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☆ I Supervised New York City Judges. Juan Merchan Put on a Master Class. - The New York Times
▼ + stars: | 2024-06-02 | by ( George Grasso | ) www.nytimes.com time to read: +1 min

I supervised judges presiding over a wide spectrum of cases, dealing with complex legal issues, angry victims, difficult defendants and intense media scrutiny. And since Donald Trump was found guilty on 34 counts, Justice Merchan has come under further vicious attack. As a retiree, I was able to attend each day of the Trump trial. Since the indictment over the cover-up of hush-money payments was issued last year, Justice Merchan has been subjected to an unrelenting pressure campaign. Most judges strive to maintain their composure under the greatest of stress, but few succeed — yet Justice Merchan remained cool, calm and collected at every step of the trial.

Persons: Juan Merchan, Donald Trump, Merchan, Trump Organizations: Bronx . Locations: Brooklyn , Queens, Bronx, Manhattan, America

☆ Eli Lilly's Wegovy rival Zepbound will help make weight-loss drug market worth $130 billion by 2030, Goldman Sachs says
▼ + stars: | 2024-06-02 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The anti-obesity drug market will be worth $130 billion by 2030, Goldman Sachs said. New products such as Eli Lilly's Zepbound prompted the bank to raise its forecast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe market for weight-loss drugs such as Ozempic and Wegovy will keep surging due to new products including Eli Lilly's Zepbound, according to Goldman Sachs. In a research note the bank forecast that the sector will be worth $130 billion by 2030 — $30 billion higher than its previous projection.

Persons: Goldman Sachs, Eli Lilly's Zepbound, —, Wegovy, Eli Lilly, Chris Shibutani Organizations: FDA, pharma, Service, Nordisk, Business Locations: Danish

☆ These are JPMorgan's 11 must-read books for the summer, from AI to Formula 1
▼ + stars: | 2024-05-31 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

JPMorgan just published its 25th annual summer reading list. The bank suggests 11 titles it believes capture a world experiencing "radical shifts." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . JPMorgan Asset and Wealth Management's chief communications officer Darin Oduyoye touted the bank's picks as an attempt to capture a world experiencing "radical shifts." This story is available exclusively to Business Insider subscribers.

Persons: Matt Damon, —, Darin Oduyoye Organizations: JPMorgan, Service, Wealth, Business

☆ Trump is a convicted felon. Here's what it means for the former president.
▼ + stars: | 2024-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."

Persons: —, Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London

☆ Actor Nick Pasqual accused of stabbing Hollywood makeup artist
▼ + stars: | 2024-05-30 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —An actor who has appeared in film and TV projects like “Rebel Moon” and “How I Met Your Mother” has been arrested and charged with stabbing his estranged girlfriend multiple times. He is accused of stabbing his estranged girlfriend on May 23 at her home in the Sunland neighborhood of Los Angeles. “My thoughts and heartfelt sympathies are with the victim in this horrific incident,” District Attorney George Gascón said in a statement. We will ensure that the individual responsible for this egregious act is held accountable for their actions.”According to a news release from Gascón’s office, Pasqual broke into the home of his estranged girlfriend, who had recently filed a restraining order against Pasqual. While the district attorney’s office did not identify the victim, she is a 35-year-old Hollywood makeup artist, according to CNN affiliate KABC.

Persons: ”, Nick Pasqual, cohabitant, George Gascón, Pasqual, ” Pasqual Organizations: CNN, Angeles County, Attorney’s Office, Pasqual, Services, KABC Locations: Sunland, Los Angeles, Hollywood, Sierra Blanca , Texas, Los Angeles County

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

☆ Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds
▼ + stars: | 2024-05-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewSaudi Arabia plans to raise money by selling bonds as it presses ahead with massive spending projects, Bloomberg reported. Riyadh previously sold $12 billion of sovereign debt in January, while planned desert megacity Neom has also reportedly mulled issuing Islamic bonds in a bid to raise more cash. AdvertisementThe latest bond sale comes as Saudi Arabia presses ahead with Mohammed bin Salman's Vision 2030 plan that seeks to diversify its oil-reliant economy. In February, The Wall Street Journal reported that Saudi Arabia had started borrowing to help fund Neom and other Vision 2030 "gigaprojects."

Persons: —, Goldman Sachs, Mohammed bin Salman's, Cristiano Ronaldo, Karim Benzema, Neymar, LIV, Tim Callen Organizations: Service, Bloomberg, Business, Citigroup, BNP, Saudi Pro League, Street Journal, Gulf States Institute Locations: Saudi Arabia, Riyadh, Washington, Saudi

☆ A billionaire's kids plan to build beachfront mansions to revive Dubai's abandoned World Islands
▼ + stars: | 2024-05-25 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Ali and Amira Sajwani want to revive Dubai's failed World Islands project. They're planning to build 24 mansions, a beach club, and two helipads. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe children of a billionaire Dubai property developer have come up with a plan to revive the emirate's abandoned "World Islands." Ali and Amira Sajwani have teamed up to launch Amali Island, a property development that aims to revive the troubled project by building 24 mansions, a beach club, and twin helipads.

