Helicopter pilot and former journalist Lauren Sánchez will lead an all-women crew, including "CBS Mornings" cohost Gayle King and pop star Katy Perry lifting off to space this spring on a Blue Origin spaceship.
The six-person crew will also include research scientist and Nobel Peace Prize nominee Amanda Nguyen, former NASA scientist Aisha Bowe, and film producer Kerianne Flynn. Sánchez "brought the mission together," Blue Origin announced on Thursday.
The six-person crew includes Katy Perry, Gayle King, Aisha Bowe, Kerianne Flynn, Amanda Nguyen, and Lauren Sánchez.
Blue Origin
"She is honored to lead a team of explorers on a mission that will challenge their perspectives of Earth, empower them to share their own stories, and create lasting impact that will inspire generations to come," it added.
The 11-minute journey will take a six-person crew past the Kármán line, which is the "internationally recognized boundary of space." Blue Origin says it will be the first all-female flight crew since Valentina Tereshkova's flight to space in 1963. It marks the 11th human flight with Blue Origin's New Shepard program, which uses Blue Origin's reusable, suborbital rocket system built for human flight. The rocket is fully autonomous with no pilots.
Sánchez is following in Bezos' footsteps with the launch.
The first passengers of the New Shepard program included Bezos and his younger brother Mark Bezos, who owns a private equity firm and volunteers as a firefighter. The crew had about three minutes to float around before gravity pulled them back toward the ground.
"I'll tell you something very interesting: zero gravity feels very natural. I don't know if it's because it's like a return to the womb," Bezos later said in a podcast interview.
Jeff Bezos has been to space on a Blue Origin flight previously.
Isaiah J. Downing/Reuters
Bezos also said that the crew on his flight experienced the overview effect — or overwhelming feelings that astronauts can experience when viewing the Earth from space.
"You see how fragile the Earth is. If you're not an environmentalist, it will make you one," he added.
However, in a later flight, "Star Trek" actor William Shatner also flew up to space with Blue Origin's New Shepard program and had a less pleasant experience. Shatner wrote in his book that it was a dark experience for him that "felt like a funeral," and he experienced "the strongest feelings of grief" during the trip.
"I love the mystery of the universe," he wrote. "All of that has thrilled me for years…but when I looked in the opposite direction, into space, there was no mystery, no majestic awe to behold...all I saw was death."
"I had a different experience because I discovered that the beauty isn't out there, it's down here, with all of us," the actor wrote. "Leaving that behind made my connection to our tiny planet even more profound."
Blue Origin is an aerospace manufacturer and spaceflight company headquartered in Washington. It's owned by Bezos and currently headed by former Amazon exec Dave Limp. Bezos founded Blue Origin in 2000 and has said it's his "most important work.
Her weeknight Bolognese is one of my favorites, so I was excited to try another "Barefoot Contessa" red-sauce pasta when I found the recipe for her baked rigatoni and lamb ragù.
While Garten's weeknight Bolognese cooks in 30 minutes, her baked rigatoni takes over an hour. Would the extra effort be worth it?
I decided to find out.
Ina Garten's baked rigatoni with lamb ragù includes red wine, two types of cheese, and a lot of veggies.
Garten's pasta recipe also includes fresh mozzarella and rigatoni pasta.
Anneta Konstantinides/Business Insider
To make Garten's comforting pasta dish, you'll need:
1 pound of ground lamb
1 pound of rigatoni (Garten recommends De Cecco)
1 can of crushed tomatoes (such as San Marzano)
1 pound of fresh mozzarella
½ cup of freshly grated Italian Parmesan cheese
2 ½ cups of dry red wine (Garten recommends Chianti or Côtes du Rhône)
⅔ cup of heavy cream
2 extra-large eggs
3 large carrots, diced
1 medium fennel bulb, diced
1 large yellow onion, chopped
3 cloves of garlic, minced
2 tablespoons of tomato paste
2 tablespoons of fresh parsley
1 tablespoon of whole fennel seeds, roughly chopped
1 teaspoon of dried oregano
½ teaspoon of crushed red pepper flakes
Before we got to work on the ragù, we began prepping all our vegetables and herbs.
First, I chopped the carrots and onions.
Anneta Konstantinides/Business Insider
There's a lot to this recipe, so it might help to have a sous chef. I had my friend Zach, who loves making pasta, on hand to help me with this cooking project.
First, per Garten's instructions, I chopped my yellow onion, diced my carrots and fennel bulb, minced the garlic, and roughly chopped the fennel seeds.
Then, we heated olive oil in a Dutch oven and began adding the ingredients.
We sautéed the onions and carrots for 10 minutes.
Anneta Konstantinides/Business Insider
First, we added the onion, carrots, and fennel to the pot.
We sautéed the veggies for 10 minutes, stirring occasionally until they began to brown.
Next, we added the lamb, along with the garlic and fennel seeds.
We let the lamb cook for eight minutes.
Anneta Konstantinides/Business Insider
We let the mixture cook for eight minutes, breaking up the lamb with a wooden spoon and stirring until it was no longer pink.
The room filled with a delicious scent as we threw in the rest of the sauce ingredients.
We added our tomatoes and red wine to the mix.
Anneta Konstantinides/Business Insider
We added the tomato paste and two cups of red wine (I went with Chianti), along with the oregano, red pepper flakes, and some salt and pepper.
I also threw in the San Marzano tomatoes, which I crushed in the pot with a wooden spoon.
Then, it was time to let our beautiful sauce simmer.
Garten calls for the Dutch oven to be partly covered while it simmers.
Anneta Konstantinides/Business Insider
I brought the Dutch oven to a boil, then lowered the heat and let it simmer — partly covered — for 40 minutes.
Per Garten's instructions, I also stirred the sauce occasionally while it was cooking.
While the sauce was simmering, we prepped our rigatoni.
We cooked our rigatoni until it was just al dente.
Anneta Konstantinides/Business Insider
I brought a large pot of water to boil, added salt, and then threw in the box of rigatoni. Garten recommends cooking your noodles until they're "barely al dente."
After 40 minutes, it was time to add more red wine to the sauce.
You can never have enough red wine.
Anneta Konstantinides/Business Insider
I took the Dutch oven off the heat and stirred in the remaining half cup of Chianti.
While waiting for the pasta to finish cooking, we prepped the cheese.
We tried to grate the mozzarella before switching to a knife.
Anneta Konstantinides/Business Insider
Garten's recipe calls for grating half of the fresh mozzarella on a box grater and slicing the other half.
Grating mozzarella is no easy feat. We tried one of Zach's tricks — putting the cheese in the freezer for a bit to harden it — but the task was still a struggle, so we ultimately used a knife to chop up the rest.
Once the pasta was ready, we tossed in the eggs and cream.
The eggs and cream get added into the barely al dente rigatoni.
Anneta Konstantinides/Business Insider
First, we whisked the eggs and cream together in a bowl, then added it to the rigatoni.
We added our mozzarella to the pasta, then tossed everything in with the lamb ragù.
Adding the pasta to the lamb ragù.
Anneta Konstantinides/Business Insider
We threw in some more salt and pepper, per Garten's instructions, and mixed everything together.
It was finally time for the last step as we transferred the pasta into a baking dish.
We topped everything off with mozzarella slices.
Anneta Konstantinides/Business Insider
We sprinkled everything with Parmesan cheese, then arranged the slices of mozzarella right on top.
The dish already looked delicious, but, alas, we'd have to wait. We set the timer for 40 minutes and popped the dish in the oven at 350 degrees Fahrenheit.
Once our pasta formed a beautiful crust on top, we knew it was time to eat.
Garten's baked rigatoni came out of the oven hot and bubbling.
Anneta Konstantinides/Business Insider
We took the baking dish out of the oven and sprinkled some parsley on top before serving it to our very excited (and very hungry) friends, who thought it had been worth the wait.
"The melted mozzarella on top of the lamb ragù added the perfect amount of creamy cheesiness, and the lamb was melt-in-your-mouth cooked to perfection," my friend Tyler said. "The sauce was so good."
"The dish reminded me of a cross between Bolognese and a baked ziti!" my friend Sara added. "Definitely a labor of love, but to someone not cooking, highly worth it!"
My sous chef, Zach, also loved the taste, although he didn't agree that it was worth the extra effort.
"As Prue would say on 'The Great British Bake-off,' it was worth the calories — but I wouldn't say it was worth the time," he said. "While it was definitely fun cooking it, I think you could genuinely make a dish that was 90% as good with just focusing on the ragù and broiling the pasta versus fully baking it."
The cooking process for Garten's baked rigatoni was definitely laborious, and I agree with Zach that the lamb ragù would make an incredible sauce even without the extra baking time. But you can also make most of the dish a day in advance. Per Garten's advice, just follow all the steps for the ragù, refrigerate it, and bake it just before serving the next day.
We served the pasta with Garten's "outrageous" garlic bread. It was the perfect meal for a small dinner party.
Garten's "outrageous" garlic bread.
Anneta Konstantinides/Business Insider
Garten's "outrageous" garlic bread was so good that it almost stole the show from the lamb ragù. Everyone loved the crunchy exterior, and the lemon zest and parsley on top added a nice brightness to all that garlic.
"I could have eaten an entire baguette's worth of the garlic bread," Tyler said.
Overall, the two dishes were perfect comfort food, just as Garten promised. When winter feels never-ending — as this one certainly has — what better way to get through than with some garlic bread and ragù?
A Russian soldier operating a drone in an undisclosed location in Ukraine on January 25, 2025.
Russian Defense Ministry Press Service via AP
Romanian lawmakers approved a bill allowing its military to shoot down drones over its airspace.
The NATO country has seen Russian drones entering its territory, with some crashing on its land.
Russia has targeted Ukrainian civilian and energy infrastructure near NATO's borders.
Romania could start shooting down drones that enter its airspace after lawmakers approved a new bill on Wednesday.
The legislation allows Romania's military to "destroy, neutralize, or take control of" unnamed aircraft illegally breaching its airspace.
