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Business

Latest Business news from around the world

The University of Michigan invested $20 million into OpenAI early. Now it could make $2 billion.
Business

The University of Michigan invested $20 million into OpenAI early. Now it could make $2 billion.

The University of Michigan's early stake in OpenAI, before Microsoft's massive investment, could yield $2 billion.

Stephen Council · 08 May, 2026
Kevin O'Leary defends his Utah data center project: 'Think about the number of jobs'
Business

Kevin O'Leary defends his Utah data center project: 'Think about the number of jobs'

Kevin O'Leary has clashed with residents in Box Elder County, Utah over a new AI data center on a 40,000-acre campus.

Lauren Edmonds · 08 May, 2026
Claude, brought to you by Elon Musk
Business

Claude, brought to you by Elon Musk

Anthropic now relies on a huge SpaceX data center for AI compute, tying Claude's rapid growth and reliability to Elon Musk.

Alistair Barr · 08 May, 2026
Here's the best street style we spotted at the New York City Ballet's Spring Gala 2026
Business

Here's the best street style we spotted at the New York City Ballet's Spring Gala 2026

The New York City Ballet hosted its annual Spring Gala at Lincoln Center. Art lovers, philanthropist's, and celebrities were all in attendance.

Joi-Marie McKenzie · 08 May, 2026
These hedge funds killed it in April — and a key Liberation Day lesson helped them
Business

These hedge funds killed it in April — and a key Liberation Day lesson helped them

Hedge funds thrived in April. Here's who had double-digit returns, and how lessons from last year's Liberation Day chaos paid off.

Bradley Saacks,Alex Morrell · 08 May, 2026
The $42 billion auto giant you've never heard of is building AI into its factories
Business

The $42 billion auto giant you've never heard of is building AI into its factories

Magna builds parts for some of the world's biggest automakers, like BYD, Ford, and Toyota. It has a five-pronged AI strategy for its plants.

Ben Shimkus · 08 May, 2026
A company tested Claude Mythos Preview. It says the AI found hundreds of bugs, including 1 that had existed for 20 years
Business

A company tested Claude Mythos Preview. It says the AI found hundreds of bugs, including 1 that had existed for 20 years

Mozilla says Anthropic's unreleased Claude Mythos AI found security flaws that automated testing systems missed for years.

Ben Shimkus · 08 May, 2026
Chili's CEO says the chain's comeback comes down to 2 simple principles
Business

Chili's CEO says the chain's comeback comes down to 2 simple principles

Chili's is defying a casual-dining slowdown with growth driven by viral menu hits, a focus on value, and a back-to-basics strategy.

Erin McDowell · 08 May, 2026
I've lived in Spain for 7 years now. My daily schedule and social life are so different from what they were in the US.
Business

I've lived in Spain for 7 years now. My daily schedule and social life are so different from what they were in the US.

As an American, the biggest life differences I've noticed after moving to and living in Spain for years focus on vacation, socializing, and meals.

Kiersten Brown · 08 May, 2026
This AI-pilled CEO's memo cutting over 21% of the company is a prime example of the new layoffs playbook
Business

This AI-pilled CEO's memo cutting over 21% of the company is a prime example of the new layoffs playbook

DeepL laid off 250 employees. CEO Jarek Kutylowski's memo referenced AI, smaller teams, fewer layers, and founder mode.

Henry Chandonnet · 08 May, 2026
I raised my daughter in Berlin, Madrid, and Dublin. Each country taught me how to parent an independent teen.
Business

I raised my daughter in Berlin, Madrid, and Dublin. Each country taught me how to parent an independent teen.

I loved raising my daughter around Europe. In Berlin, independence starts at an early age. In Madrid, my daughter learned how to be by herself.

Siobhan Colgan · 08 May, 2026
Why Rupert Murdoch is asking Donald Trump for help fighting the NFL
Business

Why Rupert Murdoch is asking Donald Trump for help fighting the NFL

Rupert Murdoch's Fox depends on the NFL for ratings. And he's worried that streaming deals will give the NFL even more leverage.

Peter Kafka · 08 May, 2026