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The mind of Sam Altman
  + stars: | 2024-12-08 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +21 min
And now, after years of stasis in Silicon Valley, we have Sam Altman . To answer that question, I've spent weeks taking a Talmudic dive into the Gospel According to Sam Altman. Unlike Jobs, who bestrode the stage at Apple events dropping one-more-things like a modern-day Prometheus, Altman doesn't spew ego everywhere. AdvertisementAnother contrast with the tech gurus of yore: Altman says he doesn't care much about money. Altman doesn't know what the future will bring, but he's in a hurry to get there.
Persons: It's, Steve Jobs, Elon Musk, Mark Zuckerberg, Sam Altman, Altman, Fortune, , I've, he's, Jason Kempin, Jobs, Joe Rogan, Rogan, it's, Goldman Sachs, Brian Ach, he'd, Charming, Altman didn't, you've, Paul Graham, aren't, Kara Swisher, doesn't, Ezra, We'll, Isaac Asimov, Iain Banks, Drew Angerer, OpenAI, squished, Justin Sullivan, He's, Jeff Bezos didn't, Adam Rogers Organizations: Harvard, San, bros, Getty Images, Apple, TechCrunch, Stanford, Elon, SpaceX, AIs, OpenAI, Big Tech, Business Locations: Silicon Valley, Uniball, San Francisco, Midwest, Stanford, OpenAI, Mexico, ChatGPT, Silicon, Valley
Georgetown, Guyana — AP —Guyana is revisiting a dark history nearly half a century after U.S. Rev. Vilchez, 67, said Guyana has every right to profit from any plans related to Jonestown. Stringer/APThe tour would ferry visitors to the far-flung village of Port Kaituma nestled in the lush jungles of northern Guyana. Stringer/APAn offering to the landUntil now, most visitors to Jonestown have been reporters and family members of those who died. When Vilchez returned to Guyana in 2018 for the first time since the mass suicide-murder, she made an offering to the land when she arrived in Jonestown.
Persons: Jim Jones, Jordan Vilchez, Jones, , , Vilchez, Stringer, it’s, Neville Bissember, Oneidge Walrond, ” Rose Sewcharran, Wonderlust, Astill Paul, Leo J, Ryan of, Ryan, Paul, Jonestown, Gerry Gouveia, It’s, Fielding McGehee, ” McGehee, ’ McGehee Organizations: AP —, Peoples, Associated Press, University of Guyana, government’s Tourism Authority, Guyana’s, Hospitality Association . Tourism, AP, Holocaust, U.S, Rep, Jonestown Institute Locations: Georgetown, Guyana, AP — Guyana, California, Guyana’s, Jonestown, Port Kaituma, It’s, government’s, Rwanda, Auschwitz, Ryan of California, U.S, ,
That's certainly the case with the super-popular weight-loss drugs from Eli Lilly and Novo Nordisk. A recent CNBC investigation explored the murky international world of counterfeit weight-loss drugs. "Our advertising policies also prohibit the advertising of weight-loss products, including weight-loss injections and fat-burning pills." "The social media platforms are the new street corners for drug dealers, and they move from place to place," Galvin said. "We urge consumers to be vigilant and to utilize tips tools from the FDA's BeSafeRx campaign to help them safely buy drugs online."
