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☆ I went to Alexis Ohanian's women's-only track event. It was exactly what I expected from a tech millionaire.
▼ + stars: | 2024-10-01 | by ( Manseen Logan | ) www.businessinsider.com time to read: +2 min

Ohanian's venture fund Seven Seven Six hosted the inaugural race, awarding over $500,000. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFor two weeks straight, my Instagram feed was flooded with ads featuring Reddit cofounder Alexis Ohanian promoting his latest investment, a futuristic women's-only track competition. What type of track event would a multimillionaire tech founder help to create? Ohanian calls it Athlos, and his venture fund Seven Seven Six just hosted the inaugural all-woman race on Thursday.

Persons: Athlos, Alexis Ohanian's, —, Alexis Ohanian, Tiffany, That's, Serena Williams, He's, Bob Iger, Willow, Ohanian, he's, It's Organizations: Tiffany, Service, Angel City FC, Paris Olympics Locations: New York

Consulting firms have faced increased employee turnover after layoffs and delayed start dates. For decades, business students and MBAs looked to consulting because the work was high in pay and prestige. AdvertisementThe lure of other industriesThe declining appeal of the consulting industry is most evident in the number of employees leaving. That's different from when he left in 2022, when there was a pandemic-fueled boom for consulting work. "When I was transitioning out of consulting, consulting was actually still all the rage.

Persons: —, MBAs, Jason Saltzman, Lightbank, Ezra Gershanok, Gershanok, Gorick Ng, Ng, Matt Sternberg, Sternberg, he's, who've, Consulting hasn't, Ernst, Young, Irmgard Naudin, Cate, Atli Thorkelsson, Thorkelsson Organizations: Service, Accenture, Technologies, McKinsey, Harvard University, Boston Consulting Group, BI, Big, Consulting, Redpoint Ventures, Business Locations: —, London

☆ Athlos: Lucrative prizes won by world’s top athletes at inaugural women-only event
▼ + stars: | 2024-09-27 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Some of the world’s best track and field athletes competed for lucrative prizes on Thursday, as the inaugural women-only Athlos event got underway in New York. The prize money is twice what athletes currently win at the Diamond League finale, according to Reuters. And I said, ‘Great, I’m going to double it for one single race,’” Ohanian previously told Reuters. Earlier this month, the Diamond League announced it would increase its prize money for the 2025 season. The total prize money per discipline will now be between $30,000 and $50,000 at regular meetings and between $60,000 and $100,000 for the season-finale.

Persons: Alexis Ohanian, Serena Williams, “, ” Ohanian, Gabby Thomas, Brittany Brown, Patrick Smith, ” Brown, Faith Kipyegon, Marileidy Paulino, Ohanian, Athlos, Michael Johnson Organizations: CNN, Diamond League, Reuters, Triple, National Women’s Soccer League, Angel City FC, – Locations: New York

Some attendees said they expected the evening to be like The Queen’s Ball: A Bridgerton Experience, an event affiliated with Netflix and Shondaland that is held in various cities across North America. The Detroit Bridgerton Themed Ball is also not affiliated with the show. As far as how organizers can rectify the situation, many attendees said they want their money back. Screenshots shared by some attendees in a Facebook group for the event suggest the tickets ranged in price between $119 and $1,000. “I spent so much on a look for this event,” Whitfield said.

Persons: “ Bridgerton, Netflix —, “, Myster Whitfield, eventgoers, Whitfield, Willy Wonka, Charlie, Chelsea Beard, ” Beard, Daphne, ”, Kimberly Pineda, ” Pineda, “ It’s, ” Whitfield, Rakisha Johnson, ” Johnson, Johnson, wasn’t, didn’t, haven’t, Pineda, Beard Organizations: Netflix, NBC News, Factory, WXYZ, “, Detroit Locations: Detroit, Glasgow, Scotland, North America, Instagram

☆ What made Reddit's IPO successful? Business leaders share key strategies for launching into the public market.
▼ + stars: | 2024-09-26 | by ( Jean Paik | ) www.businessinsider.com time to read: +4 min

Leaders recommend preparing for an IPO well in advance and tailoring the process to a company's needs. Reddit recently made its successful debut on the public market, pricing its shares at the top of the expected valuation range. Business Insider's virtual event "The Road to IPO," in collaboration with Fidelity, brought together a panel to discuss the key preparations, concerns, and decision-making strategies for business leaders looking to go public. "It gave us a chance to really think to practice being a public company without actually being one." Before and after going public, Rose said, the company has valued transparency with its employees.

