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   DealBook: A blow to tracking gun purchases
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   Also, another big leap for Chinese A.I.
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             July 17, 2026
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          Good morning. Andrew here.
         </span>
         <span>
          There are two big developments we’re watching. One is the release of Kimi K3, a huge new open-source model by the Chinese A.I. start-up Moonshot that appears to outperform bleeding-edge Western models like Anthropic’s Fable in some tests. It could threaten the valuation of American A.I. giants, and may further erode Silicon Valley’s thesis around closed-source A.I.
         </span>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
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          The other is President Trump’s prime time address last night contending that U.S. voting systems are compromised. (Documents that he released
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          don’t appear to back up
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         <span>
          his most aggressive claims.) The president’s speech raises new questions about the stability of election processes and introduces both political risks and potential market volatility. (Was this newsletter forwarded to you?
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         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Sign up here.
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          )
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            <span class="css-14cus5q" style="display:inline-block;width:83%;max-width:500px;text-align:left">
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              The House recently passed a bill that would bar the use of merchant codes that apply specifically to firearm retailers.
             </span>
             <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
              Paul Ratje for The New York Times
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        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          A bill to bar gun retailer merchant codes
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          This week, the House quietly passed a bill that drew little attention. Yet it connects directly to a subject we have covered extensively here.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The legislation, the
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Protecting Privacy in Purchases Act
         </a>
         <span>
          , prevents credit card networks and banks from using a unique merchant category code, or M.C.C., for firearms retailers.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Instead, gun dealers must be grouped under broader classifications like “general merchandise” or “sporting goods.”
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The background:
         </span>
         <span>
          After the school shooting at Parkland, Fla., in 2018, I wrote about common-sense ways the financial industry could help identify suspicious purchasing patterns before mass shootings occur.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          In my reporting, I discovered a bizarre gap: Credit card companies and banks
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          had no way
         </a>
         <span>
          to flag huge gun and ammunitions purchases because, inexplicably, gun retailers didn’t have their own M.C.C.
         </span>
        </p>
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Virtually every other kind of company has its own merchant code, including airlines, pet shops, bowling alleys and billiards halls.
               </span>
              </li>
             </ul>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          After that reporting, the International Organization for Standardization, which oversees payment codes,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          approved a specific M.C.C.
         </a>
         <span>
          for firearms retailers. Major credit card companies
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          agreed to use it
         </a>
         <span>
          . But several Republican-led states quickly moved to ban use of the code within their borders, while multiple Democratic ones passed laws mandating its adoption.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The House bill seeks to end that battle — by banning the code nationwide.
         </span>
         <span>
          From the legislation:
         </span>
        </p>
        <p class="css-14jlz04" style="font:17px/25px georgia,serif;margin:0 50px 15px;color:#666">
         <span>
          To prohibit payment card networks and covered entities from requiring the use of or assigning merchant category codes that distinguish a firearms retailer from general-merchandise retailer or sporting-goods retailer, and for other purposes.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:20px 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The merchant code may be swallowed up by the culture wars.
         </span>
         <span>
          Proponents of banning use of the code say that it’s a step toward a “backdoor gun registry.” Gun safety advocates contend that such a move bars a vital tool for spotting gun traffickers and mass shooters.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The legislation is headed to the Senate. But a tool designed to help prevent deadly shootings has become entirely politicized.
         </span>
        </p>
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           <h3 style="color:#000;font:700 17px/25px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
            <span>
             HERE’S WHAT’S HAPPENING
            </span>
           </h3>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Big-ticket donors keep Republicans competitive in midterm election fund-raising.
         </span>
         <span>
          While Democratic candidates for the Senate have
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          outraised their rivals
         </a>
         <span>
          in every major state except Iowa, super PACs linked to Republicans are
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          raking in money
         </a>
         <span>
          from wealthy individuals and companies. (Separately, The Wall Street Journal tallied
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          more than $781 million
         </a>
         <span>
          in donations and other payments to groups linked to President Trump since the 2024 election.)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Chevron may invest in a pipeline through Iraq to avoid the Strait of Hormuz.