Persons: NOVO.B, scammers, That's, Eli Lilly, Lilly, Eric Feinberg, Tom Galvin, Abhishek Karnik, McAfee, We've, Galvin, Henry Meds, Patrick Carroll, Kathy Bates, Elon Musk, Oprah Winfrey, Andy Cohen, Billie Jean King, Rob Lowe —, Novo's, Pharmacotherapy Organizations: Novo Nordisk, Bloomberg, Getty, Food and Drug Administration, Consumers, Novo, CNBC, FDA, pharma, Facebook, Digital Citizens Alliance, Coalition, PayPal, Citizens, Research Team, McAfee, JAMA, ., JFK International, U.S . Customs, UK's Medicines, Healthcare Products Regulatory Agency, Publicly, BPI Labs, Company, Chem Labs, Meta, Co Locations: Hillerod, Denmark, U.S, Zelle, Ozempic, India, China, Mexico, Turkey, London, Noom, Miami, Novo, Kinsale, Ireland
For people struggling with their weight, these drugs can seem like a miracle. AdvertisementThe marketplace is awash in companies trying to ride the Ozempic wave by selling compounded semaglutide, knockoff drugs, and similar-sounding supplements. Even big-name telehealth companies are sending medications to patients without a lot of supervision. To ward off telehealth companies, Eli Lilly cut the price of Zepbound for certain patients who order directly from the company, though the drug is still pricey. She's switched providers — she's now getting her medication from Hers — and continues to shed weight.
Persons: Kelly, she's, Kelly isn't, semaglutide, Eli Lilly —, John Hertig, Jessica Bartfield, Natalia Mehlman Petrzela, Bartfield, riffing, Jane Fonda, Mehlman Petrzela, it's, She'd, Eric Feinberg, Feinberg, he's, Michael Jabbara, Jabbara, willy, Eli Lilly, they're, Anthony Mahajan, Hertig, that's, Kelly hasn't, She's, hasn't, she'll, Emily Stewart Organizations: Google, Better Business, Novo Nordisk, and Drug Administration, Butler University's College of Pharmacy, Health Sciences, NBC News, FDA, Wake, Weight Management, The New, Coalition, Novo, Visa, WHO, Health Law Alliance, , Business Locations: Florida, WhatsApp
She shared how they raised $11 million in grants and investment from prominent investors like Uber. AdvertisementThis as-told-to essay is based on a transcribed conversation with Tiya Gordon, 45, the founder of electric charging startup It's Electric. Although my career was in design, I pivoted and cofounded a climate tech startup called It's Electric in 2022. We had to prove that a simple solution could be effective. Our work on this pilot was so successful that EDC launched a brand new program based on our pilot.
Persons: Tiya Gordon, Gordon, Uber, Gabrielle Wesley, We're, we've, We'd, we're, It's Organizations: It's, New Yorker, Mars, America, Hyundai, EV, New, New York City Economic Development Corporation, Brooklyn Army, EDC, Nordic, Failup Ventures Locations: Brooklyn, New, Mars Wrigley, Sharpie, We're, London, New York City
See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.20%, according to Zillow data. Current 15-Year Mortgage RatesAverage 15-year mortgage rates are around 5.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.
Persons: we'll, Freddie Mac, Fannie Mae Organizations: Federal Reserve, of Labor Statistics, Mortgage Research, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: U.S, Chevron, Government
Or, maybe the whole market has a new expectation of stocks — and, stocks are delivering on those expectations and then some. Maybe that's why it is up more than 900% for the year. Maybe that's why it is now a roughly $140 billion company. With so many other opportunities to raise money — such as private equity and venture capital firms trying to get in — the stock market almost doesn't matter. But only new supply can bring this market down because valuation has ceased to mean much for most of the market.
Persons: Victoria Valenzuela, Valenzuela, Mary Georgiadis, Georgiadis, Dawson Alyssa Harvey, Andrew Karam, That's, Friday's, It's, it's, Gary Gensler's, Donald, Joe Biden's, toolmaker Stanley Black, Decker, Stanley Black, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: APP, Securities and Exchange Commission, SEC, Constellation Brands, Club, CNBC Locations: China, Mexico
All they know is that it's a bitcoin company, run by one of the asset's most vocal evangelists. Bitcoin per share, and bitcoin value per share, reflect how many bitcoin investors are getting when they buy a share of MicroStrategy. So with a stock price of around $390, each MicroStrategy share gives investors exposure to 0.0017 bitcoin. There are several reasons, including that MicroStrategy's bitcoin count is steadily rising. Kotzman, who owns bitcoin and MicroStrategy shares, is confident that the company's bet — and, by extension, his own — will pay off in the long term.
