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Recently, Figma CEO Dylan Field assembled employees from throughout the company for a demo of a new-ish tool for generating, refining, and editing synthetic images and videos. Rather than being built around one-off prompts, it allowed users to create visual workflows for comparing and manipulating options created by different AI models. It also facilitated putting imagery through multiple rounds of polishing and remixing, adding a large dose of human taste and quality control to the process. According to Field, they were “mesmerized” by what they saw. “We had it scheduled for 20 minutes,” he remembers. “And 20 minutes came, and everyone’s like, ‘No, no, please keep go…

House flippers are about to get an AI assist on their next renovation project. Kai is an AI-powered tool that can visually identify what’s needed to fix up a house and put it on the market. The system converts photos and videos of house projects into SKU-level material specifications and cost estimates, making it fast and easy for an institutional home renovator to create an actionable renovation plan and order all the materials needed to get the job done. Kai has just launched a partnership with home improvement retailer Home Depot to link its building material and product selection tools directly with Home Depot’s 3.5 million item inventory list. Home renovators…

President Donald The President’s meeting Thursday with China’s top leader Xi Jinping produced a raft of decisions to help dial back trade tensions, but no agreement on TikTok’s ownership. “China will work with the U.S. to properly resolve issues related to TikTok,” China’s Commerce Ministry said after the meeting. It gave no details on any progress toward ending uncertainty about the fate of the popular video-sharing platform in the U.S. The The President administration had been signaling that it may have finally reached a deal with Beijing to keep TikTok running in the U.S. Treasury Secretary Scott Bessent had said on CBS’s “Face the Nation” on Sunday that the two le…

Stablecoins might not send your digital wallet to the moon, but the less speculative side of cryptocurrency is definitely enjoying its moment in the sun. According to a new report from Fortune, credit card stalwart Mastercard wants to make a massive bet on infrastructure that links digital currencies to the normal financial world. Mastercard is in advanced talks to buy the stablecoin startup Zerohash for between $1.5 and $2 billion, Fortune reports. Zerohash, founded in 2017, provides banking companies a toolkit for providing their own cryptocurrency and stablecoin products. If the deal goes through, it would represent a major investment in cryptocurrency infrast…

Mark Walter is the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase of a controlling stake from the Buss family. The Lakers and the league confirmed the next step Thursday in a transaction that is expected to close shortly. The sale of the NBA’s most valuable franchise was initially announced in June. Jeanie Buss will remain the Lakers’ governor under the deal for at least the next five years, and she will oversee day-to-day operations “for the foreseeable future,” the team said. Her father, Jerry Buss, bought the Lakers in 1979. But the Lakers are now primarily owned by Walter, the billionaire whose TWG Global in…

U.S. lawmakers have tried four times since September last year to close what they called a glaring loophole: China is getting around export bans on the sale of powerful American AI chips by renting them through U.S. cloud services instead. But the proposals prompted a flurry of activity from more than 100 lobbyists from tech companies and their trade associations trying to weigh in, according to disclosure reports. The result: All four times, the proposal failed, including just last month. Following a long-heralded meeting between leaders Donald The President and Xi Jinping, the sale of U.S. technology to China remains among the thorniest issues the U.S. faces…

Bill Gates has invested billions over the last two decades to help fight climate change. But in a new blog post, he argues that world is too focused on cutting short-term emissions. “The doomsday outlook is causing much of the climate community to focus too much on near-term emissions goals,” he writes, calling for a “strategic pivot” to focus on “improving lives” by focusing development dollars more on agriculture and disease and poverty eradication. The logic is flawed, and built on a series of false trade-offs that ignore how interconnected climate and development goals are. Gates criticizes the “doomsday” view that climate change will “decimate civilization” i…

Every technological revolution has its awkward adolescence. We’re living through AI’s right now. Recent research from Stanford and BetterUp has given this moment a name: “workslop.” It’s the flood of hastily AI-generated content that clogs inboxes, clutters presentations, and quietly erodes productivity. The email that reads like it was written by a committee of robots. The strategy document with oddly formal phrasing and zero original insight. The presentation deck that says nothing new. If this sounds familiar, you’re not imagining it. And if you’re a manager watching your team’s output simultaneously increase in volume and decrease in quality, you’re not alone. …

