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Forbes found ten-figure fortunes in almost all 50 states and crowned a handful of new richest residents since last year’s ranking. For the third straight year, Forbes has scoured the nation to find the richest person in every state. We again found billionaires in all but three. The 54 entrepreneurs, investors and heirs on the 2025 ranking (including ties) are worth a record $2 trillion combined, up $400 billion since last year’s list. Five states have a new no. 1—all because one rich resident has overtaken another, rather than the high-profile, out-of-state moves that have shaken things up in past…

Companies of all sizes are recognizing the game-changing possibilities of AI. Despite the excitement about the new technology, most of their pilot projects don’t make it into production. Gruve.ai, a startup founded by the team behind Rahi Systems aims to help enterprises get AI solutions out of testing phase and into real-world application by using AI to deliver its services. Rahi Systems is an IT solutions company acquired by Wesco for $225 million in 2022.  IT services firms, including major players like Accenture, have long been the go-to consultants to implement new tech projects for companies when they don’t have…

RALEIGH, N.C. (AP) — Following the lead of several conservative states and the president himself, North Carolina Republican lawmakers have advanced their own bills that target diversity, equity and inclusion initiatives. The North Carolina House passed a bill restricting DEI practices within state government on Wednesday after votes on it stalled for a few weeks. The state Senate pushed forth its own legislation on the issue earlier this month. If combined, the two bills would enforce DEI limitations at colleges, universities, state agencies, local governments and public schools — a move Republican proponents say would ensure fairness for students and…

JetBrains, the company behind a range of popular app development tools, has released its first “open” AI model for coding. On Wednesday, JetBrains made Mellum, a code-generating model the company released for its various software development suites last year, openly available on the AI dev platform Hugging Face. Mellum, trained on more than 4 trillion tokens, weighs in at 4 billion parameters and is designed specifically for code completion (i.e., completing code snippets based on the surrounding context). Parameters roughly correspond to a model’s problem-solving skills, while tokens are the raw bits of data that a model processes. A million…

JetBrains, the company behind a range of popular app development tools, has released its first “open” AI model for coding. On Wednesday, JetBrains made Mellum, a code-generating model the company released for its various software development suites last year, openly available on the AI dev platform Hugging Face. Mellum, trained on more than 4 trillion tokens, weighs in at 4 billion parameters and is designed specifically for code completion (i.e., completing code snippets based on the surrounding context). Parameters roughly correspond to a model’s problem-solving skills, while tokens are the raw bits of data that a model processes. A million…

President asks for ‘patience’ as businesses react negatively to Trump’s aggressive efforts to upend global trade.United States President Donald Trump blames former president Joe Biden for the decline of key economic indicators during his first months as president, amid widespread disruptions caused by Trump’s tariff policies. The US economy contracted by 0.3 percent during the first quarter of the year, the first such drop in three years. During the last three months of 2024, the economy grew by 2.4 percent. “This is Biden’s Stock Market, not Trump’s,” Trump said in a post on his website Truth Social. “Tariffs will soon…

A coalition of big tech vendors, including Cisco, Microsoft, Dell, IBM, Oracle, and Red Hat has published a draft ‘OpenEoX’ framework to standardise the way companies announce when products will stop receiving security patches or any other form of support. The draft standard, released through the OASIS standards body, argues that today’s end-of-life (EoL) notices are scattered, inconsistently worded and hard to track, causing major problems for organizations running obsolete software or hardware without understanding the expanded security risk. The push comes amid widespread concern that outdated or unsupported systems have quietly compounded cybersecurity risks inside organizations, particularly when those…

Anthropic agrees with the U.S. government that implementing robust export controls on domestically made AI chips will help the U.S. compete in the AI race against China. But the company is suggesting a few tweaks to the proposed restrictions. Anthropic released a blog post on Wednesday stating that the company “strongly supports” the U.S. Department of Commerce’s “Framework for Artificial Intelligence Diffusion” ahead of the interim rule’s implementation date on May 15. The framework was proposed by outgoing president Joe Biden in January and is meant to bolster AI chip export controls for the purposes of national security and to…

Persona, a verified identity platform based in San Francisco, has raised $200m in Series D funding, pushing its valuation to $2bn.The round was co-led by Founders Fund and Ribbit Capital, with backing from BOND, Coatue, First Round Capital, and Index Ventures.The company provides a flexible identity verification platform used across sectors including FinTech, AI, retail, hospitality, and legal services. It supports verification across 200+ countries and 20 languages.With growing concerns around synthetic fraud, AI-generated deepfakes, and regulatory complexity, Persona plans to use the funding to expand its capabilities and build infrastructure that enables businesses to verify both human and AI…

WealthTech firm Zoe, a digital end-to-end platform reshaping how registered investment advisors (RIAs) and clients connect, has secured $29.6m in Series B funding to accelerate its platform expansion and team growth.The round was led by Sageview Capital, with additional backing from key RIA partners and their executive leadership teams. Notable firms involved in the raise include CAPTRUST, Creative Planning, Mariner Wealth Advisors, Perigon Wealth Management, and Falcon Wealth Planning. This latest round brings Zoe’s total funding to $45m.Founded with a mission to streamline the wealth management journey, Zoe provides investors with institutional-grade tools previously reserved for ultra-wealthy clients. Its platform…