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☆ Amazon is hedging its big bet on Anthropic with its own AI video model, report says
▼ + stars: | 2024-11-28 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

AdvertisementAmazon is developing a new AI model called Olympus for video analysis, The Information reported. Amazon-backed Anthropic has already launched its own multimodal model for images and videos. Amazon may have doubled down on its investment in Anthropic, but it also appears to be hedging its AI bets by developing its own model that can process images and video in addition to text. The tech giant's new model, code-named Olympus, could help customers search video archives for specific scenes, The Information reported. The development and launch of Olympus could reduce Amazon's dependency on Anthropic for multimodal AI, especially if the new video model becomes as a cheaper alternative.

Persons: Anthropic, chatbot Claude Organizations: Anthropic, Olympus, AWS, Web Service, Big Tech Locations: Anthropic

☆ I'm a C-suite executive and breadwinning mom. I feel pressure to be exceptional and always worry I'm letting someone down.
▼ + stars: | 2024-11-28 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

AdvertisementC-suite executive Michaella Solar-March's husband became a stay-at-home dad in 2017. We both used to work full-time jobs with nontraditional hoursMy husband worked in hospitality and often got called in on nights and weekends to cover shifts. We decided in 2017 that my husband would be a stay-at-home dad, and I'd continue to work as the family's breadwinner. When my husband first became a stay-at-home dad and I became the breadwinner, I struggled with our new identities. I'm fully committed at work and home but always feel I'm letting someone down.

Persons: Townes, Alex, nannies, I'm, Roma, Dad, Lauryn Haas Organizations: Soho House, lhaas Locations: New York City, Brooklyn

This surge means that coffee prices across the board — from fancy beverages made from Arabica beans to robusta-fueled instant coffee — are almost sure to cost more for the everyday consumer. On Wednesday, the global benchmark for arabica coffee — March 2025 arabica coffee futures — ended 4.6% higher on the Intercontinental Exchange (ICE) at $3.2305 per pound, after hitting their highest level since 1977. Food giant Nestlé, the world's largest coffee maker, said last week that it will hike prices to deal with the rise in coffee prices. Coffee drinkers are already paying more: Data from the US Bureau of Labor Statistics show coffee prices for urban consumers rose sharply from July 2021 to February 2023. Speculators jumping into the coffee marketGiven the confluence of factors pushing up coffee prices, non-commercial speculators, such as funds, are joining the market.

Persons: arabica —, Jason Miller, Guilherme Morya, Morya, —, Christopher Tang, Tang, Donald Trump, Miller, Sucafina Organizations: Intercontinental Exchange, ICE, US Bureau of Labor Statistics, Michigan State University, Farmers, Reuters, Rabobank, Colombia —, UCLA, European Union, BMI Research, European Commission Locations: Brazil, Vietnam, Colombia, Honduras, Canada, Mexico, China, Trump's, Swiss

☆ 6 charts show why Gen X is so bummed about money right now
▼ + stars: | 2024-11-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

AdvertisementAs many Americans struggle with a high cost of living, Gen X is in a particularly tight spot. Gen X has the highest income of all but also the highest debt. As a Bank of America Institute research note said, Gen X has seen its discretionary spending drop the most of all generations. The analysis attributed that, in part, to Gen Xers trying to sock away more for retirement and investing more. AdvertisementBut as Bank of America notes, Gen X is in the "sandwich" phase of life: Some are juggling supporting adult children and older relatives.

Persons: X, Gen X, Xers —, they're, Xers, Gen Xers, I'm, Wendy Graham, Barbara Lose, Graham, who's, Xer Organizations: Federal Reserve Bank of Philadelphia, Philadelphia Fed, Bank of America Institute, of Labor Statistics, Bank of America, University of Michigan's Locations: Philadelphia, Florida

Learn moreAmong the most-anticipated Black Friday beauty sales of 2024, Fenty Beauty by Rihanna tops our list. View at Fenty What we like Check mark icon A check mark. View at Fenty What we like Check mark icon A check mark. View at Fenty What we like Check mark icon A check mark. The Fenty Black Friday sale started on Wednesday, November 27, and will continue through Cyber Monday, December 2.

