Home Blog

Inside India’s AI Summit: Robot fraud, gridlocked roads, shirtless protests, and an AWOL Bill Gates



Yoshua Bengio, like many participants of India’s AI impact Summit, was running late. 

By 6 p.m., the New Delhi roads were too gridlocked for the deep learning pioneer, known as one of the “godfathers” of AI, to successfully make it to an event discussing the International AI Safety report he chaired. Instead, he delivered his address to the group gathered at the Canadian Embassy via a blurry video link. 

“We were stuck in a roadblock for 45 minutes,” Bengio explained amid apologies, adding that he had to reroute to ensure he didn’t miss a dinner with the Indian Prime Minister. Bengio did, at least, make it to the dinner, unlike Sara Hooker, CEO of Adaptation Labs, who wasn’t quite so lucky. 

“[I] got stuck in traffic getting back to the venue after I changed into gala attire,” Hooker said in a social media post. “Would have been honored to attend. But after 4 hours in traffic I was equally honored to sit down to really excellent room service at 11 pm.”

The logistical chaos was a fitting background for the week, which was a mix of investment announcements, gridlocked international diplomacy, and people stuck in actual traffic jams. India’s AI Impact Summit was the fourth in a series of global AI summits—following those held at Bletchley Park in the U.K., Seoul, and Paris—and the first to be held in the Global South. More than 20 heads of state, the CEOs of the world’s leading AI companies, and delegates from over 80 countries had gathered in New Delhi with the hope of forging a credible path for middle powers to shape the AI era, and to ensure that the technology’s benefits don’t remain concentrated among a handful of American and Chinese companies. 

To its credit, the summit did deliver a diplomatic declaration that got 88 countries and international organizations to commit to inclusive AI development. It also produced a set of voluntary governance commitments for frontier AI companies and announced over $200 billion in investment. The execution, however, at points descended into farce.

Organized chaos 

From the first day it was clear that the summit’s execution was unlikely to meet its lofty ambitions. New Delhi is infamous for its terrible traffic but, as attendees quickly learnt, when various heads of state or important global business leaders need to navigate around, the police close the roads completely to help speed the VIPs through the city. This practice, known locally as “VIP movements,” may be fine when just one or two VIPs is in town, but it causes hours-long traffic jams when a summit brings dozens and dozens of heads of state and global CEOs to the city at once. The result was that speakers, delegates, and journalists were stranded across the city, often missing meetings and speaking events.

In one more amusing moment, hotel guests waiting in the lobby of Delhi’s Imperial Hotel were shuffled into a cramped corridor to make way for an incoming VIP—only for a second security guard to come running over, insisting that two of the men now squeezed into the corridor were his VIPs from America and needed elsewhere. (These protests fell on deaf ears and no one moved for at least 10 minutes.)

The closed roads had the worst knock-on effects for the delegates, with some attendees describing walking miles through Delhi to get out of the conference, with no taxis available and no shuttle services in place. 

The summit’s main venue was also overcrowded and chaotic. People complained of long queues, over-crowded rooms, poor communication infrastructure, and a bizarre and ever-changing entry policy. One attendee said she travelled three hours through the traffic only to be left waiting in an entry queue for another two hours. Many complained of a “VIP culture” at the summit that left people feeling like third-class citizens. 

Stolen devices, a shirtless protest, and a fake robot dog

On the first day, exhibitors also said they were thrown out of the venue with no warning at around midday to  accommodate a visit from India’s Prime Minister Narendra Modi. The gates were then closed to new and returning attendees until around 6 p.m., causing commotion outside the venue and leading to tense scenes between impatient attendees and police. 

Dhananjay Yadav, the founder of India-based AI wearables company NeoSapien, had his display tech stolen from the exhibition hall during the chaos. He told Fortune that before leaving, he was assured it was a secure zone, but when a volunteer went to collect them after the gates reopened at 6:30 p.m., the devices were gone.

“It was disheartening,” Yadav said. “It’s just disappointing considering the effort I put into the event.” (He later said Delhi police recovered the devices after reviewing CCTV.)

It wasn’t the only drama seen in the expo hall, which was also the site of a shirtless protest and, in one of the more bizarre stories, an argument over a fraudulent robot-dog. Staff at the Indian university, Galgotias, had apparently been presenting a commercially available Chinese-made robot dog as their own creation at their booth. Government sources confirmed to Fortune that they had asked the university to leave the premises following the revelation.

