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  • Federal Reserve Cuts Interest Rates a Quarter Point | Entrepreneur

    The Federal Reserve, which last cut interest rates in December 2024, lowered interest rates .25% on Wednesday.

    Officials implied that there would be two more cuts to follow later this year. The committee meets in two months, on October 28 and 29. “In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook,” the committee wrote in a press release.

    Related: The Labor Market Has Changed From the ‘Great Resignation’ to the ‘Great Stay’ Because ‘Workers Aren’t Going Anywhere’

    EY-Parthenon Chief Economist Gregory Daco told Entrepreneur in a statement that, although inflation is picking back up, “economic activity and employment are simultaneously slowing,” causing the balance to tilt toward more rate cuts. He also predicted that there would be two more rate cuts to follow this year.

    Here’s how the interest rate cut could impact your wallet.

    U.S. Federal Reserve Chair Jerome Powell speaks at a news conference at the Federal Reserve headquarters, following the Federal Open Market Committee (FOMC) meeting in Washington, DC, on September 17, 2025. JIM WATSON/AFP via Getty Images

    Why did the Fed cut rates by a quarter percentage point?

    Economists and industry experts predicted a 94% chance of a quarter percentage point (0.25%) cut, following data released earlier this month that showed that hiring was slowing, and inflation was 2.9% in August, an increase from July’s 2.7% and higher than the Fed’s preferred 2% target.

    The central bank’s rate-setting committee, the Federal Open Market Committee (FOMC), has kept interest rates within the 4.25% to 4.5% range for the past nine months as its members analyzed economic activity. The FOMC decides on rate cuts based on two broad goals: minimizing inflation and maximizing economic activity in the labor market. Wednesday’s rate cut now lowers the range to 4% to 4.25%.

    Related: Here’s What a Federal Rate Cut Means for Small Businesses, According to Analysts

    When is the next Fed meeting, and what is expected?

    The Fed meets eight times a year in regularly scheduled meetings to set U.S. monetary policy. The FOMC sets the target range for the federal funds rate, the interest rate banks use to lend to each other, which influences broader rates that affect consumers, like credit card interest rates.

    The committee meets two more times in 2025: October 28-29 and December 9-10, according to the official calendar.

    Officials indicated two more possible rate cuts this year.

    How does the Fed affect mortgage rates?

    The Federal Reserve’s decision does not directly affect mortgage rates because mortgage rates are tied to 10-year Treasury bonds. So, a lower federal funds rate does not necessarily mean lower mortgage rates, Melissa Cohn, Regional Vice President of William Raveis Mortgage, told Entrepreneur.

    “The Fed cut will not cause mortgage rates to change,” Cohn said in an emailed statement.

    Instead, “how the bond market reacts to the Fed cut will determine the direction of mortgage rates,” and what Powell says during the press conference will “be key to market reactions,” she wrote.

    When faced with market uncertainty, investors buy Treasury bonds, driving mortgage rates down.

    However, the bond market has already recently responded to news of a possible rate cut, with mortgage rates dropping to a three-year low on Tuesday ahead of the Fed meeting. As of Wednesday morning, the average interest rate for a 30-year fixed-rate mortgage was 6.24%, one of its lowest levels since early October of last year.

    Related: Barbara Corcoran Says This Is the Interest Rate Magic Number That Will Make the Market ‘Go Ballistic’

    How does a rate cut affect credit cards?

    Credit card interest rates tend to move in alignment with the federal funds rate, per Bankrate. So the 0.25% cut could have an impact on credit cardholders with a reduction of 0.25% to their interest rates.

    Other market conditions, like inflation and the demand and supply of credit, affect the basis for most credit card interest rates. That’s why interest rates for credit cards as a whole have been increasing, from 15% in 2021 to more than 21% in 2025, despite rate cuts last year.

    Credit card companies are charging higher interest rates than four years ago, per Bankrate.

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  • How People Are Using ChatGPT: OpenAI Study | Entrepreneur

    Since its launch in November 2022, ChatGPT has changed the way people write emails, manage their social media accounts, and generate code. Now, a new report from ChatGPT-maker OpenAI is giving fresh insight into how people are really using the chatbot.

    OpenAI’s researchers published a 64-page study on Monday with the National Bureau of Economic Research (NBER) that found nearly 80% of all conversations with ChatGPT were concerned with three categories: practical guidance, seeking information, and writing help. The study, which was based on more than one-and-a-half million ChatGPT messages sent from May 2024 to July 2025 by 130,000 users, is the largest of its kind to date.

    Here’s what it found:

    Related: ChatGPT’s New Update Can Create PowerPoint Presentations and Excel Spreadsheets for You

    What Are ChatGPT’s Demographics?

    ChatGPT’s demographics have changed in the years since its launch.

    The percentage of male users has declined from 80% in the first few months after the chatbot’s drop in late 2022 to 48% as of June 2025, which makes the chatbot’s primary user base now primarily female.

    Meanwhile, nearly half of all messages sent to the chatbot since launch were sent by users under the age of 26. Gen Z is embracing AI, with a survey conducted by International Workplace Group earlier this year finding that close to two-thirds of Gen Z respondents were teaching their older colleagues how to use AI.

    OpenAI also announced on Tuesday that it was creating a different version of ChatGPT for teen users under the age of 18 that prioritized teen safety.

    How Are People Using ChatGPT?

    The most common use case was “practical guidance,” which is defined in the report as encompassing activities, such as tutoring, teaching, how-to advice, and coming up with creative ideas.

    The next most popular category involved “seeking information,” which is labeled as searching for information about people, products, and current events, like conducting a web search.

    The final popular use case included writing tasks that automatically generate emails and documents, and editing text. Writing was the most common use case at work, with an average of 40% of work-related messages on ChatGPT stemming from writing queries. Most requests asked ChatGPT to look at text the user had already written instead of creating something new. In other words, two-thirds of writing messages asked ChatGPT to edit, translate, critique, or modify text instead of generating new text.

    “Writing dominates work-related tasks, highlighting chatbots’ unique ability to generate digital outputs compared to traditional search engines,” the study read.

    Related: ChatGPT’s Creators Are Worried We Could Get Emotionally Attached to the AI Bot, Changing ‘Social Norms’

    The study also classified messages another way, using three categories based on the kind of output the user was looking for: Asking, Doing, or Expressing.

    “Asking” applies to nearly half of all messages sent to the chatbot (49%), which occurs when a user seeks information about a subject or a solution to a problem. “Doing” refers to tasks where a user wants an output, especially writing activities, and applies to 40% of all messages. “Expressing,” which refers to 11% of all messages, happens when a user communicates their views or feelings without asking for any information or action.

    Based on these classifications, users were more likely to use ChatGPT to find answers to questions rather than to carry out tasks or express opinions. ChatGPT users tapping into the chatbot at work were most likely to use it to seek information and find information.

