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☆ Billionaire Palmer Luckey takes a victory lap with return to headset world 8 years after getting fired from Facebook
▼ + stars: | 2024-09-19 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Palmer Luckey's Anduril is bringing its tech to the US Army's Integrated Visual Augmentation System. Luckey, who was ousted from Facebook, added that he is among the smartest people in the VR industry. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Palmer Luckey, the billionaire founder of Oculus VR and Anduril Industries, is bringing his virtual reality software to the military world after inking a new deal announced on Thursday.

Persons: Palmer, Luckey, —, Palmer Luckey Organizations: Facebook, VR, Service, Anduril Industries, US, Business

☆ James Cameron told Bill Gates that it's 'getting hard to write science fiction' in the world of AI
▼ + stars: | 2024-09-18 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Director James Cameron said AI is making it harder for him to write relevant science fiction. He talked about the impact of AI with Bill Gates in a newly released Netflix series. Go to newsletter preferences Thanks for signing up! For the acclaimed film director James Cameron, AI is complicating his livelihood. "It's getting hard to write science fiction.

Persons: James Cameron, Bill Gates, Cameron, — Organizations: Netflix, Service, Microsoft, Business

The vote was 51-44, falling short of the 60 needed to break a filibuster, with Republican Sens. Lisa Murkowski of Alaska and Susan Collins of Maine again voting with Democrats in favor of the bill. Senate Minority Whip John Thune, R-S.D., dismissed it as “another show vote” and vowed that “Republicans support IVF, full stop.”“This is not an attempt to make law. She predicted that Democrats would “lift the filibuster” to get around the 60-vote requirement, which would require 50 senators to vote to change the rules. Katie Britt, R-Ala., and Ted Cruz, R-Texas, that would cut off Medicaid funding for states if they prohibit IVF.

Persons: Kamala Harris, Chuck Schumer, Donald Trump, Harris, Republican Sens, Lisa Murkowski, Susan Collins of, Doug Mills, New York Times Harris, Donald Trump’s, ” Trump, John Thune, ”, ” Thune, ” Sen, Tammy Duckworth, Duckworth, ” Duckworth, Sen, JD Vance, Schumer, Trump, Vance, ” Vance, Taylor Van Kirk, Sens, Katie Britt, Ted Cruz Organizations: WASHINGTON, Republican, New York Times, Democratic, ABC, Congress, Alabama, NBC News, Republicans Locations: Alaska, Susan Collins of Maine, Philadelphia, Alabama, R, Ohio, Texas

☆ Senate GOP blocks IVF bill again as Democrats spotlight issue ahead of elections
▼ + stars: | 2024-09-17 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +6 min

Senate Majority Leader Chuck Schumer on Monday pressed for Republicans to join Democrats in voting to advance the IVF bill. Democratic Sen. Ron Wyden of Oregon objected, and instead urged their colleagues to support Democrats’ bill during Tuesday’s vote. Another Senate GOP bill aimed at addressing concerns about IVF was introduced earlier this year. On Tuesday, Democratic Sen. Patty Murray blocked a uninamous consent request to pass Britt and Cruz’s IVF bill, ahead of the vote on the Democrats’ broader IVF package. “Our bill is the only bill that protects IVF access while safeguarding religious liberty,” Britt said.

Persons: Lisa Murkowski, Susan Collins, Donald Trump, Chuck Schumer, “ We’re, ” Schumer, “, John Thune, ”, Democratic Sen, Tammy Duckworth, Patty Murray, Cory Booker of, GOP Sen, Rick Scott, Ron Wyden, Kat Cammack, Katie Britt, Ted Cruz’s, Britt, Murray, Cruz, ” Britt, we’ve, ” CNN’s Aaron Pellish Organizations: Washington CNN —, Republicans, Democrat, GOP Sens, Republican, Democratic, Illinois, Alabama’s, GOP, Oregon, Democrats, Health Savings Locations: Washington, Cory Booker of New Jersey, Florida

☆ Scenic fall drives in the US: 6 byways for your autumn foliage fix
▼ + stars: | 2024-09-15 | by ( Forrest Brown | ) edition.cnn.com time to read: +11 min

