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☆ 5 takeaways from Biden's first interview following his disastrous debate performance
▼ + stars: | 2024-07-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewAll eyes were on ABC News on Friday when President Joe Biden appeared in his first interview since his catastrophic debate appearance last week. Democratic donors and supporters of Biden saw the interview as key to addressing criticisms of his poor debate showing — in which Biden repeatedly fumbled his words and appeared to lose his train of thought. Biden, currently 81-years-old, has long faced criticism over his age and fitness for office, which grew louder following the debate. "If I stopped now, I would go down in history as a pretty successful president," Biden said. The polls show I can win," Biden said.

Persons: —, Joe Biden, Biden, He's, Reed Hastings, Abigail Disney, George Stephanopoulos, George, Stephanopoulos, Camp David wasn't, — Biden, Chuck Schumer, Hakeem Jefferies, that's, he's Organizations: Service, ABC, Business, Netflix, Democrats, ABC News, Camp, Trump, Democratic Locations: France

☆ Investors want proof AI will aid drug discovery. Evidence may come in the second half
▼ + stars: | 2024-07-06 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +10 min

Analysts who have been following companies on the cutting edge of using generative AI for drug discovery say it is still very early days. But these endorsements haven't lifted Recursion shares out of a slump. RXRX 1Y mountain Recursion shares over the past year. The drug company will be a beta user of Recursion's LOWE (Large Language Model-Orchestrated Workflow Engine) and the pair are also partnering on oncology research. SDGR 1Y mountain Schrodinger shares over the past year.

Persons: Scott Schoenhaus, Chris Gibson, Jensen Huang, Leerink, Mani Foroohar, Foroohar, Recursion's, KeyBanc's Schoenhaus, Needham, Gil Blum, it's, Recursion's LOWE, Blum, Eli Lilly, AbCellera, KeyBanc's, Schoenhaus, FactSet, Allison Bratzel, Piper Sandler, Goldman Sachs, Salveen Richter, Peter Lawson, Lawson, Japan's Takeda, Schrodinger, Leerink's Foroohar Organizations: Analysts, Capital, Nvidia, ARK Investment Management, REC, CCM, Union, Bayer, Therapeutics, Dynamo, RLY, Barclays, Japan's Locations: U.S, biopharma, Biohive

☆ Chinese millennials and Gen Zers have had enough of work, so they're embracing 'naked resignations'
▼ + stars: | 2024-07-06 | by ( Alexandra Bacon | Cheryl Teh | ) www.businessinsider.com time to read: +9 min

Advertisement'Naked resignation'One popular phrase on Chinese social media is "两点一线," which translates to "two points, one line." And discussion is rife on Chinese social media about 裸辞 — a term that translates, quite literally, to "naked resignation." Examples seen in BI's search of the keyword included "how much to save before naked resignation," "three things to consider before naked resignation," and "20 jobs to try after naked resignation." Advertisement"There are articles on Chinese social media criticizing gap years," she said, "arguing that it is a Western concept that does not adapt well to Chinese society." "There's a popular internet buzzword among Chinese young people, "Gai溜子," which can be roughly translated to "drifter" on the street," Lim added.

Persons: —, Jack Porteous, Tong, Porteous, aren't, Laurence Lim, Sally Maier, Yip, Qilai Shen, Lim, It's, Jack Ma, Qu Jing, Jenny Chan, Gen, Gai 溜 Organizations: Service, Business, Tong Global, Twitter, Publishing, Getty, Cherry, Consulting, Pictures, National Bureau of Statistics, Baidu, Hong Kong Polytechnic University Locations: China, Weibo, Xiaohongshu, Europe

High-yield savings accounts have become very popular. With many boasting interest rates over 5% — far greater than the average savings account interest rate — there's no question why they're on so many people's minds. My first high-yield savings account was with AllyWhen I started my savings journey, I opened my Ally high-yield savings account after reading articles that compared different banks and seeing that name come up often. I use the savings account for longer-term savings (right now, an upcoming extended time off from work) and the checking account for shorter-term goals, like buying a new iPad. Using high-yield savings accounts with high interest rates helped, allowing me to get a small bonus deposit each month.

