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Morning Brew Daily

Meet the New OpenAI Challenger & GenZ Investors LOVE Crypto

Jun 21, 2024
27:14
Snipd AI
Ex-OpenAI co-founder Ilya Sutskever starts own AI company focusing on safety. GenZ and millennials investing in luxury items. US car dealerships hacked twice. Amazon replacing plastic with recyclable paper. Beluga whales transported from war-torn Ukraine.
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Podcast summary created with Snipd AI

Quick takeaways

  • Gen Z investors opt for alternative investments like crypto over traditional assets, reallocating portfolios for higher risk tolerance.
  • Amazon's initiative to replace plastic air pillows with recyclable paper fillers promotes sustainability and cost efficiency.

Deep dives

Gen Z and Millennials Shift Towards Alternative Investments

Younger generations are turning away from traditional stocks and bonds, favoring alternative investments like real estate, crypto, and private equity. They allocate about one-third of their portfolios to these alternatives, compared to 6% by older investors. This shift is attributed to a wider array of accessible investment options and a greater willingness to take risks.

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