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           Plus: Explaining stock buybacks, sausage mayhem, how to see a rare comet, and more.
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                  <p style="padding-bottom: 10px; font-size: 16px; line-height: 140%; margin: 5px 0px 0px;">
                   Rolex is demanding that Oyster &amp; Pop rebrand, arguing people will confuse the company’s colorful, educational wall clocks for children (~$25) with its Oyster Perpetual watches for adults, which retail for thousands.
                  </p>
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                   <strong>
                    In today’s email:
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                   <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                    <strong>
                     ChatGPT:
                    </strong>
                    Could it earn an MBA?
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                    <strong>
                     Chart:
                    </strong>
                    What are stock buybacks?
                   </li>
                   <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                    <strong>
                     The Doomsday Clock:
                    </strong>
                    What exactly does it mean?
                   </li>
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                    <strong>
                     Around the web:
                    </strong>
                    A sausage scandal, a rare comet, the wonders of Street View, and more cool internet finds.
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                   🎧 On the go?
                   <a style="color: #192733; text-decoration: underline !important;">
                    Listen to today’s 10-minute podcast
                   </a>
                   to hear Zack and Rob discuss ChatGPT acing an MBA exam, Pokemon Go for the NBA, ESPN’s pickleball play, and more.
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               The big idea
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                <img alt="MBA Exam" class="featured-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fmba_exam.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1pKevV:54uFydhL160UupQjVpPI7CsRs0XqBpZ6d6A1ebZyf3c" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
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               <h2 class="brief-title" style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                Would ChatGPT get a Wharton MBA?
               </h2>
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                As the saying goes, Cs get degrees — and ChatGPT just got a B.
               </div>
               <div class="campaign-date" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                2023-01-25T00:00:00Z
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                Jacob Cohen
               </div>
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               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                That’s the question posed by professor Christian Terwiesch from the University of Pennsylvania’s prestigious Wharton School of Business.
               </p>
               <p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px;">
                Terwiesch’s recent curiosity led him to test the technology’s performance on one of his final exams for an operations management course.
               </p>
               <h4 style="font-size:17px;height: 100%; letter-spacing: 0px; line-height: 22px; padding-top:8px; margin: 0px;">
                <strong>
                 How’d it go?
                </strong>
               </h4>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                While ChatGPT struggled with some advanced prompts and made mistakes on sixth-grade math problems, it did remarkably well at answering basic operations management and process analysis questions.
               </p>
               <p style="font-size:16px;line-height:140%; margin: 5px 0px 10px;">
                For these kinds of questions, Terwiesch wrote, “Not only are the answers correct, but the explanations are excellent.”
               </p>
               <p style="font-size:16px; line-height:140%; margin: 5px 0px 10px;">
                Read through
                <a style="color:#192733; text-decoration: underline !important;">
                 ChatGPT’s answers
                </a>
                and you’ll see why, in Terwiesch’s 25 years of teaching, he recognizes that it’s arguably “the closest that technology has come” to automating the skills of managers and consultants.
               </p>
               <h4 style="font-size:17px; height: 100%;letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 What are the implications?
                </strong>
               </h4>
               <p style="font-size:16px; line-height:140%; margin: 5px 0px 10px;">
                Regarding ChatGPT’s impact on business school faculty, Terwiesch sees:
               </p>
               <ul style="font-size:16px; line-height: 20px; padding-bottom:10px; padding-left: 12px; margin: 0;">
                <li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
                 The need to raise the bar for assignments, while also letting students engage with ChatGPT through a critical lens.
                </li>
                <li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 The potential to leverage ChatGPT to make the teaching process — including exam writing and grading — more efficient.
                </li>
               </ul>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Terwiesch plans to ban ChatGPT’s use on assignments that assess students’ foundational knowledge, which he says is needed to make complex decisions even when leveraging AI.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                “An elementary school student still needs to learn that 7 x 7 = 49 and that the capital of Pennsylvania is Harrisburg, even though calculators have been widely used for over 50 years and students can use Google or Wikipedia to find answers,” he explained.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 For now,
                </strong>
                it’s clear ChatGPT is capable of passing assessments like these. Terwiesch gave it a B on his exam. And as the saying goes, Cs get degrees.
