Meta released a new version of Muse Spark on Thursday, claiming that the AI model surpasses the capabilities of prior products from OpenAI, Anthropic, and Google. Dubbed Muse Spark 1.1, the new model is proficient across a range of tasks, including coding, video captioning, and reasoning, Meta said in a blog post. The update to…
Good morning. Wharton professor Eric Bradlow, who serves as the vice dean of AI and analytics, calls AI the most consequential innovation of his lifetime. A computer scientist and statistician, he’s drawn to AI for its ability to sift massive data sets, solve complex problems in seconds, and democratize knowledge—especially in business. In a video…
You’d think with Social Security now just six years away from insolvency, that Washington would be hard at work trying to avoid a 22% benefit cut. It’s true that several members of Congress have put forth proposals, but none have garnered much support so far. Partisan politics pose a significant challenge, but that’s not the…
The Internal Revenue Service and the Treasury Department released final regulations Wednesday identifying certain arrangements claiming to be charitable remainder annuity trusts as “listed transactions,” akin to tax shelters, requiring participants and their advisors to file disclosures about them or face penalties if they fail to disclose. Processing Content The final regulations describe a transaction…
Your ten-minute power-read for December 2025 Food for thought Our global food system is unsustainable. Its practices are inflexible, inefficient, and inequitable — but they don’t have to be. Read, click, and scroll on to explore the four keys to a better food system, and to see how a mixture of fresh ideas, nutritious cross-industry collaboration, and…
The Internal Revenue Service has provided an electronic way to file a protective claim for a possible tax refund related to the COVID-19 pandemic ahead of a July 10 deadline that may depend on court rulings. Processing Content The IRS added Form 843, “Claim for Refund and Request for Abatement,” to its Mobile Friendly Forms…
Your next move Make trust a boardroom topic. Although it’s impossible to fully inoculate a company against losses of stakeholder trust, many CEOs could do more to anticipate and proactively address potential areas of vulnerability. As our analysis demonstrates, trust isn’t an intangible soft topic. Value is at stake. This means trust should be prioritised as a boardroom topic…
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee announced that it will hold a meeting on Tuesday, July 21, 2026 at 10 a.m. to explore ways to modernize public market access and encourage IPOs and small public company capital formation. The meeting will be open to the public and held at the SEC’s headquarters at…
The IRS announced it will soon automatically abate three types of penalties — failure to file, failure to pay, and failure to deposit — for taxpayers with a history of timely compliance. The new process, called automatic exemption from penalty (AEP), replaces the long-standing first-time abatement (FTA) process, the IRS said in a Wednesday news…
President Donald Trump on Wednesday said he would make a long-shot bid to get the Supreme Court to rehear the case in which it ruled against his executive order that sought to sharply restrict birthright citizenship. The Supreme Court on June 30 held that babies born in the United States are automatically citizens under the…