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Peter Thiel’s Founders Fund leads $500mn fundraising for AI cloud group Crusoe
Deal values infrastructure start-up at $3bn as it benefits from spending surge on generative AIBusiness - Financial Times - October 29 -
Founder of TikTok owner ByteDance jumps to top of China’s rich list as number of billionaires shrinks
Zhang Yiming, the founder of TikTok owner ByteDance, is China’s richest person, with personal wealth of $49.3 billion, an annual rich list showed Tuesday.Top stories - NBC News - October 30 -
What Would a Pantyhose Rebrand Take? Ask Former Parade CEO Cami Téllez
L’eggs—the hosiery brand founded in 1969—is reinventing itself for a new generation, with a new owner and new creative director at its helm.Business - Inc. - October 30 -
Singapore's affluent veneer hides repression and corruption, says son of its modern-day founder
Former Singaporean Prime Minister Lee Kuan Yew's youngest son, who fled to Britain to seek asylum from what he describes as a campaign of persecution, says the city-state has become much more ...World - ABC News - October 31 -
Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
Peloton has chosen Ford executive Peter Stern to be its next CEO after Barry McCarthy stepped down earlier this year.Business - CNBC - October 31 -
Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO
Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.Business - MarketWatch - October 31 -
Microsoft Was "Stupid" To Close Arkane Austin And Lose Its Dream Team, Arkane Founder Says
Arkane founder Raphael Colantonio has commented on Microsoft shutting down Arkane Austin earlier this year , a decision the WolfEye Studios boss has labeled a "dumb move" made by the company. ...Tech - GameSpot - October 31