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Business and Politics
- A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax
David Reuben's move to Monaco follows a wave of departures since the U.K. scrapped its non-dom regime—and offers a preview of the fight California voters are deciding with Proposition 40.
- Will AI kill the Asian entertainment industry, or reinvent it?
Studios in China are turning to models from ByteDance and Kling to generate 100-minute short dramas for less than $3000.
- As AI Gets Better At Answers, Human Questions May Matter More
Larry Robertson’s latest book Great Question explores why asking better questions may become more valuable as AI makes answers easier to find.
- $5 meals, $6 combos and fewer visits: McDonald’s barrage of deals isn’t winning customers back
High inflation and poor execution are turning off many of the burger giant's customers.
- Citi shortens its analyst program to two years as Wall Street fights private equity for young talent
“The reality that private equity is interviewing so early in a banker’s career is very unfortunate, and to some extent, disappointing,” one Citi executive said.
Technology
- Drones sink ships near NATO countries in “unacceptable” attacks, EU says
Two cargo ships have sunk, one ship was afire, and sailors are dead or missing.
- OpenAI will watermark ChatGPT outputs by default—but only in the EU
Like other solutions, it is not especially reliable, and it's easy to circumvent.
- HBO Max, Paramount+, and Discovery+ "will unify into a single service”
A combined service could lead to higher prices.
- It looks like the Atlantic storm season may finally produce a hurricane
To date, this Atlantic tropics year has been exceptionally quiet.
- Hackers obtain counterfeit TLS certificates for Google and other large services
Compromise of 3 domain registries allows hackers to walk off with unauthorized certs.
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