Real estate titan Barry Sternlicht says artificial intelligence will force workforce reductions at his companies. The Starwood Capital CEO is simultaneously backing proptech through his investment in Fifth Wall.
The friendly AI assistant you chat with daily could soon become your personal sales agent. With AI companies facing massive infrastructure costs and slim margins, product placement in casual conversations is becoming inevitable.
Step Venture has launched a €30 million fund targeting Italian startups with international growth potential. The fund focuses on Seed-stage investments in FinTech, HealthTech, and connected-world technologies, with significant backing from EU recovery funds and a strategic focus on Southern Italy.
Softbank has sold all 31.2 million Nvidia shares worth $5.8 billion to fund its “all in” bet on OpenAI. This marks the second time the investment firm has cashed out its Nvidia holdings during the chipmaker’s peak periods.
Saudi Arabia’s $50 billion Neom project appears to be collapsing under its own ambition. The Line’s impossible architecture and lack of foreign investment have insiders predicting its demise while workers suffer.
Opendoor Technologies is distributing tradable warrants to shareholders in a strategic move that CEO Kaz Nejatian openly admits is meant to cause pain for short sellers. The real estate iBuyer’s stock jumped 22% on Monday as retail investors cheered the plan. However, market strategists warn that fo
Samsung Health users in the US can now access iFIT workout content through a new partnership. The deal offers one free workout per month across seven categories, with full access requiring a subscription starting at $9.99 monthly. Device purchases unlock additional free trial periods.
A power struggle between Dutch authorities and Chinese owners at chipmaker Nexperia has forced Honda to halt production in Mexico and threatens assembly lines worldwide. The crisis shows how vulnerable auto supply chains remain to geopolitical tensions and simple component shortages.
New AI partnerships between companies like Genesys and ServiceNow are showing impressive results, including 20% cost reductions and 40% fewer call transfers. But the real challenge is addressing agent burnout and attrition rates that can hit 100% annually. Technology alone won’t solve this human pro
Funko Pop just warned investors there’s “substantial doubt” about its ability to continue operating. The company faces $241 million in debt and just posted a $1 million quarterly loss. Their survival plan involves mini-figures and mystery vending machines.
