Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s compared with $6.4 billion that VC firms invested in European AI ventures across 742 deals across the same period. Asia-based startups have fared a bit worse than their European counterparts, according to PitchBook. Between February and May, VCs invested just $3 billion in Asia-based AI startups across 515 deals. Under President Donald Trump, the U.S. has dramatically cut funding to scientific grants related to basic AI research, made it more difficult for foreign students specializing in AI to study in the U.S., and threatened to dismantle university-housed AI labs by freezing billions of dollars in federal funds. The administration’s trade policies, meanwhile, including its retaliatory tariffs, have led to a chaotic market unfavorable for risky new AI ventures. In a post on X in March, AI pioneer and Nobel Laureate Geoffrey Hinton called for billionaire Elon Musk, who until recently advised Trump’s cost-cutting group, the Department of Government Efficiency, to be expelled from the British Royal Society “because of the huge damage he is doing to scientific institutions in the U.S.” One might expect that Europe, which has pledged to become a global leader in AI, would attract more venture capital in light of Trump’s controversial policies in the U.S., which have created uncertainty and confusion for founders, investors, and researchers alike. Moreover, the EU has committed hundreds of billions of euros to support the development of AI within its member countries and already has a number of successful, well-funded AI startups in its ranks (see Mistral, H, and Aleph Alpha, to name a few). But that anticipated shift in global investment hasn’t come to pass. There isn’t any sign of a mass VC exodus to the bloc, or of significant upticks in AI funding overseas — at least not yet. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you’ve built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | June 5 REGISTER NOW The same is true for China, which has spawned high-profile AI startups like DeepSeek and Butterfly Effect — the company behind the agentic platform Manus — but where VC activity in the country and the broader Asian region remains relatively austere. (Export controls impacting the ability of certain Asian countries to procure AI chips are almost certainly a factor.) In 2024, North American startups secured 75.6% of all VC AI funding — $106.24 billion. That share has only increased this year. So far in 2025, North American AI investments represent 86.2% ($79.74 billion) of all VC funding for AI globally. It paints a somewhat surprising picture. Even amid mounting political and regulatory headwinds under Trump’s second term, the U.S. remains the undisputed center for AI capital, meaning investors, fatigued as they may be by the administration’s unpredictability, are still counting on U.S. innovation to deliver the biggest returns, at least for now.

A Bridgehampton home that Susan Breitenbach, a Hamptons real estate agent, sold for more than $14 million in May 2025. Courtesy of Susan Breitenbach 2025-06-05T08:07:01Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Hamptons home sales are booming despite stock market volatility and recession fears. Home sales were up about 86% in the first quarter over the same time period in 2024. Prices and sales are soaring in the beach destination despite Wall Street volatility. As Wall Street reels with every twist and turn in President Donald Trump's trade war, there's little sign of economic uncertainty in Manhattan's favorite beach destination just 100 miles east.Demand for luxury real estate in the Hamptons is only growing. Sales and home prices have surged over the last year.Rising prices in the tony enclave are nothing new. The pandemic ushered in a surge of buyers looking to escape the city. The median sales price of homes in the Hamptons in the first quarter of 2025 was more than $2 million, a 13% increase over the previous year and nearly double what it was five years ago, according to a recent Douglas Elliman report.Perhaps more notably, the pace of sales is also soaring this year. Sales were up about 86% in the first quarter over the same time period last year, according to the Douglas Elliman report. That's after home sales fell in the wake of the pandemic buying frenzy, and haven't returned to the highs of 2020."The tired story of the housing recovery coming out of the pandemic is high prices, low sales," Jonathan Miller, who leads the real estate appraisal and consulting firm Miller Samuel and authored the Douglas Elliman report, told Business Insider. "The Hamptons doesn't fit that pattern. It's high prices and high sales."Miller added that the sharp rise in sales is "unusual and counter to the prevailing trends."Susan Breitenbach, a top Hamptons real estate agent with the Corcoran Group, said she's closed more deals so far this year than in all of 2024. She's sold a slew of luxury homes, including a $17.5 million oceanfront property in Bridgehampton, an Amagansett home for $13 million, a Sag Harbor home on less than an acre for $21 million, and a Southampton house for $5.6 million. "It was