Melia Russell smiles

Harvey makes a big chief product officer hire as legal tech competition heats up

Harvey, the $8 billion legal software startup, is becoming a default vendor in Big Law. Now, with rival startups nipping at its heels and AI model providers moving closer to legal workflows, Harvey is bringing in a new executive to help defend its lead.

The company tells Business Insider it has hired Anique Drumright as its first chief product officer. In this role, she’ll shape what Harvey builds next and how quickly it can ship. Drumright has held roles at Uber, TripActions, Loom, and, most recently, HR software startup Rippling, where she led the company’s push into IT management software.

“Her slope of learning is very high,” said Winston Weinberg, Harvey’s chief executive. He described sending Drumright a lengthy Google Doc on the state of law firm technology and the day-to-day mechanics of legal work. She came back quickly with “really good product ideas,” he said.

The C-suite hire comes at a critical moment for Harvey — and for legal tech more broadly. Law firms are pouring money into new software meant to help lawyers work faster and save costs. Clients are driving much of that spend. After seeing chatbots and virtual assistants transform their own operations, they now expect the same efficiency from outside counsel.

Those tools don’t come cheap, and recent moves by the model providers themselves have complicated the picture. Anthropic’s release last week of a contract-review tool sent ripples through the industry and led to a major sell-off of legal-research stocks. It raised a pointed question: If a foundation model can review contracts, on top of handling tasks across the rest of the organization, how much specialized legal software will firms still pay for?

Harvey sits at the top of the heap for now. The startup has emerged as one of the best-known and best-funded players in legal tech, with licenses at over half of the 100 largest US law firms. The company said it ended last year with more than $190 million in annual recurring revenue. And job postings reviewed by Business Insider suggest it is pushing into mid-market and smaller firms, a long tail of potential growth beyond Big Law.

Earlier this week, Forbes reported that Harvey is raising a new round of funding that would value the company at $11 billion, citing unnamed people familiar with the deal. A Harvey spokesperson declined to comment on the report.

Harvey’s dominance comes with pressure. The company still needs to show lawyers its product can boost revenue, not just save hours. At the same time, competition is intensifying, from legal software startups like Legora and from OpenAI and Anthropic, the same companies whose technology powers Harvey’s platform.

Weinberg said Anthropic’s latest release doesn’t change Harvey’s product direction, but it does emphasize the need to move faster on shipping what makes the company distinctive. “Part of hiring Anique is to accelerate that,” he said.

If the next fight is adoption, Drumright has put in the reps. She’s spent years building products that ask people to change their habits.

At Uber, she worked in product and marketing as the ride-hailing giant scaled to billions of trips a year. Later, at Loom, she helped grow a product that nudged office workers away from meetings and long email chains, replacing them with screen-recorded video messages.

Drumright faces a similar challenge at Harvey, where the company has to convince reluctant lawyers, a famously luddite profession, to trade the familiar way of doing things for new tools. Those take time to use effectively.

“When something is new, even if it’s powerful, it’s still harder to do than the way you’ve always done it,” she said. Her job, she said, is to make those new capabilities feel intuitive.

Drumright is the daughter of two lawyers, and she has seen firsthand how low-tech legal work can be. She remembers her mother siting on the couch, preparing for a deposition by speaking into a tape recorder.

Drumright starts on Tuesday. Her first weeks at Harvey will be spent on a listening tour, meeting lawyers using the product and legal teams deciding whether to buy it. “Legal is a very specific domain,” she said, but the work starts with understanding how lawyers actually work today, and designing products that don’t slow them down.

Have a tip? Contact this reporter via email at mrussell@businessinsider.com or Signal at @MeliaRussell.01. Use a personal email address and a non-work device; here’s our guide to sharing information securely.




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Big Tech capex growth may be far slower than it looks — thanks to this overlooked metric

Big Tech’s latest capex projections have shocked investors. Look beneath the headline numbers, though, and spending may actually be growing far more slowly.

That’s according to new research on Monday from analysts at RBC Capital Markets.

Amazon, Google, Meta, and Microsoft are expected to spend almost $600 billion this year on data centers, chips, networking, and other related gear to meet surging AI demand.

On the surface, this may look like a relentless acceleration, but RBC’s analysis suggests these growth numbers are being flattered by an unusual culprit: runaway memory prices.

The RBC analysts found that soaring prices for data center memory chips — including DRAM, high-bandwidth memory (HBM), and NAND flash — could account for about 45% of the dollar growth in cloud capital expenditures for 2026. Crucially, most of that increase isn’t coming from companies buying dramatically more hardware, but from paying much more for the same components, the analysts said.

