Author: IQ TIMES MEDIA

Critics aren’t convinced by OpenAI’s latest restructuring plan.OpenAI said last week it will hand its nonprofit over $100 billion in stock, or 20% of the company’s latest $500 billion valuation. It’s part of the artificial intelligence giant’s plan to restructure itself — it is technically a nonprofit, not a startup — so it can raise billions more from investors.Dozens of civil society groups, which want to ensure the benefits of AI are spread in the public interest, say they’re pressuring regulators to protect OpenAI’s nonprofit mission. They argue the nonprofit isn’t fully independent from OpenAI and that $100 billion might…

The IPO window has cracked wide open this fall, and investors are piling in.Bankers say their order books are bigger than they’ve been in years as investors clamor for new listings. And those investors are getting their wish — last week marked the busiest period for IPOs since 2021, and ticket reseller StubHub, which had delayed its IPO after the market plunged in April, is set to begin trading on Wednesday.”Our order books are as large as we’ve seen, and we’re seeing participation across all global investor types,” Sumit Mukherjee, head of market intelligence for equity capital markets at JP…

The new Cadillac F1 team on Wednesday announced a multi-year partnership with Jim Beam that makes the American bourbon distiller its official spirits partner. “This partnership brings together two icons of American heritage to create something truly special,” said Dan Towriss, CEO of TWG Motorsports, the ownership group of Cadillac F1. “Formula 1 is a global stage, and we want to take our fans on this journey with us every step of the way. “Our vision goes beyond racing – we’re building a team that lives where sport, technology, and culture collide. With Jim Beam joining our family of partners,…

BARCELONA, Spain (AP) — Lamine Yamal will not play in Barcelona’s Champions League opener at Newcastle on Thursday because of an injury.The Catalan club said Wednesday that Yamal was not in its squad for the trip to England in the league phase of the Champions League. The star forward had already missed the Spanish league game against Valencia on Sunday.Yamal was nursing “discomfort in the pubic area” after playing with Spain’s national team during the international break.Barcelona coach Hansi Flick had said he was upset with Spain for having played Yamal for what he considered unnecessary minutes during big wins…

WASHINGTON (AP) — The last time she saw her husband, the father of her three children, was when he left their Washington apartment a month ago to buy milk and diapers. Before long he called to say he had been pulled over — but not to worry, because it was just local police. The next time she heard from him, he was at a detention center in Virginia. Since that day, the 40-year-old mother of three has been too afraid to take her two sons to their nearby charter school. Like her husband, who has since been deported, she is…

A startup founded by former Google DeepMind scientists to improve code with AI has raised $5 million.Hiverge, based in Cambridge, UK, has developed an AI technology to automate algorithm design for companies, with the aim of surpassing what human engineers can do alone.The startup was founded by Alhussein Fawzi and Bernardino Romera-Paredes, who worked on Google’s coding agent, AlphaEvolve, during its early stages, along with Hamza Fawzi, a University of Cambridge professor.”What really differentiates companies is the algorithms they use under the hood,” Alhussein Fawzi, the CEO of Hiverge, told Business Insider. “And so what we are doing at Hiverge…

SHENZHEN, China (AP) — American tennis star Taylor Townsend has apologized “from the bottom of my heart” for making disparaging comments about Chinese food.Her original comments on social media — followed by her apology — came before the United States plays Kazakhstan at the Billie Jean King Cup Finals in Shenzhen, China.The 29-year-old Townsend, who is ranked world No. 1 in doubles, posted videos of local dishes including bullfrogs and turtles and joked she would need to “talk to HR” about the quality of the food.She took to Instagram again Wednesday to apologize after facing a backlash online.“I just wanted…

Each year after the second week of the NFL season, the long odds that teams face to make the playoffs after losing their first two games get bandied about.The odds have hovered at just under 12% ever since the NFL expanded the season to 16 games and added a second wild-card team in 1978, with little fluctuation when additional playoff teams were added in 1990 and 2020.None of those other teams have come off three straight Super Bowl appearances like Patrick Mahomes and the Kansas City Chiefs.The oddsmakers at BetMGM Sportsbook have Kansas City as a favorite to make the…

New club, new country, new culture, new position. Kevin De Bruyne seems to have adapted to it all at Napoli, but the 34-year-old midfielder is heading back to his old life this week.Napoli’s Champions League opener on Thursday sees De Bruyne return to Manchester City, just a few months after his tearful goodbye following 10 trophy-laden years at the club where “King Kev” became a firm fan favorite and one of its greatest ever players.After nine years working under Pep Guardiola, De Bruyne has slotted seamlessly into Antonio Conte’s team and has already scored two goals in three matches to…

Aaron Levie, the cofounder and CEO of cloud-storage giant Box, said founders need to build strong teams and ride disruptive trends to launch successful startups.Levie was speaking to participants at startup incubator Y Combinator’s AI Startup School, which ran from June 16 to 17, when he was asked for advice on building a startup. Levie’s remarks were published on Y Combinator’s YouTube channel on Tuesday.The 40-year-old said there were three things startup founders should do to be more effective.First, Levie recommended that founders read three books: “The Innovator’s Dilemma” by Clayton Christensen, “Crossing the Chasm” by Geoffrey Moore, and “Blue…