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<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Happy Friday! The hottest company in commodities is … Costco? Building off the success of its gold bars and silver coins, the retailer started <a target="_blank" href="https://markets.businessinsider.com/news/commodities/costco-starts-selling-platinum-bars-gold-silver-retail-success-2024-10">selling 1-ounce platinum bars online for $1,090</a>.In today's big story, Google Search is going to look <a target="_blank" href="https://www.businessinsider.com/google-search-lens-ai-gemini-overviews-new-features-2024-10">a whole lot different thanks to generative AI</a>.What's on deck:<ul><li>Markets: Americans just got the legal green light <a target="_blank" href="https://markets.businessinsider.com/news/stocks/betting-us-election-cftc-kalshi-legal-battle-prediction-market-2024-10">to bet on November's election</a>.</li><li>Tech: Morgan Stanley has some brutal projections for <a target="_blank" href="https://www.businessinsider.com/amazon-could-cut-managers-save-3-billion-analysts-2024-10">Amazon managers</a>.</li><li>Business: The port strike is over — <a target="_blank" rel="noopener" href="https://www.businessinsider.com/striking-dockworkers-return-to-work-amid-ongoing-negotiations-cnn-2024-10">for now</a>.</li></ul>But first, Search will never be the same (again).If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">Searching for a new look</h2><div type="image" title="An eye with the Google logo in the iris" height="1500" width="2000" msid="113943306" hostid="261" sizebytes="452180"></div>One down. One to go.The internet's most popular tool is getting a facelift thanks to AI.Google is rolling out a series of <a target="_blank" href="https://www.businessinsider.com/google-search-lens-ai-gemini-overviews-new-features-2024-10">generative AI-powered changes to Search</a>, writes Business Insider's Hugh Langley. It shows Big Tech's continued push to leverage AI wherever possible, and the constant evolution of how people consume the internet.The biggest adjustment is to Search's layout, Hugh writes. That includes AI organizing page results into different categories, and highlighting different videos, forum links, and widgets. Goodbye, pages of blue links.According to Rhiannon Bell, the vice president of user experience for Google Search, it's a "pretty dramatic shift from where we were before."There are still a lot of caveats to the rollout — it'll only activate for recipe-related questions initially and will be featured just on mobile — but it's clearly the direction Google is taking its all-powerful tool.And yes, in case you were wondering if it was coming, Google is going to start putting ads in its AI Search results — but only when Google deems them relevant.<div type="image" title="Google's new AI-organized search results" height="566" width="872" msid="113943302" hostid="261" sizebytes="48342"></div>Search's revamp addresses a big concern for the rest of the internet.Google will include hyperlinks directly into AI Overview results, which means more traffic for websites it's sourcing information from, it says.During the initial rollout of AI Overview, a major concern was whether it marked the end of the firehose of traffic Search sends websites. Why bother going to a site if I can get the answer directly from Search?But there's a bigger question of whether people want to get to the source at all.Gen Z, which was raised on curation and aggregation, has fully bought into just getting the highlights. When it comes to a video or a story, they're heading <a target="_blank" href="https://www.businessinsider.com/gen-z-most-trusted-news-source-online-comment-sections-google-2024-6">straight to the comments to get the tea</a>.Google probably doesn't mind you staying only on its site. Remember: "<a target="_blank" href="https://www.businessinsider.com/google-search-ai-announcement-gemini-io-event-2024-5">Google will do the Googling for you</a>." And it's not wrong. One survey conducted earlier this year found 60% of people who used Google's AI search <a target="_blank" href="https://www.businessinsider.com/google-ai-search-popular-among-users-analysts-2024-6">found it more effective</a> than non-AI powered Search. (To be sure, <a target="_blank" href="https://www.businessinsider.com/search-web-email-google-streaming-online-shopping-broken-2022-4">the bar wasn't that high</a>.)But putting our faith in the robots to find the nuance in things comes with risks. I don't know about you, but I don't plan on <a target="_blank" href="https://www.businessinsider.com/google-ai-glue-pizza-i-tried-it-2024-5">adding glue to my pizza</a> anytime soon.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>Wider Middle East conflict <a target="_blank" rel="noopener" href="https://www.businessinsider.com/global-economy-israel-iran-war-oil-growth-inflation-hurricane-china-2024-10">threatens the global economy</a> — when the US and China already face headwinds, experts say.</li><li>The most valuable programming on TV is for sale. <a target="_blank" href="https://www.businessinsider.com/nfl-network-sale-paramount-youtube-espn-2024-10">Why hasn't anyone bought it</a>?</li><li>There's a catch in OpenAI's $6.6 billion funding deal that <a target="_blank" href="https://www.businessinsider.com/openai-deadline-to-become-for-profit-or-return-investor-money-2024-10">no one is talking about</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="The Wall Street bull with a stock market chart in the background" height="1000" width="2000" msid="113943299" hostid="261" sizebytes="220198"></div><ol><li>Three magic factors to keep the bull rally alive. The two-year-old bull run in stocks could last another year if these three positive catalysts fall into place, strategists at Ned Davis Research said. Continued cooling inflation is one of three factors that <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-bull-rally-fed-rate-cuts-recession-2024-10">could boost stocks 13% in the coming year</a>.