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TRENDING: San Francisco's AI boom has put the city in a "hot girl bubble" with cash-rich AI startups hiring attractive women to sell and charm clients and customers on otherwise boring products This follows reports of numerous women in tech and finance pivoting to lucrative escort work to tap into demand of rich AI entrepreneurs, with rates easily topping $6,000 per hour
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NEWS: Getty Images filed for Chapter 11 bankruptcy with plans in place to go private
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"I think Paris should be a real wake up call to every single young American. France is the dream the left talks about: the liberal safety-net rich Socialist Europe. That dream is the nightmare I left from Chicago. A society that comes down to how much you can take from others, that's not a society that we want to create" -Ken Griffin, on the lessons young Americans must learn from the recent chaos in France
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Exec Sum retweeted
JUST IN: Berkshire Hathaway now has $365 billion in cash, enough to buy 472 of the 500 companies in the S&P 500.
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NEWS: Liquidators to collapsed property giant China Evergrande are trying to recoup part of a donation made to Harvard
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BREAKING: Barclays will cut 5,000 jobs, about 5% of its workforce, as the bank steps up AI adoption
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BREAKING: Bank of America named ex-Dow CEO Jim Fitterling and ex-KPMG CEO ​Bill Thomas to the board of directors
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NEWS: Blackstone president Jon Gray says investors don't need to fear that the boom in AI will turn into a bubble
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BREAKING: Retail traders loaded up on chip stocks days before the selloff
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Our daily newsletter summarizes the most important in markets, deal flow, fundraising and everything in between, all with a with a touch of memes Get it in your inbox here: execsum.co
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JUST IN: Data center short sellers are sitting on more than $6 billion of paper profits
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REPORT: PE firms are increasingly replacing CEOs at portfolio companies as they hold on to investments longer
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JUST IN: Berkshire Hathaway now has $365 billion in cash, enough to buy 472 of the 500 companies in the S&P 500.
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BREAKING: Anduril co-founder Palmer Luckey reveals his genetically modified military dog startup, Warhound, has raised $200M to create enhanced canines for military and law enforcement.
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Replying to @envato @_MonoDesk
We need this for our creative team ASAP
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Exec Sum retweeted
You know us as your creative asset toolkit. Now meet @_MonoDesk, a whole new app from our team, built to handle the boring bits of creative work. Less time on proposals, chasing approvals and sending invoices. More time on the creative side of your business.
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TREND: Ultra wealthy individuals are increasingly buying $100 million mansions just to tear them down and build even bigger mansions.
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BREAKING: OpenAI is finalizing a $30 billion funding round at a $1.25 trillion valuation led by UAE investors and Coatue.
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Replying to @canva @DesignArena
This was a no-brainer. Time to dominate the game
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BREAKING: Canva is now a frontier AI image model company. It has launched Craft, its first frontier image generation model, built entirely in-house by Canva Research. It is already ranked the second-highest AI lab for image generation after OpenAI. Unlike most models that go straight to pixels, Craft plans composition, layout, and text first, then renders. Available today in Canva, via public API, and Canva MCP.
🤝 Paid partnership
Introducing Canva Craft 🚀 Extraordinary image generation is now available to everyone, powered by our first frontier model built specifically for design. With Craft, Canva is now the world's second most advanced AI lab for image generation on @DesignArena's global leaderboard. See what it can do 👇
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