Scott Solomon's avatar features in a video developed by UBS for an internal audience.
UBS
UBS is using AI to create avatar videos from analysts' notes.
36 analysts covering a range of sectors are taking part in the Swiss bank's initiative.
UBS told Business Insider that clients have been seeking more video options.
Banks are using AI to save their analysts' time while giving clients what they want.
Bank of America uses "Banker Assist" to aggregate information to offer insights unique to each client, while Goldman Sachs has a "GS AI Assistant" that functions as an in-house ChatGPT for staff.
Swiss bank UBS has gone further, using AI to generate avatars of analysts that explain their research to clients, and it's planning to do this more.
The Swiss bank started using AI avatars of some analysts in January. About 36 UBS analysts, or 5% of its total, have volunteered to take part. They cover sectors including technology, consumer goods, and energy.
UBS's use of AI avatars was first reported by The Financial Times.
Using OpenAI and Synthesia tools, a script is generated in a matter of seconds that is then edited by staff.
Scott Solomon, head of global research technology at UBS, told Business Insider that his team started creating videos of analysts a decade ago, but capacity restrictions meant they were capped at about 1,000 annually.
Analysts were writing an average of two notes a week but would only go to the video studio once a quarter, he said.
The new tools are "enabling somebody to use a capability in video that they weren't really able to use before," he said.
It also gives clients another way to digest information and meet their rising demand for video, Solomon said.
He compared an avatar to other parts of an analyst's toolkit. "When an analyst joins UBS, we give them Excel, we give them our authoring platform, we give them a CRM [customer relationship management] tool so they can talk to clients. I want them to have an avatar," he said.
Solomon said the next step would be integrating the technology so that a video can eventually be created when an analyst publishes a note — without the need for editing.
He said he hoped this would become possible by the end of the year.
Even if the process was fully automated, UBS said analysts will still assess a video based on their notes before it is sent to clients.
Solomon said that ideally, the avatars would eventually become part of the onboarding process, so that whenever a note is published, there's a video too.
The next step would be integrating this capability directly into the authoring platform.
"We have the script generator, we have the ability to send the script to generate the avatar, and then we obviously have the ability to deliver the avatar to clients," Solomon said.
"We want to string all that together so that as they're writing the note, they can get the video with it as well. Our goal is absolutely not to do 50,000 videos a year, but clearly there's an opportunity to do more videos than we are today."
System engineer Michael Floyd made the decision to stay home with his new daughter after his three-month parental leave. (author not pictured)
SanyaSM/Getty Images
Systems engineer Michael Floyd worked at Lockheed Martin for four years.
Floyd was the breadwinner for his family, but chose to become a stay-at-home dad.
He and his wife budgeted for the transition and even built a chicken coop to counter egg prices.
This as-told-to essay is based on a conversation with Michael Floyd, a 36-year-old stay-at-home dad from Ithaca, New York. It's been edited for length and clarity.
When my wife was pregnant with our child, I was the main breadwinner for our family. We were deciding between two options: putting our daughter in childcare or me becoming a stay-at-home dad.
My wife's plan has always been to become a full-time professor at a top university, so we knew she wouldn't be staying home with our daughter. On the other hand, I was working as a systems engineer for Lockheed Martin, with a six-figure salary.
I took three months of parental leave, and after that, my decision was clear. I left my six-figure engineering job to care for our child while my wife focused on her career. Here's how we decided and budgeted for the change.
New York state childcare would've cost us $30,000 a year
While I was at Lockheed Martin, my wife was working a postdoctoral position at Cornell University. We were also making additional income from our Airbnb rental and two full-time rental properties.
We did calculations, and in our city in New York state, childcare would cost about $30,000 annually.
But I didn't officially decide to be a stay-at-home dad until I spent time caring for my daughter during my parental leave. I noticed just how much attention she needs. I don't trust that even the best childcare worker could attend to my daughter to the degree that I would want.
Plus, until my daughter is of the age where she can raise her voice and let me know something's wrong, it's really hard for me to allow a stranger to watch her. I'm sure 99% of workers are amazing, but I don't want to take a chance on the 1%.
Floyd posing with his daughter.
Photo courtesy of Michael Floyd
I enjoyed my job, but I left to take care of our daughter full time
I found my job to be fun because it felt like solving Sudoku puzzles all day, but it required me to sit at my desk for 10-hour shifts.
