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☆ The world's largest chipmaker TSMC is about to be tested as it uses more and more power
▼ + stars: | 2024-10-07 | by ( Helen Li | ) www.businessinsider.com time to read: +3 min

TSMC has high power usage, and Taiwan's tight electricity supply will test its chip production. TSMC aims for net zero emissions by 2050, but renewable energy growth faces hurdles. The surge in energy consumption last year is likely due to the increase in 3nm semiconductor production, the analysts said. In 2021, TSMC announced a commitment to reach net zero emissions by 2050 through a combination of renewable energy certificates and power purchase agreements. Adding renewable energy supplies would help alleviate this problem, although the island's geography makes it difficult to increase solar and wind power sources.

Persons: TSMC, — Organizations: Service, P, Micron, Intel Locations: TSMC, Phoenix

☆ What it's like to launch a startup with friends, according to 3 Gen Z cofounders who created a childcare startup together
▼ + stars: | 2024-10-07 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

"Sasha was basically our mom's third son," Daniel Andrews told Business Insider. Around 60% of Gen Z founders who were surveyed had involved their friends in the business, compared to 42% of millennials and 21% of Gen X and boomers. Advertisement"We're each other's biggest fans, but we're also each other's biggest critics," Daniel Andrews said. "Being a first-time founder, it is incredibly beneficial to work with friends and family who can step up and take on that work. "If you have friends that you find that are like slowing you down, or like trying to distract you, or other things, those might not be the best friends to launch a startup with," Daniel Andrews said.

Persons: Sasha Reiss, Andrews, Zs, —, Daniel, Josh Andrews, Sasha, Daniel Andrews, Reiss, Japan —, Gen, X, we're, We've, I've, it's, we've Organizations: Service, Business Locations: Mexico, Brazil, Korea, Japan

☆ My wife and I gave up $1 million in Big Tech pay to move from California back to India. I couldn't find purpose in the US.
▼ + stars: | 2024-10-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on a conversation with Nithin Hassan, who moved from California to Bengaluru, India, in 2023 to launch his startup. I grew up in and around Bengaluru, India, in the late 1990s and 2000s. I got married in 2013, and my wife also worked in Big Tech in the US. My wife is still working at a Big Tech company and spends much more time commuting than she did back in the US. Did you leave Big Tech to pursue a career in a completely different field?

Persons: Nithin Hassan, Hassan, —, We've Organizations: Meta, Service, Cisco, Amazon, Microsoft, Big Tech Locations: California, Bengaluru, India, Big, Bay

☆ Wall Street is getting tired of Corona brewer Constellation, but Jim Cramer says to hold on
▼ + stars: | 2024-10-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Jim Cramer is planning to stay in the game with Constellation Brands , despite a Wall Street firm moving to the sidelines on the Mexican beer importer. Shares of New York-based Constellation Brands fell 1.5% Monday, off their lows of the session. In the June-to-August period reported Thursday, beer sales rose 6%, compared with increases of 8%, 11% and 11.8% in its three prior quarters. In explaining why we're sticking with Constellation, Jim said Monday he liked what he heard from Constellation Brands CEO Bill Newlands during the executive's appearance Friday on "Mad Money." This uptick coincided with increased marketing spending behind its top beer brands, Newlands said.

Persons: Jim Cramer, Jim, there's, Bill Newlands, Newlands, —, Kim Crawford, Meiomi, Duckhorn, Morgan Stanley, Jim Cramer's, Justin Sullivan Organizations: Constellation Brands, Bank of America, Modelo, Corona, Constellation, CNBC Locations: York, Mexico, Corona, San Anselmo , California

☆ Coinbase is delisting some stablecoins in Europe this year. Here's what it could mean for the crypto stock
▼ + stars: | 2024-10-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Circle-issued USD Coin (USDC) did not hit the market until 2018. "Coinbase and Circle have a revenue sharing agreement — they share 50% of USDC revenue," he said. "If the market cap for USDC goes up revenue for Coinbase will increase as well." The market cap for dollar-backed stablecoins has been hitting all-time-highs in recent weeks after a sharp drop in 2023. Tether makes up more than 70% of the market cap of U.S. dollar-backed stablecoins, according to CryptoQuant.

