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☆ Overworked junior bankers at JPMorgan are getting someone to check on their well-being
▼ + stars: | 2024-09-19 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

JPMorgan has created a new role to oversee the well-being of junior bankers and analysts. JPMorgan capped junior bankers' hours at 80 a week earlier this month. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan Chase has created a new global role to oversee junior bankers and analysts and prevent overwork.

Persons: Wall, —, JPMorgan Chase, Ryland McClendon, McClendon Organizations: JPMorgan, Service, Reuters, Business

☆ Bill Gates' daughter says friends have cut her off because of vaccine conspiracy theories about her dad
▼ + stars: | 2024-09-18 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Phoebe Gates discussed conspiracy theories about Bill Gates in a new Netflix documentary series. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementConspiracy theories about billionaire Bill Gates have run rampant online for years, sometimes spilling from the sphere of the internet into his daily life. Many of the most pervasive of these conspiracy theories have linked him to COVID-19.

Persons: Phoebe Gates, Bill Gates, Phoebe, — Organizations: Netflix, Stanford, Service, Business Locations: COVID

☆ Some of OpenAI's top new executives are a nod to its upcoming fights in the courtroom and Washington
▼ + stars: | 2024-09-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

This story is available exclusively to Business Insider subscribers. Jason Redmond/AFP/Getty ImagesA good chunk of the executives Darius highlighted aren't involved in OpenAI's tech. Some of OpenAI's most high-profile executives are instead addressing legal challenges and lobbying regulators in the US and abroad. It's a nod to the fact OpenAI's biggest upcoming fights will take place in a courtroom as opposed to a computer screen. Luckily for you, Business Insider has identified the most famous book set in every state.

Persons: —, Tyler Le, Sam Altman, Altman, he's, Darius Rafieyan, OpenAI, Darius, it's, Jason Redmond, aren't, It's, Justin Trudeau's, Somodevilla, Warren Buffett, David Einhorn, Chelsea Jia Feng, Amazon's, Natalie Ammari, Harris, Jamie Dimon, Dimon, Harvey Weinstein, world's, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Apple, Getty, OpenAI, BMO Capital Markets, Healthcare, Amazon, Google, Trump, Facebook, Reading, Fed, The Locations: AFP, New York, London

☆ 80-year-old billionaire Larry Ellison wins plaudits for looking 30 years younger, with longevity fanatic Bryan Johnson weighing in
▼ + stars: | 2024-09-16 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Larry Ellison, the cofounder of Oracle, is praised for looking 30 years younger at age 80. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLarry Ellison is winning praise online for looking far younger than his age. "Ellison, now 80, is doing a good job managing biological aging," Johnson, founder of payments company Braintree, wrote on X.

Persons: Larry Ellison, Antiaging, Bryan Johnson, —, Ellison, Johnson Organizations: Oracle, Service, Business Locations: Braintree

☆ OpenAI announces new independent board oversight committee focused on safety
▼ + stars: | 2024-09-16 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI on Monday said its Safety and Security Committee, which the company introduced in May as it dealt with controversy over security processes, will become an independent board oversight committee. Other members include Adam D'Angelo, an OpenAI board member and co-founder of Quora, former NSA chief and board member Paul Nakasone, and Nicole Seligman, former executive vice president at Sony. The committee will oversee "the safety and security processes guiding OpenAI's model deployment and development," the company said. The company said the committee "reviewed the safety and security criteria that OpenAI used to assess OpenAI o1's fitness for launch," as well as safety evaluation results. Leike wrote in a post on X that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Zico Kolter, Adam D'Angelo, Quora, Paul Nakasone, Nicole Seligman, it's, Ilya Sutskever, Jan Leike, Leike Organizations: Microsoft, Security Committee, Carnegie Mellon University's, NSA, Sony, Tiger Global, Nvidia, Apple, OpenAI o1, Democratic Locations: Redmond , Washington, OpenAI

☆ I've held leadership roles at Yahoo, Google, and Facebook. Taking a demotion is what set my career on the right path.
▼ + stars: | 2024-09-14 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

I wanted to work in technology, and I wanted to work in business, so I went to get an MBA, as many people do. Coming out of Cornell's business school in 1999, I had a choice between traditional routes like consulting or brand management. Since then, I've spent 25 years working in leadership roles at tech companies, including Yahoo, Google, and Facebook. Sometimes, a demotion might be the right moveAt various stages in my career, I've had those kinds of crossroad moments. So, I'm teaching people how to scale companies while I'm scaling my own company, and I'm teaching people how to be great leaders while I'm building a company that helps people be great leaders.

