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Business Insider Wiki2Web Clarity Challenge

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Study Guide: Business Insider: A Comprehensive Overview

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Business Insider: A Comprehensive Overview Study Guide

Founding and Early Development

Kevin P. Ryan, Dwight Merriman, and Henry Blodget were the sole founders of Business Insider.

Answer: True

Explanation: Business Insider was founded by Kevin P. Ryan, Dwight Merriman, and Henry Blodget.

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'Silicon Alley Insider' and 'Clusterstock' were early industry vertical blogs that merged to form Business Insider.

Answer: True

Explanation: The initial industry vertical blogs that consolidated to form Business Insider were 'Silicon Alley Insider' and 'Clusterstock'.

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Gordon Crovitz, a former editor of The New York Times, was an early investor in Business Insider.

Answer: False

Explanation: Gordon Crovitz, who previously served as the publisher of The Wall Street Journal, was an early investor in Business Insider, not an editor of The New York Times.

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Business Insider first achieved profitability in the fourth quarter of 2010.

Answer: True

Explanation: Business Insider first achieved profitability in the fourth quarter of 2010.

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Business Insider recorded 5.4 million unique visitors in June 2012.

Answer: True

Explanation: In June 2012, Business Insider recorded 5.4 million unique visitors.

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Jeff Bezos was an investor in Business Insider, holding approximately 10% of the company by 2015.

Answer: False

Explanation: Jeff Bezos's investment company, Bezos Expeditions, held approximately 3 percent of Business Insider by 2015, not 10%.

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In April 2011, Henry Blodget invited publicists to submit press releases for publication.

Answer: False

Explanation: In April 2011, Henry Blodget invited publicists to 'contribute directly' to Business Insider, not specifically to submit press releases for publication.

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Time magazine recognized the 'Clusterstock' section as a top financial blog in 2009.

Answer: True

Explanation: Time magazine included the 'Clusterstock' section in its list of the 25 best financial blogs in January 2009.

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PC Magazine listed 'Silicon Alley Insider' as one of its favorite blogs in 2009.

Answer: True

Explanation: PC Magazine included 'Silicon Alley Insider' among its favorite blogs of 2009.

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Identify the original founders of Business Insider from the options below.

Answer: Kevin P. Ryan, Dwight Merriman, and Henry Blodget

Explanation: The original founders of Business Insider were Kevin P. Ryan, Dwight Merriman, and Henry Blodget.

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In what year was Business Insider initially launched?

Answer: 2007

Explanation: Business Insider was initially launched in 2007.

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Which two initial blogs merged to form the basis of Business Insider?

Answer: Silicon Alley Insider and Clusterstock

Explanation: The initial industry vertical blogs that merged to form the basis of Business Insider were 'Silicon Alley Insider' and 'Clusterstock'.

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Who was an early investor in Business Insider with a background as publisher of The Wall Street Journal?

Answer: Gordon Crovitz

Explanation: Gordon Crovitz, who previously served as the publisher of The Wall Street Journal, was an early investor in Business Insider.

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When did Business Insider first achieve profitability?

Answer: 2010

Explanation: Business Insider first achieved profitability in the fourth quarter of 2010.

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How many unique visitors did Business Insider record in June 2012?

Answer: 5.4 million

Explanation: In June 2012, Business Insider recorded 5.4 million unique visitors.

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What was the approximate ownership stake held by Jeff Bezos's investment company in Business Insider by 2015?

Answer: 3%

Explanation: Jeff Bezos's investment company, Bezos Expeditions, held approximately 3 percent of Business Insider by 2015.

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What did Henry Blodget invite publicists to do in April 2011?

Answer: To contribute directly to Business Insider.

Explanation: In April 2011, Henry Blodget invited publicists to contribute directly to Business Insider.

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Which magazine listed 'Silicon Alley Insider' as one of its favorite blogs in 2009?

Answer: PC Magazine

Explanation: PC Magazine listed 'Silicon Alley Insider' as one of its favorite blogs in 2009.

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Ownership and Corporate Evolution

Axel Springer SE, a German publishing house, acquired a majority stake in Insider Inc. in 2015.

Answer: True

Explanation: Axel Springer SE, a German publishing house, acquired a majority stake in Insider Inc. in 2015.

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Axel Springer SE's acquisition of a majority stake in Insider Inc. valued the company at approximately $343 million.

Answer: False

Explanation: The acquisition of a majority stake by Axel Springer SE in 2015 implied a total company valuation of $442 million, not $343 million.

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In 2020, Business Insider's parent company merged with the parent company of eMarketer.

Answer: True

Explanation: In 2020, the parent companies of Business Insider and eMarketer merged.

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Business Insider's parent company acquired a majority stake in The New York Times in October 2020.

