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Over the weekend, crypto traders were likely anything but zen, as the price of OM—the native token to the Mantra blockchain—crashed more than 90%. On Sunday, OM prices fell from around $6.30 to less than $0.50 within a couple of hours, shaking up the crypto markets and likely leaving many people with crypto holdings wondering if they were witnessing another catastrophe like the FTX collapse. But that doesn’t appear to be the case so far. Here’s a rundown of the important facts to know, as we understand them on Monday morning. What happened with Mantra? As noted, OM values plummeted sharply on Sunday, April 14 by more than 90%. It was unclear what exactly wa…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. During the Pandemic Housing Boom, housing demand surged rapidly amid ultralow interest rates, stimulus, and the remote work boom—which increased demand for space and unlocked “WFH arbitrage” as high earners were able to keep their income from a job in say, NYC or L.A., and buy in say Austin or Tampa. Federal Reserve researchers estimate “new construction would have had to increase by roughly 300% to absorb the pandemic-era surge in demand.” Unlike housing demand, housing stock supply isn’t as elastic and can’t ramp up as quickly. As a result, the heighte…

The U.S. Justice Department is doubling down on its attempt to break up Google by asking a federal judge to force the company to part with some of the technology powering the company’s digital ad network. The proposed dismantling coincides with an ongoing federal effort to separate Google’s Chrome browser from its dominant search engine. The government’s latest proposal was filed late Monday in a Virginia federal court two-and-half weeks after a federal judge ruled that its lucrative digital ad network has been improperly abusing its market power to stifle competition to the detriment of online publishers. In a 17-page filing, Justice Department lawyers argued tha…

In my decades of working in cybersecurity, I have never seen a threat quite like the one we face today. Anyone’s image, likeness, and voice can be replicated on a photorealistic level cheaply and quickly. Malicious actors are using this novel technology to weaponize our personhood in attacks against our own organizations, livelihoods, and loved ones. As generative AI technology advances and the line between real and synthetic content blurs even further, so does the potential risk for companies, governments, and everyday people. Businesses are especially vulnerable to the rise of applicant fraud—interviewing or hiring a phony candidate with the intent of breaching an o…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. When assessing home price momentum, ResiClub believes it’s important to monitor active listings and months of supply. If active listings start to rapidly increase as homes remain on the market for longer periods, it may indicate pricing softness or weakness. Conversely, a rapid decline in active listings could suggest a market that is heating up. Generally speaking, local housing markets where active inventory has returned to pre-pandemic levels have experienced softer home price growth (or outright price declines) over the past 30 months. Conversely…

Daniel George, the founder and CEO of AI company TwinMind, has quite the resume. He was a part of a Nobel Prize-winning team that worked on using artificial intelligence (AI) to detect gravitational waves and black holes. He also worked on AI projects at companies like Wolfram and Google X. Perhaps most notably, he created an AI tool that automated his own job as a VP at JPMorgan, allowing him to spend a few years traveling the globe. And now, George counts himself as a startup founder, and he’s bringing his latest project to the masses: TwinMind, an AI platform that “listens to everything you do, say, and browse, and it’s all stored locally and encrypted,” he sa…

OpenAI was founded as a nonprofit with a mission to build safe artificial general intelligence for the benefit of humanity. For a while, that structure made sense. But in 2019, the company made a discovery that changed everything: scaling up AI models—with more data, compute, and parameters—led to predictably stronger results. The insight was formalized in a 2020 paper titled “Scaling Laws for Neural Language Models,” and it reshaped OpenAI’s trajectory. That same year, the company released GPT-3, a model 100 times larger than GPT-2. Microsoft invested. Venture capitalists piled in. Inside the company, employees began to see Sam Altman as the one who could turn a nonp…

Switch, PS5, and XBox might be the biggest names in video games, but David Lee and a group of entrepreneurial alums from companies like Apple, Google, Microsoft, and Meta are carving out a niche market with Nex, a new alternative. The company’s Nex Playground device has sold more than 200,000 units. Instead of buying individual games, families buy a subscription-based collection of 40-plus titles. Like the old Nintendo Wii, Nex focuses on family-friendly, movement-based games. The Nex device plugs into TVs for motion-controlled experiences. Instead of controllers, the device uses a built-in camera that enables you to play games by moving your hands and feet. …

SpaceX owns 98% of global rocket launches, a monopoly with virtually no competition. Only China is competing with Elon Musk at this point in number of launches and, while the country is getting closer to mass-producing reusable rockets, it appears far from making that happen. The world needs to scramble. We can’t let a single company dominate the future of humanity—and much less one that is owned by Musk. “If you copy SpaceX, it’ll take you 10 years to get where they are today,” Lin Kayser, cofounder of Dubai-based engineering AI firm Leap 71, tells me in a video interview. “But in 10 years, SpaceX won’t be where they are today. The game will be over.” Startups and na…

