B.Grimm Power—controlled by Thai billionaire Harald Link—has bought a stake in U.S.-based hydropower operator New England Reliable Hydropower Holdings for 7.24 billion baht ($230 million) amid the group’s drive to expand its overseas renewable energy p…
Yan Junjie, the 36-year-old chairman and CEO of MiniMax, now boasts a net worth of $3.2 billion after the AI model developer’s $618 million Hong Kong IPO.
Zhipu, which operates a ChatGPT-like service called Z.ai, raised $558 million in the IPO. Its chairman, Liu Debing, amassed a fortune of $2.1 billion based on his stake in the Chinese AI model company.
From Trump frenemyship, the DOGE debacle, unmet self-driving car promises, chainsaws and “Mechahitler” to a $1 trillion pay deal, 2025 was the billionaire’s most chaotic and lucrative year.
Record activity in the AI sector this year has boosted dozens of founders and business executives into the billionaire ranks.
In this week’s edition of The Prototype, we look at a drug to help spinal injuries, a crypto billionaire’s big space play, revitalizing aging immune systems and more.
As AI coding tools surge in popularity, two-year-old Lovable is now valued at $6.6 billion, making billionaires of cofounders Anton Osika, 35, and Fabian Hedin, 26.