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A veteran tech investor says 'doom and gloom' over the AI boom is overblown, even though it has shades of the dot-com bubble

Paul Wick
Paul Wick is the CIO of Seligman Investments.

12/08

  • There are clear parallels between the AI boom and the dot-com bubble, tech investor Paul Wick says.
  • But solid demand, strong earnings, and less mania make for a "healthier" backdrop, Wick said.
  • Seligman's chief investor brushed off Michael Burry's worries but flagged some trends to watch.

The AI boom has shades of the dot-com bubble, but fears of an imminent crash and mass unemployment are overblown, a veteran tech investor says.

At the turn of this century, there was an explosion in dot-com startups being formed, and a huge infrastructure buildout with telecoms "aggressively" spending on wired and wireless networks, Paul Wick told Business Insider in an interview this week.

The chief investor of Seligman Investments — a group within Columbia Threadneedle Investments that manages over $40 billion of assets and comprises a hedge fund, a mutual fund, and a venture capital arm — said there were clear parallels between that period and the current boom in AI startups and data-center spending. He also noted that energy prices and interest rates jumped then as they've done this year.

But Wick noted there isn't the same IPO frenzy now, or the same "frenetic environment" where stocks soar fivefold or tenfold in a day. He also said that by late 2000, a slowdown in IT spending was being forecasted for 2001, whereas enterprise spending on AI remains strong and recent tech earnings have been robust.

Simply put, the situation seems "healthier" now than in 2000, he said.

Business Insider asked Wick about Michael Burry's warnings this year around AI. "The Big Short" investor has called out aggressive accounting, circular financing, hidden debt, and overinvestment in depreciating assets like microchips as reasons to be skeptical that the boom has legs.

Wick said that Burry, known for predicting and profiting from the collapse of the mid-2000s housing bubble, has been "early or downright wrong on many other things."

Burry has previously defended his track record, citing his correct predictions and sharing charts showing the timing of his market calls.

As for concerns about Nvidia's efforts to grow the AI ecosystem by investing in data center developers and software companies, Wick emphasized that the chipmaker is "extraordinarily profitable."

He cast doubt on whether Nvidia should spend its spare cash only on buybacks, rather than bolstering its customers, especially as several of the industry's biggest players are working to develop their own AI chips to reduce their reliance on Nvidia.

But he also flagged some industry trends to watch, including enterprise clients opting to use older models or build their own, and token pricing coming under pressure as users embrace open-source models, raising questions over the size of the market opportunity for the likes of OpenAI and Anthropic.

Navigating a new world

Wick weighed in on how a young person can get ahead in the AI era.

"It used to be that a degree in computer science was a ticket to success," he said.

A better option today might be to learn a trade, as there's "booming demand" for workers such as electricians and HVAC technicians, and they can make an "incredibly good living" without having to go to a four-year college, Wick said.

He also took aim at the "doom-and-gloom notion that AI is going to eviscerate demand" for human labor. He described that worry as a "little premature" as nobody knows for sure how AI will affect entry-level roles in the future, unemployment is yet to soar, and there's always inertia when it comes to businesses and consumers changing their behavior.

Read the original article on Business Insider
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As an executive, I took a 3-day PTO to be a housewife. I tackled my dusty to-do list and was more present at home.

folding laundry
The author (not pictured) used her stay-at-home PTO to tackle household to-do list items.

Annette Riedl/picture alliance via Getty Images

Leaning out

It was day two of my stay-at-home PTO. This is the time off that isn't for traveling or relaxing, but — as I told my group chat — to be a housewife.

And over three days, I was productive: I decluttered a closet, replaced a broken appliance, and even enjoyed a Pilates class at 11 a.m. Not only did I accomplish goals that had gotten dusty on my to-do list, but I also noticed other positive benefits. I listened more to my children and felt more present.

As an executive, I immediately wanted to repeat this: three days at the start of every quarter to simply be a housewife.

It's just one solution for what so many millennial women and mothers are trying to figure out as they climb the corporate ladder. While some are experimenting with balance, like me, others are simply leaning out altogether.

Business Insider's Julia Pugachevsky spoke to women in corporate America who, instead of continuing to aspire to the highest rungs of their organizations, became skeptical that they'd have the flexibility needed to do it all. So, they're leaning out.

