DIRS.INFO The most relevant business & tech news

☆ Why CTOs have the biggest job on Wall Street right now. Tech leaders from Goldman and Citadel open up about how the job is evolving in the age of AI.
▼ + stars: | 2024-08-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

"The most powerful part of the AI story thus far is the chief technology officer, chief information officer," Griffin said at the Milken Global Institute. At the most profitable hedge fund of all time, that person is Umesh Subramanian, Citadel's chief technology officer. But in the age of generative AI, the role of the CTO has evolved into something that reaches far beyond the back office. Nearly two years after OpenAI introduced ChatGPT, finance firms are still trying to figure out the best ways to leverage generative AI for their own businesses and workers. Related stories"The level of investment right now in AI, trickling down the whole value chain, is no longer only a technology investment," Argenti said.

Persons: —, Ken Griffin, Griffin, They've, Subramanian, OpenAI, it's, Andrew Chin, AllianceBernstein, Goldman Sachs, Marco Argenti, Chin, Wells, Bridget Engle, Engle, Keri Smith, Argenti, Citadel's Subramanian, Wall, Accenture's Smith, AllianceBernstein's Chin, Goldman's Argenti Organizations: Service, Citadel, Milken Global Institute, Business, BNY Mellon, Goldman, Amazon Web Services, Management, Accenture, Tech, Wall Locations: Wall

☆ Goldman Sachs CIO Marco Argenti says Wall Street's 'next big wave' in AI will come down to culture, not just technology
▼ + stars: | 2024-07-29 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

In as soon as three years, there probably won't be an employee at Goldman Sachs who isn't touched by AI, predicted Goldman Sachs' chief information officer, Marco Argenti. The hypothesis (which Argenti conceded is "completely not scientific") goes to show the incredible momentum of generative AI on Wall Street. Goldman, like its peers up and down the Street, put generative AI tools in the hands of their software engineers to help them write and document code faster. Now, Argenti is looking ahead to "the next big wave" in Goldman's AI journey: front-office workers. What do you think will be different about how Goldman adopts generative AI versus your competition?

Persons: Goldman Sachs, Marco Argenti, Argenti, Goldman, copilot, We're, We've Organizations: Service, Business, Wall

☆ Elon Musk's Favorite Dating App Is Run by the Tokyo Government
▼ + stars: | 2024-07-25 | by ( Eliza Relman | ) www.businessinsider.com time to read: +14 min

Grace, a 29-year-old publicist in New York, has regularly used a slew of dating apps for more than four years, with little luck. Among millions, a consensus is forming: Dating apps suck so bad that they might even be deliberately keeping us from finding love. In Tokyo, the city government is even releasing its own dating app, part of a campaign called Tokyo Futari Story ("futari" means couple). Bouke de Vries, an associate professor of philosophy at Ghent University in Belgium who's studied dating apps, argues that state-run dating apps are at least in theory better positioned to help people find partners without spending too much money or time in the process. Last year, Japan's most popular dating app, the Match Group-owned Pairs, began collaborating with several prefectures and cities.

Persons: Grace, She's, it's, who'd, Tinder, Damona Hoffman, Bianca Stelian, Ryan Clarkson, —, They've, Ali Jackson, Bouke de, cupid, Bouke de Vries, Belgium who's, de Vries, Omar Minami, Cheryl Drury, They're, Francesca Katayama, Junko Yamada, Yamada, Elon Musk, I'm, Justin Garcia, Garcia, what's, there's, Eric Adams, Adams, Eve Organizations: Raya, Forbes, League, Match, Children, Families Agency, Ghent University, Government, National, Insurance, Rissho University, Department of Health, Human Services, Conservatives, Trump, PAC, Indiana University, Kinsey Institute, Match Group, Republican, Kinsey, New, New York City — Locations: New York, New York City, Japan, Australia, America, Saitama, Tokyo, Bouke de Vries, Belgium, Singapore