</li><li>Rise and shine, Apollo employees. There's work to be done. The PE giant wants to double its assets under management in five years. To get there, the firm has some unique management tactics like <a target="_blank" href="https://www.businessinsider.com/apollo-ceo-marc-rowan-management-tactics-430-am-wakeup-call-2024-10">4:30 a.m. wake-up calls and free frozen yogurt</a>.</li><li>You can now put your money where your mouth is when it comes to November's election. Prediction market Kalshi won its legal fight with the CFTC to allow <a target="_blank" href="https://markets.businessinsider.com/news/stocks/betting-us-election-cftc-kalshi-legal-battle-prediction-market-2024-10">Americans to bet on the outcome of US elections</a>. The regulator argued allowing betting would "threaten election integrity."</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Amazon CEO Andy Jassy" height="1000" width="2000" msid="113943289" hostid="261" sizebytes="270488"></div><ol><li>Morgan Stanley projects Amazon will cut 14,000 managers. The bank's estimate, which it says <a target="_blank" href="https://www.businessinsider.com/amazon-could-cut-managers-save-3-billion-analysts-2024-10">will save the e-commerce giant $3 billion a year</a>, comes after CEO Andy Jassy said he wanted to address bureaucratic bloat. While Amazon didn't directly address the note, it said it "added a lot of managers" in recent years and that "now is the right time" to make a change.</li><li>Is the AI industry winner-takes-all or a race to the bottom? Famed investor Marc Andreessen posed the question at an AI conference in San Francisco this week. OpenAI's chief product officer rose to answer it, and (spoiler!) <a target="_blank" href="https://www.businessinsider.com/openai-rice-google-marc-andreessen-kevin-weil-2024-10">he's not worried about the tech's future</a>. In the meantime, one investor put a figure on the potential size of the AI market: <a target="_blank" href="https://www.businessinsider.com/ai-value-estimate-20-trillion-tech-wave">$20 trillion</a>.</li><li>MrBeast is now the proud owner of "LinkedIn for influencers." <a target="_blank" href="https://www.businessinsider.com/mrbeast-acquires-startup-vouch-linkedin-creator-job-board-site-platform-2024-10">The YouTube star recently acquired Vouch</a>, a social media app that assists those in the creator economy in hiring and job postings. It's the latest addition to his business-venture portfolio.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="Photo collage of Man drinking from two canned cocktails with mini umbrellas" height="1500" width="2000" msid="113943296" hostid="261" sizebytes="156996"></div><ol><li>America's getting hammered on hard seltzers. Canned alcoholic drinks were supposed to be the healthy alternative to beer: They have a beer-ish alcohol content, but a much softer impact on your gut. But now people are turning to canned margaritas and 12% ABV Cutwater spirits that leave them with <a target="_blank" href="https://www.businessinsider.com/hard-seltzer-canned-cocktail-high-abv-beer-alcohol-drinks-2024-10">more than just a light buzz</a>.</li><li>More than 45,000 port workers are suspending their strike. The strike, which threatened to snarl everything from holiday shopping to auto production lines, <a target="_blank" rel="noopener" href="https://www.businessinsider.com/striking-dockworkers-return-to-work-amid-ongoing-negotiations-cnn-2024-10">was suspended until January</a> after employers and striking dockworkers reached a tentative agreement on wages.</li><li>Office meltdown who? Though office vacancy is still high, there's a shortage of high-end, newly built space that developers are rushing to fill. America's white collar workers are still enamored with remote and hybrid work — but the data predict <a target="_blank" href="https://www.businessinsider.com/office-construction-demand-upcoming-shortage-real-estate-2024-10">an office rebound on the horizon</a>. (But one iconic NYC building <a target="_blank" href="https://www.businessinsider.com/chrysler-building-new-york-skyline-office-commercial-real-estate-collapse-2024-10">hasn't been so lucky</a>.)</li></ol><h2 id="1ad7b482-3f4b-44b4-81b6-a864aa386478">In other news</h2><ul><li>Starbucks' mobile orders are a <a target="_blank" rel="noopener" href="Starbucks' mobile orders are a challenge for its new CEO">challenge for its new CEO</a>.</li><li>OpenAI's investors include Silicon Valley's most prolific bubble-chasers. <a target="_blank" href="https://www.businessinsider.com/openai-investors-softbank-ark-tiger-global-2024-10">Is that a bad sign for the company's future</a>?</li><li>Amazon's Wondery is <a target="_blank" href="https://www.businessinsider.com/amazon-wondery-launches-toy-line-wow-in-the-world-2024-10">launching a new toy line</a> as it aims to build the next big franchises from podcasts.</li></ul><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>European Court of Justice rules on Meta's data privacy case, which could set limits on how tech companies use personal data in the EU.</li><li>US Department of Labor releases September employment data report.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Milan Sehmbi, fellow, in London. Amanda Yen, fellow, in New York.