Persons: Rihanna, Beauty's, shea Organizations: Business, Fenty

☆ Trump may be more likely to get a deal from Russia if he backs Ukraine's resistance
▼ + stars: | 2024-11-28 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +3 min

Donald Trump may be more likely to get a peace deal from Russia if he places Ukraine in a position of strength, according to analysts. It's a move that may concern the US' European allies, with Kellogg previously having suggested handing over Ukrainian territory to Russia. Military and political leaders in Europe are warning that a deal that hands too much to Russia will likely just be a prelude to further conflict. In recent months, Russia has exploited Ukraine's lack of manpower and artillery, making significant advances in east Ukraine. Ultimately, achieving a lasting peace deal in Ukraine will depend on deterring Russia, not on walking away.

Persons: Donald Trump, Trump, Keith Kellogg, It's, Kellogg, John Lough, it's, Joe Biden, Evelyn Farkas, Putin, Farkas Organizations: Ukraine, Military, Chatham House, Trump, Kremlin, McCain Institute, CNN Wednesday Locations: Ukraine, Russia, European, Europe, Eurasia, Chatham, Kyiv, Washington , DC

☆ Rachael Ray's 5 tips for turning Thanksgiving leftovers into delicious family meals
▼ + stars: | 2024-11-28 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

AdvertisementRachael Ray shared her go-to recipes to transform Thanksgiving leftovers into delicious meals. You don't need to let a fridge full of Thanksgiving leftovers go to waste. Business Insider spoke to celebrity chef Rachael Ray at last year's Burger Bash, an event during the New York City Wine & Food Festival, about her go-to recipes for transforming Thanksgiving leftovers like turkey, stuffing, and cranberry sauce into delicious meals. Her recipes include quick weeknight dinners, comfort foods, budget-friendly meals, and ways to get creative with leftovers. Here are five easy ways to transform your Thanksgiving leftovers, according to Rachael Ray.

Persons: Rachael Ray, Curry, Burger, Ray Organizations: Business, New York, Wine, Food, Food Network

☆ As many as one in 10 coders are 'ghost engineers,' Stanford researcher says, lurking online and doing no work
▼ + stars: | 2024-11-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

His research, which hasn't been peer-reviewed, found that about 9.5% of coders were "ghost engineers.' AdvertisementMeasuring output is difficultDenisov-Blanch calls these workers "ghost engineers," defined as software engineers who are only 10% as productive or less than their median colleague. More remote workers were superstar codersMusk now aims to apply that same ruthless efficiency to the federal government. On one hand, he found that the prevalence of "ghost engineers" among remote workers was more than double that among in-person workers. But he also found that many more of the most effective engineers — employees whose performance was at least five times better than their median colleague — were working remotely.

Persons: hasn't, Yegor, Blanch, Paul Graham, Graham, Elon Musk, nobody's, coders Musk, Musk, — Organizations: Stanford, Business, Software, Twitter, CNN, of Government Locations: Silicon Valley

☆ 15 travel destinations so overrun with tourists that you may not want to visit, according to travel guide Fodor's
▼ + stars: | 2024-11-28 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

The 2025 "No List" from Fodor's highlights destinations under unsustainable tourism pressures. The company's 2025 "No List" includes destinations that have long had problems managing tourism levels, as well as newer ones or places where the situation is expected to worsen. "The No List serves to highlight destinations where tourism is placing unsustainable pressures on the land and local communities. For busy destinations, they recommended trying to visit during the off or shoulder seasons. They also stressed the importance of being responsible tourists and respecting all local laws.

Persons: Fodor's

☆ Disney's biggest wins this year — from a triumphant proxy war to getting back on track at the box office
▼ + stars: | 2024-11-28 | by ( Lucia Moses | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

AdvertisementDisney brought the magic in 2024, but it isn't out of the woods just yet. Streaming turned a profit for the first time, and it righted the ship at the box office. While CEO Bob Iger won a proxy battle, Trump's second term now looms. It wasn't long ago that CEO Bob Iger was battling an expensive proxy fight, creative challenges, and streaming business losses. Meanwhile, here's a look back at Disney's biggest wins of the past year:

Persons: Bob Iger, Trump's, Disney, Iger, Nelson Peltz, Donald Trump, — Organizations: Disney, Wall, ESPN, Iger, Trump, Disney's

☆ 36-year-old quit 6-figure Wall Street job—now he earns $1,000 an hour working from home as a tutor: 'More fulfilling than I ever could have imagined'
▼ + stars: | 2024-11-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

When Steve Menking started working on Wall Street in his early 20s, he thought he found a career for life. Instead, shortly after his 25th birthday, Menking jokes that he had a "quarter-life crisis" while working as an equities trader at SMB Capital. In 2023, Menking earned more than $500,000 through private tutoring, a number he's on track to match in 2024. "It's been better and more fulfilling than I ever could have imagined," he says. Here's how Menking left finance for a career in education — and found a job that pays six figures and allows him to work from home.

