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Good, potentially very lucrative things will come to the AI investors who wait, if you ask Jon Gray.Gray, the president and chief operating officer at Blackstone, said that growing concern about the pace of the AI buildout is somewhat overblown.”I’m not going to discount that there’s not going to be misallocations of capital. There are people who are doing things that may not turn out to have high returns. But I think the impatience is a little misplaced. It takes some time for the applications to happen,” Gray said on an episode of Blackstone’s quarterly market views video that aired…

To free, or not to free?That is the question for paid streamers like Netflix, as free services, and YouTube in particular, attract TV viewers.Hollywood giants Disney and Paramount Skydance are exploring adding free tiers to their subscription services to build audiences, grow advertising revenue, and turn curious newcomers into customers, Business Insider previously reported. And Netflix co-CEO Greg Peters said in mid-July that “a free offering could make sense in some markets.”Free tiers could define the next stage of the streaming wars as services look to win over consumers sick of stream-flation. YouTube has enjoyed significant growth, as have free, ad-supported TV…

Wildpixel | Istock | Getty ImagesMichigan health authorities on Monday reported the first two deaths from the ongoing cyclospora outbreak.The Michigan Health Department said that both individuals had “significant underlying health conditions” that may have been affected by cyclosporiasis and dehydration, citing medical records. Michigan health officials said that cyclosporiasis is generally not considered life threatening, and it is unusual for fatalities to occur in the U.S.Michigan has reported 11,234 cases and 193 hospitalizations tied to the outbreak.Based on reported cases, the state seems to be the hardest hit by the outbreak, and its number of reported cases has outpaced…

Seven months ago, I left Canada after living in Ottawa my entire life.When my apartment lease was coming to an end, I knew I didn’t want to make another expensive yearlong commitment in the only city I’d ever lived in — especially as the cost of living kept rising.I’d visited Japan once before, loved it, and couldn’t stop thinking about going back. I was also itching to leave my hometown and travel more, so my husband and I sold almost everything we owned and moved there with one suitcase and one carry-on each.Instead of renting an apartment once we arrived,…

The Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest model in the bestselling family of aircraft, after nearly a decade of delays.The agency on Monday said the approval “reflects years of sustained work to resolve complex technical issues and complete a thorough review of the airplane’s design and supporting safety analyses.”Carriers including Southwest Airlines expected to fly the plane before the pandemic, but increased regulatory scrutiny following the fatal crashes of the in-service Max 8, in 2018 and 2019, other safety and manufacturing crises, and the redesign of an engine anti-icing system delayed certification.Southwest said in…

This as-told-to essay is based on a conversation with Hannah Valentine, 25, cofounder of Drop Soda Market, a monthly vintage market. The conversation has been edited for length and clarity.I graduated from Lindenwood University with no student loan debt. After scholarships, my tuition cost about $4,000 to $6,000 a semester, and I paid for the final three years of my degree by reselling vintage clothes.I started selling used clothes on Depop in 2017 as a sophomore in high school. At first, I listed pieces from my own closet that I no longer wore. They sold faster than I expected, so…

Whether you rent an apartment or own a house, it’s essential to consider how your design choices allow you to make the most efficient use of your space. So, Business Insider asked interior designers for tips on the best and worst ways to take advantage of extra space in your home.Declutter your closet by efficiently storing clothes you don’t needMark Cutler, an interior designer at CutlerSchulze, told BI that he recommends storing clothing you don’t regularly wear separately rather than cluttering your closet.For example, you can also swap your clothes out seasonally and store not-often-worn items, like wedding-guest dresses, in another spot. “Just…

Tom Holland stars as Peter Parker, aka Spider-Man in Sony and Marvel’s “Spider-Man: Brand New Day.”SonyThere’s a new king of the domestic box office.Sony and Marvel’s “Spider-Man: Brand New Day” webbed up more than $360 million during its opening weekend in the U.S. and Canada, breaking the record for the highest-grossing debut of all time. The previous record was $357 million, set by “Avengers: Endgame” in 2019.Globally, the latest Spider-Man installment tallied $932 million, shy of the $1.2 billion record still held by “Endgame.”The Tom Holland-led “Brand New Day” kicked off with record-shattering Thursday preview sales and snared $169.3 million on Friday,…

Nikolas Kokovlis | Nurphoto | Getty ImagesVisa on Monday said it is acquiring fraud detection startup BioCatch for $2.4 billion in cash, expanding the payment giant’s push into cybersecurity as banks confront a surge in artificial intelligence-powered scams and account takeovers.Under the deal, Visa will get BioCatch’s behavioral biometrics platform, which analyzes data including keystroke timing, touch screen pressure and other signals to distinguish real users from scammers and bots. Visa said it is acquiring the firm from London-based private equity firm Permira and other investors.The acquisition underscores how payments companies are racing to strengthen fraud defenses as generative AI…

California-based Chip Motors plans to produce a four- or six-seat low-speed vehicle, which it is calling a “life utility vehicle, named Chip.Courtesy imageThe next big idea in the U.S. automotive industry may be small.A growing number of companies, including auto giant Stellantis, are betting Americans are ready to embrace smaller, less expensive vehicles amid yearslong affordability concerns for the U.S. auto industry.But the vehicles aren’t technically “cars.” They’re electric low-speed vehicles, or LSVs, that are essentially a step above a traditional golf cart but below a typical light-duty car or truck sold in the U.S.”We have seen the popularity of…