Author: Editor

The most prominent AI company in the world just threw its hat into the social media ring.On Tuesday, OpenAI launched a stand-alone video app called Sora that feels like an uncanny version of TikTok or Instagram Reels, populated solely by AI-generated content.Invite-only Sora — launched alongside OpenAI’s latest audio and video generation model Sora 2 — lets users create 10-second videos from short, written prompts. The hero feature is “Cameos,” which inserts users and their friends into these clips (with their permission).Is AI social media’s next frontier? Could Sora pose a threat to major social platforms like TikTok, Snapchat, and…

Elon Musk had a message for his social-media followers on Wednesday morning: “Cancel Netflix for the health of your kids.”The Tesla CEO, who made the remarks in response to criticism of an animated Netflix show featuring a teenage protagonist who is trans, indicated earlier on Tuesday that he had canceled his subscription to the streaming service.It’s the latest example of Musk wading into the culture wars and urging his 226 million followers to take action against a company with which he disagrees.Netflix’s stock was down around 2% on Wednesday amid a volatile market.Musk’s denouncement of Netflix comes as some accounts…

CEO of Strategy Michael SaylorEva Marie Uzcategui/Bloomberg Strategy Inc. shares rose the most in two weeks after the Bitcoin treasury company founded by Michael Saylor said that it will no longer be subject to the U.S. corporate alternative minimum tax.As Bitcoin prices gained this year, Strategy expected in 2026 to be subject to the 15% corporate alternative minimum tax, which applies to companies exceeding $1 billion in a three-tax-year period preceding the initial tax year. But under the the Department of the Treasury and the Internal Revenue Service interim guidance issued Tuesday, corporations can disregard unrealized gains and losses on their…

Amazon unveiled a new grocery brand named — wait for it — Amazon Grocery.The e-commerce giant is merging two of its private-label grocery brands — Amazon Fresh and Happy Belly — into one budget-minded offering with simpler packaging, the company said on Wednesday.Amazon Grocery offers more than 1,000 grocery items, most of which are priced at less than $5, the company said. “They don’t compromise on quality or taste,” Whole Foods CEO and president of Amazon’s grocery stores Jason Buechel said in a statement.The brand is available now online and in-store in select US markets.The company’s private-label brands have gained…

2025-10-01T17:10:11Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Watch enthusiasts gathered in New York City for the biennial Rolliefest event. This year’s Rolliefest featured over 200 collectors and $25 million in watches, one attendee said. The event showcased both if-you-know-you-know brands and iconic ones like Rolex, Cartier, and Hermès. Watch enthusiasts descended on New York City in…

If this October feels extra spooky, it might be because the government promptly shut down when the new month arrived.Republicans and Democrats were unable to agree on a path forward for funding the government past September 30, instead allowing funding to lapse. It’s now unclear how long a shutdown will last, or what it may mean for some federal workers in job limbo.Americans may feel the repercussions of a shutdown on their next park outing or plane trip. For those receiving government benefits, the shutdown might mean some delays or customer service snafus, but checks should still come. Here’s what…

Affordable Care Act subsidies and Medicaid are hot topics central to Congress’ latest budget negotiations, and they were left unresolved at 12:01 a.m. on Wednesday morning.Expanded Affordable Care Act tax credits are set to expire at the end of the year, which could cause Marketplace insurance premiums to balloon. Democrats are calling for the credits — which were first passed by Congress during the pandemic — to be extended. They warn that, if the current spending bill that the House passed on September 19 goes through the Senate as is, health insurance could be disrupted for millions of Americans.”What we’re…

2025-10-01T16:26:39Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Goldman Sachs shared interior renderings of its new Dallas campus, which is set to open in 2028. The 800,000-square-foot building will have a dining terrace, natural touches, and a fitness center. Goldman is one of many banks building up its presence in Texas. When thousands of Goldman Sachs employees…

The timing of Neptune Insurance Holdings’ IPO couldn’t be more opportune.Neptune, the nation’s largest private flood insurance, debuts on the New York Stock Exchange Wednesday under the ticker symbol “NP.” The company sold more than 18 millions shares in its initial public offering at $20 apiece.The company’s first trade comes just as the U.S. government has shut down, meaning the National Flood Insurance Program (NFIP) isn’t accepting applications or processing new claims.”Neptune is open for business,” said Neptune chairman and CEO Trevor Burgess. “We can help the 1,300 people every day who are trying to close on their homes who…

Ford Mustang Mach-E and F-150 Lightning on display at the New York International Auto Show on March 28, 2024.Danielle DeVries | CNBCDETROIT – Sales of electric vehicles and large SUVs drove Ford Motor’s third-quarter sales up by 8.2%, the Detroit automaker reported Wednesday.Ford said sales of all-electric vehicles increased by 30.2% during the period to a new quarterly record of more than 30,600 units. Its “electrified” vehicles, including EVs and hybrids, increased 20% compared with the same period a year earlier.Sales of Ford’s SUVs increased nearly 10% during the quarter, including massive gains for its larger SUVs as well as the…