In other news, Wall Street's rising stars share lessons learned from their mistakes, experts warn about the financial advice on TikTok, and New York's top VCs are highlighted. The Great Social Media Splintering could produce a healthier online environment, Las Vegas' newest venue, The Sphere, features the world's largest LED screen, and former president Donald Trump appeared in court to defend himself in a $250 million fraud trial.
Key takeaways:
- Amazon is overhauling its search bar with ChatGPT-like features, offering expert answers and product suggestions in a project dubbed Project Nile.
- Project Nile is Amazon's most significant push into leveraging generative AI, aiming to improve the consumer experience and drive traffic and sales.
- There are concerns about how third-party sellers will try to game the new search bar, potential legal risks for Amazon, and what this means for Alexa.
- Other news includes lessons learned from young Wall Street executives, the performance of stocks in September, the top VCs in New York, and the shift towards smaller online social media circles.