Firms like Meta and A16z admit having to pay billions for training data would ruin their generative-AI plans as they fight new copyright rules
The US Copyright Office is considering updating its laws to deal directly with generative AI. Meta, Microsoft, OpenAI, and others with a stake in AI have pushed back hard against any changes. Paying for data would mean “tens or hundreds of billions” in yearly royalty fees, A16z said. The world’s largest technology companies do not…
A former Fed trader predicts mounting US debt will worsen the bond-market crash. He shares which Treasury duration investors should buy to eventually profit from rising prices.
Our investing experts respond to readers’ questions and write unbiased product reviews (here’s how we evaluate investing products). Paid non-client promotion: We may receive a commission from our partners in some cases. Our thoughts are always our own. Bond yields fell on Wednesday following Jerome Powell’s speech. However, according to Joseph Wang, US debt could…
Exclusive: How Calibrate stumbled from hot weight-loss startup to $20 million sale under threat of bankruptcy
Calibrate sold itself in a tough deal to a private-equity firm, per a document obtained by Insider. The document shows that Madryn Asset Management got a 70% stake in the company for $20 million. The firm threatened to force Calibrate into bankruptcy if the startup didn’t accept the buyout. Calibrate, a weight-loss startup, was forced…
A top homebuilder executive breaks down the secrets to getting a 4.8% mortgage in an era of 8% rates
High mortgage rates have slowed down the housing market, but homebuilders are thriving. That’s because they can offer financial incentives that shave thousands off the cost of a new home. Tawn Kelley walks Insider through the do’s and don’ts of homebuilder mortgage incentives. Rising interest rates have slammed the brakes on America’s housing market, with…
Millennium isn’t Schonfeld’s only suitor. Investors like Blackstone and Abu Dhabi’s wealth fund are also in the picture, as the deal is far from certain.
The news of the potential tie-up has the industry gossiping, with a paparazzi-like picture swirling. But Millennium’s reported investment into rival hedge fund Schonfeld is far from a done deal. Schonfeld is in conversation with large investors like Singapore’s GIC and Abu Dhabi’s sovereign wealth fund. The picture that has been making the rounds in…
Our crisis of loneliness, the new bet investors are going after
Following the announcement that their prominent Israeli businessman father, Benjamin Gaon, had kidney cancer, Benjamin Gaon’s son Boaz Gaon and his family stayed by their father’s side for many years. Gaon, also known by his nickname Benny, was diagnosed with additional types of cancer before passing away in 2008 from a leukemia-related illness. The younger…
How a California hedge fund bulldozed the state’s labor laws to impose some of the harshest noncompetes on Wall Street
Over the summer, Wall Street was abuzz over a bill passed by New York lawmakers that would ban the practice of restraining employees from working for competitors. While many companies oppose the proposed law, which sits on Gov. Kathy Hochul’s desk, hedge funds in particular risk having their operations upended. These firms, especially ones that…
Wall Street’s rising stars share the lessons they’ve learned from their biggest career mistakes
Insider selected 25 young professionals under 35 for its annual rising stars of Wall Street list. We asked the up-and-comers to tell us their big mistakes and what they learned. Here are some of the top takeaways. Making mistakes is unpleasant, but they can teach you things you would not have learned otherwise. We asked…
Bank of America: 12 stocks with inflation-protected dividend yields that can provide stability in an uncertain market
Core inflation and high GDP means the Fed may have more work ahead to tame inflation. But investors looking to profit no matter how high inflation may rise still have options. Bank of America found 12 dividend-paying stocks whose yields are protected from inflation. This week, investors are holding their breath as Jerome Powell considers…