               </p>
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               TRENDING
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                  <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                   M.M. Keeravani’s “
                   <a style="color: #192733; text-decoration: underline !important;">
                    Naatu Naatu
                   </a>
                   ” is the
                   <a style="color: #192733; text-decoration: underline !important;">
                    first song
                   </a>
                   from an Indian movie to nab a best original song Oscar nom. Hear it in
                   <em>
                    RRR
                   </em>
                   , a Telugu-language action film that, with a $72m budget, is India’s most expensive film. It’s also absolutely, utterly, truly bonkers.
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               SNIPPETS
              </td>
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               <p style="font-size: 16px; line-height:140%; margin: 5px 0px 10px;">
                <strong>
                 America vs. Google:
                </strong>
                The Department of Justice and eight states filed
                <a style="color: #192733; text-decoration: underline !important;">
                 a lawsuit
                </a>
                against Google for monopolizing digital ad technology. Google responded with a
                <a style="color: #192733; text-decoration: underline !important;">
                 blog post
                </a>
                of its own.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Pokemon Go, but make it basketball.
                </strong>
                Niantic partnered with the NBA to launch
                <a style="color: #192733; text-decoration: underline !important;">
                 NBA All-World
                </a>
                , a geolocation-based AR basketball game.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 We see you, Strava.
                </strong>
                The fitness-tracking social app
                <a style="color: #192733; text-decoration: underline !important;">
                 acquired
                </a>
                Fatmap, which offers high-res 3D maps for outdoor sports and activities.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Amazon
                </strong>
                launched
                <a style="color: #192733; text-decoration: underline !important;">
                 RxPass
                </a>
                , a $5/mo. Prime add-on service offering generic versions of drugs used to treat 80+ common conditions.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Pickleboom:
                </strong>
                ESPN inked
                <a style="color: #192733; text-decoration: underline !important;">
                 a deal
                </a>
                with the Association of Pickleball Professionals to broadcast 200+ hours of live pickleball coverage.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Microsoft
                </strong>
                just barely missed analyst expectations for the quarter,
                <a style="color: #192733; text-decoration: underline !important;">
                 pulling in
                </a>
                $52.7B. While its Azure cloud business grew 31% YoY, its growth has slowed.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Eardrums rejoice:
                </strong>
                New York City’s new sound-measuring traffic cameras are
                <a style="color: #192733; text-decoration: underline !important;">
                 identifying
                </a>
                ridiculously loud vehicles — and fining them $800 for a first-time offense.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Job data:
                </strong>
                In December, remote jobs
                <a style="color: #192733; text-decoration: underline !important;">
                 accounted
                </a>
                for 13.2% of all advertised listings on LinkedIn, down ~7% since March. Meanwhile, 52.8% of all applications were for remote jobs.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 A24’s
                </strong>
                <em>
                 Everything Everywhere All at Once
                </em>
                scored 11
                <a style="color: #192733; text-decoration: underline !important;">
                 nominations
                </a>
                for the 95th Academy Awards, followed by
                <em>
                 All Quiet on the Western Front
                </em>
                and
                <em>
                 The Banshees of Inisherin
                </em>
                , both with nine.
               </p>
               <p style="font-size:16px;line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Walmart
                </strong>
                is
                <a style="color:#192733; text-decoration: underline !important;">
                 raising
                </a>
                starting wages for warehouse and store workers from $12/hr. to $14/hr. to better compete with retail rivals.
               </p>
               <p style="font-size:16px;line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Land the gig,
                </strong>
                close the sale, make a friend — here are
                <a style="color: #192733; text-decoration: underline !important;">
                 101 tips
                </a>
                for networking with professionals and crushing every function.
               </p>
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                   You asked, we answered. Our latest edition of
                   <a style="color:#192733; text-decoration: underline !important;">
                    Ask
                    <em>
                     The Hustle
                    </em>
                   </a>
                   offers advice to a reader who’s wondering if taking the jump into full-time entrepreneurship is the right move.
