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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.In 1989, Byron Trott was working at Goldman Sachs in the private wealth management division when he paid a visit to Jack Taylor, the founder of Enterprise Rent-A-Car Company.”Jack was there with his son, Andy, who was running the company,” Trott said. “And they said to me, ‘Sport, I don’t know who told you we have any money, but we are 10 to 1 levered on our business.’ Now,…
Travelers looking to escape the winter doldrums in early 2026 now have an influx of affordable new flight options from Frontier Airlines. The low-cost carrier just announced four new domestic routes to sunny destinations in the southern United States that will launch in January and February. The new flights will connect cities on the East Coast, West Coast, and Midwest to vacation hotspots in Florida and Arizona.The first of the routes to debut will be a new thrice-weekly service between New Jersey’s Newark Liberty International Airport (EWR) and Orlando International Airport (MCO) starting January 21, 2026. Among the airline’s other new routes…
Warner Music Group (WMG) has settled a copyright infringement case with AI music startup Udio, the label announced on Wednesday. The two have also entered into a licensing deal for an AI music creation service that’s set to launch in 2026. In its press release, WMG said that the “next-generation music creation, listening, and discovery platform” will be powered by generative AI models trained on licensed and authorized music. The company says the platform will create “new revenue streams for artists and songwriters, while ensuring their work remains protected.” The subscription service will allow users to make remixes, covers, and…
Spotify has acquired the community-run database tracking sampled music, WhoSampled, the company announced Wednesday. The streaming service had also shared the news as part of its Wednesday blog post about new song credits features. Deal terms were not disclosed, but Spotify confirmed to TechCrunch the acquisition is for both the WhoSampled team and database. (The company had only a handful of employees, per data on PitchBook and LinkedIn, which both confirm around 10 staffers.) Launched in 2008, London-based WhoSampled offers an extensive database of songs, samples, covers, remixes, artists, and more. According to its website, it’s now tracking more than…
From electronic health records and blood tests to the stream of data from wearable devices, the amount of health information people generate is accelerating rapidly. Yet, many users struggle to connect this trove of data in a meaningful way and actually use it to improve their health. Function Health, which offers a regular lab testing service to help people track their health, wants to change that by consolidating health data and making it usable for its customers by connecting that data to an AI model. To further that effort, the company recently raised $298 million in a Series B round…
January Ventures co-founder Jennifer Neundorfer stopped by the Equity podcast during TechCrunch Disrupt to chat about fundraising in this very AI-driven market. Founders and investors alike are obsessed with AI, and even Neundorfer said her firm is looking at ways to use AI to make their work more efficient, such as helping to do due diligence on the market and competition. As for companies being built, she has a preference for the founders looking to create something entirely new. “Where I tend to get excited is when I see someone who is using AI to do something that isn’t 10x better. It’s…
When Anthony Sardain began developing Cavela in 2023, an AI startup that helps brands automate supplier sourcing, he did not foresee that new tariffs would drive customers to become increasingly wary of manufacturing products in China. “You don’t just walk into Vietnam and build up a supply chain,” Sardain told TechCrunch. “A lot of brands find one supplier, and they hang on for the rest of their life, because they really don’t want to lose it.” That’s especially true for small and midsize companies that lack dedicated, global sourcing departments. Sardain claims that Cavela solves this problem through its AI…
The year is 2030. An “infamous mystery hacker” known as the Puppet Master is wreaking havoc on the internet, breaking into the so-called cyber-brains of several humans as well as “every terminal on the network.” As it turns out, the Puppet Master is a creation of Japan’s Ministry of Foreign Affairs. In other words, the Puppet Master is what we would call today a government-backed hacker, or advanced persistent threat (APT). In this case, however, the “phantom” hacker goes rogue and is wanted for “stock manipulation, spying, political engineering, terrorism, and violation of cyber-brain privacy.” That is the basic premise…
Nvidia founder and CEO Jensen Huang struck a bullish tone in the company’s third-quarter earnings. And based on the company’s results, there may be reason to. Nvidia reported revenue of $57 billion in the third quarter, 62% higher compared to the same quarter last year. The company’s net income on a GAAP basis was $32 billion, 65% higher year-over-year. Both revenue and profit results beat Wall Street expectations. The revenue picture shows a company booming thanks largely to its data center business. Revenue generated by Nvidia’s data center business was a record $51.2 billion, up 25% from the previous quarter…
WASHINGTON (AP) — The Trump administration says its plan to dismantle the Education Department offers a fix for the nation’s lagging academics — a solution that could free schools from the strictures of federal influence. Yet to some school and state officials, the plan appears to add more bureaucracy, with no clear benefit for students who struggle with math or reading.Instead of being housed in a single agency, much of the Education Department’s work now will be spread across four other federal departments. For President Donald Trump, it’s a step toward fully closing the department and giving states more power…