    “Overall, we find that information-seeking and decision support are the most common ChatGPT use cases in most jobs,” the study reads.

    Related: Is Your ChatGPT Session Going On Too Long? The AI Bot Will Now Alert You to Take Breaks

    Despite discussion from tech leaders like Google CEO Sundar Pichai and Nvidia CEO Jensen Huang, it seems like vibe coding is still niche. The study found that comparatively few users were tapping into ChatGPT to code; only 4.2% of messages were related to computer programming, much less than 33% of all work-related conversations with competing chatbot Claude from Anthropic.

    Also, only a small percentage of users were using ChatGPT for companionship or guidance on social issues. Less than 2% of ChatGPT messages were about relationships and personal reflection, per the study.

    Since its launch in November 2022, ChatGPT has changed the way people write emails, manage their social media accounts, and generate code. Now, a new report from ChatGPT-maker OpenAI is giving fresh insight into how people are really using the chatbot.

    OpenAI’s researchers published a 64-page study on Monday with the National Bureau of Economic Research (NBER) that found nearly 80% of all conversations with ChatGPT were concerned with three categories: practical guidance, seeking information, and writing help. The study, which was based on more than one-and-a-half million ChatGPT messages sent from May 2024 to July 2025 by 130,000 users, is the largest of its kind to date.

    Here’s what it found:

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  • JPMorgan Connects Wealthy Clients With Private Jets, Butlers | Entrepreneur

    JPMorgan Chase’s wealthiest clients will now receive discounts and referrals on services from luxury travel to art restoration.

    JPMorgan Private Bank announced on Tuesday that it is offering a new lifestyle program for its wealthy U.S. clients, providing access to services like booking private jets and hiring household staff. Services also include financial reporting programs, bill pay, and bookkeeping.

    One service, for example, provides clients free access to Valerie Wilson Travel, a company JPMorgan acquired in 2022, for travel planning and advice. (JPMorgan did not name any other travel companies available through the network, but said that there was a wide range of firms offering exclusive services.) Another exclusive service involves maintaining and selling art collections.

    Related: JPMorgan’s New ‘Supertall’ Office Offers Perks Like High-End Restaurants and a High-Tech Gym. Here’s What Else to Expect.

    For JPMorgan clients, there is no additional fee to tap into the new services, according to the press release. The new programming is part of a wider industry trend where private banks are expanding beyond traditional investment and financial guidance.

    William Sinclair, co-head of J.P. Morgan Private Bank’s Global Family Office Practice, told CNBC that wealthy clients are increasingly seeking more than just financial advice from their advisors, including managing artwork collections and payroll management for household employees.

    “There is a growing trend among clients who want our advice outside of traditional wealth management,” Sinclair told the outlet.

    JPMorgan CEO Jamie Dimon. Photographer: Patrick Bolger/Bloomberg via Getty Images

    Sinclair stated that the most requested services have been private jet travel, bill pay, and requests from business owners to help find health insurance plans for employees.

    JPMorgan is also planning to add more features to the lifestyle service as it grows, Emily Margolis, head of JPMorgan Private Bank’s lifestyle services, told CNBC.

    “We’re looking at physical security, insurance, more in-depth HR, areas that we see more requests,” Margolis told the outlet.

    Related: JPMorgan Will Fire Junior Bankers Over a Common Practice That CEO Jamie Dimon Calls ‘Unethical’

    Expanding lifestyle services ties into JPMorgan’s overall strategy to grow as a bank. JPMorgan CEO Jamie Dimon talked about the company’s overarching growth plan and commitment to investments at the bank’s annual Investor Day in May.

    “There’s a lot of competition,” he stated at the event. “You have to be prepared every day to make the investment you need to do in your people, your systems, your ops, your culture, and stuff like that to actually win.”

    JPMorgan is also the largest U.S. bank with over $4.3 trillion in assets as of March 31. The bank had a market value of over $845 billion at the time of writing.

    Related: JPMorgan Is Now Valued More Than Its 3 Largest Competitors Combined: ‘We’re Quite Cautious to Just Declare Victory’

    JPMorgan Chase’s wealthiest clients will now receive discounts and referrals on services from luxury travel to art restoration.

    JPMorgan Private Bank announced on Tuesday that it is offering a new lifestyle program for its wealthy U.S. clients, providing access to services like booking private jets and hiring household staff. Services also include financial reporting programs, bill pay, and bookkeeping.

    One service, for example, provides clients free access to Valerie Wilson Travel, a company JPMorgan acquired in 2022, for travel planning and advice. (JPMorgan did not name any other travel companies available through the network, but said that there was a wide range of firms offering exclusive services.) Another exclusive service involves maintaining and selling art collections.

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  • Luckin Coffee Is Making a US Run at Starbucks | Entrepreneur

    Luckin Coffee, China’s largest coffee chain, is making a fully caffeinated move into the U.S., directly challenging Starbucks. After surpassing Starbucks in store count across China, Luckin has launched five cashier-less locations in New York City.

    All orders at Luckin stores are placed via a mobile app, and to help convert American coffee guzzlers, Luckin offers steep app-based coupons, with discounts of up to 50%, undercutting Starbucks‘ prices and going straight at its legacy model of in-store ambience and experience.

    Related: Starbucks Is Revamping 1,000 Locations

    While Starbucks focuses on operational profitability—targeting a per-store minimum margin of 15%—Luckin is accepting early losses to build brand recognition and rapidly increase its market presence, Bernstein U.S restaurant equity research analyst Danilo Gargiulo told CNBC.

    Speaking on Luckin’s mindset, Gargiulo said: “I want to make sure that the brand gets recognized on a national basis, even though at the beginning, this means that I might need to be suffering from some smaller losses on a per-store basis.”

    What Is Luckin Coffee?

    Founded in 2017 in Beijing, Luckin Coffee is now China’s dominant coffee retailer, boasting more than 26,000 stores worldwide. (Starbucks has 8,000 China locations.) The menu includes Americanos, matcha drinks, fizzy drinks, and a selection of creative lattes, including the popular coconut and velvet varieties.

    In 2020, the company was embroiled in a massive accounting fraud scandal, with executives admitting to fabricating over $300 million in sales. The incident led to fines, executive firings, bankruptcy proceedings, and a major corporate overhaul, per the SEC.

    Despite these setbacks, new management and a focus on transparency allowed Luckin to recover, and by 2023, Luckin Coffee was brewing $3.5 billion in net revenue.

    Luckin Coffee, China’s largest coffee chain, is making a fully caffeinated move into the U.S., directly challenging Starbucks. After surpassing Starbucks in store count across China, Luckin has launched five cashier-less locations in New York City.

    All orders at Luckin stores are placed via a mobile app, and to help convert American coffee guzzlers, Luckin offers steep app-based coupons, with discounts of up to 50%, undercutting Starbucks‘ prices and going straight at its legacy model of in-store ambience and experience.