Persons: I've, Ally, it's, — Organizations: Service, Business, Capital, Ally Locations: Maldives

☆ Russian spies only need $3 a month to dupe someone online: report
▼ + stars: | 2024-07-05 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

According to the report, one of the operations in Project Kylo would have cost the Russian spies around $3 a month to manipulate one Western internet user. "It is precisely the fear for the future, uncertainty about tomorrow, the inability to make long-term plans, the unclear fate of children and future generations," the document read. And the number of Russian spies in the West is now estimated to be at the highest it has been in decades. Russian spy activities "are as high or even higher than during the Cold War," a Western intelligence officer told The Financial Times in March. AdvertisementGerman newspaper Welt am Sonntag reported in April 2023 that Russian spies have used Tinder to target German politicians and soldiers in a bid to obtain intelligence related to the Ukraine war.

Persons: —, Der, Der Spiegel, Victor Muller, Sonntag Organizations: Service, The, Der Spiegel, Business, SVR, Der, Criminal, Financial Times, Welt Locations: Ukraine, Germany, Russian, The Hague, West

☆ 3 ways artificial intelligence could drive Microsoft stock past its record highs in 2024
▼ + stars: | 2024-07-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Investors have been drawn to Microsoft for its early leadership in the fast-growing artificial intelligence space. Year-to-date Microsoft stock is up roughly 24%, compared to the S & P 500's 15% advance. Excitement for Microsoft as an AI play, along with demand for its cloud computing business, show no signs of slowing. Copilot subscriptions Finally, the company can generate a nice recurring revenue stream from Microsoft 365′s Copilot AI add-on. Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.

Persons: Jim Cramer, Copilot, Satya Nadella, Piper Sandler, Jim Cramer's, Jim, Jason Redmond Organizations: Microsoft, Management, Revenue, . Enterprise, Wall Street, CNBC, AFP, Getty Locations: OpenAI, Microsoft's, Redmond , Washington

☆ Can Threads survive without Instagram? A year in, the platform is facing an identity crisis
▼ + stars: | 2024-07-05 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

Read previewIf you opened Instagram last July 5, the buzz about Threads was hard to miss. Threads plans to become more independent, but Instagram still drives a lot of the trafficRecent data from Emarketer found that Instagram has been a big driver of users to Threads — out of Threads' 29 million US users in 2023, 21% were Instagram users, while in 2024, that share rose to 29% out of 41.7 million users. Head of Instagram Adam Mosseri confirmed in a recent interview with Platformer that a lot of the platform's users were "coming over from Instagram." However, Instagram still reminds Threads users who dropped off to keep using the platform, like Kristin Bousquet, a creator who has 5,412 followers on Threads. "Just having the ability to go to someone's Instagram account from Threads, and vice versa, keeps it top of mind," he said.

Persons: —, Instagram, Jasmine Enberg, Adam Mosseri, Mosseri, Francis Dominic, Kristin Bousquet, Bousquet, Lindsey Gamble, Taylor Swift, Jackie Pimental, Emarketer, Meta Organizations: Service, Business, Meta, Sports, Twitter Locations: Instagram

☆ YouTuber helps researchers solve the mystery of a 2,000-year-old 'computer'
▼ + stars: | 2024-07-05 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Known as the Antikythera mechanism, the bronze device is a mechanical computer with interlocking gears. A shipwreck full of ancient treasuresThe Antikythera mechanism is broken and eroded, making it difficult to know exactly how it worked. Associated Press/Petros GiannakourisThe Antikythera mechanism is just one intriguing finding from a 2,000-year-old shipwreck that divers first discovered in 1900. But the Antikythera mechanism is perhaps the most unique discovery of them all. AdvertisementWoan's colleague Joseph Bayley followed up the research by modifying techniques used to study gravitational waves, which are ripples in space-time.

