Posts filtered by tags: Business Insider[x]


 

The Winklevoss twins explain why bringing regulation to the crypto market isn't a zero-sum game

Tyler and Cameron Winklevoss, the cofounders of the Gemini cryptocurrency exchange, spoke with Business Insider about bringing regulations to an industry that at times doesn't want it. Despite some in the crypto community not wanting to be regulated, the Winklevoss twins said Gemini's push for more structure in the market wouldn't hurt them. The Winklevosses are among Business Insider's 10 people transforming finance. See the full list of 100 people transforming business here. In early Januar...
Tags: New York, US, Trends, Crypto, Aston Martin, Gemini, Business Insider, Jpmorgan, Tyler, Winklevoss, Lagonda, Tyler Winklevoss, Cameron Winklevoss, Tyler Winklevoss Gemini, Cameron Winklevoss Gemini


Microsoft took an ethical stand on facial recognition just days after being blasted for a sinister AI project in China

Microsoft announced on Tuesday that it rebuffed a request from a US police agency to install its facial recognition software on officers' car and body cameras. President Brad Smith cited human rights concerns, saying that AI bias could mean a disproportionate number of women and ethnic minorities would end up being held for questioning. While Microsoft is taking an ethical stand on AI, less than a week ago it was accused of being complicit in helping China develop facial analysis AI, which cou...
Tags: Google, Amazon, Florida, Microsoft, California, China, US, Trends, Marco Rubio, Smith, Stanford University, Business Insider, Reuters, Brad Smith, Facebook Google, Uighur Muslim


College student files lawsuit against the Chinese billionaire founder of JD.com, after US prosecutors declined to charge him in alleged rape (JD)

The billionaire founder and CEO of the Chinese e-commerce giant JD.com was arrested in Minneapolis last August after an accusation of rape. Minnesota authorities released Richard Liu Qiangdong without charge the day after the arrest and declined to press charges in December, citing insufficient evidence. His accuser, 21-year-old Liu Jingyao, revealed her identity for the first time in a civil lawsuit filed against the tech CEO on Tuesday. According to Bloomberg, she claims Liu plied her with a...
Tags: Minnesota, Minneapolis, China, Office, US, Trends, Bloomberg, Associated Press, Business Insider, Reuters, Minneapolis Star Tribune, McDonald, Liu, University of Minnesota, Hennepin County, Peter Walsh


College student files lawsuit against the Chinese billionaire founder of JD.com after US prosecutors declined to charge him over rape accusation (JD)

The billionaire founder and CEO of the Chinese e-commerce giant JD.com was arrested in Minneapolis last August after an accusation of rape. Minnesota authorities released Richard Liu Qiangdong without charge the day after the arrest and declined to press charges in December, citing insufficient evidence. His accuser, 21-year-old Liu Jingyao, revealed her identity for the first time in a civil lawsuit filed against the tech CEO on Tuesday. According to Bloomberg, she claims Liu plied her with a...
Tags: Minnesota, Minneapolis, China, Office, US, Trends, Bloomberg, Associated Press, Business Insider, Reuters, Minneapolis Star Tribune, Liu, University of Minnesota, Hennepin County, Peter Walsh, Richard Liu


The CEO of billion-dollar startup Airtable explains why its founders decided on a corporate culture before they even had a product

Howie Liu and his cofounders at Airtable intentionally took a different path in starting the company than many other entrepreneurs, he said. They started by trying to establish the values and principles of the company they wanted to build, rather than first creating a product or developing a business plan. They thought that focusing on values would help create a sustainable business and give them long-term guidance, he said. The company is now one of the hottest startups around, and raised $16...
Tags: Apple, Google, Hollywood, Trends, Accenture, Aston Martin, Duke, Parker Conrad, Lola, Business Insider, Kong, Liu, Lagonda, Airtable, Howie Liu, Salesforce Andrew Ofstad


Insiders describe a world of chaos and waste at Panasonic's massive battery making operation for Tesla (TSLA)

Current and former employees at Panasonic's battery making operation inside Tesla's Gigafactory say that it is a chaotic environment where standard operating procedures often go ignored and there's half a million pieces of scrap a day generated.  "Why do we throw away half a million batteries a day? Because people are slobs and the stuff's not clean," said a former employee. Panasonic sends around 3 million battery cells to Tesla every day. Business Insider also reviewed internal documents, in...
Tags: Elon Musk, China, Trends, Tesla, Panasonic, Nevada, Reno, Business Insider, Gigafactory, Associates, Ellis, Mark Ellis, Munro, Tesla TSLA, Gigafactory Tesla, Greg Less


