Microsoft is pushing into “superintelligence,” a more powerful form of AI it hopes could spur advances in medicine and materials science. Mustafa Suleyman, chief of the Microsoft AI group, will lead the MAI Superintelligence Team, tasked with chasing hypothetical milestones that go beyond artificial general intelligence. AGI is an often...
Corporate America’s tone has hardened as layoffs rise and AI reshapes work, with more bosses telling staff to conform or leave. Palantir’s Alex Karp touted an 'anti-woke' stance and attacked multiculturalism; AT&T’s John Stankey curtailed remote work; GitHub’s chief warned to embrace AI or exit; Shopify and Coinbase imposed AI...
U.S. stocks slipped Thursday morning as investors sifted fresh earnings amid a government shutdown that’s obscuring key economic data. The S&P 500 fell 0.4%, the Dow lost 185 points, and the Nasdaq dropped 0.7% by 10:25 a.m. Eastern. DoorDash sank 14% after flagging higher product-development spending next year, while Datadog...
The Chan Zuckerberg Initiative announced its first major restructuring, sharpening its mission around science and A.I. The philanthropy acquired the team from A.I. start-up Evolutionary Scale and named its chief scientist, Alex Rives, head of science, without disclosing the amount. Mark Zuckerberg and Dr. Priscilla Chan pledged a tenfold boost...
Outback Steakhouse abruptly closed 21 restaurants in October and will let 22 more leases lapse over four years as parent Bloomin’ Brands launches a turnaround. The company will take a $33 million impairment and suspend its shareholder dividend while investing $75 million in menu upgrades, value offers, and service tweaks,...
ESPN has named DraftKings its Official Sportsbook and Odds Provider, effective Dec. 1, with integrations rolling into ESPN platforms and the betting tab in the ESPN App starting in December. At launch, users can access sportsbook, daily fantasy and Pick6, with a full rollout of integrations expected in 2026. ESPN...
Turkey prices are spiking ahead of Thanksgiving as bird flu shrinks the U.S. flock to a near 40-year low and strains the supply chain. Wholesale costs are up 75% from October 2024, and Purdue University expects retail prices to average about $2.05 per pound in November, roughly 25% higher than...
Zohran Mamdani won New York City’s mayoral race on a promise to freeze rents for roughly two million rent stabilized tenants, but the housing battles awaiting him start well before any vote. He vowed to revive ailing NYCHA buildings, where $78 billion in repairs loom. He plans to evict Elizabeth...
CarMax shares fell 10% in premarket trading Thursday after the used car retailer issued a weak preliminary outlook and said CEO Bill Nash will step down. The company expects third-quarter comparable used unit sales to drop 8% to 12% and earnings per share of 18 to 36 cents, including 9...
Across U.S. building sites, intensified immigration enforcement under President Trump is deepening an already severe labor shortage. Contractors describe crews too scared to show up after ICE checkpoints and raids, slowing work and inflating costs. In Washington, D.C., bridge contractor Rurick Palomino says documented employees were detained for hours, pushing...