Persons: —, Graham Woan, Chris Budiselic, Budisic's, Woan, Petros Giannakouris, Derek John de Solla Price, Budiselic, Joseph Bayley, Bayley Organizations: Service, Business, University of Glasgow, Associated Press, Oceanographic, Woan's Locations: Antikythera

☆ Apple and Microsoft seem to be playing very different games with their OpenAI deals
▼ + stars: | 2024-07-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

In the 1990s, Apple watched as Bill Gates took Windows global, giving Microsoft absolute dominance over the nascent PC market. Apple's OpenAI dealWhen Apple revealed a partnership with OpenAI at its Worldwide Developers Conference (WWDC) in June, questions swirled about the terms of the long-rumored tie-up. AdvertisementApple's new suite of AI features revealed at WWDC, dubbed Apple Intelligence, hardly relies on OpenAI's technology. ChatGPT is more of an add-on that Apple users can choose to give, or refuse, permission to respond to queries. The success of Apple's OpenAI tie-up could come down to how many people are willing to buy new iPhones.

Persons: —, Apple, Bill Gates, Steve Ballmer, Steve Jobs, Gates, Phil Schiller, Sam Altman's, Apple's, Apple isn't, OpenAI, Satya Nadella, Nadella, Yann LeCun, it's Organizations: Service, Microsoft, Business, Bloomberg, Apple, Big Tech, OpenAI, Worldwide Developers, Google . Apple Intelligence, Google, Apple Intelligence Locations: OpenAI

☆ Noplace is the hottest new app on the charts. Its founder spills on how it went viral and plans to skirt becoming a 'fad.'
▼ + stars: | 2024-07-04 | by ( Sydney Bradley | Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The social media app is the brainchild of 27-year-old serial founder and investor Tiffany "TZ" Zhong, whose tech career took off in her late-teens. Instead of stressing over carefully curated posts, the app encourages users to share their stream-of-consciousness thoughts directly to the feed. According to its App Store description, it aims to harken back to the social media era before "algos and ads" took over. She particularly follows the behavior of Noplace's "power users," some of whom even spend between eight and 10 hours on the app, Zhong said. And at a time when social media platforms are prioritizing entertainment over social interactions, Noplace feels timely.

Persons: —, Tiffany, Zhong, you've, It's, Noplace, Nospace, …, Alexis Ohanian, it's, There's Organizations: Service, Twitter, Apple, Business, Noplace's, Big Locations: Noplace, Reddit

☆ It's cool to be a finance bro — for now
▼ + stars: | 2024-07-04 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

It comes amid reports that White House staffers are being told to go heads down and " execute, execute, execute. " The big storyISO: A man in financeGetty Images; Jenny Chang-Rodriguez/BIIt's cool to be a finance bro — for now. AdvertisementThanks to a song in a viral TikTok video , finance bros have entered a period of resurgence. But it didn't take long to discover that finance bros were often the butt of the joke. So finance bros may be enjoying a moment in the cultural sunshine — but it likely won't last forever.

Persons: —, I'm Jordan Parker Erb, Dan DeFrancesco, Donald Trump, Joe Biden's, Biden, We'll, Jenny Chang, Rodriguez, bro —, Megan Boni, It's, Maria Noyen, wasn't, Elizabeth Holmes, Theranos, Sam Bankman, Rishi Sunak —, Joey Chestnut, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, White House, Business, Getty, bros, Trust Locations: New York City, Patagonia, Manhattan, New York, London

☆ Netflix axes its cheapest ad-free plan in the UK and Canada, giving users deadlines to upgrade
▼ + stars: | 2024-07-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

The demise of Netflix's lowest-priced ad-free plan continues in the UK and Canada. Basic users in those markets report receiving deadlines to upgrade or accept ads. Co-CEO Greg Peters said the price hikes are intended to help pay for a wider range of content. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So it goes with the demise of Netflix's lowest-priced ad-free plan, as users of the Basic tier in the UK and Canada report receiving deadlines to upgrade to a higher-cost option or accept ads.