☆ How Coca-Cola is using the Olympics to reach Gen Z as the beverage giant nears 100 years of sponsoring the Games
▼ + stars: | 2024-07-24 | by ( Tiara White | ) www.businessinsider.com time to read: +5 min

Read previewThe Coca-Cola Company is leveraging the 2024 Paris Olympics to connect with Gen Z as it approaches 100 years of sponsoring the Games. In Paris, Coca-Cola organized six free concerts to appeal to younger audiences during the 2024 Olympic Games and Paralympic torch relays. Though the company said it considers Gen Z when creating campaigns, its Olympics marketing caters to all audiences. The Coca-Cola CompanyCola-Cola chose the athletes it's working with based on whether they share the same values as its campaign, "Celebrating Everyday Greatness." As such, Ross said an athlete doesn't have to be a gold medalist or have a huge social-media reach.

Persons: —, Powerade, Brad Ross, Ross, Brooke Raboutou, Jordyn Barratt, Simone Biles, Katie Ledecky, Bianca Costa, Angela Ruggiero, Sarah Rice, Athing Mu, Alex Morgan, doesn't, Manolo Arroyo Organizations: Service, Cola Company, Games, Business, Cola, Paris Games, International Olympic Committee, North America, Olympics, Olympic Games, US Olympic, Coca, Olympic, Paralympic Games Locations: Costa Coffee, Paris, North, Lujipeka, Costa, South Africa, New Zealand, France, India, US

AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

☆ I tried 5 ways to add protein to my coffee. Egg whites were good, but the best add-in was completely undetectable.
▼ + stars: | 2024-07-23 | by ( Meredith Schneider | ) www.businessinsider.com time to read: +1 min

I tried five different ways to add protein to my coffee to see if I could find a new go-to. Although I still like whey protein powder, collagen is my new favorite protein booster. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Luckily, my social-media feeds have been full of "proffee" (protein coffee) recipes lately, and it turns out the internet trend actually has some merit. "Consuming protein along with coffee can help to stabilize blood-sugar levels," registered dietitian Bianca Coats told Business Insider.

Persons: —, Bianca Coats Organizations: Service, Business

☆ Caroline Marks, U.S. prodigy, has reached surfing’s peak — is Olympic gold next?
▼ + stars: | 2024-07-23 | by ( Lukas Weese | ) www.nytimes.com time to read: +7 min

Marks describes it as “painting a picture.”“When you’re on the wave, you’re very free,” Marks said. Marks is on the U.S. Olympic surfing team for the 2024 Paris Games. This earned Marks a spot on the inaugural U.S. Olympic surfing team in Tokyo. She arrives in Tahiti 10 days before the Olympic surfing competition begins. (Top illustration: Dan Goldfarb / The Athletic; photos: Ed Sloane, Thiago Diz / World Surf League via Getty Images)

Persons: Caroline Marks, Marks, ” Marks, “, There’s, Caroline, Caity Simmers, Luke, Marks ’ ascendence, Carissa Moore, Bianca Buitendag, Japan’s Amuro Tsuzuki, ” Caroline Marks, Sean M, ”, Joy, don’t, you’re, Moore, Tara Davis, Caitlin Simmers, Tyler Wright, Marks didn’t, It’s, She’ll, she’s, Dan Goldfarb, Ed Sloane, Thiago Diz Organizations: Paris Games, Nature . Board, Surf League, U.S, Olympic, Eiffel, Calif, America Prime, South, Olympic Games, El, El Salvador Surf City, Tahiti Pro, Getty Locations: Tahiti, Tokyo, Melbourne Beach, Fla, San Clemente, South African, El Salvador, Lower Trestles, Calif, California, Florida

☆ An FCC ruling has cut prison phone bills in half, disrupting the correctional telecommunications industry
▼ + stars: | 2024-07-22 | by ( Narimes Parakul | ) www.businessinsider.com time to read: +6 min

In order for people in prison to use phone or video calls to chat with family, the person on the other line must pay. As of 2021, according to research by the Prison Policy Initiative, they've paid an average of $3 for a 15-minute phone call. The new rules will force a business model change for correctional telecommunications companies as they contend with an estimated $500 million loss in revenue, according to Worth Rises. Only five states have passed legislation to make jail phone calls free, according to Prison Legal News. Wanda Bertram, a communications strategist for the Prison Policy Initiative, said prisons tend to negotiate better contracts with telecommunications companies and, therefore, tend to have better rates for prisoners.