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               CHART
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               <a style="color: #192733; text-decoration: underline !important;">
                <img alt="buybacks" class="featured-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fbuybacks.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1pKevV:54uFydhL160UupQjVpPI7CsRs0XqBpZ6d6A1ebZyf3c" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
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              <td align="left" style="font-family: 'Roboto', helvetica, sans-serif; color:#192733; font-size:12px; font-style: italic; padding: 5px 0px 10px;">
               Zachary Crockett
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               <h2 class="brief-title" style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                What the hell are stock buybacks?
               </h2>
               <div class="preview-text" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
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                2023-01-25T00:00:00Z
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                Mark Dent
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               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Over the past decade, American corporations have raked in record-setting profits. Last year alone, they collectively made
                <strong>
                 $12T+
                </strong>
                .
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                A growing portion of that money has gone toward one thing: buying back their own stock.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                For most of the 20th century,
                <strong>
                 stock buybacks
                </strong>
                were largely illegal and viewed as market manipulation. But in 1982, the Reagan administration instituted a “safe harbor” rule that gave corporate executives broader permissions to use them.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Since then, annual spending on stock buybacks has ballooned to
                <strong>
                 $900B+
                </strong>
                per year.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Wall Street says these buybacks help shareholders — but critics say they have a negative impact on R&amp;D, hiring, and the economy at large.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Why are these companies doing this? And who is it really benefiting?
               </p>
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                </span>
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               Free Resource
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                Let’s talk about driving revenue in 2023
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                Before you dump more cash into the same marketing and sales strategies, it’s wise to take an unabashed look at your business.
               </p>
               <p style="font-size:16px;line-height:140%; margin: 5px 0px 10px;">
                If you want more bang for the buck,
                <a style="color: #192733; text-decoration: underline !important;">
                 this coaching conversation
                </a>
                with Donald Miller can help you grip your product and gauge your priorities.
               </p>
               <h4 style="font-size:17px;height: 100%; letter-spacing: 0px; line-height:22px;padding: 8px 0px 10px; margin: 0px;">
                <strong>
                 On episode No. 103 of the
                </strong>
                <em>
                 <strong>
                  Business Made Simple
                 </strong>
                </em>
                <strong>
                 podcast:
                </strong>
               </h4>
               <ul style="font-size:16px;line-height:20px; padding-bottom: 10px; padding-left:12px; margin: 0;">
                <li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 Optimizing your existing product
                </li>
                <li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 Tapping into new revenue streams
                </li>
                <li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 Doubling down on your “why”
                </li>
                <li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 Touch points for growth marketers
                </li>
                <li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 Resources for small businesses
                </li>
               </ul>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                Consume this episode on your favorite streaming service.
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                 The proof is in the profits →
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              <td style="color: #bf2434; font-size: 16px;font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
               Apocalypse Soon?
              </td>
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             <tr>
              <td style="padding: 0 0 1px;">
               <a style="color: #192733; text-decoration: underline !important;">
                <img alt="Doomsday Clock" class="featured-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fdoomsdayclock.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1pKevV:54uFydhL160UupQjVpPI7CsRs0XqBpZ6d6A1ebZyf3c" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
               </a>
              </td>
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              <td>
               <h2 class="brief-title" style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height:26px; font-weight: bold; margin: 10px 0px 5px;">
                The Doomsday Clock, explained
               </h2>
               <div class="preview-text" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                The Doomsday Clock, a metaphor for our destruction, is now set to 90 seconds to midnight. Why?
               </div>
               <div class="campaign-date" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                2023-01-25T00:00:00Z
               </div>
               <div class="author-name" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
                Juliet Bennett Ryla
               </div>
              </td>
             </tr>
             <tr>
              <td class="h2020 ignore-defaults brief-body" style="padding: 5px 0px 0px;">
               <p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px;">
                The Doomsday Clock was set to 90 seconds to midnight on Tuesday. That sounds pretty dire, but what does it mean?
