As Zoox begins charging passengers in Las Vegas this week, the Amazon-owned company is revealing how it decided it was ready to deploy a robotaxi with no human controls.
Why it matters: With no federal performance standards for autonomous vehicles, AV developers largely determine when their cars are safe enough to operate on their own.
Venture capitalist Josh Kushner and former Disney CEO Bob Iger on Wednesday announced an agreement to buy the NBA's Los Angeles Lakers at a $12.5 billion valuation.
Why it matters: This is a dizzying ownership turnaround for the Lakers, one of pro sports' most iconic franchises.
The state of the global diesel market is getting even more precarious as the Russia-Ukraine war and the Iran crisis squeeze supply from multiple angles.
Why it matters: Diesel prices ripple through economies here and abroad, affecting shipping costs, construction and plenty in between.
Inflation eased in July from a year earlier, with prices inching up slightly from the previous month after falling sharply in June, the Labor Department said Wednesday.
Why it matters: It is the first inflation report since fighting with Iran resumed in early July, though the data suggests inflation had yet to pick back up amid the renewed conflict.
There's an effort underway to create a futures market for AI compute — the processing capacity needed to train and run AI models — akin to how investors buy and sell commodities like oil or grain.
Why it matters: A compute futures market would bring more transparency, new ways to manage volatility and even more investment into what's quickly becoming a critical part of the economy.
Unwell, the media company co-founded by "Call Her Daddy" host Alex Cooper and Matt Kaplan, has secured its first investment at a $500 million pre-money valuation.
Why it matters: The capital supports its ambitions to grow into a broader entertainment company, even amid scrutiny of its leadership.
Robin Vince is CEO of America's oldest bank, BNY, which is also one of Wall Street's earliest AI adopters: It had over 100 "digital employees" in early 2025 before everyone else was using agents.
Why it matters: This is our first installment in a series on how executives use AI tools.
Anthropic's new models will add machine-readable "watermarks" to Claude-generated text and files to comply with new European Union transparency regulations.
Why it matters: Comms teams using Claude to simply clean up, translate, or format human-drafted press releases could stamp those documents with an AI signature.