    Related: Starbucks Is Revamping 1,000 Locations

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  • Businesses Are Using AI to Automate Work, Replace Human Jobs | Entrepreneur

    AI is mainly automating work instead of enhancing it, which is leading the technology to be a catalyst for replacing jobs, according to a new study.

    AI startup Anthropic, which was valued at $183 billion earlier this month, released a new report on Monday showing that more than three in four (77%) of the businesses using Claude did so to automate tasks. In comparison, only 12% of businesses used Claude to augment or enhance work.

    “The 77% automation rate suggests enterprises use Claude to delegate tasks, rather than as a collaborative tool,” the report stated. “Given clear automation patterns in business deployment, this may also bring disruption in labor markets, potentially displacing those workers whose roles are most likely to face automation.”

    Related: These Fields Are Losing the Most Entry-Level Jobs to AI, According to a New Stanford Study

    The report found that, so far, businesses are mainly using Claude to write code and perform administrative tasks. Claude can generate code, similar to other tools like Replit and Cursor, that create blocks of code from text prompts. In fact, the tools are powerful enough to potentially take over coding for software engineers. Anthropic CEO Dario Amodei predicted at a Council on Foreign Relations event in March that AI would write every line of code for software engineers within a year.

    “In 12 months, we may be in a world where AI is writing essentially all of the code,” Amodei said at the event.

    Anthropic CEO Dario Amodei. Photo by Chance Yeh/Getty Images for HubSpot

    Additionally, Anthropic emphasized in the report that AI risks causing mass layoffs and worker displacement due to automation. Amodei weighed in on this matter earlier this year, predicting in May that AI could wipe out half of all entry-level, white-collar jobs within the next five years, causing unemployment to reach 10% to 20%. AI could affect entry-level work in fields like law, technology, and finance, Amodei stated.

    Related: Amazon CEO Tells Employees AI Will Replace Their Jobs ‘In the Next Few Years’

    Anthropic’s Head of Economics, Peter McCrory, told Bloomberg that the researchers were not sure whether the reliance on automation found in the report was due to “new model capabilities” allowing AI to take on more duties, or due to “people being more comfortable” with AI and “more willing to delegate certain tasks to Claude.”

    In other words, the researchers were uncertain whether high levels of automation were due to AI’s increased capabilities or more people being willing to use the technology.

    Understanding the reason presents “an important area of research for the future,” McCrory told the outlet.

    AI is mainly automating work instead of enhancing it, which is leading the technology to be a catalyst for replacing jobs, according to a new study.

    AI startup Anthropic, which was valued at $183 billion earlier this month, released a new report on Monday showing that more than three in four (77%) of the businesses using Claude did so to automate tasks. In comparison, only 12% of businesses used Claude to augment or enhance work.

    “The 77% automation rate suggests enterprises use Claude to delegate tasks, rather than as a collaborative tool,” the report stated. “Given clear automation patterns in business deployment, this may also bring disruption in labor markets, potentially displacing those workers whose roles are most likely to face automation.”

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  • Google Parent Alphabet Reaches $3T Market Cap | Entrepreneur

    Google’s parent company, Alphabet, is now worth $3 trillion, a feat only achieved by three other tech giants: Nvidia, Microsoft, and Apple.

    Alphabet shares gained more than 4% in value on Monday, allowing the company to achieve a historic market capitalization of $3.03 trillion at the time of writing. Market capitalization measures the total value of a company by multiplying its share price by the number of outstanding shares.

    Alphabet hit the $3 trillion mark just over two decades after Google first went public in 2004, and more than 10 years after its own creation as Google’s parent company.

    Related: Amazon Is the Fifth Company in History to Join the Coveted $2 Trillion Tech Club

    Alphabet’s market cap has grown tremendously, more than 70%, from a low of $1.8 trillion in April. The recent surge value is partially due to an antitrust ruling earlier this month in the case Department of Justice (DOJ) v. Google, which resulted in lighter penalties than initially suggested by the DOJ. The ruling caused Alphabet shares to rise by over 20% over the past month.

    Alphabet CEO Sundar Pichai. Photographer: David Paul Morris/Bloomberg via Getty Images

    In the week following the ruling, Alphabet gained $234 billion in market cap. The company’s stock is up more than 30% year-to-date. For context, the Nasdaq as a whole is up 15% for the year, per CNBC.

    Related: Google Reportedly Told Its Staff to Use AI More or Risk Falling Behind: ‘It Seems Like a No-Brainer’

    Wall Street generally views Alphabet stock favorably. More than 80% of Wall Street analysts recommend buying the stock as of Monday, per Bloomberg.

    Alphabet joins other tech giants that have made it into the $3 trillion club — and beyond. Apple achieved the $3 trillion milestone in June 2023, while Nvidia and Microsoft have taken it a step further by passing the $4 trillion mark.

    Nvidia achieved a $3 trillion market cap in June 2024 and later surpassed $4 trillion in early July, for a market cap of $4.3 trillion at the time of writing. Microsoft, meanwhile, hit the $3 trillion mark in January 2024 and passed the $4 trillion point in late July, though its market cap has dropped to $3.8 trillion at the time of writing.

    Alphabet’s focus in recent years has been on artificial intelligence, as the company strives to compete with Meta, OpenAI, and other key players in the AI race. While announcing its second-quarter earnings in July, Alphabet mentioned that it was increasing its AI expenditures from $75 billion to $85 billion amid growing demand for its cloud and AI services.

    “AI is positively impacting every part of the business, driving strong momentum,” Alphabet and Google CEO Sundar Pichai stated in the earnings report.

    Related: This Is How Senior Leaders Are Using AI at Work, According to a Google Survey

    Google’s parent company, Alphabet, is now worth $3 trillion, a feat only achieved by three other tech giants: Nvidia, Microsoft, and Apple.

    Alphabet shares gained more than 4% in value on Monday, allowing the company to achieve a historic market capitalization of $3.03 trillion at the time of writing. Market capitalization measures the total value of a company by multiplying its share price by the number of outstanding shares.

    Alphabet hit the $3 trillion mark just over two decades after Google first went public in 2004, and more than 10 years after its own creation as Google’s parent company.

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  • TikTok Deal Is Imminent, President Donald Trump Says | Entrepreneur

    President Donald Trump hinted on Truth Social on Monday that a TikTok deal was imminent.

    “The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly,” Trump wrote on Monday morning. “A deal was also reached on a “certain” company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!! President DJT.”

    Related: Billionaire Investor Frank McCourt Jr. Wants to Do More Than Buy TikTok — He Wants to Transform the Entire Internet. Here’s How.