It's set to be signed into law by interim President Ilie Bolojan.
Romania, a NATO member bordering Ukraine, has seenregularincidents of Russian drones entering its airspace or crashing on its territory since Russia launched its full-scale invasion of Ukraine in 2022.
Last month, Romania's defense ministry said that its investigation team had found Russian drone debris in two areas near its border with Ukraine.
Romania has also scrambled fighter jets in response to Russian drone activity. In July, two F-18 jets were dispatched after Russian drones attacked Ukrainian civilian targets and port infrastructure near their shared border.
In September, two Romanian F-16 fighter jets and two Spanish F-18 jets were also deployed after Russian drones targeted Ukrainian infrastructure nearby.
Drones have been a hallmark of the war in Ukraine, with both sides using the rapidly evolving technology to devastating effect. This has raised the alert level in nearby countries.
In an interview last year, Gheorghita Vlad, Romania's defense chief, advocated for legal revisions to empower the military to shoot down drones.
Other countries neighboring Ukraine, including Poland and Latvia, have also reported Russian drones illegally entering their airspace.
NATO spokesperson Farah Dakhlallah told BI in September that "shooting down drones or missiles violating Allied territory are decisions for national authorities."
"We are strengthening Romania's defense," Mircea Abrudean, Romania's interim Senate president, said in a Facebook post on Wednesday.
"Romania's safety is non-negotiable," he added.
Abrudean also said another law passed in the Senate on Wednesday would allow Romania's military to better collaborate with NATO partners on its territory during peacetime missions and military operations.
I've realized Tucson, Arizona, is a pretty great place to visit now that I don't live there anymore.
Molly Allen
I lived in Tucson, Arizona, as a child. After leaving for college, I hadn't been back in 15 years.
Recently, I visited Tuscon as an adult and it was even better than I expected.
The city was filled with excellent food, hiking trails, and beautiful sunset views.
I live in Oregon and enjoy traveling, though I usually focus on exploring new places or returning to beloved spaces in the Pacific Northwest again and again.
However, my most recent trip was a bit different: I returned to where I grew up for the first time in 15 years. Although I was born in Canada, I spent second grade all the way through middle and high school in Tucson, Arizona.
As a kid, I didn't enjoy Tucson. Once I was accepted to a university in Washington State, I left the Sonoran Desert as quickly as I could and never looked back.
Years later, though, I wanted to see the place where I'd spent years growing up — this time through the lens of an adult and visitor.
My visit to Tucson was nothing like I'd expected. After spending several days exploring the city, I was surprised by how much I loved it, and I'm already booking my next flight back.
The opportunities for exploring the outdoors were abundant.
I loved riding the Sabino Canyon Crawler.
Molly Allen
Although my parents instilled a love for the outdoors in me as a child, it wasn't common for us to head out and explore nearby trails.
Fortunately, over the past few years, Tucson has added many more accessible hiking trails, easily connecting visitors and locals to nature in just about any direction from the city's core.
I found myself especially impressed by Sabino Canyon, which I remember visiting several times as a kid. Years later, I'm impressed that the robust recreation area offers something for everyone.
The canyon has a paved main path, excellent for runners and walkers, and an unpaved trail for those seeking a more difficult hike.
For those with mobility issues or who simply want a leisurely way to see the landscape, the Sabino Canyon Crawler is a wonderful option. The electric shuttle travels up through the canyon, and passengers can listen to a narration about local wildlife while they ride.
Visitors can ride the shuttle up and back down the entire way or choose their own level of adventure. I loved that I could get off at the top and walk back to the visitor center to see parts of the canyon up close.
I'm still thinking about all the good food I ate.
I loved experiencing the food and history at El Charro Café.
Molly Allen
In an episode of Anthony Bourdain's "No Reservations," the chef visits El Charro Café. Established in 1922, the family-run spot is known as the oldest operating Mexican restaurant in the United States.
The restaurant is still located in an old house and carries on its tradition of making carne seca — a dish featuring beef that has been dried on the rooftop in the desert sun before being shredded and simmered with tomatoes, onions, and chilies.
Growing up, I'd never visited El Charro Café. I'm grateful I went now, as I loved experiencing the taste of history that lives on in this beautiful building.
Another food highlight on my trip was stopping for a baguette at Barrio Bread, which makes use of heirloom, drought-tolerant grains grown in the Sonoran Desert.
I also encountered incredible tableside-made guacamole at almost every Tucson restaurant I visited.
The coffee scene is something special.
Exo Roast Co. blew me away with its decor and coffee.
Molly Allen
Tucson has a pretty impressive collection of local coffee roasters, which means my trip had no shortage of great beverages.
I had no complaints about my visits to Caffe Luce and Yellow Brick Coffee, but my visit to Exo Roast Co. was truly the standout.
According to its website, Exo collaborates with small producers in Mexico and roasts its beans on-site. I visited its Simpson St. location and immediately loved the charm of the space.
The late-1800s adobe-style building houses a sunny courtyard with plenty of lively plants, with historic details inside, including exposed wooden-beam ceilings and stunning terracotta-hued tiled floors.
I loved sipping an orange-cardamom latte and eating the flakiest croissant while enjoying the community feel of this space.
I found comfort in driving up Mt. Lemmon for sunset.
Mt. Lemmon is on the north side of Tucson.
Molly Allen
For two summers, I worked at a scout camp on Mt. Lemmon — the highest point of the Santa Catalina Mountains that tower over Tucson on its north side.
Although I loved my experience as a camp counselor and the people I met, I didn't have as much appreciation for this geological wonder as I do now.
The sunsets I experienced during my visit were just as spectacular as I remembered. Taking a drive on my last night in Tucson and stopping at a mountain viewpoint to take in the color show with the city below was a highlight of the trip.
Visiting Saguaro National Park was much more enjoyable as an adult.
Saguaro National Park is divided by the city.
Molly Allen
Saguaro National Park is uniquely split up into two sections, with the city of Tucson in the center.
While planning this visit, it dawned on me that I had attended elementary school just five minutes from Saguaro National Park East.
We had driven through the park almost daily, or I had ridden the bus past countless collections of saguaros, a cactus species.
I didn't realize how special that was as a child, but exploring the park as an adult gave me a better appreciation for the landscape of the Sonoran Desert where I grew up.
A Gen X single mom (source not pictured) said working two remote jobs simultaneously has helped her feel financially secure.
Alistair Berg/Getty Images
A Gen X woman is on track to earn nearly $300,000 this year across two full-time remote jobs.
However, one of her managers asked her to move from Arizona to Texas and work from the office.
She's looking for a new remote role to maintain her high earnings and overemployment.
Working two remote jobs simultaneously helped Kelly buy a home and support her children. But one employer's return-to-office push is threatening her "overemployed" lifestyle.
In 2020, Kelly was working remotely as an engineer for a NASA contractor but felt her salary was insufficient to afford a home she desired in the Los Angeles area. To boost her income, she took on a part-time remote job with another NASA contractor — and didn't tell either employer she was juggling two jobs. When the part-time role ended six months later, she'd grown used to having the additional income, so she started another remote role.
"Having two remote jobs that were nearly full-time was a lifestyle that I missed," said Kelly, whose identity was verified byBusiness Insider but who asked to use a pseudonym, citing a fear of professional repercussions.
This year, Kelly is on track to earn nearly $300,000 secretly working two full-time remote jobs, roughly doubling her income from when she worked one job. The additional income helped her buy a home in Arizona — where she relocated to in 2021 — and, as a single mom, it's helped her financiallysupport her adult children. What's more, she said she generally works no more than 40 hours a week across the two roles.
But one of her managers has asked her to relocate to Texas and work from the office a few days a week.If she quits, her income will be cut in half. She saidshe'll do whatever she can to continue juggling two jobs.
"I've been in a situation where I'm tight on money, and I just don't want to be in that situation again," said Kelly, who's in her late 40s.
Kelly is among the Americans who have secretly juggled multiple remote jobs recently to boost their earnings. Over the past two years, BI has interviewed more than two dozen overemployed workers who've used their extra income to afford expensive vacations and weight-loss drugs. To be sure, holding multiple jobs without employer approval could have professional repercussions and lead to burnout. However, many job jugglers have told BI that the financial benefits have generally outweighed the downsides and risks.
Looking for a job while delaying RTO
Even before her employer asked her to move to Texas, Kelly faced some obstacles in her overemployed journey.
In 2023, a couple of years after her part-time role ended, Kelly accepted a new full-time contract position that she worked in addition to her full-time, remote job. However, the new role required her to work in the office a few days a week. She said it was very difficult to juggle both roles, particularly when she worked from the office.
"Every time I had a NASA meeting, I would get in my car, sit in the scorching Arizona sun, use my NASA laptop, and connect to my personal hot spot on my phone," she said. "After I got home from my local job, I would stay up late to complete my NASA work."
After six months, Kelly said she left the hybrid job and began looking for a second remote role. In late 2023, she connected with a company that she thought was hiring for positions in Arizona. However, she learned the company was based in Texas and wanted employees who could work from a Texas office a couple of days a week. When the company offered her the job, she declined the offer.
A couple of weeks later, Kelly said the manager for the position she declined called her and said she'd be allowed to work remotely. The manager pushed her to commit to relocating after a year but Kelly said she never agreed to those conditions. She accepted the updated offer and, for the first time, began juggling two full-time remote jobs.
However, over the past year, Kelly has been moved to a different contract within the company and reports to a different manager. She said this manager wants her to move to Texas, using a relocation package that expires in a few months. She said some coworkers have also been asked to move.
Kelly has been traveling to Texas occasionally for the job, but she said she doesn't want to move there. She likes Arizona, prefers beingremote, and can't juggle two full-time jobs from an office.
"It just limits me when I'm sitting in an office, someone's over my shoulder," she said.
For now, Kelly said her plan is to look for a new remote role — or a hybrid position based in her area — and not tell her manager that she won't be moving. She said she's interviewing for a few roles.
