Years ago, when I started writing about Silicon Valley’s efforts to replace workers with artificial intelligence, most tech executives at least had the decency to lie about it. “We’re not automating workers, we’re augmenting them,” the executives would tell me. “Our A.I. tools won’t destroy jobs. They’ll be helpful assistants that will free workers from…
By Reuters Published May 22, 2025 E-commerce platform Allegro is doubling down on its local offering in a bid to differentiate itself from Asian competitors like Temu, its finance chief said on Thursday. Reuters Allegro, which aside from its home market Poland runs third-party marketplaces in the Czech Republic, Slovakia and Hungary, has in recent…
The Federal Railroad Administration, the nation’s railroad agency, has brought in the Boring Company, the tunneling firm founded by Elon Musk, to help with a multibillion-dollar Amtrak project, according to three people familiar with the discussions. Federal Railroad Administration officials have talked with employees at the Boring Company about assessing the costs and progress of…
Eyewear specialist InSpecs has released its preliminary results for 2024 and while its profit margin rose, revenue, underlying EBITDA and cash flows from operating activities all fell. InSpecs The company, which makes and markets its own brands as well as operating licenses for Barbour, Joseph, Radley, Superdry, Temperley and Viktor&Rolf, among others, said group revenue…
OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, making it one of the most valuable private companies in the world, along with the…
Translated by Nazia BIBI KEENOO Published March 14, 2025 The expansion of fashion and luxury brands into premium real estate continues. Today, Saudi Arabia’s Diriyah Company announced the debut of Giorgio Armani’s design studio in Saudi luxury real estate with the launch of Armani Residences Diriyah, located in the iconic “City of Earth” on the…