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Jack Zhang is the co-founder and CEO of Airwallex.Courtesy of Jack ChanJack Chan, co-founder and CEO of fintech company Airwallex, doesn’t have the word “burnout” in his dictionary.”To be honest, I don’t understand that term at all. I’ve been working 100 hours a week for over 20 years since I was 16,” Chan told CNBC Make It.For Chan, hard work meant survival. At the age of 15, he left his hometown of Qingdao, China, and moved alone to Melbourne, Australia, in search of better opportunities. He spoke little English and lived with an Australian host family. Shortly after arriving, he…
The AI industry entered 2025 with strong momentum. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “mega-round,” and seven companies raised rounds that were $1 billion in size or larger. The industry didn’t slow down in 2025. While less companies raised rounds larger than $1 billion, four — Anthropic raised two rounds over $1 billion — significantly more companies raised multiple rounds compared to 2024, eight. How will 2026 compare? Elon Musk’s xAI announced a $20 billion Series E round and Sam Altman’s brain computer interface startup Merge Labs raised a $250 million seed round (with OpenAI as the lead investor) in the first few weeks of 2026, so signs point to another strong…
Sarah Friar, CFO of OpenAI, will appear on CNBC’s Squawk Box on August 20, 2025. CNBCOpenAI will make 2026 the year of “go-to-market,” the artificial intelligence startup’s financial chief said in a blog on Sunday. “The priority is to close the gap between what AI is currently enabling and how people, businesses and nations use it every day,” said OpenAI CFO Sarah Friar. “The opportunity is huge and immediate, especially in health, science, and business, where better intelligence directly leads to better outcomes.”In a blog post, Friar explained how OpenAI is considering a strategy to monetize its own services, such…
Katie Thurston talks about her breast cancer treatment planAfter receiving her stage 4 diagnosis, Katie gave an update on her treatment plan.”The cancer in the liver is from breast cancer,” she said. “Basically speaking, my breast cancer will be the root and focus. Six rounds of chemotherapy will begin.”But just before Katie was scheduled to begin this treatment, she received another update.On April 4, 2025, she wrote on Instagram, “I was scheduled to start chemotherapy today.” “I was packing winter hats, winter socks, snacks, blankets, medicine, and entertainment. My aunt Lindsey was flying in this weekend to help me recover.…
Novak Djokovic began his bid for a record 25th Grand Slam title with a straight-sets victory over Pedro Martinez.Published January 19, 2026January 19, 2026Click here to share on social mediaShare 2shareNovak Djokovic embarked on his latest bid for a record 25th Grand Slam title with an eerie straight-sets victory at the Australian Open in Melbourne.The Serbian defeated Spain’s Pedro Martinez 6-3, 6-2, 6-2 with two hours remaining on Monday and will face Italian qualifier Francesco Mastrelli in the second round.Recommended stories list of 4 itemsend of listThis was his 100th Australian Open win.”It’s great to be back again. It’s definitely…
Tesla CEO Elon Musk attends the Saudi-US Investment Forum in Riyadh, Saudi Arabia, on May 13, 2025. Hamad Mohammed | ReutersBillionaire wealth has soared to a record $18.3 trillion, according to a report by global charity Oxfam released on Monday, which says the ultra-wealthy seek power “for their own benefit.”The number of billionaires reached more than 3,000 last year, and their combined wealth increased by 16%, or $2.5 trillion, according to the report. In addition to this, billionaires’ wealth has soared by 81% since 2020, the charity said, calling the past “a good decade for billionaires”.The rich have gotten wealthier,…
Iran’s supreme leader Ayatollah Khamenei admitted on Saturday that thousands of Iranians have been killed in more than two weeks of unrest in the country. He blamed the deaths on US President Donald Trump, who he said had “openly encouraged” the protesters by promising “military assistance” from the United States. In a speech to the nation posted on his website, Khamenei called President Trump a “criminal” who was responsible for “both the casualties and the damage” during the anti-government demonstrations that erupted in late December, initially sparked by public anger over the dire economic situation. Khamenei, 86, did not mention…
The African Cup of Nations (AFCON) final between Morocco and Senegal was an embarrassing night for football on the continent. The reputational damage to African football will remain for a long time.A match that promised a lot between two quality teams produced scenes of surprising acrimony and chaos in Morocco’s capital, Rabat. Once the issue is resolved, the autopsy begins.Recommended stories list of 4 itemsend of listThe final was deadlocked at 0-0, and trouble began to occur in stoppage time. Senegal’s Ismaila Sarr appeared to have scored, but the goal was disallowed by referee Jean-Jacques N’Dala, who ruled that Abdoulaye…
U.S. President Donald Trump speaks during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House on October 22, 2025, in Washington, DC. Kevin Lamarque | Reuters If economic sanctions are meant to apply pressure without firing a shot, then President Donald Trump has directly targeted America’s closest military ally.President Trump announced on Saturday that starting February 1, the United States will impose a 10% tariff on imports from eight NATO members: Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. In a post on Truth Social, President Trump suggested that…
Meta’s big bet on virtual reality ended last week, with the company reportedly laying off about 1,500 employees in its Reality Lab division (about 10% of the division’s staff) and closing several VR game studios, according to the Wall Street Journal. It’s a huge reversal for a company that staked its entire identity on that concept just four years ago. Few will miss it. As industry watchers may remember, Facebook rebranded itself as Meta in 2021, promising a new era of technology led by VR devices. The decision is partly a bet that Gen Z prefers to socialize in online…