Markets
Oura takes step toward IPO with S-1 filing, revealing $1.4 billion in revenue
Oura just got one step closer to becoming a public company. The smart-ring maker filed its S-1 paperwork on Thursday, a required step on the road to an initial public offering. The filing said Oura pulled in $1.4 billion in revenue and $59 million in net income in the one-year period that ended in…
Volkswagen plans 50,000 more job cuts amid biggest overhaul in its history
Volkswagen plans to cut roughly 50,000 more jobs worldwide. On Thursday, the company’s supervisory board approved its “Future Plan 2030,” a 12-part restructuring effort that Volkswagen calls the “most extensive transformation program” in its history. Volkswagen said a “fundamental adjustment” of…
OpenAI does a victory lap for its new AI model: ‘Welcome to the AGI era’
OpenAI says that its new model has reached the AI industry’s most sought-after milestone. “Welcome to the AGI era,” Greg Brockman, the company’s president, said at the end of a press call announcing the arrival of OpenAI’s Astra model on Thursday. AGI stands for artificial general intelligence, a…
Zuckerberg opposed AI regulation proposal in private call with Trump
Meta CEO Mark Zuckerberg expressed concerns about plans for a national AI regulator in a previously unreported phone call with President Donald Trump last month, marking the involvement of one of the world’s top tech executives in a fraught White House policy debate. The proposal, championed by the…
I’m a VC with 5 kids. I encourage them to use AI and not to pick the safest career.
Lori Cashman is raising five kids, including two sets of twins. Courtesy of Lori Cashman Lori Cashman has two sets of twins, who are 21 and 19, plus an 18-year-old. She pays for their AI subscriptions and talks about the nuances of AI. She wants them to hone their critical thinking in college, not…
Maria Bartiromo is out at Fox after more than 12 years
Maria Bartiromo’s time at Fox News and Fox Business is over. Bartiromo is leaving after more than 12 years at the cable news giant, Fox said on Thursday afternoon. Fox didn’t explain why it was parting ways with its star anchor. “We thank Maria for her work over the last 12 ½ years and wish
Legendary economist Gary Shilling says consumer signals point to a recession in the next 12 months
American shoppers are waving some red flags that hint at a recession in the next year, one legendary economist is warning. Gary Shilling, the Stanford economist and Merrill Lynch alum best-known for calling the dot-com bubble and 2008 housing crisis, is doubling down on his view that the US will…
Slate tells customers when to expect the earliest deliveries of its $25K electric truck
Slate expects its no-frills electric truck to start hitting US roads in a few short months. In emails viewed by Business Insider, the startup asked customers who placed a $300 preorder whether they would be interested in an earlier delivery window. A dropdown menu listed “December 2026” as an…
There’s an Easter egg hiding inside the $12.9303 billion price tag of the Nvidia-Hugging Face deal
Look closely at the Nvidia-Hugging Face deal number. Hugging Face cofounder Thomas Wolf snuck a parenthetical into his announcement of the company’s acquisition: “(special congrats if you find the Hugging Face and Nvidia references hidden in our $12,930,300,000 acquisition price).” Techies raced to…
I left a chief HR officer job at 55. Now I work 3 days a week and still get benefits.
This story is based on an interview with Angela Cheng-Cimini, 56, a veteran HR professional who lives near Baltimore. It has been edited for length and clarity. A few years ago, my husband, Michael, and I started losing friends who were around our age. Three, in particular, died of pancreatic…