It's what Trisha Daab, who had spent 20 years in corporate leadership roles, did. She took a year off. "I had no idea how tired I was until I stopped working," she said.

During that time, Daab volunteered at a food bank, tap danced, traveled, and spent more time with her children. She eventually decided she couldn't go back to the status quo. "Stepping away helped me realize my priorities had shifted," the 47-year-old said.

Former Meta COO Sheryl Sandberg, who coined the term "Lean In" to encourage women to pursue corporate leadership even when family obligations felt like another hurdle, told Business Insider that she understands why women are leaning out.

"This is not the women who are saying, 'I don't want to do it,'" Sandberg, 57, said. "It's the women saying, 'I don't want to do it because I'm not wanted, I'm not getting the same opportunities and the same support, and I face an unfair burden at home.'"

Sandberg said it's a shame because women leaders often advocate for policies that benefit women, such as egg freezing, lactation rooms, and competitive parental leave options.

"I just hope that enough women want those senior leadership roles," she added, "that we get the environment for women that they deserve."

Read the original article on Business Insider

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The talk show trying to help solve the entry-level job crisis

Man reads a resume
Job hunters can call in to 877UNMPLYD.

Maria Korneeva/Getty Images

  • The job market is rough right now; many would-be entry-level workers are still on the hunt.
  • A new Twitch show hopes to help answer labor market questions and offer job seekers advice.
  • So far, they've advised callers on everything from salaries to highlighting unique experience.

When Hans Romine finished his architecture degree in 2025, the 24-year-old began looking for work. After about 50 job applications yielded a single interview appointment, he started feeling despondent.

That's when a friend told him about a new show called 877UNMPLYD.

The show is on Twitch, a streaming platform favored by gamers and fans, but has an unlikely host: Jeremy Zimmer, the former CEO of United Talent Agency, along with digital-savvy producer Rachel Braun. The show offers career advice, discusses labor market news, and fields live call-ins from people looking for work.

When Romine called in, he mentioned he'd spent a few months as a recreation supervisor, building morale at an isolated research station in Antarctica. Zimmer and Braun found that the most interesting part of his whole story, and told him to play it up in applications and interviews.

Romine took their advice, and when he went in for that interview, he highlighted his experiences out on the tundra. After he landed the job, he called back in to let the hosts know.

That's the kind of win Zimmer and Braun hope to replicate. Over their first season, the duo hosted 12 episodes, with one episode filmed live on the streets of New York garnering over 54,000 views.

The show is a small experiment in career guidance at a moment when the entry-level job market is getting harder to navigate — especially in New York City. A new report from Partnership for New York City, a nonprofit business advocacy group, found that the number of entry-level jobs has shrunk disproportionately among professions highly exposed to AI; entry-level postings in design, media, and writing fell by 40.6%.

Nationally, employment in white-collar industries has fallen, even as output has gone up — indicating that AI might be effectively replacing entry-level white-collar work.

That dearth of entry-level opportunities is part of what spawned the show, a partnership between TikTok savant Adam Faze and the economic mobility nonprofit Schultz Family Foundation. Judith Dubin, the head of content at the foundation, said that they'd drilled down on investments in career navigation after recognizing how difficult it is to be graduating from high school or college into the current labor market.

"The current job marketplace is so disrupted with the advent of AI," Dubin said. "It's just an additional barrier for young people."

In August, Zimmer and Braun set up a desk on a plaza at Baruch College, with a sign that said "Ask a CEO," and fielded questions from students. One student asked for advice on how to negotiate salary expectations, especially in the interview process. Braun said that not all advice-seekers are new grads: One Gen X marketer called in after being laid off, feeling pushed out of the tech industry.

Going into the show, Zimmer focused on what it must feel like when getting a job is no longer as simple as putting your head down, working hard, and expecting things to work out.

"That age-old mantra doesn't feel as relevant today," Zimmer said. He's been struck by the contrast between callers who are hyper-focused on what they want, eschewing any concern about why that can't happen, and those who are baffled that they've applied for hundreds of jobs and haven't gotten any interviews. He's found both the naivety and the determination of the callers exciting.

Braun, the show's other host and a producer, said that AI emerged as a major theme throughout their first season — both the opportunities it presented and the way that it was shaking up the entry-level job hunt.

