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Traveling through Italy, I used ChatGPT as a tour guide for the moments where my mom and I wandered into interesting little corners, alleys and buildings where our curiosity was piqued with no tour guide around.

Salvador Rodriguez/CNBC

As I stood with my mom under the blistering sun in Rome waiting for our audio tour of the Pantheon to begin, I decided to kill some time with ChatGPT. 

“Tell me about the Pantheon in Rome,” I said.

The AI tool returned a bunch of information in bullet points that was helpful but hardly made for an interesting read. So I tweaked my prompt and gave ChatGPT a bit more info. 

“Pretend you’re a tour guide and tell that to me in a more interesting fashion,” I wrote. 

My mom and I were in the midst of an epic seven-city trip in August to celebrate her 60th birthday. She had no idea that I was bringing along a digital companion.

“Welcome, Chef, to one of Rome’s most extraordinary treasures—The Pantheon,” the AI tool responded. (I asked ChatGPT to refer to me as Chef several months earlier to make the banter more entertaining.)

“As we stand here in front of this architectural marvel, let me take you on a journey back in time, where gods, emperors, and artists all intersect in this sacred space,” the chatbot wrote.

Since its launch in November 2022, OpenAI’s ChatGPT has revolutionized the field of artificial intelligence, along the way lifting the company’s valuation to an eye-popping $157 billion. AI startups have raised $111 billion in funding since the start of 2023, according to Crunchbase, and big tech companies have bought millions of Nvidia’s processors to train AI models. The generative AI market is predicted to surpass $1 trillion in revenue within a decade.

Yet, for many everyday internet users, figuring out what to even do with ChatGPT can be quite perplexing. 

I use ChatGPT quite a bit. Almost weekly, I give it a list of five movies I want to watch and force it to pick one for me. I recently had it draw up a contract, and I’ve asked it to summarize long articles.

But my favorite ChatGPT use case so far has been as a tour guide in Italy. 

“When you enter, look up,” the chatbot wrote, as we began our Pantheon visit. “That dome, Chef, is nothing short of a masterpiece. It’s the largest unreinforced concrete dome in the world, and it’s been like that for almost two millennia.” 

ChatGPT’s 400-word write up was absolutely on par with the audio tour we had purchased, though the headset version did include our tickets for entrance.

Elsewhere on our trip, ChatGPT told us that the central figure of the Trevi Fountain was Neptune riding a chariot pulled by sea horses, and explained why Rome’s Stadio Olimpico still maintained a monument for Benito Mussolini.

“This particular monument has remained, partly because it is seen as a historical artifact,” the chatbot said.

ChatGPT explained to us about why truffles were such a common ingredient in Florence’s cuisine and how Austrian Archduke Maximilian I served as viceroy of Lombardy-Venetia in Milan before later being installed as emperor of Mexico by Napoleon III. 

Acting as a tour guide in Rome, ChatGPT pointed out Michelangelo’s Christ the Redeemer at the Santa Maria sopra Minerva church in Rome.

Salvador Rodriguez/CNBC

We still need tour guides. For now

If you’re worried about the future of the human tour guide industry, rest assured that we used plenty of them across Italy.

In Vatican City, our tour guide, Amy, did an excellent job cutting the enormous line to get through security and into the Holy City. She showed us the art throughout the Vatican and prepared us to see the Sistine Chapel.

She also did what technology never could — she spun the Sfera con Sfera art structure in the Vatican’s Courtyard of the Pinecone. Spinning the enormous bronze sphere is a privilege reserved for the Vatican’s trusted tour guides. 

My mom and I were grateful for the guide who showed us the spot where Julius Caesar was cremated in Rome, and for the one who led a boat tour of the five towns of Cinque Terre. Human guides also led us through the vineyards in Tuscany, a hidden courtyard in Venice, where the climactic scene of “Casino Royale” was filmed, and George Clooney’s villa in Lake Como.

But there were numerous moments when we wandered into interesting little corners, alleys and buildings and were able to satisfy our curiosity by turning to ChatGPT.

Perhaps the best example came when we left the Pantheon and walked across the piazza into Santa Maria sopra Minerva. The church was free to enter but we knew very little about it. So I asked ChatGPT. 

“Tucked away just behind the Pantheon, this is one of the few Gothic churches in Rome, and it’s filled with treasures that tell the story of a city where the ancient and the sacred come together,” the chatbot wrote. 

Among those treasures was a sculpture near the church’s altar. 

“To your left, you’ll find one of the church’s most famous artworks — Michelangelo’s Christ the Redeemer,” ChatGPT said. “This stunning statue shows Christ holding the cross, with a gentle, almost serene expression. It’s a powerful work that captures both the humanity and divinity of Christ, and it’s remarkable to think that it was sculpted by the same hands that created the Sistine Chapel.”

A week later, my mom and I would have to fight off other tourists just to get a clean photo of Michelangelo’s David in Florence. But at the church in Rome, we were alone, with our friendly chatbot, at a historical statue created by the same artist.

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Amazon lays off about 200 employees in its stores unit

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Amazon lays off about 200 employees in its stores unit

Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. 

Miguel J. Rodriguez Carrillo | Getty Images

Amazon is laying off roughly 200 employees in its North America stores division, the company confirmed.

