Paul Allen News

A year before Elon Musk helped start OpenAI in San Francisco, philanthropist and Microsoft co-founder Paul Allen already had established his own nonprofit artificial intelligence research laboratory in Seattle

Bill and his ex-wife Melinda Gates have three children together: Jennifer, Rory and Phoebe. «Well, I think everybody gets to decide on that. In my case, my kids got a great upbringing, education, but less than 1% of the total wealth because I decided it wouldn’t be a favor to them. It’s not a dynasty. I’m not asking them to run Microsoft. I want to give them a chance to have their own earnings and success, be significant and not overshadowed by the incredible luck and good fortune I had,» said Microsoft's Bill Gates. «Different families see that differently. I think the people who’ve made fortunes from technology are less dynastic and so they’ll even take their capital and give a lot of that away. You can have the view of giving away your capital or just giving away your earnings. And, of course, I love all philanthropy, but the tech sector is probably the most aggressive about giving most of it away,» added Gates during an interview with

With his 70th birthday looming on this year’s horizon, Microsoft founder Bill Gates looked inward to open a window into the man behind Windows and other seminal software that turned the personal computer into a household staple

Deposit growth is the Indian banking sector’s biggest challenge as customers choose from an increasingly diverse range of investment alternatives, according to Shalini Warrier, retail business head at Federal Bank Ltd. “There is no silver bullet for this,” Warrier said on Bloomberg TV Monday. When “fixed deposit rates don’t go up as much as customers would like them, they look for alternates.” Deposit growth has lagged strong demand for credit in India for several quarters now, prompting top officials to weigh in. Finance Minister Nirmala Sitharaman and Shaktikanta Das, governor at the Reserve Bank of India, has urged banks to innovate in order to increase their deposits as household savings shift to investment products.

Bill Gates' success story has inspired many, marked by the creation and elevation of Microsoft alongside childhood friend Paul Allen. In a blog post reflecting on his youth, Gates shared that he initially dismissed the significance of weekends and vacations, a perspective he outgrew as he aged and especially upon becoming a father. Recognizing the richness of life beyond work, Gates emphasized the invaluable wisdom gained from witnessing his children's growth.

The New Zealand Breakers – a privately owned National Basketball League team – are close to finalising their advisory bench as they prepare to test the appetite of potential buyers, with four bankers from Los Angeles to Sydney set to play key roles.

Auction houses specializing in the sales of expensive art and collectibles registered record revenue this year, defying a global economic downturn as rebound from pandemic-era shutdowns.