Apple delivered financial results during its summertime quarter that exceeded analyst projections, despite being caught in the crosshairs of a global trade war at the same time the trendsetting company is scrambling to catch up to its Big Tech peers in the artificial intelligence race. The performance announced Thursday was driven largely by strong initial demand for its iPhone 17 lineup that went on sale last month. Although the iPhone 17 lacks the AI wizardry featured in rival devices recently introduced by Samsung and Google, Apple spruced up its latest models with a redesign highlighted by a sleek “liquid glass” appearance on the display screens. Apple also largely…

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging. The results, announced Thursday, beat Wall Street expectations. The company’s prominent cloud computing arm also surpassed analysts’ expectations, rising 20%. But Amazon issued a cautious sales outlook for the fiscal fourth quarter. Shares, however, soared nearly 13% in after-hours trading. Analysts are analyzing Amazon’s results, along with other retailers’ earnings performances, to get insight into how shoppers are spending h…

Nick Foster is not a fan of how Silicon Valley imagines the future. As a designer and writer who has spent his career at places like Google, Nokia, and Sony, he’s had a front-row seat to the tech world’s relentless obsession with turning science fiction into science fact. The problem, he argues, is that the source material was never meant to be a manual for reality. “The primary function of science fiction is to explore ideas and to entertain. It shouldn’t be considered a brief,” Foster tells me. He worries when he hears people in meetings say, “We should make the thing from Minority Report.” To him, it’s a lazy shortcut—an idea taken from a cinematic universe built f…

Why are some jobs better than others? Well, it largely depends on people’s preferences. In other words, one person’s dream job may be another person’s nightmare. And yet, there are also clearly some universal or at least generalizable parameters that make most people accept the idea that some jobs are objectively better than others — or at least seen by most as generally preferable. Pay and purpose For example, jobs that pay well, offer stability, and provide opportunities for growth are almost universally considered better. A tenured professorship, a senior engineering role at a reputable company, or a stable medical position all combine financial security…

President Donald The President’s administration faces deadlines on Monday to tell two federal judges whether it will comply with court orders that it continue to fund SNAP, the nation’s biggest food aid program, using contingency funds during the government shutdown. The U.S. Department of Agriculture planned to freeze payments to the Supplemental Nutrition Assistance Program starting Nov. 1 because it said it could no longer keep funding it due to the shutdown. The program serves about 1 in 8 Americans and is a major piece of the nation’s social safety net — and it costs about $8 billion per month nationally. The situation leaves millions with uncertainty about how the…

Over the years, I have conditioned myself to only be able to focus in 25-minute increments, a timer counting down in my peripheral. The five-minute break following? It’s like a reward. It is now accepted wisdom that taking regular breaks during the workday makes one more productive. How long those breaks should be, however, depends on which productivity method you are subscribed to. Recently, a University of Cambridge mental health researcher has suggested that longer breaks could, in fact, be more effective at tackling those afternoon slumps. “The most productive people work for about 52 minutes at a time and then take 17-minute breaks,” Olivia Remes shared on …

Costco is famously adored by its fans, and its leadership wants the discount big-box chain to remain beloved. Costco co-founder and former CEO James Sinegal so fervently believes in keeping customers happy that he’s driven to profanity to express the strength of his feelings. “You can’t say ‘People are our most important product,’ and hang signs all over the place that say ‘People are our most important product,’ and then treat them like shit…. Your customers or your suppliers are going to see that you don’t really mean it,” he recently told an interviewer. Which is why a recent policy change by the retailer is so fascinating. Starting this month, Costco b…

More buildings are being converted into apartments in the U.S. than ever before, and it’s not just old offices that are finding new use. After the COVID-19 pandemic disrupted relocation patterns and work arrangements nationwide, suddenly vacant city office space seemed like prime real estate for housing. But it’s actually hotels more than any other building type that are driving the spike in conversions now: Hotels made up 37% of all apartment conversions in 2024, followed by offices at 24%, industrial at 19%, schools at 8%, and other at 12%. New sourcing to meet newfound growth This shift in sourcing comes at a time when a record number of converted apartments…

