Leaked Microsoft salary data shows the pay gap between Microsoft AI and the rest of the company

1. Sports betting has become a terrible deal for Americans’ finances. Two new studies found that sports betting is seriously hurting Americans’ financial health, especially the finances of young men. According to the surveys, gambling is tied to lower credit scores and less investing in assets like stocks.
2. Jack of all trades, employed by none. Instead of being a generalist, having niche work experience might help you land a job. That’s because as hiring slows, companies are looking for workers with specific expertise.
3. Fast food innovates to solve its Gen Z problem. Chains are trying a variety of quirky new tactics to reach Gen Z consumers, the least likely age group to see fast food as a good deal. Chick-fil-A is betting on efficiency; it just opened a two-story drive-thru-only restaurant with four dedicated lanes.

In other news

• The Midwest is having a moment.
• I worked in Big Law for 4 years but felt like I was sacrificing my morals. I took a 75% pay cut but love my work now.
• OpenAI joins Silicon Valley companies lobbying against California’s AI bill, which includes a ‘kill switch.’
• Shein found two cases of child labor at its suppliers last year.
• China’s version of UberEats says it now delivers snacks to the Great Wall for 56 cents using drones
• 8 buy-rated stocks set to take off from red-hot AI data center demand as Big Tech shells out billions.
• Ready to feel old? Instagram’s new feature is a Myspace throwback.
• Goodbye backpacks. The cool kids are going back to school with a $155 Longchamp tote in hand.

What’s happening today

• Jerome Powell speaks at Jackson Hole Economic Policy Symposium.
• Sabrina Carpenter releases new album, “Short n’ Sweet.”

The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Milan Sehmbi, fellow, in London. Amanda Yen, fellow, in New York.