Jeff Bezos. AP Photo/John LocheAmazon founder Jeff Bezos has backed at least three spatial intelligence startups this year. Spatial intelligence uses AI-powered robots to navigate freely within their environment. BI has compiled a list of which AI robotics startups Bezos has backed so far, per PitchBook. Jeff Bezos is joining a slew of top-tier investors, including Andreessen Horowitz and Khosla Ventures, by backing companies that are building robots capable of advanced reasoning and processing visual data.
David KostinDavid Kostin; Chelsea Jia Feng/BIDavid Kostin is seeing similarities to the dot-com bubble as "superstar" firms boost the market. Record-high market concentration will lead to a decade of weak returns, the strategist said. Kostin expects the S&P 500 equal-weighted index and mid-cap stocks to gain from a broadening market.
File images of North Korean soldiers broadcast in Seoul, South Korea. AP Photo/Ahn Young-joonNorth Korean troops have come under fire after joining Russia's war, Ukrainian officials said. US Secretary of State Antony Blinken said last week that 8,000 North Koreans had been sent to Kursk. The Pentagon says that North Korean troops engaged in combat would make them a fair target in the war.
Getty Images; Jenny Chang-Rodriguez/BIIn hours, polls will close in the 2024 presidential election. Kamala Harris and Donald Trump have fought over Pennsylvania, but both candidates have multiple paths. Here's what we're watching for. Election Day 2024 has arrived. Billions have been spent pushing voters to back specific candidates and causes.
Durian has become so popular in China that it's now the key ingredient to Pizza Hut's best-selling pizza in the country. Carlina Teteris/Getty Images and Costfoto/NurPhoto via Getty ImagesDurian pizza is now Pizza Hut's hottest pie in China, with Yum reporting 30 million sold this year. Yum China's CEO, Joey Wat, said on Monday the dish is now Pizza Hut's "No.
Unionized Boeing workers voted to accept a contract proposal after a seven-week strike. PATRICK T. FALLON/Getty ImagesUnionized Boeing workers on Monday voted to accept a contract proposal, ending a seven-week strike. The deal increases pay by 38% over four years and gives workers a bonus for ratifying the contract. A Bank of America analyst estimated Boeing lost about $50 million a day due to the strike.