• Venmo launched receipt scanning, which itemizes bills and calculates tax and tip, splitting them evenly.
• It’s especially useful for Gen Zers, who rarely carry cash and disagree on how much they owe each other.
• I tested out the new function to see if it helped me get paid back faster.

A wise housewife once proclaimed the power of “Receipts, proof, timelines, screenshots.” You’ll know this if you’ve ever been the person who put down their card to end an awkward standoff at the end of an expensive meal, and then fretted about whether you’d be paid back.

But the days of stressing over covering group expenses are about to get a little easier: Venmo just added receipt scanning to its app.

The feature, which is rolling out to Venmo users this week, lets you snap or upload a picture of your receipt and itemizes it for you. Venmo then calculates how much proportionate tax and tip everyone owes (which I, as a math-averse person, have always found to be the most tedious part) before sending out the requests.

The function helps make Venmo a one-stop shop for bill splitting and repayment — and especially handy for Gen Z, the group that’s least likely to carry cash and who struggles with murky repayment etiquette.

Gen Zers don’t even agree on how much each person owes when they share meals: Venmo’s own survey of 5,000 18- to 22-year-olds in the US found that 20% prefer to have everyone pay exactly what they ordered, 15% would rather divide evenly, and 12% take turns or have different people cover different costs.

By allowing users to split by item on the receipt, Venmo is making it easier to share costs — but I wanted to find out exactly how much easier. So I tested the new function with two of my colleagues (Disclaimer: Neither of them is Gen Z) on Monday to see how it stacks up against two other popular receipt-scanning apps, Tab and Splitwise.

Here’s how it went.

(Robot) Literacy isn’t dead

In the Pay/Request tab of my app, I selected the “Scan Receipt” function and uploaded a picture of the bill from Monday’s lunch at Blue Park Kitchen, a fast-casual joint we frequent in downtown New York City.

Dan, Grace, and I each got bowls with veggies, grains, and varying degrees of protein.

Venmo’s function accurately transcribed the totals from the picture.

Tab, the receipt-scanning app I’ve used for years, sometimes misreads the date or check number as the amount paid, resulting in an inaccurate balance. That reading error didn’t happen in Venmo’s new function.

I reached out to Tab for comment, but didn’t hear back.

Extra protein, please

After uploading the receipt and confirming the totals, I selected Dan and Grace as the people I wanted to request money from. Then, I assigned who ordered what.

Grace and I each ordered a seasonal specialty bowl, while Dan opted to DIY his, adding extra protein. Because of that, Dan’s subtotal was a little higher than mine and Grace’s.

Venmo then calculated the proportionate tax and tip we each owed. Once I reviewed and confirmed these totals, I hit “send” to request repayment.

Getting a second opinion

To check Venmo’s math, I went ahead and loaded the same receipt into Splitwise, a popular bill-splitting calculator. That app turned out the exact same totals as Venmo’s did — but without the ease of settling up within the same app.

That’s the biggest value-add that Venmo’s function brings: It lets you outsource the math, send requests, and, hopefully, get repaid faster, without ever leaving the app.

Adding a receipt-scanning function probably won’t solve Gen Z’s confusion about etiquette, but it might reduce some of the friction around it. I’d rather have a neutral, third-party app like Venmo tell me what I owe in tax and tip than a friend who might be overcharging me.

And though the function could cut down arguments over what everyone owes, it doesn’t guarantee that your friends will respond to — or even see — your requests any faster.

Although Grace repaid me as soon as I sent the request, I didn’t get my money back from Dan (who was presumably #lockedin writing Business Insider’s newsletter) until I verbally asked him if he’d seen it.

• Toyota announced on Tuesday that its tiny Kei truck is coming stateside.
• The small trucks are popular in Japan. After a 2025 trip to Asia, Trump called them “AMAZING!!!”
• It’s another fresh bet that Americans want a cheaper truck alternative in a pricey market.

The kei truck is coming to the US.

Kei vehicles (short for “keijidosha,” roughly translated to “light car”) are extremely popular and cheap in Japan. The average price for a kei car is typically between $6,000 and $11,000.

On Tuesday, Toyota announced plans to assemble a tiny pickup, the Kei-01, at its Indiana plant in the second half of 2027. It will revive Toyota’s low-cost Scion brand, which the automaker discontinued in 2016, and will initially be reserved for commercial fleets.