Persons: Greg Peters, — Organizations: Service, Canada, Business Locations: Canada

☆ Tourists can be a turnoff for wealthy travelers in hotspots like Tulum and Mykonos. Here are 4 places that are still an oasis for the ultra-rich.
▼ + stars: | 2024-07-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDuring the summer months, if you're not on vacation yourself, it feels nearly impossible to avoid seeing pictures or videos of everyone else's trips to popular hotspots. But while both destinations still attract several million tourists yearly, some ultra-rich vacationers seek more exclusive locations away from the hoi polloi. Its casinos, luxury shopping, and excess of yachts make it "a playground for the ultra-rich," according to West. Courtesy of Fraser YachtsFive-star hotels have attractive amenities, but luxury yachts unlock another level of privacy and mobility for those rich enough to own or charter one.

Persons: —, Alexa West —, Aman, Kylie Jenner, Justin Bieber, Valentin Luthiger Andermatt, Knight Frank, Mark Cavendish Organizations: Service, United Nations World Tourism Organization, Business, Aman Resorts, Aman Resorts Aman Resorts, Monaco Monaco, Monaco, Wall Street, Yachts, Fraser Yachts Locations: japan, Italy, Tourism, US's Utah, Aman Resorts Aman, Its Utah, Utah, Switzerland, Monaco, Mykonos, St, Tropez, Sardinia, Carinthia

☆ Democrats are ironically declaring their support for Kamala Harris on social media
▼ + stars: | 2024-07-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Related storiesA CNN poll released on Tuesday also found that Harris performed better than Biden in a hypothetical match-up with Trump. Hillary must be so mad — Mr. Chau (@Srirachachau) July 2, 2024For some newly minted Harris supporters, the feeling is genuine. Among them is Chi Ossé, a New York City Councilor who's called on Biden to drop out and posted a sizzle reel of Harris with the caption "coconut tree summer" on Wednesday. AdvertisementIn fact, many of the X users who are tweeting their support for Harris aren't exactly the vice president's biggest fans. You think you just fell out of a coconut tree?'"

Persons: —, Kamala Harris, Joe Biden's, Biden, Harris, I’ve, — Carter Christensen, Jim Clyburn, Brandon, Kamala, Hillary, They've, Chi Ossé, who's, Harris aren't, They're Organizations: Service, Business, Democratic, Biden, CNN, Trump . Rep, South Carolina Democrat Locations: New York

☆ Gavin Newsom has some big fans backing him for a 2024 presidential run — but they're in China
▼ + stars: | 2024-07-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Gavin Newsom has brushed aside calls for him to replace President Joe Biden on the ballot. One user said that Newsom is good looking and is "really suitable to be president." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gavin Newsom might have maintained his support for President Joe Biden, but Newsom's Chinese fans think it's time for him to lead his country. "The California governor is really suitable to be president.

Persons: Gavin Newsom, Joe Biden, Newsom, —, Bill Clinton Organizations: California Gov, Service, Weibo, California Democrat, Business Locations: California, China

☆ Instacart shoppers are using the app's 'reorder items' button to see how much grocery prices increased over the years
▼ + stars: | 2024-07-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

And while few shoppers would save their old grocery receipts, using apps like Instacart keep your order history for years. Now, some customers are using those past orders to discover inflation's highly personal impact on them. AdvertisementIn a video on TikTok, White shared his experience using Instacart's "reorder items" function, explaining how a $35 order skyrocketed to more than $62 in the past five years. (Several commenters suggested this was due to the app replacing some out-of-stock items with more expensive offerings from third-party sellers.) White told BI the response to his video, which has nearly a million views, has been very polarized.

Persons: —, White, Manhattan —, It's, Andy Kiersz Organizations: Service, Business, Walmart, Pepsi Locations: Virginia, Los Angeles and New York City, Gelson's, LA, Wegman's, Manhattan

☆ Google's ambitious plan to replace tracking cookies is going from bad to worse
▼ + stars: | 2024-07-02 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

Several adtech companies have been in deep testing mode with Google's Privacy Sandbox for several months, since Chrome turned off third-party tracking cookies for 1% of its users. Criteo, a demand-side platform that helps advertisers place their ads, was also a Privacy Sandbox grant participant. Criteo forecast that if cookies were switched off now, publishers' Chrome ad revenue would decline by about 60% on average. AdvertisementStill, he added, the Privacy Sandbox already seems to be working better than a completely cookieless environment, "which is promising for an early-stage technology." To be sure, the Privacy Sandbox isn't the only alternative to the advertising ecosystem once cookies are discontinued.

