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A few weeks ago, Apple cofounder Steve Wozniak managed to mention AI in his commencement speech to the Grand Valley State University class of 2026—without receiving a wave of boos from the crowd. “You all have AI—actual intelligence,” Wozniak said, eliciting applause from the audience. “My entire life in the technical world, I’ve been following people that were trying to figure out how to make a brain.” “I was at a company where the engineers figured out how to make a brain,” he continued, saying it “takes nine months.” For new college grads who are entering an unsteady job market with fewer openings for entry-level positions, Wozniak’s words probably felt lik…
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Jeff Bezos is opening up about wealth inequality in America. Given the Amazon founder has often been accused of unfair treatment of employees, with accounts of mandatory overtime, and workplace safety problems, his latest comments are surprising. In a new CNBC Squawk Box interview with interviewer Andrew Ross Sorkin, one of the richest men in the world, says we’re living in a “tale of two economies.” There’s the ultra-rich who are financially thriving, and then, there’s everyone else, who are, well, not. When pressed about how to solve the problem, Bezos said that part of the reason no one is addressing such a huge divide is that politicians are busy blaming one anot…
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Earlier this year, fintech company Bolt laid off 30% of its workforce. In an internal Slack message, CEO Ryan Breslow told employees: “Going forward, Bolt will be operating as a much leaner organization and leveraging AI at our core.” On Tuesday during Fortune’s Workforce Innovation Summit, Breslow shared the reason behind the layoffs—and why he decided to cut Bolt’s HR team entirely. “We had an HR team, and that HR team was creating problems that didn’t exist,” Breslow said. “Those problems disappeared when I let them go.” In 2022, Breslow stepped down as CEO of Bolt after the company he founded from his Stanford dorm room started to see a decline in its ric…
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Nvidia Corp. (NVDA) on Wednesday reported fiscal first-quarter profit of $58.32 billion. The Santa Clara, California-based company said it had a profit of $2.39 per share. Earnings, adjusted for non-recurring gains, came to $1.87 per share. The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share. The maker of graphics chips for gaming and artificial intelligence posted revenue of $81.61 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $78.75 billion. _____ This story was generated by Automated Insights (http:…
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Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Based on our analysis of the Zillow Home Value Index, U.S. home prices are up 0.7% year over year between April 2025 and April 2026. That year-over-year pace is the same as it was a year ago—back in April 2025, when the national year-over-year home price growth rate was 0.7%. And it’s up slightly from the recent year-over-year low of -0.01% in August 2025. In the first half of 2025, the number of major metro-area housing markets seeing year-over-year declines climbed. That count has since stopped ticking up. 31 of the nation’s 300 largest housin…
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The Ordinary, a cosmetics company known for its lower-priced, often single-ingredient products, just announced that it was furthering its mission to “remove unnecessary barriers to provide accessible, high-quality solutions.” To do so, it is offering people a free shuttle bus that runs between Williamsburg’s Domino Park and Prospect Park in Brooklyn, New York. The company claims that The Ordinary Bus, which will run from May 26 through June 6, solves for a transit gap that can often involve a 50-minute subway detour through Manhattan. The tenuous parallel with the company’s skincare line is that it also provides a no-frills solution to a common problem (bad skin). …
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Bumble has a new AI assistant: a matchmaker named Bee. The dating app company recently revealed the new dating guru during its fourth quarter earnings call, which was first reported by on TechCrunch. Essentially, Bee’s job is to learn about what users want in a partner through initial private conversations with the user and help them find matches through Bumble’s new “Dates” tool. Her job will eventually get bigger, too. Bee will help plan dates and even ask for (anonymous) feedback about those dates in the same way a close friend with the inside information might offer. In addition to adding the new AI tool, Bumble will be moving away from swiping right (yes) or left…
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Not driving your car directly into a body of water may sound like common sense—but hey, if Elon Musk says it’s safe, who are we to disagree? A Tesla Cybertruck driver learned the hard way that Musk’s words aren’t gospel when he intentionally drove his car into Grapevine Lake in North Texas on Monday evening, employing the vehicle’s “Wade Mode,” which is intended for use in water up to 32 inches deep. Videos shared on social media show the vehicle moving through the shallow section of the lake, only for his Cybertruck to shut down when he got to deeper waters, leaving the vehicle stranded. In the aftermath, social media users are pointing to posts by Elon Musk that…
