Author: M.Karatas

Let’s say I want to take myself to see Magic Mike’s Last Dance on Friday at the AMC 34th Street theater in Manhattan. Could happen! And if it does, I have two options: I can buy a regular ticket for $26.88. Or I can pick a seat in the middle of the theater and pay … $1 more. If this was a Knicks game or a Broadway show, this would be no big deal: Consumers are very familiar with the idea of paying more, or less, for seats based on desirability and demand: Front-row tickets for Taylor Swift cost thousands…

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When Rob Fishman, a former account executive at a tech startup, was laid off in January, he wasn’t sure how to talk about it. Even though tens of thousands of tech employees at startups like his — and at major tech companies like Google, Meta, and Microsoft (which owns LinkedIn) — were being laid off, there was still, he said, a stigma attached to talking about it. But he wanted people to know he was in the market for a new job, so he decided to post on LinkedIn. Fishman wrote a lighthearted, self-deprecating post listing out everything he did…

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Super Bowl LVI was only a year ago, but when you look at some of the ads we saw then, it feels like a much different time: one where the future of the internet was all about cryptocurrency, NFTs, and the metaverse. Companies that hadn’t even existed 10 or even three years prior spent big money promoting themselves as major Web3 players, and older, established companies tried to stake their claim in the same world. That world wouldn’t last long. In the past year, Web3 fumbled, Big Tech stocks turned over, and AI is currently charging down the field as…

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Christine Ruiz left her 9-to-5 job last summer to do the same work as a contractor instead. In both places, she’s a compliance manager, the person who makes sure a company’s software doesn’t run afoul of any policies. But Ruiz wanted to pursue an advanced degree and believed that switching from regular employment to freelance would give her more flexibility. She, like many of the independent workers we spoke with, was also lucky enough to maintain health care coverage through her spouse. “In years past, it maybe would have stressed me out a little bit more,” Ruiz said, “It’s worked…

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Joe Biden mentioned hamburgers in his 2023 State of the Union address. Specifically, the president wondered why the person who rings up your burger order may have signed a noncompete agreement preventing them from working at a nearby burger restaurant that pays better — the kind of agreement that 30 million workers in the US are also beholden to. Biden vowed that these agreements will soon be banned. That’s the current job of Federal Trade Commission chair Lina Khan, who announced last January that the agency had proposed a rule to ban the practice of forcing workers to sign noncompete…

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Microsoft has officially taken the lead in the race to build a search engine powered by generative AI. On Tuesday, the company debuted the rumored OpenAI-infused versions of its Bing search engine and Edge web browser, proclaiming them to be the next evolution of the internet — an evolution that so far seems to be crafted by Microsoft. Not Google. “AI will fundamentally change every software category, starting with the largest category of all — search,” Microsoft chairman and CEO Satya Nadella said in a statement. Microsoft is calling the new AI-powered Bing and Edge your internet “copilots.” With AI…

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Under intense pressure to compete with ChatGPT — the buzzy AI chatbot that has become a viral sensation — Google announced on Monday that it’s releasing its own “experimental conversational AI” tool, called “Bard.” The company also said it will add new AI–powered features to Google search. Google will first give Bard access to a group of trusted external partners, according to a company blog post on Monday; it said it plans to give the public access “in the coming weeks.” What the public will have access to starting this week are search results that sometimes show AI-generated text, especially…

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Under intense pressure to compete with ChatGPT — the buzzy AI chatbot that has become a viral sensation — Google announced on Monday that it’s releasing its own “experimental conversational AI” tool, called “Bard.” The company also said it will add new AI–powered features to Google search. Google will first give Bard access to a group of trusted external partners, according to a company blog post on Monday; it said it plans to give the public access “in the coming weeks.” What the public will have access to starting this week are search results that sometimes show AI-generated text, especially…

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Elon Musk and Tesla were found not liable for investors’ losses after Musk tweeted in 2018 that funding had been secured to take Tesla private, in a class-action lawsuit that was much watched because of its high-profile defendant. It marked the second time in recent months that Musk appeared in court to defend himself as CEO of Tesla, at a time when the company’s investors have increasingly expressed concerns about Musk’s leadership. The verdict proved yet another twist in a months-long public debate about the billionaire’s impetuous, often contentious behavior, especially on Twitter. The trial, in the end, revealed as…

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The war in Ukraine has affected many things, from energy prices to food to raw materials, fundamentally changing the way the world’s major economies move forward in 2023 and beyond. Inflation in the EU is her highest in 40 years, and UK is above her 10%. According to CNN’s Business News, “The UK economy contracted in the third quarter, signaling the beginning of a recession that is likely to hit Europe next.”The EU’s zeal to drop all of Russia has plunged the European bloc into a years-long energy crisis. The newly built Nord 2 gas pipe was blown out of…

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