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Here’s everything Uber just announced at its spring product event

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Uber is rolling out a new feature allowing users to reserve seats on a shuttle to get to and from high-traffic areas like an airport or sports stadium.

Uber is partnering with local fleet providers for use of the shuttles, which will seat between 14 and 55 riders. The shuttles can be booked up to seven days in advance and riders pay directly in the Uber app. Users, who are able to book up to five seats on each shuttle, will be able to track the location of their vehicle in the Uber app within 25 minutes of departure time. The app will generate a QR-code ticket that’s validated by the driver while boarding.

The new service announcement came as part of Uber’s annual GO-GET product event. The company heavily focused on getting together and saving money, as consumers continue to worry about the economic climate and cut discretionary spending. The company said that Uber Shuttle, for example, will be a fraction of the price of an UberX, its regular car-on-demand service.

Here’s what else Uber announced at GO-GET 2024:

Scheduling UberX Share

Uber will now let users schedule shared rides in advance in cities that have experienced some of the highest return-to-office rates. The hope is to target commuters, who can reserve their seat in cars on the way to work. Uber CEO Dara Khosrowshahi said in the company’s earnings call last week that they want to increase the number of commuters who return to using Uber as a daily habit. “We see the weekday commute use case being particularly strong as people are coming back to work,” Khosrowshahi said on the call.

[Photo: Uber]

Uber is bringing UberX Share booking to New York City, Los Angeles, Chicago, San Francisco, San Diego, and Atlanta before expanding to more cities.

[Photo: Uber]

Uber One for Students

Uber is rolling out a discounted membership program to attract students who may not want to pay for the full Uber One fee. Uber One for Students is $4.99 per month or $48 per year. Students will get $0 delivery fees and up to 10% off orders, as well as special deals and free items.

[Photo: Uber]

Costco delivery

Uber Eats is adding Costco to its delivery program. People ordering don’t have to have a Costco membership to order from the retailer, but those who input their membership numbers will receive an additional (but undisclosed) discount.

[Photo: Uber]

Uber Caregiver

Caregivers will be able to book others rides to doctor appointments, purchase medical supplies and over-the-counter items, and order groceries through Uber Caregiver starting this summer. The company, which is starting off with the rides functionality, will apply benefits when eligible, in an effort to minimize out-of-pocket costs.


Meet the TikTok creators who are suing the DOJ over the potential ban of the platform

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Eight TikTok content creators sued the U.S. government on Tuesday, issuing another challenge to the new federal law that would ban the popular social media platform nationwide if its China-based parent company doesn’t sell its stakes within a year.

Attorneys for the creators argue in the lawsuit that the law violates users’ First Amendment rights to free speech, echoing arguments made by TikTok in a separate lawsuit filed by the company last week. The legal challenge could end up before the Supreme Court.

The complaint filed Tuesday comes from a diverse set of content creators, including a Texas-based rancher who has previously appeared in a TikTok commercial, a creator in Arizona who uses TikTok to show his daily life and spread awareness about LGBTQ issues, as well as a business owner who sells skincare products on TikTok Shop, the e-commerce arm of the platform.

The lawsuit says the creators “rely on TikTok to express themselves, learn, advocate for causes, share opinions, create communities, and even make a living.”

“They have found their voices, amassed significant audiences, made new friends, and encountered new and different ways of thinking — all because of TikTok’s novel way of hosting, curating, and disseminating speech,” it added, arguing the new law would deprive them and the rest of the country “of this distinctive means of expression and communication.”

A spokesperson for TikTok said the company was covering the legal costs for the lawsuit, which was filed in a Washington appeals court. It is being led by the same law firm that represented creators who challenged Montana’s statewide ban on the platform last year. In November, a judge blocked that law from going into effect.

The Department of Justice said that the legislation that could ban TikTok “addresses critical national security concerns in a manner that is consistent with the First Amendment and other constitutional limitations. We look forward to defending the legislation in court.”

The federal law comes at a time of intense strategic rivalry between the U.S. and China on a host of issues and as the two butt heads over sensitive geopolitical topics like China’s support for Russia in its invasion of Ukraine. U.S. lawmakers and administration officials have aired concerns about how well TikTok can protect users’ data from Chinese authorities and have argued its algorithm could be used to spread pro-China propaganda, which TikTok disputes.

Under the law, TikTok’s parent company ByteDance would be required to sell the platform to an approved buyer within nine months. If a sale is in progress, the company will get a three-month extension to complete the deal.

However, TikTok and ByteDance said in their lawsuit last week that they would still have no choice but to shut down by Jan. 19 because continuing to operate in the U.S. wouldn’t be commercially, technologically or legally possible.

They assert it would be impossible for ByteDance to divest its U.S. TikTok platform as a separate entity from the rest of TikTok, which has 1 billion users worldwide — most of them outside of the United States. A U.S.-only TikTok would operate as an island detached from the rest of the world, the lawsuit argues. It also says the Chinese government — which would need to approve such a sale — has “made clear” it would not permit a sale of the recommendation algorithm that populates users’ feeds and has been the “key to the success of TikTok in the United States.”

In an interview, Brian Firebaugh, the Hubbard, Texas-based rancher who is part of the creator lawsuit, said he started his TikTok account in 2020 to help establish his brand and market the cattle-related products that he sells online. That decision allowed him to quit his full-time job and live off the income he was making from TikTok, where he currently has more than 430,000 followers.

Firebaugh, 44, said TikTok has also helped him build an online community with other ranchers and gave him the opportunity to participate in a Netflix reality show where his winnings allowed him and his wife to afford the adoption process for their son. Losing TikTok, he said, would disrupt everything.

“One hundred percent of our customers come from TikTok,” Firebaugh said. “For that to go away, you’re now stealing money out of my family’s mouths.”

Chloe Joy Sexton, a 29-year-old content creator who lives in Memphis, Tennessee, and runs a cookie business called Chloe’s Giant Cookies, said she started experimenting with TikTok four years ago after losing her prior job. Sexton said she had been posting content on other social media platforms, but only TikTok created a viral trajectory for her baking. Today, she has more than 2 million followers on the app, where she has also shared more intimate details about her life, such as losing her mother to brain cancer and subsequently adopting her little sister.

“There has been no evidence whatsoever that my information is in danger or anybody else’s,” said Sexton, who is one of the plaintiffs in the lawsuit. “Nobody has provided that — not the government, not anybody else. And to base this purchase, this tug of war that changes my life off of a hypothetical is so hurtful to me personally, because my government at that point is not protecting me.”

The creators are asking the court to issue a declaration saying the law is unconstitutional and an order that would prevent Attorney General Merrick Garland from enforcing it.

—Haleluya Hadero, AP Business Writer

New Mozilla director Nabiha Syed wants to bring ‘joy and creativity’ back to the internet (exclusive)

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Nabiha Syed, who was previously CEO of investigative tech news nonprofit The Markup, is joining the Mozilla Foundation as executive director, she tells Fast Company in an exclusive interview. 

Syed will be stepping into an organization that looks to bring its open source, pro-user freedom approach to the rapidly growing field of artificial intelligence. The Mozilla Foundation—the nonprofit parent organization of the for-profit Mozilla Corporation, best known for producing Firefox—generally works to promote open technologies and user control of personal data and devices.  Last year, it announced a $30 million investment in Mozilla.ai—a new lab focused on building trustworthy, open source AI tools—and acquired Fakespot, which builds AI tools to help shoppers spot fake product reviews and understand real ones, as part of an overall push to shape AI to benefit the public good.

For Syed, it’s the natural next step in a career built in promoting human agency and the public good online—even as, lately, the internet can feel dominated by a few big, for-profit companies. 

“Mozilla is one of those brands that I think I knew about it from my early internet consciousness,” Syed says. “And it is one of those brands that has this history of putting people before profit and creativity before control.”

