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It's March Madness time — and we mean business

Mar 21, 2024 - businessinsider.com
The Insider Today newsletter discusses a variety of topics, including Nvidia's new chip, Goldman Sachs' response to criticism about its lack of female leaders, Reddit's public listing, and the impact of AI on the economy. The newsletter also introduces a March Madness-style bracket for readers to vote on the most important trends in business, tech, and innovation. The bracket includes topics such as the AI race, interest rates, US-China relations, the US presidential election, the future of social media, and the streaming wars.

In other news, the Federal Reserve has paused interest rate hikes, UBS has mapped out potential election outcomes' impact on stocks, and Reddit is set to list on the New York Stock Exchange. AI investments are becoming increasingly popular, leading to high prices and a scramble among venture capitalists. Microsoft has hired new leaders for its AI team, and Amazon is developing a new AI search tool. Lastly, Elon Musk's Neuralink has revealed its first human trial patient, a 29-year-old quadriplegic who has seen improvements in his life due to the brain-chip implant.

Key takeaways:

  • Insider Today has created a business-focused bracket where readers can vote on the biggest storylines in business, tech, and innovation.
  • The Federal Reserve has continued its pause on interest rate hikes, with Fed Chair Jerome Powell stating he wants more data that shows inflation moving towards 2%.
  • Reddit is set to list on the New York Stock Exchange, with its initial public offering priced at $34 a share, valuing the platform at $6.4 billion.
  • Elon Musk's Neuralink has revealed its first human trial patient, a 29-year-old quadriplegic who received a brain-chip implant in January.
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