However, remote roles can be hard to get. Some companies have called workers back to the office at least a few days a week, and the share of hybrid and remote job postings has fallen in recent years from pandemic-era highs.
Kelly said she's not sure what will happen if she continues to delay her move. If she loses the job, she said she'd be able to rely on the income from her other role — which pays more than $100,000 annually — while she continues her job search.
While balancing two jobs can be stressful, she said she's learned how to make it work. She records meetings she doesn't have time to focus on and takes vacations from one job on the rare occasion she has to travel for the other.
"My friends and family always think I'm crazy for doing all of this, but it's kind of like an adrenaline rush and it makes me stay busy," she said.
Do you have a story to share about secretly working multiple jobs or discovering an employee is doing so? Contact this reporter at [email protected] or Signal at jzinkula.29.
Goldman Sachs mentioned diversity just 3 times in this year's report.
It said its "aspirational hiring goals" will expire this year without saying if it would set new goals.
The firm's CEO, David Solomon, pointed to the political landscape under the Trump administration.
Goldman Sachs tamped down the diversity language in its annual report as DEI efforts come under fire from the Trump adminitration.
The bank also said "aspirational hiring goals" it set five years ago expire this year without saying whether it planned to set new goals.
Goldman's 2024 annual report, filed with the Securities and Exchange Commission on Thursday, referenced diversity relating to human capital just three times, versus 14 in the 2023 report and 16 times in the 2022 report. The Wall Street bank also eliminated a section of the report previously titled "Diversity and Inclusion," its hiring breakdown by race and gender and its diverse hiring goals by race and gender.
Earlier this year, Goldman dropped a policy requiring companies its advises on IPOs to have at least two women directors.
Goldman isn't alone. The $11 trillion asset manager BlackRock this week also cut mentions of its "three pillar DEI strategy" in its annual report, as well as a breakout of its employee demographics by race and gender. It also amended the metrics used to determine borrowing costs for a $4.4 billion credit facility which was previously tied to its efficacy in boosting internal DEI targets.
The changes come as President Trump cracks down on DEI. In January, he invoked directed the Department of Justice to investigate DEI policies, prohibiting private organizations from instituting such initiatives in employment practices related to federal contracts.
In a statement, Goldman CEO David Solomon cited changes to the law.
"We have made certain adjustments to reflect developments in the law in the US," he said. "Our people are a powerful example of that and that's why we will continue to focus on the importance of attracting and retaining diverse, exceptional talent."
Goldman said in the report that it still believes in a diverse workforce and would "continue to develop programs consistent with our fundamental commitment to inclusive merit-based promotion and compliance with the law."
The bank's 2023 report set goals to hire of 50% women analysts and associates, 11% Black professionals and 14% Hispanic/Latinx professionals in the Americas, and 9% Black professionals in the UK.
In 2023, it also broke down its workforce by race and gender, saying its analyst and associate hires included 49% women professionals, 9% Black professionals and 13% Hispanic/Latinx professionals in the Americas, and 15% Black professionals in the UK.
Also gone are mentions of Historically Black Colleges and Universities, or HBCUs. In the 2023 report, Goldman said it would seek to double the number of campus hires in the US recruited from HBCUs in 2025 relative to 2020.What's more, a breakdown of the firm's aspirational goals for diverse hiring is also missing.
For Goldman, DEI has historically been framed as a business imperative. In its 2022 annual report, the firm stated that "diversity at all levels" was "essential to our sustainability" and cited efforts to increase representation among women and underrepresented groups. At the time, the firm touted stats, such as one where it said approximately 57% of Goldman's board was diverse by race, gender, or sexual orientation.
Even so, its track record on DEI has come under fire for other reasons. Last year, reporting from The Wall Street Journal found that numerous senior women at the bank felt it hadn't done enough to support their career prospects or advancement, and was still heavily male-dominated.
Reed Alexander is a reporter for Business Insider. He can be reached via email at [email protected], or SMS/the encrypted app Signal at (561) 247-5758.
GOP leaders moved to set up a DOGE subcommittee led by Republican Rep. Marjorie Taylor Greene of Georgia. Lawmakers established DOGE caucuses in both chambers to serve as the focal point for legislation, and in the House, it was even bipartisan. "If this is where that conversation is going to happen," Democratic Rep. Jared Moskowitz of Florida told BI at the time, "I'm happy to be at the table."
Two months later, it's clear that Congress is not where the most consequential DOGE conversations are happening, or where key decisions are being made.
Instead, even Republicans who broadly support DOGE's mission have been left watching from the sidelines as Musk's team has shuttered entire agencies, frozen federal funds, and asserted control over the federal workforce, spurring a flurry of lawsuits and fears of a constitutional crisis along the way. At the same time, those same lawmakers are still bearing the brunt of the public outcry over DOGE cuts, with some now public suggesting that the effort should slow down.
Rep. Blake Moore of Utah, one of the three GOP co-chairs of the House DOGE caucus, recalled on Tuesday feeling "very encouraged" when Musk visited the Capitol in December, when lawmakers took the microphones in a subterranean auditorium to offer up the variety of ideas that they'd spent years developing around government efficiency and eliminating waste.
"There was just very much an interest in taking and collecting input for stuff that we've already been working on," Moore told BI. "I want to see more of that."
Musk's shock and awe campaign across the federal bureaucracy has made parallel efforts in Congress feel quaint. Later on Tuesday, a handful of members of the House DOGE caucus held a "DOGE Day" press conference, where they highlighted various bills aimed at clamping down on government waste. When it was time for questions, those lawmakers weren't asked about any of those bills — they were instead pressed over the cuts that Musk's team has already been making.
Rep. Aaron Bean of Florida, another co-chair, told reporters that the "uncomfort factor" for members of Congress came from the speed of it all.
"A lot of members of Congress haven't seen this speed," Bean said. "But I can tell you, it has to be done."
Republicans on Capitol Hill have continued to assert that they remain behind the steering wheel when it comes to the flow of federal funds and the structure of the federal bureaucracy, even as they're increasingly in the back seat. Others blame the perennially slow pace of congressional legislating.
"Congress will have its time," Rep. Greg Murphy, a North Carolina Republican who's in the DOGE caucus, told BI. "But as slow as Congress moves, and as difficult as it is to get 535 opinions, this is one thing where the executive branch has come in."
Some argue that the administration's moves to withhold congressionally approved funding and fire thousands of workers merely constitute a "review," and that Congress will have the final say. Others, such as Republican Rep. Michael Cloud of Texas, say their main concern is the longevity of the executive actions driven by President Donald Trump and Musk.
"We've got to codify what President Trump is doing," Cloud, a member of both the DOGE caucus and the DOGE subcommittee, told BI. "Otherwise, it's just a great blip on the radar."
Sen. Rand Paul is urging the administration to send a rescission bill to Congress, arguing that it would be "messier" to attempt impoundment, which would "likely be challenged in court" and take some time to resolve.
"Rescission won't be challenged in any way," the Kentucky Republican told BI. "It's a much cleaner way of doing it."
Congress played second fiddle to DOGE yet again on Wednesday, when Greene's DOGE subcommittee held a hearing centered on the United States Agency for International Development, or USAID. Over the course of nearly two hours of testimony and questioning, few of the panel's Republican members acknowledged the elephant in the room — that the agency is already shuttered and nonfunctional.
After the hearing, Greene insisted that Congress remained at the forefront of DOGE.
"We're actually filling our role here on the DOGE subcommittee," Green said, "looking into the waste, fraud, and abuse, making our recommendations, and hopefully putting that into legislative actions."
Oscar nominee Mikey Madison says getting cast in "Anora" marked a turning point in her life.
Madison and Baker spoke to BI about how she landed the title role playing the feisty sex worker.
Baker also recalled what it was like to be on set for Madison's infamous scream during the home invasion scene.
To an outsider, Mikey Madison's ascendance to Hollywood It Girl might seem sudden. But for the 25-year-old actor, the road to mainstream acclaim and an Oscar nomination has felt like a long, slow climb.
"It's funny, I have to say it doesn't feel rapid at all," Madison told Business Insider. "I mean, I've been acting for almost 10 years now, and at times it's been so incredibly slow."
Before her Oscar-nominated leading role in Sean Baker's "Anora," Madison had a small but dedicated fanbase, thanks to her breakthrough role playing Pamela Adlon's eldest daughter in the FX series "Better Things" and scene-stealing appearances as a Manson follower in Quentin Tarantino's "Once Upon a Time… in Hollywood" and a particularly sassy Ghostface in the 2022 "Scream" sequel.
Playing the titular sex worker in "Anora" catapulted Madison — and Baker, a longtime indie darling virtually unrecognized on the awards circuit prior to this year — into the mainstream conversation.
Mikey Madison in "Anora."
Neon
When BI spoke to Madison in October, just before the film's theatrical release, the actor was coming to terms with the fact that the project she had deeply immersed herself in would now be released for public consumption.
"I was very in my character's mindset. I wasn't necessarily thinking from an audience's perspective of this is going to possibly be in movie theaters and things like that," Madison said. "I was just focused on telling the story. And I'm glad that I was, because I wouldn't have wanted to have that in my head."
Madison's laser focus on her craft is part of what compelled Baker to cast her in his movie. The filmmaker was so captivated by Madison after seeing her in "Scream" that he immediately met with her, pitched her his general idea for "Anora," and then offered to write the part for her if she agreed to do it.
"I didn't have a word on paper yet. I started writing after she accepted," Baker told BI.
Madison played Amber in "Scream."
Paramount Pictures
"He's told me he liked how I scream," Madison recalled of her initial conversations with Baker. "I think also it was just an intensity that he was interested in."
For Madison, saying yes, even without a script, was a no-brainer — she'd long admired Baker's work and counts "Tangerine" as one of her favorite films. She was particularly attracted to Baker's penchant for bringing morally grey characters to life in vivid color.
