Peter Thiel’s investment firm has opened a new Miami office, solidifying his move to Florida. The announcement comes as California weighs a one-time 5% wealth tax on billionaires, which could generate $100 billion for the state but risks driving its wealthiest residents away.
Chinese AI chip startup Biren has successfully raised $717 million in its Hong Kong IPO, pricing at the top of its range. The offering saw massive oversubscription, highlighting intense investor interest in China’s domestic semiconductor efforts. This comes as the country pushes hard to develop alte
The Big Four consulting firms went all-in on AI in 2025, deploying tens of thousands of “intelligent agents” and investing billions. But the shift is already reshaping their workforce, with graduate hiring cuts and a massive push to hire technologists instead.
Duke Energy is taking a major step toward new nuclear power in North Carolina. The utility has filed for an early site permit, eyeing up to 600 megawatts of advanced nuclear capacity by 2037.
Softbank has finalized its enormous $40 billion commitment to OpenAI. The final tranche of over $22 billion was sent last week, completing a deal first reported in February. This capital is set to fuel OpenAI’s ambitious infrastructure plans.
The push for AI is overwhelming companies still stuck on manual processes. According to one benefits tech CEO, success now requires a “walking pace” and a deep understanding of client fears. It’s a major shift from the typical tech sales playbook.
In a digital-first world, AI companies are going analog. They’re pouring over $300 million into offline ads and real-world events, from calm billboards to pop-up cafes, all in an effort to make their tech feel tangible and trustworthy.
Samsung Electronics is on track to post its highest-ever quarterly operating profit of about $14 billion in the final quarter of 2025. This massive 30% beat over analyst expectations is almost entirely due to skyrocketing memory chip prices. The AI boom is creating a windfall for the industry’s bigg
MassMutual is pushing its AI efforts into high gear, aiming for a fully agentic software development process by Q1 2026. Early tests have already delivered a 35% productivity boost per team, validated across multiple scenarios. The company is building on this to expand autonomous agents into call ce
After a decade of losing ground to private credit firms, major US banks are staging a massive comeback. Fueled by a friendlier regulatory climate, they’re lending aggressively and their stocks are soaring, while their buy-side rivals face new headwinds.
