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From JPMorgan-branded beer foam to gym views, TikToks are revealing details of the bank’s 270 Park headquarters

Lobby at 270 Park
JPMorgan has shared renderings of the interior.
  • Videos of what appear to be the inside of JPMorgan’s new headquarters are popping up on TikTok.
  • They show a gym with floor-to-ceiling windows, indoor plants, and a Super Bowl ring.
  • One video shows beer foam with an image of the building and a store in the building with 270 merch.

You don’t need to be a JPMorgan employee to see inside the bank’s new soaring Manhattan headquarters. You just need to open TikTok.

As the bank’s employees begin to populate the 60-story, $3 billion skyscraper at 270 Park Avenue, a select few are uploading videos of what appear to be the interior of the tower, which boasts a food court with 19 restaurants, a gym, and biometric scanning.

One of the most detailed videos was posted in late November and takes viewers through art installations, restaurants, and the lobby with a perpetually waving flag. Art includes sculptures, posters, and paintings, according to the video.

The TikToker dines at Morgan’s, the building’s pub, and sips a beer whose foam features an image of 270 Park itself. A page of the menu shows $14 cocktails, like a hot toddy and a martini.

@nyconangy

Así es el nuevo edificio de JP Morgan en Nueva York por dentro! 🏙️ El 270 de Park Avenue destaca en el skyline de Manhattan por lo grande que es, su forma y su espectáculo de luces pero por dentro es incluso más impresionante 🤯 #nuevayork #nuevayork🗽 #nuevayorkcity #manhattan #jpmorgan

♬ sonido original – nyconangy

There’s even a store inside the building, according to the video, with everything from candlesticks to trendy olive oil to skincare; a sign in the store references Chase’s small business partnerships. Shoppers can also choose from branded merchandise, including 270 Park coffee beans and JPM apparel.

The tower features a lounge-type space with an electric fireplace, coffee table books, and a monitor.

One now-deleted video uploaded on October 7 documented an apparent employee’s morning in the building — she spun through the revolving doors before 6 am, scanned her hand to enter the lobby, and walked up shallow stone steps below an American flag.

The video took viewers inside the locker room and gym, with rows of cardio machines, a turf area for stretching, and floor-to-ceiling windows.

Shampoo and body wash line the shower, according to the video seen by Business Insider, and the office space itself has massive windows and indoor plants.

Another offers views from inside all-white elevators and the gym as the sun rises over Midtown. By 7:15 am, the TikToker is typing at her desk.

One other TikTok purportedly showing the 1,388-foot-tall headquarters features indoor plants, escalators, abstract wall art, and even an indoor rendering of what appears to be the exterior of 270 Park Avenue.

The video shows JPMorgan-emblazoned golf clubs signed by Rory McIlroy and a Patriots Super Bowl ring, which is also featured in another TikTok. A representative for JPMorgan Chase did not respond to a request for comment from Business Insider or confirm the presence of the clubs and ring.

Yet it’s far from all play and no work inside the new headquarters — a post on X from Michael Dell shows rows of Dell monitors from what appears to be a trading floor.

Some outside the bank are posting about the shiny skyscraper, too, like the TikToker who uploaded a video about using their lunch break to gaze at the building from the street. Another set footage of the exterior against the “Succession” theme music.

The internet seems hungry for more 270 intel.

“Can you do more content like this?” one commenter pleaded, with another asking, “Can you show us more!”

Have a tip? Contact this reporter via email at atecotzky@insider.com or Signal at alicetecotzky.05. Use a personal email address and a nonwork device; here’s our guide to sharing information securely.

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Michael Dell’s journey to a $148 billion fortune began with a $1,000 investment

Michael Dell
For Michael Dell, $1,000 has a special resonance.
  • Michael and Susan Dell are investing $6.25 billion into “Trump accounts.”
  • Trump accounts are also set to receive a $1,000 grant from the federal government.
  • For Dell, a $1,000 investment helped launch his computer company from his dorm room in 1984, now worth $90.6 billion.

