GREY Journal Daily News Podcast

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From our Manhattan news studio, welcome to the GREY Journal Daily News Podcast! We bring you digestible news and business insights tailored for ambitious entrepreneurs and CEOs. Hosted on Acast. See acast.com/privacy for more information.

GREY Journal


    • May 2, 2025 LATEST EPISODE
    • daily NEW EPISODES
    • 2m AVG DURATION
    • 648 EPISODES


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    Latest episodes from GREY Journal Daily News Podcast

    The shift towards mega funding rounds is changing the startup landscape

    Play Episode Listen Later May 2, 2025 3:26


    Venture capital investment trends show a significant shift towards large financing rounds for established companies. In the first quarter of 2025, OpenAI secured $40 billion, nearly half of all U.S. startup funding. This trend reflects an inclination to direct larger portions of funding to the top deals, with a steady increase in funding allocated to the ten largest financing rounds annually. The generative AI sector attracts substantial investments, with companies like OpenAI, xAI, and Anthropic leading in funding. Other significant firms include Waymo and Databricks, while the health and life sciences sector sees less prominence, lacking any representation in the top 20 funding rounds over the last two years. Significant equity raises occurred, including a $1 billion round for Xaira, focused on AI-driven drug discovery. Companies outside the generative AI sector, such as Saronic, Nerdio, and NinjaOne, also achieved large funding rounds. Investors exhibit a changing risk-reward perspective, favoring larger investments in established companies over smaller investments in startups with lower success rates. Investing at elevated valuations poses challenges, as seen with OpenAI's valuation of $300 billion, highlighting the potential volatility in market conditions.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Why is AI diverting attention from the real issues in education

    Play Episode Listen Later May 2, 2025 4:45


    The Secretary of Education's reference to AI as "A1" shifted attention away from substantive education discussions. President Trump signed an executive order promoting AI in K-12 schools, directing funding toward AI initiatives through the Department of Education and the National Science Foundation. Despite the potential for AI in education, underfunded schools face mounting challenges that technology alone cannot solve. Investment in teachers and classrooms stands as a critical need, as current conditions include outdated resources, overworked staff, and basic necessities being unaddressed. AI implementation risks increasing inequality, benefiting affluent districts while failing to assist underserved areas. Teachers prioritize manageable class sizes, adequate pay, and mental health resources, emphasizing the importance of public investment over technological solutions. The alignment of funding with the actual needs of schools is essential to address the ongoing educational crisis.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Astronomer secures massive funding to revolutionize data orchestration

    Play Episode Listen Later May 1, 2025 1:34


    Astronomer, a developer of the data orchestration platform Astro, secured $93 million in a Series D funding round led by Bain Capital Ventures. The funding involved contributions from Salesforce Ventures and existing investors like Insight Partners, Meritech, and Venrock. The New York-based startup's Astro platform faces increased demand as automation and processing of data workflows become essential for AI applications. Astronomer reported a year-on-year revenue growth of 150% and aims for profitability within two years. Since its founding in 2018, Astronomer has raised nearly $376 million in total funding. This funding round reflects a trend of significant investments in the AI sector, with AI leading venture funding in Q1 2025, receiving $59.6 billion, representing 53% of global funding.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    OpenAI's new acquisition could change the AI landscape forever

    Play Episode Listen Later May 1, 2025 2:40


    Last year, major companies like Mastercard, Nvidia, and AMD acquired venture-backed AI startups. OpenAI plans to acquire the AI-assisted coding tool Windsurf for about $3 billion, which would be its largest acquisition. OpenAI also secured a $40 billion investment in March and previously considered acquiring Anysphere, which sought a valuation of nearly $10 billion. Anthropic invested in Goodfire's $50 million Series A funding, marking its first direct startup investment after raising $4.5 billion this year. xAI acquired the social media platform X for $33 billion and is in talks to raise $20 billion. Palo Alto Networks plans to acquire Protect AI, focusing on AI application security. These transactions indicate continued activity in the AI acquisition market by both public and private entities.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    What is fueling the return of SPACs in today's market

    Play Episode Listen Later Apr 30, 2025 3:56


    The market shows a resurgence in SPAC activity, signaling a shift in dynamics. Many startups previously merged with SPACs during the last bull market, with mixed results across sectors such as scooters and genetic testing. Recent weeks have seen new SPACs forming partnerships with firms in cryptocurrency, autonomous vehicles, and nuclear energy. Notable deals include Kodiak Robotics, valued at $2.5 billion, Veraxa Biotech at $1.3 billion, and Twenty One Capital at $3.6 billion. Additionally, Terra Innovatum and Terrestrial Energy announced deals valued at $475 million and $925 million, respectively. Investor sentiment remains cautious due to prior losses, with experts predicting a more disciplined approach to SPAC transactions. The current market features experienced sponsors, while the tech IPO landscape remains inactive, limiting opportunities for public investors. The deal environment is volatile, impacted by tariff uncertainties, and high-valuation companies are delaying public listings. The SPAC route offers quicker access to the market, reducing the risks of evolving conditions. However, companies face a challenging investment atmosphere influenced by share price volatility. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Discover the hidden opportunities of embedded finance for startups