Persons: —, they've, Peter Wagner, Viapath, ICSolutions, –, Bianca Tylek, Wanda Bertram, Paul Wright Organizations: Service, Federal Communications Commission, Business, FCC, Correctional, Worth, Connect, PBS, Companies, Human Rights Defense Center Locations: ICSolutions, New York , Ohio, Rhode

☆ Quant prop-trading firm Hudson River Trading hopes to supercharge its trading power by partnering with Google Cloud
▼ + stars: | 2024-07-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

New York-based Hudson River Trading is best known for its market-making capabilities. Hudson River Trading winning any trade over its competitors, like Citadel Securities, Virtu, and Jane Street, comes down to its pricing engine. To help it get there, Hudson River Trading turned to Google Cloud, where its quants have been conducting their research for several months without the constraints of an on-premise environment. "Google Cloud allows us to do that without limits to computing power." Advertisement"In other words, what I'm saying is that we need to predict the future of the stock market," Dunning said.

Persons: —, Jane Street, Iain Dunning, Kevin Lee, Dunning, Ken Griffin's, Italo Brito, Brito Organizations: Service, Hudson, Hudson River Trading, Citadel Securities, Virtu, Business, Trading, Google, Nvidia, HRT, Sigma Locations: New York, Hudson

☆ Competitions and pig roast prizes: Here's how private equity firm THL is getting its portfolio companies to embrace generative AI
▼ + stars: | 2024-07-16 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

It's a juicy prize for winning a generative AI coding competition hosted by Inriver's owners, private equity firm Thomas H. Lee. It's one way the Boston-based buyout firm has been able to implement generative AI coding assistants among its portfolio of middle-market companies. The goal is to accelerate software development so that portfolio companies can do more work with the same amount of resources. He also persists that deploying generative AI coding assistants is not a cost exercise, but a means to productivity. Now, the key for the SRG is educating portfolio companies on what problems AI can fix and which it can't.

Persons: Thomas H, Lee, Mark Benaquista, Benaquista, THL, Github, Alex Sabel, Sabel, Jagjit Singh, He's, Singh, it's Organizations: Service, THL's Strategic Resources Group, Engineering, THL, Boston, Apple Watch, Apple Locations: Philippine, Boston, genAI, India, Netherlands, Philippines

☆ Wimbledon 2024: Jasmine Paolini takes on Barbora Krejčíková in women’s final with both players already breaking new ground
▼ + stars: | 2024-07-13 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +5 min

CNN —The 2024 Wimbledon women’s singles final is set: Jasmine Paolini will battle Barbora Krejčíková for the right to lift the iconic Venus Rosewater Dish for the first time in either of their careers. Paolini has already made history by becoming the first Italian woman to make the Wimbledon final and is seeking her maiden grand slam title after falling short in the French Open final last month. Paolini recently went on a surprise run to the French Open final, upsetting former Wimbledon champion Elena Rybakina in the quarterfinals and defeating 17-year-old rising star Mirra Andreeva in the semis. Coming into Wimbledon as the seventh seed this year, Paolini had never won a match on the lawns of SW19. A three-time finalist at the All-England Club, Novotná won the Wimbledon title in 1998 and passed away from cancer in 2017.