Since I hurt my back during my 6-year service in the military, long periods of sitting or standing make it flare up. After four years doing my job, the last two of which were remote, I felt isolated, so I knew I had made the right decision to leave.
I don't have any plans to return to work at the moment, but it's not off the table for the future.
Since I was the main breadwinner, we had to budget for me to stay home
We canceled our housekeeper and our CrossFit memberships. We also switched from Verizon to T-Mobile, which saves us over $100 each month, and removed one of our three vehicles from our insurance.
I've cut down on our grocery bill by adjusting my diet to rely on more plant-based sources of protein like lentils rather than expensive meats. We also switched to cloth diapers, which we estimate will save us up to $2,000 by the time she's potty-trained.
I even built a chicken coop in response to egg price inflation.I converted the old shed in our backyard into a chicken coop. We currently have five chickens, but our coop can hold up to 20, and we spend $60 on chicken feed monthly.
Being a stay-at-home parent is demanding, but worth it
The biggest challenge of being a stay-at-home dad has been how emotional my daughter's crying rants can be. You'd think that you could just put her in a crib and leave and let her cry it out, but you can't.
It's constant work, but that doesn't affect me much. What affects me is that when she's crying, there's not always something I can do. It's an emotionally difficult experience. Sometimes, it'll be 6 p.m. and she's tired of me and the bottle, and she just wants to be comforted by her mother. In those moments, she's completely inconsolable.
But the best part about being a stay-at-home parent is seeing all of her firsts. When she started smiling after one month, it made everything worth it. There's a lifetime of firsts coming, and I can't wait to see all of them.
If you left a high-paying job to be a stay-at-home parent and would like to share your story, please email the editor, Manseen Logan, at [email protected].
Coworker.ai cofounders Alex Calder and Bradford Church.
Coworker.ai
Coworker.ai nabbed $13 million in VC funding from Triatomic Capital, Abstract Ventures, and Eniac.
Founded by former Uber managers, the startup builds a general-purpose AI teammate for the workplace.
Business Insider got an exclusive look at the pitch deck Coworker used to raise its seed round.
Your newest work colleague might not be joining you at the water cooler or at the team's next happy hour: AI agents are infiltrating the workplace, and one startup building those — aptly named Coworker — just cleared a big funding round to put "AI teammates" to work.
Jeff Huber, managing director at Triatomic Capital, led Coworker's $13 million seed funding round, which was announced on Tuesday. Ramtin Naimi of Abstract Ventures, Mallun Yen of Operator Collective, Tim Young of Eniac Ventures, and Clark Golestani, Ken Hausman, and Jack Greenfield of K2 Access Fund also participated in the raise.
Based in San Francisco, Coworker bills itself as a general-purpose AI teammate that can research, plan, and execute high-level work just like an experienced colleague can. The startup said its technology, which about 25 companies have been beta testing since late 2024, has been used across engineering, product management, sales marketing, and operations functions.
For example, a Coworker can act as an engineering teammate to write code, create and review pull requests, and automate release notes, keeping human developers focused on shipping new features. It can also act as a sales teammate, analyzing sales calls and generating proposals and follow-up emails.
Coworker uses its own products at work, which gives the startup a leg up in shipping new features and developing the technology, said CEO and cofounder Alex Calder. For example, Coworker's agents do work like drafting product requirement documents based on customer feedback, creating tickets, writing code, and turning that code into sales talking points, he said.
"In the last six months, we've seen our internal team going from 'AI is good at giving me information' to 'AI is good at using that information to do work for me'," Calder told Business Insider. "That's only possible when you give AI really rich context on your company, your goals, and how you do work."
Calder and his cofounder, Coworker chief product officer Bradford Church, are former Uber managers who led the transportation company's shared rides team.
AI agents are generating strong interest from VCs, and there's high demand, especially for agents that take over rote workplace tasks and free up human employees to focus on more creative and high-impact work. In May, ThriveAI, which builds AI agents that act as junior software engineers, announced a $1.2 million pre-seed round, and AI coding agent startup StackAI announced it landed $16 million.
Another general-purpose AI workplace agent, Artisan, announced in April it raised $25 million.