Here are all the details on the plan to totally change YouTube's business model that Google CEO Sundar Pichai reportedly killed in 2017 (GOOG, GOOGL)

In 2017, YouTube considered changing a major facet of its business model— paying creators based on viewer engagement, rather than the ad revenue they created, according to a Bloomberg earlier this month. Business Insider obtained unreleased YouTube support center drafts that provide more detail about the proposed payments model from 2017, showing that changes would have involved more than just engagement metrics. According to the documents, YouTube was planning to introduce three new pillars ...
Tags: Google, Youtube, Trends, Bloomberg, Ocean, Sundar Pichai, Signal, Pichai, Business Insider, Alex Jones, Watch Google, Wojcicki, Infowars, Boil The Ocean, Susan Wojcicki Bloomberg, Merch Channel Memberships


This founder sold his company to Amazon for $1 billion after being rejected on 'Shark Tank.' Here's the one thing he said every startup needs to succeed.

Ring founder and inventor Jamie Siminoff says the most successful businesses are the ones that tackle long-term problems. Dealing with rejection is also important; Siminoff left Shark Tank without a deal when he appeared on the show in 2013 before selling his company to Amazon. Siminoff says the key to success is to focus on a long-term problem rather than a booming technology or industry. Visit BusinessInsider.com for more stories. Jamie Siminoff's entire career has been about rejection. Tha...
Tags: Amazon, Abc, US, Trends, United States, Business Insider, Shark Tank, Cb Insights, Siminoff, Jamie Siminoff, Huawei China, Amazon Siminoff, Shark Tank Here


'Us' and 'BlacKkKlansman' producer Jason Blum's plan to take over Hollywood is simple: stay independent

Producer Jason Blum is one of Business Insider's "100 people transforming business." His production company, Blumhouse Productions, is responsible for some of the most profitable horror movies in the last decade, including recent hits "Glass" and "Us." "The goal is to be independent so we can tell stories we want to tell without asking permission," Blum told Business Insider. "Happily, as each year goes by we get closer and closer to that." Blumhouse is currently developing the limited series ...
Tags: Amazon, Hollywood, Trends, Showtime, Russell Crowe, Fox News, Spike Lee, Jason Blum, Nickelodeon, Business Insider, Trump, Roger Ailes, Ailes, Peele, Shyamalan, Blumhouse


The CEO of a free TV service that's riding the wave of ad-supported streamers reveals how the company achieved 300% growth in the past year

Xumo TV, a free, ad-supported streaming service, has grown revenue more than 300% in the past year. Most of the growth came from new deals with industry partners like Comcast and T-Mobile, Xumo CEO Colin Petrie-Norris told Business Insider. The company is a potential acquisition target and is in discussions with various companies. Visit Business Insider's homepage for more stories. As traditional MVPDs, cable, and broadcast companies face pressure to innovate through OTT services to keep up...
Tags: Google, Europe, Digital, US, Trends, Comcast, Panasonic, Hulu, Pluto, Viacom, Pluto TV, Business Insider, Ott, Sinclair, Viant, Xumo


YouTube's scrapped plan to change how it pays creators focused on 3 main metrics: attract, engage, and retain (GOOG, GOOGL)

In 2017, YouTube considered changing a major facet of its business model— paying creators based on viewer engagement, rather than the ad revenue they created, according to a Bloomberg earlier this month. Business Insider obtained unreleased YouTube support center drafts that provide more detail about the proposed payments model from 2017, showing that changes would have involved more than just engagement metrics. According to the documents, YouTube was planning to introduce three new pillars ...
Tags: Google, Youtube, Trends, Bloomberg, Ocean, Nintendo, Sundar Pichai, Signal, Pichai, Business Insider, Alex Jones, Wojcicki, Infowars, Boil The Ocean, Susan Wojcicki Bloomberg, Merch Channel Memberships


The president of JetBlue's venture capital firm is a renaissance woman who just might transform air travel (JBLU)

Bonny Simi is the president of JetBlue Technology Ventures. It's the venture capital arm of New York-based JetBlue Airways.  Simi is a former Olympic luger who gave up a career as a television sportscaster to become a pilot at United Airlines.  Simi joined JetBlue in 2003 a pilot and eventually became the airline's head of HR. In 2016, Simi became the founding president of JetBlue's VC arm that invests in early-stage start-ups. Bonny Simi is the president of JetBlue Technology Ventures — the ...
Tags: New York, London, Abc, Stanford, US, America, Trends, Silicon Valley, Salt Lake City, Airlines, Boeing, United, San Francisco Bay, Jetblue, Stanford University, United Airlines


