archiveBillionaires Insider

A global tech selloff, spurred by Chinese AI developer DeepSeek, erased a combined $108 billion from the fortunes of the world’s 500 wealthiest individuals. Nvidia co-founder Jensen Huang led the losses, with billionaires tied to artificial intelligence facing the most significant setbacks. Huang’s fortune dropped by 20%, equating to $20.1...

Culture is a concept that’s both elusive and essential. It’s not a line item in a budget or a section in a business plan, and yet it’s the gravitational force that holds an organization together—or tears it apart. Research is increasingly showing that resilience in the face of market disruptions...

The Iranian Ministry of Foreign Affairs has confirmed that the second round of nuclear negotiations with European Union countries is scheduled to take place in January 2025. Iranian Foreign Ministry spokesperson Esmaeil Baghaei stated that the upcoming discussions would involve Iran and the three European signatories of the 2015 nuclear...

Foreign direct investment (FDI) is facing a turning point, according to the latest Global Investment Trends Monitor published by the United Nations Conference on Trade and Development (UNCTAD). The report indicated that global FDI grew by 11% in 2024, reaching an estimated $1.4 trillion. However, when excluding flows passing through...

The Michaels Companies has announced the appointment of interim leaders to ensure seamless operations as the arts and crafts retailer continues its search for a new CEO. This leadership transition follows the departure of former CEO Ashley Buchanan, who stepped down on January 14 to assume the CEO role at...

LG Display CEO Jeong Cheol-dong announced plans to achieve a turnaround in 2025 by unveiling the company’s new business strategy, referred to as "JUMP," during an event on Thursday. The flatscreen manufacturer also introduced a groundbreaking 4th-generation OLED panel, the first in the industry to achieve a maximum brightness of...

Glenn Lurie’s Strategic Vision in Telecommunications: The telecommunications industry is a fast-paced, ever-evolving sector that demands agile leadership and innovative strategies. Glenn Lurie, an industry veteran with decades of experience, has demonstrated an exceptional ability to drive business growth and innovation. His leadership at AT&T and Synchronoss Technologies exemplifies how visionary...

Light & Wonder has announced the promotion of Simon Johnson, previously senior vice president and international managing director, to CEO of its iGaming division. Johnson steps into the role following the departure of Dylan Slaney in November. Johnson, who joined Light & Wonder (formerly Scientific Games) in 2017, has played...

Life science companies, traditionally focused on providers and payers, are rapidly shifting their priorities to engage directly with patients and consumers. Historically, pharmaceutical, biotech, and medtech firms maintained limited interaction with end consumers. However, the rise of digital health tools like apps and smartwatches has empowered individuals to take control...

It all started with NFTs, remember? Now, enter AI! The rise of NFTs and the so-called “crypto art,” in the early 2020-s, has transformed the creative landscape, offering unprecedented opportunities for artistic expression. NFTs allowed for the creation of unique digital assets, unlocking new revenue streams for creators and new...