Dan Loeb's Third Point hedge fund is betting big on BlackRock, the world's largest asset manager. In a client letter dated July 26 explaining its stock investment, Third Point said: "W e think BlackRock is a misunderstood franchise that...Show More Summary
Two tech billionaires are clashing over the future of artificial intellligence. Tesla co-founder Elon Musk warned this month that AI is a "fundamental risk to the existence of civilization." Facebook CEO Mark Zuckerberg criticized those comments during a Facbeook Live session without using Musk's name. Show More Summary
Steve Ballmer, former CEO of Microsoft and owner of the LA Clippers, may be the happiest retired person in tech — or even the world. He met Bill Gates in college and joined Microsoft as the 30th employee. Now, he lives an enviable (and...Show More Summary
Tech billionaires Elon Musk and Mark Zuckerberg have been arguing about whether AI will doom humanity or not — with Musk essentially warning us that killer robots are inevitable, while Zuckerberg takes a more “optimistic” approach. Last week, Musk warned U.S. Show More Summary
LONDON — Sports Direct founder and billionaire Mike Ashley won his £15 million High Court dispute over an alleged promise made in a pub. Former advisor Jeff Blue claimed Ashley had promised to pay him £15 million if he could help double...Show More Summary
Authored by Daniel Lang via SHTFplan.com, I’d wager that most liberals are still in a bit of a shock over the fact that Donald Trump is in the White House. Never in a million years did they expect a brash, unapologetic billionaire and former reality TV star to win the highest office in the land. Show More Summary
Billionaire investor Warren Buffett is setting his sights on a new company. The investment firm he runs, Berkshire Hathaway, is in talks to buy a stake in Latin American reinsurer IRA Brasil Resseguros, according to a Bloomberg News report. Show More Summary
The two billionaires continue to spar over the robot apocalypse.
A prosecutor says a Chinese billionaire bribed two United Nations ambassadors so he could make a U.N. conference center in China the "Geneva of Asia." Assistant U.S. Attorney Janis Echenberg … Click to Continue »
A new complaint filed by investor Bill Browder with the Treasury's Office of Foreign Asset Control alleges that California Rep. Dana Rohrabacher and his staff director, Paul Behrends, violated the Magnitsky Act when they tried to get...Show More Summary
As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in a trucking logistics startup that competes with UberShow More Summary
Carbon County, Wyoming could soon be home to the United States' biggest wind farm, complete with 1,000 turbines. Conservative billionaire Philip Anschutz, who got his start in his father's oil business, is behind the massive wind farm, which will be large enough to power every single home in both San Francisco and Los Angeles. Show More Summary
Tech billionaires have differing views on where AI will take humankind.
Since taking office, President Donald Trump has stepped up US military strikes against al-Shabaab, the ISIS-affiliated terrorist group based primarily in Somalia, despite promises to avoid more foreign entanglements. In May, a Navy SEAL...Show More Summary
Billionaire Mark Cuban just warned about the devastating effects artificial intelligence will have on U.S. jobs. But there's much more to know about automation's takeover than that. The post Mark Cuban: Artificial Intelligence “Will Cause a Lot of Unemployment” was originally published at The Wall Street Examiner. Follow the money!
'If you don’t change with the times, you’re static,' he says.
Billionaire Dan Gilbert apologizes for controversial real-estate company campaign on Detroit building: 'We screwed up badly.'
Frugality is a subjective term. To the average Joe it could mean eating meals at home or scouring the internet for cheap flights. But to a billionaire it means showing up to work in a T-shirt and jeans, driving a Toyota or Volkswagen,...Show More Summary
The involvement of a Russian billionaire developer and his pop-star son in setting up a meeting between a Kremlin-linked lawyer and members of Donald Trump’s inner circle may have landed the father-son duo in controversy in the United States, but it doesn’t seem to be hampering their business back home. On July 13—two days after […]
Rep. Joaquin Castro (D-Texas) called on Elon Musk to build a hyperloop in Texas after the billionaire tweeted he had received "verbal approval" from the "government" to build a hyperloop system between DC and NYC.