The president of the New York Stock Exchange explains how the 226-year-old company is merging tech with humans

Stacey Cunningham, the president of the New York Stock Exchange, spoke with Business Insider about how the world's largest exchange keeps pace with technology while maintaining traditions. Since taking over as president in May 2018, Cunningham has focused on reducing the friction that customers experience with the technology they use to trade. Cunningham was named as one of Business Insider's 10 people transforming finance.  See the full list of the 100 people transforming business here. What...
Tags: Trends, Manhattan, West Coast, New York Stock Exchange, Securities And Exchange Commission, Business Insider, Nyse, Big Board, Cunningham, Stacey Cunningham, Nasdaq NYSE, NYSE Cunningham


A small robotics company created a device retailers were clamoring for, and now Walmart is putting it in 350 stores (WMT)

Most retail stores have no way to account for what merchandise is actually in a store and where it is in an efficient way. But, Bossa Nova Robotics developed a solution. Its current signature device is an autonomous robot that roams up and down store aisles, checking for pricing issues, out-of-stocks, and shelf irregularities. It was no easy task, and the company's cofounder and chief technology officer, Sarjoun Skaff, admits he was "naive" when he started the project. Walmart recently expand...
Tags: San Francisco, Trends, Walmart, Carnegie Mellon University, Business Insider, Northwestern University, Platt, Bossa Nova, Skaff, Bossa Nova Robotics, Sarjoun Skaff, Steven Keith Platt, Retail Analytics Council, Sarjoun Skaff Bossa Nova Robotics, Walmart Skaff


Why the new 'Hellboy' movie was an epic flop at the box office — from awful reviews to losing visionary director Guillermo del Toro

The latest "Hellboy" movie bombed at the box office over the weekend with a $12 million debut.  Box-office experts told Business Insider that the absence of Guillermo del Toro, who directed the first two movies in 2004 and 2008, hurt the movie. "He really brought this creature feature to life and without him, just like in the case of 'Pacific Rim: Uprising,' losing him behind the camera was the death knell," Jeff Bock, the Exhibitor Relations senior box-office analyst, said. But the absence...
Tags: Lionsgate, Disney, Trends, Netflix, Guillermo Del Toro, Pacific Rim, Kevin Hart, Rotten Tomatoes, Hellboy, Nickelodeon, Business Insider, Toro, Del Toro, Ron, Richardson, Guillermo


INTRODUCING: The 10 people transforming advertising

Business Insider named 10 advertising executives to its list of 100 people transforming business. They include a direct-to-consumer visionary, TV advertising power player, and the CMO behind whacky ad campaigns. See the full list of the 100 people transforming business here.  The $221 billion US ad industry is being upended by the rise of digital ad giants, fragmented consumer attention, and marketers' ever-increasing pressure for results. We identified 10 visionaries who are disrupting estab...
Tags: Google, Amazon, Facebook, Youtube, US, Trends, CMO, Netflix, Hulu, Business Insider, Randy, Aubrey, YouTube YouTube, Tara Walpert Levy, Randy Freer, Pivotal Research Amazon


MarketAxess just released a key tool for improving how fixed-income ETFs are built, and it could lead to further automation in the market

MarketAxess, the largest electronic marketplace for US corporate bonds, has created a set of indexes to help find the most liquid bonds across sectors.  The tools are aimed at helping ETF creators build products composed of more liquid bonds, thus allowing them to trade more efficiently, Chris Concannon, MarketAxess' president and COO, told Business Insider. MarketAxess stands to benefit from more fixed-income ETFs being issued, as it could lead to more automation in the market. The largest e...
Tags: US, Trends, Citigroup, Nasdaq, Business Insider, Jpmorgan, Concannon, Chris Concannon, BATS Global Markets, Instinet, Cboe Global Markets, Chris Concannon MarketAxess, Business Insider MarketAxess, Greenwich Associates However, Virtu Financial Upon, MarketAxess Concannon


Free streamer Xumo TV grew revenue 300% in the past year, and the company says it's aiming to be in 80% of homes in a year