Persons: Steve Menking, Menking, He's, It's Organizations: SMB, CNBC, Education Locations: Connecticut, New York, —

☆ See aboard the USS Beloit, the Navy's new $500 million littoral combat ship upgraded to fight near coastlines
▼ + stars: | 2024-11-28 | by ( Talia Lakritz | Lauren Frias | ) www.businessinsider.com time to read: +1 min

An embattled legacyUS Navy crewmembers boarding USS Beloit at Veterans Park in Milwaukee. Diana SalgadoThe Navy operates two types of littoral combat ships: the Independence-class and the Freedom-class. For example, USS Milwaukee, a $750 million Freedom-class ship, was decommissioned last year after just eight years in service. It's one of about half a dozen littoral combat ships — most being from the Freedom class — that have been pulled from active service. The Navy has since put some of its hopes for the LCS into the new class of frigate in development.

Persons: Cpl, Diana Salgado, Dirk Debbink Organizations: Beloit, Veterans Park, Milwaukee . US Marine Corps, Navy, USS Locations: Milwaukee ., USS Milwaukee, Beloit, China

☆ I was an overworked teacher in the US, so I moved to Portugal. I couldn't be happier with my decision.
▼ + stars: | 2024-11-28 | by ( ) www.businessinsider.com time to read: +7 min

I sold everything, moved to Portugal, started my own business, and am living my best life. This is what I would dream of on stressful, busy days as a teacher in the US. I've also discovered a new-found love of Portuguese wine. Looking back on my journey, I am incredibly thankful for my decision to take this leap of faith and move years ago. This environment allows me to truly live my best life, appreciate the little things, and find joy every day.

Persons: I'm, Gabby Giffords, Jeana Whitaker, I've, haven't Organizations: Theatre, Portuguese Locations: Portugal, Lagos, Arizona, Europe, Port, Douro, stoplights

☆ Xi Jinping can't seem to find the right man to be the face of China's military
▼ + stars: | 2024-11-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementChina's defense minister, Dong Jun, is being probed for corruption, the FT reported on Wednesday. Xi Jinping and his leaders likely took at least two months to select, vet, and announce Dong in 2023. Less than a year into his post, China's defense minister is now being placed under investigation for graft, according to a new report by The Financial Times. AdvertisementWhen asked about reports of an investigation into Dong, Chinese Foreign Ministry spokesperson Mao Ning curtly dismissed them as rumors. AdvertisementChina's defense minister doesn't typically have operational command of combat forces but is instead a diplomatic and public-facing figure representing the military.

Persons: Dong Jun, Xi Jinping, Dong, Adm, Li Shangfu, Li, Wei Fenghe, Wei, Lloyd Austin, Mao Ning curtly, Xi, Dong's, doesn't Organizations: The Financial Times, People's Liberation Army, PLA Rocket Force, Chinese Communist Party, US, Foreign Ministry, Chinese Foreign Ministry, Business, Dong, Reuters, Central Military Commission, PLA Locations: Laos, Dong, China

☆ Opinion | The Inverted Morality of MAGA
▼ + stars: | 2024-11-28 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

He built a successful investment firm by supporting successful young businesses like Staples. But as Noah Millman writes on Substack, people in the MAGA movement take a different view of Romney. Millman’s underlying point is it’s not sufficient to say that Trump is leading a band of morally challenged people to power. The people I regard as upright and admirable MAGA regards as morally disgraceful, and the people I regard as corrupt and selfish MAGA regards as heroic. The crucial distinction is that some of us have an institutional mind-set while the MAGA mind-set is anti-institutional.

Persons: Mitt Romney, Donald Trump, Noah Millman, MAGA, Romney compliantly, Trump Organizations: Staples, Republican Locations: Romney, Washington

☆ Trump made unprecedented inroads in Silicon Valley this election
▼ + stars: | 2024-11-28 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

Silicon Valley, long considered a progressive stronghold, has begun to shift toward Donald Trump, according to new voting data analyzed by Business Insider. These numbers show that Trump and Republicans are still a long way off from gaining any real majorities in Silicon Valley. While Elon Musk is based in Texas these days, many of his companies, including Tesla, are still very active in Silicon Valley. Trump, with Musk in support, has promised to cut regulations, which could help Silicon Valley startups grow more quickly. The trend toward Trump in the Silicon Valley electorate mirrors statewide and national trends.

