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		<title>6 years of jersey design, 4 years of prep, 4 weeks of games: Execs at U.S. Soccer and Nike know how much this World Cup means &#124; Fortune</title>
		<link>https://lsd.hu/6-years-of-jersey-design-4-years-of-prep-4-weeks-of-games-execs-at-u-s-soccer-and-nike-know-how-much-this-world-cup-means-fortune/</link>
		
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		<pubDate>Tue, 02 Jun 2026 01:32:56 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://lsd.hu/6-years-of-jersey-design-4-years-of-prep-4-weeks-of-games-execs-at-u-s-soccer-and-nike-know-how-much-this-world-cup-means-fortune/</guid>

					<description><![CDATA[With less than two weeks until kickoff, the 2026 World Cup—co-hosted by the U.S., Canada, and Mexico—has not been without some headaches, including sky-high ticket prices and unfilled hotel reservations. But for Nike and U.S. Soccer, the focus has been purely on putting the national team in position to make a deep run on home [&#8230;]]]></description>
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<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2026/06/55307811027_39b613a268_o-e1780360852659.jpg?w=2048" alt="55307811027 39b613a268 o e1780360852659" title="6 years of jersey design, 4 years of prep, 4 weeks of games: Execs at U.S. Soccer and Nike know how much this World Cup means | Fortune 2"></p>
<p>With less than two weeks until kickoff, the 2026 World Cup—co-hosted by the U.S., Canada, and Mexico—has not been without some headaches, including sky-high ticket prices and unfilled hotel reservations. But for Nike and U.S. Soccer, the focus has been purely on putting the national team in position to make a deep run on home soil.</p>
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<p>Speaking at <em>Fortune’s</em> COO Summit in Scottsdale on Monday, Dan Helfrich, COO of the U.S. Soccer Federation, said the team’s jersey alone reflects those stakes. Designed in close collaboration with Nike, it was the result of a six-year process involving supply chains, manufacturing innovation, and, crucially, the players themselves.</p>
<p>“It involved putting our players at the center of it,” Helfrich said. “We actually had two years of focus groups and design sessions with Nike designers and our players—both for the aesthetic look [and] the performance feel.”</p>
<p>Helfrich, the former CEO of Deloitte Consulting, said all the players—which includes star forward <a aria-label="Go to https://www.nytimes.com/athletic/7322688/2026/05/31/christian-pulisic-goal-usmnt-senegal-world-cup-milan-drought/" href="https://www.nytimes.com/athletic/7322688/2026/05/31/christian-pulisic-goal-usmnt-senegal-world-cup-milan-drought/" target="_blank" rel="noreferrer noopener">Christian Pulisic</a>—have described it as the best-looking and best-feeling jersey they’ve worn.</p>
<p>“You’re looking for an advantage,” he said. “The margins are very thin on the field… that kit holds in its performance feel, but also the energy it’s giving our players, because they like the way they look. We believe it’s a real advantage.”</p>
<h2 class="wp-block-heading">Nike used obsessive procession to design jerseys for 18 soccer federations, including the U.S.</h2>
<p>For Nike, which outfits 18 national soccer federations—including also France, Croatia, and China—the World Cup is an operational challenge measured in Olympic-scale complexity.</p>
<p>Venkatesh Alagirisamy, Nike’s executive vice president and chief operating officer, described the undertaking as years of preparation for a tournament that lasts only weeks.</p>
<p>“It takes four years of preparation to execute four weeks of World Cup games to leave a lasting impression for the next four years,” Alagirisamy said on the <em>Fortune</em> panel titled “Game On: The Operational Engine Behind the World Cup.”</p>
<p>This year, heat became a central design challenge amid concerns the 2026 tournament could become one of the hottest World Cups on record.</p>
<p>Nike’s solution relied on computational modeling to determine exactly where airflow vents should sit and how they should be structured to cool athletes most effectively. The jerseys are built with custom knit materials and engineered yarn designed to sit slightly off the skin, creating channels for air flow. According to Alagirisamy, the result is roughly double the ventilation of a conventional jersey.</p>
<p>“That’s the level of obsession that we put in place as we think about these games,” Alagirisamy said.</p>
<h2 class="wp-block-heading">How U.S. soccer is using AI to find its next World Cup-ready stars</h2>
<p>Looking beyond the tournament itself, Helfrich said a central part of his mission is ensuring the World Cup-inspired soccer obsession doesn’t become a “fleeting moment” — but instead serves as a broader jumpstart for the sport across the country.</p>
<p>“We feel a deep responsibility. We are a nonprofit that is charged with growing the game, making the game safe, making the game more affordable and accessible to people in every community in America,” he said.</p>
<p>U.S. Soccer is increasingly using AI to identify American-eligible players competing in leagues around the world—a talent pool traditional scouting methods have historically struggled to reach. On any given day, he estimated, between 50 million and 70 million boys and girls are playing soccer globally. Many may qualify to play for the U.S., but scouting them manually is nearly impossible.</p>
<p>“Historically, how do you get your scouts, your humans, to all of those places? You can’t,” he said. “So automatically you’re excluding 99-and-a-half percent of people.” </p>
<p>As video availability expands across youth sports and AI tools improve, Helfrich said U.S. Soccer increasingly sees a future where nearly every game played by an eligible athlete can be analyzed. Models can be trained to identify positional traits and performance indicators, surfacing prospects regardless of where they play.</p>
<p>But he was careful not to declare the human scout obsolete. </p>
<p>“There’s other stuff we care about that we can’t train AI on yet,” Helfrich said. “What’s the tone of voice of a player to a teammate when the teammate makes a mistake? What’s the body language when the team goes up or goes down? And how does it evolve?” </p>
<p>The future, he said, is unambiguously a humans-and-machines model—and one he finds genuinely energizing: “In my old job I had a lot of examples that weren’t as fun. This one is a fun one to relate to.”</p>
<p>The World Cup opens June 12. The U.S. men’s national team will face Paraguay that same day in Inglewood, California.</p>
