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Retail
French luxury powerhouse Hermès announced it will increase prices in the U.S. starting May 1, as it moves to offset the financial impact of President Donald Trump's newly imposed tariffs. The decision comes as the luxury brand seeks to absorb the 10% universal import duty levied by
E-commerce
In a twist few could have predicted, U.S. tariffs on Chinese imports — intended to curb China’s economic advantage — are helping Chinese e-commerce apps soar in the American market. The latest beneficiaries? DHgate and Taobao, two apps now dominating the iPhone App Store’s top free charts in the
E-commerce
Temu and Shein, two of the fastest-growing e-commerce platforms in the U.S., are preparing to raise prices for American customers starting April 25th. The change comes in response to former President Donald Trump’s new round of tariffs targeting goods shipped from China. Under the updated policy, a staggering
Transportation
New York City: a place where you can grab a dollar slice at 2 a.m., get McDonald’s delivered in under 30 minutes, and still spend two hours stuck in traffic trying to catch a flight. Archer Aviation wants to flip that narrative — not by fixing the roads, but
Artificial Intelligence (AI)
OpenAI is in advanced discussions to acquire Windsurf, an AI-assisted coding tool formerly known as Codeium, for approximately $3 billion, according to a person familiar with the matter. If completed, the acquisition would mark OpenAI’s largest deal to date and a major strategic move in the competitive landscape of
Artificial Intelligence (AI)
Just two days after unveiling GPT-4.1, OpenAI has dropped a surprise: two entirely new AI models, o3 and o4-mini — and they might just change the game. Introducing o3: The Pinnacle of AI Reasoning OpenAI describes o3 as its most advanced reasoning model yet. It shines in coding, math, and
Design
Cloud-based design platform Figma has taken the first formal step toward becoming a public company, confidentially filing for an initial public offering (IPO) in the United States. The move comes more than a year after its planned $20 billion acquisition by Adobe fell through due to regulatory opposition in the
Media
Patreon is stepping directly into Twitch territory with the launch of a native livestreaming feature, allowing creators to host live video directly on the platform for the first time. Starting this week, select creators will get early access to the feature, with a broader rollout planned for summer 2025. The
Transportation
Lyft has announced its first foray into the European market with a $197 million cash acquisition of FREENOW, a leading multi-mobility platform headquartered in Germany. The deal, which will see Lyft acquire FREENOW from BMW and Mercedes-Benz Mobility, marks a strategic turning point for the U.S.-based ride-hailing company.
Artificial Intelligence (AI)
In a bold move that further cements its position as a leader in immersive digital experiences, Infinite Reality (iR) has announced the acquisition of agentic AI pioneer Touchcast in a $500 million cash and stock deal. The announcement comes just weeks after iR’s $207 million acquisition of Napster, signaling
Media
OpenAI, the company behind ChatGPT, is reportedly developing its own social media platform—an ambitious move that could place it in direct competition with Elon Musk’s X and Meta’s Facebook and Instagram. The project is still in its early stages, but there’s already an internal prototype in
Travel
In a significant move that reflects a broader industry trend, American Airlines has announced it will begin offering complimentary inflight Wi-Fi to its AAdvantage loyalty program members starting in January. Sponsored by AT&T, this initiative aligns American with other major U.S. carriers that are moving toward making