Applied Intuition Co-founder and CEO Qasar Younis on bringing AI to military vehicles
CNBC's Morgan Brennan sits down with Applied Intuition Co-founder and CEO Qasar Younis to discuss the company's work to bring AI to more civilian and military vehicles, and the important of American innovation in the space as global competition heats up.
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The Hill
36 minutes ago
- The Hill
FedEx founder Fred Smith, a Marine Corps veteran who revolutionized package delivery, dies at 80
MEMPHIS, Tenn. (AP) — Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80. FedEx started operating in 1973, delivering small parcels and documents more quickly than the postal service. Over the next half-century, Smith, a Marine Corps veteran, oversaw the growth of a company that became something of an economic bellwether because so many other companies rely on it. Memphis, Tennessee-based FedEx became a global transportation and logistics company that averages 17 million shipments per business day. Smith stepped down as CEO in 2022 but remained executive chairman. Smith, a 1966 graduate of Yale University, used a business theory he came up with in college to create a delivery system based on coordinated air cargo flights centered on a main hub, a 'hub and spokes' system, as it became known. The company also played a major role in the shift by American business and industry to a greater use of time-sensitive deliveries and less dependence on large inventories and warehouses. Smith once told The Associated Press that he came up with the name Federal Express because he wanted the company to sound big and important when in fact it was a start-up operation with a future far from assured. At the time, Smith was trying to land a major shipping contract with the Federal Reserve Bank that didn't work out. In the beginning, Federal Express had 14 small aircraft operating out of the Memphis International Airport flying packages to 25 U.S. cities. Smith's father, also named Frederick, built a small fortune in Memphis with a regional bus line and other business ventures. Following college, Smith joined the U.S. Marines and was commissioned a second lieutenant. He left the military as a captain in 1969 after two tours in Vietnam where he was decorated for bravery and wounds received in combat. He told The Associated Press in a 2023 interview that everything he did running FedEx came from his experience in the Marines, not what he learned at Yale. Getting Federal Express started was no easy task. Overnight shipments were new to American business and the company had to have a fleet of planes and a system of interconnecting air routes in place from the get-go. Though one of Memphis' best-known and most prominent citizens, Smith generally avoided the public spotlight, devoting his energies to work and family. Despite his low profile, Smith made a cameo appearance in the 2000 movie 'Castaway' starring Tom Hanks. The movie was about a FedEx employee stranded on an island. 'Memphis has lost its most important citizen, Fred Smith,' said U.S. Rep. Steve Cohen of Tennessee, citing Smith's support for everything from the University of Memphis to the city's zoo. 'FedEx is the engine of our economy, and Fred Smith was its visionary founder. But more than that, he was a dedicated citizen who cared deeply about our city.' Smith rarely publicized the donations he and his family made, but he agreed to speak with AP in 2023 about a gift to the Marine Corps Scholarship Foundation to endow a new scholarship fund for the children of Navy service members pursuing studies in STEM. 'The thing that's interested me are the institutions and the causes not the naming or the recognition,' Smith said at the time. Asked what it means to contribute to the public good, he replied: 'America is the most generous country in the world. It's amazing the charitable contributions that Americans make every year. Everything from the smallest things to these massive health care initiatives and the Gates Foundation and everything in between,' he said. 'I think if you've done well in this country, it's pretty churlish for you not to at least be willing to give a pretty good portion of that back to the public interest. And all this is in the great tradition of American philanthropy.'
