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The woman behind Instacarts successful IPO, Fidji Simo, is joining OpenAIs C-suite. On Wednesday, OpenAI CEO Sam Altman announced Simos new role as CEO of applications. She will report directly to him after transitioning out of her current role at Instacart later this year. “In her new role, Fidji will focus on enabling our traditional company functions to scale as we enter a next phase of growth,” Altman said in a blog post. “Fidji brings a rare blend of leadership, product, and operational expertise, and genuine commitment to ensuring our technology benefits everyone.” Before joining OpenAIs executive team, Simo served as a member of its board of directors. She will now concentrate on scaling the companys traditional functions as it moves into its next phase of growth. Simos addition signals OpenAIs potential expansion beyond ChatGPT. Previous reports have suggested the company is exploring ventures into social media platforms. This organization has the potential of accelerating human potential at a pace never seen before, and I am deeply committed to shaping these applications toward the public good, Simo said in the blog post. Heres everything you need to know about Silicon Valleys latest executive. Who is Fidji Simo? The 39-year-old is a first-generation high school graduate from the fishing village of Ste in France. As Fast Company previously reported, Simo was named after a perfume worn by her mother, a boutique owner. She graduated from one of Frances most prestigious business schools, HEC Paris, and began her career at eBay in 2007. Facebook alumna Prior to Instacart, Simo served as a senior executive at Facebook, working closely with her former mentor Mark Zuckerberg and eventually leading the Facebook app prior to the companys rebrand to Meta. During her tenure there, from 2011 to 2021, she held roles including director of product management and vice president of video, games, and monetization. Leading Instacart In January 2021, Simo became CEO of Maplebear Inc., Instacarts parent company. She went on to lead Instacarts highly anticipated IPO in 2023, which raised $660 million and valued the company at $9.9 billion. A healthcare initiative While serving as CEO of Instacart, Simo cofounded the Metrodora Institute after being diagnosed with postural orthostatic tachycardia syndrome and endometriosis. The clinic and research center is dedicated to treating women with neuroimmune axis disorders by collecting data from consenting patients and sharing it with partner research institutions, in hopes of finding a cure. These disorders include conditions in which the immune system attacks the nervous system, such as lupus, Guillain-Barré syndrome, and long COVID.
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Want more housing market stories from Lance Lamberts ResiClub in your inbox? Subscribe to the ResiClub newsletter. National active housing inventory for sale at the end of April 2025 was up 31% compared with April 2024. Thats just 16% below pre-pandemic levels from April 2019. However, while the national housing market has softened and inventory has surpassed 2019 pre-pandemic levels in some pockets of the Sun Belt, many housing markets remain far tighter than the national average. Pulling from ResiClubs monthly inventory tracker, we identified the tightest major housing markets heading into the spring 2025 season, where active inventory is still the furthest below pre-pandemic 2019 levels. These markets are where home sellers have maintained more power compared with most sellers nationwide. Among the nations 200 largest metro area housing markets, 37 markets (see table below) at the end of April 2025 still had at least 50% less active inventory than in April 2019. Thats lower than last months countwhen 42 of the nations 200 largest metro area housing markets still had active inventory at least 50% below pre-pandemic 2019 levels. Many of those tight markets are in the Northeast, in particular, in states like New Jersey and Connecticut. Unlike the Sun Belt, many markets in the Northeast and Midwest were less reliant on pandemic-era migration and have fewer new home construction projects in progress. With lower exposure to the negative demand shock caused by the slowdown in pandemic-era migrationand fewer homebuilders in these regions offering affordability adjustments once rates spikedactive inventory in many Northeast and Midwest housing markets has remained relatively tight, maintaining a sellers advantage heading into spring 2025. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}))}();
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Robert Prevost of the United States has been named the new pope, the new head of the Catholic church. Cardinals gathered to select their latest leader during a conclave. White smoke poured out of the Sistine Chapel chimney Thursday at 6:07 p.m. local time, signaling that a pontiff had been elected to lead the Catholic Church. Here is the latest: Robert Prevost is elected the first American pope in history Cardinal Robert Prevost, an American missionary who spent his career ministering in Peru and leads the Vaticans powerful office of bishops, was elected the first American pope in the 2,000-year history of the Catholic Church. Prevost, 69, took the name Leo XIV. Older updates… White smoke rises from Sistine Chapel White smoke is pouring out of the Sistine Chapel chimney, signaling that a pope has been elected to lead the Catholic Church. That