Insider Finance - Business - A hacker stole my life

Elon Musk was among hundreds of people who this week called for a six-month pause on advanced AI development, warning of an “out-of-control race to develop and deploy” new systems. A prominent AI researcher went further, saying six months wasn’t long enough, and “we need to shut it all down.”

It’s not just the experts. Polls repeatedly show a striking level of negativity surrounding AI. Examples of ChatGPT saying scary things surely don’t help. But those fears also make sense against the backdrop of a shaky economy and a distrust of Big Tech. 

Goldman Sachs has forecast that AI systems could impact 300 million full-time jobs. Whereas previous technological advancements like automation have disproportionately impacted manual workers, AI promises to impact white-collar workers most — and that’s amid fears of a credit crunch on Main Street and layoffs rolling through the likes of Disney, Salesforce, Meta, and more. 

Then there’s Big Tech’s part in this. AI has been described as the next transformational technology, on a par with the creation of the internet or the television. But there are parallels, too, with social media. And we’ve all seen how that’s playing out. 

Avery Hartmans was at her bridal shower when she noticed something was off. She got two push alerts from Verizon containing account-access codes and a message thanking her for activating a new device. She thought it was a glitch. 

In reality, she had been the victim of SIM swapping, a nefarious new form of technological identity theft. In just a few hours, the hacker wreaked havoc on Hartmans’ life — activating new credit cards and racking up roughly $10,000 in purchases. Her bank, her phone company, and the police were useless, leaving her thousands of dollars in debt weeks before her wedding.

Read the hacking horror story.

JPMorgan’s CEO had become the de facto face of the banking industry as markets erupted into chaos during the Great Recession. His bank acquired not one but two troubled financial firms at the behest of the government back in 2008.

Dimon’s hero status was short-lived — and he emerged bruised and battered. But now, he has found himself once again working with regulators to help contain a banking crisis — and this time, he appears poised to come out on top.

Here’s how this time might be different.

Remote and hybrid work has transformed office attendance and allowed companies to cut back on their physical footprints, which has also made tenants more choosy about the spaces they do take. 

Staid properties risk being left behind. And now, landlords of these older buildings face a reckoning.

What to know about the office doom loop.

In just the past year, Quinn Emanuel Urquhart & Sullivan has represented Elon Musk in his takeover of Twitter and FTX in the crypto exchange's bankruptcy proceedings. But behind the scenes, there’s an internal shake-up happening that’s been the talk of elite law-firm circles. 

Insider spoke to founder John Quinn, as well as 60 current and former Quinn Emanuel attorneys. Together, they revealed previously unreported internal firm rivalries, tensions stemming from the generational changing of the guard, and insights into a revamping of the firm's partnership.

Inside the shake-up at Quinn Emanuel.

— Ron Peri, a member of Walt Disney World's oversight district board, who admitted that Gov. Ron DeSantis’ attempt to assume control of Disney’s land has backfired.

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