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Palmer Luckey told MIT Technology Review he's still "sore" about being ousted from Facebook in 2017. Luckey, who founded Oculus VR, has since turned his efforts to Anduril, a defense tech company. AdvertisementPalmer Luckey is still angry about his ousting from Facebook eight years ago — but the billionaire virtual reality guru doesn't blame Meta CEO Mark Zuckerberg. Much of his remaining ire, Luckey told the outlet, is reserved for less well-known people involved in the situation, such as public relations agents, reporters, and lawyers. "Anyway," Luckey told MIT.
Persons: Palmer Luckey, Mark Zuckerberg, , Palmer, Luckey, I'd, I've, it's, It's, Meta —, Facebook —, Donald Trump, Zuckerberg, Zuck, Luckey's, resentments, Andrew Bosworth, Meta Organizations: MIT Technology, Facebook, VR, Service, Meta, Trump, MIT, Reality Labs, Pepperdine University Locations: Luckey, Meta
The California attorney general is investigating the El Monte Union High School District in Southern California. The action follows Business Insider's reporting on a pattern of sexual misconduct at one district school, Rosemead High. Investigators are looking at compliance failures related to "suspected child abuse, sexual abuse, assault." AdvertisementThe California attorney general is investigating a Southern California school district over whether it properly handled claims of educator sexual abuse and misconduct, records reviewed by Business Insider show. Investigating a local school district is a rare step for the top law enforcement office in the state.
Persons: , Kamala Harris, Rob Bonta, Robin Torres, Torres, Edward Zuniga, Mark Abramson, Zuniga, Michael Carrillo, Carrillo, Edwin Reyes, Villegas, Jane Doe, Reyes, Stewart, Jenny Louro, Credentialing, Reyes Villegas, Herbert Ortiznmonroy, Ortizmonroy, Coach Ortiz, Jane, Alex Rai, Rai, Dominique Boubion, Matt Drange Organizations: El Monte Union High School District, Service, Business, BI, Redlands Unified, Redlands, El, Children's, Rosemead, US Department of Education, Manly, California Bureau Locations: California, Southern California, Redlands, El Monte Union, El Monte, Rosemead, El Monte district
Reflexivity is a startup cofounded by two former hedge fund traders. AdvertisementA startup looking to transform how investors and traders use data just received funding from some of the biggest names in the hedge fund world. Reflexivity, formerly known as Toggle AI, just raised its $30 million Series B, the startup announced Monday. Interactive Brokers and Greycroft led the round, which included participation from billionaire investor Stanley Druckenmiller and Greg Coffey, the Australian founder of hedge fund Kirkoswald. AdvertisementIt has a valuation between $115 million and $150 million, Szilagyi said.
Persons: , Greycroft, Stanley Druckenmiller, Greg Coffey, Izzy Englander, Reflexivity, Jan Szilagyi, Szilagyi, George Soros, Giuseppe Sette, Howard, Wells, Szilyagyi, that's Organizations: Service, Interactive, Millennium, Catalyst, P, Business, Druckenmiller's Duquesne Capital Management, Fortress Investment Group, Millennium Management, Soros Fund, London Stock Exchange Group, Federal Reserve Locations: Australian, MUFG, Fargo, Wells Fargo
Trump's Madison Square Garden rally was supposed to be part of a triumphant closing pitch. AdvertisementDonald Trump's rally at Madison Square Garden on Sunday wasn't supposed to be about one comedian's offensive joke about Puerto Rico. "This joke does not reflect the views of President Trump or the campaign," Danielle Alvarez, a senior Trump campaign advisor, said in a statement. Advertisement'I want everyone in Philadelphia to see that clip'It remains to be seen whether and how Puerto Rican voters will respond to what happened on Sunday. Spokespeople for the Harris campaign, along with Senate and House Democrats' campaign arms, did not respond to Business Insider's inquiries as to whether they would.
