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Jeff Bezos

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Trump’s Melania documentary nets a $10.7 million Amazon licensing payout
entertainment8 days ago

Trump’s Melania documentary nets a $10.7 million Amazon licensing payout

Trump reportedly earned a $10.71 million licensing fee from Amazon MGM for the Melania documentary; Amazon had previously paid about $40 million for Brett Ratner’s film (including $28 million to Melania) and spent roughly $35 million marketing the project, which had brought in about $16.6 million at the box office before streaming. Bezos defended the decision as a wise business move, while Trump’s latest disclosures also reveal other earnings.

via The Independent|
#amazon#donald-trump#entertainment
Venice Bristles as Fertitta's Coastal Yacht Diplomacy Draws Protests
politics15 days ago

Venice Bristles as Fertitta's Coastal Yacht Diplomacy Draws Protests

Billionaire Tilman Fertitta, Trump’s envoy to Italy, is touring the Italian coast aboard his $450 million Boardwalk superyacht under a banner of “coastal diplomacy,” but Venetians and activist groups are planning protests in Venice over the wealth display during the Festa del Redentore, with comparisons to Bezos’ wedding protests; the trip includes stops along the coast and a Venice visit that could disrupt waterways, while officials say the aim is to strengthen Italy–U.S. ties amid ongoing political tensions with Rome.

via The Daily Beast|
#coastal-diplomacy#jeff-bezos#lauren-sanchez
Trump Mocked Zuckerberg and Bezos for Groveling Texts, Book Claims
politics22 days ago

Trump Mocked Zuckerberg and Bezos for Groveling Texts, Book Claims

According to The New York Times reporters Maggie Haberman and Jonathan Swan in the book Regime Change, after the 2024 election Donald Trump mocked Mark Zuckerberg and Jeff Bezos for courting him, flaunting their fawning texts to guests. Zuckerberg reportedly sent a photo of a letter from his child praising a “golden age of America,” while Bezos disparaged The Washington Post during a Mar-a-Lago dinner and later pitched a Blue Origin/SpaceX contract angle that Trump did not pursue. The episodes show Silicon Valley’s scramble for favor and Trump’s gleeful ridicule, with Elon Musk reacting approvingly and other tech leaders also meeting with him.

via WIRED|
#donald-trump#jeff-bezos#mark-zuckerberg
Bezos tells Trump Washington Post was his worst investment before a sweeping newsroom purge
politics23 days ago

Bezos tells Trump Washington Post was his worst investment before a sweeping newsroom purge

Bezos reportedly told Donald Trump that the Washington Post was his worst investment, calling its staff 'terrible' and saying they don't listen, per excerpts from a forthcoming book. About two months later he ordered a sweeping downsizing at the Post, cutting roughly a third of its newsroom, including photographers and the sports section, as the paper embraced a new editorial stance built on personal liberties and free markets.

via New York Post|
#donald-trump#jeff-bezos#media-bias
Bezos Says Washington Post Was His 'Worst Investment' as 300+ Jobs Are Cut
business23 days ago

Bezos Says Washington Post Was His 'Worst Investment' as 300+ Jobs Are Cut

Jeff Bezos reportedly told Donald Trump at a December 2024 dinner that the Washington Post was his worst investment, and a couple of months later he slashed the paper’s staff by more than 300. New excerpts from the forthcoming book Regime Change describe Bezos’ efforts to shape the Post, including blocking an endorsement of Kamala Harris, and note the paper’s roughly $100 million loss in 2024 that preceded the downsizing and added to subscriber churn.

via Gizmodo|
#business#donald-trump#jeff-bezos
Bezos bets AI will spark ‘golden ages’ with Prometheus, not mass job losses
technology29 days ago

Bezos bets AI will spark ‘golden ages’ with Prometheus, not mass job losses

Jeff Bezos argues AI will fuel multiple ‘golden ages’ rather than cause sweeping unemployment and is backing Prometheus, a $41 billion AI lab, to transform manufacturing and engineering across his business empire. The venture aims to develop an “artificial general engineer” by training on real-world data and shortening design pipelines, backed by investors like JPMorgan Chase and BlackRock. While some AI leaders warn about job losses, Bezos contends AI will create more and better jobs, though Prometheus faces competition from other AI startups and ongoing talent wars.

via Financial Times|
#amazon#artificial-intelligence#jeff-bezos
Bezos-backed Prometheus bets $12B Series B on AI-driven industrial design
business29 days ago