Persons: —, Jesse Rose, Reddit's, Goldman Sachs, Watkins, Akin Oyedele, Elizabeth Reed, Rose, Reddit, Kristen Craft, Rick Kline, Latham, Spiegelberg Organizations: Fidelity, Service, Business, Reddit, Brunswick Group, Latham, Fidelity Private, Watkins, Bay Area

☆ Reddit's new AI translation could soon allow users anywhere to understand every comment in any language
▼ + stars: | 2024-09-25 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Reddit is launching AI-powered translation in 35 countries. Initially introduced for users in France, the tool now supports multiple countries. AdvertisementPretty soon anyone can understand any hilarious or offensive comment made on Reddit anywhere. Reddit is now letting users in 35 different countries translate posts into other languages using machine learning-powered AI. Reddit first introduced the AI-powered translation tool in May when it added a feature that allowed users to translate posts into the French language in France.

Persons: —, Reddit Organizations: Service, Business Locations: France, Brazil, Spain, Germany, Italy, Philippines, Latin America

☆ It looks like Sam Altman will get richer off of OpenAI after all
▼ + stars: | 2024-09-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI is working to revamp its business structure so that it's no longer controlled by a nonprofit board, according to a new report. This story is available exclusively to Business Insider subscribers. The company has been controlled until now by the nonprofit board — a relic of its original launch as a nonprofit in 2015. The company is seeking to remove a cap on returns for investors, sources told Reuters. "Feels part of the necessary normalization of OpenAI into a regular corporate structure, which paves the way to an IPO."

Persons: —, Sam Altman, OpenAI, Altman, Altman hasn't, he's, OpenAI didn't, Ilya Sutskever, Jan Leike, Greg Brockman, Mira Murati, Matt Turck, who's, Ada Organizations: Service, —, Business, Reuters, Street, Senate, Busines Locations: OpenAI

Annual fee Insider’s Take The Southwest Rapid Rewards® Premier Credit Card is worth considering if you fly Southwest, even occasionally. Southwest Rapid Rewards® Premier Credit Card OverviewThe Southwest Rapid Rewards® Premier Credit Card is the middle child of Chase's three Southwest consumer credit cards. Southwest Rapid Rewards® Plus Credit Card vs. Southwest Rapid Rewards® Premier Credit CardThe Southwest Rapid Rewards® Plus Credit Card is the "baby" card of the Southwest family. Southwest Rapid Rewards® Priority Credit Card vs. Southwest Rapid Rewards® Premier Credit CardThe Southwest Rapid Rewards® Priority Credit Card is Southwest's top-tier consumer credit card, and the option you should consider instead of the Southwest Premier if you frequently fly on this airline. The Southwest Rapid Rewards® Premier Credit Card has an "older sibling" — the Southwest Rapid Rewards® Priority Credit Card.

Persons: HBO Max, you'll, You'll, cardholders, Jasmin Baron, Read, Angela Fung Organizations: Business, Rewards, Card, Rapid, Southwest Premier, Southwest ®, Southwest, Southwest Premier cardholders, Apple, Disney, ESPN, HBO, Hulu, Netflix, Pandora, Paramount, Showtime, Spotify, YouTube, Southwest Premier Southwest, Central America, Rapid Rewards, Chase, Sapphire, Southwest Airlines, cardholders, TSA, Southwest Premier Chase, Finance Locations: Hawaii, Mexico, Caribbean, Central, Southwest airfare, Southwest, U.S, Chevron, Canada

☆ Social media platforms are using what you create for artificial intelligence. Here’s how to opt out
▼ + stars: | 2024-09-23 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

For companies running AI models, social media platforms offer valuable data. He added that he would opt out of allowing LinkedIn use his data for AI training. Different social platforms vary in terms of the options they give users to opt-out of contributing to AI systems. Here’s where some of the major social media platforms may be using your data to train and run AI models, and how (and if) you can opt out. LinkedInLinkedIn this week began giving users the choice to opt-out of having their data used to train it generative AI models.

