Even the richest person in the world needs a bit of help from his friends when trying to pull off one of the largest hostile takeovers in history.
RBC Capital Markets managing director of software Rishi Jaluria explains his outlook on AI in the aftermath of DeepSeek's chaotic debut.
Ellison appeared earlier this month alongside OpenAI Chief Executive Officer Sam Altman at the White House to announce project Stargate — a joint venture between Oracle, SoftBank Group Corp. and OpenAI.Musk and Altman — who together co-founded OpenAI as a non-profit in 2015 — have been locked in a long-standing feud over the company’s direction. In making his long-shot bid, Musk said in a statement he hopes to return OpenAI to being “the open-source, safety-focused force for good it once was.
Musk, with a net worth of $378.8 billion, according to the Bloomberg Billionaires Index, has never shied away from tangling his personal and business relationships.Ron Baron, who started Baron Capital in 1982, began investing in Tesla in 2014, with the stake making up more than 40% of his Baron Partners Fund as of last month. The fund’s second-largest position is SpaceX, which isn’t publicly traded.
In addition to SpaceX, Tesla, Boring Co., SolarCity and Neuralink, Valor Equity has backed Palantir Technologies Inc. co-founder Joe Lonsdale’s wealth-management company Addepar and former Tesla chief technology officer JB Straubel’s Redwood Materials.Gavin Baker started Boston-based Atreides Management in 2019 after 18 years at Fidelity Investments, where he supported Musk in the Tesla-SolarCity deal.
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