Universal rejects billionaire Bill Ackman's takeover bid Universal Music Group, the entertainment giant behind acts such as Taylor Swift, Sabrina Carpenter and Kendrick Lamar, has rejected a takeover offer by billionaire Bill Ackman's investment firm. The music giant said Pershing Square's $64.3bn (£48bn) takeover offer was not in the best interests of the company, shareholders, artists, fans and other stakeholders. Universal said the offer fundamentally and materially undervalues the business, which also runs Abbey Road Studios and owns labels such as EMI and Island Records. Pershing Square, which already owns a stake in Universal, declined to comment on the rejection. The investment firm launched its takeover bid for the world's largest music company in April, a move which would have seen it listed as a new company in America.

How the Pope's Magnifica Humanitas offers a template for individuals to meet the AI moment Despite a lack of regulation, we still have the ability to steer artificial intelligence in ways that can benefit our common humanity. Pope Leo XIV's new encyclical on artificial intelligence includes a statement that warrants serious attention from technologists and policymakers: "Technology is never neutral." As the pope says, the choice before us--the choice AI presents--is one between the Tower of Babel and the rebuilding of our common humanity. In the biblical story of the Tower of Babel, humans sought to build a massive structure that reached all the way to Heaven, only to have their project thwarted when God made those involved unable to understand one another. It was a pursuit fixated on relentless growth, divorced from any concern about God's commandments or the human cost. It resulted in failure and atomization.

Why does Amazon have no Western rivals? Vitamins, repair tape and a jar of mango chutney - just some of what my household bought last month via Amazon's sprawling online shopping platform. We also shopped at the company's supermarket chain Whole Foods, streamed its TV shows, read books on Kindle e-readers, and browsed countless websites no doubt powered by Amazon Web Services (AWS), its highly profitable cloud-computing business. And that isn't half of the interconnected products and services offered by the global behemoth, which earlier this year overtook US superstore giant Walmart to become the world's largest company by annual sales. But why does Amazon, launched by Jeff Bezos in 1995 as an online bookstore out of a rented garage, have so few serious rivals in the West when it comes to e-commerce?

A key part of the SpaceX-xAI deal's rationale is to move datacentres - the central nervous system of AI tools - into space. A key part of the SpaceX-xAI deal's rationale is to move datacentres - the central nervous system of AI tools - into space. Why has Elon Musk merged his rocket company with his AI startup? SpaceX's acquisition of xAI creates business worth $1.25tn but whether premise behind deal will work is questioned The acquisition of xAI by SpaceX is a typical Elon Musk deal: big numbers backed by big ambition. As well as extending "the light of consciousness to the stars", as Musk described it, the transaction creates a business worth $1.25tn (£920bn) by combining Musk's rocket company with his artificial intelligence startup.

Silicon Valley's power brokers spent the past year currying favor with President Trump. Two deadly shootings in Minneapolis are now exposing the price of that bargain. It was November 12, 2016, four days after Donald Trump won his first presidential election. Aside from a few outliers (looking at you, Peter Thiel), almost everyone in the tech world was shocked and appalled. At a conference I attended that Thursday, Facebook CEO Mark Zuckerberg said it was " a pretty crazy idea " to think that his company had anything to do with the outcome.

Tesla says its annual revenue has fallen for the first time as the electric vehicle (EV) maker shifts it focus to artificial intelligence (AI) and robotics. The company, which is run by multi-billionaire Elon Musk, reported a 3% decline in total revenues in 2025, while profits fell 61% in the last three months of the year. Tesla also announced plans to end production of its Model S and Model X vehicles. It will now use the manufacturing plant in California that made those cars to produce its line of humanoid robots - known as Optimus. In January, China's BYD overtook Tesla as the world's biggest EV maker, while Musk's involvement in politics both in the US and abroad has proved controversial.

Elon Musk's 2018 pay package from Tesla, once worth $56bn, has been restored by the Delaware Supreme Court, in the United States, two years after a lower court struck down the compensation deal as "unfathomable". Friday's ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware's business-friendly reputation. The ruling means that Musk can finally get paid for his work since 2018, when he transformed Tesla from a struggling startup to one of the world's most valuable companies. The 2018 pay deal provided Musk options to acquire about 304 million Tesla shares at a deeply discounted price if the company hit various milestones, which it did. Tesla estimated in 2018 that the plan was potentially worth $56bn, although given the rise in the stock price, the value ballooned to about $120bn by early November.

The Netflix and Warner Bros. deal might be great for shareholders, but not for anyone else Hollywood does not need more consolidation. Netflix's $82.7 billion acquisition of Warner Bros. is, in many ways, the last thing a weakened Hollywood needs right now. The industry is still recovering from the COVID-19 pandemic, where theaters were forced to close and audiences became even more comfortable with streaming films at home . The WGA and SAG-AFTRA strikes in 2023, which were driven by legitimate concerns around studio interest in generative AI, delayed production and promotion of many film and TV projects. And the rise of streaming content pushed many media companies towards taking on debt and unwise mergers (see: Warner Bros. Discovery), which led to higher subscription costs, layoffs and production belt-tightening.

Jeff Bezos has a unique set of management practices he used and espoused during his time as CEO of Amazon. Amazon founder and former Chief Executive Officer Jeff Bezos honed his leadership philosophy running one of the world's largest companies. Project Prometheus, which Bezos co-founded with scientist Vik Bajaj, will use AI to accelerate engineering and manufacturing in fields like aerospace and automobiles, the New York Times reported. The startup has $6.2 billion in funding, sourced in part from Bezos himself, and employees counted in the dozens, some of whom were poached from leading AI labs like OpenAI and Google DeepMind. As co-CEO with Bajaj, Bezos is back in a formal executive post for the first time since stepping down from Amazon in 2021.

Tesla plans to pay Musk $1tn - do they really need him that much? A great leader is a huge asset for company, of course, but can anyone be worth $1 trillion? That is the pay packet Tesla shareholders have approved for Elon Musk, as long as he meets the targets they have set over the next 10 years. In the meantime he won't collect a salary, but will presumably throw himself into his work with renewed vigour. He was certainly buzzing with energy as he jigged around the stage at the carmaker's Texas headquarters to rapturous applause, telling the audience that while other shareholder meetings were snoozefests, Tesla's are bangers.