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Automaker General Motors on Tuesday announced a new partnership with defense company Lockheed Martin to scale manufacturing and expand production capabilities.The deal was facilitated by the U.S. Department of Defense, according to Bruce Brown, GM’s vice president of strategy at GM Defense, and will focus on munitions and more. “What makes this moment especially important is that the country needs more than great technology. It also needs the capacity to build, scale and deliver reliably,” Brown said on a call with reporters. “This is where GM can help. Across our company, we bring deep experience in advanced engineering, digital development,…
Charlie Smith thinks a lot of the fear around AI is overblown.”When machines came along, we got new jobs. When computers came along, we got new jobs. And I really believe that we’re going to enter a new era of creativity,” with the help of AI, he said during an interview on Business Insider’s “CMO Insider” podcast.In particular, Smith, who is the chief brand officer of consumer-tech company Nothing, said his interest in AI accelerated after joining Nothing in January and sitting next to the company’s founder, Carl Pei, whom he described as “a massive vibe coder.”Likewise, Smith has embraced…
Three years after my dad passed away, my mom made a decision that changed all our lives: She was going to sell her home and move in with my husband and me.She was almost 70 and was fully capable of living on her own — she just didn’t want to anymore. Her decision wasn’t driven by a financial or health crisis but by loneliness.On top of that, the house she lived in needed significant repairs, and maintaining both the home and its expansive property had become overwhelming for her.The quiet privacy she and my dad once loved no longer felt…
Mrs. Dow Jones has a bone to pick with the legion of Americans looking to retire early.The financial influencer, real name Haley Sacks, pushed back against the FIRE movement when speaking to Business Insider in a recent interview.The acronym is short for Financial Independence Retire Early, a lifestyle defined by aggressive saving and investing, usually with the goal of leaving the workforce well before the typical retirement age.Sacks, whose online persona revolves around building generational wealth, said followers of FIRE often go to unnecessarily difficult lengths to achieve their goals. She also thinks the hardcore lifestyle deters a lot of…
Robinhood, the stock-trading app that became synonymous with the pandemic-era’s retail-investing boom, is cutting 10% of its workforce and joining tech’s “Great Flattening.”CEO Vlad Tenev told employees in a memo on Tuesday that the company’s business “has never been stronger,” but said Robinhood needed to become leaner as it scales. Tenev said the company was “flattening” its organizational structure and reducing head count to avoid becoming a “heavily-layered organization.”In an SEC filing on Tuesday, Robinhood said the cuts come as June’s month-to-date average daily trading volumes hit record levels across equities, options, and prediction markets. In a February filing, the…
Cyrei Daniel had been trying to get the city’s attention for months — not just for her bakery, Sweet Me Good, but for the entire block.When the city announced Atlanta would host eight FIFA World Cup matches, Daniel was ready to capture the economic bump from the extra visitors this summer. She applied for grants to make improvements to her storefront and marketing ahead of the tournament and received two. She also showed up to city council meetings to push for how the city planned to support small businesses during the games. Cyrei Daniel applied for grants ahead of the…
Ask a tech worker what got them hired, and many will say it was much more than networking.In interviews with Business Insider, tech professionals from companies including Amazon, Google, and Nike said networking helped them land interviews, but preparation and communication helped them turn those opportunities into offers.These workers — including engineers, data scientists, product managers, and designers — landed jobs in a more selective hiring environment, amid cost-cutting, economic uncertainty, and growing investments in AI.Here’s what six tech workers believe worked for them. (Their responses have been edited for length and clarity.)The code is table stakes. Communication gets you…
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCAfter growing to become one of the largest used car retailers in the U.S., Carvana is expanding into the new vehicle market.The company has quietly purchased seven new vehicle franchises since last year that primarily sell Stellantis’ Chrysler, Dodge, Jeep and Ram brands, including a store in Arizona that has become the automaker’s largest volume store in the U.S.Dealers and industry experts said they believe the move could significantly disrupt, if not reshape, the century-old new vehicle franchised dealer system.”Carvana entering the new vehicle franchise business may be…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. A home is only worth what someone is willing to pay for it. That is probably the only dependable truth when it comes to putting a price tag on a property. Enter artificial intelligence. As with everything on the planet, AI is disrupting real estate. In…
The next big battlefield for newsletter platforms is AI chatbots.In a competitive market, platforms like Beehiiv, Substack, and Ghost have been duking it out to win over creators with new features like social feeds, videos, and podcasting. Ultimately, the platform that most seamlessly integrates with writers’ daily workflows may win the day. Lately, that means finding ways to work with ChatGPT and Claude.Beehiiv exclusively told Business Insider that it’s rolling out a new feature on Tuesday for paid users that allows them to use chatbots to automate publishing tasks like adding meta descriptions to images, tagging posts, and tweaking the…