The founder and former CEO of a US-based e-commerce firm was charged with making false claims about his company’s artificial intelligence (AI) technology when he actually employed human workers at a call center located in the Philippines. Saniger misled investors and the public about the AI in his Nate shopping app.(Screengrab LinkedIn/@Albert Saniger) Albert Saniger,…
Elon Musk‘s wealth dropped below $300 billion on Monday for the first time since last year, as the impacts of recent Tesla backlash and sweeping new tariffs collided. The richest man in the world was worth $298 billion as of market close Monday, according to the Bloomberg Billionaires Index. Since the beginning of the year,…
Protecting your finances amid economic uncertainty WESH 2’s Meredith McDonough and Jason Guy discuss how President Donald Trump’s newly imposed tariffs may impact the U.S. economy, stock market Updated: 10:44 AM EDT Apr 4, 2025 MONTH, A TIME DEDICATED TO PROMOTING FINANCIAL EDUCATION AND EMPOWERMENT, AND NOW FEELS LIKE A VERY IMPORTANT TIME, MAYBE MORE…
CoreWeave CEO Michael Intrator unpacked the cloud computing company’s first day on the market in a Friday interview with CNBC’s Jim Cramer, defending its decision to raise a hefty debt load. “The debt is the engine, it’s the fuel for this company,” Intrator said. “We go out, we find great contracts with great counterparties that…
Whitney Wolfe Herd returned as Bumble CEO amid big leadership changes at the dating app. Last month, rival company Match Group also replaced its CEO. The new CEOs are highlighting changes for trust and safety. The owners of some of the world’s biggest dating apps — Match Group and Bumble — just went through big…
Good morning. The S&P 500 closed at a record high yesterday for the first time since early December, fueled by comments from President Donald Trump calling for lower oil prices and interest rates. The comments were part of Trump’s speech at the World Economic Forum in Davos, which is the focus of today’s newsletter. BI…
The art of surprise is something Desa Potato Head in Bali has mastered. The designer chair you’re sitting on? Crafted from recycled plastic waste collected from Bali’s shores. Why yes, that is Erykah Badu teaching a meditation class. Thirsty? Open up the modular coffee table in your room to find a secret, fully-equipped cocktail bar. …
In less than a month, TikTok could be pulled from US app stores due to a federal divest-or-ban law. Merchants who sell on TikTok Shop may struggle to find an alternative if the ban goes through. TikTok Shop offers a unique blend of social tools, e-commerce tech, and a large audience. If TikTok is pulled…
Dec 15, 2024 10:36 AM IST Elon Musk’s reaction to Indian-origin CEO Aravind Sriniva’s X post has gone viral, and many have shared their opinions on the matter. Billionaire Elon Musk reacted to an X post by Aravind Srinivas, the Indian-origin CEO of Perplexity AI, and his response has created a stir on social media….
Donald Trump is getting donations left and right from the biggest names in business. OpenAI CEO Sam Altman was the latest to give $1 million to Trump’s inaugural fund. Tech leaders are angling to get or stay in his good graces and help shape his administration’s tech policy. The latest business trend? Donating $1 million…