Author: arthursheikin@gmail.com

[ad_1] The M&A recovery may look strong on paper, but that doesn’t guarantee generous bonuses for dealmakers.A new compensation report from Johnson Associates shows traders riding a wave of volatility to bigger year-end bonuses while many private equity professionals and M&A bankers brace for another year of stagnant or shrinking pay.Equities traders are on track to notch bonus gains of 20% to 30% this year, while fixed income desks could see increases of 10% to 20%, the compensation consultancy’s report released Tuesday said. Debt underwriting is benefiting from a spike in refinancing demand, with payouts forecast to rise 5% to…

[ad_1] Uber is starting to let women request women drivers. It’s about time, says Jillian Anderson.Anderson founded HERide, which started offering rides in Atlanta in 2022 — three years before Uber announced last month that it would start allowing women to request female drivers on its app.Anderson said she got the idea for HERide while working as a ride-hailing driver herself. Many of the women Anderson picked up after dark told her that male drivers often asked to take the ride off-app or tried to get their contact information, she told Business Insider.”After hearing endless stories like that for a couple…

[ad_1] Since 2018, I’ve been creating printables and selling private label rights, or PLR. By adding digital products, templates, and courses, I grew my business into a six-figure income.As an experienced developer and app designer, I’ve maximized my income by using AI to create digital products. I was making $10,000 a month until I started vibe coding, which enabled me to double my income to up to $20,000 a month.Vibe coding has transformed the way I workI’ve been developing and designing apps with a focus on user experience for over 25 years, working for major companies such as Verizon and…

[ad_1] Many tech executives still preach the importance of learning to code — but the CEO of software company Autodesk says there’s another skill that’s more important.”If the coding models are going to be doing the code for you, what’s more important is that you understand there’s this whole notion of systems-level and interdisciplinary thinking,” Andrew Anagnost told Business Insider.As someone who followed a non-traditional educational path before earning a Ph.D. in aeronautical engineering and computer science, Anagnost is a big advocate for interdisciplinary thought and exploration.While he understands the value of diving deeply into a topic and gaining expertise…

[ad_1] It was an awkward blooper that may have been a blessing in disguise. When Tesla unveiled the Cybertruck in 2019, the company’s chief designer, Franz von Holzhausen, stood next to CEO Elon Musk and threw a metal ball at the car’s windows to prove their durability.The only problem? The Cybertruck’s windows shattered.In a recent interview, von Holzhausen spoke about the story behind the viral incident.He’d done a test run on the armored glass windows “multiple times right before we went live on the stage,” he said in an interview with Tesla Club Austria published Saturday.”I think it was just…

[ad_1] When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on the call. “I’d spend my weekends uploading receipts, reconciling every expense manually.” Now, Alaan, the company he launched with fellow McKinsey alumnus Karun Kurien, is the Middle East’s leading spend management platform. It just announced that it raised $48 million in Series A funding…

[ad_1] Back in March, Harrison was riding high.He was on track to earn roughly $800,000 this year thanks to a carefully engineered strategy of secretly juggling six remote IT jobs — and hiring a team of global freelancers to help him manage the load.But then, over the course of several weeks, his operation collapsed. Harrison lost four of his six jobs, slashing his annualized income to about $200,000. The sudden drop forced him to delay buying a car, consider skipping a family wedding, and rethink how much he could support his children financially.”Three-quarters of my income was gone — it…

[ad_1] Artificial intelligence is reshaping the US job market — and young tech workers are feeling the brunt of it.”It is true that AI is starting to show up more clearly in the data,” wrote Jan Hatzius, Goldman Sachs’ chief economist, in a Monday note.Goldman’s analysis shows that the tech sector’s share of the US employment market peaked in November 2022 — when ChatGPT was launched — and has since fallen below its long-term trend.The impact has been especially sharp for young tech workers. The unemployment rate for 20- to 30-year-olds in tech has risen by nearly 3 percentage points…

[ad_1] A Palantir exec had some strong words for Large Language Models.The Denver-based AI software company reported its first-ever billion-dollar quarter in Monday’s Q2 earnings report, and the executives opened the investors call with comments on LLMs and how it plans to win the AI race.”LLMs, on their own, are at best a jagged intelligence divorced from even basic understanding,” Ryan Taylor, the company’s chief revenue officer and chief legal officer, told shareholders on the earnings call. “In one moment, they may appear to outperform humans in some problem-solving task, but in the next, they make catastrophic errors no human…

[ad_1] If you want to succeed in AI, a good hack would be to impersonate Google. You just can’t get caught.This is what just happened to Perplexity, a startup that competes with ChatGPT, Google’s Gemini, and other generative AI services.Quality data is crucial for success in AI, but tech companies don’t want to pay for this, so they crawl the web and scrape information for free, often without permission. This has sparked a backlash by some content creators and others interested in preserving the incentives that built the web.Cloudflare and its CEO, Matthew Prince, have stormed into this battle with…