Author: IQ TIMES MEDIA

Charlie Javice is going to prison for the better part of a decade.On Monday, a Manhattan federal judge sentenced Javice to seven years in prison for using wildly exaggerated data to fool JPMorgan Chase into paying $175 million for her startup — far more than the 18 months her lawyers asked for.Javice’s prison sentence will be followed by 3 years of supervised release, resulting in a total 10-year sentence. The judge ordered her to report to prison 60 days after she exhausts her appeals to higher courts.The former fintech wunderkind — who once graced Forbes’ 30 Under 30 list and…

ChatGPT users in the U.S. can now make Etsy and Shopify purchases within conversations, marking a next step toward the future of online shopping — both for consumers and the platforms that control product discovery, recommendation, and payments. In other words, OpenAI might be on the path to reshaping who holds power in e-commerce.  OpenAI’s new “Instant Checkout” feature is available to ChatGPT Pro, Plus, and Free logged-in users buying from U.S.-based Etsy sellers, with more than 1 million Shopify merchants like Glossier, Skims, Spanx, and Vuori “coming soon,” per OpenAI.   Instant Checkout builds on previous shopping features on ChatGPT that surfaced relevant products, images, reviews, prices, and direct links to merchants in response to shopping questions like “what…

Democratic senators introduced a bill Monday that would rewrite a 1961 law prohibiting college sports conferences from banding together to sell their media rights. It’s a move they say is designed to protect athletes, Olympics sports and smaller leagues that could be getting priced out of the increasingly expensive business of name, image and likeness deals.Sen. Maria Cantwell, D-Wash., joined with Sens. Richard Blumenthal, D-Conn., and Cory Booker, D-N.J., in backing the Student Athlete Fairness and Enforcement (SAFE) Act, a bill that gives lawmakers an alternative to a bill on the House side that has yet to come up for…

It’s no secret that vibe coding — using AI-powered coding tools to build apps and websites via natural language prompts — is exploding in popularity. In July, Swedish vibe-coding startup Lovable hit $100 million in annual recurring revenue (ARR) just eight months after launch. It plans to close the year at $250 million ARR and thinks it will hit $1 billion ARR within the next 12 months. Meanwhile, Replit said earlier this month that its ARR soared from $2.8 million to $150 million in less than a year. These companies’ remarkable growth has fueled a wave of competitors, many of which are also quickly…

Land, energy, capital, and experience.Access to those four things are what gives Prologis, one of America’s largest warehouse owners, an edge in the data center space, said Susan Uthayakumar, the company’s chief energy and sustainability officer, on Tuesday at Business Insider’s “The Resiliency Playbook” event.”When you have the capital, when you have the land, when you know how to build things, it makes sense for us to be doing what we’re doing,” Uthayakumar said of the company’s growing data center business.Prologis, which has a portfolio of 1.3 billion square feet across more than 5,500 buildings globally, made its name with…

INGLEWOOD, Calif. (AP) — Kawhi Leonard said Monday he didn’t receive all of the money he was owed from a California company he had an endorsement deal with in a business relationship that is under investigation by the NBA, but he insisted there was no wrongdoing.The Los Angeles Clippers superstar spoke for the first time publicly on the matter at the team’s media day after a report earlier this month by journalist Pablo Torre alleged the team violated the NBA’s salary cap rules involving a $28 million endorsement contract between Leonard and the now-bankrupt California-based sustainability services company called Aspiration…

Amazon Web Services wants its AI applications to gain more traction organically, without leaning heavily on sales teams.Rivals such as Cursor and Windsurf have seen better grassroots adoption than AWS’s coding assistant Q Developer, while larger enterprise customers tend to favor Microsoft’s GitHub Copilot, according to an internal Amazon document obtained by Business Insider.Q Developer did manage to see “occasional successes” selling directly to senior executives, but such wins required intensive sales involvement, the document explained.To close the gap, AWS recently launched Kiro, an AI coding assistant designed to attract more self-serve developers.”Until recently, AWS did not have a compelling…

On Monday, Anthropic launched a new frontier model called Claude Sonnet 4.5, which it claims to offer state-of-the-art performance on coding benchmarks. The company says Claude Sonnet 4.5 is capable of building “production-ready” applications, rather than just prototypes, representing a leap in reliability from previous AI models. Claude Sonnet 4.5 will be available via the Claude API and in the Claude chatbot. The pricing for developers is the same as Claude Sonnet 4: $3 per million input tokens (roughly 750,000 words, or more than the entire Lord of The Rings series) and $15 per million output tokens. In the last…

Anthropic released Claude Sonnet 4.5, its latest model, on Monday. The company positioned it as the world’s best AI coding system and a leap forward in applied artificial intelligence.The upgrade arrives just four months after its predecessor, Sonnet 4, underscoring the startup’s rapid product cadence in the generative AI arms race.Anthropic said Sonnet 4.5 delivers state-of-the-art results on SWE-Bench Verified, a standard for evaluating software engineering performance. The model also leaped ahead in its ability to use a computer in similar ways to humans. These gains confirm that AI model performance continues to improve from scaling inputs such as computing…

MINNEAPOLIS (AP) — The Minnesota Twins fired manager Rocco Baldelli on Monday, ending his seven-year tenure that included three AL Central titles but only one playoff appearance over his final five seasons.Baldelli’s dismissal came after a second straight dispiriting finish by the Twins, this one marked by a major selloff leading up to the trade deadline. The Twins went 70-92, including just 19-35 after the July 31 deadline passed following the departure of 10 players from their major league roster, with only the Colorado Rockies faring worse over the final two months.The Twins finished with the fourth-worst record in the…