Persons: —, they've, Chrome, Criteo, Todd Parsons, Criteo's, Anthony Katsur, Katsur, It's, James Colborn, Michael Lamb, RTB Organizations: Service, Google, Business, Exchange, IAB Tech Lab, IAB Tech, Chrome, Tech, CMA Locations: CPMs

☆ Costco has changed the packaging of its $4.99 rotisserie chicken — and some shoppers are voicing their annoyance
▼ + stars: | 2024-07-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Costco has gradually been switching the packaging for its rotisserie chicken from trays with lids to plastic bags. "There's just something unappealing about picking up a bagged chicken," a Reddit user wrote. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCostco has been rolling out new the packaging for its coveted $4.99 rotisserie chicken, and some loyal customers aren't impressed with the change. The warehouse chain previously sold the Kirkland Signature chicken on black plastic trays with transparent plastic lids.

Persons: —, aren't Organizations: Costco, Service, Kirkland, Costco Connection, Business Locations: Australia

☆ Gen Z is ditching dating apps to meet people in real life. Here are 4 top tips.
▼ + stars: | 2024-07-02 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

Gen Z is tired of dating apps and would prefer meeting people in real life, but the tech-savvy generation isn't as experienced with navigating romance in person. Dating apps have been losing their appeal amongst singles in recent years, especially Gen Z, the generation born between 1997 and 2012. "It feels like signing up for dating apps makes tech boys and Silicon Valley investors richer," Guenther told CNBC Make It in an interview. It's a vulnerable thing to be in real life and go up and approach somebody or ask somebody on a date," Guenther said. Guenther and Courtney Boyer, a relationship and sexuality expert, shared four top tips for Gen Z to meet people in real life.

Persons: Jeff Guenther, Guenther, it's, Gen Z, Zers, Eventbrite, haven't, Courtney Boyer Organizations: CNBC, iPhones Locations: U.S, Silicon

☆ Forget TikTok, influencers say Instagram reels and YouTube shorts are better for creators getting started to grow an audience
▼ + stars: | 2024-07-02 | by ( Shriya Bhattacharya | Amanda Perelli | ) www.businessinsider.com time to read: +4 min

Read previewYouTube, TikTok, Instagram, Snapchat, Threads. Kay, known online as honeybobabear, said YouTube shorts was instrumental in rapidly growing her audience. Others have been making money from ad-revenue sharing on shorts, starting from the program's first month. Related storiesBoth YouTube shorts and Instagram reels have taken a bite out of TikTok's engagement in recent months. "It's doing so well right now, but I think it also depends on the type of content you want to create," she said, adding that for lifestyle content, Instagram is "where it's at."

Persons: —, Janette Ok, Kelly Kay, Arianna Hailey, Kay, Morgan Stanley, Instagram, Hailey, TikTok, she'd, Sofia Bella, couldn't Organizations: Service, Business, YouTube, Brands, Meta, Instagram's Locations: Brazil, Omdia, VidCon

☆ Amazon really wants you to join the family this Prime Day
▼ + stars: | 2024-07-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Read previewAmazon Prime Day is approaching, and as usual, the online retailer is offering a slew of specials for customers during the two-day shopping extravaganza. It also wants you to sign up (and pay for) Amazon Prime at $14.99 a month — and possibly a whole host of other Amazon subscriptions. (The Amazon Fire HD 10 tablet is 46% off this Prime Day, down from $139.99 to $74.99.) "We sell a lot of devices during our Prime Day events," CFO Brian Olsavsky said on an earnings call after Prime Day 2022. AdvertisementFor those with a Prime subscription, Prime Day represents "the new Black Friday," Bartlow said.