    Play Episode Listen Later Apr 30, 2025 3:13


    Embedded finance responds to consumer demands for speed and simplicity, transforming everyday platforms into financial ecosystems. Startups reshape business models and create new revenue streams through this approach. Convenience drives adoption, allowing consumers to manage transactions within preferred applications, shifting the transaction benchmark to a simple screen tap. Revenue from embedded finance platforms projects to increase from $21 billion in 2021 to $51 billion by 2026, with transaction volume reaching $7 trillion, representing 10% of U.S. financial transactions. Technological advancements like Open APIs facilitate efficient integration, lowering costs and complexity for startups. Embedded finance enables companies to monetize transactions, enhancing customer loyalty through financial services like payments and loans. Traditional banks face challenges with legacy systems that hinder modernization and competitiveness against agile fintech companies. While some banks invest in Open API technology, others struggle due to outdated leadership and regulations. Customers now expect integrated platforms with various financial services seamlessly delivered in a user-friendly environment. Partnerships with technology providers can aid banks, but achieving a seamless user experience remains essential for competitive advantage. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Apex's bold move with major investment in space technology

    Play Episode Listen Later Apr 29, 2025 2:00


    Apex, a space manufacturing company, secured $200 million in a Series C funding round on April 29, 2025. This round, led by 8VC and Point72 Ventures, follows a previous $95 million raised in Series B funding. Apex focuses on mass-producing spacecraft buses to meet the demands of clients, including the U.S. Department of Defense. The funding will enhance production capabilities and expand inventory for both government and private sector clients. Meanwhile, the first quarter saw $1.7 billion invested in VC-backed space startups, a slower progression compared to the total $12.5 billion invested in the previous year. Other notable funding rounds this year include Stoke Space at $260 million and Epirus at $250 million.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    What do rising startup acquisitions indicate about the market

    Play Episode Listen Later Apr 29, 2025 3:32


    IPOs remain stalled, prompting an increase in mergers and acquisitions (M&A) of venture-backed startups. In Q1 2025, startup M&A dollar volume reached $71 billion, with 550 deals, representing a 26% year-over-year increase. The notable acquisition of cybersecurity firm Wiz by Google is valued at $32 billion. Twelve acquisitions surpassed $1 billion, with AI-related startups involved in 81 deals, marking a 33% increase. Private equity firms spent over $56 billion in 2024 on venture-backed acquisitions and continued with 22 deals in Q1 2025. At least 423 U.S. venture-backed companies acquired peer firms, with Stripe's acquisition of Bridge for $1.1 billion being the largest. The outlook for M&A activity in 2025 depends on macroeconomic conditions, as experts anticipate a potential rebound but express caution toward market stability.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Private equity firms are still making big moves in the acquisition game

    Play Episode Listen Later Apr 28, 2025 3:56


    Startups increasingly depend on mergers and acquisitions for exits due to a sluggish IPO market. Private equity firms have invested over $56 billion in acquiring private, venture-backed companies in the past five years. In 2023, private equity firms announced 22 acquisitions of seed- or venture-funded private companies, with three deals revealing a total of $8.3 billion. Notable recent transactions include ModMed's $5.3 billion sale to Clearlake Capital Group and HealthEdge's $2.6 billion acquisition by Bain Capital. Private equity firms prefer to buy established companies with substantial revenue, often resulting in acquisitions of mature startups. Seed-stage companies are less likely to attract private equity interest, as they face more favorable exit opportunities from strategic industry buyers. Although public PE firm valuations have declined, significant numbers of later-stage companies, with 789 private, venture-backed firms in the U.S. valued over $1 billion, present opportunities for acquisitions. Many of these firms have seen reduced valuations since their market peak four years ago, making them attractive for private equity acquisitions.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    The unseen force fueling startup growth

    Play Episode Listen Later Apr 28, 2025 4:14


    The Founder's Office is an emerging strategic function in startups, connecting founders with their organizations to facilitate growth. This team helps founders delegate tasks effectively, manage high-impact initiatives, and maintain focus on vision and culture. It creates infrastructure that supports scaling by implementing systems and processes to address bottlenecks. The diverse team in the Founder's Office develops future leaders by providing exposure to various business areas, aligning them with the company's mission. Furthermore, it enhances visibility and accountability within the organization by tracking metrics and monitoring progress. The presence of a dedicated Founder's Office proves essential for startups aiming for rapid growth, ensuring execution aligns with the founder's vision.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    What are the hidden risks of startup layoffs that you may not know

    Play Episode Listen Later Apr 24, 2025 4:22


    Startups must navigate staffing adjustments carefully to avoid legal and reputational issues during layoffs. Compliance with federal and state WARN Acts is essential for mass layoffs, while smaller reductions also require thoughtful planning to prevent claims of discrimination or wrongful termination. Clear processes for documenting and justifying terminations can minimize legal repercussions. Founders should create clear equity agreements, outlining vesting schedules and termination clauses to prevent disputes. Compliance with compensation laws is critical, especially in classifying employees correctly to avoid penalties. Startups should craft enforceable noncompete and nonsolicitation agreements, keeping in mind state restrictions. Prompt responses to workplace misconduct allegations through internal investigations help mitigate risks and protect company interests. Clear ownership structures and proactive dispute resolution methods can reduce conflicts among founders. Early investment in legal counsel can guide startups in navigating complex employment practices, ultimately supporting compliance and sustainable growth. Prioritizing compliant practices positions startups for long-term success in a competitive environment.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Chainguard's rapid rise to a multi-billion dollar valuation raises questions about software security

    Play Episode Listen Later Apr 23, 2025 2:21


    Chainguard, a software supply chain security startup, secured $356 million in a Series D funding round, achieving a valuation of $3.5 billion. The funding was co-led by Kleiner Perkins and IVP, with new investors including Salesforce Ventures and Datadog Ventures. The valuation reflects a threefold increase from the previous valuation of $1.12 billion after a $140 million Series C round. Chainguard focuses on secure software development tools, particularly for open-source software, and reported an annual recurring revenue of $40 million, aiming to exceed $100 million by fiscal year 2026. The company has raised a total of $612 million since its founding in 2021. Cybersecurity investment remains strong, with Exaforce recently raising $75 million in a Series A round and total funding for VC-backed cybersecurity startups surpassing $2.7 billion in Q1 2024, a 29% increase from the previous quarter.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Can Canada Thrive Amidst Rising Trade Tensions

