/Business/ Last Updated: Wed, Feb 8th, 2023 @ 4:10pm EST

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ChatGPT's founder blasts Google as a 'lethargic search monopoly' as the tech giant's AI war with Microsoft heats up

Sam Altman took at dig at Google's search engine in a recent interview.

Ramin Talaie/Getty Images and Kimberly White/Getty Images for GLAAD

OpenAI CEO Sam Altman called Google a "lethargic search monopoly" in an interview on Tuesday. Altman said he sees tremendous potential for his company's AI technology to change the way people find information online. Google has said it's own ChatGPT rival, Bard, will be coming to the public in a matter of weeks.

OpenAI CEO Sam Altman took a subtle dig at...

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Demetrius Haley didn't tell Tyre Nichols why he'd been pulled over. The Memphis cop was talking on the phone during the stop, documents show.

Demetrius Haley is one of five former Memphis police officers charged with murder in Tyre Nichols' death.

Memphis Police Department via AP

Former Memphis officer Demetrius Haley never told Tyre Nichols why he was pulled over. Department records say Haley approached Nichols while talking on the phone in a black hoodie. He yelled profanities, despite no evidence that Nichols ever swore at or threatened officers.

When Tyre Nichols was pulled over at E. Raines and Ross roads in Memphis on January...

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Over 16 million taxpayers from states like California should hold off on filing their taxes because of extra stimulus checks, the IRS says

FG Trade/Getty Images

In 2022, some states opted to give residents checks or tax rebates to offset the cost of inflation. Now, the IRS is looking into those payments and their taxability, and advising taxpayers who received them to wait on filing their federal returns. Waiting on guidance might mean taxpayers get refunds later, since they had to wait to file.

Last year, to offset rising costs, many states stepped in to give residents some extra money in their pockets. Now, it's unclear...

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Ex-Twitter employee tells AOC the platform changed its content moderation policy to accommodate Trump's racist 'go back' tweets

Rep. Alexandria Ocasio-Cortez of New York.

Kevin Dietsch/Getty Images

A former top Twitter official said the social network bent its rules for Trump's 2019 racist tweet. At the time, Trump told four Democratic lawmakers of color to "go back" to the countries they came from. Alexandria Ocasio-Cortez, one of the targets of the tweet, was clearly animated by what she learned.

Democratic Rep. Alexandria Ocasio-Cortez on Wednesday lit into complaints about anti-conservative bias on Twitter after a...

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A style expert said Kyrsten Sinema's yellow dress at the State of the Union 'reflects her independent spirit,' but that it 'missed the mark'

U.S. Sen. Kyrsten Sinema (I-AZ) applauds during U.S. President Joe Biden's State of the Union address during a joint meeting of Congress in the House Chamber of the U.S. Capitol on February 07, 2023 in Washington, DC.

Win McNamee/Getty Images

A style expert said Kyrsten Sinema's yellow State of the Union dress "missed the mark."  She added that the outfit choice reflected Sinema's "independent spirit — and party." She said the dress could have been "jarring" to members of Congress who are...

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Binance exec suggests an audit of the world's largest crypto exchange is still a ways off amid calls for greater transparency after FTX disaster

Binance

SOPA Images / Getty Images

FTX's crash prompted calls for a full audit of rival Binance's assets and liabilities.  Binance's audit is still a ways off as accounting firms try to learn the crypto sector, a company exec told Bloomberg.  "Added transparency around assets in custody is now a market demand," a Binance spokesperson told Insider.

Binance may be a ways off from a full financial audit amid calls for transparency after the fallout of rival crypto exchange FTX, according to the...

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Beyoncé's line with Adidas is reportedly struggling, driving home the challenge of filling the $2 billion hole left by Kanye West's Yeezy line

The Wall Street Journal reported Beyoncé's Ivy Park line with Adidas is coming up short of projections.

