Latest news with #JeffBezos
Geek Wire
2 hours ago
- Business
- Geek Wire
Jeff Bezos picks retired Amazon exec as the new CEO of his $10B Bezos Earth Fund
Tom Taylor, president and CEO of the Bezos Earth Fund. (LinkedIn Photo) Amazon founder Jeff Bezos has pulled one of his former executives out of retirement to become the president and CEO of the Bezos Earth Fund, a philanthropic effort to help the planet. Tom Taylor worked for Amazon for more than two decades, retiring in October 2022 as senior vice president of Amazon Alexa and a member of the company's senior leadership team (S-team). 'I am thrilled to join the Bezos Earth Fund and lead with the bold mandate to invent our way out of Earth's environmental challenges with a combination of long-term thinking, technical curiosity, and excellent execution,' Taylor wrote today on LinkedIn. 'I am excited to work with Jeff and Lauren [Sanchez Bezos] to implement their vision and grateful to inherit an incredibly capable and mission driven team.' Bezos launched the fund in February 2020 and issued its first $791 million to 16 environmental groups later that year. The organization set a target of dispersing $10 billion by 2030, and has granted roughly $2.3 billion so far. Its diverse slate of programming includes focuses on land conservation, planet friendly foods, environmental justice, low-carbon energy and industries, climate tech innovation, monitoring and data, and financial markets. Taylor's appointment marks a notable change to the top spot, as the fund's top executives in the past had largely come from the environmental community. Andrew Steer, the former head of the World Resources Institute, was the fund's first CEO and president, resigning his position in February. 'Andrew has decades of experience in environmental and climate science as well as economic and social policy in the U.S., Europe, Asia, and Africa,' Bezos said at the time of Steer's hire in 2021. A couple of months later, the fund brought on Charlotte Pera, who was previously president and CEO of the ClimateWorks Foundation. She departed the Bezos initiative in January 2024, having served as vice president and deputy CEO. When he announced his departure earlier this year, Steer said the fund had 'assembled some of the leading international experts in our field and built a team of some of the most passionate, imaginative, caring, and joyful staff I have ever had the pleasure of working with.' Taylor started his Amazon career as senior vice president of seller services, Amazon Payments and Fulfillment by Amazon. Prior to that, he was director of operations at K2 sports and was an engineer at Delphi Automotive Systems. 'After I retired from Amazon, I followed the good advice to consider this as 'Quarter 3' of my life and looked for an opportunity that balanced my desire for both adventure and service,' he said on LinkedIn. 'Leading the Bezos Earth Fund is this perfect opportunity — a place where I can bring something to the table, learn from some amazing people, and help the planet now and for future generations.'
Yahoo
3 hours ago
- Business
- Yahoo
My mom died at 78, leaving me a fully owned home, but with a bunch of debt too — should I keep the house?
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Losing a parent is devastating, and taking on the inevitable tasks that follow can be overwhelming. It can be even more disorienting if your last surviving parent has, for example, passed away with a home equity line of credit (HELOC) without any life insurance to help cover the debt. And that's without considering any outstanding credit card debt. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how The reality is, those debts will likely need to be paid. The question then becomes: How should you, as their child, deal with inherited debt? As a general rule, if you inherit debt, you are not responsible for paying it out of your own pocket. But creditors can come after the estate and try to collect debt from assets the deceased left behind. This is especially true when it comes to a HELOC, because it is a secured loan where the house in question is the collateral. If no life insurance policies or savings are passed down, then a home may be the only item of significant value in the estate. So, when creditors make claims against the estate, they will likely be fulfilled by using equity from the home. If the property is left in your name, then you could access this equity by selling the home, using some of the proceeds to pay back the debt and hopefully keep any remaining proceeds. Another option would be to get a new mortgage to pay off the existing loan, but that could be a lifelong re-commitment to an aging home. If you do decide to sell, but want to keep a toe in the $34.9 trillion U.S. home equity market, you could invest some of the proceeds back into real estate. Homeshares helps accredited investors tap into hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund with a minimum investment of $25,000. As a result, you don't have to worry as much about the headache of buying, owning or managing property. The fund