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		<title>Apple stages sharpest rally in 9 months as execs cite iPhone, Mac demand in boosting guidance</title>
		<link>https://lsd.hu/apple-stages-sharpest-rally-in-9-months-as-execs-cite-iphone-mac-demand-in-boosting-guidance/</link>
		
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		<pubDate>Fri, 01 May 2026 16:56:42 +0000</pubDate>
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					<description><![CDATA[CHENGDU, CHINA &#8211; MARCH 18: Apple CEO Tim Cook attends a special event marking Apple&#8217;s 50th anniversary at the Apple Taikoo Li Chengdu store on March 18, 2026 in Chengdu, Sichuan Province of China. VCG &#124; Getty Images Apple shares jumped more than 4% on Thursday, headed for the sharpest rally since August, after the [&#8230;]]]></description>
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<p>CHENGDU, CHINA &#8211; MARCH 18: Apple CEO Tim Cook attends a special event marking Apple&#8217;s 50th anniversary at the Apple Taikoo Li Chengdu store on March 18, 2026 in Chengdu, Sichuan Province of China.</p>
<p>VCG | Getty Images</p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Apple<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> shares jumped more than 4% on Thursday, headed for the sharpest rally since August, after the iPhone maker reported better-than-expected quarterly results and issued revenue guidance for the current period that sailed past analysts&#8217; estimates. </p>
<p>CEO Tim Cook, who is preparing to step down in September after 15 years at the helm, touted the company&#8217;s performance in the face of significant supply constraints due largely to the global memory crunch. </p>
<p>The company said revenue in the fiscal third quarter, which ends in June, will increase between 14% and 17% from a year earlier, while analysts were projecting growth of 9.5%. Apple is seeing continued demand from the iPhone 17 family, which Cook called the &#8220;most popular lineup in our history,&#8221; as well as for a number of Mac models. </p>
<p>In March, Apple released a lower-cost computer called the MacBook Neo, and Cook said late Wednesday that customer response &#8220;has just been off the charts, with higher-than-expected demand.&#8221;</p>
<p>Analysts sought clarity from Cook, who said the company would &#8220;look at a range of options&#8221; to address soaring memory costs, a trend the CEO only sees intensifying. Investors didn&#8217;t get a lot of answers, but were mostly unconcerned. </p>
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<p>&#8220;That does create some risk, but after last night&#8217;s results, we feel much better about Apple&#8217;s ability to manage margins&#8221; than previously expected, wrote analysts at Morgan Stanley, in a note to clients on Friday. &#8220;It&#8217;s the single-greatest source of our estimates moving higher post-earnings.&#8221;</p>
<p>The analysts, who recommend buying the stock, lifted their earnings per share projection for the fiscal year to $8.89 from $8.63. </p>
<p>Prior to the bullish guidance issued on the earnings call, Apple reported a revenue and earnings beat for the fiscal second quarter. Revenue climbed 17% to $111.18 billion from $95.4 billion a year earlier. Analysts were expecting sales of $109.66 billion, according to LSEG. </p>
<p>The company topped estimates for Mac revenue, iPad revenue and services, but came up short on iPhone sales. Apple has continued to generate profit growth as it bolsters its services business, which comes with much higher margins than hardware. </p>
<p>Services revenue in the quarter rose about 16% to $30.98 billion from $26.65 billion a year ago. Apple uses its massive customer base — and a total of over 2.5 billion active devices on the market — to sell subscriptions to entertainment services, as well as to services for Apple Pay, iCloud and AppleCare.</p>
<p>Long stuck in the high 30s, Apple&#8217;s gross margin has been steadily moving up in recent years, reaching 49.3% in the latest quarter, up from 48.2% in the previous period. For the June quarter, Apple said its gross margin will be between 47.5% and 48.5%.</p>
<p>KeyBanc analysts, who have the equivalent of a hold rating on the stock, said Apple&#8217;s margin forecast is &#8220;not showing the expected memory price crunch.&#8221;</p>
<p><strong>WATCH:</strong> Mizuho&#8217;s Jordan Klein on new Apple CEO</p>
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		<title>Apple execs to talk China and tariffs, but will avoid discussing foldable iPhone, per traders on Kalshi</title>
		<link>https://lsd.hu/apple-execs-to-talk-china-and-tariffs-but-will-avoid-discussing-foldable-iphone-per-traders-on-kalshi/</link>
		
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		<pubDate>Thu, 30 Apr 2026 18:31:41 +0000</pubDate>
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					<description><![CDATA[Tim Cook and John Ternus at Apple Park. Courtesy: Apple On Apple&#8217;s first earnings call since the company announced its planned C-suite changes, traders on Kalshi think the company may discuss its creator studio, streaming platform and a fellow megacap tech company&#8217;s artificial intelligence model.  Apple is set to report earnings after the bell on [&#8230;]]]></description>
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<p>Tim Cook and John Ternus at Apple Park.</p>
<p>Courtesy: Apple</p>
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<p>On <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Apple&#8217;s<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> first earnings call since the company announced its planned C-suite changes, traders on Kalshi think the company may discuss its creator studio, streaming platform and a fellow megacap tech company&#8217;s artificial intelligence model. </p>
<p>Apple is set to report earnings after the bell on Thursday, just over a week since the company announced that longtime CEO Tim Cook will be leaving in September and replaced by senior vice president of hardware engineering John Ternus. </p>
<p>Traders think it&#8217;s almost certain that the company will mention on its earnings call China and tariffs, placing <a href="https://kalshi.com/markets/kxearningsmentionaapl/apple-earnings-mention/kxearningsmentionaapl-26apr30" target="_blank" rel="noopener">odds at 98%</a> and 96%, respectively. But there are other topics that traders are more divided on. </p>
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<p>But traders are more uncertain on other topics. </p>
<p>Google&#8217;s artificial intelligence model Gemini has a 27% chance to get mentioned. Apple has a deal with Google to implement the model into its Apple Intelligence features, but Apple is also widely viewed by Wall Street as the biggest tech laggard on AI development. </p>
