CEO Andy Jassy said Prasad plans to depart at the end of the year. Prasad was elevated to report directly to Jassy in 2023 to lead the AGI team, which was tasked with developing Amazon’s “most ambitious” AI models, Business Insider reported at the time.
Since then, Prasad helped launch Amazon’s Nova family of AI models. Although Nova models earned some praise for their efficiency, they still trail frontier models such as OpenAI’s GPT offerings, Anthropic’s Claude Opus, and Google’s Gemini.
As part of the shake-up, Amazon is creating a new organization under Peter DeSantis, AWS‘s SVP of Utility Computing, Jassy said. The group will oversee Amazon’s AGI and AI model initiatives as well as its silicon chip and quantum computing efforts.
Jassy also said that Pieter Abbeel, the co-founder of robotics startup Covariant, who joined Amazon last year, will now lead the company’s frontier AI model research team.
Prasad’s departure is the latest in a series of leadership changes at AWS. Over the past year, the company has seen several executives depart, including VP of AI Matt Wood and VP of generative AI Vasi Philomin, while bringing in new talent such as former Microsoft executive Julia White as chief marketing officer.
AWS also recently hired David Richardson as VP of AgentCore and Joe Hellerstein as Vice President and Distinguished Scientist, and added Chet Kapoor as VP of security services and observability.
Paramount CEO David Ellison wants to buy Warner Bros. Discovery — but has had his offers rejected multiple times.
Angela Weiss/AFP via Getty Images
Netflix and Paramount are battling over Warner Bros. Discovery.
Both say they’re the best owner for some of Hollywood’s crown jewels.
Scroll down to see BI’s team unpack what the fight means for viewers and media at large, live Thursday at 1:30 p.m. ET.
Hollywood’s latest clash of the titans: Netflix versus Paramount.
The two companies are battling to buy Warner Bros. Discovery (or, in Netflix’s case, just its streaming and studios assets).
The fight pits Paramount’s David Ellison, backed by his father Larry’s billions, against entertainment’s reigning champion of paid streaming.
WBD accepted Netflix’s bid, but it’s far from over, as Paramount went hostile last week with its own $108 billion offer. The WBD board on Wednesday recommended that shareholders reject that hostile offer. Now, it’s Ellison’s move. Will he sweeten his bid?
There are many facets to this story — and why it’s happening now — ranging from politics and antitrust to the rise of the creator economy.
Business Insider’s chief media and tech correspondent, Peter Kafka, and deputy media editor Nathan McAlone will answer the key questions about the deal and its implications, live on Thursday at 1:30 p.m. ET.
Ray Dalio says it’s more important for people to focus on the underlying factors behind Trump’s new tariffs than the tariffs themselves.
Dia Dipasupil/Getty Images
Ray Dalio and his wife are joining the list of billionaires backing the president’s Trump Accounts.
Through Dalio Philanthropies, the couple will donate $250 to 300,000 Connecticut children.
BlackRock also announced it would provide a $1,000 match for all eligible US employees.
Hedge fund manager Ray Dalio has joined the list of billionaires backing President Donald Trump’s new plan to give $1,000 to every child born in the next three years.
Dalio, the founder of Bridgewater Associates, and his wife, Barbara, will donate $250 to about 300,000 children in Connecticut who live in zip codes where the median family income is $150,000 or less, Dalio Philanthropies said in a press release.
“Barbara and I believe strongly in the importance of equal opportunity and believe this initiative is an important step in that direction,” Ray Dalio said in the release. “I have lived the American dream. At an early age, I was exposed to the stock market, and it changed my life. By providing children with savings accounts that compound over time, we are providing them with early insights into financial literacy and a path towards financial independence.”
BlackRock, too, announced on Wednesday that it would “offer an employee match to the US government contribution of $1,000 for all eligible US employees to Trump Accounts.”
Several other business leaders, including Goldman Sachs CEO David Solomon and Nvidia CEO Jensen Huang, have also committed to contributing funds to the accounts of their employees’ children, according to Invest America, the federal program spearheaded by Altimeter Capital CEO Brad Gerstner that is now commonly known as “Trump Accounts.” BNY, a financial services company, also announced last week that it would match Trump Account funds for its employees.
Since June, some of the country’s wealthiest individuals have been lining up behind Trump’s plan to provide a one-time, tax-free federal grant of $1,000 to every American child born between January 1, 2025, and December 31, 2028. The accounts will be in the child’s name, but their parent will remain the sole custodian until the child turns 18. Others can contribute up to an additional $5,000 tax-free to those accounts every year.
The program will officially launch on July 4, 2026.
The Dalios’ donation follows a substantial commitment from Michael and Susan Dell, who pledged to deposit $250 into the accounts of 25 million American kids — about $6.25 billion — earlier this month. The payments will be automatically deposited into the account of any child who fits the criteria and opens a Trump Account.
