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International Business weekly International Business Weekly is an American entertainment magazine. We cover business News & feature exclusive interviews with many notable figures

FTX’s Sam Bankman-Fried and Theranos’s Elizabeth Holmes may be the latest names added to business history—but not for th...
12/07/2025

FTX’s Sam Bankman-Fried and Theranos’s Elizabeth Holmes may be the latest names added to business history—but not for their successes; rather, for their high-profile fraud scandals.⁠
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However, one startup accelerator CEO has voiced his concern that some college entrepreneurship programs are encouraging students to idolize the two fraudsters’ “fake it till you make it” mindset, and that it could have “dangerous” implications for many young people.⁠
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“We’re not going to name them, but in full transparency, we’re worried about them because what we’re coming to understand is they are teaching you to lie,” Y Combinator president and CEO Garry Tan told a group of students during a live podcast recording at YC’s AI Startup School.

Some of the world’s largest and most successful tech companies were built at home: Steve Jobs founded Apple in the garag...
12/07/2025

Some of the world’s largest and most successful tech companies were built at home: Steve Jobs founded Apple in the garage of his parents’ home, and Jeff Bezos also founded Amazon in his garage. ⁠
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And thanks to artificial intelligence, the trend of developing blockbuster companies at home is sure to continue. Mark Cuban, the billionaire former principal owner of the Dallas Mavericks and Shark Tank star, recently said AI could help make the world’s first trillionaire. ⁠
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“We haven’t seen the best or the craziest of what [AI is] going to be able to do,” Cuban told the High Performance podcast in an episode published June 29. “And not only do I think it’ll create a trillionaire, but it could be just one dude in the basement. That’s how crazy it could be.”

Companies offer all kinds of unusual benefits these days, from wellness retreats to executive gap years. ⁠⁠At AI startup...
12/07/2025

Companies offer all kinds of unusual benefits these days, from wellness retreats to executive gap years. ⁠
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At AI startup Rilla, employees get the chance to take advantage of a vanishingly rare corporate perk: a rent stipend to cover the high cost of living in New York City. But there are some strings attached. ⁠
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To receive the money, up to $1,500, employees have to live within 10 to 15 minutes of the company’s Long Island City-based office, and are expected to work around 70 hours a week in person. Sebastian Jimenez, Rilla’s CEO and co-founder, says that the rent stipend is an incentive meant to limit commuting time so employees can designate it to their jobs instead.

Melinda French Gates may be one of the wealthiest women in the world, with an estimated $30.8 billion net worth, but you...
10/07/2025

Melinda French Gates may be one of the wealthiest women in the world, with an estimated $30.8 billion net worth, but you won’t catch her writing checks for her daughter’s new startup.⁠
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“I have a daughter who just started a business this year,” the billionaire philanthropist and ex-wife of Bill Gates recently explained at the Power of Women’s Sports Summit presented by E.l.f. Beauty. “She got capitalized not because of my contacts, not because of me. I wouldn’t put money into it.”⁠
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Her reasoning? If this is a “real business,” she said, then others need to be willing to back it. And more important, her daughter should learn how to navigate the sting of rejection if it doesn’t get that funding. “That’s what I told her,” French Gates added. “She’s growing from this.”

Like millions of Gen Z, former British prime minister Rishi Sunak spent the last year on the job hunt, after voters oust...
10/07/2025

Like millions of Gen Z, former British prime minister Rishi Sunak spent the last year on the job hunt, after voters ousted him from 10 Downing Street following a landslide electoral defeat for his party.⁠
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Although he’s still working within the government, the 45-year-old has wasted no time in calling up his network for another gig. On Tuesday, Sunak rejoined investment banking firm Goldman Sachs as a senior advisor. ⁠
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“I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a Senior Advisor,” said Goldman Sachs Chairman and CEO David Solomon in a press release.

The Social Security Administration sent a misleading email to benefit recipients and other Americans last week about the...
10/07/2025

The Social Security Administration sent a misleading email to benefit recipients and other Americans last week about the Republican budget bill that was recently signed into law by President Donald Trump. Advocates are now trying to correct the record to ensure beneficiaries know how the legislation could affect their tax bill.⁠
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On July 3, Social Security sent an email and posted a press release saying that “the new law includes a provision that eliminates federal income taxes on Social Security benefits for most beneficiaries.” ⁠
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It also says “nearly 90%” of beneficiaries will no longer pay federal income taxes on the benefit. While eliminating taxes on Social Security had been proposed by Republican politicians, that provision was ultimately taken out of the version of the so-called “One Big Beautiful Bill” that became law because it violated Senate rules.