         </span>
         <span>
          The American oil company is set to sign a deal to
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          invest in two Iraqi oil fields
         </a>
         <span>
          and join investors considering building a pipeline that would connect Iraq with the Syrian coast.. Iran’s attacks on ships transporting oil through the strait have pushed oil producers in the region to scramble to find alternative routes.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Netflix says its sales growth will keep slowing.
         </span>
         <span>
          Shares in the streaming giant are down almost 11 percent in premarket trading today after the company yesterday
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          projected revenue and profits
         </a>
         <span>
          for the next quarter that are lower than Wall Street’s expectations. Investors have
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          soured on Netflix
         </a>
         <span>
          as it struggles to achieve meaningful growth for its giant subscriber base and suffers from a drought of new hit shows.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          A White House teleprompter operator is being investigated for betting on what Trump would say.
         </span>
         <span>
          The prediction market Kalshi flagged bets made by the operator to the Commodity Futures Trading Commission after he
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          won about $100,000
         </a>
         <span>
          wagering on words that would appear in the president’s speeches. Kalshi and its rival Polymarket have faced increasing scrutiny over potential instances of insider trading, including by government workers.
         </span>
        </p>
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           <td style="text-align:center">
            <img alt="A booth bearing the Kimi name in big white letters, as people walk past it." class="css-18ei5jy" height="333" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2026%252F07%252F17%252Fmultimedia%252F17db-kimi-vptm%252F17db-kimi-vptm-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODQyODk4MzkuNzgwODcwN30:1wkhIN:67BznrF86arHodqKY5-VkjYw7oi4RH82tsCsJ2_5Wu4" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:8px" width="500"/>
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            <span class="css-14cus5q" style="display:inline-block;width:83%;max-width:500px;text-align:left">
             <span style="color:#666;font:normal 14px georgia,serif">
              The release of the latest Kimi artificial intelligence model by Moonshot, a Chinese start-up, has investors worried about the state of the A.I. race.
             </span>
             <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
              Go Nakamura/Reuters
             </span>
            </span>
           </td>
          </tr>
         </tbody>
        </table>
        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          A big step for Chinese A.I.
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Here are the artificial intelligence headlines moving markets.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Moonshot:
         </span>
         <span>
          The Chinese A.I. start-up, which is backed by Alibaba,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          released Kimi K3
         </a>
         <span>
          , an open-source model whose
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          performance in industry benchmarks
         </a>
         <span>
          rivals that of the most powerful models from OpenAI and Anthropic. The release helped
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          drag down A.I. stocks worldwide
         </a>
         <span>
          , with some analysts comparing it to last year’s unveiling of a then-advanced DeepSeek model, and underscores how A.I. labs in China have caught up to American peers faster than expected. (FT, VentureBeat, Bloomberg)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          SpaceX:
         </span>
         <span>
          The rocket and artificial intelligence company founded by
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Elon Musk
         </span>
         <span>
          has been
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          beset by internal chaos
         </a>
         <span>
          , including employees being fired without being told, the departure of all of Musk’s co-founders and the failure of a major effort to create a software-programming agent called Macrohard. (Bloomberg Businessweek)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The company’s share price closed
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          below its I.P.O. price
         </a>
         <span>
          yesterday. Its decline helped drag down returns from U.S. initial public offerings this year to below that of the S&amp;P 500. (Bloomberg)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Google:
         </span>
         <span>
          The tech giant has reportedly
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          delayed the launch of Gemini 3.5 Pro
         </a>
         <span>
          , its most powerful A.I. model, for months because its coding capabilities have fallen short of internal goals. Google leaders are said to worry that the company is at risk of falling behind Anthropic and OpenAI. (Bloomberg)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The E.U. ordered Google to
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          give competing makers of A.I. assistants
         </a>
         <span>
          access to its Android operating system so users can access those tools via voice commands. The orders come as Google faces hefty E.U. fines for favoring its own services; earlier this month,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Google paid
         </a>
         <span>
          a fine of 4.6 billion euros (about $5.3 billion) to the bloc. (NYT, Politico)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          IBM:
         </span>
         <span>
          Here’s a
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          behind-the-scenes look
         </a>
         <span>
          at the company’s decision to preview disappointing quarterly results, leading to the worst one-day plunge in IBM’s history.
