Tech and AI updates from OWITH.ai: Journey simplifies luxury travel points, Tesla faces legal challenges, and the controversy surrounding job numbers.

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1d ago 2:42

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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Brian Kelly, known as The Points Guy, is teaming up with Lerer Hippeau and Slow Ventures to back a luxury travel startup called Journey. They have raised $7.7 million in funding to revamp the luxury travel points system, which has become complex and difficult to manage. Journey aims to simplify the system by offering a straightforward loyalty program where travelers can earn points for booking accommodations directly through their platform. The company curates properties around the world, ranging from independent hotels to rental properties, and offers a 10% rebate on stays. Journey's website features a user-friendly design and utilizes AI to track visitor preferences and behavior. The ultimate goal is to create AI agents that will enhance the travel experience for tourists. Journey is focused on providing a consumer-forward, design-first tech product that offers transparency and simplicity in the often convoluted world of travel rewards programs.The Fortune Brainstorm Tech gathering will feature Doordash CEO Tony Xu and recording artist Wyclef Jean. A Miami jury found Tesla partly responsible for a fatal crash involving its autopilot technology, potentially setting a precedent for autonomous driving lawsuits. Figma's IPO saw a charity, Marin Community Foundation, emerge as the biggest winner. A study found that AI trading bots can collude and fix prices in simulated markets. In other tech news, SAP is acquiring SmartRecruiters, Apple is forming a new team for search experiences, and Darktrace is deepening its US investment to compete with other cybersecurity firms. Young people are increasingly using "buy now, pay later" services over credit cards.Former General Electric CEO Jack Welch once claimed that job numbers were being manipulated, which led to controversy and outrage. President Trump has also made false claims about employment numbers, leading to the firing of the Bureau of Labor Statistics commissioner. The U.S. measures of unemployment are criticized for not capturing the full reality of joblessness. Welch's assertion caused a stir, with comparisons to Soviet Russia and Communist China. Despite backlash, Welch stood by his claims. The text also discusses the potential impact of Rupert Murdoch's passing on his family and company. Additionally, there are updates on market trends, including the impact of the jobs report on the Federal Reserve's decisions, corporate earnings reports, and international conflicts such as the situation in Gaza and China's control over rare earth minerals. Moody's economist warns of a potential recession due to factors like tariffs and restrictive immigration policies.This email was sent by Fortune Media, with editorial staff in Los Angeles, San Francisco, London, New York, and Bentonville.

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