"Those are the characters that I love to play: Nobody is just good. Nobody is just bad. It's somewhere in between," Madison said.
"I've dreamed of working with a filmmaker like Sean for my entire career as an actress," she added.
Indeed, Anora is a deeply complex character, one who's frequently inscrutable even in the film's Rorschach test of an ending. One of Madison's biggest scenes, and the crux of the film, is a home invasion sequence in which Anora is restrained and held captive by the handlers of her new husband Vanya, the wayward son of a Russian oligarch, after they arrive to bust up the pair's ill-fated marriage.
The scene, shot in real time, involved many hours of Madison emitting an ear-piercing scream.
Madison in "Anora."
NEON
"That scream was bone-chilling, and it echoed throughout the entire mansion. And you had members of the crew working in other places of the house, and they didn't know what was going on," Baker told BI. "And to tell you the truth, it was actually quite disturbing for a lot of people. They had to cover their ears after a while, because it was so intense."
"I think she told me after maybe a few hours, 'I'm going to lose my voice if I keep going on like this,'" he said.
That quite literally full-throated commitment to the role, which also required twerking and shadowing real sex workers to learn the ins and outs of stripping, has paid off. Madison was nominated by most of the major awards organizations for her work in "Anora," winning the lead actress category in several of them, including the BAFTAs and the Independent Spirit Awards.
Madison in "Anora."
NEON
Most Oscar season pundits anticipate the trophy on Hollywood's biggest night will go to either Madison or Demi Moore for "The Substance." But whether she wins or loses, Madison knows that the movie — and Baker — have changed her life forever.
"'Once Upon a Time… in Hollywood' was my sort of introduction into the film world. It reminded me of why I wanted to be an actress," Madison said. "But I do feel that Sean seeing me and seeing any potential, or whatever it was that he saw, and giving me this opportunity to play a character like Anora — I think that that's been a huge turning point in my life."
Emma Bates is the CEO of Diem, and Alphonzo Terrell is the CEO of Spill.
Elena Mudd; Courtesy of Spill
Social startups like Diem and Spill are tapping users as investors.
Both are using WeFunder, a platform where everyday people can invest in early-stage startups.
Users who invest in the companies also receive special perks.
Some early adopters of new social-media apps are getting more than just bragging rights.
Two early-stage social startups are opening up investment rounds to include the users of their apps (and other everyday investors). Diem, a social search platform powered by AI, launched its community round in February and is scheduled to close in May. And Spill, a visual conversation app centered on culture, founded by ex-Twitter employees, will launch its own community crowdfund in March.
"We've always wanted the community to be able to own a piece of the product," Diem CEO Emma Bates told Business Insider.
Both platforms are using WeFunder, an equity crowdfunding tool that is compliant with SEC regulations. WeFunder has been used by startups like fintech Mercury and app developer platform Replit to raise millions.
"What we have is a tool that allows you to let a larger number of smaller checks into the deal," said Read Ezell, director of fundraising at WeFunder.
Like angel syndicates, where angel investors pool their own money, community investors on WeFunder are represented by a single lead investor and receive a single line on a startup's cap table (a breakdown of who owns how much of a given company).
Diem's round allows users to invest starting at $100, while Spill is setting its entry point at $250.
Often, crowdfunding rounds listed on WeFunder accompany venture capital investment rounds.
"It's not a signal that you can't raise money," Ezell said. "It's a signal that you have another way to raise money."
For instance, Diem's community round is an allocation of its Seed Plus investment round, which closed with venture capital partners in June. One of those VCs, Charles Hudson (a managing partner at Precursor Ventures), is the lead investor for the WeFunder syndicate of community investors. That means Diem's WeFunder round offers community investors the same terms that Hudson invested on.
Diem and Spill have each raised over $5 million in venture capital, per the companies.
Ezell said crowdfunding can be "intuitive" for some social startups and consumer-facing businesses.
"For us, it just made sense," said Spill CEO Alphonzo Terrell, adding that users were asking to invest when the platform was still nascent. "We're a community-driven product and for a community that frankly doesn't get billed for in social media and also typically doesn't get access to these types of opportunities to be a part of an early-stage tech platform."
Since it launched, Spill has centered Black, Brown, and LGBTQ+ communities on the app. Diem advertises its app as being for "girls, women, and gender-expansive people."
While Spill and Diem are inviting users to invest in the company at an early stage, other larger networks like Reddit have tapped users as investors. When Reddit was preparing to go public in 2024, it offered some power users priority access to buy stock at the IPO price.
What app users get in return
By investing in startups like Diem or Spill via WeFunder, users are entering a simple agreement for future equity (SAFE). In other words, if the startup goes public in the future, the users would be guaranteed stock. If the startup is acquired, community investors also receive returns.
For early-stage startups, seeing those returns could take a while. And there's the risk a startup won't successfully make an exit.
"The reality is that it's risky, but also the reality is that most investments are under $1,000 on WeFunder," Ezell said.
Beyond equity, Diem and Spill are also offering different perks for their community investors — clout being one of them. For instance, Spill will add "investor profile badges" to app users who participate in the round, as well as access to new features, exclusive events, and first-looks at company updates.
Diem is offering similar perks for investors that can be unlocked at different investment tiers. People who invest more than $250 can gain access to Diem events, for example, while people who invest more than $1,000 also receive company merch. (Investment perks are listed on the WeFunder investment terms.)
Investing in the future of social media
The current moment in social media is also fueling these startups' decisions to crowdfund. From Meta's changing policies to TikTok's uncertain future, many social-media users have been seeking alternative platforms.
"A lot of people are interested in supporting the next generation of tools that help us stay informed and connected," Terrell said. "Clearly, there's a desire for something different, something much better, and we think people who are participating in this round are going to be key voices and partners for us in that."
Diem and Spill aren't the first social platforms to use WeFunder, either. In 2023, Substack used WeFunder to raise $7.8 million from more than 6,000 participants. Then, in 2024, Beehiiv, another newsletter platform, raised $1 million from over 800 participants.
"From day one, we have always looked to our users to determine what we needed to build," Beehiiv's CEO Tyler Denk said. "They're a huge part of the success we've experienced, and I wanted to ensure they had an opportunity to share the upside with us as we build this thing."
Other startups, like Fanbase, a social network focused on creator monetization, have used StartEngine, another startup crowdfunding platform.
The author was embarrassed by her daughter's behavior at school toward other kids.
Courtesy of Leah Hope Photography
My daughter exhibited "mean girl" behavior that led to a meeting with the school dean.
Embarrassed and upset by her behavior, I feared for her future relationships.
I had to remind myself that we should continue to model empathetic behavior at home.
My stomach turned when the school dean called my husband and me into a conference to discuss our first-grade daughter's behavior with another classmate.
In the meeting, we learned our daughter consistently left her classmate out of group activities. For example, every time the girl went to sit with our daughter at lunch, our daughter got up and sat at another table.
Saddened by this behavior, my husband and I reflected on our parenting. Hadn't we emphasized kindness in our home and modeled empathy? How often did we tell our daughter about times we experienced bullying as kids — that it hurt our feelings and left a lasting impact? Our daughter seemed touched by these heart-to-hearts, but her behaviors proved otherwise at school.
It was embarrassing for our daughter to act catty toward her classmate, and it was a good reminder that while I can influence her behavior, I cannot control it.
Children are their own persons, shaped by a combination of factors
Of course, my husband and I felt embarrassed and humbled by our daughter's choices. While we laugh at Regina George's character in "Mean Girls," we don't want to raise a mean girl.
Aware that my reaction was fear-based, I turned to some simple truths to gain a better perspective. By nature, they are egotistical, Jillian Amodio, a licensed social worker, told Business Insider. "It's a survival skill but a frustrating one at times when they exhibit behaviors we deem "unacceptable, inappropriate, or socially crippling," Amodio said.
Further, children "don't have a perspective of the long game," said Patty Johnson, a clinical psychologist. "Their ability to plan, organize, and follow through is short-sighted, whereas we parents tend to predict far into the future of our children's lives. If they have a tiff at school with another student, the child may be focused on the incident that occurred, while parents may worry about how their child may get along in life, make friends, and find a partner that will tolerate their unruly behavior."
I struggled not to see my daughter's behavior as a character flaw instead of what it was — an immature person learning to navigate a difficult relationship. If adults are prone to struggle in relationships — and our brains are much more mature — then how can we expect children to get it right every time?
This was a good reminder that my daughter's catty behavior didn't necessarily reflect my parenting or who she would grow up to be.
I give room for her to talk to me about things that happen
"But it wasn't just me!" my daughter defended. "I got up because another girl said, 'Let's sit over there!'"
While my daughter's behavior was unkind and inexcusable, the more I peeled back the layers, the more I found that her view of what happened was complex and tangled in her other relationships at school. She isn't a natural-born leader and often takes her cues from others. As we discussed her behavior, I found she usually reacted and modeled it off her peers.
Continuing conversation at home helped my daughter change her attitude toward the girl she was being catty to. When she found ways to include her in school activities, my husband and I cheered and celebrated her thoughtfulness. If they had a misunderstanding, she felt safe bringing it to me or my husband so we could discuss it. That girl made the top of her guest list when my daughter's birthday party arrived.
Even though my initial reaction was embarrassment and fear, ultimately, I learned to release that and provide my daughter with a safe place to process this relationship's intricacy. While it was a tough situation, it helped us set a better foundation of parent-child trust and communication and, I hope, grace for each other.
Khan submitted an average day of eating to BI's Nutrition Clinic, where registered nutritionists and dietitians offer advice on readers' diets.
Khan, who lives in Florida, said he was an avid gym-goer and martial artist in his 20s. Currently, twice a week he does 1.5 hours of calisthenics and strength training, mostly compound lifts. He also tries to walk between 3,000 and 10,000 steps a day.
"I'm a software engineer, so I'm sitting at a desk most of the day," Khan said. "I'm also taking classes toward a Master's degree, which cuts into time I would use for working out or getting in extra steps."
