Billionaires

A new AI chip from Google’s parent company could reportedly be up to 10 times more energy-efficient.

In an interview with Forbes, the design software giant’s CEO Melanie Perkins discusses her and husband Cliff Obrecht’s latest philanthropic initiative.

Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on Nasdaq at an $18.4 billion valuation.

The Richards family is one of America’s richest clans, thanks to its electrical manufacturing company Southwire. Here’s why the AI craze should boost that fortune.

Around 1,000 people attended the celebration including actors, athletes, music artists and more.

The Oracle chairman ranked the world’s second-richest person earlier this month.

Titans of finance including Baillie Gifford and T. Rowe Price have backed Airwallex in the startup’s US$320 million Series H, which values the Australian-born startup at $16 billion.

A slump in SpaceX’s stock price and new restrictions on $116 billion of Musk’s Tesla shares have dropped him from the four-comma-club.

A selloff for Musk’s rocket maker wiped out roughly $900 billion in market value.

The UFC CEO said a proposed fight at Rome’s Colosseum would have cost an estimated $150 million.