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If you want insight into just how worried VCs (and Silicon Valley, generally) are over legal challenges to AI training on copyrighted material, look no further than AI music site Suno. Suno, which allows anyone to create AI-generated songs through prompts, announced on Wednesday that it has raised a $250 million Series C round at … Read more
Embattled BP returned to profitability and beat earnings expectations for the first time since announcing its “fundamental reset” early this year away from renewables and back toward fossil fuels, offering encouragement about its long-term viability. It’s the second quarter since BP (No. 33 in the Fortune Global 500) initiated its reset and the first time … Read more
Bus stop advertising for Chinese fashion company Shein on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Fast fashion giant Shein’s troubles continue to mount after its much anticipated London initial public offering (IPO) reportedly hit a fresh roadblock. The e-commerce behemoth is now aiming for a Hong … Read more
Former Rep. Barbara Lee, D-Calif., defeated former Oakland City Council member Loren Taylor in Oakland’s special election for mayor, following months of uncertainty for the struggling city. While Taylor made inroads as a relative political outsider with campaign finance reports revealing he outraised the career California politician, Lee was ultimately triumphant following Friday’s ranked choice … Read more
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label. The high-end fashion group, whose brands … Read more
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