Prior to joining The Markup in 2019, Syed worked as a media and First Amendment lawyer, serving as associate general counsel at BuzzFeed at a time when the site’s news division was regularly publishing prize-winning investigations and commentary.

“The BuzzFeed newsroom was fundamentally about joy, creativity, and then listening to what people were putting out into the world,” she says. “I think those three principles of just joy, creativity, and listening are ones that are really important anchors for the [Mozilla] Foundation’s work.”

At 38, Syed came of age in the freewheeling early days of the web. In her case, that meant using a home desktop machine to build Geocities pages, write X-Files fan fiction, and connect with friends and relatives on AIM. It’s the kind of experience she’d like to see future generations have, even if the exact tools and technologies they use will look different from the era where Mozilla first entered the public consciousness providing an alternative to Microsoft’s browser monopoly

“People’s digital lives should be marked by joy and creativity,” she says. Syed already worked with Mozilla during her time at The Markup, when the two organizations enlisted users to track what sort of online data was being swept up by Meta’s tracking tech. (The Markup was recently acquired by California nonprofit news outlet CalMatters). The research spotted Meta’s Pixel code monitoring user behavior on sensitive sites like medical patient portals and the Department of Education’s financial aid application form. Other privacy tracking software developed at The Markup helped researchers spot the Meta Pixel in other places many people wouldn’t want to be tracked, like websites of anti-abortion crisis pregnancy centers

“That is the type of tool that I would love to keep working, investing, [and] building,” Syed says.

Mozilla, Syed points out, has done some of its own work promoting an understanding of the software and hardware people use online, like creating a hub of privacy info around popular software and gadgets and building a browser extension to let users log unpleasant YouTube recommendations. The foundation also gives grants promoting “a more open, inclusive internet” and offers fellowships funding researchers and activists working in that arena. The organization’s dual ability to both fund innovative work and build technology in house is rare and valuable, says Syed.

“Having both of those muscles in one place is extraordinary,” she says. “I actually just don’t know of that many places that can do it.”

As she prepares to shepherd Mozilla’s work through the AI era, Syed says her experience in both law and journalism has taught her to think of problems like the shape of the tech world in terms of “systems and structures”—and what it takes to shift them.

“This is not etched into a marble tablet for us,” she says. “We can build something better.”

Deloitte: Gen Z and millennials who use generative AI love it, but they worry it will steal jobs

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The future of work rests in the hands of millennials and Gen Z. In the latest edition of its Gen Z and Millennial Survey, Deloitte collected data from over 22,800 Gen Z and millennial respondents across 44 countries in order to understand how they feel about work and their context. Here are the key insights:

  • AI seen as offering short-term gain and long-term job losses: About a quarter of Gen Z and millennials use generative AI (gen AI) at work frequently or all of the time, the report found. The vast majority of these users believe gen AI will give them more free time and improve the way they work. However, the same group is more likely to believe that gen AI will lead to job loss. While 59% of Gen Z and millennials overall believe gen AI will create job loss, 71% of gen-AI frequent users believe it will lead to job loss.
  • Higher education is not the be-all and end-all: A third of respondents said they have decided not to pursue higher education. A quarter of Gen Z said this was due to financial reasons, and 40% of millennials said the same. About a quarter of Gen Zers and 18% of millennials said they were pursuing careers that that don’t require a college degree.
  • Environmental sustainability is the top priority: About 60% of respondents said they have felt anxious about climate change, a two point increase from last year. About 50% say they are putting pressure on their employers to do something about climate change, while about 40% said they have already or will change their job due to their concerns about the environment.

“There is uncertainty about how Generative AI (GenAI) could impact work and their own careers,” the report’s authors wrote. “And they believe business is still falling short of its potential to address some of the world’s most critical societal challenges from protecting the environment, to social inequality.”

Senators’ AI report urges $32 billion in emergency spending for research and safeguards

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A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and place safeguards around it, writing in a new report released Wednesday that the U.S. needs to “harness the opportunities and address the risks” of the quickly developing technology.

The group of two Democrats and two Republicans said in an interview Tuesday that while they sometimes disagreed on the best paths forward, it was imperative to find consensus with the technology taking off and other countries like China investing heavily in its development. They settled on a raft of broad policy recommendations that were included in their 33-page report.

While any legislation related to AI will be difficult to pass, especially in an election year and in a divided Congress, the senators said that regulation and incentives for innovation are urgently needed.

“It’s complicated, it’s difficult, but we can’t afford to put our head in the sand,” said Schumer, D-N.Y., who convened the group last year after AI chatbot ChatGPT entered the marketplace and showed that it could in many ways mimic human behavior.

The group recommends in the report that Congress draft “emergency” spending legislation to boost U.S. investments in artificial intelligence, including new research and development and new testing standards to try and understand the potential harms of the technology. The group also recommended new requirements for transparency as artificial intelligence products are rolled out and that studies be conducted into the potential impact of AI on jobs and the U.S. workforce.

Republican Sen. Mike Rounds, a member of the group, said the money would be well spent not only to compete with other countries who are racing into the AI space but also to improve Americans’ quality of life — supporting technology that could help cure some cancers or chronic illnesses, he said, or improvements in weapons systems could help the country avoid a war.

“This is a time in which the dollars we put into this particular investment will pay dividends for the taxpayers of this country long term,” he said.

The group came together a year ago after Schumer made the issue a priority — an unusual posture for a majority leader — and brought in Democratic Sen. Martin Heinrich of New Mexico, Republican Sen. Todd Young of Indiana and Rounds of South Dakota.

As the four senators began meeting with tech executives and experts, Schumer said in a speech over the summer that the rapid growth of artificial intelligence tools was a “moment of revolution” and that the government must act quickly to regulate companies that are developing it.

Young said the development of ChatGPT, along with other similar models, made them realize that “we’re going to have to figure out collectively as an institution” how to deal with the technology.

“In the same breath that people marveled at the possibilities of just that one generative AI platform, they began to hypothesize about future risks that might be associated with future developments of artificial intelligence,” Young said.

While passing legislation will be tough, the group’s recommendations lay out the first comprehensive road map on an issue that is complex and has little precedent for consideration in Congress. The group spent almost a year compiling the list of policy suggestions after talking privately and publicly to a range of technology companies and other stakeholders, including in eight forums to which the entire Senate was invited.

The first forum in September included Elon Musk, CEO of Tesla and owner of X, Meta’s Mark Zuckerberg, former Microsoft CEO Bill Gates and Google CEO Sundar Pichai.

Schumer said after the private meeting that he had asked everyone in the room — including almost two dozen tech executives, advocates and skeptics — whether government should have a role in the oversight of artificial intelligence, and “every single person raised their hand.”

The four senators are pitching their recommendations to Senate committees, which are then tasked with reviewing them and trying to figure out what is possible. The Senate Rules Committee is already moving forward with legislation, voting on Wednesday on three bills that would ban deceptive AI content used to influence federal elections, require AI disclaimers on political ads and create voluntary guidelines for state election offices that oversee candidates.

Schumer, who controls the Senate’s schedule, said those election bills were among the chamber’s “highest priorities” this year. He also said he planned to sit down with House Speaker Mike Johnson, who has expressed interest in looking at AI policy but has not said how he would do that.

Some experts warn that the U.S. is behind many other countries on the issue, including the EU which took the lead in March when they gave final approval to a sweeping new law governing artificial intelligence in the 27-nation bloc. Europe’s AI Act sets tighter rules for the AI products and services deemed to pose the highest risks, such as in medicine, critical infrastructure or policing. But it also includes provisions regulating a new class of generative AI systems like ChatGPT that have rapidly advanced in recent years.

“It’s time for Congress to act,” said Alexandra Reeve Givens, CEO of the Center for Democracy & Technology. “It’s not enough to focus on investment and innovation. We need guardrails to ensure the responsible development of AI.”