Persons: Owen Lau, Oppenheimer, Lau, stablecoins Organizations: European Union, CNBC, . Locations: Europe, Crypto

☆ Adtech company PubMatic lays off staffers as it tightens focus on growth areas like connected-TV ads
▼ + stars: | 2024-10-07 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

PubMatic conducted a layoff last week as part of a plan to focus on growth areas. PubMatic said it plans to increase its overall head count by 15% despite recent challenges. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementPubMatic, the publicly listed adtech company, last week conducted a layoff as it looks to reorient its business toward growth areas like connected-TV advertising, according to four people familiar with the matter. "PubMatic is optimizing operations to focus on high-growth areas such as supply path optimization, CTV, and commerce media," the spokesperson said in a statement.

Persons: PubMatic, —, AdExchanger, Steve Pantelick Organizations: Service, CTV Locations: New York City, California

☆ Taiwan's president is doubling down on sticking it to Beijing, saying China can't be the 'motherland' because its government is younger
▼ + stars: | 2024-10-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Lai Ching-te on Sunday said it's "impossible" that China would become Taiwan's "motherland." AdvertisementTaiwanese President Lai Ching-te on Sunday challenged the idea that mainland China is Taiwan's "motherland," saying the island's government is older than Beijing's. Meanwhile, the People's Republic of China, which governs mainland China from Beijing under leader Xi Jinping, celebrated its 75th birthday on October 1. Advertisement"Therefore, in terms of age, it is definitely impossible for the People's Republic of China to become the motherland of the people of the Republic of China," Lai said. "On the contrary, the Republic of China may actually be the motherland of the people over 75 years old in the People's Republic of China," Lai continued as his audience applauded and cheered.

Persons: Lai Ching, —, Lai, Xi Jinping, Mao Zedong's, Mao, Tsai Ing, Lai's, Tsai, it's Organizations: Service, Sunday, Democratic Progressive Party Locations: China, Beijing, Taiwan, Republic of, People's Republic of China, Republic of China, of China, Taipei, There's, —, Hong Kong, India, Southeast Asia, Washington

☆ One year on, the Israel-Hamas war has taken an unprecedented toll on journalists
▼ + stars: | 2024-10-07 | by ( Hadas Gold | ) edition.cnn.com time to read: +12 min

Multiple news organizations and free press groups have accused the Israeli military of deliberately targeting journalists. “One year in, Israel’s conduct of the war in Gaza has exacted an unprecedented and horrific toll on Palestinian journalists and the region’s media landscape,” CPJ said. Four Israeli journalists were killed in the October 7 attacks, and others barely survived. The raw footage is also subject to Israeli military censorship. CNN’s Clarissa Ward is one of the only foreign journalists to have entered the strip without the Israeli military, when she embedded with a United Arab Emirates field hospital crew.

Persons: Israel’s, ” CPJ, ”, Tania Kraemer, Clarissa Ward, they’ve, ” Al Jazeera, CNN he’s, “, Deborah Turness, Janine Zacharia, ‘ You’ve, ” Zacharia, William Lafi Youmans, George Washington, Youmans, ” Youmans, that’s Organizations: CNN, Journalists, Protect Journalists, “, Foreign Press Association, Deutsche Welle, Union of Journalists, United, United Arab Emirates, Court, West Bank, Israeli Journalists Union, Associated Press, BBC, West Bank “, Stanford University’s Department of Communications, The Washington Post, Reuters, George Washington University’s School of Media, Public Affairs, European Union Locations: Israel, Gaza, Jerusalem, Egypt, United Arab, American, Israeli, Palestinian, “, United States

Wall Street's top performers are hard workers who tend to work long, intense hours. Business Insider asked its 2024 class of Wall Street stars about how they stay mentally sharp. Here's what we learned about the hacks, habits, and routines that help top talent on Wall Street stay on their game. The routine helps him stay present with his home life as well as work, he added. But I think those two things help me to at least stay recharged and stay ready each day," he said.

