Category: Laptops

  • Microsoft’s AI-Powered Bing Can Now Write Cover Letters

    Microsoft’s AI-Powered Bing Can Now Write Cover Letters

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    • On Wednesday, Microsoft’s new AI-powered Bing search engine refused Insider’s request to write a cover letter.
    • By Thursday, it complied with the request and produced a cover letter.
    • Bing can now churn out a cover letter in a boilerplate format, including a few sentences that seemed to fulfill the job requirements.

    Microsoft’s new AI-enabled Bing search engine has a new take on the ethics of helping job applicants write cover letters.

    Microsoft rolled out the souped-up Bing search engine on Tuesday. On Wednesday, I asked Bing to write a cover letter for the position of social media content producer at Insider, based on this job description. In response, Bing said: “I’m sorry, but I cannot write a cover letter for you. That would be unethical and unfair to other applicants.”

    Bing answer to an Insider request for a job cover letter.

    Bing answer to an Insider request for a job cover letter.

    Bing



    Less than 24 hours later, it reversed course: Bing agreed to help me write cover letters.

    To be doubly sure, I again asked the new Bing on Friday to write a cover letter for the same social media content producer job. Here’s what it produced:

    Microsoft's Bing can now generate job cover letters.

    Microsoft’s Bing can now generate job cover letters.

    Microsoft Bing



    What Bing came up with is similar to ChatGPT’s creations. Both programs can write cover letters in a boilerplate format, including a few specific sentences targeted to fulfill some of the job requirements outlined in the job description.

    When Insider asked Microsoft to explain why Bing can now generate a cover letter, a spokesperson declined to specifically answer the question, saying, “In general, Bing will be able to help a user write a letter.”

    “It’s important to note that we are at the beginning of this journey with this product preview, and we will continue to improve our systems over time,” the spokesperson added via email.

    Changing fast

    I have noticed small changes to Bing’s responses every time I asked the the platform the same questions, which means it’s constantly learning.

    For instance, the cover letter Bing generated on Thursday said: “I am a digital media enthusiast with a passion for creating and distributing engaging content across various platforms.”

    On Friday, for the same prompt Bing said: “I am a digital media enthusiast with a keen interest in the Insider brands and a proven track record of creating and distributing engaging content across various social platforms.”

    Such changes, within the space of mere hours, show that AI platforms adapt and evolve rapidly.

    Microsoft’s AI-powered Bing is new, so it’s still under trial. Users have to sign up for a waitlist to get access. It’s also not fail proof: The search engine itself says in its FAQ that it isn’t unusual for its responses to be unexpected — or even wrong. It asks users to “use your own judgment and double check the facts.”

    “Bing aims to base all its responses on reliable sources — but AI can make mistakes, and third party content on the internet may not always be accurate or reliable,” reads Microsoft’s FAQ section.

    Even so, Bing has already displayed at least one big change in what it can — or at least, will — do in the span of 24 hours. Just think about what it’ll be able to do in a week.

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  • Real-Estate Investing, Attractive Markets, How Far Prices Will Fall

    Real-Estate Investing, Attractive Markets, How Far Prices Will Fall

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    • Home prices are on the decline after their pandemic-era melt-up.
    • That’s bad news for current real-estate investors, and probably good news for prospective ones.
    • Here’s how to navigate today’s shifting market.

    After their historic pandemic-era melt-up, home prices have begun to fall back toward more realistic levels as high mortgage rates cut into affordability.

    Home prices are down 4.1% from June to October according to the S&P CoreLogic Case-Shiller US National Home Price NSA Index, which lags by a few months.

    Experts say the trend is set to continue. That’s bad news for real-estate investors currently holding properties — falling home prices affect how much cash they can pull out of a house through a home-equity line of credit, and make flipping homes much riskier. On the other hand, it’s potentially good news for prospective real-estate investors who have been sitting on the sidelines waiting for better deals.

    Below is a list of Insider stories to help navigate the current real-estate investing landscape as prices fall.

    First order of business: home price projections. It’s up for debate how far home prices end up falling — some say they’ve almost bottomed and some say they have much further to fall. 

    Let’s start with Morgan Stanley. 

    California suburbs from a drone point of view.

    adamkaz/Getty Images



    The bank says home prices will fall another 4% in 2023, which is on the lower end of forecasts. Still, it would represent the first time home prices closed out a calendar year in the negative in more than 10 years. 

    The declines are due to the affordability being around the lowest levels in four decades.

    “Affordability continues to deteriorate at a faster pace than at any point in at least the past 30 years,” Egan said in a January 5 note to clients. “The YoY % increase in the monthly mortgage payment as a share of household income has more than doubled any other period over that time.”

    home for sale

    Joe Raedle/Getty Images



    Goldman Sachs has a slightly more bearish take. They see US home prices falling another 6% in 2023, putting peak-to-trough declines at around 10%. In certain areas of the country, losses will be worse, they said.

    Strategists at the bank said their call is based on mortgage rates staying higher than investors are expecting.

