Periodic Labs, founded by OpenAI’s Liam Fedus and former Google Brain researcher Ekin Dogus Cubuk, emerged from stealth with a $300 million seed round led by Felicis. The startup aims to fuse simulations, LLM reasoning and, soon, robotic powder-synthesis to accelerate materials discovery, starting with superconductors. OpenAI is not an...
CNN Business Nightcap examines swelling AI-market exuberance amid doubts. The Financial Times says 10 unprofitable AI startups added nearly $1 trillion in value over 12 months. Researcher Julien Garran of MacroStrategy Partnership calls it “the biggest and most dangerous bubble,” arguing LLM-based products can’t be commercial, hit scaling limits, and...
Trading cards are surging, with Circana reporting strategic sales up 103% year-to-date through August and non-strategic up 48%. Target says category sales have climbed nearly 70% and are on track to top $1 billion, while Walmart Marketplace cites a 200% spike and tenfold Pokémon gains. Retailers are fueling demand with...
Americans are running into snarled deliveries and surprise bills after the Trump Administration ended the de minimis loophole in August, part of President Donald Trump’s April tariff push. UPS customers describe packages marooned in warehouses, disposal threats, and steep fees: an Alabama buyer’s Italian wine was refused and billed $13...
President Trump on Friday signed a proclamation imposing 25% tariffs on all medium- and heavy-duty truck imports and their parts, and 10% on imported buses, including school and city models. The 25% rate covers Class 3 through Class 8 vehicles. Senior administration officials, speaking anonymously on a call with reporters,...
China and the United States will hold new trade talks next week in Malaysia after a video call described as frank and constructive, as a tariff truce nears its Nov. 10 expiry. President Donald Trump said U.S. tariffs on Chinese goods are "not sustainable," while defending them, and threatened 100%...
The FAA has cleared Boeing to raise 737 Max production to 42 jets a month, easing a cap imposed after a 737 Max 9’s door plug blew out on an Alaska Airlines flight in January 2024. Regulators said they will keep close oversight as Boeing and suppliers scale up. CEO...
Proxy adviser ISS urged Tesla investors to vote down Elon Musk’s proposed $1tn pay package, citing its striking magnitude and a lack of binding safeguards to keep him focused as he juggles other ventures. The recommendation lands before the Nov 6 annual meeting, where the plan—tied to steep market, earnings...
Apple plans to cut iPhone Air production by one million units after underwhelming sales, Mizuho Securities says. Meanwhile, iPhone 17 Pro and Pro Max are outperforming last year’s models, and the standard iPhone 17 is a major success versus iPhone 16. Apple will raise output of other models by two...
Porsche said CEO Oliver Blume will step down from the sports carmaker while remaining at the helm of parent company Volkswagen, ending his much-criticized dual role. Shareholders had warned the arrangement posed an excessive workload and conflicts of interest; one asset manager called him a “part-time CEO.” Porsche named former...