The Kei-01 is very different from the rest of America’s car market. It’s nearly 4 feet shorter than a Corolla, gets a motorcycle-sized three-cylinder engine, tops out at 25 mph, and has a steering wheel on the right side.

More importantly, Toyota is joining a fresh set of bets that Americans want cheaper, smaller alternatives to today’s big and expensive pickup trucks.

In October, the average transaction price for a new vehicle rose to $51,109, per Kelley Blue Book analysis. That’s a record high.

Pickup trucks were the most expensive category, with an average price of $67,912.

America’s menu for low-cost car options has been quickly vanishing from car dealership lots. Several sub-$25,000 options — the Mitsubishi Mirage, Nissan Versa, Kia Soul among them — have been discontinued since the end of 2024. Just five new-vehicle models now have an average transaction price below $25,000, according to Cox Automotive.

For years, Americans who wanted a kei truck have largely had to buy old ones. Federal rules allow vehicle imports — even if they don’t meet US safety standards — if the car is at least 25 years old. That has created a small but devoted market of car enthusiasts who are looking for their own keis.

And now, Toyota is the first company to announce plans to build its little truck in the US. The automaker said its truck will have updated safety features, including modern seatbelts, and said it’s eligible to drive in all 50 states.

The Kei-01 will be based on the Daihatsu Hijet Jumbo, which sells in Japan for around $9,000. While the company called its US-bound Kei-01 “affordable” in the press release, it hasn’t released pricing figures for the American market.

The plan will likely pull on President Donald Trump’s heartstrings.

After a 2025 trip to Japan, he has said several times that he wanted companies to start building them in the US.

“I have just approved TINY CARS to be built in America,” he wrote on Truth Social in December 2025. “These cars of the very near future are inexpensive, safe, fuel efficient and, quite simply, AMAZING!!! START BUILDING THEM NOW!”

While Toyota is the only car company with concrete US kei truck plans, it’s not alone in betting that there is an opening below the increasingly gargantuan full-size pickup. Ford plans to build its sub-$30,000 Fathom EV, while Slate Auto and Telo are developing roughly Mini Cooper-sized electric pickups for the US market.

• IBM said it is curtailing its sponsorships for foreign workers in its largest unit.
• IBM will discontinue visa and green card sponsorship “for the majority” of roles in IBM consulting.
• According to its website, IBM employs over 150,000 workers in its consulting unit.

IBM said it’s ending immigration sponsorships for “a majority of roles” in its biggest unit.

“IBM Consulting participates in U.S. high-skilled visa programs to address skill shortages,” an IBM spokesperson said in a statement. “That participation has been declining for a number of years and as skill availability and client need have evolved, we have opted to discontinue visa and green card sponsorship for the majority of such roles in IBM Consulting.”

The news, which was first reported by Bloomberg, comes as the Trump administration has sought to crack down on tech companies’ reliance on foreign workers. In September 2025, President Donald Trump introduced a $100,000 fee on some H-1 B applicants, though that proposal is tied up in the courts.

Last month, Vice President JD Vance announced that the Trump administration was suspending Microsoft from a federal program that companies use to sponsor foreign workers for permanent residency. Vance said that the tech company had abused the Permanent Labor Certification process, often called PERM.

IBM Consulting is by far the largest unit of the tech giant. According to its website, there are over 150,000 consultants. In its 2025 annual report, IBM reported having 264,300 employees across IBM and its wholly owned subsidiaries.

According to federal records, IBM had just over 1,600 H-1B petitions approved in fiscal year 2026, compared to over 2,000 in FY 2025 and nearly 3,000 in FY 2024. The records are for IBM as a whole, meaning they alone wouldn’t determine how many IBM Consulting employees are being sponsored. The figures may also not represent new workers, as they can refer to amended or extended applications for existing employees.

Bloomberg reported that employees affected by the change can continue working for IBM outside the US or leave the company by the end of the year.

• Anthropic’s initial public offering could create a windfall in legal fees for elite law firms.
• The company expects to spend $41.5 million in related legal fees, according to a securities filing.
• That figure tops what SpaceX expected to generate in legal fees tied to its historic IPO.

Anthropic is betting its tech can help corporate lawyers rely less on outside counsel. Its own path to the public markets offers a reminder that law firms are not going anywhere.