    “Our 2023 revised forecast primarily reflects our view that interest rates will remain at elevated levels longer than currently priced in, with 10-year Treasury yields peaking in 2023 Q3. As a result, we are raising our forecast for the 30-year fixed mortgage rate to 6.5% for year-end 2023 (representing a 30 bp increase from our prior expectation),” they said. 

    A realtor sign advertises that the price of a house has been reduced

    A realtor sign advertises that the price of a house has been reduced


    David McNew/Getty Images



    Other calls are more severe. Ian Shepherdson, the founder of Pantheon Macroeconomics who warned of the mid-2000s housing crisis, says home prices will fall 15% in 2023 thanks to unsustainably low affordability and growing supply.

    “We estimate that single-family home prices have fallen by 5.4% from their recent peak in May 2022, but they still need to fall by a further 15% or so before they return to their long-run average, compared to disposable incomes,” he said in a recent note to clients.

    Real estate/suburbs

    Education Images / Contributor/ Getty Images



    Meanwhile, KPMG economist Yelena Maleyev said home prices could fall as much as 20% this year. Similar to Goldman’s call, she thinks the market is underestimating how high mortgage rates will stay in 2023. 

    Also like Goldman, Maleyev sees the destruction being worse in certain pockets of the country.

    real estate

    Blake Callahan / Getty Images



    More on specific markets: New York-based home-lender Knock recently published a report highlighting 15 cities that will suffer the biggest home price losses this year, therefore making them the most attractive markets for buyers. 

    All the cities on the list have a sale-to-list ratio below 100%, meaning that homes are expected to sell for less than what sellers are asking for them, Insider’s James Faris reported.

    A "Price Reduced" sign is displayed on a home for sale in northern Virginia suburb of Vienna, outside Washington, October 27, 2010. REUTERS/Larry Downing

    A “Price Reduced” sign is displayed on a home for sale in northern Virginia suburb of Vienna

    Thomson Reuters



    Redfin also recently shared a report on the best markets for homebuyers right now. The report highlighted 16 metropolitan areas where buyers are getting the most deal sweeteners. 

    “Buyers are asking sellers for things that were unheard of during the past few years,” said Redfin real-estate agent Van Welborn. Some of these include credits for repairs on the homes, mortgage-rate buy downs, and warranties on household appliances. 

    Male investor with money briefcase pushing shopping cart with large house - stock illustration

    Malte Mueller/Getty Images



    When it comes to strategy, BiggerPockets’ housing market guru Dave Meyer recently shared his top 10 tips for investing in a down market. Some of them include using creative financing and looking to invest in “hybrid cities” —those with a combination of both modest cash flow and modest appreciation.

    home for sale sign price reduced

    Justin Sullivan / Getty Images



    One of the most common financing strategies real-estate investors use to build up a portfolio is the BRRRR method: buy, rehab, rent, refinance, repeat.

    But falling home prices can affect the “refinance” part of that equation. So can falling rents, which is happening in markets around the country.

    But the method is still feasible, according to Kumar Sadaram, an investor who’s grown his portfolio to over 50 properties using the strategy. But given the shifting market, there are certain risks to be aware of when using the strategy that may not have mattered even a couple years ago, he said. 

    how to get into real estate investing 4x3

    Samantha Lee/Business Insider



    Speaking of risks, some of them are unforeseen to investors, reports Insider’s Laila Maidan. If you’re thinking about going into real-estate investing, here’s what recent buyers wish they would have known before they entered the market, according to Hippo, a home insurance firm.

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  • Ex-Coinbase Staffer Pleads Guilty to Insider Trading After Brother Sentenced

    Ex-Coinbase Staffer Pleads Guilty to Insider Trading After Brother Sentenced

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    • An ex-Coinbase employee pleaded guilty to 2 counts of wire fraud, the first case of its kind.
    • Ishan Wahi co-ordinated with his brother and another accomplice to preempt new listings on Coinbase.
    • The group made about $1.5 million in profit from 14 Coinbase announcements, per prosecutors.

    An ex-Coinbase employee has pleaded guilty in the first-ever insider trading trial linked to cryptocurrencies, weeks after his brother was sentenced in the same case.

    The Department of Justice (DOJ) said Ishan Wahi, a former product manager at the crypto exchange, pleaded guilty to two counts of conspiracy to commit wire fraud, by tipping off others regarding Coinbase’s planned token listings in order to make a profit. 

    In January, Wahi’s brother Nikhil was sentenced to 10 months in prison and hit with a $892,500 fine after pleading guilty to one count of conspiracy to commit wire fraud.

    The DOJ said starting in October 2020, Ishan, 32, gave his brother Ishan and another accomplice Sameer Ramani information around Coinbase listings using his position at the company. The pair regularly made a profit off trades on Coinbase.

    Prosecutors argued in court filings that the group made $1.5 million in profits from 14 Coinbase announcements, affecting at least 25 different crypto assets.

    But their trades soon aroused suspicion. A tweet on April 12 2022 highlighted an Ethereum blockchain wallet “that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published.” Coinbase’s chief security officer responded that his team was already investigating the incident. 

    The DOJ confirmed this trading came from Ramani, based on tips provided by Wahi.

    The former Coinbase employee faces up to 20 years in prison for each count of conspiracy to commit wire fraud. He will be sentenced on May 10.

