Grubhub Confirms Data Breach Following Extortion Claims

Grubhub has confirmed a data breach involving unauthorized access to its internal systems, amid claims of extortion from the ShinyHunters hacking group demanding Bitcoin payments to prevent the release of stolen data.

Food delivery platform Grubhub has officially acknowledged a recent data breach after unauthorized individuals accessed parts of its internal systems. This confirmation comes as sources report that the company is facing extortion demands related to the stolen data.

In a statement to BleepingComputer, Grubhub indicated that it quickly detected and halted the unauthorized activity. “We’re aware of unauthorized individuals who recently downloaded data from certain Grubhub systems,” the company stated. “We quickly investigated, stopped the activity, and are taking steps to further increase our security posture.”

While Grubhub assured that sensitive information such as financial details and order history was not compromised, the company did not provide additional information regarding the timing of the breach or the extent of customer data involved. Furthermore, it has not confirmed whether it is currently being extorted.

Grubhub has engaged a third-party cybersecurity firm and notified law enforcement about the incident. However, the company has remained largely silent on further details, raising concerns given its recent security history. Just last month, Grubhub was linked to scam emails sent from its own b.grubhub.com subdomain, which promoted a cryptocurrency scam that promised large returns on Bitcoin investments. Grubhub stated that it contained the incident and blocked further unauthorized emails but did not clarify if this event is related to the current breach.

According to multiple sources cited by BleepingComputer, the ShinyHunters hacking group is allegedly behind the extortion attempt. The group has not publicly commented on these claims and did not respond when contacted. Sources indicate that the attackers are demanding a Bitcoin payment to prevent the release of stolen data, which reportedly includes older Salesforce records from a breach in February 2025, as well as newer Zendesk data taken during the most recent intrusion. Grubhub utilizes Zendesk for its online customer support system, which handles order issues, account access, and billing questions, making it a significant target for attackers.

Investigators believe that the breach may be connected to credentials stolen during previous Salesloft Drift attacks. In August 2025, threat actors exploited stolen OAuth tokens from Salesloft’s Salesforce integration to access sensitive systems over a 10-day period. A report from Google Threat Intelligence Group, also known as Mandiant, noted that attackers used this stolen data to launch subsequent attacks across multiple platforms. “GTIG observed UNC6395 targeting sensitive credentials such as AWS access keys, passwords, and Snowflake-related access tokens,” Google reported. ShinyHunters has previously claimed responsibility for this campaign, asserting that it stole approximately 1.5 billion records from Salesforce environments linked to numerous companies.

Even though Grubhub maintains that payment data and order history were not affected, support systems often contain personal information. Names, email addresses, and account notes can be sufficient to fuel phishing attacks or identity scams. This incident underscores how older breaches can continue to inflict damage long after the initial attack, as stolen credentials that are not rotated remain a potent entry point for threat actors.

For users of Grubhub or any online delivery service, there are several proactive steps that can be taken to mitigate risks following a breach. First, it is advisable to change your Grubhub password immediately and ensure that it is not reused across other accounts. Reused passwords can provide attackers with an easy pathway into additional accounts. Utilizing a password manager can assist in creating strong, unique logins and securely storing them.

Next, check if your email has been exposed in past breaches. Many password managers include a built-in breach scanner that can verify whether your email address or passwords have appeared in known leaks. If a match is found, promptly change any reused passwords and secure those accounts with new, unique credentials.

Enabling two-factor authentication (2FA) where available adds an additional layer of security when signing in, requiring a code sent to your phone or app. This can help prevent unauthorized access even if a hacker obtains your password.

Be vigilant for emails or texts referencing orders, refunds, or support issues. Attackers often leverage stolen support data to craft messages that appear urgent and legitimate. Avoid clicking links or opening attachments unless you are certain of their authenticity. Strong antivirus software can also help block malicious links and downloads before they cause harm.

Consider using a data removal service to minimize your online footprint. These services assist in removing personal details from data broker sites that attackers may exploit to build profiles. While no service can guarantee complete removal of your data from the internet, employing a data removal service can significantly reduce the information available to scammers.

Be cautious of any cryptocurrency offers associated with familiar companies. Grubhub’s previous link to scam emails promoting crypto schemes illustrates how frequently attackers exploit trusted names. Legitimate companies do not promise quick returns or pressure customers to act immediately.

Regularly monitor your Grubhub account for any unfamiliar activity. Watch for unexpected password reset emails, order confirmations, or support messages that you did not initiate. Attackers often test stolen data quietly before executing larger schemes.

As breaches continue to pose risks, Grubhub’s confirmation highlights the importance of transparency and rapid credential rotation. The lingering effects of past compromises can create new vulnerabilities, emphasizing the need for proactive measures to safeguard personal information.

This incident serves as a reminder of the ongoing challenges in cybersecurity and the necessity for vigilance in protecting personal data. As extortion-driven breaches become more prevalent, customers must remain informed and prepared to act to protect themselves.

For further details, visit BleepingComputer.

Netflix Surpasses 325 Million Subscribers Worldwide

Netflix has surpassed 325 million global paid subscribers, according to its latest shareholder letter, marking a significant milestone for the streaming giant.

LOS ANGELES, CA – Netflix has reached a remarkable milestone, surpassing 325 million global paid subscribers, as revealed in the company’s shareholder letter for the final quarter of 2025. This announcement comes as a surprise to many industry observers.

In its fourth-quarter earnings report, Netflix announced earnings of 56 cents per share on revenue of $12.157 billion, exceeding market expectations. The company’s revenue saw a year-over-year increase of 17.6 percent, largely attributed to the growth of its advertising-supported tier. For the entirety of 2025, Netflix reported advertising revenue exceeding $1.5 billion.

Netflix’s fourth-quarter operating income was reported at $2.957 billion, resulting in an operating margin of 24.5 percent. The net income for the quarter stood at $2.419 billion, showcasing the company’s strong financial performance.

Just three months prior, Netflix had projected a fourth-quarter profit of $2.355 billion on revenue of $11.96 billion, with expected operating income of $2.86 billion. This significant outperformance highlights the company’s ability to exceed its own forecasts.

On the content front, the highly anticipated release of ‘Stranger Things 5’ emerged as a key driver for Netflix during the fourth quarter. The viewership generated by the series, coupled with Netflix’s Christmas Day NFL games, contributed to what the company described as the largest single streaming day and month in U.S. history.

In addition to its subscriber growth, Netflix is currently in the process of acquiring Warner Bros. On January 20, the company revised its initial $83 billion offer to an all-cash bid, aligning its proposal with the structure of Paramount’s competing offer, which has been declined.

This latest development underscores Netflix’s ongoing strategy to expand its content library and enhance its market position in the competitive streaming landscape.

According to India-West, Netflix’s achievements in subscriber growth and financial performance reflect its successful adaptation to changing viewer preferences and its commitment to delivering compelling content.

Japan Likely to Delay Yen Intervention, Says Former BOJ Official

Japan may refrain from immediate yen intervention, as coordinated efforts with the U.S. have effectively stabilized the currency’s decline, according to a former Bank of Japan official.

Japan is likely to hold off on official intervention in the foreign exchange market for the time being, as recent coordinated efforts with the United States have already helped to halt the yen’s one-sided decline. This insight comes from Atsushi Takeuchi, a former official at the Bank of Japan (BOJ), who participated in Tokyo’s market interventions a decade ago.

Takeuchi noted that Friday’s suspected rate checks by the New York Federal Reserve were an extremely rare occurrence, indicating Washington’s commitment to collaborate with Japan in efforts to curb the yen’s sharp depreciation. “The presence of the U.S. made a huge difference as markets know they shouldn’t fight the Fed,” Takeuchi stated in an interview on Wednesday.

He explained that the primary goal of Japanese authorities is to prevent a sudden and steep decline in the yen, focusing more on the currency’s movements rather than specific exchange rate levels. “Now, with suspected rate checks keeping markets on edge and preventing yen bears from testing the currency’s downside, Japan probably doesn’t need to directly intervene,” he added.

Direct intervention to support the yen could inadvertently lead to a rapid appreciation of the currency, which might negatively impact stock prices. This is a concern for Japanese authorities, especially with Prime Minister Sanae Takaichi facing an election next month.

On Tuesday, the yen surged over 1% to a three-month high of 152.10 per dollar, spurred by speculation that the U.S. and Japan were conducting rate checks—an action often viewed as a precursor to official intervention. These rate checks followed a period when the yen approached the psychologically significant level of 160, a threshold that traders associate with an increased likelihood of yen-buying intervention.

Takeuchi remarked that the recent spikes in the yen’s value indicate that Japanese authorities have been successful in their psychological battle with the markets. “The biggest job of Japan’s top currency diplomat is to heighten and keep alive market fears of intervention,” he explained. “So far, Japan has succeeded in doing so.”

Historically, Japan has concentrated on preventing sharp increases in the yen that could harm its export-driven economy. However, since 2022, the focus has shifted toward defending the yen against excessive depreciation, which can lead to inflation and diminish consumer purchasing power.

Takeuchi, who participated in several yen-selling interventions from 2010 to 2012, currently serves as the chief research fellow at the Ricoh Institute of Sustainability and Business. His insights reflect a broader understanding of the complexities involved in managing currency fluctuations in a global economic landscape.

As Japan navigates these challenges, the collaboration with the U.S. and the strategic use of market psychology will likely play crucial roles in determining the future trajectory of the yen.

According to Reuters, the situation remains fluid, and market participants will be closely monitoring developments in both Tokyo and Washington.

EU Council President Displays OCI Card as India, EU Finalize Major Agreement

India and the European Union have finalized a landmark trade agreement, dubbed the “mother of all deals,” which is poised to reshape global commerce and strengthen political ties.

In a significant moment that intertwined global strategy with personal history, leaders from India and the European Union (EU) celebrated the conclusion of a landmark free trade agreement this week. Both sides have referred to the pact as the “mother of all deals.” This agreement, which has the potential to reshape trade flows affecting nearly one-third of the global economy, also produced an unexpected viral moment that captured widespread attention on social media.

During a summit held in New Delhi on Tuesday, the deal was finalized after years of stalled negotiations. The announcement drew international attention not only for its economic implications but also for the symbolism surrounding the agreement. The pact encompasses trade between India and the EU’s 27 member states, which together represent nearly 30% of global GDP and more than 1.8 billion people.

Negotiators have indicated that the agreement will significantly lower or eliminate tariffs on thousands of products, including automobiles, pharmaceuticals, textiles, machinery, and agricultural goods. Additionally, it includes provisions on services, digital trade, supply-chain resilience, and labor mobility—areas that have gained importance as governments seek alternatives to China-centric manufacturing networks.

Indian Prime Minister Narendra Modi hailed the agreement as a “transformational moment,” asserting that it would expand export opportunities for Indian manufacturers and small businesses while attracting new European investment. “This is not just a trade deal,” Modi stated. “It is a strategic partnership for the future.”

European Commission President Ursula von der Leyen echoed this sentiment, labeling the pact as “the mother of all deals” and emphasizing its geopolitical significance. European leaders have increasingly turned to India as a reliable partner amid economic uncertainty, energy shocks stemming from the war in Ukraine, and ongoing trade tensions with the United States.

Adding a personal touch to the summit, European Council President António Costa publicly displayed his Overseas Citizenship of India (OCI) card during his remarks, eliciting smiles from the audience and a surge of attention online. Costa, whose father was born in Goa during Portuguese rule, noted that the moment reflected his personal connection to India and the growing closeness between the two partners.

This gesture quickly went viral on social media, highlighting the human side of diplomacy at a meeting otherwise dominated by technical negotiations and economic forecasts. The reaction from Washington was swift and closely monitored. A senior aide to President Donald Trump publicly acknowledged that India appeared to gain significant advantages from the deal, particularly in terms of expanded access to European markets. This comment underscored concerns among some U.S. policymakers that major trade flows are increasingly bypassing American-led frameworks.

Trade analysts suggest that the agreement could reduce India’s dependence on U.S. and Chinese markets while providing European companies with a stronger foothold in one of the world’s fastest-growing economies. If ratified by national parliaments, preliminary estimates indicate that the pact could double EU exports to India within a decade.

For India, the deal represents both economic ambition and diplomatic leverage. For Europe, it offers market access, strategic balance, and a long-term partner in a shifting global order—all sealed with a handshake that blended policy, history, and personal identity.

According to The American Bazaar, this agreement marks a pivotal moment in international trade relations, setting the stage for future collaborations between India and the EU.

Gold and Silver Prices Surge in India: MCX Rates for January 27, 2026

Gold and silver prices in India remain elevated as of January 27, 2026, with gold reaching ₹1.62 lakh per 10 grams and silver nearing ₹3.75 lakh per kilogram amid ongoing market fluctuations.

On January 27, 2026, gold and silver prices in India exhibited a mixed trend following a significant rise in the previous week. Gold prices surged by 12% in January, while silver saw an impressive increase of over 18%. This upward movement has been attributed to global uncertainties, currency fluctuations, and robust demand within India.

Both precious metals recently reached record highs, with gold breaking the $5,000 per-ounce barrier for the first time, driven by heightened safe-haven demand amid escalating global tensions. However, after these peaks, both metals are now experiencing slight corrections, presenting investors with potential re-entry points.

As of today, the price of 24-carat gold stands at ₹16,195 per gram, while 22-carat gold is priced at ₹14,845 per gram. Silver prices have also seen an increase, with rates in Coimbatore reaching ₹375 per gram, equating to ₹3.75 lakh per kilogram.

Gold prices have shown volatility, hitting an all-time high earlier this week before experiencing a slight decline. Over the past week, gold has risen by approximately ₹1,690 per 10 grams, while silver has jumped nearly ₹40,000 per kilogram. Weekly trends indicate that gold has increased by about ₹12,170 per 10 grams, with silver rising roughly ₹45 per gram, reflecting a notable rally in bullion prices.

In Coimbatore, silver prices rose by ₹10 per gram in a single day, although some profit booking has been observed following consecutive daily gains. Despite this correction, global spot prices remain firm, and investor demand continues to be strong amid ongoing inflation concerns.

Gold futures on the Multi Commodity Exchange (MCX) remain close to their all-time highs, supported by a weakening rupee and a persistent search for safe-haven assets. Meanwhile, silver futures have displayed volatility due to increased industrial demand, particularly from the electronics and renewable energy sectors. Notably, industrial demand for silver has surged to 55% from below 40% a decade ago.

City-wise gold and silver prices in India are as follows:

Mumbai: 24K Gold: ₹16,195 per gram, 22K Gold: ₹14,845 per gram, Silver: ₹370–₹375 per gram.

Delhi: 24K Gold: ₹16,210 per gram, 22K Gold: ₹14,860 per gram, Silver: around ₹372 per gram.

Kolkata: 24K Gold: ₹16,195 per gram, 22K Gold: ₹14,845 per gram, Silver: near ₹370 per gram.

Bengaluru: 24K Gold: ₹16,195 per gram, 22K Gold: ₹14,845 per gram, Silver: ₹368–₹372 per gram.

Chennai: 24K Gold: ₹16,391 per gram, 22K Gold: ₹15,025 per gram, Silver: ₹375 per gram.

For investors, the current downturn in prices may present carefully considered buying opportunities. Gold serves as a hedge against inflation, while silver’s industrial applications offer a growth perspective. Analysts advise diversifying investments rather than making lump-sum purchases, especially given the uncertain outlook for global rates.

Several factors contribute to the daily fluctuations in gold and silver prices, including rising geopolitical tensions, a weakening rupee against the dollar, central bank gold accumulation, strong demand during festivals and weddings, and the growing industrial use of silver.

As the market continues to evolve, staying informed about price trends and market dynamics will be crucial for investors looking to navigate the complexities of gold and silver investments.

According to The Sunday Guardian.

8th Pay Commission Sparks Renewed Optimism Among Government Employees

The proposed 8th Pay Commission in 2026 is generating optimism among central government employees and pensioners as unions advocate for early approval to address rising living costs.

After months of uncertainty, the focus on the 8th Pay Commission for 2026 has intensified among central government employees and pensioners across India. With the cost of living steadily increasing, there is growing anticipation for changes that could enhance salaries and retirement benefits. Recent reports indicate that employee unions and government staff organizations have submitted important memorandums to authorities, urging the swift establishment of the commission. If the proposal progresses, it could lead to significant increases in pay, pensions, and overall financial stability.

The demand for the 8th Pay Commission has surged due to escalating living expenses and stagnant income growth in recent years. Employees argue that the current salary structures fail to reflect the realities of today’s costs. With rising prices for housing, healthcare, and essential goods, many households are feeling the financial strain. Staff associations maintain that a new pay revision is essential to ensure a decent standard of living for both current employees and retirees.

Multiple employee unions and federations have reportedly submitted detailed memorandums to the government. These documents include requests for the early formation of the commission, a fair fitment factor, and prompt implementation once approved. They also address outstanding concerns related to allowances and pension adjustments. The submission of these memorandums indicates that the issue is moving into a more formal stage, rather than remaining a mere discussion.

If the 8th Pay Commission receives approval, central government employees could see a noticeable increase in their salaries. Experts suggest that the new pay matrix may significantly enhance basic salaries, which would, in turn, boost overall take-home income. A higher basic pay would also positively influence other benefits, such as House Rent Allowance (HRA) and Dearness Allowance (DA). For many workers, this could alleviate financial pressures and assist in better future planning.

Retired employees are also closely monitoring the developments surrounding the commission. A revised pension system under the new commission could lead to increased monthly pension amounts, providing better support during retirement. Many pensioners currently grapple with rising medical expenses and daily living costs. An updated pension structure would help restore financial balance and offer greater security in their later years.

One significant topic of discussion is the fitment factor, which plays a crucial role in determining revised salaries and pensions. Employee groups are advocating for a higher fitment factor than that of the previous pay commission to ensure meaningful salary growth. Although the government has not released any official figures yet, expectations regarding this issue remain strong.

As of now, the central government has not officially confirmed the formation of the 8th Pay Commission. However, the acceptance of memorandums and ongoing internal discussions suggest that the matter is under review. Given that pay commissions involve substantial financial implications, the process typically requires time. Nevertheless, employees remain hopeful for a clear update in the near future.

Speculation continues regarding the timeline for the commission’s announcement. Some believe it could align with future budget sessions or major policy updates. Even if the commission is established in 2026, the implementation may take additional time due to the preparation of reports and necessary approvals. Despite this uncertainty, employee groups persist in their push for expedited action.

The 8th Pay Commission update for 2026 is a critical issue for millions of government workers and pensioners. While official approval is still pending, the submission of memorandums demonstrates strong intent and increasing pressure for change. A favorable decision could result in higher salaries, improved pensions, and enhanced financial confidence. For now, all eyes are on the government’s next steps, which will ultimately shape the future of public sector compensation.

According to The Sunday Guardian, the anticipation surrounding the 8th Pay Commission reflects the urgent need for adjustments in government employee compensation amidst rising living costs.

BOJ Data Indicates No Currency Market Intervention on Friday

Bank of Japan data suggests that recent fluctuations in the yen’s value against the dollar were not due to official intervention in the currency market.

TOKYO, Jan 26 (Reuters) — Recent data from the Bank of Japan (BOJ) indicates that a significant spike in the yen’s exchange rate against the dollar on Friday is unlikely to have resulted from any official intervention by the Japanese government.

On Monday, the BOJ’s projections for Tuesday’s money market conditions revealed a net outflow of funds amounting to 630 billion yen (approximately $4.09 billion). This figure surpassed brokerage forecasts, which anticipated a range of plus 100 billion yen to minus 300 billion yen. However, it remains below the levels typically associated with actual intervention efforts.

Shoki Omori, chief desk strategist at Mizuho Securities, noted that the projected treasury-related flows and the net changes in current account balances are significantly lower than the multi-trillion-yen figures usually linked to decisive intervention. He stated, “The size of the projected treasury-related flows and the net change in current account balances are well below the multi-trillion-yen magnitudes typically associated with decisive intervention once settlement effects appear.”

Omori further explained that the recent sharp fluctuations in the yen’s value were primarily driven by position adjustments, liquidity conditions, and an increased sensitivity to official signals, rather than by any actual deployment of reserves.

As of the latest exchange rates, $1 is equivalent to 153.92 yen.

This analysis sheds light on the dynamics of the currency market and the factors influencing the yen’s value, suggesting that traders and investors are reacting to market conditions rather than anticipating direct government intervention.

Reporting by Rocky Swift; Editing by Louise Heavens, according to Reuters.

Costco Hiring Software Engineer for Issaquah, Washington Office

Costco Wholesale Corporation is actively seeking a software engineer for its Issaquah, Washington office, offering competitive salaries and flexible work arrangements.

Costco Wholesale Corporation is on the lookout for a software engineer to join its team in Issaquah, Washington. The company announced the position through a post on Jobs.Now, indicating a need for a candidate who can develop conceptual systems architecture and the supporting technologies necessary for new and enhanced software functionality.

The role allows for telecommuting up to three days a week, provided the employee resides within commuting distance of Issaquah, Washington, Dallas, Texas, or Schaumburg, Illinois.

Compensation for the position ranges from $180,600 to $225,000, accompanied by a comprehensive benefits package. This package includes paid time off (PTO), medical, dental, and behavioral health coverage, employee assistance programs, healthcare reimbursement, and dependent care assistance plans. Additionally, employees are offered short- and long-term disability insurance, accidental death and dismemberment (AD&D) insurance, life insurance, a 401(k) plan, and stock purchase options.

Individuals interested in applying for the position can submit their applications via email to it-recruiting@costco.com, referencing Job H 10344.

Recently, Costco was recognized by Investopedia as one of the top five grocery stores in the U.S. for employee benefits. The publication highlighted the company’s commitment to ethical business practices, which are integral to its strategy for retaining quality employees.

In addition to offering a competitive salary, Costco is known for providing flexible working hours, a stock purchase plan, 401(k) matching, and excellent health and dental insurance for both full-time and part-time employees, according to Investopedia.

Other grocery stores that made the list alongside Costco include Trader Joe’s, which is noted for its competitive starting pay and opportunities for advancement; Whole Foods, known for generous health benefits and retirement plans; Publix, which offers employee stock options and promotes from within; and Wegmans, recognized for its outstanding employee benefits and career advancement opportunities.

A recent report by FinanceBuzz also highlighted some of the best jobs available at Costco, which include roles such as Deli Manager, Database Administrator, Unloader, Staff Pharmacist, Licensed Optician, Sales Manager, Senior Accountant, Business Architect, Food Court Manager, and System Administrator.

As Costco continues to expand its workforce, the company remains committed to providing a supportive and rewarding work environment for its employees, making it an attractive option for job seekers in the tech field.

For more information about the job opening, refer to Jobs.Now.

Adani Group Stocks Decline Amid Ongoing SEC Investigation

Shares of Adani Group companies plummeted between 5% and 13% amid an ongoing investigation by the U.S. Securities and Exchange Commission into allegations of bribery and fraud.

The Adani Group is facing scrutiny from the U.S. Securities and Exchange Commission (SEC), leading to a significant decline in its stock prices. On Friday, shares of various Adani Group companies fell between 5% and 13% as court filings revealed that the SEC is preparing to issue summons to founder Gautam Adani and his nephew Sagar Adani regarding charges of bribery and fraud.

In response to the allegations, the Adani Group has categorically denied any wrongdoing, labeling the accusations as baseless. The conglomerate has asserted its commitment to complying with all applicable laws in both India and abroad, and it plans to explore all legal avenues to defend itself against these claims.

The SEC’s investigation centers on allegations that Adani Group executives misled U.S. and international investors about the company’s adherence to anti-bribery and anti-corruption practices. This scrutiny comes in light of the group’s efforts to raise over $3 billion in capital to fund its energy contracts.

Gautam Adani, the founder and chairman of the Adani Group, is a prominent Indian billionaire industrialist. Born on June 24, 1962, in Ahmedabad, Gujarat, he began his career in the 1970s as a small-scale trader before transitioning into commodity trading. In 1988, he founded the Adani Group, which has since evolved into one of India’s largest conglomerates, with interests spanning ports, logistics, agribusiness, energy, and infrastructure.

Under Adani’s leadership, the group has emerged as a significant player in renewable energy, coal mining, and power generation. It operates India’s largest private port, Mundra Port, located in Gujarat. Adani is known for his aggressive expansion strategy, often targeting industries with high growth potential, such as solar energy, airports, and data centers.

Despite his success, Adani’s career has not been without controversy. He has frequently appeared on lists of the world’s wealthiest individuals, with Forbes ranking him among the top billionaires globally. However, his business practices have drawn criticism and legal scrutiny, including environmental concerns, regulatory issues, and allegations of financial misconduct.

Currently, Adani and several other defendants are accused of paying over $250 million in bribes to Indian government officials in order to secure solar energy supply contracts that could yield profits exceeding $2 billion.

The ongoing investigation into the Adani Group highlights the increasing global scrutiny that large multinational corporations face. Allegations of misconduct can significantly impact investor confidence, market stability, and corporate reputation, regardless of the eventual outcome.

This situation underscores the critical importance of transparency, governance, and adherence to both domestic and international regulatory standards, particularly for companies operating across multiple jurisdictions. It also illustrates how swiftly public perception can change in response to legal or regulatory developments, emphasizing the need for corporate strategies to be accompanied by robust risk management and compliance measures.

While aggressive expansion into high-growth sectors can provide competitive advantages, it also subjects companies to heightened scrutiny and potential reputational risks if oversight is perceived as lacking.

For policymakers and regulators, the Adani case exemplifies the complexities of cross-border enforcement and the necessity for coordinated oversight to protect investors and maintain fair markets. For business leaders, it serves as a reminder that sustainable growth relies not only on financial performance but also on ethical conduct and proactive engagement with regulatory bodies.

The resolution of such cases can set important precedents for corporate accountability and investor protection, influencing how companies, markets, and regulators interact in an increasingly interconnected global economy.

According to The American Bazaar, the Adani Group’s situation is a critical reminder of the challenges faced by multinational corporations in maintaining compliance and ethical standards amid rapid growth.

Web Skimming Attacks Target Major Payment Networks and Consumers

Researchers are tracking a persistent web skimming campaign that targets major payment networks, using malicious JavaScript to steal credit card information from unsuspecting online shoppers.

As online shopping becomes increasingly familiar and convenient, a hidden threat lurks beneath the surface. Researchers are monitoring a long-running web skimming campaign that specifically targets businesses connected to major payment networks. This technique enables criminals to secretly insert malicious code into checkout pages, allowing them to capture payment details as customers enter them. Often, these attacks operate unnoticed within the browser, leaving victims unaware until unauthorized charges appear on their statements.

The term “Magecart” refers to various groups that specialize in web skimming attacks. These attacks primarily focus on online stores where customers input payment information during the checkout process. Rather than directly hacking banks or card networks, attackers embed malicious code into a retailer’s checkout page. This code, typically written in JavaScript, is a standard programming language used to enhance website interactivity, such as managing forms and processing payments.

In Magecart attacks, criminals exploit this same JavaScript to covertly capture card numbers, expiration dates, security codes, and billing details as shoppers input their information. The checkout process continues to function normally, providing no immediate warning signs to users. Initially, Magecart referred specifically to attacks on Magento-based online stores, but the term has since expanded to encompass web skimming campaigns across various e-commerce platforms and payment systems.

Researchers indicate that this ongoing campaign targets merchants linked to several major payment networks. Large enterprises that depend on these payment providers face heightened risks due to their complex websites and reliance on third-party integrations. Attackers typically exploit overlooked vulnerabilities, such as outdated plugins, vulnerable third-party scripts, and unpatched content management systems. Once they gain access, they inject JavaScript directly into the checkout flow, allowing the skimmer to monitor form fields associated with card data and personal information. This data is then quietly transmitted to servers controlled by the attackers.

To evade detection, the malicious JavaScript is often heavily obfuscated. Some variants can even remove themselves if they detect an admin session, creating a false impression of a clean inspection. Researchers have also noted that the campaign utilizes bulletproof hosting services, which ignore abuse reports and takedown requests, providing attackers with a stable environment to operate. Because web skimmers function within the browser, they can circumvent many server-side fraud controls employed by merchants and payment providers.

Magecart campaigns simultaneously impact three groups: the online retailers, the customers, and the payment networks. This shared vulnerability complicates detection and response efforts.

While consumers cannot rectify compromised checkout pages, adopting a few smart habits can help mitigate exposure, limit the misuse of stolen data, and facilitate quicker detection of fraud. One effective strategy is to use virtual and single-use cards, which are digital card numbers linked to a real credit or debit account without revealing the actual number. These cards function like standard cards during checkout but provide an additional layer of security. Many people can access these services through their existing banking apps or mobile wallets, such as Apple Pay and Google Pay, which generate temporary card numbers for online transactions.

A single-use card typically works for one purchase or expires shortly after use, while a virtual card can remain active for a specific merchant and be paused or deleted later. If a web skimming attack captures one of these numbers, attackers are generally unable to reuse it elsewhere, significantly limiting financial damage and making it easier to halt fraud.

Transaction alerts can notify users the moment their card is used, even for minor purchases. If web skimming leads to fraudulent activity, these alerts can quickly reveal unauthorized charges, allowing cardholders to freeze their accounts before losses escalate. For instance, a small test charge of $2 could indicate fraud before larger transactions occur.

Using strong, unique passwords for banking and card portals can also reduce the risk of account takeovers. A password manager can assist in generating and securely storing these credentials. Additionally, individuals should check if their email addresses have been compromised in past data breaches. Many password managers include built-in breach scanners that alert users if their information appears in known leaks. If a match is found, it is crucial to change any reused passwords and secure those accounts with new, unique credentials.

Robust antivirus software can block connections to malicious domains used to collect skimmed data and alert users about unsafe websites. This protection is essential for safeguarding personal information and digital assets from potential threats, including phishing emails and ransomware scams.

Data removal services can also help minimize the amount of personal information exposed online, making it more challenging for criminals to match stolen card data with complete identity details. While no service can guarantee complete data removal from the internet, these services actively monitor and systematically erase personal information from numerous websites, providing peace of mind and reducing the risk of targeted attacks.

Regularly reviewing financial statements, even for small charges, is another prudent practice, as attackers often test stolen cards with low-value transactions. The Magecart web skimming campaign illustrates how attackers can exploit trusted checkout pages without disrupting the shopping experience. Although consumers cannot fix compromised sites, implementing simple safeguards can help reduce risk and facilitate early detection of fraud. Online payments rely on trust, but this campaign underscores the importance of pairing that trust with caution.

As awareness of web skimming grows, consumers may find themselves reconsidering the safety of online checkout processes. For further information and resources on protecting against these threats, visit CyberGuy.com.

Trump Imposes 10% Tariffs on Denmark and European Allies Amid Greenland Dispute

US President Donald Trump has announced a 10% tariff on imports from Denmark and several European allies, intensifying a geopolitical dispute over Greenland amid rising military tensions in the Arctic.

US President Donald Trump announced sweeping new tariffs on Denmark and several key European allies on Saturday, escalating a high-stakes geopolitical standoff linked to his long-running push for US control over Greenland. This move has sent shockwaves through transatlantic relations, raising concerns about potential trade retaliation, NATO unity, and the growing militarization of the Arctic.

In a post on his social media platform Truth Social, Trump stated that the United States would impose a 10 percent tariff on imports from Denmark and allied European countries starting February 1. The tariffs are set to increase sharply to 25 percent by June 1 if no agreement is reached.

“We have subsidized Denmark, and all of the Countries of the European Union, and others, for many years by not charging them tariffs, or any other forms of remuneration,” Trump wrote. “Now, after centuries, it is time for Denmark to give back — World Peace is at stake!”

The tariffs are directly tied to Trump’s ambition to acquire Greenland. He indicated that the tariffs would remain in effect “until such time as a Deal is reached for the Complete and Total purchase of Greenland.” The measures apply not only to Denmark but also to Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland.

Trump claimed that the US has sought to acquire Greenland for over 150 years, but Denmark has consistently refused. He argued that advancements in military technology and missile defense systems, which he referred to as “The Golden Dome,” have made American ownership of the Arctic territory strategically urgent.

“Because of modern-day weapons systems, both offensive and defensive, the need to acquire is especially important,” the president stated.

The announcement comes amid heightened military activity in the Arctic. Recently, troops from several European nations, including France and Sweden, arrived in Greenland to participate in joint military exercises organized by Denmark. Copenhagen has also increased its military presence in and around the territory, citing security concerns.

“These countries, who are playing this very dangerous game, have put a level of risk in play that is not tenable or sustainable,” Trump wrote. “Therefore, it is imperative that strong measures must be taken so that this potentially perilous situation ends quickly, and without question.”

US officials have repeatedly argued that Greenland’s strategic location is essential for safeguarding American and allied interests against Russia and China, both of which have expanded their Arctic ambitions in recent years.

Earlier this week, US Vice President J.D. Vance and Secretary of State Marco Rubio held talks at the White House with Greenlandic Foreign Minister Vivian Motzfeldt and Danish Foreign Minister Lars Løkke Rasmussen. Rasmussen later described the meeting as a “brilliant opportunity” to exchange views but acknowledged sharp differences. “We share the challenges linked to the situation in the Arctic,” he told Fox News. “But we didn’t agree that it can only be achieved if the US conquers Greenland.”

Trump dismissed Denmark’s ability to counter Russian and Chinese influence in the region. “Only the United States of America, under President Donald J. Trump, can play in this game,” he wrote. “Nobody will touch this sacred piece of land, especially since the national security of the United States — and the world at large — is at stake.”

The administration has not ruled out the use of military force in Greenland, a stance that has drawn strong opposition from Denmark, European allies, and even some Republicans in Congress. Critics warn that such actions could fracture the NATO alliance at a time of heightened global instability.

Public opinion polls in the US have shown limited support for military action over Greenland, with many Americans questioning the economic and diplomatic costs of such a move.

Despite the hardline rhetoric, Trump stated that the US remains “immediately open to negotiation” with Denmark or other European countries, suggesting that tariffs could be lifted if talks move in Washington’s favor.

The tariff announcement marks one of the most aggressive steps yet in Trump’s renewed second-term push to reshape US alliances, trade relationships, and global security architecture. By explicitly linking trade penalties to territorial acquisition, the administration has blurred the lines between economic policy and geopolitical coercion — a move that analysts say could set a dangerous precedent.

As Europe weighs its response and markets brace for potential retaliation, the Greenland dispute is fast becoming a defining test of US–European relations in the Arctic age, where climate change, security, and great-power competition intersect, according to GlobalNetNews.

Indibar and Nadu Named Semifinalists for James Beard Best New Restaurant Award

Indibar and Nadu have been recognized as semifinalists for the 2026 James Beard Award for Best New Restaurant, highlighting the rising prominence of Indian cuisine in the United States.

NEW YORK, NY – The James Beard Foundation has announced its semifinalists for the 2026 James Beard Awards, and several Indian-inspired restaurants and chefs have garnered national recognition, showcasing the growing influence of Indian cuisine across the United States.

Among the nominees in the Best New Restaurant category is INDIBAR, a modern Indian establishment located in Arizona. The restaurant has gained attention for its innovative take on Indian street food, featuring a variety of inspired chaats, regional specialties, and contemporary dishes. Chef Partner Nigel J. Lobo, who has honed his skills in Michelin-starred kitchens across Europe, leads the culinary team alongside Chef Ajay Singh, an expert in tandoor cooking with international experience. The menu at Indibar highlights street-inspired chaats, tandoor preparations, and regional dishes that reflect the rich diversity of India’s culinary landscape.

Another notable contender is Nadu, which translates to “homeland” in English, led by Chef Sujan Sarkar. This restaurant emphasizes the regional cuisines of India, offering a menu that includes dishes such as Hyderabadi biryani, Kerala curries, Delhi street snacks, and coastal specialties from Goa. Nadu’s culinary approach combines traditional Indian spices with fresh, locally sourced ingredients, creating an authentic yet contemporary dining experience that celebrates the cultural and gastronomic breadth of India.

In addition to the restaurant nominations, Srijith Gopinathan and Ayesha Thapar have been recognized as semifinalists in the Outstanding Restaurateur category for their work at Ettan, Copra, and Eylan, with locations across Palo Alto, San Francisco, Los Altos, and Menlo Park, California. Their contributions to the culinary scene have been significant, further elevating the profile of Indian cuisine in the region.

Also honored in the Outstanding Restaurateur category are Meherwan Irani and Molly Irani of the Chai Pani Restaurant Group, which operates Chai Pani and Botiwalla in Asheville, North Carolina. Their dedication to authentic Indian flavors and innovative dining experiences has earned them a loyal following and recognition within the industry.

The winners of the James Beard Awards will be celebrated at a ceremony on June 15 at the Lyric Opera of Chicago, marking a significant occasion for the culinary community.

As the recognition of these restaurants and chefs illustrates, Indian cuisine continues to make a substantial impact on the American dining landscape, blending tradition with innovation to create memorable culinary experiences. According to India West, this year’s nominations reflect a broader appreciation for the diversity and richness of Indian culinary traditions.

Indian-American CEO Vasudha Badri-Paul Launches AI Accelerator in East Bay

Vasudha Badri-Paul, founder and CEO of Avatara AI, discusses her transition from corporate life to launching an AI accelerator aimed at fostering innovation in California’s East Bay.

Vasudha Badri-Paul, the founder and CEO of Avatara AI, has embarked on an ambitious journey to reshape the landscape of artificial intelligence startups in California’s East Bay. After a lengthy corporate career, she is now focused on building an AI accelerator that aims to nurture the next generation of innovators.

In 2023, Badri-Paul established Avatara AI, a San Francisco-based firm dedicated to helping businesses design and manage AI solutions. She recognized the urgent need for companies to adapt to the rapidly evolving AI landscape. “AI is advancing at such a rapid pace that failing to continuously update your skills can leave you obsolete almost overnight,” she noted.

However, her decision to leave a stable corporate career was also influenced by the Bay Area’s unpredictable hiring environment. “I would say that the job lifespan in the Bay Area is two years, and it’s the same across sectors—corporate, tech, marketing, sales, everywhere,” she explained. With experience at major corporations like Pfizer, Microsoft, GE, Cisco, and Intel, Badri-Paul has witnessed firsthand the constant churn in the job market.

She elaborated on the challenges of this cycle, stating, “There is a constant churn. Reasons range from no funding to restructuring, and people are asked to leave every few years. This recurring cycle in the Bay Area job market that results in redundancies gets tiring after a while. Everyone is watching their back; there is no margin for humanity.”

Frustrated by this instability, Badri-Paul decided to take a bold step: “I took a hard stance and thought of building a company of my own.” As an early innovator in the AI space, she recognized the transformative potential of AI across various sectors. At Avatara, she oversees the development and deployment of AI solutions, focusing on responsible and ethical practices.

In addition to her work at Avatara, Badri-Paul is enthusiastic about the opportunities emerging in the East Bay region. She recently launched the Velocity East Accelerator, which she envisions as a catalyst for the future of AI in the area. “In California, Silicon Valley is where all the tech happens. It is the start-up empire. Despite this boom, some parts of Silicon Valley remain underrepresented, and we have been seeing a shift in the trend,” she stated.

Badri-Paul believes that the East Bay is on the verge of significant growth. “East Bay has kind of taken off,” she remarked. Through Velocity East, she aims to create a hub for innovation and entrepreneurship. As a long-time California resident, she has observed how migration patterns have spurred development in the region. “During Covid, a builder built about 20,000 homes in East Bay. A lot of migration happened during that time,” she noted.

Despite the influx of new residents, Badri-Paul observed a lack of formal support for startups in the area. “While there is a boom in newer residents, there was no formal atmosphere to nurture startups in the area, no Y Combinators—basically no ecosystem to help build ideas,” she explained.

With this vision in mind, she launched Velocity East, an AI accelerator based in San Ramon. Badri-Paul emphasized that the goal of the accelerator is not to replicate existing tech programs but to highlight the potential for groundbreaking AI companies to emerge from the East Bay. “We are talking about areas such as Fremont, Concord, as well as across Alameda and Contra Costa counties,” she said.

Velocity East is powered by The AI Foundry community and aims to accelerate early-stage AI startups through mentorship, resources, and access to capital. Badri-Paul added, “We also build bridges between East Bay innovators and the broader Bay Area ecosystem and create pathways for underrepresented founders to lead in AI.”

Her larger vision is to establish San Ramon and Bishop Ranch as legitimate hubs for AI innovation, shining a spotlight on the East Bay as a vital player in the tech landscape.

As Badri-Paul continues to navigate her entrepreneurial journey, she remains committed to fostering an environment where innovation can thrive, ensuring that the East Bay is recognized as a key contributor to the future of artificial intelligence.

According to The American Bazaar, Badri-Paul’s efforts represent a significant shift in the tech ecosystem, highlighting the importance of nurturing local talent and ideas.

Elon Musk Approaches $800 Billion Net Worth Following xAI Funding Success

Elon Musk is nearing an unprecedented $800 billion net worth following a significant funding round for his AI venture, xAI, which has sparked renewed interest in the billionaire’s financial empire.

Elon Musk is on the verge of achieving a historic milestone in global wealth, approaching the unprecedented net worth of $800 billion. This surge in wealth follows a substantial $20 billion private funding round raised by xAI, Musk’s artificial intelligence company, which is reportedly valued at $250 billion, as confirmed by Forbes.

This latest valuation marks a dramatic increase from the $113 billion figure Musk disclosed in March of last year, when he merged xAI with his social media platform X, formerly known as Twitter. Forbes estimates that this merger alone has increased the value of Musk’s 49% stake in xAI Holdings by approximately $62 billion, bringing his share to about $122 billion.

As a result, Musk’s total fortune is now estimated at around $780 billion, solidifying his position as the world’s richest person by a significant margin on Forbes’ Real-Time Billionaires List.