The company expects to spend $41.5 million on legal fees for its stock market debut, according to paperwork it filed Tuesday for its initial public offering. It also disclosed costs tied to underwriting and a road show. Outside counsel was among its largest expenses.

That is a hefty sum even by IPO standards. A Nasdaq analysis of 1,239 market listings from 2016 through 2025 found that companies raising more than $1 billion budgeted an average of $4.9 million for legal fees. The figure may be rising as companies stay private longer and come to market as larger, more complicated businesses.

SpaceX’s IPO offers one indication of the new scale. Its S-1 filing showed the aerospace giant budgeted $25.5 million in legal fees ahead of its Nasdaq debut, the largest offering on record.

For the law firms on either side of the deal, Anthropic’s listing is an opportunity to share in the windfall. Wilson Sonsini is leading the offering, while Freshfields is representing the underwriters.

Orrick advised Anthropic on executive pay and equity matters. Cleary Gottlieb advised the company’s Long-Term Benefit Trust on governance issues, and Cravath, Swaine & Moore advised Anthropic’s cofounders on governance matters.

A spokesperson for Anthropic didn’t immediately respond to a request for comment.

Anthropic is not just staffing up outside counsel. It’s also reshuffling its own legal team ahead of a market debut.

The company promoted Elena Leichty to general counsel at the end of the summer, while Jeffrey Bleich transitioned to a new role as international special envoy. Brian Israel serves as chief legal officer.

The offers and details on this page may have updated or changed since the time of publication. See our article on Business Insider for current information.

• Zee Gustafson is a content creator and freelance hair and makeup stylist living in Chicago.
• She and her husband bring in $400k, but had racked up about $91k in credit card debt by 2026.
• Spending $14,000 monthly on fashion was normal, until a month in an RV changed everything.

This as-told-to essay is based on a conversation with Zee Gustafson, a 37-year-old fashion and finance content creator and freelance celebrity hair and makeup stylist. It has been edited for length and clarity.

As a celebrity hair and makeup stylist, I spent much of my early career surrounded by media personalities, lights, and glamour in the heart of New York City.

I loved it and am grateful for the profession I had worked hard to enter. Somewhere along the way, though, my lifestyle habits changed.

I left the busy city to move out west to Bend, Oregon, a small mountain town, to settle with my husband during the height of the pandemic.

We raised our child there, but we also raised something else: Our credit card debt.

Together, we make around $400,000 a year. I’m a freelance stylist, bringing in about $100,000, and I also earn roughly $50,000 creating social media content. My husband earns about $250,000 a year in passive income from his family’s real-estate business.

In Bend, I was spending compulsively.

At our worst, I was shelling out an average of $14,000 a month on material items I didn’t need, like clothes, luxury goods, and home items.

For a long time, I told myself I just loved fashion and nice things. Therapy helped me see that shopping had become a coping mechanism: I was unhappy, in debt, and buying things to create an image of the person I wanted others to think I was.

Once I admitted there was a problem, my husband and I moved to Chicago, where I’m originally from, and began changing how we spent, saved, and talked about money.

I escaped the mountains through shopping

My husband and I moved to Bend during the pandemic because we wanted a slower, outdoorsier life. We quickly realized it wasn’t for us.

We missed our support system, being far from our work, and I was dealing with postpartum sadness. But instead of getting help, I went shopping.

I was buying anything and everything: Luxury bags, clothes, jewelry, home goods, and beauty products. When I was growing up, my family loved collecting, so having beautiful things around has always felt normal.

At its height, I had about 85 designer bags — including a $12,000 Hermès bag — clothes spread across multiple closets, coats in basement bins, and enough shampoo that I had 12 bottles at one point. My credit card debt was climbing near six figures.

I started therapy after having my daughter. Over time, I came to see that shopping was a way to cope with my unhappy feelings and a source of validation. I was buying items for a quick dopamine hit, only to realize I already had more than I could use in my closet.

By December 2024, I told my husband we needed to leave Bend. We moved back to Chicago in April 2025.

A cross-country RV trip made me confront my shopaholic habits

That summer, we took a monthlong RV trip that included Bend, Sun Valley, Idaho, and the drive to Chicago. I had to fit clothing for several different climates and activities into a tiny RV, plan our food around a small refrigerator, and account for every dollar we spent on gas, lodging, and activities.