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Arvind Krishna
         </span>
         <span>
          , IBM’s chief executive, and his board chose to be candid about the company’s failure to get ahead of customer spending on A.I. (WSJ)
         </span>
        </p>
        <table width="100%">
         <tbody>
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           <td class="css-36ugzx" style="padding-bottom:15px">
           </td>
          </tr>
          <tr>
           <td style="border-top:1px solid #dcdcdc;padding-bottom:15px">
           </td>
          </tr>
         </tbody>
        </table>
        <table border="0" cellpadding="0" cellspacing="0" style="width:100%">
         <tbody>
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           <td style="text-align:center">
            <img alt="A pool table with the Poolhouse logo on it and a large projector above it." class="css-18ei5jy" height="375" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2026%252F07%252F17%252Fmultimedia%252F17db-poolhouse-tplc%252F17db-poolhouse-tplc-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODQyODk4MzkuNzgwOTc0MX0:1wkhIN:filo8IoClI2TJC1eZrRW6kUsB_IT5i7HLgWeUT0GWhQ" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:8px" width="500"/>
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           <td class="css-1b9cqt1" style="text-align:center;width:100%;padding-bottom:15px;line-height:14px">
            <span class="css-14cus5q" style="display:inline-block;width:83%;max-width:500px;text-align:left">
             <span style="color:#666;font:normal 14px georgia,serif">
              Poolhouse, a pool start-up from the creators of Topgolf, runs upscale billiards halls and plans to sell the technology that they run on.
             </span>
             <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
              Sam Bush for The New York Times
             </span>
            </span>
           </td>
          </tr>
         </tbody>
        </table>
        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          A Topgolf for pool raises fresh capital
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Over two centuries, pool halls have gone both upscale and down market, but the playing experience has been largely the same.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Now Poolhouse, a start-up pool company that aims to do for cue sports what Topgolf did for the driving range, has
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          raised a new round of financing
         </a>
         <span>
          — and aims to eventually sell its technology platform to others, Michael de la Merced is the first to report.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Poolhouse has raised $55 million
         </span>
         <span>
          in a round led by the investment firm Bluestone Equity Partners. It values the start-up at more than $100 million, DealBook hears.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          What is Poolhouse?
         </span>
         <span>
          The two-year-old start-up was founded by
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Steve and Dave Jolliffe
         </span>
         <span>
          , the twin British entrepreneurs who created Topgolf and PuttShack, a similar concept but for miniature golf.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Like those companies, Poolhouse was born out of a plan to make age-old games flashier, more accessible (especially to non-pros) and social. The start-up opened a two-story, 21,000-square-foot pool hall in central London two months ago, complete with a chef from Gordon Ramsay’s restaurant empire and ritzy Las Vegas-themed bars.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Its main selling point is technology.
         </span>
         <span>
          Poolhouse developed BillyQ, a platform developed by the same team that created the Hawk-Eye ball-tracking technology used in professional baseball, tennis and more.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          BillyQ uses cameras, artificial intelligence and projectors to track performance, help less experienced players and let users participate in games like block-breaking competitions. To even out competition, it also assigns players handicaps that continue from game to game.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          “We’re always trying to build a competitive moat around ourselves,” Steve Jolliffe told DealBook.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The company sees BillyQ as a major part of its future.
         </span>
         <span>
          While the projectors used by the technology are currently chunky, the company is working to shrink them and make them less expensive. (
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Andrew O’Brien
         </span>
         <span>
          , Poolhouse’s C.E.O., expects them to eventually cost about as much as a Peloton bike.)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Poolhouse plans to sell them to other pool hall operators and a wide range of hospitality companies, including hotels, movie theaters and cruise ships.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          “It’s understandable to think about this as Topgolf for pool, but I think that understates the opportunity,”
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Bobby Sharma
         </span>
         <span>
          , the founder of Bluestone, told DealBook. “Poolhouse is a bigger story in that it’s not just the venue format, it’s the technology.”