Persons: New York CNN — OpenAI, —, ” David Ogiste, “, Elon Musk’s, Grok, ”, X, Snapchat, ’ selfies, Reddit Reddit, Reddit, won’t, private.Meta Organizations: New, New York CNN, LinkedIn, Nobody’s, CNN, Microsoft, ”, Media, Services, Google, Meta, Facebook Locations: New York, United Kingdom, Switzerland, Europe

☆ Sam Altman's Worldcoin turns your iris into a code for universal basic income. Its privacy chief wants you to chill about your data.
▼ + stars: | 2024-09-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. To get an iris code, you have to recombine all of those pieces.

Persons: Sam Altman's, Worldcoin, It's, Damien Kieran, Elon Musk, Kieran, they're, it's, Alex, Sam Altman Organizations: Service, Business, Companies, Humanity, Twitter, Google Locations: Germany, France, Kenya

NBC News interviewed 10 women who say they gave birth with Baker, two in Wisconsin before 2014 and eight in Mexico in the years since. On social media, accounts with the usernames “Heather Baker Midwife” and “heatherbakermidwife,” one of which had her photo, sent “cease and desist” messages to Nosek and another former client. John Beard, a spokesperson for the Wisconsin licensing agency, declined to answer questions about Baker, citing an ongoing investigation. After an initial check when Baker arrived, Nosek told NBC News, Baker checked his heartbeat only four times after her labor began. Baker, Nosek said, tried to resuscitate him.

Persons: Jennifer Nosek’s, Heather Baker, Nosek, ”, Nosek’s, Baker, isn’t, Rene Lamos Nosek, she’d, Baker’s, Baker didn’t, “, ” Caroline Clancy, John Beard, didn’t, Jordan, ” Nosek, “ I’m, Rene Lemos, Joaquin, wouldn’t, Stephanie Mitchell, ” Baker, Mexico’s, Aviva Romm, Romm, Misoprostol, Anna Moneymaker, aren’t, Gynecologists, Luciana Suarez, Luciana Suarez Luciana Suarez, Suarez, Luciana Suarez “, Heather, ” Suarez, ” Misoprostol, Becky Whitmore, Kate McLean, “ That’s, ” Robin Benedict, Allan Spencer, Robin Benedict Heather Baker, Robin Benedict's, Robin Benedict Robin Benedict, Benedict, Jennifer Nosek, Laurita, Lemos, Lemos couldn’t, ” Lemos, He’s, Baker scribbled, who’d, they’d, Julian Zaire, Jackie Dives, Sayulita, Luciana Suarez’s, Thai Shaffer, Julian, you’ll Organizations: Canadian, NBC, FBI, Wisconsin Department of Safety, Professional Services, NBC News, Milwaukee, Jordan Siemens, Getty, Services, American College of Obstetricians, OB, PayPal, American College of, ” Locations: Sayulita, Mexico, Nosek’s, Wisconsin, Nayarit, Mexican, U.S, Canada, Alabama, contrx, Washington, American, Nosek, British Columbia, Joaquin

☆ Here are Friday's biggest analyst calls: Apple, Tesla, Sunrun, FedEx, Reddit, Amazon, Nio, Capital One, Nike & more
▼ + stars: | 2024-09-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Centessa Pharmaceuticals, to overweight from equal weight Morgan Stanley said in its upgrade of Centessa that it's bullish on the biopharma company's narcolepsy treatment. Morgan Stanley downgrades Pepsi to equal weight from overweight Morgan Stanley said it sees "topline softness." Morgan Stanley names Nio a research catalyst idea Morgan Stanley said it's bullish on Nio after the China electric vehicle company debuted its latest model, the L60. Morgan Stanley downgrades FedEx to underweight to from equal weight Morgan Stanley downgraded FedEx following its disappointing earnings report on Thursday. Morgan Stanley reiterates Sunrun as overweight Morgan Stanley said the solar company has more room to run and that it's long term bullish on the company's partnership with Costco.

