Billionaires

SpaceX CEO Elon Musk’s net worth fell by over $17 billion on Wednesday morning.

The “AI factory” developer, founded by Oliver Curtis and Tim Rosenfield, attempted to hit the ASX later this month with a market value of over $40 billion. Investors balked.

Nvidia and Oracle stock fell on Thursday afternoon after a report that OpenAI’s annualized revenue as of September was around $20 billion lower than prior estimates.

Figure’s robots are still in pilots. Its valuation hit $39B. Brett Adcock’s partners keep correcting his claims

The AI giant told a parliamentary enquiry that it is finalising an arrangement for Australian safety researchers to evaluate its latest and greatest (and most threatening) models.

Musk first hit trillionaire status briefly in June.

More than one-third of people say they’ve had a friendship ruined by money.

A spate of AI fundraising deals has made way for a new wave of young European billionaires. Meet the sweet 16 whose fortunes got big boosts of late.

Maincode, the AI lab building Australia’s first sovereign LLM, is spinning up a venture capital arm its hopes will turn leaders in finance, healthcare and entertainment into disruptors.

The lunch follows a White House dinner attended by a group of tech moguls last week alongside President Donald Trump and Chinese President Xi Jinping.