Author: arthursheikin@gmail.com

[ad_1] Washington CNN  —  After a series of air traffic control outages, short staffing, and runway construction caused repeated days of delays and cancelations at Newark Liberty International Airport it’ll be the cheapest summer to fly there in United Airlines’ history, according to the airline’s CEO. “Because we lost a lot of bookings, there’s a lot more seats available,” Scott Kirby, United Airlines CEO said at the Wall Street Journal’s Future of Everything event Thursday. “It’s going to be the cheapest it’s probably ever going to be in history. I don’t really like that, but you ought to book and…

[ad_1] Nvidia’s revenue climbed to $44.1 billion last quarter, yet one of the chip giant’s most important metrics doesn’t have a dollar sign in front of it.”OpenAI, Microsoft, and Google are seeing a step function leap in token generation,” said Nvidia CFO Colette Kress on the company’s Wednesday earnings call.”Microsoft processed over 100 trillion tokens in Q1, a fivefold increase on a year-over-year basis,” she continued.Throughout May, top tech executives — many of whom are also some of Nvidia’s largest customers — have been boasting about their token growth.Though somewhat hard to track from outside the AI cloud or foundation…

[ad_1] Washington CNN  —  President Donald Trump on Thursday met with Federal Reserve Chair Jerome Powell for the first time in his second term, scolding him for not lowering borrowing costs. Powell maintained that any decisions won’t be based on the president’s demands. The meeting, which comes after months of unrelenting attacks from Trump against the Fed chief, took place at the White House and was at Trump’s request. “Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the…

[ad_1] New York CNN  —  The chief executive of one of the world’s leading artificial intelligence labs is warning that the technology could cause a dramatic spike in unemployment in the very near future. He says policymakers and corporate leaders aren’t ready for it. “AI is starting to get better than humans at almost all intellectual tasks, and we’re going to collectively, as a society, grapple with it,” Anthropic CEO Dario Amodei told CNN’s Anderson Cooper in an interview on Thursday. “AI is going to get better at what everyone does, including what I do, including what other CEOs do.”…

[ad_1] Meta reported that online bullying and harassment on Facebook rose slightly in Q1 2025 compared to Q4 2024.”There was a small increase in the prevalence of bullying and harassment content from 0.06-0.07% to 0.07-0.08% on Facebook due to a spike in sharing of violating content in March,” Meta said in its first quarter integrity report published on Thursday. “There was also a small increase in the prevalence of violent and graphic content on Facebook from 0.06%-0.07% to about 0.09% due to an increase in sharing of violating content as well as a result of ongoing work to reduce enforcement…

[ad_1] Grammarly has secured a $1 billion commitment from General Catalyst. The 16-year-old writing assistant startup will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. Unlike a traditional venture round, General Catalyst will not receive an equity stake in the company in return for the investment. Instead, Grammarly will repay the capital along with a fixed, capped percentage of revenue it generates from the use of General Catalyst’s funds. The investment comes from General Catalyst’s Customer Value Fund (CVF), a capital pool that helps late-stage startups with predictable revenue streams…

[ad_1] When I picked up my new Tesla Model 3 Performance in December, it came with a free trial of the company’s Full Self-Driving (FSD) software.I originally made the purchase to enjoy driving a fast sports car. But I’ve also been fascinated by the promise of autonomous vehicles ever since I experienced Google’s early driverless technology as a reporter at The Wall Street Journal over a decade ago.So, for the past five months, I’ve been using FSD (in “Chill” mode only) to see what it can and can’t do.I still drive the car. Legally, functionally, and by necessity. Tesla calls…

[ad_1] At TechCrunch Sessions: AI, the spotlight is on the future of artificial intelligence and the startups shaping it. This high-energy event brings together founders, investors, and technologists to explore how AI is transforming industries — from the pitch deck to full-scale deployment. We’re proud to spotlight our partners — not just for their support, but also for the expertise they bring to the stage. Their sessions offer a front-row view into the latest developments in AI and are a must-attend for anyone looking to stay ahead in this fast-evolving space. Catch “Your Next Co-Founder Will Be AI” on the…

[ad_1] CNN  —  President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation. But a federal court’s ruling late Wednesday that found Trump exceeded his authority to impose many tariffs could significantly disrupt the president’s trade agenda — and potentially even nullify tariffs that are already in effect. The White House immediately appealed the ruling. A federal appeals court on Thursday ruled the tariffs being challenged can remain in effect…

[ad_1] New York CNN  —  Tariffs are slamming Gap. Gap said Thursday that if President Donald Trump’s 30% tariffs on China and 10% duties on most imports from other countries remain at current levels, it could cost the company $100 million to $150 million this year. Gap (GAP) stock plunged 15% during after hours trading Thursday. Developments around Trump’s tariffs are in flux, making it difficult for businesses to plan. A federal appeals court on Thursday paused the previous night’s ruling from the Court of International Trade that blocked many of Trump’s tariffs. Tariffs have clouded a strong comeback at…