Ozark Run Scenic Byway, MissouriMissouri travel experts say Elephant Rocks State Park is a special stop during any scenic drive on the Ozark Run Scenic Byway. Lake Champlain Byway, VermontLoad up the bicycles for your Lake Champlain Byway drive in Vermont. KRose/Courtesy Local Motion/Lake Champlain Byway CouncilLittle Vermont is a big deal in New England and beyond when it comes to scenic fall drives. It “provides beautiful views of America’s sixth-largest lake, Lake Champlain, as well as of Vermont’s Green Mountains and New York’s Adirondack Mountains,” said Dan Albrecht, chair of Lake Champlain Byway Council, in an email. Eastern Sierra Scenic Byway, CaliforniaTourists flocking to view aspens, cottonwoods and maple trees along Bishop Creek Canyon near Bishop, California, which is along the Eastern Sierra Scenic Byway.

Persons: Aaron Fuhrman, It’s, ”, Katie Blake, “ We’ve, it’ll, ” Blake, • Mark, America’s, Dan Albrecht, Albrecht, •, Peter Norbeck, Johnson, Peter, James Schwabel, Katlyn Svendsen, ” Svendsen, …, Crazy, Alex Byers, Eric Knopsnyder, Frank Lloyd Wright’s, Fallingwater, George Rose, Caroline Beteta, ” Beteta, Mount Whitney, Cindy Robinson, Mabry, Ed Mabry, bibliophiles Organizations: CNN, Missouri, Missouri Department of Conservation, Village Mercantile, • Mark Twain National Forest, Champlain Byway, New England, Leahy Center, Isle State, Mount Rushmore, Travel, Lakota, Laurel, GO, Pennsylvania Department of Conservation, Resources, GO Laurel Highlands, UNESCO, Pennsylvania, CNN Travel, Scenic, California Tourists, Eastern, Sierra, Visit, Historic Park, AAA, Music, Mount Mitchell Locations: United States, Ozark, Missouri Missouri, Rocks, •, Caledonia, • Mark Twain, Terre, Knob, Champlain Byway, Vermont, Burlington, Lake Champlain, New York, Champlain, Little, New England, Green, New, Middlebury, Vergennes, England, Isle, Button, South Dakota, Travel South Dakota, • Custer, Sylvan, Laurel, Pennsylvania, Ohiopyle , Pennsylvania, GO Laurel Highlands, Laurel Highlands, Ligonier, California, Bishop, Bishop , California, Visit California, Topaz, Little Lake, Death, you’re, “, North America, • Bodie, Eastern, Pine, North Carolina, Virginia, Mississippi, Asheville

GOP senators 'hesitant' to mandate IVF coverageBut there is scant evidence of a Republican appetite for that plan in Congress. “I don’t know that we need to go so far as to mandate IVF coverage,” Lummis said. Rep. Jim Banks, R-Ind., a former chair of the conservative Republican Study Committee and a Senate candidate, said he hasn’t seen a Trump policy plan on IVF to evaluate. “I don’t know what that would look like — to make it free.”Democrats say Trump is lying and trying to bamboozle voters. “Donald Trump will say anything that he thinks might be one more vote in favor of Donald Trump.

Persons: WASHINGTON — Donald Trump’s, Trump, “, ”, Marjorie Taylor Greene, aren’t, Greene, isn’t, Sen, Josh Hawley, “ it’s, ” Hawley, hadn’t, ” Trump, “ We’re, it’s, Thom Tillis, we’ve, We’ve, ” Sen, Joni Ernst, Bill Cassidy, Trump hadn’t, ” Cassidy, that’s, It's, Cynthia Lummis, ” Lummis, Karoline Leavitt didn’t, Rand Paul, it'd, ” Paul, you’re, Tim Burchett, Jim Banks, hasn’t, Elizabeth Warren, ” Warren, “ Donald Trump, Donald Trump, Ohio Sen, Vance, Donald Trump’s, ” “ Trump, Katie Britt, ” Britt Organizations: Trump, NBC News, Republicans, Congress, NBC, Republican Party, Republican, Health, Education, Labor, Pensions, Democratic Party, Alabama Supreme, CBS, Democratic, “, GOP, Committee, Senate, Ohio Locations: Iowa, Alabama, Ky