Persons: it's, , Donald Trump's, Trump, Sid Rosenberg, Doug Emhoff, Tucker Carlson, Kamala Harris, Tony Hinchcliffe, Danielle Alvarez, Harris, Bad Bunny, Mike Nellis, Hinchcliffe, Sen, Rick Scott, Maria Elvira Salazar, Rep, Anthony D'Esposito, Alexandria Ocasio, Cortez, Tim Walz, there's, Nellis, Meta Organizations: Puerto Ricans, Service, Madison, Radio, Malaysian, Trump, Sunday, Puerto, Puerto Rican, Democratic, Reading, Gov, House Democrats, Nellis, Capitol Locations: Madison, Puerto, Puerto Rico, York City, California, Philadelphia, Pennsylvania, Puerto Rican, Florida, Long, While Pennsylvania, North Carolina, Georgia, Bronx, Harris, Alexandria, Cortez of New York, Puerto Ricans, , Washington , DC
In today's big story, the first of our five-part refresher series on the potential impact Donald Trump and Kamala Harris presidencies could have on US consumers. Business Insider's Matthew Fox detailed how Wall Street sees former President Donald Trump and Vice President Kamala Harris affecting the investment landscape if they win the White House. One of the biggest areas where Harris and Trump differ is their proposed tax policies, which are believed to have big impacts on stocks. AdvertisementTrump's universal tariffs proposal is also viewed as having a big impact. It's a big week for Apple.
Persons: , Donald Trump, Kamala Harris, Jenny Chang, Rodriguez, Matthew Fox, Harris, Trump, it's, Alyssa Powell, Joe Biden, Steve Sosnick, Neil Dutta, Goldman Sachs, Morgan Stanley, Rebecca Zisser, Elon Musk, James Yates, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty, BI, White, Bank of America, Interactive Brokers, JPMorgan, Twitter, Elon, Apple, Apple Intelligence, iOS, Venture, Ford Motors, MLB, LA Dodgers, New York Yankees, Forbes Locations: It's, New York, London, Chicago
Insider Today: Millennial money mistake
  + stars: | 2024-10-27 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
Check out tomorrow's edition of Insider Today for the first in a series focused on what a Trump or Harris presidency would mean for your finances. On the agenda today:AdvertisementBut first: A tech CEO puts an end to employees working remotely from Bali. In a memo to staff seen by Business Insider, Markus Villig said all staff would be required to work from the office 12 days a month starting January. Business Insider combed through 1.7 million listings and analyzed thousands of makes and models to understand what drives America. Also read:AdvertisementThe AI Power ListKaran Singh for BIFor the second year running, Business Insider released its list of the most powerful people in artificial intelligence and machine learning.
Persons: , Ford's, Jim Farley doesn't, Trump, Harris, Jenny Chang, Rodriguez, Markus Villig, We've, Automobiles Pete Ryan, we've, Buckle, Jimmy Simpson, millennials, Karan Singh, Natalie Ammari, It's, Marc Benioff Organizations: Business, Service, Today, Automobiles, BI, Federal, Google, Walgreens, Microsoft Locations: Shanghai, Bali, United States, xAI
Andrew Webber's forever war
  + stars: | 2024-10-27 | by ( Sam Fellman | Ryan Pickrell | ) www.businessinsider.com   time to read: +38 min
Like others in Chosen Company, Webber had been drawn to Ukraine for reasons he couldn't quite explain. AdvertisementNow, as Webber and his fellow members of Chosen Company got acquainted in the bar, uncertainty hung over the gathering. One showed an assault team clearing a World War I-style bunker, using live rounds. AdvertisementCats are everywhere on the front lines in Ukraine; Webber rescued one from a building under fire. "It seemed like he had stuff he was working on," says O'Leary, the CO of Chosen Company.
Persons: Andrew Webber, Webber chatted, he'd, Webber, Vera, Gwen, DeeDee, He'd, Jovelle Tamayo, she'd, I'm, hadn't, Rhodesian Bush, Dee Dee, David Roller, Sweeney, Tom Mader, Mader, vomited, patting, Andrew, Matthew James When Webber, wasn't, Karla Stephens, Karla, He's, Dubs, would've, Ryan O'Leary, Thomas Waszak, Elizabeth Gil, Fenwick, , Sayed Zuhoor, Hilarie Atkisson, who's, Joe, O'Leary, Webber wasn't, marveled, Tango, Pervomaiske, Chosen, Wayne Hallatt, Hallatt, Thomas Waszak Wearing, wouldn't, Delta, Lance Lawrence, Lawrence, CeeBee, it's, Webber couldn't, we're, Waszak, Nichole, he's, Sam Fellman, Ryan Pickrell Organizations: White Sox, Chosen Company, Army, Company, corgi, Chosen, French Foreign, Rhodesian, Ranger School, intel, Operating, Taliban, Motorized Infantry Brigade, LinkedIn, Northwestern, Fenwick & West, Big Law, United, Fenwick, Ranger, Volunteers, Delta, AK, 173rd Airborne Brigade, Webber, Business Locations: Ukrainian, Dnipro, Iraq, Afghanistan, Ukraine, America, Seattle, Bakhmut, Washington, West Point, West, Georgia, Afghanistan's, Taliban, Kandahar, Fort Benning, Russian, Donetsk, Pervomaiske, Kabul, United States, Afghan, Russia, German, Delta, Kyiv
Insider Today: Young men's new obsession
  + stars: | 2024-10-26 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +7 min
This week's dispatchThe New York Liberty celebrated their WNBA championship with a victory parade. In June, it was reported that the New York Liberty had the third-highest value in the league ($130 million), and brought in the most revenue last year ($18 million). Wu Tsai made a series of key investments that have paid off. AdvertisementAfter building out a state-of-the-art locker room, Wu Tsai focused on filling out an all-star bench. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.