RBC estimates that data center memory spending across the top 10 hyperscalers will jump from about $107 billion in 2025 to roughly $237 billion in 2026. That $130 billion increase would represent about 45% of total capex growth at those companies. Even more striking, around three-quarters of the memory spend increase — roughly $98 billion — is attributable purely to higher prices, not higher unit volumes.

The price shock is severe. TrendForce projections cited by RBC show DRAM prices more than doubling in 2026, while NAND prices are expected to rise more than 85%. Memory has become one of the most constrained inputs in AI infrastructure, as advanced GPUs require large amounts of high-performance DRAM and HBM, while AI data centers consume massive quantities of flash storage.

When RBC strips memory out of the equation, Big Tech’s spending surge looks meaningfully different. Excluding memory costs, capex growth is projected to drop to about 40% in 2026, down from roughly 80% growth in 2025. That’s still a strong expansion, but far less explosive than the raw capex totals imply.

The analysts described this as “a notable deceleration,” while adding that “it’s not necessarily cause for alarm.”

RBC argued that underlying AI investment remains robust, but warned that memory pricing is now the biggest wild card for capex trends heading into 2027.

In effect, Big Tech may be spending vastly more on some equipment — without building proportionally more — as the AI arms race collides with an overheated memory market.

Sign up for Business Insider’s Tech Memo newsletter here. Reach out to me via email at abarr@businessinsider.com.




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What’s the future of the software business look like? Our top tech columnist weighs in.

The future of software

Software stocks had a brutal week, aside from a Friday rally, extending what has been a rough year for the industry. I touched base with our tech columnist, Ali Barr, the best I know on AI business models. He also wrote this piece in the midst of the selloff.

Ali, you’ve been covering AI adoption and costs by big business since you started our Tech Memo newsletter. What’s your gut on whether the recent selloff was overblown?

Software business models have underpinned the tech industry for decades. Companies invest heavily upfront to build software, but each additional copy costs almost nothing to distribute. So revenue scales faster than costs, driving fat profit margins. That dynamic helps explain why Microsoft, the world’s largest software company, is so valuable.

AI challenges this model. If this new technology makes employees more productive, companies may need fewer software subscriptions. And as AI tools improve, businesses could replace existing software with AI-driven workflows or even build their own software using AI coding tools. Finally, if software companies embrace AI, that could make their services more expensive to run than traditional software. That would mean rising usage doesn’t automatically translate into soaring profitability.

If software in the AI era becomes less profitable and grows more slowly, then it’s logical that the stock prices of software companies might fall. A lot.

Big Tech spending on AI data centers and other infrastructure is set to soar again this year. How will these companies generate a return on these huge investments?

The numbers are breathtaking. Just two companies, Google and Amazon, are planning capex of almost $400 billion in 2026. A couple more years of the same, and that’s more than $1 trillion.

To get a return on this, they will have to come up with new revenue of well over $1 trillion in future years. AI is amazing and really useful, but it’s hard for some investors to see how this happens. Even if new AI products are awesome, do consumers and companies have enough money to buy all this stuff? I don’t know. One outcome could be that Big Tech giants make do with slimmer profit margins in an AI future. That’s similar to the concerns that have hammered software stocks lately.

Who are the most-interesting people to watch in the sector?

I pay attention to Andrej Karpathy. He was director of AI at Tesla and a founding member of OpenAI. He’s pretty independent nowadays, which means what he says about AI can be trusted more. Bonus: He coined the term “vibe coding.”

Aditya Agarwal was Facebook’s first head of product engineering. He was also CTO and VP of engineering at Dropbox. He’s a coding powerhouse. Recently, he used Claude to do some coding and was stunned by the power of this tool. “I am filled with wonder and also a profound sadness,” he wrote on X. “We will never ever write code by hand again. It doesn’t make any sense to do so. Something I was very good at is now free and abundant.”

I’m usually skeptical, but the start of 2026 feels like a moment of highly disruptive — and destructive — change.




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China’s tech giants are opening their doors to OpenClaw. The Chinese internet is lapping it up.

The viral AI agent OpenClaw — formerly known as Clawdbot, then Moltbot — has found an audience in China.

Since last week, Chinese tech companies including Tencent, Alibaba, and Volcano Engine, a cloud service platform under ByteDance, have begun integrating OpenClaw into their platforms, making it easier for Chinese users to run the agent. That includes connecting the agent to workplace tools such as Alibaba’s collaboration platform, DingTalk, and Tencent Holdings’ WeCom, the work version of China’s super app, WeChat.

