Author: arthursheikin@gmail.com

[ad_1] Elad Gil started betting on AI before most of the world took notice. By the time investors began grasping the implications of ChatGPT, Gil had already written seed checks to startups like Perplexity, Character.AI, and Harvey. Now, as the early winners of the AI wave become clearer, the renowned “solo” VC is increasingly focused on a fresh opportunity: using AI to reinvent traditional businesses and scale them through roll-ups. The idea is to identify opportunities to buy mature, people-intensive businesses like law firms and other professional services firms, help them scale through AI, then use the improved margins to…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldTreasury secretary Scott Bessent has insisted the US would never default on its debt as he sought to assuage Wall Street concerns over the state of the country’s public finances. “The United States of America is never going to default, that is never going to happen,” Bessent told CBS’s Face the Nation on Sunday. “We are on the warning track and we will never hit the wall.”Investor jitters over the size of the US federal debt have mounted as President…

[ad_1] In “The Optimist: Sam Altman, OpenAI, and the Race to Invent the Future,” Wall Street Journal reporter Keach Hagey examines our AI-obsessed moment through one of its key figures — Sam Altman, co-founder and CEO of OpenAI. Hagey begins with Altman’s Midwest upbringing, then takes readers through his career at startup Loopt, accelerator Y Combinator, and now at OpenAI. She also sheds new light on the dramatic few days when Altman was fired, then quickly reinstated, as OpenAI’s CEO. Looking back at what OpenAI employees now call “the Blip,” Hagey said the failed attempt to oust Altman revealed that…

[ad_1] Artificial intelligence has no shortage of visionaries—but the ones who matter are executing. In 4 days, TechCrunch Sessions: AI brings those builders, researchers, funders, and enthusiasts under one roof at UC Berkeley’s Zellerbach Hall. This isn’t a parade of AI hype or a string of over-edited keynotes. It’s a single day designed for clarity, candor, and real connection. It’s also your last chance to save. Ticket prices rise soon — but right now, you can save over $300 on your pass and get 50% off a second, so your partner, co-founder, or friend can dive in with you. Your…

[ad_1] CNN  —  Commerce Secretary Howard Lutnick said Sunday that “tariffs are not going away” after a federal appeals court last week paused a block on many of the Trump administration’s sweeping tariffs. President Donald Trump “has so many other authorities that even in the weird and unusual circumstance where this was taken away, we just bring on another or another or another,” Lutnick said on “Fox News Sunday.” The Court of International Trade on Wednesday blocked the bulk of Trump’s global tariffs, ruling that the president did not have “unbounded authority” to impose tariffs, only for the United States…

[ad_1] The Home Depot logo is displayed outside a store on March 10, 2025 in San Diego, California. Kevin Carter | Getty ImagesEarnings of major U.S. companies and the uncertainty around tariffs continued to impact investor sentiment this week. While the stock market remains volatile, investors seeking consistent returns could add some attractive dividend stocks to their portfolios.In this regard, stock picks of top Wall Street analysts can be helpful, as the recommendations of these experts are based on in-depth analysis of a company’s financials and ability to pay dividends.Here are three dividend-paying stocks, highlighted by Wall Street’s top pros, as tracked by…

[ad_1] Chinese smartphone company Xiaomi in the last week reported record net profit for a second-straight quarter, bolstering several analysts’ conviction on the Hong Kong-listed stock. In absolute dollar terms, Xiaomi’s earnings are still a fraction of Apple’s . But the Chinese company has a larger smartphone market share in China , and has built an electric vehicle business, while the iPhone maker dropped its car plans . Apple in recent months has also come under pressure from the Trump administration over its overseas supply chain. Apple shares are down 20% year-to-date to around $200. Xiaomi’s have gained more than…

[ad_1] A handful of stocks may be well positioned to benefit from rising Treasury yields, according to Bank of America. Both the benchmark 10-year and 30-year Treasury have climbed recently to reach worrisome milestones. The 10-year yield was last at about 4.43%, just shy of the key 4.5% level, and up from 4.01% in early April. The yield on the 30-year bond stands just under 5%, also a key level that’s drawn investor attention, and up from 4.41% when President Trump unveiled sharply higher tariffs on imported goods. The rise in Treasury yields largely reflects investor concern tied to the…

[ad_1] The US manufacturing renaissance may need a lot more than tariffs.President Donald Trump wants to bring back manufacturing, but even if his tariffs manage to stimulate growth in this sector, the industry faces a skills gap, an aging workforce, and negative perceptions — not to mention the potentially mounting cost of hiring domestic labor in comparison to countries like China.Experts and researchers in trade told Business Insider that the manufacturing sector is struggling to fill the existing open positions.”Manufacturers have faced a structural challenge for multiple years now,” said Carolyn Lee, president and executive director of the Manufacturing Institute.…

[ad_1] Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. Elon Musk’s foray into politics was the final straw for Mahican Gielen. She traded in her beloved Model 3 for a BYD Sealion 7 Excellence. She said she’s overall happy with her new purchase, but there are a few Tesla features she misses.On the agenda today:But first: AI meets the consulting giants.If this was forwarded to you, sign up here. Download Business Insider’s app here.This week’s dispatch Getty Images Consulting disruptionIf you’ve read BI lately, you know AI…