A growing number of consumers are seeking out third spaces and membership clubs focused on wellness to improve their health while also socializing.

Companies like Bathhouse, Othership and Glo30 have hopped on the trend, offering third spaces centered around wellness with opportunities to foster social connections.

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Consumer electronics retailer Best Buy is testing out a new format as it tries to steady the business and boost sales growth. It’s opening new, smaller-scale stores this summer in markets about half the scale of its traditional locations. CNBC’s Laya Neelakandan spoke exclusively with incoming CEO Jason Bonfig about his plans for the concept.

Produced, Shot and Edited by: Natalie Rice
Reporting by: Laya Neelakandan
Animation: Jason Reginato, Emily Park
Senior Director of Video: Lindsey Jacobson
Additional Footage: Best Buy, Getty Images

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Best Buy Is Shrinking Some Stores. Here’s Why That’s A Good Thing

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Brian Krzanich, Intel CEO, discusses his company’s efforts to invest in artificial intelligence and autonomous vehicles through Alphabet’s Waymo partnership.
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Artificial Intelligence In Its Infancy: Intel CEO Brian Krzanich | CNBC

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AI is moving from answering questions to taking action, and the bills are arriving faster than anyone budgeted for. An agent that spins up thousands of other agents can turn a $20 task into a $50,000 one, and companies are starting to scale into bankruptcy. The fight now isn’t over how smart these systems are. It’s over who controls what they do and what they cost.

Deirdre Bosa talks with three executives at the center of that shift:
» Jeetu Patel, President and Chief Product Officer at Cisco, on rogue agents, guardrails and why autonomous systems need a kill switch.
» Lin Qiao, co-founder and CEO of Fireworks AI, on inference economics and whether efficiency can keep AI businesses solvent.
» Evan Beard, co-founder and CEO of Standard Bots, on the U.S.-China robot gap — 300,000 deployed to our 30,000 — and what it costs to lose the next platform.

Chapters:
00:00 Introduction
1:00 Is AI’s easy-money era over?
4:43 Cisco President Jeetu Patel
21:20 Fireworks AI CEO Lin Qiao
37:59 Standard Bots CEO Evan Beard

Anchor and columnist: Deirdre Bosa
Produced by: Jasmine Wu
Editing by: Michael Hoyt
Technical Associate: Sami Savona
Senior Director of Video: Jeniece Pettitt
Additional Footage: Getty Images

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AI’s Control Problem: Agents, Costs And Robots

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America has a chip strategy for AI. It doesn’t have an open-source one.

Washington spent billions protecting the hardware layer — the CHIPS Act, a stake in Intel, export controls on Nvidia. But the models the world actually builds on are increasingly coming out of China: DeepSeek, Z.ai’s GLM, Moonshot’s Kimi. Open weights can be downloaded, customized and run on your own servers, and are often cheaper.

Now the pressure is coming from inside American tech. Jensen Huang used his first post on X to publish an open letter urging Washington to treat open-weight AI as a strategic asset — co-signed by some of the biggest AI players, with Anthropic the major holdout.

Meanwhile enterprises are asking a harder question: who owns what the AI learns about your business? Deirdre Bosa tackles the layer of the AI stack Washington isn’t funding.

Chapters:
0:00 Introduction
1:19 Washington’s blind spot
4:27 Who owns your company’s brain?
7:35 The industry picks a side

Anchor and Columnist Deirdre Bosa
Produced by Jasmine Wu
Edited by Andrew Evers, Erin Black
Senior Director of Video Jeniece Pettitt

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America Needs An Open-Source AI Strategy

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