OpenClaw began circulating widely in tech circles last month, attracting high-profile fans including Y Combinator CEO Garry Tan and multiple partners at Andreessen Horowitz.

The agent has also taken off among Chinese users, with demos, tutorials, and use cases spreading rapidly across local social platforms.

OpenClaw is designed to run around the clock and plug into a wide range of consumer apps, allowing users to automate tasks such as managing schedules, overseeing vibe-coding sessions, or even building AI employees.

In a post on Tencent Cloud’s developer platform, the company said last Thursday that its servers have rolled out a preconfigured OpenClaw application template, enabling users to deploy the AI assistant in the cloud with minimal setup.

Alibaba Cloud has also rolled out support for OpenClaw on its platforms and said the agent can connect to a range of models from Alibaba’s Qwen series.

Volcano Engine, ByteDance’s cloud services arm, outlined how developers can deploy Moltbot in its environment in an article published on Monday, while also flagging key safety considerations.

“Because the tool has extensive data, account, and network access permissions, please deploy it in a dedicated environment, avoid handling sensitive information, and be sure to review permissions regularly and set access restrictions for ECS and API keys,” the article said, referring to cloud servers and access credentials.

For OpenClaw to run as a digital assistant across apps, it requires access to users’ files, login details, browser activity, and other data.

Cybersecurity specialists told Business Insider in a report published on Wednesday that agents like OpenClaw can be vulnerable to “prompt injections,” a tactic that uses hidden instructions to trick AI into performing actions such as leaking data or publishing content on users’ behalf.

Despite mounting privacy and security concerns, enthusiasm for the agent among Chinese users shows little sign of slowing.

OpenClaw’s popularity on Chinese social media

Posts and demos featuring OpenClaw have surged on the Chinese social media platform RedNote.

One RedNote user who goes by “Brother C” posted a video tutorial last Tuesday, walking viewers through how to use OpenClaw. “See how the 24/7 proactive AI assistant is revolutionizing workflows,” he wrote. The post drew more than 4,000 likes and was saved over 6,000 times.

Another user posting under the nickname “Teacher Du” shared his own explainer on Monday, describing how OpenClaw could be deployed in everyday workflows. His post was saved more than 2,000 times and received over 1,000 likes.

“My experience was truly mind-blowing,” he wrote, adding that the agent could handle “all sorts of tasks” and that the “concept of a true AI employee is getting closer.”

Like their counterparts in the US, Chinese users are buying Mac Minis to run the agent. A RedNote user named Wu Bin said he had ordered a secondhand Mac Mini to serve as his “super assistant.”

“It’s incredibly convenient, I can control it remotely to organize files and handle all sorts of tasks,” he wrote.

Not everyone is convinced. A user who goes by “Programmer Yago” warned in a RedNote post on Sunday that using the agent could leave users’ data “running naked all over the internet.”

OpenClaw did not respond to a request for comment from Business Insider.




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‘Unsubscribe’ and ‘opt out’: A new Big Tech boycott to protest ICE starts February 1

Economic boycotts are a familiar tool of protest. The problem is they often place the greatest strain on the smallest businesses.

That was the case during Friday’s nationwide general strike, which was designed to pressure the Trump administration to dial back its aggressive anti-immigration policies.

For many small business owners, the shutdown created a dilemma. Supporting the cause often means losing a day’s revenue and risking their ability to keep staff employed. Across social media, owners voiced solidarity alongside an apology for staying open.

There may, however, be another way, according to Scott Galloway, a marketing professor at New York University famous for his critiques of Big Tech.

Instead of a blanket shutdown, Galloway is calling for Americans to focus on major tech companies by unsubscribing from — or opting out of — services like OpenAI’s ChatGPT, Amazon’s Prime Video, and Microsoft Office.

A targeted boycott starting on Sunday and lasting the entire month of February could move markets, he says, which would, in turn, affect the CEOs who have the ear of President Donald Trump.

“We’re proposing something quieter and less cinematic than a protest that will run all day on cable TV, but much more disturbing to the Trump administration. A one-day slowdown is irritating. A one-month slump is terrifying,” he wrote in a blog post announcing the boycott.

Major tech CEOs have sought favor with the president during his second term. Many of them donated to his inauguration, for starters.

AI executives, like OpenAI CEO Sam Altman and Meta CEO Mark Zuckerberg, also accepted an invitation to a White House dinner with Trump in September, where the leaders took turns lauding the president. Apple CEO Tim Cook and Amazon CEO Andy Jassy attended the White House premiere of the documentary about first lady Melania Trump at the height of January’s anti-ICE protests in Minneapolis.

Supporting the AI industry in its competition with China is a major pillar of Trump’s economic agenda.