☆ Trump and Biden agree: The US should finally start a sovereign wealth fund
▼ + stars: | 2024-09-08 | by ( Lakshmi Varanasi | Katie Balevic | ) www.businessinsider.com time to read: +5 min

So it is noteworthy that Democratic and Republican leaders both appear to want to establish a sovereign wealth fund to help the United States pay for stuff. Saudi Arabia's Public Investment Fund, which manages about $925 billion in assets, reported a $36.8 billion profit for 2023, according to Reuters. This isn't the first time Washington has toyed with the idea of a sovereign wealth fund. Last March, a group of bipartisan lawmakers led by Sen. Angus King and Sen. Bill Cassidy began discussing a sovereign wealth fund to pay for Social Security. The White House's interest in a sovereign wealth fund stems partly from its desire to compete with China, which has multiple state-owned funds itself.

Persons: —, Joe Biden, Jake Sullivan, Daleep Singh, Biden, Donald Trump, LIV Golf, Sen, Angus King, Bill Cassidy, Mitt Romney, John Paulson, Larry Summers Organizations: Service, Democratic, Republican, National, Bloomberg, Business, White, Economic, of New, Fund, Reuters, Norges Bank Investment Management, Saudi Arabia's Public Investment Fund, Blackstone, LIV, Social Security, America, Bloomberg Television Locations: United States, of New York, Saudi Arabia, Norway, Norway's, PIF, Heathrow, American, Washington, China

JD Vance's plan to tackle high childcare costs may not take into account the looming retirement crisis facing millions of older Americans. When Kirk asked how Vance planned to address the issue, Vance suggested extended family members step in to relieve the financial burden on parents. AdvertisementNot many states require childcare workers to have college degrees or certifications. But he may have been referring to a new law in the nation's capital that requires many childcare workers to have a two-year associate degree, among other training. Vance has condemned universal childcare, calling it a subsidy for the affluent and a "class war against normal people."

Persons: JD Vance's, Vance, Donald Trump's, Charlie Kirk, —, Kirk, didn't, who's, that's, Linda, Katie Britt, Alabama, Mike Lee of, Laurie Furstenfeld Organizations: Service, Bank of America, Survey, Social Security, Business, Republicans, Congress, Child Care Law, asheffey Locations: California, Florida, Mike Lee of Utah, Berkeley , California

In 2019, Gates wrote a post titled "Grilling and chilling with Warren." In 2020, Gates wished Buffet a happy 90th birthday. Instead of writing about goofy guys' trips, Gates thanked Buffett for his generous contributions to the Gates Foundation. In 2023, Gates didn't mention Buffett in a single post. And in his 20-plus posts so far in 2024, Gates has only mentioned Buffett once, again focusing solely on philanthropy.

Persons: Gates, Buffett, Bennett Raglin, Warren Organizations: Gates Foundation Locations: Ohama

☆ Elon Musk said former X advertisers may have violated the RICO Act. Here's what a RICO attorney thinks about that.
▼ + stars: | 2024-08-11 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Then, in an X post, Musk encouraged companies that have been "systematically boycotted by advertisers" to sue, claiming there could be "criminal liability via the RICO Act." AdvertisementJeffrey Grell, an attorney specializing in RICO, told Business Insider that RICO only deals with unlawful acts and that isn't the case here. "I think that Musk is trying to get some PR mileage out of RICO without actually filing a RICO claim here," Grell said. "If his lawyers thought that he had a civil RICO claim, they more than likely would've brought it in the claim that they filed." Similarly, Grell said advertisers could see competitors pull advertising from Musk's X and think, "'I'm going to get off Twitter.

