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OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation and two crucial regulators, the Delaware and California attorneys general, said they would not oppose the plan. The restructuring paves the way for the ChatGPT maker to more easily profit off its artificial intelligence technology even as it remains technically under the control of a nonprofit. Delaware Attorney General Kathy Jennings and California Attorney General Rob Bonta said in separate statements that they would not object to the proposal, seemingly bringing to an end more than a year of negotiations and announcements about the future …

The latest gambling scandal to rock the NBA is about a real-world event that normal people would never have noticed. In March 2023, the 35-37 New Orleans Pelicans coasted to a 115-89 win over the Charlotte Hornets, who would go on to finish the year with a record of 27-55. The Pelicans never trailed in the game thanks largely to the play of Brandon Ingram, who notched the first triple-double of his career. The ninth paragraph of the recap on ESPN mentions one other factor that may have contributed to the decisive margin of victory: Hornets guard Terry Rozier left the game early, complaining of a sore right foot, and did not return. As alleged by federal prosecuto…

Earlier this year, things looked dire for Google. AI search was rapidly eroding the company’s market share, as people turned to ChatGPT and dedicated generative apps like Perplexity to search for information. In January, reports showed that the company’s search market share had dropped below 90% for the first time in almost a decade. And as the year continued, it seemed like it would keep plummeting. Now new data from search analytics company BrightEdge shows that the bleeding appears to be over. Google’s market share has stabilized, and has even begun to tick up. Why? Google is fighting back against the onslaught of AI search. And it’s winning. S…

Rumor has it that Palantir Technologies is poised for a stock split. An analyst for RBC Capital Markets recently polled investors, who reportedly indicated a desire for the software company to make such a move. “Retail investors are also largely focused on the potential for a stock split, and although this topic decreased quarter over quarter, it remains the most relevant topic,” analyst Rishi Jaluria stated, according to Investor’s Business Daily. He continued: “With Palantir’s $6 billion cash balance, we think retail investors may be starting to become frustrated by the company’s lack of willingness to return capital to shareholders given no apparent intere…

The Federal Reserve is expected to cut its short-term rate Wednesday for the second time this year despite an increasingly cloudy view of the economy it is trying to influence. The government shutdown has cut off the flow of data that the Fed relies on to track employment, inflation, and the broader economy. September’s jobs report, scheduled for release three weeks ago, is still postponed. This month’s hiring figures, to be released Nov. 7, will likely be delayed and may be less comprehensive when they are finally released. And the White House said last week that October’s inflation report may never be issued at all. The data drought raises risks for the Fed because it…

It’s rare for a company to give up more than a decade of brand recognizability for a new name. It’s even rarer for said company to trade their name for the name of a younger, less well-known company. But that’s exactly what Grammarly, the writing and grammar assistant tool with 40 million daily active users, is doing. Starting today, Grammarly is rolling out a massive, all-encompassing rebrand to become “Superhuman.” “Naming a company is like naming a kid,” says Grammarly CEO Shishir Mehrotra. “Renaming your 16-year-old is, like, 10 times harder. Swapping the name of your 16-year-old and your 11-year-old is 100 times harder. That’s probably what we’re doing.” …

Imagine a Yelp-style user-review site that lets users generate and post AI video reviews of local businesses. Say one of these videos presents a business in a bad light, and the business owner sues for defamation. Can the business sue the reviewer and the review site that hosted the video? In the near-to-immediate future, company websites will be infused with AI tools. A home decor brand might use a bot to handle customer service messages. A health provider might use AI to summarize notes from a patient exam. A fintech app might use personalized AI-generated video to onboard new customers. But what happens when someone claims they’ve been defamed or otherwise harmed b…

It’s 2 p.m. on a Monday, and the Starbucks on 23rd Street and Park Avenue in New York City’s Flatiron neighborhood is packed. Not that it would take much. The small shop—roughly 265 square feet of front-of-house space—is big enough for a short line to form before it would bust through the door and out onto the sidewalk. This location is the company’s very first “espresso bar” format store—a new, small-store design that will serve as the cornerstone of Starbucks’s future expansion plans. It’s also a symbol of a Starbucks in flux. Until recently, the store was for mobile orders and pickup-only; then in September, it reopened after a speedy “uplift” (Starbucks s…

The life of a junior associate at a prestigious law firm involves hours of research and analyzing contracts. Three years ago, Winston Weinberg found himself buried in these kinds of tasks as a first-year antitrust and litigation associate at O’Melveny & Myers in Los Angeles. And there Weinberg might have remained, diligently climbing the BigLaw ranks from associate to partner, logging thousands of hours of drudgery along the way. Instead, he’s cofounder and CEO of Harvey, the high-flying legal AI platform that’s raised more than $800 million by promising to handle much of this work. “A lot of the tasks junior [associates] do are going to get automated,” Weinbe…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. The average 30-year fixed mortgage rate sits at 6.19%, down from 6.54% a year ago. While that decline represents some welcome relief for homebuyers, economists at Fannie Mae and the Mortgage Bankers Association (MBA) believe most of the short-term mortgage rate relief is already behind us. Both Fannie Mae and the MBA released 2026 forecasts this month showing not much change from here. Fannie Mae expects the average 30-year fixed mortgage rate will fall to 5.9% by the fourth quarter of 2026—a decline of just 0.3 percentage points from today’s levels.…

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here. Claude feels like a genie to me. With its Artifacts feature I can turn any idea I have into an interactive application, visualization, or graphic. Yesterday I created a Flashcard maker and a breathing app. No coding. Just a short AI chat conversation. No complexity. I dream up an idea, and Claude makes it instantly real. I iterate with chat to make it better. Read on for a guide to making the most of Artifacts with examples and ideas you can build yourself. How to turn ideas into apps (no coding) Create a free Cla…

