Private equity faces a massive shakeout as industry leaders warn of extreme performance gaps. With 19,000 funds competing for capital, only the disciplined will survive the coming consolidation wave.
U.S. Steel has detailed its $11 billion investment strategy through 2028 under new owner Nippon Steel. The plan includes modernizing century-old facilities and aims to create over 100,000 jobs nationwide while focusing on lower-emission steel production.
Stability AI scored a significant legal victory against Getty Images in a UK court battle over copyright infringement claims. The case centered on whether scraping 12 million Getty images to train Stable Diffusion violated intellectual property laws. This ruling provides some clarity but leaves majo
OpenAI has launched its Sora AI video app on Android after a massive debut on iOS. The app hit 1 million downloads in less than five days and topped Apple’s App Store for weeks. Now it’s expanding to select countries, but Europe is still waiting.
Brynn Putnam, who sold her fitness startup Mirror to Lululemon for $500 million, is now tackling screen isolation with a radically different product. Her new company Board is a tabletop gaming console that blends physical pieces with digital gameplay to bring people together face-to-face. It’s her a
German researchers found developers working with GitHub Copilot showed high trust in AI suggestions with less critical questioning. While efficient, this could reduce deeper learning and code quality over time.
A new study proposes a radical shift for the insurance industry: instead of just paying out for climate disasters, insurers should invest in preventing them. Researchers found profitability could drop by 11-100% as hurricanes intensify. The solution? Turn expected losses into climate solutions fundi
Norway’s massive sovereign wealth fund has come out against Elon Musk’s proposed $1 trillion compensation package. The fund holds a 1.14% stake in Tesla valued at approximately $11.7 billion. This represents another significant hurdle for Tesla’s campaign to secure shareholder approval for the large
Apple might finally be building an affordable Mac laptop aimed at students. The device would use iPhone-class processors and a smaller LCD screen to hit a price point well under $1,000. This could be a direct challenge to Chromebooks and a major play for the education market.
WhatsApp has officially launched its first dedicated Apple Watch app after years of relying on basic notification features. The new app brings proper messaging functionality to wrist with end-to-end encryption intact. It requires watchOS 10 or later and Apple Watch Series 4 or newer models.