Persons: —, Mark Zhu, Craig Kolwicz, Goldman Sachs, Corey White, Nina Gnedin, Blake Cecil, Chi Chen, Robert Sapolsky, Justin Elliott, Read, Palmer Osteen, KKR's, I've, That's, Daniela Cardona, America's White, Ben Carper, it's, there's, Matthew Eid, Holm, Reinhard Dirscherl, Melissa Ding, Wells, Annie Cheslin, she's, Margaret Williams, Morgan Stanley, Williams, Apollo's Austin Anton, Erica Wilson's, deadlifted, Harrison DiGia, Patrick Lenihan, barre, Elizabeth Stone Redding, Stone Redding, Matt Gilbert, Thoma, Gilbert, I'm, Dan, Feroz Khosla, isn't Organizations: Business, Service, Blackstone, Finance, Goldman, of America, Man Group, Productivity, Bridgewater Associates, Bank of America, Fidelity Investments, RBC, Bank, America's, Jefferies, Capital Advisory, Ares Management, Getty, BlackRock, Blue, General Atlantic, JPMorgan Asset Management, TPG, Thoma Bravo, Citadel Securities Locations: Blackstone, Chicago, San Francisco, Coast, Boston, Silicon Valley, New York, I'm, Maldives, he's, Thailand, Central Park

☆ How the October 7 attacks became a turning point for US politics
▼ + stars: | 2024-10-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

Like the September 11 attacks in 2001, the Hamas horror set off a chain of events that affected countless lives, unleashing political disturbances thousands of miles away. At home, the fallout of the Hamas attacks has coincided with the toxic politics of a presidential election year. Deep domestic political aftershocksThe Hamas terror attacks – and Israel’s response – have laid bare and widened splits in American society and domestic politics. He has found common interest with Republicans who sought to use the war to damage Biden as the election loomed. Many American Jews have felt unsafe at home amid antisemitism provoked both by Hamas’ attacks and some of the protests over Israel’s response.

Persons: CNN —, Joe Biden, Kamala Harris, Donald Trump, Israel, Biden, Harris, it’s, Benjamin Netanyahu, Antony Blinken, William Burns, Netanyahu, Yahya Sinwar, Weeks, outlast Biden, bequeath, Trump, –, Fury, Joe, “, ” Harris, ”, Clinton, ’, Israel shouldn’t, goading Netanyahu, ” Trump, Jonathan Greenblatt, he’d, ” Greenblatt, Dana Bash, What’s, bedeviled Biden Organizations: CNN, Hezbollah, Democratic Party, Trump, CIA, US, Republicans, Democratic, Arab American, CBS, Washington, GOP, Defamation League, ADL Locations: Israel, America, Iran, United States, Yemen, Red, Washington, Jordan, Gaza, Russia, China, Lebanon, Michigan, North Carolina, “ State

☆ Intra-Africa trade could double in next five years, says Secretary General of African Continental Free Trade Area
▼ + stars: | 2024-10-07 | by ( Nell Lewis | ) edition.cnn.com time to read: +8 min

CNN —Africa is home to the world’s largest free trade agreement, in terms of number of countries, territory, and population – the African Continental Free Trade Area (AfCFTA). According to the Economic Commision for Africa, African countries continue to trade with the rest of the world more than among themselves. Aliko Dangote has been talking about the fact that he needs 35 visas to travel across the African continent. WM: It’s a significant barrier and constraint to intra-Africa trade and intra-Africa investment. I think we can double intra-Africa trade in the next five years, provided we introduce the tools that are required.