The explosive growth of xAI is occurring amid a fierce global race to dominate the artificial intelligence sector. Musk’s venture has been investing heavily in infrastructure, talent, and computing power. According to internal documents reviewed by Bloomberg, xAI burned nearly $7.8 billion in cash during the first nine months of 2024, highlighting the scale and ambition of its expansion.

Despite facing controversies surrounding its Grok chatbot, including criticism and legal challenges over the generation of fake images, investor confidence in Musk’s vision for AI remains strong. Industry observers note that xAI’s valuation reflects not only current technological advancements but also Musk’s proven track record of transforming high-risk ventures into dominant global players.

The recent funding round for xAI has also significantly benefited several high-profile investors. Saudi billionaire Prince Alwaleed bin Talal, one of Twitter’s earliest backers, is estimated to hold a 1.6% stake in xAI Holdings valued at around $4 billion, which has lifted his personal net worth to approximately $19.4 billion.

Other notable beneficiaries include Jack Dorsey, who now owns an estimated 0.8% stake worth $2.1 billion, and Larry Ellison, whose identical stake has pushed his fortune back above $240 billion. Ellison was a key contributor to Musk’s $44 billion acquisition of Twitter in 2022, a move that has since evolved into the broader xAI-X ecosystem.

While xAI is rapidly emerging as a core component of Musk’s wealth, his most valuable asset remains SpaceX. Musk’s 42% stake in the private rocket manufacturer is now valued at approximately $336 billion, following a recent valuation of $800 billion—double its estimated worth just months earlier.

Meanwhile, Tesla continues to be Musk’s second-largest holding. He owns 12% of Tesla’s common stock, in addition to substantial stock options, bringing the current value of his Tesla holdings to roughly $307 billion. This figure does not include Tesla’s controversial performance-based compensation package approved in November, which could ultimately grant Musk up to $1 trillion in additional stock if the company meets aggressive long-term targets.

Musk’s financial lead over other billionaires has reached staggering proportions. He is estimated to be $510 billion richer than the world’s second-wealthiest individual, Larry Page, whose net worth hovers around $270 billion. Only Ellison has briefly crossed the $400 billion threshold before, and even that gap has since widened dramatically.

To put Musk’s wealth into perspective, his stake in xAI alone now exceeds the entire estimated fortune of Michael Bloomberg, who ranks 16th on the global rich list.

Analysts suggest that Musk’s rise reflects a broader shift in global capitalism, where artificial intelligence, private space exploration, and vertically integrated technology empires are reshaping how wealth is created and concentrated. Whether Musk ultimately crosses the $800 billion mark may depend on future AI breakthroughs, regulatory pressures, and market sentiment, but few doubt that he has already redefined the upper limits of personal fortune.

As artificial intelligence, space exploration, and electric mobility converge under his expanding empire, Musk’s trajectory continues to blur the line between science fiction ambition and financial reality, marking a new chapter in the landscape of global wealth.

According to Forbes, Musk’s financial ascent is a testament to his innovative ventures and strategic investments.

Bay Area Literary Workshop SALA Invites New Writers to Participate

Bay Area’s SALA is launching a six-month mentorship program for emerging writers, offering guidance and support as they prepare for the SALA 2026 festival.

The South Asian Literature & Art Festival (SALA) is set to launch a transformative six-month mentorship program aimed at prose and poetry writers who are developing work for the upcoming SALA 2026 festival. This initiative, guided by acclaimed author and educator Dr. Nandita Dinesh, promises to be an enriching experience for new writers.

The mentorship program will feature two-hour monthly sessions from April through September 2026. These virtual group sessions will take place on the first Sunday of each month, from 10 AM to 12 PM PST. In addition to the group sessions, participants will also benefit from one-hour one-on-one consultations with Dr. Dinesh each month, providing personalized feedback and guidance.

Writers participating in the program will create pieces inspired by this year’s theme, “The Global Gaze, The South Asian Soul.” Those who attend at least nine of the twelve sessions will be eligible to present their work at SALA 2026 and compete for a jury-selected award. This unique opportunity allows emerging writers to hone their craft within a supportive community, receive expert feedback, and share their voices at one of the region’s premier literary festivals.

For those interested in learning more about the program, an information session will be held on Sunday, January 25, from 10 AM to 12 PM PST via Zoom. This session will provide potential applicants with further details about the mentorship experience.

Applications for the program can be submitted through an online form, with the deadline set for 11:59 PM PST on Saturday, February 28.

Dr. Nandita Dinesh, the program mentor, brings over two decades of experience in interdisciplinary arts-based research, responsive education, and project management. Her background includes leading arts and experiential education programs at various institutions, including UWC Mahindra College, UWC Dilijan College, UWC-USA, and San Francisco University High School. Currently, she serves as a National Faculty member at Project Based Learning Works.

Dr. Dinesh holds a PhD in Drama from the University of Cape Town in South Africa, an MA in Performance Studies from the Tisch School of the Arts at New York University, and a BA in Economics and Theater from Wellesley College. An alumna of the United World College movement, she has conducted community-based theatre projects across the Indian subcontinent, the United States, and several countries in Africa and Central America. In recognition of her contributions to the field, she received the Elliott Hayes Award for Outstanding Achievement in Dramaturgy from the Literary Managers and Dramaturgs of the Americas in 2017 and has published extensively across various genres.

For more information about Dr. Dinesh’s work and the mentorship program, interested individuals can visit the SALA website.

This mentorship program represents a significant opportunity for new writers in the Bay Area to develop their skills and connect with a vibrant literary community, according to India Currents.

U.S. Supports India-Singapore Submarine Cable Project for Enhanced Connectivity

The U.S. Trade and Development Agency has announced support for a submarine cable project linking India and Singapore, aimed at enhancing connectivity and security in Southeast Asia.

WASHINGTON, DC – On January 20, the U.S. Trade and Development Agency (USTDA) announced its backing for a proposed submarine cable system that will connect India with Singapore and key data hubs across Southeast Asia.

The planned cable route is set to link Chennai, India, with Singapore, while additional landing points are under consideration in Malaysia, Thailand, and Indonesia, according to USTDA.

As part of this initiative, USTDA has signed an agreement with SubConnex Malaysia Sdn. Bhd. to fund a feasibility study for the SCNX3 submarine cable system. This project is expected to serve approximately 1.85 billion people by enhancing digital infrastructure in the region.

The feasibility study aims to attract investment for the cable system and expand the capacity necessary for Artificial Intelligence and cloud-based services. USTDA emphasized that this effort will also help ensure the reliability and security of international networks while minimizing exposure to cyber threats and foreign interference.

The agreement was formalized during the Pacific Telecommunications Council 26 conference held in Honolulu, Hawaii.

SubConnex has appointed Florida-based APTelecom LLC to conduct the feasibility study. The study will encompass various aspects, including route design, engineering, financial modeling, commercialization planning, and regulatory analysis.

The SCNX3 submarine cable is designed to address the increasing connectivity challenges faced by India and Southeast Asia. USTDA noted that the rising demand for digital services, coupled with limited route diversity, has rendered existing networks susceptible to outages and security vulnerabilities.

By introducing new and resilient data pathways, the project is anticipated to enhance digital access and support the growth of Artificial Intelligence and cloud services. USTDA stated that the cable will provide a secure and reliable communications infrastructure for governments, businesses, and citizens throughout South and Southeast Asia.

Furthermore, USTDA highlighted that the feasibility study will promote the use of secure cable technology, safeguarding data flows from potential malicious foreign influences. This concern is increasingly relevant as undersea cables facilitate the majority of global internet and data traffic.

According to IANS, the initiative represents a significant step toward improving digital connectivity in the region.

Indian-American Anjeneya Dubey Appointed CTO of Imagine Learning

Anjeneya Dubey, an Indian American cloud and AI leader, has been appointed Chief Technology Officer at Imagine Learning to enhance its AI-driven educational solutions.

Anjeneya Dubey, a prominent Indian American leader in cloud and artificial intelligence, has joined Imagine Learning as Chief Technology Officer (CTO). In this role, he will focus on advancing the company’s Curriculum-Informed AI roadmap, which aims to enhance educator-trusted platforms that connect curriculum, insights, and educational impact.

Imagine Learning, based in Tempe, Arizona, is recognized as a leading provider of digital-first K–12 solutions in the United States. Dubey’s appointment is part of the company’s strategy to ensure that instructional rigor, educator trust, and adaptive innovation remain central to every product experience.

With over two decades of global experience in software engineering, AI innovation, and cloud platforms, Dubey brings a wealth of expertise to his new position. Most recently, he served as the Global Head of Platform Engineering at Honeywell, where he led engineering efforts for digital education platforms used across both K–12 and higher education sectors.

Leslie Curtis, Executive Vice President and Chief Administrative Officer of Imagine Learning, expressed enthusiasm about Dubey’s appointment. “As we build the next era of learning technology, we are investing in leadership that understands both the complexity of enterprise-scale systems and the nuance of classroom impact,” she stated. “Anj’s deep background in SaaS products, data and AI platforms, and developer productivity makes him the ideal leader to power our next wave of curriculum-aligned innovation.”

Dubey’s extensive experience includes building Software as a Service (SaaS) platforms and AI-powered delivery pipelines. He has overseen global cloud infrastructure across major platforms such as AWS, Azure, and Google Cloud Platform (GCP), and has led teams of over 400 engineers across five regions. His contributions to the field are further underscored by multiple patents in hybrid and multi-cloud architectures, as well as the design of platforms serving more than 21 million users in both educational and industrial domains.

In his own words, Dubey expressed excitement about joining Imagine Learning at a crucial time. “This role is a chance to shape how AI can responsibly enhance instructional outcomes, deepen personalization, and support the educators who drive student success every day,” he said. “Our goal is to bring meaningful technology to classrooms — not just automation, but intelligence that understands and elevates learning.”

Dubey’s appointment reflects a broader trend within the education industry, which is increasingly seeking executive talent from cloud-native and AI-forward organizations. Imagine Learning’s strategic move underscores its commitment to maintaining its position as a market leader focused on instructional quality and platform intelligence.

As CTO, Dubey will oversee Imagine Learning’s engineering, DevOps, AI/ML, and cloud teams. His initial initiatives will focus on strengthening the company’s curricula data pipeline, accelerating time-to-insight for educators, and enhancing product reliability for over 18 million students across the nation.

Dubey holds a Bachelor of Technology degree in Electronics and Communication from Madan Mohan Malaviya University of Technology in India, as well as an Executive Certificate in Business Administration and Management from the Mendoza College of Business at the University of Notre Dame.

This appointment marks a significant step for Imagine Learning as it continues to innovate and adapt in the rapidly evolving landscape of educational technology, according to a company release.

Josh Butt: Transforming the Ice Cream Industry with Global Flavors

Josh Butt, CEO of Cold Case Ice Cream, is transforming the ice cream industry with innovative flavors and a commitment to quality, aiming to redefine the dessert experience for consumers.

When Josh Butt, CEO of Cold Case Ice Cream, entered America’s competitive dessert market, he adopted a straightforward strategy: let the ice cream speak for itself. “Our hook is definitely our ice cream—full-fat, premium ingredients, and unique flavors,” he explains.

As Cold Case positions itself as a disruptive force in the ice cream category, the brand is already planning its next phase. Among the ideas gaining traction are globally inspired offerings, particularly Indian flavors such as mango, cardamom, and pistachio.

Reimagining one of the world’s most beloved desserts is no small feat. Based in Utah, Butt is determined to change the perception of ice cream from a simple mix of milk, cream, flavor, and sweetener to an indulgent experience crafted from superlative ingredients and deep expertise in food manufacturing. His goal is to elevate the way ice cream reaches consumers.

Initially launched as a direct-to-consumer product, Cold Case quickly became the top ice cream brand on DoorDash in every region it entered. This success has prompted the company to expand into retail operations.

Butt brings two decades of impactful leadership in the food industry to Cold Case. He began his career at Danone, overseeing quality control across 45 plants worldwide. He later joined Ventura Coastal, the largest citrus processor, and served as VP of Operations at Califia Farms, where he played a crucial role in growing company revenue from $300,000 to nearly $100 million by developing technology for almond milk production.

Before founding Cold Case Ice Cream, Butt led global operations at Crystal Geyser. His diverse background also includes building and successfully selling a solar and construction company for $104 million. Despite his varied experiences, Butt’s mission remains consistent: to deliver ridiculously delicious ice cream.

In an exclusive interview with The American Bazaar, Butt discusses his business strategies, revenue growth, and demand generation, while also exploring flavor inspirations like guava, pineapple mint, and cardamom mango.

Butt positions Cold Case as distinctly different from grocery-store ice cream. He identifies two key barriers to entry in the market: information and market share. “We have been eating ice cream for decades, which has slowly and intentionally gotten worse,” he notes. Major brands have developed methods to make ice cream cheaper, resulting in higher air incorporation, less cream, and more emulsifiers. “Many customers just don’t know that they are eating a substandard product,” he adds.

Cold Case aims to deliver ice cream that is as rich and indulgent as any that has come before it. “Our innovation team has the most fun jobs on the planet! Not only are they creating amazing and sometimes outrageous products, but naming them is literally just a non-stop laughing session,” Butt says. He emphasizes that each bite of Cold Case ice cream is designed to be a full immersion in decadence, featuring big chunks of cake, cookie, or honeycomb, all surrounded by full-fat cream perfectly flavored to match those pieces.

Butt also addresses the impact of limiting overrun—the amount of air added to the product—on production costs. “Overrun is essential to making ice cream smooth and scoopable,” he explains. However, many brands add excessive air to reduce costs, leading to a product that is less satisfying. “Part of what makes Cold Case Ice Cream so incredible is that we don’t cut corners or play tricks like this,” he asserts. While this approach results in higher prices compared to competitors, Butt believes it delivers a richer, more flavorful experience for customers.

Cold Case’s flavor offerings include unexpected ingredients such as goat cheese, rosemary, and popping candy. Butt discusses the balance between culinary risk and mass appeal as the brand scales nationally. “We were tired of the same variations of adding cookies, brownies, and caramel and calling it new,” he says. The goal is to deliver a delightful experience while taking calculated risks. For example, goat cheese and basil in ice cream may sound unappealing until balanced with sweet cream and fresh berry jam, creating a savory and delicious combination.

Logistical challenges also played a role in building Cold Case’s delivery model, which ships directly to consumers in evidence-style coolers. “The biggest hurdle by far is keeping it frozen,” Butt explains. The company has experimented with various packaging solutions and found that dry ice and insulated bags provide the best results.

As Cold Case expands nationally, Butt acknowledges the influence of immigrant-heavy markets on the brand’s flavor roadmap. Many immigrant communities gravitate toward intense, fruit-forward flavors tied to nostalgia and celebration. “Oh yes, it is, and we are having so much fun with it!” Butt exclaims. He notes that many team members have lived in diverse countries and have a deep appreciation for the cultures they serve, which directly influences their innovation.

For example, Butt mentions a major retailer in Mexico for whom they developed six flavors inspired by Mexican cuisine, including passion fruit guava and pineapple mint. He also reveals that Indian flavors are on the horizon, inspired by a local Indian restaurant whose chef has shared delicious recipes with the Cold Case team.

As Cold Case Ice Cream continues to grow, Butt remains committed to delivering a unique and indulgent ice cream experience that stands apart from the competition, all while exploring exciting new flavors that resonate with diverse audiences.

According to The American Bazaar, Butt’s vision is not just about ice cream; it’s about creating a memorable experience that celebrates culinary creativity and quality.

GTA 6 Release Date, Price, Characters, and Gameplay Details Revealed

Rockstar Games has officially announced that Grand Theft Auto VI will be released on November 19, 2026, featuring dual protagonists and a modern Vice City setting.

After years of speculation and anticipation, Rockstar Games has confirmed the release date for Grand Theft Auto VI (GTA 6). The highly awaited title is set to launch globally on November 19, 2026. This marks Rockstar’s return to the franchise after more than a decade since the release of Grand Theft Auto V.

GTA 6 will take players to a modern version of Vice City, promising a vast open world, dual protagonists, and a satirical exploration of contemporary American culture. The game is expected to redefine open-world gaming with next-generation visuals, deeper storytelling, and enhanced gameplay systems.

The release date for Indian players is expected to align with the global launch, as Rockstar typically follows a worldwide release model. Initially, the game was anticipated to be released sooner, but Rockstar decided to push the date back to ensure a polished and complete gaming experience.

While Rockstar has yet to officially announce the pricing for GTA 6 in India, industry estimates suggest that the standard edition could be priced between ₹5,999 and ₹9,000, reflecting the rising costs of AAA games. Special and deluxe editions may be available at higher price points, depending on in-game bonuses and additional content. Final pricing details are expected to be revealed closer to the launch date.

GTA 6 will feature two main protagonists: Lucia Caminos and Jason Duval. Lucia marks a significant milestone as the first female lead character in a mainline Grand Theft Auto game. Coming from a criminal background, she is driven by the desire to secure a better life. Jason Duval, her partner in crime, has a troubled past and becomes deeply involved in illegal activities alongside Lucia. Their narrative is inspired by a modern “Bonnie and Clyde” dynamic, focusing on themes of trust, survival, and ambition.

The game is being developed using the latest version of Rockstar’s RAGE engine, promising a significant leap in realism. Players can expect improved vehicle physics, smarter non-player character (NPC) behavior, and a more dynamic open world. The game world is designed to feel more alive, featuring dense crowds, realistic weather systems, and interactive environments. Rockstar is also expected to enhance player choice and immersion, although full gameplay details remain undisclosed.

GTA 6 will launch on PlayStation 5 and Xbox Series X|S. As of now, there is no official confirmation regarding a PC release. However, based on Rockstar’s previous release strategies, a PC version is likely to follow several months after the console launch.

Rockstar has cited the need for additional development time to meet its high-quality standards as the reason for the delay. The studio emphasized that GTA 6 aims to be its most ambitious project yet, both technically and narratively.

Set in modern-day Vice City, which is situated within the fictional state of Leonida and inspired by Florida, the game will extend beyond the city limits to include beaches, highways, suburbs, and rural areas. The storyline will offer a satirical take on contemporary American culture, social media, crime, and power, reflecting today’s world through Rockstar’s signature lens.

As anticipation builds for the release of GTA 6, fans are eager to see how the game will evolve the franchise and what new experiences it will bring to the open-world genre, according to The Sunday Guardian.

Prakash Maggan Named Chair of IHG Owners Association Global Board

Prakash Maggan, an Indian American hotelier and Principal & CFO of Rainmaker Hospitality, has been appointed Chair of the IHG Owners Association Global Board for 2026.

The IHG Owners Association, which represents the interests of over 5,000 owners of IHG Hotels & Resorts properties worldwide, has announced the appointment of Prakash Maggan as Chair of its Global Board of Directors for 2026. Maggan, who is also the Principal and CFO of Rainmaker Hospitality, brings a wealth of experience to this leadership role.

According to a news release from the Atlanta-based association, Maggan’s unique combination of financial discipline, operational expertise, and extensive involvement with the Association positions him well to guide key initiatives and advocacy efforts throughout the year.

The IHG Owners Association plays a crucial role in enhancing the returns on investment for its members by advocating on their behalf to IHG leadership regarding standards and initiatives that impact hotel operations and address broader challenges within the hospitality industry.

Maggan, a second-generation hotelier, credits his entrepreneurial roots and leadership style to his family’s background in the industry. He earned a degree in accounting from Transylvania University before pursuing legal studies at the University of Dayton School of Law. This educational foundation has been instrumental in shaping his strategic approach to managing and expanding his diverse hospitality portfolio.

Under his leadership, Rainmaker Hospitality has experienced significant growth, expanding from eight to 29 hotels across two states and employing a team of over 600 individuals. Maggan emphasizes the importance of collaboration and practical solutions in navigating the rapidly evolving hospitality landscape. “Hotel owners today are navigating a rapidly evolving environment, and the Association plays an important role in helping them stay competitive and informed,” he stated. “I’m looking forward to working closely with our members and IHG Hotels & Resorts to advance Strategic Plan initiatives that support long-term performance and growth for our hotels.”

Maggan has held several key volunteer positions within the Association, including serving on the Board since 2024, chairing the Technology Committee, and acting as vice chair of the Americas Regional Council. His contributions have been recognized as vital to the organization’s mission.

Steve Sickel, the newly appointed CEO of the IHG Owners Association, expressed confidence in Maggan’s leadership as he transitions into his own role. “Prakash brings a grounded, owner-focused perspective to the table,” Sickel remarked. “His operational understanding and strategic insight will be invaluable as we continue shaping the Association’s priorities and programs. I’m very much looking forward to working with him.”

In addition to his role in the hospitality sector, Maggan is active in his community. He serves on the Board of Trustees at Transylvania University and has volunteered with various local organizations, including the Kentucky Travel Industry Association and Providence Montessori.

The IHG Owners Association also announced its 2026 Global Board of Directors, which includes five Indian Americans: Asad Malik, Chair Elect & AMER Member at Large; Manish Patel, Secretary & AMER Regional Representative; Dhaval Brahmbhatt, AMER Member at Large; Shazma Charania, AMER Member at Large; and Ketan Patel, AMER Member at Large.

This new leadership structure aims to enhance the Association’s effectiveness in advocating for hotel owners and addressing the challenges they face in the hospitality industry, ensuring a strong future for IHG Hotels & Resorts.

For further details, refer to the original announcement from the IHG Owners Association.

Auraah Appoints Indian-American Formula 4 Driver Yana Kapoor as Brand Ambassador

Leading fragrance brand Auraah New York has appointed Indian American Formula 4 driver Yana Kapoor as its brand ambassador, highlighting her unique blend of racing talent and engineering expertise.

Auraah New York, a prominent fragrance and lifestyle brand, has announced the appointment of Indian American Formula 4 driver Yana Kapoor as its brand ambassador. This partnership aims to explore the intricate relationship between motion, presence, and layered expression through storytelling and content creation.

In a recent news release, Auraah expressed enthusiasm about collaborating with Kapoor. “Auraah is excited to partner with Yana Kapoor and to support her as she continues this next chapter of her journey,” the brand stated.

Kapoor, who shared her excitement on LinkedIn, noted, “Auraah is a fragrance and lifestyle brand built on layers and celebrates how they come together much like our own personal journeys. I am incredibly honored to represent such a beautiful concept and I look forward to many exciting moments ahead with Auraah on my journey to F1 Academy.”

As an emerging talent in the racing world, Kapoor is set to compete in a full Formula 4 season in 2026 with World Speed Motorsports, a team known for nurturing drivers on their path to Formula 1. Her journey includes participation in multiple championships as part of an accelerated development program.

Kapoor’s preparation for the F1 Academy involves rigorous open-wheel training. She has undergone Formula Renault training with former Formula 1 driver Allen Berg at Laguna Seca and has developed her skills through Jenson Button’s Radford Racing School.

Currently, Kapoor is focused on gaining valuable race experience through extensive testing and competition, including participation in the Lucas Oil Racing School Championship Series under IndyCar alumnus RC Enerson, as well as a full season in the Formula Pro USA F4 Championship with World Speed Motorsports.

Auraah’s release highlighted Kapoor’s unique approach to racing, stating, “Beyond competition, Yana brings an engineer’s mindset to her craft. She approaches racing with intellectual rigor, studying systems, mechanics, and structure alongside physical performance.”

The brand further elaborated on how Kapoor embodies its philosophy, “Yana embodies Auraah’s Embrace Your Layers philosophy in practice.” This philosophy emphasizes various layers that contribute to her success as a driver.

“There is the layer of discipline,” the release noted, “Years spent refining muscle memory, respecting limits, and learning control.”

“There is the layer of intellect,” it continued, “An engineer’s curiosity for systems, mechanics, and structure, and an understanding that mastery comes from knowing how things behave under pressure.”

Additionally, “There is the layer of presence. A return to center, again and again, regardless of outcome or expectation. And there is the layer of ambition. Quiet, forward-looking, and intentional,” Auraah stated.

Currently a Materials Engineering student at the University of Illinois Urbana-Champaign, Kapoor merges her elite motorsport performance with a solid technical foundation. “As a two-time KA100 Junior Champion with international racing experience, I thrive in high-pressure environments and approach racing with discipline, adaptability, and a data-driven mindset,” she explained.

Kapoor emphasized the importance of her engineering education, stating, “My engineering education enhances my understanding of vehicle dynamics, materials behavior, chassis performance, and tire characteristics, enabling me to translate on-track feedback into actionable engineering insights.”

Her passion lies at the intersection of engineering, performance optimization, and elite motorsport. “My long-term goal is clear: to earn a seat in the F1 Academy and compete at the highest level of open-wheel racing, representing the next generation of driver-engineers,” Kapoor concluded.

This collaboration between Auraah and Kapoor not only highlights the brand’s commitment to celebrating individuality and layered experiences but also showcases Kapoor’s dedication to her racing career and engineering pursuits, making her a fitting ambassador for the brand.

According to The American Bazaar, this partnership marks an exciting chapter for both Kapoor and Auraah as they embark on this journey together.

2026: Key Year for the Future of the Indian Economy

India is poised for significant economic transformation in 2026, following a series of structural reforms that could redefine its position in the global economy.

As global economic discussions increasingly focus on Asia, India has emerged as a pivotal player. By the end of 2025, India officially surpassed Japan to become the world’s fourth-largest economy in nominal GDP terms, a milestone confirmed by assessments from NITI Aayog and the International Monetary Fund.

Economists have characterized India’s current phase as a rare “Goldilocks moment,” marked by robust growth and relatively stable inflation. However, while 2025 signifies a symbolic achievement, policy experts argue that 2026 could be even more consequential, potentially shaping India’s economic trajectory for the next decade.

“This is not just about rankings,” a senior economist noted. “2026 represents the point at which years of structural reforms begin translating into durable, global-scale outcomes.”

Between 2020 and 2022, India implemented a series of deep structural reforms encompassing trade policy, manufacturing incentives, infrastructure investment, and tariff rationalization. Analysts at the Reserve Bank of India suggest that such reforms typically require three to six years before their full macroeconomic impact becomes evident. This timeline places 2025–26 at the center of the payoff cycle.

“These reforms were never designed for instant results,” a former policymaker explained. “Their real value lies in compounding effects — exports, productivity, and competitiveness rising together.”

The transformation of India’s economy rests on three major pillars: expanding trade access through Free Trade Agreements (FTAs), building export-ready domestic manufacturing capacity, and shifting from protectionism to strategic tariff openness.

India’s recent acceleration in trade diplomacy has significantly reshaped its global engagement. A key milestone was the India–Australia Economic Cooperation and Trade Agreement, which granted near-zero-duty access to most Indian tariff lines. Sectors such as textiles, leather, engineering goods, gems and jewellery, and processed food now enjoy preferential entry into a high-income market.

Equally significant is the India–UK Free Trade Agreement, widely viewed as a gateway to Europe. This deal lowers tariffs on industrial goods, expands access to IT and financial services, and reduces non-tariff barriers that have historically limited Indian firms.

Negotiations are also underway with the European Union, Gulf Cooperation Council, Canada, and several Latin American nations. If concluded by 2026, these agreements could provide India with preferential access to markets representing nearly 40% of global GDP.

“Trade agreements are no longer optional,” an export strategist stated. “They are the backbone of India’s next growth phase.”

However, trade access alone cannot drive exports without sufficient production capacity. To address this gap, India launched Production-Linked Incentive (PLI) schemes across key sectors starting in 2020.

Industries such as electronics, electric vehicles, pharmaceuticals, solar modules, and capital goods are now approaching optimal production scale, with several sectors expected to reach maturity by 2026. Data trends tracked by the Reserve Bank of India and global agencies indicate that manufacturing is contributing an increasing share to the Index of Industrial Production.

“As plants stabilize and scale up, India’s integration into global value chains will deepen,” said an industry analyst. “This is when competitiveness becomes structural, not cyclical.”

Infrastructure reforms are quietly reinforcing these gains. Initiatives such as PM Gati Shakti, Dedicated Freight Corridors, and port modernization have begun to reduce logistics costs, which have long been considered a drag on India’s export competitiveness.

Improved port-to-factory connectivity and faster turnaround times are gradually aligning India with East Asian efficiency benchmarks.

“Infrastructure doesn’t make headlines like GDP numbers,” a logistics expert observed, “but it determines whether growth is sustainable.”

India’s tariff strategy has also evolved. After a phase of import substitution between 2017 and 2020, policymakers have shifted toward selective tariff liberalization since 2024, particularly with FTA partners, while still maintaining protection for sensitive sectors such as agriculture and dairy.

This approach signals what analysts describe as “re-globalization on India’s terms”: openness without vulnerability.

India’s rise coincides with the global China+1 strategy, as multinational corporations diversify their supply chains. India’s combination of scale, democratic stability, skilled labor, and domestic demand has positioned it as a preferred alternative for manufacturing and investment.

According to global agencies, India is expected to remain the fastest-growing major economy, even as growth moderates slightly to around 6.6% in 2026 amid global uncertainties.

Despite the optimism, economists caution that 2026 represents an opportunity — not a guarantee. Risks include global slowdowns, stalled trade negotiations, infrastructure bottlenecks, and quality constraints in export goods.

“The difference between potential and performance is execution,” a policy analyst stated. “Consistency matters now more than ambition.”

In conclusion, the year 2026 represents a historic inflection point for the Indian economy. With reforms aligning across trade, manufacturing, infrastructure, and tariffs, India has a rare chance to consolidate its position as a global economic powerhouse.

However, success will depend on sustained reform momentum, institutional capacity, and quality-driven growth. As one senior official put it, “2026 is not destiny — it’s a test.”

How India navigates that test may define its economic and geopolitical standing for a generation, according to Global Net News.

Amway India Reports Increased Losses of Rs 74.25 Crore in FY25

Amway India reported a significant increase in losses for FY25, with total losses reaching Rs 74.25 crore, compared to Rs 53.38 crore in the previous year.

MUMBAI – Amway India has reported a widening loss for the financial year ending March 31, 2025. The company recorded a total loss of Rs 74.25 crore, up from a loss of Rs 53.38 crore in FY24.

According to financial data obtained from the business intelligence platform Tofler, Amway India’s revenue from operations decreased by 10.56 percent, falling to Rs 1,148.16 crore in FY25 from Rs 1,283.75 crore in the previous year.

In addition to the decline in revenue, the company’s total income, which encompasses other income sources, also saw a reduction of 9.2 percent, amounting to Rs 1,174.85 crore for the year.

Despite the drop in revenue, Amway India managed to implement cost-cutting measures. The company’s expenditure on advertising and sales promotion was significantly reduced by 40.6 percent, totaling Rs 36.20 crore in FY25.

Furthermore, the royalty payments made to its U.S.-based parent company, Alticor Global Holdings Inc., decreased by 15.7 percent, amounting to Rs 55.43 crore compared to Rs 65.74 crore in FY24.

Payments to Amway India’s sole selling agents also experienced a slight decline, decreasing by 2.73 percent to Rs 366.91 crore in FY25, down from Rs 377.22 crore the previous year.

Overall, the company’s total expenses decreased by 7.3 percent, totaling Rs 1,249.10 crore during the financial year.

Amway India operates as a wholly owned subsidiary of Alticor Global Holdings Inc., which is headquartered in Ada, Michigan. It is recognized as one of the largest direct selling companies globally, although the Indian subsidiary remains unlisted.

Segment-wise analysis reveals that Amway India experienced declines across all major product categories. The nutrition and wellness segment, the company’s largest, saw a revenue drop of 10 percent, bringing in Rs 703.58 crore in FY25.

The personal care segment, the second largest, faced a more pronounced decline of 13.6 percent, with revenues recorded at Rs 189.22 crore. Revenue from home care products also slipped by 2.65 percent to Rs 120.29 crore, while the beauty segment reported a 12 percent decrease, totaling Rs 96.59 crore for the financial year.

These financial results highlight the challenges faced by Amway India in a competitive market, as the company navigates through declining revenues while attempting to manage costs effectively, according to IANS.

Andreessen Horowitz Invests $3 Billion in AI Infrastructure Development

Venture capital firm Andreessen Horowitz has made a significant investment of $3 billion in artificial intelligence infrastructure, reflecting its confidence in the sector’s long-term growth potential.

Andreessen Horowitz, one of Silicon Valley’s most influential venture capital firms, is making a bold investment in the future of artificial intelligence (AI), but its approach diverges from the trends seen in the industry.

Commonly referred to as a16z, the firm has committed approximately $3 billion to companies focused on developing the software infrastructure that supports AI. This investment highlights both a strong belief in the long-term growth of AI and a cautious stance regarding the inflated valuations that have characterized the industry in recent years.

In 2024, Andreessen Horowitz launched a dedicated AI infrastructure fund with an initial investment of $1.25 billion. This fund specifically targets startups that create essential tools for developers and enterprises, rather than the more glamorous consumer products dominating headlines. In January, the firm announced an additional investment of around $1.7 billion, bringing its total commitment to approximately $3 billion.

The focus of this fund is on what a16z defines as AI infrastructure. This includes systems that assist technical teams in building, securing, and deploying AI technologies. Key areas of investment encompass coding platforms, foundational model technologies, and networking security tools that are integral to the operation of AI systems.

This strategic move reflects a nuanced understanding of the current landscape, often referred to as the AI bubble. While soaring valuations have drawn parallels to previous tech booms, leaders at Andreessen Horowitz assert that the current frenzy obscures significant advancements occurring beneath the surface.

“Some of the most important companies of tomorrow will be infrastructure companies,” stated Raghuram, a managing partner at the firm and former CEO of VMware, in a recent statement.

The firm’s investment strategy is already yielding positive results. Several AI startups backed by Andreessen Horowitz have achieved lucrative exits or formed valuable partnerships. For instance, Stripe announced its acquisition of Metronome, an AI billing platform supported by the fund, for approximately $1 billion. Additionally, major tech corporations such as Salesforce and Meta have acquired other AI services backed by the firm.

One notable success story is Cursor, an AI coding startup whose valuation skyrocketed to about $29.3 billion last year, a remarkable increase from the $400 million valuation at the time of Andreessen Horowitz’s initial investment.

Despite these successes, concerns linger regarding the overall health of the industry. Critics argue that many private valuations are disconnected from sustainable business fundamentals, with some startups being valued as if they are poised to revolutionize entire sectors overnight.

Ben Horowitz, co-founder and general partner of Andreessen Horowitz, acknowledged that it is premature to draw definitive conclusions about the fund’s performance, which is typically assessed over a decade or more. Nevertheless, he described the fund as “one of the best funds, like, I’ve ever seen.”

The investment strategy is supported by a leadership team that brings a diverse perspective to the table. Martin Casado, a former computational physicist and seasoned coder who oversees the infrastructure unit, noted that while private valuations may appear “crazy,” the demand for AI-focused tools and services remains strong.

Industry analysts suggest that even if certain segments of the market experience a slowdown, a focus on foundational software—rather than merely trendy applications—could position Andreessen Horowitz favorably for the long term.

As the tech sector continues to evolve, the implications of this $3 billion investment will be closely monitored. Whether it will prove successful during a potential tech downturn or reshape how companies implement AI remains one of the most anticipated experiments in the industry.

According to The American Bazaar, Andreessen Horowitz’s strategic focus on AI infrastructure positions it uniquely within a rapidly changing technological landscape.

Novartis Appoints Indian-American Gayathri Raghupathy as Executive Director of AI and Process Excellence

Novartis has appointed Gayathri Raghupathy as Executive Director of Functional AI and Process Excellence, where she will leverage AI to enhance processes and focus on patient care.

Leading innovative medicines company Novartis has announced the appointment of Indian American scientist Gayathri Raghupathy as Executive Director of Functional AI and Process Excellence in U.S. Medical.

In her new role, Raghupathy will collaborate with cross-functional teams to harness artificial intelligence, reimagine critical processes, and scale intelligent solutions that prioritize science and patient care, according to a media release.

“Excited to share about joining Novartis,” Raghupathy expressed on LinkedIn. “I will be working with some amazing teams to harness AI, reimagine processes, and scale intelligent solutions that free us to focus on what matters most: science and patients.”

She also reflected on her career journey, stating, “Grateful for the journey from the lab to medical communications to building AI products in a startup environment, and for the incredible partners who helped shape this path. There’s so much to learn and grow into, and I can’t imagine a better place than Novartis, with its deep commitment to innovation and patients.”

Raghupathy describes herself as a “scientist turned AI strategist who loves turning fuzzy challenges into clear AI opportunities.” She emphasizes her focus on creating AI solutions that address real pain points, connecting various domains such as science, data, process, and operations to design scalable solutions.

“I thrive in fast-paced, 0-to-1 environments where experimentation and teamwork drive progress,” she noted. “Always curious, always learning, and excited about the next wave of human-centered AI in healthcare.”

Prior to her role at Novartis, Raghupathy spent over six years at Kognitic, Inc., a startup where she played a pivotal role in shaping the scientific and business strategy behind AI-enabled intelligence solutions. Most recently, she served as Chief Strategy Officer, having previously held positions such as Vice President of Scientific Strategy and Lead of Scientific & Business Strategy. Her work at Kognitic included driving product innovation, enhancing data quality processes, and collaborating with marketing and medical affairs leaders in the pharmaceutical sector to achieve comprehensive outcomes.

Earlier in her career, Raghupathy worked at BGB Group as a Medical Writer, where she supported scientific content development across various initiatives, including congress planning, promotional strategy, competitive intelligence, and digital education. She also created physician-facing materials and training assets for medical and commercial teams.

Raghupathy’s foundational experience includes co-founding CUNY Biotech and GRO-Biotech, community-led initiatives aimed at connecting life-science researchers with the biopharma ecosystem. Her academic background features a PhD in Molecular, Cell, and Developmental Biology from the Graduate Center at the City University of New York, where her research focused on gene regulation relevant to advancements in T-cell gene therapy.

As she embarks on this new chapter at Novartis, Raghupathy is poised to make significant contributions to the integration of AI in healthcare, ultimately enhancing patient outcomes and driving innovation in the medical field.

The information in this article is based on a media release from Novartis.

Can India and the USA Finalize a Trade Deal? Key Considerations

India faces significant challenges in negotiating a trade deal with the United States, as both nations navigate complex economic and political landscapes.

The potential for India to finalize a trade deal with the United States is a topic of considerable interest, particularly in light of the complexities involved in such negotiations. Trade expert Ajay Srivastava, in a recent article for the Business Standard, outlines the factors influencing the India-U.S. bilateral trade arrangement and the challenges that lie ahead.

Historically, the U.S. has pursued trade agreements primarily with countries whose security it guarantees, such as the United Kingdom, Japan, South Korea, and members of the European Union. Recently, on July 25, the U.S. and Indonesia agreed to a framework for a bilateral trade agreement, further emphasizing the U.S. preference for aligning with nations that share strategic interests. Other Southeast Asian nations, including Malaysia, Thailand, and Vietnam, have also been exceptions to this trend.

One of the key takeaways from Srivastava’s analysis is that U.S. free trade agreements (FTAs) are typically structured on American terms. This raises questions about the feasibility of a trade deal between Prime Minister Narendra Modi and former President Donald Trump, especially when significant policy issues remain unresolved.

The U.S. has specific demands that India must consider in any trade negotiations. These include:

1. Unrestricted access for U.S. agricultural products into the Indian market.

2. Allowing online platforms like Amazon to operate similarly to Indian companies such as Jio, which operate on a stock-based model.

3. Utilizing trade regulations as a means of political leverage, particularly concerning digital rules, data flows, and defense purchases.

4. Ensuring that data from U.S. digital companies is stored exclusively within the United States.

5. Pressuring India to refrain from purchasing oil and defense products from Russia.

On the other hand, India must also keep its own interests at the forefront of negotiations. With a population exceeding 1.4 billion, India represents a vast market for the U.S. and other countries. Despite its lower economic base, India is experiencing growth rates of 6 to 7 percent annually, making it an attractive destination for investment.

India boasts a significant pool of talent and labor that is increasingly sought after globally. U.S. investments in artificial intelligence, for instance, require access to Indian consumers, especially as American AI companies face restrictions in markets like China and Russia.

Moreover, India needs capital and technology that the U.S. can provide, while also considering the role of non-resident Indians (NRIs) who contribute billions of dollars to the Indian economy and support its resurgence.

However, there are concerns regarding the reliability of the U.S. as a defense partner. For example, issues surrounding the procurement of General Electric engines for the Tejas aircraft highlight the complexities involved in defense collaborations. Additionally, U.S. equipment tends to be costly and often lacks technology transfer agreements.

Indian IT firms, such as Tata Consultancy Services (TCS) and Infosys, generate substantial revenue from the U.S. market, indicating a mutual dependency between American companies and Indian service providers. Furthermore, the U.S. market is a significant destination for Indian exports, including gems, jewelry, shrimp, and textiles, underscoring the need for India to diversify its export portfolio.

India’s pharmaceutical exports to the U.S. primarily consist of generics, which help maintain lower prices for consumers. Any increase in tariffs could lead to higher consumer prices and inflation in the U.S. Additionally, the U.S. refinery capacity is more suited for processing heavier crude oil, which could create opportunities for India to supply lighter crude oil.

Robinder Sachdev, author of “Trumpotopia – A Guide to Decode Donald Trump,” emphasizes the importance of understanding negotiation tactics, particularly in high-stakes environments like New York’s real estate sector. Effective strategies include setting artificial deadlines, gaining insights into the other party’s motivations, and using media narratives to shape public perception.

As the U.S. administration under Trump seeks to negotiate directly with world leaders, it is crucial for India to approach these discussions with care. Avoiding public disputes with the U.S. President and allowing officials to handle negotiations at the bureaucratic or ministerial level could prove beneficial.

