Business

OpenAI’s Third Act: From ChatGPT Pioneer to Public Company Reshaping the Economy
Sam Altman and Jakub Pachocki didn't bury the lede. In a post published Monday on OpenAI's site, the CEO and chief scientist declared their company has moved past its origins...
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North Carolina Pension Chief Rejects $1.8 Trillion SpaceX, Doubles Down on AI
North Carolina State Treasurer Brad Briner has drawn a sharp line. His pension system, guardian of retirement savings for teachers, firefighters and police officers, will ski...
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Microsoft’s Azure Retreat in China: Data Rules Fracture the Global Cloud
  Microsoft is cutting hundreds of jobs in its Azure cloud unit across Beijing and Shanghai. The move hits between 200 and 400 workers. Their last day comes July...
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Treasury Yields Slide as May Core Inflation Data Offers Mixed Signals to Markets
  US Treasury yields dropped sharply after fresh government data showed core consumer prices rising more slowly than many anticipated in May. The 10-year note yie...
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Federal Judge Approves Visa-Mastercard Settlement Cutting Interchange Fees 30%
A federal judge has granted preliminary approval to a major settlement between Visa, Mastercard, and a group of merchants that could reshape how credit and debit card fees are h...
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AI Boosts Hyatt Sales Productivity by 8 Hours Per Week Without Layoffs
AI tools have begun reshaping how hotel sales teams operate, and one major hospitality company reports measurable gains in productivity without reducing headcount. According to...
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Salesforce Cuts Jobs, Buys AI Pricing Firm and Launches Record Buyback
Salesforce is trimming staff even as it snaps up a metering startup and pours billions into its own shares. The moves come days apart. They paint a picture of a company resha...
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Salesforce’s Generous Severance Formula Offers a Buffer as AI-Driven Cuts Continue
  Salesforce began another round of job reductions this month. The moves hit teams working on Agentforce, its AI agent platform, along with Mulesoft, Marketing Cl...
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Big Banks Strike Back: Tokenized Deposits Aim to Keep Money in the System
JPMorgan Chase, Citigroup and Bank of America are joining forces on a shared tokenized deposit network. The project targets launch in the first half of 2027. It arrives as st...
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Steven Bartlett’s Hard-Won Lessons: What One Founder Learned From Building a Podcast Empire
Steven Bartlett once stared at a blank screen, wondering if anyone would listen. Today his show, The Diary of a CEO, ranks amon...
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Meg Whitman’s Blunt Warning: Global Reach Means Little Without Focus
Meg Whitman stood before technology leaders gathered in Aspen and delivered a message that cut against years of corporate boasting. “It is not a badge of honor to be in 120 c...
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Beacon’s $225M Raise Fuels AI Makeover of Main Street Software
Beacon Software just closed a $225 million Series C. The round, led by General Catalyst and HarbourVest, pushes the Toronto and San Francisco-based holding company's total fu...
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Jensen Huang Channels Buffett’s Buy-the-Dip Wisdom Amid Surging AI Demand
Jensen Huang just told the world to load up on AI stocks during the latest pullback. The Nvidia chief executive didn’t mince words. He called it a "huge buying opportunity."...
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Salesforce’s AI Pivot Claims Its Own: Inside the Job Cuts Hitting Agentforce
Salesforce slashed hundreds of positions early this year. The targets included teams building and supporting Agentforce. Its flagship AI agent platform. The irony runs deep....
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Why Operational Mastery Now Undermines CEOs as AI and Geopolitics Force a Strategy Reset
Carolyn Dewar founded McKinsey’s CEO practice. She has spent years advising the world’s top executives. On June 9, her latest commentary in...
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