    Play Episode Listen Later Apr 23, 2025 3:36


    Canada-U.S. relations currently experience challenges due to trade tensions. U.S. trade policies affect both economies and create friction. New tariffs raise anticipation about their impact on venture capital investment in Canadian startups. In 2024, Canadian startups raised $6.9 billion in venture capital, a 17% increase from the previous year. Despite funding increases, deal volume declined, with fewer than 700 deals completed in the last year. Major funding rounds in the artificial intelligence sector have driven totals higher, including notable amounts raised by Clio, Tenstorrent, and Cohere. The first quarter of 2024 saw Canadian startups raise $1.6 billion in 128 deals, lower than the previous quarter but higher than the same quarter last year. The effects of new U.S. tariffs on venture activity remain unclear, with potential impacts on hardware and software sectors. Overall, the Canadian venture landscape requires observation as market conditions evolve.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    What is driving the surge in funding for chat automation companies

    Play Episode Listen Later Apr 22, 2025 2:03


    Investors focus on AI and chatbots. Manychat raised $140 million in a growth capital round led by Summit Partners. The company, based in Palo Alto, California, provides conversational AI and automation tools for businesses on social and messaging platforms. Manychat aims to help businesses grow by forming connections with customers and simplifying technologies. The funding will enhance innovation in AI and automation, increasing value for businesses and creators. Manychat sends billions of messages annually on platforms like Instagram and TikTok and serves over one million businesses. The company plans to use the funding for global expansion, research and development, marketing, customer service, and developing AI agent features. AI investment continues to rise, with $59.6 billion in venture funding in the last quarter. Exaforce secured $75 million in Series A funding, focusing on integrating AI agents into security operations.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Discover how AI is reshaping the future of fintech

    Play Episode Listen Later Apr 22, 2025 4:31


    The fintech sector undergoes restructuring driven by artificial intelligence, leading to signs of resurgence amidst challenges for early-stage founders. Established companies dominate consumer and business banking, prompting new entrants to target niche markets. Consumers utilize multiple fintech applications, increasing competition for market share. Startups adopt a vertical-first approach by integrating AI and owning their infrastructure to access better data and decision-making capabilities. Investment focuses on areas such as cross-border payments, specialized SaaS platforms, and wealthtech, aiming for automation of processes and embedded finance monetization by 2025. AI becomes essential, enabling companies to control technology, enhance customer experience, and reduce operational costs. Organizations like Chime exemplify success through proprietary infrastructure, improving data management and personalization. Ownership of technology remains key, yet effective partnerships can support early-stage businesses in data and user control. Future fintech leaders will prioritize AI integration, strategic distribution, and customer engagement to drive significant industry transformation. The emphasis will shift from merely facilitating transactions to addressing real needs and building trust through technological advancements.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    The secret shift transforming cloud computing for businesses

    Play Episode Listen Later Apr 21, 2025 3:46


    A revolution in the tech industry is shifting business approaches to cloud services. Organizations experience limitations from traditional cloud providers, including high egress fees and restricted options. Growing demand for open cloud solutions enables businesses to select storage, computing, and AI services from various providers without incurring excessive costs. Many companies transition to specialized alternatives that present cost savings and compatibility with existing systems, enhancing budget control and innovation. The cloud sector evolves from Cloud 1.0, marked by vendor lock-in, to Cloud 2.0, characterized by interoperability and diverse services. Egress fees act as barriers for data movement, increasing expenses and limiting flexibility. Major cloud providers face criticism for vendor lock-in tactics, and although some propose eliminating egress fees, they often maintain restrictions. This situation emphasizes the necessity for open cloud solutions that facilitate efficient data management across platforms. Open cloud allows organizations to move data freely, access the latest technologies, and optimize resources without the burden of high transfer costs, fostering innovation. Market demand for open cloud solutions rises, with many technology decision-makers preferring best-of-breed providers over traditional options. The anticipated shift toward open cloud solutions aims to create a more efficient, barrier-free environment that supports enterprise growth.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    China's surprising response to US sanctions on Hong Kong officials

    Play Episode Listen Later Apr 21, 2025 2:30


    China plans to impose sanctions on U.S. officials, lawmakers, and NGO leaders in response to U.S. sanctions against six Chinese and Hong Kong officials. The U.S. sanctioned these individuals due to their roles in actions undermining Hong Kong's autonomy. Details on the U.S. officials targeted by China's sanctions remain unspecified. China's foreign ministry condemned the U.S. actions, claiming interference in Hong Kong matters and violations of international law. This cycle of sanctions reflects rising tensions between China and the U.S. amid ongoing trade disputes. Beijing has warned other countries against unfavorable trade agreements. Since the implementation of the national security law in 2020, numerous Hong Kong activists have faced prosecution, and authorities have issued arrest warrants for activists abroad. The Chinese government asserts that the security law is necessary for regional stability.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Why are energy startups missing out on funding despite rising power demand