Calder acknowledged that the AI agent market is getting crowded. When it came to getting VCs excited, focusing on customers helped Coworker close the round, he said.
"There are so many jaw-dropping AI demos these days that VCs are totally desensitized to them," he said. "What they really care about is how customers are actually using the product and whether it can solve real problems at scale. I think what worked in our favor is that we were able to show the real impact Coworker is having inside large companies during our fundraise."
Coworker previously raised $3.5 million in pre-seed funding from Soma Capital, Focal VC, Mischief, and Karman Ventures.
Check out the 14-slide presentation Coworker used to raise $13 million in seed funding.
Alex Kantrowitz, host of the Big Technology Podcast, speaks with Google DeepMind CEO Demis Hassabis and Google cofounder Sergey Brin at Google's I/O conference on Tuesday.
Jeffrey Dastin/REUTERS
Google announced 100 updates at I/O, aiming to dominate the AI landscape.
Google's AI model Gemini will integrate into Chrome, challenging OpenAI's ChatGPT.
Google's strategy shows ambition but risks a lack of focus amid competition from OpenAI.
Google made literally 100 announcements at I/O this week, a clear sign that the tech giant intends to dominate every aspect of AI, from its overhaul of Search to its latest AI models and wearables tech.
The event was packed and, at times, felt electrifying. Google showed impressive stats about how its AI has taken off. It had plenty of far-out goals, too, like building a universal AI assistant and extended reality glasses that give directions in real time.
I/O also showcased Google's vulnerabilities. Some releases clearly overlapped, while arch-rival OpenAI upstaged Google on Wednesday with a big announcement of its own.
With the conference now over, here are six main takeaways.
Google wants a 'total overhaul' of Search
The biggest change touted at I/O was AI Mode — what CEO Sundar Pichai called a "total overhaul" of Google's most iconic feature. In AI Mode, users will have a far more conversational Search experience, asking Google questions directly about what they're looking for.
That's a marked change from the traditional experience of going through a long list of links to find the right answer, which feels more clunky than ever in an age of AI chatbots.
At the same time, AI features like these could cannibalize Google Search and threaten the tech giant's main cash cow, Google Ads. Google risks not figuring out how to heavily monetize these AI tools. That being said, it's already testing ads in AI Mode.
Gemini everywhere
Google's AI model family, Gemini, took center stage at I/O. Google announced that it will integrate Gemini into Chrome, allowing users to chat with its latest AI models while they browse. (The feature rolls out to subscribers this summer.) It's a shot across the bow to OpenAI's ChatGPT, which already has a popular Chrome extension.
I/O also announced an array of updates to its Gemini app, which recently passed 400 million monthly active users — an impressive figure, though still behind ChatGPT. With an update called Personal Context, Gemini app users can get tailored responses based on personal data from Google services, like asking its AI to find a long-lost email.
It's all part of a long-term plan to build a universal AI assistant: what Google calls Project Astra. While it's still unfinished, that plan feels more fleshed out now than when Business Insider tested Astra a year ago.
Soaring AI traction
New AI features are undeniably cool, though Google's AI traction garnered some of the biggest reactions at Pichai's keynote speech on Tuesday.
Onstage, Pichai boasted that the number of tokens generated by Google across all its platforms a month had exploded 50 times to over 480 trillion since last year.
The crowd gasped—it was a big moment. Last year's I/O felt like a giant teaser for coming AI features, with plenty of promise but little to show for it. This year felt different.
Sergey Brin goes founder mode
There was no greater manifestation of Google tripling down on AI than cofounder Sergey Brin crashing a fireside chat with DeepMind CEO Demis Hassabis. That was after Brin wandered around a pavilion trying on a pair of Google's XR glasses.
At the chat, Brin said he goes into the office "pretty much every day now" to work on AI. He also said that retired computer scientists should get back to work to take advantage of the current environment.
Brin has been back at Google since 2023 as the search giant races against AI rivals, and it's obvious he's in "founder mode" — something quite rare at a mature company.
Google's smart glasses are here — sort of
Google let BI briefly try on its prototype Android XR glasses, which have Gemini's AI features and allow users to ask questions. While the tech shows promise, it's still early days. Google staffers asked the throngs of I/O attendees lining up for demos not to ask about price, availability, or battery life.
