Author: arthursheikin@gmail.com

[ad_1] OpenAI appears to have pulled a much-discussed video promoting the friendship between CEO Sam Altman and legendary Apple designer Jony Ive (plus, incidentally, OpenAI’s $6.5 billion deal to acquire Ive and Altman’s device startup io) from its website and YouTube page. Does that suggest something is amiss with the acquisition, or with plans for Ive to lead design work at OpenAI? Not exactly, according to Bloomberg’s Mark Gurman, who reports that the “deal is on track and has NOT dissolved or anything of the sort.” Instead, he said a judge has issued a restraining order over the io name,…

[ad_1] Pavel Durov was born in St. Petersburg in Soviet Russia.The tech entrepreneur cofounded the encrypted messaging service Telegram with his brother Nikolai in 2013. The brothers were born into a family of intellectuals, according to a biography on the Digital-Life-Design Conference website. Durov spoke at the conference in January 2012.Durov is now worth $17.1 billion, according to Forbes. Much of his fortune comes from Telegram, which he said hit 1 billion users in March 2025.”Ahead of us stands WhatsApp — a cheap, watered-down imitation of Telegram,” Durov wrote in a post on his Telegram channel announcing the news. “For…

[ad_1] On a balmy Sunday in Austin, Tesla fans awaited the promise of the future.After a few hours of delays, that promise was finally realized, and a select group took their first rides, livestreaming their experience. While Tesla robotaxis are meant to be fully autonomous, Tesla employees were still present in the passenger seat of the cars for safety reasons.Earlier this month, Tesla CEO Elon Musk teased the launch of the robotaxi, a driverless Tesla Model Y emblazoned with its namesake in Cybertruck-style font. “Beautifully simple design,” Musk wrote on X.”These are unmodified Tesla cars coming straight from the factory,…

[ad_1] CNN  —  Oil prices surged in late Sunday trading after the United States launched strikes on three Iranian nuclear Saturday evening in a major escalation of the Iran-Israel conflict. US oil futures jumped 3.6% to about $76.47 per barrel. Brent futures increased 3.2%, settling at $74.59 per barrel. US stock futures fell in response to the attacks. Dow futures dropped 0.6%. S&P 500 futures fell 0.6%, while Nasdaq futures tumbled 0.7%. The US dollar rose 0.3%. Israeli stocks were bolstered Sunday by the news and surged to record highs. The Tel Aviv 125 climbed 1.8% to close at 2,919.62.…

[ad_1] CNN  —  Oil prices surged late Sunday in Wall Street’s first reaction to the United States’ strikes on three Iranian nuclear Saturday evening — a major escalation of the Iran-Israel conflict. US oil futures jumped 3.6% to about $76.47 per barrel. Brent futures, the global benchmark for oil prices, increased 3.2%, hitting $74.59 per barrel. US stock futures fell in response to the attacks. Dow futures dropped 250 points, or 0.6%. S&P 500 futures fell 0.6%, while Nasdaq futures tumbled 0.7%. The US dollar, however, rose 0.3%, an encouraging sign after America’s currency had tumbled after the Trump administration…

[ad_1] A Republican effort to prevent states from enforcing their own AI regulations cleared a key procedural hurdle on Saturday. The rule, as reportedly rewritten by Senate Commerce Chair Ted Cruz in an attempt to comply with budgetary rules, would withhold federal broadband funding from states if they try to enforce AI regulations in the next 10 years. And the rewrite seems to have passed muster, with the Senate Parliamentarian now ruling that the provision is not subject to the so-called Byrd rule — so it can be included in Republicans’ “One Big, Beautiful Bill” and passed with a simple…

[ad_1] Women are becoming richer, and they’re changing the face of wealth.According to a report by McKinsey published last month, women control about a third of all retail financial assets in the US and the European Union.By 2030, that proportion is expected to rise to between 40% to 45%, wrote Cristina Catania, global co-convener and European lead for the risk and resilience practice, and Jill Zucker, senior partner and co-leader of McKinsey’s global growth transformation service line.The report is based on a survey of about 13,000 American and European investors, nearly half of whom were female financial decision makers. It…

[ad_1] CNN  —  The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran. High oil and gas prices are a near certainty, experts say. The big question now: How long will the fossil fuels price spike last? Oil prices are expected to rise by about $5 per barrel when markets open on Sunday, according to experts. “We are looking at $80 oil on the open,” said Andy Lipow of Lipow Oil Associates. US oil hasn’t closed above $80 a barrel since January and has largely hovered between $60…

[ad_1] Frederick Wallace Smith, the founder and former CEO of FedEx, died Saturday at the age of 80. Smith’s death was confirmed by FedEx in a statement. He is survived by his wife, nine of his 10 children, and numerous grandchildren. “Fred was more than just the pioneer of an industry and the founder of our great company. He was the heart and soul of FedEx — its PSP culture, values, integrity, and spirit,” Smith’s successor, CEO Raj Subramaniam, said. “He was a mentor to many and a source of inspiration to all.”Smith, who built FedEx over 50 years ago, was a…

[ad_1] While LinkedIn users seem to have embraced AI, there’s one area that’s seen less uptake than expected, according to CEO Ryan Roslansky: AI-generated suggestions for polishing your LinkedIn posts. “It’s not as popular as I thought it would be, quite frankly,” Roslansky told Bloomberg. When asked why, he argued that the “barrier is much higher” to posting on LinkedIn, because “this is your resume online.” Plus, users can face real backlash if they post something that’s too obviously generated by AI. “If you’re getting called out on X or TikTok, that’s one thing,” he added. “But when you’re getting…