Michael and Susan Dell are pledging to invest billions of dollars into “Trump accounts,” which will also receive a $1,000 seed from the federal government.

For Dell, $1,000 has a special resonance.

It’s the same amount of money that he initially invested in his company, Dell Technologies, as a student at the University of Texas in 1984. Today, the entrepreneur is the 11th wealthiest person in the world, according to Bloomberg’s Billionaires Index, with a net worth of $148 billion as of December 1.

In his 2021 book, “Play Nice but Win,” Dell marvels at the early success of his business despite its relatively modest initial investment.

Michael Dell
Michael Dell in the early years of his computer company.

“Our sales were growing by the week, as was our ragtag band of mercenaries and buccaneers. On the face of it, it made no sense,” Dell wrote. “Here I was, twenty years old, a college dropout with a capital base of $1,000, saying: ‘Hey, who wants to come work in this company?'”

Dell launched the company in 1984 as PC’s Limited. It became one of the fastest growing companies in the country, raking in more than $6 million in sales in its first year of business. The company was renamed to Dell Computer Corp. a few years later in 1987, and went public in 1988, raising $30 million.

Today, Dell Technologies has a market cap of $90.6 billion.

In 1999, Dell revisited his old dorm room and was photographed in it.

michael dell austin
Michael Dell visits his old dorm room in 1999.

Of course, $1,000 isn’t quite what it used to be: That amount in 1984 is the equivalent of nearly $3,200 today, according to the US Bureau of Labor Statistics’s Inflation Calculator.

“Trump accounts” are guided by the idea that a modest initial investment can grow over time and serve as a way for younger Americans to grow wealth.

“It enables every newborn child in America to experience the enormous benefits of compounded growth, and to accumulate significant resources with the passage of time,” Sen. Ted Cruz of Texas, an early proponent of the idea, told Business Insider in May. “It creates a generation of new capitalists.”

The Dells are pledging a total of $6.25 billion in charitable contributions to Trump accounts.

In addition to the $1,000 from the government, the Dells will pay $250 into the accounts of children who are 10 years or younger, born before January 1, 2025, and who live in zip codes where the median income is $150,000 or less.

Dell has also said that his company will match the $1,000 contribution from the federal government for Dell employees.

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OpenAI is feeling the heat from Google right now — for good reason

Sundar Pichai and Sam Altman walk along the White House grounds
OpenAI CEO Sam Altman (right) has increasingly brought his company into competition with Sundar Pichai’s Alphabet.
  • OpenAI CEO Sam Altman has reportedly declared a “code red.”
  • Google once did the same amid the rise of ChatGPT.
  • While Altman once quipped that he tried not to spend much time thinking about competitors, those days appear to be over.

Two “code red” alerts — the first from a veteran tech giant worried about a buzzy AI upstart, the second from the AI upstart after the tech giant gained ground.

What a difference three years can make.

News of a recent Sam Altman memo to OpenAI employees, first reported by The Information, is reverberating around the tech world and highlighting the competitive heat it’s facing as Google narrows the gap in the AI race.

On Monday, Altman reportedly told OpenAI employees in an internal Slack memo that he was issuing a “code red” and that the company would be putting more resources into ChatGPT and delaying other products as a result.

Altman’s memo illustrates just how much the AI race has changed. In 2022, Google’s management issued its own “code red” in the wake of ChatGPT’s launch, a moment that illustrated in sharp relief just how far behind the search giant was in the AI race despite financing the breakthrough research that paved the way for AI’s development.

Three years later, it’s clear that OpenAI’s throne is under threat. Here are some of the pressure points it’s facing as Google nips at its heels.

Google is catching up

The elephant in the OpenAI room is Google’s Gemini 3 AI model, which debuted to widespread praise.

The model’s capabilities demonstrated that Google is no longer far behind in the AI race. It’s not just OpenAI that’s unnerved, either. Nvidia, the world’s most valuable company by market cap, recently found itself defending its AI chips after a report about Google’s own chip progress.