    “Wahi is the first insider to admit guilt in an insider trading case involving the cryptocurrency markets,” U.S. Attorney Damian Williams said.  

    “Whether it occurs in the equity markets or the crypto markets, stealing confidential business information for your own personal profit or the profit of others is a serious federal crime.”



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  • Hackers Tied to North Korea Stole $630m in Crypto Last Year, UN Finds

    Hackers Tied to North Korea Stole $630m in Crypto Last Year, UN Finds

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    • The UN found North Korea-backed hackers stole a record $630 million of crypto last year, per Reuters.
    • North Korea is thought to use cyberattacks to fund its nuclear missile program and to steal defense secrets.
    • Its haul from crypto hacking is likely to make up a sizeable chunk of its economy, according to Chainalysis.

    Hackers with ties to North Korea stole more crypto than ever before last year in dollar terms, the United Nations has reportedly found.

    The hackers brought in a record digital asset haul worth at least $630 million in 2022, according to a Reuters story Monday that cited a currently confidential UN report.

    North Korea “used increasingly sophisticated cyber techniques both to gain access to digital networks involved in cyber finance, and to steal information of potential value, including to its weapons programmes,” independent sanctions monitors told the UN’s Security Council, per Reuters.

    The monitors arrived at the $630 million figure using an estimate provided by neighboring state South Korea, the report said. Meanwhile, a cybersecurity firm cited by the UN said the total amount of crypto stolen by North Korea in 2022 could be worth over $1 billion.

    The varying figures are likely due to cryptocurrencies’ wild price movements last year, as rising interest rates and the implosion of high-profile crypto companies like FTX fueled a 60% plunge in leading token bitcoin to under $17,000.

    Sanctions monitors have previously said that North Korea likely uses the money it raises from crypto hacks to fund its nuclear missile programs, although US sanctions forbid it from developing nuclear capabilities.

    US-based Chainalysis found last week that groups with ties to North Korea had accounted for over half of all the crypto stolen in hacks last year.

    The hackers “shattered their own records for theft” in lifting roughly $1.7 billion worth of crypto, the blockchain analysis group said.

    “For context, North Korea’s total exports in 2020 totalled $142 million worth of goods, so it isn’t a stretch to say that cryptocurrency hacking is a sizable chunk of the nation’s economy,” Chainalysis added.

    In the recent UN report, the sanctions monitors said hackers with ties to North Korea had developed their techniques to the point they were now able to steal weapons secrets as well as cryptocurrencies from other countries, per Reuters.

    In 2020, its hackers used LinkedIn to carry out an intrusion into networks of military contractors in Europe, according to cybersecurity researchers. 

    The UN didn’t immediately respond to Insider’s request for comment.

    Read more: Crypto hackers made off with an unprecedented $3.8 billion in 2022, led by North Korean-linked groups breaking their own theft records

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  • I’m the New York Times Editor Who Edits Wordle. I Love My Job.

    I’m the New York Times Editor Who Edits Wordle. I Love My Job.

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    • Tracy Bennett had worked as a copy editor for over 20 years and constructed crosswords as a hobby.
    • She applied to be an associate puzzle editor at The New York Times in 2020 and got the job.
    • In November 2022, the Times announced Bennett would be the editor of Wordle, the viral word game.

    This as-told-to essay is based on a conversation with Tracy Bennett, a 58-year-old associate puzzle editor of the New York Times and editor of Wordle who lives in Ann Arbor, Michigan. The following has been edited for length and clarity.

    Before I became an associate puzzle editor at The New York Times in 2020, I’d thought puzzles would always just be a hobby for me.

    I had a day job as the manager of the copy-editing department at a mathematics journal. I’d been working there for more than 20 years and managed 17 people.

    I had a child who was launching into college and was at a job I was ready to retire in. I was happy where I was.

    I’d always loved puzzles

    Starting in my late teens, I’d solve The New York Times Sunday crossword. But it wasn’t until 2011, when I was in my 40s, that I went to the American Crossword Puzzle Tournament as a competitive solver. I finished about halfway up the bottom division out of six divisions.

    I competed for the next two years and became a part of a community of people who are heavily into puzzles. I met people who construct puzzles, rather than just solve them, and started to make them myself. The second year that I went back, I found someone to mentor me in puzzle construction.

    I would submit them to The New York Times, The Chronicle of Higher Education, and the Los Angeles Times. Puzzlers would submit on spec, and the editors would look through all the submissions and pick a small number to publish.

    My first crossword was published in The New York Times on Sunday, July 21, 2013. Debbie Hamlin, the writer of the Times daily crossword column, “Wordplay,” noticed my puzzle and contacted me.

    She asked if I wanted to take her place writing crosswords with a byline for BUST Magazine. I’ve been writing crosswords for BUST Magazine since 2014. I also got a contract gig with Crosswords with Friends, and I’m still working with them.

    Contract gigs meant I had a set number of puzzles that I knew would be published. There’s less outright rejection. Those were where I developed my puzzle-construction chops.

    In 2017, Laura Braunstein, a fellow puzzler, approached me about founding a puzzle service for women and nonbinary creators in the puzzle space called “The Inkubator.” Working on that project was my introduction to puzzle editing.

