Michael Dell’s net worth surges up $35 billion, passing Zuckerberg as 6th richest
Analysts called Dell’s latest earnings “one of the most impressive quarters we’ve seen in our time covering hardware.”
Investing
Fortunes of Anthropic’s seven cofounders more than double to $16.6 billion each
After a massive fundraise that values the AI company at nearly a trillion dollars, Dario and Daniela Amodei, along with their five cofounders, have seen their net worths soar.
Why these boomer business owners face a retirement curveball
As many Australian business owners gear up for retirement, uncertainty around the Budget’s CGT changes may harm succession plans and retirement outcomes
Anthropic is now worth almost $1 trillion—more than OpenAI
OpenAI’s valuation reached $730 billion in March following a massive $122 billion funding round.
Meta shares jump after company announces premium subscriptions for Facebook and Instagram
The subscriptions are being rolled out under the banner of “Meta One,” which incorporates paid subscriptions for the company’s apps and AI chatbot.
Could Musk merge SpaceX and Tesla? Here’s what analysts—and betting markets—say
Wall Street has speculated whether the world’s richest person will consider a tie-up for his two most valuable companies.
Robinhood will allow users’ AI agents to trade stocks
Robinhood said Wednesday it would allow customers to bring their own agents to the platform.
Bill Ackman dealt blow in $64 billion bid for Universal Music Group
The Bolloré Group, a major shareholder in Universal Music Group, urged the record label to reject Bill Ackman’s $64 billion bid, saying it undervalues the company.
The ‘negative’ question OpenAI’s Sam Altman gets most from CEOs
Sam Altman was interviewed by Commonwealth Bank CEO Matt Comyn on Tuesday, where he admitted to being surprised that AI hasn’t stimulated more economic growth.
‘Ranting on LinkedIn won’t fix it’: How Airtree’s Daniel Petre wants to solve the CGT debate
Airtree co-founder Daniel Petre has problems with the Labor Government’s proposed changes to capital gains taxation, but says “screeds” on LinkedIn won’t solve anything.