    Congress approved a law last year requiring TikTok to separate from its parent company, Beijing-based ByteDance, or face a permanent ban in the U.S. After multiple extensions, the deadline is now Wednesday. Shortly after Trump’s post, Treasury Secretary Scott Bessent said on Monday that the U.S. and China have agreed to the “framework” of a deal for Beijing-based ByteDance to divest TikTok to a U.S. buyer.

    President Trump and Xi Jinping, China’s leader, are reportedly planning to speak on Friday and finalize the deal, per The New York Times.

    “We were very focused on TikTok and making sure that it was a deal that is fair for the Chinese and completely respects U.S. national security concerns, and that’s the deal we reached,” Bessent said from Madrid.

    Related: Someone Just Dethroned Elon Musk as the World’s Richest Person—And It May Not Be Who You Think

    U.S. Treasury Secretary Scott Bessent addresses the media as he leaves a meeting, Sept. 15, 2025, in Madrid, Spain. The United States and China have reached an agreement on TikTok at the fourth round of negotiations in Madrid. Gustavo Valiente/Europa Press | Getty Images

    Who Will Buy TikTok?

    It is unclear at this time which suitor will take ownership, per CNBC. But there are many hopefuls.

    Oracle is reportedly a frontrunner, as the company has been TikTok’s U.S. cloud provider since 2022. Kevin O’Leary has teamed up with billionaire former Dodgers owner Frank McCourt and Reddit co-founder Alexis Ohanian in “The People’s Bid.” AI startup Perplexity submitted a bid to merge its business with TikTok’s U.S. division for more than $50 billion. Amazon and Applovin also separately submitted bids.

    “We’re not going to talk about the commercial teams of the deal,” Bessent said. “It’s between two private parties, but the commercial terms have been agreed upon.”

    Related: President Donald Trump Suggests Canceling Quarterly Reporting: ‘This Will Save Money’

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  • Elon Musk’s xAI Just Laid Off 500 Workers Who Trained Grok | Entrepreneur

    Elon Musk’s startup, xAI, just cut down its biggest team by a third.

    The AI startup laid off at least 500 workers on its 1,500-person data annotation team on Friday night, reports Business Insider. The move means the team, which leads AI training, is down to about 1,000 workers. The group is tasked with refining xAI’s chatbot, Grok, by teaching it how to contextualize data.

    Related: Elon Musk’s Companies, X and xAI, Sue Apple and OpenAI for ‘Anticompetitive Scheme’

    The company asked the team’s employees to complete a series of tests on Thursday night that would help classify them based on their strengths and interests. The tests covered areas like coding, finance, and medicine. More than 200 employees completed the tests, which had a Friday morning deadline, per BI.

    On Friday night, xAI notified some employees on the team that they were being laid off via email that said the company was looking for more “specialist AI tutors,” with deep knowledge of disciplines like science, technology, and finance, and cutting back its employment of “general AI tutor roles” without that specialized knowledge. Generalist AI tutors take on a range of broader tasks, like annotating videos and writing assignments.

    Related: Elon Musk’s xAI Is Reportedly Set to Hire Thousands of ‘AI Tutors’ With Pay Up to $65 an Hour

    “This strategic pivot will take effect immediately,” the email, which was obtained by BI, read. “As part of this shift in focus, we no longer need most generalist AI tutor positions, and your employment with xAI will conclude.”

    xAI CEO Elon Musk. Photo by Chip Somodevilla/Getty Images

    Workers were told that they would lose access to company systems immediately, but that they would still be paid their salaries through either the end of their contract or Nov. 30.

    Amidst the layoffs, xAI is still hiring: The startup recently advertised for open positions for specialist AI tutors. In a post on X last week, xAI wrote that it was planning to “immediately” grow its specialist team tenfold and was “hiring across domains” like medicine and finance.

    xAI has been rapidly growing its data annotation team. Since February, the startup has added about 700 employees to the group. According to xAI’s website, compensation for AI tutor roles can range from $45 to $100 per hour. The company had listed 13 open AI tutor positions at the time of writing.

    The xAI layoffs follow several senior-level departures from the startup, including the company’s former Chief Financial Officer Mike Liberatore, who left at the end of July. That same month, xAI launched Grok 4, its most advanced model yet, calling it the “most intelligent model in the world” with high performance on benchmark tests.

    Elon Musk’s startup, xAI, just cut down its biggest team by a third.

    The AI startup laid off at least 500 workers on its 1,500-person data annotation team on Friday night, reports Business Insider. The move means the team, which leads AI training, is down to about 1,000 workers. The group is tasked with refining xAI’s chatbot, Grok, by teaching it how to contextualize data.

    Related: Elon Musk’s Companies, X and xAI, Sue Apple and OpenAI for ‘Anticompetitive Scheme’

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  • President Donald Trump Wants to Cancel Quarterly Reporting | Entrepreneur

    President Donald Trump suggested on Monday that U.S. businesses stop issuing quarterly earnings reports.

    “Subject to SEC Approval, Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a “Six (6) Month Basis,” the post began. “This will save money, and allow managers to focus on properly running their companies. Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???’ Not good!!!”

    Current Securities and Exchange Commission (SEC) regulations require public companies to report earnings quarterly, but a change to reporting every six months could be made by the SEC or Congress. Public companies have been reporting quarterly earnings since 1970.

    Changes to earnings reports have been on the minds of business leaders before, notably Berkshire Hathaway CEO Warren Buffett and JPMorgan Chase CEO Jamie Dimon. CNBC notes that, in 2018, the duo wrote a joint op-ed for The Wall Street Journal that pushed for eliminating quarterly guidance, writing that “quarterly earnings guidance often leads to an unhealthy focus on short-term profits at the expense of long-term strategy, growth and sustainability.” The duo still advocated for earnings reports, though: “Our views on quarterly earnings forecasts should not be misconstrued as opposition to quarterly and annual reporting.”

    Axios reports that China requires quarterly reporting, though Trump was likely referring to companies listed on the Hong Kong exchange, which only report every six months. Companies in the U.K. and European Union are required to file only twice a year, but can choose to report quarterly.

    President Donald Trump suggested on Monday that U.S. businesses stop issuing quarterly earnings reports.

    “Subject to SEC Approval, Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a “Six (6) Month Basis,” the post began. “This will save money, and allow managers to focus on properly running their companies. Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???’ Not good!!!”

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  • AI Is Due for a Dot-Com Bubble Burst: Expert | Entrepreneur

    Henry Blodget, once a star tech analyst during the late 1990s and early 2000s, sees “striking parallels” between today’s artificial intelligence boom and the pre-crash exuberance of internet stocks, he writes in a Substack post.

    He attributes the AI surge to massive infrastructure spending—estimated at over $400 billion this year—and ballooning valuations for giants like Nvidia, which have pushed equity markets near peak levels previously seen only during the dot-com bubble.

    Blodget says that while the internet was transformative, the 1990s bubble wiped out many companies and shocked even the best survivors. Similarly, he warns that the scale of today’s AI investments could amplify the impact of a downturn, with repercussions not just for tech but across the commercial real estate and startup sectors.