    I’d always said I would never leave my copy-editing job unless it was for a full-time position in puzzles

    Almost no one gets to spend their day making puzzles – it was a dream. When the associate puzzle-editor position opened up at the Times in 2020, I just whimsically applied.

    When I got the job, it was exhilarating and scary. I was in my 50s moving from somewhere where I was the expert to somewhere I’d start at the beginning.

    I knew how to edit puzzles prior to joining — making sure clues are grammatically correct, fact-checking, and ensuring there’s enough variety. But with New York Times crosswords, I had to learn about editing for difficulty — as they get increasingly hard throughout the week — and editing for themes.

    I work with the rest of the New York Times puzzle team — including Will Shortz, Joel Fagliano, Sam Ezersky, Wyna Lui, and Christina Iverson — reviewing around 200 crossword puzzles a week.

    We pick seven to 10 crosswords from these submissions for publication, edit them, and decline the puzzles we don’t take. This role still makes up 90% of my day.

    I think they chose me because I had experience as a manager. They felt I could handle the scrutiny that comes with a high-profile byline.

    I was thrust into this role that had national visibility. I remember the day my byline was announced, I was working from home in my pajamas when the doorbell rang. It was the local news, who had a van parked in my driveway. I was completely shocked.

    I went into it somewhat naively. The scale of Wordle is very different from other Times games. It has tens of millions of players who tweet and post on Reddit about every word choice. People write in with complaints sometimes.

    At first, Joel and I were working on Wordle together. We couldn’t edit the game at all for the first few months while our developers integrated it into our system.

    For those first months, we just studied people’s responses to the words as they went out, and we looked ahead to what words we wouldn’t want to include once we could manipulate the list.

    We inherited the list of words that John Wardle, the game’s creator, had curated. There are enough five-letter words to last until 2027.

    The Times integrated the game and we got the tools to start editing the list in September 2022. Joel went on paternity leave shortly after. So I set up the first month and a half of words alone. My byline was added on November 7, 2022, when the words I selected began appearing. 

    With the current version of Wordle, we can’t add words — we can only remove and reorder the words John Wardle had programmed. We remove words if they’re too obscure or have a derogatory secondary meaning.

    I choose the words about six weeks in advance using a random-number generator to select words from the original list. I’ll then research it to check any secondary meanings and judge its fit with the other words that week. I will also do letter runs to see how hard it is, or how much luck I think is involved in guessing the word to avoid clumping together really hard or really easy words.

    When I first got started ordering the words, I made them “drive” and “feast” on the day before Thanksgiving and on Thanksgiving.

    I have an attraction to beautiful-sounding words and quirky words like “angst” and “glyph.” I have one word coming in February that’s a really hard, luck-based word.

    There are some words that are totally reliant on luck. For example, words that end in “-ound” have eight letters that can go into that first slot. And with Wordle, you only have six guesses, so that’s obviously one where you might get lucky or might not. Those kinds of words are important to have in a game.

    The team has already been warned that we might get an influx of attention when that particularly hard, luck-based word comes out.

    Eventually, I’ll be able to add words to the list. I want to add “bling,” which I predict might make a stir, and words that will create more representation in the game like “latke” which is Yiddish. 

    Becoming the Wordle editor has been transformative in my personal and professional life 

    I’ve had someone recognize me in a local store and ask, “Aren’t you the Wordle lady?” My son said he gets boosts of popularity at college when people find out his mom edits Wordle. I’m not an anonymous person anymore, which is daunting.

    I used to have a very physical, fear-based response to public speaking and confrontation.

    When the Times announced my new role, they asked me to do interviews right away. I was really scared, not of the work or even the visibility, but scared of speaking.

    In January, I agreed to appear live on the “Today” show. I had to work with my therapist and do five hours of media training to prepare. The night before, I barely slept.

    But when I got into the studio, all the training and work I’d done kicked in. I was able to do the interview with confidence.

    The work I did leading up to the interview and the interview itself was transformational. Now, interviews with journalists or presentations feel more natural.

    Being the Wordle editor is a thrill, and it’s an honor. And it’s a privilege to be doing work that I love every day.

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  • How Microsoft, Google Are Taking on ChatGPT, What It Means for the Stocks

    How Microsoft, Google Are Taking on ChatGPT, What It Means for the Stocks

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    • ChatGPT’s viral success has caught the eye of big tech companies and investors.
    • Microsoft is working to integrate the bot into its search engine, while Google is scrambling for alternatives.
    • Here’s what the AI chatbot’s popularity could mean for tech stocks.

    ChatGPT has taken the stock market by storm, massively boosting the value of companies like Buzzfeed who say they’ll incorporate its technology into their business.

    The intelligent language tool – which can write cover letters, produce dating app messages, and even offer up generic investing advice – has become a buzzword in the world of finance, while some venture capitalists predict it’s the “next platform shift” in tech.

    But it’s raised eyebrows among some market analysts, who’ve drawn comparisons with companies’ short-lived and unsuccessful pivot to the metaverse in 2021.