Answer: False

Explanation: In October 2020, Business Insider's parent company acquired a majority stake in Morning Brew, not The New York Times.

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Markets Insider was developed independently by Business Insider.

Answer: False

Explanation: 'Markets Insider' was developed as a joint venture with Finanzen.net, a company owned by Axel Springer, not independently.

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Which entity holds a majority stake in Business Insider's parent company, Insider Inc.?

Answer: Axel Springer SE

Explanation: The German publishing house Axel Springer SE has owned a majority stake in Insider Inc. since 2015.

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What was the total valuation of Insider Inc. implied by the 2015 Axel Springer SE acquisition?

Answer: 442 million

Explanation: The acquisition of a majority stake by Axel Springer SE in 2015 implied a total company valuation of $442 million.

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What significant corporate event involving Business Insider's parent company occurred in 2020?

Answer: Merger with the parent company of eMarketer

Explanation: In 2020, the parent companies of Business Insider and eMarketer merged.

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In October 2020, Business Insider's parent company acquired a majority stake in which popular newsletter?

Answer: Morning Brew

Explanation: In October 2020, Business Insider's parent company acquired a majority stake in the popular newsletter 'Morning Brew'.

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With which company was 'Markets Insider' developed as a joint venture?

Answer: Finanzen.net (owned by Axel Springer)

Explanation: 'Markets Insider' was developed as a joint venture with Finanzen.net, a company owned by Axel Springer.

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Brand Identity and Evolution

Business Insider ceased operations in 2020.

Answer: False

Explanation: Business Insider is currently active and did not cease operations in 2020.

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The name 'Business Insider' is typically presented in lowercase letters.

Answer: False

Explanation: The name 'Business Insider' is typically presented in all capital letters, as BUSINESS INSIDER, not in lowercase.

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Between 2021 and 2023, the brand operated under the name 'Business Insider Global'.

Answer: False

Explanation: Between 2021 and 2023, the brand operated under the name INSIDER, not 'Business Insider Global'.

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The brand name change to 'Insider' in 2021 was intended to focus solely on financial news.

Answer: False

Explanation: The brand name change to 'Insider' from 2021 to 2023 was intended to publish general news and lifestyle content, not solely financial news.

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In early 2020, CEO Henry Blodget set goals for Business Insider to reach 10 million subscribers and employ over 500 staff.

Answer: False

Explanation: The ambitious goals set by CEO Henry Blodget in early 2020 included reaching 1 million subscribers and employing over 1,000 newsroom staff, not 10 million subscribers or 500 staff.

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The technology website 'Tech Insider' was launched in July 2015 and later became a standalone publication.

Answer: False

Explanation: After its launch in July 2015, the technology website 'Tech Insider' was eventually integrated back into the main Business Insider website, not becoming a standalone publication.

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Jamie Heller was appointed editor-in-chief of Business Insider in 2024, having previously worked at The New York Times.

Answer: False

Explanation: Jamie Heller was appointed editor-in-chief of Business Insider in 2024, having previously worked as an editor at The Wall Street Journal, not The New York Times.

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What was the brand's name between 2021 and 2023?

Answer: INSIDER

Explanation: Between 2021 and 2023, the brand operated under the name INSIDER.

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Which of the following was NOT among the ambitious goals set by CEO Henry Blodget in early 2020?

Answer: Launch a dedicated podcast network

Explanation: The ambitious goals set by CEO Henry Blodget in early 2020 included reaching 1 million subscribers, 1 billion unique visitors per month, and employing over 1,000 newsroom staff. Launching a dedicated podcast network was not among these stated goals.

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What happened to the technology website 'Tech Insider' after its launch in July 2015?

Answer: It was integrated back into the main Business Insider website.

Explanation: After its launch in July 2015, the technology website 'Tech Insider' was eventually integrated back into the main Business Insider website.

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Who was appointed editor-in-chief of Business Insider in 2024?

Answer: Jamie Heller

Explanation: Jamie Heller was appointed editor-in-chief of Business Insider in 2024.

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Operations and Global Reach

The headquarters of Business Insider are located in London, United Kingdom.

Answer: False

Explanation: Business Insider's headquarters are located in New York City, U.S., not London, United Kingdom.

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Business Insider does not have any international editions.

Answer: False

Explanation: Business Insider operates several international editions, including one in the United Kingdom.

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The UK edition of Business Insider was launched in November 2014.

Answer: True

Explanation: The United Kingdom edition of Business Insider was launched in November 2014.

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The Singapore bureau of Business Insider was established in September 2020.

Answer: True

Explanation: The Singapore bureau of Business Insider was established in September 2020.

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Where is Business Insider's main headquarters located?

Answer: New York City, U.S.

Explanation: Business Insider's main headquarters are located in New York City, U.S.