Xumo TV, a free, ad-supported streaming service, has grown revenue more than 300% in the past year. Most of the growth came from new deals with industry partners like Comcast and T-Mobile, Xumo CEO Colin Petrie-Norris told Business Insider. The company is a potential acquisition target and is in discussions with various companies. As traditional MVPDs, cable, and broadcast companies face pressure to innovate through OTT services to keep up with changing viewing habits, ad-supported video on...
Tags: Europe, Digital, US, Trends, Comcast, Panasonic, Hulu, Pluto, Viacom, Pluto TV, Business Insider, Ott, Sinclair, Viant, Xumo, DirecTV


Here's the pitch deck that helped this enterprise storage company raise a big $92 million round of Series E funding

Cloudian is a data storage company with an approach that tries to bring the best parts of the cloud to a company's own data centers and servers.  "Where you don't want to put your data into the cloud, we bring the cloud to you," Tso said.  The approach has paid off, as the San Mateo, California based company raised a sizable $92 million Series E round last August, bringing its total funding raised to $173 million. Below is the the pitch deck that helped Cloudian raise that $92 million round....
Tags: Trends, Amazon Web Services, Business Insider, Tso, San Mateo California, Cloudian, Digital Alpha Advisors, Michael Tso, Goldman Sachs Cloudian


This startup raised $28 million to give dangerous industrial robots eyes, and is predicted to be worth tens of billions

Veo Robotics has raised a total of $28 million for its technology that gives dangerous industrial robots eyes and allows them to operate alongside humans. A prototype of the product will be rolled out in May to select customers, and Veo's investors, which include Google Ventures and Lux Capital Management, said the firm could one day be worth tens of billions of dollars. Veo CEO Patrick Sobalvarro told Business Insider why the tech is like working with a trained animal and is a no-brainer for ...
Tags: Amazon, Facebook, Mark Zuckerberg, Massachusetts, Trends, Bloomberg, Silicon Valley, Google Ventures, Business Insider, Louis Vuitton, Bilal Zuberi, Clara Vu, Veo Robotics, Patrick Sobalvarro, Lux Capital Management, Veo


This Is Why You Were Ghosted After A Job Interview

In 2013, Kristina Headrick had just wrapped up an internship at a magazine and was hoping to find a full-time job in New York City. When she saw a listing for a communications coordinator role working for a famous musician at his music label, she knew it was her dream job. Headrick was connected to the hiring manager by a mutual friend, had two great interviews, and agreed to take on a test assignment. She spent a few hours working on it and submitted the assignment before the deadline, along w...
Tags: Fashion, Music, New York City, New Zealand, James Murphy, Business Insider, Murphy, CareerBuilder, Headrick, New York City When, Kristina Headrick, Lalane


Inside A $3M Doomsday Condo

Survival Condo Project offers $3 million doomsday-proof condos. The condos are built in a converted missile silo. The project is one example of success within the emergency preparation market. During the Cold War, the US government built numerous missile silos in secret locations across the country. Many sit empty and useless today. But there’s one in an undisclosed location north of Wichita, Kansas, that has taken on a new purpose. Welcome to the $3 million doomsday-proof condos. ...
Tags: Real Estate, US, Radio, Business Insider, Real Estate News, Wichita Kansas, Doomsday


There's a simple way to make sure Amazon workers can't listen to what you say to Alexa — here's how to do it (AMZN)

Recordings from your Amazon Alexa-enabled smart speaker can be sent to a team at Amazon to improve Alexa's functionality.  But it's possible to prevent your recordings from being sent to Amazon workers.  With that said, there's still a chance your recordings could be used for analysis, Alexa improvements, and new feature developments.  Visit BusinessInsider.com for more stories. Thousands of Amazon employees and contractors can listen to what you say to Alexa via Alexa-enabled smart devices, ...
Tags: Amazon, Trends, Bloomberg, Alexa, Business Insider, Amazon Alexa, Bloomberg Read, Tap Alexa, Tap Alexa Privacy


Boeing's reputation has been stained by the 737 Max, and it's going to have to fight to convince people the plane is safe (BA)

The 737 Max is the fastest-selling jet in Boeing's storied history. Now, its money-making airliner has tarnished the company's reputation with consumers. A poll conducted by Business Insider a week after the Ethiopian Airlines crash showed that 53% of American adults would not want to fly on a Boeing 737 Max even after the FAA clears the aircraft for service. According to travel-industry analyst Henry Harteveldt, Boeing needs to shift from a business-to-business operation and toward one that i...
Tags: Facebook, Indonesia, US, Trends, Tesla, Chicago, Ethiopia, Faa, Boeing, Business Insider, Ethiopian Airlines, Lion Air, Henry Harteveldt, AIB, Boeing Boeing, AOA