    Major tech names like Microsoft, Google parent Alphabet, and Chinese tech giant Baidu have all taken steps in recent weeks to show they’re trying to harness the technology underpinning OpenAI’s ChatGPT.

    Here’s what their efforts to integrate the chatbot into their businesses could mean for investors.

    Microsoft

    Microsoft said in January that it would pour $10 billion into ChatGPT creator OpenAI as part of a “multiyear, multibillion-dollar” investment. It had already provided $1 billion in backing in 2019.

    The tech giant on Thursday released a version of Teams premium that uses OpenAI technology, and it’s reportedly planning to launch a version of its search engine Bing powered by ChatGPT.

    Getting ChatGPT into the little-used Bing is likely to give Microsoft a considerable edge over its Big Tech rivals and lift its share price, analysts have said. Shares have jumped 7.6% year-to-date, although investors’ expectation of interest-rate cuts later this year has helped most tech stocks to rally in 2022.

    “Microsoft’s investment in OpenAI will translate to significant underappreciated upside,” D.A. Davidson analyst Gil Luria said in a research note last month.

    “Longer-term, incorporating ChatGPT into Bing may provide Microsoft with a once-a-decade opportunity to unseat Google’s Search dominance.”

    Alphabet

    Some analysts believe that Google parent Alphabet under threat from the rise of ChatGPT, because the AI bot is a potential rival to its search engine.

    In December, the company’s management issued a “code red” about the bot’s launch. Google is reportedly already testing out potential rivals to OpenAI’s tech, including a homegrown chatbot called “Apprentice Bard”.

    But analysts say that the bot’s rise won’t weigh on Alphabet’s share price in the longer-term. That’s because ChatGPT’s only unique feature is that it’s available to the public already, and Google is likely developing a stronger alternative in-house.

    “ChatGPT has truly revolutionized many types of information queries and other types of tasks,” Saxo Bank’s top equity strategist Peter Garnry said in a recent research note.

    “But it remains very doubtful that it could be a replacement for Google, nor a new phase of the internet.”

    Alphabet shares have jumped just under 21% in 2023 – suggesting its shareholders aren’t too worried about the rise of ChatGPT either.

    Baidu

    It’s not just US big tech  Chinese search giant Baidu is also working on developing a rival to ChatGPT to use in its services, Bloomberg reported Tuesday.

    Shares jumped 3.2% the day of the report, lifting Baidu to a 22% gain for January. 

    But just as analysts said ChatGPT was unlikely to threaten long-term dominance of incumbent big techs, they generally expect Baidu’s share-price bounce to prove short-lived. That’s because its competitors are lining up similar AI.

    “There has been fervent pursuit of the ChatGPT concept in China, one of the countries that are most active in championing AI, with many large companies preparing to launch similar products,” said Shen Meng, director at Chanson & Co in Beijing. “The rally may fade after a short-term run.”

    Read more: If you still aren’t sure what ChatGPT is, this is your guide to the viral chatbot that everyone is talking about

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  • ChatGPT Seconds Buffett, Burry Tips on Successful Stock Investor Traits

    ChatGPT Seconds Buffett, Burry Tips on Successful Stock Investor Traits

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    • Insider’s Zahra Tayeb asked ChatGPT what traits make for a good stock investor. 
    • The buzzy AI bot chucked out 6 virtues that lead to investor success, including patience and discipline. 
    • Its advice mirrored that of top investors like Warren Buffett, but failed to identify other key traits vital to investor success. 

    ChatGPT, the new buzzy chatbot developed by artificial intelligence company OpenAI, is the world’s latest obsession for its human-like responses. 

    The bot, which bagged a $10 billion investment from Microsoft, has shown a capacity for a range of tasks such as writing stock storieslayoff emails, and even dating-app messages. The craze around it has even boosted investor appetite for AI stocks, sending shares in names like Nvidia and Ambarella soaring. 

    Earlier this week, I put the human mimic-like tool to the test to see what all the fuss was about. I enjoyed its conversational tone and was grabbed by the ease at which it churned out content, but its lack of empathy or decision-making skills ultimately made it easy for me to remember it’s just a robot. 

    As a frequent writer on the US equities market, I sought out to ask the AI tool what character traits make for a good stock investor. Here’s what it chucked at me. 

    ChatGPT’s 6-part tip on traits that make for a successful stock investor

    1. Patience: Investing in the stock market often requires a long-term perspective and the ability to withstand short-term volatility.
    2. Discipline: Developing and sticking to a well-thought-out investment strategy can help investors avoid impulsive decisions based on emotions.
    3. Objectivity: Being able to separate personal opinions and emotions from investment decisions can lead to more rational and informed investment choices.
    4. Perseverance: Investing in the stock market can be a challenging and sometimes frustrating experience, but having the determination to stay the course and stick to a strategy can lead to long-term success.
    5. Open-mindedness: Keeping an open mind to new information and being willing to adjust your investment strategy in light of new developments can help you stay ahead of the curve.
    6. Attention to detail: Careful research and attention to detail can help investors identify the best investment opportunities and avoid costly mistakes. 