The senators emphasized balance between those two issues, and also the urgency of action.

“We have the lead at this moment in time on this issue, and it will define the relationship between the United States and our allies and other competing powers in the world for a long time to come,” Heinrich said.

—Mary Clare Jalonick, Associated Press

Matt O’Brien, Associated Press writer, contributed to this report.

‘We matter’: Labor laws are changing to protect nannies at work

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Map all doors in the home and figure out how to escape. Make a list of items in each room that you can use to defend yourself. Shelves, dishes, night stands, kitchen knives — all can be weapons if you are attacked.

These are among the strategies Judith Bautista Hidalgo teaches her students — 25 Hispanic women working as nannies, housekeepers and home care workers in the New York City area — to defend themselves on the job. She hopes her April training on preventing sexual harassment will be a lifeline for many in the classroom who have experienced assault or abuse at work.

Domestic workers like those in Hidalgo’s class are excluded from many federal workplace protections in the United States, and the private, home-based nature of the work means abuse tends to happen behind closed doors.

Although many domestic workers are covered under federal minimum wage and overtime laws, part-time and live-in workers are still exempt from some provisions. And domestic workers are generally excluded from Title VII of the Civil Rights Act of 1964 — a federal law banning workplace discrimination, including sexual harassment — since it only applies to employers with 15 or more employees.

Neither are domestic workers covered by the Occupational Safety and Health Act, which aims to ensure safe and healthy conditions for workers.

In the coming weeks, Rep. Pramila Jayapal (D-Wash.) plans to introduce a national domestic workers bill of rights, which seeks to “reverse the historic exclusions of domestic workers from key labor laws,” according to a statement from her office.

Although previous efforts to pass similar legislation have stalled in Congress, support continues to mount this time around. But there are still plenty of hurdles to overcome, according to Ai-jen Poo, president of the National Domestic Workers Alliance.

“It’s not uncommon for a bill of the scope and significance to take decades,” she said.

Last month, domestic workers traveled to Washington, D.C., where they were in the crowd for a rally headlined by President Joe Biden. The next day, they met with Jayapal to discuss the federal domestic workers bill of rights, crowding onto couches and sharing their stories in English and Spanish.

Dulce Tovar, who has been a nanny for more than a decade, lives in El Paso, Texas, where neither the state nor the city have passed protections for domestic workers.

“There’s a lot of abuse,” Tovar said in Spanish. “If we complain about something, or ask for something, we aren’t heard. They tell us, ‘There’s a lot of people who want your job.'”

Part of the problem is that domestic work is undervalued and often dismissed as “caregiving work that women were just expected to do out of the goodness of their hearts” rather than professional work deserving of labor protections, said Julie Vogtman, senior counsel for the National Women’s Law Center.

Isabel Santos, a nanny from Chicago, said many do not appreciate the expertise experienced caretakers like herself bring. Santos, 51, has been caring for children for more than two decades and has received training on early childhood development. She has potty-trained children, taught them Spanish, taught them their alphabets and colors and has made sure they were ready for school by the time they entered kindergarten.

“To support the child’s development, we have to be a little bit teacher, a little bit nurse and a little bit psychologist,” Santos said.

Domestic workers from across the country have taken their fight beyond Congress and straight to statehouses, where they have been instrumental in getting labor protections passed.

But even in the 11 states with laws on the books that specifically target domestic workers, those often go unenforced. Women are more likely to be assaulted at work than men. Domestic workers, who make less than half of what a typical worker makes and are disproportionately women and immigrant women — many of whom lack legal work status — are especially vulnerable to workplace exploitation, experts say.

The women taking Hidalgo’s course as part of We Rise Nanny Training in Brooklyn have no intention of being defenseless.

“We are fighters. We matter,” said Aniuska Esther, a house cleaner who attended the course on a recent Saturday afternoon. “We do the work that no one else will do.”

A coalition of organizations including Carroll Gardens Nanny Association, the National Domestic Workers Alliance, and Cornell University’s School of Industrial and Labor Relations created We Rise as a low-cost education and organizing program aimed at transforming the domestic worker industry. Besides combating sexual harassment, the curriculum offers classes in English and Spanish on workers’ rights, newborn care, CPR and first aid, organizing, negotiating, family communication, child nutrition and more.

Hidalgo herself knows firsthand what it feels like to endure sexual harassment in the workplace. Last April, she said she was cleaning an apartment in New Jersey when a friend of the employer visited. He later cornered her in the kitchen, exposed himself and started to masturbate.

When he advanced toward her despite her protests, Hidalgo said she pulled out a meat knife she had just washed and held it to his throat. “Stay away from me,” she repeated. He retreated to the living room and sat down “like nothing happened,” Hidalgo said.

She was fired after reporting the incident to her employer.

A year later she’s still living with the consequences. Hugs from her boyfriend or teenage son send her into a panic. Crowded subways set her on edge. It’s hard to fall asleep at night.

When she felt strong enough, she came forward with her case and began teaching sexual harassment prevention classes. Some participants came forward with their own experiences, and classmates engulfed them in hugs and offered tissues.

Some said they feel afraid to speak up because they lack legal work authorization. But “the same laws apply to an undocumented worker as any other worker,” said Laura Rodriguez, a New York City area employment attorney who primarily represents low-wage immigrant workers, including domestic workers.

Although employers may threaten to call immigration authorities if domestic workers speak up about problems in the workplace, they generally don’t because they risk revealing that they broke the law themselves by hiring someone without work authorization, she explained.

Some clients Rodriguez has represented experienced abuses so severe they are considered labor trafficking violations. For example, when the pandemic hit, some families insisted their nannies remain at the employer’s home to avoid spreading Covid-19, so workers were unable to go out in public or see their own families for long periods at the risk of getting fired, according to Rodriguez.

On top of that, duties often increased — cooking meals and doing laundry for the whole family instead of just the children after parents started working remotely, for example.

Combined with lower pay and job insecurity, “the pandemic was a nightmare for every domestic worker,” according to Wendy Guerrero, program and membership coordinator for Carroll Gardens Nanny Association and a former nanny who helped organize the We Rise Nanny Training.

Esther, the housekeeper who attended Hidalgo’s class, said the trainings make her feel empowered. Before she started taking the classes, Esther had to miss four days of work because of breast cysts requiring biopsies that left her arm and chest swollen for days. She didn’t know that New York law entitled her to paid sick leave, and went without pay.

“I can defend myself now. I can’t stay silent. Now I feel that the law is with me and I feel that I can speak,” she said.

The Associated Press’ women in the workforce and state government coverage receives financial support from Pivotal Ventures. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

—Claire Savage and Moriah Balingit, Associated Press

Netflix-NFL deal tests fans’ subscription fatigue. How costly could streaming every game get?

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Netflix has joined the NFL’s lineup of TV partners, making its much-anticipated move into the world of live-sports streaming. In an announcement made today, the league revealed that Netflix will stream two Christmas Day games starting this year. 

Initially, the NFL said that no games would be scheduled for December 25, but it has now confirmed a doubleheader for Christmas Day, which falls midweek. Wednesday games are a rarity in the NFL, with the last instance occurring to avoid conflict with President Barack Obama’s speech at the Democratic National Convention in 2012.

Which teams will take the field on Christmas Day remains undisclosed, but the NFL will announce its full 2024 schedule—including Yuletide matchups—later this evening.

Groundbreaking deal 

“This marks a big bet on live content for us, tapping into massive fandoms across comedy, reality TV, sports, and more,” said Bela Bajaria, Netflix’s chief content officer, in a statement. “There are no live annual events, sports or otherwise, that compare with the audiences NFL football attracts. We’re so excited that the NFL’s Christmas Day games will be only on Netflix.”