means the winner secured at least 89 votes of the 133 cardinals participating in the conclave to elect a successor to Pope Francis. The crowd in St. Peters Square erupted in cheers. The name will be announced later, when a top cardinal utters the words Habemus papam! Latin for We have a pope! from the loggia of St. Peters Basilica. The cardinal then reads the winners birth name in Latin, and reveals the name he has chosen to be called. The new pope is then expected to make his first public appearance and impart a blessing from the same loggia. Older cardinals who didnt participate in the conclave rush out to the square These cardinals lined up as military bands played the Italian and Holy See national anthems. Spotted in the crowd were American Cardinals Sean OMalley and Donald Wuerl, both of whom are over 80 and didnt vote. Swiss Guards have taken position in front of front of St. Peters Basilica A marching brass band in blue uniforms led a contingent of Swiss guards through the crowd to a central spot below the balcony, generating another huge roar from the crowd. The Pontifical Swiss Guard is the official security force of the Vatican, and holds a ceremonial and a protective function. And now more marching bands are celebrating the election of a new pope in a parade that includes large groups in military dress uniforms. Vivi il Papa! erupts from the crowd whenever the music pauses. All eyes are now on the red-draped central balcony of St. Peters Basilica Thats where a cardinal will soon emerge to to proclaim a new pope to Rome and to the world. There is incredible excitement the crowd is roaring, and some are shouting hallelujah! Church bells ring in Spain Moments after white smoke poured out of the Sistine Chapel, the bells began tolling in Barcelonas towering Sagrada Familia basilica and the Almudena Cathedral in Madrid, across from the royal palace. The great bells of St. Peters Basilica are tolling And down below, amid the cheers in the vast mix of humanity in St. Peters square, priests are making the sign of the cross and nuns are weeping at the white smoke wafting into the sky. The crowd erupted with joy in St. Peters Square Some are obviously deeply moved, others excited. Theyre clapping and waving national flags and taking photos with their phones. Viva il papa! some shouted. White smoke is pouring out of the Sistine Chapel chimney It signals that a pope has been elected to lead the Catholic Church. That means the winner secured at least 89 votes of the 133 cardinals participating in the conclave to elect a successor to Pope Francis. The crowd in St. Peters Square erupted in cheers. The name will be announced later, when a top cardinal utters the words Habemus papam! Latin for We have a pope! from the loggia of St. Peters Basilica. The cardinal then reads the winners birth name in Latin, and reveals the name he has chosen to be called. The new pope is then expected to make his first public appearance and impart a blessing from the same loggia. The smoke emerged from the chimney at 6:07 p.m. Pope Francis appointed 108 of the cardinals voting for his successor He elevated these men and others who are not eligible to vote in groups throughout his papacy, beginning in January 2014 with 19. They came from around the world, including the developing nations of Haiti and Burkina Faso, in line with his belief the church must pay more attention to the poor and that its hierarchy should reflect the face of the faithful. His last batch was installed in December 2024 with 21 cardinals, 20 of whom are in the conclave. The excitement in the square is contagious At one point there was applause from the crowd as thousands train their eyes on the chimney above the Sistine Chapel, but it was a false alarm. We want a Pope close to the people and close to us, to the youth, who represent the future of the Church, said Kacper Michalak, 20, a seminarian from Poland who came for the 2025 Jubilee. The holy year is an ancient church tradition encouraging spiritual renewal which encourages pilgrimages to Rome. How long does it take to choose a pope? Its hard to say precisely. The Vatican doesnt officially publish the number of votes in past conclaves, and sources compiling their own tallies dont completely agree. But historical data provide a few clues. The longest conclave since the 20th century begantook 14 rounds of balloting across five days, ending with the election of Pius XI in 1922. The shortest, electing Pius XII in 1939, took three ballots over two days. Cardinals must reach a two-thirds majority to elect a pope. That may have been easier in the past: In 1922 there were just 53 voting cardinals, and until 1978 conclaves had fewer than 100. This year there are 133, so 89 votes are needed. These are the US cardinals voting for the next pope The United States is home to 10 of the 133 cardinals eligible to vote for the next pope. Thats more than any other nation except Italy, home to 17 of the electors in the conclave choosing a successor to Pope Francis. Only four of the American electors actively serve as archbishops in the U.S. Timothy Dolan of New York, Blase Cupich of Chicago, Joseph Tobin of Newark, New Jersey, and Robert McElroy of Washington. Two others are retired archbishops, and four have spent many years serving at the Vatican. Its a mixed group, ideologically. McElroy was one of Francis staunchest progressive allies. Cardinal Raymond Burke, a traditionalist, was a frequent critic of Francis.
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