logo
Silicon Valley Investor Cohler Buys £22 Million London Mansion

Silicon Valley Investor Cohler Buys £22 Million London Mansion

Bloomberg15 hours ago
A Silicon Valley investor who backed opponents of Donald Trump in last year's elections has bought a London mansion for roughly £22 million ($30 million), in the latest sign the city's beleaguered luxury market is getting some help from rich Americans.
Technology venture capitalist Matt Cohler purchased the detached house in Notting Hill at the end of April, marking one of London's most expensive residential property transactions this year, according to a UK filing. Cohler didn't respond to an email request seeking comment.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Microsoft Slashes 9,000 Jobs While Mark Zuckerberg's Meta Poaches $20 Million Worth Of AI Talent From OpenAI: Investor Warns Of 'Jealousy, Envy, And Helplessness' Among Tech Workers In Silicon Valley
Microsoft Slashes 9,000 Jobs While Mark Zuckerberg's Meta Poaches $20 Million Worth Of AI Talent From OpenAI: Investor Warns Of 'Jealousy, Envy, And Helplessness' Among Tech Workers In Silicon Valley

Yahoo

time44 minutes ago

  • Yahoo

Microsoft Slashes 9,000 Jobs While Mark Zuckerberg's Meta Poaches $20 Million Worth Of AI Talent From OpenAI: Investor Warns Of 'Jealousy, Envy, And Helplessness' Among Tech Workers In Silicon Valley

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Microsoft Corp. (NASDAQ:MSFT) cut 9,000 jobs in its second 2025 layoff round while Meta Platforms Inc. (NASDAQ:META) and OpenAI ignite a talent war with compensation packages reaching $20 million annually, creating stark contrasts in Silicon Valley's artificial intelligence landscape. What Happened: The layoffs affect less than 4% of Microsoft's workforce across diverse teams and regions as the company maintains cost controls while investing $80 billion in AI data centers this fiscal year. Microsoft's gaming division, including Candy Crush parent King, eliminated 200 positions, marking the company's continued workforce reduction following 6,000 cuts in May. Don't Miss: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Now Raising at $3/Share Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Meanwhile, Meta's aggressive talent acquisition has sparked unprecedented compensation inflation. Deedy Das, an AI investor at Menlo Ventures, told Business Insider that three machine-learning engineers at OpenAI and Anthropic received offers between $8 million and $20 million annually from Meta. 'There's a ton of ripple effects I'm hearing in the Valley,' Das said, describing widespread 'jealousy, envy, and helplessness' among tech workers not receiving such packages. The bidding war intensified after Meta recruited Scale CEO Alexandr Wang in a $14.3 billion deal and poached six star researchers from OpenAI for its new Meta Superintelligence Labs. OpenAI CEO Sam Altman claimed Meta offered $100 million signing bonuses, though Meta CTO Andrew Bosworth dismissed these claims as dishonest during a company meeting. Why It Matters: Roy Bahat of Bloomberg Beta noted the talent shortage drives extreme valuations, with only approximately 2,000 researchers capable of building foundational AI models globally. 'In my 20 years in tech, I have never seen as clearly defined a market for extraordinary talent,' Bahat said. The competition extends to universities, where companies pressure Ph.D. interns to abandon studies. 'They're pressuring them to drop out of school,' said Bill Aulet of MIT's Martin Trust Center for Entrepreneurship. Companies argue AI advances are happening so rapidly that graduation delays could cost career-defining opportunities. Microsoft's third quarter revenue of $70.07 billion, up 13% year-over-year, and Azure's 33% growth demonstrate continued AI demand despite workforce reductions. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Photo courtesy: Tada Images / This article Microsoft Slashes 9,000 Jobs While Mark Zuckerberg's Meta Poaches $20 Million Worth Of AI Talent From OpenAI: Investor Warns Of 'Jealousy, Envy, And Helplessness' Among Tech Workers In Silicon Valley originally appeared on

UK's Palestine Action loses bid to pause ban as ‘terrorist' group
UK's Palestine Action loses bid to pause ban as ‘terrorist' group