Hans Schroeder, NFL executive vice president of media distribution, also expressed his enthusiasm about the partnership. “The NFL on Christmas has become a tradition, and to partner with Netflix, a service whose biggest day of the year is typically this holiday, is the perfect combination to grow this event globally for NFL fans,” he said in a statement.

The landmark deal between the NFL and Netflix marks the streaming giant’s most significant venture into live-streaming and sports content to date. Netflix has been testing the waters with live content, previously striking deals with the WWE and hosting live events such as the recent comedy roast of NFL legend Tom Brady.

The partnership between the NFL and Netflix is slated to span three years, with Netflix committed to streaming “at least one holiday game each year.” Financial details were not disclosed by either party.

Costs keep piling up for NFL fans

With Netflix now in the mix, the 2024 NFL season will enjoy coverage across a spectrum of networks and streaming platforms. To catch all the action, fans will need access to a range of traditional broadcast and cable-TV channels including CBS, Fox, NBC, ESPN, ABC, and the NFL Network, as well as the streaming services Peacock, ESPN+, Netflix, and Amazon’s Prime Video.

Similar to games streamed on other platforms, such as Peacock, ESPN Plus, and Prime Video, the NFL assures fans that Netflix’s Christmas games will also be broadcast live on local networks in the playing teams’ markets and will be available for streaming on mobile devices through the league’s NFL+ service. 

Still, with so many broadcasting players already on board, and now adding Netflix to the mix, accessing every 2024 NFL regular season game could set football fans back approximately $850, according to one estimate from SportsNaut.

As monthly subscription fees for cable and streaming platforms keep climbing, and with the NFL considering auctioning off certain games in future seasons, it’s conceivable that the price tag for watching NFL games on TV could soar to $1,000 plus.

These 50 global housing markets have the most millionaires

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There are more millionaires living in New York City (349,500) than there are people in the entire city of Cincinnati.

New York City—the epicenter of global luxury real estate—has by far the most millionaires of any global housing market, according to a recent report by Henley & Partners, a company that provides services to wealthy individuals looking to gain citizenship in other countries.

NYC is followed by the San Francisco Bay Area (305,700 millionaires), Tokyo (298,000), Singapore (244,800), and London (244,800).

Every city on this list has a huge luxury real estate market. Among the top 50 global housing markets for millionaires, Shenzhen, China, was the area with the largest 10-year growth in millionaires, up 140% from 2013 to 2023. Meanwhile, Moscow, Russia, saw the biggest drop, amid its war with Ukraine and subsequent trade sanctions from the U.S. and Europe. Its number of millionaires dropped by 24%.

In the U.S., Austin was the city with the largest 10-year growth in millionaires, according to the report. The capital of Texas saw an 110% increase in millionaires between 2013 and 2023. After Austin, the fastest growing U.S. housing markets for millionaires were the Bay Area (82%), Miami (78%), Dallas (75%), and Washington, D.C. (75%).

In total, 11 U.S. cities/housing markets made the list:

No. 1: New York City (349,500 millionaires)

No. 2: The Bay Area (305,700 millionaires)

No. 6: Los Angeles (212,100 millionaires)

No. 12: Chicago (120,500 millionaires)

No. 17: Houston (90,900 millionaires)

No. 22: Dallas (68,600 millionaires)

No. 26: Seattle (54,200 millionaires)

No. 30: Boston (42,900 millionaires)

No. 33: Miami: (35,300 millionaires)

No. 35: Austin (32,700 millionaires

No. 41: Washington, D.C. (28,300 millionaires)


‘I feel betrayed’: Schumer’s much-awaited AI road map gets panned by watchdogs

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Senate Majority Leader Chuck Schumer released on Wednesday a long-anticipated road map for governing artificial intelligence, which called for some $32 billion in annual spending for AI research and development by 2026. The bipartisan proposal, which is meant as a guide for the Senate’s legislative efforts on AI, grew out of a yearlong series of “insight forums,” which included a stacked list of more than 150 experts—from tech leaders like Mark Zuckerberg, Sam Altman, and Satya Nadella—to academics and civil rights leaders.

But some of the groups’ participants, including top AI ethicists, say Schumer and his colleagues wasted their time by bending over backwards to accommodate the industry’s interests, while paying only lip service to the need for establishing guardrails around this emerging technology.

“My overwhelming reaction is disappointment,” Suresh Venkatasubramanian, director of the Center for Technological Responsibility, Reimagination, and Redesign at Brown University, tells Fast Company. A former White House official, Venkatasubramanian co-authored the Biden administration’s Blueprint for an AI Bill of Rights. He says he and other AI ethicists agreed to participate in the Senate’s roundtable discussions “in good faith,” despite concerns about industry capture. Now that he’s seen the final product, he wonders whether anyone was really listening. “I think many people like myself were concerned whether this would be a dancing monkey show, and we’re the monkeys,” he says. “I feel betrayed.” (Schumer’s office didn’t respond to Fast Company’s request for comment.)

Alondra Nelson, former acting director of the White House Office of Science and Technology Policy, meanwhile, said she too had been wary of the Senate process in developing the road map. “I reluctantly agreed to participate in the second forum despite my concerns that it was a closed-door process that lacked transparency, and despite the fact that the civil society organizations and academic researchers who were invited were outnumbered by industry executives,” Nelson, now a professor at the Institute for Advanced Studies, said in a statement. The road map—which Nelson described as “too flimsy to protect our values” and lacking “urgency and seriousness”—appears to have confirmed those fears.

“It is, in fact, striking for its lack of vision,” Nelson wrote. “The Senate roadmap doesn’t point us toward a future in which patients, workers, and communities are protected from the current and future excesses of the use of AI tools and systems. What it does point to is government spending, not on accountability, but on relieving the private sector of their burdens of accountability.”

Other groups, including the AI Now Institute, Accountable Tech, and The Leadership Conference on Civil and Human Rights, have also criticized the road map’s lack of attention to AI harms. 

The road map covers a range of regulatory issues related to AI. It includes guidance on innovation, dealing with workforce impacts, protecting people’s privacy, defending elections, transparency, national security, and more. Even so, the coauthors, including Leader Schumer, as well as Senators Mike Rounds, Martin Heinrich, and Todd Young, noted in their introduction that it was not intended to be “an exhaustive menu of policy proposals.” But not all the issues that are included are given equal weight or consideration. The section of the road map that details how Congress should support U.S. innovation in AI with billions of dollars in funding spans more than four pages; the section on privacy and liability includes just three paragraphs. The section on elections is even shorter. The term “civil rights” appears in the road map’s recommendations just once.

While the road map lacks detail about many of the issues AI watchdogs worry about, it’s hyper-specific about the steps the Senate should take to pump more money into AI research and development. It leans heavily on recommendations that were previously put forward by the National Security Commission on Artificial Intelligence (NSCAI), an independent commission, chaired by former Google chairman Eric Schmidt, which put out its own 756-page list of recommendations in 2021. The new AI road map calls on the Senate Appropriations Committee to “develop emergency appropriations language to fill the gap between current spending levels and the NSCAI-recommended level.”

The specificity and urgency of these funding recommendations only underscores the idea that broader rights and ethics issues have been included as an afterthought, Venkatasubramanian argues. Now, he and Nelson both worry that the U.S. is at risk of repeating the same mistakes it made as social media was on the rise. “The only money being pumped in is more tech, more tech, more tech,” he says. “That’s exactly the problem that got us here in the first place.”

How local businesses drive community growth

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It seems there is only ever bad news about the future of retail, but year after year our independent retailers tell a different story. Locally run shops continue to beat the odds despite the many, often novel, obstacles they face. This spring, we ran a study to seek the truth and understand what people around the country think of their Main Streets. The results tell a hopeful story about local retail’s strength—and its unique superpowers. We found that despite the impacts of inflation and the aftermath of the pandemic, nearly 80% of consumers saw their Main Street as stable or growing compared to pre-pandemic. How are local retailers doing this? The answer is community.