    Related: OpenAI CEO Sam Altman Says Older Workers Need to Embrace AI — or Face Losing Their Jobs

    But he draws important distinctions from the dot-com era: much of the current AI investment is now private, which could protect retail investors if a bust occurs, and many projects are financed by the cash flows of tech giants rather than by debt.

    While he’s not sure exactly when it will happen, Blodget believes the AI bubble is real: overhyped valuations, rapid capital inflows, and questionable profitability echo the warning signs of the late 1990s.

    People like OpenAI’s Sam Altman also agree that the artificial intelligence industry is in a bubble, but history reminds us that bubble bursts often have winners who survive and leave competitors in the dust.

    “Barnes & Noble, Walmart, and other massive retailers that initially pooh-poohed the Internet never caught up with Amazon,” reminds Blodget. “Executives who dismissed e-commerce and other Internet trends as ‘fads’ were soon relieved of command.”

    Blodget writes that, “Before a bubble bursts, it’s a boom,” adding that booms can last for many years. “So if your plan is to just sit out the current AI craziness, you might want to consider the other kind of risk you’re taking — the risk of missing out while everyone else races ahead.”

    Related: In the Age of AI, These Skills Will Keep Marketers Essential

    Henry Blodget, once a star tech analyst during the late 1990s and early 2000s, sees “striking parallels” between today’s artificial intelligence boom and the pre-crash exuberance of internet stocks, he writes in a Substack post.

    He attributes the AI surge to massive infrastructure spending—estimated at over $400 billion this year—and ballooning valuations for giants like Nvidia, which have pushed equity markets near peak levels previously seen only during the dot-com bubble.

    Blodget says that while the internet was transformative, the 1990s bubble wiped out many companies and shocked even the best survivors. Similarly, he warns that the scale of today’s AI investments could amplify the impact of a downturn, with repercussions not just for tech but across the commercial real estate and startup sectors.

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  • How I Went From Side Hustle to 7 Figures in 12 Months Using These 4 AI Tools (No Tech Skills Needed) | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    Most solopreneurs are stuck using AI the old way — writing captions, drafting emails, and hoping it drives results.

    But the ones scaling to seven figures fast? They’re using AI to run their business like a machine — automating growth, traffic, and operations without hiring a single employee.

    In this video, I’ll show you the exact four AI tools I used to go from side hustle to seven figures in just 12 months — no coding, no complexity and no team required.

    Here’s how I used them:

    • The traffic tool: Pinpoints what your audience is searching for before your competitors do — helping you publish content that ranks and spreads.
    • The sales tool: Qualifies leads, personalizes follow-ups and automates sales conversations — turning traffic into profit 24/7.
    • The system builder: Converts your manual processes into repeatable automations — from onboarding to task management, without hiring.
    • The content engine: Analyzes top-performing hooks and titles in your niche — and gives you a full content calendar in minutes.

    These tools helped me stop guessing, get visible, and scale fast — without burning out or adding overhead.

    If you’re a solo entrepreneur who’s tired of doing everything yourself, this is how you scale smarter — and finally start seeing real momentum.

    The AI Success Kit is available to download for free, along with a chapter from my new book, The Wolf is at The Door.

    Most solopreneurs are stuck using AI the old way — writing captions, drafting emails, and hoping it drives results.

    But the ones scaling to seven figures fast? They’re using AI to run their business like a machine — automating growth, traffic, and operations without hiring a single employee.

    In this video, I’ll show you the exact four AI tools I used to go from side hustle to seven figures in just 12 months — no coding, no complexity and no team required.

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  • Gen Z Is Teaching Older Colleagues How to Use AI: Survey | Entrepreneur

    Gen Zers born between 1995 and 2012 are adopting AI at work and helping older colleagues embrace it too, according to a new poll.

    The survey, conducted by workspace solutions company International Workplace Group, found that close to two-thirds of Gen Z respondents were teaching their older workplace peers how to use AI.

    “This support often takes different forms, from hands-on guidance to sharing practical tips to integrate AI into daily workflows,” International Workplace Group CEO Mark Dixon told CNBC.

    Related: Almost 100% of Gen Zers Surveyed Admitted to Using AI Tools at Work. Here’s Why They Say It Is a ‘Catalyst’ for Their Careers.

    In the poll, which surveyed over 2,000 individuals in the U.S. and the U.K., nearly half of the respondents said AI is bridging generational gaps and encouraging collaboration. Older workers “are showing a real openness to AI” and “learning from younger generations,” Dixon told the outlet.

    He added that the dynamic between older and younger generations was “so impactful” because of its “reciprocity.” Younger generations are using their AI skills to “guide” others and “introduce new ways of working,” while older generations respond by leveraging their experience and industry knowledge to help Gen Z use the technology more effectively.

    “In today’s digital-first era, AI is emerging as a powerful unifier across generations,” Dixon told CNBC.

    Related: Gen Z Is Increasingly Turning to Trade Schools as a Fast Track to Entrepreneurship and an AI-Proof Career

    The survey additionally found that most office workers (86%) said that AI has improved their efficiency, while over three-fourths say it has helped their careers. On average, workers saved 55 minutes every day by using AI.

    Gen Z workers are also improving their own AI skills by teaching others how to use it, Dixon said.

    Gen Zers born between 1995 and 2012 are adopting AI at work and helping older colleagues embrace it too, according to a new poll.

    The survey, conducted by workspace solutions company International Workplace Group, found that close to two-thirds of Gen Z respondents were teaching their older workplace peers how to use AI.

    “This support often takes different forms, from hands-on guidance to sharing practical tips to integrate AI into daily workflows,” International Workplace Group CEO Mark Dixon told CNBC.

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  • ‘Catfish’ Star Nev Schulman Has a New Job in Real Estate | Entrepreneur

    The median age of all real estate agents who belong to the National Association of Realtors is 60, making the profession a top choice for entrepreneurs of a certain age who want to start a second (or third) career. It’s also a top choice for working parents who want to set their own hours. And now, even MTV stars want in on the action.

    “Catfish” host Nev Schulman, 40, told People this week that he has started a new career in real estate. The television host and podcaster has joined the firm Coldwell Banker Warburg.

    Related: I Risked Everything to Build My Company. Four Years Later, Here’s What I’ve Learned About Building Real, Lasting Success

    In a press release announcing the news, the agency said that Schulman’s time on “Catfish,” which helped people discover who they were really talking to online, will help his clients with the “trust-building and problem-solving skills” needed to make a deal in New York’s complex housing market.

    Nev Schulman during the Juventus Podcast Stories of Strength At Juventus Creator Lab on October 08, 2024, in Turin, Italy. (Photo by Diego Puletto/Juventus/Juventus FC via Getty Images)

    “Hosting Catfish taught me how to listen deeply, build trust quickly, and help people navigate some of the most emotional decisions of their lives,” Schulman said. “Real estate in New York is no different — you need empathy, patience, and the ability to see through the noise to find the right home.”