Persons: —, Jennifer Dulski, It's, I've, That's, you've Organizations: Service, Rising Team, Stanford Graduate School of Business, Yahoo, Google, Facebook, Business, Rising, Stanford

☆ China to raise its retirement age for the first time in decades
▼ + stars: | 2024-09-13 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

China will raise its retirement age to address a declining population and shrinking workforce. The new retirement age will be 63 for men and between 55 and 58 for women. AdvertisementChina will gradually raise its retirement age in response to an aging population, shrinking workforce, and to relieve pressure on its pension system. Under the plan, men's retirement age in the country will rise to 63 from 60. While women in blue-collar jobs will see their retirement age increase from 50 to 55 and 55 to 58 for women in white-collar positions.

Persons: — Organizations: Service, Business Locations: China

☆ Dell's job cuts aren't over yet
▼ + stars: | 2024-09-11 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Dell plans further workforce cuts and limits external hiring through February 2025. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Dell, — Organizations: Service, SEC, Business

☆ A couple say they spent $400,000 trying to regain access to Disney's exclusive club and lost the legal battle
▼ + stars: | 2024-09-11 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

A couple said they spent $400,000 in legal fees to rejoin Disney's exclusive Club 33. Club 33 is an invite-only members club with hefty annual fees. Go to newsletter preferences Thanks for signing up! AdvertisementAn Arizona couple say they have spent $400,000 in legal fees trying to regain membership to Disney's exclusive Club 33 after being booted out seven years ago — only to lose the case this month. Club 33 is an invite-only private dining members club that reportedly costs $31,500 a year and has, at times, had a waiting list of up to 14 years.

Persons: —, Scott, Diana Anderson Organizations: Disney's, Service, LA Times, Business Locations: Arizona, California

☆ Greece doubles down on its anti-cruise rebellion
▼ + stars: | 2024-09-09 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Greece will charge cruise passengers €20 ($22) to visit some of its most popular islands. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: —, Kyriakos Mitsotakis Organizations: Service, Business Locations: Greece, Venice, Thessaloniki, Mykonos, Athens

☆ When you work from home it's tempting to skip your lunch break. Workplace experts say it could harm your longevity and drain your social battery.
▼ + stars: | 2024-09-09 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

However, working from home can have drawbacks when it comes to taking a lunch break. "If you're really working around the clock, until let's say dinner time and don't take that break, it's not contributing to the longevity, sustainability, and overall health of employees," Tavis said. Overworking and burnout from not taking a proper break can also contribute to mental health issues, Tavis said. AdvertisementEmployers need to do moreDiRose said the best preventive measure to ensure employees are taking breaks is more training. Tavis said that for hybrid setups, managers need to make sure they encourage staff to take lunch on in-office days.

Persons: —, Isabel Berwick, Nick Bloom, Mark Mortensen, it's, Mortensen, Anna Tavis, Tavis, Janice DiRose —, DiRose, they're Organizations: Service, Employees, Business, Financial, Stanford University, Netflix, New York University, Engage, Florida —, Fair Labor, Employers Locations: Florida

☆ Microsoft dodges in-depth UK probe into hiring of staff from AI firm Inflection
▼ + stars: | 2024-09-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. In March, Microsoft announced the hiring of Suleyman from Inflection, along with a number of other key employees at the firm. Suleyman was appointed Microsoft's executive vice president and CEO of Microsoft AI. The CMA had not previously spelled out exactly how the hiring of Inflection AI employees could undermine competition. The Inflection arrangement isn't the only pact with a Big Tech company and AI startup that regulators in the U.K. are assessing.