Another source of eye-rolls among attendees was a lack of wi-fi and spotty phone service. Bharat Mandapam, the main venue for speakers and panels, apparently has unstable reception at the best of times, let alone when filled with hundreds of delegates. Strangely, the venue also banned items like keys, laptops, cosmetics, and earbuds from entry. These rules were enforced with various levels of stringency throughout the week, but several journalists complained of having to argue with security staff in order to bring in innocuous items such as laptops and cosmetics.  

Missing speakers

The summit also suffered from scheduling hiccups. Several speakers complained that the times and locations of events had not been communicated with enough warning, and several panels appeared to go ahead with at least one speaker absent.

The summit lost two of its lead speakers—Jensen Huang and Bill Gates—at short notice. Nvidia CEO Huang canceled days before he was scheduled to speak; Nvidia’s South Asia managing director, Vishal Dhupar, later cited illness as the reason, and the company sent senior executive Jay Puri to lead its delegation in Huang’s place.

Gates pulled out just hours before he was due to deliver a keynote, with the Gates Foundation saying in a statement that the decision was made “to ensure the focus remains on the AI summit’s key priorities.”  The withdrawal was surprising as the foundation had confirmed just days earlier that Gates was still planning to attend. Rumors about his attendance had been swirling throughout the week due to renewed scrutiny of his ties to the late financier and convicted sex trafficker Jeffrey Epstein—just weeks earlier, the U.S. Department of Justice had released emails revealing contact between Gates Foundation staff and Epstein, suggesting the two had participated in meetings following Epstein’s release from prison focused on Gates’ charitable ambitions. Gates has maintained that his dealings with Epstein were limited to discussions about his charitable work, and has said meeting him was an error of judgment.  

Other awkward—and more viral—moments included OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei stealing the spotlight from Modi by refusing to hold hands for a photo op designed to be a show of unity and triumph. At a summit built around the idea of global cooperation on AI, two of the most powerful men in the industry apparently couldn’t quite bring themselves to touch.

Langley Federal Credit Union: 5%-10% Signature Cashback Visa Card ($100 Limit, Changes Monthly)


Update 2/22/26: I don’t believe we’ve ever mentioned this: for a while now, Langley has a signup bonus which offers 10% for the first 6 months, instead of the regular 5%. Seems that would max out as an extra $100 per month for 6 months – if you max out the spend at $2,000 per month in the chosen category ($100 regular + $100 bonus each month for 6 months). The categories for this month are your choice of one of these: Automotive services or Dining or Walmart & Target. (ht Jason and EastsideBK)

Update 4/22/21: The 5% categories are back again. March was gas and April is Department stores.

Original Post:

Langley Federal Credit Union offers the Signature Cashback visa card. This card is of interest because each month there is a category that earns 5% cash back, you can earn up to $100 per month in cash back. For November the categories are Grocery & Wholesale clubs. Here is a history of other months:

  • July, 2019: Amusement parks, aquariums and museums
  • May, 2019: Movies and Dinning
  • April, 2019: Home improvement
  • February, 2019: Dining
  • January, 2019: Holiday travel
  • December 2018: Gas
  • October, 2018: Home improvement
  • September, 2018: Grocery
  • August, 2018: Back to school purchases

Anybody should be able to become a member of Langley FCU by paying a $5 fee to join one of the participating organisations.

Hat tip to reader Alex C

Have $1,000? These 3 Stocks Could Be Bargain Buys for 2026 and Beyond.


These businesses are strong, and the stocks seem to be on sale.

I like finding bargains. Of course, finding a good investing deal is more complicated than finding a bargain at the store. But good bargain stocks exist.

In my view, cosmetics company e.l.f. Beauty (ELF +3.17%), cybersecurity specialist Rubrik (RBRK 7.53%), and website pioneer GoDaddy (GDDY +2.17%) are three bargain stocks for 2026 and beyond. Allow me to give a brief investment thesis for each one.

Image source: Getty Images.

