Anyone with more money than they know what to do with eventually tries to cure aging. Google founder Larry Page tried this. Jeff Bezos tried. Tech billionaires Larry Ellison and Peter Thiel tried it. The oil-rich kingdom of Saudi Arabia, which now has as much money as they all have amassed, will try it. The […]
Tag: Billion
Saudi Arabia plans to spend $1 billion a year exploring treatments
The Saudi royal family has launched a nonprofit called the Hevolution Foundation, which plans to spend up to $1 billion a year from oil wealth to support basic research on the biology of aging and find ways to extend people’s lifespans. In good health, a concept known as “health time”. If the Saudis can spend […]
Broadcom to Acquire VMware with $61 Billion Enterprise Computing Agreement
Semiconductor giant Broadcom said on Thursday it has agreed to acquire software company VMware in a $61 billion transaction. The deal will provide Broadcom with popular computing tools used by a large group of companies and will change the nature of the broad market for enterprise computing technology. The chip company will spend the equivalent […]
These Investors Are Putting $1 Billion Into Trump Media
When former President Donald J. Trump’s fledgling social media company and merger partner announced in December that they had secured an additional $1 billion in private funding for the deal, investors speculated about their identities. Who were the nearly three dozen investors who bet on the success of the former president’s new company? Were they […]
Stellantis and Samsung to Spend $2.5 Billion on EV Battery Factory
Stellantis and Samsung, owners of Jeep and Ram, plan to spend $2.5 billion to build a battery factory in Kokomo, Ind., which is expected to create 1,400 jobs. The joint venture is expected to begin production by 2025 and is expected to supply battery packs for Jeeps, Ram trucks and other vehicles in North America. […]
How a Garbage Talking Crypto Brother Caused a $40 Billion Crash
Do Kwon, a South Korean entrepreneur, described the cryptocurrency he created in 2018 as “my greatest invention.” In countless tweets and interviews, he trumpeted the world-changing potential of the currency, Luna, and brought together a group of investors and supporters that he proudly called “Mad”. Mr. Kwon’s company, Terraform Labs, has raised more than $200 […]
Bolt Builds $11 Billion Business With Inflated Metrics and Enthusiasm
A Fundraising Guru Still, Mr. Breslow became something of a legend in the Vale for his fundraising prowess and outspoken demeanor. Last summer, he published a 58-page book on fundraising. on Amazon as a “basic playbook” for beginners. “Foundation is all a matter of momentum,” he wrote. Jack Burlinson, an entrepreneur who has attended Stanford, […]
Musk Brings New Investors to Contribute $7 Billion to Twitter Deal
Elon Musk has brought in more than a dozen new investors to fund the $44 billion Twitter acquisition, including billionaire Larry Ellison and venture capital firm Sequoia Capital. Securities documents submitted Thursday morning. Investors will jointly contribute $7 billion to fund Twitter’s acquisition, with the rest coming from Mr. Musk’s own pocket or loans. Mr […]
Musk received $ 7 billion support for Twitter bid from tech giants
Billionaire Elon Musk bolstered his stake in the bid to buy Twitter, with more than $7 billion in commitments from various investors, including key Silicon Valley names like Oracle co-founder Larry Ellison. Thursday’s filing also noted that Musk is in ongoing talks with other parties, including former Twitter CEO Jack Dorsey, who is the company’s […]
Google reports 3.4 billion ads removed, 5.6 million advertisers launched
Google said Wednesday it blocked more than 3.4 billion ads and suspended 5.6 million advertiser accounts in 2021 as part of new efforts to fight disinformation and fraud. Data from Google’s “Ad Safety Report 2021” clarified The scale of the ad giant’s policing efforts and how it’s cleaning up conversations it doesn’t like on its […]
