Tesla, Inc. (NASDAQ:TSLA) and other automakers are grappling with what could be a sharp disruption to the EV market after federal subsidies that had helped sustain demand have expired. Executives warn that the removal of these incentives could trigger a sudden decline in sales, posing a significant challenge for companies that have invested billions in…
Mike Bezos, father of Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos, is significantly expanding his family office to manage the family’s multi-generational wealth, reflecting the growing trend of private family offices in the U.S. Aurora Borealis Hires CEO To Manage Multi-Billion-Dollar Family Wealth Mike Bezos’ family office, Aurora Borealis, recently hired Valeria Alberola as CEO…
Jeff Bezos says Amazon’s rise can be traced to four simple rules. In a 2009 video recorded after Amazon announced its purchase of Zappos, the founder distilled the company’s playbook to four particular principles that guide its success. Bezos’ four principles were, “Obsess over your customers,” “Invent on their behalf,” “Think long term,” and “It’s…
Elon Musk has dismissed reports of his AI startup, xAI, raising $10 billion at a staggering $200 billion valuation. Musk labeled these reports as “fake news”, asserting that xAI is not in the process of raising capital. Earlier on Friday, CNBC reported stating that AI firm, xAI, raising $10 billion at a post-money valuation of $200 billion. Refuting the news, Musk…
The United Kingdom and the United States are set to sign a major technology agreement during President Trump‘s visit to the UK. This new partnership will emphasize collaboration on areas such as artificial intelligence, semiconductors, telecommunications, and quantum computing, aiming to strengthen ties between the two countries’ massive tech industries, according to a Reuters report….
Tesla Inc.‘s TSLA lackluster sales continue to pose a challenge for Elon Musk‘s EV giant, with the latest data suggesting dwindling market share in the U.S. Tesla Market Share Reaches Eight-Year Low In The U.S. The company’s total market share in the U.S. EV market is down to below 40% for the first time since…
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…
Anthropic has witnessed a significant surge in its valuation. The company’s worth has more than doubled, now standing at $183 billion post-money, following a $13 billion fundraise. Backed By Alphabet, Amazon, Anthropic Raises $13 Billion The valuation increase comes on the heels of a $13 billion fundraise, co-led by Fidelity Management & Research and Lightspeed Venture Partners, Anthropic…
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…
President Donald Trump has intensified his criticism of Europe’s Digital Services Act, threatening tariffs and possibly unprecedented sanctions against EU officials over what Washington calls discriminatory tech regulations. President Trump’s Warning To Europe And China On Monday, Trump took to Truth Social and accused Europe of unfairly targeting U.S. technology firms while giving Chinese competitors…