1. e.l.f. Beauty

Selling beauty products for eyes, lips, and face, e.l.f Beauty is taking market share in a recession-proof category. The company gains market share through low-priced products and a strong social media presence. Moreover, management keeps expenses in check, leading to an 11% operating margin, which is quite strong for a growth company.

e.l.f. Beauty Stock Quote

Today’s Change

(3.17%) $2.89

Current Price

$94.02

E.l.f Beauty is guiding for about 22% year-over-year net sales growth in fiscal 2026 (which ends in March). Profits are expected to take a small step back due to tariff pressure. But that headwind could go away now that the Supreme Court has ruled on tariffs.

Tariffs will likely be a small speed bump for e.l.f. Beauty long-term. The company continues to gain new customers. And the stock trades at about 3.5 times sales, which is a good deal if e.l.f. Beauty continues growing at this strong pace.

2. Rubrik

I believe that cybersecurity threats are becoming increasingly sophisticated, making it more likely that bad actors will succeed at times. That’s why I like Rubrik’s business. It helps enterprises secure their data so that they can get back to business after a cybersecurity attack.

Rubrik Stock Quote

Today’s Change

(-7.53%) $-4.08

Current Price

$50.08

Enterprises seem to like this idea as well, as evidenced by Rubrik’s growth. As of October, the company had over 2,600 customers paying $100,000 or more annually. That’s about 600 more than the same time last year. Accordingly, its revenue growth is sensational, notching 48% revenue growth in the fiscal third quarter of 2026.

Rubrik is a relatively small player in the cybersecurity space. And it’s growing fast. But this hasn’t prevented management from taking profitability seriously. The company is on pace for roughly $200 million in free cash flow this year, which is remarkable for a company growing this fast.

Rubrik stock trades at just 8 times sales. Investors are hard-pressed to find a cheaper cybersecurity stock growing at this pace, which is why I think it’s a bargain.

3. GoDaddy

GoDaddy helps customers buy a web domain, build a website, and even build a business. It’s the slowest grower of these companies, with only 10% revenue growth in the third quarter of 2025. But it’s also the cheapest of the three, trading at only 15 times earnings, which is quite the bargain.

GoDaddy Stock Quote

Today’s Change

(2.17%) $1.92

Current Price

$90.59

The bargain valuation for GoDaddy stock is particularly advantageous here. Management is repurchasing shares, and a cheaper stock price helps it buy back more than it could have otherwise. Management has reduced the share count by 12% in the last three years.

GoDaddy is also using artificial intelligence to lower its operating expenses and stimulate growth with new products. Its ongoing growth and low valuation are why I call this a hidden-value stock. And it might be the best value of the three mentioned here.

Depending on the size of one’s investment portfolio, investing $1,000 in any of these three stocks could be a good move.

MBA Specialisations & Top Skills You Should Focus On!🔥Students Share! #mba #mbaskills #mbastudents



MBA Specialisations & Top Skills You Should Focus On!🔥Students Share! #mba #mbaskills #mbastudents #mbaspecialisation #mbajobs #mbacourses #mbaplacements #mbacoursedetails
#mbasalary2025 #mbatopcolleges #mbabestspecialisation #mbajobs2025

Do you have these questions?

Best MBA specialisations in 2025?
Most in-demand MBA skills?
Which domain offers best ROI?
How to choose MBA specialisation?
Marketing vs Finance MBA?
Analytics in MBA worth it?
Top recruiters for MBA?
Skills for cracking MBA placements?
What do MBA students actually learn?
Practical vs theory: what matters?
Soft skills for MBA jobs?
Certifications to boost MBA resume?
How to prepare for MBA in college?
Best placement trends in MBA?
Tips from current MBA students?
MBA course details?
MBA jobs 2025?
MBA best specialisation 2025?
MBA salary 2025?

📌 Must-watch if you’re planning MBA soon!
🔔 Subscribe to MBA Fundas by Sunstone for more real-world MBA insights!

source

Faster Fed cuts could be ahead after Supreme Court tariff bombshell


“The Supreme Court decision will pave the way for accelerated rate cuts as inflation expectations from tariffs are now less of a factor,” Jamie Cox, managing partner at Harris Financial Group in Richmond, Va., told InvestmentNews.

“The looming question is what new authority the administration will use to salvage some of the tariff revenue,” he said.

Tariffs, deficits and the Fed’s next move

Jeff Buchbinder, chief equity strategist at LPL Financial, agreed that expectations of a Fed cut are now more sensitive to the tariff backdrop.