               </p>
               <p style="font-size:16px;line-height:140%; margin: 5px 0px 10px;">
                It goes back to the Atomic Age.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Manhattan Project scientist Eugene Rabinowitch…
                </strong>
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                … was the primary author of 1945’s
                <a style="color: #192733; text-decoration: underline !important;">
                 Franck Report
                </a>
                , which advocated against using atomic weapons during WWII.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                He co-founded the nonprofit
                <a style="color: #192733; text-decoration: underline !important;">
                 Bulletin of the Atomic Scientists
                </a>
                shortly after the US, failing to listen, bombed Hiroshima and Nagasaki, Japan.
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                The Bulletin draws attention to human-made threats — including nuclear and technology risks and climate change — via a website, magazine, and…
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 … the Doomsday Clock
                </strong>
               </p>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                The
                <a style="color: #192733; text-decoration: underline !important;">
                 clock
                </a>
                serves as a metaphor for how close humanity is to destroying itself, with midnight being an apocalyptic event.
               </p>
               <p style="font-size:16px;line-height: 140%; margin: 5px 0px 10px;">
                It was set at seven minutes to midnight when it debuted in 1947, and has since changed 25 times.
               </p>
               <ul style="font-size:16px;line-height:20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size:16px; line-height:140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
                 First in 1949, to three minutes, following the Soviet Union’s first successful atomic bomb test.
                </li>
                <li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px">
                 The “safest” we’ve ever been was 17 minutes in 1991 after the Cold War ended.
                </li>
               </ul>
               <h4 style="font-size:17px;height: 100%; letter-spacing: 0px; line-height:22px; padding-top: 8px; margin: 0px;">
                <strong>
                 Who changes it?
                </strong>
               </h4>
               <p style="font-size: 16px;line-height:140%; margin: 5px 0px 10px;">
                Rabinowitch, until his death in 1973. Now, the Bulletin’s Science and Security Board meets twice annually to decide.
               </p>
               <ul style="font-size:16px;line-height:20px; padding-bottom: 10px; padding-left:12px; margin: 0;">
                <li style="font-size:16px; line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 The clock is never altered in real-time. During the 1962 Cuban Missile Crisis, which lasted
                 <a style="color: #192733; text-decoration: underline !important;">
                  13 days
                 </a>
                 , the hands didn’t budge.
                </li>
               </ul>
               <h4 style="font-size:17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 What about now?
                </strong>
               </h4>
               <p style="font-size: 16px; line-height:140%; margin: 5px 0px 10px;">
                The current time reflects the war in Ukraine,
                <a style="color: #192733; text-decoration: underline !important;">
                 per
                </a>
                the Bulletin, including:
               </p>
               <ul style="font-size: 16px; line-height:20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size:16px; line-height:140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
                 Its effects on climate change
                </li>
                <li style="font-size:16px; line-height:140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
                 Russian
                 <a style="color: #192733; text-decoration: underline !important;">
                  threats
                 </a>
                 of nuclear warfare
                </li>
                <li style="font-size: 16px; line-height:140%; margin: 0 0 0 15px; padding: 0px;">
                 Activity in the Chernobyl and Zaporizhzhia nuclear reactor sites
                </li>
               </ul>
               <p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
                You can see the clock’s complete timeline
                <a style="color: #192733; text-decoration: underline !important;">
                 here
                </a>
                .
               </p>
              </td>
             </tr>
             <tr>
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               AROUND THE WEB
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                ⛷️
                <strong>
                 On this day:
                </strong>
                In 1924, the
                <a style="color:#192733; text-decoration: underline !important;">
                 first
                </a>
                Winter Olympics were held at Chamonix in the French Alps, though it was called “International Winter Sports Week” at the time.
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                 🌭 That’s interesting:
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                 The Surfdale Sausager
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                is scandalizing New Zealand’s Waiheke Island, leaving sausages in residents’ mailboxes without explanation.
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                ☄️
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                 How to:
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                 Spot
                </a>
                a rare green comet as it approaches Earth.
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                 🗺️ Cure boredom:
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                Surf
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                 Wonders of Street View
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                , which takes you to a random scene caught via Google’s cameras.
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                 😍 Aww:
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                And now, a squeaky baby
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                 pika
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                .
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               TWEET
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            Today's email was brought to you by
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            ,
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            , and
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            .
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            Editing by: Mark “Not the Surfdale Sausager” Dent.
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