Forbes Daily: The U.S. And Iran Reach A Two-Week Ceasefire Deal
As AI upends the job market for new graduates, colleges must adapt. The 20 schools on Forbes’ New Ivies list are leading the charge.
This year’s list includes institutions like Carnegie Mellon University and the University of Florida that focus on workforce preparation. For instance, Indiana’s Purdue University’s new “AI working competency” graduation requirement is the first in the nation.
And aside from AI skills themselves, University of North Carolina, Chapel Hill provost and robotics expert Magnus Egerstedt is predicting a liberal arts renaissance. “Being successful [in the age of AI] has more to do with the liberal arts,” he told Forbes. “We focus on creativity, curiosity, problem solving.”
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President Donald Trump announced a ceasefire with Iran, calling off attacking the country less than a day after drawing criticism for threatening to kill “a whole civilization.” Iran’s foreign minister Abbas Araghchi said “safe passage through the Strait of Hormuz will be possible” for two weeks as negotiations continue, provided the attacks on Iran stop.
Shares of the world’s largest record label skyrocketed 11% Tuesday after billionaire Bill Ackman’s Pershing Square offered to purchase the company in a transaction worth about $64 billion. Ackman said he is looking to buy Universal Music Group, which houses artists like Taylor Swift and Kendrick Lamar, because its “stock price has languished” due to issues “unrelated to the performance of its music business.”
Google is rolling out new mental health safeguards for Gemini, like a system to direct users to mental health hotlines when conversations indicate a risk of self-harm. Generative AI companies—including Character.AI, OpenAI and Google—have faced mounting lawsuits accusing their platforms of contributing to harmful mental health events among teens and adults.
China’s battery dominance comes from its ability to manufacture them cheaply and quickly, but Google spinoff firm SandboxAQ has raised $950 million with plans to come up with better designs. The company says its AI-enabled tech platform can help scientists accelerate their research to create new types of safer, cheaper solid-state batteries for EVs, military equipment and data centers.
Delta announced that it will increase the cost of a first and second item of checked baggage by $10, becoming the latest airline to turn to checked bag fees as a way to offset rising jet fuel prices. It follows similar announcements from United and JetBlue, as the average price of jet fuel reached $4.69 per gallon on Monday.
Dr. Dre On Becoming A Billionaire: “I Don’t Chase Money. I Try To Make The Money Chase Me.”
Sitting at the kitchen table in his 36,000-square-foot mansion, 61-year-old Dr. Dre—born Andre Romelle Young—never forgets how far he’s come from his childhood in Compton, California, where he grew up with a teenage mother and an abusive father during the height of Los Angeles’ gang violence and crack cocaine epidemics.
Despite his wealth, he swears that nothing in his career has been motivated by money and instead credits his success to an obsession with creating perfect products, whether it’s music, headphones or his latest venture, a gin brand.
“I don’t chase money—I try to make the money chase me,” says Dre, who ranks No. 20 on our list of the Greatest Self-Made Americans. “I’ve always been able to bet on myself, and whatever I do and wherever I go, I know I have my talent with me.”
In 2014, he sold the company he cofounded, Beats Electronics, to Apple for $3 billion, netting Dre more than $500 million in cash and nearly $100 million in stock, according to Forbes estimates. While it wasn’t enough to get the legendary hip-hop producer onto the Billionaires list that year, it formed the bulk of a fortune that, more than a decade later, Forbes now estimates at $1 billion.
The money he has earned has afforded him the ultimate freedom, Dre says, but he’s often chasing after the next big thing, whether it’s his gin brand—named Still G.I.N., after his 1999 hit “Still D.R.E.”—or the nearly 400 unreleased tracks he says he created during the pandemic and has been tinkering with ever since.
WHY IT MATTERS “The distance between Compton and Brentwood is only a couple dozen miles, but there is no more quintessential rags to riches story than Dr. Dre’s journey from his childhood on the streets to the megamansion he lives in today,” says Forbes reporter Matt Craig. “Now 61 and a billionaire, Dre truly believes he can still make his mark on popular culture once again. He just doesn't know how yet.”
MORE The World’s Celebrity Billionaires
March was the biggest month on record for online traffic to prediction markets Kalshi and Polymarket, as users have placed controversial bets related to the Iran war:
45.3 million: How many web visits Polymarket logged on desktop and mobile platforms in March, according to estimates by Similarweb
8.4 million: The number of visits to Polymarket on Election Day 2024, compared to 1.9 million to Kalshi—the most-visited single day for both sites
320%: How much Kalshi’s monthly web visits are up year-over-year, compared to 400% for Polymarket
The “April Theory,” which claims that April is the real start of the new year, is going viral on social media. But the idea is rooted in science, as many people can feel newly energized with more daylight. This makes it a natural time to reflect on your career and set new goals, as well as make overall improvements to your quality of life. Think of it like “spring cleaning” for your professional life.
NASA’s Artemis crew of four astronauts set the record for human spaceflight, having traveled farther from Earth than anyone has ever been. About how many miles away were they?
Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.