"We just don't know!" they said.
The prototype glasses feel impressively lightweight — almost too much so, to the point that they felt like they might fall off our faces. The display sits only on the right lens and is practically invisible unless viewed at just the right angle under the right light. It's full-color, but it's small and subtle enough that you might miss the display entirely.
We weren't allowed to view Google Maps or Photos in the glasses like Google showed off in its keynote. Instead, we put on the glasses and walked around a room filled with artwork on the walls and travel catalogs on a table that we could ask Gemini questions about.
While Gemini correctly identified the artwork, it couldn't answer a basic travel query when we looked at the travel catalogs: "What is the cheapest flight to New York next month?" And because the display is only on one side, focusing on it made us feel a bit cross-eyed.
The version we saw isn't the final design. It's missing the coming Warby Parker and Gentle Monster flair, though we did see glimmers of something promising here.
Throwing everything against the wall may or may not work
Google's announcements are undeniably impressive, though some of them felt repetitive. It's hard to understand the difference between Search Live and Gemini Live, for example. Both of them involve chatting with your phone about what it sees through its camera.
Google's strategy of launching literally 100 different things at once could work for the company. It could also signal a lack of focus.
BI was at an I/O panel when the news broke that OpenAI was buying former Apple design chief Jony Ive's hardware startup. Seeing OpenAI upstage Google like that felt a little ominous.
The Google panel BI attended was quite dry and technical, with terms like AI-powered "tool calling" mentioned several times. The contrast with OpenAI's buzzy announcement couldn't be clearer. We even saw several attendees check their phones when the news came out.
Google does have massive advantages in scale and distribution, thanks to Android and Chrome.
Still, it's possible that in the long term, something like an AI-native device that ditches Google's ecosystem altogether eventually takes over.
Investors got a taste of that risk last month, when the stock of Google's parent company, Alphabet, briefly tanked after Apple senior vice president Eddy Cue said search volume was shrinking due to AI.
From Samantha's unrelenting standards to Jordyn's spat with Matt in the finale, the ladies of 'Farmer Wants a Wife' season 3 brought right kind of drama
Discord has become the place for gaming communities on the internet. The company just celebrated its 10th anniversary, and its impact is now big enough that it's available directly on PlayStation and Xbox and was ripped off by Nintendo for the Switch 2's GameChat.
But as it tries to grow, one of the big challenges Discord faces is that, for big or longer-running communities, it can be hard to know where to start, hard to catch up to the speed of real-time conversations, and hard to sift through the potentially huge amounts of conversations and channels. A lot of communities used to form around forums, but Discord just isn't a good replacement for that kind of structured messaging, as covered by Aftermath's Luke Plunkett.
"This is something we want to solve," Peter Sellis, Discord's SVP of product, tells The Verge. "It is not our intention to lock a bunch of this knowledge into Discord."
One way Discord wants to tackle the problem is add features that are "more amicable to structured knowledge sharing, like forums, that we could probably do a better job of investing in and is something we want to do for game developers," Sellis says.
Machine Gun Kelly has given his followers a peek at his baby daughter, eight weeks after he and ex Megan Fox welcomed her into the world.
The musician (real name Colson Baker) shared a new photo via his Instagram on Thursday, May 22.
In the photo, MGK, 35, was in ultimate dad-mode as he posed with his baby girl strapped to his chest in a baby carrier. In the selfie taken in the reflection of a car, MGK managed to keep his daughter’s face hidden while sharing a glimpse of the baby with his fans.
“Stop what you’re doing. These pictures are v important,” the “Lonely Road” singer captioned the post.
The post comes one day after Fox, 39, posted about their daughter via her own Instagram account, revealing it was an “unplanned” pregnancy.
“38 years old six weeks pregnant (unplanned but a happy surprise),” she captioned an Instagram Story video on Wednesday, May 21. “Please stop listening to the patriarchy. Women are eternal light beings.”
She continued, “We do not have an expiration date. Don’t let them rob you of your power.”
Machine Gun Kelly.(Photo courtesy of Machine Gun Kelly/Instagram(
MGK shared the news in March that he and Fox had welcomed their daughter, announcing via Instagram, “She’s finally here!!”
In the caption of the Instagram post, he referred to their daughter as “Our little celestial seed.” Following confusion from fans MGK was later forced to clarify that they did not name their daughter “celestial seed.”