India may also consider importing modified corn and soybean varieties for ethanol production, while resisting U.S. pressure regarding tariffs. Despite the potential for increased duties, it is unlikely that the U.S. will impose higher tariffs on smartphones and generic pharmaceuticals.

Furthermore, India should continue to procure arms from Russia while exploring alternative oil sources beyond the Middle East. Re-establishing commercial ties with China could also be part of a broader strategy to enhance economic resilience.

As negotiations unfold, it is clear that the U.S. will continue to leverage its position until it achieves its objectives. India must remain steadfast, collaborating with the U.S. in areas of mutual interest while simultaneously seeking to expand its trade relationships with other nations.

Ultimately, the evolving landscape of international trade and geopolitics, particularly under the Trump administration, presents both challenges and opportunities for India. The outcome of these negotiations will depend on the ability of both nations to navigate their respective priorities effectively.

This analysis draws on insights from Ajay Srivastava’s article in the Business Standard.

OpenAI Introduces Advertising Features to ChatGPT Platform

OpenAI is set to introduce advertising in ChatGPT for U.S. users on its free and Go-tier plans, marking a significant shift in its revenue strategy.

OpenAI is preparing to test advertisements within ChatGPT, targeting users of its free version and the newly launched Go-tier plan in the United States. This initiative aims to alleviate the financial pressures associated with developing and maintaining advanced artificial intelligence systems.

The company announced on Friday that the ads will begin appearing in the coming weeks, clearly distinguished from the AI-generated responses that users receive. Users subscribed to OpenAI’s higher-tier plans—Plus, Pro, Business, and Enterprise—will not encounter these advertisements.

OpenAI emphasized that the introduction of ads will not affect the quality or integrity of ChatGPT’s responses. Furthermore, user conversations will remain confidential and will not be shared with advertisers.

This move represents a significant shift for OpenAI, which has primarily relied on subscription revenue up to this point. It also highlights the increasing financial challenges the company faces as it invests billions in data centers and prepares for a highly anticipated initial public offering.

Despite currently operating at a loss, OpenAI has projected that it will spend over $1 trillion on AI infrastructure by 2030. However, the company has yet to disclose a detailed plan for funding this extensive expansion.

Industry analysts suggest that advertising could become a vital new revenue stream for ChatGPT, which currently boasts approximately 800 million weekly active users. Nevertheless, they caution that this strategy carries inherent risks, including the potential to alienate users and diminish trust if the ads are perceived as intrusive or poorly integrated.

“If ads come off as clumsy or opportunistic, people won’t hesitate to jump ship,” warned Jeremy Goldman, an analyst at Emarketer. He noted that alternatives like Google’s Gemini or Anthropic’s Claude are readily available to users seeking ad-free experiences.

Goldman also indicated that OpenAI’s decision to incorporate ads could have broader implications for the industry, compelling competitors to clarify their own monetization strategies, particularly those that promote themselves as “ad-free by design.”

OpenAI has assured users that advertisements will not be displayed to individuals under the age of 18 and that sensitive topics, such as health and politics, will be excluded from advertising content.

According to the company, ads will be tested at the bottom of ChatGPT responses when relevant sponsored products or services align with the ongoing conversation. This approach aims to ensure that advertisements are contextually appropriate and minimally disruptive.

Advertisers are increasingly optimistic about AI’s potential to enhance results across search and social media platforms, believing that more sophisticated recommendation systems will lead to more effective and targeted advertising.

Additionally, OpenAI confirmed that its ChatGPT Go plan, initially launched in India, will soon be available in the U.S. at a monthly subscription price of $8.

This new advertising initiative marks a pivotal moment for OpenAI as it seeks to balance user experience with the need for sustainable revenue growth, navigating the challenges of an evolving digital landscape.

For more details, refer to American Bazaar.

CNN Poll: Majority of Americans Believe Trump Is Misfocused Amid Economic Anxiety

Public sentiment towards President Trump has turned negative as economic anxiety rises, with a recent CNN poll revealing that many Americans believe he is prioritizing the wrong issues.

Public sentiment toward President Donald Trump has shifted significantly during his first year back in the White House, according to a new national survey conducted by CNN in partnership with SSRS. The poll reveals a challenging landscape for both the president and the Republican Party as they approach a pivotal midterm election cycle. A majority of Americans feel that Trump is focusing on the wrong priorities and is failing to adequately address the rising cost of living.

The survey indicates that 58 percent of Americans view Trump’s first year of his second term as a failure. This perception underscores a lack of positive momentum for the administration, particularly regarding the economy, which voters overwhelmingly identify as the nation’s most pressing concern.

When asked to identify the country’s top issue, respondents overwhelmingly chose the economy, with nearly double the support compared to any other topic. However, the poll suggests that Trump has struggled to convince the public that his policies are effectively improving economic conditions.

Views on the current economy remain largely unchanged from previous years, with only about 30 percent of Americans rating economic conditions as good. A notable decline has occurred in optimism about the future; just over 40 percent expect the economy to be in good shape a year from now, a decrease from 56 percent recorded just before Trump took office last January.

A majority of respondents, 55 percent, believe that Trump’s policies have worsened economic conditions, while only 32 percent think they have led to improvements. Nearly two-thirds of Americans feel that the president has not done enough to reduce the prices of everyday goods, highlighting the political risks posed by ongoing inflation and cost-of-living pressures.

This dissatisfaction is not limited to the general public; it extends into Trump’s own party. Approximately 42 percent of Republicans and Republican-leaning voters who identify with the Make America Great Again movement believe the president should be doing more to address rising prices, indicating unease even within his core base.

The poll also highlights a growing perception that Trump is disconnected from the concerns of ordinary Americans. Only 36 percent of respondents say he has the right priorities, a drop from 45 percent at the beginning of his term. Furthermore, only one-third of Americans believe he cares about people like them, marking the lowest rating of his political career in this regard.

Only 37 percent of Americans feel that Trump prioritizes the good of the country over his personal interests, and just 32 percent believe he understands the everyday problems faced by citizens. Even among those who approve of his presidency, more than a quarter express that he is out of touch with their daily struggles.

“Even if he is doing some good in areas, he comes across very self-seeking and shows a lack of caring about the common good of our citizens,” remarked an independent voter from Oklahoma who participated in the survey.

Concerns about Trump’s leadership capacity persist. Fewer than half of respondents believe he has the stamina and sharpness to serve effectively, and only 35 percent express pride in having him as president.

Trump’s overall job approval rating currently stands at 39 percent, with perceptions of his presidency largely remaining in negative territory. While his approval was around 48 percent early in his second term, it fell sharply within the first 100 days and has since fluctuated between the high 30s and low 40s.

The poll reveals a familiar pattern: Trump retains strong loyalty among Republicans but struggles to expand his appeal beyond that base. Nearly nine in ten Republicans approve of his performance, and support among self-identified MAGA voters is nearly universal.

<p“He’s not perfect, but he’s actually getting results in what he’s doing,” stated a Republican respondent from Tennessee.

However, outside of this base, support for Trump is limited. His approval rating among independents is just 29 percent, and he receives almost no backing from Democrats. Approval has also declined among younger adults and Latino voters, with only 30 percent of each group expressing support, a significant drop from earlier in his term.

During his first presidency, Trump often enjoyed higher approval ratings for economic management compared to his overall ratings. Early in his second term, immigration briefly emerged as a relative strength and remains a key motivator for his supporters. Among those who approve of Trump, immigration is the most frequently cited reason for their support.

However, among the broader public, Trump now lacks a standout issue. His approval ratings across various policy areas—including the economy, immigration, foreign policy, health care, and federal government management—cluster tightly around his overall 39 percent mark.

Beyond economic anxiety, concerns about American democracy are also significant. A majority of Americans believe Trump has overstepped his bounds in using presidential and executive power, with this figure rising to 58 percent from 52 percent near the start of his term.

Most respondents also feel he has overreached in attempts to reshape cultural institutions and in cutting federal programs. Roughly half believe he has gone too far in altering how the federal government functions.

While many Americans still expect Trump’s presidency to bring significant change, the proportion who believe those changes will permanently reshape the country has declined. More voters now anticipate that the impact of his policies will diminish over time.

As the midterm elections approach, the poll underscores the central challenge facing Trump and his party: an electorate deeply concerned about the economy and increasingly skeptical that the president is focused on the priorities that matter most to them, according to CNN.

Rams Owner Stanley Kroenke Becomes Largest Private Landowner in U.S.

Stanley Kroenke, owner of the Los Angeles Rams, has become the largest private landowner in the United States after acquiring nearly 1 million acres of ranchland in New Mexico.

Stanley Kroenke, the owner of the NFL’s Los Angeles Rams, has made headlines by becoming America’s largest private landowner, as reported by The Land Report. This significant milestone follows his recent acquisition of nearly 1 million acres of ranchland in New Mexico from the Teledyne family, known for their industrial conglomerate.

With a total of 2.7 million acres, Kroenke’s landholdings surpass the size of Yellowstone National Park, equating to approximately 2 million football fields. This remarkable expansion of his portfolio marks the largest land purchase in the United States in over a decade, according to the trade publication.

Kroenke’s extensive portfolio includes vast ranches located in Texas, Montana, Nevada, Wyoming, and New Mexico. The recent acquisition of approximately 937,000 acres in New Mexico propelled him from fourth to first place in The Land Report‘s annual ranking of the nation’s 100 largest private landowners. This leapfrogged him over notable landowners such as the Emmerson family, as well as billionaire media moguls John Malone and Ted Turner.

His landholdings primarily consist of ranchland, much of which is utilized for cattle operations, wildlife management, and conservation efforts. Kroenke’s strategy blends traditional ranching with a long-term investment approach, viewing land as a valuable and appreciating asset. This trend of ultra-wealthy investors consolidating large parcels of land in the American West is becoming increasingly prominent, with Kroenke at the forefront.

Stanley “Stan” Kroenke, born in 1947 in Columbia, Missouri, is an American billionaire businessman renowned for his ventures in real estate, entertainment, and professional sports. He amassed his wealth through real estate development, particularly in retail and commercial properties, before expanding into ranching and large-scale land ownership. As of 2026, he owns more than 2.7 million acres of private land across the United States.

In addition to his real estate ventures, Kroenke is a significant figure in the sports industry. He owns several professional sports teams, including the Los Angeles Rams (NFL), the Denver Nuggets (NBA), the Colorado Avalanche (NHL), and the Colorado Rapids (MLS). His sports empire also extends internationally with holdings in Arsenal Football Club in England.

Kroenke’s ascent to the status of the largest private landowner in the United States underscores the increasing influence of ultra-wealthy individuals in shaping land ownership and management in the American West. His holdings not only reflect sheer scale but also represent a combination of strategic investment, conservation, and traditional ranching practices. This dynamic illustrates how private capital can significantly impact both economic and environmental landscapes.

Moreover, Kroenke’s extensive portfolio highlights broader trends in wealth concentration, where high-net-worth individuals consolidate large parcels of land. This consolidation can have far-reaching implications for local communities, wildlife management, and agricultural practices.

At the same time, Kroenke’s dual focus on sports and real estate exemplifies the diversification strategies employed by modern billionaires. By leveraging assets across multiple industries, he aims for long-term growth and sustainability.

As the landscape of land ownership continues to evolve, Kroenke’s position as the largest private landowner serves as a notable case study in the intersection of wealth, land management, and environmental stewardship.

His recent acquisition and its implications reflect a significant shift in how land is viewed and utilized in the United States, raising questions about the future of land ownership and its impact on various sectors.

For more insights on this topic, see The Land Report.

Trump’s Job Creation Promises: An Assessment of Progress So Far

President Donald Trump’s promises of job growth in the manufacturing sector have not materialized as expected, with employment declining since his “Liberation Day” announcement in April.

President Donald Trump’s ambitious promises regarding job creation for Americans appear to have fallen short. Since Trump declared “Liberation Day” in April, manufacturing employment has reportedly declined every month. At present, U.S. factories employ approximately 12.7 million workers, which is 72,000 fewer than when Trump made his announcement in the Rose Garden.

Economist Michael Hicks, director of the Center for Business and Economic Research at Ball State University in Muncie, Indiana, commented, “2025 should have been a good year for manufacturing employment, and that didn’t happen. I think you really have to indict tariffs for that.”

During Trump’s second term, his administration introduced a series of extensive tariffs on imported goods, particularly targeting China, the European Union, and other significant trading partners. The stated objective was to rebalance global trade in favor of American workers and stimulate domestic manufacturing by making imported goods more expensive, thereby encouraging U.S. production.

The White House frequently promoted these tariffs as a means to create new jobs in manufacturing and related sectors. However, as of early 2026, U.S. manufacturing employment stands at approximately 12.7 million workers, reflecting a decrease of 72,000 jobs since the tariffs were implemented.

Reports indicate that manufacturing employment has consistently declined in each month following the rollout of the tariffs, suggesting that the anticipated job gains have not occurred on a broad scale. Hicks argues that the tariffs may have inadvertently increased costs for businesses, slowed production, and limited job growth.

Small and midsize businesses seem particularly affected by the tariffs. A November survey conducted by the Federal Reserve Bank of Richmond revealed that 57% of midsize manufacturers and 40% of small producers expressed uncertainty regarding their input costs due to the tariffs.

The unpredictability surrounding which goods would be taxed, along with fluctuating rates, has created planning challenges for companies. This uncertainty often translates into hiring freezes or delayed expansion efforts.

While some industries, such as domestic steel production, have experienced modest gains, these improvements are largely offset by job losses or stagnation in other sectors that rely on imported components. For instance, agricultural exports have suffered due to retaliatory tariffs imposed by other countries, adversely affecting rural employment.

Analysts note that isolating overall employment gains directly attributable to tariffs is challenging, as multiple economic factors—including automation, shifts in global supply chains, and pandemic recovery—also influence job numbers.

The experience with tariffs highlights a broader lesson: economic policies rarely operate in isolation. Even well-intentioned measures aimed at bolstering domestic industries can yield unintended consequences when global supply chains, trade partners’ responses, and market dynamics interact in complex ways.

Companies may respond to these challenges by shifting production, delaying investment, or restructuring operations, which can limit the immediate impact on employment. This case underscores the difficulties governments face in balancing protectionist strategies with sustainable economic growth in an interconnected global market.

As the situation continues to evolve, the effectiveness of Trump’s tariff policies in achieving their intended goals remains a subject of debate among economists and industry leaders alike, according to American Bazaar.

Taiwan Plans $250 Billion Investment in U.S. Semiconductor Manufacturing

Taiwan has committed to investing $250 billion in U.S. semiconductor manufacturing, aiming to enhance domestic production capabilities and reduce reliance on foreign supply chains.

The U.S. Department of Commerce announced on Thursday that Taiwan will invest $250 billion to bolster semiconductor manufacturing in the United States. This significant deal, signed during the Trump administration, aims to enhance domestic production capabilities in a sector critical to both the economy and national security.

Under the agreement, Taiwanese semiconductor and technology companies will make direct investments in the U.S. semiconductor industry. These investments are expected to cover a range of areas, including semiconductors, energy, and artificial intelligence (AI) production and innovation. Currently, Taiwan is responsible for producing more than half of the world’s semiconductors, highlighting its pivotal role in the global supply chain.

In addition to the direct investments, Taiwan will provide $250 billion in credit guarantees to facilitate further investments from its semiconductor and tech enterprises. However, the timeline for these investments remains unspecified.

In exchange for Taiwan’s substantial investment, the United States plans to invest in various sectors within Taiwan, including semiconductor manufacturing, defense, AI, telecommunications, and biotechnology. The specific amount of this reciprocal investment has not been disclosed.

This announcement follows a proclamation from the Trump administration that reiterated the U.S. goal of increasing domestic semiconductor manufacturing. The proclamation emphasized that reliance on foreign supply chains poses significant economic and national security risks. “Given the foundational role that semiconductors play in the modern economy and national defense, a disruption of import-reliant supply chains could strain the United States’ industrial and military capabilities,” it stated.

Additionally, the proclamation introduced a 25% tariff on certain advanced AI chips and indicated that further tariffs on semiconductors would be considered once trade negotiations with other countries, including the deal with Taiwan, are finalized.

In 2025, semiconductor manufacturing has become a focal point of Trump’s economic agenda, with efforts aimed at reducing U.S. dependence on foreign chip production. The administration has proposed aggressive trade measures, including a potential 100% tariff on imported semiconductors, although companies that commit to establishing manufacturing facilities in the U.S. may be eligible for exemptions.

Last year, Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to invest $100 billion to enhance chip manufacturing capabilities in the United States, further underscoring the importance of this sector.

Semiconductors are essential components of modern technology, powering a wide array of devices, from smartphones and automobiles to telecommunications equipment and military systems. The U.S. share of global wafer fabrication has significantly declined, dropping from 37% in 1990 to less than 10% in 2024. This shift has largely been attributed to foreign industrial policies that favor production in East Asia.

As the U.S. seeks to reclaim its position in the semiconductor industry, the partnership with Taiwan represents a critical step towards enhancing domestic manufacturing capabilities and securing supply chains.

This initiative reflects a broader strategy to strengthen the U.S. economy and safeguard national interests in an increasingly competitive global landscape, according to The American Bazaar.

Indian Airlines Cancel U.S. Flights Following Iran’s Airspace Closure

Indian airlines are facing significant disruptions to long-haul flights to the United States following Iran’s abrupt closure of its airspace, resulting in cancellations and rerouted services.

Indian carriers operating long-haul international routes are experiencing major disruptions after Iran unexpectedly closed its airspace. This development has forced airlines to cancel flights to the United States and reroute several services bound for Europe. The situation has added further strain to global aviation networks already grappling with geopolitical instability in West Asia.

On Thursday, Air India cancelled at least three nonstop flights to the United States, including two services from Delhi to New York and Newark, as well as one flight from Mumbai to New York. Sources familiar with the situation indicated that these cancellations were made as the airline reassessed flight safety and operational feasibility in light of the airspace closure.

In a statement posted on social media, Air India acknowledged the disruption and emphasized that passenger safety was its primary concern. The airline stated, “Due to the emerging situation in Iran and the subsequent closure of its airspace, flights overflying the region are now using alternative routing, which may lead to delays. Some Air India flights where rerouting is not currently possible are being cancelled.”

Air India expressed regret over the inconvenience caused, describing the disruption as unforeseen and beyond its control.

Iranian airspace is a critical corridor for Indian airlines operating westbound routes, particularly long-haul flights to North America and Europe. With Pakistan’s airspace already unavailable to Indian carriers, airlines had increasingly relied on Iran as a key transit zone. The closure has now left airlines with limited alternatives for routing their flights.

One option is to route flights through Iraq’s airspace, but this significantly lengthens flight times. For ultra-long-haul routes to the United States, the added distance creates serious operational challenges. Sources have indicated that the extended routing results in fuel limitations, making it impossible for certain aircraft to complete nonstop journeys safely. Consequently, airlines have been forced to either cancel flights outright or explore technical stops, complicating schedules and crew logistics.

While some US services have been cancelled, flights to Europe are also being affected. Air India has indicated that several Europe-bound flights are being rerouted and may experience longer travel times and delays as aircraft avoid restricted airspace. With both Iranian and Pakistani airspace unavailable, westbound flights from India are now taking circuitous paths, which increases fuel burn, crew duty hours, and operational costs. Aviation analysts warn that prolonged restrictions could lead to schedule rationalization, fare volatility, and further cancellations if the situation persists.

The disruption is not limited to Air India. Budget carrier IndiGo has confirmed that some of its international flights have also been impacted by the sudden closure. IndiGo stated, “Due to the sudden airspace closure by Iran, some of our international flights are impacted. Our teams are working diligently to assess the situation and support affected customers by offering the best possible alternatives.”

Similarly, SpiceJet has cautioned passengers that certain services may be affected and advised travelers to stay updated on flight schedules.

The airspace shutdown comes amid escalating tensions between Iran and the United States, raising concerns that the situation could deteriorate further. Aviation experts note that airlines are particularly sensitive to developments in conflict zones, as airspace restrictions can be imposed with little notice. An aviation industry analyst remarked, “Airlines always err on the side of caution. When geopolitical risk rises, especially involving military posturing or potential conflict, airlines reassess routes immediately to protect passengers and crew.”

For passengers, the disruption has resulted in cancellations, delays, and rebooking challenges, particularly for those traveling to the US on time-sensitive itineraries. Airlines are offering alternate routings where possible, but limited options mean longer travel times and, in some cases, postponed journeys. If Iranian airspace remains closed for an extended period, airlines may be forced to reduce frequencies, deploy aircraft with different range capabilities, or introduce stopovers on routes that were previously nonstop.

Currently, Indian carriers are closely monitoring developments and coordinating with aviation authorities to minimize passenger inconvenience. However, with multiple airspace closures converging at once, the situation underscores how quickly global travel can be disrupted by geopolitical events far from departure and destination cities.

As tensions in the region continue to evolve, travelers are advised to check flight status regularly, allow extra time for connections, and remain flexible with their travel plans in the coming days, according to Global Net News.

Amazon Reports $475 Million Investment Lost Due to Saks Bankruptcy

Amazon’s $475 million investment in Saks Global has been deemed “presumptively worthless” following the retailer’s Chapter 11 bankruptcy filing, raising concerns over the future of their commercial partnership.

E-commerce giant Amazon announced on Thursday that its nearly $475 million equity stake in Saks Global Enterprises has become “presumptively worthless” after the luxury retailer filed for Chapter 11 bankruptcy. This development marks a significant downturn for one of Amazon’s most notable investments in the retail sector.

In court documents, Amazon urged a federal bankruptcy judge to block Saks’ proposed financing plan, arguing that the collapse of the luxury department store operator jeopardizes its investment and undermines the commercial partnership that brought Saks brands onto Amazon’s platform.

“Saks continuously failed to meet its budgets, burned through hundreds of millions of dollars in less than a year, and ran up additional hundreds of millions in unpaid invoices owed to its retail partners,” Amazon’s attorneys stated in filings submitted to the U.S. Bankruptcy Court in Houston. They contended that the proposed financing plan would burden the retailer with new debt and endanger unsecured creditors, including Amazon itself.

Amazon’s investment, made in late 2024, was linked to a commercial agreement that featured a dedicated “Saks at Amazon” storefront and a guarantee of at least $900 million in payments to the e-commerce giant over eight years. At the time, the deal was perceived as a strategic maneuver by Amazon to strengthen its presence in the luxury market.

However, Saks, which is the parent company of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, struggled to stabilize its finances. This instability led to an inability to maintain inventories and pay suppliers, as detailed in court documents and by restructuring officers. With approximately $3.4 billion in secured debt, the company stated it had no option but to seek Chapter 11 protection to restructure its obligations.

Late Wednesday, U.S. Bankruptcy Judge Alfredo Perez approved an initial $400 million tranche of Saks’ proposed $1.75 billion debtor-in-possession financing. This funding is intended to keep stores operational, suppliers paid, and employees on the payroll during the restructuring process, despite Amazon’s objections.

Saks’ chief restructuring officer, Mark Weinstein, informed the court that the initial funding is crucial for the company’s survival and confirmed that all stores remain open. He emphasized that the company’s challenges stemmed from cash shortages that hindered inventory replenishment, rather than a lack of customer demand.

Amazon’s legal team argued that Saks’ financing plan inappropriately uses the value of its flagship Manhattan store as collateral, despite previous commitments made to Amazon under their partnership agreement. They also indicated that they might pursue more aggressive court action, including the appointment of a trustee or examiner, if their concerns are not adequately addressed.

The bankruptcy of Saks represents a significant setback for traditional luxury retail and underscores the risks associated with complex strategic investments in an evolving market characterized by shifting consumer buying habits and increasing operational costs.

According to The American Bazaar, the outcome of this case could have far-reaching implications for both Amazon and the luxury retail sector as a whole.

Google Launches Program to Support Indian AI Startups Going Global

Google has launched a new Market Access Program aimed at helping Indian AI startups scale globally, coinciding with the projected growth of India’s AI market to $126 billion by 2030.

With India’s artificial intelligence (AI) market projected to reach $126 billion by 2030, Google has introduced a new Market Access Program designed to assist Indian AI startups in scaling their operations and expanding into global markets.

Announced during the Google AI Startups Conclave in New Delhi, the program aims to support startups from their initial seed stage to full-scale operations. Preeti Lobana, Vice President and Country Manager for Google India, emphasized the importance of this initiative, stating, “If you solve for India, you build for the world. Our focus now is accelerating how quickly Indian startups can scale, reach global markets, and deliver outcomes.”

Lobana noted that India’s AI startup ecosystem is entering a transformative phase, moving from prototypes to market-ready products and transitioning from early traction to sustainable business models. Google’s comprehensive support for startups encompasses capability building, real-world deployment, and scaling, addressing challenges at every critical stage of development.

The Market Access Program is specifically tailored for AI-first startups that are prepared to scale responsibly. It focuses on three key outcomes: enhancing enterprise readiness through global selling expertise, providing access to Google’s extensive enterprise network, and facilitating global immersion in key international markets.

To bolster the capabilities of these startups, Google also announced the upcoming Global AI Hub in Visakhapatnam. This facility, which will be powered by green energy and feature 1-gigawatt computing resources, is designed to equip startups with the high-performance computing necessary to refine their AI models on a global scale.

In addition to the Market Access Program, Google unveiled new updates to its Gemma model family, specifically targeting areas of rapid adoption in India, such as population-scale healthcare AI and action-oriented, on-device agents. The latest iteration, MedGemma 1.5, enhances Google’s health-focused AI initiatives by enabling developers to create applications that support complex medical imaging workflows.

The release of MedGemma 1.5 follows a collaboration between Google and the All India Institute of Medical Sciences (AIIMS), which is utilizing the model to develop India’s Health Foundation Models. This partnership contributes to the country’s Digital Public Infrastructure and enhances health outcomes across the ecosystem.

To support the growing demand for agent-based systems, Google introduced FunctionGemma, a specialized version of the Gemma 3 model. FunctionGemma is designed for function calling, allowing startups to translate natural language commands into executable actions. This capability enables the development of on-device, low-latency applications with automated workflows that prioritize user privacy and can function effectively on low-end devices without a constant internet connection.

Together, these advancements expand the toolkit available to Indian founders, facilitating the transition from experimentation to deployment across healthcare, enterprise, and consumer applications at scale. Lobana highlighted that these models are supported by popular tools throughout the development workflow, including Hugging Face Transformers, Unsloth, Keras, and NVIDIA NeMo.

Alongside the Conclave, Inc42 released the “Bharat AI Startups Report 2026,” which was supported by Google. The report reveals a significant shift in the AI ecosystem, with 47% of enterprises already moving from pilot projects to full production. It also notes a decrease in innovation costs, as historically high computing expenses have hindered Indian startups. With public resources lowering entry barriers, funding is increasingly directed toward product innovation rather than infrastructure costs.

India’s unique challenges, including its 22 languages, inconsistent connectivity, and price sensitivity, have often been viewed as obstacles. However, the report reframes these challenges as assets, suggesting that if an AI solution can effectively serve rural users in India, it is robust enough for global markets. The concept of “Bharat-tested” technology is emerging as a new benchmark for resilience.

The competitive landscape is shifting towards trust-by-design, with startups that prioritize safety, privacy, and security from the outset gaining a significant advantage in securing long-term enterprise contracts.

Ultimately, the success of AI initiatives will be measured by their outcomes. Examples include Cloudphysician, which has reduced ICU mortality rates by 40%, and Rocket Learning, which personalizes education for millions of students. Lobana concluded, “By stitching together skilling, capital, infrastructure, and market access, we are clearing the path for founders. As we look to the AI Impact Summit in February, the signal is clear: The future of AI isn’t just being used in India; it is being built here.”

According to Inc42, the launch of the Market Access Program marks a pivotal moment for Indian AI startups, positioning them to thrive in a rapidly evolving global landscape.

Avtar Singh Walia Recognized as Top Indian-American Restaurant Owner of the Year

Avtar Singh Walia has been honored as Top Restaurant Owner of the Year by the International Association of Top Professionals, solidifying his legacy in the realm of Indian fine dining.

In a momentous celebration of Indian cuisine in America, celebrated restaurateur Avtar Singh Walia received the prestigious title of Top Restaurant Owner of the Year from the International Association of Top Professionals (IAOTP) during a dazzling awards ceremony at the Bellagio Hotel in Las Vegas.

In addition to this accolade, Walia’s flagship restaurant, Tamarind Tribeca, was recognized as Top Restaurant of the Year 2025 by IAOTP, further affirming its status as a premier destination for refined Indian dining.

The annual gala, held in December 2025, brought together distinguished leaders and innovators from various industries to honor excellence, leadership, and long-term impact. For Walia, this recognition represents nearly four decades of dedication, innovation, and a steadfast belief in the global potential of Indian cuisine.

“It was truly humbling for me and my beloved restaurant, Tamarind, to be chosen as the top in the world from among the hundreds that were considered for this great honor,” Walia stated during his acceptance speech. “This recognition is a testament to Indian cuisine going mainstream across the globe.”

IAOTP honors only a select few professionals each year, evaluating candidates based on leadership, professional excellence, industry influence, and community impact. According to Stephanie Cirami, President of IAOTP, the decision to recognize Walia was clear-cut.

“Choosing Mr. Walia for this honor was an easy decision for our panel,” Cirami remarked. “He is inspirational, influential, and a true visionary and thought leader. His journey exemplifies the highest standards of excellence we aim to celebrate.”

Avtar Singh Walia’s journey is one of perseverance, vision, and reinvention. Born in Abheypur, Punjab, he earned his bachelor’s degree from Punjab University in 1974 and initially considered a career in the army. However, fate led him toward hospitality and entrepreneurship.

After immigrating to the United States in the late 1970s, Walia began his career as a warehouse manager for Gucci before transitioning to a position at New York’s Tandoor restaurant, where he discovered his passion for the culinary arts. His early managerial role at Akbar Restaurant on Park Avenue was formative, planting the seeds of a dream to elevate Indian cuisine within the fine-dining sector.

That dream became a reality in 1986 with the founding of Dawat, co-created with acclaimed actor and food writer Madhur Jaffrey. The restaurant quickly gained a reputation for redefining Indian food for American diners.

“We wanted to show people that Indian cuisine could be sophisticated, nuanced, and worthy of the city’s culinary spotlight,” Walia recalled. “It was about changing perceptions and celebrating the richness of our culture.”

Walia’s most significant achievement came in 2001 when he opened Tamarind in Manhattan’s Flatiron District as the sole proprietor. Collaborating with renowned chefs Raj Jallepalli and Durga Prasad, he guided the restaurant to Michelin-star recognition, marking a first for Indian cuisine in New York City.

“A Michelin star isn’t just a personal achievement,” Walia explained. “It’s a recognition of my team’s relentless pursuit of perfection. It affirms that Indian food belongs among the world’s greatest cuisines.”

In 2010, he expanded his vision with Tamarind Tribeca, an 11,000-square-foot culinary landmark located at 99 Hudson Street. The restaurant, which seats 175 guests across two levels, features a grand dining hall, a windowed cocktail lounge, and a private mezzanine, earning Michelin stars in both 2013 and 2014.

Designed to blend the elegance of Tribeca with the depth of Indian flavors, Tamarind Tribeca has become synonymous with luxury, hospitality, and authenticity.

“Dining at Tamarind Tribeca isn’t just a meal—it’s a journey,” said longtime patron and food critic Susan Feldman. “Mr. Walia has redefined Indian fine dining by blending tradition with innovation in every dish.”

At the heart of Walia’s philosophy lies the Indian ethos of “Atithi Devo Bhava”—the guest is god. Known for his hands-on leadership, Walia is a constant presence at the restaurant, greeting guests, overseeing service, and maintaining high standards, particularly during festivals such as Diwali.

“Success comes from honesty, sincerity, and giving your best every single day,” he stated. “I believe in leading by example.”

This philosophy has cultivated a fiercely loyal clientele and a reputation for warmth that extends beyond the plate. Tamarind Tribeca’s acclaimed wine program and inventive cocktails further enhance the dining experience.

Walia’s influence reaches far beyond his restaurants. He is widely regarded as a mentor to aspiring chefs and restaurateurs, an advocate for Indian gastronomy, and a supporter of civic and cultural initiatives. Over the years, he has received numerous accolades, including Lifetime Achievement honors, and has been featured in leading global publications and television programs.

Often referred to as the “godfather of high-end Indian cuisine in America,” Walia’s impact has helped shape the perception of Indian food on the global stage.

Despite decades of success, Walia remains committed to giving back and inspiring the next generation.

“I want to encourage young people to enter this industry and believe that integrity and dedication still matter,” he said. Among his future plans is writing a memoir chronicling the lessons, challenges, and triumphs of his extraordinary journey.

With Tamarind Tribeca firmly established as a global beacon of Indian fine dining and recognition continuing to pour in, Avtar Singh Walia’s legacy is secure—not just as a restaurateur but as a visionary who has transformed the culinary landscape of America, according to Global Net News.

China Projects Nearly $1.2 Trillion Trade Surplus by 2025

China has reported a record trade surplus of nearly $1.2 trillion for 2025, as exporters shift focus to non-U.S. markets amid ongoing tariff pressures from the Trump administration.

China’s export sector continues to thrive despite ongoing tariff pressures from the United States, as the country announced a remarkable trade surplus of nearly $1.2 trillion for the year 2025. This surplus is largely attributed to a strategic pivot by Chinese exporters toward non-U.S. markets, allowing them to build a more resilient global presence in the face of sustained economic challenges.

According to reports released on Wednesday, the trade surplus reflects a significant increase in exports to regions such as Southeast Asia, Africa, and Latin America. This shift comes as Chinese producers seek to diversify their markets beyond the United States, which has historically been their largest consumer. Fred Neumann, chief Asia economist at HSBC, noted, “China’s economy remains extraordinarily competitive.” He explained that this competitiveness is driven not only by improvements in productivity and technological sophistication among Chinese manufacturers but also by a combination of weak domestic demand and excess production capacity.

The Chinese government’s strategy to broaden its export footprint appears to be yielding positive results. By encouraging domestic firms to explore new markets, Beijing has managed to cushion its economy against the impacts of U.S. tariffs, which have intensified since President Trump returned to office last year. Neumann cautioned, however, that rising trade surpluses could lead to increased tensions with other trade partners, particularly those that rely heavily on manufacturing exports.

Wang Jun, a vice minister at China’s customs administration, emphasized the benefits of diversifying trading partners, stating that this approach has significantly enhanced China’s ability to withstand external risks. The latest trade figures underscore the complexities of global economic interdependence and highlight the limitations of unilateral policy measures. While tariffs can influence trade patterns in the short term, they do not necessarily alter long-standing supply chains or diminish competitive advantages that have been established over decades.

As China expands its exports into new markets, it illustrates how major economies can adapt to external pressures, even as these adaptations may create new frictions with trading partners. Zhiwei Zhang, chief economist at Pinpoint Asset Management, remarked, “Strong export growth helps to mitigate the weak domestic demand.” He also suggested that the combination of robust export performance, a booming stock market, and stable U.S.-China relations may lead the Chinese government to maintain its current macroeconomic policies at least through the first quarter of 2026.

Looking ahead, the focus is likely to shift toward addressing structural issues such as industrial overcapacity, dependency on key products, and the sustainability of long-term growth models. These topics remain contentious among economists and policymakers alike. As trade negotiations progress, governments will need to consider a broader range of factors, including investment flows, technological competition, and regulatory alignment, rather than solely focusing on tariffs and market access.

The evolving trade landscape necessitates careful navigation and strategic decision-making from all stakeholders, including governments, businesses, and multilateral institutions. Balancing national economic interests with the need for broader stability will be crucial as trade relationships continue to influence economic and geopolitical outcomes in uncertain ways. The challenges ahead will require cooperation and innovation to foster a more resilient global economy.

According to The American Bazaar, the implications of these developments will resonate beyond China, affecting trade dynamics across the globe.

GOPIO Webinar Highlights Indian-American Diaspora’s Impact on Global Business

The Global Organization of People of Indian Origin (GOPIO) hosted a webinar celebrating the Indian diaspora’s achievements in global business, featuring prominent leaders and discussions on cultural and economic contributions.

The Global Organization of People of Indian Origin (GOPIO) successfully hosted its monthly webinar titled “Diaspora Indians – Trailblazers in Global Business Success” on January 10, 2026. The event brought together accomplished business leaders, professionals, and thought leaders from the United States, the United Kingdom, Africa, and India.

Held virtually, the webinar served as a powerful reflection on the journeys, resilience, and achievements of Indians who migrated abroad—often with limited resources—and went on to build globally successful enterprises. It also highlighted the Indian diaspora’s growing influence in shaping global business, innovation, and policy.

The session began with welcome remarks by Mr. Sunil Vuppula, GOPIO Associate Secretary and Chair of the Monthly Webinar Series. He introduced GOPIO Chairman Dr. Thomas Abraham and GOPIO International President Mr. Prakash Shah.

Dr. Abraham opened the event by extending greetings on the occasion of Pravasi Bharatiya Divas, observed annually on January 9 to commemorate Mahatma Gandhi’s return to India from South Africa, a moment widely regarded as a turning point in India’s freedom struggle. He briefly outlined GOPIO’s founding in New York in 1989 and its mission to represent and empower the global Indian diaspora.

“The Indian diaspora today represents one of the most compelling success stories in global business and enterprise,” Dr. Abraham stated. “From pioneering industrialists and innovative entrepreneurs to leaders of major multinational corporations, members of the diaspora have demonstrated exceptional resilience, entrepreneurial excellence, and strategic vision. Their achievements continue to inspire generations of Indians worldwide.”

Mr. Prakash Shah followed with remarks tracing the deep historical roots of the Indian diaspora, noting that Indian influence abroad dates back centuries. He cited examples such as the Angkor Wat temple complex in Cambodia and discussed the journey of Indians taken as indentured laborers to Africa and the Caribbean under British rule—communities that today include some of the most successful business leaders in those regions.

Mr. Shah introduced the webinar moderator, Mr. Anil Bansal, President of First National Realty Management, who shared his own entrepreneurial journey. Mr. Bansal spoke about founding and selling a technology company, establishing Indus American Bank in New Jersey, and later becoming a prominent real estate investor.

He then introduced the keynote speaker, Dr. Bhuvan Lall, a noted writer, biographer, and documentary producer known for his works on Netaji Subhas Chandra Bose, Lala Har Dayal, and Sardar Vallabhbhai Patel. Dr. Lall is currently working on a major Hollywood film project.

In his keynote address, Dr. Lall spoke about the global success of Indian entrepreneurs, emphasizing their ability to retain Indian cultural values while achieving international recognition. He highlighted iconic figures such as Prof. Amar Gopal Bose, founder of Bose Corporation, and Lord Rami Ranger, who rose from humble beginnings to become a leading business figure and a member of the UK House of Lords.

Dr. Lall underscored the importance of viewing the Indian diaspora as a strategic global asset, calling for closer collaboration between the Government of India, Indian embassies, and diaspora organizations to harness this potential more effectively.

Dr. Kali Pradip Chaudhuri, Founder and Chairman of the KPC Group, urged Indians worldwide to focus on current and future challenges rather than resting on past achievements. He highlighted India’s growing economic strength and its potential under the leadership of Prime Minister Narendra Modi, encouraging the diaspora to lead in knowledge, innovation, and education.

Lord Rami Ranger shared his deeply personal journey from India to the United Kingdom, describing how values, education, and long-term vision enabled him to build a business from £2 into a multi-million-pound enterprise. He emphasized the importance of political engagement and civic participation by the Indian diaspora, advocating for a UK–India free trade agreement and cooperation in defense manufacturing.

Responding to a question on the future of young Indian professionals, Dr. Chaudhuri stressed the importance of cultural pride, education, and preserving Indian languages and history. Lord Ranger reflected on India’s civilizational heritage, highlighting unity and education as enduring strengths that shape global influence.

Attorney and CPA Ms. Navneet Chugh provided insights into Indian immigration to the United States, noting that approximately 5.2 million Indians have entered the U.S. since 1965. She highlighted the community’s high levels of education and income, discussing the significance of the U.S. nonprofit sector, which accounts for nearly 10 percent of the U.S. economy, generating revenues of about $1.8 trillion.

Ms. Chugh also addressed economic disparities between India and China, observing that while both countries had similar per capita incomes in 1978, China’s per capita income reached approximately $17,000 by 2023, compared to India’s $4,000, resulting in a substantial gap.

During audience interaction, Dr. Abraham explained GOPIO’s evolution—from its early focus on addressing human rights violations against Indian communities worldwide to its current emphasis on political integration, civic engagement, and community service through nonprofit initiatives.

Mr. Shah highlighted the role of technology in connecting the global Indian community through regular webinars, while Mr. Bansal encouraged greater participation by younger members, including Ms. Manasvi Mangai, representing the next generation of Indian leadership.

The program concluded with a vote of thanks by Dr. Thomas Abraham, who announced an upcoming meeting on the Indian Diaspora Museum Project scheduled for January 17, 2026. Technical support for the webinar was provided by Ms. Vatsala Upadhyay, GOPIO Associate Secretary, according to Global Net News.

BioMarin Appoints Indian-American Arpit Davé as Chief Digital Officer

BioMarin Pharmaceutical Inc. has appointed Arpit Davé as its new Chief Digital and Information Officer, tasked with enhancing the company’s technology strategy and digital transformation efforts.

BioMarin Pharmaceutical Inc., a prominent global biotechnology firm specializing in rare diseases, has announced the appointment of Arpit Davé as Executive Vice President and Chief Digital and Information Officer. This newly created position underscores the company’s commitment to advancing its enterprise technology strategy.

In his role, Davé will focus on reimagining and executing BioMarin’s technology initiatives, data science, and digital transformation efforts. His leadership is expected to create significant value for patients, employees, and shareholders, as stated by the San Rafael, California-based company.