Persons: Jefferies, Morgan Stanley, Morgan Stanley downgrades Pepsi, Key, it's bullish, Riley, Reddit, Nio, it's, Bernstein downgrades Darden, Bernstein, Olive, DRI, Morgan Stanley downgrades ASML, Wells, Susquehanna, Evercore, Sunrun, Tesla, Mercado Organizations: Duke Energy, Centessa Pharmaceuticals, Amkor, China, UBS, Apple, RBC, FedEx, Deutsche Bank, American Airlines Deutsche, Susquehanna, Darden, Costco, Bank of America, Citi, Nike, Mercado Libre, Clearway Energy Locations: Nio, tailwinds, Olive, Argentina

☆ My mom died when she was 48. I'm 46, and I'm worried I won't see my kids grow up.
▼ + stars: | 2024-09-20 | by ( Jason Keil | ) www.businessinsider.com time to read: +5 min

I felt a tremendous sense of guilt when my mother unexpectedly died on Christmas Eve in 2004 at the young age of 48. I think some of it stems from the guilt I've felt over her death. "But it's not a given that if your mom or dad died young, you're definitely going to die young." "Guilt is there because our culture does not provide children, especially young ones, with the reason why their parents died," she explains. Soon, she says, I will begin to realize that just because my mother died young doesn't mean I will, too.

Persons: didn't, I've, I'm, Jumoke Omojola, Omojola, doesn't Organizations: Service, Business, Social, National Institutes of Health Locations: Illinois, Kansas City , Missouri

Users also “lacked any meaningful control over how personal information was used for AI-fueled systems” on the companies’ platforms, according to the report. The report includes staff recommendations calling for federal privacy legislation, as well as more efforts from companies to prioritize privacy in their data collection and recommendation systems. "Protecting users – especially children and teens – requires clear baseline protections that apply across the board," the FTC said in the report. The privacy of children and teens were not adequately protected on these social media platforms and streaming services, according to the report. However, children and teens are known to be on social media, and the FTC wrote that companies "should not ignore this reality."

Persons: Lina Khan, –, Twitch, Kate Sheerin, Sheerin Organizations: Federal Trade Commission, Committee, Energy, Commerce, FTC, Amazon, Facebook, Meta, Twitter, YouTube, COPPA Locations: Canada

☆ iPhones are suggesting people 'Check In' with their exes. Yikes!
▼ + stars: | 2024-09-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Instead of Check Ins only being set up manually, people are getting suggestions popping up on their iPhone screens to remind them to set up a Check In — with random contacts, like exes and bosses. Some people are getting "Check In" suggestions on their iPhones. But the suggestion isn't mutual — Max told me he sometimes gets a suggestion to Check In with his upstairs neighbor. AdvertisementIt's possible to turn off "Siri Suggestions" in both Messages and Maps — which might stop this feature. But this would also mean any other helpful Siri suggestions you like would get turned off.

Persons: you've, We've, Max, Siri, we're, They're, Apple, Kylie Robison, Robison, John Organizations: Service, Business, Apple

☆ This star of 'The Secret Lives of Mormon Wives' says her husband is related to Ben Affleck. The genealogy records we found tell a different story.
▼ + stars: | 2024-09-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +7 min

And now, the show about a group of Mormon influencers has yet another controversy — this one involving Ben Affleck. Well, Ben Affleck probably shouldn't be involved at all (more on that later). William Preston Affleck was born in 1801 in Scotland and moved to England sometime before 1825, eventually settling in Preston. It's impossible to say definitively that Zac Affleck and Ben Affleck are not very distant cousins. What the public records show, however, is that Zac Affleck and Ben Affleck are not second cousins, or third cousins, or even fourth cousins.

Persons: —, TikTokers, influencers, Ben Affleck, Jennifer Affleck, who's, Zac Affleck, Zac Ben's, Zac, Ben's, Jennifer Lopez's, Ben, they're, Jen, She's, didn't, Dave Affleck, Scotland Ben, Casey Affleck, Chris Pizzello, Ben Affleck's, Affleck, Myron Affleck, Jr, William Affleck, Zac Affleck's, Preston, William Preston Affleck, William, William Smith Muir, Muir, Joseph Smith, it's, William Afflecks Organizations: Service, Business, AP, Hulu, New York Times, Census, Scottish Locations: Utah, Scotland, Boston, Massachusetts, Rhode Island, Yonkers , New York, Glasgow, Yonkers, United States, U.S, Preston, Lancashire, England, Nauvoo , Illinois

☆ YouTube ads can play even when your screen is paused now
▼ + stars: | 2024-09-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —First, YouTube subjected viewers to longer unskippable ads. The Google-owned platform confirmed Thursday that it has “widely rolled out Pause ads to all advertisers.” When the video is paused, an ad will pop up on the side of the screen, according to social media posts. You’re putting up ads when you pause a video now?,” one X user posted. Though not revealing specific financial insights, the company said the pause ads were profitable. “Initial results show that pause ads are driving strong brand lift results and are commanding premium pricing from advertisers,” Schindler said during the April call.

