ITC Foods Expands into Fresh Packaged Foods to Capture Quick Commerce Growth in India Summary ITC Foods is moving into the fresh packaged food segment — think short shelf-life cookies, cakes and chapatis — using its Sunfeast and Aashirvaad brands to tap rapid growth in quick commerce. The company plans hyper-local, small-batch production across urban […]
Scale AI lost its focus on product, says Mercor’s CEO Summary Mercor cofounder and CEO Brendan Foody told the 20VC podcast that Scale AI, while strong on distribution and sales under former CEO Alexandr Wang, ‘lost the focus on product’ — specifically on scaling and maintaining data quality. Foody contrasted Mercor’s high pay and elite […]
Microsoft is close to getting a giant new equity stake in OpenAI. It could be worth at least $150 billion. Summary Microsoft is poised to receive a very large new equity stake in OpenAI after the startup said it will restructure into a for-profit public benefit corporation. The shift creates tradable stock and clears the […]
What the likely first rate cut of 2025 means for Americans Summary The Federal Reserve is widely expected to announce its first interest-rate cut of 2025 at its September meeting, after months of cooling job growth, a slight rise in unemployment and inflation that has crept up again. Markets are pricing in a near-certain cut, […]
OpenAI hires xAI’s former finance chief Summary OpenAI has hired Mike Liberatore, who briefly served as chief financial officer at Elon Musk’s xAI, as a senior finance executive. Liberatore will report to OpenAI CFO Sarah Friar and work closely with Greg Brockman’s team on contracts and the company’s compute strategy. His arrival follows a short […]
Defence Tech Companies Are Courting Fans With Merch and Vibes Summary Companies such as Anduril, Palantir and startups like Allen Control Systems are turning branded clothing and limited-run items into a cultural play — selling cheeky, meme-friendly merch that doubles as marketing, recruitment and PR. Author style: Punchy — this piece shows how a once-taboo […]
A Goldman partner on getting sidelined Summary Sara Naison-Tarajano, a partner at Goldman Sachs and global head of private wealth management capital markets (and head of Goldman Sachs Apex), credits competitive sport for shaping her Wall Street career. A defining childhood episode — nearly being forced off a boys’ basketball team in Park Slope — […]
Jeni’s Splendid Ice Creams to open franchised locations Summary Jeni’s Splendid Ice Creams is recruiting franchisees for the first time, aiming to open franchised scoop shops in the Midwest and the Southeast — regions where it already runs company-owned stores. The company operates about 90 scoop shops today and plans a careful rollout, supporting an […]
I’m Done Being a Girlboss. I Was Chasing a Goal That Wasn’t Mine. Summary Henley Carr, a 28-year-old advertising professional, recounts shifting her life priorities from career ambition to motherhood. Once driven by male validation, a high-paying director role and the identity of being the primary breadwinner shaped her sense of self. After a miscarriage […]
Getting laid off from tech broke my heart. A job seeker support group helped me bounce back with a senior Fortune 100 role. Summary Amy Ma, a data scientist in her 30s from New Jersey, was laid off while five months pregnant. After giving birth she joined an online “job search council” inspired by Phyl […]
