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Paolo Confino

Paolo Confino

Fortune

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Microsoft is the biggest of the mystery whales buying up Nvidia chips

The vast majority of Nvidia's coveted AI chips are bought by just a handful of the largest tech companies.

19.12.2024 8

Fortune

Paolo Confino

Nissan and Honda merger could be a move to head off crippling Trump tariffs

Combining forces would allow the companies to increase their U.S. manufacturing ahead of possible tariffs on car imports.

18.12.2024 7

Fortune

Paolo Confino

Donald Trump’s media company presents a new type of potential conflicts of interest

Trump media connects the President-elect’s political allies and his business interests in a decidedly 21st century tech company.

18.12.2024 30

Fortune

Paolo Confino

Brazil judge orders Adele song be pulled globally over plagiarism claim by local composer

A Brazilian judge has ordered a song by British pop superstar Adele, "Million Years Ago," be pulled worldwide—including on streaming services.

17.12.2024 10

Fortune

Paolo Confino

French MPs greenlight spending by decree to avoid government shutdowns, as opposition vows to block ‘any austerity budget’

As new French prime minister Francois Bayrou works on a new budget for 2025, critics have already said they will work to block any proposed cuts.

17.12.2024 10

Fortune

Paolo Confino

Trump’s $8 billion media company creates a complex set of potential conflicts for the incoming president

Trump’s political network, his media business, and his personal wealth have heavy overlaps.

17.12.2024 10

Fortune

Paolo Confino

Ex-Google CEO Eric Schmidt warns that when AI starts to self-improve, ‘we need to seriously think about unplugging it’

The longtime tech executive warns that it’s a ‘dangerous point’ when AI begins learning on its own.

16.12.2024 2

Fortune

Paolo Confino

Elon Musk’s lawyer said the SEC demanded the Tesla CEO pay a fine or face charges to resolve an investigation into his purchase of Twitter

The attorney also claimed the SEC reopened an investigation into Neuralink this week.

14.12.2024 20

Fortune

Paolo Confino

MyPillow CEO Mike Lindell sues a merchant cash advance firm over a ‘sham’ loan that had a 409% interest rate

Lindell’s company had to turn to a merchant cash advance provider, which are considered payday lenders for businesses.

13.12.2024 10

Fortune

Paolo Confino

Melinda French Gates will donate $150 million toward women in the workplace—and one-third of it will go to AI

Roughly a third of the donations will go toward supporting women in STEM and AI.

12.12.2024 10

Fortune

Paolo Confino

New York prosecutors reviewed surveillance footage and tracked a fake ID across state lines before charging Luigi Mangione with murder

He was arrested yesterday in Altoona, Pa., ending a weeklong manhunt across the Northeast.

10.12.2024 4

Fortune

Paolo Confino

UnitedHealthcare and other major insurance companies pull company and board leadership bios from their websites after executive’s killing

Pictures and commentary about executives can no longer be found on company websites.

06.12.2024 10

Fortune

Paolo Confino

Taylor Swift’s French-made private jet took 98 flights this year

The pop star's jet used roughly 80,000 gallons of fuel, according to an aviation tracker.

06.12.2024 10

Fortune

Paolo Confino

Exclusive: $12 billion liquor giant Pernod Ricard inks MLS sponsorship for Jameson whiskey brand

Major League Soccer is coming off a record year that saw all-time highs in attendance and sponsorship revenue.

05.12.2024 10

Fortune

Paolo Confino

Bayer Leverkusen CEO Fernando Carro reveals how he led the team to an undefeated season. ‘A football club has to be managed much like a business’

Before finally taking a job in sports, Carro worked for two decades at in the corporate world at German media conglomerate Bertelsmann.

28.11.2024 20

Fortune

Paolo Confino

A Silicon Valley billionaire chastised NFL legend Julian Edelman over a bad grade as a schoolboy. It led to a lifelong habit

After a bad middle school report card, Edelman’s father took him to see John Arrillaga, the real estate developer who built Silicon Valley.

