In July, Fidji Simo announced she would step down from her role as OpenAI’s CEO of applications and transition to a part-time advisor role. Simo, who was diagnosed with postural tachycardia syndrome, or POTS, in 2019, initially took medical leave in April. “Over the last seven years, I’ve spent countless hours in doctors’ offices, dealing
People bemoan the death of the monoculture, but on X, the everything app, it seems like there’s still a character of the day — or, at minimum, a discourse of the day, one that you can go around the office and ask people about. On Tuesday, that character was matchmaker Blaine Anderson; or, more precisely,
The image of hoodie-wearing college students launching billion-dollar businesses from their dorm rooms has become an entrepreneurship cliché. And while leaders say there are advantages to being a young founder—having more energy and fewer responsibilities—there are also perks to starting a business later in life. Actress Jennifer Garner became a cofounder of $732 million business
Only about 12% of family-owned businesses make it to a third generation still under family control, according to a new Goldman Sachs playbook aimed at the founders and dynasties the bank counts among its most prized clients. It’s a statistic Goldman itself put in print in “Honoring Legacy and Positioning for the Future,” a paper
Steve and Connie Ballmer have given away more than $8 billion during the past two decades, and founded the Ballmer Group in 2015. Now they’re changing who gets to decide where the next donations go. The couple’s economic-mobility philanthropy, Ballmer Group, is spinning its three regional offices into separate, independent nonprofits for their regional grantmaking.
Elon Musk has perhaps been the most bullish on AI’s potential to reshape the world, predicting that work will eventually become optional, goods and services will become abundant, and money could become irrelevant as AI drives toward a “universal high income.” But fellow billionaire Michael Saylor isn’t quite buying it. “Everybody doesn’t get a Hampton’s