Persons: Mustafa Suleyman, DeepMind, Suleyman, Karen Simonyan, Simonyan Organizations: Ltd, Economic, LONDON, U.K, Markets Authority, Microsoft, Windows, DeepMind, Google, CMA, CNBC Wednesday, Reuters, Street Journal, Big Tech, Amazon, Federal Trade Commission Locations: Davos, Switzerland, U.S, Britain, Redmond, Washington

☆ Internal Amazon sales guidelines spread doubt about OpenAI capabilities while bad-mouthing Microsoft and Google
▼ + stars: | 2024-08-26 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

Other talking points from the documents include OpenAI's lack of access to third-party AI models and weak enterprise-level contracts. "For generative AI workloads, AWS will compete most often w/ Microsoft's Azure OpenAI Service, OpenAI (directly), and Google Cloud's Generative AI on Vertex AI," one of the documents said. Instead, Amazon has prioritized selling AI tools like Bedrock, which gives customers access to third-party AI models. The sales guidelines also outline how AWS sales reps should respond to customers' questions about Microsoft and Google. In situations where Microsoft pitches its AI-powered analytics software, Fabric, to customers, AWS salespeople are instructed to say, "Microsoft Fabric is a new (unproven) offering."

Persons: —, It's, isn't, ChatGPT, OpenAI, OpenAI's, Sam Altman, Jason Redmond, Claude, Satya Nadella, Justin Sullivan, Maia, We're, they're, doesn't, Atle Erlingsson Organizations: Microsoft, Google, AWS, Service, Business, OpenAI, Amazon, Nvidia, Getty, Meta, Amazon's, AI, Fortune Locations: AFP

☆ Microsoft plans September cybersecurity event to discuss changes after CrowdStrike outage
▼ + stars: | 2024-08-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Delta Air Lines , which said fallout from the outage cost the company $550 million, is seeking damages from CrowdStrike and Microsoft. Software from CrowdStrike Check Point , SentinelOne and others in the endpoint-protection market currently depend on kernel mode. But an application in kernel mode that fails can cause all of Windows to crash. The Microsoft executive said removing kernel access in Windows would only solve a small percentage of potential problems. "We will share further updates on these conversations following the event," Microsoft Corporate Vice President Aidan Marcuss wrote in a blog post.

Persons: CrowdStrike, Aidan Marcuss Organizations: Delta Airlines, Microsoft, Delta Air Lines, CNBC, Windows, Apple, Rust Foundation, Microsoft Corporate Locations: Los Angeles, Airlines, Redmond , Washington, SentinelOne, macOS

☆ Most high schools in a London borough are banning smartphones. A principal explains how the plan took shape.
▼ + stars: | 2024-08-10 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

Read previewA group of schools in London have joined together to announce a smartphone ban. The ban will affect over 13,000 students at more than a dozen of the 20 government-funded middle and high schools in the borough of Southwark. Power in numbersFor Baxter, the most effective way to get rid of smartphones is by acting with other schools. For smartphones, parents have to come to collect it after school, which Baxter said they would be made aware of. And that's what schools are doing, that's what parents are doing," he said.

Persons: —, Headteachers, Mike Baxter, Matt Jones, Baxter, doesn't, Daisy Greenwell, Clare Fernyhough Organizations: Service, Business, of London Academy ,, Ark Globe Academy Locations: London, Southwark, of London Academy , Southwark, Baxter's

☆ Taco Bell is giving customers exactly what they want right now: cheap fast food
▼ + stars: | 2024-08-07 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Taco Bell is one of the rare bright spots in the fast food industry right now. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaco Bell has been going all in on value, and it's paying off. Taco Bell has been winning over customers with value meals as fast food prices have soared in recent years, putting some diners off.

Persons: Taco Bell, — Organizations: Brands, Service, Yum ! Brands, KFC, Business

☆ CrowdStrike is denying Delta's claims it was to blame for thousands of flight disruptions
▼ + stars: | 2024-08-05 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

CrowdStrike denies Delta's claims that the firm is responsible for thousands of flight disruptions. CrowdStrike wrote in a letter that it "strongly rejects" the airline's allegations. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: CrowdStrike, Delta's, Ed Bastian, —, Michael Carlinsky, Quinn Emanuel Urquhart, Sullivan Organizations: Service, Delta Air Lines, Business Locations: Delta, Texas

☆ The US wants to ban airlines from charging families to sit together
▼ + stars: | 2024-08-02 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

The Biden Administration has proposed a rule banning airlines from charging families to sit together. The proposal aims to ensure that parents and caregivers can sit next to young children at no extra cost. Fees to sit together can cost up to $200 per trip, a release form the Department of Transport says. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Biden Administration proposed a new rule on Thursday that would ban airlines from requiring families to pay extra money to sit next to each other.

