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The Latest Breaking News from FAIR

Torrential Midwest flash floods turn state fair into water park and shut airports and roads with more to come

The rainfall broke a daily record in Milwaukee, Wisconsin

The Independent UK

Mark Zuckerberg Names OpenAI Veteran Shengjia Zhao As Chief Scientist Of Meta Superintelligence Labs

Meta Platforms Inc. (NASDAQ:META) has officially named Shengjia Zhao, a former OpenAI researcher, as Chief Scientist of its newly formed Superintelligence Labs.

Benzinga

Fair by Jen Calleja review – on the magic of translation

A highly original book from the author of Goblinhood explores the art and work of translating fiction

The Guardian - UK

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Key takeaways from Mark Zuckerberg's memo on Meta's new "Superintelligence" AI drive and big hires

The hiring spree and restructuring come as pressure mounts on Zuckerberg to justify Meta's massive capital spend on AI infrastructure

Fortune

Even $10 million offers may not fix Meta’s AI talent problem

Zuckerberg is throwing pro-athlete-level salaries at top AI researchers. But for many, prestige, trust, and tribal loyalties matter more.

Fortune

Meta’s ‘superintelligence’ effort with Scale AI founder highlights its scramble to keep pace in AI race

Zuckerberg is tapping a rising AI power broker in a high-stakes move to revive Meta’s generative AI ambitions after its recent Llama 4 flop and ongoing AI talent departures.

Fortune

Living through a 'low-attention disaster,' Mountain Fire survivors recover in LA's shadow

Nearly six months after the Mountain Fire displaced 750 people and destroyed 182 homes and other structures in Ventura County, survivors say recovery is more difficult without FEMA support and in the shadow of the LA fires

The Independent UK

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The California crisis in homeowners insurance has only one real solution

Real risks to homes remain deeply underpriced—as much as 10 to 20 times state estimates.

Fortune

Melting paint, robot vacuums and a hearse at Art Fair

The Melbourne Art Fair features the latest work from some of Australia's best known artists - with art from a few hundred dollars to more that $300,000.

AAP

Major players in the anti-DEI movement: Here's who's pressuring Goldman Sachs, Pfizer, IBM, and other Fortune 500 companies to drop their policies

A guide to the people and activist organizations who paved the way for Donald Trump's attacks on diversity practices in corporate America.

Fortune

California Politicians Now Want Oil Companies, Not Insurers, To Subsidize People Living in Wildfire Zones

A proposed state bill would allow individuals and insurers to sue oil companies for wildfires damages.

Reason

London Art Fair showcases global talent and British icons as it returns for its 37th year

With galleries from 18 countries and works ranging from Francis Bacon to emerging European artists, the 2025 London Art Fair celebrated its most international edition yet

The Independent UK

California's insurer of last resort has potential exposure to LA wildfires of nearly $5 billion and reinsurance of $5.78 billion

"The FAIR Plan, a not-for-profit catastrophe insurer, has the payment mechanisms in place to ensure all covered claims will be paid."

Fortune

‘A ton of unknowns’: months ago, LA residents lost wildfire insurance. Then the fires came

After insurers like State Farm dropped policies, to switch to the state’s Fair plan was prohibitively pricey for many

The Guardian - US

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Fortune

California homeowners could be on the hook for $1,000 or higher surcharge if FAIR Plan runs dry

"We are one event away from a large assessment," Victoria Roach, president of the FAIR Plan, said last year.

Reason

California's Insurance Regulation Fixes Came Too Little, Too Late

Decades-old, voter-approved restrictions on insurers raising premiums have created a regulatory disaster to match the natural one.

Fortune

An investor who spent $27 million on a mansion that burned down on 'Billionaire's Beach' only expects $3 million from insurance

Real estate investor Robert Rivani was planning to list the five-bedroom Malibu mansion this spring for $40 million.

Fortune

Just before wildfires hit, California told insurers to cover homes in risky areas—in exchange for passing on more costs

Insurers can incorporate reinsurance costs in their calculations for what they will charge consumers.

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The Independent UK

The LA wildfires will cause chaos for California’s home insurance market

New rules allowed climate change consideration in premiums

Fortune

How Mark Zuckerberg went all-in to make Meta a major AI player and threaten OpenAI’s dominance

Working with open-source models helped Llama catch up with ChatGPT; Meta stock, meanwhile, has reached all-time records.

Reason

Washington Sued for 'Racially Conscious' Homeownership Program

Washington's Covenant Homeownership Program excludes certain applicants on the basis of race.

The Texas Tribune

Fairgoers join Ken Paxton in suing Texas State Fair for allegedly violating their gun rights

Three fairgoers are requesting up to $1 million in damages and to allow guns at the State Fair.

Capital & Main

It’s Not Just Trump’s New York Rally — As President, He Appointed More Than a Dozen People With Ties to Racist Groups or Ideologies

Trump’s Madison Square Garden event has focused public attention on racism and hate within the former chief executive’s campaign. During his administration, figures connected to white supremacy had prominent roles.

Latin Times

Texas Supreme Court Deals New Blow to AG Ken Paxton, Upholds State Fair's Gun Ban

The attorney general had been waging a legal fight to overturn the decision, implemented after a shooting took place at the event last year

Latin Times

Court Rules Texas State Fair Can Ban Guns But AG Paxton Wants to Take it With the State Supreme Court

The event is set to start on Friday

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