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'Run it hot': The GDP report bolsters Wall Street's case for a high-growth, high-inflation economy
ANGELA WEISS / AFP via Getty ImagesThe economy expanded by an impressive 4.3% in the third quarter. The data support Wall Street's "run-it-hot" thesis heading into 2026. The scenario involves robust economic growth and above-target inflation. Investors just got a blockbuster GDP print for the third quarter. The US economy grew 4.3%, much more than expected, while consumer spending increased 3.5%. Stocks dipped on the news, as odds of a rate cut for both the January and March Fed meetings dwindle -
Student-loan borrowers in default are set to see their paychecks garnished in early January
President Donald Trump's administration is resuming wage garnishment for defaulted student-loan borrowers in early January.Doug Mills - Pool/Getty ImagesThe Education Department confirmed that wage garnishment is resuming for defaulted student-loan borrowers.About 1,000 borrowers will receive garnishment notices the week of January 7, the department said.It follows the department's resumption of collections on defaulted student loans in May 2025.Student-loan borrowers behind on payments could so -
The best gaming TVs for PS5, Xbox, Switch, and PC
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreThe best gaming TVs include OLED models, such as the Samsung S90F.John Higgins/Business InsiderIf you've been gaming as long as I have, you've watched the medium evolve from simple 2D side-scrollers to sprawling, photo-realistic worlds. And as games have grown more ambitious, the screens we play them on have had to level up, too. Today's best gaming TVs look nothing like the tiny tube TVs of yesteryear. -
How Unilever's huge bet on influencers led to a creator economy gold rush
Deagreez/Getty ImagesUnilever this year announced a plan to increase the number of influencers it works with by 20 times.Influencer marketing insiders say it led to a gold rush for some areas of the creator economy.The big Unilever creator marketing mandate also encouraged other brands to up their influencer game.Creators are ringing in a banner year for influencer marketing, and they might consider sending a thank-you note to Unilever CEO Fernando Fernández.In March, Fernández unv -
I didn't realize how strange my Christmas traditions were until I married an American
As an Australian, I never realized how weird our Christmas traditions could feel until I married an American and celebrated in the US.Ash JurbergI grew up in Australia, so Christmas always meant hot weather, beaches, and sunsets after 9 p.m.When she moved to Australia with me, my American wife said Christmas didn't feel quite right.I didn't fully understand her until I celebrated in the US. Now, Christmas back home feels odd.Growing up in Australia, December 25 meant swimming in the backyard poo -
Surviving Meta's 'year of intensity'
A Mark Zuckerberg robotic dog by the artist Beeple at the 2025 Art Basel eventZUMA Press Wire via Reuters ConnectA version of this story originally appeared in the BI Tech Memo newsletter.Sign up for the weekly BI Tech Memo newsletter here.Business Insider's Pranav Dixit has been covering Meta for a year now. He recently reported on the company's "year of intensity" with colleague Jyoti Mann. I asked Pranav for his take on a turbulent 12 months.Q: You've been covering Meta for a year now. What h -
How to buy gold, silver, and other precious metals from Costco online and in-store
A one-ounce gold bar and a ten-ounce silver bar are on display at a Costco warehouse in Wisconsin.Dominick Reuter/Business InsiderCostco sells millions of dollars' worth of gold and silver, both online and in some warehouses.The buying process is a little different from picking up a gallon of milk, though.Here's how to buy precious metals from the wholesale club.Two dozen eggs, a gallon of milk, 30 rolls of toilet paper — and one ounce of 24 karat gold.While that might be one of the more e -
15 things you probably didn't know about 'A Christmas Story'
Peter Billingsley sits on Santa's lap in a scene from the film 'A Christmas Story', 1983.Archive Photos/Getty Images"A Christmas Story" is a holiday classic, but it wasn't an instant hit upon its 1983 release.The film, which has some surprising cameos, inspired the sitcom "The Wonder Years."It almost starred Jack Nicholson as Ralphie's dad, aka the Old Man."A Christmas Story" is one of the most beloved holiday films of all time, but it wasn't an immediate phenomenon upon its release in November -
See inside the E-4B 'Nightwatch,' the president's 'doomsday plane' that can survive nuclear war
Maintainers from the 595th Aircraft Maintenance Squadron prepare the E-4B for flight as a visiting documentary production team loads onto the Nightwatch to film a local training sortie and air refueling mission from Offutt Air Force Base, Neb., May 15, 2024.Justin Oakes/US Air ForceThe E-4B "Nightwatch" is nicknamed the "doomsday plane" because it can survive a nuclear attack.In the event of nuclear war, it would serve as the US military's command and control center.It is the US Air Force's most -
The 4 best dog talking buttons to communicate with your pup
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreFluent Pet's Get Started Kit is an excellent set for people and pups who are new to dog buttons.Fluent PetUnderstanding your dog's wants and needs isn't always easy, but there's a lot they can tell you if you teach them to use the best dog talking buttons. These devices are adapted from pressable augmentative communication buttons, which speech-language pathologists have long used to communicate with ind -
My son died in a ski accident at age 9. He is still part of our holiday traditions.