In-store experiences drive sales

Through our research at Faire, we discovered a compelling trend: A focus on personalized and community-centered strategies is helping independent retailers drive foot traffic and boost their sales. By embracing these highly local and tailored approaches, they offer their customers experiences that much larger retailers can’t replicate, and their customers are responding.

Calli Swofford, the owner of Denver-based home goods store Miller Lane Mercantile, said they are focusing on highly curated and thoughtful in-store experiences, like artist demonstrations, now more than ever before. “Our community continues to show up for them time and time again. The camaraderie that forms on these occasions is a big part of what keeps our momentum going as an independent brick-and-mortar shop. These kinds of gatherings can’t be replicated on a large scale, and that’s the true beauty of it,” she told us.

The impact of these experiences comes through in their checkout data as well. Despite the majority of retailers offering online or social media purchasing options, 97% of retailers say in-store is still the most popular way customers shop. The most common factor driving this experience: personalized customer service—something that nine out of 10 of surveyed retailers offer. Community engagement initiatives, championed by 65% of retailers, also play a key role, as do in-store events and local partnerships. 

Customers are connected to their shop owners

Our research also revealed that leaning into personalized connection establishes long-term relationships, which in turn drive customer loyalty. 

Customers who have a relationship with their local shops don’t always need a reason to stop in. According to our survey, more than 80% of retailers report that customers come into their shops just to socialize with their staff because they have built relationships with them over the years. The same majority of consumers reported they would be willing to travel up to 30 minutes just to visit their favorite Main Street shops. Consumers are purposefully choosing to spend time in these stores even without the intention or necessity of making a purchase.

“My desire to contribute and give back to my community is authentic and clear,” said Chandler Tang, founder and owner of post.script, a gift shop in San Francisco’s Pacific Heights neighborhood. “I’m at the store almost every day. Customers enjoy coming in and seeing a familiar face, and they want to support us.”

In spite of an online retail landscape dominated by convenience and algorithms, consumers find close-knit and trusted relationships with their local shops, and even see them as their personal shopping curators. A large majority of retailers report that customers come into their shops to ask for recommendations on what to buy or for help picking out a gift. Main Street stores also respond best to local trends, with 60% saying their customers request certain products or brands to be stocked, helping them further tailor their offering to what their community wants.

Consumers are willing to spend more in their communities

Community’s influence on consumer behavior can’t be overstated. It is such a driving force for consumers that they would actually spend more to see their local shops thrive. Our survey uncovered an inspiring commitment: On average, consumers are personally willing to spend nearly $2,000 more in 2024 at their local shops. This support extends beyond personal budgets, even shaping voting decisions: 85% of consumers say a candidate’s support of small businesses will influence who they decide to vote for in elections this year. This is promising news for the record-breaking number of new retail business openings in 2023, as they are likely to be met with an outpouring of consumer enthusiasm. 

In an era often characterized by digital saturation and homogenized trends, Main Street’s resurgence emerges as a beacon of authenticity and the enduring nature of local character. These small businesses are meeting a growing demand for cultural connection and community by providing personalized experiences that stand out in a landscape dominated by impersonal shopping. As independent retail continues to reclaim market share and consumer support, they signal a profound and exciting shift for the future of retail.

Max Rhodes is cofounder and CEO of Faire.

Buying a used Tesla? Edmunds has some tips

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It’s a good time to be in the market for a used Tesla. Tesla’s significant price cuts over the past year on its new cars have caused the prices of used Teslas to drop significantly. But buying a used Tesla isn’t as straightforward as buying a used Toyota, especially if you’ve never owned one. The car experts at Edmunds outline five general tips for car shoppers who are in the market for a used Tesla.

Pick the right Tesla for you

Most shoppers looking for a used Tesla choose between the brand’s two sedans and two SUVs. The Model 3 is Tesla’s smallest and most affordable model. It’s a small sedan that’s about the size of a Honda Civic. The Model Y, Tesla’s most popular model, is a small SUV based on the Model 3 that’s comparable in size to a Toyota RAV4.

If the 3 and the Y are too small, or if you want a longer driving range and more power, consider the Model S or Model X. The Model S, which has been on sale the longest, is a sedan roughly the size of a BMW 5 Series. The final model to consider is Tesla’s most expensive, the Model X. If you need an SUV with seating for more than five and like its cool falcon-wing doors, then the X is the Tesla for you.

Know the different trim levels

Tesla frequently tinkers with the trim level names, driving ranges, power and features for its vehicles. That makes used Tesla shopping a particular challenge because it can be hard to figure out exactly what you’re getting.

For the Model 3 and Y, the base single-motor model is usually called Standard Range or Rear-Wheel Drive. It offers the least range and power. In the middle is the Long Range model, which typically has dual motors for all-wheel drive, more power and the longest range. The top Performance model also has two motors and boasts the most power, but it has less range.

In the Model S’ earliest years, they were single-motor models named after the battery pack size, for example, the Model S 60. Tesla later introduced dual-motor all-wheel-drive versions and identified them with a D in the name. Performance versions had a P in the name. Later models were simply called Long Range or Performance. The Plaid is the current performance model, and long-range models are now called All-Wheel Drive. The Model X follows a very similar nomenclature.

What happens when you’re looking at a used Tesla and you’re not sure what configuration it is? There’s a menu you can bring up in the vehicle’s touchscreen that will tell you. If you can’t see the vehicle in person, you can input the vehicle’s VIN into the government’s VIN decoder to look up the vehicle’s basic specs, such as its model year and whether it’s a single- or dual-motor.

Check the warranty

All Teslas come with a four-year/50,000-mile factory warranty. The battery pack and drive unit warranty is the most important and what most Tesla shoppers care about because of the high cost to replace a battery pack. All models come with an eight-year warranty, but depending on the model, the mileage coverage ranges from 100,000 miles to 150,000 miles. Check out Tesla’s vehicle warranty site for full details.

Consider battery health

An electric vehicle’s battery capacity diminishes slightly with use. That means less driving range over time. It’s not something to be overly worried about; Tesla claims its batteries degrade on average just 12% after 200,000 miles. However, if you’re trying to decide between a few otherwise identical Tesla vehicles, go for the one with the least mileage.

Where to buy a used Tesla

There are three ways to buy a used Tesla: directly from Tesla, from a used car dealership, or from a private seller. Buying from Tesla is the best route because the automaker performs a 102-point vehicle inspection and adds a one-year/10,000-mile warranty to the existing factory warranty. And because it’s from Tesla, the listed features are accurate. On the downside, Tesla’s used models can only be purchased online and you can’t test-drive the one you want before purchase.

If you go to a used car dealership, you can test-drive the vehicle, but the dealership might not be familiar with Teslas and could inaccurately list its features. Dealerships could also be unfamiliar with Tesla’s electric powertrains, which might affect the accuracy of the inspection they perform. Buying from a private seller might get you a good deal as well as potential insight into how the vehicle was driven and maintained. But buying a vehicle this way can be a hassle.

Edmunds says

Navigating the used Tesla market can be tricky, but following these tips will help you land the Tesla you want.

This story was provided to The Associated Press by the automotive website Edmunds.

—Michael Cantu is a contributor at Edmunds

Voice-cloning tech helped recreate this landmark 1954 Supreme Court case

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Seventy years ago on Friday, no one outside of the U.S. Supreme Court building heard it when Chief Justice Earl Warren announced the historic Brown v. Board of Education decision on school desegregation.

Now, through the use of an innovative voice-cloning technology, it is becoming possible for people to “hear” Warren read the decision as he did on May 17, 1954, along with oral arguments by lawyers including a future Supreme Court justice, Thurgood Marshall.