He tries to get at least six to seven hours of sleep each night but occasionally gets less.
Jamie Wright, a registered nutritionist and personal trainer, told BI that Khan focusing on whole foods, protein, and gut-healthy nutrients means he is already ticking a lot of boxes.
Every meal Khan eats contains protein
Khan said he's never followed fad diets but he has "teetered between very healthy and unhealthy eating periods."
He has a family history of high cholesterol and has previously had issues with critically low levels of vitamin D, so now takes supplements.
"I'm trying to follow a few strict meals for my diet but continue to be a little flexible every day," he said.
On an average day, Khan eats:
Breakfast: hot oatmeal with banana, chia seeds, collagen powder, creatine, protein powder, and kefir
Lunch: seasoned and baked chicken thigh and drumstick with mixed vegetables
Snack: two hard-boiled eggs and mixed beans
Dinner: salmon with mixed vegetables and beans
Justin eats oatmeal for breakfast.
Justin Khan
Option 1: Follow a small calorie deficit to lose fat and maintain muscle
The first of the two approaches Wright recommended Khan could take to hit his goals was creating a sustainable calorie deficit to lose body fat. Reaching his goal of 15% body fat should be achievable without a severe, prolonged deficit, Wright said.
"He is already eating a well-balanced diet so that means he won't need to make any drastic changes, but rather optimizing his intake to ensure he maintains muscle while gradually losing fat," Wright said.
It can take some trial and error to work out how many calories to eat. But Wright recommended trying to keep them as high as possible, then cutting portion sizes slightly or making simple food swaps, like replacing chicken thighs with breasts, which are leaner, if needed.
Khan eats chicken thighs and drumsticks for lunch.
Justin Khan
There is a significant difference between 3,000 and 10,000 steps, so aiming for the higher end of that range could help with fat loss, Wright said.
He also recommended Khan assess how much protein he eats and aim for roughly two grams of protein per kilogram of body weight daily (the International Society of Sports Nutrition recommendation for people who exercise) to help him maintain his muscle.
"Maintaining a moderate but consistent calorie deficit rather than an aggressive one will allow for better adherence and help prevent excessive muscle loss," Wright said.
"I'd also recommend that Justin is firm with his goal and isn't tempted to go beyond his initial 15% mark (especially given his history of more restrictive diets that have ultimately backfired).
"He may wish to explore a 'reverse dieting' strategy at that stage to gradually increase his food intake over time while aiming to mitigate any significant changes in his body fat levels."
Option 2: A 'lean bulk' to build muscle
Khan could alternatively take the approach of eating in a slight calorie surplus, or taking in more energy than his body uses to maintain his weight and lifestyle. This will help him build muscle while minimizing fat gain, known as a "lean bulk."
Wright recommended gradually eating more food but no more than 300 to 500 calories a day above what he needs to maintain his physique.
Khan's snack of beans and eggs provides a lot of protein.
Justin Khan
Wright said to focus on eating nutrient-dense whole foods, plenty of protein, and more carbs to fuel his workouts.
"Since he is only lifting twice a week, adding a third session, even if it is a shorter one, could help drive more muscle growth," Wright said.
It's smart to monitor your body composition when lean bulking: If you gain excess fat, dropping your calories or upping your energy expenditure, for example by walking, can help, Wright said.
Sleep helps muscles grow
Both strategies are effective, it's simply a case of whether Khan wants to prioritize fat loss first or muscle gain.
Whatever approach Khan takes, he would likely benefit from sleeping for closer to 7.5 hours a night to help with muscle repair and energy levels, Wright said.
Khan's dinner contains both protein and fiber
Justin Khan
"If he starts with weight loss, he can eventually transition to a muscle-building phase by gradually increasing calories while monitoring body composition," Wright said. "If he chooses to build muscle first, he will need to accept that some fat gain is likely, but keeping his surplus controlled will help keep it to a minimum."
While it isn't impossible to build muscle and lose fat simultaneously, it can be difficult, especially for people who've been strength training for some time. This is why people often go through phases of "bulking" and "cutting."
Having a flexible diet (regardless of approach) should help Khan stick to his lifestyle sustainably and build a healthy relationship with food, Wright said.
"Squid Game," pictured, is one of Netflix's most popular series, and could reel in former subscribers.
No Ju-han / Netflix
Data suggests Netflix is likelier than rivals to win back subscribers after they cancel.
Antenna found that 61% of subscribers who canceled in 2023 returned to the service within a year.
Netflix also has an unrivaled churn rate within the industry.
For Netflix, a canceled subscription doesn't necessarily spell disaster. In fact, the service will probably get the subscriber back — and quickly.
Data from the analytics company Antenna provided to Business Insider indicates that within six months of canceling in 2023, 50% of subscribers rejoined the streamer. Within a year, 61% of subscribers were back on the platform.
That means Netflix's '"win-back curve" was steeper than the weighted average of its competitors.
All told, Antenna — which analyzed nine streaming services, including Apple TV+, Disney+, Hulu, and Max — found that 34% of US subscribers who canceled a service in 2023 returned to that service within six months, and 45% returned within a year.
Antenna measured win-back data for its annual "State of Subscriptions" report by looking at US cancellations initiated in 2023, excluding free tiers. The company used data from millions of transaction records, weighted to be representative of the US population.
Netflix declined to comment.
In addition to winning back subscribers, the streamer bests its rivals when it comes to churn rate, or the monthly rate of people who cancel a subscription.
Susan McIntyre and Jodie Whittaker, who plays her in Netflix's "Toxic Town."
James Stack/Netflix
Netflix's drama "Toxic Town" is about the mothers of children in the UK poisoned by their environment.
'Doctor Who' actor Jodie Whittaker leads the show.
Much of the series revolves around one of the mothers, Susan McIntyre, played by Whitaker.
Netflix's true crime drama "Toxic Town" tells the story of children born with disabilities after they were poisoned by toxic waste in their British town.
The four-part series, which premieres on Thursday, examines how Corby Council reclaimed the nearby steelworks between 1984 to 1999, causing atmospheric toxic waste to blow through areas of the town. Pregnant women unknowingly inhaled a mix of chemicals, leading to birth defects.
The show centers on Susan McIntyre (Jodie Whittaker), who seeks justice for her son Connor, who was born with a deformed hand.
Over several decades, McIntyre and several other parents took the council to court and proved that it covered up the potentially harmful effects of the toxic waste.
Here's what to know about the real McIntyre.
Susan McIntyre campaigned for years to get justice for her son
Susan McIntyre in an interview with Netflix
Netflix/YouTube
McIntyre, 56, moved to Corby from Scotland when she was three years old. Despite being 200 miles away in the East Midlands, Corby has a large Scottish community because people moved south when the Glasgow-based company Stewarts & Lloyds built a steelworks there in the 1930s.
In an interview published in The Times of London on February 9, McIntyre said she previously worked at some of the factories located around Corby, and was a single mother to her sons, Daniel and Connor McIntyre.
She said she had a difficult pregnancy with Connor, who was born in 1996.
"Everything went wrong, from pre-eclampsia to gestational diabetes. I was in hospital for about five weeks up until when I had him," she said.
Connor was born without fingers on his left hand and had 20 corrective surgeries as a child. Once McIntyre became aware that Corby Council was responsible for the toxic waste that caused birth defects in numerous children, she started campaigning for justice.
She said: "The Sunday Times came to my door, and said, 'We think there's some problem in Corby with children born with deformities, could we tell your story?' That was the start of it, and then it never stopped."
McIntyre has spoken to the press a number of times to raise awareness of the legal battle and how her son's disability has affected his life. In the 2020 BBC documentary, "Toxic Town: The Corby Poisonings," she explained that he was severely bullied because of his hand.
She said: "He just didn't get peace from these children, he got bullied that much he would break down and cry and say 'Mum I don't want to go out because people are looking at my hand.
"He started biting his hand, tried to cut it off. But I think it was a cry for help. All Connor wanted to be a normal kid, to be a man and get on with his life. But nobody ever gave him a chance."
McIntyre and several other mothers involved in the case worked with Netflix on "Toxic Town," and they met with actors Whittaker and Aimee Lou Wood regarding the series.
Corby Council settled with the group for £14.6 million
The group of mothers and their children took legal action against Corby Council with the help of the lawyer Des Collins (Rory Kinnear) and the case was overseen by Mr Justice Akenhead of the High Court.
In a 2009 hearing, Akenhead ruled that there was a "statistically significant" number of birth defects in Corby, and found the council "liable in public nuisance, negligence, and breach of statutory duty."
In 2010, the council reached a settlement of £14.6 million with the group.
After the settlement was announced, Chris Mallender, Corby Council's chief executive, said: "The council recognizes that it made mistakes in its clean-up of the former British Steel site years ago and extends its deepest sympathy to the children and their families.
"Although I accept that money cannot properly compensate these young people for their disabilities and for all that they have suffered to date and their problems in the future, the council sincerely hopes that this apology coupled with the agreement will mean they can now put their legal battle behind them and proceed with their lives with a greater degree of financial certainty."
Hello there! Feeling nostalgic about those old Taco Bell/Pizza Hut combo restaurants? Well, there's a new dynamic duo in the neighborhood: Applebee's and IHOP. We got to try out their first hybrid restaurant in the US, which is hoping to appeal to young diners.
The economic growth spurt some were hoping for with the new administration is coming up short.
President Donald Trump's second term promised tax cuts, deregulation, and an environment that would get an economy firing on all cylinders. But investors and economic experts are raising concerns about a slowdown this year.
The market is also indicating something's amiss, as the 10-year US Treasury yield has dipped recently.
That's a key benchmark of DOGE's success — lower yield means lower lending costs for consumers — but it's not dropping for the reasons DOGE wants, writes Business Insider's Matthew Fox. The group's cost-cutting efforts are actually further muddying the economic outlook, according to some, leading yields to drop as investors look for a safe haven.