<p>Meanwhile, traders mostly think the company won&#8217;t chat about glasses, assigning only a 24% chance. Apple has reportedly been working on designing an AI-supported smart glasses product as a new wearable technology for quite some time, but has yet to make a formal announcement of the development. </p>
<p>Traders also give just a 9% chance the company says fold, folding or foldable. That&#8217;s after a report this month that the timeline for the development Apple&#8217;s proposed foldable iPhone is delayed. However, a Bloomberg report indicates a planned fall 2026 launch is still on schedule.  </p>
<p><em>Disclosure: CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment.</em></p>
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		<title>Palantir is trying to &#8216;destroy&#8217; Percepta through legal action, startup&#8217;s execs say in filing</title>
		<link>https://lsd.hu/palantir-is-trying-to-destroy-percepta-through-legal-action-startups-execs-say-in-filing/</link>
		
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		<pubDate>Tue, 13 Jan 2026 23:10:08 +0000</pubDate>
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					<description><![CDATA[Alex Karp, CEO of Palantir, speaking on CNBC&#8217;s &#8220;Squawk Box&#8221; on Nov. 4th, 2025. CNBC Executives of artificial intelligence startup Percepta AI, who were sued last year by Palantir for allegedly stealing confidential information and trying to poach top talent, called the claims an attempt to &#8220;stifle competition.&#8221; &#8220;In truth, Palantir is looking to scare [&#8230;]]]></description>
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<p>Alex Karp, CEO of Palantir, speaking on CNBC&#8217;s &#8220;Squawk Box&#8221; on Nov. 4th, 2025.</p>
<p>CNBC</p>
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<p>Executives of artificial intelligence startup Percepta AI, who were sued last year by <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Palantir<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> for allegedly stealing confidential information and trying to poach top talent, called the claims an attempt to &#8220;stifle competition.&#8221; </p>
<p>&#8220;In truth, Palantir is looking to scare others away from leaving and to destroy Percepta before it can grow further,&#8221; lawyers for the defendants wrote in a filing this week, asking a judge to deny Palantir&#8217;s request. </p>
<p>The defendants also claim that post-employment agreements are &#8220;facially overbroad and unenforceable&#8221; and say Palantir&#8217;s interpretation is meant to &#8220;stifle competition.&#8221;</p>
<p>The <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.652097/gov.uscourts.nysd.652097.33.0.pdf" target="_blank" rel="noopener">lawsuit</a>, originally filed by Palantir in October in the Southern District of New York, accused Percepta co-founder and CEO Hirsh Jain and co-founder Radha Jain of using stolen information to create a &#8220;copycat&#8221; business. Palantir also claimed the founders, who used to work for the data analytics company, attempted to poach talent and &#8220;plunder Palantir&#8217;s valuable intellectual property.&#8221; </p>
<p>Palantir accused a third Percepta employee, Joanna Cohen, of sending herself confidential documents after resigning and photographing sensitive information she downloaded to her personal phone. </p>
<p>Percepta in December denied using any of Palantir&#8217;s confidential information and called the case &#8220;baseless.&#8221;</p>
<p>Attorneys said in Monday&#8217;s filing that in-depth searches did not find any Palantir materials and argued that the screenshots taken by Cohen were done in &#8220;good faith&#8221; to help her complete tasks. They said the materials &#8220;would be useless to Percepta and are by now stale regardless.&#8221;</p>
<p>Palantir declined to comment. </p>
<p><strong>WATCH:</strong> Highlights of DealBook Summit 2025</p>
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		<title>Get ahead of the hiring nightmare in 2026: These are the interview questions execs are currently asking job seekers: “Design a car for a deaf person.” &#124; Fortune</title>
		<link>https://lsd.hu/get-ahead-of-the-hiring-nightmare-in-2026-these-are-the-interview-questions-execs-are-currently-asking-job-seekers-design-a-car-for-a-deaf-person-fortune/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Wed, 07 Jan 2026 10:57:06 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/get-ahead-of-the-hiring-nightmare-in-2026-these-are-the-interview-questions-execs-are-currently-asking-job-seekers-design-a-car-for-a-deaf-person-fortune/</guid>

					<description><![CDATA[It’s no secret that getting a new job is hard, with candidates constantly complaining about the endless hoops that recruiters are making them jump through to prove they’re the perfect match, from endless rounds of interviews to 90-minute tests and presentations.  But for young people in particular, the challenge is even steeper. About a fifth [&#8230;]]]></description>
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<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2026/01/GettyImages-2195491249-e1767718870808.jpg?w=2048" alt="GettyImages 2195491249 e1767718870808" title="Get ahead of the hiring nightmare in 2026: These are the interview questions execs are currently asking job seekers: “Design a car for a deaf person.” | Fortune 8"></p>
<p>It’s no secret that getting a new job is hard, with candidates constantly complaining about the endless hoops that recruiters are making them jump through to prove they’re the perfect match, from endless rounds of interviews to 90-minute tests and presentations. </p>
<div>
<p>But for young people in particular, the challenge is even steeper. About a fifth of Gen Zers worldwide are classified as “NEETs” and are currently locked out of the job market. Last year in the U.K. alone, more than 1.2 million applications were submitted for fewer than 17,000 graduate roles. </p>
<p>Even Goldman economists have admitted Gen Z’s hiring nightmare is real—and it isn’t going away anytime soon. </p>
<p>As millions of Gen Zers face unemployment and entry-level office roles becoming scarcer, hiring managers are being forced to get creative to find the very best candidates. So <em>Fortune</em> has rounded up the curveball make-or-break interview questions now shaping hiring decisions.</p>
<h2 class="wp-block-heading">Do you think we are in an AI bubble?</h2>
