An estimated $84 trillion will transfer between generations over the next 20 years, affecting 2.9 million privately-owned businesses. Instead of selling to private equity or passing to heirs, some owners are giving their companies to charitable causes. The movement includes Patagonia, Newman’s Own,
Apple is accelerating succession plans for CEO Tim Cook, who may step down after 14 years. Hardware engineering chief John Ternus is reportedly the frontrunner to take over the $4 trillion company next year.
Despite widespread fears about an AI bubble, Berkshire Hathaway loaded up on Alphabet shares during the third quarter. The $4.3 billion purchase comes as Alphabet shares have surged 46% this year and AI hyperscalers plan trillions in infrastructure spending.
President Trump directed the government to buy $8.9 billion of Intel stock this summer, a move economist Mariana Mazzucato calls “crony capitalism.” She warns this approach, combined with cuts to science agencies, could weaken America’s competitive edge and endanger the economy.
Microsoft has lost a UK court case attempting to block the resale of its software licenses. The ruling favors ValueLicensing, which resells excess licenses at up to 70% off. This could reshape how enterprise software licensing works globally.
Akira ransomware is shifting to attack Nutanix’s AHV hypervisor, a previously untouched attack surface. The group has exfiltrated data in just over two hours and exploited critical vulnerabilities in Veeam and SonicWall devices. Multiple government agencies have issued a joint advisory warning of th
Amazon is fighting AI startup Perplexity over autonomous shopping tools, while AI data center demand is driving memory prices up 23%. Meanwhile, India’s tech salaries have crashed 40% as offshoring patterns shift globally.
Palantir CEO Alex Karp is making the media rounds defending his company’s government contracts and stock performance. He recently claimed “patriotism will make you rich” while battling short-sellers like Michael Burry. Karp’s strategy includes viral stunts and confrontational interviews.
Mining faces a massive talent shortage as nearly half the workforce nears retirement. But a new report reveals young engineers would flock to the industry if they understood its modern, tech-driven reality and critical role in the energy transition.
This week saw major tech players making strategic acquisitions and product launches focused on AI. From AMD buying an AI startup to TD Synnex launching an AI sales assistant, the race is on to capture market share.
