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The Latest Breaking News from Chamath Palihapitiya

California Billionaires Are Leaving the State in Response to Proposed Wealth Tax

The wealth tax would discourage investment and likely lower tax revenue for California.

Reason

At the edges of the AI data center boom, rural America is up against Silicon Valley billions

When a multibillion-dollar AI data center proposal pitted developers against a handful of rural Arizona residents, the locals were outgunned and outvoted.

Fortune

Buy Stock In MrBeast? Chamath Palihapitiya And Alexis Ohanian Already Did — And Retail Investors Might Be Next

Benzinga

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One-Fourth Of America's Unemployed Are Now College Grads— Chamath Palihapitiya Warns Student Loans Are Fueling The Crisis

A disturbing shift in the American labor market—dubbed a “white-collar slowdown” has pushed the share of unemployed college graduates to record highs, prompting venture capitalist Chamath Palihapitiya to demand a drastic overhaul of federal student lending.

Benzinga

Chamath Palihapitiya Takes A Jibe At Big Short Investor Michael Burry's Hidden Accounting Comments: 'Not Very Good At What He Does'

Venture capitalist Chamath Palihapitiya dismissed “Big Short” investor Michael Burry as incompetent this week, stating the famed bear is “not very good at what he does” following Burry's suggestions that Nvidia Corp. (NASDAQ:NVDA) is using accounting tricks to inflate its value.

Benzinga

Chamath Palihapitiya Reveals Three 'Critical' Changes He Made Over A Decade To Improve His Health

Billionaire tech investor Chamath Palihapitiya is urging followers to treat health like their most important asset, saying a handful of changes he made over the past decade have "worked incredibly well" for him.

Benzinga

Chamath Palihapitiya Blasts US Colleges For Crushing Students With $200,000 Debt, Urges Shift To Skilled Trades Over Worthless Degrees

Tech investor and entrepreneur Chamath Palihapitiya sharply criticized the U.S. higher education system on Saturday, calling out colleges for saddling students with massive debt for degrees with little practical value.

Benzinga

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Silicon Valley billionaire, reeling from Zohran Mamdani's victory, turns back the clock to Peter Thiel's warning about the appeal of socialism from 2020

Thiel famously wrote about a “broken generational compact,” warning that “if one has no stake in the capitalist system, then one may well turn against it.”

Fortune

Elon Musk Says Bill Gates Is 'Not Strong' In Science, Recalling Visit To Tesla Factory Where He Dismissed Long-Range Semitrucks As 'Impossible'

In a recent podcast, Tesla (NASDAQ:TSLA) CEO Elon Musk criticized Bill Gates‘ scientific knowledge, despite Gates’ Microsoft (NASDAQ:MSFT) being a tech giant.

Benzinga

Bill Gates 'Lost A Fortune' Shorting Tesla Amid Climate Stance Shift, Says Chamath Palihapitiya: '...Experiment Is Over'

Social Capital founder Chamath Palihapitiya slammed Microsoft Corp (NASDAQ:MSFT) founder Bill Gates for shorting Tesla Inc. (NASDAQ:TSLA) amid the billionaire and philanthropist's shift in climate stance.

Benzinga

Chamath Palihapitiya Says Amazon Was Left 'Bloated And Inefficient' Due To DEI Hiring, AI Is Just The Scapegoat: 'Chickens Come Home To Roost'

Billionaire investor Chamath Palihapitiya pushed back against the narrative that AI is to blame for the latest wave of layoffs at Amazon.com Inc. (NASDAQ:AMZN), arguing that the real cause is rooted in flawed recruitment practices from the past decade.

Benzinga

Chamath Palihapitiya Warns Of 'Massive Value Destruction' For Insurers In Autonomous Era — Only 'Rich Enthusiasts' Will Continue To Drive

Billionaire investor Chamath Palihapitiya is predicting a significant shift in the auto insurance industry, driven by the growing penetration of Alphabet Inc.’s (NASDAQ:GOOG) Waymo and Tesla Inc.’s (NASDAQ:TSLA) Cybercab in the U.S. domestic mobility market.

Benzinga

3 SPACs Hit New 52-Week Highs: Are Any Worth Owning?

Sixty-eight NYSE stocks hit new 52-week highs on Tuesday. Three were SPACs. As stocks become pricier, investor interest has increased. While it's tempting to bet on businesses with a pile of cash to acquire game-changing companies, there’s a downside.