Google Search's new AI makeover is the latest change the rest of the internet needs to navigate

The CBI carried out searches at seven locations on Monday in connection with the <keyword id="8878575" type="UNKNOWN" weightage="20" keywordseo="yes-bank-scam">Yes Bank scam</keyword> pertaining to the Rs 600 crore alleged bribe to the family of its co-founder <keyword id="128581" type="PERSON" weightage="20" keywordseo="Rana-Kapoor">Rana Kapoor</keyword> by DHFL, officials said. Teams of CBI officers are carrying out operations at the residence and official premises of the accused in Mumbai, they said. The agency has alleged that Kapoor, 62, entered into a criminal conspiracy with <keyword id="152129" type="COMPANY" weightage="20" keywordseo="Kapil-Wadhawan">Kapil Wadhawan</keyword>, DHFL promoter, for extending financial assistance to DHFL through Yes Bank in return for substantial undue benefits to himself and his family members through companies held by them, they said. According to the <keyword id="522895" type="ORGANIZATION" weightage="20" keywordseo="CBI-FIR">CBI FIR</keyword>, the scam started taking shape between April and June, 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hit Dewan Housing Finance Corporation Ltd (DHFL). In return, Wadhawan allegedly "paid kickback of Rs 600 crore" to Kapoor and family members in the form of loan to DoIT Urban Ventures (India) Pvt Ltd, they said. See also: <a href="https://www.businessinsider.in/finance/news/finance-minister-assures-employment-and-salary-at-yes-bank-at-least-for-one-year/articleshow/74514015.cms">Finance Minister assures employment and salary at Yes Bank at least for one year</a> <a href="https://www.businessinsider.in/finance/news/yes-bank-share-price-falls-10-after-rbi-limits-withdrawals/articleshow/74504094.cms">Yes Bank share price nose dives 72% after RBI limits withdrawals</a> <a href="https://www.businessinsider.in/finance/news/rbi-has-a-new-scheme-to-rescue-yes-bank-will-be-released-shortly-says-shaktikanta-das/articleshow/74506268.cms">RBI has a new 'scheme' to rescue Yes Bank — will be released shortly, says Shaktikanta Das</a>

