Happy Friday, have a nice Friday! Is the plane leaving soon? If you have an iPhone, text your flight number to your girlfriend. As a cool little hack.
Today's big article covers results from the business, technology, and innovation fields. Vote for semi-final pairings.
What's on deck:
But first, The last four.
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big story
more madness
The latest edition of our unique March Madness bracket is back.
In case you missed it, I created a bracket. The 8 biggest topics in business, technology, and innovation. We then left it to our readers to vote.
Let's see the results:
[1] AI race (81.9%) lost [8] Ozempic effect (18.1%): The only real explosion of the first round. Nothing really surprising here. As important as weight loss pills are, AI is a monster.
[4] The future of social media (71.8%) is defeated [5] Streaming wars (28.2%): That's a bit surprising. I thought more people would become interested in how the way they watch TV and movies changes everything. But social media has been around for a very long time and is literally in our DNA.
[3] US presidential election (73.6%) lost [6] Retirement of baby boomers (26.4%): Retirement is a big issue. (Please listen to me Blackrock's Larry Fink.) But yes, deciding the next US president feels a little more urgent right now.
[2] Defeat of interest rate (56.8%) [7] US-China relations (43.2%): In my opinion, the closest of the four matches was also the most surprising. I thought interest rates, which affect the entire economy, were a cakewalk. However, concerns about China remain strong.
Let's move on to the semi-finals.
[1] AI race vs. [4] The future of social media: Somewhere along the way, something has emerged that is going to change the way we do almost everything. The other is something that has grown rapidly to become a fundamental part of our society and that we are currently trying to understand. where to go next. As it happens, the future of social media could be reshaped by AI — With the rise of AI influencers.
[2] interest rate vs [3] US presidential election: This is a good matchup because there are no rating changes or changes. It could sway the election in some way.. If President Joe Biden wins re-election or former President Donald Trump returns to the White House, there will be a variety of ramifications.But according to at least one economist, the Fed's current rate cut plan may lead to recession.
Three things in the market
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Take advantage of your tax refund. According to the IRS, the average tax refund is $3,109. What should we do with the influx of cash? We have summarized the types of accounts you should use. to get the most out of your money.
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Ray Dalio has some thoughts about China. Billionaire Bridgewater Associates Founder Speaks 5 major forces that pose a threat, China's debt problem and the widening gap between rich and poor within the country. Meanwhile, Chinese President Xi Jinping is trying to court U.S. investors and financiers. damage a country's global power.
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There's some more good news for stocks. The economic leading index, which is attracting attention as an indicator of economic recession, reversed two years of decline. The average one-year return for the S&P 500 after the LEI turns from negative to positive is 15.6%.
Three things about technology
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A “serious incident” in Walmart's internal systems. Walmart Technology Platform There were over a dozen events According to internal emails reviewed by BI, business operations have been disrupted over the past two months, impacting revenue. This comes as the retail giant is investing heavily in technology to compete with rival Amazon.
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Everything you need to know about the AI companies Amazon is betting big on. Anthropic was founded in 2021 with a mission to “ensure that transformative AI helps people and societies thrive.” Became a central figure in the AI race. Amazon has committed an additional $2.75 billion to the startup, whose chatbot competes with ChatGPT.
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Marissa Mayer's photo-sharing app feels like a blast from the past, but that might not be a bad thing. The former Yahoo CEO's new photo-sharing app has been criticized for looking like a relic from the late '10s. However, upon further investigation, There may be a real use case.
3 things in business
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Sam Bankman Freed was sentenced to 25 years in prison. Cryptocurrency tycoon embarrassed was convicted of a crime November Fraud, Conspiracy, and Money Laundering. Prior to sentencing, U.S. District Judge Lewis Kaplan said: Report to Mr. Bankman Fried and his legal team This is because FTX customers claimed that they did not lose a single penny.
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The Unruly Agency has been hit with nine lawsuits this year. Former employee sues social media agency She manages OnlyFans accounts for top influencers like Tana Mongeau and Abby Rao. The lawsuit includes claims of wrongful termination, retaliation and wrongful imprisonment.
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#Get ready for a motivational doomscroll. LinkedIn is experimenting with TikTok-style short videos, the company has confirmed. So far, the video appears to have been taken from an existing post on the platform. If LinkedIn rolls out this feature more widely, We're going to have to do a lot to catch up.
In other news
What happened today
Insider Today Team: Dan DeFrancesco, associate editor and anchor based in New York. Grace Lett, associate editor, lives in Chicago. Lisa Ryan, editor-in-chief, lives in New York.
