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global markets plunge as trump tariffs erase billions in billionaire wealth

Investors are facing significant losses as President Trump's unexpected tariffs led to a dramatic sell-off in global markets, erasing $2.4 trillion in value, with tech giants hit hardest. Billionaires like Mark Zuckerberg and Jeff Bezos saw substantial wealth declines, while fears of a potential global recession loom. Analysts predict legal challenges to the tariffs and possible negotiations, as markets brace for further downturns.

sandboxaq secures funding from bnp paribas google and nvidia

SandboxAQ has welcomed BNP Paribas, Google, NVIDIA, and others to its Series E funding round. Alphabet Inc. operates across six key areas, including Google’s search engine, YouTube, Nest Labs for home automation, Calico for biotechnology research, and investment services through Google Ventures and Google Capital. Geographically, net sales are primarily from the United States (48.7%), followed by Europe/Middle East/Africa (29.2%), Asia/Pacific (16.3%), and the Americas (5.8%).

Google acquires Wiz for 32 billion to enhance multicloud security

Google is set to acquire cybersecurity firm Wiz for $32 billion, marking its largest deal to date, with the transaction expected to close in 2026. This acquisition aims to enhance Google Cloud's security for multicloud environments, addressing the rise of AI-related cyber threats. Google Cloud CEO Thomas Kurian emphasized that Wiz's solutions will complement existing offerings, reinforcing the connection between AI and cybersecurity.

elon musk's aid cuts impact give directly's fight against global poverty

Elon Musk's cuts to the US Agency for International Development have resulted in GiveDirectly losing $20 million in expected funding, impacting its programs aimed at combating global poverty. The organization, which provides unconditional cash transfers, has suspended initiatives in conflict zones, including support for young entrepreneurs in Mozambique. Despite launching a campaign to raise funds, GiveDirectly faces challenges in securing private donations amid a broader reduction in philanthropic support.

Alphabet and other top stocks present unique wealth building opportunities

Alphabet's stock is now considered a value pick with a trailing P/E ratio of 19.96x, making it a must-buy for investors interested in AI and cybersecurity. The company reported a 12% revenue growth to $96.5 billion and a 31% increase in EPS to $2.15 in the last quarter, highlighting its strong performance in the tech sector. Alongside Bank of America and General Motors, Alphabet presents a compelling opportunity for long-term wealth building amidst current market volatility.

Elon Musk's divided focus raises concerns over his role at Tesla

Elon Musk is perceived as an 'absent CEO' at Tesla due to his numerous other commitments, including a new role focused on federal job cuts. A senior journalist noted that Musk lacks the time for extensive meetings and detailed reviews, which are essential for managing a complex company like Tesla. His involvement in the DOGE project further detracts from his attention to Tesla, raising concerns about the company's direction.

Waymo launches autonomous ride-hailing service in Silicon Valley neighborhoods

Waymo has launched its autonomous ride-hailing service in Silicon Valley, covering a 27-square-mile area that includes Mountain View, Palo Alto, Los Altos, and parts of Sunnyvale. Initially available to a limited number of residents, the service aims to expand gradually. Currently, Waymo provides over 200,000 paid rides weekly in San Francisco and Los Angeles, with plans to enter 10 more cities in the next year.

Waymo launches autonomous ride-hailing service in Silicon Valley neighborhoods

Waymo has launched its autonomous ride-hailing service in Silicon Valley, covering a 27-square-mile area that includes Mountain View, Palo Alto, Los Altos, and parts of Sunnyvale. Initially available to a limited number of residents, the service aims to expand gradually. Currently, Waymo provides over 200,000 paid rides weekly in San Francisco and Los Angeles, with plans to enter 10 more cities within the next year.

nvidia reports strong earnings amid growing ai market opportunities

NVIDIA reported strong quarterly results, exceeding revenue and earnings forecasts, with CEO Jensen Huang noting "amazing" demand for its Blackwell chips. Despite slight concerns over near-term gross margins, the outlook for AI compute remains positive, supported by increased capital spending from major tech firms and ongoing AI adoption trends. The broader AI market is expected to grow significantly, with total AI spending projected to approach USD 500 billion by 2026.

amazon increases advertising on x amid changing relationship with elon musk

Amazon is set to increase its advertising on X, following a year of reduced spending after Elon Musk's acquisition of the platform. This shift comes as Jeff Bezos and Musk appear to have developed a friendly relationship, contrasting their previous rivalry in the space industry. As major brands previously pulled back from advertising on X, Amazon's renewed interest signals a potential turnaround for the platform's revenue, with CEO Andy Jassy reportedly involved in the decision.
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