    Play Episode Listen Later Apr 18, 2025 2:56


    Energy consumption increases globally, with global power demand rising by 2.2% last year, surpassing the average annual increase for the past decade. Predictions indicate that this trend will continue due to the scaling of AI platforms, rising demand in emerging economies, and increased use of air conditioning. Despite this growing demand, global investment in energy startups reached its lowest level in four years in 2024, starting off slow in the first quarter. However, notable investment activity occurred in April, including a $258 million Series F round for Mainspring Energy and a $500 million investment for Silicon Ranch's solar projects. Base Power secured $200 million for battery backup solutions. Investment in energy efficiency and infrastructure increased, exemplified by The Stargate Project, which plans to invest $500 billion in AI infrastructure over four years, with $100 billion designated for immediate initiatives. The energy startup sector shows potential for a rebound, as historical trends indicate capacity for large investments, particularly in fusion technology.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is the Dollar Losing Its Trustworthiness Under Trump

    Play Episode Listen Later Apr 18, 2025 2:36


    Rising tariffs correlate with a decline in the U.S. dollar, indicating potential loss of confidence in the U.S. economy. The dollar decreased by 9% against other currencies since mid-January, reaching its lowest point in three years. This shift suggests investor distrust as tariffs alter global trade dynamics. Historically, decreased demand for foreign goods due to tariffs would strengthen the dollar, but the current weakening poses risks for U.S. economic growth and living standards. Increased import costs from countries like France and South Korea may affect consumers. The ballooning federal debt at 120% of GDP could lead to higher interest rates, as global considerations for alternatives to the dollar gain traction. Discussions around cryptocurrencies and yuan-denominated trade agreements further highlight concerns about the dollar's future as a reserve currency. Furthermore, fluctuating international perceptions of U.S. trade policy, particularly under President Trump's tariffs, introduce uncertainty that may impact economic credibility.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Discover the Surprising Cities Where Renting is Most Affordable

    Play Episode Listen Later Apr 18, 2025 2:10


    Rent costs have increased significantly over the past decade, affecting the accessibility of various cities. A recent WalletHub report analyzed rental affordability across 182 U.S. cities, comparing median annual gross rent to median household income. Bismarck, North Dakota, ranks as the most affordable city, with rents at approximately 15.3% of median income. The average salary in Bismarck is $69,989, while average rent is about $1,023 monthly. Sioux Falls, South Dakota, and Cheyenne, Wyoming, follow in affordability, with residents spending around 16% of their income on rent. Cedar Rapids, Iowa, and Fargo, North Dakota, complete the top five. In contrast, Glendale, California, ranks as the least affordable city, with Miami, Florida, at the bottom, where renters spend about 33.48% of their income on rent. This assessment suggests that lower rent costs in affordable areas enable residents to allocate more funds toward savings or emergencies.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Google's Antitrust Bang or Whimper

    Play Episode Listen Later Apr 17, 2025 1:04


    Google has faced a ruling in a partial antitrust case regarding its online advertising practices. A judge found that Google engaged in monopolistic behavior in specific markets, supporting claims that its dominance harmed competitors and limited consumer choices. This ruling may lead to new limitations on Google's advertising practices and require changes to promote fair competition. This case highlights the ongoing scrutiny of big tech's influence across industries.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is Japan's trade surplus with the US a sign of bigger economic changes?

    Play Episode Listen Later Apr 17, 2025 2:46


    Japan reports a trade deficit of 5.2 trillion yen, approximately 37 billion dollars, for the fiscal year ending in March while achieving a trade surplus of 9 trillion yen, around 63 billion dollars, with the United States. This surplus prompts discussions between U.S. President Donald Trump and Japanese officials amid proposed higher U.S. tariffs. Japan currently faces a 10% baseline tariff and a 25% tariff on car imports, alongside tariffs on steel and aluminum. Analysts indicate that Japan may explore compromises, including increasing imports of American rice to address supply shortages. Over the past year, Japan's exports grew by 5.9%, driven by strong computer chip and vehicle sales, while imports rose by 4.7%. The weaker yen impacts the cost of imported goods. In March, Japan's trade surplus reached 544 billion yen, roughly 4 billion dollars. Exports to the U.S. increased by 3%, and shipments to Asia rose by 5.5%, while exports to China declined due to tariff avoidance strategies with the U.S.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Are shoppers bracing for a purchasing pause amid rising tariffs

    Play Episode Listen Later Apr 16, 2025 1:42


    U.S. retail sales increased by 1.4% in March, following a 0.2% rise in February. The growth resulted from strong demand for major items, especially cars and electronics, as consumers expedited purchases before new tariffs were implemented. January sales fell by 1.2% due to adverse weather conditions. Excluding auto sales, the increase was only 0.5%. Auto sales rose by 5.3%, electronics by 0.8%, and sporting goods by 2.4%. Analysts warn that the introduction of tariffs may reduce future sales as businesses face higher costs. Many retailers are pausing shipments from China and canceling existing orders amid uncertainty about tariff effects. Consumer confidence shows signs of decline. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Are lawyers and recruiters at risk of losing their jobs to AI

    Play Episode Listen Later Apr 16, 2025 2:40


    AI is expected to impact specific professions significantly. A tech investor highlights that lawyers and recruiters face the highest risk as AI evolves. Within three years, AI may take on tasks currently managed by recent law school graduates, and it will increasingly conduct candidate interviews with minimal limitations. The legal field is already integrating AI tools for tasks like research and document review, with startups like Libra leading these advancements. The American Bar Association recognizes various AI tools as valuable for legal work, while studies show AI can improve legal analyses by up to 28%. In recruitment, 99% of Fortune 500 companies use AI for initial applicant screenings, and over 40% of firms conduct interviews with AI. Startups focused on AI in recruiting are receiving significant funding, with companies like OptimHire, ConverzAI, and Mercor making strides in streamlining hiring processes. Despite potential job losses, new business opportunities are expected to arise, and tech investors seek to support innovative startups in this shifting landscape.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Will AI replace software engineers as we know them?