Persons: Cryptocurrency maven Michael Saylor, MicroStrategy, bitcoin, who've, Michael Saylor, Saylor, Tim Kotzman, Steve Sosnick, Matthew Sigel, Sigel, They'll, they're, Kotzman, it's, Citron, That's Organizations: Nvidia, Business, BTC, Citron Research Locations: bitcoin, MicroStrategy
More than 58 million Americans have had packages stolen in the past year, per a recent survey. PorchPals founder James Moore explains the surprisingly tricky math needed to solve the problem. Moore told BI that PorchPals used three separate actuarial teams working independently on the problem to reach a comparable risk profile. AdvertisementOf course, some households experience multiple thefts, and PorchPals estimates the number of stolen packages at around 119 million last year. "In porch theft it's different.
Persons: PorchPals, James Moore, Moore, Lockton, It's Organizations: Actuarial Resources, PorchPal's underwriters, Lloyds, London's, Syndicate Locations: California
Retail returns: An $890 billion problem
  + stars: | 2024-12-07 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +3 min
Nearly two-thirds of consumers now buy multiple sizes or colors, some of which they then send back, a practice known as "bracketing," according to Happy Returns. What happens to your returnsProcessing a return costs retailers an average of 30% of an item's original price, Optoro found. But returns aren't just a problem for retailers' bottom line. Returns in 2023 created 8.4 billion pounds of landfill waste, according to Optoro. In 2023, 81% of U.S. retailers rolled out stricter return policies, including shortening the return window and charging a return or restocking fee, according to another report from Happy Returns.
Persons: Stephanie Keith, Optoro, David Sobie, aren't, Spencer Kieboom, Rachel Delacour Organizations: FedEx, Bloomberg, Getty, U.S . Environmental Protection Agency, Amazon Locations: New York, U.S
… We just played a playoff game, basically, out there and played pretty dang good. And none of the three beat a better opponent than in their conference title game than No. Anything extra — like a Playoff win or two — seems like a bonus. But here’s why the circumstances surrounding Beck’s injury in Saturday’s SEC title game are different from the injury to Florida State’s Jordan Travis last year. — BakerGO DEEPER College Football Playoff 2024 projections: SMU favored over Alabama for final spot(Photo: Grant Halverson / Getty Images)
Persons: Ralph D, Russo, Matt Baker, Justin Williams, Joe Rexrode, Sam Khan Jr, Clemson —, Nolan Hauser, “ They’ve, , Rhett Lashlee, we’re, ” Lashlee, , Dabo Swinney, — Khan, GmNL2hnoO0, Ashton Jeanty, — Russo, Watson, Trevor Lawrence, Quarterback Cade Klubnik, — Baker, Drew Allar, Tez Johnson, Dillon Gabriel, haven’t, Gabriel, didn’t, — Williams, Organizations: Football, Saturday’s Power, Boise State, Power, , Arizona State, Clemson, ACC, SMU, Tigers, Alabama, ” SMU, Athletic, Florida State, Mustangs, FBS, Vanderbilt, ESPN, Playoff, GmNL2hnoO0 — ACC Network, Big, SEC, Georgia, Broncos, Iowa State, Miami, South, Louisville, mulligans, Swinney’s, Penn State, Ducks, Nittany Lions, Lions, Rose, Ohio State Locations: — Oregon, Georgia, Arizona, Alabama, Oklahoma, Oregon, Syracuse, South Carolina, Ohio, Florida
As inflation cools and the Fed lowers its benchmark rate, mortgage rates are expected to trend down in 2025. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates are expected to ease. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: homebuyers, you'll, Freddie Mac, it's, Fannie Mae Organizations: Fed, Federal Reserve, of Labor Statistics, Mortgage Research Center, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: U.S, Chevron
Virgin Voyages is the latest cruise line to offer the chance to turn your relocation into a sea-location, with its new all-you-can-sail annual pass. The report by Euromonitor International named Bangkok the world’s busiest city this year for international arrivals. The world’s most-visited city in 2023 was the Turkish city of Istanbul. It’s the SS United States and after rusting on a Philadelphia pier for three decades, it’s now making its final journey – right to the bottom of the ocean. Travelers in the United States lose millions of suitcases every year.
