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Sergey Brin was subpoenaed in a lawsuit involving JPMorgan, The Wall Street Journal reported. The US Virgin Islands is suing JPMorgan over its connections with the sex offender Jeffrey Epstein. The US Virgin Islands sued JPMorgan late last year, saying it "knowingly facilitated, sustained, and concealed the human trafficking network operated by Jeffrey Epstein." It hit back at the Virgin Islands' lawsuit by saying the jurisdiction did "nothing to stop" Epstein's trafficking operation and was seeking to deflect blame. The US Virgin Islands and JPMorgan didn't immediately respond to requests for comment from Insider, made outside normal working hours.
In this article HJPM Follow your favorite stocks CREATE FREE ACCOUNTA mugshot of Jeffrey Epstein released by the U.S. Justice Department. The subpoenas demand communications and documents related to the bank and Epstein, The Journal noted. The bank earlier this month sued former JPMorgan investment banking chief Jes Staley, claiming he is responsible for the suits related to Epstein. A lawyer for the Virgin Islands earlier this month said in court that Dimon knew in 2008 that Epstein was a sex trafficker. That was the year that Epstein first was hit with sex crime charges in state court in Florida.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle founder Sergey Brin and three others to get subpoenas in JPMorgan Epstein lawsuitGoogle founder Sergey Brin and three other billionaires are set to be served with subpoenas in the JPMorgan Epstein lawsuit. CNBC's Eamon Javers has the details.
Google is making its AI chatbot, Bard, available to the public. Bard works much like OpenAI's chatbot ChatGPT, although there are some differences. The company said that it will grant access to its artificial intelligence chatbot, known as Bard, in the US and UK starting Tuesday. Users will be met with a warning that "Bard will not always get it right" when they open it. Google will improve Bard over time, and users will be able to submit written feedback about their experiences.
Google (GOOGL), which for years ranked as the top company to work for in the United States, laid off thousands of workers by e-mail. During her early years there, she worked in marketing and became known as the “The Bard of Google” for the internal emails she sent celebrating the company’s culture. Google employee affected by January layoffs“The problem was, suddenly, you didn’t work for a company that was sending stuff to space or building autonomous cars,” Rout said. Hundreds of Google employees in Switzerland staged a walkout last week to protest layoffs, partly out of frustration with the lack of transparency. About a month before the January layoffs, one former employee said Google painted “You Belong” on one of the walls in their working area.
Google has stopped selling its Glass Enterprise smart glasses, the company announced on Wednesday on its website. Glass Enterprise was the successor to Google Glass, a lightweight glasses product that displayed tiny bits of information on a transparent screen in the user's field of view. Google's retreat comes as rivals, including Meta and Apple , are investing in augmented reality and virtual reality technology which could end up in devices that are much more sophisticated Google Glass. The discontinuation of Glass does not mean that Google has given up on augmented reality or smartglasses, though. Last summer, Google previewed a different pair of smartglasses that could translate and transcribe speech in real-time, and said it would continue to test augmented reality glasses prototypes in public.
Alphabet (GOOGL), Meta Platforms (META), Ford Motor (F) and Estee Lauder (EL) are the four Club holdings that maintain a dual-class structure. Dual-class stock structures generally designate shares as part of Class A or Class B, with one carrying more weight than the other. Google Co-founders Sergey Brin and Larry Page took their nascent firm, now Alphabet, public in 2004 with a dual-class stock structure. Advantages A dual-class structure allows founders, C-suite executives or key investors to maintain control and execute their long-term vision for the business. Bottom line Dual-class shares are not ideal, but they're not a deal breaker either.
A new generation of airships is taking to the skies
  + stars: | 2023-03-03 | by ( Rebecca Cairns | ) edition.cnn.com   time to read: +8 min
It’s an airship, and French aeronautics company Flying Whales hopes its hybrid-electric, helium-lift vessel will change the shape of sustainable transport. Flying Whales' airships, pictured here in a render, could access remote locations without roads, railways or airports. That’s why most companies, including Flying Whales and LTA Research, are using helium, which is non-flammable. Prentice is also the founder and president of BASI, a Manitoba-based company specializing in airships adapted for cold climates. Flying Whales expects to test its first airship at the end of 2025, with commercial operations beginning in 2027 once the airship is certified.
