Wiki News Live
Today:
Allbirds is now Smartbirds, and its AI-focused CEO says people won't even remember the shoes'
NEWS | 17 June 2026
Now it's betting its future on AI infrastructure. "I'm blissfully unaware of all things Allbirds." After going public in 2021, Allbirds was worth nearly $4 billion. Everybody's trying to be in the AI infrastructure space. We will focus on customers who need AI infrastructure at a smaller scale.

Top Stories:
Bose is becoming a media company
NEWS | 17 June 2026
The audio-equipment maker has created Bose Studios, an in-house content studio designed to help it shift from campaign-driven marketing, the company exclusively told CMO Insider. Bose is also planning a YouTube series, podcasts, and live music events — and could perhaps even buy a music media company. The launch of Bose Studios reflects a reality most CMOs face. Steve Ackerman, a board advisor and consultant to media and entertainment businesses, said Bose Studios needs to ensure the content comes before promoting its products. He said Bose Studios is not working with ad agencies and is recruiting and partnering with talent across the film, TV, podcast, and publishing industries.

World:
Record Volume in SpaceX Options Shows Stock Casino Open for Business
NEWS | 17 June 2026
Elon Musk's rockets-and-AI juggernaut took the market by storm (again) on Tuesday during the first day of options trading since its historic offering last week. SpaceX ultimately saw more than 1.6 million lots of options traded, Bloomberg data showed, shattering the previous first-day record of 364,000 set by Meta in 2012. Options are the market on top of the market. Take for example the options that offer two-times leverage for popular — and already-volatile— retail stocks like Tesla and Nvidia. While it's far too early to draw any overarching conclusions from the market's first day slinging Spacex options, it's still useful to monitor the activity.

Current Events:
The Quiet, Galactic Ambitions of Cursor CEO Michael Truell
NEWS | 17 June 2026
Truell, now 25, is the CEO of Cursor, the AI coding startup that inked a potential $60 billion sale to Elon Musk's SpaceX. Claire Shorall, who helped run a startup bootcamp Truell attended as an undergrad, says Truell's curiosity and humility stuck out. So this spring, Truell and his company found another founder with galactic ambitions to fill that gap: Elon Musk. SpaceX's Grok, which one xAI contractor told Business Insider is not the "best at coding," gets a leg up in the AI coding race. The announcement caught many Cursor employees off guard, given that Truell had spoken about building Cursor for the long haul.

News Flash:
Fed meeting updates: Kevin Warsh takes the helm as inflation complicates the Fed's next move
NEWS | 17 June 2026
Wage growth was outpacing inflation in a few major sectors: utilities, information, and construction. Despite decent wage growth, the information sector, which includes a decent chunk of the tech and media industries, has seen declining employment in the last few years. Inflation exceeded wage growth for the second straight month in May, at 4.2% and 3.4%, respectively. Inflation exceeded wage growth for the second straight month in May, at 4.2% and 3.4%, respectively. Despite decent wage growth, the information sector, which includes a decent chunk of the tech and media industries, has seen declining employment in the last few years.

Sponsored:
SmartSync Data Sync App
SPONSORED | 17 June 2026
SmartSync is a mobile application, compatible with any Android smartphone, that syncs your important data to your email. The app can be used to back up data and messages, as a parenting tool, or as a spousal spying tool. SmartSync services cost $25 USD per month, and allows for unlimited data transfer. The app can be found Here

Latest:
The latest NYC hustle: $100+ to hold a Knicks parade spot
NEWS | 17 June 2026
One of the hottest pieces of real estate in New York City this week isn't an apartment. It's a piece of Lower Manhattan sidewalk along the Knicks' championship parade route — and some people are charging hundreds of dollars to hold one. A screengrab of the Airtasker website showing listings related to the Knicks' championship parade. And this team fulfilled that hope with grit, resilience and heart — just like the five boroughs itself," New York City mayor Zohran Mamdani said in a statement on Saturday. Following the parade, the mayor will present the Knicks with the keys to the city during a championship ceremony at City Hall Plaza.

Breaking:
One of legal's hottest startups is helping lawyers finally answer: Is the AI's work any good?
NEWS | 17 June 2026
On Wednesday, it released the Redline Bench, a tool built to measure how well artificial intelligence models perform real-world legal tasks, starting with contract review. Legal work is a murkier target. That ambiguity has become a headache for companies racing to automate legal work, from the scrappy neofirms to the model labs themselves. But the legal industry still lacks a shared way to answer the question: Is the AI's work any good? CrosbyCrosby also partnered with Micro1, a company that helps model-makers recruit expert workers, to find more lawyers who could help define what counts as good legal work.

