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☆ Like digital locusts, OpenAI and Anthropic AI bots cause havoc and raise costs for websites
▼ + stars: | 2024-09-19 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +11 min

One study estimated that the world's supply of usable AI training data could be depleted by 2032. An OpenAI spokesperson said the company's bot was querying Coates' website roughly twice per second. But hungry AI botnets scrape first, ask questions later. "Utterly sick"Coates says his Game UI Database is back up and running and he continues to add to it. But Coates' story is emblematic of a bigger question: When AI comes to change the world, who bears the cost?

Persons: —, Edd Coates, Coates, Jay Peet, We've, Joshua Gross, Gross, Jennifer Martinez, Anthropic, Senecal, botnets, robots.txt, Roberto Di Cosmo, Di Cosmo, Tania Cohen, Cohen Organizations: Service, Business, OpenAI, Google, Microsoft, Software Heritage, Software Locations: It's

☆ The Fed 'moved too fast' with rate cuts and now risks reigniting inflation, analyst says
▼ + stars: | 2024-09-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

On the positive side, Wharton professor Jeremy Siegel called the decision the "best news" the Fed has offered in years. He said the Fed "moved too fast" with its 50-point cut. This is unusual, since investors will typically snap up these assets after a rate cut. Related storiesSome on Wall Street noted that the Fed's decision to cut beyond 25 basis points was essentially a signal that the central bank is moving past inflation. To Contopoulos point, this may be premature, as August's consumer price index report still stood above the 2% inflation target.

Persons: —, Wharton, Jeremy Siegel, Michael Contopoulos, Bernstein, Contopoulos, Powell, Narayana Kocherlakota Organizations: Service, Business, Bernstein Advisors, CNBC, Wall, University of Rochester

☆ The Fed's rate decision shows its focus has shifted from inflation to the labor market
▼ + stars: | 2024-09-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

The Federal Reserve cut rates by 50 basis points on Wednesday. Inflation is no longer the central focus on the Federal Reserve, they said. Go to newsletter preferences Thanks for signing up! AdvertisementThe Federal Reserve has finally delivered its first interest-rate cut in four years — and a jumbo-sized one at that. While inflation has long been seen as the Fed's sole mandate, it's also starting to show signs of concern for the job market.

Persons: —, it's Organizations: Federal Reserve, Service, Reserve, Business

☆ DryMerge aims to link your apps in one place. Here's the 8-page pitch deck its Gen Z founders used to raise $2.2 million.
▼ + stars: | 2024-09-19 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Edward Frazer and Sam Brashears have built software together since fourth grade, and that's exactly what they'll start with if you're a venture capitalist listening to their pitch for funding. The two 22-year-old cofounders and longtime friends started developing the API integration software known as DryMerge last year. "Sam and I have spent more time with each other than anyone else except probably our families, so we're just really, really good friends." When evaluating team risk, VCs also look for whether the co-founders can build the product the way they envision it. Here's the eight-page pitch deck that Frazer and Brashears used to secure their $2.2 million seed round for DryMerge.

Persons: Edward Frazer, Sam Brashears, Frazer, Slack, DryMerge, Sam, Brashears, VCs, they've Organizations: Service, Business, Garage Capital, Goodwater, Ritual, Yale University, University of Wisconsin Locations: Madison

☆ I pay for Costco's $120 executive membership even though I only shop for 2. Here are my favorite things to get from the frozen section.
▼ + stars: | 2024-09-19 | by ( Dominic Bucca | ) www.businessinsider.com time to read: +1 min

When it comes to frozen foods, I'm a big fan of the Kirkland Signature cod loins and salmon filets. I love pairing the store-brand blend of frozen berries with Kirkland Signature vanilla ice cream. 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 . Though I don't have a large family to feed, I pay for the store's executive membership, which has a 2% reward of up to $1,250 on qualified purchases.

Persons: — Organizations: Costco, Kirkland, Service, Business Locations: Kirkland

☆ Billionaire investor Ray Dalio warns debt is being devalued as governments pile it up and central banks keep rates artificially low
▼ + stars: | 2024-09-19 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

Billionaire investor Ray Dalio says he is worried by global debt levels and central bank policy. Returning to "artificial low real rates" could cause a depreciation in debt value, Dalio said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Yet, billionaire investor Ray Dalio isn't convinced that the Fed and other central banks' moves to lower rates will address the big problem: surging debt levels. Dalio said the amount of debt held by governments around the world is historically unprecedented, and could lead to a depreciation of debt as central banks push borrowing costs lower.

