Investing

Musk said a 15% or lower voting power means “a takeover by dubious interests too easy.”

Billionaires around the world are now US$3.3 trillion (AU$5 trillion) richer than they were in 2020, with their wealth growing three times as fast as the rate of inflation, Oxfam’s Inequality Inc report has revealed.

As of January 1, the 10 richest people on the planet are worth nearly $1.47 trillion—$30 billion more than a month earlier. And Facebook founder Mark Zuckerberg has overtaken Bill Gates to become the world’s fifth richest person.

Brilliant Labs does not suffer from a lack of ambition. This three-person startup is aiming to outmaneuver the giants of Silicon Valley in its quest to develop augmented reality glasses for the masses. A tall order? Yes. But Brilliant Labs has the backing of some big-name investors, so don’t write them off just yet.

Generative AI saw explosive growth in popularity and use in 2023, with changes at the speed of light making it hard to keep up with all the news.

The theme for the 2024 WEF in Davos is ‘rebuilding trust’. Here’s what that actually means – and what to expect from the week-long meeting of minds.

The startup’s new round led by Menlo Ventures surprised some industry insiders for its form of a special purpose vehicle and its function to help price bets by giants Amazon and Google.

The accountants certified that Tingo Group had $462 million in the bank. The SEC says it was just $50. Short sellers are rejoicing.

Investors no longer have to go through a crypto-focused exchange to directly invest in bitcoin.

Billionaire hedge fund manager Bill Ackman doubled down on his attacks against Business Insider and its parent company Axel Springer. The outlet published a pair of reports finding Ackman’s wife, designer Neri Oxman, plagiarized in her academic work—prompting billionaire Elon Musk to encourage Ackman to sue.