Yes Bank scam escalates as CBI carries out searches to connect Rana Kapoor to DHFL promoter Kapil Wadhawan

CBI files chargesheet against Rana Kapoor — The rise and fall of Yes Bank’s former co-founder and CEO

(Eds: Adds details of searches; look out circular) New Delhi, Mar 9 () The CBI carried out searches at seven locations in Mumbai on Monday in connection with the Yes Bank scam pertaining to the Rs 600 crore alleged bribe to its co-founder Rana Kapoor's family by scam-hit DHFL and issued a look out circular against the accused to prevent their escape, officials said.The CBI has named five companies and seven individuals including Kapoor, his wife Bindu and daughters Roshini, Raakhe and Radha as accused in its FIR.Dewan Housing Finance Corporation Limited (DHFL) and RKW Developers Private Limited and their then directors Kapil Wadhawan and Dheeraj Wadhawan, respectively also figure as accused in the FIR.DoIt Urban Ventures controlled by the Kapoor family, RAB Enterprises (lndia) Private Limited in which Bindu Rana Kapoor was director and Morgan Credits Private Ltd in which Rana Kapoor's daughters were directors are also named as accused.While 10 teams of the agency were involved in the search operation spread across swanky south Mumbai neighbourhood, the agency issued Look Out Circular against all the seven accused --Kapoors and Wadhawans -- named in the FIR.A look out circular (LOC) alerts immigration staff at all the ports of entry and exit to prevent the accused from moving out of the country.The Enforcement Directorate (ED), which arrested Kapoor, had already got LOC issued on the basis of which Roshini was stopped for leaving for London at the Chhatrapati Shivaji Maharaj International Airport, Mumbai. The searches took place at the lavish apartment of Kapoor in the famous Samudra Mahal building in Worli, besides residences of his daughters Raakhe and Radha in the up-market NCPA complex, Nariman point, besides Wadhawan's home at Sea View, Palace Hills, the officials said.The offices of DHFL, DoIT Ventures and RKW developers were also searched, they said.The agency has alleged that Kapoor, 62, entered into a criminal conspiracy with Kapil Wadhawan, DHFL director-promoter for round-tripping of funds where loans from Yes Bank to DHFL landed in companies owned by Rana Kapoor's daughters, DoIT Urban Ventures (India) Pvt Ltd, the officials said.The agency has alleged that between April and June, 2018, Yes Bank invested Rs 3,700 crore in short-term debentures of Dewan Housing Finance Corporation Ltd (DHFL), they said.Yes Bank also sanctioned a loan of Rs 750 crore to RKW Developers Pvt Ltd whose director is Dheeraj Wadhawan and is a DHFL group company for their Bandra reclamation project, the officials said.The amount was transferred to by RKW Developers to DHFL without investing anything in the project for which it was sanctioned, they said.In return for these Yes Bank funds, Wadhawan allegedly invested Rs 600 crore in a company of Kapoor's daughters -- DoIt Urban Ventures (India) Pvt Ltd, which the CBI alleges to be a bribe to Kapoor for Yes Bank investments.DHFL is alleged to have siphoned off Rs 31,000 crore out of total bank loans of Rs 97,000 crore using a web of multiple shell companies.The Reserve Bank of India (RBI) on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account, and superseded the board of the private sector lender with immediate effect.Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment.As per the RBI's draft reconstruction scheme, State Bank of India will pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan. ABS KJ