Yahoo

time2 hours ago

  • Yahoo

UK's Palestine Action loses bid to pause ban as ‘terrorist' group

Pro-Palestinian campaign group Palestine Action has lost a bid to pause the British government's decision to ban the organisation under 'anti-terrorism' laws pending their legal challenge. Huda Ammori, who co-founded the group in 2020, had asked London's High Court to stop the proscription of Palestine Action as a 'terrorist' organisation, before a full hearing of her case that banning the group is unlawful later this month. On Friday, the High Court refused to pause the ban and, following a late-night hearing, the Court of Appeal rejected an appeal against that decision at just after 2130 GMT. This means the proscription of Palestine Action is upheld and will come into force at midnight. The proscription came after British lawmakers this week decided to ban Palestine Action after its activists broke into a military base last month and sprayed red paint on two planes in protest at the UK's support for Israel's war on Gaza. Proscription would make it a crime to be a member of Palestine Action that carries a maximum sentence of 14 years in prison. Proscribed groups under British law include ISIL (ISIS) and al-Qaeda. Ammori's lawyer Raza Husain said the proscription marked the first time the UK had sought to ban a group carrying out such direct action, describing it as 'an ill-considered, discriminatory, authoritarian abuse of statutory power'. Protesters gathered outside the UK's Royal Court of Justice during Friday's ruling. Police swarmed the crowd, but Palestine Action said that its protests will not stop. After the parliamentary vote against the organisation on Wednesday, critics decried the chilling effect of the ban, which puts the non-violent campaigners on a par with armed groups like ISIL and al-Qaeda. 'Let us be clear: to equate a spray can of paint with a suicide bomb isn't just absurd, it is grotesque. It is a deliberate distortion of the law to chill dissent, criminalise solidarity, and suppress the truth,' said independent British lawmaker Zarah Sultana. Brendon Ciaran Browne, associate professor at Trinity College Dublin, told Al Jazeera the UK government's decision is 'absolutely absurd'. 'Essentially, what we're witnessing here, is an attempt to enforce a chill effect on everyone who is absolutely abhorred by the UK government's complicity [in Israel's war on Gaza] and their flagrant breaches of international law that we have seen now for the best part of 21 months,' he said on Friday. Referring to Palestine Action's stunt at a British military base, Browne noted that the UK government has existing legislation to deal with this. 'Those who are allegedly involved can be charged with criminal damage. There are other ways to do this. But what you're seeing here is the UK government again using the terrorism act to target those who are engaged in direct action … This is a draconian, silly move by the UK government,' he added. Palestine Action describes itself as 'a pro-Palestinian organisation which disrupts the arms industry in the United Kingdom with direct action'. It says it is 'committed to ending global participation in Israel's genocidal and apartheid regime'. Home Secretary Yvette Cooper, the UK's interior minister, has said that violence and criminal damage have no place in legitimate protest, and her lawyers say the case should be brought at the Proscribed Organisations Appeal Commission instead. Rights groups have accused Israel of repeatedly committing abuses in its war in Gaza, which began on October 7, 2023. Since then, at least 57,268 Palestinians have been killed and 135,625 wounded, according to Gaza's Health Ministry.

Will Apple (AAPL) Beat Estimates Again in Its Next Earnings Report?
Will Apple (AAPL) Beat Estimates Again in Its Next Earnings Report?

Yahoo

time2 hours ago

  • Yahoo

Will Apple (AAPL) Beat Estimates Again in Its Next Earnings Report?

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Apple (AAPL), which belongs to the Zacks Computer - Micro Computers industry, could be a great candidate to consider. When looking at the last two reports, this maker of iPhones, iPads and other products has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 2.09%, on average, in the last two quarters. For the most recent quarter, Apple was expected to post earnings of $1.65 per share, but it reported $1.61 per share instead, representing a surprise of 2.48%. For the previous quarter, the consensus estimate was $2.36 per share, while it actually produced $2.4 per share, a surprise of 1.69%. With this earnings history in mind, recent estimates have been moving higher for Apple. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Apple has an Earnings ESP of +4.30% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 31, 2025. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store