Dalio Philanthropies and BlackRock did not immediately respond to a request for comment from Business Insider.
Economists said new data from the Bureau of Labor Statistics still show a stagnant job market.
Joe Raedle/Getty Images
The Bureau of Labor Statistics published the final national employment report for the year.
Economists think the job market is stagnant.
Unemployment was above 4.5%, wage growth has moderated, and job growth remains unequal among industries.
This week brought a vanishingly rare jobs report on Tuesday after the longest government shutdown in history threw a wrench in federal data collection, and it was a mixed bag.
The new data emphasized trends we’ve been seeing this year, including unemployment inching up and a tougher market for manyjob seekers.
The Bureau of Labor Statistics delayed the report from December 5 to extend data collection and processing after its activities were affected by the government shutdown that lasted from October to about mid-November.
The new data allowed economists, job seekers, reporters, and more to understand how job growth looked in both October and November; the BLS didn’t produce an October jobs report last month. While the report was missing items like the October unemployment rate, it gives us a fresh look at the labor market.
Here are four takeaways from the latest jobs report.
The job market is still frozen
Both Nicole Bachaud, a labor Economist at ZipRecruiter, and Laura Ullrich, the director of economic research in North America at the Indeed Hiring Lab, described the job market as still stagnant.
The US economy added 64,000 jobs in November, surpassing the 50,000 expected. That comes after a big net loss in October, largely because federal workers who took the deferred resignation offered as part of the DOGE job cuts earlier this year finally appeared in the data after the deferment ended.
Data published by the BLS last week showed job openings have been trending upward as of October, although they’re still far below what job seekers were accustomed to a few years ago. Workers’ confidence has also been low, as October’s quit rate was the lowest since 2020.
“Job growth has been very slow over the course of 2025, and it doesn’t seem like we’ve turned around quite yet to translate the pent-up demand for hiring and the recent increase in job openings into actual hires,” Bachaud said, adding that uncertainty over tariffs, inflation, and geopolitical issues has added to companies holding back on hiring plans.
“That’s the big question mark — when is that uncertainty going to finally ease up?” she said.
Healthcare’s job growth masks weakness in many other sectors
The better-than-expected growth in November was largely helped by job growth in healthcare, so Ullrich said this “doesn’t show a whole lot of strength in the macro labor market.”
Healthcare and social assistance sectors together had a net gain of 64,000 over the month. Most industries had a decline or a small rise in employment. Manufacturing, for instance, has continued its ongoing net loss.
Healthcare has been a bright spot throughout the year, and Bachaud said there will still be demand for workers as the population ages. However, it could be challenging for job seekers to pivot into these positions. Ullrich said many jobs in the sector typically require certain training and education.
“Construction is the other industry that we saw really strong growth in, as there is demand for continued skilled trades,” Bachaud said. Construction added 28,000 jobs, with the largest growth from specialty trade contractors.
Employers still have the upper hand
Wage growth has gradually cooled and reached the lowest point so far this year in November. Average hourly earnings rose 3.5% from a year ago.
The generally softer job market has made it harder for workers to negotiate higher wages. Ullrich said physicians have better wage-setting power than roles that aren’t seeing a lot of openings and where talent is waiting on the sidelines for a role.
She said employers can probably offer lower raises to current talent, too, since more people are staying put.
“If you know people aren’t quitting, you might not have to offer them the same bump in pay that you would if the quits rate was higher,” she said. “That being said, there’s still very tight competition for certain roles.”
Unemployment is the highest since 2021
The October 2025 unemployment rate won’t ever be released because that data, typically gathered from a survey of around 60,000 households a month, couldn’t be collected during or after the government shutdown. However, unemployment had been trending upward before that, and November was the same story.
November’s unemployment rate was the highest since September 2021 and slightly higher than expected. Still, the Bureau of Labor Statistics warned of data issues with unemployment and related figures over the next few months due to the missing October household survey, so economists and others will have to see how the rate continues to pan out.
Despite the data challenges, Bachaud said the higher unemployment rate and stickier long-term unemployment, where people have been out of a job for at least 27 weeks and actively searching, indicate that it has become harder to land a job.
WASHINGTON, DC – JANUARY 19: Donald Trump Jr. and Bettina Anderson attend a candlelight dinner for U.S. President-elect Donald Trump at the National Building Museum on January 19, 2025 in Washington, DC. Trump will be sworn in as the 47th U.S. president on January 20.
Anna Moneymaker/Getty Images
Donald Trump Jr. and Bettina Anderson are engaged after a year of dating.
Anderson, a socialite, model, and influencer, comes from a prominent Palm Beach family.
She attended the Republican National Convention and was linked to Trump Jr. in September 2024.
Bettina Anderson was already well-known in Palm Beach, Florida, for her fashion modeling, passion for environmental conservation and charity work, and being from a prominent banking family.
