Forbes Daily Briefing

Elon Musk is on the verge of becoming the first ever trillionaire. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ukraine’s engineers have churned out tens of thousands of flying, floating and crawling drones that have proven deadly on the battlefield. Now, a new startup plans to begin building this technology outside Ukraine to help rearm Europe and the United States as they prepare for the future of war. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Crypto’s richest mogul has ridden a rebound in Binance’s valuation—and friends in high places—to his highest net worth ever. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Inside who’s up, who’s down and who’s off Forbes’ annual ranking of the richest people in the world. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The world’s largest LNG complex in Qatar shut down last week after being hit by Iranian drones. That created a huge opportunity for fast growing Venture Global and its billionaire owners. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Abhi Ramesh’s grocery delivery startup has grown to $500 million in annual sales as he continues to reimagine how Americans shop for food. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Anthropic saw a surveillance problem and walked. OpenAI saw an opportunity and signed. Now, Sam Altman is under fire for struggling to explain how OpenAI’s contract is any safer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The cast of billionaires who have kowtowed to the President is extensive, including everyone from Jeff Bezos and Mark Zuckerberg to Sundar Pichai and Sam Altman. That’s what makes Dario Amodei’s refusal to cave so stunning — and may be behind Claude’s surge to the top of the App Store. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

By Forbes estimates, the elder Ellison, who is also Oracle’s largest shareholder, doesn’t have enough cash on hand to fulfill his part of Paramount’s $111 billion offer for Warner Bros. Discovery. Here’s how it could play out. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Backers project, based on Forbes’ billionaires list, that the tax would raise $4.4 trillion over ten years for childcare, housing and a $3,000 per person check to many Americans. Congress and the Constitution stand in the way. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.