“These are the leaders who have his ear,” Galloway writes. “A modest reduction in their companies’ growth could have a substantial impact on valuations priced to perfection. Small changes in consumer behavior — starting on the first day of February — could have an enormous ripple effect, one that extends all the way to the White House.”

The anti-ICE movement

Regular protests against the tactics of ICE and Border Patrol personnel have gripped the country for months. Thousands marched through Minneapolis again on Saturday. Tensions rose dramatically in January after the killings of Renee Good and Alex Pretti in Minneapolis, both at the hands of federal immigration agents.

In both instances, protesters recorded videos and posted them to social media for the world to see, leaving little room for the Trump administration to spin the events in its favor.

While those videos and the subsequent protests — as well as the attempted nationwide shutdown — have spread awareness, they have so far done little to substantively shift the administration’s immigration policies.

The Department of Homeland Security demoted a key Border Patrol official last week and promised more changes. At the same time, however, the acting director of ICE expanded the power agents have to carry out warrantless searches, according to an internal memo seen by The New York Times.

“Real change always comes from the American people, not from our political parties. But power doesn’t fear protests nearly as much as economic withdrawals,” Galloway writes. “Getting off your couch, taking to the streets, and building community is important, but the most radical act in a capitalist society isn’t marching, it’s not spending.”




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‘Absolutely shameful’: Business and tech leaders react to the latest fatal ICE shooting

Business leaders spoke about federal immigration officers’ latest fatal shooting over the weekend.

  • Federal immigration officers shot and killed Alex Pretti, 37, in Minneapolis on Saturday.
  • The killing elicited sharp reactions from Americans, including business and tech leaders.
  • Google DeepMind’s chief scientist said it was “absolutely shameful.”

After a second fatality in confrontations with immigration officers in Minnesota on Saturday, business leaders took to social media to have their say.

Eric Horvitz
Microsoft's chief scientific officer, Eric Horvitz, poses against a window.
Microsoft’s chief scientific officer Eric Horvitz.

Microsoft’s chief scientific officer posted a screenshot of a statement from Alex Pretti’s parents with the caption “Anguish and pursuit of truth” on X on Sunday.

Horvitz also wrote on X, “Values, service, and character,” in response to a video posted by CBS News of Pretti reading a final salute to a veteran.

Yann LeCun
Former Meta chief AI scientist Yann LeCun talks to an audience and stands against a black background.
Former Meta chief AI scientist Yann LeCun

Former Meta chief AI scientist Yann LeCun replied “Murderers” to footage of the shooting circulating on Saturday. He has since reposted anti-ICE tweets and pushed back against users who criticize his stance.

LeCun has regularly shared posts critical of the Trump administration on social media.

Paul Graham
Paul Graham is pictured in conversation with Charlie Rose.
Almost a year out from his viral essay, Paul Graham reflected on the difference between going “founder mode” and micromanaging.

Paul Graham, cofounder of startup accelerator Y Combinator, wrote in a post on X on Saturday: “If someone had predicted before the last election that if Trump won, federal officers would be shooting Americans in the streets, he’d have been dismissed as an alarmist.”

Chris Olah

Anthropic cofounder Chris Olah wrote on X that he typically doesn’t comment on politics, but recent events “shock the conscience.”

“My deep loyalty is to the principles of classical liberal democracy: freedom of speech, the rule of law, the dignity of the human person. I immigrated to the United States — and eventually cofounded Anthropic here — believing it was a pillar of these principles,” he wrote, adding: “I feel very sad today.”

CEOs of major Minnesota-based companies
A woman walksi n front of a Target store

The Minnesota Chamber of Commerce distributed a letter on Sunday signed by more than 60 CEOs of Minnesota-based companies, including professional sports teams.

Among the signatories were Target CEO Michael Fiddelke, 3M CEO William Brown, Allianz Life Insurance Company CEO Jasmine Jirele, Cargill CEO Brian Sikes, General Mills CEO Jeff Harmening, and UnitedHealth Group CEO Stephen Hemsley, among many others.

The letter called for an “immediate de-escalation of tensions” and for state, local, and federal officials to “work together to find real solutions.”

“In this difficult moment for our community, we call for peace and focused cooperation among local, state, and federal leaders to achieve a swift and durable solution that enables families, businesses, our employees, and communities across Minnesota to resume our work to build a bright and prosperous future,” the letter says.

Khosla Ventures partners disagree

The shooting divided leaders even within the same VC firm. Khosla Ventures’ Keith Rabois posted on X “no law enforcement has shot an innocent person. illegals are committing violent crimes everyday.” Rabois is a self-proclaimed contrarian whose political opinions have courted controversy in recent years.

