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News
Michael Dell's DFO Management nears take-private deal for Baldwin Insurance Group, FT reports - AOL
10+ hour, 56+ min ago (156+ words) Sept 13 (Reuters) - Dell CEO Michael Dell's DFO Management is nearing a take-private deal for insurance brokerage firm The Baldwin Insurance Group, the Financial Times reported on Sunday. DFO Management is in advanced talks with Baldwin over a deal which is…...
Airbnb’s CEO Says AI Is the Best Thing That Ever Happened to His Company. Here’s Why - AOL
14+ hour, 40+ min ago (944+ words) Airbnb's AI cut customer support costs 16%, resolved 45% of tickets without agents, and expanded adjusted EBITDA margins to 35%. Airbnb outpaced Booking's 8% and Expedia's 14% revenue growth, but both rivals are deploying identical AI tools, threatening Airbnb's lead. Airbnb (NASDAQ:ABNB) CEO Brian…...
Mike Johnson Argues AI Leaders Need To ‘Take Personal Responsibility’ - AOL
14+ hour, 11+ min ago (467+ words) House Speaker Mike Johnson addressed the growing number of AI leaders who are calling for a global slow down in the development of artificial intelligence models amid the uncertain growth of technology. During CNN’s “State of the Union” on Sunday,…...
Jeff Bezos Built Amazon Into a $1.8 Trillion Company. Here's How Andy Jassy Is Making It Worth Even More. - AOL
13+ hour, 52+ min ago (379+ words) Amazon founder Jeff Bezos oversaw the company through a period of tremendous growth that rewarded shareholders. Andy Jassy's background should continue to serve the company well. Jeff Bezos founded Amazon (NASDAQ: AMZN) in 1994 and served as its CEO until July…...
Speaker Johnson says AI leaders must meet with Congress on safety laws after ‘end of humanity’ warnings — but resists calls for moratorium - AOL
19+ hour, 57+ min ago (163+ words) House Speaker Mike Johnson is calling for top artificial intelligence leaders to sit down with Congress and the White House and agree on safety legislation — but said the US cannot cede ground to China. The government needs to move quickly…...
Anthropic selects Nasdaq for IPO, Business Insider reports - AOL
17+ hour, 57+ min ago (146+ words) Anthropic selects Nasdaq for IPO, Business Insider reports AOL.com Sept 13 (Reuters) - U.S. tech startup Anthropic has selected Nasdaq for its potential initial public offering, Business Insider reported on Sunday, citing a person familiar with the company's plans. (Reporting by Ananya…...
Speaker Johnson Rejects Fast-Track AI Vote, Plans Tech Boss Showdown - AOL
20+ hour, 17+ min ago (305+ words) House Speaker Mike Johnson said Congress will not rush into artificial intelligence regulations ahead of the upcoming elections, arguing that poorly designed legislation could hurt national security and give China a competitive edge. Appearing on NBC’s Meet the Press, the…...
Donald Trump dismisses concerns AI could wipe out the human race: 'Whoever wins AI wins' - AOL
18+ hour, 19+ min ago (364+ words) President Donald Trump dismissed warnings by artificial intelligence experts, including CEOs of OpenAI and Claude, on Sunday, downplaying the need for more regulation. "We're leading China in AI. We're the most sophisticated country in the world, and frankly, I want…...
The Tesla Network Is Dead: JPMorgan’s Bombshell Note Reveals Nearly All Robotaxi Billions Flow to TSLA, Not You - AOL
18+ hour, 39+ min ago (284+ words) JPMorgan projects $320B in Tesla robotaxi revenue by 2035, with $314B flowing to Tesla's own fleet rather than individual TSLA vehicle owners. TSLA carries a 152 forward P/E while Q2 operating margin compressed to 1.4% and free cash flow turned negative at -$1.09B. Robotaxi Revenue Model…...
Anthropic Locks Down $517 Billion in Compute Ahead of IPO — and It’s Still Not Enough - AOL
18+ hour, 44+ min ago (323+ words) Anthropic's $517B compute commitment sits almost entirely behind NVDA, which posted $96B in Q2 revenue representing a 106% year-over-year increase and guided Q3 to $108B. AMZN and GOOGL committed over $300B for roughly 11 GW of capacity, while MSFT separately pledged $30B in Azure compute, all heavily NVIDIA-powered. Free…...