“We would fade a short-term bounce on the Supreme Court ruling because the Trump administration will quickly pivot to different legal grounds for replacement tariffs while deficits go higher in the interim. However, if lower tariffs help cool inflation, it could firm up expectations for Fed rate cuts later this year,” he said.

Bipan Rai, head of FX strategy at BMO Asset Management, called the initial market move “a knee-jerk reaction,” saying “the USD [is] lower and duration under a bit of pressure” after the ruling.



MONY Group 2025 slides: record EBITDA amid insurance headwinds




MONY Group 2025 slides: record EBITDA amid insurance headwinds

Best Student Loan Forgiveness Options For Teachers


There are more student loan relief options for teachers than almost any other career in America. Teachers have a lot of levers to pull when it comes to lower payments and student loan forgiveness options.

That’s awesome – but it can also be confusing. With so many programs, and so many requirements, student loan forgiveness for teachers is a complicated subject (get it… subject…sorry, lame teacher joke).

If you’re a teacher, you have four main programs/ways to get student loan forgiveness. You also have a secondary avenue for student loan forgiveness based on your repayment plan.

Given that the average teacher only makes around $63,100 according to USA Facts, and that the average student loan debt is $39,375, so any help that teachers can get is essential.

Let’s break down the four main ways to get student loan forgiveness for teachers, what the other options are, and how to get professional help if you want it.

Would you like to save this?

We’ll email this article to you, so you can come back to it later!

Lower Student Loan Payments

Given that teachers are constrained by salaries more than other professions, ensuring that they have a manageable repayment plan is key. Student loan repayment plans go hand-in-hand with loan forgiveness programs, so choosing the right plan is essential.

If you want to lower your monthly student loan payment, look at income-driven repayment plans like IBR. 

If you want to change your monthly loan payments, simply go onto StudentAid.gov and select a new plan. You can also run a student loan calculator and see your options.

Option 1. Public Service Loan Forgiveness (PSLF)

Public Service Loan Forgiveness (PSLF) is one of the top ways to get student loan forgiveness. This program allows you to get complete Federal student loan forgiveness after 120 qualifying payments. 

What’s great about this program is that it offers the most options for teachers – you don’t have to be at a qualifying Title 1 school. Any teacher at any school counts. In fact, any worker at a school counts (librarian, teacher’s aid, principal, janitor, etc.).

There are three major requirements for PSLF:

  • Certified Employment For 120 Payments – You can find the employment certification form here.
  • Direct Loans – Other loan types (such as FFEL) don’t count.
  • Qualifying Repayment Plan – The qualifying repayment plans for PSLF are the Standard 10-year plan, IBR, PAYE, ICR, the upcoming RAP plan, and certain payments made under the graduated plan.

Option 2. Teacher Loan Forgiveness

Teacher Loan Forgiveness is a program that was started before PSLF, and allowed teachers at qualifying schools to have up to $17,500 of your Direct or FFEL loans forgiven after 5 years.

This program has many more stipulations that PSLF, and also forgives a smaller amount. The major requirements for Teacher Loan Forgiveness are:

  • 5 Complete & Consecutive Years At A Qualifying School – You can find the list of qualifying schools here. The five years must be completed after 1998.
  • Certain Teachers Get Up To $17,500, Others Up To $5,000 – If you’re a highly qualified secondary math or science teacher, or special education teacher, you can receive up to $17,500 in forgiveness.

Once you’ve completed your 5 consecutive years, you can apply for forgiveness under the program. 

Note: You cannot combine both PSLF and Teacher Loan Forgiveness.

A circumstance where it might not make sense is if you don’t plan on working for 10 years. If you meet the 5 year criteria, and don’t plan on teaching any longer, Teacher Loan Forgiveness could make sense.

Another circumstance where it could make sense is if you haven’t consolidated your loans and have FFEL loans. Since FFEL loans don’t qualify for PSLF, you could do Teacher Loan Forgiveness first, then consolidate your loans and go for PSLF. 

Trending Article Right Now
Student Loan Forgiveness Programs

80 Ways To Get Student Loan Forgiveness

  • There are lots of options to get student loan forgiveness
  • PSLF, IDR, State-Based Plans, And More

READ THE ARTICLE

Option 3. Perkins Teacher Loan Forgiveness

Note: Perkins Loans are more and more rare.

