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An X post recently made the rounds for its old money visuals. The video depicting weekends spent sailing Lake Como in tuxedos and candlelit dinners at impossibly long dining tables screams upper crust. Or so we thought. It was another X user who quickly shattered the illusion. Sorry to burst the fantasy, but I know one of the girls in this video, and none of this is casual or real, Louis Pisano wrote in a post. Its an Instagram club where, if you get accepted, you pay to dress up and create old money content with them. This is the Tuxedo Society, a U.K.-based members-only club promising access to experiences in the most iconic locations and a chance to elevate your network by connecting with like-minded people. Founded by classic-car dealer Riccardo Capotosti, the group markets itself as an exclusive gateway to a more glamorous, monied world with the motto Attractive people doing attractive things in attractive places. Having access to this elite club will give you the opportunity to connect with enlightened people from all over the world, the groups website states. Or, as one X user put it: So its basically Disneyland for wannabe socialites. The Tuxedo Society, also known as the Tuxedo Members Club, has two websites: one showing the luxurious lifestyle you can expect with a membership and another for applications, though the latter is still in the Coming Soon phase as of this writing. To join, you must earn more than 500,000 euros per year (that’s around $520,000) or have a seven-figure net worth (although Pisano claims this isnt true, based on his personal knowledge of one of the members). Prospective members must also pass an approval process, including an introductory video call with a board member, according to the website. An annual membership then costs 6,000 euros (about $6,200), and if you dont renew, your spot goes to someone else. Current members, including influencers like Federico di Custoza and model Chiara Basso, pose against classic cars and suited up in formal wear on tennis courts. The most notable member, who can actually claim old money status, is Eugenia Hannover, a model linked to the historic House of Hanover. Fascination with the rich and well-connected is nothing new, but in the age of social media, it’s easier than ever to cosplay as wealthy, even if just for content. The secret lives and unspoken rules of the upper classes have been the subject of countless films and TV shows, from The Great Gatsby and The Talented Mr. Ripley to Saltburn. Remember how those stories ended?
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E-Commerce
Oracles new AI will answer employee questions about everything job-related, from hiring to retiring. Oracle has embedded artificial intelligence capabilities into its Human Capital Management software with the intention of optimizing workplace productivity, the company announced Thursday. The AI engages in human-like conversations, much like ChatGPT, but responds using truthful data that participating companies provide to Oracle. The best AI comes from the best data, says Miranda Nash, a group VP at Oracle. Using the companys data, the AI can answer questions about taxes, benefits and perks of the job, and career planning. By giving fast answers to a large variety of questions, Oracles AI will allow employees to focus more on the core mission of their jobs and become more effective workers, Nash says. And as employees turn to AIrather than HRfor answers, Nash hopes that HR leaders will be less overwhelmed in their jobs. [Image: Oracle] These AI agents are part of Oracle Fusion Cloud Human Capital Management, a cloud-based HR tool that has led the industry for a decade, according to Gartner research. Oracle will not charge any extra fees for users to access the new AI. Starting in September, Oracle began integrating artificial intelligence into its supply chain, marketing, sales, and service applications, and plans to implement it into its finance products this spring. The inclusion of AI helps Oracle connect powerful technologies to everyday folks doing their jobs, Nash says. Oracles Fusion applications have 14,000 customers across the board. Oracle is all about making our customers successful by lowering their cost of operation, Nash says. Were continually on a mission to make that cheaper and more efficient, basically using the latest technologies for our customers to make their businesses more successful. Oracle is one of three companies that President Donald Trump tapped to be part of the Stargate projecta joint venture to create hundreds of billions of dollars in AI infrastructure. After the Stargate announcement, Oracle saw its share prices rise by double digits.
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E-Commerce
Influencers are not only good for skinny jean and matcha recommendations. Now, they can advise you on where to invest your money. Founded by 23-year-old Steven Wang, Dub is an influencer-driven marketplace where users can now copy the entire portfolios of the likes of Rep. Nancy Pelosi or billionaire hedge fund manager Bill Ackman for just $9.99 a month or $89.99 a year. At the same time, retail traders accepted into Dubs top creator program will be paid royalties for users to access their model portfolio. I want the next five Warren Buffetts to be surfaced and famous on Dub, Wang told CNBC last month. If were really successful with the top creator program, the next generation of the best fund managers, the best traders in the world that people follow will rise from Dub. Rather than picking stocks, users just need to make sure they pick the right person (kind of like copying the homework of the smartest kid in class rather than actually doing your homework). These portfolios are tracked for changes over time, with any trades automatically copied, eliminating the human error of missing any trades. Dub is also focused on educating users and helps investors make informed decisions by displaying risk scores, risk-adjusted returns, and portfolio stability metrics all on the platform. Retail investing has changed rapidly over the past two decades. Now, almost half of Gen Zers invest in the stock market, according to the Oliver Wyman Forum survey. They are 45% more likely to start investing by age 21 than Millennials and two to four times more likely than Gen X and baby boomers. In for a penny in for a pound, Gen Z are also saving a sizable 14% of their incomes. At the same time, social media is reshaping how people, and Gen Z in particular, choose to spend, save and invest their money. Gen Zers are nearly five times more likely to say they get financial advice, including investing tips, from social media than those in their 40s or above. So Gen Z is going to take advice from anyone, might as well be from those who can put their money where their mouth is.
Category:
E-Commerce
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