The search giant said in November that Gemini had more than 650 million monthly active users, a large increase from the 450 million such users it reported in July. In comparison, OpenAI has said nearly 800 million weekly active users.

Salesforce CEO Marc Benioff recently said that he was ditching ChatGPT in favor of Gemini 3 because of Gemini’s “insane” improvement.

“Holy shit,” Benioff wrote on X last month. “I’ve used ChatGPT every day for 3 years. Just spent 2 hours on Gemini 3. I’m not going back. The leap is insane — reasoning, speed, images, video… everything is sharper and faster. It feels like the world just changed, again.”

Last month, Google launched “Nano Banana Pro,” its AI image generator, showcasing hyper-realistic images that users quickly used to imagine tech CEOs hanging out together or pretend famous Thanksgiving dinner table guests.

Altman’s “code red,” according to The Information’s report, specifically mentions Gemini 3 and teases a coming OpenAI model that it says tested “ahead” of Google’s flagship model, as well as mentions prioritizing OpenAI’s Imagegen image generation model for ChatGPT users.

Google’s advertising cash cow can fund its AI — while OpenAI faces a $1.4 trillion bill

The AI game is an expensive one, and Google has the advantage of being a cash-generating advertising juggernaut.

Sure, Google plans to spend between $91 billion and $93 billion this year on cap ex, much of which is going toward AI costs. But it also brought in $100 billion in revenue in just the last quarter alone — $74.18 billion of which came from its advertising business.

And unlike OpenAI, Google can leverage its massive size for a full-stack advantage, allowing it to control AI development from research to chip manufacturing to its in-house cloud, which hosts everything.

Meanwhile, some on Wall Street have raised concerns about OpenAI’s mounting AI spending commitments, which tally at least $1.4 trillion over the next eight years. In response, Altman has said OpenAI is on track to bring in $20 billion in revenue this year, and expects its annualized revenue to grow to hundreds of billions in the coming years.

But OpenAI is still figuring out its own ads business — the launch of which could be delayed by Altman’s “code red,” according to The Information.

OpenAI has a head start — but Google has a platform advantage

OpenAI hasn’t squandered its head start, and it’s landed some major wins this year.

In recent months, OpenAI has made significant plays into other industries, including social media with Sora, its TikTok-esque AI video generation app. In a direct shot at Google Chrome, OpenAI also launched Atlas, its own web browser.

And it sounds like OpenAI has more up its sleeve as it battles the bottleneck of lining up enough compute and energy to power its developments.

OpenAI executives have said compute constraints are holding back other initiatives, like making ChatGPT Pulse, a personalized update feature within the chatbot for Pro users, available to everyone. Last week, Bill Peebles, OpenAI’s head of Sora, announced that free users would face significant cuts in the number of videos they could generate per day.

ChatGPT also remains synonymous with AI — not unlike Google and online search. That will likely help continue to drive app downloads and usage and could also stave off Google’s attempts to convince users to switch to Gemini or Google’s other AI-infused products.

But humans are creatures of habit, and many already use a Google product or service everyday — a platform advantage that the tech giant is already utilizing to siphon away ChatGPT users.

Silicon Valley’s history is built on startup disrupting the status quo.

Now, with OpenAI (smartly) looking over its shoulder, we get to watch the AI race heat up as Google, a former startup, gets its AI legs and hits its stride.

For OpenAI, it’s a reminder that tech giants can put up quite a fight when facing the prospect of being disrupted — and sometimes, can turn the tables.

“I try not to think about competitors too much,” Altman said last May before critiquing Google’s aesthetic.

It sounds like those days are gone.

Read the original article on Business Insider

A longtime Amazon exec is jumping ship for OpenAI

Amazon logo
  • Torben Severson has departed Amazon after 17 years to join OpenAI.
  • Severson will serve as Vice President and Head of Global Business Development at OpenAI.
  • OpenAI has hired over 400 employees in the past year, including a handful of former Amazon staffers.

A top executive announced on Monday that he had departed Amazon after 17 years to join OpenAI.