Two colleagues — Ethan Choi and Vinod Khosla — disagreed with Rabois on X. Khosla described the video of Pretti’s death as “macho ICE vigilantes running amuck empowered by a conscious-less administration.”

Choi said Rabois’ post did not represent the VC firm’s view. “What happened in Minnesota is plain wrong. Don’t know how you could really see it differently. Sad to see a person’s life taken unnecessarily,” Choi wrote.

Bill Ackman
Bill Ackman.

The hedge-fund billionaire, who supported Trump in the 2024 election, called for calm in an X post on Saturday. Ackman said that the United States had reached a point where “there are only two sides to every issue and every incident.”

“Individuals are ‘convicted’ of serious crimes in the headlines, by politicians appealing to their base, and ultimately in the minds of the public, or they are exonerated, before all of the facts are in and a detailed investigation has been completed,” he wrote. “This is not good for America.”

Two hours later, in another post on X, Ackman laid the blame on Minnesota’s governor, Tim Walz.

“It is almost as if the governor of Minnesota called for protesters to intervene in ICE enforcements in an incendiary manner,” he said, tagging Walz. “Inciting the people to rise up against law enforcement is guaranteed to end badly, and now we have seen the tragic consequences.”

Ackman later donated $10,000 to a GoFundMe set up for Pretti’s family after being asked to do so in a post on X by Shannon Watts, the founder of Moms Demand Action for Gun Sense in America.

Ackman wrote in a reply on X: “Done. That said, I don’t agree with the gofundme that he is an American hero, but his loss is tragic for him and his family.”

Reid Hoffman
Reid Hoffman at a conference with mic in hand

Like Ackman, billionaire LinkedIn cofounder Reid Hoffman is perpetually online, posting frequently on social media. The Democratic donor has been largely quiet this weekend, though he has reposted comments from other people, including one that called ICE “out of control.”

In another post that Hoffman amplified, an X user called out “chronically online tech leaders” for suddenly falling quiet. Another X user called on business and tech leaders to use their platform to stand up to the Trump administration and its immigration enforcement tactics, to which Hoffman replied, “It’s time for all Americans to do so.”

James Dyett

James Dyett, the head of global business at OpenAI, called on leaders in the tech and business communities to use their influence to criticize the Trump administration’s immigration policies.

“There is far more outrage from tech leaders over a wealth tax than masked ICE agents terrorizing communities and executing civilians in the streets,” Dyer wrote on X. “Tells you what you need to know about the values of our industry.”

Jeff Dean
Jeff Dean stands in front of Google logo

Jeff Dean, Google DeepMind’s chief scientist, wrote in response to a video of the shooting circulating on X: “This is absolutely shameful.”

“Agents of a federal agency unnecessarily escalating, and then executing a defenseless citizen whose offense appears to be using his cellphone camera,” he wrote. “Every person, regardless of political affiliation, should be denouncing this.”

Minneapolis police confirmed that Alex Pretti, who was filming federal agents when they wrestled him to the ground, was legally carrying a gun.

Border Patrol officials said Pretti had threatened them with the gun, but multiple videos of the incident show that agents had already disarmed and subdued Pretti when he was shot.

Jason Calacanis
Jason Calacanis in black tie

Jason Calacanis, a prominent investor and entrepreneur who is these days perhaps most known as one of the hosts of the popular “All-In” podcast, blamed the country’s political leaders in a post on X on Sunday.

“Once again, I will remind everyone that our leaders are failing us,” he wrote. “True leadership would be to calm this situation down by telling these non-peaceful protesters to stay home while recalling these inadequately-trained agents.”

He later posted that “all of this violence” could be avoided by fining businesses that hire immigrants who are not in the country legally.

Ray Dalio
Hedge fund manager Ray Dalio speaks at an event.

Billionaire investor Ray Dalio posted an X article on Monday, reflecting on a book he’d recently written. Current events made Dalio feel like he was “watching a movie that I have seen many times in history,” he wrote.

Minneapolis exhibited signs of stages five and six of his “Big Cycle,” he wrote: the pre-breakdown and breakdown of existing orders.

“The United States is now a tinderbox,” Dalio wrote. “The world saw the killings in Minneapolis of two opponents to Trump’s ICE initiative and is now watching to see which side will back down.”

Garry Tan
Garry Tan is pictured at the 2022 Web Summit
Gary Tan said that some academic entrepreneurship programs are creating “fake” founders like Elizabeth Holmes and Sam Bankman-Fried.

Garry Tan, the CEO of startup accelerator Y Combinator, said in a post on X that the “Minneapolis tragedy is truly sad,” and that he wanted “order and peace.”