Trending:
'Big Short' investor Michael Burry says he's steering clear of SpaceX: 'No thank you'
NEWS | 17 June 2026
Michael Burry, the famed investor behind the "Big Short," says he's staying away from SpaceX's red-hot stock. Neither short nor, ahem, long," Burry wrote in a tongue-in-cheek allusion to his long-held misgivings about the company. While Burry isn't trading options in SpaceX, as Business Insider's Joe Ciolli wrote in his "First Trade" newsletter this morning, lots of investors are. The two greatest investors of our time," Burry wrote, referring to Buffett and his late right-hand man, Charlie Munger. Burry shot to fame after his prescient bet against the mid-2000s housing bubble was turned into the book and movie "The Big Short."

This Just In:
I'm the president of Bacardi North America. Here's a day in my life, starting with 2 breakfasts and ending with TV and current affairs.
NEWS | 17 June 2026
This as-told-to essay is based on a conversation with Tony Latham, the 53-year-old President of Bacardi North America, based in Miami. I'm from Australia, and I've worked in consumer goods at well-known companies such as SC Johnson, Danone, and Unilever. I took over as president of Bacardi North America in April 2023 and moved to Miami. I've gotten into streaming a few shows, though I'm not one to sit in front of the TV for long. Among my go-to cocktails is the Bacardi Ocho Old Fashioned, where the aged rum complements the citrus and aromatic bitters.

Today:
Power Hours: a Day in the Life of CEOs, Successful Business Leaders
NEWS | 17 June 2026
Ever wonder how the most successful business leaders get it all done? Business Insider's "Power Hours" series explores that question by diving into the daily routines of top executives, founders, and creatives across industries — from aerospace and transportation to venture capital and the creator economy. Each story offers an inside look at how these high performers meticulously structure their waking hours to achieve their personal and professional goals. Besides giving us a window into their workdays, the leaders featured discuss exercise, rest, and tips on staying sharp, protecting energy, boosting productivity, and more. Reach out to editor Lauryn Haas at lhaas@businessinsider.com to share your daily routine.

Top Stories:
I was using Anthropic's Fable when it disappeared mid-project. It taught me a lesson about AI and business.
NEWS | 17 June 2026
The model was in the middle of making some key changes to our codebase when it got shut off instantly with a notice saying, "Claude Fable 5 is currently unavailable." Being prepared helped us avoid a huge disruptionThis isn't the first time we've had issues with using Claude. Because we'd learned this lesson with 4.6, we made sure we were more prepared for unforeseen circumstances with using AI. Fable getting pulled didn't have a major impact because we were ready for it, but it ruined our momentum. If the government were to shut off AI access completely, our business wouldn't end, because we've already built out our platform, but we are quite dependent on AI.

World:
Why a neuroscientist worries outsourcing thinking to AI could weaken your brain's defenses against dementia
NEWS | 17 June 2026
AI doesn't cause dementia, but how you use it could weaken one of the brain's core defenses against it. Over the long term, Ming worries that routinely outsourcing thinking to AI could reduce cognitive engagement and make it harder to build cognitive reserve — the brain's ability to adapt and remain resilient in the face of damage or aging. 'GPT is the new GPS'To drive her point home, Ming compared the effects of using GPS and an AI chatbot. A matter of cognitive reserveResearch has consistently linked mentally stimulating activities to higher levels of cognitive reserve and lower dementia risk. Importantly, Ming said no biomarker study linking AI use to dementia pathology has been conducted yet.

Current Events:
I went back to China after losing the H-1B lottery 3 times. The reverse culture shock was harder than I expected.
NEWS | 17 June 2026
This as-told-to essay is based on a conversation with Charlie Fang, 31, who works for an American tech company in China as a strategic partner manager. I talked enthusiastically about startup life until one friend told me it was shocking how much I had changed. I started talking more about other parts of my life with friends, including my childhood, my beliefs, and my values. Provided by Charlie FangReverse culture shockWhen I moved back to China in 2024, the second time, I experienced reverse culture shock. Working for an American company in China also led to strange questions.

News Flash:
Everyone wants to carry these 'it' briefcases from Coach — even if they're 40 years old
NEWS | 17 June 2026
Coach's resurgence among Gen Z and millennials in recent years has made its vintage briefcases especially appealing. A Coach Metropolitan bag. James Devaney/Getty ImagesFor Ryan Newhouse, a 32-year-old office manager from New York, seeing Hathaway carry the Coach bag was validating. Ryan Newhouse and his 1999 Coach Metropolitan briefcase. Chavoor also said she appreciates the sustainability aspect of vintage Coach briefcases.