The “Brown Revisited” recreation is being made available at brown.oyez.org. It will be part of a website, painstakingly put together by former Northwestern University professor Jerry Goldman, that allows people to hear oral arguments in decades worth of Supreme Court cases and follow along with written transcriptions. Yet it always frustrated Goldman that the court did not begin recording oral arguments until 1955 — a year after the Brown decision was handed down. Print transcripts just aren’t the same.

“I could give you the libretto to ‘Madame Butterfly,'” he said. “But would you rather read it, or would you rather sit and listen to the performance?”

The Brown decision was a landmark in the civil rights movement. The court struck down an 1896 decision that institutionalized racial segregation with “separate but equal” schools for Black and white students, ruling that such accommodations were anything but equal.

While the court began recording arguments in 1955, virtually no one heard them until 1969, when they were made available through the National Archives for scholarly and legal research. Full public access wasn’t granted until 1993. The court began posting arguments on its website in the 2000s, but usually at a delay of several days.

It wasn’t until 2020 that the court regularly made livestreams of the arguments available. Cameras have never been allowed.

A year ago, Goldman said, he attended a play where artificial intelligence was used to recreate a familiar voice, and he wondered if this technology could be put to use for historic court arguments. A Northwestern alum, James Boggs, CEO of the interactive audio firm Spooler, took interest when contacted.

“It’s good to draw attention to this case,” Goldman said, “because it’s fundamental to our understanding to the Constitution and it changed America.”

The first step was to find recordings of the long-dead principals in the case, preferably made around 1954 to approximate what they sounded like then. That wasn’t difficult in the cases of Warren, a former governor of California, and Marshall. It was harder for integration opponent John W. Davis, whose lengthy career included the 1924 Democratic presidential nomination. He died in 1955.

A Davis recording was tracked down through the Library of Congress. Recordings for some other participants could not be located.

Through artificial intelligence, these voice samples were melded with those of actors who read the historical transcripts to make it sound like they were speaking anew.

Actual arguments were sprawling — 18 hours over three days, with 38 participants. Goldman whittled things down to a one hour, 45 minute presentation, including Warren’s reading of the decision. Goldman consulted written notes left behind by Warren, enabling the recreation to include the chief justice’s emphasis that the decision had been unanimous.

The growing ability of technology to recreate voices is a marvel, yet deeply troubling to many who worry it could put false words into familiar mouths — such deepfakes are a particular concern heading into the presidential election.

Ravit Dotan, CEO of TechBetter and an instructor on the ethics of technology, said she’s concerned about the practice of cloning people’s voices without their consent, although consent isn’t possible from people who are no longer alive. She believes “Brown Revisited” sets a bad precedent.

“In the future, I can envision laws that determine how long a person’s likeness rights persist after their death, similar to copyright, which expires 70 years after the creator’s death,” Dotan said. “But currently, there is no legal guidance, and I worry about people taking advantage of that, exploiting people’s likeness or even disseminating disinformation.”

Instead of a deepfake, the Brown project is a “deep true,” Boggs said.

“We are not creating new content,” he said. “These were things that were actually said and we have the historical documentation to prove it.”

Similar recreations have a natural limit. It was only in the late 1800s that sound recordings of voices have been available. Go back further, and they’d essentially be guesses. Who knows what George Washington actually sounded like?

But for the curious, the “Brown Revisited” project offers a new window into history.

—David Bauder, Associated Press media writer

Congress clears major aviation safety and refunds bill

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The U.S. House of Representatives on Wednesday overwhelmingly passed a broad aviation bill to boost air traffic controller staffing, increase funding to avert runway close-call incidents, and speed refunds for canceled flights.

The 387-26 vote sends the $105 billion, five-year measure to reauthorize the Federal Aviation Administration (FAA) to President Joe Biden for his signature by Friday after the Senate approved it last week.

The bill prohibits airlines from charging fees for families to sit together and requires them to accept vouchers and credits issued in lieu of refunds for at least five years.

It also adds five daily round-trip slots at busy Washington National Airport, something that Delta Air Lines had heavily lobbied for.

In safety terms, it requires airplanes to be equipped with 25-hour cockpit recording devices, up from the current two hours, and directs the FAA to deploy advanced airport surface technology to help prevent collisions.

Efforts to boost aviation safety in the United States have taken on new urgency after a series of near-miss incidents, as well as January’s door plug mid-air emergency on an Alaska Airlines Boeing 737 MAX 9 flight.

The bill also will allow Boeing to continue to produce its 767 freighter for another five years through 2033 in the United States, giving it an exemption from efficiency rules taking effect in 2028.

The bill raises maximum civil penalties for airline consumer violations from $25,000 per violation to $75,000 and aims to address a shortage of 3,000 air traffic controllers by directing the FAA to implement improved staffing standards and to hire more inspectors, engineers and technical specialists.

The bill does not raise the mandatory pilot retirement age to 67 as House lawmakers had sought to do last year and retains pilot training requirements.

Congress will not establish minimum seat size requirements, leaving that instead to the FAA. The bill requires the Transportation Department to create a dashboard that shows consumers the minimum seat size for each U.S. airline.

Lawmakers also rejected many other consumer provisions the Biden administration had sought.

The bill also reauthorizes the National Transportation Safety Board (NTSB) and boosts staffing at the safety investigation agency. It also seeks to boost adoption of drones and flying air taxis into the national airspace and extends through Oct. 1 existing government counter-drone authority.

—David Shepardson, Reuters

The luckiest generation? Why Gen Z is entering the workforce at the perfect time

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We’ve heard a lot about how students graduating from college now have an uphill battle ahead of them. However, according to a recent report by the Economic Policy Institute (EPI), Gen Z might actually be doing better than the generations before.

According to the Institute, despite what it may seem, the labor market for young college graduates is currently stronger than it was before the pandemic, and it’s been that way for quite a while.

While it’s certainly been tough, Gen Z has seen a faster bounce-back in the labor market than any economic recovery in recent history. The generation has also seen stronger wage growth.

The unemployment rate for young college graduates, which the group defines as workers that fall between the ages of 21 and 24, has recovered more than 2.5 times faster than after the Great Recession that impacted millennials in 2008.

Altogether, 65.2% of young college graduates are employed, while only 10% are out of school but not working. That percentage of employed graduates has been above its pre-pandemic level (64.3% in February 2020) consistently since February 2023.

Those recent college graduates aren’t just finding jobs flipping burgers. They’re finding good jobs. According to the report, young Gen Z graduates have experienced inflation-adjusted wage growth faster than any other generation in at least the past 30 years. Young graduates saw wage losses of 4.9% after the Great Recession, losses of 4.3% between 2001 and 2005, and losses of 7.5% between 1990 and 1994.

To put that in perspective, millennials who graduated during the 2008-2009 recession still haven’t been able to recover from chronic unemployment. They also might never actually recover from the career setbacks caused by the Great Recession. That lack of earnings has been a huge blow for the generation, which has delayed everything from buying homes to things like marriage and having children.

For Gen Z, however, things are looking good. Nearly 83% of employers anticipate increasing their hiring or minting their hiring of the class of 2024, according to the National Association of Colleges and Employers.

Industries looking to hire recent grads include manufacturing, utilities, and professional services. Meanwhile, chemical and pharmaceutical manufacturers as well as computer and electronics manufacturers plan to decrease their hiring this year over last; however, those industries had significant hiring increases in 2023.

According to the EPI, the findings about Gen Z highlight “the tremendous role that large fiscal relief and recovery packages, including expanded unemployment insurance coverage and aid to state and local governments, had on healing the labor market after the pandemic recession.”

While the Institute claims that previous generations were “left behind by policy,” the government actions coming out of the pandemic had a positive effect on this next generation.

All that said, it’s not all good news. The EPI notes that gender and racial wage gaps are still large, even among the most recent graduates. On average, women are paid $5.30 less per hour than their male counterparts, while Black and Hispanic workers are paid between $3.24 and $2.07 less than white workers.

