Welcome to the Sunday Edition. A roundup of our top stories. Pet owners will spend an estimated $3.9 billion on pet insurance in 2023. Before you buy insurance for Kitty and Flopsy, make sure you read this article.
agenda:
But first: I search Google for answers.
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This week's stream
Searching for answers
Hundreds of millions of people turn to Google every day to get answers to their questions.
The way Google finds, categorizes, and ranks information is constantly evolving. An entire industry has developed to help people who want to appear on the first page of search results.
Previously, some users may have noticed subtle changes from time to time – results that were more tailored to their needs, delivered a little faster, etc. For most users, these tweaks may go unnoticed.
No more.
From the sudden shift to Reddit and similar platforms to the shaky rollout of generative search experiences, Google is reinventing itself before our eyes.
People who rely on Google for referrals are panicking. There have been some embarrassing outliers (don't put glue on your pizza). They'll learn their lesson and implement updates.
What's clear is that Google's efforts to disrupt itself are already having a profound effect on the information ecosystem — and we're all riding that wave.
Amazon's chipping ambitions
Amazon has struggled to compete with Nvidia's dominance in AI chips, another sign of how far the company has fallen in the race for generative AI.
Low usage, “compatibility gaps” and project migration issues put millions of dollars in cloud revenue at risk, according to confidential internal documents and people familiar with the matter.
Click here for details.
Read also:
Best investment ever
BI asked seven big name investors, including Rob Arnott and Bob Elliott, to name the best deal of their careers.
Each shared the largest investment they've ever made and explained how the lessons they learned from those decisions still apply today.
See their best trades.
America's Ridiculous Employment Hurdles
Fewer American men are working today than ever before, and unemployment insurance may be at least partly to blame.
How layoffs are handled may also affect whether employees are hired in the first place: if they have to pay a tax on laid-off employees, they may be more hesitant to hire.
Why employers are reluctant to hire younger men.
A better way to sell your house
Fixed-rate mortgages guarantee homeowners will pay the same amount every month for decades, but if mortgage rates skyrocket, they could prevent homeowners from selling their homes.
In Denmark, sellers can profit by trading in low mortgage rates for higher ones, making it easier to move when rates rise. This helps prevent the housing market from stagnating, and is something the U.S. could learn from.
Behind the scenes of Denmark's genius solution to its housing problem.
Quote of the week:
“We're not going to write a blank check.”
Andrea Mack, a business owner who made $550,000 last year, explains why she and her husband decided not to pay for their daughter's college tuition.
More featured articles this week:
- First came the cell phone, then the smartphone, and now the “IntelliiPhone.”
- Fired TikTok user reflects on “abrupt end to a very chaotic situation.”
- Here's how much hedge funds and prop trading firms are paying their AI workers.
- Google has announced a smartwatch for kids, and it looks pretty good.
- Fisker is expanding its workforce cuts with a new round of job cuts over the summer.
- Loyalty in the workplace is no longer rewarded, and the onus is on employers.
- Here are three IRS rules that early retirees have used to avoid paying taxes.
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Vivek Ramaswamy has a plan for BuzzFeed. There's just one problem.
From the Insider Today team: New York deputy editor Matt Turner; New York editor Jordan Parker Erb; New York deputy editor and anchor Dan DeFrancesco; New York editor in chief Lisa Ryan;
