Author: Arabian Media staff

OpenAI CEO Sam Altman acknowledges that AI can change the workforce and replace some jobs for good — but instead of focusing on AI’s effects on recent college graduates, Altman is more concerned about the technology’s impact on soon-to-be retirees.In a podcast episode of “Huge Conversations” with Cleo Abram, released last week, Altman said that he was “more worried” about what AI meant for “the 62-year-old that doesn’t want to go retrain” than the “22-year-old” just graduating college. The reason? Young people are “the best” at readily adjusting to changes brought on by technology, even when that technology replaces jobs.Related:…

Smartworks Coworking Spaces Ltd. reported a 21% year-on-year increase in revenue from operations to Rs 379.21 crore in the quarter ended June 30, 2025, from Rs 313.42 crore a year earlier. Total income rose 20.1% to Rs 3,879.87 crore from Rs 3,231.56 crore.The company’s net loss narrowed to Rs 4.20 crore from Rs 23.03 crore in Q1 FY25, marking an 81.8% improvement.Depreciation and amortisation expenses increased 3.2% to Rs 103.54 crore, while employee benefits expenses surged 67.3% to Rs 23.36 crore. Finance costs fell 4.9% to Rs 81.46 crore. Depreciation and amortisation on another line rose 18.1% to Rs 173.91…

Perplexity AI, an $18 billion startup whose AI-powered search engine links out to original sources, just made an unsolicited offer to buy Google’s Chrome browser for $34.5 billion, the Wall Street Journal was first to report.According to the WSJ report, Perplexity said its offer to buy Chrome is “designed to satisfy an antitrust remedy in highest public interest by placing Chrome with a capable, independent operator.””Multiple large investment funds have agreed to finance the transaction in full,” Perplexity Chief Business Officer Dmitry Shevelenko said, per Bloomberg.Related: Everyone Wants to Buy Google’s Chrome Browser — Including OpenAI, According to a Top…

Falguni Nayar-led Nykaa has been betting big on the strength of House of Nykaa, its own brands across verticals like fashion and beauty and personal care, which delivered 57% growth in GMV to an annualised run rate of Rs 2,700 crore in the first quarter. Doubling down on its private labels, the company also announced the acquisition of the remaing 40% stake in wellness brand Nudge for a consideration of Rs 14.26 lakh. After acquiring a minority stake in 2022, the complete acquisition of Nudge signals Nykaa’s focus on building and scaling its presence in the wellness sector, particularly in…

A company once synonymous with photography is now telling investors that it doesn’t have enough cash to pay off its debts, raising concerns about its continued presence.In a Monday second-quarter earnings report, 133-year-old company Eastman Kodak warned investors that it lacked the financial means to make $500 million in upcoming debt payments. The company does not have any committed financing or available cash on hand to pay off its debts, raising “substantial doubt” about its “ability to continue.”Related: Job Search Pioneers CareerBuilder and Monster File for Bankruptcy Less than a Year After Merger However, the Rochester, New York-based firm has…

Opinions expressed by Entrepreneur contributors are their own. I recently wrote about creatine and profiled Jeff Byers, co-founder of Momentous, for a reason: integrity matters. When it comes to what we put in our bodies, especially for entrepreneurs aiming to optimize energy, recovery and longevity, founders and consumers deserve transparency and truth.And yet, the supplement industry is booming with very little of either.We’re in the middle of a health optimization gold rush. Creatine gummies, NAD+ capsules, sleep pills and brain-boosting stacks are everywhere. Scroll Instagram, walk into Erewhon or search Amazon, and you’ll find thousands of options. The global supplement…

Paytm Payments Services Ltd., a wholly owned subsidiary of One 97 Communications Ltd., has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007.The RBI has also told Paytm to carry out a system and cybersecurity audit by an approved auditor—either one empanelled with CERT-In, a Certified Information Systems Auditor (CISA) registered with ISACA, or someone holding a DISA qualification from the Institute of Chartered Accountants of India.The approval, dated August 12, 2025, follows the company’s application for a Payment Aggregator licence filed last year.…

Opinions expressed by Entrepreneur contributors are their own. Most small business owners are playing a game of financial chicken, and they don’t even realize it.If you’re one of these business owners, you’re likely grinding through each month, covering expenses and hoping the next payment hits before the cash runs out. But without knowing exactly how long your current revenue and reserves will sustain you, you’re essentially flying blind. That’s where understanding your runway comes in.Related: Spend Less Time Worrying About Your Company’s Runway — And More Time Rethinking Your Strategy. Here’s How. What is “runway” in business?Runway refers to how…

Business-to-business ecommerce platform Zetwerk on Tuesday acquired a controlling stake in transformer solutions company KRYFS Power Components to boost its electrical and renewable manufacturing prowess. The acquisition will combine Zetwerk’s supply chain platform and global manufacturing network with KRYFS’s deep domain expertise and 10 fully operational plants across the country. The company is the only firm in the country that manufactures 765 KV class transformer laminations and transformer tanks. These are often used power grids and large power plants, including thermal and nuclear. KRYFS, which is backed by Toyota Tsusho Corporation (TTC), a sister company of Toyota Motor Corporation, will transition…

Opinions expressed by Entrepreneur contributors are their own. The effect of artificial intelligence on practically every aspect of our lives is undeniable. Since the enforcement of laws and regulations is essential to the business community, I’m curious how AI will impact our legal system.While the jury is still out on precisely how AI will alter future legal decisions, every entrepreneur should take a moment to examine the advantages and disadvantages of AI, from legal opinions to court rulings. After all, our legal education system teaches aspiring lawyers to think critically and objectively. Can AI learn how to issue fair rulings…