Persons: CNN’s Eleni Giokos, Wamkele Mene, Eleni Giokos, Wamkele, it’s, Mene, Aliko Dangote, It’s, I’ve, it’ll Organizations: CNN, Continental Free Trade Area, Union, EG, Continental Free Trade, CNN EG, African Continental Free Trade Area, European Union, Africa can’t, Democratic Locations: Africa, Kigali, Rwanda, Angola, Zambia, Democratic Republic of Congo, Central Africa, Eastern Africa, Northern Africa, –

☆ Elon Musk is ready to make his biggest pitch yet that Tesla is more than just a car company
▼ + stars: | 2024-10-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Elon Musk has a big task this week: convincing investors that Tesla is more than just a car company. It may do so once again as Elon Musk prepares to use the studio lot to tell another story: that Tesla is more than just a car company. The long-awaited event — originally scheduled for August — is meant to give weight to the electric vehicle maker's pitch that it is a tech company first and a car company second. Meanwhile, in July, Wedbush analyst Dan Ives claimed the "Tesla AI story could be worth $1 trillion-plus and is the most undervalued AI name." Michael Macor/The San Francisco Chronicle via Getty ImagesHowever, what's critical to note is the timing for Tesla's robotaxi push.

Persons: Elon Musk, Tesla, Tesla's, —, Musk, Sam Altman, Andrej Karpathy, Dan Ives, Michael Macor, Caspar Rawles, Rawles, Donald Trump, Elon, Ross Gerber, Gerber, Uber, it's, Cruise, Paul Miller, Forrester Organizations: Service, Warner Bros, Elon, Robotaxi, EV, San Francisco, Getty, Elon Inc, Benchmark Mineral Intelligence, Twitter, Gerber Kawasaki Wealth, Investment Management, Baidu, GM Locations: Burbank, California, Tesla's, Palo Alto, Elonville, Chinese, China, Wuhan

☆ North Carolina senator calls conspiracy theories around Helene federal response a 'distraction'
▼ + stars: | 2024-10-06 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

An aerial view of flood damage wrought by Hurricane Helene along the Swannanoa River on October 3, 2024 in Asheville, North Carolina. Sen. Thom Tillis, R-N.C., chided some of the conspiracy theories that have surfaced surrounding the Hurricane Helene recovery efforts in western North Carolina. Claims about the federal response to Hurricane Helene have been coming from all over social media. When asked about Trump's comments that the federal response to the recovery efforts in North Carolina was terrible and that emergency funding was being used on immigrants, Tillis gave a two-pronged response. He also noted that, as of this moment, immigration is "not yet" impacting "the flow of resources to western North Carolina."

Persons: Hurricane Helene, Sen, Thom Tillis, Helene, Tillis, I've, Kevin Corbin, Corbin, Elon Musk, Donald Trump, president's Butler, Transportation Pete Buttigieg, Biden's, Rebecca Picciotto, Lora Kolodny Organizations: CBS, Transportation, NBC News Locations: Asheville , North Carolina, North Carolina, Pennsylvania

☆ What Harris’ unrealized capital gains tax proposal means for you
▼ + stars: | 2024-10-06 | by ( Katie Lobosco | ) edition.cnn.com time to read: +8 min

A billionaire minimum tax is one of several proposals pushed by Democrats in recent years to tax the rich. Harris has specifically called for raising the top tax rate on millionaires with long-term realized capital gains from 20% to 28%. Harris’ proposal to increase the tax rate on realized capital gains to 28% would apply to taxpayers with income over $1 million. How a tax on unrealized capital gains would workLet’s discuss how a billionaire minimum tax – which is, on a basic level, a tax on unrealized capital gains – would impact a homeowner. If passed, a billionaire minimum tax – an unprecedented tax on income not yet received – would likely face many legal challenges.

Persons: Kamala Harris that’s, “, ”, Mark Friedlich, Harris, hasn’t, Biden, Joe Biden, Erica York, it’s, ” Friedlich, Ron Wyden, Joe Manchin, Kyrsten, inheritances Harris hasn’t, Biden’s Organizations: Washington CNN, IRS, Wolters Kluwer, Accounting, Biden, Tax, Oregon Democrat, Senate Locations: Altrata, Oregon, Sens, West Virginia, Arizona

☆ America's trade war is coming for Gen Z's favorites
▼ + stars: | 2024-10-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

Many Gen Zers purchase cheap goods from the Chinese e-commerce companies Shein and Temu. The Biden administration is taking steps to make more Chinese imports subject to import fees. AdvertisementTwo of Gen Z's favorite shopping platforms for cheap goods could get more expensive in the near future. The trade provision, called "de minimis," allows US consumers to avoid paying these import fees on direct-to-consumer shipments of less than $800. However, import fees could vary by product.

