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Softstar Shoes Transfers Ownership to Employees as US Founders Prepare to Retire

Oregon-based Softstar Shoes has transferred ownership of the company to its approximately 30 employees as former owner Tricia Salcido begins planning for retirement. The shoemaker completed the transition through an…

Starbucks Korea to Close Stores Early for History Training After ‘Tank Day’ Campaign

Starbucks Korea will close all its stores early on June 22 so employees can attend mandatory training on South Korean history and social sensitivity. The action follows public criticism of…

Anthropic Executives to Meet US Officials Over Fable 5 and Mythos 5 Restrictions

Anthropic executives are expected to meet senior US Commerce Department officials in Washington on Monday after the government restricted foreign access to the company’s latest AI models. CEO Dario Amodei…

Companies Target the Moon as Demand for Helium-3 Grows

Companies are developing ways to extract helium-3 from the Moon as demand rises from quantum computing, scientific research, and possible nuclear fusion applications. The rare gas currently comes mainly from…

Bank of Japan Raises Interest Rate to 31-Year High of 1%

The Bank of Japan has raised its policy interest rate from 0.75% to around 1%, the highest level since 1995. The increase follows a rise in global energy prices and…

Stanford Graduates Walk Out During Sundar Pichai’s Commencement Speech

Around 200 Stanford University graduates reportedly walked out as Google and Alphabet CEO Sundar Pichai delivered the university’s commencement address on Sunday. Students also booed and displayed signs criticizing Google’s…

Meta Adds AI Mode Search and New Editing Tools to Facebook

Meta is rolling out new AI features on Facebook that change how users search for information and edit photos and videos. The main addition is AI Mode, which uses Meta…

SpaceX IPO Raises $85.7 Billion After Underwriters Buy Additional Shares

SpaceX has increased the amount raised through its initial public offering to $85.7 billion after the offering’s underwriters exercised their option to buy the maximum number of additional shares. The…

Salesforce to Acquire Fin for $3.6 Billion to Strengthen Agentforce

Salesforce has agreed to acquire AI customer service company Fin for approximately $3.6 billion, bringing Fin’s customer support agent technology and development team into its Agentforce business. The companies expect…

Sarvam Raises $234 Million at $1.5 Billion Valuation

Indian artificial intelligence company Sarvam has raised $234 million in the first close of a planned $300 million Series B round, valuing the Bengaluru-based company at $1.5 billion. The funding…

Loft Orbital Satellite Uses AI To Identify Targets Without Ground Analysis

An Earth observation satellite has used a vision-language model to identify requested features in imagery without relying on analysts on the ground, marking the first reported use of this type…

Fox to Acquire Roku in $22 Billion Cash-and-Stock Deal

Fox Corporation has agreed to acquire streaming company Roku in a cash-and-stock transaction valued at about $22 billion. The deal combines Fox’s news, sports, and streaming operations with Roku’s connected…

Orbio Raises $21 Million To Expand AI Agents For Frontline Workforce Management

Orbio has raised $21 million in Series A funding to expand its AI agents for recruiting, onboarding, and managing frontline employees. Dawn Capital led the round, bringing the enterprise startup’s…

Convicted Frank Founder Charlie Javice Reportedly Seeks Trump Pardon

Charlie Javice, the convicted founder of financial aid startup Frank, is reportedly seeking a presidential pardon while appealing her conviction for defrauding JPMorgan Chase in a $175 million acquisition. People…

KPMG Withdraws Agentic AI Report After Organizations Dispute Its Claims

KPMG has withdrawn a report about agentic AI after several organizations said descriptions of their AI use were false or misleading. Research group GPTZero said many of the report’s citations…

FBI Uses Replica Town To Train Investigators For Real-World Cyberattacks

The FBI has revealed a 22,000-square-foot replica town in Huntsville, Alabama, where investigators train to respond to cyberattacks involving homes, businesses, hospitals, vehicles, and critical infrastructure. Known as the Kinetic…

England Targets 60% Of Children Walking Or Cycling To School By 2035

The UK government wants at least 60% of children aged five to 16 in England to usually walk or cycle to school by 2035, supported by £4.5 billion in projected…

Aurigny CEO Questions Break-Even Target After Airline Records £6.3 Million Loss

Aurigny chief executive Nico Bezuidenhout has questioned whether Guernsey’s publicly owned airline should still be required to break even when about 70% of its operations now involve essential lifeline services.…

UK Watchdog Investigates Ryanair Fees For Parents Sitting With Children

The UK’s competition watchdog is investigating whether Ryanair unfairly charges parents to sit beside their children on flights. The Competition and Markets Authority said the airline’s mandatory family seat typically…

India’s Wild Agave Creates New Income And Production Opportunities

Wild agave growing across India’s Deccan Plateau is becoming a source of income for farmers and a raw material for the country’s small but growing agave-based drinks industry. Masapalli Venkatesh…