    Although most people know Schulman from his time on television, including a stint on “Dancing With the Stars” in 2020, he’s now a father of three who’s hoping to step into his father’s footsteps — Robert Schulman is a broker at the same firm, and a “top producer” for the last 15 years.

    Related: These Are the Highest-Paying Jobs for Older Adults (With the Least Physical Labor), According to a New Report

    “After watching my father dedicate more than 50 years to this business, it feels meaningful to follow in his footsteps and join Coldwell Banker Warburg,” Schulman said.

    If he ever gets the television itch, though, there are a slew of real estate programs on Netflix and Bravo to choose from. Just ask the Altman brothers or Barbara Corcoran.

    Erin Davis

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  • Apple, Meta, Google Working on Universal Translators | Entrepreneur

    Universal translators were once a science fiction dream, appearing in shows like “Star Trek” as devices capable of translating any language into English.

    Now, new advancements in AI have made it possible for big tech companies like Apple, Meta, and Google to create gadgets that translate from one language to another in real-time. And analysts expect the products to be popular.

    Here’s what they’re working on:

    Apple

    Apple introduced the $250 AirPods Pro 3, a pair of earbuds capable of live translation in real-time, at its “Awe Dropping” product launch event earlier this week. The earbuds support translations from French, German, Portuguese, and Spanish into English. Older AirPods models, such as the AirPods 4 and AirPods Pro 2, will get the live translation feature as an update next week.

    Apple AirPods Pro displayed at Apple headquarters in Cupertino, California, on Sept. 9. Photo by Justin Sullivan/Getty Images

    In a demo video, Apple showcased how AirPods could be used in a live conversation with an English-speaker buying flowers from a Spanish-speaker. The AirPods translated the vendor’s words from Spanish to English in real-time through in-ear audio translations. When the English-speaker responds, their words are translated into Spanish via written text on her phone. If both people in a conversation are wearing AirPods, they can speak in different languages and have the earbuds translate in real-time.

    Analysts expect the product to entice users to upgrade their Apple devices.

    “If we can actually use the AirPods for live translations, that’s a feature that would actually get people to upgrade,” DA Davidson Analyst Gil Luria told CNBC.

    Related: Apple’s Foldable iPhone Release Date Has Been Revealed, According to a JPMorgan Investor Letter

    Google

    Google announced last month that its Pixel 10 phone can translate from one language to another during phone calls — and preserve the speaker’s natural voice with translations. The feature, called Voice Translate, applies to real-time phone call conversations in languages like Spanish, Japanese, and Hindi, and will become available through a software update on Monday.

    The translate feature processes translations on the Pixel 10 device, so conversations are kept private.

    Google Pixel 10 smartphone. Photo by Andrej Sokolow/picture alliance via Getty Images

    “Voice Translate allows you to break down language barriers during phone calls,” Google stated in a blog post announcing the feature.

    Meta

    Meta, meanwhile, has recently implemented translation capabilities for new or existing devices. Starting in April of this year, the bestselling Ray-Ban Meta smart glasses are capable of live translation.

    The glasses, which have sold more than two million pairs since launch, can help English-speaking users understand speech in French, Italian, and Spanish with a simple voice command: “Hey Meta, start live translation.”

    Meta CEO Mark Zuckerberg (left) and Mixed Martial Arts Fighter Brandon Moreno (right) at Meta Connect 2024. Photographer: David Paul Morris/Bloomberg via Getty Images

    Meta CEO Mark Zuckerberg first introduced the live AI translation feature for the Ray-Ban Meta smart glasses at Meta Connect 2024. He demonstrated how he was able to understand Brandon Moreno, a mixed martial arts fighter, speaking in Spanish while he responded in English.

    “You can simply speak to someone in Spanish, and hear the English translation directly in your ear,” Zuckerberg said at the event.

    Related: Mark Zuckerberg’s Meta Keeps Suspending Mark Zuckerberg, Esq., From Facebook — and Now He’s Suing

    Universal translators were once a science fiction dream, appearing in shows like “Star Trek” as devices capable of translating any language into English.

    Now, new advancements in AI have made it possible for big tech companies like Apple, Meta, and Google to create gadgets that translate from one language to another in real-time. And analysts expect the products to be popular.

    Here’s what they’re working on:

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  • AT&T’s Employee Attendance Tracking Was Inaccurate | Entrepreneur

    AT&T is scaling back its employee tracking system after discovering that the system yielded inaccurate results that were “driving people to the brink of frustration,” according to a C-Suite executive.

    Business Insider recently obtained leaked audio of an internal meeting last month where AT&T’s Chief Marketing and Growth Officer, Kellyn Kenny, said that her division was cutting back on “presence tracking” or monitoring employees working hours through badge swipes, laptop network connections, and mobile location data. AT&T as a whole is reducing its reliance on the tracking system for all salaried employees, the outlet reported.

    AT&T workers have been back in the office five days a week since January, a move that was initially complicated by a lack of open desks and parking spaces at some locations. The company introduced the tracking system two years ago to catch employees who weren’t showing up to work, but the system has since hit a few snags. Employees have complained about inaccurate tracking, noting that the potential for incorrect reports could make them targets for layoffs.

    Related: Amazon Is Reportedly Tracking ‘Coffee Badging’ Workers and Their Real In-Office Hours

    AT&T workers told BI that their reports were routinely off by several hours, and that sometimes the system would stop tracking hours if they stepped out for lunch, failing to resume tracking when they returned. Additionally, if they badged into the office on a weekend to briefly get some work done, their daily average hours for the week would drop below the mandatory eight hours.

    “We recognize that there are things about the [presence tracking] report that are not correct,” Kenny said at the meeting.

    AT&T CEO John Stankey. Photographer: Andrew Harrer/Bloomberg via Getty Images

    An employee survey last month additionally revealed that workers were tired of the presence tracking report. For example, some were struggling to make it to doctors’ appointments on time without being penalized by the system. The survey asked employees whether they felt supported by AT&T’s “policies and systems,” and nearly half of Kenny’s organization said no, with some pointing to the presence report in their freeform responses.

    “I now understand the level of anxiety that this report has created,” Kenny stated at the leaked meeting. “I also now understand how the fact that it is inaccurate is driving people to the brink of frustration, and it’s creating distrust.”

    Related: Is Workplace Trust Dead? A ‘Big Four’ Firm Will Soon Use Location Data to Track Employees

    Kenny mentioned that the system initially helped AT&T identify “freeloaders” who badged in, got a cup of coffee, and left after 10 minutes.

    “We do not need this report for that purpose anymore, because we took action on the people who were the free riders,” Kenny said at the meeting.