Dutta highlighted two things that have kept the economy humming — consumer and government spending — showing signs of strain.
To Dutta's point, a trio of economic data released last Friday on consumer sentiment and housing indicated all was not well, which led stocks to have their worst day of the year.
He's not alone in his concerns. Last week, hedge fund billionaire Steve Cohen listed several factors — tariffs, less immigration, and cuts to government spending — for why he was "actually pretty negative for the first time in a while" on the economy's growth potential and where the markets are headed.
The Point72 founder said he expects a "significant correction."
Truist chief market strategist Keith Lerner is also treading carefully. Just six weeks after talking about a buy-the-dip opportunity, Lerner downgraded US equities for the first time in years from attractive to neutral.
Andrew Harnik/Getty Images
Predictions of an economic dropoff predated DOGE and the administration.
Before the election, the International Monetary Fund forecast that the US economy's growth would ease up in 2025. And as we're less than two months into Trump's second term, a lot is subject to change.
But in the short term, DOGE's intent to clean up government waste could be speeding up the economy's slowdown. Morgan Stanley chief investment officer highlighted DOGE (in addition to tariffs and immigration) as "potential growth headwinds."
All this might sound counterintuitive. Wouldn't reducing the government's massive deficit be good for the economy? Billionaire Ray Dalio said rising debt could lead to a financial "heart attack" if not addressed.
But Cohen said the cost cutting is like a shock to the system.
"When that money's been coursing through the economy over many years and now potentially it will be reduced or stopped in many ways, it has to be negative for the economy," he said.
News brief
The Supreme Court just handed the Trump administration a win on USAID.
1. Bitcoin turns bearish. The crypto token has taken a tumble — down as much as 13% from its January high — and has officially entered bear territory. Tuesday was a real drag, with bitcoin ETF investors pulling over $1.1 billion. Between policy promises falling short and last week's $1.5 billion hack of crypto-exchange Bybit, confidence in bitcoins and altcoins has faltered. The volatility takes its toll, with crypto addiction becoming a growing concern.
2. Goldman takes the Lone Star state. Southern hospitality, an open-door culture, box seats at Mavericks games — these are just some of the highlights of working at Goldman Sachs' Dallas office, according to five employees who spoke to BI. And more perks are on the horizon with Goldman planning a new Dallas campus with rooftop gardens, childcare, and more.
3. Elliott Management founder Paul Singer doesn't have fun at work. The man behind the $72 billion fund knows how to have a good time: He likes skiing, snowmobiling, and playing the keyboard. At the office, though, Singer is all work and no play, preparing for risks at every turn. In a recent interview, Singer spoke about the stresses of running a firm and his concerns about the market, but he's in it for the long haul.
3 things in tech
I-Hwa Cheng/AFP/Getty Images
1. Nvidia shrugs off DeepSeek concerns with a strong earnings beat. The chip giant reported revenue of $39.33 billion, beating Wall Street's estimates by more than $1 billion. On the earnings call, Nvidia's CFO said that demand for Blackwell chips also exceeded expectations — and the stock rose in after-hours trading. CEO Jensen Huang said that AI models like DeepSeek's R1 need 100 times more compute, on the call.
2. Is having Palantir on your résumé the golden ticket for tech hires? CEO Alex Karp seems to think so. BI spoke with six technical recruiting specialists to find out if this was the case. Some weren't so sure, saying the industry prefers strong results over credentials. Palantir may also still struggle with brand recognition, and its culture could be a turn-off for those hiring.
3. Amazon's AI-powered Alexa+ is finally here. After slow progress, the tech giant unveiled its long-awaited voice assistant on Wednesday. Panos Panay, Amazon's senior vice president of devices and services, said the upgraded Alexa can invent bedtime stories, offer recipes, and book reservations through partner companies. Here's what to expect — and how much it'll cost.
3 things in business
Pascal Le Segretain/amfAR/Getty Images for amfAR
1. Model Karolina Kurkova and her husband are at war with an exclusive private island club. In a lawsuit, the model and her real-estate broker husband are alleging Fisher Island Club's board of directors threatened them and wrongfully expelled them from the club, harming their reputation and causing them millions of dollars in damages. The private island that's just south of Miami Beach is home to multiple billionaires and high-profile celebrities. The Fisher Island Club denies the lawsuit's allegations as baseless and believes the complaint "is nothing more than disgruntled former members."
2. Jeff Bezos has an opinion on the opinion page. The Washington Post owner announced sweeping changes to the paper's opinion section in a note to staff and shared on X. The paper's op-eds must support "free markets" and "personal liberties," he said. As part of the overhaul, the opinions editor, David Shipley, has stepped down. While newspaper ownership often sets the tone for op-eds, the note is Bezos' latest controversial move after over a year of internal turmoil.
3. There will be winners and losers as the new Trump administration rewrites how business is regulated. Crypto firms including Coinbase and Robinhood have already benefited. Meanwhile, some legal experts predict an uptick in traditional securities cases and a continuation of the Biden DOJ's aggressive antitrust enforcement in cases against Apple, Google, Meta, Amazon, and Ticketmaster.
In other news
Michelle Trachtenberg, 'Buffy the Vampire Slayer' and 'Harriet the Spy' star, dead at 39: reports.
The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Ella Hopkins, associate editor, in London. Hallam Bullock, senior editor, in London. Amanda Yen, associate editor, in New York. Elizabeth Casolo, fellow, in Chicago.
Since living in the UK, I've visited lots of European destinations, like Lake Como, Italy.
Indy DC
I live in the UK and love booking trips to nearby European destinations.
I've visited Santorini five times and still can't get enough of the Greek island's beauty.
I was impressed by Saint-Tropez, the small French beach town that oozes luxury.
About a decade ago, I moved from California to London. Since living in the UK, I've been fortunate to visit other European countries a handful of times each year.
I've since visited 20 different countries across the continent, including Spain, Croatia, and many others.
Though I've seen a lot of great places, there are a few that really stand out. Here are the five European cities and regions I can't wait to return to.
I've been lucky enough to visit Santorini, Greece, five times, and I still can't get enough.
I was charmed by the incredible landscapes and buildings in Santorini.
Indy DC
Santorini, part of Greece's Cyclades Islands, is known for its blue-domed white buildings, striking azure waters, and impressive volcanic caldera — but under the surface, there's so much more to this charming town.
When I visited Santorini, I was blown away by the genuinely kind and generous nature of everyone we met, from our jovial taxi driver to the shopkeeper serving us delicious gyros. We truly felt like the people we met treated guests like family. Upon arriving at the Perivolas Hotel, the concierge even greeted us with a warm hug.
I loved spending the day relaxing in the pool overlooking the dramatic landscape and watching the picturesque sunsets in Oia, a small village in the north of the island. Walking through the brightly lit, winding cobblestone alleys, I fell in love with Santorini's soft charm.
My first and only visit to Dubrovnik, Croatia, still shines in my memory.
I highly recommend taking a boat tour while in Dubrovnik.
Indy DC
Dubrovnik, known as one of the filming locations for "Game of Thrones," is a hidden gem for anyone with a sense of adventure and a love for glittering-blue waters.
Walking the Walls of Dubrovnik surrounding the historic Old Town is a must-do for first-time visitors. Climbing the stone steps will definitely raise your heart rate, but it's completely worth the view of the distinctive red roofs just beyond the horizon line.
For the absolute best views, take the cable car up to the Panorama Restaurant and Bar. From the top, you can see the entire city, plus the marina and nearby islands.
During my visit, I also loved taking a boat tour to the nearby Elaphiti Islands to swim in the stunning lagoons and explore the Blue Cave, a cavern filled with beautiful colors on Kolocep Island.
My two trips to Lake Como, Italy, have left me craving more.
The mountain views in Lake Como were absolutely stunning.
Indy DC
If you've ever seen Lake Como on your Instagram feed, you'll be happy to know that it's even better in reality. I've visited twice, staying in Tremezzo and Bellagio, both situated near the fork of the iconic Y-shaped Italian lake.
In my opinion, it's simply impossible to have anything but a spectacular time in Lake Como. Highlights for me included the magnificent views of the villas along the lake (best seen on a boat tour) and jumping off a platform into the water.
I also enjoyed pasta and wine while soaking in the majestic mountain views at sunset, and romantic strolls along the stony paths through the area's manicured gardens.
I can't wait to return to the stunning coastline in Saint-Tropez, France.
During my visit, I grabbed cocktails at Jardin Tropezina, a restaurant in Saint-Tropez.
Indy DC
I always thought Saint-Tropez was only for the ultra-rich and fancy, so I was surprised at how approachable and welcoming I found the city.
Don't get me wrong — the small beach town oozes luxury. I saw designer shops and supercars on nearly every small street, as well as a Dior store where patrons can browse the merchandise and eat in a café. However, if shopping isn't on your agenda, there's still plenty to do in Saint-Tropez.
Spending the day at the pool or beach, followed by cocktails at Jardin Tropezina (a Mediterranean restaurant right on the sand), was my favorite way to enjoy the warm weather.
A visit to Saint-Tropez is a special way to dip your toes into the iconic French Riviera.
Thinking about my trips to Granada, Spain, makes me want to plan another visit soon.
Granada is filled with historical landmarks and beautiful buildings.
Emily Marie Wilson/Shutterstock
Granada, Spain, holds a special place in my heart as one of the first European destinations I visited on my own. I was charmed by the city's unique blend of old and new attractions.
I experienced the modern, buzzy vibes at the bars and restaurants along Calle Reyes Católicos, and soaked in the history of the stunning Alhambra, a palace and fortress built under the Nasrid dynasty. Each time I've visited, I've been amazed at the intricate detail of the Islamic architecture on the walls and ceilings and in the courtyards.
In my experience, Granada's city center was also more walkable and affordable than I expected it to be. The Moroccan shops in Alcaicería, a market street, were full of hidden treasures I haven't found in most Spanish cities.
The 2025 Mercedes-Benz GLC 350e Plug-in Hybrid SUV.
