Markets

Southwest Airlines and the Price of Abandoning a 53-Year Competitive Advantage
Southwest Airlines and the Price of Abandoning a 53-Year Competitive Advantage

Elliott Investment Management took an 11% stake in Southwest Airlines, forced the airline to abandon its 53-year...

Scarcity drives innovation — and DeepSeek proved it
Scarcity drives innovation — and DeepSeek proved it

A Chinese AI lab with 160 engineers, banned from buying top-tier chips, built a model that matched OpenAI's best — for...