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Atlassian defies ‘SaaSpocalypse’ fears, jumps 35% after strong earnings

Mike Cannon-Brookes handed down what could be a landmark earnings report for Atlassian, with the company swinging from a US$24 million loss a year ago to US$139 million of profit. Key Takeaways Key background It has been a tough year for Atlassian investors – before these earnings, its stock was down 40 per cent over […]

  • By Daniel Van Boom
  • Business Journalist

Palantir CEO Alex Karp surges 67 places in Forbes Billionaire ranks as stock skyrockets 30%

The AI revolution “makes us very optimistic about the future,” billionaire co-founder Alex Karp said.

  • By Ty Roush
  • Forbes Staff

Zuckerberg’s fortune drops $18 billion as Wall Street sours on Meta’s AI spending

Shares of the Facebook parent have plunged over what could be an 11-day losing streak.

  • By Ty Roush
  • Forbes Staff

Atlassian warns more AI use will not magically lift productivity

Fortune 500 companies are embracing AI, but few can measure a tangible return. Atlassian’s chief people and AI enablement officer says widespread adoption means little unless businesses redesign the processes around it. The executive in charge of Atlassian’s internal AI tooling says the world’s biggest companies are struggling to see productivity gains from AI, and […]

  • By Daniel Van Boom
  • Business Journalist

Asides

Could more Epstein files be released soon? Redacted docs will be reviewed by a US judge this week

Journalist Katie Phang has asked the court to fine Acting Attorney General Todd Blanche $1,000 per day until he turns over all the files.

  • By Alison Durkee
  • Forbes Staff

Inside the Arnault family succession fight Bernard Arnault says doesn’t exist

Arnault says his family is just fine, thank you very much.

  • By Mary Whitfill Roeloffs

‘Former trillionaire’ Elon Musk’s wealth sinks as SpaceX shares slide

The Tesla and SpaceX CEO recently acknowledged his fortune’s decline, calling himself a “former” trillionaire.

  • By Ty Roush
  • Forbes Staff

Inside the $390 million fiasco of Russia’s seized super yachts

After Putin invaded Ukraine, Western countries grabbed 20 yachts to punish him and his cronies. Great PR move but terrible economics as many still rot in their berths, costing taxpayers millions.

  • By Giacomo Tognini

Mark Zuckerberg overtakes Michael Dell as 5th richest amid Dell selloff

The hardware firm’s stock has cooled since skyrocketing to an all-time high last month.

  • By Ty Roush
  • Forbes Staff

Alphabet rally boosts Google cofounder fortunes by $15 billion

A new AI chip from Google’s parent company could reportedly be up to 10 times more energy-efficient.

  • By Ty Roush
  • Forbes Staff
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