Persons: Biden, —, Gen, Chad Schofield, wouldn't, it's, — Schofield, Kaziukėnas, Joe Biden's, Xers, Temu, Schofield, Donald Trump, Kamala Harris, Shein, he'd, Temu It's, they'd Organizations: Service Locations: Shein, China, Canada, Mexico

☆ Tunisia heads to the polls with a fading reputation as the Arab Spring’s only success story
▼ + stars: | 2024-10-06 | by ( Associated Press | ) edition.cnn.com time to read: +9 min

Not long ago, Tunisia was hailed as the Arab Spring’s only success story. He advanced to a runoff promising to usher in a “New Tunisia” and hand more power to young people and local governments. Seventeen potential candidates filed paperwork to run and Tunisia’s election authority approved only three: Saied, Zouhair Maghzaoui and Ayachi Zammel. That includes the 83-year-old leader of Tunisia’s most well organized political party Ennahda, which rose to power after the Arab Spring. People stand in line outside a polling station during the presidential election in the capital Tunis, Tunisia, on October 6, 2024.

Persons: Press — Tunisians, Kais Saied, El, Ben Ali —, Zouhair Maghzaoui, Saied, Saied’s, Zouhair, Ayachi, Jihed Abidellaoui, Rached Ghannouchi, party’s, Abir, Ennahda —, Tunisians, Zoubeir Souissi, Yassine Mahjoub, who’ve, Tunisia won’t Organizations: Press, Abid, Authorities, Reuters, Free Destourian Party, World Bank, European Union, Today, International Monetary Fund, Reuters Economic, Tunisia's, Independent Authority, Elections, Getty, Initiative, Saied Locations: TUNIS, Tunisia, Egypt, Libya, Yemen, Tunis, Europe, Saharan Africa, Africa, AFP, ”, Iran, Russia, Saied, Israel

☆ Insider Today: Consultants hit the exits
▼ + stars: | 2024-10-06 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

This post originally appeared in the Insider Today newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This week's dispatchHot jobs reportgradyreese/Getty, Tyler Le/BIThe US economy added way more jobs in September than expected. AdvertisementThe jobs report on Friday showed 254,000 jobs added, way ahead of the 147,000 expected, while unemployment dropped to 4.1%. Here's what it all means:Rates: The strong job numbers likely mean a longer wait for lower rates.

Persons: —, Tyler Le, Kamala Harris, Donald Trump, Joe Biden, Harris, Alyssa Powell, Marc Rowan, Apollo, Rowan, Natalie Ammari, Scooping, Van Cleef, Morgan Stanley Organizations: Business, Service, UC Berkeley, Fed, Dow, Deloitte, Accenture, Reuters, Apollo Management, Apollo, JPMorgan Locations: Zegna, Bridgewater

☆ Calvin Buari served 22 years for two murders he didn’t commit. He says prison saved his life
▼ + stars: | 2024-10-06 | by ( Faith Karimi | ) edition.cnn.com time to read: +12 min

Calvin Buari with podcaster and former journalist Steve Fishman in a photo taken after Buari's release. He began selling drugs as a teenager so he could buy a pair of Air JordansBuari was a savvy — and flashy — drug dealer. His flamboyant role as a drug dealer made him unsympathetic and an easy target for a conviction, he says. And now, prison was no longer my destiny.”Seven years later, he’s on a path to redemptionSince his release from prison, Buari has been a busy man. Part of that involves thinking about the lives and neighborhoods he destroyed as a drug dealer, he says.

