JPMorgan’s billionaire clients are using AI for everything from avoiding $100,000 legal bills to creating emotional bedtime stories. But 7% see AI as today’s second-biggest global risk after geopolitical tensions. The ultra-rich are taking family trips to Ivy League schools for AI education.
The memory industry is experiencing massive supply shocks as manufacturers rush to stockpile inventory. DRAM shortages are expected to continue through 2027, forcing companies like ASUS and MSI into panic buying mode. This could mean significantly higher prices for consumer PCs and devices in the co
McKinsey’s research reveals the most successful CEOs share a surprising trait: relentless curiosity and learning. In an era where 30% of CEOs don’t make it past three years, adaptability beats aggression every time.
A founder backed by Slow Ventures is launching Postmoda to tackle retail’s massive returns problem. The company will take luxury returns off retailers’ hands and sell them at discount. This comes after his previous rental platform Wardrobe failed to scale.
Valve’s upcoming Steam Machine has one major advantage over Microsoft’s rumored next Xbox. While both target the living room PC space, Valve can leverage Steam’s massive game sales to compete on price in ways Microsoft simply can’t match. This could reshape the entire console hybrid market.
Valve is taking on PlayStation and Xbox with a new Steam Machine console while Mozilla faces backlash over Firefox’s upcoming “AI Window” feature. Meanwhile, Visual Studio Code gets a significant UI refresh and smarter terminal in version 1.106.
Perplexity topped the list of companies insiders would bet against, followed surprisingly by OpenAI. The informal survey highlights growing concerns about AI bubble valuations despite massive funding rounds.
Blue Origin is targeting early next year for its next New Glenn launch following a successful second flight that included the rocket’s first booster landing. The company is considering reusing the same booster or using a new one already in production. CEO Dave Limp says the company is also working o
Scammers took over New York’s official text messaging system this week, sending fraudulent messages to about 160,000 residents. The breach occurred through Mobile Commons, a service used by state government and other organizations. Hackers sent texts about fake declined bank transactions during a fo
Berkshire Hathaway has taken a $4.3 billion position in Alphabet, Google’s parent company, marking one of Buffett’s final major moves before retirement. The conglomerate also continued trimming its massive Apple stake, selling 42 million shares last quarter while maintaining its position as Berkshir