Persons: Jasmine Paolini, Barbora Krejčíková, Świątek, Coco Gauff, Markéta Vondroušová, Aryna Sabalenka, Paolini, Roland Garros, Elena Rybakina, Andrej Isakovic, E.T, Anna Kalinskaya, hasn’t, Andreeva, Bianca Andreescu, Madison Keys, Emma Navarro, Donna Vekić, Henry Nicholls, ”, “ I’m, Krejčíková, Anastasia Pavlyuchenkova, Danielle Collins, Rybakina, Sean M, Jana Novotná, Novotná, “, Jana Organizations: CNN, Wimbledon, Getty, ESPN, Paolini, Italian, WTA, Dubai Championships, French, Vekić, WTA Tour, Indian Wells, England Locations: AFP, Wimbledon, Czech, Indian, Miami

☆ Insider Today: New status symbols
▼ + stars: | 2024-07-13 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Business Insider's docuseries, "Quiet on Set," just won the Television Critics Association Award for Outstanding Achievement in News and Information. AdvertisementAt least that's what Denver meteorologist Chris Bianchi told Business Insider's senior science reporter Morgan McFall-Johnsen. Markus Thoenen/Getty ImagesTen better getawaysIt's the busiest time in the travel season, and international travel is especially hot. AdvertisementMore of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.

Persons: —, Dan Schneider's, it's, SEAN GLADWELL, Chris Bianchi, Morgan McFall, Johnsen, Bianchi, Morgan, Jenny Chang, Rodriguez, Markus Thoenen, Bianca Bagnarelli, Tyler Le, Abanti Chowdhury, Rashida Jones, Nicholas Cage's, Rebecca Zisser, Nordstrom cardholders, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Amanda Yen Organizations: Service, Television, Nickelodeon, Business, Denver, Getty, Apple, Max, Nordstrom, Amazon Locations: New, United States, Ticino, Switzerland, Italy, AirPods, Whitestrips, New York, New York City

☆ Affirm's CEO opens up about the buy-now, pay-later company's IPO and why he doesn't sweat when the stock slumps
▼ + stars: | 2024-07-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Max Levchin, Affirm's CEO and a PayPal alum, shares advice for founders considering going public. As a buy-now, pay-later company, Affirm's business model was built on the promise of repayment as it enabled consumers to finance their online purchases. As the pipeline of IPOs starts to build up again, including the anticipated debut of Affirm's buy-now, pay-later rival Klarna, Business Insider spoke with Levchin about Affirm's IPO. It's not uncommon to see startups hiring executives such as a president or CFO in anticipation of going public. Since Affirm's CFO and chief legal officer largely spearheaded the IPO process, Levchin said he was left to focus on the company's short- and long-term plans for the capital.

Persons: Max Levchin, —, Levchin, Affirm's, he'd, PayPal, It's Organizations: Nasdaq, PayPal, Service, Business, underwriters

A CNN investigation found that Airbnb consistently fails to protect its guests despite knowing hidden cameras are a persistent concern within its industry. Video Ad Feedback A woman describes the moment she realized her Airbnb host had placed a hidden camera in her room. And, while hotels can be held legally responsible for guests harmed on their property, Airbnb frequently is not. In January, CNN began reaching out to former Airbnb employees to ask about hidden camera concerns within the industry. “Less than a month for every victim,” said Wyzynajtys, the guest who found Allee’s hidden camera.

Persons: Airbnb, ”, Brian Chesky, Chloe LeBrument, “, LeBrument, … it’s, Bianca Zuniga, Goldwater, “ I’ve, Comfort , Texas David Wyzynajtys, Airbnb’s, Wyzynajtys, ” Wyzynajtys, David Wyzynajtys, Austin Steele, CNN Wyzynajtys, Jay Allee, Allee, –, Vrbo, CNN Allee, Butch Matjeka, ” Matjeka, Kim van Sparrentak, Murray Cox, Cox, Shannon Schott, “ They’re, They’re, ” Schott, Jan Schakowsky, Kyung, ’ Allee, didn’t, Airbnb superhost Peter Madden, Madden, he’d, “ I’m, ” Madden, undressed, Patricia DiCarlo, Matt Lait, Logan Whiteside, Yahya Abou, Ghazala Organizations: CNN, Social, ” CNN, Hyatt Hotels Corporation, Marriott International, Ontario Airbnb, Police, Sheriff’s, European Union, EU, Communications, Facebook, Illinois, Democratic, Airbnb’s San, Attorney, Westbrook Police, Vrbo Locations: Texas, San Francisco, London , Ontario, Ontario, Comfort , Texas, Jay Allee Kendall, Allee’s, California, Kendall, Allee, United States, New York, York, Florida, Airbnb’s, Airbnb’s San Francisco, Chesky, Melbourne, Australia, Maine, Cumberland County