Romine, who landed a job, hopes that employers can once again understand the value of having fresh talent on their teams. But as the labor market continues its entry-level contraction, getting a leg up — even if it's through advice on a Twitch show — is ever more important.

"In the meantime, students and graduates need to really figure out how to work the current system and make themselves stand out in such an intense market," Romine said.

Read the original article on Business Insider

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I work in cybersecurity, but my mom lost $3,000 to online scams. Now, I do 3 things to keep her safe.

Mom and daughter photo
Jen Eaves works in cybersecurity and her mom still lost thousands to scams.

Courtesy of Jen Eaves

  • Jen Eaves' mother is 79 and lost more than $3,000 to online scams.
  • Eaves now monitors her mother's finances and says that was a hard conversation.
  • Digital caregiving is an important part of supporting aging parents, she says.

This as-told-to essay is based on a conversation with Jen Eaves, Digital Caregiving & Elder Fraud Advocate at Aura. It has been edited for length and clarity.

It's an odd shift in dynamic when you start caring for the people who always cared for you. My mother is 79, and lives with my brother, who handles most of her day-to-day physical care. I'm the one who handles the administrative side of care, like scheduling doctor appointments and keeping her safe online.

About six years ago, my mom had a stroke, and while she recovered fairly well, she wasn't the same cognitively as she had been before. Around that time, I began noticing her falling for scams online.

Once, she ordered a cure for diabetes, which she has. The product was supposedly being sold by a famous TV doctor. When she showed me the video ad, I could see it was badly done AI, with the supposed doctor's lips not matching his words.

There have been other scams and pitfalls, too: online orders that never arrive, or even a legitimate credit card that my mom opened without realizing what she was doing. All in all, she's lost about $3,000 to scams, though I've been able to recover most of it through her bank.

I've realized that I need to take a more proactive approach to digital caregiving to protect my mom's finances. Here's what I'm doing.

Approaching from a place of help and dignity

After my brother and I had taken my mom's keys away, her phone became her connection to the world. I wanted to respect that. While some people have to restrict their older parents' access to phones, that didn't feel right in my case.

It was critical to me that my mom kept her dignity and as much independence as possible. At the same time, I saw there was an emotional side to falling for a scam: she would feel frustrated and confused when it happened, and I wanted to spare her those negative emotions.

I never want my mom to feel like I'm parenting her. Instead, I pointed out the patterns I was seeing and emphasized I'm here to help if she's willing to let me be involved. The choice, ultimately, is hers. This would be a lot harder if she wasn't willing.

Talk about scams

My mom wasn't particularly tech savvy, even before her stroke. I've had to educate her about what scams look like. When she shared the famous doctor video, I pointed out the aspects that seemed AI-generated to me. I remind her that if it sounds too good to be true, it probably is. I emphasize that urgency is a big sign of a scam. The bank, I tell her, is never going to call you.

Once, she had a scam caller claiming to be Apple support. They asked for her Apple ID and password, which would have given them access to pretty much everything she has online.

Because of our conversations, my mom hesitated. She patched me into the call and asked the scammer to explain the situation to me. I was very proud that she recognized the scam and knew to ask me for help.

I monitor my mom's accounts

I worked in cybersecurity at Aura, which offers a lot of great products for keeping kids safe online. But my experience with my mom made me realize we were missing a whole vulnerable population: older adults.

I helped develop Trusted Family Access, which allows family members like me to see alerts from their loved ones' accounts, with permission. This gives me peace of mind that I can catch any issues quickly. It's also made other aspects of caregiving easier, like handling medical appointments, because I have access to all my mom's information in one place.

When my mom was scammed, it felt like I was a victim too. I spent hours calling her bank and credit cards to get her money back. If she were to lose her savings, it would impact the whole family. I'm grateful we've found a solution that empowers both of us to keep her finances safe.

Read the original article on Business Insider
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I held senior roles at Bank of America and EY. At 56, I can't find a job, and it led to a bit of a midlife crisis.

MacDermott
Siobhan MacDermott

Gabriela Hasbun for BI

This as-told-to essay is based on a conversation with Siobhan MacDermott, a 56-year-old tech founder based in Menlo Park, California. It's been edited for length and clarity.

I've never been underqualified for any job that I've applied to.