P&G has overhauled how it works with agencies, reducing media waste by 20% and saving upwards of $1 billion in agency and production fees

Procter & Gamble chief brand officer Marc Pritchard thinks his crusade to overhaul digital advertising is working. "We've really changed the way we work, and managed to save upwards of $1 billion in agency fees and production costs," Pritchard said in a recent interview with Business Insider. Like other advertisers, P&G has taken marketing functions in-house, including media and creative. He said the company has reduced media waste by 20% while increasing media reach 10% by gathering and using...
Tags: Samsung, NFL, Trends, Data Center, Business Insider, Grey, McDonald, Procter Gamble, Saatchi Saatchi, Pritchard, Marc Pritchard, Downy


An inside look at Digital Asset, the blockchain company that's shifting strategies as Wall Street loses interest in the technology

Blockchain company Digital Asset has plans to expand beyond its distributed-ledger technology roots. The fintech said there is interest in using DAML, its program language for developing so-called 'smart contracts', outside of blockchain projects and in traditional databases. Digital Asset continues to work with blockchain projects as well. On Thursday it announced a partnership with VMware's blockchain initiative. The news comes less than four months after Blythe Masters, one of the biggest n...
Tags: US, Trends, Goldman Sachs, Aston Martin, Vmware, Business Insider, Jpmorgan, Blythe, Australian Securities Exchange, Lagonda, Digital Asset, Blythe Masters, JPMorgan Citi, KFIR, Chris Clason Digital Asset, Clason


Microsoft accused of being 'complicit' in persecution of 1 million Muslims after helping China develop sinister AI capabilities

Microsoft researchers produced three research papers on AI and facial analysis with a Chinese military-run university last year, the Financial Times reported on Wednesday. US politicians have slammed the partnership with Sen. Marco Rubio describing it as "deeply disturbing" and "an act that makes them complicit" in China's human rights abuses Critics say China can easily use the research to monitor and suppress citizens' rights. Beijing has long touted its facial recognition technology around ...
Tags: Florida, Texas, Microsoft, Congress, China, US, Trends, Beijing, Xi Jinping, Muslim, Xinjiang, Donald Trump, Financial Times, Business Insider, Communist Party, Rubio


This serial founder thinks pitch decks are passé. Here's what his startup used instead to raise $45 million in new funding.

Rippling CEO Parker Conrad thinks entrepreneurs should use what he calls pitch memos rather than traditional pitch decks to raise venture funds. Memos can save entrepreneurs time and allow them to get their pitch in front of more potential investors, he said They can also help venture capitalists sponsoring deals convince their fellow partners, he said. Rippling used a pitch memo earlier this month to raise $45 million in a Series A round. Visit BusinessInsider.com for more stories. To Parker...
Tags: Trends, Zenefits, Parker Conrad, Lola, Business Insider, Conrad, Rippling Conrad, Kleiner Perkins Conrad, SEC Conrad


The first-ever picture of a black hole is fuzzy. These incredible illustrations help explain what it shows.

Scientists on Wednesday published the first picture of a black hole, which was put together using the Event Horizon Telescope. The radio-wave photo shows a supermassive black hole, its event horizon, and accretion disk at the center of galaxy Messier 87. Researchers expected the image to look "fuzzy" but say it's nonetheless awesome and unprecedented. Computer models help explain why the image looks the way it does, and why it's so exciting. Visit BusinessInsider.com for more stories. Nearly ...
Tags: Trends, Nasa, Washington Dc, Brussels, Pluto, Business Insider, Georgia State University, Bentz, Messier, Astrophysical Journal, Event Horizon Telescope EHT, Radboud University Nijmegen, Eht, Heino Falcke, Falcke


Pilots who fly for Amazon Air are protesting poor working conditions and pushing for a better contract (AMZN)

Pilots for Atlas Air, Southern Air, and ABX Air, carriers that power Amazon Air, are set to protest over what they call poor pay and poor working conditions.  The union that represents the group said pilots will protest on Thursday at Cincinnati/Northern Kentucky International Airport. A Business Insider investigation published in March found that pilots who fly for Amazon Air are unhappy with their working conditions, feeling that they are underpaid and overworked. Visit BusinessInsider.com...
Tags: Amazon, US, Trends, UPS, Morgan Stanley, Bugatti, Armed Forces, Business Insider, Cincinnati Northern Kentucky International Airport, Ohio Illinois, ATSG, AMZN, Amazon Air, Air Transport Services Group ATSG, Atlas Air Worldwide, Atlas Air Worldwide Holdings