France recorded its hottest day ever Tuesday as an early heat wave gripped Europe, prompting the Eiffel Tower and the Louvre museum to restrict visiting hours and disrupting school and transportation schedules in multiple countries. Punishing temperatures extended to the United…
For months, Kleiner Perkins partner Aditya Naganath had been mulling over his investing thesis that the next wave of AI wasn’t going to be a chatbot—it was going to be software that does the work autonomously, for hours at a…
We’re a little over halfway through 2026, and frankly, so far it’s been a weird year. I was thinking about that in the context of this week’s Term Sheet Podcast with Josh Wolfe, Lux Capital cofounder and backer of companies…
The luxury sector is weathering crosswinds at the moment: On the one hand, military conflict in the Middle East has sent high-earning consumers scattering from the region and purse strings tightening. On the other hand, the emergence of AI and…
For much of its existence, Reddit has occupied the internet’s stranger fringes. Users vote posts up or down, propelling some to viral fame (or infamy), and organize themselves into communities, known as subreddits. At its worst, the site has harbored…
As the saying goes, watch the pennies and the pounds look after themselves. But as it turns out, even some of the wealthiest people on the planet follow the money-saving mantra, well after they’ve made it. IKEA’s billionaire founder, Ingvar…
A murderer’s row of hedge fund managers agree on one investment move: Amazon is a bargain megacap stock in the artificial intelligence trade that looks expensive. During the most recent quarters, a roster of money managers including David Tepper‘s Appaloosa…
Americans are expected to spend a record $26.3 billion during Amazon’s four-day Prime Day sale — and almost none of it feels celebratory. The summer of “butter yellow,” the shade of consumer anxiety, comes with an earlier-than-ever flagship event for…
As Silicon Valley debates whether AI will replace millions of office workers, one of the executives building the technology’s underlying infrastructure says Gen Z shouldn’t buy into the apocalyptic job displacement predictions. Matt Garman, CEO of Amazon Web Services, argued…
For decades, arms sales went in one direction: the U.S. and Western Europe designed and supplied the world’s most advanced weapons, and Asian countries bought them. But that flow is quickly reversing as Asia, once an arms importer, is now…