Persons: Ali, Amira Sajwani, Dubai's, Hussain Sajwani, who's, Donald Trump, —, Ali Sajwani Organizations: Service, Bloomberg, Business Locations: Dubai

☆ Welcome to anti-office Fridays and quiet vacationing
▼ + stars: | 2024-05-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the push for WFH Fridays and how that plays into the "quiet vacationing" phenomenon . The big storyAnti-office FridaysHector Roquet Rivero/Getty Images; Jenny Chang-Rodriguez/BIWith all due respect to summer Fridays, we've found a year-round replacement: WFH Fridays. But WFH Fridays' staying power remains to be seen. Which brings us back to WFH Fridays. The end result could be employers saying abuse of WFH Fridays means they need you back in the office… for good.

Persons: —, Hector Roquet Rivero, Jenny Chang, Rodriguez, we've, Insider's Juliana Kaplan, Noah Sheidlower, It's, Taiyou Nomachi, millennials, they've, BI's Kelsey Vlamis, haven't, it's, Momo Takahashi, Goldman Sachs, SEB Research, That's, Andrew Caballero, Reynolds, Isabel Fernandez, OpenAI, Scarlett Johansson, Sam Altman, Y Combinator, Tyler Le, Mark Cuban, Vivek Ramaswamy, Burger King, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett, Laine Napoli Organizations: Service, Business, Workers, Companies, RBC Capital, Pujol, BI, Microsoft, Google, Bloomberg, Finance Ministers, Central Bank Governors Locations: Dublin, Germany, Meta, BuzzFeed, New York, London, Chicago

☆ James Gorman is bringing his 18-year stint at Morgan Stanley to an end
▼ + stars: | 2024-05-23 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Morgan Stanley chairman James Gorman is stepping down at the end of the year. The former CEO revealed his plans at the bank's annual shareholder meeting. Gorman joined Morgan Stanley in 2006 and helped steer the bank through the financial crisis. AdvertisementJames Gorman will leave Morgan Stanley at the end of 2024, bringing an 18-year stint at the investment bank to a close. The chairman revealed his plans on Thursday at the bank's annual meeting, outlets including Bloomberg and Reuters reported.

Persons: Morgan Stanley, James Gorman, Gorman, —, Ted Pick Organizations: Service, Bloomberg, Reuters, Business

☆ Corporate America is going through a middle-management meltdown
▼ + stars: | 2024-05-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Middle managers are becoming an endangered species in Corporate America, with some companies viewing the role as obsolete , writes Business Insider's Lindsay Dodgson. Remote work, tech efficiencies, and a general push to cut costs have contributed to middle managers' demise. It's a strategy Corporate America, particularly Big Tech, deployed in 2023. The "year of efficiency," as Mark Zuckerberg dubbed it, was all about flattening organizations, and middle managers were the ones getting squished . The death of middle managers could also fuel the current dismantling of another cohort: the middle class .

Persons: —, Brooks Kraft, Insider's Lindsay Dodgson, millennials, Gen Zers haven't, Robyn Phelps, they're, Mark Zuckerberg, Gen, Jeffrey Gundlach, we're, Blackstone, Abanti Chowdhury, Jensen Huang, Hopper, Blackwell, Lilit, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Brooks Kraft LLC, Getty, America, Big Tech, Citi, Street Journal, KKR, Meta, Google, Nvidia, Paragon Intel, National Association of Realtors, FAA Locations: Corporate America, millennials, New York, London

☆ Blackstone is set to give workers a stake in the companies it buys
▼ + stars: | 2024-05-22 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Blackstone is set to grant shares to workers at the businesses it buys, The Wall Street Journal reported. It's set to award stock to employees at Copeland, which it bought last year for $14 billion. Other private equity giants including KKR and Apollo also offer equity to portfolio companies' staff. AdvertisementBlackstone is set to start granting stock to its portfolio companies' employees, The Wall Street Journal reported. The private equity giant's plans to give equity to workers at most of the large US-based businesses it buys are expected to be announced at a conference this week.

Persons: Blackstone, It's, — Organizations: Street Journal, KKR, Apollo, Service, Emerson Electric, Business Locations: Copeland

☆ Gen Z isn't lazy — young people just have a different idea of what work means, says Cambridge professor
▼ + stars: | 2024-05-22 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Cambridge University professor Thomas Roulet has hit back at the idea that Gen Z is lazy. He said younger people just have a different idea about what work means to them. JPMorgan CEO Jamie Dimon said people shouldn't "feel so bad" for Gen Z and millennials this week. AdvertisementGen Z is often called lazy — but a Cambridge University professor thinks younger people just have a different idea about what work means. Thomas Roulet, who teaches organizational sociology and leadership at the Judge Business School, defended the generation's work ethic in a video posted on the university's YouTube channel.