Persons: it’s, It’s, , There’s, Ed Sheeran Organizations: CNN, Voyages, Orient Express, Wales, Euromonitor International, SS, Travelers Locations: Greece, Vietnam, Britain, United States, Caribbean, Atlantic, Adriatic, Europe, Greek, Thessaloniki, England, Cornwall, Lake District, Wales, Surabaya, Bandung, Southeast Asia, Hanoi, Ho Chi Minh City, World’s, Rome, Barcelona, Paris, London, Bangkok, Thailand, Turkish, Istanbul, SS United States, Philadelphia, American, Bhutan, United
My husband and I both have Delta Platinum cards, and our annual fee went up recently. The most important perk to us is the companion pass for flights, which cuts our costs in half. My favorite feature of the card is that it offers a complimentary companion pass each year. Amex recently increased the annual fee for the Delta Platinum to $350/year, but it's still a good value to us. Even if we weren't to use any of the other credits, the annual fee pays for itself with the companion pass purchase.
Persons: it's, , I've, Chase, you'd Organizations: Service, Citi, Capital One, Delta, U.S . Locations: Charleston, Florida, Caribbean, Central America, Hawaii, Alaska, Minnesota
The event, the AI infrastructure conference Ray Summit, had originally booked OpenAI's chief technology officer, Mira Murati, to speak. If Sam Altman is the starry-eyed visionary of OpenAI, Weil is its executor. That includes Weil, a relative OpenAI newcomer who joined in June and rapidly became one of its most notable ambassadors. Former colleagues say Kevin Weil was key to turning Twitter into a crucial arena for advertisers. That's far from the only struggle the product chief faces.
Persons: Kevin Weil, OpenAI, Weil, Robert Nishihara, Ray Summit, Mira Murati, Sam Altman, Altman, He's, James Everingham, Sarah Friar, OpenAI's, Adam Bain, Everingham, Underwood, Slack, Elizabeth, Ashley Johnson, Brian Ach, TechCrunch Weil, Katie Jacobs Stanton, Kevin Systrom, Snapchat, Systrom, Instagram, Vox, Dario, Daniela Amodei, Ilya Sutskever, Aravind Srinivas, Mira Murati's, Patrick T, Fallon, Jacobs Stanton, Horacio Villalobos, Corbis, Weil's, he's, there's, Niko Felix, Felix, Melia Russell Organizations: Marriott Marquis, Apple Watch, Ray, Facebook, Twitter, Planet, TechCrunch, CNBC, Meta, Wired, OpenAI, The New York Times, Ray Summit, Silvergate Bank, Getty, LinkedIn, Business Locations: downtown San Francisco, OpenAI, Instagram, Silicon Valley, California, Portola Valley, Central, ., Murati, ChatGPT, Seoul, Tokyo
She reported eating an Egg McMuffin, fries and a Quarter Pounder from McDonald’s. Those health officials, Wise said, gave the first crucial clue. That information was gleaned from interviews that state and local health officials in Colorado did with patients. As the CDC was working with state health officials and sending out questionnaires, it was simultaneously working with McDonald’s. On Oct. 28, health officials ruled out the beef patties served on the Quarter Pounders as a potential source of the E. coli.
