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Plunging Tesla shares in February shaved tens of billions off Elon Musk’s fortune. And Mark Zuckerberg became the world’s second richest person. Last update: March 1, 2025, 12 A.M. EDT While the Trump administration spent much of February working to slash federal employment, stocks sagged–and the world’s ten richest people collectively got $140 billion poorer. Elon Musk was the biggest loser of the bunch. Though he still holds onto his spot as the world’s wealthiest person, a sharp downturn in Tesla shares shaved $62 billion off his fortune, as the electric vehicle maker shed a remarkable one-quarter of its market…

A dozen and a half billionaires from across the world weigh in on the president’s newly proposed “gold card” visa. Most aren’t interested. By Forbes Wealth Team On Tuesday, Donald Trump announced a plan to sell $5 million “gold card” visas that offer permanent residency and work authorization in the U.S. “Wealthy people will be coming into our country by buying this card,” Trump told reporters in the Oval Office. “They’ll be wealthy and they’ll be successful.” Trump floated the plan, which he says will begin in two weeks, as a way to reduce the federal deficit. “We’ll be able…

LAHORE: The rains hadn’t returned and with the pitch and the outfield of the Gaddafi Stadium basking in the sun on Friday, the dreaded prospect of yet another washout at the Champions Trophy seemed to be, thankfully, quickly diminishing. Afghanistan fans had begun trickling into the stadium as the toss approached, some in their green and red turbans, others with their national flag draped around them. This was a virtual quarter-final against Australia, and having seen their side down England in a thriller two nights ago, the Afghans were hoping for more. There were also scores to settle: remember Glenn…

ENGLAND captain Jos Buttler addresses a presser at the National Bank Stadium on Friday.—AFP KARACHI: On the eve of England’s dead-rubber Champions Trophy clash against South Africa, Jos Buttler’s resignation as white-ball captain dominated headlines on Friday, marking a poignant end to a turbulent two-year reign. The match, set for Satu­rday at Karachi’s National Bank Stadium, now carries the weight of an era’s closure for England, while South Africa eye a top-of-the-group finish to secure a smoother semi-final path. “I’m gonna stand down as England captain. It’s the right call for me, it’s the right call for the team,” Buttler…

SymbyAI, a SaaS platform that uses AI to streamline scientific research, announced a $2.1 million seed round with participation from Drive Capital and CharacterVC, among others.  Launched just last year by Ashia Livaudais and Michael House, the platform provides organized workspaces for researchers to access papers, code, data, and experiences within one place. It helps track progress and has an AI-feature that assists with peer review and replication.  “It’s also important to note that SymbyAI is built on a proprietary AI solution, so users don’t have to worry about accidentally sending confidential information to OpenAI, Anthropic, or any other company,”…

OpenAI intends to eventually integrate its AI video generation tool, Sora, directly into its popular consumer chatbot app, ChatGPT, company leaders said during a Friday office hours session on Discord. Today, Sora is only available through a dedicated web app OpenAI launched in December, which lets users access the AI video model of the same name to generate up to 20-second-long cinematic clips. However, OpenAI’s product lead for Sora, Rohan Sahai, said the company has plans to put Sora in more places, and expand what Sora can create. OpenAI initially marketed Sora to creatives and video production studios in the…

DeepSeek has gone viral. Chinese AI lab DeepSeek broke into the mainstream consciousness this week after its chatbot app rose to the top of the Apple App Store charts (and Google Play, as well). DeepSeek’s AI models, which were trained using compute-efficient techniques, have led Wall Street analysts — and technologists — to question whether the U.S. can maintain its lead in the AI race and whether the demand for AI chips will sustain. But where did DeepSeek come from, and how did it rise to international fame so quickly? DeepSeek’s trader origins DeepSeek is backed by High-Flyer Capital Management, a Chinese quantitative hedge fund…

Amnesty International on Friday released technical details on zero-day vulnerabilities exploited by Cellebrite’s mobile forensic tools to spy on a Serbian student activist. The investigation, which builds on a December 2024 report, found evidence that authorities in Serbia used the Cellebrite UFED system to bypass the lock screen on an Android device.  The privacy rights organization said its forensic analysis showed that the exploit chain targeted core Linux USB drivers – a class of vulnerabilities that could affect over a billion Android devices. Amnesty International said the newly discovered attack leveraged a zero‐day exploit against the Android USB kernel drivers,…

Total funding in the FinTech sector this week reached $793.7m, ending a multi-week streak of sizable funding rounds. Over the past month, each week has seen the FinTech sector secure more than $1bn in funding. For instance, nearly $2bn was raised in the sector last week.However, despite there being 23 FinTech companies to raise capital this week, most of the deals were under $15m. Only six companies raised more than this sum.The lion share of the capital raised this week came from just one deal – NinjaOne’s $500m Series C round. The funding round, which was led by ICONIQ Growth and…

Google is giving Sheets a Gemini-powered upgrade that is designed to help users analyze data faster and turn spreadsheets into charts using AI. With this update, users can access Gemini’s capabilities to generate insights from their data, such as correlations, trends, outliers, and more. Users now can also generate advanced visualizations, like heatmaps, that they can insert as static images over cells in spreadsheets. While the company announced the update last month, Google said on Friday that it’s now available to all Workspace business users. To get started, you need to click the Gemini icon on the top right-hand side…