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Billy The “beehive thing is” the 15-story structure by Thomas Heatherwick that stands amid the glinting cliffs of Hudson Yards . Mr. Porter had visited on opening night, and was keen to explore Forty Five Ten, a fashion boutique based in Dallas that has been described by Business of Fashion as the “millennial generation’s answer to Barneys.” Standing beneath Mr. Heatherwick’s creation an hour later, Mr. Porter frowned at the zigzag of stairs. “It looks very Star Trek,” he said. He was wearing a white shirt with a deconstructed collar by Trina Turk and a pair of black Commes des Garçons pants decorated with red and white horizontal stripes that fell just below the knee. “I don’t know what you call them — culottes or drop-crotch,” he said, as he walked into the shopping center to a chorus of cheers from passing fans. There were, it seemed, a lot of them. By the escalator, a dapper gentleman with oversize sunglasses and a crescent moon mustache introduced … [Read more...] about Billy Porter Cat-Walks His Way Through Hudson Yards

No clear path on helping banks U.S. banking regulators gave investors a lot to chew on yesterday. The Federal Reserve went ahead with a quarter-point increase in interest rates, signaling that, for now, it remained more worried about inflation than banking stability. But while Jerome Powell, the central bank’s chair, and Treasury Secretary Janet Yellen said that they were focused on ways to improve regulation of the banking industry, Ms. Yellen appeared to backtrack on the prospect of extending insurance on deposits. That lack of clarity unnerved investors yesterday, sending shares in smaller banks tumbling, as they worried about what’s next. The Fed acknowledged that it may finally stop raising rates — “may” being the operative word, Mr. Powell said. Though officials forecast one more rate increase this year, that’s not set in stone. In some ways, Mr. Powell added, the turmoil hitting lenders now is effectively substituting for additional rate increases . How the … [Read more...] about Markets Struggle to Decide Where Banking Rules Go From Here

Photo-Illustration: Intelligencer; Photo: Getty Images OpenAI entered the Silicon Valley stratosphere last year with the release of two AI products, the image-generator DALLE-2 and the chatbot ChatGPT . (The company recently unveiled GPT-4 , which can ace most standardized tests, among other improvements on its predecessor.) Sam Altman, OpenAI’s co-founder, has become a public face of the AI revolution, alternately evangelical and circumspect about the potent force he has helped unleash on the world. In the latest episode of On With Kara Swisher , Swisher speaks with Altman about the many possibilities and pitfalls of his nascent field, focusing on some of the key questions around it. Among them: How do we best to regulate a technology even its founders don’t fully understand? And who gets the enormous sums of money at stake? Altman has lofty ideas for how generative AI could transform society. But as Swisher observes, he sounds like the starry-eyed tech founders she … [Read more...] about Sam Altman on What Makes Him ‘Super Nervous’ About AI

0 Schools This fast-changing technology will upend course assignments, be deployed as a 24/7 tutor, and change the way we think about knowledge work. Bea Karnes , Patch Staff Posted Reply Press release from UC Berkeley News: BERKELEY, CA — It passed the bar exam, first with a mediocre score and then with a ranking among the top tier of newly minted lawyers. It scored better than 90% of SAT takers. It nearly aced the verbal section of the GRE — though it has room for improvement with AP Composition. In the months since the machine-learning interface ChatGPT debuted, hundreds of headlines and hot-takes have whirled about how artificial intelligence will overhaul everything from health care and business to legal affairs and shopping. But when it comes to higher education, reviews have been more mixed, a blend of upbeat and uneasy. Many have forecast the “death of the college essay,” though it’s still very much … [Read more...] about From Tort Law To Cheating, What Is ChatGPT’s Future In Higher Education: UC Berkeley

A change of messenger at Goldman Sachs For nearly a decade, Jake Siewert led Goldman Sachs ’s post-crisis efforts to shed its image as one of Wall Street’s most mysterious, and maligned, money machines. We’re the first to report that he plans to announce his departure later today. Mr. Siewert joined Goldman as its communications chief in 2012, bringing both political connections — he was a top aide to Tim Geithner when he was Treasury secretary, and spent eight years in the Clinton administration, including as White House press secretary — and experience as a senior executive at Alcoa. (Mr. Siewert’s wife, Christine Anderson, is the global head of external relations at Blackstone.) He did not have an easy job: The day after his hiring was announced, a former Goldman banker published a now-famous Op-Ed, “ Why I Am Leaving Goldman Sachs ,” accusing the firm of fostering a “toxic and destructive” environment. As he departs, disgruntled junior bankers at the firm have … [Read more...] about Goldman Sachs’s Top Image Maker Is Leaving

One of the saddest architectural sights on the blocks near San Francisco’s Civic Center is the backside of 1455 Market Street . The ground floor is coated in speckled beige concrete that looks as if it was patterned by pushing giant egg cartons into wet cement. The walls above are the same concrete, but here the facade shifts to a ribbed corduroy finish that’s not necessarily an improvement. The stubby, 16-story tower atop the five-story base has a certain blunt rigor. The scene along Market Street does its best to be inviting, no easy task within two blocks of misery-filled United Nations Plaza. Overall, though, it’s hard to imagine why anyone would want to work here — and no surprise that the tech firms that briefly made this a coveted address have packed or are packing their bags. Once again in San Francisco, as in all cities, the underlying power of place is reasserting itself. Or to put it in real estate terms: location, location, location. I visited 1455 Market … [Read more...] about From tech hub to empty husk: How S.F. building shows city’s latest cycle of boom to bust