Persons: Ray Dalio, Dalio, —, Ray Dalio isn't Organizations: Federal Reserve, Service, Business

☆ I compared ice cream, soft serve, frozen yogurt, and frozen custard to see how different they actually are
▼ + stars: | 2024-09-19 | by ( Meredith Schneider | ) www.businessinsider.com time to read: +1 min

I reviewed the differences between vanilla ice cream, soft serve, frozen yogurt, and custard. Ice cream and frozen custard are the most similar in terms of how they're made. I don't think there's anything better than a scoop of regular ice cream. Go to newsletter preferences Thanks for signing up! Everyone has their preferences, but I still don't really know what distinguishes ice cream from soft serve, frozen yogurt, or frozen custard.

Persons: they're, — Organizations: Service, Business

☆ CNBC Daily Open: Markets seemed taken aback by the 50-point cut
▼ + stars: | 2024-09-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.

Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, Getty, CNBC, Dow Jones, Nasdaq Locations: Washington , DC

☆ The secret to a Netflix movie's success? Don't promote it.
▼ + stars: | 2024-09-19 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

When Netflix released a rundown of its most-watched movies and TV shows for the first half of the year on Thursday, its TV rankings offered few surprises. (Netflix bases the data on hours viewed for every title — original and licensed — that was watched for over 50,000 hours.) That robust landing page has allowed Netflix to eschew spending tens of millions of dollars promoting many of its original films. AdvertisementOf course, that's not the strategy for every single Netflix Original. Here's another example of Netflix's strategy in action.

Persons: Griselda, Ripley, Millie Bobby Brown, Kevin Hart's, John Wilson, that's, Eddie Murphy, Axel F, Murphy, Quim Vives, It's, Ted Lasso, Severance, it's, Napoleon, Martin Scorsese, Oscar, doesn't, baileylikemovie Organizations: Service, Netflix, Business, Society, Detroit Lions, Apple Locations: Beverly Hills, Sunset, Hollywood

☆ As a CEO, I don't share my personal life on LinkedIn. When my wife had another miscarriage, I posted about it so men know they're not alone.
▼ + stars: | 2024-09-19 | by ( Kelly Burch | ) www.businessinsider.com time to read: +1 min

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 . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. That changed earlier this month when I found myself struggling with a deep sadness after my wife, Kate, had her third miscarriage.

Persons: Daniel Robbins, Kate, — Organizations: Service, IBH, Business

☆ Overworked junior bankers at JPMorgan are getting someone to check on their well-being
▼ + stars: | 2024-09-19 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

JPMorgan has created a new role to oversee the well-being of junior bankers and analysts. JPMorgan capped junior bankers' hours at 80 a week earlier this month. 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 . AdvertisementJPMorgan Chase has created a new global role to oversee junior bankers and analysts and prevent overwork.

Persons: Wall, —, JPMorgan Chase, Ryland McClendon, McClendon Organizations: JPMorgan, Service, Reuters, Business

☆ My family of 4 ate dinner at Hooters for the first time. Our $93 meal was a surprisingly good value.
▼ + stars: | 2024-09-19 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

I take my family to chain restaurants in search of good value. 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 . At the same time, rising fast-food prices seem to only be making sit-down chains look like a way better value. Although I was never a big fan of sit-down restaurant chains, I recently began taking my family of four out to eat at them more often in search of good food and great value.

Persons: — Organizations: Hooters, Service, Business

☆ Pete Buttigieg is playing JD Vance in Tim Walz's VP debate prep
▼ + stars: | 2024-09-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

For the second time in four years, Pete Buttigieg is playing the GOP VP candidate in debate prep. Buttigieg is playing Sen. JD Vance as Gov. Tim Walz prepares for the October 1 debate. AdvertisementAs Tim Walz prepares for his debate with Sen. JD Vance, the Minnesota governor already reportedly has a stand-in for his vice presidential foe: Transportation Secretary Pete Buttigieg. According to The Washington Post, Buttigieg has been playing Vance in debate rehearsals with Walz.

Persons: Pete Buttigieg, Buttigieg, Sen, JD Vance, Tim Walz, Mike Pence, —, Vance, Walz Organizations: GOP, Transportation, Service, The Washington Post, Business Locations: Minnesota, Minneapolis

☆ Bill Gates says the rich would be a lot poorer if he set taxes — but banning billionaires isn't on his agenda
▼ + stars: | 2024-09-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Bill Gates said the wealthy would be about two-thirds poorer if he controlled the tax system. Sen. Bernie Sanders told Gates he would ban billionaires as nobody deserves such wealth and power. Go to newsletter preferences Thanks for signing up! AdvertisementBill Gates says if he set tax rates, the rich would be almost 70% poorer — but unlike Bernie Sanders, he would not outlaw billionaires. He revealed his ideal tax policy in an episode of his new Netflix series "What's Next?