really very surprising," Breitenbach, who's been selling property in the Hamptons for more than 30 years, told BI. A Southampton home Breitenbach sold for $5.6 million in May 2025. Courtesy of Susan Breitenbach While some agents like Breitenbach are closing deals at the highest end of the market, the middle of the Hamptons market — homes between $1 million and $5 million — has driven the uptick in sales. These "meat and potatoes" sales, Miller said, are way up.So-called "tangible assets," like luxury real estate in very in-demand markets, can be particularly attractive to certain investors when markets are wobbly.Global stocks plummeted following Trump's "Liberation Day" tariffs announcement, and while they've mostly rebounded since the administration walked back some of their tariffs, markets are on edge. In early June, the Organization for Economic Co-operation and Development cut its forecast for the US economic growth rate in 2025 from 2.8% to 1.6%, citing Trump's trade policies."Hamptons real estate has a long history of appreciating over time," Andrew Saunders, president of the Hamptons real estate brokerage Saunders & Associates, told BI. Some more cautious buyers "might look at what's happening in the world at large and say, 'You know what, I'm going to wait a month or two and let the world take a few spins and see what happens.' But we're not seeing that occur en masse."Miller credited big Wall Street bonuses in 2024 for some of the spike in sales and agreed that market volatility could be pushing some to diversify their investments.The Hamptons rental market might be more sensitive to economic uncertainty. Breitenbach said rental interest was much higher than usual in January but has since fallen off. Miller, who doesn't track rentals in the Hamptons, added that an increase in sales would naturally lead to a drop in rental demand.Breitenbach recently listed a home on 2.5 acres of oceanfront property in Water Mill, which sits between Southampton and Bridgehampton, for $44.5 million. "It's not about the house, it's about the land," she added. "And that's a deal." A Southampton home Breitenbach sold for nearly $12.7 million in January. Courtesy of Susan Breitenbach Hamptons buyers are from all over. Breitenbach said she's seen an uptick in California buyers this year, and she still has foreign buyers. But a large share of her clients are still Manhattanites."A lot of it is the high-end New York — Manhattan — buyers, because there aren't many places they can go on the weekends," she said.Breitenbach said Memorial Day weekend this year felt more packed than ever out east, even with cooler-than-normal weather. "It looked like Fourth of July," she said.She doesn't expect market volatility and even threats of a recession to change that."It's going to be a busy summer in the Hamptons regardless," Breitenbach said. "People keep coming out here no matter what's going on."

designer491/Getty Images 2025-06-05T08:27:25Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Scott Edinburgh is still advising international students to apply for MBAs this year. US MBA programs can offer more networking and job opportunities than their European counterparts, he said. Sitting on the decision to apply for too long may hurt a candidate's acceptance chances. This as-told-to essay is based on a conversation with Scott Edinburgh, a Boston-based MBA admissions consultant. It has been edited for length and clarity.I launched an admissions consulting business in 2008 — it's a family business that I run with my sister.We get a lot of international students, and they sometimes make up half our clients for the year. Our reach matches what many schools are seeing. There is a lot of interest from India and China, as well as growing numbers in Europe, the Middle East, and some countries in Africa. For MBA programs, most students are in their mid- to late 20s and have some years of work experience.We offer guidance for universities in Europe and some other places, but there are still some unique features about pursuing an MBA in the US. An MBA as a course is more popular in the US than Europe and it opens up more networking opportunities, and the degree holds a bit more value. US programs are also stronger from a recruiting and job standpoint. It also comes down to where you want to establish yourself. If you want to live in the US, there's no better way to do it than to study here.Given the uncertainty surrounding US immigration policies, we've been getting questions about studying and working in the US and seeing some students apply to European schools instead. Still, there are a couple of reasons tons of students are still keen on pursuing an MBA in the US and why I recommend they apply now.Schools are working hard to keep international studentsI'm getting questions about the US being open to accepting international students and the risks of studying here.There are over 1.1 million international students in the US right now, and they're not all being kicked out and told to leave. There's a lot of hesitation among some international students about their ability to show up on campus.But what we're seeing from talking with deans and