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This as-told-to essay is based on a conversation with Jordan Karp, 30, founder and CEO of Jordan Karp LLC, a real estate brokerage in South Florida. Karp started his own brokerage at 26 years old and has nearly reached $1 billion in transaction volume. The following has been edited for…
SpaceX is cashing in on the surging demand for AI compute.CFO Bret Johnsen told a Goldman Sachs conference on Thursday that SpaceX had clinched another major data center deal worth over $1 billion a month.”Just earlier this month, we closed another hosting deal, and that translates into about $1.11 billion…
Salesforce could be on the hunt for acquisitions to beef up its AI capabilities.The software giant has recently been in talks to buy Listen Labs, an AI-powered customer research platform for around $2 billion, according to people familiar with the matter. The talks have not been finalized and could ultimately…
Forget the Jets and the Sharks, the Yankees and the Red Sox, or Arsenal v. Spurs (on my side of the pond). Few rivalries run as deep as Coca-Cola and Pepsi.That explains why Madison Avenue was so stunned by last week’s news: Publicis Groupe had won PepsiCo’s $1.7 billion global…
Nvidia has built a nearly $100 billion equity portfolio from virtually scratch in just two years by investing in other tech companies.The AI chipmaker, led by CEO Jensen Huang, held $99 billion in equity investments as of July 26, according to its latest earnings report.That included roughly $48 billion in publicly…
At one time, sequels were expected to have diminishing returns — but not anymore. Now, if a sequel doesn’t outgross its predecessor, it can be considered something of a failure.Perhaps that’s why, among the 64 films released by US studios that have made $1 billion at the box office, a…
Jensen Huang is feeling spendy. In the span of a few weeks, the Nvidia CEO has committed billions to deals and investments — with more potentially right around the corner.The spending spree shows how far Nvidia is expanding beyond chips and raises a bigger question: how much of the AI…
Artificial intelligence was supposed to kill software-as-a-service. Linear didn’t get the memo.The startup behind a popular product management tool has doubled its valuation to $2.5 billion and surpassed $100 million in annual recurring revenue, defying the ongoing narrative that AI will make traditional software companies obsolete.”I think the narrative is…
Bob Iger and Josh Kushner plan to buy the Los Angeles Lakers at a record-setting price of $12.5 billion. The best argument for that price: The value of sports TV deals is the one thing that keeps going up, even as the rest of TV contracts.But even though that’s been…
CMOs: Get ready to field more sales pitches from Nielsen.The TV ratings giant surprised the ad industry by announcing plans to buy DoubleVerify for $2.15 billion — and sent chins wagging with hot takes about the implications.At stake: trustworthy data.CMOs depend on data to craft their strategies, but it’s often…