Persons: Bill Gates, wouldn't, Sen, Bernie Sanders, Gates, — Organizations: Service, Microsoft, Netflix, Business

☆ Schumer takes steps to prevent shutdown as Speaker Johnson’s next move unclear
▼ + stars: | 2024-09-19 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +4 min

GOP presidential nominee Donald Trump has called for Republicans to shut down the government if they can’t pass the voting measure known as the SAVE Act. Many Democrats are pushing for an extension into December that would not include the SAVE Act, which is viewed as a non-starter in the Senate. “House Republicans don’t seem to have any plan for actually keeping the government open, so the Senate will step in,” Schumer said in floor remarks. “Many Republican House members, as many of you have reported, are smart enough to know if there is a shutdown, it will be a Republican shutdown. There never is a shutdown — hardly ever is a shutdown,” said Senate Majority Whip Dick Durbin, a Democrat from Illinois.

Persons: Chuck Schumer, Mike Johnson, Johnson, “ I’m, ” Johnson, we’ll, John Thune, Thune, ” Schumer, Schumer, “, ”, Donald Trump, Republicans don’t, ” “, I’m, ” Trump, isn’t, Dick Durbin, CNN’s Morgan Rimmer Organizations: Washington CNN, GOP, CNN, Republicans, SAVE, “, Trump, Truth, Republican Locations: Illinois

☆ Huawei's new trifold smartphone is being released tomorrow, and it's already creating a frenzy on resale sites
▼ + stars: | 2024-09-19 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Huawei's new smartphone is being listed on resale sites for three times its retail price. The Mate XT will feature a tri-fold design and have generative AI features. 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 . Huawei's new trifold smartphone, the Mate XT, is set to hit stores on Friday.

Persons: —, it's, Lin Shen Organizations: Service, Huawei, South China Morning, Business

☆ Colin Farrell says that taking off his makeup for 'The Penguin' was an 'utter relief' every single night
▼ + stars: | 2024-09-19 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +1 min

Colin Farrell looks completely different in "The Penguin" — and that's putting it lightly. Farrell told BI that it was an "utter relief" to remove the character's makeup each night. "Utter relief, utter relief," Farrell told Business Insider when asked how it felt to shed the Penguin after a day of shooting. "The Penguin," helmed by showrunner Lauren LeFranc, focuses specifically on his character Osgood "The Penguin" Cobb in the film's aftermath. This story is available exclusively to Business Insider subscribers.

Persons: Colin Farrell, Farrell, —, Oz Cobb, Matt Reeves, Robert Pattinson, Lauren LeFranc, Osgood, Cobb Organizations: Service, Business

☆ North Carolina GOP governor nominee Mark Robinson denies making racist and sexually graphic posts on porn forum
▼ + stars: | 2024-09-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

North Carolina Lt. Gov. North Carolina Republican gubernatorial candidate Mark Robinson called himself a "black NAZI" and said "slavery is not bad" in years-old comments on an online pornographic forum, CNN reported Thursday. The Trump campaign denied it was pushing Robinson to withdraw. Robinson in Thursday's video signaled he would not leave the race in North Carolina, where the first absentee ballots are set to be sent out Friday. Recent polls on the race for North Carolina's top job show Stein leading Robinson, at times by wide margins.

Persons: Mark Robinson, Robinson, Donald Trump, Michael Lonergan, Josh Stein, Trump, Brian Hughes, Stein Organizations: Gov, Republican National Convention, Milwaukee , Wisconsin . North Carolina Republican, CNN, CNBC, Republican, Democratic, Carolina Journal, NBC, North, Republicans, GOP Locations: Carolina, Milwaukee , Wisconsin . North, North Carolina

☆ Mark Cuban wants to take out Chinese knockoffs, and he says Kamala Harris is on the same page
▼ + stars: | 2024-09-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says he's talking to the Harris campaign about combating Chinese knockoffs. Cuban said knockoffs are a "plague on small businesses" and "may put them out of business." Go to newsletter preferences Thanks for signing up! AdvertisementBillionaire investor Mark Cuban says he's working with Vice President Kamala Harris' campaign to find ways to protect American companies from Chinese knockoffs. In an X post on Wednesday, Cuban said he "had an interesting conversation with the @KamalaHarris team about protecting American companies from Chinese Knockoffs."