At a recent academic conference, I noticed a familiar unease ripple through conversations about “soft skills.” Many participants winced at the term. They recognized the inadequacy of the term, yet struggled to agree on a better alternative. People floated around suggestions like “human skills,” “essential skills,” or “power skills,” but none seemed to stick. This persistent terminology problem reflects a deeper tension in our educational system. There’s a long-standing bias that elevates “hard” technical competencies over the nuanced, deeply human capabilities that actually define long-term professional success. Historically, hard skills emerged from the natural s…

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here. AI pioneer Illia Polosukhin offers a blockchain-flavored open-source enablement platform Illia Polosukhin, who coinvented the Transformer architecture at Google in 2017, is now launching a new company called Near AI. The company will offer services through a blockchain-powered platform that functions as a secure marketplace for open-source AI models and agents. Polosukhin is a strong advocate for transparent, open-source AI models, which he believes are the best way to promote responsib…

Target Corp. is pushing back on media reports this week that it has changed its policies around self-checkout technology in response to shoplifting or customer dissatisfaction. A number of news outlets reported over the weekend and yesterday that the retail giant has limited self-checkout registers to 10 items or fewer, but Target made that announcement more than a year ago. “Target is not removing self-checkout,” a spokesperson told Fast Company when reached for comment. “We offer it in the vast majority of our stores and have no plans to change this.” The company declined to share additional details about how theft—or “shrink” in industry parlance—has shaped…

Since it launched two years ago, Spotify’s AI DJ has been a one-way experience. It curates old favorites and helps listeners discover new tracks based on past listening experience and what similar users like. But now it’s getting interactive. Spotify unveiled the ability to request songs from the DJ based on mood, genre, and vibe. The feature, which launched across 60 markets, is exclusive to Spotify Premium users, who can access the DJ by searching for the tool in the app. It’s the latest AI feature to come from Spotify, which introduced an AI-generated playlist builder for Premium users in the United States last fall. But Molly Holder, Spotify’s senior directo…

Texas has more than 600 known cases of measles on Tuesday as the outbreak in the western part of the state approaches the three-month mark. The U.S. was up to 800 cases of measles nationwide on Friday. Two unvaccinated elementary school-aged children died from measles-related illnesses in the epicenter in West Texas, and an adult in New Mexico who was not vaccinated died of a measles-related illness. Other states with active outbreaks—defined as three or more cases—include Indiana, Kansas, Michigan, Montana, Oklahoma, Ohio, Pennsylvania, and New Mexico. The U.S. has more than double the number of measles cases it saw in all of 2024. North America has two other outbreak…

Summoning a robotaxi from your phone is not a futuristic fantasy since Waymo achieved full commercial deployment. View the full article

After Thanksgiving, brands will bombard you with Black Friday and Cyber Monday promotions. It can be overwhelming to know what to buy. After all, some deals aren’t actually all that good. And besides, you don’t want to make impulse buys that you’ll regret later and that will end up in a landfill in the near future. To help cut through the noise, we’ve picked out the best deals from design-forward brands. They create beautiful products that are thoughtfully designed to last for years. We’ve even picked out some of our favorite classic products that you will enjoy using for a long time. All the prices below are before discounts. MoMA Design Store 20% off sit…

Of all of its ingredients, it’s perhaps the signature pepperoncini at Papa Johns that most differentiates the pizza chain from its competitors. Papa Johns places one of its Mediterranean-grown pepperoncinis in every pizza box along with complimentary garlic dipping sauce. Like fortune cookies at a Chinese restaurant or Andes mints at Olive Garden, these freebies are a bit of hospitality meant to delight customers and build loyalty in a notably unfaithful fast-food category. Now Papa Johns is taking the pepperoncini a step further by placing it right into your drink: “Cini Dirty Soda” is citrus soda with a zesty, pepper kick. How Papa Johns went all in on a pep…

You’ve probably heard of Charles and Ray Eames, the designers behind the iconic Eames chair and ottoman, and Georgia O’Keefe, the trailblazing artist. But you might not know about how these artists were connected during their careers—or the art that came from their camaraderie. Herman Miller, in collaboration with the Georgia O’Keeffe Museum, is bringing that history to light with a new limited-run furniture line. The New Mexico Collection, set to be released on May 20, celebrates the Eameses, O’Keeffe, and designer Alexander Girard, the founding director of Herman Miller’s textile division. Included in the launch are 300 special Eames Wire Chairs, retailing for $1,9…

The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. In just a few short years, generative artificial intelligence has begun demonstrating its tremendous business potential. Stanford University’s latest AI Index report reveals that global corporate investment in AI grew nearly 45% in 2024 to reach $252.3 billion. With private investment in generative AI up 8.5 times over 2022 levels, forecasts suggest that AI could soon contribute trillions of dol…