Persons: , Sarah Stier, it's, they've, Clara Wu Tsai, Joseph Tsai, Wu Tsai, Breanna Stewart, Gris Osses, Edmon De Haro, Elvis Presley's Graceland, Chelsea Jia Feng, Leila Najafi, she's, They're, Valentin Tkach, Josh Hartnett, Tyler Perry's, Bruce Springsteen, Rebecca Zisser, Taylor, she'll, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, New York Liberty, New York, Financial, Minnesota Lynx, WNBA, Liberty, Barclays Center, BI, Warner Bros, Netflix Locations: York, Brooklyn, honeymoons, Canada, New York City, New York, Chicago
In today's big story, inside Amazon's internal pitch for turning to nuclear power to meet its growing energy needs . AdvertisementThat's led Big Tech to consider nuclear power to address its skyrocketing energy requirements. Nuclear power ticks that box better than other clean energy options like solar or wind. Nuclear power, meanwhile, is an industry in desperate need of some love , BI's Daniel Geiger and Ellen Thomas previously reported. From advertising platforms to AI tech companies, here's the startups to watch .
Persons: , Jocko Willink, we've, Jenny Chang, Rodriguez, That's, Business Insider's Eugene Kim, Andy Jassy, it's, Sam Altman, Eugene, BI's Hasan Chowdhury, BI's Daniel Geiger, Ellen Thomas, Jim Burke, Vistra, Chelsea Jia Feng, Elon Musk, Jean Boivin, He's, Marc Benioff isn't, bashed, Miles Brundage, OpenAI, Emma Tucker's, Tucker, Mike Jeffries, SpaceX's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Navy, Big Tech, Amazon, Microsoft, Google, Keystone, Hulton, Constellation Energy, Getty, EV, BlackRock Investment Institute, San Francisco, BI, AGI, Abercrombie, Fitch Locations: Fukushima, Pennsylvania, Arizona, New York, London
Helen Mirren's comments about Kurt Cobain never experiencing GPS went viral. Look at Kurt Cobain — he hardly even saw a computer!" In 2020, Mirren mentioned Cobain in the context of GPS technology in an interview with Oprah's website. "I think about Kurt Cobain and all that he missed. As for why that anecdote is about Kurt Cobain?
Persons: Helen Mirren's, Kurt Cobain, Mirren, Cobain, she's, , Dame Helen Mirren, Oprah Winfrey, Winfrey, Kurt Cobain —, it's, that's Organizations: Service, Mirren, NPR, GPS, Google, Apple, Cosmopolitan, The Daily
Crosby, a partner at Susman Godfrey, is the lead attorney for The New York Times in its closely watched suit against OpenAI and Microsoft, claiming the Times' articles were used to train chatbots that compete with the newspaper. Nationally recognized for his work in IP and tech, Crosby has said he hopes the suit establishes that copyright holders must give permission and be paid for using their works to create AI products, especially ones that compete with journalism. "Nobody wins if AI consumes the livelihoods of creators whose original works make AI possible in the first place," he told Business Insider. OpenAI has called the suit without merit. See Business Insider's full AI Power List
Persons: Crosby, Susman Godfrey, OpenAI Organizations: The New York Times, OpenAI, Microsoft
Epic is the world's largest provider of software for electronic health records, serving about 40% of US hospitals, including leading institutions such as the Cleveland Clinic, Mayo Clinic, and Massachusetts General Hospital. Rana, who's worked at Epic for 26 years and now serves as its head of research and development, leads all the EHR giant's initiatives across AI — from developing algorithms that predict when a patient might develop certain conditions to summarizing doctors' notes. Rana says Epic has more than 100 generative-AI applications live or in the works. He also oversees Epic's partnerships with healthcare AI companies including Microsoft's Nuance and the startup Abridge. See Business Insider's full AI Power List
Persons: who's, Rana Organizations: Cleveland Clinic, Mayo Clinic, Massachusetts General Hospital, Rana Locations: Massachusetts
Parker manages Nvidia's internal sustainability efforts by measuring and managing its water use and its conversion to renewable energy sources. He also evangelizes the potential for AI tools and data science to improve sustainability outside the company. Before joining Nvidia in 2023, Parker worked as a lawyer specializing in ethics and compliance in-house for the data storage company Western Digital and for a tech-focused law firm. He studied electrical engineering before law school at New York University School of Law. See Business Insider's full AI Power List
Persons: Parker Organizations: Nvidia, Western Digital, New York University School of Law