Adidas

The Wall Street Journal on Wednesday reported sales for the singer's Ivy Park Adidas line fell 50%.  Adidas' struggles to gain traction with Ivy Park come after the brand cut ties with Kanye West. Beyoncé's contract with Adidas expires after 2023, according to the Journal report.

Beyoncé on Sunday became the most-decorated artist in Grammys history. On Wednesday, a less-stellar...

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Florida legislators want to give DeSantis another $10 million to keep shipping migrants across the country

Republican Florida Gov. Ron DeSantis speaks during a campaign event in Oviedo, Florida, three days before the November November 8 election.

Paul Hennessy/SOPA Images/LightRocket via Getty Images

A Florida GOP bill would hand Gov. Ron DeSantis $10 million to transport migrants across the US. DeSantis previously used a state program to fly asylum seekers from Texas to Martha's Vineyard in September. Opponents of the proposal said DeSantis is "putting politics first and our economy last."

A...

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AI stocks are soaring in a meme-like frenzy. Here's why investors won't have to rely on Reddit enthusiasm to sustain the rally.

The rise of ChatGPT has sparked a boom in AI-related stocks and chip-makers.

NurPhoto/Getty Images; Phil Rosen/Insider

Following a brutal year for tech, the rise of ChatGPT has sparked a boom in AI stocks and chip-makers. Shares of both well-known and obscure companies have skyrocketed on even small updates related to AI.  The frenzy bears some resemblance to the meme stock craze, but AI's foundation is stronger, experts say. 

On the heels of a brutal year for Big Tech, the meteoric rise of...

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There's a big macro shift taking place that could erase the bulk of this year's stock market gains

(Photo by Scott Heins/Getty Images)

The stock market is on the verge of undergoing a significant macro shift that could threaten its recent gains in the short term.That's according to a Wednesday note from Fairlead Strategies cofounder Katie Stockton.She warned a rise in the US dollar and interest rates could put a lid on further market advances.

The stock market is undergoing a macro shift that could threaten its recent gains, according to a Wednesday note from Fairlead Strategies cofounder...

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Jennifer Lopez's $42.5 million mansion has a movie theater lined with posters from her hits and Ben Affleck's movies. Take a look inside.

Courtesy of Carolwood Estates

Jennifer Lopez is selling her 9-bedroom, 13-bathroom Bel Air estate for $42.5 million. The home sits on more than 7 acres and is one of the largest lots in the exclusive neighborhood.  The property includes a private beach, a 100-person amphitheater, and an organic vegetable garden. Jennifer Lopez has left her "Jenny from the Block" days behind, and is ready to do the same with her 14,000-square-foot Bel Air home that has 9 bedrooms and 13 bathrooms.

Courtesy of...

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Trump's White House asked Twitter to remove Chrissy Teigen's expletive-filled tweet insulting the former president, ex-employee testifies

Former President Donald Trump; Chrissy Teigen

Drew Angerer/Getty Images; Jordan Strauss/Invision/AP

An ex-Twitter employee said Trump's White House asked the company to take down a tweet. The expletive-filled tweet, written by Chrissy Teigen, insulted Trump. "They wanted it to come down because it was a derogatory statement," the ex-official said.

President Donald Trump's White House asked Twitter to take down a 2019 tweet posted by celebrity Chrissy Teigen that insulted him, a former...

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Russia's growing use of China's yuan is no threat to the dollar, and it could end up hurting Moscow's economy, think tank says

Chinese President Xi Jinping with Russian President Vladimir Putin.

REUTERS/Wu Hong/Pool

Russia's growing use of the yuan could end up backfiring on Moscow, said the Carnegie Endowment for International Peace. China's yuan is also unlikely to displace the US dollar in global finance, the think tank added. "This means that Beijing can't really help Moscow in its crusade against the dollar."

Russia's growing use of China's yuan could end up hurting Moscow, which won't get help from Beijing in...

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Microsoft's rally on Bing's ChatGPT-style revamp brings market capitalization back above $2 trillion, rejoining Apple

Satya Nadella, CEO of Microsoft.

