U.S. Billionaires Are Collectively Worth About $5.7 Trillion. Here’s How They Made Their Fortunes — And Surprisingly Most Are Not in Tech.
From banking to real estate, U.S. billionaires amassed their wealth in different ways.
Meta strikes up to $100B AMD chip deal as it chases ‘personal superintelligence’
Meta is buying billions of dollars in AMD AI chips in a multiyear deal tied to a 160 million-share warrant, deepening its push to diversify beyond Nvidia and expand data center capacity.
Others
American Parents Are Loaning Their Kids Money — Sometimes With Serious Strings Attached: ‘Even Generosity Comes With Boundaries’
Many young adults depend on financial assistance from family to make ends meet.
Mistral, the French AI giant, is reportedly on the cusp of securing a $14 billion valuation
The 2-year-old OpenAI rival, founded by former DeepMind and Meta researchers, develops open-source language models and Le Chat, its AI chatbot built for European audiences.
Scale AI is suing a former employee and rival Mercor, alleging they tried to steal its biggest customers
Scale is clearly concerned enough about the threat of Mercor, and the poaching of one of its employees, to pursue legal action
1 in 4 Job Listings on LinkedIn Are Likely ‘Ghost Jobs,’ According to a New Report. Here Are the Cities Impacted the Most.
These listings are posted with “no intention to hire,” experts say.
My Business Hit $1 Million — Then a $46,000 Mistake Exposed the Biggest Bottleneck to Explosive Growth
How a costly mistake forced me to confront the real barrier to scaling and the changes that unlocked explosive growth beyond $1 million.
Apple’s Siri upgrade could reportedly be powered by Google Gemini
An AI Siri is in the works and it could be running Gemini under the hood.
xAI’s CFO is the latest executive to leave the Elon Musk’s AI firm
Mike Liberatore left xAI at the end of July. He is the latest in a string of executive departures at Elon Musk’s AI firm.
FirstClub bucks India’s speed obsession, quickly triples valuation to $120M with premium approach
FirstClub has raised $23 million in a Series A round co-led by Accel and RTP Global to expand its premium quick commerce platform.
CoreWeave acquires agent-training startup OpenPipe
CoreWeave hopes the YC-backed startup will help it expand down the stack, and cash in on enterprises developing AI agents.