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News
Faced with less compute and fewer tokens, Chinese AI labs are tightening the gap with the US by just being more efficient
1+ hour, 17+ min ago (757+ words) The race between the world’s two biggest economies to dominate AI recently escalated with new accusations and raised the question of how China came to rival the U.S.’s AI capabilities. Six Chinese AI companies, U.S. officials alleged earlier…...
The Chamber of Commerce and the College Board on the missing subject in American high schools: business??
12+ hour, 11+ min ago (423+ words) However, the stark reality is that America’s leading businesses say high school graduates aren’t as prepared as previous generations, citing that they can execute assignments but struggle to think critically and navigate ambiguity at a time when technology is rapidly…...
The rich are learning how to look less rich on their children???s college applications
2+ hour, 17+ min ago (346+ words) Read that description and one can’t help but ask: Who, exactly, is this for? The problem wasn’t that these students were wealthy. Admissions officers knew that. The problem was that their boastful applications that flaunted privilege made it look as…...
One year after a bipolar episode put him in the hospital, Bonobos cofounder Andy Dunn sold his company to Walmart for $310 million
3+ hour, 17+ min ago (447+ words) Over the course of his two-decade career, entrepreneur Andy Dunn has launched several businesses and invested in dozens more. One of his biggest moves to date was selling his menswear brand Bonobos to Walmart in 2017 for a whopping $310 million. But…...
Women hold more U.S. jobs than men???but still earn far less starting the day they graduate
1+ day, 19+ hour ago (514+ words) For only the third time in American history, women hold more payroll jobs than men—and that trend isn’t likely to reverse anytime soon. Yet even as women pull ahead on job counts, men continue to out-earn them at nearly…...
Miami is the luxury capital for the rich fleeing New York and LA???now a $100M office has infrared saunas, a stem cell clinic, and a Vegas-style valet
3+ hour, 34+ min ago (530+ words) Miami hasn’t always been a destination for luxury and wealth. For a long time, it was seen as a fun place to party and vacation—an escape from the world. But as more wealth has moved from major cities like…...
Boards were built for a vertical world. Risk has gone horizontal
15+ hour, 41+ min ago (726+ words) Corporate governance is being stress-tested, not at the margins, but at the level of its underlying architecture. The modern board model was shaped in the industrial era, when companies were hierarchical, risks were more contained, and change moved more slowly....
Amazon workers on food stamps have tripled despite its record revenue???and it???s just the latest evidence of the new economy of shrinking labor shares
4+ hour, 17+ min ago (600+ words) The U.S. workforce has just made the type of history it likely wishes it didn’t. Working Americans are taking home the smallest percentage of economic output, 52.8%, since the Bureau of Labor Statistics began tracking the metric in 1947. But as the share…...
A flawed system and one man's hubris cost Meta shareholders $17 billion
15+ hour, 26+ min ago (209+ words) Meta has agreed to pay up to $17.1 billion to settle claims by 47 states and thousands of families making the case that Facebook and Instagram were engineered to addict children. In 2020, faith-based investors brought a sex-trafficking survivor before Meta’s annual meeting,…...
A German founder???s case for why America still needs immigrants
11+ hour, 11+ min ago (875+ words) A German founder’s case for why America still needs immigrants Fortune A German founder’s case for why America still needs immigrants Florian Otto is CEO and cofounder of Cedar, a healthcare technology company that helps hospitals and doctors make medical…...