<p>Do you think we’re in an AI bubble? Even the experts who’ve predicted past crashes can’t seem to agree. But if you’re looking for a job right now, your opinion on all this could decide whether you get the job. Dave McCann, IBM’s managing partner for EMEA, says he now throws the curveball question in interviews as a make-or-break test.</p>
<p>There’s no right or wrong answer, but actually knowing where you stand could give you an edge and pique the exec’s interest. McCann doesn’t care which side you pick—he cares whether you’ve thought it through.</p>
<h2 class="wp-block-heading">Can you design a car for a deaf person?</h2>
<p>Lyft CEO David Risher likes to ask candidates: “Design a car for a deaf person.” The curveball question may sound unusual, but for Risher, it’s a quick way to “suss out” whether a candidate can put themselves in the shoes of a customer—and he got the idea from his time working with Jeff Bezos. </p>
<p>“I want to see the candidate close their eyes and ears and imagine what that feels like, then be able to describe the experience to me in detail, including what someone in that position might need,” Risher said. “That’s how I know I’ve got someone who can build great customer-obsessed experiences.”</p>
<h2 class="wp-block-heading">Do you have any questions for me?</h2>
<p>The question that turns its head on the interviewee and enables them to put the hiring manager in the hot seat isn’t an unusual one. But for Twilio’s CEO Khozema Shipchandler, it’s what comes next that matters most. </p>
<p>If your answer is a blank stare or “Nope, I’m fine,” consider yourself on thin ice. </p>
<p>“The number one red flag for me is when someone doesn’t ask questions towards the end of an interview,” Shipchandler exclusively told <em>Fortune</em>. “That’s a pretty significant mark against them being curious about what they’re interviewing, the company, the way we might work together, chemistry, culture, all of those things.”</p>
<p>And Denny’s CEO Kelli Valade echoed that it doesn’t really matter what you ask employers at the end of the interview—the fact that you do ask something shows you did your homework, are seriously interested and is a big green flag.</p>
<h2 class="wp-block-heading">Can you start right away?</h2>
<p>Picture this: You’ve spent hours applying for the dream job and sitting through multiple interviews. Finally, you think you’ve won over the hiring manager when they ask, “when can you start?” </p>
<p>You’d be forgiven for thinking the right answer, is “straight away.” After all, you want to seem eager. But Gary Shapiro, the chief executive of U.S. trade association Consumer Technology Association, revealed that he turns candidates down who say they’re available within two weeks. “They don’t get the job, because they’ll treat us the way they treat that former employer.”</p>
<h2 class="wp-block-heading">Other things to look out for: Coffee cup tests, pricey menu items and wait staff</h2>
<p>It’s not just what you say in the interview that could cost you the job. Hiring managers are also watching what you do—as early as when you walk through the revolving doors and great reception. They’re looking at how you treat staff before and after your interview, as well as, what you do with the coffee (or tea) cup you were drinking from. Hint: offering to clean it up will go down will.</p>
<p>Other hiring managers take their prospective new hires out for a lunch interview and watch for whether they season their food before taking a bite. Why? Because putting salt (or anything) on your food before tasting it is the equivalent of judging a book by its cover and apparently, highlights a lack of patience.</p>
<p>That’s not all. They’re also testing you for how quickly you order, whether you wait for others to sit before sitting down to eat, the price of the items you order, and how you treat wait staff.</p>
<p>One consultant even <a aria-label="Go to https://x.com/patricklencioni/status/1236016388491431936" class="" href="https://x.com/patricklencioni/status/1236016388491431936">revealed on X</a> that he knows a CEO who goes as far as taking candidates for breakfast and secretly asking the servers to mess up their order “to see how they’d react.”</p>
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		<title>Procurement execs often don’t understand the value of good design, experts say &#124; Fortune</title>
		<link>https://lsd.hu/procurement-execs-often-dont-understand-the-value-of-good-design-experts-say-fortune/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Mon, 08 Dec 2025 09:25:45 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/procurement-execs-often-dont-understand-the-value-of-good-design-experts-say-fortune/</guid>

					<description><![CDATA[Behind every intricately designed hotel or restaurant is a symbiotic collaboration between designer and maker. But in reality, firms want to build more with less—and even though visions are created by designers, they don’t always get to see them to fruition. Instead, intermediaries may be placed in charge of procurements and overseeing the financial costs [&#8230;]]]></description>
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<p>Behind every intricately designed hotel or restaurant is a symbiotic collaboration between designer and maker.</p>
<div>
<p>But in reality, firms want to build more with less—and even though visions are created by designers, they don’t always get to see them to fruition. Instead, intermediaries may be placed in charge of procurements and overseeing the financial costs of executing designs.</p>
<p>“The process is not often as linear as we [designers] would like it to be, and at times we even get slightly cut out, and something comes out on the other side that wasn’t really what we were expecting,” said Tina Norden, a partner and principal at design firm Conran and Partners, at the Fortune Brainstorm Design forum in Macau on Dec. 2.</p>
<p>“To have a better quality product, communication is very much needed,” added Daisuke Hironaka, the CEO of Stellar Works, a furniture company based in Shanghai. </p>
<p>Yet those tasked with procurement are often “money people” who may not value good design—instead forsaking it to cut costs. More education on the business value of quality design is needed, Norden argued.</p>
<p>When one builds something, she said, there are both capital investment and a lifecycle cost. “If you’re spending a bit more money on good quality furniture, flooring, whatever it might be, arguably, it should last a lot longer, and so it’s much better value.”</p>
<p>Investing in well-designed products is also better for the environment, Norden added, as they don’t have to be replaced as quickly.</p>