    ChatGPT then cautioned none of its advice can guarantee success. “Having these traits does not guarantee success in the stock market, but they can help investors make better decisions and navigate the ups and downs of the market more effectively,” it said. 

    The bot’s tips impressed me, given it mirrored the advice of top investors like Warren Buffet and “Big Short” fund manager Michael Burry. Like ChatGPT, Buffett says self-discipline and keeping emotions in check is key for investors.

    The Berkshire Hathaway CEO – often considered a role model in the investing world – has also showcased the virtues highlighted by ChatGPT, according to the “Richer, Wiser, Happier” author William Green. Green noted that Buffett’s phenomenal success was steeped in qualities like patience and having an open mind.

    He gave the example of Buffett, who for decades brushed off technology as outside of his circle of competence, then injected $36 billion into Apple between 2016 and 2018. Its stake has blown up in value to about $134 billion today. 

    Meanwhile, Gabriel Colominas, a buy-side equity analyst at Gesiuris Asset Management and a Burry expert, has said the investor showcased virtues like perseverance through his ability to withstand pressure and possess the deep conviction needed to stay the course.

    He used the example of Burry’s iconic bet against the mid-2000s housing bubble, which was mocked by Wall Street, only for the legendary investor to be proven right. 

    However, chatGPT didn’t have all the answers. For instance, the bot failed to identify other key traits underpinning Buffett’s success like dedication, humility and simplicity. 

    David Shayer, CEO of Vantage Markets UK, told Insider that while ChatGPT picks up on specific personality traits of successful investors, it misses others.

    “I think there are some characteristics missing here, which ChatGPT, or perhaps AI in general, doesn’t yet understand fully when it comes to the human psyche,” Shayer said. 

    “ChatGPT has missed the more daring side of a good stock trader’s personality, or attitude to risk. They have to be willing to be speculative and have a certain amount of intuition on where markets might go. However, similar to ChatGPT’s discipline, they also tend to be highly independent individuals. There’s a lot to learn in trading and it can get complicated, so they have to be proactive in learning,” he added. 

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  • 4 Ways to Stop Passive Aggression in the Workplace

    4 Ways to Stop Passive Aggression in the Workplace

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    • 71% of employees blame passive aggression for their lack of effort at work.
    • Workplace passive aggression can appear as sarcasm, the silent treatment, or spreading gossip.
    • To combat it, keep lines of communication open and reflect on your own behavior regularly. 

    The way that employees communicate has changed significantly as companies migrated to remote work during the pandemic. Online culture became the norm and companies were forced to rethink how to maintain employee engagement and community. However, the sudden shift from in-person interactions to online communication has led to numerous issues, including an increase in passive aggression. In fact, research conducted by my company Go1 shows that seven out of ten Americans are experiencing higher levels of passive aggression in the workplace compared to before the pandemic.

    Passive aggression’s destructive power

    Over the past year, there have been several employee-driven movements in the corporate world. “Quiet Quitting” has been gaining popularity and can be linked to the rise of passive aggression in the workplace.

    Toxic behaviors like passive aggression can not only lead to turnover but can also create a culture where employees feel unmotivated. This has also had further impacts on employees’ attitudes and led to a decrease in productivity. So much so, that 71% of employees blame passive aggression for their lack of effort at work. If left unchecked, these behaviors can create a negative feedback loop that further harms the company’s culture and workforce.

    To build a healthy culture and maintain employee engagement, it is important to break this cycle. Here are four key tips to help combat passive aggression and transform toxic workplaces back into healthy ones.

    1. Identify the cause

    Workplace passive aggression can manifest itself through a number of different behaviors, such as sarcasm, giving someone the silent treatment, or spreading gossip. Rather than simply focusing on the negative behaviors, it is important to ask why these behaviors are occurring in the first place.

    Reflect on any recent organizational changes or major projects that may have caused tension or conflict in the workplace. Additionally, consider any personal factors that individuals may be experiencing outside of work that are affecting their behavior. Performance reviews and exit interviews are great ways to gather this information.

    Was there a ‘bad’ manager who practiced favoritism? Did your company produce an always-on culture that blurred work-life balance?

    Once the root cause of passive aggression has been determined, collaboration with different departments can help develop solutions that address the specific underlying cause. For example, this may involve providing leadership training for the manager who is not treating their colleagues equally or implementing an updated PTO policy to help employees unplug and recharge while setting boundaries.

    2. Look into soft-skills training

    More than half of Americans revealed passive-aggressive coworkers would benefit from appropriate soft-skills training. Educating your workplace on how to improve their communication, time management, and problem-solving skills is the key to preventing passive-aggressive behaviors before they happen.

    In 2022, major tech companies made headlines for their handling of difficult news such as layoffs. Communication-skills training could have played a role in teaching both managers and employees how to voice their concerns and handle these difficult conversations without being passive aggressive. The University of California, Berkeley recently introduced a course that focuses on role-playing these exact conversations, which have already seen great results. Many of the students who reported being conflict-avoidant before taking the course now believe practicing these conversations led to building trust and intimacy.

    For workplaces looking to reduce passive aggression in the workplace, it is important to create a culture of trust. Companies with high levels of trust typically have higher productivity and avoid micromanagement. This allows managers to trust that employees know how to prioritize their tasks, and employees to trust that managers know how to delegate tasks effectively to prevent burnout.