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The NAACP is calling on Black student-athletes and fans to boycott public universities in Southern states following a Supreme Court decision that weakened the Voting Rights Act. On Tuesday, the NAACP launched the “Out of Bounds” campaign, a nationwide call urging Black athletes, alumni, and fans to withhold all athletic and financial support from Southern public universities. The campaign prioritizes boycotting flagship universities in eight states that it says have “moved to limit, weaken, or erase” Black voting representation in the wake of the Supreme Court’s decision: Alabama, Florida, Georgia, Louisiana, Mississippi, South Carolina, Tennessee, and Texas. …
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Elite education has spent decades competing on curriculum, faculty, and brand. Those signals still carry weight. But for founders, executives, and investors, the real question is no longer “Where did you study?” but “Who now takes your call—and why?” When high‑quality content is everywhere, the premium is shifting from information to access. What matters is the environment around the learning: who is in the room, how quickly trust forms, and what happens when people close their laptops and start talking about real decisions. That has become clear in my work advising GIOYA HEI, an institution that deliberately combines higher education with a curated leadership and…
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Meta officially announced a sweeping round of layoffs today that will impact thousands of employees across the business, or about 10% of the company’s 78,000-person workforce. In a memo to employees today—obtained by Business Insider—Meta remained coy about the rationale for the layoffs, using the same language as in prior internal communications. “As previously shared, we have decided to reduce headcount as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making,” the company wrote in the memo, which was signed by “Meta Leadership” and offered no further explanation for the job cuts. It se…
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First there was nutrient timing, then proteinmaxxing—now, fibermaxxing is the latest viral wellness trend everyone is talking about. On TikTok, social media influencers can be seen extolling the virtues of fiber (hashtag #fibermaxxing). One such influencer is @shanny_do, a self-proclaimed “fiber-obsessed gastroenterologist,” who posted with gusto about what she packs each day for work at the hospital. (For the curious, that’s a bowl that includes: Ethiopian spicy lentils, some plain black beans straight from the can, baba ganoush and carrots; a second small bowl of berries—black, blue and raspberries; a Z bar—a kid’s protein snack bar made of oats—and an apple.) A…
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Airbnb is becoming Airb-n-bigger. In an attempt to become what is something of an all-encompassing trip platform, Airbnb announced several new features and offerings on Wednesday, including a redesigned homepage, new service categories (such as airport pickups, grocery-delivery options, luggage-storage, and car rentals, along with new experiences), and even the ability to book rooms at boutique or independent hotels. That’s right: the company that built a name for itself offering alternatives to hotels is now folding some of them into its platform. Airbnb inflates The new features are wide-ranging, and users can even take advantage of social elements, like…
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And the layoffs continue: Intuit plans to axe 17% of its workforce, about 3,000 of its approximately 18,200 global employees (as of July 31, according to its annual report), Reuters reported Wednesday. The company said it will focus on accelerating integrating AI across the company and its services, while streamlining operations. The news is based on a an internal memo sent to employees from CEO Sasan Goodarzi, which argued the move would help the software company behind TurboTax, QuickBooks, Credit Karma, and Mailchimp deliver better products. In an effort to restructure and streamline, Intuit is also reportedly closing key hubs in Reno, Nevada and Woodland Hill…
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Watch an exclusive 30-minute webinar for Modern CEO subscribers featuring Matt Fitzpatrick, CEO of Invisible Technologies, in conversation with Stephanie Mehta. Learn where AI is driving real business impact, how to separate hype from opportunity, and the key questions CEOs should be asking as AI adoption accelerates. View the full article
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A decade of light-night history is closing out this week, with Stephen Colbert’s tenure as the host for “The Late Show” coming to an end on Thursday. Filmed in the Ed Sullivan Theater, The Late Show is CBS’s flagship late night talk show, first airing in 1993 with David Letterman hosting. Colbert first joined the show in 2015 following successful stints at The Daily Show and The Colbert Report, with his political monologues during the first The President administration helping grow his popularity, particularly among more liberal viewers. His vocal critique of The President is also seen by many as precipitating the end of his hosting duties. CBS parent company P…