    The same survey showed that employee engagement declined at AT&T over the past year due to measures like the return-to-office mandate. In response to the survey results, AT&T CEO John Stankey wrote in a memo to staff in August that employees should get on board with the mandate or find work elsewhere.

    Related: Here Are the Exact Salaries AT&T Pays Employees, From AI Engineers to Product Managers

    Rivals like Verizon are using AT&T’s RTO mandate as a chance to poach workers who would prefer to work a hybrid schedule.

    AT&T is also trying to cut down its workforce, per BI. It started the year with 140,990 employees, down from 160,700 workers in 2022. Most of its workforce, or about 123,967 employees as of this year, is based in the U.S.

    AT&T is scaling back its employee tracking system after discovering that the system yielded inaccurate results that were “driving people to the brink of frustration,” according to a C-Suite executive.

    Business Insider recently obtained leaked audio of an internal meeting last month where AT&T’s Chief Marketing and Growth Officer, Kellyn Kenny, said that her division was cutting back on “presence tracking” or monitoring employees working hours through badge swipes, laptop network connections, and mobile location data. AT&T as a whole is reducing its reliance on the tracking system for all salaried employees, the outlet reported.

    AT&T workers have been back in the office five days a week since January, a move that was initially complicated by a lack of open desks and parking spaces at some locations. The company introduced the tracking system two years ago to catch employees who weren’t showing up to work, but the system has since hit a few snags. Employees have complained about inaccurate tracking, noting that the potential for incorrect reports could make them targets for layoffs.

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    Sherin Shibu

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  • US Drinking Rate Hits Historic Low: Report | Entrepreneur

    If Gallup’s latest look at alcohol consumption in the United States is any indication, football tailgate parties will have fewer kegs this weekend than in years past.

    Gallup has tracked Americans’ drinking habits since 1939, and its latest poll finds that Americans’ self-reported drinking has dropped to 54%, the lowest percentage in 90 years.

    The late 1970s saw the highest consumption habits, with 71% of Americans saying that they drank alcohol. In more recent years, the rate dropped from 62% in 2023 to 58% in 2024, and is now down to 54% in 2025.

    Related: Why Entrepreneurs Who Ditch Alcohol Gain More Focus and Success

    Per Gallup’s analysis, the drop-off aligns with recent research that disputes the long-held myths that alcohol has some health benefits, such as red wine being good for your heart. “Even moderate drinking may increase your risk of death and other alcohol-related harms, compared to not drinking,” declared the CDC.

    Here’s how the decline breaks down by demographic group:

    Source: Gallup

    For those who do report drinking alcohol, there has been a decline in the amount and frequency they report. Gallup says the average number of drinks consumed in a week hit an all-time low of 2.8. A year ago, it was 3.8 drinks. The highest average was 5.1 drinks per week, recorded in 2003.

    Related: Entrepreneurs Are Ditching Alcohol — Here’s Why It’s Helping Them Become More Successful

    While the legalization of recreational marijuana in many states would seem to be a part of this trend, Gallup’s researchers do not believe it is a cause in the shift. “Although marijuana use is higher today than a decade ago, it has been fairly steady over the past four years,” writes Gallup, “and thus doesn’t appear to be a factor in people choosing not to drink alcohol.”

    The overwhelming feedback tied the dropoff to the “no amount of alcohol is safe” messaging from health officials. Gallup likens it to the decline in smoking that followed the U.S. surgeon general’s warnings about the harms of tobacco in the 1960s. Reuters reports that alcohol sales numbers have been precipitously falling since the pandemic, noting that health concerns, as well as inflation and interest rates, are likely factors.

    If Gallup’s latest look at alcohol consumption in the United States is any indication, football tailgate parties will have fewer kegs this weekend than in years past.

    Gallup has tracked Americans’ drinking habits since 1939, and its latest poll finds that Americans’ self-reported drinking has dropped to 54%, the lowest percentage in 90 years.

    The late 1970s saw the highest consumption habits, with 71% of Americans saying that they drank alcohol. In more recent years, the rate dropped from 62% in 2023 to 58% in 2024, and is now down to 54% in 2025.

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  • NBCU Says Return to the Office or Leave: Severance Offer | Entrepreneur

    Days after announcing that its hybrid employees would have to return to the office (RTO) four days a week starting Jan. 5, NBCUniversal is offering an alternative to its mandate — accept a buyout.

    According to internal documents obtained by Business Insider, NBC is offering employees who don’t want to return to the office the following severance package: eight weeks of pay, plus medical, dental, and vision benefits for three months after their departure. Employees will also receive a full bonus if eligible.

    The package does not add additional compensation based on the employee’s tenure. Workers have to ask their HR managers about the severance offer by Oct. 3 to get the offer, BI learned.

    Related: What Is ‘Task Masking’? Young Workers Retaliate Against Return-to-Office Mandates With a Viral Strategy.

    The severance package only applies to NBC employees at the vice president level or below who currently work a hybrid schedule and are located in the U.S. and the U.K. They will be required to work through Dec. 31 on the company’s payroll and transfer their responsibilities to other employees before they leave. According to PitchBook, NBC has nearly 60,000 employees worldwide.

    NBCU workers previously followed a hybrid schedule, coming into the office three days per week (Tuesday, Wednesday, and Thursday), according to Variety. The new four-day policy would require them to come in on Mondays as well.

    Many companies are implementing RTO mandates across a variety of fields. Buy now, pay later company, Klarna, announced earlier this week that it would require workers to work from the office three days per week starting September 29. Klarna began trading on the New York Stock Exchange on Wednesday and employed 3,422 workers as of the end of 2024.

    Microsoft is also requiring its employees to work from the office at least three days a week starting in February. Microsoft’s worldwide headcount as of June 30 was 228,000 employees, with 125,000 workers located in the U.S.

    Related: Verizon Tries to Steal ‘Top Talent’ From Rival AT&T With Email Promoting Its Hybrid and Remote Roles

    Other companies, like AT&T, JPMorgan, and Amazon, have already implemented RTO mandates this year, despite employee pushback.

    A survey conducted by Bamboo HR last year found that around one in four C-Suite executives hoped strict RTO policies would prompt some employees to quit, calling the RTO orders “layoffs in disguise.” According to the study, around 40% of managers had to implement actual layoffs when fewer employees quit than expected after the RTO mandate.

    Though executives have touted the benefits of in-person work for strengthening company culture and helping employees grow their careers, hybrid work also has its benefits.

    A study published in the scientific journal Nature last year revealed no differences in productivity, performance, or promotion when comparing employees who went to work fully in-person for six months, and those who followed a hybrid schedule.

    Related: Dropbox’s CEO Is Still in Favor of Remote Work

    Days after announcing that its hybrid employees would have to return to the office (RTO) four days a week starting Jan. 5, NBCUniversal is offering an alternative to its mandate — accept a buyout.

