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This as-told-to essay is based on a conversation with Andrew McCollum, the 42-year-old CEO of Philo, based in San Francisco. It’s been edited for length and clarity.My first job was at Subway, but my first meaningful career job was helping to start Facebook during my time at Harvard.I spent a lot of time with Mark Zuckerberg, Dustin Moskovitz, Chris Hughes, and the other founders of the company. We worked together on various things and discussed ideas for projects we thought were cool. One thing we discussed was the concept of creating a universal Facebook.Business Insider’s Power Hours series gives readers an inside…

Getty Images; Isabel Fernandez-Pujol/ BI Updated 2026-02-12T09:34:01.232Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Wall Street leaders are buzzing about generative AI’s potential to drive productivity. Finance professionals have previously expressed cautious optimism about AI’s impact on their jobs. Do you work for a finance firm? Take our survey below. David Solomon has said AI can draft…

From Lane Denbro’s vantage point in the open kitchen of the trendy restaurant where he worked, it was hard to tell which was causing the couple more pain: the spicy food… or the unfolding break-up.”They were ordering all of the spicy dishes on the menu, and so I just remember thinking that it must add so much intensity to what is already an intense conversation about whether or not we’re going to break up,” Denbro tells me.Denbro, then a line cook working the wok and the fry, saw the couple growing more frustrated with each other throughout their meal. By…

On The Docket, a new independent project to expand access to the Supreme Court, is using AI to generate visual depictions of U.S. Supreme Court justices reading their decisions. On The Docket hide caption toggle caption On The Docket Artificial intelligence, meet the U.S. Supreme Court. It’s an institution steeped in tradition and resistant to any quick changes in the way it does things. But like it or not, the justices are about to see artificially created versions of themselves, essentially avatars, speaking words that they actually did speak in court but that were not heard contemporaneously by anyone except…

Gold and other precious metals, traditionally a hedge against stock volatility, have been swinging drastically in value lately — but the taxes on those investments can be even more jarring to investors.Processing ContentLast month, gold topped $5,000 per ounce and silver breached $100 an ounce for the first time. However, precious-metal prices tumbled to historic daily losses at the end of January, after President Donald Trump’s announcement of his intention to nominate Kevin Warsh, a former Fed governor and investment banker known as an inflation hawk, to be the next chair of the central bank. Gold and silver have regained…

Nio cars are seen displayed at Nio House, at the Chinese electric vehicle (EV) maker’s manufacturing hub in Hefei, Anhui province, China April 2, 2025. Florence Lo | ReutersDETROIT — The largest U.S. auto dealer isn’t interested in selling vehicles from China-based brands domestically right now, its CEO said Wednesday.But it’s not necessarily because of politics, logistics or potential consumer backlash, according to Lithia Motors CEO Bryan DeBoer. His company already has at least 10 stores selling vehicles from three Chinese companies in the United Kingdom.DeBoer, who has grown Lithia exponentially in recent years, said the potential cost, return-on-investment and…

The Internal Revenue Service improperly disclosed confidential taxpayer information on immigrants to the Department of Homeland Security.Processing ContentThe IRS had acknowledged sharing some of the information with DHS’s Immigration and Customs Enforcement unit last year in court filings in response to a lawsuit over the Trump administration’s push to deport immigrants. Last April, the IRS agreed to provide the names and addresses of individuals believed to be living in the U.S. illegally. The IRS provided information on approximately 47,000 taxpayers after DHS requested information on 1.2 million people before federal courts blocked the move, according to the Washington Post. Employees…

Maziar Mike Doustdar, CEO of Novo Nordisk, speaks in the Oval Office during an event about weight-loss drugs at the White House in Washington, DC on November 6, 2025. Andrew Caballero-Reynolds | Afp | Getty ImagesNovo Nordisk entered 2026 with the momentum of a historic year in more ways than one – but recent weeks have delivered more drama than most companies might expect over a decade.The Danish drugmaker kicked off the year with the explosive launch of the first-ever GLP-1 pill for obesity. Its recent challenges have centered around protecting its market share in the blockbuster weight loss drug…

Andrew Paul Johnson was convicted of multiple state charges of child molestation and exposing himself to children. Johnson was charged in Florida after receiving a full pardon from President Donald Trump for his role in the Jan. 6, 2021 riot at the U.S. Capitol. Hernando County Sheriff’s Office hide caption toggle caption Hernando County Sheriff’s Office A Florida handyman who received a pardon from President Trump for storming the U.S. Capitol on Jan. 6, 2021, has been convicted of multiple state charges of child molestation and exposing himself to children, prosecutors told NPR. Andrew Paul Johnson, the pardoned rioter, attempted…

CalCPA celebrated its 125th anniversary on Feb. 2, kicking off by lobbying at the state capitol in Sacramento.Processing ContentDuring its annual CPA Day on Feb. 4, where California CPAs advocate legislators, Sen. Roger Niello introduced Senate Concurrent Resolution 111 to commemorate CalCPA’s anniversary and highlight the work of the California Board of Accountancy. This year, discussions touched on topics like state policy priorities, business policy outlooks, state budget insights and Board of Accountancy activities. Sen. Niello and California Treasurer Fiona Ma, who are both CPAs, headlined presentations in a legislative summit. “One of our most important events, CPA Day gives our members…