Persons: —, Elon, Musk's X, Musk, Racketeer, Jeffrey Grell, wouldn't, Grell, didn't, Ørsted, GARM Organizations: Service, Business, Global Alliance, Responsible Media, World Federation, CVS Health, Unilever, Mars, Twitter

☆ JD Vance tries out a $5,000 expanded child tax credit proposal to secure support from the pro-family crowd
▼ + stars: | 2024-08-11 | by ( Katie Balevic | John L. Dorman | ) www.businessinsider.com time to read: +2 min

Amid his ongoing effort to solidify his image as pro-family (but not in a "weird" way), Vance on Sunday floated a generous $5,000 child tax credit during an interview on CBS' "Face the Nation." Advertisement"I'd love to see a child tax credit that's $5,000 per child. Related storiesThe current child tax credit allows up to $2,000 per child. AdvertisementThere's bipartisan support for an expanded credit in the House. In early August, the Senate voted 48-44 on the expanded child tax measure, meaning it did not advance.

Persons: —, Sen, JD Vance, Donald Trump's, he's, Vance, Margaret Brennan, Chuck Organizations: Service, Ohio Republican, Democratic Party, Business, CBS, GOP, Democratic, Senate Locations: Washington

☆ Biden says his health is not hurting his ability to campaign for Kamala Harris: 'I have no serious problem'
▼ + stars: | 2024-08-11 | by ( John L. Dorman | Katie Balevic | ) www.businessinsider.com time to read: +1 min

The president told CBS News he had "no serious problem" and was just sick during the June debate. Biden said he was ready to join the campaign trail to stump for Vice President Harris' campaign. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn an interview that aired Sunday, President Joe Biden rebuffed speculation over his health and said he was ready to stump for Vice President Kamala Harris.

Persons: Biden, Harris, —, Joe Biden, Kamala Harris Organizations: CBS News, Service, Democratic, Business

☆ CEO compensation at some of the largest companies was a whopping 268 times as much as their average worker last year
▼ + stars: | 2024-08-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

S&P 500 CEOs earned 268 times as much as their median worker last year. Some CEOs earned thousands of times as much than their median workers, ALF-CIO reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In 2023, chief executives at S&P 500 companies were compensated 268 times as much as their median worker, the AFL-CIO report found. CEOs at some companies — such as Mattel, Abercrombie & Fitch, and AMC Entertainment — made thousands of times as much as their median workers.

Persons: Trump, —, AMC Entertainment — Organizations: ALF, Service, Companies, American Federation of Labor, Industrial Organizations, AFL, Mattel, Abercrombie, Fitch, AMC Entertainment, Business Locations: United States

☆ Financial constraints often trap domestic violence victims. Los Angeles thinks a basic income is a solution.
▼ + stars: | 2024-08-08 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Los Angeles officials have proposed a basic income program for domestic violence survivors. Councilmembers are seeking millions to fund it after a successful basic income pilot program ended. Go to newsletter preferences Thanks for signing up! AdvertisementLos Angeles found success with its guaranteed basic income pilot program, one of the largest in the country. In its original basic income program, some 3,200 low-income households in the city received $1,000 a month no strings attached.

Persons: Councilmembers, — Organizations: Service, Business Locations: Angeles, Los Angeles

☆ Olympic couples are mixing romance with competition in Paris. It's not necessarily a bad thing, says a psychologist.
▼ + stars: | 2024-08-07 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +6 min

Read previewThere are 17 known couples participating in this year's Olympics in Paris, and they are having a moment. Chinese badminton stars Liu Yuchen and Huang Ya Qiong got engaged after Huang won gold in the mixed doubles. "Talk about a great opportunity for intense social bonding," said Morley, who provides individual and couples therapy in Boston. Christian Petersen/Getty ImagesMorley told Business Insider that being an Olympic couple is a unique experience—somewhat like being a celebrity. AdvertisementSome couples work around that by training together, like former British Olympic triathletes Stuart Hayes and Michelle Dillon.

Persons: —, Liu Yuchen, Huang Ya Qiong, Huang, Pablo Simonet, Maria Campoy, Olga Kharlan, Luigi Samele, Gregorio Paltrinieri, Rossella Fiamingo, Katerina Siniakova, Tomas Machac, Clive Brunskill, Isabelle Morley, Morley, Tara Davis, Hunter Woodhall, Christian Petersen, Alex de Minaur, Katie Boulter, Tim Clayton, Lea Schüller, Lara Vadlau, Vadlau, Schüller, Lee Kiefer, Gerek, Wally Skalij, they're, Stuart Hayes, Michelle Dillon, Jacopo Raule Organizations: Service, Business, Woodhall, Paralympic, Getty, Tennis, FC Bayern Munich's, Olympics, University of Kentucky Locations: Paris, Argentine, Czech, Boston, Australia, Great Britain, German, Austrian