Persons: Donald Trump, Kamala Harris, Harris, Joe Biden, Hilary Clinton, Francisco county's, Trump, Democrat —, Mark Zuckerberg, Marc Andreessen, Ben Horowitz, Horowitz, Elon, Tesla, reelect Trump, JD Vance, Peter Thiel, Ben Narasin, we've, voteshare Organizations: GOP, Business, San, Apple, Google, Nvidia, State, Facebook, Meta, Republican, Trump, Democrat, Democratic, Venture, PayPal, Elon Locations: Santa Clara, San Mateo, San Francisco counties, Silicon, San Francisco Bay, California, San Francisco, San Mateo county, Silicon Valley, Texas, Atherton

☆ Tariffs and sanctions could disrupt the tech supply chain. Here's how to derisk it.
▼ + stars: | 2024-11-28 | by ( Monica Melton | ) www.businessinsider.com time to read: +5 min

China's dominance in rare earth minerals poses risks to tech supply chains. AdvertisementFriend shoring to alliesFriend shoring, or moving supply chain, manufacturing, and operations to non-adversarial countries to have continuity, is one step to derisking tech's supply chain. Related storiesCreate redundancy in manufacturingTo derisk the supply chain, create redundancy. Regulation of the supply chain may increase, but tech companies and their suppliers could find solutions in data. "Technology cannot do it unto itself, because you can only rely on the data you can get to understand the whole length of the supply chain.

Persons: Megan Reiss, Reiss, they're, Trump's, shoring, Friend shoring, Trump Organizations: China . Department of, U.S . Department of Locations: North Korea, China, Mexico, Canada, U.S, Malaysia, Estonia, Japan

☆ Elon Musk's hunger for chips is taxing Nvidia's capacity to make them: report
▼ + stars: | 2024-11-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementElon Musk's demand for Nvidia chips has put pressure on the company to deliver. Nvidia is feeling the pressure from trying to meet Elon Musk's insatiable demand for chips. Musk's demand for chips was straining the chip giant's supply chain, a sales lead for Nvidia told colleagues in an email obtained by The Wall Street Journal. In June, CNBC reported that Musk had redirected $500 million worth of Nvidia chips from Tesla to X and xAI. Then, in September, Musk announced that xAI had brought a massive new training cluster of Nvidia chips online.

Persons: Elon, Mark Zuckerberg, Meta, Zuckerberg, Musk, Tesla, xAI, Jensen Huang, Huang, Larry Ellison, Jensen, Ellison Organizations: Elon, Nvidia, Wall Street, CNBC, Oracle Locations: Memphis , Tennessee

☆ Nvidia workforce data explains its meteoric rise
▼ + stars: | 2024-11-28 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Nvidia's median salary now surpasses Microsoft's and other Silicon Valley peers. And Nvidia employees were not nearly the source of fascination and interest they are today. AdvertisementThe data behind the evolution of Nvidia's workforce tells the story of the company's meteoric rise just as well, if not better than the revenue or stock price. Nvidia's workforce has grown nearly 20-fold since 2003Beyond Nvidia's historic rise in market value, the company has a lot to offer employees. But as of January 2024, Nvidia's median salary (excluding the CEO) surpassed Microsoft and has left other tech giants in the dust.

Persons: Jensen Huang, Rev Lebaredian, Huang, Jensen, headcount, Emma, ecosgrove Organizations: Nvidia, Tech, Business, Microsoft, Accenture Locations: Santa Clara , California, Silicon Valley

☆ When to quit working, take Social Security, and focus on yourself: Older Americans share their regrets about navigating retirement.
▼ + stars: | 2024-11-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Many had regrets about retiring too early, taking Social Security prematurely, and draining savings. Regrets included retiring too early, taking Social Security benefits prematurely, and draining retirement savings too quickly. Kathleen RuddAt 62, she retired from a job paying almost $60,000 a year and opted to take Social Security early. Cashing out Social Security too fastSharon, 77, took Social Security too early, prompting her to unretire to cover expenses. Advertisement"If only someone had just said, do not take Social Security early, do not invest your money this way," Sharon said.