Miami Herald
an hour ago
- Miami Herald
This Gorgeous, 1-of-26, Piece of American Automotive History Can be Yours on BaT
The 1950s were a hotbed for independent automotive innovation. It was a time when lax rules and regulations meant that automakers and regular Joes could create what they thought was the next best American automobile. Although already an established name by that time, Hudson was not averse to embarking on new projects. One of those new projects gave birth to what I strongly believe to be one of the most unique cars to have ever seen the blacktop, and one of them is now for sale on Bring a Trailer. The Hudson Italia was created when Hudson's chief designer, Frank Spring, saw the publicity Chrysler had created with their Ghia-bodied creations. The Italia was bodied by the Italian Touring Supperleggera coachbuilding company, with some unique touches that truly gave it a jet-era look that would fit right at home in the Jetsons. The bodywork featured an inverted "V" centered in the front bumper, V-shaped brake-cooling scoops above the headlights, a wraparound windshield, brake-cooling scoops, upper door edges contouring into the roofline, and triple chrome tubes recessed into the rear fenders for the rear lights. A prototype was shown at various Hudson dealers around the country, with just 25 other examples produced between 1954 and 1955 before Hudson merged with the Nash-Kelvinator Corporation to form American Motors Corporation. This particular 1954 example, chassis 10007, was reportedly displayed at the 1954 Paris Motor Show before moving to Sweden in July 1955 with its first owner. It saw several more owners throughout the 1970s before another Swedish owner kept it for 22 years. It was later purchased by its current owner and imported to the US in 1999. Its 202ci Twin-H L-head inline-six was overhauled in 2011, and replacement twin Carter carburetors were installed. The bodywork was left unpainted and shows numerous patina scars, including dents, patches, primer, and a damaged windshield. It is also unfortunately missing its bumpers, which adds a tremendous amount of style to the car. The car retains its column-shifted three-speed manual transmission, four-wheel hydraulic drum brakes, independent front suspension, as well as its red and black leather upholstery that was reportedly re-dyed. Matching red carpeting was seemingly installed, but the dashboard and terrific-looking, wrapped two-spoke steering wheel remain intact. It sits on factory 15" Borrani wire wheels with wide whitewall tires that will absolutely need replacing. The odometer currently shows around 61,000 miles. Space-age, jet-era, regardless of what you want to call it, the time period of the Hudson Italia gave birth to some truly stunning moving art. As much as seeing this car in a shiny, period-correct paint job would be stunning, preserving it in its current worn state entices me more. Cars are only original once, and erasing the dents and scratches that help tell this piece of history's story is almost a tragedy to me. Regardless, the Bring a Trailer auction ends in 5 days with a current bid of a mere $10,000. The seller claims that many spare parts come with the car and that they have even 3D-scanned a fully restored Italia that the future owner of this one can use to make parts. It is definitely a daunting project, but how often do you get such a chance? Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Business Upturn
an hour ago
- Business Upturn
Key Home Goods Unveils Limited Edition Cutting Board Collection: Where Functional Art Meets Heritage Craftsmanship
DALLAS, June 21, 2025 (GLOBE NEWSWIRE) — Key Home Goods , a design-forward brand rooted in old-world craftsmanship and modern heritage, proudly announces the release of its Signature Collection, a limited-edition series of artisan-crafted end-grain cutting boards and designer charcuterie boards that merge timeless form with everyday function. Key Home Goods Signature Collection houndstooth cutting board. Each piece in the collection is meticulously handcrafted from American hardwoods, finished with a blend of food-safe oils and waxes, and showcases the brand's distinctive proprietary houndstooth patterns, a visual hallmark that has become synonymous with Key Home Goods. With production strictly limited, every board is reserved for those who seek beauty, exclusivity, and purpose in all that they do. At the heart of this launch is Andrew Key, a seventh-generation Texan, fine woodworker, and the founder of Key Home Goods. What began in 2019 as a pair of custom end-grain cutting boards made as wedding gifts for lifelong friends has grown into a full-fledged pursuit of heirloom craftsmanship. 'I never set out to start just another cutting board company,' says Andrew. 'I wanted to create something truly extraordinary, pieces to be cherished, passed down, and appreciated for both their function and elegance.' The Signature Collection represents more than kitchen tools; it's functional art, thoughtfully designed to elevate the rituals of cooking and gathering. Each board is book-matched for visual harmony, then assembled into a composition that's as structurally resilient as it is visually stunning, honoring the heritage of end-grain cutting boards while pioneering new ground in their design. 'Every board is made slowly, with intention,' Andrew explains. 'Owning a Key Home Goods board is an invitation to savor life's richest moments. A centerpiece for gatherings and a canvas for creating memories with those you love. No two are alike, but every one is designed to be the best board you'll ever own, and the last one you'll ever need.' The Signature Collection is available exclusively at , with early access to new releases offered to registered collectors. Each board ships in custom packaging and includes access to the brand's white-glove support and timeless warranty, known as the Timeless Guarantee. Media Contact:Andrew KeyKey Home Goods [email protected]
