AI infrastructure companies took off in 2024 as investors put their money in the picks and shovels. Goldman Sachs believes companies using AI to boost revenues will be next to take off in 2025. Here are 11 companies that are realizing revenue gains from the technology. This year, the AI story has dominated the stock…
The DOJ proposed banning Google from paying for search distribution deals. Google’s search dominance relies on distribution, not just technology. Investors worry Google’s market share could drop if distribution deals end. The online search business is not about technology. It’s about distribution. The US Department of Justice made that clear Wednesday when it proposed fixes…
Jeff Bezos’ Gulfstream G650ER private jet is for sale for about $39 million. The 2015 jet is the oldest in Bezos’ fleet. He recently bought a new Gulfstream G700. Bezos and other celebrities have faced criticism for high carbon emissions from private jets. Billionaire Jeff Bezos appears to be selling one of his multimillion-dollar private…
Elon Musk amended his lawsuit against OpenAI and Sam Altman, adding Microsoft as a defendant. Musk included emails between himself and Altman from 2015 in which they discussed starting OpenAI. Musk said OpenAI and Microsoft have formed a “de facto merger.” Elon Musk unveiled several emails between himself and fellow billionaire Sam Altman this week…
Hertz dropped as much as 12% Tuesday morning after posting a deeper-than-expected quarterly profit loss. The rental-car giant is still facing challenges from a high-cost electric vehicle fleet. The company is trying to sell off Teslas that are depreciating in value. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
Elon Musk’s net worth has soared past $300 billion, according to the Bloomberg Billionaires Index. It comes off the back of big stock market gains for Tesla following Trump’s election win. Tesla hit a trillion-dollar market valuation on Friday. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the…
Jeff Bezos congratulated Donald Trump on winning the presidential election. They’ve traded many barbs over the years. Here’s a history of Bezos and Trump’s relationship. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service…
Stocks for the parent companies of Tinder and Bumble wavered this week after the companies reported earnings. Tinder cautioned investors it expected another drop in paying users in the fourth quarter. A Forbes Health survey this year reported 78% of Americans felt exhausted by dating apps. Thanks for signing up! Access your favorite topics in…
Jeff Bezos is the richest he’s ever been. The Amazon founder’s net worth soared to an all-time high of $228 billion on Wednesday, per Bloomberg’s Billionaires Index. Amazon’s stock reached its own record high on Wednesday, fueling Bezos’ wealth jump. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on…
After Donald Trump was declared the new President of the United States of America, shares of Elon Musk’s companies began soaring based on the tech billionaire’s close association with the Republican nominee’s presidential campaign, according to an AFP report. Trump in his victory speech generously praised Musk as a “genius”, stating: “We have a new…