Hanna is a former Google AI ethicist who worked alongside Timnit Gebru, who was fired from the tech giant after voicing concerns about its natural language processing tools. Hanna now oversees research at Gebru's Distributed AI Research Institute. Her work centers on communities most affected by AI. "So it increases that gigification and casualization of work." See Business Insider's full AI Power List
Persons: Hanna, Timnit Gebru, there's, Emily Bender Organizations: Research, University of Washington
Luis von Ahn is the cofounder and CEO of Duolingo, a popular language-learning app with more than 31 million monthly active users. Von Ahn led the development of "Birdbrain", a machine learning model that estimates a user's language proficiency and then personalizes exercises. In 2023, Duolingo launched a new "Max" tier for its language-learning users. This year, Duolingo launched a Video Call feature where learners can practice talking in real time with an AI character. Von Ahn is a former computer science professor at Carnegie Mellon University and the co-inventor of CAPTCHAs, the way to determine if a computer user is human.
Persons: Luis von Ahn, Von Ahn, Duolingo Organizations: Carnegie Mellon University
Venkatesan, the executive vice president and chief technology officer of PayPal, is in charge of the payment company's new AI-driven personalization products. In this role, Venkatesan uses PayPal's 200 petabytes of transaction data to help small businesses and large enterprises sell more products and to help save money for consumers. Before joining PayPal in June, Venkatesan was EVP of the Walmart US Omni Platforms and Tech organization, where he helped use AI to blur the lines between offline and online shopping. See Business Insider's full AI Power List
Persons: Venkatesan Organizations: PayPal, Walmart, Omni, Tech
TSMC halted shipments to a client after its chips were found in Huawei products, per reports. Min-yen Chiang, a researcher, told BI it raises the questions about a "shadow network" of chip supply. TSMC, Huawei, and the Commerce Department did not immediately respond to Business Insider's requests for comments. Related storiesA 'shadow network' of chipsThe report adds to US concerns that Huawei is potentially obtaining advanced chips despite being blacklisted since 2020. "This question is slightly different than whether Huawei got restricted chips from TSMC through illegal channels," she told GZERO Media, a subsidiary of the Eurasia Group.
Persons: Chiang, , TSMC, John Moolenaar, Moolenaar, Kate Leaman, Leaman, JW Kuo, Xiaomeng Lu, Lu Organizations: Huawei, Service, Taiwan Semiconductor Manufacturing Company, Huawei Technologies, AFP, Bloomberg, Chinese Communist Party, CCP, BIS, Commerce Department, US Commerce Department, Apple, Nvidia, Export, US Commerce, agency's Bureau of Industry, Security, Eurasia Group, GZERO Media Locations: Taipei
John Giannandrea Is Apple's Main AI Leader
  + stars: | 2024-10-24 | by ( Hugh Langley | ) www.businessinsider.com   time to read: 1 min
In June, Apple announced its entrance into the generative-AI race in the most Cupertino way possible, rebranding the technology "Apple Intelligence." Giannandrea has been shaping Apple's "AI" behind the scenes, though you won't have seen him in any of the company's flashy presentations. Known to many colleagues as "J.G.," Giannandrea, a machine-learning expert, made his name running Google's AI group. When Apple poached Giannandrea in 2018, it was seen as a major win for a company lagging behind rivals in the field. Six years later, as Apple Intelligence finally rolls out, the company is taking a practical approach to AI, but leaning into its key advantage: injecting it into the world's most popular smartphone.
Persons: Giannandrea, Apple Organizations: Apple, Apple Intelligence Locations: Cupertino
Reddit acquired Memorable AI in August in a deal that valued the startup at just under $40 million, including performance-based earnouts. Memorable AI uses AI models to predict which images and videos will catch users' attention and encourage them to engage with an ad. Acevedo, a Memorable AI cofounder who had been the startup's CEO, now leads product for Reddit's new ads media intelligence team, which combines data on creative performance with the company's advertising AI models. Fosco, a fellow cofounder who had been Memorable AI's chief technology officer, leads engineering in the ads intelligence team. "The acquisition of Memorable AI, coupled with its focus on creative effectiveness, now gives Reddit the missing piece to continue improving performance for our advertisers," Fosco said.