With over 20 years of experience in information technology and artificial intelligence (AI) within the biopharmaceutical sector, Davé is recognized as a proven leader. His career has been marked by a strong track record of driving patient-centered organizations toward measurable business growth and profitability.

Before joining BioMarin, Davé served as a technology executive at Amgen, Inc. for the past seven and a half years. In his most recent roles there, he led teams focused on digital transformation through AI and innovative digital technologies, positioning the company to remain competitive in an evolving landscape.

Davé’s previous experience includes leadership roles at Bristol Myers Squibb and Merck, where he concentrated on CIO leadership, data science, and research and development.

He holds a Master of Science in Industrial Engineering from the University of Texas and a Bachelor of Science in Mechanical Engineering from Sardar Patel University in Gujarat, India.

“Arpit is a visionary thinker and talented leader who brings to this role a deep understanding of the biopharmaceutical industry and a track record of using technology and AI to deliver for patients and the business,” said Alexander Hardy, President and Chief Executive Officer of BioMarin.

Hardy emphasized that Davé will be responsible for building a strategic vision and roadmap, deploying technologies that will enhance and differentiate BioMarin’s operations across various sectors, including research and development, manufacturing, and commercial organizations.

Expressing his enthusiasm for the new role, Davé stated, “I have long admired BioMarin’s dedication to people living with rare diseases, and I am excited to work as part of this team to create undeniable value for patients, employees, and shareholders.”

He further added, “I am honored to join BioMarin at this pivotal moment where the convergence of biology, data, and AI offers unprecedented potential; my focus will be on empowering our world-class teams and driving innovation to translate these capabilities into faster insights and the accelerated delivery of life-changing therapies to the patients who depend on us.”

Founded in 1997, BioMarin has established a strong reputation for innovation, boasting eight commercial therapies and a robust clinical and preclinical pipeline, according to the company’s release.

This strategic appointment reflects BioMarin’s ongoing commitment to leveraging technology and data to enhance its operations and improve patient outcomes.

According to The American Bazaar, Davé’s leadership is expected to play a crucial role in the company’s future endeavors.

CloudSEK Receives $10 Million Investment from Connecticut Innovations

CloudSEK, an Indian cybersecurity firm, has secured a $10 million investment from Connecticut Innovations, marking a significant milestone as the first Indian-origin cybersecurity company to receive funding from a U.S. state fund.

CloudSEK, a Bengaluru-based cybersecurity firm specializing in predictive cyber threat intelligence, has announced a strategic investment of $10 million from Connecticut Innovations (CI), the venture capital arm of the State of Connecticut. This funding is part of the company’s Series B2 round and positions CloudSEK as the first Indian-origin cybersecurity company to receive backing from a U.S. state-backed venture fund.

The investment follows CloudSEK’s previous fundraising efforts, which included $19 million raised in its Series B1 round. With the completion of this latest tranche, the company has successfully concluded its Series B funding round, which consists of both primary and secondary capital.

“Becoming the first Indian-origin cybersecurity company to receive backing from a U.S. state fund is a milestone for CloudSEK, as well as for the entire Indian cybersecurity ecosystem,” said Rahul Sasi, co-founder and CEO of CloudSEK. He emphasized the significance of this achievement for the company and the broader Indian cybersecurity landscape.

With Connecticut serving as its U.S. anchor, CloudSEK is committed to job creation, localized research investment, and enhancing cyber resilience in the Western world. Sasi expressed pride in advancing the company’s identity as a truly Indo-American cybersecurity firm.

The partnership with CI was established after CloudSEK distinguished itself as a leading startup at VentureClash, CI’s global investment pitch competition. “At our 2025 VentureClash India pitch event, CloudSEK distinguished itself as a truly innovative provider of cybersecurity and predictive threat capabilities used by hundreds of businesses around the world,” stated Alison Malloy, Managing Director of Investments at Connecticut Innovations.

CloudSEK plans to utilize this investment to accelerate its expansion in the U.S., with intentions to establish a regional hub for operations, talent, and partnerships in Connecticut. The company aims to onboard strategic local talent and forge collaborations with corporate partners, universities, and research institutions throughout the state.

The funding from CI will enable CloudSEK to recruit top-tier cybersecurity and AI talent from the region, establish partnerships with local academic and research institutions, build its U.S. headquarters in Connecticut, and drive region-specific cybersecurity research and innovation.

This landmark investment not only enhances CloudSEK’s global trajectory but also symbolizes the growing prominence of Indian cybersecurity innovation on the world stage. By solidifying its presence in Connecticut and continuing to expand globally, CloudSEK is well-positioned to bolster cyber resilience across continents and redefine cross-border technology collaboration.

Prior to this investment round, CloudSEK’s Series B1 was led by U.S.-based strategic investor Commvault, with participation from MassMutual Ventures, Inflexor Ventures, Prana Ventures, and Tenacity Ventures. Early investors, including the Meeran Family (Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures, continue to support the company’s long-term growth.

In addition to this funding, CloudSEK recently announced a strategic partnership with Seed Group, a company of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, aimed at delivering predictive cyber intelligence and AI-attack detection capabilities to organizations across the UAE.

Founded in 2015 by Sasi, a cybersecurity researcher-turned-entrepreneur, CloudSEK has evolved from a research-first initiative into a leading cyber threat intelligence platform, serving over 300 enterprises across various sectors, including banking, financial services, insurance (BFSI), healthcare, technology, and government.

This investment marks a pivotal moment for CloudSEK and highlights the increasing collaboration between Indian tech firms and U.S. state-backed initiatives, paving the way for future innovations in the cybersecurity domain, according to The American Bazaar.

Avtar Singh Walia Named Top Restaurant Owner of the Year by IAOTP

Michelin-Starred Restaurateur Honored for Transforming Indian Fine Dining in America

Las Vegas, NV —In a glittering ceremony at the Bellagio Hotel in Las Vegas, Avtar Singh Walia, renowned for his transformative impact on Indian cuisine in America, was honored as a Top Restaurant Owner of the Year by the International Association of Top Professionals (IAOTP).

In addition, Tamarind Tribeca, owned by Avtar Singh Walia, was chosenas Top Restaurant of the Year for 2025 by IAOTP.

The annual gala in December 2025, which brought together global industry leaders, celebrated Mr. Walia’s decades-long dedication, vision, and leadership in the culinary world. “It was truly humbling for me and my beloved Restaurant, Tamarind to be chosen as the top in the world from among the hundreds that were considered for this great honor,” said Mr. Walia. “I want to thank the International Association of Top Professionals for bestowing this honor on me and Tamarind. The honor is a testament to Indian cuisine gpoing mainstream across the globe.”

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The IAOTP recognition is reserved for a select few in each discipline, chosen for their outstanding achievements, leadership abilities, and community contributions. This year, Walia’s name rose to the top, a testament to his perseverance, innovative approach, and the enduring legacy he has built over nearly forty years.

The President of the International Association of Top Professionals (IAOTP), Stephanie Cirami, stated: “Choosing Mr. Walia for this honor was an easy decision for our panel to make. He is inspirational, influential, and a true visionary and thought leader. We cannot wait to meet him and celebrate his accomplishments at this year’s gala.”

Decades of Dedication and Innovation

Looking back, Mr. Walia attributes his success to his perseverance, work ethic, and the mentors he has had along the way.

Mr. Walia’s journey began in the late 1970s after immigrating from Punjab, India. Starting as a warehouse manager for Gucci and later working at New York’s Tandoor restaurant, he quickly discovered his true passion lay in the world of food. His first major role in hospitality came at Akbar restaurant on Park Avenue, where, as manager, he cultivated his dream of opening a fine dining establishment that would showcase the flavors and elegance of Indian cuisine.

Avtar Singh Walia Named Top Restaurant Owner of the Year by IAOTP

That dream came to fruition in 1986 when he co-founded Dawat, partnering with celebrity chef Madhur Jaffrey. Dawat quickly gained a reputation for introducing New Yorkers to a refined, authentic take on Indian food. “We wanted to show people that Indian cuisine could be sophisticated, nuanced, and worthy of the city’s culinary spotlight,” Walia recalls. “It was about changing perceptions and celebrating the richness of our culture.”

Building a Culinary Empire

Walia’s commitment to excellence and authenticity led him to open Tamarind on East 22nd Street in the Flatiron District in 2001, this time as the sole proprietor. Working alongside acclaimed chefs like Raj Jallepalli and Durga Prasad, he elevated the restaurant to Michelin-star status, a first for Indian cuisine in New York City. “A Michelin star isn’t just a personal achievement — it’s a recognition of my team’s relentless pursuit of perfection,” Walia says. “It affirms that Indian food has a rightful place among the world’s greatest cuisines.”

In 2010, Walia launched Tamarind Tribeca at 99 Hudson Street, a sprawling 11,000-square-foot institution that has become synonymous with luxury, hospitality, and world-class Indian dining. The restaurant seats 175 across two levels, featuring a main dining room, a windowed cocktail lounge, and a mezzanine for private events. Under his guidance, Tamarind Tribeca earned Michelin stars in 2013 and 2014, cementing its status as one of New York’s premier culinary destinations.

Tamarind Tribeca, formally known as the Tamarind, a Michelin–starred fine dining restaurant, was located in the Flatiron Section of Manhattan. The new Tamarind in Tribeca is synonymous with exceptionally well crafted Indian fine dining. Carefully set up by Avtar Walia, the restaurant aims to amalgamate the mysteries and joys of the flavors from the India sub-continent with the elan and panache of Tribeca, New York.

“Dining at Tamarind Tribeca isn’t just a meal — it’s a journey through the best of Indian cuisine,” says food critic and longtime patron, Susan Feldman. “Mr. Walia has redefined the experience, blending authenticity with innovation in every dish.”

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A Philosophy of Hospitality

Central to Walia’s approach is the Indian ethos of “Atithi Devo Bhava” — the guest is god. This philosophy is evident in every aspect of Tamarind Tribeca, from the meticulously curated menu to the warm, attentive service. Walia is a constant presence in the restaurant, greeting guests, overseeing the kitchen, and ensuring that every dish meets his high standards, especially during festive occasions like Diwali.

“Success comes from honesty, sincerity, and putting forth one’s best efforts,” Walia says, reflecting on his work ethic. “I believe in leading by example, and that means being present, listening to guests, and never settling for less than excellence.”

His hands-on leadership and tireless commitment have cultivated a loyal clientele. Tamarind Tribeca has become a destination for diners seeking not just exquisite food, but also an experience marked by gracious hospitality and attention to detail. The restaurant’s acclaimed wine selection and inventive cocktails, crafted by a team of expert mixologists, further enhance the dining experience.

Recognition and Impact

Walia’s influence extends beyond his own establishments. He is recognized as a mentor to aspiring chefs, a supporter of local communities, and a consistent advocate for raising the profile of Indian cuisine in America. Over the years, he has received numerous awards, including Top Business Owners by Marquis Who’s Who and a Lifetime Achievement Award. His story has been featured in publications such as The New York Times Magazine and Forbes, and on “Good Morning America.”

\In February 2025, Walia was also featured in the New York Edition of The Wall Street Journal, reflecting the growing national recognition of his contributions. Forbes has called him the “godfather of high-end Indian cuisine in America.” His peers refer to him as “a pioneer of Indian gastronomy in America,” and his restaurants have been described as “a masterclass in Indian fine dining.”

Giving Back and Looking Forward

Walia’s journey from his hometown of Abheypur, India, to the heights of New York’s restaurant scene is a story of hard work and the pursuit of the American dream. After earning his bachelor’s degree from Punjab University in 1974, he initially considered a career in the army, but ultimately followed his passion for hospitality, bringing the flavors of his heritage to a new audience.

Beyond his culinary achievements, Walia is known for his philanthropic efforts, supporting civic organizations and mentoring the next generation of chefs. “I want to encourage more people to enter this industry and to show them that with dedication and integrity, success is possible,” he says. Among his future aspirations is to write a memoir, capturing the lessons and stories from his remarkable career.

About IAOTP

The International Association of Top Professionals is an exclusive boutique networking organization that handpicks top leaders from across industries. Membership is by invitation only, with nominees selected based on professional accomplishments and contributions to their fields. IAOTP provides a platform for collaboration, keynote speaking, and the exchange of ideas among the world’s most distinguished professionals.

“IAOTP prides itself on creating a community where the best of the best can connect and inspire one another,” says Cirami. “Mr. Walia exemplifies the spirit of excellence and leadership we seek to recognize.”

A Lasting Legacy

As Walia looks back on his journey, he credits his mentors, family, and relentless work ethic for his continued success. “Perseverance is everything,” he asserts. “I’m grateful for every challenge and every opportunity. My hope is that by sharing my story, I can inspire others to pursue their passions wholeheartedly.”

With Tamarind Tribeca firmly established as a beacon of Indian fine dining, and with continued accolades from industry peers and patrons alike, Avtar Singh Walia’s legacy is secure — not just as a restaurateur, but as a visionary who has forever changed the culinary landscape of America.

For more information about the IAOTP Awards Gala, visit www.iaotp.com/award-gala. To learn more about Tamarind Tribeca, visit the restaurant’s official website: Tamarind Tribeca – The Finest Indian Restaurant in NYC.

India Experiences Significant Economic Impact from Diabetes, Study Finds

India faces a significant economic crisis due to diabetes, with the country ranking second globally in economic burden from the disease, according to a new study.

India is grappling with one of the most pressing health-related economic challenges of the 21st century. A recent study reveals that the country bears the second-highest economic cost of diabetes worldwide. This alarming finding underscores the growing toll of a disease that impacts millions of lives and poses considerable challenges for families, businesses, and the national health system.

Conducted by leading public health researchers, the study estimates the overall economic burden of diabetes by factoring in both direct medical costs—such as consultations, medications, hospital admissions, and complications—and indirect costs, including productivity losses, disability, and absenteeism. Experts caution that without strategic interventions, diabetes could continue to undermine not only the health of citizens but also the strength of India’s economy.

The scale of diabetes in India is staggering. With tens of millions of adults living with the condition, many families face substantial out-of-pocket expenses for ongoing care. A senior health economist involved in the research remarked, “Diabetes extends beyond a medical diagnosis—it translates into sustained financial pressure that chips away at family savings and limits opportunities for future investment in health, education, or business.”

Beyond the individual burden, employers across various sectors are feeling the impact. The rising healthcare costs associated with employees suffering from diabetes and related complications have placed additional pressures on corporate health programs and insurance funds. Human resources leaders increasingly cite chronic conditions like diabetes as significant drivers of increased medical claims and reduced workforce productivity.

Experts attribute India’s high economic burden to several interrelated factors. Firstly, the high prevalence and early onset of diabetes in the country contribute significantly. India has one of the largest populations living with diabetes globally, with many individuals diagnosed at a younger age compared to other nations. This results in a longer duration of illness and a greater accumulation of healthcare costs over time.

Secondly, complications and comorbidities associated with unmanaged diabetes further escalate costs. High blood glucose levels can lead to serious complications such as heart disease, kidney failure, vision loss, and nerve damage, all of which require complex and costly care.

Additionally, lifestyle and behavioral factors play a crucial role. Sedentary lifestyles, unhealthy diets, rising obesity rates, and urban stressors are major contributors to the increasing incidence of diabetes in India.

Healthcare access disparities also exacerbate the situation. While urban areas tend to have better access to healthcare services, rural and remote populations often lack facilities for early detection and ongoing management. Delayed diagnoses frequently lead to emergency treatments that are more expensive and less effective.

A public health expert summarized the situation, stating, “We must address both prevention and care. Screening and early intervention can dramatically reduce complications and lower costs over the long term.”

The economic and social consequences of diabetes extend far beyond health issues. Loss of income due to disability or premature death results in reduced household earnings and diminished economic participation. For employers, diabetes contributes to decreased productivity, increased absenteeism, and rising insurance premiums.

A corporate health official noted, “Our organizations are feeling the pressure of chronic diseases like diabetes, not just in terms of medical costs but also in lost working days and talent productivity. Managing diabetes is becoming a core part of workforce health strategy.”

The study’s authors and public health advocates are calling for a comprehensive national response to mitigate the rising burden of diabetes. Key recommendations include implementing nationwide early screening programs to detect high blood glucose levels and enroll patients in appropriate care pathways. Public awareness campaigns promoting education about healthy eating, physical activity, weight management, and diabetes risk factors are also essential.

Moreover, strengthening primary healthcare is crucial. Equipping local health centers with trained staff, affordable diagnostics, and access to medications can significantly improve diabetes management. Additionally, expanding insurance coverage for chronic disease management can help reduce out-of-pocket expenses and support long-term care.

Experts emphasize that preventive health strategies offer the greatest return on investment. By reducing the onset of diabetes and its complications, India can safeguard both its workforce and its economic future.

The findings of this study serve as a stark reminder that non-communicable diseases like diabetes are not merely health concerns but also formidable economic challenges. As one economist involved in the research stated, “Diabetes threatens not just individual well-being but also national productivity and resilience.”

As policymakers, healthcare providers, employers, and communities reflect on these findings, the hope is that coordinated action—rooted in prevention, early detection, and affordable care—will become a central pillar of national health strategy. Without such intervention, the economic and human costs of diabetes are likely to escalate further, posing a significant threat to India’s future.

According to Global Net News.

Walmart Appoints Indian-American Shishir Mehrotra to Company Board

Walmart has appointed Shishir Mehrotra, CEO of Superhuman, to its Board of Directors as the retail giant prepares for an agentic AI future.

Walmart Inc. has announced the appointment of Shishir Mehrotra, an Indian American technology veteran and current CEO of Superhuman, to its Board of Directors. This move comes as the retail giant positions itself for an agentic AI future.

Mehrotra will contribute to both the Compensation and Management Development Committee and the Technology and eCommerce Committee, as stated by the Bentonville, Arkansas-based company.

Greg Penner, chairman of Walmart’s Board of Directors, expressed enthusiasm about Mehrotra’s addition, saying, “Our focus remains on serving customers through a people-led, tech-powered approach. Shishir’s background adds to our boardroom the insight of a proven builder, offering a distinguished track record scaling platforms relied upon by millions.”

Randall Stephenson, the lead independent director, echoed this sentiment, highlighting Mehrotra’s unique skill set. “Shishir brings a rare combination of technical depth and product leadership. He has helped create and scale platforms that unlock creativity and productivity for people and teams at global scale. We’re excited to welcome him to our Board,” he remarked.

In response to his appointment, Mehrotra stated, “I have long admired Walmart’s ability to innovate while staying true to its core values, and joining the Board as the company builds for an agentic AI future is a rare opportunity. This era is the most significant technological shift I’ve seen in my career, and I look forward to working with the team to shape the future for the millions of people Walmart serves.”

Mehrotra brings over 25 years of experience in the technology sector, with a proven track record of building category-defining platforms. Before his role at Superhuman, an email application designed for productivity enhancement, he co-founded Coda, a productivity and AI platform that successfully served millions of users and tens of thousands of teams.

Prior to founding Coda, Mehrotra held significant positions at YouTube, serving as both Chief Product Officer and Chief Technology Officer. During his tenure, he played a crucial role in transforming YouTube into the world’s largest video platform and one of Google’s most significant and rapidly growing businesses, catering to a new generation of creators.

Mehrotra holds a dual Bachelor of Science degree in mathematics and computer science from the Massachusetts Institute of Technology.

Walmart serves approximately 270 million customers and members each week across more than 10,750 stores and various eCommerce websites in 19 countries. The company reported a fiscal year 2025 revenue of $681 billion and employs around 2.1 million associates globally, according to the company’s release.

This strategic appointment reflects Walmart’s commitment to integrating advanced technology into its operations and enhancing customer service as it navigates the evolving landscape of retail.

According to The American Bazaar, Mehrotra’s expertise will be invaluable as Walmart continues to innovate and adapt in a rapidly changing market.

Jumio Appoints Indian-American Bala Kumar as President and Interim CEO

Jumio has appointed Bala Kumar as president and interim CEO, focusing on eradicating identity theft while enhancing digital interactions as the company prepares for its next phase of growth.

Jumio, a prominent provider of AI-powered identity intelligence solutions, has announced the appointment of Indian American executive Bala Kumar as its president and interim chief executive officer. This leadership change comes as the company aims to strengthen its position in a rapidly evolving market.

Kumar, who holds a master’s degree in Computer Applications from the National Institute of Technology Karnataka and has completed the Harvard Leadership Direct program, takes over from Robert Prigge. Prigge has led the company for nearly a decade and is departing to pursue new opportunities.

The transition in leadership is described by Jumio as a planned evolution, designed to ensure continuity and effective execution as the company embarks on its next phase of expansion. The firm is focused on maintaining its momentum in the identity verification and biometrics market.

Having joined Jumio in 2021, Kumar previously served as the chief product and technology officer. In this capacity, he successfully expanded Jumio’s offerings from a single product to a comprehensive portfolio of identity intelligence solutions, addressing the evolving needs of customers. He will continue to guide the company’s product vision and innovation.

Ben Cukier, co-chairman of Jumio’s board of directors, expressed confidence in Kumar’s capabilities. “This transition reflects the strength of our leadership bench and the company’s focus on disciplined execution,” Cukier stated. “With deep institutional knowledge and a proven track record of delivering results, Bala is exceptionally well-positioned to lead the company with full authority during this period while we conduct a thoughtful search for a CEO to fuel the next phase of Jumio’s growth.”

Kumar expressed his enthusiasm for his new role, stating, “I am honored to step into this role. We have a strong foundation, a clear strategy, and an incredibly talented team. My focus is on executing our strategy in service of our customers and Jumio’s core mission: eradicating identity theft while enabling trusted, low-friction digital interactions for consumers and businesses both now and in the future.”

The Jumio Platform offers AI-powered identity intelligence that integrates biometric authentication, automation, and data-driven insights. This technology is designed to accurately establish, maintain, and reassert trust throughout the customer journey, from account opening to ongoing monitoring.

Utilizing advanced automated technology, including biometric screening, AI and machine learning, liveness detection, and no-code orchestration with hundreds of data sources, Jumio aims to combat fraud and financial crime. The platform also facilitates faster customer onboarding and ensures compliance with regulatory requirements, including Know Your Customer (KYC) and Anti-Money Laundering (AML) standards.

With a global presence that includes offices in North America, Latin America, Europe, Asia Pacific, and the Middle East, Jumio has processed over one billion transactions across more than 200 countries and territories, encompassing real-time web and mobile transactions.

This strategic appointment of Bala Kumar as president and interim CEO marks a significant step for Jumio as it continues to innovate and lead in the identity verification space, ensuring a secure digital environment for businesses and consumers alike.

According to The American Bazaar, this leadership change positions Jumio for continued growth and success in the identity intelligence sector.

Which City Holds the Title of ‘Coffee Capital of India’?

Coorg, also known as Kodagu, is recognized as the Coffee Capital of India, celebrated for its rich coffee cultivation and unique growing conditions.

India’s relationship with coffee is intricate and deeply rooted, extending far beyond the modern café culture that has emerged in urban areas. Long before the rise of latte art and trendy coffee shops, coffee began to flourish in the misty hills of southern India. While cities like Bengaluru have become synonymous with coffee consumption and global exports, the true essence of Indian coffee is found in the verdant plantations of Coorg, or Kodagu, located in Karnataka.

Coorg is often hailed as the Coffee Capital of India, a title it holds not through marketing but through its unique soil, climate, and centuries of dedicated cultivation.

The story of coffee in India does not start in bustling cafés or sophisticated roasteries; rather, it begins on shaded estates where coffee plants thrive alongside pepper vines, cardamom, and various fruit trees. The geography of Coorg is particularly conducive to coffee cultivation, with its high elevation, ample monsoon rainfall, and nutrient-rich red soil creating optimal conditions for growing coffee beans that develop rich and complex flavors.

“Coffee in Coorg is not just a crop; it’s a way of life passed down through generations,” says a senior planter from Kodagu. “Every harvest carries the history of the land.”

Introduced during the 19th century under British colonial rule, coffee farming in Coorg has evolved into a cornerstone of India’s coffee economy. Today, the district contributes significantly to the nation’s overall coffee production, firmly establishing its place at the heart of India’s coffee belt.

The designation of “Coffee Capital of India” belongs to Coorg because it signifies the origin of coffee cultivation rather than merely commercial activity. While Bengaluru excels in coffee exports and innovation, Coorg is responsible for growing the beans that define Indian coffee on the global stage.

Coorg’s plantations produce both Arabica and Robusta coffee varieties. Arabica beans, grown at higher altitudes, are renowned for their smooth aroma and mild acidity, making them a favorite in specialty markets. In contrast, Robusta beans, which are more prevalent in the region, offer a bold, full-bodied flavor that forms the foundation of South India’s beloved filter coffee.

What distinguishes Coorg from other coffee-growing regions is its tradition of intercropping. Coffee is cultivated alongside spices such as pepper, cardamom, and vanilla, which subtly influence the flavor profiles of the beans. This natural integration contributes to the distinctive character of Coorg’s coffee, making it highly sought after in international markets.

“Single-estate coffees from Coorg are increasingly sought after globally because of their traceability and terroir,” notes a coffee exporter based in Karnataka.

In Coorg, coffee is more than just a beverage; it is a ritual that unfolds slowly. Locals brew coffee multiple times a day, often roasting the beans in small batches at home. The experience of drinking coffee here transcends mere caffeine consumption, becoming a cherished tradition.

For travelers, Coorg offers immersive experiences that delve deeper than just enjoying a cup of coffee. Plantation tours provide insights into the bean-to-brew journey, while traditional Kodava meals are complemented by freshly brewed filter coffee. Estate cafés allow visitors to savor single-origin brews in tranquil settings. This burgeoning coffee tourism has transformed Coorg into a destination for those eager to experience coffee at its source.

While Coorg is the heart of coffee production, Bengaluru serves as the commercial powerhouse behind the beans. The city is home to the Coffee Board of India, major exporters, roasters, and a thriving specialty café scene. Most coffee beans harvested in Coorg and surrounding regions pass through Bengaluru before reaching cafés across India and international markets.

“Bengaluru is where tradition meets innovation,” says a specialty café founder in the city. “But the beans, the real magic, always come from the hills.”

Together, Coorg and Bengaluru form the backbone of India’s coffee ecosystem—one rooted in land and legacy, the other in trade and transformation.

Karnataka produces nearly 70% of India’s coffee, with Coorg accounting for a substantial portion of that output. From the humble filter coffee served in steel tumblers to globally celebrated single-origin brews, the narrative of Indian coffee is inextricably linked to the plantations of Coorg.

So, the next time you enjoy a cup of Indian coffee, remember that its journey likely began in the misty hills of Coorg, long before it reached your café table, shaping the rich tapestry of India’s coffee heritage.

According to Global Net News.

Macy’s Announces Additional Store Closures: Key Information for Shoppers

Macy’s is set to close 14 stores across 12 states as part of its ongoing restructuring efforts to enhance long-term growth and focus on more profitable locations.

Macy’s has confirmed another round of store closures as part of its long-term strategy to reshape its brick-and-mortar presence. The retailer aims to concentrate on stronger locations while reducing its footprint in underperforming areas.

In a memo sent to employees on Thursday, Macy’s CEO Tony Spring outlined the next phase of the company’s multi-year “Bold New Chapter” initiative. This plan emphasizes redirecting investments toward select stores and winding down locations that have not met performance expectations.

“In executing our strategy, we continue to review our portfolio and make careful decisions about where and how we invest, including closing underproductive stores and streamlining operations,” Spring stated. “These decisions are not made lightly.”

A spokesperson for Macy’s confirmed to Nexstar that the latest closures will impact 14 stores across 12 states. The affected locations include:

In California, stores in La Mesa (Grossmont Center) and Tracy (West Valley Mall) will close. Georgia’s Atlanta (Northlake Mall) will also be shuttered, along with Glen Burnie (Marley Station Mall) in Maryland.

Michigan’s Grandville (RiverTown Crossings) and Minnesota’s Saint Cloud (Crossroads Center) are on the list, as well as Newington (Mall at Fox Run) in New Hampshire. New Jersey will see closures in Livingston (Livingston Mall) and Ramsey (Interstate Shopping Center), while New York’s Amherst (Boulevard Mall) is also affected.

North Carolina’s Raleigh (Triangle Town Center) and Pennsylvania’s Tarentum (Frazer Heights Galleria) will close, along with Corpus Christi (La Palmera Mall) in Texas and Tukwila (Furniture Clearance Center) in Washington.

The 12 stores slated for closure are expected to begin clearance sales in mid-January, which will last for approximately 10 weeks, according to a Macy’s spokesperson.

Macy’s first introduced its “Bold New Chapter” initiative in February 2024, outlining a comprehensive restructuring of its store footprint. As part of this plan, the retailer aims to close 150 underperforming locations by the end of 2026.

In conjunction with these closures, Macy’s has indicated a strategic shift toward growth markets. The company plans to prioritize investment in approximately 350 locations deemed essential for future success, alongside the continued expansion of small-format stores.

Macy’s is not alone in its efforts to scale back physical locations. Other major retailers, including Kroger, Foot Locker, and Carter’s, have also announced plans to close stores in 2026. Many companies cite underperforming locations and financial pressures exacerbated by tariffs as contributing factors to their decisions.

As Macy’s continues to navigate the evolving retail landscape, shoppers can expect to see significant changes in the coming months, particularly at the affected locations.

For further details, refer to Nexstar.

Billionaire Tax Backlash: Google Founders Leave California Amid Concerns

Google founders Sergey Brin and Larry Page have relocated their business entity from California to Delaware amid concerns over a proposed billionaire tax in the state.

Google founders Sergey Brin and Larry Page are making headlines as they transition their business entity out of California. According to a recent filing reviewed by Business Insider, T-Rex LLC, which was established in 2006 and is associated with Brin and Page, has officially converted to a Delaware LLC named T-Rex Holdings as of December 24, 2025.

This move comes at a time when California’s wealthiest residents are contemplating their future in the state. A proposed ballot measure aims to impose a one-time 5% tax on individuals whose assets exceed $1 billion. This initiative has sparked discussions among high-net-worth individuals regarding the potential implications of remaining in California.

The conversion of T-Rex LLC into a Delaware entity is a legal maneuver that allows companies to change their state of incorporation or registration. Delaware is often favored for its business-friendly laws and corporate flexibility. By relocating to Delaware, T-Rex Holdings can benefit from established legal frameworks, efficient corporate courts, and potentially more favorable regulatory and tax conditions.

While the conversion itself does not necessarily indicate immediate operational changes, analysts suggest that the timing is significant in light of California’s proposed wealth tax. If the ballot measure is approved in November, it would retroactively affect residents living in California as of January 1, 2026.

Business and legal experts emphasize that converting an LLC to a Delaware entity can be part of a long-term strategy for estate, tax, and asset management, particularly for affluent individuals with complex financial portfolios. The situation surrounding T-Rex illustrates the intersection of corporate law, wealth management, and strategic planning among influential figures in the tech industry.

The proposed California billionaire’s tax is designed to target the state’s ultra-wealthy residents. Under this initiative, individuals with assets exceeding $1 billion would be required to pay a 5% tax on the value of their holdings above that threshold. Proponents argue that the tax would generate revenue for essential state programs, including housing, education, and healthcare, while addressing issues of inequality.

However, critics caution that such a tax could prompt high-net-worth individuals to relocate or restructure their assets to evade taxation, potentially diminishing investment in California. The T-Rex LLC conversion exemplifies the broader challenges that states encounter when attempting to tax extreme wealth. Policies aimed at affluent individuals often provoke strategic responses, highlighting the complex relationship between financial planning, corporate law, and public policy.

Wealth taxes have the potential to provide substantial revenue for social programs, but their effectiveness hinges on careful implementation and enforcement, as well as the behavior of those impacted. The California billionaire’s tax initiative further emphasizes the delicate balance between raising revenue and maintaining a competitive business environment.

While supporters view the tax as a necessary tool to combat inequality and fund vital services, opponents express concerns over possible unintended consequences, including capital flight or decreased economic activity. Ultimately, cases like T-Rex Holdings illustrate that the implementation of taxes on extreme wealth requires a nuanced approach that considers fiscal objectives alongside legal, economic, and strategic factors.

As the debate surrounding the proposed billionaire tax continues, the decisions made by prominent figures like Brin and Page may influence the broader conversation about wealth, taxation, and the future of California as a hub for innovation and investment, according to Business Insider.

General Motors Reports $7.6 Billion Loss in Electric Vehicle Business

General Motors is set to incur an additional $6 billion in charges related to its electric vehicle operations, bringing total losses to $7.6 billion amid a challenging market environment.

General Motors Co. is facing significant financial challenges in its electric vehicle (EV) business, announcing an additional $6 billion in charges linked to production cutbacks in its EV and battery operations. This decision comes as the automaker grapples with a weakening market for electric vehicles in the United States.

The latest announcement, made on Thursday, brings GM’s total writedowns related to its ambitious investment in battery-electric cars to $7.6 billion. This figure follows smaller charges disclosed in October, reflecting the ongoing financial fallout as GM reassesses its EV strategy.

Declining EV sales have been a major factor in GM’s decision to cut production. Contributing to this downturn are the expiration of federal incentives and a decrease in consumer demand. Fourth-quarter figures from 2025 indicated a notable drop in deliveries, prompting the company to adjust its output and product strategy accordingly. The recent charges also account for costs associated with idled production capacity, supply chain realignments, and other operational adjustments.

Industry analysts observe that GM’s write-downs are part of a larger trend affecting the U.S. auto sector, where manufacturers are struggling to scale EV production while maintaining financial performance. The electric vehicle industry is currently experiencing a slowdown after years of rapid growth, particularly in the United States, where federal incentives, such as the $7,500 EV tax credit, have recently expired. This reduction in subsidies has led to declining deliveries, forcing automakers, including GM, to modify production plans, delay model launches, and absorb significant financial charges.

Moreover, the market is witnessing increased competition from international manufacturers, particularly Chinese companies, which are offering EVs at lower prices and potentially capturing a larger share of the market. As a result, automakers are facing operational and financial challenges, with production cutbacks and idle factories becoming increasingly common. Investments in battery technology and next-generation EV platforms are also fraught with uncertainty regarding timing and returns.

Analysts highlight the difficulty of balancing investment with profitability in a market characterized by slowing consumer adoption, reduced incentives, and economic pressures such as inflation and rising interest rates. Structural issues further complicate growth in the EV sector, including limited charging infrastructure, regional policy shifts, and changing consumer preferences in the used-car market. Despite these challenges, the EV sector remains strategically important for long-term mobility trends.

The recent disclosure underscores the upheaval caused by previous federal policy changes, including moves by the Trump administration to eliminate federal support for electric vehicles. As consumers continue to favor gasoline-powered vehicles, GM and its competitors have invested billions in EVs over the past decade to comply with stringent environmental regulations and to align with their optimistic projections of consumer demand.

Even well-capitalized automakers are navigating significant uncertainty as they strive to balance long-term strategic goals with immediate financial pressures. Factors such as shifting consumer preferences, evolving regulatory requirements, and fluctuating economic conditions contribute to a highly dynamic environment that can swiftly alter projections and investment plans.

The path forward for electric vehicles is likely to be uneven, characterized by periods of rapid adoption followed by market slowdowns and necessary recalibrations. Ultimately, the industry’s success will hinge on its ability to adapt to changing demand, regulatory landscapes, and technological advancements while maintaining financial resilience in an unpredictable market, according to The American Bazaar.

AI Workplace Competition: Analyzing Claude, Gemini, ChatGPT, and Others

Recent survey findings reveal that Anthropic’s Claude is the most popular AI tool among U.S. professionals, surpassing competitors like ChatGPT and Google’s Gemini.

In the rapidly evolving landscape of artificial intelligence, a new survey sheds light on the preferences of U.S. professionals regarding workplace AI tools. While major tech companies are eager to promote their proprietary AI solutions, it appears that users are making their choices based on performance rather than corporate allegiance.

Conducted by Blind, an anonymous professional community platform, the survey indicates that Claude, developed by Anthropic, has emerged as the most widely used AI model in corporate environments. Surprisingly, Claude has outperformed more established competitors, including ChatGPT and Google’s Gemini. According to the survey, 31.7% of respondents reported using Claude as their primary AI tool at work, regardless of their employer’s preferences.

The survey collected responses from verified U.S.-based professionals during December, with a significant number identifying as software engineers. Participants sought AI assistance across various tasks, including debugging, system design, documentation, and content generation.

Despite Claude’s leading position, the survey reveals a more complex reality: professionals are not committing to a single AI model. Instead, many are curating personalized toolkits tailored to their specific needs. Vasudha Badri Paul, founder of Avatara AI, shared her experience, stating that her daily workflow involves multiple platforms. “I use Perplexity and Notebook LLM most frequently. For research and learning, I go to Claude and Gemini, while ChatGPT is my go-to for content,” she explained. Paul also incorporates Notion AI for organization, Sora for short video generation, Canva Magic Studio for graphics, and Gamma for slide decks.

This trend reflects a pragmatic approach among users, who are increasingly willing to switch between tools rather than remain loyal to a single ecosystem.

When it comes to coding, Claude’s advantages become particularly pronounced. The survey indicates that among developers, Claude excels in software development tasks. Many respondents highlighted its capabilities in writing and understanding complex code, an area where company-backed tools often face resistance. The survey found that 19.6% of professionals use ChatGPT, while 15% rely on Gemini. GitHub Copilot is close behind with 14.2%, and another 11.5% reported using Cursor.

The survey also explored preferences within companies that have their own AI products. At Meta, for instance, 50.7% of surveyed employees indicated that Claude was their preferred AI model, while only 8.2% reported using Meta AI. A similar trend was observed among Microsoft employees, where 34.8% favored Claude, narrowly ahead of Copilot at 32.2%, with ChatGPT trailing at 18.3%.

One key takeaway from the survey is that corporate backing does not necessarily guarantee employee loyalty. In an era where productivity is increasingly driven by AI tools, professionals are prioritizing effectiveness over brand allegiance.

Nitin Kumar, an app developer and solutions manager, noted the shift in his own AI stack over the past year. He stated, “Claude is definitely the most superior for software development.” Kumar recently canceled his ChatGPT Plus subscription, citing a lack of utility. However, he acknowledged that the AI landscape is still evolving, adding, “Gemini 3 Pro changed the game completely for non-coding uses.” He believes that coding capabilities are now nearly on par with Claude Opus 4.5.

Kumar’s insights reflect a broader trend of users experimenting with different tools and comparing version upgrades to find the best fit for their needs.

Interestingly, Google employees showed the strongest internal alignment, with 57.6% of those surveyed using Gemini as their primary AI model. However, this preference did not extend beyond Google’s offices, as only 11.6% of Amazon employees selected Gemini as their top choice. Amazon’s own AI tools, such as Amazon CodeWhisperer, received minimal traction, with just 0.7% of respondents indicating they used it.

Ultimately, the survey highlights a significant shift in how professionals engage with AI. Rather than adopting tools based on corporate mandates or branding, workers are choosing solutions that demonstrably enhance their speed, accuracy, and overall output. While Claude currently leads the pack, its dominance may not be permanent, but it has certainly established a measure of trust among users for now.

According to Blind, the findings underscore the importance of user experience in the competitive AI landscape.

Ex-Amazon Executives Secure $15 Million for Spangle AI Startup

Spangle AI, a startup founded by former Amazon executives, has secured $15 million in Series A funding to enhance real-time, personalized shopping experiences for online retailers.

Spangle AI, a Seattle-based startup focused on revolutionizing online retail, has successfully raised $15 million in a Series A funding round. The investment was led by NewRoad Capital Partners, with participation from Madrona, DNX Ventures, Streamlined Ventures, and several angel investors. Following this funding, Spangle AI is now valued at $100 million.

Founded in 2022 by a team of former Amazon executives, Spangle AI aims to create customized shopping experiences in real-time. The platform can generate tailored storefronts for individual customers by analyzing traffic from various sources, including social media, AI search tools, and autonomous shopping agents.

Spangle AI is addressing a significant shift in e-commerce, moving away from traditional methods that cater primarily to customers visiting a brand’s website directly. “The problem is that websites are not designed to continue a journey that originated somewhere else,” said Spangle CEO Maju Kuruvilla, who previously served as a vice president at Amazon, where he was involved in Prime logistics and fulfillment.

Fei Wang, Spangle’s CTO and a former Principal Engineer at Amazon, emphasized the limitations of existing e-commerce systems. “Having built unified AI systems at Amazon, including Alexa and customer service workflow automation at massive scale, we saw what’s broken in traditional e-commerce stacks: fragmented data, slow feedback cycles, and no intelligence layer tying it together,” Wang explained.

Unlike conventional approaches that rely heavily on user identity or historical data, Spangle’s system focuses on understanding customer intent and engagement. It is trained on a retailer’s catalog, brand guidelines, and performance metrics, allowing for a more contextual shopping experience.

Spangle AI’s innovative approach has attracted the attention of major fashion and retail brands, including EVOLVE, Steve Madden, and Alexander Wang. These partnerships have reportedly resulted in conversion rate increases of up to 50% and significant improvements in return on ad spend. In its first nine months, Spangle AI has secured nine enterprise customers, although the company has not disclosed specific revenue figures.

Kuruvilla noted that while e-commerce retailers excel at attracting customer interest, the challenge lies in converting that interest into sales. “Conversion from all this traffic that’s discovered outside is a huge problem for all these brands,” he stated.

Prior to founding Spangle AI, Kuruvilla was the CEO and CTO at Bolt, a controversial one-click checkout e-commerce startup that achieved a valuation of $11 billion. His extensive background also includes roles at Microsoft, Honeywell, and Milliman.

