Tag Archives: founder

Jeff Bezos joined Sam Altman in admitting the existence of an AI bubble—but Amazon’s founder sees upside. Recently, many AI-related companies have seen voracious optimism and spikes in valuations. In August, the OpenAI CEO told reporters the AI market was in a bubble. When bubbles happen, “smart people get overexcited about a kernel of truth,” Altman warned, drawing parallels with the …

At Italian Tech Week in Turin, Amazon (AMZN) founder Jeff Bezos said that artificial intelligence is currently in an “industrial bubble.” A “bubble” typically refers to a time when excitement drives up stock prices far beyond a company’s actual worth, something that famously happened during the dot-com crash of 2000. When Exor (EXXRF) CEO John Elkann asked if AI is …

The founder of a Texas megachurch who resigned last year after a woman in Oklahoma accused the pastor of sexually abusing her in the 1980s pleaded guilty Thursday to five counts of lewd and indecent acts with a child, authorities said. Robert Preston Morris, 64, entered the pleas before a judge in Oklahoma’s Osage County as part of a plea …

Pawhuska, Oklahoma (AP) — The founder of a Texas megachurch who resigned last year after a woman in Oklahoma accused the pastor of sexually abusing her in the 1980s pleaded guilty Thursday to five counts of lewd and indecent acts with a child, authorities said. Robert Preston Morris, 64, entered the pleas before a judge in Oklahoma’s Osage County as …

Spotify CEO Daniel Ek has announced that he’s stepping down as CEO, two decades after founding the music streaming service. Ek will transition to an executive chairman role at the company on January 1st, 2026, with Spotify co-presidents Alex Norström and Gustav Söderström set to step in as co-CEOs. “As Executive Chairman, I will spend more of my time on …

Charlie Javice, the entrepreneur convicted this year for defrauding JPMorgan Chase when the bank bought her student loan start-up, was sentenced on Monday to more than seven years in prison. In March, a jury found Ms Javice guilty of bank, wire and securities fraud, as well as conspiracy to commit fraud, for giving JPMorgan fake customer lists when it acquired …

Charlie Javice, founder of the financial aid startup Frank and Forbes 30 under 30 alumnus, has been sentenced to seven years in prison for fraud. The fintech startup had been acquired by JPMorgan Chase in 2021 for $175 million. The bank later accused Javice of lying about its customer base; the founder claimed the company had 4 million customers, when …

The founder of GDC, Chris Crawford, has suggested that the “gigantic costs” of the event, compared with the “microscopic costs” of interacting over the internet, mean GDC is “rapidly becoming a dinosaur.” Crawford – who worked at Atari in the early 1980s and later created the groundbreaking Cold War simulation Balance of Power for the Macintosh – founded GDC back …

MINNEAPOLIS (AP) — MyPillow founder Mike Lindell defamed the election technology company Smartmatic with false statements that its voting machines helped rig the 2020 presidential election, a federal judge in Minnesota ruled Friday. But U.S. District Judge Jeffrey Bryan deferred until future proceedings the question of whether Lindell — one of the country’s most prominent propagators of false claims that …

MyPillow founder Mike Lindell, an ally of President Trump, defamed the election technology company Smartmatic with false statements that its voting machines helped rig the 2020 presidential election, a federal judge in Minnesota ruled Friday. But U.S. District Judge Jeffrey Bryan deferred until future proceedings the question of whether Lindell — one of the country’s most prominent propagators of false …