The YC CEO, who had faced some criticism for posting about coding in recent days, wrote that he was staying focused on San Francisco, where he has a strong political presence.

“Remind yourself politics is local not national,” he wrote. “I’m going to keep fighting for my city.”

Caitlin Kalinowski

OpenAI’s robotics head, Caitlin Kalinowski, responded on X, citing the Constitution.

The OpenAI staffer referenced the 1st, 2nd, 4th, 5th, and 14th amendments, which include the right to protest and assembly, the right to bear arms, and the right to due process under the law.

Before working at OpenAI, Kalinowski was Meta’s head of AR Glasses Hardware.

David Marcus

David Marcus, cofounder and CEO of crypto payments company Lightspark, wrote on X in response to the incident: “The number of people who can hold two thoughts at the same time is dwindling at a dangerous rate.”

“It’s not because these anti-ICE protests are mostly inorganic and designed to generate this chaos, or that protesters show up with loaded guns that you can’t also be totally appalled by citizens being shot dead on our streets,” added Marcus, who is also a former president of PayPal.

“Let’s just remember we’re all Americans for a second.”

Cristina Cordova

Cristina Cordova, the chief operating officer at Linear, a product management software company, called the incident “indefensible” in a post on X.

“The victim’s legally owned handgun was removed from the scene, and then ICE agents shot him multiple times. It’s far from law enforcement — it’s just murder,” she wrote.

“Those who defend this don’t care about law or order. It’s about money, power, and protecting an executive branch that’s already been bought and paid for.”

Kath Korevec

Kath Korevec, the director of product at Google Labs, has called on X users to support their local immigration organizations.

“I can’t go to Minneapolis. And it’s only a matter of time before they show up in force here in the Bay Area. So here’s what I’m doing to help my neighbors prepare,” Korevec wrote in a post on X on Sunday.

She said in the post that she is researching, donating, and offering help to organizations that support immigrants.

Korevec said that she is calling her “congressmen and women and asking them not to approve ICE funding without major reform to how the organization is run.”

“And I’m paying attention. Not looking away, even when it’s hard,” she added. “If you’re able to do any of this where you live, now is the time.”

Josh Miller

Josh Miller, the cofounder and CEO of The Browser Company, wrote on X that he has been hesitant to speak on politics — but that this moment was no longer political.

“It is about something more fundamental,” he wrote. “It is about what America stands for. Call it morals, call it decency, whatever word resonates most with you.”

Miller wrote that the government “executed a man,” and that he was “deeply sad for his parents.”

Before The Browser Company, Miller sold his startup, Branch, to Facebook. He then left Facebook for the federal government, becoming the White House’s first director of product under former President Barack Obama.

Google DeepMind’s Dean thanked Miller for speaking up. Miller responded: “10 shots in the back of an American citizen who worked as an ICU nurse at the veterans hospital in town. While they knew they were being filmed in broad daylight. And our Secretary of War cheers them on from Twitter. Something is not right.”

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Finland is trying to poach top tech and AI talent from the US with 2-week visas and better work-life balance

Finland is stepping into the tech talent wars.

The Nordic country is making a push for tech workers from abroad, with a particular focus on the US. The goal is to attract engineers and researchers working in deep tech, especially in the fields of quantum computing, AI, and health innovation.

The effort comes as competition for AI talent intensifies worldwide and tech workers in the US grapple with layoffs, burnout, and visa complications. KPMG’s annual survey of global CEOs found that 70% were concerned about competition for AI talent. According to BCG’s 2024 talent tracker report, the US remained dominant in attracting AI talent worldwide.

Already known for its tech scene, Finland, with a population of around 5.6 million, is positioning itself as a place where American tech workers can find a better work-life balance without sacrificing their careers — a notable contrast to the famous grindset of Silicon Valley.

“Of course, there might be long days once in a while, but it’s such a high value, and it’s also protected by law that you can’t work more than an average of 40 hours per week,” Laura Lindeman, head of the Work in Finland program, told Business Insider.

She said that even in the tech sector, when people leave work for the day, they really do leave. “Offices are silent,” she said. Employers in Finland, often ranked the happiest country in the world, also see the benefit of workers having lives outside work, she said, adding that the general sentiment is “it narrows your thinking if you only work.”

Finland is working with more than 30 Finnish tech companies and universities to promote open roles to foreign workers. A preview of the job openings being promoted under the program includes roles with Oura Health (the company behind the Oura Ring), quantum computing firm QMill, and Aalto University.

