Elon Musk has invested about $1 billion in fellow billionaire David Ellison’s entertainment conglomerate Skydance, pledging the cash as the company faces a massive debt load following its acquisition of Warner Bros. Discovery.
The six wealthiest people in the world collectively lost $130 billion on Thursday as tech sector stocks tumbled on renewed fears about the return on investment for the hundreds of billions of dollars companies are pouring into AI infrastructure.
David Reger’s $7 billion Neura Robotics wants to be the Apple of physical AI, building not only an army of industrial and humanoid robots, but also their operating software system and the “gyms” where they will train. Nvidia, Amazon and Tether are onboard to the tune of $1.4 billion.
After Cristiano Ronaldo and Lionel Messi’s World Cup swan song, Forbes ranks soccer’s highest-paid players. See how much star footballers are making on and off the field.
SpaceX CEO Elon Musk’s net worth fell by over $17 billion on Wednesday morning.
Nvidia and Oracle stock fell on Thursday afternoon after a report that OpenAI’s annualized revenue as of September was around $20 billion lower than prior estimates.
Altman said unlike rival Anthropic, his company believes in a “lighter-touch regulatory stance” on AI and that it will be used for more “good stuff than bad stuff.”
The former tech wunderkind has poured billions into his quest to make technologically superior AR glasses and best nemesis Zuckerberg’s Meta.
Musk first hit trillionaire status briefly in June.
More than one-third of people say they’ve had a friendship ruined by money.