Fei Wang, who co-founded Spangle AI, previously served as CTO at Saks OFF 5TH, a subsidiary of Saks Fifth Avenue. He spent nearly 12 years at Amazon as an engineer. Yufeng Gou, the head of engineering at Spangle, also has a background at Saks OFF 5TH. Karen Moon, the company’s COO, is a seasoned investor and former CEO at Trendalytics.

As the e-commerce landscape continues to evolve, Spangle AI is positioning itself at the forefront of agentic commerce, leveraging its founders’ extensive experience to create a more seamless and personalized shopping experience for consumers.

The information in this article is based on reports from The American Bazaar.

Intermittent Fasting Diets May Not Provide Expected Health Benefits

Recent research indicates that while intermittent fasting may aid in weight loss, it may not provide the broader health benefits many expect, challenging popular beliefs about time-restricted eating.

Intermittent fasting has surged in popularity as a weight loss strategy, but a new study raises questions about its effectiveness beyond shedding pounds. Conducted in Germany, the research suggests that while participants lost weight on two different time-restricted eating schedules, they did not experience improvements in critical health markers such as blood glucose, blood pressure, or cholesterol levels.

The study involved 31 overweight or obese women who followed one of two eating schedules: one group consumed food between 8 a.m. and 4 p.m., while the other group ate from 1 p.m. to 9 p.m. over a two-week period, all while maintaining their usual caloric intake. The findings were published in the journal Science Translational Medicine.

Researchers concluded that the anticipated cardiometabolic benefits of intermittent fasting might stem more from reduced calorie intake rather than the timing of meals. Although participants did exhibit changes in their circadian rhythms, the health implications of these shifts remain unclear.

Critics of the study have pointed to its limitations, particularly its small sample size. Dr. Jason Fung, a Canadian physician and author, expressed skepticism about the study’s ability to detect significant differences, noting that the intervention was relatively mild. He highlighted that participants fasted for 16 hours daily, which is longer than the typical 12 to 14 hours recommended for intermittent fasting.

Registered dietitian Lauren Harris-Pincus echoed these concerns, suggesting that the lack of intentional caloric restriction could explain the findings. She emphasized the importance of careful meal planning when engaging in time-restricted eating, particularly since only one in ten Americans meet the recommended intake of fruits and vegetables, and 93% fall short on fiber.

Harris-Pincus cautioned that skipping breakfast to accommodate a later eating window might lead to inadequate consumption of essential nutrients, such as calcium, potassium, fiber, and vitamin D. She advocates for a well-structured approach to time-restricted eating to ensure nutritional needs are met.

Looking forward, the researchers stress the necessity for further studies to investigate the long-term effects of time-restricted eating. They also aim to explore how combining caloric restriction with time-restricted eating might influence health outcomes across different populations.

Dr. Daryl Gioffre, a gut health specialist and celebrity nutritionist, pointed out that the study failed to consider several critical factors, including chronic stress, sleep quality, medications, hormone levels, and baseline metabolic health. He noted that these elements can significantly impact fat loss and cardiometabolic health.

Gioffre explained that cortisol, the body’s primary stress hormone, peaks in the morning, coinciding with one of the fasting windows studied. Elevated stress levels can hinder fat burning, disrupt blood sugar regulation, and obscure cardiovascular improvements, regardless of calorie intake or eating schedule.

Despite these critiques, Gioffre acknowledged that existing research indicates intermittent fasting can yield positive outcomes, such as improved insulin regulation, reduced inflammation, and enhanced cardiovascular health, provided it is practiced correctly and sustained over time. He emphasized that these benefits cannot be accurately assessed in a short-term study that does not account for stress factors.

As the conversation around intermittent fasting continues to evolve, it remains clear that more comprehensive research is needed to fully understand its potential benefits and limitations. The findings from this study serve as a reminder that while intermittent fasting may be effective for weight loss, its broader health implications are still under scrutiny.

For further insights, Fox News Digital reached out to the researchers involved in the study for additional comments.

JPMorgan Appoints Sri Kosaraju as Global Investment Banking Chair

JPMorgan Chase has appointed Sri Kosaraju as the new global chair of investment banking, focusing on the healthcare sector to support clients worldwide.

JPMorgan Chase & Co., a leading global financial services firm, has announced the rehiring of Indian American healthcare executive Sri Kosaraju as the global chair of investment banking. In this pivotal role, Kosaraju will be based in San Francisco and will provide strategic advice to healthcare firms while collaborating with teams across the globe.

Filippo Gori and John Simmons, co-heads of global banking, expressed their enthusiasm for Kosaraju’s return. Simmons welcomed him on LinkedIn, stating, “Welcome back to J.P. Morgan, Sri Kosaraju. We’re thrilled you’ll be joining us as a Global Chair of Investment Banking, focused on the Healthcare sector.”

Simmons highlighted Kosaraju’s extensive experience, which spans over 25 years in healthcare and technology, including roles in banking, as a CEO, and on various boards. He noted that Kosaraju’s background will be a significant asset as the bank strengthens its commitment to the healthcare sector, which is both critical and innovative.

“Having started his career at J.P. Morgan, Sri played a key role in building our healthcare franchise throughout the 16 years he worked here. I look forward to the impact he’ll have supporting our clients and teams around the world,” Simmons added.

In response to his appointment, Kosaraju expressed his excitement on LinkedIn, stating, “Excited to be returning to J.P. Morgan as Global Chair of Investment Banking. I’m looking forward to working with the incredible @J.P. Morgan team on a world-class platform to advise our healthcare clients as they grow and innovate across this dynamic sector.”

Before this role, Kosaraju served as the chief executive officer of Inscripta, a biomanufacturing company that recently merged with another firm. His previous 16 years at JPMorgan were instrumental in building the bank’s healthcare franchise, showcasing his deep understanding of the industry.

Kosaraju’s appointment comes on the heels of JPMorgan’s recent hiring of Jerry Lee as global chair of investment banking, also with a focus on healthcare. This move reflects the bank’s strategy to attract senior talent to enhance its global banking franchise.

Kosaraju holds a Bachelor of Science degree in Mechanical Engineering from the Massachusetts Institute of Technology (MIT), further underscoring his strong educational background in a field that intersects with healthcare innovation.

As JPMorgan continues to expand its influence in the healthcare sector, Kosaraju’s expertise is expected to play a crucial role in advising clients and driving growth in this vital industry.

According to The American Bazaar, Kosaraju’s return to JPMorgan marks a significant step in the bank’s ongoing commitment to enhancing its investment banking capabilities within the healthcare sector.

Tamil Nadu Becomes Key Destination for Companies Shifting from China

Tamil Nadu is becoming a key destination for global companies diversifying from China, according to economist Arvind Subramanian, who highlights the state’s role in India’s industrial growth.

Tamil Nadu has emerged as one of India’s most attractive destinations for global companies seeking to diversify their manufacturing operations away from China. This shift is strengthening the state’s position as a key driver of India’s industrial and inclusive growth, according to economist Arvind Subramanian.

Speaking at an event that marked the launch of a major laptop distribution scheme for government college students, Subramanian emphasized that Tamil Nadu’s manufacturing success challenges long-held assumptions about India’s inability to replicate China’s rapid industrial growth.

“If India has to develop today, then the Hindi heartland has to become what Tamil Nadu is today,” Subramanian stated. “Leading states like Tamil Nadu can be a model that others can emulate by attracting talent, knowledge, and technology.”

As a member of the five-member Economic Advisory Council to Tamil Nadu Chief Minister M K Stalin, Subramanian highlighted that the state has become a preferred hub for global manufacturers under the widely discussed “China-plus-one” strategy. This strategy encourages multinational firms to seek alternative production bases to reduce their dependence on China.

Subramanian reframed the narrative often raised by economists and policymakers regarding India’s growth compared to China. He suggested that instead of questioning why India cannot grow like China, the focus should shift to why certain parts of India cannot achieve growth similar to that of Tamil Nadu.

“When people ask why India can’t grow like China, the question suddenly becomes why some parts of India can’t grow like the China of Tamil Nadu in India itself,” he remarked. “The question and the perspective changes completely.”

He attributed Tamil Nadu’s success to a consistent government focus on social justice, broad-based education, human capital development, and economic dynamism. According to Subramanian, these factors have created a stable ecosystem that attracts long-term investment rather than speculative capital.

Subramanian noted that Tamil Nadu has played a crucial role in expanding low-skill formal manufacturing, which he described as essential for inclusive growth and employment generation. “While we are all rightly focusing on artificial intelligence and the knowledge economy, we should not forget that manufacturing still has a very big role to play in creating jobs and inclusive growth,” he said.

He pointed out that when global companies first began diversifying their supply chains away from China, India did not receive a significant portion of the investment. “In that first wave, very little capital came to India. It went to Vietnam and Indonesia,” he explained. “But in the last three, four, five years, the one location that these investors are increasingly choosing is Tamil Nadu.”

The shift is evident in the “range and variety” of companies that have established operations in the state, spanning sectors such as electronics, precision manufacturing, and advanced materials. Tamil Nadu has become a central hub for Apple’s manufacturing operations in India, with global supplier Foxconn and domestic player Tata Electronics Private Limited (TEPL) setting up large-scale facilities. This positioning has made Tamil Nadu the focal point of Apple’s India production strategy.

In addition, major U.S. technology companies such as Cisco and Corning have established manufacturing units in Tamil Nadu in recent years, reinforcing the state’s reputation as a reliable destination for high-value global manufacturing.

Subramanian made these remarks during the launch of a state government initiative to distribute laptops to 10 lakh government college students, aimed at strengthening digital access and skills among youth. Chief Minister M K Stalin announced that the laptops are being manufactured by global brands, including HP, Dell, and Acer, and are equipped with high configurations suitable for academic and technical use.

“These laptops are designed to meet the needs of students,” Stalin said, adding that the government would continue to support young people so that “their only job is to study.”

This initiative reflects Tamil Nadu’s broader strategy of pairing industrial growth with investment in human capital—a combination that economists say is critical to sustaining long-term development.

Subramanian emphasized that Tamil Nadu’s experience demonstrates that India is capable of building globally competitive manufacturing ecosystems, provided the right policy mix is in place. “Tamil Nadu is challenging the narrative that India cannot replicate the China miracle,” he said, noting that strong state-level governance can compensate for national-level constraints.

By combining social equity, education, and manufacturing-led growth, Tamil Nadu has positioned itself as a blueprint for other Indian states seeking to attract global investment and generate employment at scale.

As geopolitical tensions reshape global supply chains, Tamil Nadu’s rise as a manufacturing hub underscores the importance of stable institutions, skilled labor, and proactive governance. For policymakers across India, the state’s trajectory offers a compelling case study of how regional success can drive national transformation, according to Global Net News.

Malicious Chrome Extensions Discovered Stealing Sensitive User Data

Two malicious Chrome extensions, “Phantom Shuttle,” were found stealing sensitive user data for years before being removed from the Chrome Web Store, raising concerns about online security.

Security researchers have recently exposed two Chrome extensions, known as “Phantom Shuttle,” that have been stealing user data for years. These extensions, which were designed to appear as harmless proxy tools, were found to be hijacking internet traffic and compromising sensitive information from unsuspecting users. Alarmingly, both extensions were available on Chrome’s official extension marketplace.

According to researchers at Socket, the extensions have been active since at least 2017. They were marketed towards foreign trade workers needing to test internet connectivity from various regions and were sold as subscription-based services, with prices ranging from approximately $1.40 to $13.60. At first glance, the extensions seemed legitimate, with descriptions that matched their purported functionality and reasonable pricing.

However, the reality was far more concerning. After installation, the Phantom Shuttle extensions routed all user web traffic through proxy servers controlled by the attackers. These proxies utilized hardcoded credentials embedded directly into the extension’s code, making detection difficult. The malicious logic was concealed within what appeared to be a legitimate jQuery library, further complicating efforts to identify the threat.

The attackers employed a custom character-index encoding scheme to obscure the credentials, ensuring they were not easily accessible. Once activated, the extensions monitored web traffic and intercepted HTTP authentication challenges on any site visited by the user. To maintain control over the traffic flow, the extensions dynamically reconfigured Chrome’s proxy settings using an auto-configuration script, effectively forcing the browser to route requests through the attackers’ infrastructure.

In its default “smarty” mode, Phantom Shuttle routed traffic from over 170 high-value domains, including developer platforms, cloud service dashboards, social media sites, and adult content portals. Notably, local networks and the attackers’ command-and-control domain were excluded, likely to avoid raising suspicion or disrupting their operations.

While functioning as a man-in-the-middle, the extensions were capable of capturing any data submitted through web forms. This included usernames, passwords, credit card details, personal information, session cookies from HTTP headers, and API tokens extracted from network requests. The potential for data theft was significant, raising serious concerns about user privacy and security.

Following the revelations, CyberGuy reached out to Google, which confirmed that both extensions had been removed from the Chrome Web Store. This incident underscores the importance of vigilance when it comes to browser extensions, as they can significantly increase the attack surface for cyber threats.

To mitigate risks associated with browser extensions, users are advised to regularly review the extensions installed on their devices. It is essential to scrutinize any extension that requests extensive permissions, particularly those related to proxy tools, VPNs, or network functionalities. If an extension seems suspicious, users should disable it immediately to prevent any potential data breaches.

Additionally, employing strong antivirus software can provide an extra layer of protection against suspicious network activity and unauthorized changes to browser settings. This software can alert users to potential threats, including phishing emails and ransomware scams, helping to safeguard personal information and digital assets.

Ultimately, the Phantom Shuttle incident serves as a reminder of the dangers posed by malicious extensions that masquerade as legitimate tools. Users must remain vigilant and proactive in managing their browser extensions to protect their online privacy and security. As the landscape of cyber threats continues to evolve, staying informed and cautious is crucial.

For further information on cybersecurity and best practices, visit CyberGuy.com.

Iran Introduces Monthly Payments Amid Protests Over Economic Crisis

Iran has announced a shift to direct monthly payments of approximately $7 for citizens as protests escalate amid a severe economic crisis.

In a significant policy shift, the Iranian government has decided to replace its long-standing import subsidies with direct monthly payments to citizens, aimed at alleviating economic pressures. The announcement, made by government spokesperson Fatemeh Mohajerani on Iranian State TV, comes as protests intensify across the nation.

The new measure will provide eligible Iranians with one million Iranian tomans, equivalent to about $7, intended to help preserve household purchasing power, control inflation, and ensure food security. This initiative marks a departure from previous economic strategies that relied heavily on subsidizing imports.

Under the proposed plan, approximately $10 billion previously allocated for import subsidies will now be redirected to support the public directly. The labor minister indicated that around 80 million people, representing the majority of Iran’s population, are expected to receive these payments in the form of credit for purchasing goods.

The decision to implement these payments comes at a time when Iran’s economy is grappling with severe challenges, including international sanctions and declining oil revenues. The Iranian currency has lost more than half of its value against the U.S. dollar, exacerbating the financial strain on citizens.

According to the Statistical Center of Iran, a state-run agency, the average annual inflation rate reached 42.2% in December, further highlighting the economic turmoil facing the country. The payments were announced amidst widespread protests that have involved merchants, traders, and university students, leading to the shutdown of marketplaces and rallies on campuses.

The protests have spread to at least 78 cities and 222 locations, as reported by the U.S.-based Human Rights Activists in Iran (HRAI). Demonstrators are calling for an end to the regime led by the 86-year-old Supreme Leader Ali Khamenei. HRAI has reported that the regime’s security forces have killed at least 20 individuals, including three children, and arrested around 990 people, with more than 40 of those detained being minors.

As the situation continues to evolve, the Iranian government faces mounting pressure from both its citizens and the international community. The effectiveness of the new payment scheme in quelling unrest remains to be seen, as many citizens express skepticism about the government’s ability to address the underlying economic issues.

According to The New York Times, the Iranian government’s shift to direct payments reflects a recognition of the urgent need to respond to the growing discontent among the populace.

Indian-American Ravi Bhalla Appointed to Lead Dundon’s Infrastructure Finance Division

Ravi Bhalla, the first Sikh mayor of Hoboken, New Jersey, will join Dundon Advisers LLC as Managing Director to lead the firm’s infrastructure finance business starting January 15.

Ravinder “Ravi” S. Bhalla, who made history as the first Sikh mayor of Hoboken, New Jersey, is set to join Dundon Advisers LLC on January 15 as Managing Director. In this role, he will lead the firm’s infrastructure finance business and will also be associated with its affiliates, Dundon Markets LLC and IslandDundon LLC.

At 52 years old, Bhalla transitions to this new position after completing his second and final term as mayor. He is also beginning his first term as a member of the New Jersey State Assembly, where he will represent Hoboken and parts of Jersey City.

Born and raised in New Jersey, Bhalla has been a prominent figure in local politics. He won the mayoral election in 2017 and was re-elected in 2021 without opposition. Prior to his tenure as mayor, he served for eight years on the Hoboken City Council.

Bhalla’s professional background includes experience as an attorney in private practice. He holds an AB from the University of California at Berkeley, an MSc from the London School of Economics, and a JD from Tulane University Law School.

Matthew Dundon, principal of Dundon, expressed enthusiasm about Bhalla’s appointment, stating, “We are excited to offer our private- and public-sector clients Ravi’s tremendous leadership in bringing critical infrastructure investments from concept to reality.” He emphasized that Bhalla’s experience will enhance the firm’s capabilities in both local and global infrastructure projects.

In his new role, Bhalla aims to leverage his extensive experience in infrastructure investment. He stated on LinkedIn, “I will be serving as a leader in the firm’s Infrastructure Finance business, advising institutional clients on financing strategies and capital solutions for large-scale infrastructure public and private projects.”

Bhalla elaborated on his responsibilities, noting that his role will involve navigating the intersection of capital markets, public finance, and infrastructure delivery. He aims to help organizations bring critical projects from concept to reality through thoughtful project feasibility reviews, analysis, structuring, and the alignment of public-private partnerships.

Throughout his career, Bhalla has focused on the entire lifecycle of infrastructure investment, from prioritization and design to funding strategy and execution. He highlighted a notable achievement during his time as mayor: Hoboken’s leadership in the Rebuild by Design – Hudson River (RBD-HR) initiative. This nationally recognized resilience project integrates engineering, green infrastructure, and community-centered design to protect the region from climate-related risks.

Bhalla emphasized that such efforts rely on strong policy and planning, as well as innovative climate finance approaches. He noted the importance of leveraging federal and state funding, forging partnerships with the private sector, and structuring funding mechanisms to deliver impactful projects at scale.

As Bhalla embarks on this new chapter with Dundon Advisers, he brings a wealth of experience and a commitment to advancing smart infrastructure investment, supported by capital markets and governmental collaboration.

According to The American Bazaar, Bhalla’s leadership is expected to significantly contribute to the firm’s mission of facilitating critical infrastructure projects.

Former Chevron Executive Pursues $2 Billion for Venezuelan Oil Projects

Ali Moshiri, a former Chevron executive, is seeking $2 billion to invest in Venezuelan oil projects following recent U.S. actions against Nicolás Maduro.

Ali Moshiri, a former executive at Chevron, is in the process of raising $2 billion for oil projects in Venezuela, spurred by recent developments involving the U.S. government’s actions against Nicolás Maduro. Following the capture of Maduro, former President Donald Trump indicated that the U.S. would tap into Venezuela’s vast oil reserves and manage the country until a stable transition could be established.

Moshiri’s investment fund, Amos Global Energy Management, has pinpointed several Venezuelan assets and is currently in discussions with institutional investors regarding a private placement aimed at jumpstarting investment in the region, as reported by the Financial Times.

“I’ve had a dozen calls over the past 24 hours from potential investors. Interest in Venezuela has gone from zero to 99 percent,” Moshiri stated in an interview with the Financial Times. Following Maduro’s capture, Trump announced that American oil companies were ready to invest billions to restore Venezuela’s crude production, a move that could potentially stimulate global economic growth by increasing supply and lowering energy prices.

While the U.S. military action has raised the prospect of a corporate influx into the oil-rich nation, major U.S. oil companies are approaching the situation with caution. Concerns about political instability, a history of asset expropriation in Venezuela, and the substantial investments required to boost production have made many executives wary.

An industry insider noted that the chief executives of ExxonMobil, Chevron, and ConocoPhillips were taken by surprise by the U.S. military intervention. “None of the industry players that have the capital and the expertise to invest in Venezuela were advised or consulted prior to either the removal of Maduro or the president making his statements yesterday,” the insider remarked.

Harold Hamm, a prominent U.S. shale tycoon and supporter of Trump, expressed that his company, Continental Resources, would consider investing in Venezuela under favorable conditions. “While we do not have any immediate plans with respect to Venezuela, we believe the country has significant resource potential, and with improved regulatory and governmental stability, we would definitely consider future investment,” Hamm stated.

Trump had explicitly encouraged U.S. companies to invest in Venezuela, while Secretary of State Marco Rubio indicated openness to investment from U.S. allies but not from adversaries. China, which is Venezuela’s largest oil customer, along with Russian companies, has previously invested in the country’s oil sector.

“What we’re not going to allow is for the oil industry in Venezuela to be controlled by adversaries of the United States,” Rubio told NBC News’ “Meet the Press.” He questioned the motivations of countries like China, Russia, and Iran in seeking Venezuelan oil, emphasizing the geopolitical implications of such investments.

Moshiri has previously attempted to acquire Venezuelan assets. In 2022, he entered a joint venture with Gramercy Funds Management to invest in the offshore Gulf of Paria. Amos Global Energy Management later agreed to purchase some oil and gas assets from China’s Sinopec. However, Moshiri claims these deals fell through due to a lack of support from the Biden administration. “Now, with the Trump administration, which is more commercially friendly and economically driven, we are starting a new fund and are very confident,” he said.

As Moshiri seeks to navigate this complex landscape, the future of Venezuelan oil investment remains uncertain, heavily influenced by both domestic political dynamics and international relations.

According to the Financial Times, Moshiri’s efforts reflect a significant shift in interest towards Venezuelan oil, highlighting the potential for renewed investment in a country rich in natural resources.

Venezuela Crisis Fuels Investor Interest in Gold Amid Strong Dollar

The ongoing political turmoil in Venezuela is driving investors toward gold as a safe-haven asset, while the U.S. dollar remains stable against major currencies.

Global markets exhibited caution on Monday as escalating political unrest in Venezuela heightened demand for safe-haven assets, resulting in a notable increase in gold prices while the U.S. dollar held firm against major currencies.

The recent uncertainty stems from a U.S. military operation that led to the capture of Venezuelan President Nicolás Maduro, significantly raising geopolitical risks in Latin America. Although markets have thus far avoided severe turbulence, this event has introduced a note of caution as trading begins in the new year.

The U.S. dollar has strengthened against the euro, Japanese yen, and Swiss franc, bolstered by its traditional role as a refuge during periods of global instability. Currency traders appear to be balancing geopolitical concerns with expectations surrounding U.S. economic data and the Federal Reserve’s policy outlook. Strong indicators from the U.S. labor market and resilient growth expectations continue to support the dollar’s strength.

Meanwhile, gold prices surged as investors sought protection from geopolitical risks. Spot gold rose sharply in early trading, climbing more than one percent to approach recent highs. This rally reflects a renewed demand for safe-haven assets as markets evaluate the broader implications of the situation in Venezuela.

Typically, gold prices move inversely to the dollar, as a stronger U.S. currency makes the metal more expensive for buyers using other currencies. However, analysts suggest that the current environment indicates a risk-averse sentiment, where investors are simultaneously seeking safety in both assets.

A senior commodities analyst at a global brokerage firm stated, “The move into gold suggests investors are hedging against uncertainty rather than making directional bets on currencies.”

The crisis in Venezuela adds complexity to an already intricate global backdrop for precious metals. In recent months, gold prices have been supported by expectations of potential U.S. interest rate cuts later in 2026, along with ongoing purchases by central banks and concerns about geopolitical flashpoints worldwide.

Market participants remain cautious as they await further clarity on the evolving situation in Venezuela. Analysts note that any prolonged instability or shifts in policy could significantly influence commodity markets, particularly if sanctions or supply chains are affected.

For now, the market reaction underscores how geopolitical shocks can reinforce existing trends. The dollar continues to benefit from its safe-haven status and robust economic fundamentals, while gold is attracting renewed interest as investors seek insurance against uncertainty.

As global markets progress into the new year, attention is expected to remain focused on geopolitical developments and upcoming economic data, all of which will shape investor sentiment in the weeks ahead, according to The American Bazaar.

Venezuelan President Maduro’s Capture Raises Concerns in Global Oil Markets

Venezuelan President Nicolás Maduro has been captured in a U.S. operation, raising concerns about the future of the nation’s oil reserves and political stability.

Venezuelan President Nicolás Maduro has been captured and removed from the country following a significant U.S. operation in Caracas. This development has raised urgent questions regarding the stability of Venezuela and its control over vast oil reserves.

Venezuela is home to one of the largest concentrations of crude oil in the world, with an estimated 303 billion barrels, which accounts for roughly 20% of global reserves, according to the U.S. Energy Information Administration. The future of this oil will play a crucial role in shaping the country’s next chapter.

As oil prices remain uncertain heading into the weekend, short-term fluctuations will largely depend on developments in the coming days. Under Maduro’s leadership, Venezuela’s socialist government has historically been hostile to foreign oil investment, resulting in significant disrepair of much of the country’s energy infrastructure.

The political direction of Venezuela is now unclear, raising questions about whether a future administration will maintain strict control over the struggling oil sector or adopt a more open approach to attract international investment and revive production.

Phil Flynn, a senior market analyst at the Price Futures Group, remarked, “For oil, this has the potential for a historic event. The Maduro regime and Hugo Chavez basically ransacked the Venezuelan oil industry.”

U.S. Secretary of State Marco Rubio announced that American operations in Venezuela have concluded following Maduro’s capture. Venezuelan Vice President Delcy Rodríguez, a key figure in the socialist government that has been in power since 1999, could potentially step in. However, analysts suggest that little would likely change under her leadership in the short term.

Maduro’s removal raises the possibility of a political power vacuum, leaving the future of Venezuela uncertain. The United States continues to recognize exiled leader Edmundo Gonzalez as the legitimate president, with support from 2025 Nobel Peace Prize winner María Corina Machado.

Flynn noted, “The next 24 to 48 hours will be huge. If we see signs that the Venezuelan military supports the opposition, that’ll be a big win for global markets. On the flipside, if there’s a sense this will lead to further conflict or a civil war in Venezuela, we’ll get the opposite reaction.”

Despite possessing the world’s largest oil reserves, Venezuela’s production remains significantly below its potential due to decades of mismanagement, underinvestment, and international sanctions. Official data indicates that the country holds approximately 17% of global reserves, surpassing OPEC leader Saudi Arabia, according to the London-based Energy Institute.

Venezuela was a founding member of OPEC alongside Iran, Iraq, Kuwait, and Saudi Arabia. In the 1970s, the country produced as much as 3.5 million barrels per day, accounting for over 7% of global output at that time. However, by the 2010s, production had fallen below 2 million barrels per day, averaging just around 1.1 million barrels per day last year.

The nationalization of Venezuela’s oil industry in the 1970s led to the formation of Petroleos de Venezuela S.A. The United States was once the country’s largest oil customer, but over the past decade, China has emerged as the main buyer following U.S. sanctions.

Exports effectively halted after former President Trump imposed a blockade on all vessels entering or leaving Venezuela in December 2025. PDVSA, the state-owned oil company, also controls substantial refining assets abroad, including CITGO in the United States. However, creditors have been engaged in long-running legal battles in U.S. courts to seize control of these assets.

The future of Venezuela’s oil industry and political landscape remains uncertain in the wake of Maduro’s capture, with global markets closely monitoring the situation.

According to American Bazaar.

Supreme Court Tariffs Case and Fed Chair Selection Challenge Trump’s Economic Agenda

As the Supreme Court prepares to rule on Trump’s tariff authority, the White House is set to announce the next Federal Reserve chair, both decisions poised to significantly impact the U.S. economy.

Two pivotal economic policy decisions are approaching in Washington: a Supreme Court ruling regarding tariffs and the anticipated announcement of the next Federal Reserve chair. Both developments carry substantial implications for trade, financial markets, and the future of U.S. monetary policy.

At the Supreme Court, two cases have emerged that President Donald Trump has described as “life or death” for the country. These cases compel the nation’s highest court to examine the extent of presidential power in reshaping U.S. trade policy. The lawsuits—Learning Resources Inc. v. Trump and Trump v. V.O.S. Selections Inc.—were filed by an educational toy manufacturer and a family-owned wine and spirits importer, both challenging Trump’s tariffs.

Central to both cases is a critical question: does the International Emergency Economic Powers Act (IEEPA) grant the president the authority to impose tariffs, or does such action overstep constitutional boundaries?

Tariffs are taxes imposed by the government on imported goods. While companies pay these taxes at the border, they often pass the additional costs onto consumers, meaning that the public ultimately bears much of the financial burden. Since Trump announced sweeping “Liberation Day” tariffs in April, total duty revenue has surged to $215.2 billion for fiscal year 2025, which concluded on September 30, according to the Treasury Department’s Customs and Certain Excise Taxes report. This revenue trend has continued into the new fiscal year, with the government collecting $96.5 billion in duties since October 1, as per the latest statement from the Treasury.

In the meantime, two candidates are competing for the influential role of Federal Reserve chair: Kevin Hassett and Kevin Warsh. The appointment to lead the world’s most powerful central bank comes at a time when persistently high living costs are testing Trump’s economic agenda. The Federal Reserve, responsible for setting borrowing costs and influencing inflation, plays a crucial role in Americans’ daily financial realities.

The next Fed chair will oversee significant interest-rate decisions and efforts to manage inflation, making the position one of the most consequential in U.S. economic policymaking.

Warsh, a former Morgan Stanley banker, has positioned himself as a vocal critic of the current Fed leadership, intensifying his critiques as he seeks to replace Chair Jerome Powell. He previously made history as the youngest person to serve on the Federal Reserve Board of Governors in 2006.

Hassett, on the other hand, is Trump’s chief economic adviser and a staunch supporter of the administration’s policies. He currently directs the White House’s National Economic Council and has held two senior roles during Trump’s first term, advising the president on economic policy throughout the 2024 campaign.

Treasury Secretary Scott Bessent, who has been instrumental in shaping Trump’s shortlist for the Fed’s top position, has known both Warsh and Hassett for over 20 years and considers them equally qualified for the role.

Trump has advocated for significant rate cuts, urging the Federal Reserve to reduce its benchmark interest rate to 1% to stimulate economic growth. His criticism of Federal Reserve Chairman Jerome Powell, whom he appointed in 2017, has at times taken on a personal tone, with Trump assigning the Fed chair various mocking nicknames.

Powell is expected to complete his term in May 2026, at which point the next chair will assume leadership of the Federal Reserve.

These developments underscore the ongoing tension between trade policy and monetary policy, as both the Supreme Court and the White House prepare to make decisions that could reshape the economic landscape in the United States.

As the nation awaits these crucial rulings and appointments, the implications for American consumers and the broader economy remain significant, with many looking to see how these changes will affect their financial futures.

According to Fox News, the outcomes of these cases and appointments will be closely monitored as they unfold.

Trump Provides One-Year Relief from Furniture Tariffs

President Trump has announced a one-year delay on planned tariff increases for certain home goods, providing relief to consumers and businesses amid ongoing trade negotiations.

In a move aimed at easing economic pressures, President Donald Trump signed a proclamation on New Year’s Eve to postpone higher tariffs on select home goods for one year. This decision impacts products such as upholstered furniture, kitchen cabinets, and vanities, which were set to face increased tariffs starting January 1, 2026.

Under the new proclamation, the existing 25% tariffs will remain in effect, while the planned increases—30% on furniture and 50% on cabinets and vanities—have been delayed until January 1, 2027. The White House cited ongoing trade negotiations and the need to alleviate potential cost pressures on consumers and businesses as key reasons for this delay.

This postponement provides retailers, distributors, and manufacturers with additional time to strategize regarding pricing, sourcing, and inventory management under the current tariff structure. Analysts suggest that maintaining the existing rates will help businesses avoid sudden cost increases while trade discussions continue.

The decision aligns with Trump’s broader approach to tariffs, which has involved selectively imposing, postponing, or adjusting rates to balance domestic economic interests with international negotiations. For consumers, this delay temporarily mitigates immediate price hikes on home goods, although the ultimate effects will depend on domestic demand and global supply chain dynamics.

The proclamation underscores the ongoing influence of executive action in shaping U.S. trade policy. By delaying the tariff increases, the administration aims to alleviate immediate price pressures on households and support domestic industries reliant on imported goods.

However, the long-term implications of this delay for trade negotiations and industry strategies remain uncertain. The broader economic impacts for consumers and manufacturers are still difficult to predict. It is also unclear whether the postponed tariffs will ultimately affect future trade agreements or provoke responses from trading partners.

This situation illustrates the ongoing flexibility and tactical use of tariffs as tools for achieving economic and political objectives. Decisions regarding tariffs can have far-reaching consequences, influencing supply chains, manufacturing, pricing, and international competitiveness.

Policymakers must carefully consider the potential benefits of protecting domestic industries against the unpredictable reactions of global markets. The outcomes of such decisions are often challenging to foresee.

For businesses, the delay presents opportunities for planning and adaptation, but it also necessitates continuous vigilance in monitoring international developments and policy changes. While consumers may enjoy short-term price stability, future fluctuations in trade policy could still lead to unexpected costs.

This recent tariff relief highlights the complexities of trade policy and its direct impact on both consumers and businesses across the nation, as the administration navigates the intricate landscape of international trade relations.

According to The American Bazaar, this decision reflects the administration’s ongoing efforts to balance domestic economic needs with the realities of global trade negotiations.

2026 May See Major IPOs from SpaceX, OpenAI, and Anthropic

As 2026 approaches, major tech companies SpaceX, OpenAI, and Anthropic are preparing for potential initial public offerings that could reshape U.S. capital markets and the tech landscape.

As 2026 unfolds, it is shaping up to be a pivotal year for U.S. capital markets. A rare convergence of potential blockbuster listings is drawing attention from Wall Street to Silicon Valley. Three of the country’s most valuable private technology companies—SpaceX, OpenAI, and Anthropic—are edging closer to long-anticipated initial public offerings (IPOs), setting the stage for what could be one of the most consequential IPO cycles in recent memory. Investors and analysts are watching closely, aware that these debuts could reshape market sentiment and the trajectory of the tech sector.

Together, the three companies are expected to enter public markets with combined valuations nearing $3 trillion. If realized, this would mark one of the largest single-year waves of new listings in the history of the New York Stock Exchange and Nasdaq, delivering an unprecedented liquidity event for U.S. equity markets.

However, these offerings represent far more than new ticker symbols. They signal a broader shift in the global economy, moving away from traditional software and digital services toward frontier industries such as orbital infrastructure and advanced artificial intelligence. For many market watchers, 2026 could be the year when the AI economy and space technology go fully mainstream, offering both retail investors and institutional funds direct exposure to technologies expected to shape the rest of the century.

As public markets open up to these once tightly held private giants, the boundaries of who can invest in future-defining innovation are beginning to change. The path to these potential mega listings has been deliberate. Each company has spent years reshaping its corporate structure, raising vast sums of capital, and achieving key technological milestones.

SpaceX has pushed forward with its Starship program in an effort to make orbital launches cheaper, faster, and more routine. OpenAI has relied on its public benefit structure to balance rapid commercial growth with its broader mission as it scales. Anthropic, meanwhile, has focused on building enterprise-ready AI systems, carving out a niche that resonates with businesses and long-term investors alike. Together, these strategic choices have positioned all three companies as leaders in their fields while drawing intense global market interest.

SpaceX is widely viewed as the centerpiece of the 2026 IPO narrative, with market expectations placing its valuation around $1.5 trillion. Unlike legacy aerospace firms, the company operates a vertically integrated launch and space services ecosystem. Central to its financial story is Starlink, its satellite internet business, which has grown into a global service with more than 8.5 million users. This recurring revenue base has strengthened SpaceX’s case for entering public markets and plays a key role in how investors are evaluating a future listing.

OpenAI’s anticipated move toward a 2026 listing tells a more complex story, shaped by the balance between innovation and responsibility. Its transition to a Public Benefit Corporation was intended to support commercial expansion while staying anchored to its stated goal of developing safe artificial general intelligence. Market estimates place OpenAI’s valuation between $800 billion and $1 trillion, driven by strong enterprise demand, widespread API adoption, and rapid revenue growth. By the end of 2025, its annualized revenue had surpassed $20 billion, highlighting why investor interest remains intense.

Anthropic, by contrast, is approaching a potential listing with a more measured strategy focused on enterprise adoption and safety standards. Valued between $300 billion and $350 billion, the company has built deep partnerships with Amazon and Google to position its Claude AI platform as a trusted solution for regulated industries such as healthcare, finance, and legal services. This emphasis on high-margin, enterprise-led revenue has made Anthropic particularly attractive to institutional investors seeking scale with stability.

If these listings move ahead as expected, the combined public debuts of SpaceX, OpenAI, and Anthropic would inject trillions of dollars of fresh liquidity into U.S. markets. Major mutual funds and exchange-traded funds are likely to rebalance portfolios to accommodate these new giants, potentially redirecting capital away from established technology firms.

Wall Street banks are also preparing for what could be their most lucrative year in more than a decade, with underwriting, advisory, and trading revenues poised to surge. Even so, amid the optimism, investors remain mindful that significant risks still lie ahead.

As the countdown to 2026 continues, the potential IPOs of SpaceX, OpenAI, and Anthropic promise to reshape the landscape of U.S. capital markets, marking a significant moment in the evolution of technology investment.

According to The American Bazaar.

Rising RAM Prices Expected to Increase Technology Costs by 2026

The rising cost of RAM is expected to increase the prices of various tech devices in 2026, impacting consumers across multiple sectors.

The cost of many electronic devices is likely to rise due to a significant increase in the price of Random Access Memory (RAM), a component typically regarded as one of the more affordable parts of a computer. Since October of last year, RAM prices have more than doubled, raising concerns among manufacturers and consumers alike.

RAM is essential for the operation of devices ranging from smartphones and smart TVs to medical equipment. The surge in RAM prices has been largely attributed to the growing demand from artificial intelligence (AI) data centers, which require substantial amounts of memory to function effectively.

While manufacturers often absorb minor cost increases, substantial hikes like this one are typically passed on to consumers. Steve Mason, general manager of CyberPowerPC, a company that specializes in building computers, noted, “We are being quoted costs around 500% higher than they were only a couple of months ago.” He emphasized that there will inevitably come a point where these elevated component costs will compel manufacturers to reconsider their pricing strategies.

Mason further explained that any device utilizing memory or storage could see a corresponding price increase. RAM plays a critical role in storing code while a device is in use, making it a vital component in every computer system.

Danny Williams, a representative from PCSpecialist, another computer building site, expressed his expectation that price increases would persist “well into 2026.” He remarked on the buoyant market conditions of 2025 and warned that if memory prices do not stabilize, there could be a decline in consumer demand in the upcoming year. Williams observed a varied impact across different RAM producers, with some vendors maintaining larger inventories, resulting in more moderate price increases of approximately 1.5 to 2 times. In contrast, other companies with limited stock have raised prices by as much as five times.

Chris Miller, author of the book “Chip War,” identified AI as the primary driver of demand for computer memory. He stated, “There’s been a surge of demand for memory chips, driven above all by the high-end High Bandwidth Memory that AI requires.” This heightened demand has led to increased prices across various types of memory chips.

Miller also pointed out that prices can fluctuate dramatically based on supply and demand dynamics, which are currently skewed in favor of demand. Mike Howard from Tech Insights elaborated on this by indicating that cloud service providers are finalizing their memory needs for 2026 and 2027. This clarity in demand has made it evident that supply will not keep pace with the requirements set by major players like Amazon and Google.

Howard remarked, “With both demand clarity and supply constraints converging, suppliers have steadily pushed prices upward, in some cases aggressively.” He noted that some suppliers have even paused issuing price quotes, a rare move that signals confidence in the expectation that prices will continue to rise.

As the tech industry braces for these changes, consumers may soon find themselves facing higher costs for a wide range of devices, from personal electronics to essential medical equipment. The ongoing fluctuations in RAM prices underscore the interconnected nature of technology supply chains and the impact of emerging trends like AI on everyday consumer products.

According to American Bazaar, the implications of rising RAM prices could be felt across various sectors, prompting both manufacturers and consumers to prepare for a potentially challenging economic landscape in 2026.

NYU Tandon School Launches New Robotics Hub in Brooklyn

The NYU Tandon School of Engineering has launched the Center for Robotics and Embodied Intelligence in Brooklyn, enhancing its role in robotics and artificial intelligence research.

BROOKLYN, NY – The NYU Tandon School of Engineering has officially inaugurated the Center for Robotics and Embodied Intelligence, a significant development that positions the institution at the forefront of robotics and physical artificial intelligence research on the East Coast.

Located in Downtown Brooklyn, the new center is a key component of NYU’s ambitious $1 billion investment in engineering and global science initiatives. This investment underscores Tandon’s commitment to interdisciplinary research in AI-driven robotics.

Juan de Pablo, NYU’s Executive Vice President for Global Science and Technology, will oversee the center. He emphasized the transformative potential of the intersection between robotics and AI, stating, “The intersection between robotics and AI offers unprecedented opportunities for technological developments that will bring enormous benefits to industry and society.” De Pablo added that the center will act as a hub for discovery and innovation in this dynamic field.

Among the founding co-directors is Lerrel Pinto, an assistant professor of computer science at NYU’s Courant Institute. Pinto, who is of Indian American descent, will play a pivotal role in defining the center’s research agenda, which emphasizes embodied intelligence. This approach allows robots to learn movement and decision-making by engaging with the physical world and analyzing human motion. He will work alongside co-directors Ludovic Righetti and Chen Feng to lead a research team comprising over 70 faculty members, postdoctoral scholars, and students.