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After losing a boardroom power struggle with Apple CEO John Sculley, Steve Jobs was exiled to a small building across the street from Apple’s headquarters. It was May 1985. He and his colleagues called his new office “Siberia.” Corporate reports stopped flowing to his desk, and executives stopped calling, leaving him bored and lonely. “It was amazing to see how ostracized he was in the Valley,” recalled Susan Barnes, a Macintosh financial controller who had previously reported to him. “It was really cruel.” Jobs is remembered as the visionary who returned to Apple, the company he cofounded, in 1997, and saved it from near-bankruptcy. But before the comeback, he ma…
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Fifteen years ago, tech investor Marc Andreessen published his famous essay, “Why Software Is Eating the World.” He predicted at the time that technology companies were tremendously undervalued, and that low startup costs and almost infinite scalability would lead software-based companies to dominate every industry. You can see what he means. Today, the “Mag 7” stocks dominate the S&P 500 with market capitalizations in the trillions. Even startups like Anthropic and OpenAI are valued at hundreds of billions of dollars. Meanwhile, massive investment in data centers is reshaping industries from construction to energy. But not so fast. While recent advances in ma…
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While smartwatches have spent the last decade fighting for our attention with buzzing notifications and glowing screens, a quieter revolution has been moving down to our fingers. Yes, the smart ring market has matured from a niche experimental category into a legitimate hardware battleground where the stakes involve more than just step counts. For anyone looking to track their health without (or while) strapping a small computer to their arm, the landscape is now crowded with options that balance high-end aesthetics with serious sensor arrays. Here are some to check out. Oura Ring 4 ($349 + $6/month) The Oura Ring 4 remains the undisputed heavyweight ch…
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In 1985, Intel was in trouble. Japanese competitors were dominating the memory chip market that Intel had helped invent. Inside the company, leadership debated what to do. During one conversation, Andy Grove, then Intel’s president and COO, asked CEO Gordon Moore a deceptively simple question: “If we were replaced tomorrow, what would a new CEO do?” Moore didn’t hesitate. “He would get us out of the memory business.” The two men looked at each other and realized something uncomfortable. They already knew the answer; they just hadn’t acted on it. Intel exited the market that had defined its identity and doubled down on microprocessors, a decision that reshaped the comp…
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In 2006, Amazon Web Services was a fledgling—and a bit of an oddity. Amazon had taken the cloud-computing technologies it had created for its own operations and turned them into a business. Any organization could use them to build out an online presence without managing any infrastructure. Amazon watchers struggled to suss out what the e-tailer was up to: “I have yet to see how these investments are producing any profit,” carped one Wall Street analyst. At the very start—when it was still a big deal if AWS collected $100 in revenue in a single day—an AWS product manager named Matt Garman had lunch with a friend who worked in another part of the company. “[The coworker…
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AI is changing the job hunt for candidates and employers, but also the recruiters caught in the middle. From AI-screened video interviews to platforms like Paraform that reward recruiters for smart matches, the hiring industry is evolving fast. But as these tools get smarter, one question remains: Will human recruiters still have a seat at the table? View the full article
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Online creators are giving their followers some unusual advice to help lower their flight ticket prices: head to the public library. Over the past few days, multiple viral posts have sprung up wherein creators claim that they were able to score major savings on flights (up to thousands of dollars, in one case) by booking their tickets on a public library computer rather than their own personal devices. “Yeah, so I just tried this, and it worked for me,” creator Ellyce Fullmore told her followers in an Instagram video posted on May 16, which now has nearly 250,000 likes. She added, “We got a flight for $500 cheaper from booking on the library computer. What in th…
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A federal jury has sided with OpenAI and its top executives in a feud with Elon Musk, who accused them of betraying a shared vision for it to guide artificial intelligence’s development as a nonprofit dedicated to humanity’s benefit. The nine-person jury unanimously found that Musk waited too long to file his lawsuit (Musk v. Altman et al.) and missed the deadline for the statute of limitations. Musk, the world’s richest man, was a co-founder of OpenAI, the company that launched in 2015 and went on to create ChatGPT. After investing $38 million in its first years, Musk accused OpenAI CEO Sam Altman and his top deputy of shifting into a moneymaking mode behind his …
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