councils is that schools are doing a lot so that they can have their international students. These students make up a large percentage of the class at top business schools. Their legal teams are quite strong, and we've seen a lot of court interventions to uphold the rights and opportunities for international students.While it seems like there's an issue now, it's probably going to work itself out. People hesitating means there are fewer applicants, which means you're more likely to get in.You're not entering the job market nowPeople are worried about the job market not being great, and they're reading jobs reports that are coming out from these schools. We tell them you're not applying to apply for a job now. Things are cyclical. If you're applying to business school in 2025 and graduating in 2028, that's three years from now. The chances are that the job market will not be in the same place three years from now.Right now is the absolute best time to apply. This will be the best round in the span of many rounds that I've seen as far as acceptance rates go. The market is not great job-wise wise and you can spend that time educating yourself. You won't be missing out on huge promotions, huge raises, and new jobs. By the time you graduate, things may start to improve.MBAs are time-boundThe job market and political situation add an element of risk, but those who are looking to get ahead will find a way to succeed.Students often forget that the MBA is a time-bound program, and waiting too long to apply while the situation clears up might make it too difficult to get in.Universities prefer those in their mid- to late 20s because they are easier to place into jobs and because they want cohorts to mesh well. The median number of years of experience is five, and as you go further down the bell curve, there are just fewer and fewer spots that are available.Unless you are in your early 20s, you could be shooting yourself in the foot by delaying by one or two years. The fear of what might happen from a policy standpoint becomes irrelevant if you don't get into a program in a future year.Do you have a story to share about international graduate students in the US? Contact this reporter at sgoel@businessinsider.com.

Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s compared with $6.4 billion that VC firms invested in European AI ventures across 742 deals across the same period. Asia-based startups have fared a bit worse than their European counterparts, according to PitchBook. Between February and May, VCs invested just $3 billion in Asia-based AI startups across 515 deals. Under President Donald Trump, the U.S. has dramatically cut funding to scientific grants related to basic AI research, made it more difficult for foreign students specializing in AI to study in the U.S., and threatened to dismantle university-housed AI labs by freezing billions of dollars in federal funds. The administration’s trade policies, meanwhile, including its retaliatory tariffs, have led to a chaotic market unfavorable for risky new AI ventures. In a post on X in March, AI pioneer and Nobel Laureate Geoffrey Hinton called for billionaire Elon Musk, who until recently advised Trump’s cost-cutting group, the Department of Government Efficiency, to be expelled from the British Royal Society “because of the huge damage he is doing to scientific institutions in the U.S.” One might expect that Europe, which has pledged to become a global leader in AI, would attract more venture capital in light of Trump’s controversial policies in the U.S., which have created uncertainty and confusion for founders, investors, and researchers alike. Moreover, the EU has committed hundreds of billions of euros to support the development of AI within its member countries and already has a number of successful, well-funded AI startups in its ranks (see Mistral, H, and Aleph Alpha, to name a few). But that anticipated shift in global investment hasn’t come to pass. There isn’t any sign of a mass VC exodus to the bloc, or of significant upticks in AI funding overseas — at least not yet. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you’ve built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | June 5 REGISTER NOW The same is true for China, which has spawned high-profile AI startups like DeepSeek and Butterfly Effect — the company behind the agentic platform Manus — but where VC activity in the country and the broader Asian region remains relatively austere. (Export controls impacting the ability of certain Asian countries to procure AI chips are almost certainly a factor.) In 2024, North American startups secured 75.6% of all VC AI funding — $106.24 billion. That share has only increased this year. So far in 2025, North American AI investments represent 86.2% ($79.74 billion) of all VC funding for AI globally. It paints a somewhat surprising picture. Even amid mounting political and regulatory headwinds under Trump’s second term, the U.S. remains the undisputed center for AI capital, meaning investors, fatigued as they may be by the administration’s unpredictability, are still counting on U.S. innovation to deliver the biggest returns, at least for now.