If you have Perkins Loans, you can get forgiveness up to 100% of your loan balance if you teach full time at a low-income school or teaching certain subjects.

If you have Perkins Loans, you can see your entire loan balance forgiven over 5 years. The great thing about this program is that it gives forgiveness in increments, so even if you don’t make it 5 years, you can at least see some of your loan balance disappear.

Here’s how it breaks down:

  • Year 1: 15% Forgiveness
  • Year 2: 15% Forgiveness
  • Year 3: 20% Forgiveness
  • Year 4: 20% Forgiveness
  • Year 5: 30% Forgiveness

This program also has a lot of stipulations. Here are the key requirements:

  • Must Teach At A Low Income School or Certain Subjects – You can find the list of qualifying schools here.
  • The Qualifying Subjects Include – math, science, foreign language, bilingual studies, and others that have been determined to be in shortage in your state.
  • Private Schools Potentially Eligible – If your school is a 501(c)(3) non-profit, it is eligible under this program.

The difficult part of Perkins loans is that they are administered by your college where you received the loan. In order to apply for forgiveness, you need to reach out to your loan servicer or the financial aid office where you received the Perkins Loan.

Note: Perkins Loans stopped in 2017. It’s pretty rare for a teacher to still have these types of loans.

Option 4. State-Based Loan Repayment Assistance Programs

45 states and the District of Columbia all offer state-based student loan repayment assistance programs. These programs are designed to help states staff teachers in areas or programs where they have shortages. 

We have a complete list of state-based student loan forgiveness programs here: Student Loan Forgiveness Programs By State.

It’s important to note that, while you may qualify for multiple programs, you cannot overlap programs. For example, if you qualify for a state-based program, you cannot qualify for PSLF at the same time – you would need to do it sequentially. 

That’s why it’s important to look at the value of the state-based program and your own situation prior to signing up for any program.

Secondary Ways To Get Student Loan Forgiveness For Teachers

Beyond these student loan forgiveness programs, there are “secret” student loan forgiveness options that most teachers don’t realize. These are secondary ways to get loan forgiveness if something doesn’t work out with the above programs (for example, you might stop teaching or working before you qualify).

This “secret” is that all income-based repayment programs (IBR, PAYE, ICR) all include student loan forgiveness on any remaining balance after the repayment period (typically 20 or 25 years). These programs are automatically part of your repayment plan, and you don’t have to do anything to sign up (other than continue to maintain eligibility on the repayment plan).

So, if you somehow don’t qualify for one of the forgiveness programs listed above, hope is not lost. It will just be a longer process, but you can still potentially get loan forgiveness.

How To Get Professional Help With Your Student Loans

It’s important to note that you can do everything with your student loans yourself for free. StudentAid.gov has a lot of great resources and online applications where you can apply for these programs. However, some people may want to pay for professional help with the student loan debt.

If you don’t qualify, refinancing your student debt presents an alternate opportunity to save thousands. Credible enables you to fill out one form and look at personalized offers from multiple lenders.

If you want to speak to a professional, consider hiring a CFP to help you with your student loans. We recommend The Student Loan Planner to help you put together a solid financial plan for your student loan debt. Check out The Student Loan Planner here.

Final Thoughts

Student loan forgiveness for teachers is a real thing. Teachers have more options for student loan forgiveness than pretty much any other profession. If you’re a teacher, you need to be taking advantage of these programs to get out of student loan debt. 

It’s essentially free money you’re ignoring by not taking action. If you need help, reach out! There are lots of ways to get help to ensure you get the student loan forgiveness you deserve.

Editor: Clint Proctor

Reviewed by: Chris Muller

The post Best Student Loan Forgiveness Options For Teachers appeared first on The College Investor.

Get Apple AirTag (4-Pack, Gen 1) for $64


Apple AirTag (4-Pack) for $64

This article contains Amazon and Best Buy affiliate links.

Apple AirTag is a small Bluetooth tracking device designed to help you locate and keep track of personal items like keys, wallets, luggage, and even pets. It works with Apple’s Find My network, leveraging a vast network of Apple devices to pinpoint lost items with impressive accuracy.

Amazon has the 4-Pack Apple AirTag Bluetooth Tracking Device (‎MX542LL/A) on sale for $64. This is the lowest price yet, but this is Gen 1. Shipping is free.