focuses on homes with substantial equity, utilizing home equity agreements to help homeowners access liquidity without incurring debt or additional interest payments. This approach can provide an effective, hands-off way to invest in high-quality residential properties, with the added benefit of diversifying your portfolio across regional markets. Risk adjusted returns range from 14% to 17%, which could unlock good long term investment returns as a low-maintenance alternative to traditional property ownership. Read more: Rich, young Americans are ditching the stormy stock market — Deciding whether to keep the home or not is a personal choice, but it's worth considering both the financial and emotional implications. First and foremost, think about whether you can afford the home if you keep it. In this case, you would need to pay the new mortgage to cover the HELOC debts. You'll also have to pay for property taxes, insurance and upkeep. You want to be 100% sure that you can afford these costs so you don't risk keeping the house and getting foreclosed anyway. This is where a financial advisor can step in and help. matches you with a vetted financial advisor for free that can offer personalized advice based on your needs. Your match is also guaranteed to be a fiduciary, meaning that they're legally obligated to act in your best financial interests. Once you match with an advisor you can schedule a free call with no-obligation to hire to see if they're a good fit for you. A good advisor can chart a course for your financial future — from whether keeping the home is something you can realistically afford, to how you might invest the proceeds if you decide to sell. You also have to think about whether you want the emotional burden of owning the home. If you've spent a lot of time there, during your childhood or otherwise, it will surely carry plenty of memories. Moving on can be challenging, but sometimes liberating, depending on where you stand. Inheriting debt is never easy, and it can make a tough time tougher still for those grieving the loss of a loved one. Inheriting life insurance proceeds, on the other hand, can help loved ones rest easier. They can also help cover unexpected costs, like paying for a funeral or managing estate-based debt. Having your affairs in order, including life insurance, can make a difficult time easier to manage for your family. Ethos Life Insurance is a modern life insurance company that offers a seamless, completely online process. In 5-minutes, you can see if you're eligible for term life insurance, with no medical exams or blood tests required. Ethos simplifies the traditionally complex and time-consuming process of buying life insurance, making it quick, transparent and accessible. The best part? Ethos provides up to $2 million in coverage at a rate of just $2 per day. Here are the 6 levels of wealth for retirement-age Americans — are you near the top or bottom of the pyramid? This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Car insurance in America could climb to a stunning $2,502/year on average — but here's how 2 minutes can save you more than $600 in 2025 Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
6 hours ago
- Business
- Yahoo
Can Nebius Monetize Its Bets on ClickHouse, Avride and Toloka?
Nebius Group N.V. NBIS is a Europe-based AI-infrastructure company. The stock price has seen a meteoric rise (up 146.4% in the past three months), outperforming the S&P 500's 18.9% growth. NBIS is gaining from strong revenue growth of 385% in the last reported quarter, driven by accelerating demand for its AI-infrastructure services. Apart from booming core AI business, investors also need to look at the company's various stakes in some high-growth tech ventures that could emerge as powerful value drivers. ClickHouse stake is a standout. NBIS has a 28% stake in ClickHouse, valued at around $6 billion presently, which translates into a ready capital source if monetized. Other stakes include Toloka, a data partner for all stages of AI development, TripleTen, an edtech platform, and Avride, an autonomous vehicle platform. NBIS holds a considerable majority economic interest stake in Toloka. This tech venture is now backed by Amazon's Jeff Bezos and Shopify's Mikhail Parakhin. This investment will enable Toloka to scale rapidly and enhance its focus as global demand for high-quality AI data continues to rise. Avride struck partnerships with major players like Uber, Hyundai, GrubHub and Rakuten in the last reported quarter. Nebius also highlighted that discussions with potential third-party investors are underway, indicating another path to capital generation. These various stakes give Nebius a unique edge among AI-infrastructure players. Nebius seems confident to effectively monetize these businesses and fuel its core business while minimizing dilution to existing shareholders and keeping debt in check. For investors, these hidden value drivers may represent the next leg of the company's valuation uplift. CoreWeave CRWV is another AI-infrastructure company with hyper revenue growth of 420% in the