Torben Severson, who served as chief of staff to Amazon’s retail CEO Doug Herrington, said in a post on LinkedIn that he left the mega-retailer in October. Severson will now serve as Vice President, Head of Global Business Development at Sam Altman’s AI company.

“Joining OpenAI at such a defining moment in technology is an opportunity I couldn’t pass up,” Severson wrote in his LinkedIn post. “I’m drawn to moments of transformation — and it’s rare to be part of something so squarely at the frontier of what’s possible.”

A spokesperson for OpenAI confirmed Severson’s new role. Severson and a spokesperson for Amazon did not immediately respond to a request for comment.

News of the move was first reported by The Information.

OpenAI’s global business development team is responsible for building out the company’s outside partnerships and commercial strategy.

In early November, OpenAI and AWS announced a $38 billion partnership, which gives Altman’s company access to “hundreds of thousands of state-of-the-art Nvidia GPUs.”

Severson spent much of his time at Amazon in business development, working on partnerships with other companies, including warrant deals. Most recently, he became Herrington’s technical advisor, a highly coveted role that involves joining the CEO in nearly every meeting and call.

He is one of more than a dozen former Amazon employees to join OpenAI over the past year, according to data from LiveData Technologies, a workforce tracking database. Over the past year, OpenAI has hired more than 400 workers, the database shows.

Do you work for OpenAI or have a tip? Contact this reporter via email at gkay@businessinsider.com or Signal at 248-894-6012. Use a personal email address, a nonwork device, and nonwork WiFi; here’s our guide to sharing information securely.

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How hedge funds like Citadel, Balyasny, ExodusPoint, and more performed in November

Ken Griffin sits on stage in a black suit.
Citadel founder Ken Griffin was up in his flagship Wellington fund in November.
  • Citadel, Balyasny, ExodusPoint, and more all made money in November.
  • Big-name funds battled a choppy equities market, though stocks bounced in the second half of the month.
  • Many hedge funds outperformed the modest 0.1% gain in November by the S&P 500 index.

Hedge funds’ biggest names had a solid November despite an early-month sell-off of hot tech stocks.

Citadel, Balyasny, and ExodusPoint all made money in the month, people close to the managers told Business Insider.

Miami-based Citadel, run by billionaire Ken Griffin, was up 1.4% in its flagship Wellington fund. The fund has made 8.3% for the year. The manager’s Tactical Trading fund, which combines the firm’s quant and flesh-and-blood stockpickers, is up 16.3% in 2025 after 2.6% gain last month.

The $30 billion Balyasny continued its strong year with a 2.5% gain in November. The manager is now up 15.3% in 2025. ExodusPoint pushed its year-to-date returns to 15.6% with a 1.2% bump in November.

These firms and many other multistrategy managers outperformed the S&P 500 last month; the index gained just 0.1% thanks to an early-month sell-off of tech stocks that was partially reversed by strong earnings from chipmaker Nvidia and solid iPhone sales by Apple.

The index for the year has still made more than 16% in 2025, which is greater than many funds’ year-to-date gains.

The firms below declined to comment. More performance figures will be added to the table and the article as they are learned.

Fund November performance 2025 performance
Boothbay 0.6% 16.4%
AQR Apex 0.4% 16.2%
Dymon Asia 1.1% 16%
ExodusPoint 1.2% 15.6%
Balyasny 2.5% 15.3%
Walleye 1.6% 13.1%
Pinpoint Asset Management -1% 10.4%
Schonfeld Partners 1.4% 10%
LMR 1.6% 8.9%
Citadel Wellington 1.4% 8.3%
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A Ukrainian drone maker says its interceptor took down a Russian Shahed armed with an air-to-air missile

A Sting interceptor drone closes in on a Russian shahed.
Ukrainian drone-maker Wild Hornets said its interceptor took down a Russian drone carrying an air-to-air missile.
  • Ukraine used an interceptor drone to take out a Russian Shahed carrying an air-to-air missile.
  • Wild Hornets, a Ukrainian company that makes the Sting interceptor drone, confirmed the incident.
  • The missile-armed Shahed appears to be Russia’s attempt to counter Ukrainian aircraft.