Officials are relying on multiple streams of intelligence, and there are divisions among national security officials on how and when Iran’s response might unfold. The relative uncertainty has left the Biden administration in a defensive crouch as it tries to rally allies and pressure Iran not to escalate tensions. The extent of the United States’ further involvement in the war largely depends on how exactly Iran responds to Haniyeh’s death. US destroyers helped shoot down ballistic missiles and drones launched by Iran at Israel in April. Biden and Vice President Kamala Harris also met with the administration’s national security team in the White House Situation Room later Monday afternoon.

Persons: Ismail Haniyeh’s, crouch, Haniyeh –, Fu’ad Shukr, Israel, Majdal Shams, United States ’, Cole, Biden, “, Kamala Harris, Matthew Miller, Miller, Jomana Karadsheh, Michael Conte, Alex Marquardt, Zahid Mahmood Organizations: Washington CNN, Washington, CNN, Biden, United, US Central Command, State Department, US, Command Locations: Tehran, Iran, Washington, Israel, Lebanon, Gaza, Hezbollah, United States, Majdal, Golan, Gulf, Oman, Jordanian, Syria

☆ Zelenskyy posts video of Ukraine's new F-16s, says it's 'already using them'
▼ + stars: | 2024-08-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Ukraine's F-16s are finally taking flight, marking a new era in its war against Russia. President Zelenskyy touted the aircraft and the pilots flying them on Sunday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAlmost since the war began, Ukraine has worked to acquire F-16s from its allies and train pilots to fly them. Ukrainian President Volodymyr Zelenskyy shared a video on X showing the new F-16s taking off, calling the moment a "new phase of development for the Air Force" in Ukraine.

Persons: Ukraine's, Zelenskyy, —, they're, Volodymyr Zelenskyy Organizations: Russia, Service, Air Force, Ukrainian Air Force, Business Locations: Ukraine, Russian, Denmark, Netherlands, United States

☆ Meta is often looking for product managers. Here's what you can do to land the job.
▼ + stars: | 2024-08-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Meta released a guide for how to land a product manager job at the company. Meta interviewers want to see a candidate's product sense, leadership, and creativity. Tech companies release guides like this because product manager talent is scarce, one expert said. Go to newsletter preferences Thanks for signing up! The guide says the first phase of the interview is an initial screening to assess the candidate's product sense and analytical thinking.

Persons: Meta, — Organizations: Service, Meta, Business

☆ A Kamala Harris presidency could be a game changer for women in business
▼ + stars: | 2024-08-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

If elected, Kamala Harris would be the first female president of the United States. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf Vice President Kamala Harris ascends to the Oval Office, it could have a rippling impact on women in business everywhere.

Persons: Kamala Harris, —, Harris, Donald Trump's, Hillary Clinton Organizations: Service, Trump, Business Locations: United States

☆ Berkshire Hathaway is sitting on almost $280 billion in cash after slashing its Apple stake in half
▼ + stars: | 2024-08-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Berkshire Hathaway's cash stockpile has soared to nearly $280 billion. The conglomerate sold off nearly half of its huge stake in Apple last quarter. Go to newsletter preferences Thanks for signing up! AdvertisementWarren Buffett's Berkshire Hathaway is sitting on a whole lot of cash after repeatedly slashing its stake in Apple. Berkshire Hathaway made the eyebrow-raising decision to cut its Apple stake, which remains the largest stake in its portfolio, by nearly 50% last quarter.

Persons: Warren Buffett, —, Warren, Berkshire Hathaway, Apple . Berkshire Hathaway Organizations: Berkshire, Apple, Service, Business Locations: Apple ., Omaha

☆ Big Tech keeps running ads accidentally suggesting it will replace all human creativity
▼ + stars: | 2024-08-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Google pulled an ad suggesting a young fan use Gemini AI to write to their Olympic idol. The misfire came after criticism of an Apple ad suggesting an iPad can replace all human creativity. 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 . Google faced backlash after it recently released an ad about a young athlete who idolizes American hurdler Sydney McLaughlin-Levrone.