Persons: , McDonald’s, ” Ben Chapman, , Matt Wise, Wise, Marion Nestle, “ It’s, ” Wise, patties, ” Nestle, Rachel Molatore, Nestle Organizations: Centers for Disease Control, McDonald’s, NBC News, CDC, NBC, FDA, North Carolina State University, Prevention, New York University, Locations: Wisconsin, Colorado, McDonald’s, Utah, Taylor
Trump isn’t president yet, but he’s starting to act like itPresident Joe Biden meets with President-elect Donald Trump in the Oval Office on Nov. 13. The President-elect will join French President Emmanuel Macron in Paris this weekend for the reopening of the Notre Dame Cathedral. In other words, Trump is crowding out President Joe Biden as he winds down his term and steadily recedes from public view. Insurer halts anesthesia payment policy after backlashAnthem Blue Cross Blue Shield has reversed a decision to limit reimbursements for anesthesia during surgery and medical procedures based on time limits it had set. The policy would have capped the length of time anesthesia can be covered during procedures in Connecticut, New York and Missouri beginning in February.
Persons: Donald Trump overshadows Joe Biden, Brigham Young University’s, Trump, Joe Biden, Donald Trump, Saul Loeb, Donald Trump won’t, Emmanuel Macron, Justin Trudeau, , , Newt Gingrich, Biden, hasn’t, Brian Thompson, we’ve, Taylor Lorenz, Tobita Chow, Read, Jake Retzlaff, Manischewitz, matzo, Greg Rosenstein, “ BYJew, ” Mazel tov, Richie Duchon, Elizabeth Robinson Organizations: Police, Getty, Notre Dame Cathedral, Canadian, Republican, ➡️ Investigators, Greyhound, ➡️ Police, New York, UnitedHealth Group, New York Times, Washington Post, Labor Statistics, Gallup, BYU, Nike, Adidas, Brigham, Cougars, NBC Locations: Paris, Mexico, Canada, Gaza, New York City, Atlanta, New York, Manhattan, Bluesky, Connecticut , New York, Missouri
Why we’re addicted to ‘silent reviews’ on TikTok
  + stars: | 2024-12-06 | by ( Gina Park | ) edition.cnn.com   time to read: +6 min
Since October 2023, online content creators such as Santulli have been filming these “silent reviews,” sharing their opinions of makeup, skin care, books and other products without speaking a word. Pretending to sign a check in the air is a nonverbal way to ask your waiter for the bill. But silent reviews are bringing back nonverbal communication, even if it’s in a more exaggerated form. It’s also a bit of a game to generations jaded by traditional advertising and reviews, according to Riggio. “They really are able to make subtle changes that make a difference,” Paul said of the content creators who use silent reviews.
Persons: Izzy Santulli, Instagram, ” Santulli, , Diane Paul, ” Paul, furrowed, Ron Riggio, It’s, Paul of, Paul, Organizations: CNN, James Madison University in, Claremont McKenna College Locations: James Madison University in Virginia, California
Fans of McDonald's Snack Wrap, rejoice — the fast-food giant is finally bringing the popular menu item back. On Thursday, Joe Erlinger, the president of McDonald's US, confirmed on "Good Morning America" that the Snack Wrap will return next year. McDonald's Snack Wraps — chicken, lettuce, and cheese wrapped in a tortilla — were launched in 2006. AdvertisementThe Snack Wrap was officially discontinued in the US in 2020 as part of a menu simplification. AdvertisementHowever, the exact launch date of the Snack Wrap remains unclear; Erlinger declined to share specifics while on the show.
Persons: Joe Erlinger, Erlinger, Heidi Klum, that's, I'm, Ian Borden, McDonald's Organizations: Bloomberg, CNN, Business
The best credit cards for travel include airline credit cards, hotel credit cards, and travel rewards credit cards. You can also get credit cards for small business use, or consider starter credit cards and student credit cards if you're new to credit. Pairing with travel rewards cards — Several major issuers, including Chase, American Express, Wells Fargo, and Citi, let cardholders combine rewards between cash-back credit cards and travel rewards credit cards. Pros and cons of cash back credit cardsCash-back credit cards have their pros and cons, as we've already seen thus far. Cash-back credit cards often offer fewer perks, smaller welcome bonuses, and limited redemption opportunities compared to travel rewards credit cards.
