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Napa Valley giant issues doomsday warning for wine industry as CEO steps down
‘Baywatch’ star David Charvet accused of killing dog in early morning hit-and-run
‘Baywatch’ star David Charvet accused of killing dog in early morning hit-and-run
Aubrey Plaza Tells ‘The View’ Pitching Her New Amazon Series ‘Kevin’ With Her Ex-Boyfriend Was “Cathartic”: “Kind of Like Couples Therapy But 20 Years Later”
Jeep-Maker Stellantis Signs AI Deal With Microsoft
Stellantis and Microsoft are teaming up in a five‑year strategic deal to accelerate the deployment of AI across the automotive company's large portfolio of brands, including Alfa Romeo, Chrysler, Jeep, Maserati, Peugeot, and others.
The companies plan to develop more than 100 AI initiatives across customer care, product development, and operations. These include predictive maintenance, AI-assisted testing and validation, faster rollout of digital features, and personalized in-car services.
"By leveraging AI‑driven insights from secure, encrypted data, Stellantis reaffirms its commitment to put customers at the center of everything it does," Stellantis wrote in a press release.
Stellantis will build an AI-driven global cyber defense center covering its IT systems, connected vehicles, factories, and digital products, with the objective of detecting threats faster and improving resilience across its operations.
One example of physical AI being integrated into vehicles is the one highlighted by the automaker.
For example, Peugeot drivers may receive intelligent recommendations for more energy‑efficient driving in urban environments, along with proactive vehicle-health insights and feature updates designed to improve everyday usability.
The Stellantis-Microsoft partnership appears to be an attempt to push the legacy automaker into the 21st century, though there is still no indication that future Stellantis vehicles will get an in-car chatbot like those already standard on Teslas.
Last year, Tesla rolled out an over-the-air software update that integrated Grok, xAI’s AI assistant. At the same time, drivers enjoy the luxury of the Full Self-Driving (Supervised) system, which offers autonomous driving. Together, these features show how Tesla is years ahead of legacy OEMs, with physical AI already present on America's highways.
Tyler Durden Thu, 04/16/2026 - 12:05NFL reporter Crissy Froyd celebrates Dianna Russini resignation: ‘We know who you really are’
NFL reporter Crissy Froyd celebrates Dianna Russini resignation: ‘We know who you really are’
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How to watch ‘Vanderpump Villa’ Season 3 for free: Release date, cast
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"It's Really Illiquid": Goldman COO Warns Retail About Private Credit And The "Perception Of Liquidity"
Speaking at Semafor’s World Economy event in Washington, D.C., President and COO of Goldman Sachs John Waldron warned that some managers have oversold how easy it is to get money out—especially to retail investors, who’ve helped balloon the market into a $1.7 trillion behemoth just as the space faces growing scrutiny and tighter conditions, according to Semafor.
“Not everybody has marketed their product as clearly as, certainly we would like to see with the clarity that this is really not a liquid product. It’s not semi-liquid. It’s really illiquid,” Waldron said.
“Those retail investors, I think, have the perception of more liquidity than is the reality.”
That mismatch matters more now. Private credit has been under pressure lately—from higher rates to jittery investors suddenly remembering they might want their cash back.
Semafor writes that Waldron isn’t predicting imminent trouble unless the broader economy cracks.
“This is an economy that has been predicted to be in trouble for a long time and shows extraordinary resilience,” he said.
“I still see that resilience.” He added, “This economy is much stronger than the narrative suggests.”
He said recent earnings don’t show “any real evidence” of serious weakness, and for now, “confidence is still pretty good,” though prolonged geopolitical tensions—like the ongoing conflict involving Iran—could start to erode that. If oil spikes and key routes like the Strait of Hormuz are disrupted, “you’re going to start to see demand destruction,” he warned.
The bigger watchpoint: liquidity.
Retail investors now make up roughly a fifth of the U.S. private credit market, drawn in by lower minimums—but not necessarily easy exits. Many of these funds cap withdrawals at around 5% per period.
“In situations where there’s a sense that there’s undercurrents of trouble in private credit, you could have more redemption pressure where people want their money back and their gates are going up because that’s the way the system works,” he concluded.
Tyler Durden Thu, 04/16/2026 - 11:25