The author's son died in 2019 in a ski accident. She's been navigating grief since.Courtesy of the authorMy son William died in a ski accident in 2019 at age 9. I'm still his mom, and honor him during the holidays, even though he is not physically present. Acts of service and open conversations help navigate grief and foster connection at gatherings.As the first Christmas after my son William's death approached, I couldn't bear the thought of putting up a Christmas tree. I couldn't imagine displ -
I lived in Europe for 7 years before returning to the US. Here are 3 things I did right and 3 I wish I'd done differently.
I did some things right and wrong when I moved back to the US from Europe.Denae McGahaI'm an American who spent seven years abroad in Budapest, Hungary, before returning to the US.I'm grateful I gave myself enough time to pack and kept documentation of my time in Europe.But I wish I'd started job hunting sooner and had more realistic expectations about starting over.After seven wonderful years in Budapest, I had to move back to the US in early 2025 because of visa issues.Packing up my life and s -
My daughter told me I should start going to the gym. At 79, I'm in the best shape of my life.
Joan MacDonald before and after her transformation at the gym.Courtesy of Michelle MacDonaldAt almost 71, Joan MacDonald was overweight and suffered from high blood pressure and kidney issues.The mom-of-three despaired that she might die soon.Then her daughter, Michelle, a fitness trainer, told her that she needed to start working out.This story is based on a conversation with Joan MacDonald, 79, a former driving examiner of Collingwood, Ontario. It has been edited for length and clarity.Ja -
Mark Wahlberg shares the high-protein breakfast he eats every day
Mark Wahlberg works out at 4 a.m. every day.Kristina Bumphrey/Variety via Getty ImagesMark Wahlberg has shared the high-protein breakfast he eats every morning.The "Ted" star has two types of eggs, salmon, and turkey to start his day.The 54-year-old has said he is prioritizing longevity and mobility as he ages.Mark Wahlberg eats a high-protein breakfast every morning that would likely get a big thumbs-up from longevity researchers.In an Instagram post last week, the 54-year-old said he always st -
25 photos show what life looked like for Americans 150 years ago
The US in the mid-1870s was experiencing a great transformation as emerging industries ushered in the Gilded Age.Archive Photos/Getty ImagesThe mid-1870s were a period of significant cultural, economic, and technological transformation.During this time, people dressed in formal fashion and traveled by steamboat, buggy, or railroad.Sports became increasingly popular as people took more interest in leisure activities.By the end of 1875, America — which was then approaching its 100th birthday -
The US economy grew way more than expected in the third quarter
The Bureau of Economic Analysis published gross domestic product data on Tuesday.Spencer Platt/Getty ImagesReal GDP heated up at an annualized rate of 4.3% in the third quarter, far surpassing the forecast.That follows a 3.8% gain in the second quarter and a contraction in the first quarter.Strong consumer spending drove the growth. The US economy defied expectations in the third quarter of a year marked by uncertainty.US real gross domestic product rose at an annualized rate of 4.3% in the thir -
I'm 'Shark Tank' investor Kevin O'Leary. I wake up at 5 a.m. with no alarm and refuse to answer emails.
Kevin O'Leary reveals his daily routine.Kevin O'LearyThis as-told-to essay is based on a conversation with Canadian businessman and entrepreneur Kevin O'Leary, 71, who gained popularity spending over nearly two decades as the blunt-talking investor on "Shark Tank" sarcastically nicknamed "Mr. Wonderful." The conversation has been edited for length and clarity.I grew up in Montreal and Ottawa and received my MBA in 1980. My second business, the software company SoftKey, became successful enough t -
My son is too old for Elf on the Shelf pranks, but I do it every year anyway. I think I have more fun with it than he does.
