Nearly half of American families have no retirement savings at all according to the Economic Policy Institute. The figure is even lower for Hispanic families with some estimating as few as one in four Latino families has a retirement account. That is why Carlos Garcia started Finhabit.
Finhabit is an app that comes in both English and Spanish and helps users start saving for retirement. Garcia wanted to start this product after his own personal experience. Garcia grew up on the Texas-Mexico boulder and despite being taught the importance of working hard, his parents did not display retirement saving habits. So even when Garcia started his first job at Merril Lynch, he was still behind. Garcia missed out on 2-years of saving for his 401K with a company-matching program because he had never heard of something like that.
Garcia says Finhabit has been growing by 100% each month and feels strong about future growth. The hope is to both educate Latinos and set more families about for secure financial futures.
OpenAI has announced that ChatGPT will soon engage in "erotica for verified adults." CEO Sam Altman says the company aims to allow more user freedom for adults while setting limits for teens. OpenAI isn't the first to explore sexualized AI, but previous attempts have faced legal and societal challenges. Altman believes OpenAI isn't the "moral police" and wants to differentiate content similar to how Hollywood differentiates R-rated movies. This move could help OpenAI, which is losing money, turn a profit. However, experts express concerns about the impact on real-world relationships and the potential for misuse.
CNN is launching a new “All Access” streaming subscription in the U.S. on October 28th, priced at $6.99 a month, or just $69.99 if you sign up for a full year.
WSJ’s Alexander Gladstone reveals the story behind First Brands’ sudden bankruptcy: hidden deals, corporate chaos, and a mystery that shook the auto world.