    Play Episode Listen Later Apr 15, 2025 2:32


    OpenAI develops an AI agent, named A-SWE, designed to automate software engineering tasks. This AI will handle the entire workload of software engineers, including app creation, quality assurance, bug checking, and documentation. A-SWE is the third tool from OpenAI, following Operator and Deep Research. Other companies, like Cognition AI, also explore AI in software engineering, though some face challenges in performance. Experts express concerns about AI's potential to replace human engineers, with figures like Dario Amodei and Mark Zuckerberg highlighting the rapid advancements in AI's coding capabilities. Sam Altman notes that the necessary skills in tech are changing, placing emphasis on AI tool proficiency. OpenAI's recent funding rounds raise its valuation significantly.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Why is it harder than ever to reach the IRS this tax season

    Play Episode Listen Later Apr 15, 2025 1:49


    Taxpayers face challenges in reaching the IRS during the 2025 filing season, experiencing longer wait times. Experts predict worsening difficulties next year due to expected staffing cuts. The IRS maintains that current processing times for tax returns align with the previous year, despite layoffs impacting thousands of employees. This year, staff involved in the tax season could not accept buyout offers before the deadline. Increased workloads have overwhelmed IRS employees, resulting in significant delays for taxpayer assistance. Recent layoffs, potentially affecting 20,000 workers or 25% of the workforce, contribute to these issues. While there is a slight decline in tax return processing, the number of issued refunds has increased. Tax compliance experts express concern regarding the IRS's capacity to handle future tax seasons amid ongoing workforce reductions.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Jack Dorsey and Elon Musk Unite Against Intellectual Property Law

    Play Episode Listen Later Apr 15, 2025 2:16


    Jack Dorsey and Elon Musk advocate for the removal of intellectual property laws due to rising AI technologies. Dorsey claims these laws hinder creativity, while Musk supports this view. Critics, including lawyer Nicole Shanahan, argue that such laws protect human-created works from AI-generated content. Copyright holders continue to defend their rights, leading to lawsuits against AI companies like OpenAI, Google, and Meta for using copyrighted materials without proper compensation. The legal context is shifting, highlighted by a Delaware federal court's ruling against Ross Intelligence, which prohibited the use of Thomson Reuters content for AI training, indicating that fair use does not apply in certain commercial cases. Discussions on these legal nuances are ongoing as developments continue in courts.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is the Trump administration's tariff strategy a risk or a remedy?

    Play Episode Listen Later Apr 14, 2025 3:04


    On April 14, 2025, Trump administration officials engaged with media to address economic policies in light of market fluctuations. The administration announced a re-evaluation of some tariffs while insisting that certain products, notably those linked to the fentanyl trade, will retain existing tariffs under new categorizations. Trump reaffirmed the implementation of a universal 10% tariff for most nations, with a significantly higher rate for China. Commerce Secretary Howard Lutnick cited national security as a reason for strengthening domestic production in sectors like medicine and shipbuilding. White House trade adviser Peter Navarro emphasized tariffs as a negotiation tool, linking them to claims of unfair trade practices by foreign nations. The administration seeks to initiate negotiations with over 50 countries, aiming for agreements within 90 days, though talks with China have not started. Trump expressed a determination to prevent exploitation by foreign nations and encouraged companies to return operations to the U.S. Despite market challenges, Navarro urged smaller investors to remain calm, acknowledging complexities in restoring domestic manufacturing and potential cost increases. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    The surprising moves of top startup investors in the first quarter

    Play Episode Listen Later Apr 14, 2025 2:46


    Investors moved capital in the startup ecosystem during Q1 2025, reflecting higher spending rates. Global startup investment reached notable highs, primarily driven by enthusiasm for AI technologies. Venture investors increased deal flow compared to the previous year. Y Combinator emerged as the top-ranked post-seed investor, focusing on follow-on rounds for its accelerator participants and investing in major companies. Competition among venture capitalists heightened, with several investments over $500 million, indicating strong interest in high-value opportunities. SoftBank led this activity with a historic $40 billion investment in OpenAI, the largest venture investment recorded. Lightspeed participated in nine post-seed deals, with Andreessen Horowitz, Sequoia Capital, and Accel also leading multiple rounds. Seed funding showed signs of contraction, yet Y Combinator remained active with over 200 reported seed and pre-seed rounds. As Q2 approaches, investment strategies will likely adapt in response to public market volatility and IPO challenges.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Google's Latest Layoffs Raise Questions About Future Strategies

    Play Episode Listen Later Apr 11, 2025 2:14


    Google laid off hundreds of employees in its platforms and devices division, which includes the Chrome browser and Pixel phones, as part of its strategy to enhance operational efficiency. In January, Google offered voluntary buyouts or severance packages to employees as a precursor to these layoffs. The recent job reductions followed the merger of the Platforms and Devices teams, which aimed to improve agility and effectiveness. As of January, this combined group had over 20,000 employees. A petition from over 1,400 employees prompted the buyout option ahead of layoffs. In January 2023, Google had already reduced its workforce by 12,000 roles, about 6% of its total staff. By December 2024, Google employed roughly 183,000 full-time employees worldwide. Google's actions reflect a broader trend in the tech industry, where companies like Meta also reduced their workforces due to performance concerns.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    China takes drastic action against US trade policies

    Play Episode Listen Later Apr 11, 2025 2:33


    China increased tariffs on U.S. goods from 84% to 125% as part of a trade dispute with the United States, raising total tariffs on Chinese imports to 145%. These changes will take effect on Saturday. China described U.S. actions as economic bullying and indicated plans for countermeasures, including filing a case with the World Trade Organization. The tariffs will impact key U.S. exports such as soybeans, aircraft parts, and pharmaceuticals. Recent actions also include suspending imports of sorghum and poultry from specific U.S. companies and tightening controls on rare earth minerals. Major U.S. imports from China include electronics, industrial equipment, and toys, with consumers anticipating price increases. The U.S. administration aims to promote the return of manufacturing jobs but acknowledges the challenge in achieving this goal.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is the decline in inflation just a temporary pause in price growth?