The author has been doing Elf on the Shelf pranks for her son for years.Courtesy of Ashley ArchambaultI've been doing the Elf on the Shelf pranks for my son for years, and he's always known it's me.I don't even use the trademark Elf — I have a little gnome that works just as well.I enjoy it more than he does, though he gets a laugh out of my pranks, too.The first Christmas I tried the Elf on the Shelf trend, my son was already 6. It was during the pandemic, and I thought it might cheer us -
Taiwan needs to flood the battlefield with cheap, mobile, and survivable weapons to counter China, former senior military officer says
TKAnnabelle Chih/Getty ImagesTaiwan should prioritize lots of low-cost survivable weapons for a possible war with China, a former defense official said.Conventional, more exquisite weapons are still useful.But having more asymmetric capabilities would help Taiwan deter and fend off an existential threat.To prepare for a possible all-out war with China, Taiwan should focus on fielding substantial numbers of cheap, mobile, and survivable weapons, a former top Taiwanese defense official said.Taiwan -
Amazon's chief security officer says the tech giant blocked over 1,800 suspected North Korean agents from applying for jobs
Stephen Schmidt is Amazon's chief security officer.Big Event Media/Getty Images for HumanX ConferenceAmazon says it has blocked over 1,800 job applications from suspected North Korean agents since April 2024.Amazon has used AI to screen and block such applications, a top exec said.AI and machine-learning roles have been increasingly targeted due to high demand, he added.Amazon has stopped more than 1,800 suspected North Korean agents from applying for jobs over the last 20 months, a top executiv -
A 25-year-old startup founder shares his high-protein smoothie for gut health, energy, and longevity
Max Marchione is the cofounder of a buzzy health startup and has dialed in his health routine with supplements and peptides to support his busy schedule.Courtesy of SuperpowerA health startup founder starts his day with a high-protein smoothie for energy and gut health.The blend of nutrient-dense fruits, supplements, and whey is packed with antioxidants.The combo of protein and fiber is key to staying full and focused for long workdays.A 25-year-old startup founder said he starts each day with a -
Elon Musk's Starlink is adding 20,000 new users a day as it hits 9 million customers
After Elon Musk bought Twitter in 2022, he discouraged users from posting links on the site — which discouraged push journalists and others from using it. Has he changed his mind?Marvin Joseph/The Washington Post via Getty ImagesSpaceX says its Starlink internet has hit 9 million customers, just over a month after reaching 8 million.The numbers close a year of massive growth for Elon Musk's rocket and satellite company.SpaceX is reportedly positioning itself for an IPO next year.Moving at -
My last-second holiday wish list for the business world
Tell us what's on your wish list.Tatiana Sviridova/Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.I missed Hanukkah, and I'm cutting it close on Christmas, but I've finally got my holiday wish list in order.I'm not looking for new sneakers or some cool electronics. This year's requests focus on the business world. (Santa Claus is a BI Today subscriber, obviously.)Ok, here goes nothing:ROI for AI. I'm -
I worked remotely on a cross-country Amtrak train. The views were unbeatable, but I wish I'd known 3 things.
The observation car was all windows.Kelsey VlamisWorking remotely on a 43-hour Amtrak train offered stunning views and unique experiences.Amtrak's Southwest Chief lacks WiFi, so a reliable hotspot and backup power are essential.Meal times are scheduled and social, requiring advance planning to balance work and dining.The view from my desk at home in Los Angeles is pretty nice, as far as desk views go. I can see the lush landscaping of my neighbors' homes in the Silver Lake hills, and, if I lean -
This Target in Alaska is where Santa would shop if he shopped at Target
Target's northernmost location is just north of Anchorage, Alaska, in the city of Wasilla.Matt Hage/AP Content Services for TargetOf Target's 1,995 stores, the northernmost location is in Wasilla, Alaska.Serving customers in the frontier state involves challenges unlike those elsewhere in the US.If Santa shopped at Target, this would be his store.If TV commercials are to be believed, Target has a certain white-bearded employee named Kris K. who makes lengthy lists of the best gifts to buy from t -
From 3D printing to private lending, these are the most creative ways people made money in 2025
A hiring war on Wall Street has created a "competitive" compensation landscape for top bankers, the Goldman Sachs CFO says.Giuseppe Lombardo/Getty ImagesEntrepreneurs found creative ways to earn money beyond traditional corporate jobs in 2025.Strategies included 3D printed products, live plant sales, and private real estate lending.These approaches generated significant income and offered alternatives to standard career paths.Climbing the corporate ladder isn't the only way to increase your earn -
Warren Buffett's company took Kraft Heinz off its subsidiary list weeks before board exit and $5 billion writedown
Warren Buffett is the CEO of Berkshire Hathaway.Nati Harnik/APBerkshire Hathaway removed Kraft Heinz from the list of operating companies on its website.Warren Buffett's company cut the food giant in April, the Wayback Machine shows.Berkshire left Kraft's board and wrote down its 27% stake by $5 billion in the second quarter.Warren Buffett's Berkshire Hathaway removed Kraft Heinz from the list of operating companies on its website earlier this year, weeks before writing down its investment in th -
Trump is getting rid of a key student-loan program. Yale has a replacement.
