In a rare public statement, Palantir co-founder Joe Lonsdale told Inc. his mission was to “save Western Civilization.” His venture firm, 8VC, now invests in defense contractors like Anduril. The comments highlight Silicon Valley’s rightward shift.
Realme is reportedly returning to its roots as a sub-brand of Oppo. The move aims to strengthen internal collaboration and resource management across the BBK-derived brands.
McKinsey’s CEO detailed a radical workforce shift driven by AI, with 25% growth in client-facing roles and 25% cuts in non-client roles. The firm now has 40,000 employees and 25,000 AI agents, expecting those numbers to equalize by year’s end. This signals a new paradigm for how large companies oper
The cost for Taiwanese investors to hedge against a weaker US dollar has slumped to its lowest since 2016. This dramatic shift follows an accounting rule overhaul that prompted local life insurers to unwind massive hedging positions.
Nvidia CEO Jensen Huang broke with other tech billionaires, saying he’s “perfectly fine” with a proposed California wealth tax. The one-time 5% levy on billionaires could cost him over $8 billion based on his current $162.9 billion net worth.
Barry Diller, the architect behind Fox and IAC, argues that the best leaders figure it out as they go. His key tool? Fostering passionate “creative conflict” while ruthlessly banning cynicism from the room.
The investment bank has submitted applications to the SEC for the new funds. This follows the massive success of spot Bitcoin ETFs, which now hold over $120 billion in assets.
In a massive bet on the AI boom’s energy appetite, power generation giant Vistra is buying Cogentrix Energy for $4.7 billion. The deal adds ten natural gas plants across key U.S. grids to directly serve exploding data center demand.
Tesla’s stock remains near record highs despite losing its crown as the world’s top EV seller to China’s BYD. Investors are betting on Elon Musk’s promises of autonomous robotaxis and humanoid robots, but detailed data on these futuristic projects is scarce.
Despite President Trump’s push for U.S. oil companies to “go in so badly” to Venezuela, the industry is hitting the brakes. Rebuilding the decimated sector could take until 2030 and cost $110 billion, and companies want stability before risking capital.