    3. Create an open line of communication with HR specialists

    It is crucial for employees to feel comfortable and confident communicating openly with HR leaders within their company. These individuals have an influence on a company’s culture and ways of working — they can implement and share resources to reduce passive-aggressive behavior and in turn, create healthier work environments.

    One way to implement this change is to increase the frequency of check-ins with HR. The specific interval at which these check-ins occur (e.g. quarterly or biannual) will depend on the size of your company. Larger companies may require more frequent check-ins, while a smaller company may be able to hold them less often.

    Having these check-ins provide more opportunities for employees to voice any concerns and frustrations directly to HR, rather than harboring negative feelings or expressing them indirectly through passive-aggressive behavior.

    HR leaders can also provide guidance and support to employees on communicating effectively and assertively, which can help prevent misunderstandings and conflicts that can lead to passive aggression.

    4. Be accountable and reflect on your own behavior

    It is common for people to engage in passive-aggressive behavior out of frustration, so the fact that nearly 70% of Americans admit to being passive-aggressive should not come as a surprise. Entrepreneurs are not immune to passive aggression, but by holding yourself accountable and taking responsibility for your actions, you can set a positive example for others to follow.

    You don’t have to make a big announcement every time you behave passive-aggressively. Instead, you can show accountability by simply acknowledging to the person on the receiving end of your behavior that you were reacting out of emotion. This could be as simple as sending them a direct message apologizing for your behavior and reiterating that you’ll communicate better in the future. This simple gesture can go a long way in building trust and improving communication within your team — motivating others to follow suit and express their thoughts and feelings directly.

    As business leaders, it’s important to recognize the impact your work culture can have on your team and your bottom line — especially considering that toxic work cultures can cost businesses more than $44 billion each year, with one in five employees leaving due to this issue.

    Marc Havercroft is president of the corporate e-learning solution company Go1.

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  • I’m a Cart Girl on a Golf Course. I Wear Pigtails to Get More Tips.

    I’m a Cart Girl on a Golf Course. I Wear Pigtails to Get More Tips.

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    • Zalaiya Nefwani is a 24-year-old beverage cart girl in Phoenix, Arizona.
    • She’s tried the “pigtail theory” at work, where women make themselves look younger for higher tips.
    • As a woman in the service industry, Nefwani says she studies what men like to get them to tip more.

    This as-told-to essay is based on a conversation with Zalaiya Nefwani, a 24-year-old beverage cart girl in Phoenix, Arizona. It has been edited for length and clarity.

    I’m a beverage cart girl at a golf club, which means I’m basically a mobile bartender on wheels. I drive around serving drinks all day — and sharing some of my experiences on TikTok, which is where I first heard about “pigtail theory.”

    The pigtail theory is simple 

    If you’re a woman who works in the service industry, you’ll make more money if you wear your hair in pigtails. 

    When I first saw the theory, someone commented on one of my videos urging me to try it. I did it right away after I heard about it, putting my hair into low pigtails and heading to work. 

    I was curious: Would the pigtail theory actually work?

    A selfie of  Zalaiya Nefwani

    Courtesy of Zalaiya Nefwani



    Well, kind of. I made at least $100 more that day than I do in a normal shift, but I wasn’t totally sure it could be attributed to the pigtails. Plus, I thought I’d make more than an extra $100. 

    I posted about it on TikTok, and people commented telling me high pigtails are best because they make you look even younger. I was so grossed out — it’s uncomfortable to think that’s what men really want. 

    But I tried higher pigtails, and I made $200 more with them than I do during a regular shift. 

    Being part of the service industry as a woman can involve a level of studying men

    It’s strange. You have to figure out what they like and what works to get them to pay you more. I saw people talking about the “red nail theory,” which is basically that if you have red nails, men are drawn to you because red is a sexy color that symbolizes desire. 

    I gave that a shot and was shocked. It seemed like the golfers were turned on by my nail color and just forking over their money. I even had someone give me $20 just for driving by. They didn’t even order a drink! 

    People kept complimenting my nails and tipping me more and more. It was wild. I’ve heard about “red lipstick theory,” which is the same as red nail theory but with lipstick. I’ve even thought about combining the red lipstick, red nails, and pigtails, but I haven’t done it yet.

    On one hand, it makes me feel powerful to be able to wrap men around my fingers like this

    A selfie of Zalaiya Nefwani

    Courtesy of Zalaiya Nefwani



    Sometimes, I’ll be going into work and thinking I don’t look pretty that day. Then, men are just praising the ground I walk on, so that’s a confidence boost.

    Plus, I can just make these small changes to my appearance and make more money. That’s power.

    But on the other hand, it really makes me uncomfortable

    Like, the red nails and lips are one thing. But knowing that I’m playing into men’s fantasies of women being childlike is a whole other thing. It’s really unfortunate that it actually works. 

    And it’s strange to be treating it all like a game — like, what can I do to myself to be even more desirable to men? But it translates to money, so I like to test things out. It’s like: “OK, give me all your money, all you’re getting is this image of me in return.”