I was vice chair at Bank of America and principal at EY. I held senior roles in cybersecurity at AVG and McAfee. I've sat in boardrooms with Fortune 500 CEOs, advised governments, and built practices from scratch.

Then, in early 2024, when I was 54, I had to relocate from New York City to California for family reasons, leaving the management consulting job I'd held as a partner at The Consello Group. I didn't anticipate what could happen when someone tries to re-enter the institutional world in their 50s — particularly as a woman in a career space that doesn't fit neatly into a job description.

The most surprising barrier has been the gap between what I've actually done and what the market knows how to categorize. I'm worried because I'm not sure where the economy is heading, but I'm an absolute eternal optimist.

I'm not going to accept anything other than staying hopeful.

I felt like my job application was going into the ether

It's been frustrating to watch organizations that desperately need exactly what I've built not hire me.

When I started my job search, I reached out to my network to try to figure out what I could do, who'd vouch for me, and where open positions were. A lot of senior roles were being downsized, but I had a lot of people who initially wanted to help me find something.

The strategies that were a complete waste of time were LinkedIn Easy Apply, recruiter calls that went nowhere, and any process that involved a 45-minute competency-based interview with someone who'd never heard of the big companies I've worked for.

MacDermott
Despite her

GabrielaHasbun for BI

I spent the better portion of every day for over a year applying and looking for jobs. I obsessively searched on LinkedIn for new positions, applying over and over again on the site, company websites, emails, and more, but getting nowhere.

I sent out countless résumés and barely got any responses. These are jobs that I know I'm qualified or overqualified to do, but sometimes I didn't even get the courtesy of the automated "thank you for applying" response.

It was like my application went into the ether. I'd try to find the head of HR for these companies on LinkedIn and reach out to them because I wanted the feedback.

I started trying to think of interesting ways to get attention

The strategy that worked the best during my job search was bypassing HR entirely and using direct outreach to CEOs and board members.

I'd send them letters not even related to a job, but more of an observation of their company to get their attention. I tried to be crafty, saying, "Based on my external assessment of your company, here are some things that I think you should be doing as you think through your next quarter."

Reaching out to CEOs got me in the door, but then they'd send me down to somebody who was pretty junior who'd say, "You're overqualified for this job." They'd courtesy interview me because they'd been told to, but it didn't go beyond that.

Sometimes a CEO would send me to HR, and HR would look at my skill set and say, "It doesn't quite match."

That happened quite a few times.

I adjusted my LinkedIn profile to get a better response, and that helped

I changed my gender to male and back to female a bunch of times to see if it made a difference — I didn't change my pronouns, just my actual gender. I felt like I had more responses on LinkedIn being thought to be male than female.

I also think being in Silicon Valley, you age out a lot faster than you do in other parts of the US, and it's definitely a highly male- dominated space. I had those two things working against me from the get-go.

So I removed the first six years of my career from my work experience on LinkedIn, and I took the dates off of my degrees so that people couldn't tell my age. This made me seem seven to 10 years younger, potentially. Once I took those dates off, I felt like I got more engagement on the site.

My job search in Silicon Valley went nowhere, so I decided to pivot and launch my own venture

I started my company out of necessity, and also out of intellectual boredom. I felt like my brain was starting to rot.

It happened about a year into job searching, when I started feeling financial pressure and frustration. I didn't want my full-time job to be looking for a job. My search wasn't looking like it was going anywhere in the foreseeable future, especially out in Silicon Valley. If you're a computer scientist or an engineer, there are jobs available, but I couldn't find a lot out here not in that space.

I started thinking, what am I good at? What do I know? What are all the pieces that I could put together? What problem can I identify that needs to be solved? That came together pretty quickly, and I launched two companies — Khaos Holdings, a strategic risk-intelligence company, and TeenAegis, a child-safety intelligence business, in January.

We're raising capital, and if the capital comes in, that will be the end of my job search. If the capital doesn't come in, then I'll keep searching — but I've decided that whatever I do will be adjacent to the problem I'm trying to solve now.

MacDermott

Gabriela Hasbun for BI

One good thing came out of the 2 years since my last job

Being out of work for two years shifted my retirement timeline eight to 10 years from digging into savings. However, since my job search started, I've really homed in on what I want to do with the rest of my career.

