Author: arthursheikin@gmail.com

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Meta is looking to raise $29bn to fund its all-in push into artificial intelligence, turning to private capital firms to finance its build out of data centres in the US.Talks between the Instagram-owner and private credit investors have advanced, with several large players including Apollo Global Management, KKR, Brookfield, Carlyle and Pimco involved in the discussions, according to people familiar with the matter. Meta is hoping to raise $3bn of equity from them and then a further $26bn of debt. But…

[ad_1] This as-told-to essay is based on a transcribed conversation with Laurie Schechter, 66, from New York, about working alongside Anna Wintour, who recently announced she would step down as Vogue’s editor in chief to be global editorial director. The following has been edited for length and clarity.I first worked with Anna Wintour at New York Magazine, where I was an editorial assistant in the early 80s.When she became Vogue’s creative director in 1983, I wanted to go with her to be a fly on the wall of her process. Though she wasn’t warm and fuzzy, she was an incredible…

[ad_1] Meta is definitely offering hefty multi-million-dollar pay packages to AI researchers when wooing them to its new Superintelligence Lab. But no one is really getting a $100 million “signing bonus,” according to a poached researcher and comments from a leaked internal meeting. During a company-wide all-hands meeting on Thursday leaked to The Verge, some of Meta’s top executives were asked about the bonuses that OpenAI CEO Sam Altman said Meta had offered to top researchers. Meta’s CTO Andrew Bosworth implied that only a few people for very senior leadership roles may have been offered that kind of money, but…

[ad_1] Meta is definitely offering hefty multimillion-dollar pay packages to AI researchers when wooing them to its new superintelligence lab. But no one is really getting a $100 million “signing bonus,” according to a poached researcher and comments from a leaked internal meeting. During a company-wide all-hands meeting on Thursday leaked to The Verge, some of Meta’s top executives were asked about the bonuses that OpenAI CEO Sam Altman said Meta had offered to top researchers. Meta’s CTO Andrew Bosworth implied that only a few people for very senior leadership roles may have been offered that kind of money, but…

[ad_1] A federal proposal that would ban states and local governments from regulating AI for 10 years could soon be signed into law, as Sen. Ted Cruz (R-TX) and other lawmakers work to secure its inclusion into a GOP megabill ahead of a key July 4 deadline.  Those in favor – including OpenAI’s Sam Altman, Anduril’s Palmer Luckey, and a16z’s Marc Andreessen – argue that a “patchwork” of AI regulation among states would stifle American innovation at a time when the race to beat China is heating up.  Critics include most Democrats, several Republicans, Anthropic’s CEO Dario Amodei, labor groups,…

[ad_1] People watch as the logo for Coinbase, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York on April 14, 2021.Shannon Stapleton | ReutersCoinbase is the top performer in the S&P 500 in June, boosted by positive regulatory updates, product launches and, of course, its very inclusion in the benchmark stock index at the end of May.The crypto exchange’s outperformance in the S&P 500 extends back to the April 8 market low, just after President Donald Trump’s initial sweeping tariffs announcement sent stocks sinking.Coinbase is now on pace for its best…

[ad_1] Facebook is asking users for access to their phone’s camera roll to automatically suggest AI-edited versions of their photos — including ones that haven’t been uploaded to Facebook yet. The feature is being suggested to Facebook users when they’re creating a new Story on the social networking app. Here, a screen pops up and asks if the user will opt into “cloud processing” to allow creative suggestions. As the pop-up message explains, by clicking “Allow,” you’ll let Facebook generate new ideas from your camera roll, like collages, recaps, AI restylings, or photo themes. To work, Facebook says it will…

[ad_1] Next week kicks off a new trading month as well as the back half of 2025, and Wall Street will be watching to see if stocks keep up their recent momentum. Stocks have made a massive comeback after seeing steep declines in early April, when investor anxiety around President Donald Trump’s sweeping tariff policy put the S & P 500 near bear market territory . On Friday, the S & P 500 rose to a fresh all-time intraday high , spurred by optimism that trade deals with China and other U.S. trading partners would be announced soon. The benchmark…

[ad_1] Nvidia’s blockbuster year has been good news for its CEO, Jensen Huang.Nvidia earnings were strong in 2024, and the company’s stock price has been up considerably this year, hitting an all-time high in June and vaulting the chipmaker back into the top spot as the world’s most valuable company. Huang, who cofounded the company in 1993 and has served as its president and CEO ever since, has seen his net worth balloon as the chipmaker’s market cap rises.In 2024, he broke into Forbes’ list of the top 10 richest people for the first time ever. His net worth today…

[ad_1] Williams Companies (WMB) , a large-cap natural gas processing and transportation business, is toying with the prospect of a move up and out of the six-month range in which it has been trading. A breakout here not only would represent a breakout to a new 52-week high; it would also be a move above the stock’s former highs of a decade ago. Indeed, 10 years ago, on June 22, 2015, WMB hit a high of $61.38. Today, the stock is trading around $62.80. We’re buyers here, with a price objective of $70. WMB’s short-term chart shows the stock has formed an “ascending…