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Which of the following is true regarding Business Insider's international operations?

Answer: It has several international editions, including one in the UK.

Explanation: Business Insider operates several international editions, including one in the United Kingdom.

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When was the United Kingdom edition of Business Insider launched?

Answer: November 2014

Explanation: The United Kingdom edition of Business Insider was launched in November 2014.

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Content, Editorial Practices, and Criticism

Business Insider is primarily known as a platform for celebrity gossip and entertainment news.

Answer: False

Explanation: The source identifies Business Insider primarily as a financial news website, not a platform for celebrity gossip or entertainment news.

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Insider exclusively publishes original reporting and does not aggregate content from other news outlets.

Answer: False

Explanation: Insider publishes original reporting and also aggregates material from other news outlets.

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As of 2011, Business Insider had a very restrictive policy regarding the use of anonymous sources.

Answer: False

Explanation: As of 2011, Business Insider maintained a liberal policy regarding anonymous sources, permitting their use 'at any time for any reason'.

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Criticism against Business Insider has included accusations of using misleading headlines to drive traffic.

Answer: True

Explanation: Business Insider has faced criticism for employing headlines that are factually inaccurate or sensationalized to attract clicks.

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A CNN report indicated that departing staff felt traffic generation became more important than in-depth reporting after the Axel Springer acquisition.

Answer: True

Explanation: According to a CNN report, some departing staff members expressed that 'traffic took precedence over enterprise reporting' following the Axel Springer acquisition.

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BI Prime, launched in 2017, was a free service offering curated news summaries.

Answer: False

Explanation: BI Prime was a subscription service launched in 2017 that required users to pay to access certain articles on the Business Insider website, not a free service.

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Confidentiality agreements signed by Business Insider staff in 2018 included a clause preventing them from criticizing the company.

Answer: True

Explanation: The confidentiality agreements signed by staff in 2018 included a nondisparagement clause, which prohibited them from criticizing the company during or after their employment.

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In 2011, Business Insider targeted a broad audience including general readers and students.

Answer: False

Explanation: In 2011, Business Insider's primary target audience was limited to investors and financial professionals, not a broad audience including general readers and students.

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BI Intelligence, established in 2013, is a free division focused on market trends.

Answer: False

Explanation: BI Intelligence, established in 2013, is a paid division of Business Insider focused on providing research and analysis, not a free division.

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'Insider Picks,' launched in 2015, aimed to help consumers make purchasing decisions.

Answer: True

Explanation: Launched in 2015, 'Insider Picks' was designed to assist shoppers in making informed purchasing decisions.

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Glenn Greenwald praised Business Insider's reliability while criticizing other publications.

Answer: False

Explanation: Glenn Greenwald critiqued the reliability of Business Insider, mentioning it alongside publications such as The Wall Street Journal, Yahoo! News, and Slate.

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Business Insider published false reports, including one alleging Steve Jobs had suffered a heart attack.

Answer: True

Explanation: Business Insider has published false reports, including one alleging that Steve Jobs had suffered a heart attack.

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As of September 2011, Business Insider's policy allowed anonymity for sources only for critical national security information.

Answer: False

Explanation: As of September 2011, Business Insider's policy stated that it would grant anonymity to any source 'at any time for any reason', not only for critical national security information.

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In 2013, Business Insider granted SAP complete editorial control over its 'Future of Business' section.

Answer: False

Explanation: Business Insider provided SAP with 'limited editorial control' over its 'Future of Business' section in 2013, not complete control.

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An investigation into AI-generated articles led to the removal of content from Business Insider and Wired.

Answer: True

Explanation: An investigation into AI-generated articles led to the removal of content from both Business Insider and Wired.

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According to The New York Times in January 2014, Business Insider's web traffic surpassed that of The Wall Street Journal.

Answer: False

Explanation: In January 2014, The New York Times reported that Business Insider's web traffic levels were comparable to those of The Wall Street Journal, not that they surpassed it.

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What is the primary classification of the website Business Insider?

Answer: A financial news website

Explanation: Business Insider is primarily classified as a financial news website.

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How does Insider typically source its published content?

Answer: Through a combination of original reporting and aggregated material.

Explanation: Insider typically sources its published content through a combination of original reporting and aggregated material from other news outlets.

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What was Business Insider's stance on anonymous sources as of 2011?

Answer: Liberal policy, allowing them 'at any time for any reason'.

Explanation: As of 2011, Business Insider maintained a liberal policy regarding anonymous sources, permitting their use 'at any time for any reason'.

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What criticism has Business Insider faced regarding its headlines?

Answer: Headlines often contained factual inaccuracies to attract clicks.

Explanation: Business Insider has faced criticism for employing headlines that are factually inaccurate or sensationalized to attract clicks.

