Even as retail traders flee the crypto markets amid plummeting prices, large financial institutions continue to lean into digital assets. That’s positioned STS Digital, a Bermuda-based startup that caters towards institutional investors, to benefit, and it’s raised $30 million to…
For pranksters of a certain age, Fraser Smeaton is a hero. With his brother, Ali, and former roommate, Gregor Lawson, the Scottish business leader is the founder of Morph Costumes. Morph is a UK costume company that launched a twist…
Good morning. “Housing is the gateway for commerce,” says Ken Chenault. He ought to know. As chairman and CEO of American Express from 2001 to 2018, he transformed the brand from being perceived as a credit card for the elite…
Even after building a trillion-dollar tech giant, Steve Jobs never pretended to have all the answers. That’s the lesson that stuck with Jony Ive, Apple’s former chief design officer, who worked alongside the late cofounder for nearly 15 years in…
As artificial intelligence (AI) threatens the white-collar job market and the cost of living continues to skyrocket, and while doomsday essays about white-collar job loss go viral—including those by Citrini Research and by Matt Shumer—a top global strategist has a…
Tech titans and stock market investors are increasingly unified in their forecast that artificial intelligence will permanently eliminate millions of white-collar jobs and render traditional employment obsolete. Software and services stocks have taken a beating, with software multiples pulling back…
A London-based startup founded by two Cambridge-trained neuroscientists has raised $10.25 million for their startup Callosum, which is building software that orchestrates AI workloads across a mix of different chip types—challenging the industry’s dependence on running ever-bigger models on banks…
Did you know Walmart’s advertising business accounted for about 30% of the company’s operating profit last year? Did you even know that Walmart has an advertising business? That stunning fact, unknown to many people (including me), exemplifies the conclusion of…
Jamie Dimon wants society to start worrying about AI-driven job loss before it actually happens. The longtime JPMorgan Chase CEO told investors at a company event on Tuesday that businesses and governments need to start preparing now in order to…
Nvidia CEO Jensen Huang’s comments on his company’s Q4 earnings call on Wednesday may one day be remembered as the peak of the AI bubble—the classic moment that occurs in every bubble when hubris and self-delusion overtake common sense. For…