Ben Affleck, Natasha Lyonne, and James Cameron. Getty The use of artificial intelligence is dividing Hollywood. Some people are against it for creative endeavors, and are protecting their likenesses from it. Others are diving headfirst into AI ventures. Hollywood has become a major battleground in the age of AI. Some of the greatest storytellers in
Former Sequoia investor Jeff Wang is close to launching one of the biggest hedge funds this year. Wang’s Augnition Global Investors is set to start trading in October with more than $2 billion in assets, two people close to the manager told Business Insider. The launch was the talk of Morgan Stanley’s popular Breakers conference
Michael Burry has fired another shot at AI kingmaker Nvidia. The investor, who rose to fame in “The Big Short,” took aim at the Jensen Huang-led chipmaker in a new Substack post on Tuesday. This time, he flagged what he sees as “serious competition” for the GPU firm, pointing to reports about Etched, an AI
Stripe’s multi-billion-dollar pursuit of AI model marketplace startup OpenRouter isn’t just creating one of the biggest AI acquisitions of the year; it’s minting venture capital firms’ speedy wins. Andreessen Horowitz and Menlo Ventures are poised to turn investments made less than two years ago into payouts worth nearly $2 billion combined if Stripe acquires the
Leopold Aschenbrenner, the Wall Street wunderkind whose hedge fund imploded in late July, placed huge bets on two AI stocks in the lead-up to the disaster. Aschenbrenner’s firm, Situational Awareness, owned a $5.7 billion stake in SanDisk and a $5.6 billion stake in Micron at the end of June, its quarterly portfolio update revealed on
Thrive Capital founder Joshua Kushner and former Disney CEO Bob Iger stunned the sports world this week with a deal to buy the Los Angeles Lakers for a record $12.5 billion. If approved, the acquisition would provide the new owners with an iconic NBA franchise that boasts 17 championships as well as ties to legends