Investor Cathie Wood predicts a ‘shudder’ in Big Tech valuations, saying higher rates may test investor faith
Investor Cathie Wood said the U.S. economy may be in for a “shudder” as it adjusts from an environment of decreasing interest rates to one where interest rates are rising.“Even…
Amazon is pushing out thousands of workers into a job market that suddenly isn’t hiring
Jassy said at the time that Amazon had more than 1,000 generative AI services and applications in progress or built, but that figure was a “small fraction” of what it…
Bill Gates says a ‘doomsday outlook’ on climate is driving people to focus on the wrong things
“Although climate change will have serious consequences—particularly for people in the poorest countries—it will not lead to humanity’s demise,” Gates wrote in the memo. “People will be able to live…
From transactional to transformational: Four strategies for donors to drive lasting impact
Philanthropy is at a turning point. Nonprofits face rising costs, declining donor participation and shrinking federal support. Yet those who do give are contributing more than ever. “The role of donors…
Former SpaceX and X employees raise $9 million for Standard Economics, a platform for the unbanked
Evan Jones first encountered the burdensome world of cross-border payments when he tried to send money to his parents in rural Ireland, encountering steep fees and slow processing times. After…
Google’s Ruth Porat: To unlock AI’s upside, rethink every process
One speed, she explained, is the pace of change, breakthroughs, and scientific discovery. The other is slower—the pace of adoption.“That’s the speed of adoption in a truly substantive way, so…
Gen Zers are using AI to skip meetings, get promoted faster and win bigger salary hikes. But they don’t feel great about it
But the tools don’t seem to be working that well. Among those that said they skip meetings and rely on AI notetaking, 41% say that they missed important context in…
With two new funds to trumpet, Sequoia’s Roelof Botha opens up about the state of the VC market—and about the firm’s controversial partner
Hi, Tech Editor Alexei Oreskovic here, pitching in for Allie today. On the current funding environment and the near-term outlook:“I would argue, if you as a founder don’t need to raise…
Ray Dalio is guided by gratitude: Why CEOs need to find their codifying principles
Dalio once wrote that when he lost his mother at 19, “I couldn’t imagine ever laughing again. Now when I think of her, I smile.” It was a poignant illustration…
Reddit cofounder walked away with $10 million after his dog died and his mom was diagnosed with brain cancer—but he’d be sharing $38 billion if he held out
“If anything, I was very naive,” Ohanian said. “You have to consider $10 million of value creation in 16 months. When we first got the offer, I’m thinking: It’s been…