Barchart

Tesla's $1 Trillion Illusion: Elon Musk's Pay Package And The Robotaxi Myth

Tesla Inc (NASDAQ:TSLA) is about to rubber-stamp one of the most extravagant CEO pay packages in corporate history — a $1 trillion, 10-year deal for Elon Musk — even as its valuation stretches further from reality.

Benzinga

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Benzinga

Chamath Palihapitiya Sees Current Tech Giants Having An Upper Hand In AI Wars: 'Google Has A Huge Runway'

Venture capitalist Chamath Palihapitiya declared that the generative AI race will ultimately be won by established tech incumbents, not new startups, citing their “massive distribution” as the decisive factor.

Benzinga

Jeff Bezos Touts Data Centers In Space As Samsung And OpenAI Plan Floating Data Centers In The Ocean

As the artificial intelligence (AI) boom strains global power grids, tech giants are looking to the sea and stars for solutions. In a significant move, Samsung Electronics (OTC:SSNLF) and OpenAI are collaborating to develop floating data centers on the ocean, aiming to tackle land scarcity and the immense energy costs…

Benzinga

As Trump Rolls Back Clean Energy Incentives, These 2 Solar Stocks Are Seeing A Sharp Drop In Quality Metrics

President Donald Trump’s “One Big, Beautiful Bill” slashed incentives for solar and wind projects, taking a toll on several stocks in the sector.

Benzinga

SPAC King Chamath Palihapitiya Hails Rare Earth Play MP Materials As Stock Nears $100: One Of The Deals 'That Worked'

Billionaire investor Chamath Palihapitiya, often dubbed the “SPAC King,” recently celebrated a successful venture on X, highlighting MP Materials Corp. (NYSE:MP) as its stock price nears the $100 mark.

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news in one place.

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Benzinga

'Trump Did Not Kill Solar,' Says Chamath Palihapitiya: He 'Let The Free Market Do Its Thing' And Best Businesses Are Thriving

Billionaire investor Chamath Palihapitiya defended President Donald Trump’s “One Big, Beautiful Bill” against claims that the rollback of certain subsidies has harmed the solar energy industry.

Benzinga

Chamath Palihapitiya Says Hyperscalers Like Microsoft, Google Need To Cushion Rising Power Bills Or 'See A Lot More Pushback'

On Friday, venture capitalist Chamath Palihapitiya warned that Big Tech firms such as Microsoft Corp. (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) could face growing backlash from local communities unless they act to offset rising electricity rates tied to massive AI data center expansion.

Benzinga

China's Relentless Gold Buying Spree Signals 'Rising Uncertainty In The World,' Says Chamath Palihapitiya: 'Hedging Against Dollar Risk'

Venture capitalist Chamath Palihapitiya says China's relentless appetite for gold underscores a significant shift in global sentiments, as both governments and people seek to hedge against mounting geopolitical and economic risks.

Barchart

Chamath Palihapitiya Is Back in the SPAC Game. Should You Buy His New AEXA Stock Now?

Last week, the American Exceptionalism SPAC started trading. It is designed to target companies in AI, defense, energy, and decentralized finance.

Benzinga

Chamath Palihapitiya Warns AI Push By GOOGL, META, MSFT And AMZN Using NVDA Chips Could Double Electricity Rates

The burgeoning artificial intelligence boom, driven by tech titans like Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META), Microsoft Corp. (NASDAQ:MSFT), and Amazon.com Inc. (NASDAQ:AMZN) relying heavily on Nvidia Corp. (NASDAQ:NVDA) powerful GPUs, could lead to a dramatic doubling of electricity rates within the next five years.

Benzinga

Congressman Misses Out On 67% Gains Selling Intel Stock Early: Here's How Much He Could Have Made

The U.S. Government took a 10% stake in semiconductor company Intel Corporation (NASDAQ:INTC). With the stock up over 50% since the stake was taken, President Donald Trump is gaining praise. One member of Congress may be wishing they held on to shares a bit longer.

Benzinga

Trump Scores Better Than Warren Buffett On This Metric, Says Investor Chamath Palihapitiya: President's Intel Deal An 'Incredible Win'

Investor Chamath Palihapitiya praised President Donald Trump’s recent deal with Intel Corp. (NASDAQ:INTC), calling it an “incredible” win for American taxpayers.

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