Persons: boomer, they've, Kathleen Rudd, Rudd, wasn't, David John, John, Misty Miller, Miller, it's, Sharon, Cindy Kohli, Kohli, reprioritize Organizations: Social, Social Security, AARP, Security, Social Security Disability Insurance, Veterans Affairs Locations: Colorado, Sacramento, Atlanta, Arizona

☆ FTC opens broad antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded such complaints last year as it examined the cloud computing market. The FTC has demanded a broad range of detailed information from Microsoft, Bloomberg reported earlier on Wednesday. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Reuters, NBC News, Republican, FTC, Amazon, Google, European Commission, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

President-elect Donald Trump said Wednesday he will nominate retired Gen. Keith Kellogg to serve as assistant to the president and special envoy for Ukraine and Russia. Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!," Trump said in a statement announcing his decision. Future American military aid, however, will require Ukraine to participate in peace talks with Russia." Trump was accused of withholding aid to Ukraine in an effort to pressure Zelenskyy to investigate Joe Biden and his son Hunter Biden. Vice president-elect JD Vance has also spoken out against Ukraine aid, as has Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services.

Persons: Donald Trump, Keith Kellogg, Keith, Trump, Kellogg, Fred Fleitz, Vladimir Putin, Putin, Fleitz, Volodymyr Zelensky, Alex Kent, “, Volodymyr Zelenskyy, “ We’re, He’s, we’re, I’ll, Trump's, Joe Biden, Hunter Biden, JD Vance, Robert F, Kennedy Jr, Kennedy, Vance, ” Organizations: Military, Business, Staff, National Security Council, NBC News, Russia, Future, Getty, Trump, Republican, Department of Health, Human Services, NBC, Press, NATO Locations: Ukraine, Russia, Kyiv, U.S, United States, New York City, Georgia, Europe

President-elect Donald Trump has chosen John Phelan, a businessman and investor with no military experience, to become the next Secretary of the Navy. Phelan, if confirmed, would be the first person in 15 years to lead the Navy without having served in any branch of the armed forces. “He will put the business of the U.S. Navy above all else.”As the 79th Navy Secretary, Phelan would oversee more than 900,000 people and an annual budget of more than $210 billion. Twenty out of 26 people to be confirmed as Navy secretary over the last 70 years were veterans, the Military Times reported. On Nov. 12, Trump announced he would nominate Pete Hegseth, a combat veteran and former Fox News host, to be the Secretary of Defense.

Persons: Donald Trump, John Phelan, Phelan, “, ”, Trump, Phelan’s, ” “ John, ” Trump, Carlos Del Toro, Pete Hegseth, Hegseth Organizations: NBC News, Trump, Rugger Management, Harvard Business School, U.S . Navy, Navy, Marine Corps, Army, Coast Guard, Command, Military Times, Fox News, Defense, Army National Guard Locations: Palm Beach , Florida, Afghanistan, Iraq, Guantánamo Bay, Cuba

Shares in a little-known drone company soared Wednesday morning after announcing that Donald Trump Jr. had joined its advisory board. Unusual Machines, an Orlando, Florida-based firm born just two years ago as it acquired a drone manufacturer and a separate drone retailing firm, announced the appointment in an early-morning press release. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Trump Jr. said in the statement. In a separate securities filing Wednesday, Trump Jr. is listed as at one point having been Unusual Machines’ second-largest shareholder. An Unusual Machines spokesperson did not immediately respond to a request for comment.

Persons: Donald Trump Jr, “ Don Jr, ” Allan Evans, ”, ” Trump, Trump, —, Donald Trump's Organizations: Machines, Company, USA, Trump Jr Locations: Orlando , Florida, America

☆ Watch the Dateline episode “The Killer Among Them” now
▼ + stars: | 2024-11-27 | by ( Dateline Nbc | ) www.nbcnews.com time to read: +1 min

The man being celebrated was Lance Herndon, a respected leader and CEO. To find out what happened, watch the full episode “The Killer Among Them” on Peacock now. After you’ve finished the episode, watch as Lance’s friends and family remember him as a passionate entrepreneur who cared deeply about his loved ones. And watch more of the police interview with Lance’s killer. Plus, listen to this week’s Talking Dateline with Andrea Canning and Josh Mankiewicz in which they take you behind the scenes of the episode and answer your questions.

Persons: Lance Herndon, Holly Stueber, Lance, Holly, Jackie, He’d, Peacock, you’ve, Andrea Canning, Josh Mankiewicz Organizations: NBC

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