    Play Episode Listen Later Apr 10, 2025 3:12


    U.S. inflation declined to 2.4% in March, down from 2.8% in February and the lowest rate since September. Core inflation, excluding food and energy, rose by 2.8%, down from 3.1%. President Trump introduced tariffs on nearly 60 countries, impacting business and consumer confidence, but paused the tariffs for 90 days while maintaining a 125% tariff on Chinese imports and 25% duties on steel and aluminum. Economists expect consumer prices to increase by 2.6% in March, indicating a potential trend toward lower inflation, despite remaining above the Federal Reserve's 2% target. Tariffs continue to shape price adjustments, particularly for categories like mobile phones, as the shift in production from China affects long-term consumer costs. Federal Reserve Chair Jerome Powell stated interest rates would likely remain around 4.3%.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    What makes BYD's Denza a game changer in the European EV market

    Play Episode Listen Later Apr 10, 2025 2:20


    BYD's Denza enters the European electric vehicle market. The vehicle features a sleek design and advanced technology. Denza offers long-range capabilities, competitive pricing, and fast charging options. The company aims to expand its presence in Europe. Industry experts highlight Denza's potential to attract consumers with its performance and affordability. The model signifies a shift in the competitive landscape of electric vehicles in Europe.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Why are investors feeling the heat amid Trump's tariff chaos

    Play Episode Listen Later Apr 9, 2025 3:07


    Debates exist around AI's influence on software engineering, with varied viewpoints from tech leaders. Okta's CEO, Todd McKinnon, challenges the idea that AI will replace software engineers, stating the number of engineers will increase in the next five years. He highlights that technological advancements consistently create a demand for more engineers. McKinnon points out that while AI can handle simpler coding tasks, engineers will concentrate on system design and complex problem-solving. Although recent data indicates a decline in job openings for software engineers since the pandemic, the U.S. Bureau of Labor Statistics projects a 17% growth in software developer roles from 2023 to 2033, resulting in around 328,000 new positions. Okta currently holds a market value over $15 billion and serves approximately 18,000 clients globally.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Why does Okta's CEO laugh at claims that AI will replace software engineers?

    Play Episode Listen Later Apr 9, 2025 1:43


    Debates exist around AI's influence on software engineering, with varied viewpoints from tech leaders. Okta's CEO, Todd McKinnon, challenges the idea that AI will replace software engineers, stating the number of engineers will increase in the next five years. He highlights that technological advancements consistently create a demand for more engineers. McKinnon points out that while AI can handle simpler coding tasks, engineers will concentrate on system design and complex problem-solving. Although recent data indicates a decline in job openings for software engineers since the pandemic, the U.S. Bureau of Labor Statistics projects a 17% growth in software developer roles from 2023 to 2033, resulting in around 328,000 new positions. Okta currently holds a market value over $15 billion and serves approximately 18,000 clients globally.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    These jobs may disappear forever due to AI

    Play Episode Listen Later Apr 8, 2025 2:09


    AI's rise affects the job market significantly, with forecasts indicating the disappearance of certain professions. A Pew Research survey involving over 1,000 AI experts and 5,400 U.S. adults reveals that cashiers, journalists, and factory workers face the highest risk over the next 20 years. Specifically, 73% of respondents believe AI will reduce cashier positions, while nearly 60% predict a decline in journalism jobs. Additionally, 67% of the general public considers factory jobs vulnerable to AI, compared to 60% of experts. In contrast, professionals such as software engineers, mental health therapists, lawyers, and teachers appear more secure, with less than half predicting significant job losses in these fields. Overall, 73% of experts view AI as having a positive influence on future employment, whereas only 23% of the general public shares this outlook. Concerns about job displacement are widespread, with over half of the public expressing anxiety, while only 25% of experts have similar worries. In summary, 64% of U.S. adults suspect AI will lead to fewer job opportunities, compared to 39% of experts.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is China Gaining Ground in the Global AI Race

    Play Episode Listen Later Apr 8, 2025 2:51


    China invests significantly in artificial intelligence (AI) research and development. The country aims to become a leader in AI technology by 2030. China increases funding for AI startups and establishes partnerships between private companies and academic institutions. Chinese researchers publish a high volume of AI-related papers, contributing to advancements in the field. The government implements policies that promote innovation and facilitate the deployment of AI across various sectors, including healthcare and finance. Internationally, China expands its AI presence through collaborations and participation in global AI initiatives. Meanwhile, other nations, particularly the United States, also enhance their AI programs to maintain competitive advantage.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Why Did a Teen CEO Get Rejected by 15 Top Colleges

    Play Episode Listen Later Apr 7, 2025 2:20


    A high school student developed an AI app, Cal AI, which generated thirty million dollars in its first year. Zach Yadegari, the eighteen-year-old creator, received rejections from fifteen of the eighteen colleges he applied to, including Harvard and Princeton, despite having a 4.0 GPA and a 34 ACT score. The app allows users to photograph meals to track calories and macronutrients, achieving over five million downloads since its launch in May. Yadegari's acceptance to only three universities, Georgia Tech, the University of Texas, and the University of Miami, raised questions about his college application journey. Speculation arose that his personal statement may have implied he would not complete college. The competition for admission to top-tier schools has intensified, with applications to Ivy League institutions tripling in the past twenty years. Yadegari remains unsure of the reasons for his rejections but expresses a desire for social connections in college.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is Texas the New Frontier for Startup Investment?

