Welcome to the new Sunday edition of Insider Today! I’m Matt Turner, the editor in chief of business at Insider.
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While most of you will be tuning in to Fox Sports later to watch the Eagles take on the Chiefs, I’ll be focused on the commercials, Insider’s Lara O’Reilly writes.
The Super Bowl is the annual tentpole event for the US ad industry, with advertisers splurging up to $7 million this year to secure 30 seconds of airtime.
It’s highly unlikely we’ll see many experimental spots like Coinbase’s floating QR code — not least because there aren’t any crypto advertisers this year. Instead, most advertisers are opting for tried-and-true techniques.
What does that mean in practice? Celebrities. Lots of them.
Serena Williams and Brian Cox are repping Michelob Ultra. PopCorners is reviving “Breaking Bad.” Snoop Dogg wants to sell you a pair of Skechers. Hellmann’s mayo has locked John Hamm and Brie Larson in a fridge, only for Pete Davidson to eat them. You get the picture.
My colleague Tyler Lauletta is predicting the Eagles will win Super Bowl LVII. Whatever the result, if last year’s Big Game was the “Crypto Bowl,” this year’s is the “Celebrity Bowl.”
iStock; George Marks, Sellwell, C.J. Burton/Getty images; Robyn Phelps/Insider
Inflation is everywhere these days — even in the workforce. Insider’s Aki Ito breaks down why grandiose job titles like “senior executive vice president” are suddenly all the rage.
According to a new study, early-career job titles have changed drastically in the past few years. Tech roles include “lead” in the title three times more now — and the number of “junior” roles has been cut in half.
There’s been a notable decline in morale at Goldman Sachs — and it’s gotten to the point where some partners are so concerned that they’ve discussed how they might get the board of directors to act on it, four people close to the situation told Insider’s Dakin Campbell.
While it’s not clear how widespread this discontent is — Goldman has some 400 partners — some partners are already talking about who might replace CEO David Solomon if it comes to that.
But these new chatbots aren’t actually intelligent. They lie. They don’t understand what they’re saying. They can only regurgitate things they’ve absorbed elsewhere. And sometimes, that stuff is wrong. Conversational answers generated automatically by chatbots may seem appealing, but they also make detecting misinformation and disinformation much more difficult.
At its best, Wall Street experts can translate the shifting sands of the economy into a useful investment view. But the economist Neil Dutta has noticed more and more analysts relying on prepackaged narratives to drum up fear about the direction of the economy and stock market.
It’s true that stocks haven’t done well over the past year. But since the onset of the pandemic, Dutta says there’s been a rise of alarmist analysts that rely on low-quality data to push people away from steady investments.