Fox announced her pregnancy in November 2024 after opening up about suffering a past miscarriage. “Nothing is ever really lost,” she captioned an Instagram post at the time. “Welcome back .”
In the first photo, a naked Fox cradled her baby bump while covered in what appeared to be black paint, tagging MGK on her belly. A second picture featured her positive pregnancy test.
The Transformers star and MGK met in 2020 on the set of Midnight in the Switchgrass and their relationship had its ups and downs over the years. The former couple became engaged by 2022 but called it quits in late 2024.
Despite sharing a child together, Fox and MGK are “absolutely not getting back together at this point in time,” a source told Us Weekly exclusively earlier this month.
Fox also shares sons Noah, 12, Bodhi, 11, and Journey, 8, with ex Brian Austin Green. For his part, MGK and ex Emma Cannon share 15-year-old daughter Casie.
One job perk that comes with being a fashion writer is getting an insider’s take on all of the big sale events. With Memorial Day coming up on Monday, I’ve tracked down the best clothing deals on Amazon — and they’re worth every click! Whether you want a new summer dress or are doing a full closet overhaul, these are the top 17 deals I simply can’t resist adding to my cart.
Dreamy blouses, stunning accessories and breezy maxis with tons of five-star ratings are just a few finds I can’t go without shopping this holiday weekend, all for up to 68% off. Some pieces I’m really excited about are these designer-looking sunglasses that are 50% off and these Levi’s bootcut jeans that are now 30% off. With sales this steep, I’m clearing out my closet STAT.
The Top 17 Memorial Day Deals I’m Eyeing as a Fashion Writer
1. Our Favorite: This striped puff-sleeve top will be perfect for everything from picnics in the park to coffee runs this season — was $26, now $10!
2. Pretty Puff Sleeve: I’m scoring this boutique-looking blouse while it’s still on sale because TBH, it looks like it should be so much more expensive — was $29, now $9!
3. Live, Laugh, Levi’s: Anytime I see a pair of Levi’s jeans go on sale, it catches my eye . . . especially when it’s this flattering boot cut pair — was $70, now $49!
4. Perfect Palazzo: I plan on relying on these flowy palazzo pants on days when it’s too hot to wear jeans — was $34, now $27!
5. Dreamy Dress: For trips to the lake or backyard soirées, you’ll catch me in this colorful striped maxi dress that’s complete with tie straps — was $49, now $33!
6. Sleek and Slimming: These are my favorite pair of yoga pants that look slimming and hold up to my workout expectations — was $37, now $32!
7. Must-Have Maxi: I love the way this waist-cinching maxi dress gives off a flattering look in the most stunning way — was $42, now $27!
8. Pearls, Please: Finally, time to have a little more fun with jewelry. Cue these pearl-drop earrings that are made of an 18k gold-plated exterior — was $13, now $9!
9. Trending Tank: I’m manifesting a Euro summer with this cute babydoll tank that is available in classic colors like black, white and pink — was $22, now $17!
10. Woven Wonder: A woven tote bag will never not be a summer staple, and this easy-to-carry pick is sleek and simple — was $19, now $18!
11. Snazzy Sneakers: From vacations to farmer’s markets, my summers include lots of walking, which means you won’t spot me without this fashionable pair — was $46, now $23!
12. Wish-Listed Wedges: Thanks to their latex insole, these strappy espadrille wedges combine both a stylish look and comfy feel — was $45, now $34!
13. Designer-Looking: For me, a pair of designer-looking sunglasses can take my outfit from “blah” to “beautiful” in seconds — was $22, now $15!
14. Stunning Skirt: As a petite gal, I love how this boho mini skirt will help to balance out my frame with its high-waisted design — was $36, now $24!
15. Office-Wear Staple: Though I WFH, every now and then, my life requires a crisp button-up top and this one is sheer perfection — was $20, now $17!
16. Darling Denim: I picture myself wearing this cute babydoll denim dress for farmer’s markets, music festivals and mojito nights with friends — was $40, now $34!
17. Pretty in Polka Dots: With more than 2,000 units bought just last month, I want to see what all of the hype is about with this polka dot T-shirt — was $15, now $10!