Yale University is putting forth an alternative to the Grad PLUS student-loan program.Plexi Images/GHI/UCG/Universal Images Group via Getty ImagesTrump is eliminating the Grad PLUS student-loan program for graduate and professional students.Yale University said it would introduce a replacement option for its students.The student-loan borrowing and repayment changes are set to go into effect in July 2026.Graduate and professional students could soon find themselves with more limited student-loan -
'This world is insane': Miss Universe contestants reveal the chaos behind this year's pageant
Lillian Suwanrumpha/Getty Images; Alyssa Powell/BIThe energy in the room couldn't have been more tense. Some women were yelling, telling their new friends to stand up and leave. Others were glued to their seats, crying in red-carpet-worthy gowns. Contestant Andromeda Peters was in the middle of it all.A licensed therapist since 2017, Peters felt compelled to help. She instructed the women to close their eyes and feel their backs against the chairs, to feel their feet planted firmly to the ground -
7 Rising Stars who took Wall Street by storm after starting their careers in sports, science, and engineering
Ricardo Santos for BIThis fall, Business Insider announced its 2025 class of Rising Stars of Wall Street.Seven stood out for pursuing unique paths, including sports, science, and field research.They used those early experiences to rise inside firms like JPMorgan, Goldman, and Moelis.Most people imagine Wall Street careers beginning in familiar ways: internships at major banks, economics coursework, and early exposure to markets. But some of the young professionals on Business Insider's 2025 Risi -
I research self-regulation for a living. As a parent, it can be hard to follow my own advice.
The author studies self-regulation for a living, but admits he can have a hard time following his own advice when parenting.Courtesy of Zack BarnesI study self-regulation, but I still struggle to manage my emotions as a parent at times.Parents' actions can strongly shape how children develop self-regulation, so I'd like to do better.Strategies like deep breathing, self-talk, and cardio have helped me improve my own self-regulation.As someone who researches self-regulation for a living, it's a li -
US Army and Navy stretched the rules to misrepresent the academic qualifications of recruits, the inspector general says
Recruits prepare to graduate from Army boot camp on Fort Jackson, South Carolina, on Feb. 9th 2020.Robin Hicks/US ArmyA Pentagon report says the Army and Navy misrepresented the academic qualifications of some recruits.The Army and Navy exceeded federal limits on low-scoring recruits using preparatory courses, the watchdog said.The Pentagon disputes the findings as services face ongoing challenges in military recruiting.A new Pentagon Inspector General report says that the Army and Navy misrepre -
'Fragmented' Microsoft tools undercut efficiency at Amazon and Whole Foods, internal Deloitte review found
An Amazon employee at its Fresh grocery storeDavid Ryder/Getty ImagesDeloitte conducted an 8-week review of Whole Foods' use of Microsoft applications.The review found Whole Foods' fragmented tools and weak security led to "inefficiency" at Amazon.Amazon plans a phased migration of Whole Foods staff to its backend to boost collaboration.It's been more than eight years since Amazon bought Whole Foods, but the two companies still haven't aligned their setup for the Microsoft software their employe -
I quit my job to travel. Here's how the time off helped me rethink my career.
