Category: fox-business/business-leaders

Michael Bloomberg: Democrats have ‘more than enough time’ to choose new nominee

Former New York City Mayor Michael Bloomberg, whose net worth is over $104 billion per Forbes, is urging Democrats to take their time in selecting a new presidential nominee in the wake of President Biden’s decision to drop out of the 2024 election. Bloomberg, a businessman and former Republican who entered the 2020 Democratic presidential primary, released a statement Monday telling Democratic Party leaders there’s…

Billionaire investor Bill Ackman starts fundraising for new US fund

Hedge fund manager Bill Ackman kicked off fundraising for a new U.S.-listed closed-end fund on Tuesday, an effort people familiar with the matter say could bring in as much as $20 billion, more than double his assets under management, some of that from retail investors. Last month, Ackman sold 10% of his firm, Pershing Square Capital Management, which has posted mostly strong double digit returns…

Hacker accessed OpenAI’s internal AI details in 2023 breach: report

OpenAI was reportedly breached last year by a hacker who accessed the company’s internal discussions about details of its artificial intelligence (AI) technologies. A report on Thursday by the New York Times citing two people familiar with the incident said a hacker accessed an online forum where OpenAI employees talked about its latest technologies. However, the breach didn’t result in the hacker accessing systems where…