Author: Editor

This as-told-to essay is based on a conversation with Daphne Tay, the founder of Singapore-based AI startup Bluente. Tay was a consultant at Bain & Company for five years. It has been edited for length and clarity.Bluente started in 2021. We raised our first round for a language learning product — very similar to Duolingo, but focused on the business side of things.Over time, that didn’t work out. Clients just want it done for them instead of learning the language.We pivoted and focused 100% on what we have raised today: Blu Translate, our flagship AI-powered document translation platform.We translate any…

New York State’s revenue could feel the impact of the new federal tax law as soon as next year unless it decouples its tax code from federal law, according to a report from State Comptroller Thomas DiNapoli. The “One Big Beautiful Bill Act” President Donald Trump signed earlier this year extends the tax cuts implemented in his first term and allocates billions of dollars to defense and immigration enforcement, while slashing funding for health-care programs, food assistance and clean-energy projects. “Many of the tax benefits in the federal legislation passed in Washington this summer will continue to go to those with higher…

For the vast majority of clients, individual retirement accounts with a lot of assets represent a great goal. But bigger is not always better.To the small number of wealthy families who are subject to an estate tax, two experts define a qualified retirement plan or an IRA that is around half or more of an estate as an “elephant IRA.” And they’re warning financial advisors and tax professionals that those families may be setting themselves up for a tax or penalty hit — even if they have a Roth IRA.”That brings in a whole host of other issues,” said Griffin…

Analysts have characterized the recent strength in the stock market as an AI rally, but flying under the Magnificent Seven’s radar is Walmart — a company so vast that it literally has its own weatherman.And as it turns out, the retail juggernaut’s scale and reach are proving to be tremendous assets in the AI race.That’s because most top AI companies — like OpenAI, Microsoft, Anthropic, or Meta — operate in a primarily virtual space, processing unfathomably complex rivers of information into more digital information. AI-adjacent companies like Nvidia, Intel, and Oracle focus on providing the physical infrastructure upon which the AI machines…

2025-09-15T17:24:17Z 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. Prices of groceries and housing are going up across the US. US News & World Report ranked all US states based on their affordability. It ranked Arkansas as the most affordable state in the US, and California as the least affordable. From groceries to housing, living is getting more…

The Internal Revenue Service has posted a draft version of Schedule 1-A, “Additional Deductions,” for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful Bill Act for no tax on tips, overtime, car loan interest and the enhanced deduction for senior citizens.The release of the draft form comes only a few weeks after the IRS released a draft version of the Form W-2, “Wage and Tax Statement,” which also contains some new fields and box codes for the tax exemptions on tips and overtime. The draft version of Schedule 1-A…

Micromanagement has plenty of critics. Under Armour CEO Kevin Plank isn’t one of them.Micromanagement is often viewed as a workplace boogeyman, a possible sign of bureaucracy, heavy-handedness, or an unwillingness to delegate. In the age of “founder mode” and in-the-details CEOs, the term’s stigma has arguably diminished.Plank, who founded Under Armour in 1996, thinks that leadership is about balance. On “In Depth with Graham Bensinger,” Plank espoused the 80/20 rule — and the virtues of staying on top of your employees.”I do believe in micromanagement at certain levels. I think it’s totally underestimated,” he said. “I want to get it right.”Plank…

President Donald Trump said companies should not be forced to deliver earnings reports on a quarterly basis, saying he preferred a six-month schedule he cast as saving businesses time and money. “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,'” Trump said in a social-media post on Monday, referencing the Securities and Exchange Commission. “This will save money, and allow managers to focus on properly running their companies.” Trump compared the U.S. reporting process to China, suggesting that Beijing had…

Welcome back! The older you get, the tougher it can be to bounce back from the weekend. But if Sam Altman’s startup gets its way, aging doesn’t necessarily mean decline. BI’s Hilary Brueck looked at how Retro Biosciences is developing a pill to clear out the “gunk” in your brain.In today’s big story, the consulting industry is on the cusp of a big overhaul, and the rest of the business world is likely to feel it.What’s on deck:Markets: Forget equity, this hedge fund just wants a cut of revenue from the tech companies it backs.Tech: It’s tech news, but treat…

New comments from the Trump administration suggest a TikTok deal could be imminent.A divest-or-ban law requires its China-based owner, ByteDance, to separate from its US app. The Trump administration has had discussions with ByteDance and potential bidders to find a path forward for TikTok.President Donald Trump and Treasury Secretary Scott Bessent signaled on Monday that they’d set up a framework for a TikTok deal following Bessent’s meeting with a Chinese delegation in Madrid.”The commercial terms have been agreed upon,” Bessent told reporters.Trump hinted at a possible TikTok deal on Truth Social, writing that “a deal was also reached on a ‘certain’ company…