Yes Bank scam: CBI carries out searches at 7 locations in Mumbai; LOC issued

New Delhi, Mar 9 () The CBI carried out searches at seven locations on Monday in connection with the Yes Bank scam case pertaining to the Rs 600 crore alleged bribe to the family of its co-founder Rana Kapoor by DHFL, officials said.The CBI has named in the FIR five companies, seven individuals, including Kapoor's wife and three daughters, and unidentified people.Besides Rana Kapoor, the agency has booked his wife Bindu, daughters Roshini, Raakhe and Radha.Kapil Wadhawan, promoter of Dewan Housing Finance Corporation Limited (DHFL) and Dheeraj Rajesh Kumar Wadhawan, Director of RKW Developers Private Limited, a company linked to DHFL have also been named as accused, the officials said.Companies DHFL, RKW Developers Private Limited, DoIt Urban Ventures controlled by the Kapoor family, RAB Enterprises (lndia) Private Limited in which Bindu Rana Kapoor was director and Morgan Credits Private Ltd in which Rana Kapoor's daughters were directors are also named as accused.Teams of Central Bureau of Investigation (CBI) officers are carrying out operations at the residence and official premises of the accused in Mumbai, they said.The agency has alleged that Kapoor, 62, entered into a criminal conspiracy with Kapil Wadhawan, DHFL director-promoter for round-tripping of funds where loans from Yes Bank to DHFL landed in companies owned by Rana Kapoor's daughters, DoIT Urban Ventures (India) Pvt Ltd, the officials said.The agency has alleged that between April and June, 2018, Yes Bank invested Rs 3,700 crore in short-term debentures of Dewan Housing Finance Corporation Ltd (DHFL), they said.Yes Bank also sanctioned a loan of Rs 750 crore to RKW Developers Pvt Ltd whose Director is Dheeraj Wadhawan and is a DHFL group company for their Bandra reclamation project, the officials said.The amount was transferred to by RKW Developers to DHFL without investing anything in the project for which it was sanctioned, they said.In return for these Yes Bank funds, Wadhawan allegedly invested Rs 600 crore in a company of Kapoor's daughters -- DoIt Urban Ventures (India) Pvt Ltd, which the CBI alleges to be a bribe to Kapoor for Yes Bank investments.DHFL is alleged to have had siphoned off Rs 31,000 crore out of total bank loans of Rs 97,000 crore using a web of multiple shell companies.The Reserve Bank of India (RBI) on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account, and superseded the board of the private sector lender with immediate effect.Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment.As per the RBI's draft reconstruction scheme, State Bank of India will pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan. ABS DV KJ

Yes Bank scam: CBI searches 7 locations in Mumbai; Rana Kapoor's family named as accused

(Eds: Correcting loan amount in para 2) New Delhi, Mar 13 () The CBI has booked Yes Bank founder Rana Kapoor, his wife Bindu and Avantha Realty promoter Gautam Thapar in a fresh case, officials said on Friday. The case relates to the Amrita Shergill bungalow deal and alleged bribe for relaxation in realisation of loans worth over Rs 1,500 crore to Thapar's companies, according to officials. The probe agency is carrying out searches in Delhi and Mumbai at multiple locations, including the office and residences of Kapoor, his wife Bindu, office of Bliss Abode linked to Bindu, Thapar and his companies, and the India Bulls Housing Finance Ltd, the officials added. ABSHMB

You Searched For "cbi search yes bank" and got 6 results

Google Search's new AI makeover is the latest change the rest of the internet needs to navigate

Dan DeFrancesco

Yes Bank scam escalates as CBI carries out searches to connect Rana Kapoor to DHFL promoter Kapil Wadhawan

PTI

CBI files chargesheet against Rana Kapoor — The rise and fall of Yes Bank’s former co-founder and CEO

Vaamanaa Sethi

Yes Bank scam: CBI carries out searches at 7 locations in Mumbai; LOC issued

PTI

Yes Bank scam: CBI searches 7 locations in Mumbai; Rana Kapoor's family named as accused

PTI

CBI books Yes Bank founder, wife & others in fresh case

PTI

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