Billionaire Jensen Huang's Nvidia approves a record $150 billion share buyback
Nvidia authorised another $150 billion of share buybacks on Sept. 28, taking its remaining capacity to $235 billion through fiscal year 2028.
Artificial Intelligence
Zimbabwean billionaire Strive Masiyiwa joins Amazon and Google in an African languages AI pact
Strive Masiyiwa's Cassava Technologies is among 60 organisations committing to let 3.4 billion people use AI in their own languages within five years.
Billionaire Mark Zuckerberg gains $25 billion in a day as Meta shares jump 12%
Meta shares rose almost 12% on Monday after Wells Fargo raised its target, lifting Mark Zuckerberg's fortune to $253.6 billion, per Forbes.
Billionaire Nvidia boss Jensen Huang puts the chance AI ends the world by 2030 at zero
Four AI subscribers say the industry's leaders illegally agreed to make their products improve more slowly. Jensen Huang, whose chips those products run on, says the risk they were guarding against is a doomsday narrative with a zero per cent chance of materialising.
South African tech mogul Jens Montanana is cashing in on AI without building a data centre
Datatec has set out an AI infrastructure strategy built on edge computing, a month after announcing a R7 billion special dividend to shareholders.
Elon Musk says AI is riskier than nuclear weapons, backs slowdown
Elon Musk, Sam Altman and Dario Amodei called for slower AI development over one weekend, sending chip stocks down 5.9% as OpenAI delayed its IPO.
Elon Musk tells G20 leaders AI will add $20 to $30 trillion a year to the global economy by the end of 2027
Elon Musk told G20 leaders meeting in North Carolina that artificial intelligence will add between $20 trillion and $30 trillion to the global economy every year, while Wall Street skeptics warn nobody has yet proven the returns justify the spending.
Bill Gates warns world leaders are unprepared for AI as jobs vanish, criminals gain power and children lose social skills
Bill Gates says world leaders have no plan for the AI era and warns the technology will either become the greatest equalizer ever invented or the worst source of injustice in history.
Billionaire Dr. Dre says the only people who fear AI are those who struggle to create
Billionaire Dr. Dre says he uses AI in the studio and that only people who struggle to create see it as a threat.
Billionaire Warren Buffett's Berkshire lifts Alphabet stake 83% to $38 billion
The investment firm led by Warren Buffett raised its Alphabet position by 83% during the second quarter, lifting the holding to roughly $38 billion.
British school dropout James Dacombe is Europe's youngest self-made billionaire at 25
James Dacombe left school at 17 and now owns 30% of AI chip company Olix, valued at $3.3 billion after a $312 million raise.
Palantir's billionaire founder Alex Karp says AI will make him 20 times richer and leave workers behind
Palantir chief Alex Karp says AI could make him twenty times richer, pushing his fortune toward $300 billion, while ordinary workers see only modest gains.
Palantir billionaire Alex Karp blasts AI industry as effing insane in fiery CNBC interview
The Palantir chief, worth $12.3 billion, tore into rival AI firms on CNBC, accusing them of overcharging clients and endangering U.S. security.
Billionaire Robert F. Smith warns companies not to let AI wipe out their intern programs
Billionaire Robert F. Smith has urged companies not to destroy internship programs as artificial intelligence increasingly reshapes entry-level work across industries.
Lionel Richie filed four trademarks on his own voice to stop AI from cloning it without permission
Lionel Richie has filed four trademark applications on his voice to stop AI platforms from cloning it without his permission or compensation.
South African billionaire Magda Wierzycka despises AI but is launching a fund to invest in it anyway
Sygnia CEO Magda Wierzycka says she would press delete on AI if she could, but is launching an AI venture capital fund to ensure South Africa captures the technology's upside.