Persons: Mark Cuban, Harris, counterfeiters, —, Kamala Harris, Cuban Organizations: Service, Business

☆ Trump says he plans to visit Springfield — its Republican mayor isn't so keen
▼ + stars: | 2024-09-19 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +1 min

Donald Trump says he plans to visit Springfield, Ohio, within the next two weeks. Springfield's Republican mayor said "it'd be fine with me" if Trump chose not to visit. Go to newsletter preferences Thanks for signing up! You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementFormer President Donald Trump announced on Wednesday night that he plans to visit Springfield, Ohio, in the coming weeks.

Persons: Donald Trump, Trump, — Organizations: Springfield's Republican, Service, Republican, Business Locations: Springfield , Ohio, Springfield's, Springfield, Aurora, Long Island , New York

☆ See the first video showing the US Air Force's B-21 Raider in flight
▼ + stars: | 2024-09-19 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

The US Air Force released a video showing the B-21 Raider stealth bomber taking off and landing. The force's newest bomber took its first flight last fall and is in production. AdvertisementThe US Air Force released the first footage of its new stealth bomber taking off and landing during flight testing. The testing marks a monumental moment for the B-21 Raider, which is shaping up to replace the branch's older bombers and become "the backbone" of its "flexible global strike capability," the Air Force said. The video was released Wednesday alongside the B-21 Update panel at the 2024 Air, Space and Cyber Conference by the Air and Space Forces Association.

Persons: — Organizations: US Air Force, Raider, Pentagon, Service, Air Force, Conference, Air and Space Forces Association, Business

☆ Read the memo 23andMe's cofounder sent to staff after the entire board quit
▼ + stars: | 2024-09-19 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

23andMe's board resigned over a 'distracting difference of view' with cofounder Anne Wojcicki. The board rejected an earlier proposal by Wojcicki to take the company private. 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 . Advertisement23andMe's entire board of directors resigned from the company over cofounder and CEO Anne Wojcicki's ongoing plans to take it private.

Persons: 23andMe's, Anne Wojcicki, Wojcicki, —, Anne Wojcicki's Organizations: Service, Business

☆ Sindh, Pakistan: Police fatally shoot blasphemy suspect in second such killing in a week
▼ + stars: | 2024-09-19 | by ( Associated Press | Story The | ) edition.cnn.com time to read: +4 min

Karachi, Pakistan — Police in southern Pakistan shot dead a blasphemy suspect during an alleged shootout with armed men, officials said Thursday, the second such apparent extra-judicial killing in a week, drawing condemnation from human rights groups. Videos circulating on social media showed local clerics throwing rose petals at police and praising officers for killing the blasphemy suspect. There was no immediate clarification from the Sindh government about the circumstances in which the suspect was killed. The latest killing comes a week after an officer opened fire inside a police station in the southwestern city of Quetta, fatally wounding Syed Khan, another suspect held on accusations of blasphemy. Pakistan has witnessed a surge in attacks on blasphemy suspects in recent years.

Persons: Shah Nawaz, Mohammed, Niaz Khoso, Nawaz, “, Khoso, ”, HRCP, Syed Khan, Khan, Mohammad Khurram, —, Islam Organizations: Pakistan — Police, Police, Local, Human Rights Locations: Karachi, Pakistan, Umerkot district, Sindh province, Mirpur Khas, Sindh, Umerkot, Quetta, Madyan, Punjab, Jaranwala

☆ 15 little-known facts about Phoebe that even die-hard 'Friends' fans may not know
▼ + stars: | 2024-09-19 | by ( Amory Rose | ) www.businessinsider.com time to read: +7 min

Even long-time "Friends" fans may not know some of the most intriguing facts about Phoebe, played by Lisa Kudrow. Phoebe once paused her vegetarian dietLisa Kudrow as Phoebe Buffay on "Friends." When she was younger, Phoebe mugged RossAfter Ross and Phoebe are mugged in season nine, Ross says the same thing happened to him as a teenager. AdvertisementRoss was the first of the friends that Phoebe metLisa Kudrow as Phoebe Buffay and David Schwimmer as Ross Geller. However, Phoebe mugged Ross 18 years before season nine, so she actually met Ross before meeting any of the other friends.

Persons: —, Phoebe Buffay, Phoebe, Lisa Kudrow, NBC Phoebe, Joey, isn't, Lily, Bob Balaban, Frank Buffay, Phoebe's, it's, he's, Frank Jr, Ursula Phoebe, Ursula, Chandler, Paul Rudd, Phoebe doesn't, Ross, Susan, Mike, Kudrow, David Schwimmer, Ross Geller, NBCUniversal, Monica, Rachel, She's, Denise, David Hume Kennerly Organizations: Service, Business, NBC, Getty Locations: Canadian, Vegas, Ross

☆ Hezbollah calls pager attack a 'declaration of war,' raising fears
▼ + stars: | 2024-09-19 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

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