Insider Today: Amazon’s AI problem

A better way to sell homes

Fixed-rate mortgages guarantee homeowners will pay the same amount each month for decades. But when mortgage rates shoot up, they can also prevent homeowners from selling.

In Denmark, sellers are able to earn a profit when they trade in their low mortgage rates for more expensive ones, making it easier to move even when rates rise. This helps keep the housing market from locking up — and is something America can learn from.

Inside Denmark’s genius housing fix.

This week’s quote:

“We’re not writing a blank check.”

Andrea Mac, a business owner who made $550,000 last year, on why she and her husband decided not to pay their daughter’s college tuition.

More of this week’s top reads:

• First came cellphones, then came smartphones. Now, “IntelliPhones” are coming.
• Laid-off TikTokers reflect on the “abrupt end to a very chaotic ride.”
• Here’s how much hedge funds and prop-trading firms pay AI workers.
• Google announced a smartwatch for kids — and it looks pretty good.
• Fisker cuts deeper with a new wave of summer layoffs.
• Loyalty at work no longer pays — and it’s employers who are to blame.
• Early retirees share three IRS rules they’ve used to avoid taxes.

• Vivek Ramaswamy has a plan for BuzzFeed. There’s just one problem.

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  The Insider Today team: Matt Turner, deputy editor-in-chief, in New York. Jordan Parker Erb, editor, in New York. Dan DeFrancesco, deputy editor and anchor, in New York. Lisa Ryan, executive editor, in New York.