Benjamin Zhang/Business Insider
The Mercedes-Benz GLC350e is a new plug-in hybrid variant of the brand's GLC compact luxury SUV.
I recently drove a 2025 GLC350e and was impressed by its powertrain, fancy cabin, and great tech.
The GLC is the second best-selling model in the Mercedes-Benz lineup.
The Mercedes-Benz GLC is one of the most popular compact luxury SUVs and the brand's second-best-selling model in the US.
I recently had the chance to spend a week driving a 2025 GLC350e 4-Matic around the streets of Atlanta. I was impressed by the Merc's PHEV drivetrain, luxurious cabin, and comprehensive suite of comfort, convenience, and safety tech.
The base rear-wheel-drive version of the GLC starts at $49,250, while the range-topping, high-performance version starts at $86,050. The PHEV variant starts at $59,900.
Here are 12 features that show why it's a great luxury SUV with the benefit of an extended EV range.
Handsome looks
The 2025 Mercedes-Benz GLC350e Plug-in Hybrid SUV.
Benjamin Zhang/Business Insider
The GLC's front and rear facia incorporate the latest look of Mercedes' C-Class sedans, evolving the overall shape that made the first-generation variant so popular with consumers.
The highlight of the new looks is the large mesh front grille comprised of small three-pointed starts surrounding the large Mercedes-Benz emblem in the center.
My test car came with the AMG package, which includes attractive black, 20-inch multispoke wheels and perforated brake discs.
Overall, the second-gen GLC is longer, lower, and boasts a slightly wider track than the vehicle it replaced. It's also more aerodynamic, with a 0.29 drag coefficient.
Plug-in hybrid power
The GLC350e's turbocharged four-cylinder engine.
Benjamin Zhang/Business Insider
The 350e is powered by a 2.0-liter, turbocharged, inline four-cylinder engine producing 201 horsepower and 236 lb-ft of torque. It's paired with a 134-horsepower electric drive motor to produce 313 horsepower and 406 lb-ft of torque in total system output.
Power gets to the pavement through a nine-speed automatic transmission and Mercedes's 4Matic all-wheel-drive system.
The GLC PHEV is good for 25 MPG of fuel economy in combined driving when using just the internal combustion engine. Factor in the hybrid system, fuel economy increases to 64 MPGe, according to the EPA.
Good electric range
The 2025 Mercedes-Benz GLC 350e Plug-in Hybrid SUV.
Benjamin Zhang/Business Insider
The GLC has 54 miles of all-electric range thanks to its 23.3 kWh battery pack.
According to Mercedes, the 350e can charge from 10% to 80% in 20 minutes using a DC fast charger at a rate of 60 kW. With a standard household level-2 plug, the GLC can charge from 10% to full in under three hours.
Refined driving experience
The GLC's front seats.
Benjamin Zhang/Business Insider
The overall driving experience was pleasant and civilized.
The steering was precise and well-weighted, and the front coil suspension and rear air suspension combined to deliver a soft and smooth ride.
With the ICE and electric drive systems operating in harmony, the 350e felt smooth and effortlessly powerful. While I did detect some hesitation when switching between various EV, hybrid, and ICE driving modes, the hybrid system was fairly seamless in operation.
Despite its 313 horsepower and 406 lb ft. of torque, the PHEV GLC wasn't any quicker than the standard GLC 300, which has 255 horsepower under its hood.
That's because the GLC hybrid carries an additional 1,000 lbs of heft.
Stylish cabin
The 2025 GLC's front dash.
Benjamin Zhang/Business Insider
The GLC shares much of its cabin design with the current C-Class sedan and the new CLE Coupe and Cabriolet.
That's a good thing because it looks terrific. The interior blends modern tech and design like the metal weave center console, massive LED displays, and LED ambient lighting with callbacks to classic Mercedes-Benz design with the vintage turbine design air vents and fine wood trim.
The only real complaint I have, and one that I have with most modern Mercedes cabins, is the touch controls, which look great but can be fussy and imprecise to use while driving.
Comfortable seats
The GLC's brown and black leather front seats.
Benjamin Zhang/Business Insider
The GLC's 16-way power front seats, which are heated and ventilated, were very comfortable.
The sienna brown and black seats were upholstered in a material called MB-Tex, which does a fair approximation of real leather.
Stylish Digital Cockpit
The GLC's steering wheel and configurable digital instrument display.
Benjamin Zhang/Business Insider
In front of the driver is a stylish, leather-wrapped, heated AMG flat-bottom steering wheel.
The 12.3-inch configurable instrument display can be tailored to the needs of the driver with different designs focused on assistance features, the navigation system, and even off-road driving.
Excellent infotainment tech
The GLC's 11.9-inch infotainment screen.
Benjamin Zhang/Business Insider
The focal point of the GLC's center stack is a large 11.9-inch infotainment touchscreen. The screen is equipped with the third-generation Mercedes-Benz User Experience infotainment system, which is pretty well sorted at this point. It's responsive and easy to navigate, and the graphics look terrific. The system's overeager voice assistance is also far less intrusive than in past iterations.
The system's built-in navigation maps look spectacular, and the image quality of the GLC's surround-view cameras is equally impressive.
My test car came with the Guard 360 system, which uses the GLC's surround-view camera system to actively monitor the SUV and take time-stamped images of events such as collision damage when parked.
Burmester stereo
The GLC's Burmester audio system.
Benjamin Zhang/Business Insider
The optional 710-watt, 15-speaker Burmester 3D audio system sounds crisp and powerful. The system's metallic speaker covers also look fantastic.
Off-road mode
The GLC's off-road menu.
Benjamin Zhang/Business Insider
Among the 350e's various drive modes is an off-road mode that allows the PHEV to tackle rough terrain using only its electric drivetrain.
The GLC can also be had with a "transparent hood" feature that allows the driver to see through the hood at what's under and immediately in front of the vehicle when driving off-road.
Panoramic glass roof
The GLC panoramic glass roof.
Benjamin Zhang/Business Insider
The Mercedes Panorama roof, a $1,500 option, floods the cabin with natural light with minimal effect on headroom.
Safety tech
The 2025 Mercedes-Benz GLC 350e Plug-in Hybrid SUV.
Benjamin Zhang/Business Insider
The GLC comes standard with a host of safety tech, including adaptive high beam assist, blind spot assist, and active parking assist.
However, you'll need to pay for the $1,950 Driver Assistance Package to get Mercedes' outstanding Distronic adaptive cruise control, evasive steering assist, and other high-tech features.
Walid Berrazeg/SOPA Images/LightRocket via Getty Images
Supermicro filed annual financial reports late after an accounting dispute with ex-auditor EY.
EY dropped Supermicro as a client after raising concerns about its internal financial governance.
Supermicro said that after it replaced EY with another accounting firm, no issues were found.
Supermicro, the AI server manufacturer and Nvidia partner, has met the deadline for a late filing of its annual financial reports, and is blaming its former auditor EY for the delay.
The tech company, which does business as Supermicro, filed its overdue 10-K annual filing for fiscal 2024 and the first two quarterly reports for fiscal 2025 on Tuesday with the Securities and Exchange Commission.
The filings came months late, putting Supermicro at risk of being delisted from the Nasdaq 100 for failing to meet compliance requirements. The company was granted an extension by Nasdaq in December.
"The Company is now current with its SEC financial reporting obligations," Supermicro said in a press release.
In an explanatory note included in the filing, Supermicro blamed its previous auditor, EY, for the delay, saying that the reports were late "due to EY's stated concerns and subsequent resignation."
According to the filing, the Big Four firm dropped Supermicro as a client in October 2024 after raising concerns to the board in July about the governance and transparency of the company's financial reporting and the integrity of its senior management.
In August 2024, Hindenburg Research, a now-defunct US short-seller, said it found "glaring accounting red flags" in Supermicro's financial practices. Hindenburg's report cited "evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues."
"We disagreed with EY's decision to resign as our independent registered public accounting firm for a number of reasons," Supermicro said in the filing.
Its reasons included that a number of audit procedures were left incomplete when EY stepped down and that a special committee set up to investigate concerns was still conducting its review.
The server manufacturer also addressed the Hindenburg report in the filing. Supermicro denied any wrongdoing and said that the report "contained false or inaccurate statements about us, including misleading presentations of information we previously shared publicly."
Supermicro, which has a market capitalization of just over $30 billion, appointed BDO, a Belgian-headquartered firm, as its new accountant in November.
BDO found that the financial statements "present fairly, in all material respects, the financial position of the Company," according to the filings.
The special committee's review "did not give rise to any substantial concerns about the integrity of our senior management or the Audit Committee, or their commitment to ensuring that our financial statements are materially accurate," Supermicro said in the SEC filing.
EY declined to comment.
Charles Liang, founder, president, and CEO of Supermicro, called Tuesday's filings "an important milestone" for the company.
Supermicro's stock soared by more than 12% on Wednesday after it made the filing and regained compliance with Nasdaq's listing requirements.
Supermicro was an early launch partner for Nvidia, AMD, and Intel for CPUs and GPU accelerators and has since ridden the wave of AI hype to success.
The server manufacturer has seen its share price explode over recent years, climbing more than 1,000% since the start of 2022.
Supermicro's shares are up 67% to date this year. The filings show that sales more than doubled from $7.12 billion to $14.9 billion in 2024.
North Korean troops — pictured here in a state-media training image — have sustained heavy losses against Ukraine.
KCNA/via REUTERS
North Korean troops have returned to fighting alongside Russia, South Korea's spy agency said.
It also said there appears to have been a deployment of fresh troops.
Ukraine said in January that at least 3,800 North Koreans had been killed or wounded in the war.
North Korean troops have returned to fighting alongside Russia, South Korea's spy agency said, following reports of earlier heavy losses.
"Following about a monthlong lull, North Korean troops were placed back in the frontline region of Kursk starting in the first week of February," South Korea's National Intelligence Service said in a note to the press seen by South Korean news agency Yonhap.
