Author: arthursheikin@gmail.com

[ad_1] AI is rapidly reshaping the business game, creating a few clear winners — and a stadium full of spectators.According to a new report from Boston Consulting Group, only 5% of companies in its 2025 study of more than 1,250 global firms are seeing real returns on AI.Meanwhile, 60% of companies have seen little to no benefit, reporting only minimal increases in revenue and cost savings despite making substantial investments.BCG said that industries like software, telecommunications, and fintech have the highest levels of “AI maturity,” which the firm defines as “the ability to create value at scale.” Meanwhile, fashion and…

[ad_1] OpenAI is rapidly expanding its affordable ChatGPT Go plan, which costs under $5, to 16 new countries across Asia. The subscription tier is now available in Afghanistan, Bangladesh, Bhutan, Brunei Darussalam, Cambodia, Laos, Malaysia, Maldives, Myanmar, Nepal, Pakistan, the Philippines, Sri Lanka, Thailand, East Timor, and Vietnam. In select countries such as Malaysia, Thailand, Vietnam, the Philippines, and Pakistan, the company is allowing users to pay in local currencies. In the remaining countries, users must pay in USD at a price of approximately $5, with the final cost varying based on local taxation. Image Credits: OpenAI ChatGPT Go gives…

[ad_1] Every tech giant is “ganging up” on OpenAI, said a Thrive Capital partner.On an episode of the “Uncapped” podcast released on Wednesday, Vince Hankes said Big Tech companies don’t want new players entering their league.”My mental model for you on how the competitive landscape looks like is: OpenAI is in a corner and every Big Tech company has a bazooka pointed at them to try to take them down,” Hankes said. “Because none of those Big Tech companies want a new Big Tech company.”Thrive Capital, founded by Josh Kushner in 2011, is a major investor in the ChatGPT maker.…

[ad_1] Between raising kids and creating hit TV shows, Shonda Rhimes says she’s found comfort in accepting that something will always have to give.During an appearance on Wednesday’s episode of “Call Her Daddy,” hosted by Alex Cooper, Rhimes spoke about the realities of balancing motherhood and her career.”I think the relief was realizing that you can only do so much at once,” Rhimes told Cooper. “I mean, I think that the struggle and the way we’re told like, lean in or you can have it all or all these things — it’s such bullshit.”Rhimes said that working mothers are often…

[ad_1] An early Pop Mart investor said Chinese companies that want to succeed internationally must target the US early on.David He, a founding partner of Black Ant Capital, a Chinese venture capital company that invests in the consumer sector, spoke with CNBC on the sidelines of the Milken Asia Summit in Singapore.”For brands in the mid- to high-end segment, especially those looking to expand overseas, they need to set their sights on the US market early on and go all in,” he said to CNBC.”The US remains the most important market with the greatest spending power and cultural influence,” he…

[ad_1] Jimmy Kimmel praised Disney execs, reflecting on the recent suspension of “Jimmy Kimmel Live!” and had especially kind words for potential Bob Iger successor Dana Walden.”I don’t think the result would have been as positive if I hadn’t talked to Dana as much as I did,” he said of Disney’s entertainment co-chairman. “It helped me think everything through and where everyone was coming from.”The long-running late-night host spoke during the Bloomberg Screentime media conference on Wednesday.Comments about Walden have particular significance these days, as she’s widely considered to be a strong contender to succeed Disney CEO Bob Iger when…

[ad_1] New York City is taking on some of the biggest names in tech.In a 327-page lawsuit filed Wednesday in the Manhattan federal court, the city alleged that Meta, Alphabet, Snap, and ByteDance created a “public nuisance” and a “youth mental health crisis” by intentionally exploiting the psychology of young users to keep them hooked.The city alleged in the complaint that the platforms’ algorithms are designed to maximize engagement at the expense of children’s mental health, contributing to sleep loss, chronic absenteeism, and risky behavior such as “subway surfing,” meaning riding on top of moving trains. All these behaviors, the…

[ad_1] Dan Springer, the former CEO of electronic signature company DocuSign, told Business Insider that there are two things people can do to lower their risks of being laid off — one big-picture and one smaller.Springer was DocuSign’s CEO from 2017 to 2022. He left DocuSign’s board in April and joined Ironclad, a Franklin Templeton-backed contract management software company, as CEO in the same month.”The macro piece is, you need to invest in your capabilities, and as new technologies come along, you have to embrace them,” Springer said.Springer referenced the rise of Apple’s iPhone, which launched in 2007 and displaced…

[ad_1] Jensen Huang said President Donald Trump’s $100,000 H-1B visa fee could’ve prevented his own family from immigrating to the United States.The Nvidia CEO, who has previously said the fee is probably too high, told CNBC’s “Squawk Box” on Wednesday how it might’ve affected him personally had it been in place when he immigrated to the United States.”I don’t think that my family would have been able to afford the $100,000, and so the opportunity for my family and for me to be here would not have been possible with this current policy,” Huang said.Huang, who is 62, was born…

[ad_1] At nearly the same moment as Nvidia CEO Jensen Huang was expressing surprise over OpenAI’s multibillion-dollar deal with competitor AMD — shortly after his company agreed to invest up to $100 billion into the AI model maker — Sam Altman was saying that more such deals are in the works. Huang appeared on CNBC’s Squawk Box on Wednesday. When asked if he knew about the AMD deal before it was announced, he answered, “Not really.”   As TechCrunch previously reported, OpenAI’s deal with AMD is unusual. AMD has agreed to grant OpenAI large tranches of AMD stock — up to…