President’s signature legislation moves to Senate after narrowly passing House but could face a raft of further objections on everything from tax cuts to Medicaid
The America that marched for George Floyd five years ago is gone, buried beneath a backlash that has hardened — for now — into a new political and cultural order.
Why it matters: Floyd's murder by a Minneapolis police officer shocked the national conscience. But what looked like historic momentum for racial justice has collapsed — eclipsed by a reactionary movement backed by the full force of the U.S. government.
Still, activists aren't giving up: They're recharging and refocusing their efforts — shifting from mass protest to defending what remains, and planting the seeds for what's next.
The fight has moved from the streets to the margins: In courtrooms, classrooms and city councils, a quieter form of resistance is taking shape — often out of the spotlight, but no less determined.
Zoom in: Civil rights groups like the Southern Poverty Law Center, Urban League, and NAACP are investing in long-term infrastructure — working to build durable political power and economic resilience in Black communities.
Angela Rye, a political strategist and former adviser to the Congressional Black Caucus, is leading a 12-city "State of the People Power" backed by over 200 local and national partners.
Selwyn Jones, George Floyd's uncle and co-founder of the Justice 929 Organization, is launching the MYTH app this summer to help record police interactions and alert emergency contacts in real time.
What they're saying: "Progress isn't a straight line. It swings like a pendulum," NAACP president Derrick Johnson told Axios.
"And for some people, especially younger folks, it can feel like we're going backward. But the truth is we're still perfecting democracy, and the Black community has always been at the center of that work."
Flashback: While the killings of Breonna Taylor and Ahmaud Arbery stirred anger and protests in early 2020, it was Floyd's murder on May 25 — captured on camera and seen around the world — that ignited a global uprising.
For a moment, it felt like transformative change was coming.
Five years later, the pendulum has swung hard in the opposite direction.
DEI: On his first day in office, President Trump ordered a government-wide purge of DEI programs and offices — the opening salvo in a systemic effort to dismantle the racial justice agenda that emerged in 2020.
History: Trump ordered a federal review of Confederate monuments toppled during the 2020 protests, targeting what he called a "concerted and widespread effort to rewrite our Nation's history."
Police reform: Days before the anniversary of Floyd's murder, the Justice Department scrapped proposed consent decrees for the Minneapolis and Louisville police departments — and dropped nearly a dozen other investigations into alleged police abuse.
Zoom out: The racial justice backlash hasn't been confined to government.
Major corporations that once championed diversity initiatives have slashed DEI staff, removed racial equity language from mission statements, and dropped even the appearance of activism.
Open racism, antisemitism, and white nationalism have flourished online, with viral incidents — like the cases of Shiloh Hendrix and Karmelo Anthony — fueling toxic tribalism and fundraising.
Prominent MAGA influencers have even launched a campaign to convince Trump to pardon Derek Chauvin, the police officer convicted of murdering Floyd.
The big picture: Advocates, experts and Floyd family members tell Axios that the 2020 racial reckoning has a mixed legacy, with victories often overlooked amid today's backlash.
Most Americans say the heightened focus on race and racial inequality following Floyd's death did notlead to improvements for Black Americans, according to a February survey by the Pew Research Center.
But civil rights attorney Benjamin Crump, who has represented the families of Floyd, Taylor, and countless others in the Black Lives Matter era, argued there has been incremental progress — especially in police accountability.
In the five years since Floyd's death, dozens of cities and states have passedbans on no-knock warrants, expanded crisis response teams and introduced civilian review boards — wins drowned out by public fatigue.
The NAACP's Johnson acknowledged that fatigue, but he pushed back against the idea that people have stopped fighting.
"No one is resting," he stressed. "We've earned the right to reflect. But we are still organizing, still fighting — because not only do our lives depend on it, this democracy does too."
Facing a revolt from Miami Republicans, President Trump salvaged his giant spending plan in Congress late Wednesday by ensuring the death of a Chevron oil deal in Venezuela that the lawmakers lividly opposed.
Why it matters: Trump's decision was a matter of political necessity and a nod to his secretary of state, Marco Rubio — a longtime critic of Nicolas Maduro's socialist dictatorship in Venezuela and Chevron's oil export license that helps enrich the regime.
Trump's move also offered a window into the last-minute dealmaking that saved his priority legislation in the House.