Then, she was photographed on what appeared to be romantic outings with Donald Trump Jr.
The pair made their official debut as a couple during President Donald Trump’s inauguration, where they were photographed holding hands, walking arm-in-arm, and dancing together at several events.
Here’s what to know about Anderson’s upbringing, career, and connection to the Trump family.
Bettina Anderson grew up in Palm Beach, Florida, and comes from a prominent family.
(L-R) Jacqueline Kimberly, Harry Loy Anderson Jr., and Inger Anderson arrive at the opening of the Poinciana Playhouse’s 15th season in Palm Beach, Florida, on January 10, 1972.
Fairchild Archive/WWD/Penske Media via Getty Images
Anderson’s father, Harry Loy Anderson Jr., became the youngest bank president in the US in 1970 when he took over Worth Avenue National Bank at 26 years old. He was also a philanthropist who supported numerous charitable causes including the American Red Cross, of which he was a board member. He died of Alzheimer’s in 2013 at 70 years old, according to his obituary.
Her mother, Inger Anderson, is a philanthropist and business owner who operates Palm Beach Groves, an orange orchard and souvenir shop that she and her husband bought in 1978.
Anderson, 39, grew up on a Palm Beach estate known as Oasis Cottage that once belonged to fashion designer Lilly Pulitzer Rousseau. Inger Anderson sold the state for $11.88 million in 2016, the Palm Beach Daily News reported.
Anderson has five siblings, including a twin sister.
Anderson is an Ivy League graduate.
PALM BEACH, FLORIDA – MARCH 03: Bettina Anderson attends the Daily Front Row 20th Anniversary Palm Beach, sponsored by Zacapa No. 23 Rum on March 3, 2022 in Palm Beach, Florida.
Alexander Tamargo/Getty Images for Zacapa No. 23 Rum
Anderson earned a bachelor’s degree in art history from Columbia University in 2009, according to her LinkedIn profile.
She’s worked as a business development professional as well as a model and influencer.
MIAMI, FL – JULY 19: Model Bettina Anderson attends Omega Seamaster Planet Ocean Party at SLS South Beach on July 19, 2012 in Miami, Florida.
Gustavo Caballero/Getty Images for Omega Boutiques USA
Anderson’s résumé includes working as a business development manager for the pharmaceutical company TherapeuticsMD and as an independent consultant for the Florida-based investment company Merrick Ventures.
She has modeled for Quest Magazine, Palm Beach Illustrated, and Modern Luxury Palm Beach, in which she was referred to as an “ambassador of Palm Beach style and local ‘it’ girl.”
Anderson also has over 106,000 followers on Instagram, where her profile features affiliate links to skincare products and her Amazon Shop.
She co-founded an environmental charity with her siblings called Project Paradise.
Bettina Anderson and Joshua Sagman at a cocktail reception to introduce junior committee for the Race of Hope.
USA TODAY NETWORK via Reuters Connect
Project Paradise funds filmmaking grants for documentaries about environmental conservation.
The organization released a short documentary, “The Water State,” calling attention to the fragility of Florida’s freshwater springs.
“One of the greatest focuses of my life is how I can be of service to others and a be steward of the environment,” Anderson told fashion blog The Daily Front Row in 2022.
Anderson also volunteers with the Literacy Coalition of Palm Beach County and is a young patron of The Everglades Foundation.
Anderson attended the Republican National Convention in July 2024, months before she was first linked to Donald Trump Jr. that September.
Bettina Anderson, wearing a red pantsuit, was seated behind Donald Trump Jr. and Kimberly Guilfoyle at the Republican National Convention.
Brian Snyder/Reuters
At the 2024 Republican National Convention in Milwaukee, Anderson was seated behind Donald Trump Jr., his former fiancée Kimberly Guilfoyle, and other members of the Trump family.
In September 2024, the Daily Mail reported that Anderson and Trump Jr. were seen kissing and eating brunch together in Palm Beach. Neither responded to a request for comment about the nature of their relationship.
She co-hosted a fundraiser for Donald Trump’s presidential campaign at Mar-a-Lago in October 2024.
President-elect Donald Trump at a press conference at Mar-A-Lago on December 16, 2024.
Evan Vucci/AP Photo
The event featured former Rep. Tulsi Gabbard, Robert F. Kennedy Jr., and Vivek Ramaswamy, all of whom went on to become members of Trump’s administration.
Attending the dinner cost $100,000 per couple, and admission to a fireside chat cost $30,000 per couple, the Palm Beach Daily News reported.
Anderson has featured Trump Jr. on her Instagram and joined him at Mar-a-Lago.
PALM BEACH, FLORIDA – NOVEMBER 14: Donald Trump Jr. speaks with other guests at the America First Policy Institute Gala held at Mar-a-Lago on November 14, 2024 in Palm Beach, Florida. President-elect Donald Trump has been announcing a number of nominees for his upcoming administration.