Persons: — Organizations: Biden Administration, of Transport, Service, Department of Transport, Business

☆ Follow Mark Zuckerberg's lead and revamp your image at work. Here are 5 ways to do so.
▼ + stars: | 2024-08-02 | by ( Nora Redmond | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But that doesn't mean it's too late to revamp your public image. The internet obsessed over Mark Zuckerberg, switching his old aesthetic of hoodies and gray t-shirts to his new look — he now sports chain necklaces. Hannah Salton, a UK-based career coach and author with a background in corporate recruitment, said it's important to create a persona for work that you're comfortable with. Tailor your social media accountIt's vital to be aware of your online presence, including your social media accounts, she said.

Persons: —, Mark Zuckerberg, he's, Hannah Salton, Salton, Cooper Neill, it's Organizations: Service, Business

☆ Delta CEO says IT outage cost the airline $500 million, and it has 'no choice' but to seek damages from CrowdStrike
▼ + stars: | 2024-08-01 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Delta CEO said the IT outage cost $500 million in losses from revenue and passenger compensation. The tech issues, linked to a flawed CrowdStrike update, led to over 5,000 flight cancellations. CEO Ed Bastian said in an interview with CNBC that the carrier has "no choice" but to seek damages. AdvertisementDelta Air Lines CEO Ed Bastian said the mass IT outage, which resulted in days of delays and cancellations, cost the airline $500 million. Delta canceled several thousand flights over several days after an IT meltdown caused by a flawed update issued by Texas-based cybersecurity firm CrowdStrike.

Persons: Ed Bastian, —, CrowdStrike, Bastian Organizations: Delta, CNBC, Service, Air, Business Locations: Texas

☆ Why you should avoid 'quiet vacationing' to prevent burnout and boost productivity
▼ + stars: | 2024-07-31 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

"If you do take your vacation time, you're going to feel better at work," she said. "You're going to have more clarity around what you're doing." AdvertisementQuiet vacationing is not really vacationingFor Kraszewski, no employee should feel guilty about taking their PTO. She encouraged managers to talk about their vacations and be excited for staff about taking time off. "You need to unplug, you need to get off Zoom, and go and take that beach vacation," Kraszewski said.

Persons: —, Jennifer Kraszewski, they're, Kraszewski, it's Organizations: Service, Business, Employees

☆ A school used facial recognition tech for cafeteria payments. An internet law expert says it's rarely worth the risk.
▼ + stars: | 2024-07-31 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

A school in England broke the law for using facial recognition technology for lunch payments. The UK's data protection regulator reprimanded the school for not assessing the risks to the students' information. An internet law professor has warned of issues surrounding bias and the onward use of data collected. AdvertisementA school in England broke the law when it introduced facial recognition technology to take student lunch payments. The UK's data protection regulator issued a formal reprimand to a 1,200-pupil high school in Essex, a county in southeast England, for not conducting a data protection impact assessment before installing the FRT.

Persons: — Organizations: Service, Business Locations: England, Essex

☆ An NFL legend was handcuffed on a United plane and barred from flying. Weeks later, a flight attendant involved in the incident has left the airline.
▼ + stars: | 2024-07-31 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Terrell Davis said he was handcuffed and removed from a United Airlines flight and barred from flying. United apologized, rescinded the ban, and said the flight attendant is no longer employed by the airline. AdvertisementA United flight attendant involved in an incident with NFL Hall of Famer Terrell Davis is no longer employed by the airline, it confirmed to Business Insider Wednesday. Earlier in July, Davis said in an Instagram post that he was handcuffed and removed from a flight to California on July 13. This story is available exclusively to Business Insider subscribers.

Persons: Terrell Davis, Davis, —, NFL Hall of Famer Terrell Davis Organizations: United Airlines, Service, NFL Hall of Famer, Business Locations: California

☆ AI risks destroying jobs. Tech leaders think they have the answer.
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. AdvertisementFor prominent tech figures, there's also a PR dimension to supporting the basic income concept, he said. AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.

Persons: —, UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP

☆ The tech industry wants to create an AI utopia. Its leaders think Universal Basic Income is the answer.
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. Recently, the OpenAI CEO also floated the idea of what he calls "universal basic compute." AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.

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