One of the world’s most contentious AI companies just took its first outside investment. The check came from the Chinese government. DeepSeek founder Liang Wenfeng—a hedge fund billionaire who controls nearly the entire company—has spent years refusing outside money. Then,…
You’ve been planning the perfect trip for months: that gorgeous, sun-filled apartment overlooking the Seine on one end and crystal clear views of the Eiffel Tower on the other; a slow breakfast filled with coffee and croissants galore; pre-booked tickets…
For years, the American power grid was a bastion of predictable stability. Throughout the 2010s, U.S. electricity demand remained flat as efficiency gains and declines in energy-intensive sectors such as manufacturing helped obscure the dawning digital age. But the power…
For today’s college students, attitudes toward AI can seem paradoxical. On one hand, they’ve made their ire toward the technology clear: Former Google CEO Eric Schmidt was met with hisses during his commencement remarks at the University of Arizona’s graduation…
Long before he became CEO of Goldman Sachs, David Solomon got a tough lesson from his father after complaining he never had enough money: the problem wasn’t cash. It was time. Growing up in upstate New York, Solomon kept a…
An Oakland, Calif., jury rejected Elon Musk’s claims against OpenAI and its CEO Sam Altman, after just two hours of deliberation on Monday and three weeks of testimony. The nine-person jury did not rule on the merits of Musk’s complaint that OpenAI violated…
For decades, the U.S. enjoyed a peculiar privilege: It owed the world a fortune but somehow still collected more than it had to pay out. The country was effectively able to consistently run up a tab and still walk out…
Whenever someone visits Japan, they mention the sights, the food, the impeccable transportation. Oftentimes, they mention futuristic toilets: the ubiquity of bidets, their sound effects, and the turbo-powered jets that keep you clean. Now Japan’s largest bidet maker, Toto, is…
Earlier this year, Harvard’s endowment fund shook up its crypto approach by reducing its Bitcoin ETF exposure, and adding Ethereum ETF shares. Only months later, however, the Ivy League school has refined that approach further as its latest disclosures show…
That looks to be the case for at least one technology services and outsourcing firm. TTEC recently paused 401(k) matches for its US-based employees, Business Insider reported on May 8. The company, which is headquartered in Austin, has about 16,000 staff in…