Author: Editor

To the 638 newly anointed managing directors at Goldman Sachs, your bosses have a message for you: Congratulations. And the real work begins now.As the celebrations break out, Business Insider asked five of the firm’s partners — its ultimate echelon of top brass — to share their advice with the new promotes, and they answered. Each one sits in a different business line, offering a distinct perspective on how they view the role and its duties.The managing director rank is one level their junior, and many partners have crossed through the MD threshold on the way to joining the firm’s…

This as-told-to essay is based on a conversation with 26-year-old David Kobrosky, the founder of Intros AI, from Brooklyn. The following has been edited for length and clarity.When I went to college in 2017, I already knew I wanted to work in startups and make a difference in the world.After my freshman year at the University of Michigan, I switched majors from business to computer science, which I felt would be more useful for running an early-stage company.But in late 2018, at age 19, I dropped out of college for a full-time job. Although I returned to college in late…

Total funding: $101 millionWhat it does:Founded in 2020 by former Novartis executive Bianca Anghelina, Aily Labs builds an AI-powered “decision intelligence” platform designed to help Fortune 500 companies make decisions by consolidating data.”I experienced firsthand how decisions are slowed down because of siloed data,” Anghelina said. Traditional corporate decision-making is often delayed by “processes that take weeks or months” and “data owned by different functions” without “one source of truth,” she said.Aily’s “AI brain” aims to tackle these challenges by combining off-the-shelf and proprietary large language models, with data, to surface insights and recommendations “in a matter of minutes rather…

When it comes to earning a living, you might want to be more like Elon.There are some strategy lessons to be learned from the world’s richest man, who just won a pay package worth up to $1 trillion at Tesla — even for those of us whose paychecks come with fewer zeros.Of course, most people can’t go work at their rocket company if their promotion or job offer doesn’t come through. However, a scaled-down version of some of the methods Musk and the Tesla board used could work for mere mortals.It comes down to knowing your worth, framing a pay…

Gen Zers and millennials are cutting back on dining out, hurting America’s biggest fast-casual chains.Chipotle, Cava, and Sweetgreen reported earnings in the last two weeks, and all three reported the same problem: Diners age 25 to 35 are visiting their stores less frequently as they pinch pennies.The chains offering what’s colloquially called slop bowls became a hit in the US for diners seeking something fresher, more customizable, and healthier than fast food with quick service.Now, unemployment, lower spending power, and high living costs are dragging down younger customers. Dining out is the first thing they cut back on, according to…

This as-told-to essay is based on a conversation with Brendan Pon, 36, an entrepreneur and part-time content creator in Osaka, Japan. It has been edited for length and clarity.I was born and raised in Toronto. I spent 10 years as a recruiter specializing in senior-level accounting roles. Before that, I was an accountant myself.My wife and I had a comfortable, predictable life with our two kids, but we wanted something new. They’re both under five, and we wanted to make the most of these early years by being present in their lives.In North America, it feels like you have to…

Intuit announced a host of new agentic AI features for both TurboTax and Credit Karma users, many of which take advantage of the fact that they are now on a single Consumer Platform. TurboTax changesThrough leveraging generative AI, TurboTax will now automate data entry for 90% of the most commonly used tax forms, such as 1040s and 1099s.  Mark Notarainni, general manager of Intuit’s consumer group, said in an interview that this differs from solutions that simply read data and use that to populate tax forms; Intuit’s AI, he said, is more context-focused. “It’s not about just getting and importing the data,…

Intuit is opening 20 brick and mortar TurboTax stores in major cities across the U.S. as well as 200 additional TurboTax Expert Offices for a total of 600 nationwide.The new physical locations build on the company’s recent efforts to develop more of a physical footprint for its customers, according to Mark Notarainni, general manager of Intuit’s Consumer Group. In an interview last night he said that TurboTax Live launched in 2020 as a purely virtual experience. From there, the first in-person TurboTax Expert Offices opened in late 2023; then, over 2024, Intuit opened many more such offices across the country,…

This as-told-to essay is based on a conversation with Paden Ferguson, CEO of Padiano’s Kitchen. It has been edited for length and clarity.In October, I saw online that Starbucks was launching its new holiday drinks and desserts, alongside a little holiday bear cup featuring a green beanie hat and straw.For the next month, my partner and I talked about how we were going to get the bear cup the day it came out on November 6th. But we thought it would be easy, just walking into the shop at noon on the launch day.We began to notice that other people…

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on the new Form 1099-DA.The requirement for companies to report on crypto transactions emerged under the Infrastructure Investment and Jobs Act of 2021. It classifies crypto exchanges and trading platforms as brokers and requires them to report on their customer’s gains and losses to the IRS every year starting with tax year 2025. Customers and the IRS are supposed to start receiving the forms in time for the 2026 tax season.  The Treasury and the IRS issued final regulations on the…