Nurya Doorenbos with her dog during a European road trip she took after quitting her job in the spring.Maxim MuylaertNurya Doorenbos took a five-month European road trip to figure out what she truly wants to do for work.Slowing down gave her clarity on her career and time to focus on personal growth.She returned feeling refreshed and quickly landed a new marketing role with ease.This as-told-to essay is based on a conversation with Nurya Doorenbos, a 30-year-old marketing professional in Brussel -
The AI dating arms race: Dating apps are betting millions that you'll fall back in love with them
Getty Images; Alyssa Powell/BIDating apps like Tinder, Hinge, Bumble, and Grindr are placing big bets on AI-powered matchmaking.They are hoping innovations in the space can combat the app fatigue that has stymied growth.Meanwhile, a new generation of startup apps is emerging, competing with the giants for the internet's singles.Dating apps' original pitch was to match you with anyone."Swipe. Match. Chat. Date." That was Tinder's promise when it launched more than a decade ago, forecasting the en -
America's hidden economic crisis: personal financial chaos
Getty Images; Tyler Le/BIDavid Deal's 2026 outlook is what he describes as a "whack-a-mole of worry." While he's 62 and presumably approaching retirement, 65 is "just a number" for him, not a milestone marker for throwing in the towel on his career like his parents' generation. The thing that really has him wound up, though, is healthcare, which he calls a "DEFCON 1" situation. Deal, a marketing consultant who lives in the Chicago suburbs, and his wife pay for their own insurance, and their prem -
Slate's design chief explains why the startup built its electric truck without screens, stereos, or power windows
Slate is betting on manual controls and stripped-back displays as it prepares to launch its electric truck.SlateEV startup Slate unveiled its no-frills, affordable electric truck earlier this year.The "mid-$20,000s" truck's minimalist base version comes without screens, stereos, and power windows.Slate's head of design told BI it's aiming to woo drivers fed up with digital controls and unwanted features.When it comes to its affordable electric truck, Slate is betting that less is more.Tisha John -
Ukrainian troops say a 'droid' with a .50-cal machine gun held off Russian attacks for 45 days in a row
NC13's DevDroid TW 12.7 is seen firing its weapon in this aerial footage. Red annotation by Business Insider.Screenshot via 3rd Army Corps/TelegramTroops from Ukraine's 3rd Army Corps said they used a ground robot to fight for 45 days.The Droid TW 12.7, armed with a .50-caliber machine gun, was remotely operated by the NC13 unit.The 3rd Army Corps said that Ukrainian troops in the area took no casualties during this time.A Ukrainian army corps said on Monday that its troops used a remote-control -
Why one of the godfathers of AI says he lies to chatbots
Bengio said AI's desire to please him rendered its responses useless.Jemal Countess/Getty Images for TIMEYoshua Bengio, one of the "AI godfathers," said he lies to AI chatbots.In a recent episode of "The Diary of a CEO," Bengio said AI lies to us because it's sycophantic.He said he addresses this by presenting his own ideas to AI as someone else's.Want to make your chatbot more honest with you? Try lying to it.In an episode of "The Diary of a CEO" that aired on December 18, research scientist Yo -
A cheaper, easier-to-use version of Wegovy is coming to the US soon
Wegovy's new pill (not pictured) has been approved in the US, offering a needle-free option with a lower starting price than injections.colnihko/Getty ImagesThe FDA approved a pill version of Wegovy.The pill's starting dose will cost $149 per month with savings offers, said drugmaker Novo Nordisk.A clinical trial showed the pill delivers similar weight loss to the injectable version.The weight-loss drug Wegovy is coming in pill form — and it's much cheaper than the shots.The US Food and Dr -
Gold's record-setting rally quietly turned an Asian currency into this year's breakout trade
The Thai baht's gold-fueled rally has raised concerns among policymakers in the export-reliant economy.Lauren DeCicca/Getty ImagesGold's surge has driven the Thai baht up 10% this year to its strongest level since June 2021.Thailand's role as a gold trading hub has turned record prices into FX inflows powering the baht.Officials plan a briefing on currency moves as the strong baht squeezes exports and trade.Gold's blistering rally this year hasn't stayed confined to commodities markets.One of th -
Jim Beam temporarily closes a Kentucky bourbon distillery amid a tough time for the American distilled spirits industry
