Author: arthursheikin@gmail.com

[ad_1] Thanks to new court documents, we now know more about the secretive device OpenAI is working on with Jony Ive, the man behind the iPhone’s design.Tang Tan, the cofounder and hardware chief of Ive’s io, revealed new details about the AI-powered device in legal filings submitted for a trademark lawsuit.”Its design is not yet finalized, but it is not an in-ear device, nor a wearable device,” Tan said.The mystery device has been the subject of widespread speculation throughout the tech industry and beyond. Some guesses include a companion device for smartphones or computers, something wearable or screenless, and a…

[ad_1] The hype for energy drink-maker Prime Hydration is drying up.When YouTubers Logan Paul and KSI launched the Prime brand in 2022, demand was so high that a secondary black market formed among UK school children.But the buzz didn’t last. In 2024, the company’s UK revenue fell about 70% from the previous year, according to public filings. The company pulled in around £33 million (roughly $45 million) in 2024 drink sales, compared to £120 million (about $163 million) the prior year.Consumer interest in its brand has moderated, the company wrote. It’s entering a “strategic review process to transition from an…

[ad_1] Apple is justifiably famous for its marketing.You could even argue that the company’s ad campaigns are as well-known as its products: Think Different. Dancers with iPods. And, of course, the 1984 Super Bowl ad for the Mac.But now, for some reason, Apple is developing a different reputation in adland: the company that pays for ad campaigns and then pulls them.Last year, Apple rolled out an ad for its iPad Pro and then apologized and yanked it, after online complainers complained that the vibes were off.Earlier this spring, Apple axed an ad promoting an AI-powered version of Siri, once it…

[ad_1] Josh Brown, CEO of Ritholtz Wealth Management, on Tuesday revealed that Uber is the biggest position in his personal portfolio, calling it his highest conviction pick on the back of the autonomous driving boom. The widely followed investor said Uber is poised to benefit from robotaxi rollouts from Tesla, Waymo and any other players as the technology eliminates the most costly part of the operation — the human driver. “Uber’s role in this ecosystem is to partner with all of the autonomous players who are going to exist and make money as a result of the fact that the…

[ad_1] Investors might have gotten ahead of themselves when it comes to Tesla ‘s new robotaxi business, according to Goldman Sachs. Tesla began its robotaxi operations on Sunday, June 22, opening the service for a group of early-access individuals in Austin, Texas. In response, investors drove up Tesla shares more than 8% on Monday. But in a note published the same day, Goldman Sachs analyst Mark Delaney cautioned against the optimism, reiterating a neutral rating on Tesla and sticking to a 12-month price target of $285, equal to 18% downside from Monday’s close. Shares of Tesla have tumbled 15% so…

[ad_1] With international markets starting to catch up to U.S. stocks, it’s time now for investors to take a look at a global version of the popular “Magnificent 7” portfolio, according to Tim Seymour of Seymour Asset Management, who has been investing internationally for nearly three decades. “Big thematic, secular trends that have been exciting … there’s opportunity globally and the opportunities in some of these names are [at] significant discounts,” said Seymour in a special Pro Download interview for CNBC Pro with me. These stocks trade in the U.S. so they are as easy to play for domestic investors…

[ad_1] Startups developing voice AI technology and applications are having their moment. Model builders like ElevenLabs and Cartesia have raised millions of dollars in the last few months. Applications such as AI-powered notetaker Granola and meeting tools Read AI and Fireflies AI have also received investor attention and backing. Continuing the trend, dictation app Wispr Flow announced today that it is raising $30 million in Series A funding from Menlo Ventures with participation from NEA, 8VC, Opal CEO Kenneth Schlenker, Pinterest founder Evan Sharp, Carta CEO Henry Ward, and Lindy CEO Flo Crivelli. Menlo Ventures’ Matt Kraning, who also backed the company as an angel…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPresident Donald Trump said China could purchase oil from Iran, in an apparent reversal of policy after his administration spent months imposing sanctions on Chinese refineries for buying Iranian crude.“China can now continue to purchase Oil from Iran,” Trump wrote on Truth Social as he flew to The Hague for a Nato summit.“Hopefully, they will be purchasing plenty from the US, also. It was my Great Honor to make this happen!” Trump added earlier on Tuesday.The comments came the…

[ad_1] 2025-06-24T15:36:27Z Share Facebook Email X LinkedIn 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. Amid global and domestic tensions, some Americans are looking to move abroad. For summer travelers, current tensions also might put pressure on travel plans. These 10 countries are ranked as the most peaceful by the Global Peace Index. Amid international conflicts and domestic tensions, the US might not feel like the…

[ad_1] The American dream used to be owning a home — now it’s just finding one to rent.A shift is underway in American suburbs, one that shows just how out of reach homeownership has become for a growing number of households.Once strongholds of ownership, the suburbs are increasingly becoming hubs for leasing, according to a report from the rental real estate platform Point2Homes. The report defined suburbs as smaller towns located near major cities.Point2Homes looked at Census housing data from 2018 to 2023, focusing on the 20 largest metro areas and suburbs with at least 10,000 people.It found that the…