Persons: Reddit, Acevedo, Fosco Organizations: Unilever, Mars, MIT
Pachocki, part of Business Insider's 2024 AI Power List, joined OpenAI in 2017 after completing a doctorate in computer science at Carnegie Mellon University. He was promoted to the company's chief scientist in May following the departure of its cofounder Ilya Sutskever. Pachocki had already been working closely with Sutskever on some of OpenAI's most ambitious projects including an advanced-reasoning model known as Q* and later renamed Strawberry. Even before officially taking on the mantle of chief scientist, Pachocki had already emerged as a guiding force behind OpenAI's research efforts. See Business Insider's full AI Power List
Persons: Ilya Sutskever, Pachocki, Sam Altman Organizations: Carnegie Mellon University
Petty is equally at home as a poet and peacemaker as she is a researcher, founder, artist, and policymaker for more equitable artificial intelligence. She's asking tough questions about the pervasive nature of surveillance branded as safety, particularly facial recognition, and policing tools as they're applied to marginalized communities. The Detroit native has been honored with a certificate of special congressional recognition and has racked up awards for AI policy, DEI, and ethics. "We still have time to minimize the environmental impacts, to rid ourselves of pervasive and coercive surveillance technologies that harm us, to protect our critical thinking from tech companies who are pursuing systems that erase human cognition in detrimental ways," Petty told Business Insider. See Business Insider's full AI Power List
Persons: Petty Organizations: Detroit
Within Elon Musk's xAI, Ba chips away at the big, nebulous goal to "understand the true nature of the universe." Ba, part of Business Insider's 2024 AI Power List, has a background in deep neural networks, a type of artificial-intelligence model consisting of a layered network of artificial neurons that mimic pathways in the human brain. He was also a research fellow at Meta, where he focused on understanding how "attention-based" neural networks behaved. "One day there will be humanlike learning machines capable of understanding our cultural norms and the nuances in our human values. See Business Insider's full AI Power List
Persons: Elon Musk's, He's, Geoffrey Hinton, Ba Organizations: Elon, University of Toronto, Meta
Lorrain serves as creative lead at Google's AI research division, DeepMind. He helps the company apply its AI technologies to different parts of the media world, including recently introducing its video-generation tool Veo to YouTube shorts and collaborating with creators such as Donald Glover and The Weeknd on generative-AI projects. He has worked on computer-vision projects for Marvel's "Avengers" and Netflix's "Stranger Things," among other partnerships with major media brands. Lorrain also taught a class on AI and filmmaking as a guest lecturer at Columbia University this year. See Business Insider's full AI Power List
Persons: Lorrain, Donald Glover Organizations: DeepMind, Columbia University
Prabhakar, part of Business Insider's 2024 AI Power List, has headed the White House Office of Science and Technology Policy since 2022. In her role, she advises President Joe Biden on science and technology with a particular focus on AI's risks and benefits. Previously, she was the director of the Defense Advanced Research Projects Agency and was the first woman to lead the National Institute of Standards and Technology. She also founded the nonprofit Actuate, which manages research to solve societal challenges. See Business Insider's full AI Power List
Persons: Prabhakar, Joe Biden Organizations: White, Office of Science, Technology, Defense, Research Projects Agency, National Institute of Standards, Research, US Venture Partners
It may be driven by fears of retribution from Trump and what a second term would bring. AdvertisementBoth Vice President Kamala Harris and former President Donald Trump have won support from America's business titans and CEOs. On Tuesday, the New York Times reported that both JPMorgan CEO Jamie Dimon and Microsoft founder Bill Gates support Harris, but won't say so publicly. On the flipside, it's also possible that there are pro-Trump CEOs who don't want to alienate liberal customers and employees. In an appearance on CNBC's "Squawk Box" on Wednesday, billionaire hedge fund manager Bill Ackman suggested that there's a well of silent Trump support among CEOs.
Persons: Jamie Dimon, Bill Gates, Kamala Harris —, Trump, , Kamala Harris, Donald Trump, Harris, Gates, didn't, Dimon, he's, hasn't, John Deere, Jeffrey Sonnenfeld, They're, … Trump, Sonnenfeld, Joe Evangelisti, it's, Bill Ackman, Bill, Ackman, Mark Cuban, there's Organizations: Service, New York Times, Microsoft, Times, Yale School of Management, Leadership, Republican, JPMorgan, Trump Locations: Mexico, That's
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