I had never budgeted that way before. I had to get granular because I wanted the trip to work. It made me realize I could manage money if I stopped treating it as something scary or shameful.

During the trip, I read a personal-finance book by Mrs. Dow Jones that pushed me to think about how my family had handled money. It also helped me see debt as a number I could work through, not proof that I was a bad person.

By the time we got home, I had spent a month living with far less than I owned — and I loved it.

When I got home, I started decluttering my closet first, then my finances

I began decluttering in the closet I had built in my sunroom. I had spent money making it look beautiful and used it as a place to shoot content, but it had become overwhelming.

I worked in small sections instead of trying to clear everything at once. For each item, I asked myself why I had bought it. If it was because I wanted someone else to think it was cool but never wore it, it was gone.

I sent sellable pieces to consignment or The RealReal, used textile-recycling bags for worn-out items, and gave other belongings away through a local Buy Nothing group. I got rid of at least half of my clothing.

Selling items sometimes brought in $1,000 here or there, but the bigger benefit was seeing my closet shrink without being upset about it, and knowing that my items were now in the homes of more grateful owners.

Here’s my debt-payoff plan

As of August 2026, we had about $91,000 in credit card debt — meaning we were still spending well outside our means, despite a $400k income.

I used a debt-payoff spreadsheet to stop keeping everything in my head and started attacking the cards with the highest interest rates first.

I’m putting as much extra money as I can toward the cards, but I’m also building an emergency fund so I don’t have to rely on credit when something breaks.

My six-month emergency-fund goal is about $118,000, and I’m taking advantage of a high-yield savings account. I had about $10,000 saved when I started this plan and hope to have it fully funded in about 18 months.

I also contribute $100 a week to Acorns, a micro-investing app. I used to think luxury goods could double as investments. I would tell myself a bag, a diamond, or a piece of jewelry was worth buying because I could always resell it later.

Now, I separate enjoying something from investing in it. I can still want a beautiful bag, but it’s not my retirement plan, and I’m building financial security for the money I may need in the next three to five years — not just the money I need now or decades from now.

• Jensen Huang is no longer set to attend a Monday Anthropic CEO forum, according to a person familiar with the matter.
• Nvidia’s board opened an investigation into whether Huang was the “target of a foreign intelligence effort.”
• Huang’s name also disappeared — and then reappeared — from the speaker lineup for a Wednesday ElevenLabs conference.

Jensen Huang was set to be interviewed by an Anthropic executive on Monday evening as part of a CEO forum hosted by the AI lab, a person familiar with the event told Business Insider. Then the CEO disclosed he had an affair, and Nvidia’s board opened an investigation.

Now, he is no longer expected to attend, according to a second person familiar with the matter. Anthropic declined to comment.

Huang’s name and image also briefly disappeared — and then later reappeared — from the speaker list for the ElevenLabs Summit in New York. The Nvidia CEO has for weeks been scheduled for a fireside chat with ElevenLabs CEO Mati Staniszewski on Wednesday, where the two would have a “conversation on the future of AI.”

As of Monday afternoon, a time slot held for the fireside chat with Huang showed a “closing keynote” from Staniszewski alone. ElevenLabs, an AI startup that specializes in voice technology, and Nvidia did not immediately respond to requests for comment.

In a Sunday note to staff, Huang said that he had been “unfaithful” to his wife. He apologized to his wife and kids, and said that his Nvidia colleagues deserved better.

“I am fully committed to NVIDIA and will work to earn back your confidence,” Huang wrote.

That same day, Nvidia said that its board of directors opened an investigation into whether Huang had been the target of a “foreign intelligence effort.”

The investigation followed an October report by The New York Times, which said that Megaspeed executive Alice Huang had developed a close relationship with Nvidia’s CEO. US officials believed Huang was a Chinese intelligence asset, the Times reported.

In his memo to staff, Huang said that he intended to cooperate fully with the investigation.

Other speakers at ElevanLabs’ Wednesday conference include several of the AI company’s other executives, as well as leaders from Ramp, McKinsey, and AWS.

Update November 9, 2026 — This story has been updated to reflect that Huang’s name reappeared on ElevenLabs’ conference speaker list later on Monday after its initial removal.