The journey I went on was a little bit of a midlife crisis. I asked myself, "What's my purpose in life?" as opposed to "What job do I want to have?" and then identified what skill set could bring me to that.

What led me to where I am was really thinking through questions like: What are all the issues that matter to me? What legacy do I want to leave? How do I want to think about my future for the next 10 or 15 years? How do I want to show up every day?

In the beginning, I was going to apply to anything that I could qualify for that would get me some money. Now I'm not going to do that because I don't think that's going to actually be fulfilling or make me happy. My sense of stability has required a deliberate reframe — from "security comes from a salary" to "security comes from what I've built and what I know."

I'm determined to make this work, but I also realize it may not

The hardest thing is maintaining a positive attitude day after day. If my company doesn't work out, then it's not like I can stop trying.

Taking mental health breaks is important because it's overwhelming, lonely, and hard. You lose your sense of self-worth when you're in this position; people look at you like, "Oh, you're the person who's still looking for a job." So it's hard to continue to put yourself out there.

Still, I do believe there's light at the end of the tunnel. It's just the question of how long the tunnel is.

Do you have a story to share about navigating your career in your 50s? If so, please reach out to the editor, Manseen Logan, at mlogan@businessinsider.com.

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Forget free lunch. Some workers just want an office bidet.

A person in a white shirt, excited, raises both arms while facing an open bathroom stall with a bidet toilet.

Getty Images; Alyssa Powell/BI

  • The great bidet takeover has reached the workplace.
  • White-collar workers are bartering with their bosses and weighing job offers over bidet access.
  • "It's the superior way to live," one said.

Seungmin Hong felt he had two options: Stay at Tesla or have a clean tush.

After finishing an engineering internship at the automotive giant last year, the University of Waterloo student was weighing whether to stick around or accept a job offer from much smaller Simbe Robotics.

During Hong's final interview at Simbe's San Francisco office, he asked to use the restroom, and there it was: a glistening, inviting bidet.

"That cemented in my mind: 'Yeah, this company actually cares about their employees,'" said Hong, who grew up with a bidet in the bathroom of his childhood home. He took the job.

Move over espresso machines, ping-pong tables, and nap pods. For workers like Hong, the humble bidet is the ultimate job perk.

In recent years, the hygiene-friendly fixtures have gone from novelty to must-have for many US households. Toto, one of the biggest manufacturers in the space, said cumulative global sales of its Washlet bidets surpassed 70 million units last year, up from 50 million in 2019. High-profile fans include Dodgers pitcher Shohei Ohtani, actor Janelle James, and New York mayor Zohran Mamdani.

Now, some devotees are pushing to make bidets a standard in offices. Once you get used to one at home, they say, going bidet-less at work is a pain in the rear.

Michael Fiore used to sometimes get about halfway through his commute, then turn around and drive back home just so he could use the bidet in his bathroom. About a year ago, he had an epiphany: Why not install a bidet at work, too?

So he did.

"It's been a total game changer," said Fiore, president of Smith's Gardentown, a retail garden center in Wichita Falls, Texas. "It's the superior way to live."

There's just one wrinkle. Employees who were accustomed to using the restrooms available to shoppers have started coming to what Fiore jokingly calls the "executive" bathroom, which is reserved for staff. It houses one bidet-equipped toilet, meaning he now often has to wait to use it himself.

"Word has spread," he said.

Persuading the boss

This past summer, Cynthia Howard asked her boss to install a bidet in the single-seat restroom she shares with about a dozen of her colleagues. The fulfillment specialist at Swifthouse, a logistics company outside Philadelphia, argued it would reduce toilet paper costs, cut employees' restroom time, and improve morale.

Swifthouse's founder and CEO, Dave Harriger, said the proposal persuaded him to order a $60 bidet attachment that same day. He said he's pleased that Howard and other employees like it, though he's not a convert himself.

"I used it once. I yelped and don't know if I'll use it again," he said. "It's cold water on your butt."

Man and woman in an office bathroom with a bidet attached to the toilet.
Swifthouse CEO Dave Harriger was persuaded by his employee, Cynthia Howard, to order a $60 bidet attachment in the office restroom.

Shifthouse

Pricier bidet models that sell for thousands of dollars apiece offer warm-water sprays, air dryers, deodorizers, and even Bluetooth speakers.

