American computer scientist and Google co‑founder, Alphabet veteran
The House Oversight Committee has subpoenaed former Apollo CEO Leon Black to produce nondisclosure agreements and to return for a sworn deposition on July 16 after he declined to answer questions about NDAs during a closed-door interview. Committee chair James Comer says the NDAs may connect Black to Jeffrey Epstein; Black denies wrongdoing.
The world’s richest person has seen his fortune swing wildly after SpaceX’s IPO. SpaceX and Tesla shares have fallen amid a broader tech sell-off, eroding Musk’s trillionaire status. Despite volatility, he remains the wealthiest individual as markets reassess growth prospects in AI and tech.
The US Department of Commerce has lifted export controls on Anthropic's Claude Fable 5 and Mythos 5, and Anthropic has begun restoring access. Mythos 5 has been cleared for a vetted group of US organisations; Fable 5 — redesigned with stronger safeguards — is being redeployed more broadly after testing and coordination with government officials.
Retailers are expanding digital price tags across stores to speed up pricing and reduce labor. But lawmakers and unions warn about surge pricing, job losses, and price manipulation, prompting proposed bans in several states and at federal level. Initial pilots show mixed reactions from workers and shoppers.
New York City’s rent-freeze policy has moved from plan to action, with the Rent Guidelines Board freezing increases on one- and two-year leases for rent-stabilized units. This update follows controversy over how the policy is financed and implemented, including calls for ownership transfers to community groups and tenants. Legal challenges loom as landlords push back.
Luxury hotel brands are entering the cruise space, offering mega-yacht-like experiences on shorter, curated itineraries. The trend includes brands like Four Seasons, Orient Express and Aman, moving beyond traditional cruise models as ultrawealthy travelers seek exclusive, shipboard living with extensive amenities.
California debates a 5% wealth tax; ultra‑rich residents have moved assets out of state, with Alphabet’s Larry Page and Sergey Brin among notable relocations. Tax plans are spurring residency audits and significant corporate and political pushback.
Miami-Dade County has seen 24 sales of properties above $30 million in H1 2026, roughly double the prior year, fueling expectations to surpass 2025’s record. The rise is tied to tax policy debates and growing tech presence, including Alphabet’s Miami expansion.
California voters will decide Prop 40 in November. Billionaire wealth, tax politics, and business interests collide as wealthy residents consider plans that would impose a 5% one-time tax on net worth to fund healthcare, with heavy pushback from residents and business leaders.
Google has reorganised its AI leadership: Demis Hassabis has stepped back from day-to-day running of DeepMind to become its chair and Alphabet chief scientist, and Koray Kavukcuoglu has been promoted to senior vice-president to run Google DeepMind. Several senior engineers, including Jeff Dean and Sanjay Ghemawat, have left to launch a new startup; Alphabet shares have fallen.
Vogue World is relocating a major fashion event to San Francisco, highlighting the city’s growing status as a hub for arts, culture, and tech. The move follows recent tech-driven economic and cultural shifts, with San Francisco now touted as a focal point for creative industries.
Anthropic has reported surging run-rate revenue and is considering a public listing this fall. Investors are forecasting a multi-trillion-dollar valuation, while safety and regulatory concerns persist amid fierce competition with OpenAI and Chinese challengers.