Persons: —, gunning, Jeremy Bartlow, haven't, Bartlow, that's, Amazon's, Brian Olsavsky Organizations: Service, Amazon, Business, Consumer Intelligence Research Partners, PA Consulting, Whole Foods, Amazon Music, Kindle, Amazon's Alexa, Big Tech, Apple, US Department of Justice, Microsoft, Walmart, Target

☆ What happens to AI progress if China invades Taiwan? A chat with 'Chip War' expert Chris Miller.
▼ + stars: | 2024-07-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Apple, Nvidia, Qualcomm, AMD, and most other chip designers rely on Taiwan Semiconductor Manufacturing Company to make these crucial components. And its location on the island of Taiwan, which China claims, puts the tech industry and AI's future in a precarious geopolitical position. AdvertisementChris Miller is the author of "Chip War: The Fight for the World's Most Critical Technology." When people understand the true significance of TSMC, they're often pretty shocked at how precarious the chip situation is. But suppose you think there's some chance that it happens.

Persons: Chris Miller, we're, TSMC, couldn't, That's, they've, they're, There's, Jensen Huang Organizations: Service, Apple, Nvidia, Qualcomm, AMD, Taiwan Semiconductor Manufacturing Company Locations: Taiwan, China, Russia, Ukraine, South China, Philippines, Beijing, Taiwan Strait, Washington, Tokyo

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Persons: You'll, Chase, —, cardholders, you've, you'll, we've, Katherine Fan, Katherine, Guy, Nerdwallet, Fortune, Katherine moonlights, she's, She's Organizations: Amazon, Visa, Foods, Read, Chase Travel, Amazon.com, FDIC, Prime, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan

☆ 'Shadow Stand-Ins': How Workers Secretly Outsource Their Jobs
▼ + stars: | 2024-06-30 | by ( Rob Price | ) www.businessinsider.com time to read: +20 min

Related storiesThough Remi recruited people she knew, shadow stand-ins are often sourced from a complex online web of faceless providers. Facebook Groups are a popular forum for recruiting shadow stand-ins, providing a two-sided marketplace where workers and providers can connect to one another. The dustup highlighted a key drawback to shadow stand-ins: While alluring, things can go horribly wrong. "It required a lot of micromanaging," said a backend engineer in Pennsylvania who hired shadow stand-ins to help him juggle multiple jobs. Pay rates for shadow stand-ins are "definitely more than what people earn in their regular payday, that's for sure," he said.

Persons: Remi, Zer, couldn't, — Remi, Walter Keane, Margaret, Tim Ferriss, Raj Kumar, isn't, Kevin, Andrew, it's, Lorenzo Matteucci, Brandon Nowak, —, Amber Clayton, Tim Woodruff, Woodruff, they're, Ranjan, Kiran, Rahul, Peter Steele, Michel Anteby, doesn't Organizations: Business, Labor, Verizon, Southwestern, Facebook, Amazon Web Services, BI, Companies, Corporations, Society for Human Resource Management, Secret Service, Department of, Treasury, FBI, LinkedIn, Boston University Locations: Chicago, India, Pakistan, China, Southwestern US, Atlanta, San Jose , California, Bengaluru, American Java, Southeast Asia, United States, Colorado, Southern California, Pennsylvania, Washington, Indian, Michigan, Oregon, England

☆ VCs clamor to invest in the red-hot early-stage round for AI safety startup Haize Labs
▼ + stars: | 2024-06-29 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewHaize Labs, an AI safety startup, is raising an early-stage round that investors are clamoring to invest in, Business Insider has learned. However, for hot startups, there can be more investor demand than a startup can accommodate, as with Haize Labs' round. One source indicated that Haize Labs received term sheets with valuations ranging from $30 million to over $100 million. Haize Labs is building automated red-teaming and stress-testing algorithms to identify risks in AI models and agents. AI safety has increasingly become a concern, especially as AI usage increases among both consumers and enterprises.

Persons: —, Leonard Tang, VentureBeat, OpenAI, Sama, Steve Li, Richard Liu, Tang Organizations: Service, Business, Haize, Haize Labs, Soma, Google, Netflix, Harvard, Carnegie Mellon, Washington Post

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