☆ He dropped out of Princeton and wrestles with imposter syndrome. Inside the unusual rise of a Wall Street tech banker.
▼ + stars: | 2024-06-28 | by ( Emmalyse Brownstein | Bianca Chan | ) www.businessinsider.com time to read: +12 min

Read previewAs a kid, Rob Chisholm was not drawn to the fast-paced, jet-setting life of a Wall Street banker. Well, maybe if I wanted to be an investment banker or something, I would care about that, Chisholm remembers thinking. Chisholm, on the other hand, is very open about his unorthodox path to Wall Street and the resulting feelings of being an outsider. AdvertisementWhen Chisholm was in college, he rejected the "cliche" of going to an Ivy League and getting a job on Wall Street. At the time, Chisholm admitted, Wall Street seemed like the "complete opposite in terms of the culture and the incentives" he thought he wanted.

Persons: —, Rob Chisholm, Chisholm, Goldman Sachs, Frank Quattrone, Eager, dealmakers, he's, Wall, Goldman, I've Organizations: Service, Wall Street, Princeton, Business, Ivy League, Citi, Qatalyst Partners, Middlesex, Princeton's, Middlebury College, ACG Partners, Deutsche Bank, Investment Locations: Canada, Antigonish, Nova Scotia, Massachusetts, Vermont, Boston, San Francisco, tooting

☆ Fake Signatures and ‘Good-Faith Letters’ Fuel a Lucrative Campaign Haul
▼ + stars: | 2024-06-24 | by ( Jay Root | Bianca Pallaro | ) www.nytimes.com time to read: +1 min

When an unheralded candidate for the State Assembly submitted a six-figure request for matching funds under New York’s new public campaign finance system, it came with glaring red flags. Of nearly 300 contribution cards turned in by the candidate, Dao Yin, only nine had donors’ phone numbers or email addresses as required under the system’s guidelines. But in April, the board threw Mr. Yin a lifeline, allowing him to submit copies of “good-faith letters,” documenting his supposed attempt to obtain the missing information from the donors. The board soon sent him $162,800 in matching campaign funds, the eighth-highest amount awarded to a State Assembly candidate running this year. The board said no other state candidate has used the good-faith letters; neither Mr. Yin nor regulators provided any evidence that he had sent them to any of the donors in question.

Persons: Dao Yin, Yin’s, Yin Organizations: State Assembly, New, Campaign Finance Board, The New York Times, Assembly

☆ Behind Balyasny's training program that gives analysts a crash course in data science and AI
▼ + stars: | 2024-06-23 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

"Five, 10 years from now, it's going to be table stakes to know Python, to know a lot of these AI tools that are being generated today. And that's exactly what the 6-month program, called Bridger, strives to do. It gives sell-side analysts from research firms, investment banks, and consultancies the chance to build up their technical chops. The program also creates a pipeline of analysts at a time when investing talent among hedge funds is competitive and expensive. While learning to code was always part of the curriculum, this year it added AI skills to the program.