    Play Episode Listen Later Apr 7, 2025 2:48


    Texas startups attract increased funding in 2025, largely driven by interest in cybersecurity, defense technology, robotics, and de-extincting species. Venture investors contribute nearly $2.9 billion in the first quarter, marking the largest quarterly total in over two years. Two-thirds of this investment targets five companies. Saronic, an autonomous vessel developer, secures $600 million, while NinjaOne, a provider of endpoint management, raises $500 million, and Island, a secure browser developer, raises $250 million. Robotics see growth, with Apptronik adding $53 million to reach over $403 million in funding. Colossal Biosciences raises $200 million for gene editing to de-extinct species. Although the number of funding rounds declines, the total investment amount increases, indicating a trend towards larger investments per deal. If 2025 continues at this pace, the funding round count may reach a multi-year low.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Trump insists tariffs are necessary medicine despite market turmoil

    Play Episode Listen Later Apr 7, 2025 3:00


    President Trump reaffirmed his commitment to tariffs on imports unless other countries improve trade practices with the United States. He does not intend to withdraw tariffs despite market fluctuations and considers them necessary to address trade imbalances. Increased tariffs are scheduled to take effect Wednesday, raising uncertainty in the global economy. Treasury Secretary Scott Bessent indicated that resolving trade issues will require lengthy negotiations. While Trump played golf, he communicated resilience and support for his trade policies, with administration officials downplaying recession concerns. Following the April 2 tariff announcement, stock futures fell significantly, heightening investor anxiety. Countries like China and allies such as Israel and Vietnam are responding to the tariffs, with plans for negotiations. In Congress, several Republican senators have proposed legislation requiring Congressional approval for new tariffs, signaling potential shifts in legislative focus. Commerce Secretary Howard Lutnick confirmed the tariffs will proceed as planned but did not specify their duration. Discussions continue in Congress regarding the impact of tariffs on the economy. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Binance's massive funding round reshapes the crypto landscape

    Play Episode Listen Later Apr 4, 2025 2:42


    Venture funding for crypto and blockchain startups reached $3.8 billion in the first quarter of 2025, an increase of 138% from the previous quarter, which saw $1.6 billion raised. This funding occurred across 220 deals, boosted by easing regulations and increased market interest. A major contributor to this funding surge was a $2 billion investment in Binance, the largest investment in a crypto company to date. Excluding this investment, other Web3 startups raised $1.8 billion, similar to previous funding levels. Deal flow declined, with fewer transactions than the same period last year but included significant deals such as $150 million for Phantom and $91.8 million for Flowdesk. The current administration introduced new regulatory expectations and discussions about a U.S. strategic bitcoin reserve, but market conditions remained challenging, with declines in Bitcoin and Ethereum prices. Both Circle and eToro filed for IPOs, drawing investor attention as the Web3 sector continues to face market fluctuations. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Trump's confidence shines amid stock market turmoil

    Play Episode Listen Later Apr 4, 2025 1:50


    President Trump reported a positive outlook following a significant drop in the stock market, where the Dow Jones Industrial Average fell over 1,600 points due to his tariff announcement. He set a minimum tariff of 10% on numerous imports, including higher rates on specific goods from China and the European Union. Despite the market's negative reaction, Trump indicated this response was anticipated. He used a medical analogy to describe the U.S. economy as a patient needing surgery, suggesting short-term pain would lead to long-term gains. Trump anticipated substantial investments as companies look to manufacture domestically. He reiterated the use of tariffs as a negotiation tool to address perceived unfair advantages held by other countries. He expressed confidence in future economic developments during comments made aboard Air Force One and at a golf tournament in Doral, Florida. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is the Startup Boom at Risk Due to New Tariffs

    Play Episode Listen Later Apr 3, 2025 2:57


    Private startup valuations face adjustments as market trends change due to recent tariff decisions. On April 3, 2025, the Nasdaq Composite Index dropped 4.8% following new tariffs on imports, which could increase consumer prices and reduce demand. Major companies such as Amazon, Apple, Nike, and Wayfair experienced declines of up to 25%. Valuations for private startups typically adjust during funding rounds, which do not occur immediately. Recent valuations include $300 billion for OpenAI and $113 billion for merged portfolios, even as Nvidia saw a 5% drop. The last major correction happened a few years ago, and many companies that became unicorns in 2021 are now facing down rounds or bankruptcy. The tech IPO market showed struggle in 2023 and 2024, with some recovery signs and notable activity from CoreWeave at around $24 billion. Mergers and acquisitions have risen, highlighted by a $32 billion proposed acquisition of Wiz. The market pullback from tariffs now presents challenges for startup exits. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    What you need to know about Trump's new tariffs

    Play Episode Listen Later Apr 3, 2025 2:39


    President Trump implemented a 10% baseline tax on imports from all countries, with higher rates for nations running trade surpluses with the U.S. This action seeks to reduce the trade gap caused by tariffs on U.S. goods by other nations. Economists warn these tariffs may lead to increased costs for consumers. Tariffs generate around $80 billion in revenue annually, which Congress allocates for government expenses. The Trump administration intends to use the additional tariff revenue to extend existing tax cuts, projected to decrease federal revenue by $4.5 trillion from 2025 to 2034. Price increases for consumers may start within months, particularly for products like produce from Mexico. Although some importers might absorb tariff costs, many businesses are likely to raise prices overall. Historically, Congress holds tariff powers, but recent authorities have shifted to the president, citing emergency powers from a 1977 law. Proposed legislation aims to limit this power. U.S. tariffs average 2.2%, which is lower than those in the European Union, China, and India, reflecting global trade negotiations over the past four decades.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is AI Redefining What It Means to Create

