Miro Mitev founded SmartWealth Asset Management, where all investment decisions are made by AI. Yet, he insists humans are the most critical component. His IVAC fund is targeting $2 billion in assets and aims for 14-15% annual returns.
A Seattle startup just got a cash infusion to help it inject AI into customer feedback analysis. Ambassador’s new funding will fuel its platform that consolidates referrals, surveys, and loyalty programs.
Everyone’s asking how to invest in OpenAI before its IPO. The rush into private markets is risky and illiquid. Here’s what you actually need to know.
Marissa Mayer is pivoting from her struggling photo-sharing startup Sunshine to launch Dazzle, a new AI personal assistant company. It’s already raised an $8 million seed round at a $35 million valuation led by Forerunner’s Kirsten Green. The product is expected to launch early next year.
A new Forbes analysis shows a record number of self-made billionaires under 30, with 11 joining the club in just the last three months. Most of their fortunes are directly tied to the explosive AI boom.
In a massive corporate upskilling move, FedEx is partnering with Accenture to provide AI training to as many as 500,000 employees. The program aims to build “common AI fluency” across its global, largely frontline workforce. This highlights a crucial new frontier for AI: the shift worker.
Instacart has agreed to pay $60 million in customer refunds to settle FTC allegations of deceptive advertising and subscription practices. The company, however, flatly denies any wrongdoing in a blog post. This settlement may not be the end of Instacart’s regulatory headaches.
In a stunning pivot, the company behind Truth Social is merging with a nuclear fusion firm. The new entity plans to start building a fusion power plant as soon as 2026.
According to a new report, OpenAI is in early talks to raise up to $100 billion from investors, which could value the company at around $750 billion. The ChatGPT maker is also reportedly laying the groundwork for a potential $1 trillion IPO filing as early as the second half of 2026.
Major Western food brands are ceding control of their China operations to local private equity funds. This shift is a direct response to intense competition from domestic rivals and the need for hyper-localized strategy.