Persons: it'll, Will Scott, Scott, Bridger, Balyasny, Bridger alums, Stephen McGee, McGee, wasn't, Nicole Goldin's, Goldin Organizations: Service, Balyasny, Management, BAM, Bridger, JPMorgan, Columbia University Locations: Bridger

☆ Denied the 'right to hug': In many U.S. jails, video calls are the only way detainees can see loved ones
▼ + stars: | 2024-06-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dan_Headshot.Jpg | Dan Slepian | ) www.nbcnews.com time to read: +13 min

Reekila Harris-Dudley during a video call with her family at Genesee County Jail in Flint, Mich., on June 10. In recent years, hundreds of jurisdictions around the United States have eliminated in-person visits, making a video screen the only way detainees can see their loved ones. The financial allure of video visitation was clear to local officials when the technology was first introduced in Genesee County a decade ago. In Genesee County, video calls are free — if the “visitor” travels to the jail and uses a screen there. The video visitation scheduling kiosk at Genesee County Jail in Flint, Mich., on June 10.

Persons: Reekila Harris, Dudley, “, Harris, Dudley couldn’t, Lester Holt, Alec Karakatsanis, ”, Brenda, Phillip Dudley, Brenda Dudley, When’s, ’ ”, I’m, ” Reekila Harris, —, Wanda Bertram, Bianca Tylek, Julie Poehlmann, “ Young, ” Poehlmann, Karakatsanis, they’re, ViaPath, Securus, Chris Swanson, Swanson, Holt, Swanson —, ” Swanson, George Floyd’s, “ We’re, Kenzi Abou Organizations: NBC, Mastercard, ” Private, Technologies, NBC News, Genesee County’s, ViaPath, Initiative, PPI, Worth, U.S . “, University of Wisconsin, Michigan, “, Genesee, Genesee County Sheriff's, St, Karakatsanis Locations: Genesee, Flint , Michigan, America, Genesee County, Flint, Mich, United States, “, Genesee County Jail, Michigan, Travis, Texas, U.S, Madison, Clair County

As the festival draws near, there are still a few avenues for how to buy HARD Summer Musical Festival 2024 tickets. We've got you covered if you're looking for how to get tickets for HARD Summer Music Festival 2024. Hard Summer Music Festival 2024 scheduleThere are three general ticket options for the 2024 HARD Summer Music Festival. How much are Hard Summer Music Festival tickets? The festival website also offers tickets for shuttles to the 2024 HARD Summer Music Festival, with prices for this feature beginning at $62.05.

Persons: Nelly Furtado, Fisher, Chris Lake, We've, Jamie XX, Seth Troxler, Chris Stussy, Hamdi, San, Chloé Caillet, Trucco, Carola, Cole Knight, Bianca, Hayes Bradley, Nazaar, Major Lazer, Sofi, Kenny Beats, Eli Brown, Dillon Francis, Matroda, DJ Heartstring, Kerri Chandler, Juelz, Beltran, Levity, SOSA, DJ Susan, ALLEYCVT, Camden Cox, Gudfella, Mary Droppinz Organizations: Business, Hollywood, Subtronics, Beltran B2B Locations: Angeles, Los Angeles, CA, Lake Hills, Panteros666

☆ JPMorgan's Lori Beer just added 2 new tech leaders to her ranks. Meet the team behind the bank's AI future.
▼ + stars: | 2024-06-13 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Shivananda held the same position at PayPal and will report to Lori Beer, JPMorgan's global chief information officer. AdvertisementIn April, Manoj Sindhwani was tapped to be the chief information officer of the Chief Data and Analytics Office. The new additions to Beer's leadership table are a sign that America's biggest bank is placing key executives who will play a crucial role in JPMorgan's AI future. A key piece to the AI puzzle is the Data and Analytics organization, formed last June and led by Teresa Heitsenrether, JPMorgan's firmwide chief data and analytics officer. Business Insider mapped out key tech executives at JPMorgan who report to Beer and help her lead the bank's massive tech org.