<p>Attempts to cut costs may also backfire in the long run, said Hironaka, as business owners may have to foot higher maintenance bills if products are of poor design and make.</p>
<p><strong>AI in interior and furniture design</strong></p>
<p>Though designers have largely been slow adopters of AI, some luminaries like Daisuke are attempting to integrate it into their team’s workflow.</p>
<p>AI can help accelerate the process of designing bespoke furniture, Daisuke explained, especially for large-scale projects like hotels. </p>
<p>A team may take a month to 45 days to create drawings for 200 pieces of custom-made furniture, the designer said, but AI can speed up this process. “We designed a lot in the past, and if AI can use these archives, study [them] and help to do the engineering, that makes it more helpful for designers.” </p>
<p>Yet designers can rest easy as AI won’t ever be able to replace the human touch they bring, Norden said. </p>
<p>“There is something about the human touch, and about understanding how we like to use our spaces, how we enjoy space, how we perceive spaces, that will always be there—but AI should be something that can assist us [in] getting to that point quicker.”</p>
<p>She added that creatives can instead view AI as a tool for tasks that are time-consuming but “don’t need ultimate creativity,” like researching and three-dimensionalizing designs.</p>
<p>“As designers, we like to procrastinate and think about things for a very long time to get them just right, [but] we can get some help in doing things faster.”</p>
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		<title>Coinbase leads $14.6 million investment in stablecoin startup Bastion, founded by former a16z execs &#124; Fortune Crypto</title>
		<link>https://lsd.hu/coinbase-leads-14-6-million-investment-in-stablecoin-startup-bastion-founded-by-former-a16z-execs-fortune-crypto/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Wed, 24 Sep 2025 12:08:48 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/coinbase-leads-14-6-million-investment-in-stablecoin-startup-bastion-founded-by-former-a16z-execs-fortune-crypto/</guid>

					<description><![CDATA[Stablecoin startups continue to rake in cash. The crypto company Bastion announced Wednesday that it had raised $14.6 million in a round led by Coinbase Ventures, the crypto exchange’s venture fund. Bastion is a white label issuer of stablecoins, which are cryptocurrencies pegged to underlying assets like the U.S. dollar. Rather than hire lawyers to [&#8230;]]]></description>
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<p>Stablecoin startups continue to rake in cash. The crypto company Bastion announced Wednesday that it had raised $14.6 million in a round led by Coinbase Ventures, the crypto exchange’s venture fund.</p>
<div>
<p>Bastion is a white label issuer of stablecoins, which are cryptocurrencies pegged to underlying assets like the U.S. dollar. Rather than hire lawyers to secure regulatory licenses and software developers to write code, companies hire Bastion to more easily spin up their own branded stablecoins.</p>
<p>Other participants in the startup’s fundraise included the venture arm of the Japanese tech giant Sony, the venture arm of the South Korean phone maker Samsung, the crypto arm of the venture capital firm Andreessen Horowitz, and the crypto VC Hashed.</p>
<p>Nassim Eddequiouaq, cofounder and CEO of Bastion, declined to specify at what valuation his startup raised the new capital. He and his team raised $25 million in a 2023 <a href="https://www.prnewswire.com/news-releases/former-andreessen-horowitz-executives-launch-bastion-announce-25m-in-seed-financing-301930764.html" target="_blank" rel="noopener" aria-label="Go to https://www.prnewswire.com/news-releases/former-andreessen-horowitz-executives-launch-bastion-announce-25m-in-seed-financing-301930764.html" class="sc-4f49155c-0 hLtviE">seed round</a>. Eddequiouaq and his cofounder Riyaz Faizullabhoy, who has since left the company, were previously executives at Andreessen Horowitz’s crypto arm, and, before that, the pair worked at Meta on the tech giant’s now-scuttled stablecoin project Libra.</p>
<p>“Almost every week, there are some announcements of whatever company launching its branded stablecoin,” Ludovic Copéré, senior investment director at Sony’s venture fund, told <em>Fortune</em>. “We think Bastion is very well positioned to be this kind of glue and enabler for many corporates, many entities to launch, manage, [and] operate their stablecoins.”</p>
<h2 class="wp-block-heading">Stablecoin mania</h2>
<p>Bastion’s fundraise comes as seemingly every crypto and fintech investor throws money at one of the buzziest sectors in Silicon Valley. </p>
<p>Stablecoins, which are designed to stay stable in price, have long been popular among crypto traders, who park their winnings in the tokens after trading more volatile cryptocurrencies like <a href="https://www.binance.com/en/price/bitcoin" target="_blank" rel="noopener" aria-label="Go to https://www.binance.com/en/price/bitcoin" class="sc-4f49155c-0 hLtviE">Bitcoin</a> and <a href="https://www.binance.com/en/price/ethereum" target="_blank" rel="noopener" aria-label="Go to https://www.binance.com/en/price/ethereum" class="sc-4f49155c-0 hLtviE">Ethereum</a>. But, over the past year, stablecoins have broken out into the mainstream, as proponents say they are cheaper and faster alternatives to legacy payments infrastructure.</p>
<p>In February, fintech giant Stripe closed its $1.1 billion acquisition of the stablecoin startup Bridge. In June, the stablecoin issuer Circle went public in a gangbuster IPO. And, in July, President Donald Trump signed into law new legislation that regulates the burgeoning stablecoin industry.</p>
<p>Amid the drumbeat of enthusiasm, a rush of startups have raised new tranches of funds. It’s an increasingly competitive industry, but Eddequiouaq, Bastion’s CEO, isn’t worried. “We are already competing really well today on the marketplace,” he said.</p>
<p>A differentiator between Bastion and its competitors, which include established companies like Paxos and newcomers like Agora, are its suite of stablecoin services, said Eddequiouaq. These include crypto wallets to let customers hold the tokens as well as pathways to convert stablecoins into cash in 70 countries, including the U.S. “We are building the tools that we wish we had when we built the Libra project,” he said, claiming that Bastion’s tool suite outpaces rivals.</p>
<p>While Bastion and its team of 27 employees haven’t been public with what corporations are using its technology to launch stablecoins, Eddequiouaq said he’s “quite excited about the next, let’s say, eight to nine months of the company.”
