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Replit Inc., a startup with an artificial intelligence platform that speeds up application development, has raised $250 million in new funding. Prysm Capital led the investment with contributions from more than a half dozen other backers. Google LLC’s AI Futures fund, Y Combinator and Coatue were among the participants. Replit disclosed in its announcement of […]
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Billionaire investor Bill Ackman has made a hefty investment in Amazon.com Inc. (NASDAQ:AMZN), pouring in more than $1.27 billion within a span of three months.What Happened: Ackman’s firm, Pershing Square Capital Management, accumulated 5,823,316 shares of Amazon, which accounts for nearly 10% of the firm’s $13.7 billion total assets under management, as revealed in the […]
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In a 1998 Berkshire Hathaway shareholder meeting, renowned investor, Charlie Munger, unveiled his three-step strategy for wealth accumulation starting from scratch.What Happened: Munger discussed the challenge of building wealth from ground zero. He underscored that rationality, opportunism, and substantial saving are key to wealth creation.During the meeting, Munger advised saving a substantial part of one’s […]
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