The center boasts a substantial physical infrastructure, featuring 10,000 square feet of collaborative experimental space designed to foster interdisciplinary cooperation. Its flagship facility includes a 6,800 square foot lab dedicated to advanced robotics testing, complemented by an additional 2,200 square foot space for large-scale multi-robot experiments.

Chen Feng highlighted the center’s ambition to position Tandon and New York City as a national hub for robotics research. “We want people to think of the East Coast, not just Silicon Valley, when they think about robotics and embodied AI,” he remarked.

In addition to its research initiatives, the NYU Tandon School of Engineering is set to launch the nation’s first Master of Science degree in Robotics and Embodied Intelligence through the center. This program aims to equip the next generation of engineers and researchers with the skills necessary to advance the field.

The center’s faculty have already secured over $30 million in research funding, bolstered by partnerships with leading industry players such as NVIDIA, Google, Amazon, and Qualcomm. This financial backing underscores the center’s potential to contribute significantly to the evolving landscape of robotics and AI.

As the NYU Tandon School of Engineering continues to expand its capabilities and influence, the Center for Robotics and Embodied Intelligence stands as a testament to its commitment to innovation and excellence in engineering education and research, according to India-West.

Warren Buffett Steps Down as CEO of Berkshire Hathaway After Decades

Warren Buffett has stepped down as CEO of Berkshire Hathaway, passing leadership to Greg Abel, while ensuring the company’s long-term investment philosophy remains intact.

Warren Buffett has officially stepped down as the CEO of Berkshire Hathaway, a role he held for six decades. Under his leadership, the company transformed from a struggling textile mill into a financial powerhouse valued at $1.1 trillion, with interests spanning railroads, utilities, and insurance operations.

Berkshire Hathaway currently boasts over $350 billion in cash and short-term treasuries, alongside $283 billion in publicly traded stock. As Greg Abel takes the helm, investors will closely monitor how he allocates the nearly $900 million in cash generated weekly from the company’s diverse businesses.

<p“He’s inheriting the most privileged place in American business,” remarked Christopher Davis, a partner at Berkshire investor Hudson Value Partners. “Buffett was not only a great investor but someone people looked up to for doing the right thing and dealing fairly, which gave Berkshire some pretty broad latitude.”

With Abel, a longtime executive at Berkshire, now in charge, investors are eager to see if he will uphold Buffett’s investment philosophy. Recently, the company has opted out of several major deals and has steered clear of many high-profile tech investments.

The decision to implement quarterly earnings calls or provide more qualitative insights into the performance of individual business units—something investors have been requesting from Buffett—now rests with Abel.

Abel, who hails from Canada and has a background in Berkshire’s utilities division, has indicated that the company’s investment philosophy will remain unchanged under his leadership. Last year, he expressed his commitment to targeting businesses that generate substantial cash flows while maintaining Berkshire’s long-term investment horizon. He emphasized the importance of evaluating a company’s economic prospects over a 10 to 20-year period before making investment decisions, whether through outright acquisitions or minority stakes.

<p“It is really the investment philosophy and how Warren and the team have allocated capital for the past 60 years,” Abel stated last May. “It will not change, and it’s the approach we’ll take as we go forward.”

As Buffett steps back, he has indicated a desire to “go quiet,” which suggests a reduced public presence, although he will continue to serve as chairman. Abel will now take over the responsibility of writing Berkshire’s annual shareholder letters, a tradition that Buffett started in 1965. These letters have become essential reading on Wall Street, offering straightforward insights on markets, management, and capital allocation.

<p“Warren, as chairman, will be an advisor to Greg, a cultural anchor, and a real long-term thinker,” said Ann Winblad, managing director at Hummer Winblad Venture Partners and a longtime Berkshire shareholder, during an appearance on CNBC’s “The Exchange.” “Will the company fundamentally change in its strategies? No. The culture of Berkshire Hathaway, which is what I’ve invested in, which is patient, long-term, careful, and decisive investing, will probably still remain.”

As the transition unfolds, both investors and industry observers will be watching closely to see how Greg Abel shapes the future of Berkshire Hathaway while honoring the legacy of Warren Buffett.

According to The American Bazaar, the shift in leadership marks a significant moment in the history of one of the world’s most influential investment firms.

Dollar Declines Amid Fed Divisions and Uncertainty Over Future Rate Cuts

The US dollar is experiencing its steepest decline in nearly a decade, driven by Federal Reserve divisions and expectations of rate cuts as 2026 approaches.

The US dollar is closing out the year with its sharpest decline in nearly a decade, and analysts suggest that this downward trend may continue into 2026. The Bloomberg Dollar Spot Index has fallen by 8.1% in 2025, marking its worst annual performance in eight years.

This decline accelerated following President Donald Trump’s announcement of sweeping tariffs in April, an event he referred to as “Liberation Day.” This move unsettled currency markets and triggered a sustained selloff of the dollar.

Since that announcement, the dollar has remained under pressure as investors reassess US trade policy, economic growth prospects, and global demand for dollar-denominated assets. With these concerns still prevalent, analysts predict that the currency could face further weakness as the new year approaches.

Uncertainty surrounding the Federal Reserve has also contributed to the dollar’s struggles. Trump has indicated that he desires a more flexible Fed chair to be appointed next year, which has added to the pressure on the dollar.

Yusuke Miyairi, a foreign exchange market analyst at Nomura, stated that the central bank will be a key driver for the currency in early 2026. “The biggest factor for the dollar in the first quarter will be the Fed,” he noted, emphasizing that the focus will not only be on the meetings scheduled for January and March but also on who will succeed Jerome Powell as Fed Chair when his term ends in May.

Market expectations are now factoring in at least two interest rate cuts in the US next year. This outlook risks putting American monetary policy out of sync with several other advanced economies, making the dollar less attractive to global investors seeking higher returns.

The euro has already begun to gain ground against the dollar, as inflation in Europe remains relatively contained. Additionally, expectations of increased defense spending are bolstering growth prospects in the region, leading investors to anticipate little chance of rate cuts in the near term.

In contrast, traders in Canada, Sweden, and Australia are positioning for possible rate hikes, highlighting how divergent the US policy path could become compared to its peers.

As the market closely monitors the Federal Reserve, speculation continues regarding who will take over from Jerome Powell. Trump has hinted that he has made a decision regarding the next Fed chair but has not disclosed the name. He has also suggested the possibility of removing Powell before the end of his term, further complicating the outlook for the dollar.

Kevin Hassett, who leads the National Economic Council, is widely regarded as the frontrunner for the Fed position. Trump has also mentioned Kevin Warsh, a former Fed governor, while other potential candidates include current Fed governors Christopher Waller and Michelle Bowman, as well as Rick Rieder from BlackRock.

Andrew Hazlett, a foreign currency trader at Monex Inc., commented, “Hassett would be more or less priced in since he has been the frontrunner for some time now, but Warsh or Waller would likely not be as quick to cut, which would be better for the dollar.”

Federal Reserve officials remain divided over the timing of the next rate cuts. Some members see room for additional reductions if inflation continues to ease, while others advocate for maintaining rates at their current levels for a longer period. These differing viewpoints were highlighted in meeting records released recently.

In December, the Fed voted 9-3 to lower its key rate by a quarter point, marking the third consecutive reduction. The benchmark rate now stands between 3.5% and 3.75%, as previously reported by Cryptopolitan.

As the new year approaches, the outlook for the dollar remains uncertain, with many factors at play that could influence its trajectory in 2026.

Air India Enhances Global Presence with Fleet Renewal and New Services

Air India is undergoing a significant transformation with fleet upgrades, enhanced lounges, and a revamped loyalty program, aiming to establish itself as a world-class airline by 2026.

As 2025 approaches its conclusion, Air India is signaling a decisive shift from turnaround efforts to a comprehensive transformation. The airline, owned by the Tata Group, has unveiled a sweeping set of upgrades that encompass aircraft, cabin interiors, lounges, onboard dining, and its loyalty ecosystem. In a detailed message to its Maharaja Club members, Air India described 2025 as a year of visible progress and positioned 2026 as the moment when its global ambitions will fully materialize.

“Our transformation is not theoretical anymore—it is happening every day across our network,” the airline stated in its communication, crediting over 30,000 employees for driving what it termed one of the most ambitious modernization efforts in the carrier’s history. The goal is clear: to build a world-class global airline rooted in Indian hospitality, capable of competing with the best international carriers.

Domestic Skies See the First Wave of Change

Air India’s most tangible improvements in 2025 have emerged in its domestic operations. The airline has introduced more than 104 new and upgraded aircraft, now operating over 3,000 weekly flights that cover nearly 80 percent of its domestic schedule. According to Air India, these changes have fundamentally reshaped the onboard experience for millions of passengers.

Travelers can now enjoy three refreshed cabin classes: an upgraded Economy, India’s only full-service Premium Economy, and a significantly enhanced Business Class. “From ergonomically designed seating to USB and Type-C charging ports at every seat, our intent was to modernize not just the aircraft, but the way passengers interact with them,” the airline noted.

A standout feature has been Vista Stream, Air India’s new wireless in-flight entertainment platform, which offers over 1,200 hours of content streamed directly to passengers’ personal devices. Coupled with redesigned menus and a renewed focus on service warmth, the airline reports a significant increase in positive customer feedback. “We are seeing growing validation from our guests that the experience is genuinely improving,” the message stated.

2026: The Global Reset

While domestic progress has been rapid, Air India has acknowledged that its international product requires deeper renewal. This overhaul is set to accelerate beginning in February 2026, when the airline will commence a full interior refit of its legacy widebody fleet.

The plan is ambitious. Two refurbished Boeing 787 Dreamliners will re-enter service each month, alongside the introduction of six brand-new widebody aircraft, including additional 787s and Airbus A350s. Simultaneously, the long-awaited Boeing 777 refit program will begin. By the end of 2026, Air India expects nearly 65 percent of its widebody fleet—and more than half of its international flights—to feature fully modernized cabins.

“This scale of renewal is unprecedented for Air India,” the airline stated, describing it as a critical step toward restoring competitiveness on long-haul routes across North America, Europe, and beyond.

Lounges, Dining, and the Ground Experience

The transformation extends beyond the aircraft. Air India has confirmed plans to open a flagship international lounge at Delhi Airport in early 2026, followed by a new lounge in San Francisco. Upgrades are also planned for New York JFK, along with a new domestic lounge in Delhi.

“These spaces are being designed to reflect our new identity—modern, premium, and unmistakably Indian,” the airline said.

Onboard dining is also undergoing a comprehensive refresh. A redesigned food and beverage program, which was introduced on select Delhi-departing flights in October, will roll out across the entire network by March 2026. The focus, according to Air India, is on culinary authenticity, higher-quality ingredients, and refined presentation.

Reinventing the Maharaja Club

Perhaps the most strategic shift is occurring in the airline’s loyalty program. Air India has announced a major evolution of the Maharaja Club, aiming to benchmark it against the world’s leading frequent-flyer programs. Planned enhancements include earning and redemption options on Air India Express, member-only fares, no blackout dates, priority services, and improved baggage benefits.

A new co-branded Maharaja Club credit card is also in development, designed to allow members to earn points on everyday spending. “Our goal is to make Maharaja Club more rewarding, more flexible, and more transparent,” the airline stated, adding that access to best-priced award flights will become more frequent.

A Defining Year Ahead

Collectively, these initiatives mark a pivotal moment for India’s flag carrier. With a modernizing fleet, upgraded lounges, elevated dining, and a reimagined loyalty program, Air India is positioning 2026 as a defining year in its resurgence.

“We know there is still work to be done,” the airline acknowledged, “but the direction is clear—and the momentum is real,” according to Global Net News.

Satya Nadella Predicts 2026 Will Mark Significant Advancements in AI

Microsoft CEO Satya Nadella predicts that 2026 will mark a significant transition for artificial intelligence, moving from experimentation to real-world applications.

SEATTLE, WA – Microsoft CEO Satya Nadella has emphasized that 2026 will be a pivotal year for artificial intelligence (AI), signaling a shift from initial experimentation and excitement to broader, real-world adoption of the technology.

In a recent blog post, Nadella articulated that the AI industry is evolving beyond mere flashy demonstrations, moving towards a clearer distinction between “spectacle” and “substance.” This evolution aims to enhance understanding of where AI can truly deliver meaningful impact.

While acknowledging the rapid pace of AI development, Nadella noted that the practical application of these powerful systems has not kept pace. He described the current landscape as a phase of “model overhang,” where AI models are advancing faster than our ability to implement them effectively in daily life, business, and society.

“We are still in the opening miles of a marathon,” Nadella remarked, highlighting that despite remarkable progress, much about AI’s future remains uncertain.

He pointed out that many of today’s AI capabilities have yet to translate into tangible outcomes that enhance productivity, decision-making, or human well-being on a large scale. Reflecting on the early days of personal computing, Nadella referenced Steve Jobs’ famous analogy of computers as “bicycles for the mind,” tools designed to enhance human thought and work.

“This idea needs to evolve in the age of AI,” he stated, suggesting that rather than replacing human thinking, AI systems should be crafted to support and amplify it. He envisions AI as cognitive tools that empower individuals to achieve their goals more effectively.

Nadella further argued that the true value of AI does not lie in the power of a model itself, but rather in how individuals choose to utilize it. He urged a shift in the debate surrounding AI outputs, moving away from simplistic judgments of quality and instead focusing on how humans adapt to these new tools in their everyday interactions and decision-making processes.

The Microsoft chief also underscored the necessity for the AI industry to progress beyond merely developing advanced models. He emphasized the importance of constructing comprehensive systems around AI, which include software, workflows, and safeguards that enable the technology to be used reliably and responsibly.

Despite the rapid advancements in AI, Nadella acknowledged that current systems still exhibit rough edges and limitations that require careful management. As the industry prepares for the future, he remains optimistic about the potential of AI to transform various aspects of life, provided that the right frameworks and approaches are established.

According to IANS, Nadella’s insights reflect a broader understanding of the challenges and opportunities that lie ahead in the realm of artificial intelligence.

Future-Proofing Careers in 2026: Essential Skills for the New Workforce

As we approach 2026, professionals must adapt to evolving work models, embrace AI, and cultivate in-demand skills to ensure career resilience and relevance in a competitive job market.

The landscape of career development is undergoing significant transformation as we head into 2026. To remain relevant in this fast-paced environment, individuals must focus on building the right skills, collaborating effectively with artificial intelligence (AI), and being prepared to pivot as workplace dynamics evolve. Now is the time to assess your career trajectory and make necessary adjustments to future-proof your professional journey.

As the new year unfolds, it is essential to reflect on your current position and how it aligns with your career aspirations. Employers are increasingly seeking candidates who demonstrate a growth mindset, adaptability, and strong analytical problem-solving abilities. With AI becoming an integral component of organizational operations, it is crucial to leverage your skills and experiences to unlock new opportunities for personal and professional growth.

Consider whether you are keeping pace with the evolving demands of your industry. If you find yourself at a crossroads, seeking guidance from a career counselor or coach may provide valuable insights and help you map out your next steps. Here are some key strategies to enhance your career prospects in the coming year.

**Mind the Gap: Building Skills for the Future**

The competitive job market is increasingly demanding specific skills to fill gaps in the workforce. As you contemplate your professional identity and future goals, think about how acquiring new skills can open doors to growth opportunities. Lifelong learning has become a necessity for career resilience, not just a suggestion.

Organizations are increasingly adopting skills-based hiring practices, prioritizing proficiency over formal education. This shift means that specific skills relevant to job outcomes—such as cybersecurity, cloud computing, and data science—will remain in high demand across various sectors. Cultivating a mindset of continuous learning is essential; be prepared to adapt and enhance your skills as needed. Additionally, focus on effectively articulating your knowledge and expertise during your job search.

**Make Generative AI Your Strategic Partner**

With the rise of Generative AI influencing many aspects of our lives, professionals have a choice: adapt to these changes or risk being left behind. It is vital to enhance your understanding of how AI operates within your field. Engage with your manager about participating in workplace initiatives that offer training or workshops on AI applications.

Consider enrolling in additional courses or educational programs through professional organizations or platforms like LinkedIn Learning. Understanding how AI can boost your productivity and add value to your work will be crucial as the workplace continues to evolve. Embracing adaptability and flexibility will be key to thriving in this changing environment.

**Can You Pivot? Remote/Hybrid Work vs. Onsite Requirements**

The ongoing debate between remote, hybrid, and onsite work continues to shape workplace dynamics. While employers increasingly require onsite presence, the demand for remote work remains high, creating tension between work-life balance and organizational needs. Experts predict a rise in onsite hiring, but companies looking to reward talent or cut costs will also seek candidates who qualify for hybrid or remote roles.

Look for trends such as workplace optionality and micro-shifting, where the focus shifts from where work is performed to how it is accomplished. A flexible work model, including the growth of the gig and freelance economy, may become more prevalent. Assess your work-life values and be prepared to pivot toward what aligns with your career objectives.

**Scalable/Contract Opportunities Become the Norm**

Many employment futurists anticipate that the trend of scalable and contract roles will continue into 2026. Hiring experienced professionals for short-term, scalable roles allows employers to meet immediate needs while providing flexibility. However, this shift can lead to uncertainty and instability for employees, as those who lose their jobs may find themselves rehired as contractors with limited benefits.

While contract work may not appeal to everyone, it can offer valuable opportunities for skill development, experience, and networking. Many temporary and contract employees have successfully transitioned to full-time roles through their experiences. Consider exploring contract or temporary positions as a means to gain skills and connections while searching for permanent employment.

**Side Hustles and Poly Employment: A New Normal**

As the job market fluctuates, developing a side hustle or engaging in poly employment may become increasingly relevant to your career goals. Poly employment, which involves holding multiple jobs, is gaining popularity and can provide flexibility, creativity, and opportunities for upskilling in diverse technological areas. It can also offer financial security and control in the event of job loss or economic downturns.

While managing multiple commitments can be demanding, if it aligns with your goals and aspirations, it can serve as an effective way to supplement your income and achieve personal and professional objectives.

As we look toward 2026, the importance of adaptability, continuous learning, and strategic partnerships with AI cannot be overstated. By proactively addressing these elements, professionals can position themselves for success in an ever-evolving job market.

According to Jamie J. Johnson, a Career Coach at the University of Phoenix, understanding these trends and preparing for the future can significantly enhance career resilience and opportunities.

Indian-American Plant Biologists Awarded $500,000 VinFuture Prize for Self-Cloning Crops

Two Indian American plant biologists have been awarded the $500,000 VinFuture Prize for their groundbreaking work in developing self-cloning crops, a significant advancement for sustainable agriculture.

Two Indian American researchers from the University of California, Davis, have been honored with the prestigious VinFuture Prize for their innovative work in developing self-cloning crops, which represents a major breakthrough in sustainable agriculture.

Venkatesan Sundaresan, a Distinguished Professor of Plant Biology and Plant Sciences, and Imtiyaz Khanday, an Assistant Professor of Plant Sciences, traveled to Hanoi, Vietnam, to accept the award during a special ceremony held by the VinFuture Foundation on December 5.

The VinFuture Special Prize for Innovators with Outstanding Achievements in Emerging Fields, established in 2021, recognizes groundbreaking research and innovations that have the potential to create positive changes for humanity. The award includes a monetary prize of $500,000.

Khanday expressed his gratitude for the recognition, stating, “I’m honored that the global impact of our research is being recognized in this way. I come from a farming family, and I’ve always wanted to develop technologies that help farmers, especially smallholder farmers. We’re trying to make better seeds for the world.”

As global temperatures rise and the human population continues to grow, creating sustainable agricultural systems has become increasingly urgent. One effective method to enhance crop yields is through the use of hybrid crops, which are produced by crossing two genetically distinct varieties. These hybrids can yield up to 50% more grain than their parent plants. However, the offspring of these hybrids often exhibit unpredictable yields, forcing farmers to purchase new seeds annually to maintain the benefits of hybridization.

Sundaresan and Khanday’s research has led to the development of hybrid crops that can clone themselves, thereby ensuring that their high yields can be sustained across generations. This innovative approach could significantly benefit millions of rice farmers and billions of people in developing countries who rely on rice as a primary food source.

<p“Making crop hybrids widely available to smallholder farmers can meet food demands for the 21st century sustainably, without increasing land use or agricultural inputs,” Sundaresan noted.

The process of creating self-cloning plants involves two critical steps. First, the researchers employed CRISPR/Cas-9 technology to deactivate genes associated with meiosis, ensuring that the plant’s egg cells contain a complete set of chromosomes. Next, they activated a gene known as BBM1, which prompts the egg cells to develop into embryos without requiring fertilization.

This method mimics a natural process called apomixis, which occurs in various plant species, including blackberries and oranges. The resulting embryos possess identical genetic material to their parents, allowing farmers to save seeds for future planting.

The team’s groundbreaking innovation emerged from fundamental research supported by federal grants, illustrating how scientific discoveries and their impactful applications can often arise unexpectedly. “When we started out, we weren’t even working on this problem,” Sundaresan recalled. “We were just trying to understand how plants make embryos.”

Khanday discovered the role of BBM1 in embryo activation while serving as a postdoctoral fellow in Sundaresan’s lab. Concurrently, researchers Raphael Mercier from the Max Planck Institute for Plant Breeding Research in Germany, along with Emmanuel Guiderdoni and Delphine Mieulet from CIRAD in France, developed a method to prevent meiosis in rice. The collaboration between these groups ultimately led to the creation of synthetic apomixis.

The team first unveiled their self-cloning technique in rice in 2018. Since then, they have identified an additional gene that boosts the success rate of this method to approximately 90%. They have also demonstrated the feasibility of synthetic apomixis in maize, and an independent research group has recently applied their method to induce apomixis in sorghum.

Currently, Sundaresan and Khanday are working to expand the applications of self-cloning hybrids. While Sundaresan focuses on optimizing the technology for rice and other cereal crops, Khanday is developing self-cloning vegetable crops, beginning with potatoes and tomatoes.

<p“You can preserve any desirable genotype with this technology, whether that’s disease resistance or climate tolerance,” Khanday explained. “Synthetic apomixis has the potential to impact agriculture globally, especially for smallholder farmers.”

Sundaresan and Khanday share the VinFuture Prize with their collaborators Mercier, Guiderdoni, and Mieulet. “We are poised on what I hope will be a new revolution in agriculture,” Sundaresan stated. “Our invention means that the benefits of hybrid crops will become available, equitable, and accessible to farmers all over the world. This is hugely important for achieving sustainable food production.”

According to The American Bazaar, the recognition of their work underscores the importance of innovative agricultural practices in addressing global food security challenges.

India’s Innovation Challenge: Bridging Ideas and Product Development

India’s innovation landscape faces significant challenges in transforming research breakthroughs into market-ready products, despite its wealth of talent and resources.

India is at a critical juncture in its economic and technological evolution. The nation is home to world-class scientific talent, esteemed institutions, and one of the fastest-growing startup ecosystems globally. However, despite this wealth of intellectual resources, India grapples with a persistent issue: the inability to convert research breakthroughs into scalable, market-ready products.

This disconnect, often referred to as the “valley of death” in innovation ecosystems, has become increasingly apparent as India aims to establish itself as a global manufacturing and technology hub. Experts suggest that the challenge lies not in a lack of ideas but in a significant misalignment between academia, industry, investors, and government.

India’s academic ecosystem primarily focuses on publishing research papers rather than developing products. Conversely, the industry seeks deployable solutions rather than early-stage prototypes. Investors typically engage only after commercial viability is established. This results in a fragmented pipeline where promising innovations often stall before they can reach the market.

The frustration within the industry is palpable. A founder of a high-tech Indian company expressed to Swarajya, “We have tried to work with lots of different IITs, and in most cases, there is no strong output that comes from these colleges.” Such sentiments reflect a broader structural issue rather than isolated failures.

Dr. Anurag Agrawal of Ashoka University bluntly articulates the challenge: “India has no dearth of bioscience talent, but translating research into real-world health solutions remains a major challenge.” He emphasizes the need to “back people, not just projects,” and to realign incentives toward outcomes that extend beyond academic achievements.

Innovation specialists often highlight a specific bottleneck: the transition from Technology Readiness Level (TRL) 3 to TRL 4, where a lab-tested concept must be validated in real-world conditions. According to innovation strategist Babu Mohanan, “India doesn’t suffer from a shortage of ideas — we suffer from a shortage of products.” He notes that many innovations “never make it beyond the lab door” because the ecosystem is not structured to support the costly, iterative, and risky process of commercialization.

At this critical stage, the convergence of engineering talent, manufacturing partners, regulatory clarity, and patient capital is essential. Unfortunately, in India, these elements rarely align simultaneously.

Despite these challenges, India has produced notable success stories, demonstrating that capability is not the issue, but rather coordination is. One frequently cited example is Prof. Ashok Jhunjhunwala’s work in the telecom sector, where his team successfully reduced telephone costs from ₹40,000 to ₹10,000 by prioritizing affordability alongside innovation. His philosophy of “putting economics before technology” became a cornerstone of India’s telecom revolution.

Similarly, during the COVID-19 pandemic, researchers at IIT Kanpur developed a functional ventilator in just 90 days. This project succeeded due to the convergence of urgency, institutional support, and cross-disciplinary collaboration.

A more structural example is the IIT Madras Research Park, which has completed over 900 joint industry-academia projects. It serves as a national benchmark for how universities can drive innovation when incentives and partnerships are intentionally aligned.

India’s innovation gap is also closely tied to chronic underinvestment. The country allocates only 0.7% of its GDP to research and development, significantly lower than global leaders like South Korea and the United States. Without sustained funding, scaling deep-tech infrastructure remains a formidable challenge.

Former NITI Aayog CEO Amitabh Kant has consistently argued that innovation must be recognized as a core driver of growth. “We have not yet fully leveraged our innovation potential,” he stated, advocating for stronger industry-academia linkages and catalytic public procurement to stimulate demand for indigenous technologies.

The paradox of India’s manufacturing sector reflects this contradiction. Entrepreneurs across industrial clusters in Tamil Nadu and Karnataka exhibit resilience and adaptability, yet many remain ensnared in low-value manufacturing. Innovation expert Yogesh Pandit describes this as a “low-value trap,” where firms compete on cost rather than capability—not due to a lack of ambition, but because of insufficient structured pathways to adopt or co-develop new technologies.

Historically, India has been a civilization of creators, from the Sindhu-Saraswati era to the Chola Empire, where Indian technologies and goods significantly influenced global trade. The contemporary challenge is not about rediscovering talent but about rebuilding systems that enable that talent to thrive.

India’s next leap in innovation will not stem from isolated breakthroughs. It will emerge from aligning incentives across academia, industry, and government; funding the entire lifecycle of innovation; and rewarding product creation rather than merely academic publication.

Experts broadly agree on several necessary reforms: reforming academic incentives to reward patents, prototypes, and industry collaboration; strengthening industry-academia linkages through research parks and shared labs; bridging the valley of death with dedicated TRL 3–7 funding; increasing R&D spending to 2% of GDP; and fostering a product-first culture that celebrates long-term innovation and risk-taking.

In conclusion, India’s innovation narrative is not one of failure but of untapped potential. The ideas and talent are present; what is lacking is alignment. With deliberate reform and sustained commitment, India can transition from a nation rich in ideas to one that consistently produces world-changing products, according to Global Net News.

SoftBank Finalizes $40 Billion Investment in OpenAI

SoftBank has finalized its $40 billion investment in OpenAI, marking a significant move in the competitive landscape of artificial intelligence.

SoftBank has officially completed its commitment to invest $40 billion in OpenAI, as reported by CNBC’s David Faber. The final tranche of the investment, amounting to between $22 billion and $22.5 billion, was transferred last week.

Sources indicate that the Japanese investment giant was in a race to finalize this substantial commitment, utilizing various cash-raising strategies, including the sale of some of its existing investments. Reports suggest that SoftBank may also tap into its undrawn margin loans, which are secured against its valuable stake in chip manufacturer Arm Holdings.

Prior to this latest investment, SoftBank had already invested $8 billion directly in OpenAI, along with an additional $10 billion syndicated with co-investors. With this latest infusion of capital, SoftBank’s total stake in the AI company now exceeds 10%.

In February, CNBC reported that SoftBank was nearing the completion of its $40 billion investment in OpenAI, which was valued at $260 billion pre-money at the time. This investment represents one of the most significant bets made by SoftBank CEO Masayoshi Son as he intensifies the company’s efforts to establish a strong foothold in the rapidly evolving AI sector.

To finance this investment, Son sold SoftBank’s $5.8 billion stake in Nvidia and divested $4.8 billion from its stake in T-Mobile U.S. Additionally, the company has made workforce reductions. SoftBank Chief Financial Officer Yoshimitsu Goto previously informed investors that these asset sales are part of a broader strategy aimed at balancing growth with financial stability.

The surge in investments in artificial intelligence has been notable, with OpenAI committing over $1.4 trillion to infrastructure development over the coming years. This includes partnerships with major chipmakers such as Nvidia, Advanced Micro Devices, and Broadcom.

SoftBank has a history of investing heavily in AI and was an early backer of Nvidia. Recently, the conglomerate announced a $4 billion acquisition of DigitalBridge, a data center investment firm, to further bolster its AI initiatives. Last month, SoftBank liquidated its entire $5.8 billion stake in Nvidia, a move that sources indicated would help support its investment in OpenAI.

In addition to SoftBank’s significant investment, OpenAI is reportedly exploring a potential investment exceeding $10 billion from Amazon. Disney has also joined the ranks of investors, committing $1 billion in an equity investment deal that allows users of OpenAI’s video generator, Sora, to create content featuring licensed characters like Mickey Mouse.

This latest wave of investments underscores the growing interest and competition in the AI sector, with major players positioning themselves to capitalize on the technology’s transformative potential.

According to CNBC, SoftBank’s aggressive investment strategy reflects its commitment to remaining at the forefront of the AI revolution.

AI Emerges as Potential Threat to Remote Work Opportunities

Shane Legg, co-founder and Chief AGI Scientist at Google DeepMind, warns that advances in artificial intelligence could threaten the future of remote jobs, particularly those reliant on cognitive work.

As remote work becomes a staple in many people’s lives, a recent forecast from Shane Legg, co-founder and Chief AGI Scientist at Google DeepMind, raises significant concerns about its future. In an interview with Professor Hannah Fry, Legg suggested that rapid advancements in artificial intelligence (AI) could soon disrupt the landscape of work-from-home arrangements as we know them today.

Legg emphasized that jobs performed entirely online are likely to be the first to feel the impact of AI’s evolution. He noted that as AI approaches human-level capabilities, positions that primarily involve cognitive tasks and can be executed remotely are particularly at risk.

“Jobs that are purely cognitive and done remotely via a computer are particularly vulnerable,” Legg stated, highlighting his apprehension about the implications of AI on the workforce. He pointed out that as AI tools become increasingly sophisticated, companies may find they no longer require large teams spread across various locations.

In sectors like software engineering, Legg posited that what once necessitated a workforce of 100 engineers could potentially be managed by just 20 individuals leveraging advanced AI technologies. This shift, he warned, could lead to a reduction in overall job availability, with entry-level and remote positions likely to be the first casualties.

Legg also indicated that the impact of AI will not be uniform across all industries. He suggested that roles centered around digital skills—such as language, knowledge work, coding, mathematics, and complex problem-solving—are likely to experience the earliest pressures from AI advancements.

In many of these domains, AI systems are already outperforming human capabilities, particularly in areas like language processing and general knowledge. Legg anticipates rapid improvements in reasoning, visual understanding, and continuous learning, further intensifying competition for cognitive jobs.

Conversely, jobs that require physical, hands-on work—such as plumbing or construction—may remain insulated from these changes for a longer period, as automating real-world tasks presents significant challenges.

Legg went further to assert that AI has the potential to fundamentally reshape the economy by outperforming humans in cognitive tasks at a lower cost. As machines become capable of handling mental labor more efficiently, the traditional model of earning a living through intellectual work could come under significant strain, leaving many without conventional employment opportunities.

He cautioned against dismissing these developments, likening the situation to ignoring early warnings about major global threats. Legg stressed the importance of preparing for this impending shift now, rather than waiting until it is too late.

Despite his stark outlook regarding potential job losses, Legg also expressed optimism about the benefits AI could ultimately bring. He suggested that the technology might usher in a “golden age” characterized by substantial productivity gains, significant scientific breakthroughs, and overall economic growth.

The critical challenge, he argued, will be ensuring that the wealth generated by these advancements is equitably shared, allowing individuals to maintain a sense of purpose and security as the nature of work evolves. Legg underscored that while the transition will be gradual, the pace is expected to accelerate as AI achieves professional-level performance in knowledge-based roles.

As the conversation around AI and its implications for the workforce continues to evolve, the insights from Legg serve as a crucial reminder of the need for proactive engagement with the changes on the horizon.

According to The American Bazaar, the time to prepare for these shifts is now.

Starbucks Plans to Close 400 Stores Nationwide Amid Business Restructuring

Starbucks is set to close approximately 400 stores across the United States as part of a strategic shift in response to increased competition and changing consumer behaviors.

Starbucks, once synonymous with relentless expansion, is now reevaluating its approach to store locations. The coffee giant, which previously focused on saturating urban areas to attract morning commuters, is facing challenges due to rising competition and the growing trend of remote work.

Under the leadership of CEO Brian Niccol, who joined the company from Chipotle last year, Starbucks is shifting its strategy. Niccol aims to reduce the proximity of stores to one another, leading to the decision to close roughly 400 locations nationwide, primarily in large metropolitan areas. This move is part of a broader $1 billion restructuring plan.

In New York City alone, Starbucks has closed 42 locations, representing 12% of its total stores in the city. This closure comes as the company recently lost its title as the largest coffee chain in Manhattan to Dunkin’ Donuts, according to the Center for an Urban Future, a think tank that monitors chain openings and closings in the city.

Other major cities have also felt the impact of Starbucks’ closures. The company has shut down more than 20 locations in Los Angeles, 15 in Chicago, six in Minneapolis, and five in Baltimore, among others.

A Starbucks spokesperson stated that the company conducted a thorough review of its more than 18,000 stores in the United States and Canada, closing those that were underperforming or unable to meet brand standards. Despite the closures, Starbucks plans to open new stores and remodel existing ones in 2026, particularly in major metro areas like New York and Los Angeles.

According to CNN, Starbucks is described as a “victim of its own success.” The brand revolutionized coffee culture, making it commonplace for consumers to pay premium prices for specialty drinks. However, it now faces stiff competition from niche coffee shops, smaller chains like Gregory’s and Joe’s Coffee, and a surge of beverage shops offering smoothies and bubble tea.

Arthur Rubinfeld, who played a key role in Starbucks’ real estate and design strategies during the 1990s and again from 2008 to 2016, noted that urban areas have seen a significant rise in competitive coffee shop openings, which have impacted Starbucks’ sales volume. Rubinfeld now runs Airvision, a consultancy focused on consumer brands.

The rise of remote work has also posed challenges for Starbucks, particularly in central business districts that once thrived on the daily influx of office workers. Catherine Yeh, director of market analytics at CoStar Group, mentioned that Starbucks has closed locations situated on the ground floors of several downtown office buildings in Los Angeles due to this shift.

Additionally, Starbucks has expressed concerns about becoming a de facto public restroom for many cities. Former CEO Howard Schultz highlighted the severity of the mental health crisis in the country, noting safety issues related to individuals using Starbucks locations as restrooms. In response, the company has recently revised its policy, limiting restroom access to paying customers only.

Starbucks has also faced labor challenges, including a significant strike by its workers demanding better hours and increased staffing. Earlier this month, the company agreed to pay over 15,000 workers in New York City to settle claims regarding unstable schedules and arbitrary hour reductions.

As Starbucks navigates these changes, the company is focused on adapting to a rapidly evolving market while maintaining its brand identity and commitment to quality.

According to CNN, the company’s strategic adjustments reflect a broader trend in the coffee industry as it responds to shifting consumer preferences and competitive pressures.

Traditional Commercial Real Estate Financing Needs Reform to Address Performance Issues

Structural mismatches between long-term energy investments and short-term financing hinder essential upgrades in commercial real estate, impacting asset value and cash flow.

A growing concern in the commercial real estate (CRE) sector is the disconnect between long-lived energy investments and the short-term financing that typically supports them. This misalignment is increasingly recognized as a barrier to necessary upgrades that enhance asset value, resilience, and cash flow.

In previous discussions, the focus has been on the benefits that proactive investment in energy performance can yield for property owners. These benefits include reduced operating costs, improved tenant retention, and more stable cash flows. However, despite the clear financial advantages, the market continues to exhibit uneven performance investment. The root of this issue lies not in owner reluctance but rather in the traditional financing structures of the commercial real estate industry.

As energy costs rise and Building Energy Performance Standards become stricter, the pressure on inefficient assets mounts. Owners are increasingly aware of the risks associated with poor building performance, yet the market struggles to respond effectively, even when the economic rationale for upgrading is evident.

The crux of the problem is a structural mismatch between the long-term value creation of performance improvements and the short-term nature of conventional CRE financing. Most energy performance upgrades offer benefits over extended periods, with high-efficiency heating, ventilation, and air conditioning (HVAC) systems, electrification, and building envelope enhancements typically lasting 15 to 25 years. The savings generated from these improvements—such as lower operating expenses and enhanced resilience—accrue gradually over time.

However, traditional financing methods do not align with this reality. Conventional bank loans are often structured with five- to seven-year terms and variable interest rates, focusing on current cash flow rather than long-term risk mitigation. This approach is understandable from a lender’s perspective, given regulatory capital requirements and interest-rate risks. Yet, it creates a fundamental mismatch: property owners are expected to finance long-term infrastructure with short-term capital, leading many to defer necessary actions or pursue inadequate incremental measures.

Compounding this issue are the underwriting limitations prevalent in the commercial lending landscape. Many lenders lack standardized frameworks to assess performance improvements as viable financial assets. Factors such as avoided energy costs and regulatory penalties are seldom modeled as sustainable cash flows. Consequently, performance investments struggle to compete for capital against more familiar and traditional uses, despite their attractive risk-adjusted returns.

This situation is not merely a failure of individual institutions; it is indicative of a broader market design issue. Addressing this challenge necessitates the introduction of capital that is structured differently, underwritten with a longer-term perspective, and deployed with a focus on asset performance.

Specialized financing mechanisms are crucial in this context. Tools like Commercial Property Assessed Clean Energy (C-PACE) financing are designed to align repayment schedules with the useful life of energy improvements. By tying repayment to the property rather than the borrower and extending loan terms to match asset longevity, these structures mitigate refinancing risks and enhance project economics.

Green banks and similar public-purpose finance institutions play a complementary role by absorbing early-stage complexities and supporting technical diligence. They can catalyze private capital by addressing risks that traditional lenders may be ill-equipped to handle. Through mechanisms such as credit enhancement and co-investment, these institutions help transform performance upgrades from bespoke projects into financeable assets.

Public-private partnerships in climate finance further extend this model. When public capital is strategically employed—not as a substitute for private lending but to facilitate it—significantly larger pools of commercial capital can be unlocked. The goal is not to replace banks but to enable their participation by reducing friction, standardizing risk, and aligning incentives.

While these tools exist in many markets, their scale and integration are often lacking. Performance financing is frequently treated as a niche solution rather than a fundamental component of the commercial real estate capital stack. As a result, property owners often encounter these options too late in the process, typically when regulatory deadlines are imminent or refinancing pressures are high.

The consequences of such delays can be substantial. Projects rushed under time constraints tend to be more expensive, harder to finance, and less effective. Capital deployed reactively seldom achieves the same financial or performance outcomes as capital invested proactively.

A more resilient financing model would integrate performance financing early in the investment process. In this scenario, long-tenor capital would support core infrastructure upgrades while traditional lenders continue to finance the remaining asset components. Technical assistance would guide investment decisions before they become urgent, allowing performance risks to be addressed proactively rather than being priced in later through higher spreads or reduced leverage.

This evolution is no longer optional. As performance standards tighten and energy costs escalate, the gap between the needs of buildings and the capabilities of traditional financing will only widen. Without structural changes, more assets risk becoming stranded—not due to a lack of demand, but because their capital structures cannot accommodate the necessary investments to remain viable.

The shift towards a performance-driven real estate market does not require a complete overhaul of financial systems. Instead, it calls for aligning capital with the realities of building longevity. As performance becomes a central driver of cash flow quality, asset resilience, and long-term value, financing that fails to adapt will increasingly fall behind the market it aims to serve. Conversely, financing that evolves will help shape the next generation of competitive and sustainable commercial real estate.

According to Rokas Beresniovas, the need for change in the commercial real estate financing landscape is urgent and essential for future viability.

Apple Addresses Two Zero-Day Vulnerabilities Exploited in Targeted Attacks

Apple has issued urgent security updates to address two zero-day vulnerabilities in WebKit, which were actively exploited in targeted attacks against specific individuals.

Apple has released emergency security updates to address two zero-day vulnerabilities that were actively exploited in highly targeted attacks. The company characterized these incidents as “extremely sophisticated,” aimed at specific individuals rather than the general public. While Apple did not disclose the identities of the attackers or victims, the limited scope of the attacks suggests they may be linked to spyware operations rather than widespread cybercrime.

Both vulnerabilities affect WebKit, the browser engine that powers Safari and all browsers on iOS devices. This raises significant risks, as simply visiting a malicious webpage could trigger an attack. The vulnerabilities are tracked as CVE-2025-43529 and CVE-2025-14174, and Apple confirmed that both were exploited in the same real-world attacks.

CVE-2025-43529 is a WebKit use-after-free vulnerability that can lead to arbitrary code execution when a device processes maliciously crafted web content. Essentially, this flaw allows attackers to execute their own code on a device by tricking the browser into mishandling memory. Google’s Threat Analysis Group discovered this vulnerability, which often indicates involvement from nation-state or commercial spyware entities.

