JPMorgan Chase has introduced a new artificial intelligence assistant to help its employees with daily tasks, including drafting emails and reports. The largest U.S. bank by assets developed the portal, known as LLM Suite, that allows users to access large language models (LLM), CNBC reported citing people with knowledge of the plans. The software was launched with a model from OpenAI, the company behind AI chatbot ChatGPT.

JPMorgan Chase staff are getting a new AI assistant — powered by OpenAI

The round was co-led by Andreessen Horowitz and Thrive Capital. Patrick Collison, co-founder and CEO of Stripe, also participated in the round. Anysphere, a16z and Collison didn’t respond to a request for comment. Thrive declined comment. The company was co-founded by Michael Truell, Sualeh Asif, Arvid Lunnemark and Aman...

Anysphere, a GitHub Copilot rival, has raised $60M Series A at $400M valuation from a16z, Thrive, sources say

Fortune

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday  company said it was laying off about 20 employees (out of close to 400).

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

Rob Mee, previously the CEO of Pivotal, says that he was inspired to tackle the challenges around digital transformation after spending years working with enterprises dealing in old infrastructure. In 2022, Mee founded Mechanical Orchard, a startup that uses “AI-enhanced” tools and cloud instances to build modernized copies of companies’ aging apps and services.

Mechanical Orchard, led by ex-Pivotal CEO, scores $50M round led by Alphabet’s GV

California State

Silicon Valley’s presidential politics have been in the national spotlight, but the debate over California’s AI bill, known as SB1047, is actually the talk of the town. In recent weeks, everyone from renowned AI researchers to venture capitalists to computer science professors are weighing in on whether the proposed law, titled the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, should pass.

The brewing storm over California’s AI bill

Business Insider

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

Port Richey, FL

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Akeena

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

24/7 Wall St.

SoFi Technologies (NASDAQ: SOFI) made its public debut on June 1, 2021 through a merger with a special purpose acquisition company (SPAC), Social Capital Hedsophia Holding Corp. V, led by Chamath Palihapitiya. Before the merger, the company was originally known as Social Finance, which started as a student loan financing firm before expanding into loans, […]
The post SoFi Technologies (SOFI) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..

SoFi Technologies (SOFI) Price Prediction and Forecast 2025-2030

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NewsNinja

For more than 160 years, Macy's has been much more than a department store. It's a cornerstone of American shopping, with generations eager to buy everything from back-to-school clothes to holiday gifts. But now it is a surprise that the store has been forced to close, leaving millions to wonder how such a powerful and fast-moving brand could be defeated. Macy's, the US retail giant, now faces a difficult future. Signs of trouble have been showing for several years, including declining traffic, aging stores, and an inability to keep up with a fast-paced retail environment. However, experts say the real story is corporate mismanagement, intense competition, and a lack of innovation.

The Fall of Macy's: Inside the Collapse of America's Largest Merchant

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Philadelphia, PA

Run by Danae Mobley, Coded By Kids is a nonprofit organization based in Philadelphia that trains teenagers to become IT industry leaders, whether they are in the C-suite or leading their startups. The organization was started in 2014 by Danae’s husband, Sylvester Mobley. She was most recently elevated to the...

Meet the CEO making it possible for Black youth to own multimillion-dollar tech startups

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The home security company did not say when the cyberattack and data breach occurred, but disclosed that the attackers accessed the company’s databases containing customer home addresses, email addresses and phone numbers. In a brief regulatory filing published late Wednesday, ADT said it has “no reason to believe” that...

Home security giant ADT says it was hacked

Orlando, FL

Orlando’s beloved New York Bagel And Deli, a hotspot for anyone craving a taste of the Big Apple, has hit a snag. Known for its extensive menu that includes New York-style bagels, pizza, heroes, wraps, and more, the eatery recently faced a temporary shutdown following a state inspection.

Dead and live roaches, food and coffee lids stored on the floor- Beloved Florida eatery closed

TechRadar

Microsoft and Palantir are teaming up to improve AI, cloud and analytic capabilities for the US Defense and Intelligence Community.The project will seek to provide critical national security operations with a first-of-its-kind technology suite which combines Microsoft large-language-models via Azure OpenAI Service with Palantir’s AI Platforms (AIP).The partnership will see both companies develop new AIPs designed to improve Defense and Intelligence, from contracting and logistics, to prioritization and action planning.
Enhancing national security operations
As part of the project, Palantir will offer its Foundry, Gotham, Apollo and AIP products in Microsoft Azure Government and in the Azure Government Secret (DoD Impact Level...

Microsoft and Palantir announce major AI deal with US military and intelligence agencies

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Kentucky State

Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

Entrepreneur

Anish Dhar, co-founder and CEO of Cortex, got the idea for the project management platform while he was an engineer at Uber.

He Spent a Weekend Working on His Side Hustle in an Airbnb. Then a 'Big Breakthrough' Led to $53 Million — and Counting.

Threads, Meta’s version of a Twitter-like social network with a reduced emphasis on politics, has been growing steadily since its July 2023 global debut. Earlier this month, the company reported a new milestone for its text-focused platform, which has now crossed 200 million monthly active users, up from 150 million in April 2024.

The X exodus that wasn’t

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

NewsBreak

Techstars is laying off 17%, ending its J.P. Morgan-backed programs

The AdvancingCities program, which launched in 2022, saw the launch of accelerator programs across the nation in cities like Oakland, New York, Miami and Washington, D.C....

Techstars is laying off 17%, ending its J.P. Morgan-backed programs

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