</p>
</div>
<div data-cy="subscriptionPlea"><strong>On the new Fortune <em>Crypto Playbook</em> vodcast,</strong> <em>Fortune</em>’s senior crypto experts decode the biggest forces shaping crypto today. <a href="https://open.spotify.com/show/2tStnfat13MgArtaGUKfoL?si=7e36ba2228394836&amp;nd=1&amp;dlsi=442dd393125d4e3c" target="_blank" rel="noopener" aria-label="Go to https://open.spotify.com/show/2tStnfat13MgArtaGUKfoL?si=7e36ba2228394836&amp;nd=1&amp;dlsi=442dd393125d4e3c" class="sc-4f49155c-0 hLtviE">Watch or listen now</a></div>
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		<title>Britain at risk of losing ground to rival fintech and crypto hubs, execs warn</title>
		<link>https://lsd.hu/britain-at-risk-of-losing-ground-to-rival-fintech-and-crypto-hubs-execs-warn/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Wed, 30 Apr 2025 05:14:53 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/britain-at-risk-of-losing-ground-to-rival-fintech-and-crypto-hubs-execs-warn/</guid>

					<description><![CDATA[Workers cross a junction near the Bank of England (BOE) in the City of London, UK, on Tuesday, April 8, 2025.  Bloomberg &#124; Bloomberg &#124; Getty Images LONDON — Britain is at risk of losing budding fintech and cryptocurrency entrepreneurs to rival hubs if it doesn&#8217;t address pressing regulation and funding challenges, according to industry [&#8230;]]]></description>
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<p>Workers cross a junction near the Bank of England (BOE) in the City of London, UK, on Tuesday, April 8, 2025. </p>
<p>Bloomberg | Bloomberg | Getty Images</p>
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<p>LONDON — Britain is at risk of losing budding fintech and cryptocurrency entrepreneurs to rival hubs if it doesn&#8217;t address pressing regulation and funding challenges, according to industry leaders.</p>
<p>Several crypto bosses told CNBC this week that the U.K. has created an unfavorable environment for fintech and crypto. They argued that the local regulator takes too strict an approach to registering new firms, and that pension funds managing trillions of pounds are too risk-averse</p>
<p>Whereas a decade ago the U.K. was seen as being at &#8220;the forefront in terms of promoting competitiveness and innovation,&#8221; today things &#8220;have shifted more towards prioritizing safety and soundness to an extent where growth has been held behind,&#8221; according to Jaidev Janardana, CEO of British digital bank Zopa.</p>
<p>&#8220;If I look at the speed of innovation, I do feel that the U.S. is ahead — although they have their own challenges. But look at Singapore, Hong Kong — again, you see much more rapid innovation,&#8221; Janardana told CNBC. &#8220;I think we are still ahead of the EU, but we can&#8217;t remain complacent with that.&#8221;</p>
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<p>Tim Levene, CEO of venture capital firm Augmentum Fintech, said entrepreneurs face challenges attracting funding in the U.K. and could be tempted to start their founding journeys in other regions, like Asia and the Middle East.</p>
<p>&#8220;We&#8217;re scrambling around looking for pots of capital in the U.K., where currently it would be more fruitful to go to the Gulf, to go to the U.S., to go to Australia, or elsewhere in Asia, and that that doesn&#8217;t feel right,&#8221; Levene told CNBC.</p>
<p>Lisa Jacobs, CEO of business lending platform Funding Circle, said that the negative impacts of Brexit are still being felt by the U.K. fintech industry — particularly when it comes to attracting overseas talent.</p>
<p>&#8220;I think it is right that we&#8217;re paranoid about other locations,&#8221; she told CNBC. &#8220;It is right that we are trying to — as an industry, as government — make the U.K. still that great place to set up. We have all the ingredients there, because we&#8217;ve got the ecosystem, we do have this talent setting up new businesses. But it needs to continue. We can&#8217;t rest on our laurels.&#8221;</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>Crypto rules unclear</h2>
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<p>The U.K. is home to a vibrant financial technology sector, with firms like Monzo and Revolut among those scaling to become challengers to traditional banks.</p>
<p>Industry insiders attribute their rapid rise in part to innovation-friendly rules that allowed tech startups to apply for — and secure — licenses to offer banking and electronic money services with greater ease.</p>
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<p>Businesses operating in the world of crypto are frustrated that the same hasn&#8217;t happened yet for their industry.</p>
<p>&#8220;Other jurisdictions have started to seize the opportunity,&#8221; Cassie Craddock, U.K. and Europe managing director at blockchain firm Ripple, told CNBC.</p>
<p>The U.S., for example, has adopted a more pro-crypto stance under President Donald Trump, with the Securities and Exchange Commission dropping several high-profile legal cases against major crypto businesses.</p>
<p>The EU, meanwhile, has led the way when it comes to laying out clear rules for the industry with its Markets in Crypto-Assets (MiCA) regulation.</p>
<p>&#8220;The U.S. is driving global tailwinds for the industry,&#8221; Craddock said, adding: &#8220;MiCA came into force in the EU at the end of last year, while Singapore, Hong Kong and the UAE are moving full steam ahead with pro-industry reforms,&#8221; she added.</p>
<p>The U.K. on Tuesday laid out draft proposals for regulating crypto firms — however, industry insiders say the devil will be in the detail when it comes to addressing more complex technical issues, such as reserve requirements for stablecoins.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"/>Rules on stablecoins unclear</h2>
<div class="group">
<p>One area in particular where fintech and crypto leaders alike want to see more clarity is stablecoins, a type of cryptocurrency whose value is pegged to that of a sovereign currency.</p>