Joe Raedle/Getty Images
On her birthday in December 2024, Anderson posted a photo of a bouquet of flowers on an Instagram Story and tagged Trump Jr.
The card accompanying the flowers read, “Many have said you’re aging out but I think you’re perfect…happy birthday!”
Anderson and Trump Jr. were also photographed holding hands while exiting a restaurant in Palm Beach and celebrating Trump Jr.’s birthday together at Mar-a-Lago on New Year’s Eve.
In December 2024, Trump Jr. stopped short of confirming his breakup with Guilfoyle, but told Page Six in a statement that he and Guilfoyle “will always keep a special bond” and that he “could not be more proud of her and the important role she’ll continue to play in my father’s administration” as ambassador to Greece.
Anderson and Trump Jr. made their public debut as a couple at Trump’s inauguration in January 2025.
WASHINGTON, DC – JANUARY 19: (from left to right) Donald Trump Jr., Bettina Anderson, U.S. Vice President-elect JD Vance, and Alina Habba, Senior Advisor to President Donald J. Trump, attend the Turning Point USA Inaugural-Eve Ball at the Salamander Hotel on January 19, 2025 in Washington, DC.
Anderson and Trump Jr. attended a reception together at Trump National Golf Club in Washington, DC. The night before the inauguration, they held hands and danced at the Turning Point USA Inaugural-Eve Ball.
Anderson attended Trump’s inauguration ceremony at the US Capitol, but was not seated with Trump Jr. or other Trump family members.
Guilfoyle was at the Capitol Rotunda for the swearing-in ceremony and was not seated with the Trump family, either. She was also an honorary cochair of the Bienvenido Ball, which Trump Jr. attended.
She has since attended numerous official White House events.
Bettina Anderson and Donald Trump Jr. at the White House.
Oliver Contreras/AFP/Getty Images
Anderson appeared at Trump Jr.’s side at the White House Easter Egg Roll in April, the US Army’s 250th anniversary military parade in June, Charlie Kirk‘s posthumous Presidential Medal of Freedom ceremony in October, and a White House dinner for Crown Prince and Prime Minister Mohammed bin Salman Al Saud of Saudi Arabia in November.
The couple announced their engagement at a White House holiday party in December.
OpenAI’s ChatGPT Images, announced December 16, appears to improve on the realism of the chatbot’s AI image generation.
OpenAI
Less than a month after Google generated buzz for its Nano Banana Pro AI image model, OpenAI’s response is here.
The company announced a new version of ChatGPT Images on Tuesday, powered by a new flagship image generation model.
The new version is set to roll out to all ChatGPT users starting today.
Google threw down the AI image gauntlet last month. Now, OpenAI has answered.
The ChatGPT creator announced the rollout of a new flagship image generator on Tuesday, which the company says is capable of making faster, more precise edits to an AI image while maintaining details.
Introducing ChatGPT Images, powered by our flagship new image generation model.
– Stronger instruction following – Precise editing – Detail preservation – 4x faster than before
But the more eye-catching change for many user will likely be the improvements to image quality and the AI model’s ability to follow specific instructions.
OpneAI said the new model offers “clear improvements across a range of cases.” In one example, the company showed off the differences between the old and new image model when prompted to generate a photorealistic scene in 1970s Chelsea, London.
OpenAI’s new AI image model (left) compared to the previous version (right) when generating a 1970s London scene.
OpenAI
In another example touting use cases for businesses using the company’s image API, OpenAI compared the outputs showing a mechanic working on a car.
OpenAI’s new Image 1.5 API
OpenAI
While a model’s ability to generate photorealistic images has become a popular point of comparison in the AI race, OpenAI’s latest model can also generate animated images, graphics, and other styles of artwork.
Perhaps to boost awareness of that, the company is rolling out a new Images feature within the ChatGPT app. While AI image generation was previously available within ChatGPT, OpenAI says the new dedicated Images feature is designed to “spark inspiration and make creative exploration effortless.”
ChatGPT’s new Images feature within the app.
OpenAI
The news comes just over three weeks after Google released its Nano Banana Pro AI image model alongside its flagship Gemini 3 LLM — both of which have received widespread praise and reignited the debate around whether Google had begun to overtake OpenAI in the AI race.
Google’s new AI image generator was lauded for its hyper-realistic AI images, which some people used over Thanksgiving to make it appear as if they had famous guests at the holiday dinner table.
Yuchen Jin, the cofounder and CTO of the startup Hyperbolic Labs, called OpenAI’s new model “Nano Banana Pro level in my tests.”
Startup cofounder Yuchen Jin’s social media post comparing OpenAI’s Image 1.5 model against Google’s Nano Banana Pro.