         </span>
        </p>
        <table border="0" cellpadding="0" cellspacing="0" style="width:100%">
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           <td height="10">
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            <div style="width:100%;text-align:center;line-height:0">
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            <span style="text-align:center">
             <table border="0" cellpadding="0" cellspacing="0" style="margin:0 auto">
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                <td style="line-height:0;font-size:0">
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                  <img alt="Ad" border="0" class="css-63f6sn" src="https://inboxflows.com/_/image/https%253A%252F%252Fliveintent.newyorktimesinfo.com%252Fimp%253Fs%253D791919%2526li%253DDK%2526m%253Ddfbfebeec3e396a6cb1a8b032a80246c%2526p%253DDK_20260717%2526stpe%253Ddefault%2526li_coord%253Ddesktop%2526collapse_width%253D600/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZsaXZlaW50ZW50LiIsInRpbWUiOjE3ODQyODk4MzkuNzgxMTg0fQ:1wkhIN:S0zYsWSStyjWvY8S62mTd_-fB1SLQdUYg6lr7I3zunk" style="display:block;width:100%;max-width:600px" width="600"/>
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           <td style="text-align:center">
            <img alt='A chat bubble that reads, "How do you use AI? What are your best use cases?" The bubble underneath indicates a pending response.' class="css-mcckse" height="167" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2025%252F06%252F27%252Fbusiness%252Fdb-talking-ai-new%252Fdb-talking-ai-new-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3ODQyODk4MzkuNzgxNDY3Mn0:1wkhIN:3WGoBbGboOVVyCNw22HKJuMiN-RhBJyECIuPc9b83q8" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:20px" width="500"/>
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        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          Talking A.I. with the C.E.O. of Honor Technology
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-style:italic">
          Every week, we’re asking a leader how he or she uses artificial intelligence. This week,
         </span>
         <span style="font-style:italic;font-weight:700;font-family:arial,sans-serif;color:#000">
          Seth Sternberg
         </span>
         <span style="font-style:italic">
          , who leads Honor Technology, an operator of a senior care network, told DealBook’s Sarah Kessler that A.I. could help more aging adults stay in their homes. The interview has been condensed and edited.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          How do you personally use A.I.?
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          My 8-year-old co-plays video games with it. He tells Google Home, which has Gemini, “I’m about to approach the fence with my goblin and I jumped to the left. Was that the best move?” And it says, “Actually, if you go under the fence, you’re likely to get more points.”
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          That’s what an A.I. native looks like.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          If everybody is using A.I., is the game still a challenge?
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          It’s like I tell my employees about how I want them to use A.I.: You have to be A.I.-assisted, or you’re not going to be as productive as you would otherwise. But you own the work and you own the judgment.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
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          How has generative A.I. shaped your business?
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Before generative A.I., it took us three months to write a feature that looked at care notes after a visit. A computer scanned the notes to figure out if a customer may have fallen and it hadn’t been reported. It would flag phrases like, “I arrived at the home and Mrs. Smith was on the floor.”
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Today, we can build a feature like that in three hours.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Longer term, how do you think A.I. could shape your industry?
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The biggest unlock by far is devices in the home. They can be robots. Or they can be sensors that monitor wellness and connect to a network like ours. Having a human being there for 12 hours a day is just too expensive for most people to afford. But if the device sends a signal, we can call and say, “Are you doing OK? Do you need to talk to a nurse?”
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            <span>
             THE SPEED READ
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          Deals
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                Citadel Securities invested
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                $400 million in Crypto.com
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                , valuing the digital currency exchange at $20 billion. (Reuters)
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                Wonder, the food delivery company that owns Grubhub,
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               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                raised more than $650 million
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                at a $9 billion valuation — and plans to go public next year. (Fortune)
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                The Trump administration plans to
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               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                cap the duration of international student visas
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                to four years. The move comes as overseas students
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                increasingly shun the U.S.
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                for more welcoming countries. (WSJ, Bloomberg)
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                “Nike Was the Poster Child for Diversity Efforts.
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                That Made It a Trump Target.
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                ” (NYT)
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              </li>
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          Best of the rest
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                The C.D.C. has linked an outbreak of cyclosporiasis to
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                lettuce supplied by Taylor Farms
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                to Taco Bell restaurants in at least five states. (NYT)
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              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
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                A biography of the Times reporter Kashmir Hill was available for purchase on Amazon. Two problems: She didn’t authorize it — and
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                it was A.I. slop
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                . (NYT)
               </span>
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