"It appears that there has been a deployment of additional troops, but their size is still being examined," the intelligence agency said.
The note came after South Korean newspaper The JoongAng cited unnamed sources as saying that Russian cargo ships and military aircraft had transported between 1,000 and 3,000 additional North Korean troops sometime in January or February.
Business Insider was unable to independently verify the claim.
Last fall, Western and South Korean intelligence agencies said that Pyongyang had sent around 11,000-12,000 troops to fight in Kursk, the Russian region under partial occupation by Ukraine.
Russia was estimated to be paying around $2,000 a month per soldier, though the soldiers themselves are unlikely to see much of that.
Dmytro Ponomarenko, Ukraine's ambassador to South Korea, told Voice of America in November that Pyongyang would likely maintain a presence of up to 15,000 troops in the war, rotating soldiers every two to three months.
He said this could mean 100,000 North Korean troops cycling in and out of combat within a year.
"This is almost certainly primarily due to heavy losses sustained during attacks against Ukrainian-held positions," it said.
Pyongyang has sent some of its best units to Russia — special forces including members of its elite 11th Corps, also known as the "Storm Corps," considered to be committed and hardened fighters.
According to the Kyiv Independent, Russia has, in recent days, ramped up its attacks in Kursk. The region is considered a key negotiating chip in any coming peace talks between Ukraine and Russia.
Salesforce CEO Marc Benioff took aim at massive AI investments.
Eric Risberg/ AP Images
Salesforce CEO Marc Benioff questioned whether Big Tech's AI investments are delivering results.
Salesforce is focusing on AI integration, not building costly data centers, Benioff said Wednesday.
The company reported fourth-quarter revenue of $9.99 billion, missing consensus estimates.
Salesforce CEO Marc Benioff has berated Big Tech peers for their spending on AI and data centers, questioning whether companies like Microsoft are seeing real returns on their massive investments.
Benioff said Wednesday that Salesforce isn't investing in projects that would suck up the company's cash but wouldn't guarantee big returns.
"We aren't building huge $10 million, $20 million, $30 million, $100 billion data centers," Benioff said during Salesforce's earnings call. "We're not doing some of these kind of engineering efforts that may or may not have some kind of huge payoff, but is going to take down all of our cash and all of our margin for the next several years."
Instead, Benioff said the company is "augmenting" its existing product line with AI and taking advantage of "incredible" infrastructure investments by others to deliver on what he has called the "digital labor revolution."
Amazon is leading the way, planning to allocate over $100 billion in capital expenditures this year, up from $77 billion in 2024. The vast majority will be spent on expanding Amazon Web Services and scaling AI infrastructure, the company said earlier this month.
Microsoft, which Benioff singled out by name on the earnings call, plans to spend $80 billion on AI-related infrastructure this year.
The Salesforce CEO isn't convinced by Microsoft's AI-powered workplace tools, describing the company as the "reseller of OpenAI" and questioning the company's agentic AI offering.
"Where on their side are they delivering agents? Where in their company have they done this? Where are they at best practice?" Benioff said, adding, "Do they have humans and agents working together to create customer success? Are they re-balancing their workforce with humans and agents?"
It's not the first time that Benioff has publicly taken shots at Microsoft.
Last year, he openly mocked Microsoft's AI assistant, Copilot, on multiple occasions, calling it "disappointing" and comparing it to Clippy, Microsoft's discontinued animated paperclip assistant.
Microsoft's chief communications officer, Frank X. Shaw, said in a LinkedIn post last month that "Marc has no idea what he's talking about" and suggested that Benioff's anti-Microsoft comments were part of a marketing strategy.
Meanwhile, Benioff is pushing Salesforce's own rival agentic AI offering.
"Our goal is to be the number one provider of digital labor in the world," he said during the earnings call. "That's it. I don't think there really is another goal."
Salesforce reported fourth-quarter revenue of $9.99 billion, missing a consensus estimate of $10.04 billion.
Its shares fell by 5% in extended trading after the company forecasted fiscal 2026 revenue below Wall Street expectations.
Microsoft did not immediately respond to a Business Insider request for comment.
Universal basic income provides recurring cash payments with no strings attached.
Wong Yu Liang
AI advances could widen wealth gaps, which has prompted calls for a universal basic income.
UBI offers recurring cash payments to all adults in a population, regardless of status.
AI leaders such as Elon Musk and Sam Altman have called for a universal basic income.
Universal basic income, once a utopian ideal, has become a hot topic among AI leaders.
It's a recurring cash payment made to all adults in a certain population, regardless of their wealth and employment status. There are no restrictions on how recipients spend their money.
As advancements in artificial intelligence technology drive economic growth, concerns are rising about whether the wealth it generates is shared equitably.
Industry leaders such as OpenAI CEO Sam Altman and AI's "godfather," Geoffrey Hinton, have warned about AI's potential to eliminate jobs — and subsequentlywiden the wealth gap between the haves and the have-nots. They, along with other tech leaders, are advocates of universal basic income as an antidote.
The concept of countries implementing universal basic income has shifted in recent years from a niche topic within tech circles to a mainstream conversation, thanks in part to the former presidential candidate Andrew Yang, who made UBI a central part of his platform in 2020.
Yang campaigned on what he called the "Freedom Dividend," monthly $1,000 payments with no strings attached to all American adults. The idea was met with skepticism, and Yang's candidacy quickly fizzled. After the success of pandemic-era stimulus checks, though, and now the rise of AI, the idea has gained new traction.
Guaranteed basic income, which is similar to UBI but targets specific groups of people for a set period of time, has been piloted over 100 times across the country. The United States has basic income programs in 16 states, along with Washington, DC, thatgive residents cash — no strings attached.
The movement toward basic income programs is not without its critics. Some argue the programs could disincentivize recipients to work or even encourage them to spend frivolously. Some say the expenses of basic income programs could lead to higher taxes or local government budget cuts.
For now, though, AI leaders say it's the best option to mitigate the adverse economic impacts the technology could have. Here's what some of the major AI figures are saying about UBI.
Sam Altman
OpenAI CEO Sam Altman has called for a universal basic income as AI threatens jobs.
Microsoft
Altman has long been a vocal proponent of universal basic income.
In July, the results of Altman'suniversal basic income study were published. The study, which began in 2019, was conducted by the nonprofit research lab OpenResearch, and OpenAI contributed $60 million to it — $14 million of which was Altman's own money.
The study distributed payments to 3,000 urban, suburban, and rural residents of Texas and Illinois, all of whom had annualincomes below $28,000. One-third received $1,000 a month for three years, while the rest received $50 a month.
The study found that those who received the $1,000 payments increased their overall spending by an average of $310 a month, but most of that spending went toward food, rent, and transportation.
"We do see significant reductions in stress, mental distress, and food insecurity during the first year, but those effects fade out by the second and third years of the program," the report said, adding: "Cash alone cannot address challenges such as chronic health conditions, lack of childcare, or the high cost of housing."
But that's not Altman's only UBI endeavor. He also has a futuristic cryptocurrency startup called Worldcoin, which aims to build the largest encrypted identity network in the world by scanning people's irises with a baseball-sized orb. One way this technology could be implemented, its founders say, is to underpin the network that lets it collect UBI.
As OpenAI continues to build more capable foundation models, Altman has also suggested that rationing their computational resources across individuals might be more economically efficient than distributing cash. Altman has floated the idea of a "universal basic compute" in which people would get a "slice" of the computational resources of the company's large language models that they could use however they liked.
Elon Musk
Elon Musk has championed universal basic income.
Marc Piasecki/Getty Images
Musk is achampion of UBI. The world's richest man has said that universal basic income could give people more freedom over how they use their time and money and that AI would increase the share of UBI that people could receive.
In May 2024 at the annual technology conference VivaTech, Musk said: "In a benign scenario, probably none of us will have a job. There would be universal high income. There would be no shortage of goods and services. The question will really be one of meaning: If a computer can do, and the robots can do, everything better than you, does your life have meaning? I do think there's perhaps still a role for humans in that we may give AI meaning."
Vinod Khosla
The venture capitalist Vinod Khosla said that "UBI could become crucial" as AI reduces the need for human labor.
"As AI reduces the need for human labor, UBI could become crucial, with governments playing a key role in regulating AI's impact and ensuring equitable wealth distribution," Khosla wrote in a post on the website for Khosla Ventures, his firm, in September 2024.
Unlike the internet or mobile phones, which have assisted human workers, he wrote that AI "amplifies and multiplies the human brain much as the advent of steam engines and motors amplified muscle power." In other words, he suggests humans will be too slow and expensive to contribute meaningfully to the labor force in the age of AI.
Dario Amodei
Anthropic CEO Dario Amodei said in an essay that universal basic income will "only be a small part of a solution."
Anthropic
Amodei, the CEO of Anthropic, has said UBI is the least that can be done to mitigate the effects of AI.
"Civilization has successfully navigated major economic shifts in the past: from hunter-gathering to farming, farming to feudalism, and feudalism to industrialism. I suspect that some new and stranger thing will be needed, and that it's something no one today has done a good job of envisioning. It could be as simple as a large universal basic income for everyone, although I suspect that will only be a small part of a solution," he wrote in an essay on his personal blog in October 2024.
In Amodei's opinion, AI will alter our world in such a fundamental way that we'll need to think about a more comprehensive solution to inequality.
Andrew Yang
Andrew Yang famously ran for president on a UBI platform.
Hollis Johnson/Business Insider
Even before AI took the world by storm, Yang, an entrepreneur and lobbyist, was a proponent of universal basic income. He advocated giving all Americans a $2,000 monthly stipend for the duration of the pandemic.
In Yang's interview with Business Insider in June 2020, a few months after he dropped his presidential campaign, Yang said he was "very confident that universal basic income was the future of our country."
Geoffrey Hinton
AI's "godfather," Geoffrey Hinton, has warned about AI leading to job losses and advised governments to explore UBI.