Jim Beam will pause bourbon production at its Clermont, Kentucky, distillery for one year.Noam Galai/Getty Images for NYCWFFJim Beam will pause bourbon production at its Clermont, Kentucky, distillery for one year.The distilled spirits industry is facing declines in exports to major markets, including Canada and the EU.Domestic alcohol consumption is also dropping, adding pressure to American spirits brands.It's been a tough time for distilled spirits.Jim Beam, a brand nearly 230 years old, conf -
James Cameron says getting fired from his first directing job led him to write 'The Terminator'
James Cameron.Pascal Le Segretain/Getty ImagesJames Cameron says he wrote "The Terminator" after being fired from his first directing gig."I couldn't wait for a directing gig to come to me. I had to create it for myself," he said.He fit the film to a small budget and said he might not have come up with the story otherwise.Before "The Terminator" became a career-defining hit in 1984, James Cameron was trying to dig himself out of what he thought was a professional hole.On Monday's episode of "On -
California regulator reviews Waymo stalls during San Francisco power outage
The California Public Utilities Commission is looking into the incident that caused Waymo vehicles to stall in San Francisco following a power outage.Video obtained by Reuters/ReutersA California regulator is reviewing the incident that prompted Waymo robotaxis to stall in San Francisco.Social media videos showed Waymo vehicles blocking traffic following the power outage on Saturday.Waymo said on Sunday it has restarted its robotaxi service in the area.A California regulator said it is examining -
Trump says new 'Trump-class' battleship with railguns, lasers, and hypersonic missiles will be added to 'Golden Fleet'
US President Donald Trump arrives to announce the US Navy's new Golden Fleet initiative.ANDREW CABALLERO-REYNOLDS / AFP via Getty ImagesPresident Donald Trump announced new "Trump-class" ships for the US Navy Golden Fleet.Trump said that up to 25 ships will be built, with construction set to start immediately.The Navy said these ships will feature a railgun, high-powered lasers, and nuclear cruise missiles.President Donald Trump on Monday shared details about new additions to what he's calling t -
Africa Cup of Nations - How to watch free AFCON live stream from anywhere
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreIvory Coast is the current holder, having beaten Nigeria in the previous AFCON final.FRANCK FIFE/AFP via Getty ImagesIf you're looking for the latest guide on how to watch free AFCON live streams, we have everything you need. No matter what country you're in right now, you can enjoy the entire Africa Cup of Nations soccer tournament from anywhere.We've also combed through affordable paid options in vario -
Google tells staff it will ramp up green card applications again in 2026. Here's who won't be eligible.
Google CEO Sundar Pichai.CAMILLE COHEN/AFP via Getty ImagesGoogle told staff it will ramp up PERM applications next year, per a memo seen by Business Insider.PERM is the first step for securing a green card. Google paused applications in 2023.Staff must meet certain criteria to be PERM-eligible, the memo said.Google told employees it will be "ramping up" PERM applications in 2026 for eligible employees, a crucial step to securing a green card.The company told staff in a December newsletter that -
The best Fubo alternatives if you can't live stream NBC
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreFubo is currently missing NBC from its channel lineup.Thomas Fuller / SOPA Images via Reuters ConnectFubo is the latest live TV streaming service to find itself missing key networks, with a recent dispute leaving the streamer without any NBCUniversal channels for the time being. The blackout has now officially reached over a month, which means that for some, it may be time to seek out another service. On -
ChatGPT's year-end recap is here — and it tells you how many em-dashes you exchanged
ChatGPT has its own recap à la Spotify WrappedScreenshot via Henry ChandonnetOpenAI released a 2025 user rundown called "Your Year with ChatGPT."The feature tells users which day they talked with the AI chatbot the most, how many em-dashes they used, and offers awards.ChatGPT is one of many apps giving out year-end recaps, including Spotify, LinkedIn and Uber.ChatGPT doesn't want to be left out of the "Wrapped" party that Spotify popularized. So say hello to "Your Year with ChatGPT."OpenA -
iRobot founder says company's bankruptcy revealed a new kind of competitor: 'The Chinese fast follower'
iRobot cofounder Colin Angle next to a Roomba.Matthew J. Lee/The Boston Globe via Getty ImagesiRobot filed for bankruptcy and will be acquired by Picea Robotics, a Chinese company.Founder Colin Angle said iRobot faced rising competition from Chinese robotics firms.Angle said that China's subsidies to local manufacturers created a "protected market" for competitors.If there's one lesson iRobot founder Colin Angle took from the company's bankruptcy, it's never to underestimate competitors.On Decem
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