Persons: Google’s Philipp Schindler, ” Schindler Organizations: New, New York CNN, YouTube, Google, CTV Locations: New York

☆ The company behind Sam Altman's iris-scanning ID startup just revealed new tech. Its privacy chief explains how it works.
▼ + stars: | 2024-09-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. The one person that can access that information is the owner of the world ID — the user.

☆ Here's what Morgan Stanley, Wells Fargo stand to gain from lower interest rates
▼ + stars: | 2024-09-18 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

The Club has stayed with Morgan Stanley on expectations that its investment banking outfit will flourish again. At Wells Fargo , the Club's other financial name, lower rates should help its burgeoning investment banking business. Wells Fargo shares year-to-date have performed better than Morgan Stanley, gaining 11%. WFC YTD mountain Wells Fargo (WFC) year-to-date performance The Corporate and Investment Banking division makes up 23% of overall revenue. To be sure, Wells Fargo management said during July's second-quarter earnings call that the bank will continue to de-risk its office portfolio.

Persons: Banks, Erica Groshen, Morgan Stanley, Morgan, Jim Cramer, Jim, Goldman Sachs, Charlie Scharf, Wells, July's, Jim Cramer's, Jerome Powell, William McChesney Martin, Chip Somodevilla Organizations: Federal Reserve, New York Fed, CNBC, Cornell University, Fed, Investment, Morgan Stanley's Institutional Securities, Morgan Stanley's, Wells, Investment Banking, CIB, Federal Reserve Bank, Getty Locations: Wells Fargo, Wells, Washington ,

☆ Jane's Addiction cancels tour after Perry Farrell, Dave Navarro fight
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +15 min

The remainder of the reunion tour by the original lineup of Jane’s Addiction, the group’s first in 14 years, has been canceled. At that point, Farrell was seen throwing a punch at Navarro, though it wasn’t clear from the footage whether it really landed. While Dave was keeping Perry at arm’s length to de-escalate the situation, Dan rushed over to de-escalate as well by holding Perry back. Farrell sang well, Perkins crushed it behind the kit, Navarro shredded and Avery anchored the band with his steady work on bass. … However, when it came to singing the songs, Farrell nailed most of them.”The tour by Jane’s Addiction was a co-headlining one shared with another veteran ’80s/’90s band, Love & Rockets.

Persons: Dave Navarro, Perry Farrell‘s, Farrell, ”, Navarro, Eric Avery, “, Perry Farrell, ” Navarro, Dave, Eric, Stephen, Perkins, Etty Lau Farrell, Avery, who’ve, —, hasn’t, Avery overreacted, Etty, Perry, cussing, ” Etty, Dan, Kevin, Eric nonchalant, “ Dave, “ Farrell, ” Farrell, JamBase, ’, Jane’s Organizations: Live Nation, Rockets, YouTube, Boston’s, Bank, Tampa, “, Jane’s, Hartford Healthcare, WI, Huntsville, South Star, UT, Sandy, WA, Veterans Memorial, Sierra, Sun, San Francisco , CA Locations: Bridgeport , Toronto, Rochester Hills, Milwaukee, Chicago, Indianapolis, Huntsville, St, Louis, Denver, Sandy, Seattle, Portland, Reno, San Francisco, Los Angeles, L.A, Connecticut, Boston, upstage, Florida, New York City, New York, Las Vegas, Bridgeport, CT, Hartford, Toronto, MI, White, — Reno, San Francisco ,, Los Angeles ,

☆ How AI images of cats and ducks powered the pet-eating rumor mill
▼ + stars: | 2024-09-14 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

The rumor mill about immigrants attacking household pets got its start in thinly sourced anecdotes shared at government meetings and on social media. Some of the images shared by social media users were openly prejudiced, showing Black people chasing after cats. These images and videos often create a more engaging and shareable post — regardless of whether they’re based in truth. There were cats holding military-style rifles to defend themselves, cats holding up political signs, cats and ducks sitting side-by-side, AI-generated humans holding cat-related signs and cats and ducks being cuddled by Trump. At least two of the widely viewed AI videos of Trump and animals were made using the software of Chinese AI startup MiniMax, according to watermarks on the videos.