Persons: Wells, Cash, Cardholders, you'd, — Cash, Chase, shouldn't, you've Organizations: Business, Citi, Wells, Bank of America, Bank of America loyalists, American Express, American, Amazon.com, Visa, Amazon Locations: Wells, Wells Fargo, Rakuten
Lululemon is still 'a very new brand' in China: Analyst
  + stars: | 2024-12-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLululemon is still 'a very new brand' in China: AnalystBrian Nagel from Oppenheimer & Co discusses Lululemon's international business and product differentiation strategy, comparing it to its 'mature' market in the United States.
Persons: Brian Nagel Organizations: Oppenheimer, Co Locations: China, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor market will likely be the 'top priority' in China's 2025 policymaking, economist saysRaymond Yeung, chief economist for Greater China at ANZ Bank, discusses what to expect from China's annual economic planning meeting next week, and says gross domestic product growth is "probably not a good indicator" of the Chinese economy's overall health.
Persons: policymaking, Raymond Yeung Organizations: Labor, Greater China, ANZ Bank Locations: Greater
AdvertisementAWS launched new AI chips that compete with Nvidia's GPUs. Amazon Web Services launched an upgraded line of AI chips this week, putting the company squarely in competition with Nvidia. Q: There have been a lot of headlines saying Amazon is out to get Nvidia with its new AI chips. AdvertisementIn a nutshell, we want to continue to be the best place for GPUs and, of course, Trainium when customers need it. Q: And you're not seeing that yet for AMD's AI chips?
Persons: Gadi Hutt, Hutt, Pat Gelsinger, It's, it's, We're, I'm, there's, Matt Garman, Matt, , Andy Jassy, Rufus Organizations: Nvidia, Intel, AMD, Amazon Web Services, Annapurna Labs, AWS's, Anthropic, Amazon, Blackwell, AWS, Rainier, Apple, Companies, Netflix Locations: Gadi Hutt
AdvertisementShake Shack's founder, Danny Meyer, said that always saying "yes" to the customer is risky. But he said that if taken too far, a company's strength in saying "yes" to the customer could become a weakness. "That doesn't work to the benefit of the average customer," Meyer said. "And the average customer may have a declining good experience because of all the hospitality we're giving, saying 'yes.'" AdvertisementRepresentatives for Shake Shack did not respond to a request for comment from Business Insider, sent outside regular business hours.
Persons: Danny Meyer, Meyer, Shake, Brian Sozzi, Sozzi, Brian Niccol, Niccol, Shake Shack Organizations: Yahoo, Park, Square Hospitality, Gramercy, Shake, Business Locations: New York
AdvertisementBernie Sanders is taking on ultra-processed food in his final weeks leading the Senate health panel. Sanders wants the US to catch up with other countries, which have cigarette-style warning labels for food. He is campaigning for legislation that would slap warning labels on the front of ultra-processed foods — a step other countries took years ago. Some argue mandatory warning labels would violate their right to free speech. Sanders hopes this discussion will harness the buzz around Kennedy's MAHA movement to make warning labels a policy priority.
Persons: Bernie Sanders, Sanders, Robert F, Kennedy Jr, Sen, it's, Obama, Michelle Obama's, Mande, They're, Katherine Miller, Miller, Sanders —, you've, Teeing, Rob Califf, Marty Makary, Makary, Kennedy Organizations: Cola, Coca Cola Company, American Beverage Association, Doritos, Companies, Drug Administration, FDA, RFK Jr Locations: America, United States, Mexican, Canada, Iran, Sri Lanka, Singapore, Mexico, Chile
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