At the start of the year, Chinese A.I. startup DeepSeek jolted Silicon Valley with a powerful open-source model that rivaled Western systems at a fraction of the cost. Out of that shockwave came Reflection AI, a New York-based startup founded by top A.I. researchers that has just raised $2 billion to build similarly accessible technology….
Yesterday (Oct. 8) in Maranello, Italy, luxury automaker Ferrari lifted the hood on its first all-electric vehicle, the Elettrica, after five years in development—while simultaneously halving its electric ambitions. The new car marks Ferrari’s long-awaited entry into the EV market, but also underscores the company’s reluctance to fully embrace an electric future at a time…
OpenAI’s newest video generator, Sora 2, is rapidly reshaping the social media landscape. Released on Sept. 30, the text-to-video model lets users create short, vertical clips of virtually anything and then share, remix and interact with other users’ videos in a way that feels closer to TikTok than to traditional A.I. tools. Sora has quickly…
Stablecoins processed over $27 trillion in payments during 2024, prompting regulators worldwide to rush to create clear rules. In the span of just 12 months, the U.S. passed the GENIUS Act, the E.U. implemented MiCA and Hong Kong launched its own licensing regime. Regulatory uncertainty around payments has collapsed from 85 percent to 25 percent…
For decades, restaurants were built on a single transaction: the table. Guests dined, paid and left. Loyalty was anecdotal—a bartender remembering a favorite drink or a maître d’ recognizing a face. The pandemic shattered that simplicity. To survive, operators spun up delivery, subscriptions, events and merchandise. Now the industry is scrambling to be “guest-focused” in…
A few years ago, the concept of a widely successful prediction market seemed little more than a pipe dream, one littered by past failures and mostly confined to academic circles. Flash forward to 2025, and the ruse of Polymarket—the world’s largest prediction market—has made its 27-year-old founder and CEO, Shayne Coplan, the youngest self-made billionaire,…
If you’ve taken a New York City subway recently, you’ve likely seen an advertisement for Friend, a San Francisco-based startup selling A.I. companionship in the form of a $129 wearable pendant. The campaign has sparked mixed reactions, to say the least. Many of the minimalistic posters, which liken the A.I. device to a friend or…
Robert Opp, featured on this year’s A.I. Power Index, is one of the clearest voices urging the world to slow down—not in innovation, but in assumption. As chief digital officer of the United Nations Development Programme, Opp is guiding A.I. and data strategy across more than 170 countries. That global perspective has made him deeply…
In boardrooms, creativity is often conflated with charisma—a founder’s flash of insight, a strategist’s “feel” for the market. The rise of creative A.I. complicates that mythology. Systems that once mimicked patterns are beginning to originate them, not by feeling their way through ambiguity, but by searching vast spaces of possibilities with tireless composure. The question…
Nvidia may be dominating the graphics processing unit (GPU) market right now, but its closest rival, AMD, is catching up. Today, (Oct. 6), AMD announced a landmark collaboration with OpenAI that mirrors a recent deal between OpenAI and Nvidia. Under the agreement, AMD will deploy six gigawatts of computing power to OpenAI, which will in…
