Author: IQ TIMES MEDIA

Airbnb’s CEO says “people managers” will soon become a thing of the past. Loading audio narration… Speaking about the impact of AI on the “Invest Like The Best” podcast on Tuesday, CEO Brian Chesky said, “I don’t think people managers will have any value in the future.””People who have lots of recurring one-on-ones are not going to survive,” Chesky added. “That kind of leadership style is not going to work. You need to have context.”Chesky joins a growing chorus of tech execs who say the role of “pure managers” is redundant in the age of AI — employees who solely manage people…

NEW YORK (AP) — Rutgers University has canceled a planned graduation speech by business leader Rami Elghandour after some students raised concerns about his criticism of Israel on social media.Elghandour, the CEO of biotech company Arcellx and an alumnus of the New Jersey university, had been set to give the May 15 convocation address at the Rutgers School of Engineering. That invitation was rescinded after the university learned that “some graduating students would not attend their graduation ceremony due to concerns about the invited speaker’s social media posts,” a Rutgers spokesperson said in a statement. The spokesperson declined to specify…

Coinbase is blowing up the traditional manager role. Loading audio narration… In a Tuesday memo, CEO Brian Armstrong outlined a sweeping overhaul: cutting 14% of its staff, eliminating “pure managers,” and embracing “one person teams.” Going forward, managers will oversee more than 15 direct reports and also direct fleets of AI agents.I fed Armstrong’s memo into ChatGPT and asked it to imagine a day in the life of this new kind of Coinbase manager. The result is a funny, and at times unsettling, glimpse of the future he’s describing.Here’s how ChatGPT responded to my prompt:8:41 a.m. I log in. There…

The famous VC Marc Andreessen once said that software would eat the world. Now, AI is coming for software, and a lot of today’s biggest SaaS companies may not survive the meal. Loading audio narration… Out of the top 20 software companies in 2000, less than half of them survived the cloud era, says Pat Walravens, analyst at Citizens. AI could weed out top SaaS companies in the same way, he says. Walravens predicts that two-thirds of these companies will not emerge from the AI era alive.What AI is doing to software-as-a-service (SaaS), or cloud software, is similar to what…

In April, Andreessen Horowitz — a venture capital firm that is also a media maverick — announced its latest investment: a news company called Monitoring the Situation, or MTS. Billed as “the first timeline-native news network that’s always on,” it promised a 24/7 firehose of “what’s happening RIGHT NOW,” broadcast live to the scrolling masses on X.The announcement came just weeks after OpenAI acquired the popular tech podcast TBPN for a reported nine figures, and a year after Andreessen Horowitz, or a16z, acquired the tech podcast network Turpentine, both apparent efforts to shape the narrative about the tech industry. Silicon…

NEW YORK (AP) — The number of antisemitic incidents in the United States tallied by the Anti-Defamation League declined sharply in 2025 — the first drop in five years — due in part to what the ADL said was a dramatic decrease of incidents on college campuses.The ADL tallied 1,694 antisemitic incidents on U.S. college campuses in 2024, after pro-Palestinian and anti-Zionist student protests proliferated due mostly to the Israel-Hamas war in Gaza. That figure fell by 66% in 2025, to 583, as many colleges and universities — under pressure from President Donald Trump’s administration — took steps to curb…

QuTwo, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It’s a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies. QuTwo’s name is a nod to quantum computing, but it hasn’t gone all-in on quantum. Its core product, QuTwo OS, is an orchestration layer that directs tasks to classical, quantum or hybrid architectures — with the idea that enterprise use cases are often best served by “quantum-inspired” computing, which uses classical…

Marc Lore, the veteran e-commerce entrepreneur who sold his previous startups to Amazon and Walmart, has big plans to infuse AI into his current venture, Wonder. The centerpiece of those plans is Wonder Create, an initiative that would let anyone — from food entrepreneurs to social media influencers — use AI to design and launch their own restaurant brand in under a minute. The virtual restaurant would then go live across Wonder’s growing network of tech-enabled kitchen locations, currently numbering 120 and expected to reach 400 next year. Lore’s startup, a vertically integrated dining and delivery platform, has evolved from…

The man behind Hinge and Tinder said Gen Z doesn’t want dating to feel like “a job interview.” Loading audio narration… In a Tuesday earnings call, an investor asked Match Group CEO Spencer Rascoff about the rise of offline dating activities, such as run clubs and book clubs, and how they affect online dating.The dating apps executive answered that Gen Z “desperately wants to connect” and meet new people.”They just want to do it in a low-pressure, low-stakes way that doesn’t feel like a job interview,” Rascoff said.He added that traditional dating apps are “highly structured and can be intimidating…

South Korea’s blistering stock-market rally has just produced the world’s latest $1 trillion company. Loading audio narration… On Tuesday, Samsung Electronics surged as much as 13%, pushing its market valuation pas $1 trillion as the South Korean chip giant rides the artificial-intelligence boom.Samsung Electronics’ stock has more than doubled this year in a stunning rally that makes it only the second Asian company — after Taiwanese chip titan TSMC — to join the $1 trillion club.The broader South Korean market also rallied sharply, buoyed by gains in Samsung and rival SK Hynix, whose shares jumped 10% on Tuesday. SK Hynix…