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Goldman Sachs is starting to cash in on its tech investments

Goldman Sachs CEO Lloyd Blankfein has often referred to his firm as a "tech company."

Now, we're starting to see what he means by that.

On Thursday, the banking behemoth announced a new initiative designed to make the lives of junior investment bankers easier — by letting technology do more of the work for them.

More value-add

Investment banking has become a less attractive option for bright, young college graduates in recent years.


Why Facebook is rightly concerned about ad blockers (FB)

In its latest quarterly filing, Facebook updated its "Risk Factors" section to call out a specific new threat: ad blockers.

That makes perfect sense. As this chart from Statista shows, all of Facebook's revenue growth since the company went public in early 2012 has come from a single source, mobile advertising. Desktop revenue is flat or declining, and payments hasn't really started to kick in yet. So if ad blockers really take off, Facebook could find itself in a world of hurt.


Meg Whitman was having such a rough time getting employees to say the company's new name that she put out this video

Earlier this week, HP began life as two separate companies. One of those companies is calling itself HP Inc. The other is calling itself Hewlett Packard Enterprise, or HPE.

Given that for decades the world has used "HP" to refer to "Hewlett Packard," everyone wants to call that new company "HP Enterprise," even most of its 200,000-ish employees.

But that won't do, the execs at that company say. They insist that employees (and preferably the world) use the full "Hewlett Packard Enterprise." If the seven syllable name just won't roll off your tongue, you've been given their blessing to use the stock symbol, HPE. But for goodness sake, do not call them HP Enterprise. 

(Interestingly, internally for the last year, top execs have been referring to the two different companies as "I" for HP Inc. and "E" for HPE.)


Nobody on the internet can figure out what this mystery machine is — can you?

A machine has been found in a field in Arizona, and nobody seems to be able to tell what it actually does.

The 1000-pound machine was discovered by road workers in September, and brought back to the Mesa, Arizona transportation department, according to Atlas Obscura. The department tried for weeks to identify what it is, but they weren’t able to, and are now asking the public for help.

Here are some clues:

It is made of solid steel. It has metal tags that say, “Set bottom of scale to top punch entry,” “Upper punch penetration,” and "tablet thickness." It has wheels with numbers engraved in them. It appears to be custom made.

Executives are freaking out that a simple app could come in and destroy their businesses

Could a simple app enter your industry and destroy your business model? Executives in the C-suite are being forced to answer that question on a daily basis. 

In a new IBM report, "Redefining Boundaries: Insights from the Global C-suite Study," C-suite executives cited "Uberization" — when technology is used to cut out the middleman and turns a common task into an on-demand product or service — as a primary competitive threat.

Conducted by IBM's Institute for Business Value, the report reveals that C-level execs are worried about the risk of new technologies coming on the scene and disrupting their business models. To combat that issue, "they are placing greater priority on cognitive capabilities than market followers," the study says. 


LinkedIn CEO Jeff Weiner says most people never ask themselves a question that's vital to career success

Since becoming the CEO of LinkedIn in 2009, Jeff Weiner has developed a reputation as one of the United States' top executives. It's not only for helping take LinkedIn to a market cap of $32 billion, but for his oracle-like management insight.

In a recent interview with Oprah Winfrey, where they discussed the media mogul's career and OWN cable network, Weiner made an aside to explain that he's found most people never ask themselves a vital question.


The 44 most powerful people in the world, according to Forbes

For the third year in a row, the world's most powerful person retains the top spot in Forbes' annual ranking of 74 candidates including, heads of state, financiers, philanthropists and entrepreneurs.

In order to compile the list, Forbes measured candidates along four dimensions including, power over people, financial resources, power within multiple spheres, and active use of power. 

Here's the 44 most powerful people, and here's the full list:

44. Michael Bloomberg, CEO of Bloomberg

Net worth: $40.7 billion

Age: 73

Citizenship: United States

Source:


Here are 58 tech startups that are on track to become Britain’s next billion dollar companies

A group backed by a team that wants to support the UK’s most promising high-growth technology companies has invited 58 tech startups to be part of an elite club.

Silicon Valley Comes To the UK (SVC2UK), an organisation set up by LinkedIn cofounder Reed Hoffman, former LinkedIn VP of corporate strategy Ellen Levy, and LoveFilm investor Sherry Coutu, chose the companies based on their potential to grow into huge tech corporations.

The "Scale Up Club," designed to encourage "high-impact entrepreneurship," is for companies that could hit £100 million in revenue in the next three to five years.

The companies in the 2015 intake span a variety of industries, from artificial intelligence and drones, to flower delivery services and consumer hardware.

Newcomers that were added include computer building kit provider Kano, on demand cleaning service Hassle and micro computer developer Raspberry Pi.


Intuit's CFO explains how to build cloud-based software customers actually want to use

If you file your taxes electronically, operate a small business, or track your personal expenses through a web-based application, there is a good chance you have come into contact with at least one of Intuit's products.

The $27 billion software giant is responsible for some of the best-known finance tools in the world. Among its core products are QuickBooks, TurboTax, and Mint.

Over the past decade, Intuit has transformed from a desktop-based software company to a cloud-based software-as-a-service (SaaS) platform focused on small business and personal-finance users.

Business Insider spoke with Intuit's CFO, Neil Williams, about the company's move to the cloud, its hyper-focus on mobile accessibility, why it decided in August to sell its former flagship product Quicken, and its plans going forward.

Business Insider: Why did Intuit decide to sell Quicken to a third party?


Android Wear is even less popular than the Apple Watch (GOOG)

According to data from Google Play (compiled by The Overspill), there are just 1.9 million Android Wear devices in use today, up from 1.2 million in February 2015. This figure is far behind the Apple Watch which has seen sales of around seven million since its launch in April. 

Every Android Wear device needs the associated app on an Android phone to function and so tracking downloads of the Wear app indicates how many watches have been sold and are in use.