Persons: Thomas Roulet, Jamie Dimon, —, Socrates Organizations: Cambridge University, JPMorgan, Service, Judge Business School, YouTube, Business

☆ America's highest-earning CEO was awarded a staggering $162 million last year — but there's a catch
▼ + stars: | 2024-05-21 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Broadcom boss Hock Tan is the highest-earning CEO in the US, per a Wall Street Journal analysis. But Tan has to fulfill certain criteria to get his full $162 million pay package. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmerica's highest-paid CEO isn't Apple's Tim Cook, Tesla's Elon Musk, or Meta Platforms' Mark Zuckerberg — it's Broadcom's Hock Tan, The Wall Street Journal found in an analysis published this week. Tan was awarded $162 million in compensation last year, but it comes with a catch: he'll only receive the full amount if his company's stock hits a certain level by 2025, the WSJ said.

Persons: Hock Tan, Tan, Nikesh Arora, Steve Schwarzman, —, isn't, Tim Cook, Tesla's Elon, Mark Zuckerberg, Broadcom's Hock Tan Organizations: Broadcom, Palo Alto Networks, Service, Journal, Business

☆ Interest rates are still sky-high — but companies aren't feeling the squeeze
▼ + stars: | 2024-05-21 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The Federal Reserve has not started cutting interest rates with inflation still north of 2%. Yet companies haven't found it this easy to borrow cash since 2022, a Chicago Fed index shows. 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 . The Chicago Fed's National Financial Conditions Index, which measures companies' ability to access cash, fell to its lowest level since January 2022 earlier this month.

Persons: haven't, Stocks, — Organizations: Federal Reserve, Fed, Service, Chicago Fed's, Business

☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ It's shaping up to be a tough summer for the stock market, but Nvidia could help salvage things
▼ + stars: | 2024-05-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we examine how this summer is shaping up to be tough for the stock market . Stocks are on track to either remain flat or turn negative going forward , according to two market vets Jennifer spoke to. The pessimism about stocks' future is due to a few factors. Some Nvidia employees are considered to be millionaires SOPA ImagesThere is, however, one company that could salvage things: Nvidia. As the key chipmaker in the space, a win for Nvidia is a win for everyone betting on AI being the future.

Persons: —, Jenny Chang, Rodriguez, Jennifer Sor, Stocks, Jennifer, It's, Jerome Powell, BI's Linette Lopez, Warren Buffett Scott Morgan, Warren, Berkshire Hathaway, Goldman Sachs, Michael Burry, John Paulson, Alyssa Powell, Gen Zers, Instagram, Vincent Sandoval, Getty, Henrik Sorensen, Tyler Le, Larry Ellison, it's, aren't, Cash, Bill Lee, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, New York Knicks, NBA, Business, Getty, Fidelity, Hamptons, Nvidia, Reuters, Berkshire, JPMorgan, Meta, Sciences, Apple, The Locations: Montauk, Berkshire, New York, London

☆ Meet 10 of the world's richest women, worth a combined $500 billion
▼ + stars: | 2024-05-19 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The top 10 women on the Bloomberg Billionaires Index are worth just over $500 billion combined. Walmart heiress Alice Walton and Fidelity CEO Abigail Johnson are both on the list. Take a closer look at some of the world's richest women. AdvertisementL'Oréal's biggest shareholder, a Walmart heir, and the CEO of Fidelity are among the 10 richest women in the world, according to the Bloomberg Billionaires Index. They've each amassed fortunes of more than $25 billion — and are worth a staggering $500 billion combined.

Persons: Alice Walton, Abigail Johnson, — Organizations: Bloomberg, Walmart, Fidelity, Service

☆ The newest weight-loss hack has people turning to a highly addictive drug
▼ + stars: | 2024-05-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how Zyn nicotine pouches are becoming the new weight-loss quick fix . A new weight-loss quick fix is making the rounds just in time for summer's unofficial start (Memorial Day), but this one relies on a highly addictive drug. However, one doctor Hilary spoke to has concerns about the effects of using nicotine to lose weight. Wilson, Amazon, Albany Times Union/Hearst Newspapers/Getty, Creative Crop/Getty, Tyler Le/BIOf course, you don't have to rely on a highly addictive drug to lose weight. Disney CEO Bob Iger said he's giving too much money to the Big Tech app stores that distribute Disney-owned streamers like Hulu and Disney+.