Persons: , Romain Schlack, Sergey Brin, It’s, Barry Prentice, Prentice, , Schlack Organizations: CNN, Flying Whales, ” Airship, Research, Google, LTA Research, Moffett, American Chemical Society, Asper School of Business, University of Manitoba, Prentice ., FAA, European Aviation Safety Agency, Libre de Bruxelles, Prentice, Companies, Akron Airdock, Vehicles, Air Vehicles Locations: San Francisco, California, Manitoba, Prentice . California, Belgium, Laruscade, Bordeaux, France, Ohio, San Francisco Bay, England, Quebec, Asia, Canada
With the launch of Meta Verified, Mark Zuckerberg is appearing more like Elon Musk by the day. Now, let's look at why people are starting to say that Zuckerberg "idolizes Elon Musk." With the announcement of Meta Verified, Meta's new verification subscription service for Facebook and Instagram, many have drawn comparisons between Mark Zuckerberg and Elon Musk. Schilsky added: "I think it's clear that Mark Zuckerberg idolizes Elon Musk." Black VCs like Beta Boom's Kimmy Paluch are addressing long-standing diversity, equity, and inclusion issues in the industry head-on.
Ex-Googler Claire Stapleton said her perspective on Google's culture has shifted dramatically over the years. Stapleton said she was once a "cheerleader" for Google, but now she sees its culture as "quite grim." In 2018, Stapleton, organized a protest, walking off the job along with about 20,000 Google workers in response to the company's handling of sexual harassment allegations. Now nearly four years later, Stapleton says she sees Google's culture as "quite grim," especially since the company laid off about 12,000 employees in February. Stapleton is one of several former Google workers to speak out against the company in recent months.
YouTube CEO Susan Wojcicki says she's stepping down
  + stars: | 2023-02-16 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +2 min
YouTube CEO Susan Wojcicki speaks during the opening keynote address at the Google I/O 2017 Conference at Shoreline Amphitheater on May 17, 2017 in Mountain View, California. YouTube CEO Susan Wojcicki said Thursday that she's stepping down. Wojcicki, 54, joined YouTube as the CEO in 2014. Wojcicki said she agreed with Alphabet CEO Sundar Pichai to, in the longer term, take on an advisory role across Google and Alphabet. "When I joined YouTube nine years ago, one of my first priorities was bringing in an incredible leadership team."
Sergey Brin last month appeared to make his first request in years to access code, Forbes reported. The Google cofounder made the request on January 24 following the release of ChatGPT. It follows reports of Alphabet CEO Sundar Pichai asking Larry Page and Brin for help in the AI battle. In December, Pichai called Larry Page and Brin following a "code red" following the release of ChatGPT. While Brin's code access was followed by a small technical change, some employees didn't welcome his request, Forbes reported.
OpenAI CEO Sam Altman called Google a "lethargic search monopoly" in an interview on Tuesday. Google has said it's own ChatGPT rival, Bard, will be coming to the public in a matter of weeks. Altman said he sees tremendous upside to Microsoft's decision to incorporate OpenAI's technology into its search engine. Microsoft announced the integration of an AI language model into its "new Bing" search engine on Tuesday. Google's search engine represented over 91% of the global search market in the past 12 months, while Bing accounted for about 3%, according to data from SimilarWeb.
Alphabet shares fall 7% following Google's A.I. event
  + stars: | 2023-02-08 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +3 min
During the event Wednesday, which was livestreamed from Paris, Google executives discussed some of Bard's capabilities. Shares of Alphabet slid during the event, suggesting that investors were hoping for more in light of growing competition from Microsoft. Google's event took place just one day after Microsoft hosted its own AI event at its headquarters in Redmond, Washington. Microsoft's event centered around new AI-powered updates to the company's Bing search engine and Edge browser. Though Microsoft's latest AI investments increase the pressure on Google search, some analysts say it will take time for Microsoft to see any significant gains.
Bill Gates says AI chatbots like ChatGPT will become "every bit as important" as PCs or the internet. Gates' Microsoft helped launch the era of personal computers decades ago. "This is every bit as important as the PC, as the internet," the Microsoft cofounder added. According to Gates, AI could have a similar impact on society. The company also called in Google cofounders Larry Page and Sergey Brin to help address the issue, the Times reported in January.
Alphabet and Google CEO Sundar Pichai said Thursday that the company will soon add advanced AI features to its search engine. Pichai said that it will release the large language model "in the coming weeks and months" so the company can get more feedback. Weakness in the advertising business appeared in an 8% revenue decline in YouTube's advertising revenue and a 2% fall in Google's Search and Other revenue. Google's prime business is web search, and the company has long touted itself as a pioneer in AI. But generative AI products like ChatGPT could pose a threat to the entire model of internet search, as they can provide creative answers to more complicated queries.