Persons: —, Andrew Lang, who's, Shivananda, Lori Beer, Manoj Sindhwani, Sindhwani, Jamie Dimon, JPM, Dimon, Teresa Heitsenrether, JPMorgan's, Beer Organizations: Service, JPMorgan, Sri, Business, PayPal, Analytics, Amazon, Amazon Alexa Locations: Sri Shivananda

☆ Here's what payment companies like Visa, Block, and PayPal are paying AI workers to combat fraud and improve customer experience
▼ + stars: | 2024-06-11 | by ( Alex Nicoll | Bianca Chan | ) www.businessinsider.com time to read: +2 min

The generative AI boom is already having a big impact on payments companies like Visa. Generative AI is being used to reduce fraud and improve the customer experience. Here's how much firms like Capital One, Visa, and PayPal offer to pay AI workers. At Visa, one AI tool that detects fraud prevented $27 billion in fraudulent purchases in 2022, the company told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Visa, PayPal, Service, Business

☆ A Candidate Got $162,000 in Public Money. His Secret: Fake Donors.
▼ + stars: | 2024-06-11 | by ( Jay Root | Bianca Pallaro | ) www.nytimes.com time to read: 1 min

A taxi driver, Ahmad Zadran, was listed as a $40 donor to the candidate, Dao Yin. Mr. Zadran’s brother was shown as giving $25; his son, Raheem Zadran, was listed as giving $50. Under New York State’s new generous system for publicly financing political campaigns, Mr. Yin claimed the Zadrans’ modest donations as eligible for $1,380 in matching funds. Yet in interviews, the Zadrans said they had not given money to Mr. Yin, nor had they even heard of him. “This is crazy,” Raheem Zadran, 27, said.

Persons: Ahmad Zadran, Dao Yin, Zadran’s, Raheem Zadran, Yin, ” Raheem Zadran, “, ” Organizations: Assembly, York Locations: Flushing , Queens

☆ A Reporter’s Work Helped Topple Presidents. Now He Is Being Investigated.
▼ + stars: | 2024-06-10 | by ( Genevieve Glatsky | Bianca Padró Ocasio | ) www.nytimes.com time to read: 1 min

One of Latin America’s most celebrated journalists, whose work has toppled presidents and set off criminal investigations into government wrongdoing, was recovering from an aggressive bout of chemotherapy when he got more bad news: A Peruvian prosecutor was investigating him for bribery. The journalist, Gustavo Gorriti, 76, the top editor at an investigative news media organization in Peru, is no stranger to trouble. In the 1990s, he was kidnapped by members of a secret death squad that Peruvian investigators later determined was headed by former President Alberto Fujimori. Mr. Gorriti had spent years reporting on corruption and human rights violations by the Fujimori’s government. More recently, he helped expose an enormous bribery scandal known as Operation Carwash that has led to the arrest and resignation of government officials across Latin America.

Persons: Gustavo Gorriti, Alberto Fujimori, Gorriti Locations: Peru, Latin America

☆ En Perú, un periodista ayudó a derrocar presidentes. Ahora es investigado
▼ + stars: | 2024-06-10 | by ( Genevieve Glatsky | Bianca Padró Ocasio | ) www.nytimes.com time to read: 1 min

Thank you for your patience while we verify access. Already a subscriber? Want all of The Times?

Organizations: The

Mike Kratky, 33, Leerink PartnersLeerink PartnersSector: Medical devices and technologyKratky's young career underwent a major shift in March 2020 — and it wasn't remote work. The Colgate University graduate thinks he's a better analyst for it because he now understands how readers of his research think. "The stock calls won't always go my way," Kratky said. All eight of the outperform-rated medtech stocks Leerink has covered since October have outperformed the S&P 500 and their industry index. The medtech industry is experiencing rapid change, particularly with the advent of GLP-1 drugs that treat obesity and diabetes.

Persons: Mike Kratky, Kratky, Leerink, He's, he's, Kratky's, — James Faris Organizations: Leerink Partners Leerink Partners, Nasdaq, Riley Securities, Colgate University, Tandem Diabetes Care Locations: Leerink

Search resuls for: "Bianca"

25 mentions found