Sean Gallup/Getty Images

Microsoft stock continued to rally on Wednesday, bringing the company's market cap back above $2 trillion.  Shares gained 4% on Tuesday after the company announced its search engine Bing would integrate AI from ChatGPT parent OpenAI.   Meanwhile, Alphabet fell after its ad for ChatGPT rival Bard showed the chatbot giving an inaccurate answer.

A rally in Microsoft stock on Wednesday helped lift the company's market capitalization back...

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A bank exec set to be sentenced for securities fraud faked a letter from his ex-fiancee calling him 'greatest man I will ever know' to get a lighter sentence

boonchai wedmakawand/Getty Images

A former bank exec from Silicon Valley faked six out of 12 character reference letters. One letter claiming to be from his ex-fiancée called him the "greatest man I will ever know." He had submitted the letters at a sentencing hearing for a prior securities fraud conviction.

A former bank executive convicted of securities fraud faked a handful of character reference letters — including one from his ex-fiancée calling him the "the greatest man I will ever...

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Joe Rogan facing allegations of antisemitism after saying it's 'stupid' to say 'Jews aren't into money'

Joe Rogan walks back on his claim that schools were putting out cat litter for kids who are 'furries.'

Vivian Zink/Syfy/NBCU Photo Bank/NBCUniversal via Getty Images

Joe Rogan faced accusations of antisemitism after his latest podcast episode.  "The idea that Jewish people are not into money is ridiculous," said the podcaster. The CEO of the American Jewish Committee said that Rogan's comments invoked age-old antisemitic tropes.

The outspoken right-wing commentator Joe Rogan has been accused...

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Thousands of people who ordered tiny homes from hot startup Boxabl have paid cash but are still waiting

Boxabl co-founders Paolo and Galiano Tiramani with one of their startup's tiny homes on the bed of a truck at a SpaceX site.

Boxabl

Tiny-home startup Boxabl amassed a 160,000-person wait list since Elon Musk was linked to a Casita. Many people made down payments months or years ago, but Boxabl has only built 400 homes in a year.  Max, who put down a $2,400 deposit for a Casita in 2021, told Insider he is fed up with the delay.  

Customers of Boxabl — the North Las Vegas-based tiny-home...

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DeSantis says he won't fight with Trump over Truth Social photos with high schoolers: 'I don't spend my time trying to smear other Republicans'

Florida Gov. Ron DeSantis (R) and former President Donald Trump (L) are taking shots at each other as the race for 2024 heats up.

Alex Brandon/AP Photo and Marta Lavandier/AP Photo

Trump attacked DeSantis on Truth Social by sharing a photo of him with high schoolers when he was a teacher. The post accused him of partying and drinking with high school girls.  "I don't spend my time trying to smear other Republicans," DeSantis said on Wednesday.

Florida Gov. Ron DeSantis refused to punch back...

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Whoops: Google's ad for new ChatGPT rival Bard shows the AI chatbot giving an inaccurate answer

Google recently announced Bard, its AI chatbot rival to ChatGPT.

View Pictures/Getty Images

Google recently revealed its experimental AI chatbot, Bard, a rival to OpenAI's viral ChatGPT. In an ad for Bard, the chatbot gives an inaccurate answer to a question about the James Webb Space Telescope. Bard is the latest player in the Big Tech battle for consumer-facing AI.

Google's ad for its new experimental AI chatbot, Bard, proves that artificial intelligence may not be taking over anytime...

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Amazon bursts back into the trillion-dollar club as the stock rally allows Big Tech to retake top slots among most valued companies

Amazon logo.

Getty

Amazon has returned to the trillion-dollar market-cap club as it continues to rebound after a dismal 2022. The boost to Amazon's market cap comes alongside the resurgence of Big Tech stocks this year. Securities firms including JMP, Truist and Evercore continue to predict further upside for the stock.

Amazon has reclaimed its place in the highly exclusive club of companies with market cap exceeding a trillion dollars, in a sign of Big Tech's resurgence that some analysts...

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