The core retail business, which Amazon also refers to as its stores division, encompasses a wide range of divisions, including its private label brands, Prime membership program, and consumables business.

“We’ve adjusted parts of our North America Stores team because we believe this structure will better enable us to deliver on our priorities,” an Amazon spokesperson said in a statement. “As part of these changes, we’ve made the difficult decision to eliminate a small number of roles, and we’re committed to supporting affected employees through their transition.”

The layoffs included employees in the fashion and fitness business, among others, the spokesperson said. Business Insider earlier reported on the job cuts.

Amazon CEO Andy Jassy has moved to rein in costs across the company, laying off about 27,000 employees since the beginning of 2022. The bulk of the job cuts came in 2022 and 2023, though they have been ongoing at a smaller scale, and have impacted almost every business across the company’s portfolio.

Amazon has also shuttered some of its more experimental and unprofitable initiatives, including its telehealth offering, a brick-and-mortar delivery program, and try-on service for clothing and shoes.

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Small-cap crypto rallies ahead of Trump inauguration, bitcoin trades at $100,000

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Small-cap crypto rallies ahead of Trump inauguration, bitcoin trades at 0,000

Jakub Porzycki | Nurphoto | Getty Images

Cryptocurrencies jumped on Thursday as investor appetite shifted to smaller, higher risk coins ahead of President-elect Donald Trump’s inauguration.

XRP and litecoin were among the biggest movers, up 11% and 20%, respectively, according to Coin Metrics. The CoinDesk 20 index, a broad crypto market benchmark, gained 4%.

Meanwhile, bitcoin was up less than 1% at $100,000, following a two-day rally of about 7% this week. Ether fell 3% on Thursday.

“Retail investors [are] looking for opportunities as a new pro-crypto administration gets ready to roll in,” Alexander Blume, CEO of the adviser firm Two Prime Digital Assets, told CNBC. “The Trump administration is a rising tide that will lift all boats in crypto, and altcoins are seeing some early gains from this.”

Trump’s inauguration is slated for Monday.

Trading platform operator Coinbase added 2% and Robinhood rose more than 1%. MicroStrategy, which trades as a bitcoin proxy, was also up more than 1%.

“The first 50 days of Trump’s presidency will determine bitcoin’s trajectory in 2025,” said Gracy Chen, CEO of crypto exchange Bitget. “The crypto market’s expectations for his inauguration and first steps as president are extremely high, which is confirmed by the sensitivity of crypto market prices to statements and appointments made by him in the fourth quarter of 2024.”

During his campaign, Trump promised to install a crypto advisory council in his first 100 days in office and replace Securities and Exchange Commission chair Gary Gensler, who became a notable adversary of the industry during his tenure. The CoinDesk 20 advanced 98% in the one month following the November election. In that same period, bitcoin posted a 46% gain.

Another thing driving the action in small-cap cryptocurrencies is the possibility that the government’s “expected strategic reserve may include other ‘American’ cryptocurrencies,” like XRP and the Solana token, Blume said.

“This is unlikely, [but] it comes as a surprise and is fueling speculators to buy the coins,” he said. “The best long-term value for investors will still be in bitcoin.”

Trump has also promised to establish favorable regulation to encourage domestic “made in the USA” bitcoin mining and launch a strategic national bitcoin stockpile. Investors expect volatility in the flagship cryptocurrency this year, with bitcoin stuck in a tug of war between investors’ concerns about rising inflation under Trump and their optimism over the his pro-crypto leadership.

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UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discount

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UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discount

The Freetrade application on a smartphone and desktop PC.

Freetrade

LONDON — Freetrade, a British rival to popular stock trading app Robinhood, said Thursday that it’s been acquired by online investing platform IG Group.

The deal values Freetrade at £160 million ($195 million) — a 29% discount to its last valuation. The startup said that it would continue to operate as a commercially standalone entity under its own brand.

Founded in 2016, Freetrade garnered popularity among mainly younger, more inexperienced traders in the U.K. with its zero-commission trading platform.

The app initially began by offering equities but later expanded to roll out trading in exchange-traded funds, savings products and government bonds.

In pandemic times, Freetrade was riding high on a retail trader frenzy. The app benefited heavily from GameStop “short squeeze” in early 2021, when traders on a Reddit forum for retail investors piled into the stock and caused it to rally in price.

Short-selling refers to the practice of an investor borrowing an asset and then selling it on the open market with the expectation of repurchasing it for less money in future for a profit.

However, worsening macroeconomic conditions in 2022 and 2023 hit Covid high-fliers like Freetrade hard — and in 2023, Freetrade completed a crowdfunding round at a valuation of £225 million down 65% from the £650 million it was worth previously.

The deal is a potential signal for further consolidation coming to the wealth technology industry. It comes after Hargreaves Lansdown was acquired for £5.4 billion by a consortium of investors including private equity giant CVC Group.

Viktor Nebehaj, CEO and co-founder of Freetrade, described the takeover as a “transformative deal that recognizes the significant value that Freetrade has created.”

“Together with IG Group’s significant resources and backing, this is an exciting opportunity to accelerate our growth and delivery of new products and features,” he added.

Freetrade said the transaction is subject to customary closing conditions including regulatory approvals, adding that it expects it will close the deal later this year.

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