Exclusive: Touring Capital, founded by ex-M12 and SoftBank investors, closes $330 million first fund

Flavio Briatore, the renowned Italian businessman and former Formula One team boss, has seen his net worth soar to an impressive $400 million by 2025. This remarkable financial achievement highlights his resilience and ability to thrive despite past controversies in the F1 world. Briatore's journey from scandals to success serves as an inspiring tale of redemption and savvy business acumen, making it a significant story in the realms of sports and entrepreneurship.

In a world where corporate responsibility is becoming increasingly important, CEOs are leveraging 'business for good' strategies to attract top talent and foster customer loyalty. This approach not only enhances a company's reputation but also aligns with the values of today's workforce and consumers, making it a crucial factor for success in the competitive market.

US investor Stonepeak is looking to raise $4 billion for its second Asia infrastructure fund, signaling strong confidence in the region's growth potential. This move is significant as it highlights the increasing interest from global investors in Asia's infrastructure development, which is crucial for economic expansion and modernization. With this fund, Stonepeak aims to capitalize on emerging opportunities in various sectors, potentially driving innovation and job creation.

Sam Altman's AI empire is raising concerns as experts warn it could consume as much energy as New York City and San Diego combined. Andrew Chien, a seasoned computer scientist, highlights that we are approaching critical moments that will shape our understanding of AI and its societal implications. This matters because the rapid growth of AI technology poses significant challenges, including environmental impacts and ethical considerations, prompting a need for careful scrutiny and regulation.

Sheryl Palmer, the CEO of Taylor Morrison, reflects on her nearly two-decade journey in leadership, sharing insights on her growth and the valuable connections she has made along the way. Her candid admission about starting her role without extensive knowledge highlights the importance of learning and adaptability in leadership. This perspective not only inspires current and aspiring leaders but also emphasizes the evolving nature of corporate leadership in today's dynamic environment.

Donald Trump has labeled climate change as 'the greatest con job ever,' a statement that contrasts sharply with the views of many CEOs who acknowledge the scientific consensus on the issue. This divergence highlights a significant divide in public opinion and corporate responsibility regarding environmental challenges. As climate change continues to impact global economies and ecosystems, the stance of influential leaders like Trump could shape policy and public perception, making it crucial for businesses to align with scientific understanding.

OpenAI, Oracle, and SoftBank are joining forces to launch an ambitious $500 billion Stargate project, which will establish five new AI data centers. This initiative is significant as it aims to enhance AI capabilities and infrastructure, potentially transforming industries and driving innovation. The collaboration between these tech giants highlights the growing importance of AI in today's economy and their commitment to leading the charge in this rapidly evolving field.

OpenAI, Oracle, and SoftBank are making significant strides in enhancing the Stargate project by launching five new data centers across the U.S. This expansion is crucial as it aims to improve data processing capabilities and accessibility, ultimately benefiting various industries that rely on advanced AI technologies. The collaboration between these tech giants highlights their commitment to innovation and positions them at the forefront of the data revolution.

OpenAI is making significant strides in the AI landscape by planning to build five massive 'Stargate' datacenters in the U.S., a move that poses a $400 billion challenge to tech giants like Meta and Microsoft. This initiative, showcased in rural West Texas, highlights the collaboration between OpenAI, Oracle, and SoftBank, aiming to enhance their capabilities in the competitive AI arms race. The announcement not only underscores the growing importance of data infrastructure in AI development but also reflects the confidence in their partnership's potential to drive innovation and growth in the industry.

According to Universa, a fund known for its 'black swan' predictions, US stocks could potentially rise another 20% before facing a significant downturn. This insight is crucial for investors as it highlights the volatility of the market and the importance of being prepared for sudden changes. Understanding these predictions can help individuals and institutions make informed decisions about their investments.

Larry Ellison, the founder of Oracle, has announced his intention to donate 95% of his $393 billion fortune, a move that has sparked interest and speculation. This pledge is significant as it reflects a growing trend among billionaires to give back to society. However, the recent leadership changes within Oracle raise questions about the future direction of the company and how this might impact Ellison's philanthropic plans. As he has a history of altering his wealth distribution strategies, many are curious to see how this will unfold.

Brian O'Kelley, a successful tech entrepreneur who sold his company to AT&T for billions, shares his insights on the future of work. He emphasizes that companies still insisting on return-to-office policies may not be serious about embracing artificial intelligence. O'Kelley believes that the most innovative organizations will adapt to a remote work model, allowing them to thrive in a landscape increasingly populated by non-bodied employees. This perspective is crucial as businesses navigate the evolving demands of technology and workforce dynamics.

Federal Reserve Governor Stephen Miran has made a compelling argument for quickly reducing interest rates, suggesting that current policies are tighter than many realize. He warns that delaying these cuts could harm the economy, highlighting the importance of timely action to foster growth. This discussion is crucial as it could influence future monetary policy and economic stability.

After an impressive 103 years in business, a well-known sporting goods retailer is closing its doors for good. The company has already started its going-out-of-business sale, marking a quiet end to its long-standing presence in the market. This closure is significant as it reflects the challenges faced by traditional retail in adapting to changing consumer habits and competition from online shopping.

Starbucks has announced plans to close several underperforming stores in the US and UK as part of a restructuring effort aimed at saving costs. This move highlights the challenges the coffee giant faces in maintaining profitability amid changing consumer habits and economic pressures. While it may help streamline operations, the closures could impact local communities and employees, raising concerns about job losses and reduced access to their favorite coffee spots.

KeyBanc has decided to maintain its stock rating for Thor Industries, reflecting a cautious outlook on the company's future performance. This decision is significant as it indicates that while KeyBanc sees potential in Thor Industries, there are underlying concerns that investors should be aware of. Keeping an eye on how the market reacts to this rating could provide insights into the broader economic landscape.

The Co-op Group has revealed that a recent cyber-attack could lead to a staggering £120 million loss in profits this year, with an immediate impact of £80 million already felt. This situation highlights the growing threat of cybercrime to businesses and raises concerns about the UK government's role in supporting affected companies like Jaguar Land Rover, which is also facing challenges due to supplier shutdowns. The financial implications of such attacks not only affect the companies involved but also the broader economy, making it crucial for both businesses and the government to address these vulnerabilities.

Getting your record expunged in Florida can be a game changer for many individuals looking to move forward in life. This process allows people with certain criminal records to have them erased, which can open doors to employment, housing, and other opportunities that might have been previously closed off. Understanding the steps involved and the eligibility criteria is crucial, and this article provides a clear guide on how to navigate the legal process effectively.