Forbes Daily Briefing

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Forbes

The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows.

  1. vor 14 Std.

    Tesla’s Founders Are Backing The Anti-Cybertruck

    Twenty years ago this month, Tesla introduced itself to the world with the electric Roadster, the $100,000 sports car that kickstarted the modern EV era. Now the company’s two original founders are betting on TELO, an EV startup with an aesthetic rebuttal to Tesla’s brutalist Cybertruck swagger. Rather than start with another compact crossover chasing Tesla’s top-selling Model Y, San Carlos, California-based TELO – located in the same Silicon Valley office park where Tesla was headquartered when it launched the Roadster – is coming to market with a whimsical truck roughly the size of a MINI Cooper. Priced from $41,520, the MT1 looks like something from the world of Japanese anime, with none of the militaristic menace of Tesla’s pickup. But TELO is borrowing one important page from Tesla’s original playbook: start small and build slowly. CEO and cofounder Jason Marks told Forbes the company initially plans to make just 500 units, and then scale up to a 5,000-vehicle-per-year run rate after a year or so. And even at that relatively low volume, he thinks the company can turn a profit.  By Alan Ohnsman, Senior Editor Learn more about your ad choices. Visit megaphone.fm/adchoices

    Tesla’s Founders Are Backing The Anti-Cybertruck

  2. vor 1 Tag

    Axon Says AI Police Reports Save Time. Public Records Show They Get Facts Wrong

    In Lafayette, Indiana, a small city with a population of just over 70,000, the local police force decided to try out a new AI tool sold by law enforcement tech giant Axon, the company with a $35 billion market cap best known for making the Taser. Called Form One, it promised to save officers time by listening to the audio from their body cameras, then filling out the administrative details of a police report: officers and citizens’ names, ID documentation, license plates and other vehicle information. For Lafayette’s captains who’d worked closely with Axon on previous AI projects, it seemed like a no-brainer. But after seven months of testing the technology, many of Lafayette’s officers found the tool was wasting time, not saving it. “I know it doesn't save me time and I know it has inaccuracies that I will have to edit,” wrote one officer in a cache of emails obtained by Forbes via public records request. Form One struggled to record the right names or car plates, even when they were clearly stated in the camera footage, according to other emails. One cop said a simple form that used to take 30 seconds to fill out manually now takes three minutes with Form One because there are so many errors. “Form One dramatically increases the time it takes to finish reports,” he wrote to a colleague. By Thomas Brewster Learn more about your ad choices. Visit megaphone.fm/adchoices

  3. vor 2 Tagen

    AI Startups Are Pivoting From Flashy Demos To Tech That Pays The Bills

    In early 2023, Keith Peiris’s AI-powered presentation startup Tome was growing quickly. It had become the fastest productivity tool to reach 1 million users, Forbes reported at the time, a number that eventually climbed to 25 million. He raised $80 million from top Silicon Valley investors like Lightspeed Venture Partners, Coatue, Greylock and billionaire Reid Hoffman. But by late 2024, Peiris realized he was building the wrong company.  It turned out that most people didn’t want to pay for its tools, which generated beautiful slides within minutes. Tome’s users, mainly students and small business owners, were largely on free plans or paying $10 monthly subscriptions—not nearly enough to sustain the business. And the startup couldn’t quite crack the market for professionals like marketers and salespeople because it wasn’t connected to their data and did not have the context needed to make good presentations. Users were still growing, but the company’s annual revenue plateaued at around just $3 million.  “Being frank about Tome, our technology thesis and our cultural thesis was very immature,” Peiris admits now. By Rashi Shrivastava, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    AI Startups Are Pivoting From Flashy Demos To Tech That Pays The Bills

  4. vor 3 Tagen

    American Open-Source Labs Think They Can Beat China’s Best AI Startups

    Back in October 2024, Poolside was an early AI star. Cofounded by former Github CTO Jason Warner, the startup had raised $500 million on a $3 billion valuation to build coding agents for governments and large companies. But over the next 18 months, Poolside largely disappeared from view, while OpenAI and Anthropic ballooned to nearly trillion-dollar valuations with a crop of Chinese labs building open source models nipping at their heels.  Now Poolside is back with a new model called Laguna that on public benchmarks beats its American and Chinese open source competition — with the very notable exception of Chinese lab Moonshot’s latest AI model, Kimi K3.  "As an American company building for the West, we'll be the most capable open model in the West,” Warner, Poolside’s co-CEO and cofounder, tells Forbes. “Globally, in this weight class of the 118 billion parameter model, we are the leader.” Warner claims that the startup spent those 18 months where it went quiet building the infrastructure for a “model building factory” that could pump out Laguna and continue with new and more powerful iterations every five weeks. "The classic notion of model building is an artisanal process…We've built an industrial model-building process,” he says. By Iain Martin, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    American Open-Source Labs Think They Can Beat China’s Best AI Startups

  5. vor 4 Tagen

    MLS Is Banking On A World Cup Boost. Investors Aren’t So Sure.