The second vulnerability, CVE-2025-14174, also pertains to WebKit and involves memory corruption. Although Apple describes the impact as memory corruption rather than direct code execution, such vulnerabilities are frequently chained with others to fully compromise a device. This issue was discovered jointly by Apple and Google’s Threat Analysis Group.

Apple acknowledged that it was aware of reports confirming active exploitation in the wild, a statement that is particularly significant as it typically indicates that attacks have already occurred rather than merely presenting theoretical risks. The company addressed these vulnerabilities through improved memory management and enhanced validation checks, although it did not provide detailed technical information that could assist attackers in replicating the exploits.

The patches have been released across all of Apple’s supported operating systems, including the latest versions of iOS, iPadOS, macOS, Safari, watchOS, tvOS, and visionOS. Affected devices include iPhone 11 and newer models, multiple generations of iPad Pro, iPad Air from the third generation onward, the eighth-generation iPad and newer, and the iPad mini starting with the fifth generation. This update covers the vast majority of iPhones and iPads currently in use.

The fixes are available in iOS 26.2 and iPadOS 26.2, as well as in earlier versions such as iOS 18.7.3 and iPadOS 18.7.3, macOS Tahoe 26.2, tvOS 26.2, watchOS 26.2, visionOS 26.2, and Safari 26.2. Since Apple mandates that all iOS browsers utilize WebKit, the underlying issues also affected Chrome on iOS.

In light of these highly targeted zero-day attacks, users are encouraged to take several practical steps to enhance their security. First and foremost, it is crucial to install emergency updates as soon as they are available. Delaying updates can provide attackers with the window they need to exploit vulnerabilities. For those who often forget to update their devices, enabling automatic updates for iOS, iPadOS, macOS, and Safari can help ensure ongoing protection.

Most WebKit exploits begin with malicious web content, so users should exercise caution when clicking on links received via SMS, WhatsApp, Telegram, or email, especially if they are unexpected. If something seems off, it is safer to manually type the website address into the browser.

Installing antivirus software on all devices is another effective way to safeguard against malicious links that could install malware or compromise personal information. Antivirus programs can also alert users to phishing emails and ransomware scams, providing an additional layer of protection for personal data and digital assets.

For individuals who are journalists, activists, or handle sensitive information, reducing their attack surface is advisable. This can include using Safari exclusively, avoiding unnecessary browser extensions, and limiting the frequency of opening links within messaging apps. Apple’s Lockdown Mode is specifically designed for targeted attacks, restricting certain web technologies and blocking most message attachments.

Another proactive measure is to minimize personal data available online. The more information that is publicly accessible, the easier it is for attackers to profile potential targets. Users can reduce their visibility by removing data from broker sites and tightening privacy settings on social media platforms.

While no service can guarantee complete removal of personal data from the internet, utilizing a data removal service can be a smart choice. These services actively monitor and systematically erase personal information from numerous websites, providing peace of mind and reducing the risk of being targeted by scammers.

Users should also be aware of warning signs that their devices may be compromised, such as unexpected crashes, overheating, or sudden battery drain. While these symptoms do not automatically indicate a security breach, consistent issues warrant immediate updates and potentially resetting the device.

Although Apple has not disclosed specific details regarding the individuals targeted or the methods of attack, the pattern aligns closely with previous spyware campaigns that have focused on journalists, activists, political figures, and others of interest to surveillance operators. With these recent patches, Apple has now addressed seven zero-day vulnerabilities exploited in the wild in 2025 alone, including flaws disclosed earlier this year and a backported fix in September for older devices.

Have you installed the latest iOS or iPadOS update yet, or are you still putting it off? Let us know by writing to us at Cyberguy.com.

According to CyberGuy.com, staying informed and proactive about security updates is essential for protecting personal devices against targeted attacks.

Indian Capsule Manufacturers May Face U.S. Duties After Investigation

The U.S. Department of Commerce has determined that Indian manufacturers of hard empty capsules received government subsidies, potentially leading to new countervailing duties on imports from India.

WASHINGTON, DC — The U.S. Department of Commerce has announced that Indian manufacturers and exporters of hard empty capsules have benefited from government subsidies. This ruling could result in new countervailing duties on imports from India, pending a separate decision by the U.S. International Trade Commission (ITC).

In a notice published in the Federal Register, effective December 29, the department stated that its investigation covered the period from April 1, 2023, to March 31, 2024. The agency concluded that the subsidies provided to Indian capsule manufacturers met the legal criteria for countervailing duties under U.S. trade law.

The Commerce Department established a net countervailable subsidy rate of 7.06 percent for ACG Associated Capsules Private Limited and its affiliated companies, which include ACG Pam Pharma Technologies Private Limited and ACG Universal Capsules Private Limited. This same rate applies to all other Indian producers and exporters that were not individually examined during the investigation.

The investigation assessed whether the subsidies involved financial contributions from government authorities, whether they provided a benefit to the companies, and whether they were specific to certain firms or industries. The department verified the information submitted by ACG and its affiliates during on-site reviews conducted in July and August 2025.

The investigation pertains to hard empty capsules composed of two prefabricated cylindrical sections, which are commonly utilized in pharmaceutical and nutraceutical products. The ruling is applicable regardless of the materials used, additives, size, color, or whether the capsule cap and body are imported together or separately.

Following a preliminary ruling issued on March 31, 2025, the Commerce Department directed U.S. Customs and Border Protection to suspend liquidation and collect cash deposits on specific Indian imports. Although this suspension was lifted for entries made after July 29, 2025, it remains in effect for imports entered on or before July 28, 2025, pending the ITC’s determination regarding potential injury to the U.S. domestic industry.

The Commerce Department will formally notify the ITC of its final subsidy finding. The ITC has 45 days to decide whether imports of hard empty capsules from India have caused or threaten to cause material injury to the U.S. domestic industry.

If the ITC concludes that injury exists, the Commerce Department will issue a countervailing duty order, reinstate the suspension of liquidation, and require cash deposits at the specified rates. Conversely, if the ITC finds no injury or threat of injury, the case will be terminated, and any collected deposits will be refunded or canceled.

Additionally, the Commerce Department plans to disclose its detailed calculations to interested parties within five days of the public announcement or publication of the final determination, in accordance with U.S. regulations.

According to IANS, this ruling marks a significant development in the ongoing scrutiny of international trade practices and their impact on domestic industries.

US FDA Announces Recall of Sun Pharma’s Antifungal Shampoo

Sun Pharma’s U.S. subsidiary, Taro Pharmaceutical Industries, has recalled over 17,000 units of its antifungal shampoo due to manufacturing issues, according to the U.S. Food and Drug Administration.

WASHINGTON, DC – Taro Pharmaceutical Industries, the U.S. arm of Sun Pharma, has initiated a recall of more than 17,000 units of its antifungal shampoo, Ciclopirox Shampoo, due to manufacturing concerns, as reported by the U.S. Food and Drug Administration (USFDA).

The Ciclopirox Shampoo is an antifungal medication used to treat seborrheic dermatitis, a condition characterized by dry, flaky, and itchy skin. The USFDA indicated that the recall was prompted by “failed impurity/degradation specifications” identified during manufacturing.

This Class II nationwide recall, affecting a total of 17,664 units, was officially launched by Taro on December 9. The USFDA categorizes a Class II recall as a situation where the use or exposure to the product may lead to temporary or medically reversible health consequences, with minimal likelihood of serious adverse health outcomes.

Taro Pharmaceutical Industries is a private company wholly owned by Sun Pharma. The Israel-based company was acquired by Sun Pharma in a deal valued at approximately $347.73 million last year. Sun Pharma has been the majority shareholder of Taro since 2010, and the company primarily focuses on dermatology, producing a variety of prescription and over-the-counter products.

Sun Pharmaceutical Industries is a leading exporter to the U.S. market, reporting revenues of Rs 14,478 crore in the second quarter of FY26. Despite this, the company’s net profit saw a year-on-year increase of 2.56 percent, reaching Rs 3,118 crore. However, formulation sales in the U.S. experienced a decline of 4.1 percent, totaling $496 million.

For further details on the recall, consumers are advised to consult the USFDA’s latest Enforcement Report.

According to IANS, the recall highlights the ongoing challenges faced by pharmaceutical companies in maintaining product quality and compliance with regulatory standards.

Trump’s Economy Shows Growth, But Voter Confidence Remains Low

Economist Stephen Moore highlights the growing economic momentum under President Trump, yet voter skepticism and cost-of-living concerns pose significant challenges for effective messaging.

Economist Stephen Moore asserts that economic momentum is building under President Donald Trump, but translating these gains into political advantage will require more effective messaging. Despite improving economic indicators, many voters remain skeptical.

“There’s a perception and there’s reality,” Moore explained in an interview with Fox News Digital. “The reality is what the numbers show — that median family income is up by about $1,200 this year, adjusted for inflation. We’re seeing real increases in wealth. Anyone investing in the stock market — not just rich people, but about 160 million Americans — has retirement savings in stocks.”

However, Moore, a former Trump adviser and co-founder of the free-market advocacy organization Unleash Prosperity, acknowledged that rising everyday costs continue to shape public perception of the economy. “People tend to focus on the things that are rising in price, and I understand that,” he said. “But there are also areas where costs have fallen, including gasoline, airline tickets, and some everyday items.”

This disconnect between economic data and voter sentiment presents a political challenge for Trump. He returned to the White House promising affordability but now faces doubts about whether that pledge is being fulfilled. A recent Fox News national survey found that 76% of voters rate the economy negatively, an increase from 67% in July and 70% at the end of former President Joe Biden’s term. The poll indicated that voters are more likely to blame Trump than Biden for current economic conditions, with three times as many respondents stating that Trump’s policies have personally hurt them.

This sentiment has fueled Democratic messaging focused on affordability, which has resonated in recent state and local elections. Moore noted that the disconnect is not solely about rising prices; it also relates to the tone of communication from the administration. “I think people want empathy from the president,” he said. “People in the middle and working class want to know that this president understands the struggles of working 40 hours a week and still having a hard time meeting their bills.”

To bridge this gap, Moore compared Trump’s current challenge to that faced by Ronald Reagan during the early months of his presidency, which followed economic difficulties under Jimmy Carter. He suggested that this dynamic mirrors the aftermath of the Biden administration.

“Trump should use an old line from Ronald Reagan, because Reagan’s first 18 months in office were very tough,” Moore said. “We had a very bad economy as a residual effect from Jimmy Carter. And Reagan told the American people, stay the course, these policies are going to work and they’re going to make America better off.”

Moore expressed optimism about the current economic trajectory, stating that recent data indicate the recovery is accelerating. “In the last couple of months, the economy has really sped up,” he said. “At 4.3% growth, that’s a very high rate, and the recovery is well in progress. It’s been a very prosperous first year, and I expect 2026 to bring very strong continued economic growth.”

As the Trump administration navigates these challenges, the effectiveness of its messaging will be crucial in shaping public perception and addressing voter concerns about the economy, according to Moore.

According to Fox News, the ongoing economic narrative will require careful attention to both data and the emotional tone conveyed to the American public.

China Launches National Venture Capital Fund to Enhance Innovation

China has launched three state-backed venture capital funds aimed at enhancing innovation in hard technology and strategic emerging industries, with each fund exceeding 50 billion yuan.

China is making significant strides in the realm of hard technology. According to state broadcaster CCTV, the country officially unveiled three venture capital funds on Friday, designed to invest in various “hard technology” sectors.

The funds, each with a capital contribution exceeding 50 billion yuan (approximately $7.14 billion), were jointly initiated by the National Development and Reform Commission (NDRC) and the Ministry of Finance. Three regional sub-funds have been established in key areas: the Beijing–Tianjin–Hebei region, the Yangtze River Delta, and the Guangdong–Hong Kong–Macao Greater Bay Area.

Bai Jingyu, an official from the NDRC, stated that the initiative aims to leverage central government capital to attract investments from local governments, state-owned enterprises, financial institutions, and private investors. During a press conference, Bai emphasized that the funds will enhance support for strategic emerging industries and expedite the development of new productive forces.

The term “hard technology” encompasses sectors that are capital-intensive, research-heavy, and strategically vital, including semiconductors, advanced manufacturing, artificial intelligence, new materials, biotechnology, aerospace, and high-end equipment.

Unlike consumer internet or platform-based businesses, these sectors often necessitate longer investment horizons and sustained policy support before yielding commercial returns. By establishing large, state-backed venture capital funds, China aims to address the funding challenges faced by early-stage and growth-stage hard-tech firms.

According to reports from Reuters, the funds will primarily target early-stage startups valued at less than 500 million yuan, with no single investment exceeding 50 million yuan.

In recent years, Chinese policymakers have underscored the importance of “technological self-reliance,” particularly in critical areas such as semiconductor manufacturing and industrial software. Substantial venture capital backing can play a pivotal role in supporting startups through lengthy research and development cycles, facilitating production scaling, and connecting them with industrial partners.

The funds are expected to focus on companies engaged in integrated circuits, quantum technology, biomedicine, brain-computer interfaces, aerospace, and other essential hard technologies.

The substantial scale of these funds, each reportedly surpassing 50 billion yuan, reflects a growing confidence in the efficacy of venture investment as a policy instrument. Large fund sizes may enable diversified portfolios across multiple sub-sectors while allowing for significant investments in promising companies. Additionally, they may attract private capital by mitigating perceived risks and signaling official support for targeted industries.

However, experts caution that the success of these funds will hinge on professional management, clear investment criteria, and market-oriented decision-making. Merely allocating capital will not suffice; achieving successful outcomes will require robust governance and the ability to identify commercially viable technologies.

The launch of these three venture capital funds underscores China’s commitment to accelerating advancements in hard technology. As global competition in advanced industries intensifies, such initiatives are poised to play an increasingly crucial role in shaping the country’s innovation landscape and long-term economic growth.

Ultimately, the effectiveness of this strategy will depend on its execution, governance, and responsiveness to market dynamics. Nevertheless, this initiative signifies an effort to cultivate an ecosystem where high-risk, high-impact innovation can thrive. Over time, sustained support for hard technology could bolster industrial capabilities, enhance supply-chain security, and foster new engines of economic growth. More broadly, it illustrates how targeted financial mechanisms are increasingly utilized as tools to guide national development and secure a competitive edge in emerging technologies.

According to Reuters, the establishment of these funds marks a pivotal moment in China’s strategy to enhance its technological capabilities.

Global Birth Rate Declines Amid Changing Demographics and Economic Factors

The global birth rate has significantly declined over the past 50 years, raising concerns about long-term population sustainability and economic implications.

In the last five decades, the global fertility landscape has undergone a profound transformation, shifting from steady growth to a universal trend of declining birth rates. In 1970, the average woman worldwide had five children, a figure that has now decreased to 2.2 in 2024.

This decline raises critical questions about population sustainability. Generally, countries need a total fertility rate (TFR) of 2.1 children per person capable of giving birth to maintain long-term generational replacement. The current global average fertility rate hovers perilously close to this threshold, with several major economies experiencing rates significantly below it. For instance, in the United States, the TFR has plummeted from 3.5 in the 1960s to 1.6 in 2024. Similarly, in Latin America and the Caribbean, the rate has dropped from 4.5 children per woman in the 1970s to 1.9 today. Asia averages 2.1, but China has recorded a historically low TFR of approximately 1.09 births per woman.

According to a study published in The Lancet, which examined global fertility trends across 204 countries and territories from 1950 to 2021, fertility rates are declining globally. The study noted that more than half of all countries and territories had fertility rates below replacement level in 2021. It further predicts that fertility rates will continue to decline worldwide, remaining low even with the successful implementation of pro-natal policies. These changes are expected to have significant economic and societal consequences, particularly in higher-income countries facing aging populations and shrinking workforces.

Concerns regarding declining birth rates were addressed by a panel of experts during a briefing hosted by American Community Media on December 12. The panel included Dr. Ana Langer, Director of the Women and Health Initiative at the Harvard T.H. Chan School of Public Health; Anu Madgavkar, Partner at the McKinsey Global Institute; and Dr. Philip Cafaro, Associate Professor of Philosophy at Colorado State University.

Dr. Langer highlighted various factors contributing to the global decline in fertility rates, examining both individual and societal influences. These include demographic characteristics, cultural factors, and socio-economic conditions such as the availability and cost of housing, childcare, and education. She pointed out that the average American family spends up to 16% of their income on daycare for one child. With rising costs for essentials like food and housing, many families prioritize jobs and income over having children. Surveys indicate that experiences with difficult pregnancies and a general unease about the state of the world contribute to this trend. Over a quarter of respondents expressed concerns about overpopulation and climate change, which make them hesitant to raise children in an already troubled environment.

Attempts to reverse declining birth rates through pro-natal public policies have largely proven ineffective. For example, in response to declining population growth after decades of the one-child policy, China introduced a two-child policy in 2015 and later a three-child policy in 2021. Despite implementing financial incentives, tax benefits, childcare support, and other measures, these initiatives have met with limited success, according to Dr. Langer.

Anu Madgavkar discussed the economic implications of demographic changes resulting from shrinking fertility rates. Her research, titled “Dependency and Depopulation? Confronting the Consequences of a New Demographic Reality,” outlines several potential consequences for the global economy. She predicts slower economic growth, with a reduction in per capita GDP growth by approximately half a percentage point in the coming decades due to a population characterized by “youth scarcity.” This demographic shift means a smaller share of working-age individuals (ages 15-64) and a growing number of people over 65.

Currently, there are about four working-age individuals available to support each person over 65. However, by 2050, this ratio could drop to just two, necessitating increased productivity to create sufficient economic surplus to support an aging population. The share of working-age individuals has already peaked and is declining in many countries, including China, Japan, South Korea, Western Europe, and the United States. While many developing countries, such as those in Latin America and India, have not yet reached their peak share of working-age individuals, they are approaching that point rapidly.

Madgavkar also noted that there is potential for increased productivity through advancements in artificial intelligence (AI) and automation. She emphasized that while more than half of all work hours in the U.S. economy could be automated, this does not mean that the workforce can be reduced by 50%. Upskilling workers to effectively use AI tools will be essential for maximizing productivity and economic growth.

On a social level, the impact of a shrinking population is evident in the quality of care provided to the elderly. Madgavkar suggested that as families become smaller, there may be a shift in the social contract regarding elder care, moving responsibility from public systems to family support for aging individuals.

Dr. Philip Cafaro raised concerns about the environmental implications of population decline and the role of immigration in population growth. He argued that the rapid growth of the global population—over 8.2 billion today compared to around 2 billion in 1925—has contributed significantly to environmental degradation. Cafaro cautioned against the notion that a slight reduction in global economic growth due to low fertility rates is a primary concern. Instead, he emphasized the risks associated with continued high rates of economic growth, which can further harm the global ecosystem.

Cafaro proposed that to move toward a more sustainable future, society should embrace population decline, particularly in developed countries where fertility rates are at or below replacement levels. He urged a reevaluation of the implications of both growing and shrinking populations on preserving essential ecosystem services.

This article was written with support from the American Community Media Fellowship Program.

Unemployment Claims Decrease Ahead of Upcoming Holiday Week

U.S. unemployment claims unexpectedly declined in a holiday-shortened week, indicating low layoffs despite a sluggish hiring environment and an elevated jobless rate.

The number of Americans filing for unemployment benefits fell unexpectedly last week, reflecting a continued low level of layoffs during the holiday season. However, the unemployment rate remains high as hiring slows.

Initial claims for state unemployment benefits decreased for the second consecutive week, dropping by 10,000 to a seasonally adjusted total of 214,000 for the week ending December 20, according to the Labor Department. This figure was notably below the 232,000 new applications that analysts surveyed by data firm FactSet had predicted. The weekly report was released a day early due to the upcoming Christmas holiday.

Applications for unemployment aid are widely regarded as a proxy for layoffs and serve as a real-time indicator of the job market’s health. The government reported last week that the U.S. economy added a modest 64,000 jobs in November, following a loss of 105,000 jobs in October. This decline was largely attributed to the departure of federal workers due to cuts implemented by the Trump administration.

The unemployment rate rose to 4.6% in November, marking the highest level since 2021. According to the Associated Press, the significant job losses in October were primarily driven by a reduction of 162,000 federal workers, many of whom resigned at the end of fiscal year 2025 on September 30, amid pressures stemming from billionaire Elon Musk’s efforts to reduce U.S. government payrolls. Additionally, Labor Department revisions adjusted the job numbers downward, removing 33,000 jobs from August and September payrolls.

Christopher Rupkey, chief economist at FWDBONDS, noted that unless companies begin to fire workers, the economy is likely to continue progressing “at a moderate pace.” The labor market appears to be in a “no hire, no fire” mode, as described by economists and policymakers, according to Reuters.

Despite the broader economy showing resilience—with gross domestic product expanding at its fastest pace in two years during the third quarter—the labor market has nearly stalled. Economists attribute this stagnation to President Donald Trump’s import tariffs and immigration policies, which have negatively impacted both labor demand and supply.

The recent data had little effect on U.S. financial markets during the holiday-shortened trading week.

“Continued claims remain at a level consistent with a slow pace of hiring but aren’t signaling that hiring conditions have worsened,” said Nancy Vanden Houten, lead U.S. economist at Oxford Economics.

The Labor Department’s report also indicated that the four-week moving average of claims, which smooths out week-to-week fluctuations, fell by 750 to 216,750. Meanwhile, the total number of Americans receiving jobless benefits for the week ending December 13 increased by 38,000 to reach 1.92 million, according to government data.

As the holiday season progresses, the labor market’s dynamics will continue to be closely monitored, especially in light of the ongoing economic challenges.

For further insights, see The American Bazaar.

Nvidia Licenses Technology from Groq and Expands Executive Team

Nvidia has entered a licensing agreement with Groq, acquiring its technology and key executives while allowing Groq to remain an independent entity.

Nvidia has announced a significant licensing agreement with the startup Groq, which includes the hiring of Groq’s CEO and other key executives. This development was detailed in a blog post by Groq, highlighting a trend where major tech companies engage with promising startups to leverage their technology and talent without outright acquisitions.

Groq is known for its specialization in “inference,” a process that involves artificial intelligence models responding to user queries after they have been trained. While Nvidia has established dominance in the AI training sector, it faces increasing competition from both established rivals and emerging startups like Groq and Cerebras Systems.

The agreement has been characterized by Groq as a “non-exclusive licensing agreement” for its inference technology. Groq emphasized that this partnership reflects a mutual commitment to enhancing access to high-performance, cost-effective inference solutions.

As part of this deal, Jonathan Ross, Groq’s Founder, and Sunny Madra, Groq’s President, along with other members of the Groq team, will transition to Nvidia to help advance and scale the licensed technology. Despite these changes, Groq will continue to operate independently under the leadership of Simon Edwards, who will assume the role of CEO.

A source close to Nvidia confirmed the agreement, although Groq has not disclosed any financial details related to the deal. Reports from CNBC suggested that Nvidia had considered acquiring Groq for $20 billion in cash, but neither company has commented on this speculation.

Bernstein analyst Stacy Rasgon noted in a recent client communication that antitrust concerns could pose a significant risk in this arrangement. However, by structuring the deal as a non-exclusive license, Nvidia may maintain the appearance of competition, even as Groq’s leadership and technical talent transition to Nvidia.

Groq has seen substantial growth, more than doubling its valuation to $6.9 billion from $2.8 billion since August of last year, following a $750 million funding round in September. The company distinguishes itself by not relying on external high-bandwidth memory chips, which has insulated it from the memory shortages currently affecting the global chip industry. Instead, Groq utilizes on-chip memory known as SRAM, which accelerates interactions with chatbots and other AI models, albeit at the cost of limiting the size of the models it can serve.

In the competitive landscape, Groq’s main rival is Cerebras Systems, which is reportedly planning to go public next year. Both companies have secured significant contracts in the Middle East, further solidifying their positions in the market.

Nvidia’s CEO, Jensen Huang, recently delivered his most important keynote address of the year, emphasizing the company’s strategy to maintain its leadership as the AI market transitions from training to inference.

This licensing agreement with Groq marks another strategic move for Nvidia as it seeks to bolster its capabilities in the rapidly evolving AI landscape, ensuring that it remains at the forefront of technological advancements.

For further details, refer to Reuters.

Top Ten Richest Countries in the World by 2025

The top ten richest countries in the world by GDP per capita in 2025 showcase how strategic investments and effective governance contribute to national prosperity.

When discussions arise about the wealthiest nations globally, total Gross Domestic Product (GDP) often takes center stage. However, while GDP reflects the overall size of an economy, it does not provide insight into wealth distribution or the quality of life for citizens. A large economy can still leave many individuals struggling. This is why GDP per capita adjusted for Purchasing Power Parity (PPP) is considered a more accurate measure of real prosperity. This metric accounts for population size, local prices, and the cost of living, offering a clearer picture of individual economic well-being.

Using estimates from the International Monetary Fund (IMF) for 2025, compiled and analyzed by World Atlas, we examine the top ten richest countries in the world based on GDP per capita (PPP) and the economic strategies that have propelled them to the forefront of global wealth.

Liechtenstein ranks first with a GDP per capita of $201,112. This Alpine microstate has transitioned from an agrarian economy to a hub for high-precision manufacturing, niche machinery, dental technology, and financial services. Its economic stability is bolstered by close ties with Switzerland, the use of the Swiss franc, and preferential access to European markets through the European Economic Area (EEA) and the European Free Trade Association (EFTA). With a AAA credit rating, ultra-low unemployment, and a commitment to research and development, Liechtenstein exemplifies innovation-driven wealth.

Singapore follows closely with a GDP per capita of $156,969. The city-state’s transformation from a struggling port to a global financial and technology center is a remarkable economic success story. Since gaining independence in 1965, Singapore has focused on export-led growth, strong governance, and world-class education. Its economy is powered by manufacturing, finance, logistics, and digital services. Additionally, Singapore ranks first on the World Bank’s Human Capital Index and is a regional leader in sustainability initiatives through the Singapore Green Plan 2030.

Luxembourg, with a GDP per capita of $152,395, owes its wealth to a robust financial services sector that manages over €5 trillion in assets, making it the world’s second-largest investment fund center after the United States. The country’s expertise in cross-border fund administration, private banking, and insurance continues to attract global capital. The Luxembourg Green Exchange, which lists more than €1 trillion in sustainable bonds, has further solidified Luxembourg’s position as the European Union’s leading green finance hub.

With a GDP per capita of $147,878, Ireland’s economic success is closely linked to foreign direct investment from multinational technology, pharmaceutical, and financial firms. EU membership and a highly educated workforce provide a strong foundation for growth. Although multinational profits can inflate headline GDP figures, strong domestic employment and consumption ensure high living standards. Even when adjusted for metrics like Gross National Income, Ireland remains one of the wealthiest nations on a PPP basis.

Qatar, boasting a GDP per capita of $122,283, has built its prosperity on vast natural gas reserves and is recognized as one of the world’s leading liquefied natural gas exporters. Energy revenues finance world-class infrastructure and public services, alongside one of the region’s most powerful sovereign wealth funds. Under the Qatar National Vision 2030, the country is diversifying its economy into tourism, education, and finance, while the continued expansion of the North Field LNG project is expected to sustain growth into the future.

Norway, with a GDP per capita of $106,694, combines natural resource wealth with disciplined fiscal management. As a major exporter of oil, gas, fisheries, and minerals, Norway channels nearly all petroleum revenues into the Government Pension Fund Global, the world’s largest sovereign wealth fund, valued at over $2 trillion in 2025. A strict rule allows only about 3% of the fund’s value to be spent annually, preserving wealth for future generations while maintaining economic stability.

Switzerland, with a GDP per capita of $97,659, enjoys enduring prosperity due to its political neutrality, stable institutions, and high-value exports. The country’s economy is supported by pharmaceuticals, medical technology, precision machinery, and luxury watches. A transparent financial system, low inflation, and world-leading innovation capacity keep Switzerland consistently among the richest countries globally.

Brunei, with a GDP per capita of $94,472, benefits from a small population and substantial oil and gas revenues, resulting in high per-capita income. In 2024, Brunei recorded a 4.2% economic growth rate—the strongest since 1999—driven by recovery in upstream and downstream energy activities, positioning Brunei among the fastest-growing economies in the ASEAN region.

Guyana, with a GDP per capita of $94,189, has experienced one of the most dramatic economic transformations in recent history. Once a low-income nation, offshore oil discoveries have turned Guyana into a significant energy exporter. Strong GDP growth, low public debt, and prudent management through the Natural Resource Fund are fueling investments in infrastructure, education, and healthcare.

Finally, the United States, with a GDP per capita of $89,598, remains the world’s largest economy by nominal GDP and ranks among the top ten nations by PPP per capita. The U.S. economy is characterized by its diversification and innovation, led by sectors such as technology, finance, healthcare, and advanced manufacturing. Deep capital markets, world-class universities, and high productivity help maintain strong living standards despite the large population.

These rankings illustrate that sustainable prosperity is not solely determined by size. Strategic investment, sound governance, innovation, and effective resource management consistently distinguish the world’s richest countries from others. As global economic conditions continue to evolve, GDP per capita (PPP) remains the most reliable lens through which to assess true national wealth, according to World Atlas.

RBI to Inject $32 Billion, Improving Remittance Value for NRIs

The Reserve Bank of India plans to inject $32 billion into the banking system, potentially benefiting Non-Resident Indians by enhancing the value of their remittances.

The Reserve Bank of India (RBI) has announced plans to inject approximately $32 billion into the banking system over the next month. This move aims to ensure sufficient cash availability and maintain stable interest rates.

According to reports, the RBI will implement this liquidity infusion through two primary methods. First, it will purchase government bonds worth ₹2 trillion (approximately $22.34 billion) between December 29 and January 22, 2026. This action will increase the number of rupees in circulation.

Secondly, the RBI will conduct a $10 billion, three-year dollar-rupee buy/sell swap on January 13. This swap is designed to manage both the supply of dollars and the liquidity of rupees in the market.

“The intent is quite clear that the RBI wants to inject durable liquidity into the banking system,” stated Sakshi Gupta, principal economist at HDFC Bank. Gupta noted that seasonal factors and the central bank’s foreign exchange interventions have negatively impacted rupee liquidity. She believes that the size of this infusion should positively influence bond market sentiment in the near term.

As the RBI increases rupee liquidity, it may exert mild downward pressure on the rupee’s value. A weaker rupee could result in Non-Resident Indians (NRIs) receiving more rupees for each dollar they remit, making remittances more appealing in the short term. Typically, a softer rupee encourages higher remittance flows from NRIs, particularly for purposes such as investments, family support, or property acquisitions.

By easing liquidity conditions, the RBI aims to prevent domestic interest rates from rising sharply, which could limit potential increases in NRI deposit rates. The dollar-rupee swap is also intended to mitigate volatility, reducing the risk of sudden currency fluctuations that could disrupt remittance timing decisions.

This liquidity injection is expected to enhance the transmission of policy rates and stimulate credit growth. As liquidity increases, banks will have more resources available for lending, which generally leads to lower short-term interest rates, aligns overnight rates with the policy rate, and softens bond yields.

This year, the RBI has already infused a record ₹6.50 trillion into the economy through open market bond purchases and has conducted multiple dollar-rupee buy/sell swaps. The most recent swap occurred on December 16, involving $5 billion over three years.

A treasury head at a private sector bank commented, “We would see the 10-year benchmark bond yield moving below the 6.60% mark in early trades tomorrow. After that, the movement will depend on the choice of papers for next week’s open market operations.” The 10-year yield closed at 6.6328% on Tuesday.

Traders in the foreign exchange market believe that while the swap will help alleviate the recent upward pressure on forward premiums, it is unlikely to resolve the immediate challenges related to excess dollar liquidity as the year draws to a close.

“We expect the rate cut and open market operations-driven liquidity infusion to improve portfolio transmission and create greater room for lending to micro, small, and medium enterprises (MSMEs), retail borrowers, and the rural economy,” said Sarvjit Singh Samra, CEO of Capital Small Finance Bank. He added that the neutral stance of the RBI also brings policy predictability, allowing for more precise planning of asset-liability strategies.

This strategic liquidity injection by the RBI is poised to have significant implications for both the banking sector and NRIs, potentially enhancing the value of remittances and supporting economic growth.

According to Reuters, the RBI’s actions reflect a proactive approach to managing liquidity and ensuring stability in the financial system.

Starbucks Appoints Indian-American Anand Varadarajan as Chief Technology Officer

Starbucks has appointed Anand Varadarajan, a veteran of Amazon, as its new chief technology officer, effective January 19, 2026.

Starbucks announced on Friday that it has appointed Anand Varadarajan as its new chief technology officer (CTO). Varadarajan, who spent nearly 19 years at Amazon, most recently led technology and supply chain operations for the tech giant’s worldwide grocery stores business.

In a memo announcing the hiring, Starbucks CEO Brian Niccol praised Varadarajan’s expertise, stating, “He knows how to create systems that are reliable and secure, drive operational excellence, and scale solutions that keep customers at the center. Just as important, he cares deeply about supporting and developing the people behind the scenes that build and enable the technology we use.”

Varadarajan will officially begin his role on January 19, 2026, and will also serve as executive vice president. He takes over from Deb Hall Lefevre, the former CTO, who departed in September amid a $1 billion restructuring plan that included a second round of layoffs.

With a strong educational background, Varadarajan is an alumnus of the Indian Institute of Technology (IIT) and holds a master’s degree in civil engineering from Purdue University, as well as a master’s degree in computer science from the University of Washington.

During his tenure at Amazon, Varadarajan was recently elevated to oversee the worldwide grocery technology and supply chain organizations, which encompass both the company’s Fresh brand and Whole Foods. He reported directly to Jason Buechel, Amazon’s grocery chief and the CEO of Whole Foods.

At Amazon, Varadarajan was instrumental in implementing grocery technology innovations, including a pilot program that introduced mini robotic warehouses in Whole Foods supermarkets. This initiative enabled consumers to shop from both the in-store selection and products from Amazon’s broader inventory, which are not typically available at the organic grocer.

Starbucks is currently navigating a significant turnaround strategy under Niccol, who took over as CEO in September 2024. The company recently reported that its quarterly same-store sales returned to growth for the first time in nearly two years, according to CNBC. Additionally, holiday sales have shown strong performance this season, despite ongoing strikes by baristas.

A key component of Starbucks’ turnaround strategy is its hospitality platform, Green Apron Service, which represents the company’s largest investment in labor at $500 million. This program is designed to ensure proper staffing and enhance technology to maintain fast service times. It was developed in response to the growth in digital orders, which now account for more than 30% of sales, as well as feedback from baristas.

In a related development, Starbucks recently announced it would pay $35 million to more than 15,000 workers in New York City to settle claims that it denied them stable schedules and arbitrarily reduced their hours. This settlement comes amid a continuing strike by Starbucks’ union, which began last month in various locations across the U.S. This marks the third strike to impact the chain since the union was established four years ago.

As Starbucks moves forward with its strategic initiatives, Varadarajan’s extensive experience in technology and supply chain management is expected to play a crucial role in the company’s efforts to enhance operational efficiency and customer satisfaction.

According to CNBC, the company is focused on leveraging technology to improve service and address the challenges posed by labor disputes.

Larry Ellison Offers $40 Billion Guarantee for Paramount’s WBD Acquisition

Tech billionaire Larry Ellison has committed over $40 billion to back Paramount’s Skydance bid for Warner Bros. Discovery, amid a contentious takeover effort.

Tech billionaire Larry Ellison has agreed to provide a personal guarantee exceeding $40 billion for Paramount’s Skydance bid to acquire Warner Bros. Discovery (WBD). This move comes as Paramount has initiated a hostile takeover attempt, following Netflix’s recent acquisition of WBD’s television, film studios, and streaming assets.

In response to the takeover bid, WBD has urged its shareholders to reject Paramount’s offer. The company has accused Paramount of misleading investors by asserting that its proposal had a “full backstop” from the Ellisons, who control the company. This claim raised concerns about the financial backing of the bid.

In a significant development, Larry Ellison, also the co-founder of Oracle, has stepped in to personally guarantee $40.4 billion in equity financing for the proposed acquisition.

David Ellison, chairman and CEO of Paramount and Larry’s son, emphasized the company’s commitment to acquiring WBD. He stated, “Our $30 per share, fully financed all-cash offer was made on December 4th, and continues to be the superior option to maximize value for WBD shareholders.”

The Ellisons have faced scrutiny regarding the funding of the bid, particularly after a regulatory filing revealed that it was supported by external investors, including Affinity Partners, an investment firm founded by Jared Kushner, the son-in-law of former President Donald Trump, as well as Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority. However, Affinity Partners withdrew from the bid last week.

Seth Shafer, principal analyst at S&P Global Market Intelligence Kagan, commented on the situation, saying, “I doubt many Warner Bros. shareholders that are on the fence or planning to vote no were holding out due to issues with the revised bid addresses such as a guarantee from Larry Ellison on the funding front.”

For both Paramount and Netflix, securing shareholder support is merely the first hurdle. The proposed deal is expected to undergo intense scrutiny from lawmakers across the political spectrum, who have expressed concerns about consolidation within the media industry. President Trump has also indicated plans to weigh in on the transactions.

A merger between Paramount and Warner Bros. would create a studio larger than the industry leader, Disney, and would combine two significant television operators. Some Democratic senators have voiced concerns that such a move would grant one company control over “almost everything Americans watch on TV.”

On the other hand, a partnership between Netflix and WBD would solidify Netflix’s dominance in the streaming sector, resulting in a combined subscriber base of 428 million. Netflix has assured that it would honor Warner Bros.’ theatrical commitments and argues that the deal would ultimately benefit consumers by lowering costs through bundled offerings.

The implications of these potential mergers extend beyond financial considerations, as they raise significant questions about market competition and consumer choice in the media landscape.

According to The American Bazaar, the developments surrounding the bids and the involvement of high-profile investors like Larry Ellison highlight the ongoing evolution of the media industry and the strategic maneuvers companies are willing to undertake to secure their positions.

ChatGPT Mobile Spending Surpasses $3 Billion Worldwide

ChatGPT’s mobile app has surpassed $3 billion in global consumer spending, reflecting rapid adoption of AI technology and a strong subscription model since its launch in May 2023.

OpenAI’s ChatGPT mobile app has achieved a significant milestone, crossing $3 billion in global consumer spending. This figure highlights the rapid adoption of artificial intelligence and the effectiveness of subscription-driven growth.

As of this week, the ChatGPT mobile app has surpassed $3 billion in worldwide consumer spending on both iOS and Android platforms since its launch in May 2023. According to estimates from app intelligence provider Appfigures, a substantial portion of this growth—approximately $2.48 billion—occurred in 2025 alone. This marks a notable increase compared to the $487 million spent in 2024, showcasing the widespread acceptance of AI tools on mobile devices.

The ChatGPT app reached the $3 billion milestone in just 31 months, outpacing other major applications. For instance, TikTok took 58 months to reach a similar figure, while streaming services like Disney+ and HBO Max required 42 and 46 months, respectively. This rapid adoption underscores ChatGPT’s unique position in the mobile app market.

A significant portion of the spending is attributed to paid subscription tiers, such as ChatGPT Plus and ChatGPT Pro, which provide users with access to advanced features and the latest AI models. The app’s visibility in mobile app rankings has also increased, reflecting a growing consumer willingness to invest in AI-powered services. This achievement establishes ChatGPT as one of the most rapidly monetized AI applications in mobile history.

The $3 billion figure encompasses total spending on iOS and Android devices since the app’s initial launch. When it first debuted in May 2023, it was available exclusively on iOS.

ChatGPT is an AI language model developed by OpenAI that can comprehend and generate human-like text based on user prompts. It employs advanced machine learning techniques to perform a variety of tasks, including answering questions, writing content, translating languages, summarizing text, and assisting with coding.

The model has been integrated into various platforms, encompassing both web and mobile applications. It offers users free access alongside paid subscription options that provide enhanced capabilities. As a result, ChatGPT has rapidly emerged as one of the most widely utilized AI tools, reflecting the increasing demand for conversational AI across sectors such as education, business, entertainment, and everyday problem-solving.

The swift rise of the ChatGPT mobile app signifies a broader shift in consumer engagement with artificial intelligence, indicating a growing comfort with incorporating AI tools into daily life. Beyond impressive revenue figures, its success illustrates a larger trend toward mainstream adoption of AI-powered applications, where users increasingly recognize the value of conversational AI for productivity, creativity, and problem-solving.

This milestone also highlights the effectiveness of a subscription-based model for monetizing advanced AI services, demonstrating users’ willingness to invest in tools that enhance efficiency and provide innovative capabilities.

The app’s accelerated adoption compared to other major platforms reflects evolving expectations among mobile users and the distinct appeal of AI-driven experiences that deliver immediate, tangible benefits. Furthermore, this growth suggests a potential expansion of AI across various sectors, from education and entertainment to professional workflows, as accessibility and user familiarity continue to improve.

According to Appfigures, the success of ChatGPT’s mobile app is a testament to the increasing integration of AI into everyday life.

Global Malayalee Festival to Launch Wayanad AI and Data Center Project

The inaugural Global Malayalee Festival in Kochi will unveil plans for the Wayanad AI and Data Center Park, aiming to position Kerala as a leader in technology and innovation.

Kochi: The inaugural Global Malayalee Festival, taking place on January 1 and 2 at the Crowne Plaza Hotel in Kochi, promises to be a landmark event for the global Malayalee community. This festival, organized by the Malayalee Festival Federation, a not-for-profit organization registered as an NGO, aims to blend cultural celebration with strategic economic initiatives.

