Posts by Liam Redmond
Median Net Worth Hits $215,900 in the Fed’s New Survey
The Federal Reserve’s latest consumer finance survey, released October 9, puts median family net worth at $215,900. That is a 2% rise from 2022 after adjusting for inflation. First fielded in 1989, the study repeats on a three-year cycle. If you are building a company, this is the closest thing to a national financial report…
Read MoreAI Brand Design Gets Smarter With Magnific One Brand Kits
Magnific launched Magnific One, an image model built for brand workflows, and the Málaga-based company says it adds an art-direction layer before any picture is generated. Reports of the launch appeared on October 8 and 9. It is open to paying subscribers across web, desktop and mobile apps. If you market a small company, you…
Read MoreAI Decision Making Gets Cheap: Microsoft’s New Scoring Model
Microsoft released Microsoft-Decision-1, a small model built to score choices rather than write text, and it is available now in Microsoft Foundry. OpenRouter access is also part of the rollout. The post introducing it is dated October 9. Here is the founder angle. Many of the small calls inside your business, like routing a ticket…
Read MoreSmall Business Cybersecurity Lessons From Japan’s Hacking Wave
Japan is racing to improve its cybersecurity after over 20 large firms reported intrusions in recent weeks, according to a report on October 9 that cited the Financial Times. The companies said customer data may have been exposed on a very large scale, and one leak included a store of photographed driver’s licenses. Running a…
Read MoreRobotics Funding Surges: What Mecka’s $60M Round Teaches Founders
Mecka raised a $60 million round to build the human-motion data that teaches robots how to move, with Sequoia Capital leading the deal. NVIDIA, Microsoft’s M12, Qualcomm Ventures and Samsung joined in, and founder Josh Gao announced the funding on October 7. Here is why that matters if you are building anything. The money is…
Read MoreCracks grow across the AI trade as memory-chip stocks tumble
Published Tue, Oct 13, 2026 · 08:11 PM THE global artificial intelligence trade is coming under increasing pressure, with a deepening sell-off in chip stocks instilling fresh doubts about the sustainability of one of the most powerful investment themes of recent years. Shares tied to the AI boom have been hit as concerns over intensifying…
Read MoreVisa approved to prepare domestic payments business in China
Visa’s clearance will allow it to operate in China’s US$144 trillion payments market Published Tue, Oct 13, 2026 · 02:44 PM VISA received approval to begin preparations to establish a domestic bank card clearing business in China, as the firm follows rivals Mastercard and American Express in serving the country’s massive payments market. “We greatly…
Read MoreDodgers having ‘conversation’ to bench Shohei Ohtani amid slump, inury woes in NLCS
The Los Angeles Dodgers are facing a 0-2 deficit in the NLCS and could do the unthinkable. According to Ken Rosenthal and Katie Woo of The Athletic, manager Dave Roberts is considering benching Shohei Ohtani, who is in the midst of an egregious slump. “Yeah I mean obviously it hasn’t been good,” Dodgers manager Dave…
Read MoreAEM shares down 6% as global chip stocks slide
[SINGAPORE] AEM shares fell as much as 6 per cent on Tuesday (Oct 13) after Chinese memory maker CXMT said that it had made progress on a memory chip design capable of storing more data. The counter dipped as low as S$10.14 at 10.05 am, retreating S$0.65 from its Monday close. Its fall mirrored a…
Read More‘Wasting money, spending tokens’: Companies still in search of AI use cases with worthwhile ROI, says Broadcom’s Hock Tan
Both he and Intel CEO Tan Lip-Bu suggest that capital could be AI’s next biggest bottleneck [SINGAPORE] Most companies are still trying to arrive at use cases for artificial intelligence (AI) that generate a return on investment, Broadcom’s CEO Hock Tan said on Monday (Oct 12). While these companies have adopted AI in some form…
Read MoreHSBC moves to Wall Street bonus model, cuts fixed-pay deals
The overhaul is part of a broader restructuring since Georges Elhedery took over as CEO Published Mon, Oct 12, 2026 · 10:26 PM HSBC will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch…
Read MoreSingapore shares rise as banks rebound after sell-off; STI up 0.3%
The gains follow a sharp retreat in the previous week, when the blue-chip index fell 4.1% Published Mon, Oct 12, 2026 · 06:32 PM [SINGAPORE] Singapore shares ended higher on Monday (Oct 12), as the Republic’s banks began to recover from the previous week’s sell-off. The benchmark Straits Times Index (STI) gained 0.3 per cent…
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