27.11.2024 20

Fortune

Paolo Confino

NFL legend Rob Gronkowski’s best-ever investment: $69,000 worth of Apple stock he bought on advice from his contractor

Gronk made the investment when he was just 25-years-old and “didn’t know how stocks work.” It's more than tripled in value.

26.11.2024 10

Fortune

Paolo Confino

Trump Media explores crypto payment service to go along with Truth Social, filings show

Trump Media filed a trademark application for a cryptocurrency wallet called TruthFi.

22.11.2024 6

Fortune

Paolo Confino

Sam Altman has an idea to get AI to ‘love humanity,’ use it to poll billions of people about their value systems

The OpenAI CEO said it was his one wish for AI

22.11.2024 30

Fortune

Paolo Confino

Silicon Valley billionaire warns ‘absolutely there’s a bubble’ in AI valuations: ‘Nobody would be surprised’ if OpenAI ‘disappeared next Monday’

Longtime tech executive Tom Siebel said the market is "way, way overvaluing" AI companies of all sizes, from startups to the $157 billion OpenAI.

21.11.2024 30

Fortune

Paolo Confino

Nvidia crushes expectations, more than doubling its profit amid a 94% surge in revenue as AI demand booms

Nvidia topped analyst estimates across all metrics on its third quarter earnings call.

21.11.2024 8

Fortune

Paolo Confino

Goldman Sachs tells investors Trump’s tariffs pose a major ‘event risk’ and to expect growth to slow in 2025

The investment bank forecasts 11% growth in the S&P 500 next year and warns the economy will be pulled in two different directions.

20.11.2024 10

Fortune

Paolo Confino

Exclusive: Manufacturing platform Keychain raises $15 million in Series A funds, including from the maker of iconic breakfast cereals

Keychain is an online platform that connects food and beverage brands to manufacturers.

19.11.2024 30

Fortune

Paolo Confino

Trump’s pick for FCC chair wants to eliminate the law shielding social media companies from legal consequences for posts on their platforms

Section 230 lets social media companies like Meta, X, and TikTok bear no legal responsibility for content users post on their platforms.

19.11.2024 6

Fortune

Paolo Confino

Trump Media is near an all-stock deal to buy crypto platform Bakkt, report says

The move would be the first major acquisition on behalf of Trump Media, which already owns the small social media platform Truth Social.

19.11.2024 8

Fortune

Paolo Confino

Top Trump Media investor cashes out almost all his shares, filings show

ARC's current stake is just 30,147 shares of Trump Media after owning more than 11 million shares in September.

16.11.2024 10

Fortune

Paolo Confino

Cathie Wood says Elon Musk will succeed in his audit of the federal government because he has ‘more proprietary data’ than anyone

Wood said Musk understands the world is at “the threshold of a convergence among many technologies."

15.11.2024 10

Fortune

Paolo Confino

Trump Media has lost almost 50% of its value since a preelection rally sent the stock soaring

Many traders hoped to cash in on a possible Trump win—and once it happened, they sold.

15.11.2024 10

Fortune

Paolo Confino

The dream of mentally responding to text messages and emails without a device faces one very practical hurdle — ‘People like their skulls,’ a neurologist says

Here's what the CEO of a brain-implant company sees as the industry's biggest problem.

14.11.2024 6

Fortune

Paolo Confino

Trump and Musk both own social media platforms. Some think an alliance between X and Truth Social is coming

Although its user base is smaller, Truth Social had a higher valuation than X earlier this year when its stock price shot up.

14.11.2024 10

Fortune

Paolo Confino

DEI efforts are critical to the U.S. economy because ‘there’s not enough white men,’ John Hope Bryant says

The U.S. can’t remain the leading global economy if it doesn’t let its citizens become financially stable.

13.11.2024 20

Fortune

Paolo Confino

Recession could create an ‘abrupt shift’ in AI adoption: ‘That’s when you really see the effects of automation’

During recessions companies lay people off, automate their jobs, and never hire them back.

12.11.2024 5

Fortune

Paolo Confino

Trump could ‘kick off a crypto Golden Age’ by delivering guardrails and regulations the industry has been craving, finance CEO says — ‘there’s so much pent-up demand’

As President-elect Donald Trump fills out his administration, the industry hopes for crypto-friendly appointees.