<p>Mark Fairless, CEO of payments infrastructure firm ClearBank, told CNBC that his business has been looking to develop its own stablecoin — but it&#8217;s been held back from launching one because of a lack of regulatory clarity.</p>
<p>Stablecoins are &#8220;part of our medium-term, longer-term strategy,&#8221; Fairless told CNBC. &#8220;We see ourselves well set up for that.&#8221; However, he added that a ClearBank stablecoin will only be possible when there&#8217;s regulatory certainty in the U.K. The startup is awaiting approval from the Bank of England.</p>
<p>Crypto industry insiders also say the FCA has been too restrictive when it comes to approving registrations from digital asset firms. The FCA is the regulator responsible for registering firms that want to provide crypto services within the scope of money laundering regulations in the U.K.</p>
<p>Last year, the watchdog <a href="https://www.fca.org.uk/publication/documents/crypto-roadmap.pdf" target="_blank" rel="noopener">published a roadmap</a> detailing its plan to implement crypto regulation. The roadmap includes a series of discussion papers on topics ranging from stablecoins to crypto lending over the next two years. A full regulatory regime is expected to go live by 2026.</p>
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<p>Another issue faced by crypto companies is that of being &#8220;debanked&#8221; by high street banks, according to Keith Grose, head of U.K. at Coinbase.</p>
<p>&#8220;Debanking is a huge issue — you can&#8217;t get bank accounts if you&#8217;re a company or individual who works in crypto,&#8221; Keith Grose, Coinbase&#8217;s U.K. head, told CNBC. &#8220;You can&#8217;t build the future of the financial system here if we don&#8217;t have that level playing field.&#8221;</p>
<p>A survey by Startup Coalition, Global Digital Finance and the U.K. Cryptoasset Business Council of more than 80 crypto firms published in January found that half were denied bank accounts or had existing ones closed by major banks.</p>
<p>&#8220;I think the U.K. will get it right — but there is a risk if you get it wrong that you drive innovation to other markets,&#8221; Coinbase&#8217;s Grose told CNBC.</p>
<p>&#8220;This is such a fast developing space — stablecoins grew 300% last year. They&#8217;re already doing more volume than Visa and Mastercard,&#8221; he added. &#8220;I think if you deliver smart regulation here, stablecoins can be a foundational part of our payment ecosystem in the U.K. going forward.&#8221;</p>
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		<title>&#8216;Game on&#8217;: Tech execs say DeepSeek ramps up China-U.S. competition but won&#8217;t hurt OpenAI</title>
		<link>https://lsd.hu/game-on-tech-execs-say-deepseek-ramps-up-china-u-s-competition-but-wont-hurt-openai/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Mon, 17 Feb 2025 11:47:56 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/game-on-tech-execs-say-deepseek-ramps-up-china-u-s-competition-but-wont-hurt-openai/</guid>

					<description><![CDATA[Tech bosses largely agree the risk DeepSeek poses to OpenAI remains limited for now. Bloomberg &#124; Bloomberg &#124; Getty Images The technological advances that Chinese artificial intelligence lab DeepSeek have displayed show the game is on when it comes to U.S.-Sino competition on AI, top tech executives told CNBC. In a series of interviews at [&#8230;]]]></description>
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<p>Tech bosses largely agree the risk DeepSeek poses to OpenAI remains limited for now.</p>
<p>Bloomberg | Bloomberg | Getty Images</p>
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<p>The technological advances that Chinese artificial intelligence lab DeepSeek have displayed show the game is on when it comes to U.S.-Sino competition on AI, top tech executives told CNBC.</p>
<p>In a series of interviews at France&#8217;s Artificial Intelligence Action Summit, leaders of several major tech companies told CNBC that the emergence of DeepSeek demonstrates that China can&#8217;t be counted out as a serious player when it comes to AI innovation.</p>
<p>Last month, DeepSeek shocked global markets with a technical paper saying that one of its new AI models was created with a total training cost of less than $6 million — far less than the billions upon billions of dollars being spent by Big Tech players and Western AI labs such as OpenAI and Anthropic.</p>
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<p>Chris Lehane, chief global affairs officer at OpenAI, told CNBC that DeepSeek&#8217;s advanced, low-cost model confirms there is a &#8220;very real competition between U.S.-led, small D democratic AI and CCP [Chinese Communist Party] China-led autocratic, authoritarian AI.&#8221;</p>
<p>Many critics of DeepSeek have pointed to apparent censorship by the model when it comes to sensitive topics. For example, when asked about the 1989 Tiananmen Square massacre, DeepSeek&#8217;s AI assistant app responds with: &#8220;Sorry, that&#8217;s beyond my current scope. Let&#8217;s talk about something else.&#8221;</p>
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<p>&#8220;There&#8217;s two countries in the world that can build this at scale,&#8221; Lehane told CNBC&#8217;s Arjun Kharpal on the sidelines of the Paris AI summit Monday. &#8220;Imagine if there were only two countries in the world that could build electricity at scale. That&#8217;s sort of how you have to think about it.&#8221;</p>
<p>&#8220;For us, what DeepSeek really reinforces and reaffirms is that there is this very real competition with very real stakes,&#8221; Lehane added.</p>
<p>Still, tech bosses largely agreed that even though DeepSeek&#8217;s breakthrough shows China being further along in the global AI race than previously thought, the threat it poses to OpenAI remains limited for now.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>&#8216;The game is on&#8217;</h2>
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<p>DeepSeek says that its new R1 model, an open-source reasoning model, was able to rival the performance of OpenAI&#8217;s own similar o1 model — only using a cheaper, less energy-intensive process.</p>