Booz Allen Hamilton CEO Horacio Rozanski is in an unprecedented position. ⁠⁠Not only is he the first CEO to lead the sto...
08/07/2025

Booz Allen Hamilton CEO Horacio Rozanski is in an unprecedented position. ⁠
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Not only is he the first CEO to lead the storied government contracting firm as a public company, but last year his firm derived 98% of its $12 billion in revenue from the U.S. government. That put him in the crosshairs as DOGE came to town, spooking investors and forcing him to lay off 7% of the company’s staff. ⁠
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Rozanski spoke to Fortune recently, in a wide-ranging conversation covering everything from Iran to national security spending to what exactly Booz Allen Hamilton does.

Two decades ago, the name of the game in U.S. manufacturing was offshoring. ⁠⁠Just as China was entering the World Trade...
08/07/2025

Two decades ago, the name of the game in U.S. manufacturing was offshoring. ⁠
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Just as China was entering the World Trade Organization and ramping up its capabilities, it seemed like every U.S. company from General Motors to Dell was racing to move its operations outside the country. The ethos was exemplified by General Electric CEO Jack Welch, a ruthless cost-cutter who led “supplier migration” conferences and once quipped that, in an ideal world, a company would “have every plant you own on a barge to move with currencies and changes in the economy.” ⁠
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Against this backdrop, though, Crayola—maker of the world’s most widely sold crayon—took a different tack. Pete Ruggiero, at the time an operations executive, thought the children’s art supply maker could be more efficient by staying close to home.

In Silicon Valley’s white-hot race for artificial intelligence supremacy, mind-boggling pay packages are part of the ind...
08/07/2025

In Silicon Valley’s white-hot race for artificial intelligence supremacy, mind-boggling pay packages are part of the industry’s recruitment push. At OpenAI, however, the company’s residency program is tackling attracting and keeping top talent by looking outside of the industry altogether. ⁠
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The six-month, full-time paid program offers aspiring AI researchers from adjacent fields like physics or neuroscience a pathway into the AI industry, rather than recruiting individuals already deeply invested in AI research and work. According to Jackie Hehir, OpenAI’s research residency program manager, residents aren’t those seeking Ph.Ds in machine learning or AI, nor are they employees of other AI labs. Instead, she said in a program info session, “they’re really passionate about the space.”⁠
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So what’s in it for OpenAI? Hot talent at cut-rate prices. While the six-figure salary puts OpenAI residents in the top 5% of American workers, it’s a bargain in the rarefied world of AI, where the bidding war for talent has some companies tossing around nine-figure bonuses.

America is facing an energy imperative: Grow power from all sources or face potential failure.⁠⁠That’s failure in the ra...
04/07/2025

America is facing an energy imperative: Grow power from all sources or face potential failure.⁠
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That’s failure in the race against China for AI supremacy; failure to provide ample affordable power for its citizens; and failure to make energy as clean as possible as climate change woes mount with each passing year.⁠
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As President Donald Trump has touted American energy dominance, he has leaned on executive orders to expedite natural gas-fired power and new nuclear plants. But regulatory and supply-chain bottlenecks still put those projects several years out.⁠
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Meanwhile, Trump’s “One Big, Beautiful Bill” is intentionally handicapping more easily and faster-built wind, solar and battery storage projects that would help satiate the massive data center power demands of the large-scale cloud service providers known as hyperscalers.

The 2008 financial crisis burned bad memories into the back of Americans’ brains: employees being laid off in droves, fa...
04/07/2025

The 2008 financial crisis burned bad memories into the back of Americans’ brains: employees being laid off in droves, families struggling to put food on their tables, and a housing market in peril. ⁠
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But Zillow’s current CEO, Jeremy Wacksman, says the time was the start of a new beginning. Less than one year later, he ditched his job as a marketing and product manager at Microsoft Xbox to join the real estate startup, despite nervous looks from his friends. ⁠
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“Back in early 2009, for those that remember, [it] was not a fantastic real estate market,” Wacksman told Fortune recently in a LeadershipNext podcast episode. ⁠
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Wacksman joined Zillow as the VP of marketing and product, right around the time the late Steve Jobs introduced the Apple app store—and it turned out to be exactly what the struggling company needed.

For more than a decade, Kim Ji-min served as an IT worker inside a vast global scheme devised by North Korea’s authorita...
04/07/2025

For more than a decade, Kim Ji-min served as an IT worker inside a vast global scheme devised by North Korea’s authoritarian leadership to evade crushing financial sanctions. ⁠
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Kim has since defected to South Korea. Now, he is sharing his experience as a cog in the IT worker conspiracy employed by the Democratic People’s Republic of Korea to amass billions to fund its weapons of mass destruction program. ⁠
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The North Korean IT worker scheme has become one of the most urgent cybersecurity issues among global Fortune 500 businesses. Hundreds of companies have unknowingly hired thousands of North Korean IT workers in recent years, giving them access to personal information and intellectual property and paving the way for U.S. dollars to be used as a funding source for DPRK authoritarian ruler Kim Jong Un’s nuclear ambitions.

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