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What was the primary function of the 'BI Prime' subscription service launched in 2017?

Answer: To grant users access to certain paywalled articles.

Explanation: The 'BI Prime' subscription service, launched in 2017, granted users access to certain paywalled articles on the Business Insider website.

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What was the primary target audience for Business Insider in 2011?

Answer: Investors and financial professionals

Explanation: In 2011, Business Insider's primary target audience was limited to investors and financial professionals.

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What was the purpose of 'Insider Picks,' launched in 2015?

Answer: To help shoppers make purchasing decisions.

Explanation: Launched in 2015, 'Insider Picks' was designed to assist shoppers in making informed purchasing decisions.

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Who critiqued the reliability of Business Insider, mentioning it alongside other publications like Yahoo! News and Slate?

Answer: Glenn Greenwald

Explanation: Glenn Greenwald critiqued the reliability of Business Insider, mentioning it alongside publications such as The Wall Street Journal, Yahoo! News, and Slate.

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What level of editorial control did Business Insider provide SAP over its 'Future of Business' section in 2013?

Answer: Limited editorial control

Explanation: Business Insider provided SAP with 'limited editorial control' over its 'Future of Business' section in 2013.

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Awards, Recognition, and Recent Developments

In 2023, Business Insider began integrating artificial intelligence products and significantly reduced its staff.

Answer: True

Explanation: In 2023, Business Insider began integrating artificial intelligence products and significantly reduced its staff.

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Business Insider aims for all employees to regularly use Enterprise ChatGPT.

Answer: True

Explanation: Business Insider aims for all employees to regularly use Enterprise ChatGPT, with a target utilization rate of 100%.

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Since April 2023, Business Insider has increased its staff by over 50%.

Answer: False

Explanation: Since April 2023, Business Insider has reduced its staff by nearly 40%, not increased it.

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In 2022, Insider won a Pulitzer Prize for its coverage of international politics.

Answer: False

Explanation: In 2022, Insider won the Pulitzer Prize for Illustrated Reporting and Commentary, not specifically for international politics coverage.

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The Pulitzer Prize-winning report in 2022 was titled 'How I escaped a Chinese internment camp'.

Answer: True

Explanation: The 2022 Pulitzer Prize-winning illustrated report was titled 'How I escaped a Chinese internment camp'.

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Business Insider received a Webby Award for Best Business Blog in 2009.

Answer: True

Explanation: In 2009, Business Insider was honored as an official Webby honoree for Best Business Blog.

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In 2012, Business Insider was recognized on the Forbes list of top technology companies.

Answer: False

Explanation: In 2012, Business Insider was named to the Inc. 500 list, which ranks the fastest-growing private companies, not specifically a Forbes list of top technology companies.

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In 2017, the imprint 'Insider' was nominated for 'Best New Vertical' and 'Best Use of Instagram' at the Digiday Publishing Awards.

Answer: True

Explanation: In 2017, 'Insider' was nominated for 'Best New Vertical' and 'Best Use of Instagram' at the Digiday Publishing Awards.

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By May 2025, over 70% of Business Insider employees were regularly using Enterprise ChatGPT.

Answer: True

Explanation: By May 2025, over 70% of Business Insider employees were regularly using Enterprise ChatGPT, with the company aiming for 100% utilization.

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What significant technological shift has Business Insider been implementing since 2023?

Answer: Developing advanced AI products and integrating them into operations.

Explanation: Since 2023, Business Insider has been implementing a significant technological shift by developing and integrating advanced AI products into its operations.

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What has been the staffing trend at Business Insider since April 2023?

Answer: Staff numbers have been reduced by nearly 40%.

Explanation: Since April 2023, Business Insider has experienced a significant reduction in staff, decreasing by nearly 40%.

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For which category did Insider win a Pulitzer Prize in 2022?

Answer: Illustrated Reporting and Commentary

Explanation: Insider won a Pulitzer Prize in 2022 in the category of Illustrated Reporting and Commentary.

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What was the subject of the 2022 Pulitzer Prize-winning report by Insider?

Answer: China's persecution of Uyghurs

Explanation: The 2022 Pulitzer Prize-winning illustrated report by Insider, titled 'How I escaped a Chinese internment camp,' detailed China's persecution of Uyghurs.

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In 2012, Business Insider was recognized on which list of fast-growing companies?

Answer: Inc. 500

Explanation: In 2012, Business Insider was recognized on the Inc. 500 list, which ranks the fastest-growing private companies in the United States.

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What was the target utilization rate for Enterprise ChatGPT among Business Insider employees by May 2025?

Answer: 100%

Explanation: By May 2025, Business Insider was aiming for 100% utilization of Enterprise ChatGPT among its employees.

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