12.11.2024 7

Fortune

Paolo Confino

Former CIA chief Leon Panetta says Trump’s economic boost contains a hidden $7 trillion threat

The ex-Secretary of Defense said Trump's policies could propel the economy but might send the national debt soaring even higher.

12.11.2024 7

Fortune

Paolo Confino

NBA commissioner says women’s sports is booming because legacy media gatekeepers can’t ignore it anymore

Adam Silver said fans can find women’s sports more easily after decades of it being considered an afterthought by media companies.

12.11.2024 10

Fortune

Paolo Confino

Former Secretary of State Mike Pompeo says Trump won’t let Putin ‘roll through Ukraine’

Pompeo said it was critical the West be seen as having beaten Putin. “I’m very hopeful President Trump will see that imperative.”

11.11.2024 10

Fortune

Paolo Confino

Reclusive billionaire heir Timothy Melon gave $125 million to help elect Trump, even more than Elon Musk donated

A grandson of industrialist baron Andrew Mellon, he once railed against federal entitlements, which he said make Black people “belligerent.”

09.11.2024 10

Fortune

Paolo Confino

Wall Street is foaming at the mouth with all the possible mergers and acquisitions that may now go through with Trump as president

Goldman Sachs expects a 20% increase in M&A activity next year.

07.11.2024 8

Fortune

Paolo Confino

American voters were asked about the economy. The overwhelming answer shows why they picked Trump over Harris

Voters who were concerned about the economy did what they so often do—punish the incumbent party.

06.11.2024 8

Fortune

Paolo Confino

Trump Media stock was halted three times on Election Day after its price dropped 15% in just 15 minutes

The stock has often moved in sync with former President Donald Trump’s political prospects.

06.11.2024 40

Fortune

Paolo Confino

Polymarket users have wagered $3.2 billion on the outcome of the election—and the majority of bets are on Trump winning

The majority of bets went for Trump, with $1.3 billion wagered on the former president and $827 million on Harris.

05.11.2024 3

Fortune

Paolo Confino

Meta’s plans to build a nuclear-powered data center for AI fell through because of rare bees

Meta's plans for a new data center were scuttled by environmental complications.

05.11.2024 10

Fortune

Paolo Confino

Wall Street’s Trump trade unravels after a shock poll dented his election odds

The dollar, Treasury yields, and Bitcoin fell on Monday after a closely watched poll over the weekend showed Harris with a lead in Iowa.

04.11.2024 9

Fortune

Paolo Confino

ChatGPT releases a search engine, an opening salvo in a brewing war with Google for dominance of the AI-powered internet

For decades, Google had an ironclad grip on internet search. Now OpenAI, the startup synonymous with AI, senses an opening.

02.11.2024 30

Fortune

Paolo Confino

Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader

Hundreds of employees criticized Amazon’s leadership for making a gut decision rather than a data-driven one.

31.10.2024 9

Fortune

Paolo Confino

Sam Altman’s decade-old investment in Reddit is now worth over a billion dollars

Altman has known the Reddit founders since they were in the first class at Y Combinator, the famed startup accelerator he would go on to lead.

30.10.2024 6

Fortune

Paolo Confino

Trump Media stock drops the day after trading was halted five times for being too volatile

The stock has had a 270% increase over the last month since from its all-time low.

30.10.2024 4

Fortune

Paolo Confino

Trump Media soars to $10 billion market cap, overtaking the value of X, which has hundreds of millions more users

After surging almost 300% from its all-time low, TMTG’s share price means it’s now one of the most valuable social media companies in America.

29.10.2024 5

Fortune

Paolo Confino

Philadelphia DA sues Elon Musk for $1 million election sweepstakes—’indisputably’ unlawful

The DA’s office questioned whether the winners were even chosen at random.

28.10.2024 5

Fortune

Paolo Confino

Robinhood wants a piece of the prediction markets pie: Users can now bet on who will win the presidential election

In recent weeks, prediction markets have shifted heavily in favor of Donald Trump, while voter polls show him tied with Kamala Harris.

28.10.2024 7

Fortune

Paolo Confino

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