Persons: Donald Trump, Elon Musk’s, Trump, Kamala Harris, A.J, Bauer, ”, ” Bauer, they’ve, Harris, ” Imran Ahmed, ” Ahmed, Jack Posobiec, Posobiec, Black, Jimmy Kimmel’s, Eric Swalwell, “, ” Trump, Alice Marwick, ” Marwick, we’ve, MiniMax Organizations: University of Alabama, Adobe, Local, Trump, Center, Judiciary, Republicans, Data & Society, Marwick, Consumers Locations: Springfield , Ohio

☆ California attorney general warns tech platforms to look out for voter deception ahead of election
▼ + stars: | 2024-09-11 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

California Attorney General Rob Bonta cautioned executives at social media and other tech companies to work harder to protect voters from "deception, intimidation, and dissuasion," ahead of the November election. The letter reviewed sections of California law that prohibit interference with voting rights by misleading people about voting place and time and by using intimidation tactics. The letter follows pop icon Taylor Swift's endorsement of Kamala Harris for president on Tuesday night following the debate. Separately, X owner Elon Musk recently shared an AI-generated image portraying Harris dressed as a communist dictator. In August, an updated version of xAI's product, Grok-2, appeared to carry few limitations on creating fake images of political figures.

Persons: Rob Bonta, Bonta, Taylor, Kamala Harris, Swift, Donald Trump, Trump, Elon Musk, Harris, Kamala, Musk, OpenAI's Dall, Musk's Organizations: Microsoft, YouTube Locations: California

☆ GameStop craters as earnings show sales falling and profits driven mostly by its huge cash pile
▼ + stars: | 2024-09-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

GameStop stock plunged on Wednesday after revealing a 31% revenue decline in its second-quarter earnings. The video game retailer's revenue drop comes amid the industry's shift to digital game downloads. AdvertisementGameStop investors received a sobering wakeup call on Wednesday after the video game retailer saw its stock plunge as much as 18%. GameStop's earnings revealed a sharp 31% revenue decline to $798 million as the video game industry accelerates its transition from physical game sales to digital game downloads. AdvertisementAside from the sharp revenue decline, GameStop reported a slight profit surprise with adjusted earnings per share of $0.01 higher than the -$0.09 estimate from Wall Street.

Persons: —, Keith Gill, Ryan, Ryan Cohen's GameStop Organizations: GameStop, Service, Nintendo, Sega, Wall, Federal, SEC

Mint shut down back in March, but people are still searching for a replacement budgeting app. Free budgeting apps are becoming less common, but there are still a few options to try. It's left a significant gap for people who prioritize free budgeting tools, and even months after Mint's closure, Reddit users are still looking for a good replacement. "That was Mint's biggest draw, that it was a free budgeting app," explains Mykail James, MBA, certified financial education instructor, and owner of BoujieBudgets.com. AdvertisementWe'll explain the current budgeting app environment and share tips on how you can choose the best budgeting app for you.

Persons: —, Everyone's, It's, Mykail James, Eric Croak, James, Croak, haven't, I've, they've Organizations: Mint, Service, Croak, Quicken

☆ Video game actors fight for AI protections and compensation for their 'digital replicas' amid a gaming market slowdown
▼ + stars: | 2024-09-11 | by ( Helen Li | ) www.businessinsider.com time to read: +7 min

Making a creature come to life in a video game is a collaborative process, where she interprets the directions to bring characters to life. Interactive media contract negotiations between SAG-AFTRA and video game studios have been ongoing since 2022 and have stalled due to disagreements over AI protections. Tensions in the ongoing video game strikes arose over how AI can be used for "digital replicas" and whether actors can be compensated for them. If you've played video games at all, that is almost never the case," Norris said. Related storiesThese negotiations take place amid a slowdown in the $200 billion video game industry.

Persons: —, Andi Norris, Norris, AFTRA, you've, Audrey Cooling, Linsay Rousseau, Rousseau, Connor Fogarty, Fogarty, Sarah Elmaleh, Sean Rohani, Rohani, Elmaleh Organizations: Service, Business, Interactive, SAG, Hollywood, Writers Guild of America, Activision, Union, of Locations: Los Angeles, Ethovox

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