BUY NOW

Keep in mind that Amazon offers free shipping on orders of $35+, or free next-day shipping on all orders with Amazon Prime (get 30-day free trial). Prime members can also share benefits with a Household member. Students and all 18-25 year olds as well as EBT/SNAP/Medicaid cardholders can get a discounted Prime membership.

 

As an Amazon Associate I earn from qualifying purchases made through this article. Using links on the site for Amazon purchases is the best way you can support the site as you normally can’t earn cash back for these purchases. But, you should still check shopping portals such as Rakuten, TopCashback, RebatesMe, ShopBack and others for possible cashback. Your support is always greatly appreciated!

DBS partners with Granite Asia to help counter the region’s lack of capital with $110M AI IPO fund


DBS, Southeast Asia’s largest bank, and Granite Asia, an Asia-focused investment fund, are launching a new “first-of-its-kind” partnership to support new startups, underpinned by a new $110 million AI-focused IPO fund offered exclusively to DBS’s high-wealth clients.

The partnership, which will continue for three years, is part of a push to provide more capital for Asia’s startups, which have fewer funding options available to them compared to those based in more mature Western economies. 

“The U.S. is amply funded, if not overfunded,” Jenny Lee, senior managing partner at Granite Asia, tells Fortune. (The U.S. accounted for 10 of the 11 largest deals of the last quarter of 2025, according to KPMG). “The rest of Asia is under invested […] and Asia is not small,” Lee adds.

Southeast Asia’s funding scene has struggled in recent years as investors hold back amid a challenging macroeconomic environment and a mixed record of returns. 

Traditional banks are hesitant to extend loans to startups, which often burn through cash in their early stages of growth, DBS CEO Tan Su Shan noted. Through its collaboration with Granite Asia, DBS hopes to invest early in promising companies and develop long-term relationships with them. 

Lee and Tan, both of whom spent decades in Asia’s finance sector, have long been friends. “Jenny and I meet in all the strangest places—corridors, conferences, toilets,” Tan quips. This current partnership grew from a meeting in a conference in Qatar in 2025, where they discussed the growth of Asia’s tech and AI sector. “We were bemoaning the fact that there was so much talent, but not enough capital to fund these guys,” the DBS CEO recalls.

Even the most successful of Asia’s rising AI startups raise significantly less money than their U.S. counterparts. Chinese startup Moonshot, developer of the open-source Kimi model, raised $500 million earlier this year, according to local media. By comparison, Anthropic, developer of the Claude model, raised $30 billion earlier this month.  

The new DBS-Granite Asia IPO fund will give investors “early access” to “high-growth AI-driven companies in the region,” and has gotten participation from clients based in Southeast Asia, South Asia and Europe, the two companies said in a statement. Granite Asia will manage the pooled capital, sending it to IPO-stage companies.

Courtesy of DBS

DBS, No. 7 on the Southeast Asia 500, has its “roots in development,” Tan says. The bank was founded in 1968 as the Development Bank of Singapore, set up to handle the industrial financing responsibilities of Singapore’s Economic Development Board. 

“We were always about backing entrepreneurs, and supporting businesses from early- to mid-growth, and beyond,” Tan says. 

DBS’ wealth clients will also gain from new opportunities to invest in growth assets and private markets. “That’s where quite a lot of the alpha can be created,” Tan explains, noting that the new partnership will likely generate greater returns on investment for DBS customers compared to more conservative assets like ETFs. “If you want alpha, you’ve got to go up the value chain, up the supply chain, to more upstream companies.”

Granite Asia has around $10 billion in assets under management, and has supported 65 IPOs around the world. The firm was born from U.S. venture fund GGV Capital, which split its Asia and U.S. operations in 2024. Granite has partnered with other Asian organizations, like sovereign wealth funds Khazanah and the Indonesia Investment Authority.

Lee opened one of GGV’s first China offices in 2005, and has backed some of the region’s leading tech firms, like phone manufacturer Xiaomi and ride-hailing platform Grab. Granite Asia has also expanded into other forms of financing, like private credit.

Both Tan and Lee hope that their collaboration will create a larger ecosystem that enables Asia’s founders to thrive.

“This multi-asset partnership is deeply rooted in Asia,” Tan says. “It brings together the understanding of Asian needs, Asian capital, Asian purpose, Asian knowhow, Asian hardware and software.