Denny’s said Monday that it’s being acquired by a group of investors in a deal that will take the breakfast chain private. Denny’s board unanimously approved the deal, which values Denny’s at $620 million including debt. Denny’s will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm Treville Capital and Yadav Enterprises, which is one of Denny’s largest franchisees. Under the agreement, Denny’s shareholders will receive $6.25 per share in cash for each share of Denny’s common stock they own, or a total of $322 million. That represents a 52% premium to Denny’s closing stock price Monday. Denny’s shares jumped 47% in after-hour…

Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, including a global footprint and strong growth in many markets. Pizza Hut has nearly 20,000 stores in more than 100 countries, and its international sales were up 2% in the first nine months of this year. China is its second-largest market outside the U.S. But Pizza Hut gets nearly half its sales from the U.S., where it has around 6,500 stores, and U.S. sales fell 7% in the same period. Pizza Hut was lo…

Democrats dominated the first major Election Day since President Donald The President returned to the White House. And while a debate about the future of the Democratic Party may have only just begun, there are signs that the economy — specifically, The President’s inability to deliver the economic turnaround he promised last fall — may be a real problem for The President’s GOP heading into next year’s higher-stakes midterm elections. “Happy Anniversary! On this day, November 5th, one year ago, we had one of the Greatest Presidential Victories in History — Such an Honor to represent our Country. Our Economy is BOOMING, and Costs are coming way down. Affordability …

During an annual condominium meeting, at the end, the leader asked if anyone had any suggestions or questions. I spoke up: “How about we convert a portion of our common storage into a small gym?” My idea was met with uncomfortable silence, and eventually the leader responded hesitantly: “I honestly don’t know how to address that,” before promptly closing the meeting. In that moment, I began doubting myself, wondering, Was my idea really that bad? Was it stupid? Years later, small gyms in condominiums became a popular trend, adding real value to properties. My idea wasn’t rejected because it lacked merit. It was dismissed because the environment wasn’t open to new …

If the three years since the release of ChatGPT have signaled OpenAI’s dominance of generative artificial intelligence, it’s worth recalling that the company’s rapid rise would have been impossible without another Big Tech backer. In 2019, Microsoft agreed to supply OpenAI all the compute it needed, with near exclusivity. In exchange, Microsoft retained the right to use OpenAI’s tech until the arrival of artificial general intelligence, or AGI: the point at which AI systems are able to act like humans and respond to whatever task they’re given, regardless of whether they’ve been trained to solve it. As generative AI’s capabilities blew past initial expectations, t…

New York City has elected a democratic socialist as its next mayor. Across the internet, progressive internet users are hopescrolling for the first time in years and proudly declaring: “woke is back.” With his victory, Mayor-elect Zohran Mamdani will become the city’s first Muslim mayor, the first of South Asian heritage, the first born in Africa, and the youngest in more than a century. During his victory speech, Mamdani reaffirmed his support for workers’ rights, immigrants’ rights, and the rights of all vulnerable New Yorkers, including LGBTQ people. “BREAKING: WOKE IS BACK!,” one X user posted. “THERE ARE 25 GENDERS. WE’RE GOING TO TRANS THE ECONOMY. DEI F…

The term brand entertainment is tough to define. For many people, it’s an oxymoron and these two words should never be in the same room as one another. For many others, though, it’s simply when brands make stuff we actually want to pay attention to. It could be a short ad, or a feature-length film, or a live event. What it isn’t is an annoying waste of time interrupting our attention from actual entertainment like TV, sports, music and movies. I’ve spent a lot of time on the Brand New World podcast looking at different ways different brands are doing this right. From WhatsApp creating a Netflix doc about the Mercedes F1 team, to Dick’s Sporting Goods formally es…

The average rate on a 30-year U.S. mortgage ticked up for the first time in five weeks after falling to its lowest level in more than a year last week. The average long-term mortgage rate moved up to 6.22% from 6.17% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.79%. Last week’s average rate was the lowest since Oct. 3, 2024, when it was 6.12%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week. The average rate rose to 5.5% from 5.41% last week. A year ago, it was 6%, Freddie Mac said. Mortgage rates are influenced by several factors, from the Fe…

The erosion of freedom rarely happens overnight; it’s written into law, one ruling at a time. ACLU’s Chase Strangio lays bare how the U.S. legal system is failing its people under a growing wave of authoritarianism and systemic rollbacks of civil liberties. View the full article