Lindeman said Americans interested in working in Finland should consider reaching out to companies or universities, even if no open roles are listed, as some employers are open to creating positions for the right candidate. While the campaign emphasizes the US, it also targets talent from India, Brazil, and other parts of Europe.

Once candidates receive a job offer, they can apply for a specialist visa through Finland’s Fast Track program. Approved applicants can receive a work-residence permit in as little as two weeks, with processing times averaging about 10 days, Lindeman said. Finland also offers integration programs to help newcomers settle in, and spouses of workers on specialist visas are eligible for work permits, she added.

Government data suggests interest from Americans is already rising. Finland granted 60 specialist residence permits to US citizens in 2024 and 85 in 2025, according to Finnish immigration statistics. The number of residence permits granted to US researchers also increased, from 35 in 2024 to 46 in 2025.


Helsinki skyline

Jordan Blake Banks, an American living in Helsinki, said Finland has a great work-life balance.

Vladislav Zolotov/Getty Images



Finland is known for a culture of work-life balance

Jordan Blake Banks, an American who moved to Finland in 2019 to pursue a master’s degree through the Fulbright program, said the country offers plenty of benefits, from its forests to its emphasis on work-life balance. After finishing her degree, Banks stayed in Finland and eventually landed a job as a sustainability consultant at Deloitte in Helsinki.

“The general idea is that the company and the colleagues respect you as a person, and that you can have your free and personal time,” she said, adding parents regularly leave work during the day for family obligations without stigma. Many Finns also take about a month of vacation during the summer, along with time off in the winter.

Banks said salaries in Finland tend to be lower than in comparable roles in the US, but she thinks the gap is offset by more affordable essential services, including healthcare, education, and childcare.

While learning Finnish isn’t necessary for working in the country — Lindeman said English is widely used in the tech industry, and about 80% of Finns speak fluent English — Banks said not knowing the language can feel isolating in everyday life.

She enrolled in a four-month integration program run by the city, where she learned the language and eventually passed the national exam required to become a Finnish citizen. Banks also met her now-wife while living in Finland.

One cultural adjustment of living in Finland, she said, has been that the people tend to be more reserved than Americans. “If you’re coming from a very friendly culture or a very warm culture, I think that could be a shock,” she said, adding she’d been able to use that to her advantage.

Banks said speaking up helped her land a paid research position at her university. “I was willing to make contact and be the brave American willing to ask for things,” she said.




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China’s AI push is about spreading economic gains, not enriching tech giants, a finance CEO says

Open source — that might be the clearest signal of how China wants artificial intelligence to reshape its economy.

Hisham Alrayes, the group CEO of Bahrain-based GFH Financial Group, said China is prioritizing open models and broad deployment to spread AI’s gains across the economy, instead of funneling them to a few tech giants.

Speaking at a Davos panel on China’s “AI+ Economy” strategy on Wednesday, Alrayes said the country’s approach reflects a fundamentally different economic philosophy.

“You look at the open structure of the China AI philosophy — then you have the non-open structure,” Alrayes said. “That signals that the benefit they want to see is to trickle down into the economy, into the companies.”

Open source as economic strategy

China’s most prominent AI breakout, DeepSeek, reflects that philosophy.

It mostly uses open-source models that have drawn global attention, in contrast to many large US language models that remain closed and proprietary, reaping the benefits of tightly controlled commercial ecosystems.

Meta’s former chief AI scientist Yann LeCun, has said that a key reason behind DeepSeek’s success is its open-source model, which, he said, can outperform proprietary models in terms of efficiency and innovation by building on shared research.

Meanwhile, former Google CEO Eric Schmidt has said that China’s open-source AI models could gain an edge globally because they’re free, making them more attractive than costly proprietary US systems for governments and countries that can’t afford closed models.

Similarly, Alrayes said, China — in pursuing the open model — is aiming for affordability and scale.

“It’s not the benefit of that company, of that product, the return of that individual. It’s not an individual — it’s an economy,” Alrayes said.

That philosophy is reflected in China’s national “AI Plus” action plan, which prioritizes diffusion, said fellow panelist Gong Ke, executive director of the Chinese Institute for New Generation AI Development Strategies at Nankai University.

The policy, he said, focuses on embedding AI across manufacturing, healthcare, finance, education, and other sectors, rather than on breakthroughs such as artificial general intelligence.

He added that the plan sets explicit adoption targets, with AI agents and intelligent terminals expected to reach 70% penetration by 2027 and 90% by 2030.

AI as infrastructure, not a profit engine

Alrayes said China’s open-source tilt ultimately reflects a broader goal: making AI an economic utility rather than a profit center for a small group of companies.