    If other women are thinking about trying out any of the theories, I’d tell them to just make sure they’re safe

    If you don’t feel comfortable, don’t do it just for a TikTok. Trust your gut. We’re women, and we need to keep ourselves safe. It’s not always worth it.

    And when you don’t feel like it, don’t do it. I don’t wear pigtails to every shift and I don’t always get my nails done red, because I don’t live to please men.

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  • I Rent My Backyard As a Dog Park

    I Rent My Backyard As a Dog Park

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    • Rick Powell and his wife make $3,000 a month using Sniffspot to rent their yard out as a dog park.
    • The Powells started in 2021 hosting dogs and their owners in their Oregon backyard.
    • They spend 10 minutes a day managing bookings, and Rick loves the income security it provides.

    This as-told-to essay is based on a conversation with Rick Powell, a 53-year-old IT manager from Tualatin, Oregon, about his dog-park side hustle. It has been edited for length and clarity. Insider has verified his revenue.

    I’m a senior manager for an application-development team, but working in IT can be a feast or famine industry. I’ve lived through the dot-com bust, and I’m watching the mass layoffs happening at tech companies. Because of that instability, I’ve always looked for ways to supplement my income.

    In 2019, I worked for Adidas. I was the senior manager for the North American network and connectivity. It did a restructuring, and I wasn’t happy with it. I quit and took the five-month severance package they offered.

    I thought I’d be able to get another job quickly because I’d job-hopped easily in the past, but eight months later, I was still unemployed. 

    I discovered Sniffspot on Craigslist

    I was burning through my savings, so I began researching ways to make money. I found a Sniffspot ad on Craigslist.

    Sniffspot is an Airbnb-like service for people who want to rent their backyards out as dog parks. If someone has a fenced-in yard, they can list it on Sniffspot, and dog owners can rent it by the hour.

    We have a 5-acre backyard in Tualatin, Oregon, that’s completely fenced in, so I signed up. There’s no minimum land requirement, but Sniffspot suggests unfenced land of less than half an acre doesn’t perform well on the platform. 

    I went to the “become a host” page, read the information about being a host, and signed up for free. I answered the standard questions about my backyard and uploaded our listing photos.

    I was registered but didn’t start accepting guests 

    Shortly after registering, I landed my current job as a senior application manager. 

    We held off on Sniffspot because we weren’t sure we wanted people renting our backyard. But when COVID-19 hit, some friends mentioned they had no place to take their dogs because the dog parks were closed.

    That made me think about our backyard and how much of a need there could be for dog owners. 

    In March 2020, my wife and I went live with our listing and made $20 that first month. In April, we made $329 from word-of-mouth referrals, and my wife, a first-grade schoolteacher, and I were happy.

    The dog owner is 100% responsible for cleanup

    As hosts, our only responsibility is to ensure the renter knows how to access our backyard after booking. Only the people on the reservation can show up with their dogs, and Sniffspot provides $2 million of liability coverage. We charge guests $15 an hour to rent our backyard.

    We slowly gained traction on Sniffspot via positive reviews and referrals. 

    In October 2021, we created a membership program through Sniffspot for repeat guests. The memberships meant we could rely on consistent revenue each month.

    The memberships start at $30 a month, and members get two hours each month. We have two other packages that give people a discount for booking more hours. They can book four hours for $66 a month and eight hours for $120 a month. 

    In December 2021, we crossed $1,100 a month while working less than 2 hours a week on the side hustle

    We started making little investments to improve our listing and increase revenue, such as purchasing a pavilion because it rains a lot in the Pacific Northwest. We put in more gates so owners could drive into the backyard, close the gate, and let their dogs run wild. 

    We also met guests to build rapport. While it’s not required, I try to make guests feel comfortable with an initial hello and then leave them to enjoy their time alone with their dogs.

    Sniffspot’s app is user-friendly, and we set up automated messages that walk guests through everything they need to know about getting into our backyard and what they can do once they’re in it. 

    We spend about 10 minutes daily managing our bookings, and we usually have eight guests a day. I’ve spent zero dollars on advertising and don’t post on social media. All our growth has been organic. 

    We have 64 paying members bringing in recurring revenue of $2,555 a month. Members get to pick a set time each month they want to book our backyard. Every day, the window between 7 a.m. and 12 p.m. is exclusively for members’ bookings. 

    Sniffspot has enabled our family to make great passive income

    Between the memberships and off-membership rentals, we average $3,000 a month.

    I spend two hours a month ensuring no yard waste is missed and mowing the lawn. With the money we’ve made, we’ve remodeled our property. We also set money aside for our daughter, a freshman in high school, for her college fund. 

    We’ve had an overall positive experience with renting out our backyard, but we did have a demanding guest that we asked not to come back. The guest was rude to our daughter, who sometimes helps out with guests. She wanted to drive into a part of the property that was not available. We asked them to find another Sniffspot.

    Renting out my backyard as a side hustle has given me peace of mind

    Renting out our backyard will always be only a side hustle for me because it can’t match the benefits I get from my career. But it’s good to know I’m fine if I lose my job. I have $3,000 a month coming in, and it’s passive.

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