A Ukrainian defense manufacturer said Monday that its interceptor took down a Russian drone armed with an air-to-air missile, an unusual configuration signaling a new battlefield tactic.

Wild Hornets, a defense-tech firm making drones for the Ukrainian military, said that the Darknode battalion of Kyiv’s 412th Nemesis Brigade used its “Sting” interceptor drone to shoot down a Russian Shahed carrying a Soviet-era air-to-air missile.

Alex Roslin, the foreign support coordinator for Wild Hornets, told Business Insider that the recent engagement marks the first time a Sting interceptor has taken down a Shahed-type drone carrying an air-to-air missile.

Russia’s Shahed-style strike drones are typically armed with explosive warheads alone and are designed to dive toward a target before detonating on impact; these one-way attack drones haven’t been widely spotted carrying any external munitions.

Wild Hornets said in a statement that Russia appears to be using the air-to-air missiles to counter Ukrainian helicopters, one of the tools that Kyiv has relied on to intercept Shahed-type drones.

Neither Russia’s defense ministry nor its US embassy responded to a request for comment.

Video footage of the engagement, captured from the perspective of the Sting interceptor drone, appears to show a propeller-driven Geran-2 — the Russian variant of the Iranian-designed Shahed-136 — carrying the missile.

Wild Hornets identified the equipped weapon as the R-60, a short-range guided missile with a 10-kilometer (6-mile) range developed by the Soviet Union for fighter jets. The missile, which entered service in the early 1970s, has extensive combat experience and has been deployed in various Middle East conflicts.

Sergey Beskrestnov, a Ukrainian military expert, wrote on the Telegram messaging app that the incident marks the first time an R-60 missile has been detected on a Shahed, adding that the combination “is designed to destroy helicopters and tactical aviation aircraft that hunt Shaheds.”

Beskrestnov shared photos purporting to show the wreckage of a downed Shahed and the missile. Business Insider could not independently verify the authenticity of the imagery.

Ukraine has increasingly relied on aircraft, including fighter jets and helicopters, to shoot down Russian drones. Adding missiles to the drones may be Moscow’s attempt to suppress these air defenses. The add-ons could reduce effectiveness, though, by putting limits on overall payload capacity.

It is not the first time in the war that drones have been armed with missiles. Ukrainian naval drones equipped with surface-to-air missiles have, for instance, shot down Russian aircraft over the Black Sea. The adaptation was made in response to increased Russian combat air patrols.

A serviceman from the SQUADRON interceptor unit of the 3rd Army Corps of the Ukrainian Armed Forces prepares a Ukrainian drone-interceptor Sting for a flight at their front line position, amid Russia's attack on Ukraine, near the frontline in eastern Ukraine, October 30, 2025.
The Sting interceptor, made by Wild Hornets, is one of many in use by the Ukrainian military.

But the missile-armed Shahed marks a new development for Russia as it seeks to gain an advantage over Ukraine in what officials describe as a cat-and-mouse game of defense technology between the two sides.

Lt. Col. Yurii Myronenko, Ukraine’s deputy minister of defense for innovation, told Business Insider last month that Russia has already been trying to hit Ukrainian aircraft and helicopters midair with Shaheds.

Myronenko, a former drone unit commander, said Russia is testing new deep-strike weapons, including modified Shaheds. He did not mention air-to-air missiles, though.

Facing a growing Russian drone threat, Ukraine in recent months has turned to interceptor drones like Wild Hornets’ Sting for cheap air defense solutions.

The Sting costs roughly $2,500. Wild Hornets said in November that Ukrainian forces can use the interceptor drones to take down more than 100 Shaheds — estimated to cost between $20,000 and $70,000 — in a single night.

On Sunday, the company said Sting interceptors had taken down new Geran-3 drones — Russia’s jet-powered Shahed variant — for the first time during an attack the previous night.

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