Persons: —, Michael M, Rebecca Zisser, Hilary Brueck, Mia de Graaf, Hilary, they're, They're, Wilson, Tyler Le, I'm, BI's Jordan Hart, padel, Gabby Landsverk, Jamie Dimon Jamie Dimon, Jerome Powell, Bob Iger, Bernstein, Rouco, Zers, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Business, Getty, bros, Albany Times Union, Hearst Newspapers, Creative, CNBC, JPMorgan, GameStop, Disney, Big Tech, Hulu, Google, Big, Microsoft, Wall Street, Citi Locations: Amazon, China, Ireland, Australia, millennials, New York, London

☆ Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
▼ + stars: | 2024-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.

Persons: —, Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London

☆ Here's how billionaires from Mark Zuckerberg to Jeff Bezos celebrate their birthdays
▼ + stars: | 2024-05-16 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The Meta CEO hung out with Bill Gates in recreations of his old bedrooms for his birthday bash. Zuckerberg isn't the only billionaire to celebrate with a lavish — and slightly bizarre — party. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg marked turning 40 this week by channeling his inner Eminem, squeezing into recreations of his old bedrooms, and hanging out with Bill Gates. The Meta CEO isn't the first billionaire to celebrate his birthday with a lavish — albeit slightly bizarre — party.

Persons: Mark Zuckerberg, Bill Gates, Zuckerberg, —, isn't, Jeremy Strong's Kendall Roy, Wu Organizations: Service, HBO, Wu -, Business Locations: Wu - Tang

☆ Gina Rinehart, a mining magnate worth $22 billion, wants her portrait removed from an Australian gallery
▼ + stars: | 2024-05-16 | by ( George Glover | Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Australia's richest woman has demanded an unflattering painting of her be taken down. The portrait, by Vincent Namatjira, shows mining magnate Gina Rinehart with a double chin. The National Gallery of Australia and Namatjira have both rejected Rinehart's request. AdvertisementAustralia's richest woman wants a portrait of her taken down from the country's national gallery, outlets including the Sydney Morning Herald reported. Both mining magnate Gina Rinehart and associates at her company, Hancock Prospecting, have made multiple approaches to the gallery with the demand, the newspaper reported.

Persons: Vincent Namatjira, Gina Rinehart, — Organizations: of Australia, Service, Sydney Morning Herald, Nations, National Gallery of Australia, Business

☆ An AI agent may soon be at your beck and call, but it might cost you a bit of your privacy
▼ + stars: | 2024-05-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at Google's big event that's pitching all the ways AI agents can make our lives easier . Google I/O, the tech giant's biggest developer conference, was heavy on the rise of so-called AI agents , writes Business Insider's Hugh Langley, who was there in person. AdvertisementGoogle's faithful, old search engine got a noticeable facelift with the help of AI , writes BI's Geoff Weiss. Steven Puetzer/Getty, Tyler Le/BIThe stakes for Google are high, as nailing AI agents opens up a massive business opportunity. For AI agents to be so intuitive, they'll need access to seemingly every aspect of our lives.

Persons: —, Tyler Le, you've, OpenAI's ChatGPT, Hugh Langley, Sundar Pichai, Geoff Weiss, Hugh, Alistair Barr, Gregory Wayne, Steven Puetzer, hasn't, Alistair, Demis Hassabis, Minchillo, Keith Gill, Naz Vahid, Andy Sieg's, Noah Berger, Jia Feng, Tingting Ji, Jenny Chang, Rodriguez, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Google, Astra, GameStop, AMC Entertainment, JPMorgan, Citi, Amazon Web Services, Walmart, UPS, Nielsen, Cisco Systems, Warner Bros, Discovery Locations: New York, Dublin, London

☆ GameStop is surging for a second day — but one market guru calls the Reddit-fueled rally a 'speculation orgy'
▼ + stars: | 2024-05-14 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

GameStop shares soared once again ahead of Tuesday's opening bell. Other meme stocks like AMC and BlackBerry have also racked up big gains this week. Market gurus like Jim Chanos and Larry McDonald aren't convinced by the Reddit-fueled rally, though. AdvertisementGameStop and other big-name "meme stocks" kept rising ahead of Tuesday's opening bell — but some of the best-known voices in the market are highly skeptical about the rally. AMC, BlackBerry, and several other meme stocks — notable for their popularity on retail investing forums such as Reddit's r/WallStreetBets — also racked up major gains in early-morning trading.

Persons: Jim Chanos, Larry McDonald aren't, —, Keith Gill's, Gill, Kitty, Keith Gill, Roaring, Lol, Ferris, Larry McDonald, Jerome, Powell's Organizations: GameStop, AMC, BlackBerry, Service, Pirates

☆ OpenAI may have finally cracked the code on voice interactions with AI
▼ + stars: | 2024-05-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.

Persons: —, Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London

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