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Executives' favorite explanation for spending big on AI: FOMO

JPMorgan's CEO Jamie Dimon Noam Galai via Getty Images This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here . If you're ...

Jan 14Business Insidereconomics

Nvidia is staffing up as it draws heightened scrutiny. These are the key leaders it gained and lost last year.

Jensen Huang Patrick T. Fallon / AFP via Getty Images Nvidia has added key marketing, policy, and HR executives over the past year. Several senior software acqui-hires came via startup deals. Executiv...

Jan 15Business InsiderTechnologyImpact

Luxury retail giant Saks files for bankruptcy

Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...

Jan 14Business Insidereconomics

Business leaders react to Trump's Davos speech

US President Donald Trump delivers a speech during the World Economic Forum annual meeting in Davos Fabrice COFFRINI / AFP via Getty Images President Donald Trump gave his 70-minute-long speech in Dav...

23hBusiness InsiderPoliticsImpact

The world's biggest fast-food chain just landed in NYC. We tried Mixue — and the hype is real.

I visited the Mixue location in Midtown Manhattan's Herald Square. Henry Chandonnet/Business Insider Mixue has opened its first American locations: two in New York, and one in Los Angeles. I visited t...

3dBusiness InsiderlifestyleImpact

Trump is dominating the Davos agenda and casting a chill over the global elite

PALM BEACH, FLORIDA - DECEMBER 20: U.S. President Donald Trump walks off Air Force One at Palm Beach International Airport on December 20, 2025 in Palm Beach, Florida. Trump traveled to his Mar-a-Lago...

2dBusiness InsiderPoliticsImpact

Bilt unveils credit cards with 10% interest rate for first year after Trump calls for cap

Bilt Rewards CEO Ankur Jain Taylor Hill/Getty Images Trump has called for a 10% cap on credit card interest rates. Bilt is rolling out a new suite of 3 credit cards offering 10% interest for the first...

Jan 14Business InsidereconomicsImpact

Will AI replace human jobs and make universal basic income necessary? Here's what AI leaders have said about UBI.

Universal basic income provides recurring cash payments, no strings attached. Wong Yu Liang AI advances could widen wealth gaps, which has prompted calls for a universal basic income . UBI offers recu...

3dBusiness InsiderTechnology

Powell criminal probe upends Trump's search for a new Fed chair

White House economic advisor Kevin Hassett (left) and former Fed Gov. Kevin Warsh are leading prediction market odds for the likehood of becoming President Donald Trump's pick to lead the Federal Rese...

Jan 13Business InsiderPoliticsImpact

Why Wall Street's most data-obsessed investors are taking it slowly with generative AI

Quant asset managers haven't adopted AI en masse yet. Michael M. Santiago/Getty Images A new Bloomberg survey of quant investors found that 54% of respondents do not use generative AI for investing. A...

2hBusiness InsidereconomicsImpact

Ryanair just escalated its feud with Elon Musk to new heights

Ryanair CEO Michael O'Leary at Wednesday's press conference. Brian Lawless/PA Images via Getty Images Ryanair is escalating its feud with Elon Musk by hand-delivering an airline ticket. CEO Michael O'...

1dBusiness Insidereconomics

Bumble's chief product officer is out. Read CEO Whitney Wolfe Herd's memo about the 'need to sharpen our focus'

Bumble is restructuring to centralize its product, engineering, and design under one leader. As a result, chief product officer Michael Affronti has left the company after holding the role for a year....

20hBusiness InsiderTechnologyImpact

Disney's sluggish stock threatens to dent CEO Bob Iger's legacy

Disney's stock is casting a shadow over CEO Bob Iger. Variety/Getty Images; Getty Images; Tyler Le/BI A sluggish Disney stock threatens to dent CEO Bob Iger's legacy. The stock is far below its all-ti...

6dBusiness InsidereconomicsImpact

Ubisoft Cancels 6 Projects Including Prince of Persia: Sands of Time Remake, Closes 2 Studios and Confirms Further Layoffs in Major Company Restructure

Ubisoft has announced a sweeping company restructure that will result in the cancelation of six games including its Prince of Persia: Sands of Time remake, and a delay to a further seven titles. Two U...

23hIGNeconomicsImpact

Veteran investor Jeremy Grantham says AI is 'obviously a bubble' — and it could tank the stock market when it bursts

Legendary investor and co-founder of Grantham, Mayo & van Otterloo, Jeremy Grantham Fairfax Media/Getty Images; Jenny Chang-Rodriguez/BI Jeremy Grantham warned that AI is a historic bubble that's like...

2dBusiness InsidereconomicsImpact

Vinod Khosla is looking at this metric to gauge if we're in an AI bubble

Vinod Khosla says stock prices aren't the way to evaluate AI bubbles. Mert Alper Dervis/Anadolu via Getty Images Vinod Khosla said he measures AI industry health by API calls, not stock prices or Wall...

2dBusiness InsiderTechnologyImpact

2026 Is Going to Suck for PC Gaming

It’s been about a year since AMD and Nvidia released the Radeon RX 9070 XT and GeForce RTX 5090 , respectively, and this would usually mean that gaming PC prices would start to normalize a bit. And wh...

Jan 14IGNTechnologyImpact

Google cofounder Larry Page reportedly bought multiple Florida properties ahead of proposed California billionaire tax

Google cofounder Larry Page reportedly purchased property in South Florida. EMMANUEL DUNAND/AFP/GettyImages Google cofounder Larry Page bought property in Florida amid California's proposed billionair...

5dBusiness Insidereconomics

The world's 10 richest people in 2016 had a combined net worth of under $600 billion — less than Elon Musk is worth today

Alphabet cofounders Sergey Brin (left) and Larry Page (middle), and Amazon founder Jeff Bezos. Lionel Hahn/Getty Images/Elijah Nouvelage/Remo Casilli/REUTERS The world's richest people have seen their...

6dBusiness InsidereconomicsImpact

The Acer Nitro 60 GeForce RTX 5070 Ti Gaming PC Drops to $1,799.99 at Best Buy

The ripple effects from the RAM shortage have already been resonating throughout the PC industry. Nvidia wants to scale back on its lower priced video cards that are equipped with a large amount of VR...

2dIGNTechnology
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