Every industry has its nobility. The “PayPal mafia” are sovereign in Silicon Valley. Many Wall Street financiers trace their genealogy back to Julian Robertson or Michael Milken. The equivalent for railroaders is E. Hunter Harrison, who died in 2017....
The promise of South-East Asia has long been obvious to venture capitalists. Its young and growing population of 700m is becoming richer and more urbanised. And they are poorly served by stodgy incumbents. After a pandemic-era frenzy, however, shares...
Perhaps it is inevitable that Anthropic, an artificial-intelligence (AI) lab founded by do-gooders, attracts snark in Silicon Valley. The company, which puts its safety mission above making money, has an in-house philosopher and a chatbot with the Gallic-sounding name...
Airlines have long been champions of price discrimination. To fatten their notoriously slim profit margins, they have developed “fare fences”, based on factors like whether or not a trip spans a weekend, to charge higher prices to those willing...
Ever since he co-founded Xiaomi in 2010, Lei Jun, the chief executive of the Chinese tech giant, has pulled off feat after feat of salesmanship. A decade ago he earned a Guinness World Record for selling 2.1m smartphones online...
