Alex Ossola

Coming up, what's drawing investors to AI startups with no product or revenue?

And President Trump's ultimatum for Iran.

That's after the break.

There's a new kind of startup getting attention in Silicon Valley.

These companies don't have any products or any revenue, but they've got eager investors.

And some of these companies are valued at a billion dollars or more.

The industry is calling these startups Neolabs.

And Kate Clark, who covers startups for the journal, says that they're riding the AI wave in a different kind of way.

Kate, how do these companies differ from other kinds of AI startups?

Can you give us a couple of examples of the names of these companies and how they're thinking about approaching AI?

These valuations seem quite high.

And also, there's no plan for a product or any kind of revenue anytime soon.

Why are investors interested in these Neolabs?

Thanks, Kate.

Thanks.

In the latest development after the fatal shootings in Minneapolis, two Border Patrol agents who fired shots at Alex Preddy last weekend have been put on administrative leave, a decision that the Customs and Border Protection Agency says was, quote, standard protocol.

And the Department of Homeland Security says the ICE officer who shot and killed Renee Good earlier this month has also been placed on administrative leave.

With the backlash to the aggressive immigration enforcement operation in Minneapolis, the Trump administration has changed its strategy, putting border czar Tom Homan in charge of the operation in the city, as Democrats and some Republicans call for Homeland Security Secretary Kristi Noem to step down.

President Trump has issued new threats against Iran.

Posting on social media today, Trump said that he hopes that Iran will negotiate a deal that includes stopping its nuclear program or it will face a possible attack.