Author: arthursheikin@gmail.com

[ad_1] Reflection AI, a startup founded just last year by two former Google DeepMind researchers, has raised $2 billion at an $8 billion valuation, a whopping 15x leap from its $545 million valuation just seven months ago. The company, which originally focused on autonomous coding agents, is now positioning itself as both an open source alternative to closed frontier labs like OpenAI and Anthropic, and a Western equivalent to Chinese AI firms like DeepSeek. The startup was launched in March 2024 by Misha Laskin, who led reward modeling for DeepMind’s Gemini project, and Ioannis Antonoglou, who co-created AlphaGo, the AI…

[ad_1] Reddit has poached a high-profile figure from Madison Avenue as it looks to build deeper relationships with advertising agencies.Business Insider has learned that Sharb Farjami is set to join Reddit in a role responsible for building partnerships with the largest agency holding companies, like Publicis, Omnicom, and WPP.WPP announced internally on Wednesday that Farjami was stepping down from his position as CEO of WPP Media North America to pursue a position outside of a media agency.Reddit and Farjami declined to comment.The role is expected to fill the vacancy left by Alex Underwood, formerly Reddit’s head of global agency development,…

[ad_1] About nine years ago, my wife and I wanted to move to Germany to experience life on another continent. To do so, I took a corporate job that would sponsor my visa.Ultimately, my desire to live in Europe outweighed my distaste for corporate life, which I’d had some experience with in the United States.However, I quickly learned that many aspects of work-life balance and corporate culture in Germany are nothing like what I experienced or saw firsthand in America.Though there are exceptions and much of this is based on my own experience, I find many of my observations still…

[ad_1] Two years ago, a city in Colorado set out to answer a question: Can giving residents $500 a month with no strings attached meaningfully improve their lives?For the 200 residents who participated in the program, the answer has been mixed. Although the payments eased some immediate challenges, long-term or structural issues persisted.Boulder is one of a growing list of American cities and states experimenting with a guaranteed basic income, a system in which governments provide some residents with recurring cash payments they can spend as they see fit. People who qualify for guaranteed basic income programs typically fall below…

[ad_1] What does Paramount Skydance CEO David Ellison think about CBS News? It can be a bit hard to tell.Speaking on Thursday, Ellison, whose newly merged company owns CBS News, expressed two sentiments that seemed at odds with each other. He praised the network while also saying it needed to build trust.”I can’t say enough how much respect I have for CBS News,” he said during the media conference, Bloomberg Screentime, in Los Angeles. He went on to say, “I believe in the team of CBS News, and I believe we’re going to accomplish the goal of building that trusted…

[ad_1] Does David Ellison, who just bought Paramount, want to buy Warner Bros. Discovery next?Most everyone in the media business thinks so. And multiple outlets have reported that Ellison, backed by his father, Oracle founder Larry Ellison, plans to bid for WBD, whose assets include HBO, the Warner Bros. movie and TV studio, and cable channels including CNN.Onstage at a Bloomberg event on Thursday, David Ellison refused to answer questions about his plans. That’s not a surprise — a company won’t formally announce a bid until it formally announces a bid.In the meantime, there are plenty of questions surrounding the…

[ad_1] JPMorgan and Progressive are among the companies reporting quarterly results next week that could see their shares rise. The third-quarter earnings season officially kicks off next week, as 34 companies in the S & P 500 — or nearly 7% of the benchmark — are on the docket to share their most recent quarterly results. Many of the major banks are set to report, including JPMorgan, Citibank , Goldman Sachs , Morgan Stanley and Wells Fargo . Johnson & Johnson will also headline the week. In preparation, CNBC Pro screened data from FactSet to find the S & P…

[ad_1] Six months after Lip-Bu Tan began his quest to turn around struggling Intel, the semiconductor giant has announced a major hardware upgrade. On Thursday, Intel unveiled a new processor, codenamed Panther Lake. This marks the next generation of the company’s Intel Core Ultra processor family and is the first chip built using Intel’s 18A semiconductor process. The processors are expected to begin shipping later this year and are being produced at Intel’s Chandler, Arizona, Fab 52 facility, which came online in 2024. “We are entering an exciting new era of computing, made possible by great leaps forward in semiconductor…

[ad_1] As cloud plays like Arista Networks, Inc. (ANET) have continued to impress, there have been numerous calls for an end to the relentless uptrend. But using a classic trend-following toolkit, we see this chart as “innocent until proven guilty.” Today we’ll break down why this chart remains in a bullish configuration, review some of the features that can confirm the bullish trajectory, and show why volume may end up being the warning sign to watch. After an initial rally of the April 2025 low, ANET stalled out at the 200-day moving average. After two failed attempts to breach this…

[ad_1] Serve Robotics is trying to get as many businesses as possible to use its cooler-shaped delivery robots — even if it means teaming up with an apparent rival.The autonomous delivery company’s latest partner is DoorDash, which is also developing its own delivery robots. On Thursday, the companies said Serve’s robots would start making deliveries for DoorDash in Los Angeles, a city where Serve already works with Uber Eats.Ultimately, the goal is to roll out the partnership across the US, the companies said.Serve, which was spun out of Uber-owned Postmates in 2021, operates delivery robots in five cities: Atlanta, Chicago,…