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Fit Chance: “The demand is very high," Shalom Meckenzie says of Amp, "and my gut feeling is that we are building something very big here."

Why the odds are stacked against this sports gambling billionaire’s home exercise startup

Shalom Meckenzie made a $1.4 billion fortune after merging his software company with DraftKings. He now believes his new fitness company, Amp, could be even bigger—just don’t remind him about Peloton. Or Mirror. Or…

  • By Will Yakowicz
  • Forbes Staff
Sales at Tesla are tanking in all major markets as its Chinese rivals are surging. But its problems are just beginning. Image: Getty

Things are bad at Tesla. They’re about to get much worse.

The EV company’s sales are tanking in all major markets as its Chinese rivals are surging. But Tesla’s problems are just beginning.

  • By Alan Ohnsman
  • Forbes Staff

Australia’s largest pension fund sells $367M WiseTech shares on governance concerns

The divestment comes after WiseTech appointed its founder Richard White as executive chairman last month, enabling the tycoon to take back control of the company four months after quitting as CEO following a series of damaging media reports.

  • By Jonathan Burgos
  • Forbes Staff

23andMe files for Chapter 11 bankruptcy—CEO Anne Wojcicki exits

Wojcicki said she intends to become an outside bidder to acquire the company’s assets after her earlier efforts to take 23andMe private failed.

  • By Siladitya Ray
  • Forbes Staff

Can Netflix become the Netflix of gaming?

The streaming giant has been unable to disrupt the video game market, but armed with massive resources and time, its new push to level up could leave its competitors in the dust.

  • By Matt Craig
Tesla

Five people who could run Tesla better than Elon Musk

The EV maker is struggling as anti-Elon Musk sentiment sparks Tesla boycotts and protests. It’s not likely to happen, but who could step in if he relinquished the reins?

  • By Alan Ohnsman
  • Forbes Staff
OpenAI

New data shows just how badly OpenAI and Perplexity are screwing over publishers

AI companies promised publishers their AI search engines would send them more readers via referral traffic. New data shows that’s not the case.

  • By Rashi Shrivastava
Tesla has been the single biggest part of his ever expanding fortune for years. No more, as Tesla’s stock comes crashing down. Samuel Corum/Stringer/Getty Images

Tesla is no longer Elon Musk’s most valuable asset

The EV maker has been the single biggest part of his ever expanding fortune for years. No more, as Tesla’s stock comes crashing down.

  • By Matt Durot
  • Forbes Staff

The female AI artists you need to know: Leonardo.AI

These artists have authorship, distinct voices, and are pushing the medium of AI while honouring the foundational principles of art and design, says Jessie Hughes, Leonardo.ai’s creative technologist.

  • By Jessie Hughes
Scott Farquhar

Atlassian co-founder Scott Farquhar to replace Robyn Denholm as Tech Council chair

Atlassian co-founder and former CEO Scott Farquhar has been named the new Chair of the Tech Council of Australia. He succeeds Tesla Chair Robyn Denholm, who led the industry body for three-and-a-half years.

  • By Josh Lai
  • Forbes Staff
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