Persons: CNN — Calvin Buari, he’d, Buari, Uber, ” —, “, …, BMW Buari, New York City —, ”, Steve Fishman, Fishman, he’s, Calvin Buari, Exonerations, Jordans Buari, Rudy Giuliani, ” Buari, “ ‘ Young, Elijah, Salhaddin Harris, Prosecutors, Edward Keating, Myron Beldock, Beldock, Rubin “, ” Carter, —, Oscar Michelen, who’d, “ I’ll, He’s, He's, ” Fishman, Michelen, … I’m, It’s Organizations: CNN, Volkswagen Jetta, Green, Green Haven Correctional Facility, Service, VW, BMW, fedora, “, Cal, National Registry, Statistics, Fila, Air, East 213th St, Supreme, Green Haven Correctional, The New York Times, Central, New York Locations: Green Haven, Stormville , New York, Bronx, New York City, Versace, East, New York, Texas, Houston, Houston , Texas, New, New Jersey

"We have kind of a two-level house — it's not a two-story, but there are two levels," Smith-Frady told Business Insider. AdvertisementIn May 2024, the average cost of flood insurance in Florida was $781 a year, according to personal-finance company NerdWallet. Advertisement"It basically makes the home a total loss if they don't have flood insurance," Meyer Lucas said. "In Florida, there's really high flood risk, which I think is broadly understood, but that the cost associated with that flood risk is not being captured in home values." "The storms are happening so diversely in so many different areas of the state," D'Amario told Business Insider.

Persons: Helene, —, Hurricane Helene, Alexis Smith, Smith, Frady, Idalia, She's, Katie Mallah, Mallah, Katie Mallah Mallah, it's, Heather Cameron, Cameron, Holly Meyer Lucas, Meyer Lucas, Jon Schneyer, Pete, haven't, Jesse Gourevitch, there's, Ryan D'Amario, D'Amario Organizations: Service, FEMA, Business, Flood Insurance, Hurricanes, Sunshine State, Farmers Insurance, Bankers Insurance, Miami Herald, Capital Economics, Palm, Street Journal, Environmental Defense Fund Locations: Florida, St, Petersburg, Hurricane, Bradenton, North Carolina, Tampa, Sarasota, St . Petersburg, Shore, Shore Acres , Florida, Insurify, Palm Beach, Nature, Appalachia, Gulf

☆ The hidden value of a college degree: Graduates are much more likely to have friends
▼ + stars: | 2024-10-06 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +10 min

AdvertisementIn recent years, many young people have questioned whether the benefits of a college degree are worth the cost of tuition. According to a new survey, college graduates appear to have a clear edge in one area: their social lives. However, the widespread decline in socialization in recent decades has been steeper for people without a college degree. AdvertisementAdditionally, people without a college degree may also be more likely to work multiple jobs, or have roles with unpredictable hours, Pressler said. Going to college can be a "supercharger of relationships"Of course, some of the social benefits of a college degree date back to the connections fostered on campuses.

Persons: —, American Enterprise Institute —, Vivek Murthy, Sam Pressler, Pressler, they'd Organizations: Service, Survey Center, American Enterprise Institute, Survey, University, Virginia's, of Democracy, YMCA

☆ As Trump returns to assassination attempt site, Secret Service is “at a breaking point,” officials say
▼ + stars: | 2024-10-05 | by ( Sarah Fitzpatrick | Sarah Fitzpatrick Is A Senior Investigative Producer | Story Editor For Nbc News. She Previously Worked For Cbs News | ) www.nbcnews.com time to read: +11 min

As Donald Trump visits Butler, Pa., today for the first time since he narrowly survived an assassination attempt there, current and former Secret Service agents fear another security lapse. One law enforcement official told NBC News that the Secret Service is “stretched virtually to the breaking point.”“I hate to say it, they are going to hit rock bottom fast” said one former Secret Service agent. “The Secret Service is upside down on that, maybe operational 99% and 1% training," the former official said. Current and former officials are also concerned about a mass exodus of Secret Service personnel over the next 18 months. U.S. officials say that the challenges at the Secret Service will require a range of changes to ensure long-term stability.

