Author: Press Room
Steve Cohen’s $50.7 billion hedge fund has continued its strong run of returns with a 2% gain in May, a person close to the firm tells Business Insider.That gain puts Cohen’s firm at 10.5% for the year, following a 17.5% gain in 2025, when the manager outperformed its main rivals in the multistrategy space, namely Millennium and Citadel.May was generally good for big-name managers, people close to the firms told Business Insider. Millennium was up 2.4%, pushing its 2026 gains to 6.1%. Balyasny is now positive for the year thanks to a 1.4% gain last month. Citadel also gained 1.4%…
The 2026 World Cup is shaping up to be the most profitable tournament for FIFA and the most expensive for fans in history. Business Insider reporter Pete Syme investigated why ticket prices are so high and compiled five charts that illustrate just how out of reach many of the tournament’s games are for average fans. What Syme discovered is that ticket prices are higher than ever because FIFA has adopted ticketing practices common in North America, like dynamic pricing and running its own secondary resale market, where prices skyrocket further. But it doesn’t stop there. The additional costs fans have…
Anthropic wants the world’s leading AI labs to come together to consider a potential pause of leading global AI development.”We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology,” two top Anthropic officials wrote in a blog post.On Thursday, Marina Favaro, who leads Anthropic’s research institute, and Jack Clark, an Anthropic cofounder, suggested that AI labs develop a partnership similar to how countries monitor the proliferation of nuclear weapons while stressing that the…
Kateryna Borodina/iStock via Getty Images Additional data from a phase 2 study of Zealand Pharma’s (ZLDPF) petrelintide indicated that the amylin analog led to significant weight loss over 42 weeks of treatment. Active-arm participants in the placebo-controlled ZUPREME-1 trial had mean reductions in weight from
SpaceX has added another lucrative deal to its revenue stream just ahead of its anticipated IPO.Google has agreed to pay SpaceX $920 million a month for compute capacity from October 2026 to June 2029, according to a SpaceX filing submitted to the SEC on Friday.The filing said the compute power included “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.” Starting in 2027, either side can terminate the deal with 90 days’ notice, according to the filing. Google said in a statement to Business Insider that the deal was needed to meet demand for Gemini Enterprise, its agentic AI…
Deere snaps seven straight sessions of gains
As a New Yorker who’s rented several cramped apartments over the years, tiny homes inspire me.Making the most of a minimal square footage requires some creativity. I often book fun-sized accommodations when I travel, hoping to discover new space-saving hacks to make the most of my own little dwelling.From Florida, Maryland, and Tennessee to Canada, Austria, and Switzerland, I’ve stayed in several tiny Airbnbs around the world.None of those homes utilized indoor space as efficiently as this tiny home hotel in Germany, which I found on Airbnb back in 2022. I was looking for tiny stays in Germany when I found one with a…
Google agrees to rent up to $30B of compute capacity from SpaceX in multiyear deal
When far-right influencer Nick Shirley posted a viral video in January alleging fraud at Minnesota daycares, he showed his 1.6 million followers on X something else too: a gray hoodie emblazoned with the Polymarket logo.Polymarket had made other appearances in the 24-year-old’s content, like in a series of man-on-the-street interviews about the “current state of America” posted in December.The first post came after Shirley began receiving money from Polymarket’s chief marketing officer, Matthew Modabber. The second came after he had taken in a total of $3,100 from Modabber, according to records reviewed by POLITICO.This daycare “Creative Minds Daycare” was SHUTDOWN…
Microsoft uses a lot of AI agents. To help manage them, it’s starting to think of them like human employees.CEO Satya Nadella said the software giant is figuring out what kinds of tools and policies it needs to oversee all the agents it’s created. That includes giving agents specific permissions for what they can and cannot access within the company, as well as ways to audit their work, he said.”You need to give them identities, you need to give them sandboxes, then you need to set policies to govern them,” Nadella told Reid Hoffman in an episode of the “Possible…