Growth in U.S. markets helped Swedish fintech firm Klarna to achieve a 26% jump in third-quarter revenue, beating expectations in its first report as a public company and forecasting revenue above $1 billion in the current quarter, the company said on Tuesday. The buy now, pay later lender, which went public in September in New York, reported revenue of $903 million, beating analysts' expectations of $882 million, according to data compiled by LSEG.
I think about hiring the same way. Like a stat sheet, a résumé might list someone's achievements, but it won't show how they adapt under pressure or support a team. Yet in the age of AI, companies often overlook that, prioritizing technical skills instead. According to a 2024 report from Microsoft and LinkedIn, 71% of employers said they would choose an AI-fluent candidate with less experience over someone more experienced but with limited AI knowledge.
The US is racing ahead in artificial intelligence, but its biggest obstacle is more than chips, rare earths, or talent - it's electricity, according to a new report from Goldman Sachs. The US power grid is already straining under the surge of data centers fueling AI models, with these massive facilities now accounting for about 6% of total US electricity demand.
We relied on search filters to define queries for years, but people share more about their preferences when it's a conversation. According to Redfin, early testing shows that users of the new system view nearly twice as many listings as those using standard search tools. They were also 47% more likely to request home tours or other services. When you're buying a home, the options can be overwhelming, said Abhishek Singh, a homebuyer who tested the feature.
"Government intervention in the economy in the name of national security is most clearly warranted in cases of market failure," a new report from a bipartisan task force organized by the Council on Foreign Relations says. "Today, the market failures that loom largest for U.S. national security are shortfalls of private capital in strategically important areas and over-concentration of critical supply chains in unfriendly countries," the report adds.
Since dumping product can be written off as the cost of doing business in profit and loss statements, companies don't invest in a complex reverse supply chain or inspect items for potential resale value. But recommerce site Rebel just raised a $25 million series B round to fuel its work building a resale network for retailers-and the software to power it.
"Nobody in our country of animal lovers wants to see suffering and our plan will support work to end animal testing wherever possible and roll out alternatives as soon as it is safe and effective to do so," he said.
As for companies being built, she has a preference for the founders looking to create something entirely new. "Where I tend to get excited is when I see someone who is using AI to do something that isn't 10x better. It's actually to create a whole new experience or workflow or behavior," she said. "That's what we're looking at. Less of the incremental changes and more totally new behaviors."
In a blog post, the Wikimedia Foundation, the organization that runs the popular online encyclopedia, called on AI developers to use its content "responsibly" by ensuring its contributions are properly attributed and that content is accessed through its paid product, the Wikimedia Enterprise platform. The opt-in, paid product allows companies to use Wikipedia's content at scale without "severely taxing Wikipedia's servers," the Wikimedia Foundation blog post explains.
In the fast-emerging market for AI legal tools, a two-horse race is taking shape. Harvey, the OpenAI-backed startup that has become the industry's breakout success, is now facing an ambitious challenger: Stockholm-based Legora, which is pitching law firms a new way to protect and monetize their intellectual property. Harvey has sprinted to $100 million in annual recurring revenue and an $8 billion valuation, turning the AI-for-law market into a serious money sport.
We're all living in a cyberpunk novel now. Unconstrained billionaires have space programs and robot armies. People are falling in love with and marrying AI chatbots. You can make movies where you're the star by typing a few sentences. Companies offer designer babies as a service. We've got brain implants for controlling computers, flying cars, robotic surgery, AI-controlled prosthetic limbs, and millions of drones in the sky. So why is the most effective form of communication still a hand-written note?
On the same day, Biohub said it wouldpartner with EvolutionaryScaleto leverage AI to "dramatically accelerate scientific progress toward understanding and addressing human disease." "When we started, our goal was to help scientists cure or prevent all diseases this century," Zuckerberg said in a press release. "With advances in AI, we now believe this may be possible much sooner. Accelerating science is the most positive impact we think we can make. So we're going all in on AI-powered biology for our next chapter."
For now, it's... not. The Vanguard S&P 500 ETF ( NYSEMKT: VOO) is actually looking pretty healthy so far, up 0.2% premarket. And why is that? Perhaps investors are thinking all these layoffs, caused by cheap AI replacing expensive workers, and allowing corporate profits to rise. Or investors could be encouraged by the way oral arguments went before the Supreme Court yesterday, with the Justices apparently doubtful of President Trump's ability to legally and unilaterally impose tariffs on imports without Congressional assent.
The agreement, pending approval by Judge James Donato, builds on a prior injunction that required Google to allow rival app stores within its Play Store and prohibited the mandatory use of Google Play Billing. While those earlier measures were limited to the US and set to expire after three years, the new proposal extends globally through June 2032 and introduces a framework for "Registered App Stores" with reduced fees and easier installation.