first quarter of 2025. CRWV has been focused on own infrastructure buildout. The company acquired Weights & Biases as part of the strategy to expand its footprint in high-performance AI-cloud infrastructure. CRWV also recently announced the acquistion of Core Scientific in an all-stock deal worth around $9 billion as it deepens the vertical integration strategy. By taking ownership of Core Scientific's 1.3 GW power infrastructure footprint, with an additional 1 GW expansion potential, it gains ample room to grow its AI infrastructure. With demand for AI compute soaring, this extra capacity provides a strong long-term advantage. The transaction, expected to close in the fourth quarter of 2025. Management has also inked a strategic partnership with OpenAI for about $11.9 billion. Microsoft Corporation MSFT is a structurally dominant name in the tech space. With its Azure cloud platform, MSFT leads the AI-infrastructure space. The tech giant invests in innovative early-stage tech companies through its M12 venture fund. MSFT boasts stakes in various companies, with the crown jewel being OpenAI. MSFT has invested $13 billion in OpenAI and has rights to OpenAI IP (includes both model and infrastructure) for use within its products like Copilot, Azure and Bing. Moreover, Azure platform is the exclusive cloud provider for OpenAI. Through the Azure OpenAI Service agreement, developers can have direct access to leading OpenAI models supported by Azure and AI infrastructure and tools. Shares of Nebius have gained 87.5% year to date compared with the Internet – Software and Services industry's growth of 23.8%. Image Source: Zacks Investment Research In terms of price/book, NBIS' shares are trading at 3.87X, down from the Internet Software Services industry's ratio of 4.1X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for NBIS' earnings for 2025 has been unchanged over the past 30 days. Image Source: Zacks Investment Research NBIS currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 Microsoft Corporation (MSFT) : Free Stock Analysis Report Nebius Group N.V. (NBIS) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
7 hours ago
- Business
- Globe and Mail
Can Nebius Monetize Its Bets on ClickHouse, Avride and Toloka?
Nebius Group N.V. NBIS is a Europe-based AI-infrastructure company. The stock price has seen a meteoric rise (up 146.4% in the past three months), outperforming the S&P 500's 18.9% growth. NBIS is gaining from strong revenue growth of 385% in the last reported quarter, driven by accelerating demand for its AI-infrastructure services. Apart from booming core AI business, investors also need to look at the company's various stakes in some high-growth tech ventures that could emerge as powerful value drivers. ClickHouse stake is a standout. NBIS has a 28% stake in ClickHouse, valued at around $6 billion presently, which translates into a ready capital source if monetized. Other stakes include Toloka, a data partner for all stages of AI development, TripleTen, an edtech platform, and Avride, an autonomous vehicle platform. NBIS holds a considerable majority economic interest stake in Toloka. This tech venture is now backed by Amazon's Jeff Bezos and Shopify's Mikhail Parakhin. This investment will enable Toloka to scale rapidly and enhance its focus as global demand for high-quality AI data continues to rise. Avride struck partnerships with major players like Uber, Hyundai, GrubHub and Rakuten in the last reported quarter. Nebius also highlighted that discussions with potential third-party investors are underway, indicating another path to capital generation. These various stakes give Nebius a unique edge among AI-infrastructure players. Nebius seems confident to effectively monetize these businesses and fuel its core business while minimizing dilution to existing shareholders and keeping debt in check. For investors, these hidden value drivers may represent the next leg of the company's valuation uplift. How Are NBIS' Competitors Positione d ? CoreWeave CRWV is another AI-infrastructure company with hyper revenue growth of 420% in the first quarter of 2025. CRWV has been focused on own infrastructure buildout. The company acquired Weights & Biases as part of the strategy to expand its footprint in high-performance AI-cloud infrastructure. CRWV also recently announced the acquistion of Core Scientifi c in an all-stock deal worth around $9 billion as it deepens the vertical integration strategy. By taking ownership of Core Scientific's 1.3 GW power infrastructure footprint, with an additional 1 GW expansion potential, it gains ample room to grow its AI infrastructure. With demand for AI compute soaring, this extra capacity provides a strong long-term advantage. The transaction, expected to close in the fourth quarter of 2025. Management has also inked a strategic partnership with OpenAI for about $11.9 billion. Microsoft Corporation MSFT is a structurally dominant name in the tech space. With its Azure cloud platform, MSFT leads the AI-infrastructure space. The tech giant invests in innovative early-stage tech companies through its