Business

[ad_1] How can it not be awkward when you help oust a CEO who returns five days later with strong support from employees and investors? That’s where OpenAI chief scientist and cofounder Ilya Sutskever currently finds himself, and Elon Musk thinks he should jump ship for Tesla or xAI. Last month, Sutskever joined other OpenAI board members in firing CEO…

[ad_1] OpenAI CEO Sam Altman and Tesla boss Elon Musk exchanged plenty of barbs over the past year regarding artificial intelligence. But on Friday, Musk expressed agreement with Altman’s assessment of something quite different: antisemitism.  This week, Harvard president Claudine Gay and other university leaders were grilled on Capitol Hill on how their institutions had responded to antisemitism, against the…

[ad_1] A former Jacksonville Jaguars executive stole $22 million from the NFL team and used the money to fund a luxury lifestyle that included a Tesla, private jet travel and a $95,000 Patek Philippe Nautilus watch, according to US prosecutors. The executive, Amit Patel, processed fraudulent credit card transactions from September 2019 until he was fired in February, according to…

[ad_1] Redfin’s real-estate outlook for 2024 has good news for homebuyers—or does it? With affordability deteriorating beyond levels seen at the peak of the housing bubble, chief economist Daryl Fairweather sees improvement next year—just not at the rate that’s actually needed.  “Home prices will still be out of reach for many Americans, but any break in the affordability crisis is…

[ad_1] Welcome to the modern dynastic era. Today’s billionaires are undergoing a seismic shift, transferring an unprecedented amount of wealth to heirs around the world that is so large it’s changing the makeup of the typical billionaire. Right now, the typical billionaire is around 69 years old and made his (it’s almost always a man) money from entrepreneurship of some…

[ad_1] Charlie Munger was one of a kind. That was more evident than ever in the wake of the legendary investor and Berkshire Hathaway vice chairman’s death last week at age 99. A raft of corporate CEOs and renowned Wall Street investors reflected on—and lionized—Munger after his passing, sharing what the sharp-tongued, quick-witted right hand man to Warren Buffett meant…

[ad_1] Beyoncé ruled the box office this weekend. Her concert picture, “ Renaissance: A Film by Beyoncé,” opened in first place with $21 million in North American ticket sales, according to estimates from AMC Theatres Sunday. The post-Thanksgiving, early December box office is notoriously slow, but “Renaissance” defied the odds. Not accounting for inflation, it’s the first time a film has…

[ad_1] Charlie Munger, who passed away this week at age 99, could have afforded a mega-mansion—or several of them. Instead, the billionaire investor stayed put in the same modest home in Los Angeles for seven decades. One reason, explained the longtime business partner to Warren Buffett, was that extravagant homes don’t really make people happier.  He and Buffett had watched…

[ad_1] Bill Eisenman has always fished. “Growing up, we ate whatever we caught — catfish, carp, freshwater drum,” he said. “That was the only real source of fish in our diet as a family, and we ate a lot of it.” Today, a branch of the Rouge River runs through Eisenman’s property in a suburb north of Detroit. But in…

[ad_1] Warner Bros. Discovery CEO David Zaslav has faced his share of controversial decisions since taking on the task of overhauling the newly merged company in 2022.  Those included shelving completed movies like Batgirl—an unheard-of move in Hollywood where even the worst productions get released; rebranding HBO Max as Max, and combining the company’s prestige TV content like The Sopranos…