After conquering content creation and streaming, MrBeast could have his eyes set on launching a mobile phone company. A new report says the creator, also known as Jimmy Donaldson, could be following in the footsteps of Ryan Reynolds and President Donald Trump by launching a celebrity-backed phone company. What Happened: With 430 million subscribers on…
Japanese media giants Nikkei and Asahi Shimbun have filed a lawsuit against Perplexity AI, which is backed by Amazon founder Jeff Bezos and Nvidia Corporation NVDA. They accused the AI search startup of copying and storing their content without permission. Nikkei And Asahi Seek $30 Million In Damages The lawsuit, filed Tuesday in Tokyo, alleges…
Despite growing concerns about renewed trade tensions between Washington and Beijing, one analyst says the drama may be more performative than policy-driven. What Happened: Marko Papic, chief strategist at BCA Research, downplayed the long-term impact of escalating U.S.-China tariff rhetoric, suggesting that the latest threats may be largely symbolic and unlikely to result in sustained…
Perplexity, backed by Amazon.com Inc. AMZN founder Jeff Bezos and Nvidia Corp. NVDA is reportedly in talks to raise up to $1 billion in a new funding round that would value the company at $18 billion—double its valuation just four months ago. What Happened: Perplexity is in discussions to raise between $500 million and $1…
ByteDance’s TikTok committed $8.8 billion in data centers in Thailand over five years, Reuters cited VP Helena Lersch on Friday. Prior reports indicated Nvidia Corp NVDA eying investments in Thailand after Alphabet Inc GOOG GOOGL Google and Microsoft Corp’s MSFT move as Southeast Asia becomes a hub for artificial intelligence data centers and component manufacturing. Thailand has attracted…
Billionaire Jeff Bezos appears to have a major conflict of interest on his hands with a newspaper he owns trying to get records from another company he founded. What Happened: While he’s no longer the CEO of Amazon.com Inc AMZN, Bezos remains a shareholder and the executive chairman of the company. This means that a…
Jeff Bezos-backed Perplexity AI has reportedly submitted a revised proposal to merge with TikTok’s U.S. business, offering the U.S. government a 50% stake in the new entity. What Happened: The new plan, submitted to TikTok’s parent company, ByteDance last week, allows the U.S. government to own up to 50% of the merged entity through a…
President-elect Donald Trump has disclosed plans to have dinner with Amazon Inc. AMZN founder Jeff Bezos. What Happened: During a Meet the Press interview with Kristen Welker on Sunday, Trump said that following his Nov. 5 win, he got calls from many people. He also heard from Bezos and added “We’re having dinner,” while expressing…
The past week has been a whirlwind of economic insights and policy debates. From Jeff Bezos challenging Elon Musk‘s cost-cutting strategies to Donald Trump‘s tariff plans stirring up potential trade wars, the financial world is buzzing. Meanwhile, the Federal Reserve hints at a possible rate cut, and the U.S. job market shows unexpected strength. Let’s dive into the key stories…
On Wednesday, Amazon.com, Inc. co-founder Jeff Bezos shared his positive outlook on Donald Trump’s upcoming second term, underscoring potential regulatory reductions. What Happened: In an interview at the New York Times DealBook Summit, Bezos expressed his willingness to assist in cutting regulations. “I’m actually very optimistic this time around,” he stated referring to Trump’s enthusiasm…