This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. A few months before he was awarded the Nobel Prize in economics in 2024, Daron Acemoglu published a paper that earned him few fans in Silicon Valley. Contrary to what Big Tech…
If you’ve been following the billionaire exodus from California with some confusion, here’s what’s actually driving the nervousness: it’s not the 5% rate. As highlighted Friday in the New York Post, the proposed wealth tax would hit founders on their voting shares rather than the actual equity they own. Take Larry Page, who about 3% […]
While it’s easy to romanticize space as an escape to a pristine frontier where people will float weightlessly among the stars, it’s worth remembering there are no oceans or mountains or chirpy birds in space. It’s “not nice up there,” said Rubenstein. “It is not nice at all.”
Three offshore wind projects under construction on the U.S. East Coast are back to building after judges rebuked the Department of the Interior’s actions.
Musk’s legal team argues he should be compensated as an early startup investor who sees returns “many orders of magnitude greater” than his initial investment.