Page 4 - Jeff Bezos

Southeast Asia fast emerging as centre of gravity for tech industry

After decades of playing second fiddle to China and Japan, the region of about 675 million people is drawing more tech investment than ever

Jeff Bezos, Mark Zuckerberg lead Magnificent Seven insider stock sales

The moves underscore how Silicon Valley insiders are monetizing their holdings after tech stocks rallied to fresh records, rebounding from a 2022 slump caused by accelerating inflation, rate hikes

To the stars: Gopichand Thotakura set to be the first Indian space tourist

Vijaywada-born Gopichand Thotakura, one of the co-founders of Preserve Life, is set to join Blue Origin's crew for the NS-25 suborbital mission

Jeff Bezos buys third mansion for $90 mn in Florida's 'Billionaire Bunker'

This is the Amazon founder's third real estate purchase in the 'world's most exclusive municipality'

Amazon pours additional $2.75 bn into Anthropic, total investment at $4 bn

Amazon said on Wednesday it is pouring an additional USD 2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to USD 4 billion. Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers' experiences, and look forward to what's next, said Swami Sivasubramanian, vice president of data and AI at AWS, Amazon's cloud computing subsidiary. The Seattle-based tech giant made an initial investment of USD 1.25 billion in Anthropic in September and indicated then it had plans to invest up to USD 4 billion. The two companies are collaborating to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the deal, Anthropic will use AWS as its primary cloud provider and us

Bernard Arnault replaces Jeff Bezos as world's richest at $197 bn net worth

Bernard Arnault and Jeff Bezos are followed by Elon Musk at the third spot after the latest shuffle. Musk, who had been reigning the first spot for over 9 months, lost the title to Bezos on Tuesday

Musk loses world's richest person title to Bezos as Tesla shares tumble

Musk's wealth could take a further hit after a Delaware judge struck down his $55 billion pay package at Tesla, where he's chief executive

Jeff Bezos unloads another $2 billion of Amazon stock in latest sale

The move to Florida has now likely saved Bezos about $430 million in taxes. Washington state recently implemented a 7% levy on capital gains, while Florida has no such tax

Jeff Bezos sells $4 bn of Amazon shares, cashes in on Amazon rally

Amazon shares were up 13% this year through Monday's close, the last day on which Bezos sold shares, according to a filing. They slipped 2.2% to $168.64 on Tuesday

Jeff Bezos sells roughly 12 million shares of Amazon worth $2 billion

The sale plan, which is subject to certain conditions, was adopted on Nov. 8, 2023, and would be completed by Jan. 31, 2025, according to the company's latest annual report

Louis Vuitton's Bernard Arnault overtakes Elon Musk as world's richest man

At 11th rank globally, Mukesh Ambani, chairman and managing director, Reliance Industries, continued to be the richest Indian on the list

Billionaire space battle heats up as Jeff Bezos eyes SpaceX rival

'SpaceX likes to say they have a monopoly" in the launch market, Tory Bruno, ULA's chief executive officer, said in an October interview. "They don't.'

Combined net worth of 500 richest surges by $1.5 trn in 2023, Musk leads

No one did better than Elon Musk, who recaptured the title of world's richest person from French luxury tycoon Bernard Arnault. The Tesla chief executive officer netted an additional $95.4 billion

iPhone hack: Chandrashekhar rebuts Washington Post, calls it 'half facts'

In a story published on December 27 in association with Amnesty the Washington Post had reported that certain journalists had been targeted with the spyware on their iPhones

TMS Ep592: Electric vehicles, stock markets 2023, Santa rally, Blue Origin

Will 2024 be the year of EVs? What led to the rise of stock markets in 2023? Is the Santa rally over in the markets? What is Blue Origin? All answers here

Jeff Bezos' rocket company launches experiments, first since 2022 crash

Jeff Bezos' space company successfully launched a rocket carrying experiments on Tuesday, its first flight since engine trouble caused a crash more than a year ago. The New Shepard rocket soared from West Texas, lifting a capsule full of tests, many of which were aboard the failed Blue Origin launch in September 2022. No one was aboard that flight or this latest one. This time, the capsule made it to the fringes of space, exposing the experiments from NASA and others to a few minutes of weightlessness, before parachuting back down to the desert. The rocket landed first, after releasing the capsule. It reached an altitude of 66 miles (107 km) during the 10-minute flight. During 2022's failed launch, the rocket started to veer off course shortly after liftoff, prompting the escape system to kick in and catapult the capsule off the top. The capsule landed safely, but the rocket came crashing down. The problem was traced to an overheated rocket engine nozzle that broke apart. Design ..

Time has come for India to produce its own Bezos, Zuckerberg: Maha Guv

Maharashtra Governor Ramesh Bais on Saturday urged students to come up with innovative ideas to make the country a developed nation by 2047, saying it's time for India to produce its own Jeff Bezos and Mark Zuckerberg. The governor was speaking at the convocation ceremony of a private management institute at Mira Road, on the outskirts of Mumbai. Referring to the Viksit Bharat @2047: Voice of Youth' vision, which was recently launched by Prime Minister Narendra Modi last week, Bais said students graduating this year will be at the peak of their professional careers in 2047. Destiny has given students a unique opportunity to transform India from a developing nation to a developed nation, he said, stressing that many countries of the world have taken a big leap to become developed nations at different times. After the Hiroshima-Nagasaki bombings, Japan rose from the ashes to become a leading manufacturing nation. South Korea, China, Singapore, Malaysia and other countries have also .

TMS Ep581: Pandemic-preparedness, internet growth, markets, 10,000-yr clock

Is India prepared for the next pandemic? What is holding back India's internet growth? What should you do with rate-sensitive stocks? What is Jeff Bezos' 10,000-year clock? All answers here

TMS Ep581: Pandemic-preparedness, internet growth, markets, 10,000-yr clock

Is India prepared for the next pandemic? What is holding back India's internet growth? What should you do with rate-sensitive stocks? What is Jeff Bezos' 10,000-year clock? All answers here

The $42 mn clock set to tick once a year, keep time for next 10,000 years

Being built inside a mountain in Texas, the century hand of the 10,000-year clock advances once every 100 years, and the cuckoo will come out on the millennium