Persons: Donald Trump, Butler, ”, ” Anthony Guglielmi, Paul Eckloff, Obama, President Trump, Eckloff, Camp David, ” Guglielmi, Ron Rowe, Barack Obama, “, Daniel Slim, Kamala Harris, it’s, you’re Organizations: Secret, Secret Service, NBC News, Trump, Service, Agents, United Nations General Assembly, Homeland Security, Getty, U.S . Navy Locations: Pa, “, United States, Camp, New York, AFP, U.S, ”

☆ There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI
▼ + stars: | 2024-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +8 min

There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.

Persons: Cerebras, —, Andrew Feldman, Ramsey Cardy Cerebras, here's, Abu, Cerebras —, Altman's OpenAI, OpenAI, Elon Musk's xAI, OpenAI's, Ilya Sutskever, Gary Marcus, OpenAI's Sam Altman, David Sacks, Darius Rafieyan, Mira Murati, Mark Zuckerberg, Andrej Sokolow, frothiness, Jensen Huang, Alex Heath, Rahul Prasad, Snapchat Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, Bloomberg, OpenAI, LLMs, Financial Times, Anthropic, Craft Ventures, Tiger Global, The New York Times, Getty, company's Connect, Meta, Orion Locations: Sunnyvale, Abu Dhabi, Silver, Saudi, Silicon Valley, —

☆ Insider Today: Getting rich off Airbnb
▼ + stars: | 2024-10-05 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

You can sign up for Business Insider's daily newsletter here. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTo successfully "swipe right" in the office, there are some rules you should follow, according to two human resource professionals who spoke to Business Insider's Jordan Hart. Airbnb arbitrageGetty Images; Jenny Chang-RodriguezGen Z has a new side hustle: Airbnb superhosting. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Chris Haston, y'know, Insider's Jordan Hart, Cheryl Swirnow, Christopher Sheekey, Jenny Chang, Rodriguez Gen Z, somethings, Dave Ramsey, they're, Critics —, Van Cleef, Tyler Le, Monica Humphries, Alyssa Powell, seltzer, What's, Natalie Ammari, Stephen King, Max, Mike Flanagan, Kate Siegel, Rebecca Zisser, Boots, booties, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Bank, Netflix, Deal Locations: Zegna, Basel, Switzerland, France, Germany, Washington, New York City, New York, Chicago

☆ The US Navy has launched a high-tech scavenger hunt on Reddit to recruit the 'next generation of submariners'
▼ + stars: | 2024-10-05 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The US Navy is recruiting for positions on its submarines on Reddit. The Navy's campaign includes activities to engage Reddit users in submarine-related tasks. To find its "next generation of submariners," the US Navy is now looking to Reddit to find recruits with "a rare blend of intellect and curiosity," according to VML, the marketing agency behind the Navy's new Reddit campaign. Related storiesThe campaign will offer clues about famous events and submarines in Navy history for Reddit users to decipher. The Navy did not immediately return a request for comment about the Reddit campaign.

Persons: —, subliminally, VML, Redditors, Ryan Blum, Blum Organizations: US Navy, Service, Marines, Navy, Army, NPR, Navy Sonar

☆ It's OK to date your office crush, HR experts say. Just follow these do's and don'ts of dating in the workplace.
▼ + stars: | 2024-10-05 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Still, it's no easy task — power imbalances and relationship drama are among the factors that could affect office culture. Sheekey added, "These types of relationships can often lead to complaints from other employees about favoritism and unfair treatment in the workplace." Now, they're getting to know their coworkers better as their bosses implement return-to-office policies, which could lead to romance. So, while an office crush might not be harmful, it's wise to approach it carefully to avoid drama worthy of the big screen. AdvertisementBI compiled a list of do's and don'ts based on advice from Swirnow and Sheekey.

Persons: Cheryl Swirnow, —, Steve Easterbrook, Melinda French Gates, Bill Gates, Swirnow, Christopher Sheekey, Sheekey, They've, Don'ts Organizations: Service, Microsoft, Engage

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