<p>That led experts to question the prevailing wisdom in the West of the last several years, which is that China is behind the U.S. on AI development because of export restrictions that make it harder for firms in the country to get their hands on more advanced Nvidia graphics processing units, or GPUs.</p>
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<p>GPUs are necessary for training and running AI applications because they excel at parallel processing, meaning they can perform multiple calculations simultaneously.</p>
<p>Reid Hoffman, a co-founder of LinkedIn and partner at the venture capital firm Greylock Partners, told CNBC Monday that DeepSeek&#8217;s new model is &#8220;a big deal in showing that the game is on.&#8221;</p>
<p>&#8220;The competition is afoot with China,&#8221; Hoffman said, adding that DeepSeek&#8217;s R1 is &#8220;a credible, actionable model.&#8221;</p>
<p>Abishur Prakash, founder of strategic advisory firm The Geopolitical Business, told CNBC that DeepSeek shows the West&#8217;s understanding of China remains limited.</p>
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<p>&#8220;America&#8217;s assumed place as the technological captain of the world is no longer the acceptable belief,&#8221; Prakash told CNBC in a phone interview.</p>
<p>&#8220;That is the new status quo now, that the space between the U.S. and China has narrowed almost overnight — but it hasn&#8217;t narrowed overnight, it&#8217;s been years of progress,&#8221; Prakash said.</p>
<p>&#8220;If there&#8217;s one takeaway for the West, it&#8217;s that their understanding of China is incredibly limited — and we don&#8217;t know what&#8217;s coming next,&#8221; he added.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"/>No meaningful threat to U.S. AI — yet</h2>
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<p>Still, leading AI execs aren&#8217;t convinced that DeepSeek poses any sort of meaningful risks to the businesses of AI labs like OpenAI and Anthropic just yet.</p>
<p>While experts on the whole agree DeepSeek&#8217;s AI advances have been impressive, doubts have been raised about the startup&#8217;s claims about cost.</p>
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<p>A report from semiconductor research firm SemiAnalysis last month estimated that DeepSeek&#8217;s hardware expenditure is &#8220;well higher&#8221; than $500 million over the company&#8217;s history. DeepSeek was not immediately available for comment when contacted by CNBC.</p>
<p>The report found that DeepSeek&#8217;s research and development costs and expenses related to ownership are significant and that generating &#8220;synthetic data&#8221; for the model to train on would require &#8220;considerable amount of compute.&#8221;</p>
<p>Some technologists believe that DeepSeek may have been able to achieve such a high level of performance by training its models on larger U.S. AI systems.</p>
<p>This technique, known as &#8220;distillation,&#8221; involves having more powerful AI models evaluate the quality of answers being generated by a newer model.</p>
<p>It&#8217;s a claim that OpenAI itself has alluded to, telling CNBC in a statement last month that it&#8217;s reviewing reports that DeepSeek may have &#8220;inappropriately&#8221; used output data from its models to develop its AI model, a method referred to as &#8220;distillation.&#8221;</p>
<p>&#8220;Most of the market fear around [DeepSeek] is in fact misplaced,&#8221; Hoffman told CNBC. &#8220;It still requires large models — it was distilled from large models.&#8221;</p>
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<p>&#8220;I think the short answer everyone should take is: game on — but large models still really matter,&#8221; he added.</p>
<p>Victor Riparbelli, CEO of AI video platform Synthesia, told CNBC that although DeepSeek challenged the &#8220;paradigm that brute force scaling is the only way to kind of build better and better models,&#8221; the idea that companies are going to suddenly shift significant amounts of their AI workloads is misguided.</p>
<p>&#8220;I still think that when you look at users of these technologies, all the workflows, I think when we look back in three months&#8217; time, I think 0.01% of those is going to be moved to Deepseek from OpenAI and Anthropic,&#8221; Riparbelli said.</p>
<p>Meredith Whitaker, president of the Signal Foundation, said DeepSeek&#8217;s development doesn&#8217;t move the needle much for the industry as market momentum is still broadly in favor of larger AI models. The Signal Foundation is a nonprofit that supports the encrypted messaging app Signal.</p>
<p>&#8220;This is not something that&#8217;s going to disrupt the concentration of power or the geopolitical balance at this stage,&#8221; Whitaker told CNBC. &#8220;I think we have to keep our eye on the ball there and recognize that it&#8217;s really this &#8216;bigger is better&#8217; paradigm that is not reduced through efficiency gains historically, that is driving this concentration.&#8221;</p>
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		<title>How Fortune 500 Europe’s C-suite execs spend their time when they’re not hard at work—from puzzle-solving to jumping rope</title>
		<link>https://lsd.hu/how-fortune-500-europes-c-suite-execs-spend-their-time-when-theyre-not-hard-at-work-from-puzzle-solving-to-jumping-rope/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 28 Dec 2024 07:27:13 +0000</pubDate>
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					<description><![CDATA[From mind-bending puzzles to sports, Fortune 500 Europe&#8217;s C-suite execs have many interests. The common thread? It makes them better leaders, they say. Read More]]></description>
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<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2024/12/RJ-football-match-China.jpg?w=2048" alt="RJ football match China" title="How Fortune 500 Europe’s C-suite execs spend their time when they’re not hard at work—from puzzle-solving to jumping rope 26"><br />From mind-bending puzzles to sports, Fortune 500 Europe&#8217;s C-suite execs have many interests. The common thread? It makes them better leaders, they say. Read More<br /></p>
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