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Things have been quiet on the Apple Watch front lately. Too quiet. In fact, sales are down for the second year in a row, and just last quarter, Xiaomi overtook Apple to become the top wearable brand worldwide. The good news is that the Apple Watch line is due for a refresh. Here’s what’s coming. Apple Watch SE 3 (or what if: Apple Watch Series 11e?) It’s been almost three years since Apple announced the Apple Watch SE 2. It kept the same overall design from the original SE, got a 30% larger display, and gained the S8 SiP processor, giving it a 20% performance bump. This September, Apple is expected to announce its successor. Hardware and software While rumors have been circulating for the better part of the last several months about Apple replacing the current aluminum case with a “rigid plastic” case, these plans seem to have been shelved. While there haven’t been leaks regarding an increase in case or screen size, it would make sense to expect the options to go from 40/44mm to the current 42/46mm, or a bezel reduction, which would give it more screen real estate while maintaining the footprint. Expect also a SiP upgrade, bringing it on par with the upcoming Series 11 lineup, a much welcome upgrade against the current Series 8-era S8 SiP for the SE 2. Price Alongside the material change rumors, there had been rumblings about Apple lowering the price of its entry-level watch. However, that seems unlikely, given the recent tariff turmoil and the apparent reversal of Apple’s plans to change the material. It would be safe to expect the Apple Watch SE 3 to start at the same $249 as the current version, if not a tad above that, in case Apple decides to send the Apple Watch SE the way of the iPhone SE, and introduce a more expensive entry-level Apple Watch Series 11e. Apple Watch Series 11 2024 saw the 10th anniversary of the Apple Watch announcement. However, 2025 marks the 10th anniversary of its release. This gave Apple two opportunities to release a 10-year anniversary edition of the Apple Watch, and the company has already skipped the first. This September, it might skip the second. To be fair, it looks like Apple did have a plan to release a 10th-anniversary Apple Watch band, but the company seems to have given up on that as well. Hardware and software Currently, it looks like any significant changes to the next generation of the main Apple Watch line should come from within. Alongside a predictable S11 SiP chipset update, the Apple Watch Series 11’s biggest draws should be software rather than hardware-focused. Apple is slated to debut an AI-based health coach that will use data collected by the Apple Watch and from other sources to offer a comprehensive, tailor-made health guide. At the same time, watchOS 12 is expected to adopt the same visual cues that iOS 19, macOS 19, and iPadOS 19 seem to be destined to adopt from visionOS. As for dimensions, a size increase doesn’t sound likely, as the current 42/46mm options already feel too large for some customers, but don’t rule out a small bezel shaving for a few extra pixels in screen dimensions. Price Just like with the Apple Watch SE, it would be wise to bet on similar-if-not-slightly-higher price points to make up for the uncertainty surrounding tariffs. The current Apple Watch line starts at $399, so don’t expect anything below that. Apple Watch Ultra 3 Last year, while many expected Apple to announce an Apple Watch Ultra 3, it announced a satin black option for the Apple Watch Ultra 2. This September, though, it might be different. Hardware and software There have been no reports about Apple planning to move away from titanium with the new Apple Watch Ultra. So, like the Apple Watch Series 11, this year’s update will probably rely on new features as a differentiator from its predecessor. According to leaks by Mark Gurman, the next-generation Apple Watch Ultra is slated to get 5G connectivity, as well as high blood pressure detection. The latter, it seems, will work in the same way as Apple currently measures body temperature and sleep apnea: instead of offering real-time data, it offers a rough trend overlook and warns the user when something seems off. Also, Apple is working to add independent satellite messaging to the Apple Watch Ultra 3, which will definitely be a welcome addition to those who live up to the Ultra’s sales proposition. Price The Apple Watch Ultra 2 currently starts at $799, which is quite pricey. There’s no sign Apple plans to lower the price, and given the risk of surprise tariffs, it’s unlikely they’ll raise it either. This model is probably the most stable in the lineup when it comes to pricing, but if there is one thing we have learned these last few months, it is that nothing is set in stone. Are you in the market for a new Apple Watch? Have you been holding off on buying one until new versions are announced? Let us know in the comments! Best Apple Watch deals currently on Amazon Add 9to5Mac to your Google News feed.  FTC: We use income earning auto affiliate links. More.You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel