Scan a few headlines and you’ll find, broadly speaking, that there are two schools of thought around the implications of artificial intelligence: the Cassandras and the Polyannas. But Reid Hoffman, a leading voice on the subject, wouldn’t classify himself as either. “There are dramatics,” he tells me, “on both sides.” Hoffman, a cofounder of LinkedIn, … Read more
Meta is shifting away from independent fact-checkers on Facebook and Instagram in favour of a “community notes” system, where users themselves can assess the accuracy of posts. This controversial change has sparked debates about its potential impact on misinformation and the democratic process. What Is Changing? Meta’s fact-checking programme, launched in 2016, relied on independent … Read more
Stewart Resnick and his wife, Lynda, are business partners and the wealthiest farmers in the United States. Each has an estimated net worth of £4.5 billion ($5.6 billion), making their combined wealth £9 billion ($11.2 billion). The Wonderful Company serves as a holding company for the Resnicks’ numerous investments and agricultural businesses. According to Forbes, … Read more
In a move that would seem unthinkable in the 1990s, billionaire Mark Cuban purchased a Gulfstream G5 jet worth $40 million entirely online. Fresh off the sale of his pioneering streaming company, Broadcast.com, to Yahoo! for $5.7 billion in stock, Cuban cemented his place in e-commerce history. He made what is considered the “largest single … Read more
Brian Altomare, founder of LugLess, entered the airline baggage services industry after his business pitch was rejected by Shark Tank in 2013. LugLess offers a service that enables travellers to ship their luggage in advance at competitive prices, positioning itself as a cost-effective alternative to expensive airline baggage fees. The business saw a quick rise, … Read more
Almost 20% of American households generate passive income from interests, dividends, or rents, with median earnings at $4,200 annually. Building passive income streams is an emerging trend as more people increasingly gain access to investment instruments that have long been limited to the wealthy. Rich Dad Poor Dad author Robert Kiyosaki believes everyone should focus … Read more
Shark Tank star and multi-billionaire entrepreneur Mark Cuban understands that not everyone can invest millions in businesses or start their own companies successfully. However, the Dallas Mavericks co-owner believes there are many ways to secure extra money via passive income streams without burning a hole in your pocket. 1. Invest in Stocks That Are Dividend … Read more
Billionaire investors and renowned hedge fund managers, such as Pershing Square Capital Management’s Bill Ackman, Citadel’s Ken Griffin, and Susquehanna International Group co-founder Jeff Yass, bought millions of Nike shares in Q2 despite the company struggling to retain the top market spot due to headwinds on multiple fronts. Shares are down over 20% year-to-date and … Read more
The made-for-Instagram descent into Takamatsu Airport follows the coast of Japan’s Shikoku island for several minutes before dipping down onto the runway and terminal where there is likely to be only a single other aircraft. Immigration is almost spookily free of other passengers, while the drugs detector dog gambolling about baggage reclaim looks as if … Read more
Bollywood superstar Salman Khan got his taste of luxury when he tried on a watch costing millions. A video going viral online sees the actor trying on a diamond-studded watch reportedly worth a jaw-dropping $20 million, which roughly amounts to Rs 167 crore. The clip was posted online by renowned jeweller Jacob Arabo, who expressed … Read more