Gmail creator Paul Buchheit says Google is only one or two years away from "total disruption" due to AI chatbots. The engineer said advancements in AI like ChatGPT could make Google's search engine irrelevant. "Google may be only a year or two away from total disruption," Buchheit tweeted on Wednesday. "AI will eliminate the Search Engine Result Page, which is where they make most of their money. At the time, The Information had reported that Microsoft planned to use ChatGPT to power its own search engine, Bing.
Berkshire Hathaway stock is trailing the S&P 500's 5% gain and the Nasdaq's 10% jump this month. Amazon stock has jumped 17% this year, while Microsoft stock has inched up 1%. Investors flocked to Berkshire stock in 2022, sending its stock price up about 3% even as the S&P 500 slumped 19% and the Nasdaq tumbled by one-third. While Buffett is the only top-10 billionaire in the red this year, he's still ranked fifth in the index. Adani Group's stock price has plunged in recent days after short-seller Hindenburg Research released an incendiary report on the company.
Google CEO Sundar Pichai led the companywide meeting and told employees that executives will see their bonuses cut. "I understand you are worried about what comes next for your work," Pichai said. Prior to the job cuts, Google had made the decision to pay out 80% of bonuses this month with the rest expected in March or April. Thomas Kurian, the CEO of Google Cloud, offered some perspective on the areas that saw cuts. Last month, Google employees asked executives at an all-hands meeting whether the AI chatbot ChatGPT represents a "missed opportunity" for Google."
Google asked Larry Page and Sergey Brin for help combatting ChatGPT, per The New York Times. The release of OpenAI's writing bot sparked concerns over the future of Google's search engine. The release of ChatGPT on November 30 has sparked internal concerns over the continued dominance of Google's search engine. Vic Gundotra, a former senior vice president at Google, told The Times the cofounders had always been keen on AI. Page was reportedly unimpressed with a new Gmail feature in 2008, saying: "Why can't it automatically write that email for you."
Insider reporters were in attendance — here's the inside scoop …If this was forwarded to you, sign up here. Now, on to this week's top stories …David Solomon is the CEO of Goldman Sachs. Michael Kovac/Getty ImagesGoldman Sachs conducted its worst layoffs in over a decade this week. One laid-off associate called it the "doomsday," adding: "Every 10 minutes, I just kept hearing that someone was being let go." We talked to Goldman Sachs employees who were fired — here's what they told us.
Google's moonshot factory is coming down to Earth
  + stars: | 2023-01-10 | by ( Hugh Langley | ) www.businessinsider.com   time to read: +12 min
The project, known internally by its codename, "Valkyrie," was the typical science-fiction-sounding idea that Google's self-described "moonshot factory" was designed to dream up. But amid a lack of successful launches and a tech industry facing economic headwinds, insiders say the lab is now hitting the hard-reset button and rethinking its purpose within Alphabet, Google's parent company. X swapped standard corporate titles like "Communications Lead" and "Manager" for grander and more-nebulous names like "Factory Whisperer" and "Firestarter." Its internet-balloon unit, Google Loon, meant to bring people in rural areas online, was shuttered in January 2021. "I think the infusion of VC people is a good thing," one former senior X employee said.
I'm Matt Weinberger, deputy editor of Insider's tech analysis team, filling in for my colleague Diamond Naga Siu for the next few days. It's yet another sign that the tech industry is very different than it was even a year ago. A moonshot in the foot for Google: Insider's Hugh Langley reports that Google's X Development is scaling back from its pioneering, famously envelope-pushing roots as a tech research lab. Instead, it'll focus on initiatives that actually make money for Google and its parent company Alphabet. Read Insider's in-depth review of the newest model of the iPad Pro, released in late 2022.
In a quiet harbor in California's Redwood City, 30 miles south of San Francisco, there often sits a gleaming 40-meter yacht flying the flag of the Marshall Islands. Along with Butterfly, which often docks in Redwood City, California, Brin maintains a growing flotilla of yachts, jet skis, and skiffs. To maintain the fleet, Brin employs a 50-person team around the globe, led by the master mariner Mike Gregory. InsiderMany of Brin's smaller water-sports toys — as well as Page's — have been supplied by Kai Concepts, a startup that builds high-tech aquatic vehicles, including foilboards and a kite-propelled boat. While he spends much of his time at his collection of tropical islands around the world, he has sold his superyacht Senses and downsized to an assortment of smaller vessels.
I'm Diamond Naga Siu, and today, we're looking at where tech workers are getting hired. Startups and Big Tech have major cultural differences, according to some startup founders. My colleague Rebecca Knight and I found that tech jobs remain abundant — they just aren't necessarily in the tech industry. Elon Musk ≠ Steve Jobs. Many industry experts are quick to compare Tesla to Apple and Musk to Jobs.
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