Finance
Anthropic’s new technique for nabbing customers: Partner with the companies that own them. Loading audio narration… The AI giant is rolling out a consulting business with the help of Goldman Sachs, Blackstone, and Hellman & Friedman. That group will serve as the founding partners, but investing giants like General Atlantic,…
There are approximately 8,000 “end-of-life retired aircraft” sitting in deserts, jungles, and storage yards across the globe. Another 11,000 planes are expected to join them over the next 10 years.These “graveyards” started filling up during the COVID-19 pandemic when airlines had to make drastic cost-cutting changes, including furloughing pilots, cutting…
Since moving to New York City, I dreamed of getting to work out at a high-end club with eucalyptus-scented towels, premium toiletries, and top-rated classes. Loading audio narration… When I signed up for a $250 monthly membership at a luxury gym eight years ago, I felt like I’d made it.…
Employees working in Google DeepMind’s UK offices have voted to unionize over concerns about the company’s defense work with Israel and the Pentagon. Loading audio narration… If successful, DeepMind — which is central to Google’s efforts to develop artificial intelligence — would be the first frontier AI lab to unionize.In…
AI is contributing to mounting inflationary pressures that are weighing on US consumers, Goldman Sachs said. Loading audio narration… It’s been predicted that the technology could rewire the global economy by fueling transformational productivity gains and spurring a wave of disinflation, but so far, it’s actually adding to inflation, Goldman…
Strauss Zelnick avoids vice. His company makes billions selling it.The longtime CEO and chairman of Take-Two Interactive Software is the straight-laced leader behind one of the bestselling and most violent entertainment properties of all time, “Grand Theft Auto.” In the gritty crime-drama series, which is set to reemerge this fall…
This as-told-to essay is based on a conversation with Victoria Hugo, a 28-year-old art business owner based in Surrey, UK. It has been edited for length and clarity. Loading audio narration… After a decade as a content creator and running a social media business, I quit to start painting again.At…
Parenting is a hard job, and for many Americans, there aren’t many options to get professional childcare help. Loading audio narration… “Nearly half of all young children in the US live in a childcare desert, meaning they live in an area of the country where there is not sufficient licensed…
Paramount Skydance pleased investors in its first earnings report since agreeing to buy Warner Bros. Discovery. Loading audio narration… David Ellison’s company beat Wall Street’s expectations last quarter, thanks to an 11% jump in streaming revenue.Paramount’s revenue rose 2% to $7.35 billion in the first quarter, at the upper end…
Wall Street and Silicon Valley are betting that generative AI will kick off an Industrial Revolution-sized paradigm shift. And who do business leaders call when they need to make a change? Loading audio narration… Consultants.Anthropic is teaming up with some of Wall Street’s biggest investors for a $1.5 billion joint…
