Author: arthursheikin@gmail.com

[ad_1] I spent 10 years working for Chase Bank, building a career in corporate banking. It was steady, professional, and came with a clear path forward. But when a prime lot went up for sale in my small hometown of Damascus, Oregon, I saw an opportunity that banking couldn’t give me.The property sat right along a major highway that had no drive-thru coffee stands nearby. I pitched the idea to my parents, who had run their own excavation business for decades. Their first reaction was: “What do you know about coffee? You’re a banker.”They weren’t wrong — but I knew…

[ad_1] Last week, Tesla unveiled a ten-year compensation plan for Elon Musk that could turn him into a trillionaire. Perhaps by accident, it may have also invented an alter ego for one of Musk’s other major holdings, xAI.Across 16 pages of its September 5 proxy statement, the automaker detailed a plan centered on targets for earnings and growth in key product lines that could result in Musk owning more than a quarter of what would be an $8.5 trillion company.In explaining its position, Tesla noted that Musk has built several very valuable companies: “Space Exploration Technologies Corp., Neuralink Corp. and…

[ad_1] This as-told-to essay is based on a conversation with Jitender Jain, a 40-year-old principal software engineer at JPMorgan Chase and a father of two daughters in Dallas. The following has been edited for length and clarity.Last year, when I worked at Walmart Global Tech, the company suddenly announced it was closing its Dallas office. I was told I’d have to relocate to another state and return to the office full time.I wasn’t ready to transition from working from home to moving to a new state and going to the office daily, so I took severance from Walmart and transitioned…

[ad_1] I was at a party in San Francisco recently where a classic Silicon Valley discussion began.The topic was which AI models and chatbots are best to use. For some partygoers, an important filter was how “ethical” the providers were.One person said they planned to use Anthropic’s Claude service because they said the startup was ethical. This company has done impressive work in the area of AI safety. I mentioned that Anthropic has bot crawlers that seem to regularly scrape data from websites while sending very little traffic back. This partygoer was shocked.Since then, I’ve been looking for reliable data…

[ad_1] A long-running rally in Japan’s stock markets has broken into a full sprint, powered by new political fuel and a fresh burst of AI euphoria that is sending stocks to records.Over the weekend, Prime Minister Shigeru Ishiba announced his resignation, setting off a leadership race inside the ruling Liberal Democratic Party. Investors immediately took it as a bullish sign, sending the already red-hot Nikkei 225 higher.On Friday, Japan’s Nikkei 225 index notched a fresh record high for the third time this week. The benchmark index is about 12% higher this year to date.The surge was in part powered by…

[ad_1] A Spanish startup that has developed teams of AI agents that autonomously operate software has just raised $2.5 million.Barcelona-based Altan allows users to create software through text or voice prompts. “Companies used to hire a team of developers who would create some solution for you or for your clients,” Altan’s cofounder and CEO, Albert Salgueda, told Business Insider. “The process of that is now being automated. That’s the first step.”A team of AI agents, each with different roles, such as UX designers and full-stack engineers, then handles everything from creating internal databases to managing backend automations.The startup, founded in…

[ad_1] 2025-09-12T02:31:17Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. August data from the Bureau of Labor Statistics shows a sharp increase in grocery prices. Grocery prices jumped the most in August since 2022, driving up the cost of coffee, beef, and eggs. Inflation exceeds the Federal Reserve’s 2% target, complicating rate decisions amid job market woes. Tariffs…

[ad_1] This as-told-to essay is based on a conversation with Sutasit Srivisarvacha, 30, a Thai UC San Diego graduate who moved back to Bangkok. His words have been edited for length and clarity.When I was growing up in Bangkok, getting sent off to boarding school was always the plan — the same path my parents had taken. They wanted me to experience life beyond Thailand and develop independence.When I was 13, I started my first year of prep school on Vancouver Island in Canada. I hated it and felt homesick. I’d call home crying to my parents all the time.…

[ad_1] Microsoft President Brad Smith had a blunt message for employees who joined Gaza-related protests inside his office: you don’t get to keep your job.At an internal meeting on Thursday, Smith defended the firings and said the company hired law firm Covington & Burling to review allegations that its technology has been misused for surveillance of Palestinians.The company has faced repeated and escalating protests calling for the company to cut ties with the Israeli military amid its offensive in Gaza. In late August, several protesters broke into and occupied Smith’s office for a sit-in. Microsoft then fired four employees who…

[ad_1] OpenAI and Microsoft are finally sorting out their epic squabble. One immediate result: The creation of one of the world’s richest charities.OpenAI Chairman Bret Taylor announced some of the details of the startup’s new structure on Thursday. Its main nonprofit organization will control a new public benefit corporation that will house OpenAI’s for-profit operations.The restructuring will make it easier for OpenAI to issue traditional equity to new investors, allowing the startup to raise the massive amount of money needed to pursue its ambitious plans.The OpenAI nonprofit doesn’t just get control. It also gets an equity stake in the new…