Bezos-backed Prometheus bets $12B Series B on AI-driven industrial design

Bezos-backed Prometheus announced a $12 billion Series B at a $41 billion valuation to develop an 'artificial general engineer' aimed at speeding up pre-production and prototyping via industrial AI. The 150-employee startup is backed by major investors (JPMorgan, BlackRock, Goldman Sachs, DST Global, Arch Venture Partners) and Bezos himself, with no direct ties to Amazon or Blue Origin; details on training data, timing, and product rollout remain undisclosed, while the goal is to compress the dream-to-production cycle across industries.

via Axios|
#ai-startup#business#jeff-bezos
Bezos questions NYC school funding, urges root-cause fixes over tax hikes
business1 month ago

Bezos questions NYC school funding, urges root-cause fixes over tax hikes

Jeff Bezos said on CNBC that New York City's public-school spending (about $44,000 per student) is inefficient and wouldn’t be tolerated in business, arguing funds don’t reach teachers and calling for root-cause solutions rather than higher taxes on the wealthy; NYC Mayor Zohran Mamdani responded, while Bezos and the family later pledged up to $150 million for early childhood education in NYC (including a $100 million donation and $25 million contingent on matching funds) to support expanded childcare programs.

via The Times of India|
#business#education-funding#jeff-bezos
Bezos’s Trump Praise Triggers Viral Backlash and Skepticism
politics1 month ago

Bezos’s Trump Praise Triggers Viral Backlash and Skepticism

Bezos told CNBC that Trump has grown more mature and disciplined and has been right about many ideas, a remark that sparked a wave of critics online who accused him of pandering to protect his fortune and influence. The piece notes Bezos’s ownership of The Washington Post, past tensions with Trump, and related business ties (including Amazon's investments and a Melania Trump documentary) that critics say complicate any praise.

via HuffPost|
#amazon#donald-trump#jeff-bezos
Dimon to Mamdani: NYC’s success hinges on results, not ideology
business1 month ago

Dimon to Mamdani: NYC’s success hinges on results, not ideology

JPMorgan Chase CEO Jamie Dimon told Bloomberg TV he’ll judge NYC Mayor Zohran Mamdani by outcomes rather than rhetoric, warning that if affordable housing and other core issues don’t improve, the city won’t attract people or business. Dimon cautioned that Mamdani’s left-leaning agenda must compete for talent with global hubs, as the mayor pushes higher taxes on corporations, a 2% income tax hike for the wealthy, and a luxury levy on second homes. Dimon also backed Jeff Bezos’s call for reducing taxes on lower earners to zero, and supported Bezos after he criticized Mamdani for naming Ken Griffin in a video. The comments followed a meeting with Mamdani and other business leaders and underscore growing tension between NYC’s business community and the mayor’s policy aims.

via New York Post|
#business#jamie-dimon#jeff-bezos
Bezos Backs NYC Luxury-Home Tax, Pushes Back on Singling Out Griffin
business1 month ago

Bezos Backs NYC Luxury-Home Tax, Pushes Back on Singling Out Griffin

Jeff Bezos publicly supports Mayor Mamdani's pied-à-terre tax on New York City properties valued over $5 million that aren’t primary residences, arguing such taxes can be reasonable if applied judiciously. He also pushed back against criticisms that singled out Citadel CEO Ken Griffin, saying Griffin isn’t a villain. Bezos noted he would be affected since he owns NY properties but lives in Florida. The tax originated with Gov. Hochul and was later backed by Mamdani, and it remains subject to legislative approval amid broader opposition.

via Business Insider|
#business#citadel#jeff-bezos
Bezos Frames Melania Doc as Smart Business Move, Not Influence Play
business1 month ago

Bezos Frames Melania Doc as Smart Business Move, Not Influence Play

Bezos tells CNBC the Amazon MGM Studios deal to acquire and release Melania was a smart business decision and denies it was a way to buy influence with the Trump administration, stating he had nothing to do with it. Amazon MGM paid about $40 million to acquire the film and $35 million to market it; Melania has performed well theatrically and on streaming, grossing roughly $16.6 million worldwide. Critics like Senator Elizabeth Warren have questioned potential pay-to-play implications, while Amazon defended the deal as a competitive licensing process. Bezos also commented on Trump’s presidency during the interview, saying he hopes to work with future administrations.

via Variety|
#amazon-mgm-studios#business#elizabeth-warren
Bezos Defends Melania Doc as a Smart Business Move
business1 month ago

Bezos Defends Melania Doc as a Smart Business Move

Bezos says the Melania documentary was a “very wise business decision,” stressing he had no involvement in acquiring the project and noting solid performance in theaters and on streaming after an estimated $75 million spend; he also defended the Washington Post’s cost-cutting asnecessary for profitability while emphasizing investigative reporting remains central, and he even quips about regretting not greenlighting Project Hail Mary.

via The Hollywood Reporter|
#amazon#box-office#business