Why NYC and Silicon Alley will lead the AI boom

It’s been 30 years since the creation of the so-called Silicon Alley — the nickname given Flatiron and Union Square where the original tech scene emerged during the ’90s dot-com boom — and the investors have never been more bullish about NYC’s prospects.  Despite Mayor Zohran Mamdani in City Hall and predictions that remote work would devastate expensive coastal hubs, veteran VCs and newcomers alike tell me that New York is poised to dominate the next 30 years in tech. Much of that is because, New York is better positioned to capitalize on the AI boom than any other city…

Lakers undone by slow start in loss to rival Clippers

INGLEWOOD, Calif. — If Tuesday’s Grammy trip-opening comeback win over the Nuggets was the Lakers showcasing their ability to climb out of a hole, then Thursday’s 112-104 loss to the Clippers at the Intuit Dome showed that sometimes a hole is too big. For most of the game, it looked…

Ex-Goldman banker in 1MDB scandal asks Trump for pardon: report

Tim Leissner, the former Goldman Sachs banker who played a key role in the 1MDB scandal — one of the largest financial crimes in history — is asking President Trump for a pardon as he attempts to skirt a two-year stay in federal prison, according to a report. Leissner filed…

Trump withdraws Canadian PM Mark Carney’s Board of Peace invitation 

President Trump announced Thursday that Canadian Prime Minister Mark Carney’s invitation to join the “Board of Peace” for the war-torn Gaza Strip has been withdrawn.  “Dear Prime Minister Carney,” Trump’s Truth Social post began.  “Please let this Letter serve to represent that the Board of Peace is withdrawing its invitation…

TikTok finalizes deal to form new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years. The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX to form the new TikTok US…

Microsoft 365 down for thousands of users, Downdetector shows

Microsoft’s suite of productivity software was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. There were nearly 3,960 incidents of users reporting issues with Microsoft 365 as of 6:03 p.m. ET, down from over 15,880 reports earlier, according to Downdetector. Downdetector tracks outages by collating status…

Jared Kushner shows off renderings of futuristic Gaza with skyscrapers and suburbs

Jared Kushner unveiled an ambitious vision Thursday for a cosmopolitan Gaza Strip that will attract investment and tourists after years of war — looking much like his father-in-law President Trump’s call for converting the war-torn Mediterranean territory into a “Riviera of the Middle East.” Kushner, 45, showed off renderings of…

Horrific details of ex-Eagles tackle Kevin Johnson, 55, death revealed

Former NFL defensive lineman Kevin Johnson died from “blunt head trauma and stab wounds,” officials announced Thursday. According to the Los Angeles County Medical Examiner, Johnson died Wednesday at a homeless encampment in L.A. The manner of his passing was ruled a homicide, and an investigation into the matter is…

Markets

More
More forecasts: Weather 30 days Sydney