Bringing together Malayalees from around the world, the festival seeks to foster cultural unity, business collaboration, and long-term development initiatives for Kerala. A key highlight of the event will be the announcement of a significant public-private partnership project—the proposed Wayanad AI and Data Center Park. This initiative aims to position Kerala as a leading hub for artificial intelligence, data infrastructure, and technological innovation in India.

The Global Malayalee Festival is designed to be inclusive, welcoming participants from all walks of life, including professionals, entrepreneurs, academics, artists, and community leaders. The central event on the evening of January 1 will feature global delegates networking and celebrating the New Year, underscoring the festival’s emphasis on unity and shared identity.

January 2 will be dedicated to the first-ever Global Malayalee Trade and Investment Meet, a full day of structured sessions aimed at connecting Kerala with global business expertise and capital. The morning session will include presentations from prominent business leaders, particularly from Gulf countries, alongside leading Malayalee entrepreneurs. Discussions will focus on investment opportunities in Kerala, emerging global markets, cross-border trade, and the diaspora’s role in strengthening the state’s economy.

The afternoon session will shift focus to artificial intelligence, information technology, and startup ecosystems, reflecting Kerala’s ambitions in the digital economy. Industry experts, technology entrepreneurs, and startup leaders are expected to explore opportunities in AI innovation, data science, and digital infrastructure, highlighting Kerala’s potential as a knowledge and technology hub.

During this session, the Malayalee Festival Federation will formally announce plans for the Wayanad AI and Data Center Park, proposed to be located in South Wayanad, between Kalpetta and Nilambur. This project is envisioned as a comprehensive facility that will combine AI research and development, innovation labs, training and skilling centers, and a modern data center.

“Kerala should be at the forefront of AI development in India,” organizers stated, adding that the proposed park aims to create high-value employment, promote innovation, and attract both domestic and international investment. The federation plans to collaborate with the Kerala state government, the central government, and venture capital partners over the coming year to bring this proposal to fruition.

The evening public session on January 2 will honor 16 distinguished individuals with the Global Malayalee Ratna Awards, recognizing excellence and lifetime contributions across various fields, including business, finance, engineering, science, technology, politics, literature, arts, culture, trade, and community service. Additionally, several other prominent Malayalees will receive special recognition for their personal achievements and sustained contributions to the global Malayalee community.

The festival is expected to attract attendance from Kerala and central ministers, opposition leaders, senior political figures, and special guests from abroad, particularly from the Gulf region, highlighting the growing global footprint of the Malayalee diaspora.

Abdullah Manjeri, Director and Managing Director of the Malayalee Festival Federation, emphasized that the organization’s core mission is the socio-economic development of Kerala by leveraging the expertise, experience, and resources of global Malayalees. “The Global Malayalee Festival is intended to build a lasting network of Malayalees across continents and actively connect them with Kerala’s development journey,” he said. Initiatives like the Wayanad AI and Data Center Park reflect the federation’s commitment to future-oriented growth.

The festival will conclude with a gala dinner and orchestra, merging cultural celebration with a renewed commitment to collaboration and innovation. With its unique blend of culture, commerce, technology, and recognition, the first Global Malayalee Festival is poised to become a recurring platform that not only celebrates Malayalee identity but also channels global expertise toward shaping Kerala’s future, according to Global Net News.

Google Cloud Partners with Palo Alto Networks in Nearly $10 Billion Deal

Palo Alto Networks will migrate key internal workloads to Google Cloud as part of a nearly $10 billion deal, enhancing their strategic partnership and engineering collaboration.

Palo Alto Networks has announced a significant multibillion-dollar deal with Google Cloud, which will see the migration of key internal workloads to the cloud platform. This partnership, revealed on Friday, marks an expansion of their existing collaboration and aims to deepen their engineering efforts.

As part of this agreement, Palo Alto Networks will utilize Google Gemini’s artificial intelligence models for its copilots and leverage Google Cloud’s Vertex AI platform. This integration reflects a growing trend among enterprises to harness AI while addressing security concerns.

“Every board is asking how to harness AI’s power without exposing the business to new threats,” said BJ Jenkins, president of Palo Alto Networks. “This partnership answers that question.” Matt Renner, chief revenue officer for Google Cloud, echoed this sentiment, stating that “AI has spawned a tremendous amount of demand for security.”

Palo Alto Networks is well-known for its extensive range of cybersecurity products and has already established over 75 joint integrations with Google Cloud. The company has reported $2 billion in sales through the Google Cloud Marketplace, underscoring the success of their collaboration thus far.

The new phase of the partnership will enable Palo Alto Networks customers to protect live AI workloads and data on Google Cloud. It will also facilitate the maintenance of security policies, accelerate Google Cloud adoption, and simplify and unify security solutions across various platforms.

According to a recent press release from Palo Alto Networks, their State of Cloud Report, released in December 2025, indicates that customers are significantly increasing their use of cloud infrastructure to support new AI applications and services. Alarmingly, the report found that 99% of respondents experienced at least one attack on their AI infrastructure in the past year.

This partnership aims to address these pressing security challenges through an enhanced go-to-market strategy. It will focus on building security into every layer of hybrid multicloud infrastructure, every stage of application development, and every endpoint. This approach will allow businesses to innovate with advanced AI technologies while safeguarding their intellectual property and data in the cloud.

The companies plan to deliver end-to-end AI security, which includes a next-generation software firewall driven by AI, an AI-driven secure access service edge (SASE) platform, and a simplified and unified security experience for users.

Both Google and Palo Alto Networks have made substantial investments in security software as enterprises increasingly adopt AI solutions. Notably, Google is in the process of acquiring security firm Wiz for $32 billion, pending regulatory approval.

Palo Alto Networks has also been active in the AI space, launching AI-driven offerings in October and announcing plans to acquire software company Chronosphere for $3.35 billion last month. Renner emphasized that this new deal highlights Google Cloud’s advantageous positioning as AI reshapes the competitive landscape against major rivals like Amazon and Microsoft.

This partnership between Palo Alto Networks and Google Cloud is poised to redefine how organizations approach AI security, ensuring that as they innovate, they do so with robust protections in place.

According to The American Bazaar, the collaboration is a strategic move to enhance security measures in an increasingly AI-driven world.

Holiday Deliveries and Scams: Beware of Fake Tracking Texts

Scammers are exploiting the holiday rush by sending fake tracking alerts that mimic legitimate carriers, aiming to steal personal information and login credentials.

As the holiday season approaches its peak, many consumers find themselves inundated with shipping updates, tracking numbers, and delivery alerts from various retailers. Unfortunately, scammers are keenly aware of this busy time and have ramped up their efforts to exploit unsuspecting shoppers. A surge of fake tracking texts has begun to flood inboxes, designed to look legitimate and timed perfectly with the arrival of expected packages.

These fraudulent messages often contain links that appear to lead to real tracking pages. However, they are actually designed to capture personal information. For instance, a Maryland resident recently discovered that she had received a fake delivery notification complete with a QR code that functioned similarly. Clicking on these links can lead to spoofed websites that closely resemble official tracking pages, prompting users to enter sensitive information such as login credentials or delivery details. Once this information is submitted, scammers can gain access to real accounts.

Moreover, some of these links may harbor malware or spyware, which can silently install on your device, allowing scammers to steal passwords, monitor keystrokes, or gain remote access. With the holiday rush overwhelming many, it is crucial to remain vigilant and recognize the warning signs of these scams.

To protect yourself, it is essential to be aware of certain red flags. If a text message raises any suspicions, it is advisable to delete it immediately. When in doubt, always verify the message by checking directly with the delivery service provider before clicking on any links.

Another significant aspect of this issue is the availability of personal data to scammers. They do not magically know your address or recent purchases; instead, they acquire this information from data brokers. This industry specializes in collecting and selling personal data, which can include a wide array of details about individuals. Some brokers have even been caught selling data directly to scammers, making it easier for criminals to craft convincing delivery scams.

To mitigate the risk of falling victim to these scams, it is advisable to take steps to clean up your personal information online. Start by searching for yourself using various combinations of your name, address, email, and phone number. This should reveal several people search sites where your information may be listed. Most of these sites have an “opt-out” page where you can request the removal of your data.

However, private database brokers can be more challenging to deal with, as they sell data in bulk and do not typically allow individuals to check if their information is included. Researching which data brokers operate in your area and sending opt-out requests to them can be an effective strategy. Alternatively, consider utilizing a data removal service that specializes in this process. These services can automatically monitor and remove your personal information from various data broker sites, providing peace of mind in an increasingly complex digital landscape.

While no service can guarantee complete removal of your data from the internet, a reputable data removal service can significantly reduce the amount of personal information available online. By limiting the data accessible to scammers, you decrease the likelihood of becoming a target. This proactive approach can help safeguard your privacy and reduce the risk of identity theft.

As the holiday season continues, it is vital to remain cautious. Holiday delivery scams thrive on the chaos of December shopping, using well-timed messages and familiar links to lower your defenses. By taking the time to verify messages and minimizing the circulation of your personal data, you can effectively counteract the tactics employed by scammers. A little caution now can prevent significant headaches in the future.

If you have encountered a suspicious delivery text or tracking message this holiday season, consider sharing your experience. Your insights could help others recognize and avoid similar scams. For more information on protecting your personal data and staying informed about the latest scams, visit Cyberguy.com.

In Conversation with Supportiyo CEO on AI as a Digital Workforce

Supportiyo, co-founded by Ashar Ahmad, is transforming the home service industry by providing small businesses with an AI-driven digital workforce to enhance operational efficiency and reduce missed calls.

In an exclusive interview, Ashar Ahmad, co-founder and CEO of Supportiyo, discusses how the startup is revolutionizing operations for small businesses through applied artificial intelligence (AI).

Supportiyo, co-founded by Ahmad, is an applied AI startup focused on creating a digital workforce specifically for home service businesses. Unlike most AI tools that cater to large enterprises or technical users, Supportiyo aims to bridge the gap for small businesses that seek effective outcomes rather than complex tools.

The platform functions as a vertical AI phone agent for home service businesses, addressing one of the industry’s significant revenue leaks: missed calls. Supportiyo answers calls instantly, comprehends trade-specific language, manages customer objections, and books jobs directly into company calendars. This solution emerged from the collaboration between Ahmad, an AI engineer, and Ahmad M.S., a trades business owner who experienced firsthand the operational challenges faced by small businesses.

In the interview, Ahmad elaborated on Supportiyo’s mission and core purpose. “Supportiyo is an applied AI company building a digital workforce for home service businesses,” he explained. “Today, most advanced AI and automation tools are built for enterprises, engineers, or power users. Small business owners don’t want tools, workflows, or configuration platforms. They want work to get done.”

Ahmad emphasized that Supportiyo’s purpose is to transform existing AI capabilities into autonomous AI workers that take ownership of essential business functions. “These aren’t tools that merely assist people; they’re systems designed to actively perform work inside a business,” he noted. By identifying core workflows in home service businesses, Supportiyo creates AI workers capable of managing responsibilities from start to finish, delivering real return on investment without requiring business owners to learn new software or alter their operations.

When asked about the inspiration behind Supportiyo, Ahmad shared that the company was born out of a specific problem: missed calls. “As a builder and AI engineer, I saw how much capability already existed and how poorly it translated into real outcomes for small businesses,” he said. “When Ahmad, who was running a home service business at the time, became our first customer, the problem became very concrete. His business was losing revenue simply because calls were missed while technicians were in the field.”

Ahmad pointed out that the home services sector is one of the most underserved markets when it comes to technology solutions. While industries such as hospitality, banking, and education have access to various tools, home services have lagged behind. “Supportiyo exists to close the gap between modern technology and practical execution,” he added.

Supportiyo’s unique approach to trades businesses sets it apart from generic call-handling solutions. “We combine deep technical capability with real domain expertise,” Ahmad explained. “Most platforms give businesses ingredients—tools, workflows, prompts, and integrations—that owners are expected to assemble themselves. We take a different approach.” Instead of providing a kitchen full of tools, Supportiyo offers prebuilt, industry-specific AI workers that understand trade language, objections, scheduling logic, and operational nuances.

Feedback from early adopters has been overwhelmingly positive, with users expressing relief and trust in the system. An HVAC business owner noted that handling calls while working in the field was a significant challenge. After implementing Supportiyo, every customer was attended to and scheduled promptly, allowing the owner to step in only when necessary. A local food business shared that language barriers had previously hindered customer interactions, but Supportiyo learned their full menu and preferences, enabling smooth conversations and allowing the team to focus on their core work.

Ahmad highlighted that Supportiyo now manages close to 80% of inbound calls for some service business owners, providing them with more time to concentrate on growth. “Owners often describe Supportiyo not as software, but as an extra worker they can rely on,” he said.

When discussing how the AI handles objections and nuanced customer queries, Ahmad explained that the AI operates with full business context rather than relying on scripts or hardcoded prompts. “Each AI worker understands the specific business it represents, including services, pricing logic, availability, and policies,” he stated. This capability allows the AI to respond based on real business rules and past outcomes, ensuring accountability and effective resolution of customer inquiries.

Building Supportiyo has not been without its challenges. Ahmad noted that educating potential customers about AI’s capabilities is crucial before selling the product. “We first have to explain what AI can realistically do, what it replaces, and what outcomes owners should expect,” he said. Trust has also been a significant hurdle, as the AI category has been marred by flashy products that fail in real operations. Supportiyo addresses this by focusing on reliability, narrow responsibilities, and maintaining tight feedback loops with customers.

Ahmad described a typical customer journey, which has evolved from a hands-on onboarding process to a more streamlined experience. “Today, onboarding is fast and simple. A customer creates an account, selects their industry, connects their website, and activates an AI worker. Within minutes, calls are being handled,” he explained. For those seeking guidance, assisted onboarding allows customers to go live in under ten minutes. “The core principle is that the AI adapts to the business. The business does not adapt to the AI,” he added.

Looking ahead, Ahmad envisions Supportiyo becoming the default AI workforce for home service businesses within the next five years. “Platforms like Jobber and ServiceTitan helped move the industry from paper to software. Supportiyo moves it from software to autonomous AI workers,” he said. The goal is not to replace people but to alleviate operational burdens, allowing humans to focus on judgment, relationships, and growth. “Home services are just the beginning. The mission stays the same as we expand: applied AI that takes responsibility for real work and delivers measurable impact,” he concluded.

According to The American Bazaar, Supportiyo is poised to make a significant impact on the home service industry by providing small businesses with the tools they need to thrive in an increasingly competitive landscape.

Harvard Dropout Launches Givefront to Support U.S. Nonprofits

Givefront, a fintech startup founded by Harvard dropout Matt Tengtrakool, aims to revolutionize financial management for U.S. nonprofits with tailored solutions that address their unique operational needs.

Over the past decade, fintech startups have significantly transformed how American businesses manage their finances. However, much of this innovation has primarily benefited for-profit companies, leaving nonprofits to contend with outdated financial tools that do not cater to their specific needs.

Enter Givefront, a startup backed by Y Combinator, co-founded by 21-year-old Matt Tengtrakool, a Harvard dropout, and Aidan Sunbury from UC Berkeley. The company’s mission is to create a financial platform specifically designed for nonprofits, ranging from food banks and animal shelters to NGOs, churches, and homeowner associations.

Nonprofits represent approximately 6% of the U.S. economy and handle trillions of dollars annually. Despite this, many organizations still rely on cumbersome financial systems that hinder their operations. Givefront aims to bridge this gap by providing modern tools for spend management, compliance, and reporting, tailored to the unique ways nonprofits operate.

Before launching Givefront, Tengtrakool explored the fintech landscape with a microloan aggregation startup in Nigeria. He also gained firsthand experience working within various nonprofits while studying computer science and statistics at Harvard, even managing some organizations himself. At one nonprofit, he played a key role in scaling fundraising efforts to nearly $500,000. These experiences highlighted a critical issue: nonprofits face stringent regulatory and reporting standards, yet they lack access to the modern financial tools that for-profit companies often take for granted.

“I’ve always been interested in financial systems, and this work fits naturally with that,” Tengtrakool shared in an interview. “While helping run these nonprofits with a few other students, we realized most of them didn’t have adequate financial tools to ensure compliance or protect their tax-exempt status. The tools they relied on were completely out of sync with what’s considered modern in the startup world.”

The initial version of Givefront was developed as an in-house solution to address these challenges. What started as a fix for the nonprofits Tengtrakool was directly involved with quickly garnered interest from local organizations across the United States. As the product evolved, the team honed its focus on creating a single, integrated financial platform designed exclusively for registered nonprofits, a sector that encompasses approximately 1.9 million organizations nationwide.

While Givefront may initially resemble corporate spend tools like Ramp or Brex, its nonprofit-centric approach is what truly sets it apart. Nonprofits operate under constraints that most businesses do not encounter. They must manage restricted and unrestricted funding, report expenditures back to donors and foundations, track volunteer reimbursements, and comply with IRS Form 990 requirements. Many nonprofits juggle multiple grants simultaneously, each with its own specific rules regarding spending and reporting.

Older nonprofit software platforms, such as Blackbaud, Sage, and MIP, continue to dominate the market, but they often fall short in providing real-time spending controls, intuitive approval processes, and seamless integrations with the tools nonprofits currently use.

Rather than attempting to replace these existing systems, Givefront positions itself as a specialized layer that complements them. The platform integrates with existing accounting software and adds essential features that nonprofits require, including grant-level budgeting, audit-ready receipt capture, nonprofit-specific spend controls, and automated reporting.

“Many of the workflows we’re building are deeply specific to how this part of the economy works,” Tengtrakool noted. “Our workflows and integrations are a 10x improvement when compared to traditional corporate or spend management tools.”

Currently, Givefront generates revenue through card interchange fees and subscription charges associated with its bill pay service. Looking ahead, the startup plans to diversify its revenue streams by introducing related products such as payroll, banking, budgeting tools, and potentially investment or endowment management services.

Since launching its card services about six months ago, Givefront has onboarded hundreds of nonprofits onto its platform. The company reports that both its revenue and total payment volume are growing at more than 200% month over month. By the end of this year, Givefront anticipates collaborating with around 1,000 nonprofits, with a goal of expanding that number to approximately 5,000 organizations by mid-next year.

Recently, Givefront secured $2 million in a funding round led by Script Capital, with contributions from Y Combinator, C3 Ventures, and Phoenix Fund, as well as angel investors, including the CEOs of Chariot and Wealthfront. The new capital will be utilized to enhance distribution, expand the team, and further develop its card and bill pay offerings.

As Givefront continues to grow, it aims to redefine financial management for nonprofits, providing them with the modern tools they need to thrive in an increasingly complex economic landscape, according to The American Bazaar.

Secret Phrases to Navigate AI Bot Customer Service Effectively

Tired of endless loops with AI customer service? Discover insider tips to bypass frustrating bots and reach a human representative for urgent assistance.

In an age where customer service interactions often begin with a friendly AI voice, many consumers find themselves trapped in frustrating loops of menus and automated responses. This phenomenon, dubbed “frustration AI,” is designed to exhaust callers until they give up and hang up. However, there are strategies you can employ to break free from these automated systems and connect with a real person when you need help most.

When you call customer service, it’s crucial to avoid explaining your issue in detail. Instead, use specific phrases that trigger the AI to escalate your call to a human representative. For instance, if the AI asks why you are calling, respond with phrases like “I need to cancel my service” or “I am returning a call.” The word “cancel” often raises red flags within the system, prompting a swift transfer to the customer retention team. Similarly, stating that you are returning a call indicates an ongoing issue that the AI cannot manage effectively.

Another effective tactic involves using “power words” during your interaction. If the AI presents you with options, simply state “Supervisor.” If that doesn’t yield results, try saying, “I need to file a formal complaint.” Many AI systems are not programmed to handle complaints or requests for supervisors, which can lead to a quick escalation to a human agent.

If you find yourself asked to enter your account number, consider pressing the pound key (#) instead of entering the numbers. Older systems may interpret this unexpected input as an error, defaulting to a human representative for assistance.

In cases where direct commands fail, adopting a confused demeanor can be beneficial. When the AI bot poses a question, pause for about ten seconds before responding. These systems are typically designed for quick interactions, and a prolonged silence can disrupt the flow, often resulting in a transfer to a human.

If you are stuck in a loop with the AI, try mimicking a poor phone connection. Speak in garbled words or nonsense. After the system struggles to understand you three times, it may automatically transfer you to a live agent, as it recognizes the call is not progressing as intended.

Another clever strategy involves language selection. If the company offers support in multiple languages, choose one that is not your primary language or does not match your accent. The AI may quickly give up and route you to a human representative trained to handle language-related issues.

These insider tricks can be invaluable when navigating the often frustrating world of AI customer service. Remember, you are calling for assistance, not to engage with an automated system. By employing these strategies, you can increase your chances of reaching a human representative who can help resolve your issues effectively.

For more tips on navigating technology and customer service, Kim Komando offers a wealth of resources and insights to help consumers tackle these challenges.

According to Fox News, these techniques can significantly improve your chances of bypassing AI and connecting with a live agent.

India Introduces Nuclear Bill with Operator Protections and Privatization Changes

India’s government has introduced the SHANTI Bill, aiming to privatize the nuclear sector and enhance safety regulations while targeting 100 gigawatts of nuclear power capacity by 2047.

NEW DELHI – On December 16, Union Minister of State for Science and Technology Jitendra Singh presented the ‘Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India’ (SHANTI) Bill, 2025, in Parliament. This significant legislation aims to open the nuclear industry to private players, with a goal of achieving 100 gigawatts (GW) of nuclear power capacity by 2047.

The proposed bill seeks to repeal the existing ‘Atomic Energy Act of 1962’ and the ‘Civil Liability for Nuclear Damage Act of 2010.’ By doing so, it aims to facilitate private sector participation while restructuring the legal framework surrounding accident compensation.

One of the key features of the SHANTI Bill is the introduction of provisions that effectively exempt nuclear reactor suppliers from liability concerning faulty equipment. Additionally, it shields operators from certain tort claims made by victims of nuclear accidents. This aspect of the bill addresses long-standing demands from the international nuclear industry, particularly from U.S. firms, which have advocated for protections against compensation claims in the event of an accident.

According to the statement of objects and reasons accompanying the bill, India has made significant strides in achieving self-reliance across the nuclear fuel cycle. The government asserts that its experience in managing the nuclear power program responsibly positions it to enhance nuclear installed capacity. This expansion is intended to support clean energy security and provide reliable, round-the-clock power for emerging needs, such as data centers and future-ready applications.

The SHANTI Bill also proposes a revised civil liability framework for nuclear damage, confers statutory status on the Atomic Energy Regulatory Board, and strengthens mechanisms related to safety, security, safeguards, quality assurance, and emergency preparedness. Furthermore, it outlines the creation of new institutional arrangements, including an Atomic Energy Redressal Advisory Council, the designation of Claims Commissioners, and a Nuclear Damage Claims Commission to address cases involving severe nuclear damage.

This legislative initiative marks a pivotal moment in India’s approach to nuclear energy, reflecting a commitment to modernize the sector while addressing the concerns of private investors and enhancing safety protocols.

According to IANS, the introduction of the SHANTI Bill signals a transformative shift in India’s nuclear policy, aiming to balance the need for increased energy capacity with robust safety measures.

Indian Wellness Innovator Greenspace Herbs Expands Focus to U.S. Market

Bengaluru-based Greenspace Herbs is expanding into the U.S. market with a new office in New Jersey, driven by increasing demand for its Quantum Ayurveda ingredients.

Bengaluru-based Greenspace Herbs is making significant strides in the United States with the opening of its first U.S. office in New Jersey. This move is fueled by a growing demand from American wellness and supplement brands for the company’s proprietary “Quantum Ayurveda” ingredients. The expansion underscores Greenspace Herbs’ commitment to enhancing its presence in the U.S. nutraceutical market while maintaining its core innovation and manufacturing operations in India.

Shafiulla Hirehal Nuruddin, the founder and managing director of Greenspace Herbs, explained the rationale behind selecting New Jersey as the location for their new office. “We chose New Jersey because it sits at the intersection of U.S. life sciences, nutraceutical innovation, and world-class supply chain access ideal for accelerating partnerships and bringing Quantum Ayurveda to market quickly and compliantly,” he stated in an interview.

Nuruddin emphasized the strategic advantages that New Jersey offers for the company’s U.S. operations. “Proximity to customers and partners is crucial. The Northeast has a high concentration of supplement brand headquarters, innovation teams, contract manufacturers, and commercialization partners,” he noted.

While the New Jersey office will primarily focus on customer relationships, partnerships, and market development, Greenspace Herbs has reiterated that all research, quantum processing, and manufacturing will continue to take place in Bengaluru. “This is India exporting cutting-edge science, not just heritage,” Nuruddin remarked. “We’re taking a 5,000-year-old Indian wisdom system, applying quantum physics in Indian laboratories, and sending it to the world’s most demanding markets. It’s Make in India meeting Make for the World.”

The interest in Quantum Ayurveda within the U.S. is broad, with several segments of the wellness industry showing enthusiasm. According to Nuruddin, the strongest initial demand is emerging from sectors focused on women’s health, cognition, and mental wellness, with sports nutrition gaining traction and clinical nutrition validating the approach as it develops.

He pointed out that American consumers and brands are increasingly moving away from short-term trends. “In the U.S., Quantum Ayurveda is resonating because the market is shifting from ‘trend-led’ ingredients to solutions that are standardized, explainable, and performance-consistent,” Nuruddin explained. This shift is particularly relevant for consumers prioritizing healthy aging, energy, inflammation management, sleep quality, and metabolic resilience.

Sports nutrition is also becoming a focal point for Greenspace Herbs. “Performance and recovery brands are actively exploring Quantum Ayurveda for endurance, recovery, and stress-load management, especially as athletes and ‘everyday performers’ seek cleaner, holistic stacks,” he added.

Nuruddin confirmed that several U.S. companies are currently testing the ingredients. “Importantly, several category-leading companies are already running pilot/test batches under confidentiality. Based on current program timelines, consumers should begin seeing the first commercial products in the market in early April 2026,” he stated.

When discussing the company’s core U.S. customer base, Nuruddin mentioned, “Our core U.S. customers are innovative supplement and wellness brands, while we also work with pharma-adjacent and functional food players where Quantum Ayurveda can meet high standards for quality, consistency, and scale.”

With its New Jersey office now operational, Greenspace Herbs is positioning itself as a formidable player in the U.S. nutraceutical space, while firmly aligning its innovation efforts with the “Make in India” initiative. The company’s commitment to blending ancient wisdom with modern science is set to make a significant impact on the wellness industry in the United States.

According to The American Bazaar, Greenspace Herbs is poised to become a key contributor to the evolving landscape of wellness solutions in the U.S.

Databricks Achieves $134 Billion Valuation Milestone

Databricks has achieved a significant milestone, raising over $4 billion in funding, resulting in a valuation of $134 billion as investor interest in AI technologies continues to surge.

Databricks announced on Tuesday that it has successfully raised more than $4 billion, bringing its valuation to an impressive $134 billion. This funding round highlights the growing investor confidence in companies that are poised to benefit from the increasing adoption of artificial intelligence (AI).

“It’s a race, and everybody’s investing,” said Databricks CEO Ali Ghodsi in an interview. “We don’t want to fall behind. I think by investing a lot and raising this kind of capital in the past, we’ve been able to actually accelerate our growth.”

The Series L funding round comes less than six months after Databricks’ previous funding round, which valued the company at $100 billion. Founded in 2013 by the creators of Apache Spark, Databricks has established itself as a leading data and AI company, providing a unified platform that integrates data engineering, data science, machine learning, and analytics. This platform enables organizations to efficiently process and analyze large-scale data.

Databricks’ technology is widely adopted across various industries, including finance, healthcare, retail, and technology. The company emphasizes collaborative workspaces, automated machine learning, and real-time data processing, making it a preferred choice for businesses looking to leverage data effectively.

The newly acquired funds will be allocated towards research and development, expanding go-to-market teams, and talent retention initiatives, which include providing liquidity to employees through secondary share sales.

This recent funding round underscores the robust investor confidence in companies operating at the intersection of data and AI. The rapid succession of funding rounds, particularly the swift jump from a $100 billion valuation to $134 billion, reflects the accelerated adoption of AI technologies across various sectors.

The funding round was led by Insight Partners, Fidelity Management & Research Company, and J.P. Morgan Asset Management, with participation from notable investors such as Andreessen Horowitz, BlackRock, and Blackstone.

Databricks’ strategic partnerships with major cloud providers, including Microsoft Azure, AWS, and Google Cloud, further bolster its market position. The company has cultivated a broad customer base across multiple sectors, enhancing its competitive edge.

“Databricks continues to pair strong financial performance with real customer results, setting the standard for how AI creates value for businesses,” stated John Wolff, managing director at Insight Partners.

The scale of Databricks’ funding round also reflects a broader enthusiasm among investors for companies that integrate AI into enterprise operations. While this financial backing provides the company with substantial resources to accelerate its growth, the actual return on these investments will depend on market conditions, customer adoption, and competitive pressures—factors that are inherently unpredictable.

Databricks’ focus on AI and data solutions positions it well to capitalize on the ongoing digital transformation of businesses. The funding round illustrates a trend in the tech industry where investors are increasingly willing to support rapid expansion and talent retention through secondary share sales and aggressive hiring practices.

By emphasizing research and development, expanding its market reach, and incentivizing employees, Databricks aims to strengthen its competitive position in the industry. However, the long-term effects of these initiatives on profitability, innovation, and market influence remain to be seen.

According to The American Bazaar, this latest funding milestone marks a significant achievement for Databricks as it continues to lead in the rapidly evolving landscape of data and AI technologies.

Tesla Faces 30-Day Suspension in California Under Elon Musk’s Leadership

Elon Musk’s Tesla is facing a potential 30-day suspension of vehicle sales in California due to allegations of misleading marketing regarding its driver-assistance technology.

Elon Musk’s Tesla has encountered regulatory challenges that could impact its operations in California. According to a report from Bloomberg, the California Department of Motor Vehicles (DMV) is considering a 30-day suspension of Tesla’s vehicle sales in the state. This potential penalty stems from accusations that the company has overstated the capabilities of its driver-assistance technologies, specifically its “Autopilot” and “Full Self-Driving” (FSD) software.

The DMV has raised concerns that the terminology used by Tesla may mislead consumers into believing that its vehicles are fully autonomous. In reality, these systems require active driver supervision. In light of these allegations, an administrative law judge has recommended that Tesla’s license to sell vehicles in California be suspended for 30 days as a consequence of its marketing practices.

However, Tesla has received a temporary reprieve from the DMV, which has put the suspension on hold. The company now has a 90-day window to either comply with updated marketing guidelines or appeal the decision. This allows Tesla to continue selling vehicles in California while it addresses the concerns raised by regulators.

The case originated from complaints about Tesla’s advertising practices and the potential for consumer misunderstanding regarding the capabilities of its Autopilot and FSD systems. Given that California is one of Tesla’s largest markets in the United States, even a brief suspension could have significant financial repercussions for the company.

Tesla contends that it clearly communicates the limitations of its driver-assistance systems and argues that its naming conventions reflect partial autonomous functionality rather than a fully self-driving capability.

As of late 2025, Musk has achieved a remarkable personal wealth milestone, with his estimated net worth surpassing $600 billion, making him the richest person in modern history. This substantial increase in wealth is largely attributed to the rising valuations of his key companies, particularly SpaceX. A recent insider tender offer valued SpaceX at approximately $800 billion, contributing around $168 billion to Musk’s fortune. His 42% ownership stake in SpaceX is now the primary component of his wealth.

Additionally, Tesla’s stock performance has played a crucial role in bolstering Musk’s net worth. In November 2025, shareholders approved a record-setting pay package for Musk, potentially worth up to $1 trillion in stock over the next decade, contingent on ambitious performance milestones related to market capitalization and strategic execution. However, the potential suspension could pose a challenge for Musk in justifying this substantial pay package.

Looking ahead, SpaceX is preparing for a potential initial public offering (IPO) in 2026, which could value the company at around $1.5 trillion. Such a move would likely propel Musk closer to becoming a trillionaire and could significantly alter global wealth rankings.

Musk’s financial success highlights the extraordinary influence that individual entrepreneurs can exert on global markets, particularly in the fields of technology and space exploration. The long-term implications of his ventures on industry trends, investor confidence, and regulatory frameworks remain uncertain, especially as governments increasingly scrutinize issues related to autonomous driving, artificial intelligence integration, and commercial space activities.

As this situation unfolds, the outcome of Tesla’s regulatory challenges in California will be closely watched, not only for its immediate impact on the company but also for its broader implications within the automotive and technology sectors.

According to Bloomberg, the developments surrounding Tesla’s marketing practices and regulatory scrutiny will continue to shape the landscape of the automotive industry.

OpenAI Unveils Upgrades to ChatGPT Images for Faster Generation Speed

OpenAI has announced significant upgrades to its ChatGPT Images platform, enhancing generation speed and editing precision, marking a shift toward practical visual creation.

OpenAI has unveiled a major update to its ChatGPT Images platform, enhancing both the speed and precision of its image generation capabilities. The company announced these improvements on Tuesday, emphasizing that the new features will allow users to make more accurate edits and produce images at a significantly faster rate.

According to a blog post from OpenAI, the latest update includes enhanced instruction-following capabilities, highly precise editing tools, and a generation speed that is up to four times faster than previous versions. This transformation is expected to make image creation and iteration more user-friendly and efficient.

“This marks a shift from novelty image generation to practical, high-fidelity visual creation,” the company stated. “ChatGPT is evolving into a fast, flexible creative studio suitable for everyday edits, expressive transformations, and real-world applications.”

The announcement comes on the heels of OpenAI CEO Sam Altman’s recent “code red” memo, which highlighted the need for improvements in the overall quality of ChatGPT. In this internal document, Altman expressed the company’s commitment to enhancing the chatbot’s capabilities, including its ability to answer a broader range of questions and improving its speed, reliability, and personalization features for users, as reported by The Wall Street Journal.

Altman’s memo also indicated that OpenAI would be prioritizing its efforts to improve ChatGPT at the expense of other initiatives, such as a personal assistant project named Pulse, as well as advertising and AI agents for health and shopping. He noted that the company would implement daily meetings among team members responsible for enhancing ChatGPT.

“Our focus now is to keep making ChatGPT more capable, continue growing, and expand access around the world—while making it feel even more intuitive and personal,” said Nick Turley, head of ChatGPT, in a post on X.

Despite these advancements, OpenAI is currently operating at a loss and faces pressure to secure funding to remain competitive. This situation contrasts with competitors like Google, which can leverage revenue from other ventures to support their AI investments, as highlighted in the Journal’s report.

As the AI landscape continues to evolve, OpenAI’s latest updates to ChatGPT Images reflect its commitment to staying at the forefront of technology while addressing the challenges posed by increasing competition in the industry.

For more details on this development, refer to The Wall Street Journal.

Every State’s Contribution to U.S. GDP Highlights Economic Disparities

The U.S. economy has surpassed $30 trillion in GDP, but new data reveals that economic power is concentrated in just a few states, highlighting significant disparities across the nation.

The United States has reached a historic milestone, with its total Gross Domestic Product (GDP) surpassing $30 trillion. However, recent visual data underscores a striking reality: this immense economic output is concentrated in a limited number of states. An infographic mapping each state’s share of U.S. GDP illustrates the uneven distribution of economic power across the country.

Leading the chart is California, which alone accounts for 14.5% of the national GDP, translating to over $4 trillion in economic output. If California were an independent nation, its economy would rank among the top five globally, competing with major world powers. The state’s economic dominance is anchored by its robust real estate, finance, technology, and entertainment sectors.

Following closely is Texas, contributing 9.4% of the U.S. GDP. Texas’s economy is fueled by a diverse mix of energy production, technology hubs, manufacturing, and business services, allowing it to steadily expand its national footprint. New York, at 7.9%, continues to be a financial powerhouse, while Florida, generating 5.8%, rounds out the top four with its strong population growth, tourism, and real estate activity.

Together, California, Texas, New York, and Florida account for more than 37% of the total U.S. GDP, highlighting how a small group of populous and economically diverse states drives over one-third of the nation’s economic engine.

“Population size and industry diversity continue to be the strongest predictors of state-level economic output,” noted a U.S.-based economist. This observation points to how migration trends and sectoral specialization have exacerbated economic disparities over time.

Beyond the top tier, states such as Illinois (3.9%), Pennsylvania (3.5%), Ohio (3.1%), Georgia (3.0%), Washington (3.0%), and New Jersey (2.9%) form a solid middle class of contributors. These states benefit from balanced economies that encompass manufacturing, logistics, healthcare, and technology.

However, the data also reveals a long tail of states contributing less significantly to the national GDP. The median U.S. state contributes between 1% and 2% of the national GDP, while 22 states account for less than 1% each. States like Vermont, Wyoming, and Alaska, despite their strategic or natural-resource importance, remain marginal contributors in terms of GDP.

This imbalance highlights a structural reality of the U.S. economy: scale matters. Larger populations, dense urban centers, and diversified industries consistently translate into higher economic output.

The GDP map arrives amid growing concerns about economic momentum at the state level. In the first 11 months of 2025, U.S. employers announced over 1.1 million job cuts, marking one of the highest tallies since records began in 1993.

According to Mark Zandi, chief economist at Moody’s Analytics, 23 states are already experiencing recession-like conditions, based on indicators such as employment, income growth, industrial output, and retail sales. Another 12 states, including major economies like California and New York, are described as “treading water,” indicating they could slip into recession if conditions worsen.

Despite these pressures, the national economy has shown resilience, growing by 3.8% in the second quarter of 2025, a sharp rebound from a 0.6% contraction in the first quarter.

“State-level data shows stress beneath the surface, even when headline national numbers appear strong,” Zandi cautioned in recent assessments.

This state-by-state GDP visualization does more than rank economies; it tells a broader story about migration, policy choices, industrial evolution, and regional inequality. As the U.S. navigates slower growth, workforce shifts, and rising fiscal pressures, understanding where economic power is concentrated will be critical for policymakers, investors, and businesses alike.

The map makes one thing clear: America’s economic future will continue to be shaped disproportionately by a small number of states, even as challenges ripple across the broader landscape, according to Global Net News.

Elon Musk’s Net Worth Surges to $600 Billion Amid Market Gains

Elon Musk’s net worth has surged to approximately $600 billion, driven by a recent valuation increase of SpaceX, which is now valued at $800 billion.

The world’s richest man, Elon Musk, has seen his fortune increase significantly, with recent estimates placing his net worth at around $600 billion. This remarkable rise is largely attributed to a tender offer launched by his aerospace company, SpaceX, which has been valued at $800 billion, a substantial increase from $400 billion just a few months prior.

According to two of SpaceX’s investors speaking to Forbes, Musk’s ownership stake of approximately 42% in the company has contributed an estimated $168 billion to his wealth, bringing his total net worth to approximately $677 billion as of noon Eastern time on a recent Monday.

Musk’s wealth is primarily derived from his stakes in high-value companies, particularly SpaceX and Tesla. The valuations of these companies fluctuate significantly, but they remain extraordinarily high. It is important to note that Musk’s fortune is largely tied to these equity holdings rather than liquid cash, meaning that most of his wealth is tied up in company valuations rather than readily accessible assets.

The tender offer from SpaceX comes as the company is eyeing an initial public offering (IPO) in 2026, which could potentially value the firm at around $1.5 trillion, according to one of its investors.

SpaceX is Musk’s most valuable asset, accounting for the majority of his net worth. The private aerospace company operates several high-profile projects, including the Starship rocket program and the Starlink satellite internet network, in addition to securing numerous government and commercial launch contracts. Tesla, where Musk owns approximately 12% of the stock, also significantly contributes to his wealth, adding hundreds of billions to his fortune.

In addition to SpaceX and Tesla, Musk has investments in several other ventures, including xAI, X Corp (formerly known as Twitter), Neuralink, and The Boring Company. While these companies are smaller in scale, they play strategically important roles in his overall business portfolio. Musk reportedly maintains minimal real estate holdings and keeps relatively small liquid cash reserves compared to his equity stakes.

Even if the upcoming IPO does not meet expectations, Musk has the potential to become a trillionaire, thanks to a lucrative $1 trillion pay package approved in November 2025. This package is contingent upon achieving ambitious milestones, including cumulative vehicle deliveries, the deployment of Tesla robotaxis and humanoid robots, and substantial profit targets.

Many observers have noted that such a historic pay plan raises questions about the balance between incentivizing executives and protecting shareholder value. If all tranches of the pay package vest, it could lead to significant dilution for existing shareholders.

Musk’s recent wealth surge underscores the capacity of high-impact technology ventures to create fortunes of unprecedented scale. His status as the world’s richest individual in 2025 highlights the outsized influence of entrepreneurs who combine innovation, risk-taking, and strategic ownership. The future trajectory of his wealth will depend on various factors, including company performance, market conditions, and the outcomes of potential IPOs, making long-term predictions inherently uncertain.

The gap between Musk and other top billionaires remains striking. His closest competitors include Larry Page, with an estimated net worth of around $266 billion, Jeff Bezos at approximately $249 billion, Sergey Brin at about $247 billion, and Larry Ellison at roughly $243 billion—all trailing Musk by hundreds of billions.

Beyond individual fortunes, Musk’s wealth raises broader questions about the concentration of capital in transformative technology industries. The implications for market influence, shareholder dynamics, and wealth distribution are still speculative, as shifts in technology, regulation, or corporate strategy could dramatically alter outcomes. Musk’s example illustrates the growing impact of a single individual on global economic and technological landscapes.

As the tech industry continues to evolve, the dynamics surrounding Musk’s wealth and influence will likely remain a focal point of discussion among economists, investors, and policymakers alike.

According to Forbes, the implications of Musk’s financial ascent extend beyond personal wealth, prompting a broader examination of wealth concentration in the tech sector.

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