Investing

A billionaire and a multimillionaire face off in a polarising election that is pitting the richest people in America against one another.

The company is currently valued at $24 billion following a $6 billion funding round this spring.

Tesla shares shot up more than 5% as the said it expects “slight” year-over-year vehicle delivery growth, going against Wall Street’s expectation of a decline.

A Denny’s busboy turned centibillionaire, Jensen Huang is Nvidia’s largest individual shareholder with a 3.5% stake in the AI dominator.

Artificial intelligence is still hot on the agenda for 2025, as are new frontiers for computing and neurological enhancements, according to research firm Gartner.

Nvidia stock is already up 180% this year and more than 31,000% over the last decade as the company became the face of the artificial intelligence revolution.

Davie Fogarty is perhaps Australia’s most well-known young retail mogul, thanks to the viral success of his sleepwear brand, The Oodie. Now, with $600 million in sales, a coaching business, a Shopify course and a seat on Shark Tank Australia, he’s on hisway to becoming a household name. 

Funding for female founders rose from 11% of deals in Q2 to 13% in Q3. But its still down significantly from 2023. Techstars managing director Kirstin Hunter and Flying Fox Ventures’ Rachael Neumann say companies founded by women are not getting the resources they need to be successful.

The billionaire CEO said the new fleet of autonomous vehicles would cost $30,000 and launch before 2027, though Musk has blown by product timelines in the past.

OpenAI alleged Musk’s suit was an attempt to gain a competitive advantage for his own artificial intelligence startup, xAI.