Author: arthursheikin@gmail.com

[ad_1] While AI coding startups like Cursor close brow-raising rounds on barely three years of existence, Replit’s path to a $3 billion valuation has been anything but swift. For CEO Amjad Masad, who’s been building tools to democratize programming since 2009, it’s a story of persistence through multiple failed pivots, years stuck at the same revenue plateau, and a near-death moment that forced him to cut half his staff. That makes what happened next all the more remarkable. Earlier this month, the Bay Area-based company closed a $250 million funding round led by Prysm Capital, nearly tripling its valuation from…

[ad_1] H-1B reform needs more than a one-size-fits-all approach, says Rep. Ro Khanna, whose district encompasses much of Silicon Valley.In an episode of the “All In” podcast released on Thursday, Khanna said that the H-1B system needs to be corrected, but he doesn’t think President Donald Trump’s new reforms are the best way to do so.Last month, the Trump administration introduced a $100,000 fee on new H-1B visas, a common pathway for skilled foreigners to work in large US multinationals. In addition to the fee, the administration announced a proposal to replace the lottery system with one that selects based…

[ad_1] Japan is slowly running dry of its favorite beer, Asahi Super Dry.Asahi Group Holdings said in a news release on September 29 that it was “experiencing a system failure caused by the cyberattack, affecting operations in Japan.”According to several news outlets, the attack halted Asahi’s production in a majority of its 30 production facilities in Japan, and the company has been unable to resume operations since September 29.In the release, it added that while no leakage of customer data had been confirmed, its order and shipment operations in Japan had been suspended. Its call center operations, including customer service…

[ad_1] Meta’s Superintelligence Labs is trying to speed up AI development by steering its teams toward new tools that allow developers to build and test products more quickly, according to internal memos obtained by Business Insider.The shift highlights the stakes of Meta CEO Mark Zuckerberg’s massive bet on AI. Over the past year, Meta has poured hundreds of millions of dollars into luring top researchers with nine-figure pay packages and reorganized its AI work under the new Meta Superintelligence Labs (MSL). Now, its new leaders are revamping the internal engineering tools that those teams use — a shift that underscores…

[ad_1] Jakub Porzycki/NurPhoto via Getty Images 2025-10-03T00:20:53Z 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. Apple has removed the immigration enforcement tracking app ICEBlock from the App Store. The app allows users to monitor and track the location of immigration enforcement agents. In a statement to Business Insider, Apple said the app was removed due to “safety risks.”…

[ad_1] This as-told-to essay is based on a conversation with Christopher Zhang, 27, the founder of Cryozone China. His words have been edited for length and clarity.I left high school two months into my senior year. I believed my path didn’t have to be high school to college to job to rat race. I’d always been different, and that difference gave me the determination to eventually open my own business in China.I grew up in Shanghai, and before dropping out in 2016, I spent most of my free time working part-time jobs: English-Mandarin translator, assistant for a nightclub owner, PA…

[ad_1] (These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) -No news, no government services, no problem for the stock market. -The lack of scheduled economic data today and tomorrow keeps investors in the dark on the latest labor trends and factory orders, but this simply leaves the market traveling its path of least resistance: Rotating in an upward grind, with the excitable semiconductor and “hot themes” of drone-tech and quantum computing providing the lift. -If anything, the absence of government data has added certainty to the…

[ad_1] 2025-10-02T19:40:06Z 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. OpenAI launched Sora, a new AI-powered app that generates video and audio, this week. Sora lets you scan your face and voice, allowing you to insert yourself into AI-generated videos. Users are creating videos starring CEO Sam Altman. The star of OpenAI’s new Sora app is none other…

[ad_1] Anthropic has a new chief technical officer, former Stripe CTO Rahul Patil. Patil started at the company earlier this week, taking over from co-founder Sam McCandlish, who will move to a new role as chief architect. As part of the change, Anthropic is updating the structure of its core technical group, bringing the company’s product-engineering team into closer contact with the infrastructure and inference teams. As CTO, Patil will oversee compute, infrastructure, inference, and a variety of other engineering tasks. In the chief architect role, McCandlish will work on pre-training and large-scale model training, extending much of his previous…

[ad_1] Investors probably won’t be getting September’s nonfarm payroll report on time, but luckily, there are other sources of data that can help paint a picture of the labor market. Unfortunately, the picture isn’t all that pretty. The job market remains on solid footing overall, with the unemployment rate near a historic low of 4.3%.However, cracks are beginning to emerge. This week, data from ADP showed the private sector lost 32,000 jobs in September, badly missing expectations. Markets also took in a slew of weak employment data on Thursday that suggested the job market in stumbling. It’s a balancing act…