Persons: —, Sydney McLaughlin, Google's, that's Organizations: Google, Service, Big Tech, Gemini, Business

☆ Trump says Zuckerberg called him after assassination attempt and told him he wouldn't endorse a Democrat
▼ + stars: | 2024-08-02 | by ( Grace Eliza Goodwin | Katie Balevic | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump says Meta CEO Mark Zuckerberg recently told him he wouldn't endorse a Democrat in the 2024 election. The Republican presidential nominee told Fox News' Maria Bartiromo on Friday that Zuckerberg called him after the assassination attempt, and told him he didn't feel right supporting a Democrat. He called me after the event and he said, 'That was really amazing, it was very brave,'" Trump told Bartiromo. Trump told Bartiromo that Google never called him to apologize. Advertisement"Google has been very bad," Trump told Bartiromo.

Persons: —, Donald Trump, Mark Zuckerberg, Maria Bartiromo, Zuckerberg, Trump, Bartiromo, he's, Dani Lever, Lever Organizations: Service, Republican, Fox News, Democrat, Business, Facebook, Meta, Google

☆ Russia pulled back weapons shipment to Houthis amid US and Saudi pressure
▼ + stars: | 2024-08-02 | by ( Natasha Bertrand | Katie Bo Lillis | ) edition.cnn.com time to read: +5 min

For the Houthis to engage in that kind of weapons transaction, moreover, “would demonstrate to us a lack of commitment” by the Houthis to peace talks, the official said. Currently, the Houthis “appear to be drifting further away from a commitment to a negotiated peace in Yemen,” the official said. And while the imminent weapons transfer was pulled back, Russia did deploy military personnel to Yemen to help advise the Houthis over a three-day period in late July, the sources said. The Russians carried bags with them, but nothing that appeared large enough to carry weapons or weapons components, the sources said. It is not clear whether the Russian ships were carrying the equipment that Russia had been preparing to transfer to the Houthis before the Kremlin abandoned the plan.

Persons: “, Saudi Arabia’s pushback, Vladimir Putin, Biden, Oman — Organizations: CNN, US, Saudi Embassy, Kremlin, US Central Command Locations: Russia, Yemen, United States, Saudi Arabia, Iran, Moscow, Saudi, Russian, Ukraine, Somali, Shabaab, China, Oman

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. Nvidia shares popped more than 11% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn't be a slowdown in the multibillion-dollar buildout of AI servers based around GPUs. Microsoft CEO Satya Nadella and finance chief Amy Hood said Tuesday the company plans to spend even more on Nvidia-based infrastructure next year. Microsoft spent $19 billion on capital expenditures during the fiscal fourth quarter, with about 60% on hardware. Nvidia has been the primary beneficiary of the AI boom.

Persons: Jensen Huang, Satya Nadella, Amy Hood, Microsoft's capex, Karl Keirstead, Morgan Stanley, Joseph Moore, Moore, Blackwell, Blackwell ramping Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Microsoft, AMD, UBS

☆ The biggest basic income pilot in the US found that it didn't stop participants from working and helped get their families into safer situations
▼ + stars: | 2024-07-30 | by ( Noah Sheidlower | Katie Balevic | ) www.businessinsider.com time to read: +7 min

The Basic Income Guaranteed: Los Angeles Economic Assistance Pilot, or BIG:LEAP, gave over 3,200 households $1,000 in monthly no-strings-attached cash payments for 12 months starting in January 2022. BIG:LEAP compared the outcomes of households receiving cash payments to nearly 5,000 households with similar incomes and family situations in the control group. In the last six months, participants were more likely to establish proximate safety and work toward protecting themselves in the future. Overall, it stands in contrast to what some critics of basic income argue, including that cash payments majorly reduce employment or don't prepare participants for the future. Housing cost burdens decreased among all study participants.

Persons: —, Amy Castro, Kyung Elizabeth Kim, Castro, Eric Garcetti, Karen Bass, we're, Kim, They're Organizations: Service, Los, Economic, Business, University of Pennsylvania, UCLA Locations: Los Angeles

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