Investing

A marked increase in non-subscription revenue resulted in a fat payout for the platform’s sole owner Leonid Radvinsky.

The Bolt founder claimed a group of investors had signed off on the company’s chaotic $450 million raise, but some said they hadn’t. Now, BlackRock and other investors have moved to stall the round.

Apple and Nvidia are reportedly in discussions to join a major funding round for OpenAI. The new round of investment could push the ChatGPT-maker’s valuation above US$100 billion.

Nvidia shares are up more than 150% on the year amid a demand surge for its AI-powering chips.

Australia’s national carrier Qantas has seen its statutory profits after tax take a near-30% hit, which the airline says is due to moderating fare prices.

Few mutual fund managers can come close to this former Legg Mason portfolio manager’s 15-year market-beating record. Below he discusses lessons he has learned, plus his firm’s top ten holdings.

Cooper’s podcast has ranked as the second-biggest on Spotify since 2021, only behind “The Joe Rogan Experience.”

Netflix’s recovery came as other media empires flailed, with shares of Disney, Paramount and Warner Bros. Discovery each more than 50% below their 2021 peaks.

A former Savage X Fenty executive will replace Martin Waters at Victoria’s Secret.

Bequests to philanthropic organisations are expected to double over the next decade, growing from $1.3 billion in 2024 to $2.6 billion in 2034. Inheritance to family, friends and charity is expected to reach $5.4 trillion by 2044 according to JBWere.