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Important pointsThe 100% bonus depreciation passed by the Trump administration is providing a tailwind for car wash real estate. The car wash business has evolved significantly over the past decade as private equity investors flock to recurring revenue. Typically, private equity buys a car wash business and sells the real estate to private investors. A version of this article first appeared in the CNBC Property Play newsletter with Diana Orrick. Property Play covers new and evolving opportunities for real estate investors, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large publicly traded companies. Sign up…
Andrej Karpathy, a co-founder of OpenAI and an AI researcher who previously worked at OpenAI and previously led AI at Tesla, has joined Anthropic. “I joined Anthropic,” Karpathy posted on X Tuesday. “I think the next few years at the LLM front will be a particularly formative time, and I’m very excited to join the team here and return to research and development.” Personal update: I joined Anthropic. I think the next few years on the LLM front will be a particularly formative time. I’m very excited to join the team here and return to research and development. I still…
The CNBC Disruptor 50 wasn’t created as an AI list, but it definitely is now. Forty-three of the 50 companies included in the 2026 list say AI is essential to their disruptive business models. That’s the key. AI is at the heart of our business models, driving user adoption and revenue growth at unprecedented speed and scale. It should come as no surprise to anyone familiar with the venture capital industry or private markets that the combined valuation of the companies named to the 2026 Disruptor 50 list has tripled in the past year to an astonishing $2.4 trillion. Perhaps…
summary Israel’s far-right Finance Minister Bezalel Smotrich said the International Criminal Court had requested a warrant for his arrest. He suggested the move was linked to the expansion of Israeli settlements in the occupied West Bank. Israel believes the court may also seek warrants against Defense Minister Yisrael Katz and National Security Minister Itamar Ben Gvir. AI-generated summaries were reviewed by CNN editors. Far-right Israeli Finance Minister Bezalel Smotrich said on Tuesday that he was seeking a warrant for his arrest, which prosecutors at the International Criminal Court called a “declaration of war.” In a speech from his office in…
Hayden Panettiere is in no hurry to introduce her daughter to Hollywood. In fact, Kaya, Hayden’s daughter with ex-fiancé Wladimir Klitschko, has expressed interest in following in her mother’s footsteps, but Hayden is treading carefully. “I started getting calls from 11-year-old kids saying they were interested in this industry,” Hayden said in an exclusive interview with E! News admits the outlook is a bit “nail-biting”. After all, the Heroes alum’s own on-screen career began when she was 12 months old, so she knows firsthand the ups and downs that come with life in the spotlight. “I always want to support…
NEW DELHI, India — When Argentina’s Gonzalo Montiel converted a penalty to seal his country’s third World Cup title at the FIFA World Cup in Qatar in December 2022, Lionel Messi fan Vishwas Banerjee heartily celebrated the Albiceleste’s victory in Bangalore, the soccer-mad city in southeastern India.Unable to contain her excitement, Banerjee screamed and threw down her shirt while watching the match on a big screen at an intersection near midnight.”It was one of the best nights, watching Messi lift the World Cup,” he told Al Jazeera.”Everyone went crazy. We danced in the streets,” Banerjee said, recalling the excitement she…
The US Treasury building in Washington.Saul Loeb | AFP | Getty ImagesForeign governments slashed U.S. debt in March to protect local currencies from an energy shock that caused exchange rates to collapse as Middle East wars forced central banks to draw down dollar reserves.China cut its holdings to $652.3 billion, down about 6% from February and the lowest level since September 2008, according to U.S. Treasury data released late Monday. Japan, the single largest foreign holder of U.S. government debt, reduced its debt by about $47 billion to $1.191 trillion. Overall overseas holdings totaled $9.25 trillion in March, down from…
This year’s Disruptor 50 list, with Anthropic in first place followed by OpenAI, features companies that are using technology, primarily AI, to challenge existing industries and build new ones. CEO Dario Amodei said the explosive first-quarter revenue growth was 80x, making Anthropic the fastest-growing company in enterprise software history. In addition to consumer products, Claude Code has revolutionized software development and is championed for its reliability and strong performance for complex tasks. The company is also in talks to raise more capital at a sky-high valuation of $900 billion.What makes Anthropic number one is not just its growth, but its…
Millie Bobby Brown may have revealed her baby’s name on a necklace with special meaningMillie Bobby Brown couldn’t wait to have kids, and when the opportunity to become a parent presented itself to her husband Jake Bongiovi, she didn’t have to count to 11 before making the decision. “Jake knows how important it is to me,” the Stranger Things actress said on a March 2025 episode of Smartless, noting that it was her spouse who told her marriage came before the pram. “Of course, I want to focus on establishing myself as both an actor and a producer, but personally…
On March 21, 2023, Russian President Vladimir Putin met with Chinese President Xi Jinping at the Moscow Kremlin.Alexei Mayshev AFP | Getty ImagesAs Russian President Vladimir Putin visits China, the Russian leader will be keen not only to strengthen ties with China, but also to score important victories in the areas of trade and energy.Putin’s two-day visit to Beijing has attracted attention, following a state visit by U.S. President Donald Trump in which the White House boasted of diplomatic and trade victories. The Russian president is currently heading to Beijing in hopes of reaffirming and strengthening already close ties with…