investment

I Scrapped a 600,000 Sq. Ft. Investment for My Business Due to Tariffs

This as-told-to essay is based on a conversation with Rick Woldenberg, CEO of Learning Resources, an educational toy company based in Illinois. He is petitioning the Supreme Court to hear his lawsuit against Trump’s tariffs. This essay has been edited for length and clarity.I was in the middle of a…

Google, XAI, OpenAI Pull Back After Meta’s Scale AI Investment

Google, xAI, and other tech companies aren’t wasting any time distancing themselves from Scale AI.Just hours after Meta announced a massive $14.3 billion investment in the data labeling startup, Google halted multiple projects with the company, according to internal correspondence obtained by Business Insider. Google had already been winding down…

How Tiger Global’s Investment Strategy Evolved Post-2022 Losses

As Tiger Global nears its 25th anniversary, the New York-based stockpicker is ready to move on from its recent past and return to its roots.The $50 billion manager, founded and run by billionaire Chase Coleman, posted back-to-back annual losses in 2021 and 2022, with the latter being a 56% swoon…

Ken Griffin: AI Not Going to Be a Game Changer for Investment Business

Ken Griffin, the founder and CEO of Citadel, said he doesn’t think AI will revolutionize the investment business.”Do we use it in our investment business? A little bit, a little bit. I can’t say it’s been game-changing,” Griffin said in an interview that was published on the Stanford Graduate School…