M12 venture fund. MSFT boasts stakes in various companies, with the crown jewel being OpenAI. MSFT has invested $13 billion in OpenAI and has rights to OpenAI IP (includes both model and infrastructure) for use within its products like Copilot, Azure and Bing. Moreover, Azure platform is the exclusive cloud provider for OpenAI. Through the Azure OpenAI Service agreement, developers can have direct access to leading OpenAI models supported by Azure and AI infrastructure and tools. NBIS Price Performance, Valuation and Estimates Shares of Nebius have gained 87.5% year to date compared with the Internet – Software and Services industry's growth of 23.8%. Image Source: Zacks Investment Research In terms of price/book, NBIS' shares are trading at 3.87X, down from the Internet Software Services industry's ratio of 4.1X. The Zacks Consensus Estimate for NBIS' earnings for 2025 has been unchanged over the past 30 days. NBIS currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> 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 Microsoft Corporation (MSFT): Free Stock Analysis Report Nebius Group N.V. (NBIS): Free Stock Analysis Report CoreWeave Inc. (CRWV): Free Stock Analysis Report
Daily Mail
7 hours ago
- Entertainment
- Daily Mail
Lizzie Cundy, 57, looks incredible in a busty one-shouldered swimsuit as she soaks up the sun ahead of son's wedding in Venice
Lizzie Cundy looked incredible as she soaked up the sun on a beach in Venice, Italy on Tuesday ahead of her son's wedding. The presenter, 57, wore a cream, busty, one-shouldered swimsuit while topping up her tan on a sun lounger. She pulled her hair back into a high ponytail and shielded her eyes with a pair of circular framed sunglasses. Sharing a series of photos to her Instagram, Lizzie wrote: 'A little chill time before the celebrations.' Lizzie's eldest son Josh, 29, is set to get married later this month in celebrity-hotspot Venice - aptly, just weeks after Amazon billionaire Jeff Bezos and Lauren Sanchez said 'I do' in the Italian city. Lizzie also shares another son James, 26, from her marriage to former Chelsea player Jason Cundy, 55. Lizzie recently opened up about the realities of being a WAG in the noughties as she shared the 'lonely and isolating' reality of her split from her footballer ex. The TV star got married to the former Chelsea player Jason in 1994, after meeting at a nightclub in Richmond, London. Lizzie split from Jason in 2012 after discovering his affair with opera singer Hannah Pedley. Now, in a new BBC documentary titled Sex After Celebrity, Lizzie revealed the difficulties she faced with being in the public eye at the height of her fame. Reflecting on the period when her marriage split became public, she described it as the 'most awful time' in her life. She said: 'It was the most awful time when my marriage split up, not just because it was a marriage splitting up and family was being split up, it was because it was on the front page of the papers. 'There's a picture of me in a swimsuit, looking over my shoulder, and it was all about my marriage split, and I didn't even know about it myself. And it was the reaction of other people as well. 'Friends I knew didn't know what to say. The mums at school would cross the road from me because they were embarrassed.' She continued: 'They didn't really know what to say. So it actually became quite a lonely existence.' 'And not knowing who to trust, actually doubting friends, thinking, "Could they have put that story in?" or, you know, "I only told that person, so how did it get in?" 'And quizzing and questioning people that you've known a lifetime. So that side was awful.' Following the breakdown of her high-profile marriage, Lizzie found it hard to go back into the dating pool. She explained: 'It's difficult when you've been in a very high-profile relationship and then go into dating, because you have a trust issue. I certainly did. 'And I've actually been on a date where we're sitting there and I've seen him push his phone, and I thought, "I think you're recording me." Reflecting on the period when her marriage split became public, she described it as the 'most awful time' in her life 'So I just said it out, "Is your phone on? Are you recording?" And he just went, "Yeah..."' Fast forward to present day, the beauty has found a new lease of life for dating, as she described it was 'great now'. She went on to date England rugby player Danny Cipriani and has since enjoyed some other relationships out of the public eye. The TV star said: 'I am loving dating. I do long-distance relationships, which is fantastic. 'So, you know, you can send little naughty pics and you just keep it fresh. They're not there all the time, getting on your nerves. 'You know, guys are good for different things. You know, I used to have one guy and I'd think, "Oh, if only he was a little bit more fun and wanted to go out at night". 'I've got guys, you know, one likes football, one likes going out for dinner, one makes me laugh, one's good in bed, you know? Got it all. 'So that's what... I'm free. I love it, and I've never been happier.'
