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[ad_1] New York CNN  —  Silicon Valley thinks it’s finally found the next big thing in tech: smart glasses – the same thing Google tried (and failed at) more than a decade ago. But Google Glass may simply have been ahead of its time. Now tech companies believe technology has finally caught up, thanks in part to artificial intelligence—and they’re going all-in on truly “smart” glasses that can see and answer questions about the world around you. The latest example: Snap announced this past week it’s building AI-equipped eyewear to be released in 2026. The renewed buzz around smart glasses…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Regardless of ideological parti pris, politicians have an uncanny knack of misconstruing the dynamics of the financial services sector as they seek to bend it to their cause. Consider, first, UK Labour chancellor Rachel Reeves who, like her Tory predecessor Jeremy Hunt, wants more growth-friendly financial regulation, a demand widely echoed by policymakers around the world.Reeves and Hunt have also urged UK pension funds to allocate more capital to growth opportunities in domestic private markets. Both join in the global hand-wringing…

[ad_1] Washington CNN  —  President Donald Trump has repeatedly demanded the Federal Reserve slash interest rates. But Fed officials have stood pat, waiting to see how his administration’s sweeping policy changes affect the economy first. Now there’s another factor that could delay a rate cut: the conflict between Israel and Iran. On Friday, Israel struck at Iran’s nuclear and military sites in an unprecedented attack that sent global oil prices surging. Investors and analysts fretted that a spiraling conflict could send inflation rising across the world, including in the United States. And that could give the Fed further pause at…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has disclosed almost $60mn in income from one of his cryptocurrency ventures, highlighting how the US president has benefited from his embrace of the digital asset industry.Trump on Friday reported income of $57.4mn derived from his involvement with World Liberty Financial, a cryptocurrency group he backs with his sons Donald Jr and Eric. The more than 200-page filing, published by the US Office of Government Ethics, an ethics watchdog, shows that Trump holds 15.75bn governance tokens — which provide…

[ad_1] New York state lawmakers passed a bill on Thursday that aims to prevent frontier AI models from OpenAI, Google, and Anthropic from contributing to disaster scenarios, including the death or injury of more than 100 people, or more than $1 billion in damages. The passage of the RAISE Act represents a win for the AI safety movement, which has lost ground in recent years as Silicon Valley and the Trump administration have prioritized speed and innovation. Safety advocates including Nobel laureate Geoffrey Hinton and AI research pioneer Yoshua Bengio have championed the RAISE Act. Should it become law, the…

[ad_1] Clay, a sales automation startup, has raised a Series C round at an approximate $3 billion valuation, led by Capital G, according to three sources with knowledge of the deal. Clay and Capital G didn’t respond to a request for comment.  The new round comes just a month after the New York startup announced that it will allow most of its employees to sell some of their shares at a $1.5 billion valuation. That secondary deal, known as a tender offer, was led by Sequoia, which agreed to purchase up to $20 million in employee stock. While it may…

[ad_1] Compared to other Nintendo consoles, the Switch 2 is an outlier. It’s the first Nintendo system that feels like a direct, no-frills upgrade to its predecessor. It looks similar, it doesn’t require new controllers, and it even plays 99% of the original Switch’s library. It’s a sequel, which is rare for such an innovation-focused company.This lack of innovation gives the Switch 2 its greatest strengths and worst flaws. On the one hand, the system carries over everything I loved about the original console, including its massive library and iconic blend of handheld and TV gaming. But on the other…

[ad_1] 2025-06-13T20:36:51Z 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. Oracle appointed two new presidents SEC filings show. The people are considered part of a succession plan for the cloud company. Oracle shares recently reached a record high, reflecting its renewed enterprise popularity. Oracle revealed two new presidents in company filings on Friday. The move could have broader succession implications for…

[ad_1] CNN  —  Several dozen sidelined Voice of America staffers have suddenly been called back to work as the Israel-Iran conflict escalates. It is a dramatic turn of events for the American government-funded broadcasting system that was shut down by the Trump administration in March. Steve Herman, who has been VOA’s chief national correspondent since 2022, said the broadcaster specifically brought back Farsi language speakers who have been on paid administrative leave. The move suggests that the US government wants to bolster its programming into Iran. Before the cutbacks were instituted in March, VOA said that it produced four-plus hours…

[ad_1] CNN  —  President Donald Trump has approved a partnership between US Steel and Nippon Steel, the companies said in a release on Friday. “We look forward to putting our commitments into action to make American steelmaking and manufacturing great again,” the companies said in a statement. The steelmakers also entered into a national security agreement with the US government, the statement said. A finalized partnership would cap a deal that had previously drawn bipartisan opposition, including a block by then-President Joe Biden early this year. But Trump dropped his opposition after taking office this year, making the fortunes of…