Not every worker is comfortable asking their boss to install the devices in the office. To help those folks out, Jonathan Brown, a data scientist in Orange County, California, launched buttstuff.work earlier this year. The site lets employees register their interest in having bidets at work without directly approaching management.

Brown said he has long wondered why Silicon Valley workplaces offer perks like beer taps and catered lunches but not bidets. He plans to share the data his site collects with bidet manufacturers to help them find potential customers. So far, Brown said, about a dozen people, mostly from small businesses and universities, have signed up. His only promotion has been a post on Reddit.

"People don't love talking about bathroom stuff at work," said Brown.

The bidet goes to work

Bidet makers say interest has surged since what Bill Strang, president of corporate strategy at Toto, called "the great toilet paper panic of 2020," when pandemic shortages sent Americans searching for alternatives.

Strang and Justin Allen, CEO of Tushy, another bidet maker, said workplaces are a relatively small but growing part of the bidet business. Installing the devices in office restrooms can be challenging, as some require plumbing modifications, code compliance, and a nearby electrical outlet.

Allen sees the demand firsthand. The bidets in Tushy's shared office restroom in Brooklyn, New York, are a draw for employees of neighboring companies, he said, adding that a FedEx driver regularly stops by during his route to use the facilities.

Cushy tech companies have long dotted their stalls with bidets. Business Insider spoke with workers who spotted them years ago at some Google and Microsoft offices. Now, with awareness and interest spreading, some workplace observers say what was once a nice-to-have perk could become a competitive advantage for employers well beyond Silicon Valley.

A recruiting tool

Robert Hatta, an executive recruiter and talent consultant in Columbus, Ohio, thinks employers pushing return-to-office mandates would have a much easier time attracting and retaining talent by investing in the fixtures.

In a LinkedIn post that drew nearly 150 comments last year, Hatta argued that flimsy toilet paper and a lack of privacy can make office life less appealing. His prescription? Sound-insulated, well-ventilated stalls, preferably equipped with bidets.

"It's about respecting people's dignity," Hatta told Business Insider. Going to the bathroom "is an important part of the workday."

The state of a workplace's facilities can reveal a lot about its culture, said Lou Downe, director of the School of Good Services, a UK-based provider of leadership training. Details such as free menstrual products, well-maintained soap dispensers, and bidets can offer clues about how much thought an employer puts into its workers' comfort, they said.

Simantic cofounder Seungmin Hong is pictured.
Seungmin Hong said access to a bidet was a factor in picking his last job.

Seungmin Hong

Hong, the bidet-loving Tesla alum, has since left Simbe to build his own startup, Simantic. While the company goes through Y Combinator, he and his cofounder are shacking up in an Airbnb. No modifications are allowed, so no bidets.

Once Simantic raises its seed round, Hong said he and his cofounder plan to rent some office space. He knows what their first purchase will be.

Read the original article on Business Insider
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Are you a mom who drives for Uber or Lyft? Take our survey

A woman wearing glasses holds the steering wheel of a Kia car while smiling. To her right, a smartphone sits in a holder attached to the inside of the windshield and plugged into a charger.
Business Insider wants to hear from moms who work for Uber and Lyft.

: Jeffrey Greenberg/Universal Images Group via Getty Images

  • Being a mom can be challenging and expensive.
  • Some have turned to apps like Uber and Lyft to make extra money — or as their main source of income.
  • Fill out our survey if you're a mom who does gig work.

Uber and Lyft often talk about the flexibility of working as a driver on their apps.

That aspect of the gig has attracted moms, among other people who often want to earn money outside a 9-to-5 schedule. The job can be appealing to mothers who need to juggle school drop-offs, childcare, and other obligations of parenting.

Others, including single moms, say they feel stuck in ride-hailing work and end up having to drive for Uber or Lyft at set times anyway, depending on when the most passengers need rides.

With costs like childcare and college rising, Uber and Lyft offer some moms a way to make extra money — if they can earn enough on the apps and keep costs like gas and car maintenance under control.

Business Insider wants to speak with moms who drive for Uber, Lyft, or other ride-hailing apps. We want to hear about how you combine the gig with taking care of your kids, including both what's working and what isn't. Please fill out the survey below.