To help Gen Zers maintain their momentum, the group says that racial and gender pay gaps need to be addressed, and that “policymakers must prioritize full employment, increase the federal minimum wage, strengthen and enforce labor standards, and make it easier for workers to come together and form unions.”

Junior Bank of America banker who died was working over 100 hours a week

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The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job.

Junior banker Leo Lukenas III died of an acute coronary artery thrombus, a type of blood clot, the New York Office of the Chief Medical Examiner said last week.

Lukenas said in mid-March that he wanted to leave Bank of America because of the grueling hours, Douglas Walters, a managing partner at GrayFox Recruitment, told Reuters in an interview. GrayFox specializes in placing people in financial industry jobs, including investment banking and private equity.

In response to a question posed by Reuters, Walters said Lukenas, a U.S. Army veteran who was survived by his wife and two children, did not raise any health issues in their discussions about career options.

Reuters has no evidence that long hours at work contributed to Lukenas’ death.

Lukenas’ wife and brother did not respond to phone calls, text messages and emails seeking comment. 51 Vets, a nonprofit for veterans that is helping to organize donations for Lukenas’ family, declined to comment.

A Bank of America spokesperson declined to comment on Walters’ conversations with Lukenas about his long working hours or his job search.

The spokesperson pointed to an earlier statement in which the company said: “We are devastated by the loss of our teammate. We continue to focus on doing whatever we can to support the family and our team especially those who worked closely with him.”

After starting as an intern in March 2023, Lukenas became an associate in Bank of America’s financial institutions group in New York four months later, where he worked on mergers and acquisitions, according to his LinkedIn profile. He was part of the Bank of America team that advised regional lender UMB Financial on its $2 billion deal for smaller rival Heartland Financial that was announced on April 29, his LinkedIn profile shows.

There is no suggestion that UMB was aware of how much Lukenas was working at Bank of America. A UMB spokesperson did not respond to a request for comment about Lukenas’ working hours.

Walters said he worked with Lukenas to prepare an application for an associate position at a “boutique” investment bank in New York, which Walters declined to name.

While compensation was lower at the hiring firm, Lukenas considered the role as he sought a better work-life balance, Walters said.

“He made a comment saying like, ‘hey, I’ll trade hours of sleep for a 10% (pay) cut,'” Walters said. Lukenas said he had too little time to spend with his family, Walters added.

London intern’s death

Wall Street has grappled for years with overwork among junior staff. Some firms have adopted measures such as increasing pay, holding workshops and forbidding work on Saturdays or periodic weekends.

Bank of America is among the banks that do not permit junior bankers to work Saturdays unless an exception is sought, according to current and former employees.

The bank reviewed its working culture in 2013 in the wake of an intern in London dying of epilepsy after working through nights. A coroner, who is an independent judicial officer, found the intern, Moritz Erhardt, died of natural causes.

“It’s possible that fatigue brought about his fatal seizure. It’s also possible that it just happened,” the coroner Mary Hassell told a London court hearing that was held in November 2013 to review her inquest into Erhardt’s death.

Lukenas, a former Green Beret in the U.S. Army, told Walters he thrived in a competitive culture and “would never say no” to assignments, Walters recalled. But Lukenas also asked Walters whether it was normal to put in 110 hours of work a week. Walters said he told Lukenas that consistently putting in such long hours was unusual even by Wall Street standards.

“I know (the boutique investment bank) would have called him forward, and he and I had been going back and forth on that,” Walters said.

—Milana Vinn, Reuters

Lananh Nguyen and Nupur Anand contributed to this report.


Digital bank Chime to roll out earned wage access product

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U.S. digital bank Chime is launching a product that will allow customers to access up to $500 of their wages before payday, the latest move by a financial technology company to enter the fast-growing “earned wage access” market.

The product, which will be rolled out in coming months, comes as Chime is preparing to become a public company in the “not too distant future,” CEO Chris Britt said in an interview with Reuters.

Earned wage access (EWA) products enable workers to receive a portion of their wages ahead of payday, often via a membership service or for a fee. Providers say the products offer crucial assistance to Americans living paycheck-to-paycheck, particularly gig workers and freelancers. Critics say the products do not have the same consumer protections as loans.

Chime says the product – called MyPay – has no mandatory fees or interest and does not require a credit check. MyPay estimates a customer’s wages for the cycle based on historical data and offers the person up to $500 of the forecast earnings.

Chime is known for products that offer users’ short-term liquidity, like its fee-free overdraft service.

“We think it’s a natural extension of what we’ve been good at,” Britt said.

While Chime did not disclose if it planned to generate revenue on the new product, the company anticipates MyPay will drive greater engagement and product usage among its current customers and will also prove successful for customer acquisition, said Britt.

As EWA has grown in popularity, it has drawn scrutiny of regulators, who have debated whether the product should be classified as a loan. Such a classification would impose interest rate caps and require additional disclosures.

Several states, including Wisconsin and Nevada, have established licensing regimes for the products, stipulating that they are not loans.

The U.S. Consumer Financial Protection Bureau indicated late last year that it would soon issue guidance on how consumer lending laws should apply to EWA, but said it was also supportive of states creating oversight frameworks for EWA.

Chime has long been thought of as a likely candidate for an initial public offering next year, having lined up Goldman Sachs in 2022 for early preparations. A spokesperson for Chime denied at the time that Goldman Sachs was advising the company.

It has 7 million monthly active users and was profitable in the first quarter of this year, Britt said.

“It’s unlikely to be this year, but we are for the most part IPO-ready,” he said. “This year is mostly heads down, continuing to get even more momentum with our suite of products.”

—Hannah Lang, Reuters

Florida’s DeSantis, in ‘act of cognitive dissonance’ signs a new bill into law that ignores climate change threats

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Climate change will be a lesser priority in Florida and largely disappear from state statutes under legislation signed Wednesday by Florida Gov. Ron DeSantis that also bans power-generating wind turbines offshore or near the state’s lengthy coastline.

Critics said the measure made law by the former Republican presidential hopeful ignores the reality of climate change threats in Florida, including projections of rising seas, extreme heat and flooding and increasingly severe storms.

It takes effect July 1 and would also boost expansion of natural gas, reduce regulation on gas pipelines in the state and increase protections against bans on gas appliances such as stoves, according to a news release from the governor’s office.

DeSantis, who suspended his presidential campaign in January and later endorsed his bitter rival Donald Trump, called the bill a common-sense approach to energy policy.

“We’re restoring sanity in our approach to energy and rejecting the agenda of the radical green zealots,” DeSantis said in a post on the X social media platform.

Florida is already about 74% reliant on natural gas to power electric generation, according to the U.S. Energy Information Administration. Opponents of the bill DeSantis signed say it removes the word “climate” in nine different places, moves the state’s energy goals away from efficiency and the reduction of greenhouse gases blamed for a warming planet.

“This purposeful act of cognitive dissonance is proof that the governor and state Legislature are not acting in the best interests of Floridians, but rather to protect profits for the fossil fuel industry,” said Yoca Arditi-Rocha, executive director of the nonprofit Cleo Institute, which advocates for climate change education and engagement.

The legislation also eliminates requirements that government agencies hold conferences and meetings in hotels certified by the state’s environmental agency as “green lodging” and that government agencies make fuel efficiency the top priority in buying new vehicles. It also ends a requirement that Florida state agencies look at a list of “climate-friendly” products before making purchases.

In 2008, a bill to address climate change and promote renewable energy passed unanimously in both legislative chambers and was signed into law by then-Gov. Charlie Crist, at the time a Republican. Former Gov. Rick Scott, now a Republican U.S. senator, took steps after taking the governor’s office in 2011 to undo some of that measure and this latest bill takes it even further.

The measure signed by DeSantis would also launch a study of small nuclear reactor technology, expand the use of vehicles powered by hydrogen and enhance electric grid security, according to the governor’s office.