My first time plopping down on my therapist’s couch, I tried to breeze through the basics. Yes, upbringing, romance, family, social life—all important. But I entered that softly lit space to vent about the place that eats up a third of my waking life. I was there to talk about the office. The physical location wasn’t the issue; the office snacks were elite. The problem was the people: the supervisor with no respect for work-life balance, the snooty coworker firing off slick emails, the boy’s club that would always look out for its own. Being the only Black employee there wore me out in ways I couldn’t always name. And talking it out with a licensed professional who lo…

Some seven million Americans are now on GLP-1 weight loss drugs, a figure expected to rise to 24 million by 2035. These medications curb users’ appetites for fatty, ultra-processed foods, and grocery stores are noticing: total sold units of doughnuts, cakes, and cookies are down by 10%, 19%, and 13%, respectively, compared to five years ago. With this drop in revenue from junk food, grocery stores need to think about how to make more money from other categories. For Whole Foods, there’s one aisle that brims with potential: supplements. Today, Whole Foods is introducing a new line of Japanese-inspired supplements called Apothékary onto its aisles. The brand is known fo…

As Halloween nears, we’re seeing the signs of “spooky season”—ghosts, tombstones, vampires, and such—not only in the usual yard decorations and party trimmings, but in less-expected places, like logos. Branding and symbols featuring skulls have been in the news lately, with antigovernment Gen Z protesters in Nepal, Indonesia, and elsewhere adopting the “One Piece” Straw Hat Pirates skull-and-crossbones emblem. Then there’s the fight between Liquid Death and Death Wish Coffee, who are embroiled in a legal battle over their similar skull-centric trademarks. These skulls, though, are only the latest in a decades-long trend that, according to United States Patent and …

Step outside your front door on any given day, and say goodbye to money without even trying. Just commuting into the office now sets workers back a whopping $55 a day, data suggests. Thanks to the workforce-wide return-to-office push, many workers are back in the office at least a couple of times a week. With it come the coffee runs, desk salads, and after-work drinks that can quickly add up. Videoconferencing company Owl Labs has done the math and broken down the real cost of physically going into work. When in the office, in-person and hybrid workers spend an average of $55 a day, according to the 2025 State of Hybrid Work report: $15 on commuting, $18 on lunc…

Take a moment to think about what the world must have looked like to J.P. Morgan a century ago, before his death in 1913. A shrewd investor in emerging technologies like railroads, automobiles, and electricity, he was also an early adopter, installing one of the first electric generators in his house. Today, we might call him a Techno-Optimist. He could scarcely imagine the dark days ahead: two world wars, the Great Depression, genocides, the rise of fascism and communism, and a decades-long Cold War. Had he lived to see it, he might have asked how, despite so many scientific and technological breakthroughs, things went so wrong. Today, we are at a similar junctur…

Below, Eric Becker shares five key insights from his new book, The Long Game: A Playbook of the World’s Most Enduring Companies. Eric is the founder and chairman at Cresset, an award-winning multi-family office with billions in assets under management. He also co-founded Sterling Partners, a value-added, growth private equity firm. With his long history of starting, backing, and nurturing companies, Eric advises founders, entrepreneurs, private equity partners, and ultra-high worth families. What’s the big idea? Companies that last not one generation, not two, but for a hundred years and beyond share certain things in common. It is no accident when a company en…

Most climate reports are bleak. Temperatures are soaring. Sea levels are rising. Companies are missing—or abandoning—their emissions targets. But a new report from the nonprofit Energy & Climate Intelligence Unit looks at the surprising amount of progress that’s happened since the Paris climate agreement 10 years ago. Renewable energy has grown faster than every major forecast predicted in 2015. There’s now four times as much solar power as the International Energy Agency expected 10 years ago. Last year alone, the world installed 553 gigawatts of solar power—roughly as much as 100 million U.S. homes use—which is 1,500% more than the IEA had projected. Investo…

With one sweeping gesture, Dar Sleeper hoists the humanoid robot off the ground. Bracing its back with one arm and its legs with the other, he gently carries it across the room and lowers it onto a sofa, where it lies in repose as if catching a quick nap. It’s a slightly surreal scene, but it has a serious point. I am visiting the Palo Alto headquarters of 1X Technologies, and Sleeper, the company’s VP of growth, is demonstrating that Neo, its home robot, is a lightweight at a mere 66 pounds. That’s a crucial design feature, given that a weighty domestic bot could prove hazardous if it toppled over in the vicinity of a human, a pet, or just a pricey vase. Soon, Ne…

After Zohran Mamdani’s campaign aired a commercial that used a Knicks-style campaign logo that wrote out “Zohran” over an image of a basketball, the NBA team asked them to take it down. The Mamdani ad, which aired during the New York Knicks’s opening game last week, shows black-and-white footage of a pick-up basketball game in a park as the narrator says “New York, this is our year.” There’s shots of Mamdani campaigning interspersed with the pick-up game, and the narrator says “Things can be different. Hope is back,” before the Knicks-style logo flashes on the screen over the sound of drums. The Knicks, whose owner donated last year to Mayor Eric Adams, weren’…

United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 48,000 job cuts. Shares rose more than 7% in afternoon trading on Tuesday. UPS earned $1.31 billion, or $1.55 per share, for the three months ended Sept. 30. The Atlanta-based company earned $1.99 billion, or $1.80 per share, a year earlier. Removing one-time costs, earnings were $1.74 per share. That easily topped the $1.31 per share that analyst polled by Zacks Investment Research were calling for. Revenue totaled $21.42 billion, surpassing Wall Street’s estimate of $20.84 billion. UPS …