“China is looking to create value throughout the economy, very clear, with very specific objectives across the economy,” he said. “Not just as a benefit to those companies. This is the difference in the philosophy.”




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Lloyd Lee

Tech workers want their CEOs to speak out against ICE and cancel contracts

A small group of tech workers is calling on their CEOs to speak out against Immigration and Customs Enforcement, as the Trump administration deploys federal agents into metropolitan areas.

The petition, titled “Tech demands ICE out of our cities,” calls on tech leaders to “pick up the phone” and call the White House to demand Immigration and Customs Enforcement agents “leave our cities.”

Other demands include canceling company contracts with ICE and speaking out publicly against “ICE’s violence.”

The petition has received more than 250 signatories, which represents a small sliver of the overall tech workforce in the US.

Employees from Google and Amazon make up a plurality of the signatories, although not every participant chose to disclose their name; at the time of publication, roughly 170 of the signatories were named, the others chose only to share their title and or company.

Organizers of the petition were not disclosed. Business Insider reached out to the contact provided on the website and did not immediately get a response.

A spokesperson for Amazon declined to comment. A Google spokesperson did not immediately respond to a request for comment.

The Trump administration has been aggressively executing on immigration enforcement; some of the tactics have led to highly publicized clashes between local community members and ICE agents.

Minneapolis — the city where George Floyd was killed by a police officer — recently became a focal point of an immigration crackdown, and where an ICE officer fatally shot Renee Good, a US citizen.

The Minneapolis Regional Labor Federation, an AFL-CIO affiliate, endorsed a move on Saturday encouraging local residents to skip work on January 23.

The White House has also targeted the tech industry by attaching a higher fee to the H-1B visa — a program tech companies and other industries have relied on to hire overseas talent.

The move has seen ripple effects from Big Tech, down to higher education.

Data from the National Student Clearinghouse Research Center showed a 5.9% decline in enrollment at US universities by graduate international students for the Fall 2025 semester.




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OpenAI could generate $25 billion in annual ad revenue by 2030, and that should worry Google, top tech analyst says

Advertising could become a $25 billion business for OpenAI — and pose a threat to Google, according to new estimates on Monday from a top tech analyst.

Evercore ISI’s Mark Mahaney sees the startup generating that level of annual ad revenue by 2030 if it executes well on rolling out this new business.

OpenAI said on Friday that free and Go users of ChatGPT would start seeing ads “in the coming weeks.” OpenAI also laid out its advertising principles, such as clearly labeling them and not sharing user conversations with advertisers.

“A path to generating several billion dollars in ad revenue in 2026, going to $25B+ by 2030, seems reasonable,” Mahaney wrote in a note to investors.

That’s based on the likely scale of ChatGPT by that time, the proven monetization of high-intent performance marketing platforms, and the current size of this market, the analyst added.

OpenAI’s revenue is growing fast already. CFO Sarah Friar said in a recent blog post that the startup’s annualized revenue topped $20 billion in 2025, up from $2 billion in 2023. However, there are big question marks over OpenAI’s losses and whether it can become profitable in the future.

Advertising could be one way for OpenAI to boost its top and bottom lines.

Mahaney noted that Google’s Search and YouTube businesses likely generated close to $300 billion in ad revenue in 2025, with Meta generating an additional $180 billion. These are highly profitable operations, with operating profit margins of 40%, according to the analyst.

ChatGPT has almost 1 billion weekly average users, many of whom share valuable details with the chatbot, such as what they want and need. Advertisers are willing to pay up for access to this treasure trove. This is the type of intent-based information that forms the backbone of the massive digital ad businesses run by Google and Meta.

OpenAI has said that initial test ads will appear at the bottom of ChatGPT answers and be relevant to the user’s conversation with the chatbot. That approach might not be too intrusive for users, while still being attractive to advertisers, Mahaney said.

“OpenAI’s move directly challenges this core revenue stream by offering an alternative, highly engaging platform for users to discover products and services,” Mahaney wrote. “If ChatGPT can successfully integrate ads that are helpful rather than intrusive, it could siphon off valuable commercial queries that traditionally go to Google.”

The analyst also warned that if OpenAI can develop a “conversational” ad format, where users research and discuss potential purchases within ChatGPT, that could prompt advertisers to shift some of their marketing budgets because this is “high-intent engagement.”

Even if ChatGPT goes all-in on ads, though, don’t expect the chatbot to take Google’s share of the market overnight, Mahaney added.

OpenAI will still have to compete with the tech ecosystem that Google has spent years creating, such as its Chrome web browser, as well as web users’ habit of Googling stuff when they need an answer, Mahaney wrote.




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