This story has been updated to correct the spelling of Yoca Arditi-Rocha’s first name.

The Golden State Valkyries’ new logo hides a Bay Area landmark

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The WNBA’s newest team, the Golden State Valkyries, have a new logo that takes inspiration from both their mythological namesake and a landmark much closer to home—the Bay Bridge.

The result is franchise branding with a double meaning that goes pretty hard in the paint, at least according to the initial response from fans.

The Valkyries’ logo plays into that symbolism in a few key ways. Let’s tackle the obvious first: the logo is a set of Valkyrie wings.

Then there’s the wings’ spine, down the logo’s center, which is really two visual symbols in one. It’s shaped like a Valkyrie’s sword, “a symbol of courage, power, and authority,” according to the team. But it also represents the Bay Bridge, a major landmark that connects Oakland, where the Valkyries’ practice facility and front office are located, to San Francisco, where the team will play its home games. (The bridge works overtime for Bay area franchises: the team’s NBA counterpart, the Golden State Warriors, also use it in their logo.)

Look closer and you’ll notice its V-shaped wings have a total of 13 lines: a reference to the fact that it’s the WNBA’s 13th team, and arranged to resemble bridge cables.

The team’s color palette is black and “Valkyrie Violet.” It’s a lighter shade of purple than used by the Sacramento Kings and Monarchs, though detractors online brought up the color schemes’ similarities.

[Image: Golden State Valkyries]

Amanda Chin, the Warriors’ senior vice president of marketing, led work on the Valkyries identity along with Cartwright, an agency whose client roster includes the Detroit Pistons, LA Dodgers, and Chicago Fire. The agency has shown a love for infrastructural logos before in their mark for the LA Clippers, which depicts a clipper ship from a similar vantage point.

There was never much of a question what the team name would be, according to Chin. “Through surveys and social media, the name that continued to come up the most, by far, was ‘Valkyries,'” Chin said in a statement. The design team made a point to listen to fans during the brand identity development process, she adds.

The Valkyries are the first new WNBA team since the Atlanta Dream in 2008, and the team says they had surpassed 7,500 season ticket deposits for their first season before even announcing a name. (Earlier this year, the back-to-back defending WNBA champion Las Vegas Aces became the first team in league history to sell out its season ticket packages, which numbered about 8,600.) Broadly, the WNBA has plans to make 2024 its biggest season ever.

In quote tweets to the Valkyries’ branding announcement, commenters praised the intentionality behind the design, and one person called the new logo “some of the best branding in pro sports.” While the Valkyries’ on-court performance is yet to be determined, it seems the Valkyries logo is already a winner.

Oil spill and partial bridge collapse happen after a barge collides at Texas port 

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A barge slammed into a bridge pillar in Galveston, Texas, on Wednesday, spilling oil into waters near busy shipping channels and closing the only road to a small neighboring island. No injuries were reported.

The impact sent pieces of the bridge, which connects Galveston to Pelican Island, tumbling on top of the barge and shut down a stretch of waterway so crews could clean up the spill. The accident knocked one man off the vessel and into the water, but he was quickly recovered and was not injured, said Galveston County Sheriff’s Office Maj. Ray Nolen.

Ports along the Texas coast are hubs of international trade, but experts said the collision was unlikely to result in serious economic disruptions since it occurred in a lesser-used waterway. The island is on the opposite side of Galveston Island’s beaches that draw millions of tourists each year.

The accident happened shortly before 10 a.m. after a tugboat operator pushing two barges lost control of them, said David Flores, a bridge superintendent with the Galveston County Navigation District.

“The current was very bad, and the tide was high,” Flores said. “He lost it.”

Pelican Island is only a few miles wide and is home to Texas A&M University at Galveston, a large shipyard and industrial facilities. Fewer than 200 people were on the campus when the collision happened, and all were eventually allowed to drive on the bridge to leave. The marine and maritime research institute said it plans to remain closed until at least Friday. Students who live on campus were allowed to remain there, but university officials warned those who live on campus and leave “should be prepared to remain off campus for an unknown period of time.”

The accident came weeks after a cargo ship crashed into a support column of the Francis Key Bridge in Baltimore on March 26, killing six construction workers.

The tugboat in Texas was pushing bunker barges, which are fuel barges for ships, Flores said. The barge, which is owned by Martin Petroleum, has a 30,000-gallon capacity, but it’s not clear how much leaked into the bay, said Galveston County spokesperson Spencer Lewis. He said about 6.5 miles (10.5 kilometers) of the waterway were shut down because of the spill.

The affected area is miles away from the Gulf Intracoastal Waterway, which sees frequent barge traffic, and the Houston Ship Channel, a large shipping channel for ocean-going vessels. Aside from the environmental impact of the spill, the region is unlikely to see large economic disruption as a result of the accident, said Marcia Burns, a maritime transportation expert at the University of Houston

“Because Pelican Island is a smaller location, which is not in the heart of commercial events, then the impact is not as devastating,” Burns said. “It’s a relatively smaller impact.”

At the bridge, a large piece of broken concrete and debris from the railroad hung over the side and on top of the barge that rammed into the passageway. Flores said the rail line only serves as protection for the structure and has never been used.

Opened in 1960, the Pelican Island Causeway Bridge was rated as “Poor” according to the Federal Highway Administration’s 2023 National Bridge Inventory released last June.

The overall rating of a bridge is based on whether the condition of any of its individual components — the deck, superstructure, substructure or culvert, if present — is rated poor or below.

In the case of the Pelican Island Causeway Bridge, inspectors rated the deck in “Satisfactory Condition,” the substructure in “Fair Condition” and the superstructure — or the component that absorbs the live traffic load — in “Poor Condition.”

The Texas Department of Transportation had been scheduled in the summer of 2025 to begin construction on a project to replace the bridge with a new one. The project was estimated to cost $194 million. In documents provided during a virtual public meeting last year, the department said the bridge has “reached the end of its design lifespan, and needs to be replaced.” The agency said it has spent over $12 million performing maintenance and repairs on the bridge in the past decade.

The bridge has one main steel span that measures 164 feet (50 meters), and federal data shows it was last inspected in December 2021. It’s unclear from the data if a state inspection took place after the Federal Highway Administration compiled the data.

The bridge had an average daily traffic figure of about 9,100 cars and trucks, according to a 2011 estimate.


Lozano reported from Houston. Associated Press reporters Christopher L. Keller in Albuquerque, New Mexico; Valerie Gonzalez in McAllen, Texas; Acacia Coronado in Austin, Texas; and Ken Miller in Oklahoma City contributed to this report.

—Lekan Oyekanmi and Juan Lozano, Associated Press

Japanese telecoms provider will use AI to smooth out irate customer voices before routing to reps

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Dealing with irate customers can be extremely stressful for call centre workers but Japan’s SoftBank Corp thinks it has a solution: artificial intelligence-enabled software that softens the tone of customers’ voices.

The country’s third-largest telecoms provider aims to begin testing the technology internally and externally over the next year and commercialise it by the end of March 2026.

“We are working on the development of a solution that can convert the customer’s voice into a calm conversational tone and deliver it to our workers using AI-enabled emotion recognition and voice processing technology,” SoftBank said in a press release on Wednesday.

“With this solution, we aim to maintain good relationships with customers through sound communication while ensuring the psychological welfare of our workers.”

Japan prides itself on its high standard of customer service but the issue of harassment of staff working in the service industry has gained more awareness in recent years. The government is looking at legislation to strengthen protection for workers.

Around half of some 33,000 respondents to a survey this year by UA Zensen, a labour union for workers mainly in the service and retail industry, said they had experienced harassment by customers during the last two years. The incidents included verbal abuse, intimidation and in some cases even demands by customers for workers to kneel and bow in apology.

More than 100 respondents said they had sought psychiatric help as a result of the harassment.

—Anton Bridge and Mariko Katsumura, Reuters

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