Read the original article on Business Insider

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A Ph.D. led me to my dream job at Intel. At age 41, I started an MBA because I realised I was still missing key skills.

Mihirkant Upadhyaya is sitting on a wall in front of snowy mountains.
Upadhyaya is a supply chain program manager at Intel.

Courtesy of Mihirkant Upadhyaya

  • Mihirkant Upadhyaya has a Ph.D. and more than 10 years of experience at Intel.
  • But at age 41, he embarked on gaining another degree to level up in his career.
  • Upadhyaya says that doing an MBA equips him with skills that AI lacks.

This as-told-to essay is based on a conversation with Mihirkant Upadhyaya, 42, who works at Intel and lives in Oregon. The following has been edited for length and clarity. Business Insider has verified his employment and education.

After studying computer engineering for my bachelor's, I pivoted into physics.

Two master's degrees and a Ph.D. in nanoscale science and engineering later, I got my dream job in the semiconductor industry at Intel in 2015.

As my career evolved, I realized I also wanted to do an MBA to step up my game.

My Ph.D. gave me relevant skills to take on the workforce

During my Ph.D., I focused on a semiconductor manufacturing technology called EUV lithography. I was excited to work at Intel because it does both chip design and manufacturing, so I knew I'd get a good overview of the chip-making process.

You don't need a Ph.D. to work in semiconductors, as there are so many areas outside the lab you can work in, like finance and legal.

On a personal level, though, having a Ph.D. helped me feel prepared to step into the workforce. It gave me discipline and the ability to be comfortable with ambiguity. My research mindset and technical background gave me the confidence to take ownership of outcomes and tasks.

There were definitely moments where I had self-doubt doing a Ph.D. You watch your peers go on to earn big bucks after their bachelor's and master's while you live on a modest stipend. However, the experience shaped me into who I am. I'd say I'm more patient, sharper, and more resilient.

I reached a stage where I felt I needed more education to thrive in my job

After about five years in research and development at Intel, I moved into supply chain roles, which have involved managing relationships and negotiating contracts. At this point, I realized I was missing certain skills.

My current role has a greater emphasis on executive communication and financial analysis. When I presented to an executive team, my manager had to step in on a number of occasions to get the room to respond, making what I was saying more high-level using business-driven terms. I also didn't quite understand certain things when I worked with the finance teams on contract negotiations.

To step up my game, I started a two-year hybrid MBA course in September 2025, alongside my full-time job. It was energizing to get back to the classroom at age 41.

I take one week off a quarter to do in-person sessions, and the rest of the time I'm doing online learning three days a week. My company is partly funding this, which is useful since MBAs can carry a $100,000 price tag.

Upadhyaya is standing on his university campus, in front of a big building.
Upadhyaya estimates that he's invested $100,000 into his post-graduate education.

Courtesy of Mihirkant Upadhyaya

By the time I've finished my MBA, I'll have done nine years of postgraduate study, investing an estimated $100,000 into that education, aside from scholarships and tuition waivers. Without question, it's been worth it. I haven't pursued the degrees to accumulate credentials, but to serve my career at various stages of my life. The MBA is addressing a concrete skills gap I identified after years in my industry.

I believe higher education is helping me become more irreplaceable in the age of AI

The AI boom made me take a hard look at what I bring to the table. I saw that some of what I did could eventually be automated. That realization was humbling.

Instead of trying to compete with what AI is already good at, I wanted to strengthen the areas where I knew it fell short. AI is great at processing and analyzing information. It has scale and speed, but it lacks the truly insightful judgment that a person can gain from years of learning a skill.

Upadhyaya is sitting on a wall in front of a mountain and trees.
Upadhyaya said he's encountered limits to AI's capabilities.

Courtesy of Mihirkant Upadhyaya

In my previous role at Intel, I found that AI couldn't tell me how to troubleshoot issues involving new or custom-made equipment because the context was so unique to my situation.

Meanwhile, in my current role, while AI could probably help me generate financial models, it can't read the room, build relationships, or have synergy with another person. My MBA course benefits me in this regard because we do lots of group activities, even online through Zoom, where we can interact with each other.

I think that in the age of AI, finding a field you really care about, becoming an expert in it, and staying curious to keep learning can help you become irreplaceable.

Intel declined to comment in response to a request from Business Insider.

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