"Ultimately, he trusts Marco," a senior White House official said of the president.
"The pro-Maduro Biden oil license in #Venezuela will expire as scheduled next Tuesday May 27th," Rubio announced late Wednesday on X.
The intrigue: The decision marked an abrupt reversal of Trump's special Venezuela envoy, Ric Grenell, who'd announced the day before that the administration would grant a 60-day extension of Chevron's license to export oil from Venezuela.
As a special envoy, Grenell wants to engage with Maduro.
As secretary of state, Rubio wants to enforce policies on Venezuela set in Trump's first term.
Grenell's announcement Tuesday blindsided officials at the White House, the Treasury and State departments, and Rubio's fellow Cuban-Americans from Florida in the House: Carlos Gimenez, Mario Diaz-Balart and Maria Elvira Salazar — all critics of Maduro's regime.
Zoom in: With a razor-thin GOP margin in the House, Speaker Mike Johnson and administration officials knew Wednesday they couldn't lose the three Miami representatives' votes on Trump's big tax-cut and spending bill. Kentucky Rep. Thomas Massie was already a no for other reasons.
"We just got three new no votes on the 'One Big Beautiful Bill,' " a second White House official groused Wednesday morning. "The Cubans plus Massie kill the bill."
"Marco was apoplectic," a person who spoke with the secretary of state told Axios.
Zoom out: The Venezuelan and Cuban exile communities share a common bond — relatives who escaped leftist regimes. The Miami Cuban-American Republicans are under pressure at home over the Trump administration's deportation policies and its elimination of immigration protections for thousands of Venezuelans.
As anti-socialist hardliners, they don't want Chevron to operate in Venezuela and enrich Maduro's regime, which is propped up by Cuba's intelligence services.
In February,the lawmakers agreed to support Trump's budget plans in return for the president canceling Chevron's license, set to expire Tuesday.
With that deadline in mind, Grenell negotiated with Caracas, secured the release of an American prisoner, and relayed Trump's interest in extending Chevron's license temporarily. But the timing of Trump's bill gave the Miami representatives leverage against those plans.
Inside the room: "The Cubans didn't have to tell us they were a 'no' again. We just knew it," said a third administration official involved in the discussions. "We knew they wouldn't fold on this."
So Trump — who spent Wednesday afternoon arm-twisting and cajoling conservative House members to back his massive tax-cut and spending plan — had to engage with the Miami representatives as well.
Late Wednesday afternoon, Rubio arrived at the White House for an event honoring the University of Florida's national championship basketball team (Rubio is a Gator). Afterward, he huddled with Trump in the Oval Office to make his case against the oil deal.
About 6 p.m., Gimenez — an occasional golfing partner of Trump's —called in by phone.
Deputy White House Chief of Staff James Blair, a congressional liaison, was a constant presence.
"Marco spoke to [Trump] about why it's good policy. Blair emphasized the need to keep these members happy to get the bill passed. It was a tag-team effort," a senior White House official said.
People briefed on the discussions told Axios thatRubio, Gimenez and White House officials who met with Trump countered the arguments by Grenell, Chevron and its legion of lobbyists and commentators who have warned that China would benefit from a U.S. withdrawal from the oil deal.
They noted that China didn't significantly expand in Venezuela when Trump first slapped sanctions on Maduro's regime, which owes China as much as $10 billion.
The oil market is almost glutted, and its $62-per-barrel price is about break-even for producers. So there's no crisis — and Venezuelan oil is more expensive to refine than others because it's so heavy and sulfurous.
Finally, they reminded Trump that he'd given his word to the Miami-area lawmakers to end Chevron's deal with Venezuela.
Gimenez declined to comment. Rubio couldn't be reached for comment.
After Wednesday's meeting, hours went by without word from Trump. The Miami representatives didn't want to push him, but they didn't want to get steamrolled, either.
"When you negotiate with Trump on something like this, you can't make it look like you're negotiating. You have to apply pressure but not say you're applying pressure. It's delicate," a person involved in the talks said.
Finally, at 10:57 p.m. Wednesday, Rubio posted his statement on X saying the Chevron lease would still expire Tuesday.
It was a sign to the three Miami lawmakers that Trump would honor his promise.
Thursday morning, they voted yes on the president's big bill.