    As the final minutes ticked away in a disappointing 4-1 loss to Belgium on July 6 that knocked the U.S. men’s national team out of the World Cup, Fox play-by-play announcer John Strong made a direct plea to his television audience of 30 million Americans. “If you’ve enjoyed what you’re seeing, well, support your local team,” Strong said from Seattle’s Lumen Field, packed with a sellout crowd of 66,925—more than double the average attendance of 31,000 across the Seattle Sounders’ first six Major League Soccer games this season at the same stadium. “This doesn’t have to be the last soccer you watch for the last four years. It’s a beautiful sport.” Often an afterthought both among top-tier global soccer leagues and in the U.S. professional sports scene, MLS has long viewed this summer’s World Cup on U.S. soil as an inflection point for a new phase of growth, with help from Lionel Messi, the biggest star in the league’s history. On Sunday, the 39-year-old superstar will lead Argentina into the World Cup final against Spain while seeking to lock up the Golden Boot as the tournament’s top scorer. On Wednesday, Messi’s Inter Miami will restart its season after MLS’s seven-week World Cup break. By Hank Tucker, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    MLS Is Banking On A World Cup Boost. Investors Aren’t So Sure.

  6. vor 5 Tagen

    Peptides May Soon Be Legal. These Companies Are Ready To Cash In

    With the FDA panel that’s considering whether to recommend legal production of seven peptides meeting on Thursday and Friday, Shaun Noorian had planned to be at its Maryland campus in person. Ahead of the panel, Noorian, the founder and CEO of Houston-based Empower Pharmacy, one of the nation’s largest compounding pharmacies, told Forbes, “I wouldn’t miss it for the world. The who’s who of the peptide space will be there.” Hundreds of others had been expected to jam into the room as well, including compounders, telehealth founders and longevity influencers. While these peptides are currently not legal to produce for anything other than “research purposes,” that hasn’t stopped a booming gray market from exploiting that loophole. There’s little scientific data on their safety and efficacy, and the many sketchy sellers who distribute them operate with no oversight. Still, the illicit peptide market could be worth an estimated $3 billion. Silicon Valley bros, longevity medics and MAHA believers take them, while wellness influencers promote their “peptide stacks” online to speed recovery or improve sleep. Health and Human Services Secretary Robert F. Kennedy Jr. is a self-described “big fan of peptides,” as he told podcaster Joe Rogan in February. By Amy Feldman Learn more about your ad choices. Visit megaphone.fm/adchoices

  7. vor 5 Tagen

    MLS Is Banking On A World Cup Boost. Investors Aren’t So Sure.

    As the final minutes ticked away in a disappointing 4-1 loss to Belgium on July 6 that knocked the U.S. men’s national team out of the World Cup, Fox play-by-play announcer John Strong made a direct plea to his television audience of 30 million Americans. “If you’ve enjoyed what you’re seeing, well, support your local team,” Strong said from Seattle’s Lumen Field, packed with a sellout crowd of 66,925—more than double the average attendance of 31,000 across the Seattle Sounders’ first six Major League Soccer games this season at the same stadium. “This doesn’t have to be the last soccer you watch for the last four years. It’s a beautiful sport.” Often an afterthought both among top-tier global soccer leagues and in the U.S. professional sports scene, MLS has long viewed this summer’s World Cup on U.S. soil as an inflection point for a new phase of growth, with help from Lionel Messi, the biggest star in the league’s history. On Sunday, the 39-year-old superstar will lead Argentina into the World Cup final against Spain while seeking to lock up the Golden Boot as the tournament’s top scorer. On Wednesday, Messi’s Inter Miami will restart its season after MLS’s seven-week World Cup break. By Hank Tucker, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    MLS Is Banking On A World Cup Boost. Investors Aren’t So Sure.

  8. vor 6 Tagen

    The World’s Largest Fast-Food Franchisee Is Still Hungry For More

    For the past decade, Greg Flynn has been America’s largest franchisee, and now he is the largest in the world. But he has a voracious appetite for more.  “The dream here is to create a global business with operating capabilities and success beyond what the world has seen,” says Flynn, the 62-year-old CEO and founder of Flynn Group and Flynn Properties. “Operating businesses, especially consumer-facing ones, are really hard. If you can do it well consistently, over multiple brands and multiple geographies and multiple industries, that is a valuable and defensible thing to do.” Over the past three decades, he has doubled down on fast food franchises again and again. With $5 billion in annual revenue from more than 3,000 franchises of Applebee’s, Taco Bell, Panera, Arby's, Pizza Hut, Wendy’s and now Planet Fitness in 44 states as well as Australia and New Zealand, Flynn’s portfolio is more than double the size of the next biggest franchisee.  Forbes estimates Flynn has about 25% ownership with some $2.5 billion in loans and over $100 million in cash on hand. At a valuation Forbes estimates of $5 billion, that means Flynn is worth an estimated $650 million. (Flynn declined to comment.) By Chloe Sorvino, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

    The World’s Largest Fast-Food Franchisee Is Still Hungry For More
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The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows.

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  • Kanal
    Forbes
  • Erstellt von
    Forbes
  • Jahre aktiv
    2024 - 2026
  • Folgen
    13
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    © Forbes Media LLC

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