The Daily Upside

Older, Wealthy Americans Are Delaying Rate Cuts With Their Big Spending

Photo by Matt Bennett via Unsplash

Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.

Loading…
OpenAI Inks Licensing Deal with the Financial Times to Train Chatbots

Photo by Financial Times via CC BY 2.0

On Monday, the Financial Times said it struck a deal with OpenAI to allow the generative AI darling to license the FT’s content.

Loading…
Blade to Launch Hamptons-Bound Luxury Bus Line

Photo by Sue Elias via CC BY 2.0

Tickets start at $195, with passengers treated to free Sweetgreen salads and espresso martinis.

Loading…
General Catalyst Closes $6 Billion Fund

Photo by Hardik Pandya via Unsplash

It’s a possible sign that the VC industry’s newest chapter is a story of the haves and have-nots.

Loading…

Chinese Regulators See Regional Banks Headed for SVB-Style Chaos

Image Credit: Getty Images, awdebenharn.

Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.

Loading…
America’s Shortening Attention Spans are Corporate Gold

Photo illustration by Connor Lin / The Daily Upside, Photo by Tohamina via Freepik

The stakes for media and tech companies have never been higher, even if attention spans have never been shorter.

Loading…
A Mercedes With Autonomous Driving Just Hit the US Market

Photo by Manuel Pappacena via Unsplash

Cars with Drive Pilot are only available for sale in California and Nevada, and even there it only works on certain freeways.

Loading…
Struggling Diamond Giant De Beers Is Reportedly for Sale

Photo by Bas van den Eijkhof via Unsplash

The potential sale is playing out against a larger deal as Australian rival BHP has offered to buy parent Anglo American for $39 billion.

Loading…

FCC Votes to Restore Net Neutrality

Photo by Internet Education Foundation via CC BY-SA 2.0

When the rules are in place, internet service providers must allow equal access to all websites and domains.

Loading…
DeepMind Patent Adds to Robotic AI Ambitions

Photo via U.S. Patent and Trademark Office

A patent from DeepMind may aim to help AI-powered robots improve their reflexes

Loading…
Gucci’s China Problem Is Testing Investors’ Patience

Photo by Do Nhu via Unsplash

The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.

Loading…
UK’s Octopus Energy Invests in US Offshore Wind Startup

Photo by Mmatsuura via CC0 1.0

Loading…

Business Groups Sue FTC Over New Noncompete Regulations

Photo by Ian Hutchinson via Unsplash

The FTC estimates its ban will help create 8,500 new businesses and increase average annual worker wages by $524.

Loading…
Nvidia Patent Details Adaptable Conversational AI Models

Photo via U.S. Patent and Trademark Office

However, these kinds of modifications come at the expense of high-level customization and accuracy.

Loading…
Humane’s Latest Patent Makes the AI Pin Ambidextrous

Photo via U.S. Patent and Trademark Office

Despite Humane’s lofty dreams to disrupt the smartphone status quo, critics have not been thrilled with the startup’s debut device.

Loading…
Apple’s iPhone Is Getting Crowded Out of the Chinese Market

Photo by Melvin Loi via CC BY-SA 2.0

iPhone sales in the country fell nearly 20% in the first quarter, with many consumers flocking to local rivals.

Loading…
The Small Business Bankruptcy Surge is a Race Against the Clock

Photo by Melinda Gimpel via Unsplash

A special $7.5 million debt threshold for filing is due to expire in June, when it will revert to the previous $2.7 million limit.

Loading…
GM Drives to a Big Q1 Profit

Photo by Truck Hardware via CC BY 2.0

GM said it grew market share across several pickup and SUV models, despite pricing incentives that were “well below” the industry average.

Loading…
NYSE Polls Market Players About Moving to Around-the-Clock Trading

Photo by Meutia Chaerani via CC BY-SA 3.0

The NYSE is asking participants how investors should be protected during periods of volatility, how overnight staffing should work.

Loading…
Moderna Is Fighting Pfizer, BioNTech over mRNA Patent

Photo by U.S. Air Force Senior Airman Eugene Oliver via Public Domain Mark 1.0

Moderna says it was willing to licence the tech but now wants to be repaid by rivals for vaccine revenue generated since then.

Loading…

Advisor Upside

Financial advisor news, market insights, and practice management essentials.

Walmart Patent Signals AI Transformation for Bricks-and-Mortar Retail

Photo via U.S. Patent and Trademark Office

Loading…
Why AI Augmentation Tech Is More Than a ‘Cost-Cutting Tool’

Photo via Rawpixel

Loading…
Why Access Controls May Be AI’s Biggest Security Vulnerability

Photo via Pavlo Gonchar

Loading…