“They all gel quite nicely together.”

Live Nation says Ticketmaster breakup threat is already over, calls for DOJ settlement


Live Nation has publicly called on the US Department of Justice to settle the government’s antitrust lawsuit against the company and its subsidiary Ticketmaster, arguing that the prospect of a court-ordered breakup is effectively dead.

In a statement published today (February 19) — the same day the company reported record annual revenues of $25.2 billion — Live Nation’s EVP of Corporate and Regulatory Affairs, Dan Wall, said the company is “ready” to reach a deal with the DOJ and state attorneys general.

Wall writes: “Cases in this posture nearly always settle, and with the prospect of structural relief off the table, that is what should happen in this case now.

Live Nation is ready to make that happen with DOJ and any State Attorney General committed to realistic, common-sense solutions to the remaining issues.”

He adds: “We understand that any settlement needs to be meaningful for our venue customers, for artists, and of course for fans. That is what we want, too.”

The statement, titled It’s Time to Move On, can be read in full here.

Wall’s statement comes one day after US District Judge Arun Subramanian issued a ruling that narrowed the scope of the DOJ’s case.

The judge dismissed claims that Live Nation monopolized the concert promotion market, while allowing claims related to Ticketmaster’s dominance in venue-facing ticketing and Live Nation’s practice of tying access to its amphitheaters to its promotion services to proceed to trial.

Jury selection is currently scheduled to begin on March 2.

Live Nation’s argument centers on the dismissal of the concert promotion claims. Wall writes that this “undermines any serious argument for breaking up Live Nation and Ticketmaster“.

He continues: “First, it ends the narrative that concert promotion and ticketing are ‘mutually reinforcing monopolies.’ There was never much substance to that contention, but the idea at least was that the two monopolies propped up one another. Now [the] DOJ has failed to prove there is a concert promotion monopoly.”

Wall also argues that separating Live Nation from Ticketmaster “would not serve any remedial purpose, let alone be a legally permissible remedy”.

He writes: “The case is now about three things: long-term exclusive ticketing contracts, a discrete ticketing deal Ticketmaster has with Oakview Group, and Live Nation’s policy of not renting its amphitheaters to rival promoters. None of those claims, nor even all three taken together, warrants more than standard injunctive relief.”

Wall points to recent precedent to bolster his argument, citing the DOJ’s antitrust case against Google.

In that case, Judge Amit Mehta of the US District Court for the District of Columbia rejected the DOJ’s request to force Google to spin off its Chrome browser in September 2025, instead opting for more targeted remedies around exclusive default agreements.

Wall writes that breakups in monopolization cases are vanishingly rare: “The last time it happened was in 1980, when AT&T agreed to be broken up to resolve a monopolization case that was in the late stages of trial.”

He also notes that the DOJ itself had approved the Live Nation-Ticketmaster merger in 2010, and had at the time said it was “sure to benefit concertgoers, artists, and the industry as a whole”.

Wall’s statement directly targets the origins of the case under the Biden administration. He writes that former DOJ Antitrust Chief Jonathan Kanter “broke from usual DOJ practice and announced on Day One that ‘it was time to break up Live Nation and Ticketmaster’”.

Wall continues: “He also told the American public that the merger and its attendant evils were responsible for high ticket prices and fees. Of course, none of this was true.”

He adds: “On the eve of trial, DOJ has no evidence of that, and its argument has become that it doesn’t need to prove higher prices.”

The DOJ, joined by 39 US states and the District of Columbia, filed the lawsuit in May 2024, alleging monopolistic conduct across the live entertainment industry.

Despite Live Nation’s call for a settlement, not all parties may be willing to stand down.

Following yesterday’s ruling, New York Attorney General Letitia James said in a statement: “Live Nation has used its monopoly to rig the live events industry to its benefit, driving up costs with higher ticket prices and outrageous fees. Regardless of the path that the Department of Justice takes, my office will continue this case and we will see Live Nation in court.”


Wall’s statement arrives on the same day that Live Nation reported annual revenues of $25.2 billion for 2025, up 9% year-over-year, and adjusted operating income of $2.37 billion, up 10%.

The company said a record 159 million people attended Live Nation-promoted shows in 2025 across 55,000 concerts — up by 8 million on the prior year. For the first time, more people attended Live Nation concerts outside the US than inside it.