    Play Episode Listen Later Apr 2, 2025 4:46


    The rise of artificial intelligence raises questions regarding creative ownership and intellectual property rights. Recent events surrounding Studio Ghibli highlight concerns over how AI can replicate and distribute a creator's unique style without permission. Copyright law is designed to protect original works from unauthorized reproduction, yet rapid technological advancements challenge this framework. AI can generate images resembling a specific style, posing risks to current copyright protections by taking advantage of loopholes. The economic impact includes potential undermining of Studio Ghibli's brand value and confusing audiences about genuine versus AI-generated art. Trademark law addresses brand identities, and AI-generated art that misrepresents itself may infringe on these rights. Intellectual property laws require reform to accommodate AI's influence on creativity while balancing innovation with the protection of artists' rights. Without regulatory measures, the risks to human creativity and originality could reshape the creative landscape.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Unlocking the Secrets to a Successful Salary Raise Request

    Play Episode Listen Later Apr 2, 2025 1:45


    Barbara Corcoran provides strategies for negotiating salary increases. Individuals should prepare by listing expected responsibilities and actual contributions to highlight their value. She advises requesting a specific percentage or monetary figure for the raise, such as “I want a 10% raise,” to strengthen the negotiation position. The 2025 Compensation Best Practices Report shows that engineering and science firms plan average raises of 4.6%, while nonprofits and educational institutions expect around 3%. Some organizations may not offer raises due to financial constraints, impacting negotiations.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    What does the future hold for libraries and museums under the current administration

    Play Episode Listen Later Apr 1, 2025 1:58


    The future of libraries and museums faces challenges under the current administration. Funding cuts impact their operations and programming. Many institutions explore new revenue streams and partnerships to sustain services. Digital technology adoption increases, allowing for greater access to resources. The role of libraries and museums evolves as they pivot to community engagement and educational outreach. Advocates push for policy changes to secure support and maintain relevance.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    FDA faces leadership crisis as tobacco regulator is ousted

    Play Episode Listen Later Apr 1, 2025 2:14


    The FDA removed its chief tobacco regulator, Brian King, amid significant cuts across the agency. King, disappointed by his placement on administrative leave, saw multiple employees in the FDA's tobacco center also receive termination notices. His tenure included actions against flavored e-cigarettes, contributing to a decline in teen vaping rates. This leadership change follows the ousting of vaccine chief Dr. Peter Marks, with plans to eliminate 3,500 FDA positions targeting scrutiny of childhood vaccines and ultra-processed foods. Incoming commissioner Marty Makary will face challenges managing an agency that has lost many experts. Tobacco-related diseases remain a major public health concern despite lower smoking rates. Criticism of the FDA's tobacco center has heightened from lawmakers and public health advocates, while the tobacco industry pushes for faster approvals of e-cigarettes. Under King's leadership, several flavored e-cigarette applications faced rejection, resulting in legal challenges against the FDA.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Amazon's New Security Measure Raises Eyebrows Among Warehouse Employees

    Play Episode Listen Later Apr 1, 2025 1:52


    Amazon reinstitutes metal detector screenings for warehouse employees in the U.S., affecting over 750,000 workers. Employees must register their phones with security teams and provide the last six digits of their phone's serial number to receive an identifier sticker. Metal detectors will screen employees exiting warehouses to prevent theft. This policy is being implemented gradually, starting with select locations. Prior to the pandemic, these screenings were commonplace but faced lawsuits from workers seeking compensation for wait times, which the U.S. Supreme Court ruled against. Amazon, which operates 110 warehouses in the U.S., had previously limited phone access during work hours but relaxed this policy during the pandemic for health information access.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is Gen Z Streaming at Work Secretly Becoming the Norm?

    Play Episode Listen Later Mar 31, 2025 2:03


    A survey conducted by Tubi and The Harris Poll indicates that 84% of employed Gen Z workers stream content during work hours. Of the 2,502 U.S. adults surveyed, 48% admit to misleading colleagues about their streaming activities. This behavior affects productivity, as 53% of Gen Z respondents have prioritized binge-watching over work tasks. More than half, 52%, of Gen Z prefers remote work to continue streaming without supervision, while nearly 40% in physical workplaces also stream during work. The average spending on streaming services is $129 per month, which exceeds the $109 spent on clothing. Streaming represents 43.5% of total TV viewership, according to Nielsen. Management experts recommend that employers assess performance to understand the impact of streaming on work and ensure clear communication of company policies if needed. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

    Is This the Future of Drug Development with AI

    Play Episode Listen Later Mar 31, 2025 1:46


    Isomorphic Labs raised $600 million in its initial external funding round to enhance artificial intelligence applications in drug development. Thrive Capital led this round, supported by Google Ventures and existing investor Alphabet. Isomorphic Labs, formed from Google DeepMind in 2021, aims to advance its AI drug design engine and clinical programs. This funding follows significant raises in the AI-driven biotech sector, including Xaira Therapeutics, which secured $1 billion, and Formation Bio, which raised $372 million. Thrive Capital, co-founded by Joshua Kushner, has also led major investments in Databricks and OpenAI.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

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