Xiaomi Just Did What Most EV Makers Can’t: Make Money
The smartphone maker’s electric vehicle division reported $98.5 million in gross profit last quarter. Xiaomi delivered over 100,000 EVs in Q3, up from 40,000 a year earlier.
Category: Business
Intuit just made a $100M bet on OpenAI’s ChatGPT
Intuit has committed over $100 million to integrate its financial apps like TurboTax and QuickBooks directly into ChatGPT. The multi-year deal will let users manage taxes, credit options, and business finances through OpenAI’s platform. This represents one of the most significant financial AI integr
Klarna’s $6.5 Billion Loan Deal with Elliott Fuels US Expansion
The Swedish fintech giant will sell up to $6.5 billion of loans to Elliott funds over two years. This forward flow agreement allows Klarna to originate new receivables while retaining consumer-facing functions like underwriting and servicing.
Gaming Pioneer Rebecca Heineman Dies at 62
Rebecca Heineman, co-founder of Interplay and key developer behind Fallout and Baldur’s Gate, has died at age 62. The gaming pioneer won the first national Space Invaders tournament in 1980 and went on to shape RPG history.
FTSE 100 Companies Exposed: Half Million Credentials Found Online
A new report reveals nearly half a million compromised credentials from FTSE 100 companies are circulating on cybercrime sites. Financial services firms were hit particularly hard, with over 70,000 credentials exposed. The findings highlight ongoing password security failures at even the most well-r
Black Friday 2025: Retail’s Ultimate Resilience Test
Black Friday 2025 is shaping up to be retail’s ultimate resilience test. With £4 billion in expected UK spending and cyber attacks timed to exploit peak pressure, retailers need coordinated systems to survive. Experts reveal how visibility, workforce flexibility, and secure infrastructure separate w
Frontline workers in the dark about workplace AI
A major survey of 1,500 frontline workers finds a massive transparency gap in how companies are rolling out AI. While 48% of workplaces use the technology, only 17% of employees say their employer was open about it. Workers are demanding to be part of the conversation.
Crypto’s Compliance Crunch Is Here
Crypto providers are caught between accelerating market demand and evolving compliance standards. A new report examines how institutions are balancing growth with regulatory requirements as digital assets become core to finance.
The TikTok Ban That Never Happened
Nearly a year after TikTok should have been banned in the US, the app remains widely available thanks to presidential intervention. The lawmakers who pushed the ban are now largely silent as the administration negotiates a questionable deal.
Chicago’s Old Stock Exchange Becoming a 33MW Data Center
Investment firms GI Partners and Legacy Investing are transforming the iconic Chicago Board Options Exchange building into a major data center. The 300,500 square foot property at 400 S. LaSalle Street will deliver 33MW of capacity with exceptional fiber density. The conversion represents a signific