As AI becomes more mainstream, the startups behind it are raising gobs of money. Now, they’re starting to prove they can turn those ideas into sustainable businesses.

Forbes’ eighth annual AI 50 list features juggernauts like OpenAI and Anthropic, which have accumulated a combined $242.6 billion in venture funding and are reportedly headed toward massive IPOs. But there are also 20 newcomers, including 2-year-old startup Chai Discovery, which uses AI to develop new medicines and speed up drug development.

And despite some consolidations, this was among the most competitive years for the list.

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In a landmark decision, a jury found Live Nation and Ticketmaster operated as a monopoly, leading the firm’s shares to tumble 6%.

President Donald Trump said he’ll “have to fire” Federal Reserve Chair Jerome Powell if he doesn’t leave at the end of his term next month, amid the Justice Department’s investigation into him.

Investor optimism around an extended peace deal between the U.S. and Iran continued to give the stock market a boost, with the S&P 500 headlining Wednesday’s gains by surpassing 7,000 points and reaching a new all-time high.

Only about 20% of importers eligible for tariff refunds have completed a necessary step to recoup their money, U.S. Customs and Border Protection said in a Tuesday filing, as the government prepares to sort out $127 billion in tariff refund claims. Importers must register for electronic payments through a claim portal, which is set to launch Monday.

WEALTH ENTREPRENEURSHIP

The SEC is unwinding a rule from the dot-com crash that required active margin traders to keep at least $25,000 in their brokerage........

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