    According to internal documents obtained by Business Insider, NBC is offering employees who don’t want to return to the office the following severance package: eight weeks of pay, plus medical, dental, and vision benefits for three months after their departure. Employees will also receive a full bonus if eligible.

    The package does not add additional compensation based on the employee’s tenure. Workers have to ask their HR managers about the severance offer by Oct. 3 to get the offer, BI learned.

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  • Mark Cuban’s Job Searching Advice for College-Aged Workers | Entrepreneur

    College students today have “more resources available to you in your phone than anybody in the history of everything,” said Mark Cuban earlier this week at the All-In Summit. And that’s exactly the advice he tells his college-aged kids.

    Cuban told the audience that he is advising his three kids (two are in college) to shy away from looking for a job at a big company. In the joint interview with former Fox News anchor Tucker Carlson, Cuban said getting a job at a large corporation now is tougher than ever — especially as these companies integrate AI into everyday workflows.

    “I got two kids in college, and what I tell them is if you were looking for a job at a big company, you’re not going to get it,” said Cuban, whose net worth is reportedly around $6 billion.

    Related: OpenAI CEO Sam Altman Says Older Workers Need to Embrace AI — or Face Losing Their Jobs

    Instead, he told them to look for a smaller-to-medium-sized company that could benefit from hiring Gen Z employees who are AI-native.

    “The small to medium-sized companies need all the help they can get from AI natives,” Cuban explained. “Because walking in and understanding AI and being able to implement [it] for that company is a huge step forward [for] them. That’s one way we will adjust.”

    Cuban could be on to something. Despite many executives and even the “Godfather of AI” predicting mass unemployment due to artificial intelligence implementation, OpenAI CEO Sam Altman seems equally excited about what this all means for current students and recent graduates.

    Related: Here’s What ‘Terrifies’ OpenAI’s CEO About Financial Institutions Today: ‘This Is a Huge Deal’

    Altman told the “Huge Conversations” podcast in August that if he were 22 years old and just finishing college, he would “feel like the luckiest kid in all of history” because of the new opportunities, from starting new companies to writing code, that AI can provide.

    “You have access to these tools that can let you do what used to take teams of hundreds,” Altman said.

    College students today have “more resources available to you in your phone than anybody in the history of everything,” said Mark Cuban earlier this week at the All-In Summit. And that’s exactly the advice he tells his college-aged kids.

    Cuban told the audience that he is advising his three kids (two are in college) to shy away from looking for a job at a big company. In the joint interview with former Fox News anchor Tucker Carlson, Cuban said getting a job at a large corporation now is tougher than ever — especially as these companies integrate AI into everyday workflows.

    “I got two kids in college, and what I tell them is if you were looking for a job at a big company, you’re not going to get it,” said Cuban, whose net worth is reportedly around $6 billion.

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  • Mental Health Leaves Skyrocket From Pre-Pandemic Levels | Entrepreneur

    Workers are taking more mental health leaves now than they were in 2019, before the Covid-19 pandemic started.

    According to data collected by behavioral health services provider ComPsych, the percentage of workers taking a leave of absence increased by 30% from 2019 to 2024, while mental health leaves increased by 300% in the same time frame. ComPsych analyzed data from over six million global employees.

    ComPsych’s Chief Clinical Officer Jennifer Birdsall told CNBC that mental health leaves have increased “so tremendously” due to factors like uncertain economic conditions. In addition, the pandemic lessened the stigma around asking for mental health support and allowed people to understand their options better, she explained.

    Related: AI Is Transforming Drug Matching for Cancer, Rare Diseases — Here’s How

    The data showed that employers should rethink how they approach managing absences and handling employee well-being, said ComPsych CEO Paul Posey.

    “The pandemic fundamentally reset norms in absence management for employers,” Posey said in a press release.

    The data shows that the levels of employees taking a leave of absence have begun to stabilize in recent years, indicating a “new normal,” Posey stated. Numbers were up 33% from 2022 to 2023, but then flattened out from 2023 to 2024. The number of leaves of absence in general was also flat from 2023 to 2024.

    A survey from business consulting firm Mercer, released earlier this year, asked more than 500 organizations what they were doing to support employee behavioral health. Nearly 80% said they have taken action or plan to take action in 2026 to provide digital resources for stress management, and 20% said they conducted anti-stigma campaigns for mental health.

    Related: This Former Marine Beat Death Twice and Turned His Wake-Up Call Into A Wellness Business

    Workers are taking more mental health leaves now than they were in 2019, before the Covid-19 pandemic started.

    According to data collected by behavioral health services provider ComPsych, the percentage of workers taking a leave of absence increased by 30% from 2019 to 2024, while mental health leaves increased by 300% in the same time frame. ComPsych analyzed data from over six million global employees.

    ComPsych’s Chief Clinical Officer Jennifer Birdsall told CNBC that mental health leaves have increased “so tremendously” due to factors like uncertain economic conditions. In addition, the pandemic lessened the stigma around asking for mental health support and allowed people to understand their options better, she explained.

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  • Elon Musk Takes Back World’s Richest Title | Entrepreneur

    This week, Oracle founder Larry Ellison, 81, became the world’s richest person, albeit briefly, overtaking Tesla and SpaceX CEO Elon Musk. Ellison’s wealth grew by $89 billion, reaching $383.2 billion on Wednesday, the largest one-day jump in history, per Bloomberg. It was his first time in the No. 1 spot.

    It was short-lived. By the end of the day on Wednesday, Musk, 54, had re-taken the top spot again, this time by only $1 billion.

    Related: Meet David Ellison, Larry Ellison’s Son Who Took Over at Paramount

    Ellison’s wealth grew due to Oracle’s strong earnings report on Tuesday, which had Wall Street “shocked.” The earnings statement showed that in the first quarter of the year alone, Oracle had signed four multi-billion-dollar contracts.

    “It was an astonishing quarter,” said Oracle CEO Safra Catz.

    Musk, meanwhile, has been in the top spot off and on since 2021 and had been perched there for the last 300 days before Ellison took over for most of the day Wednesday.

    At press time, Musk is sitting on a total net worth of $384 billion, while Ellison is at $383 billion, per the Bloomberg Billionaire Index.

    Related: These Luxury Yachts Are Owned By Some of the Wealthiest People in Tech

    This week, Oracle founder Larry Ellison, 81, became the world’s richest person, albeit briefly, overtaking Tesla and SpaceX CEO Elon Musk. Ellison’s wealth grew by $89 billion, reaching $383.2 billion on Wednesday, the largest one-day jump in history, per Bloomberg. It was his first time in the No. 1 spot.

    It was short-lived. By the end of the day on Wednesday, Musk, 54, had re-taken the top spot again, this time by only $1 billion.

    Related: Meet David Ellison, Larry Ellison’s Son Who Took Over at Paramount

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