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Forbes Daily Briefing

Forbes Daily Briefing

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The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows. 930398© Forbes Media LLC Economía Política y Gobierno
Episodios
  • The Crypto Billionaire Betting $1 Billion To Build AI Based On The Human Brain

    The Crypto Billionaire Betting $1 Billion To Build AI Based On The Human Brain
    Apr 5 2026
    Follow Forbes Daily Briefing Ripple and Stellar founder Jed McCaleb wants to build AGI by studying how the brain learns—then translating those rules into AI. In a two-story brick office building in Emeryville, neuroscientists are making plans to fit mice with diminutive brain-computer interfaces to record patterns of neural activity while they perform basic tasks like navigating a maze. They hope to build a library of mouse brain states that reliably maps to specific perceptions and actions. Next comes translation: turning those findings into code—and, eventually, into a new kind of AI system built on the brain’s governing principles. They plan to run the experiments on mice, monkeys and even humans. If it works, it could become a flywheel: brain experiments inform new AI architectures and those suggest new hypotheses to test. Hovering over all of it is a science fiction-sounding ambition: using brain computer interfaces not just to read minds, but to write them. Researchers talk about “uploading” knowledge into the brain, inserting the image of an apple into someone’s thoughts, or directions to navigate a never-before-seen maze. It sounds like an idea pulled straight out of a William Gibson book. Jed McCaleb, who founded cryptocurrency projects Ripple and Stellar, is trying to bankroll it into reality. The Silicon Valley billionaire is committing $1 billion of his cryptocurrency fortune–worth about $3.9 billion by Forbes’ estimate–into building AI systems that achieve artificial general intelligence, or the threshold at which AI systems can perform tasks as well as humans. “Most effort and research… is going in one particular area—transformers,” McCaleb said. “[AI] would benefit by looking closer at the human brain.” He's funding the effort through his nonprofit Astera Institute, which has long had an AI focus, but recently zeroed in on brain-inspired approaches, prompting McCaleb’s nine-figure commitment. In doing so, Astera joins a slew of other funded-into-the-billions AI research ventures with no clear commercialization plan, including former OpenAI co-founder Ilya Sutskever’s SSI or Jeff Bezos’ Project Prometheus. The self-made son of a single mother in Arkansas, McCaleb fits the modern technologist billionaire mold: future-obsessed, capital-rich and impatient with playing it safe. His bets are not small. In addition to Astera Institute, where he has pledged $600 million towards neuroscience on top of the $1 billion AGI effort, he spends several days a week at Vast, his space company in southern California. Vast wants to replace the international space station, and Forbes first reported it has been fundraising at a $2 billion valuation. “Crypto was, in some sense, a big detour,” McCaleb says. “I’d been wanting to work on AI the whole time, but only really got the chance once I stepped back [from crypto]...I think AI is going to be the most transformative thing that humans ever create. So it’s the most compelling thing to work on.” Read the full story on Forbes: By Anna Tong https://www.forbes.com/sites/annatong/2026/03/27/this-crypto-billionaire-wants-to-use-the-human-brain-as-a-blueprint-for-ai/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    7 m
  • Musk Closer To Trillionaire Status: SpaceX Files For IPO

    Musk Closer To Trillionaire Status: SpaceX Files For IPO
    Apr 4 2026
    Follow Forbes Talks Topline Elon Musk may soon become the first person to have a net worth exceeding $1 trillion, as SpaceX’s anticipated stock market debut is on the way after the aerospace firm filed for an IPO on Wednesday. Key Facts SpaceX submitted confidential IPO registration to the Securities and Exchange Commission, according to multiple reports, meaning the documentation is only available to regulators. Additional information about SpaceX’s IPO, including the number of shares to be sold and a price range, will be disclosed in a later filing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are leading the offering, the Wall Street Journal reported, citing people familiar with the matter. With an expected listing in June, the public offering is estimated to value SpaceX at $1.75 trillion and raise $75 billion, which would more than double Saudi Aramco’s $29 billion debut in 2019 as the largest-ever IPO. SpaceX acquired Musk’s artificial intelligence startup xAI in February, consolidating two of his companies in a deal that valued the combined entity at an estimated $1.25 trillion. SpaceX did not immediately respond to a request for comment from Forbes. Surprising FactOnce SpaceX's listing debuts, Musk will likely become the first person to be chief executive of two companies valued at $1 trillion. His Tesla has a market valuation of $1.4 trillion as of Wednesday. Read the full story on Forbes: Ty Roush https://www.forbes.com/sites/tylerroush/2026/04/01/musk-closer-to-trillionaire-status-spacex-reportedly-files-for-ipo/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    4 m
  • Billionaire Sunil Mittal’s Airtel, Partners To Invest $1 Billion In Indian Data Center Projects

    Billionaire Sunil Mittal’s Airtel, Partners To Invest $1 Billion In Indian Data Center Projects
    Apr 4 2026
    Follow Forbes Daily Briefing Bharti Airtel—controlled by billionaire Sunil Mittal—and a group of investors are investing $1 billion in data center projects in India to tap into the AI boom in the world’s most populous country. Bharti Airtel—controlled by billionaire Sunil Mittal—and a group of investors are investing $1 billion in data center projects in India to tap into the AI boom in the world’s most populous country. Under the deal, which is subject to regulatory approvals, three U.S. private equity firms will inject fresh capital into Airtel’s data center unit, Nxtra Data. Alpha Wave Global will invest $435 million, Carlyle will contribute $240 million, and Anchorage Capital will add $35 million. The remaining investment will come from Airtel, which will keep a controlling stake in Nxtra, according to a statement released on Monday. “Strategic partnerships with global investors and technology leaders are central to our growth roadmap, enabling us to accelerate expansion, harness world-class expertise, and deliver next generation digital infrastructure solutions at scale,” Gopal Vittal, executive vice chairman of Airtel said in the statement. Nxtra currently operates 14 data centers across India with a total capacity of about 300 megawatts. The company is building new facilities across Chennai, Mumbai and Kolkata, aiming to expand its capacity to 1 gigawatt in the next few years. In partnership with Google, Nxtra is also developing a gigawatt-scale data center in Visakhapatnam, a port city on India’s east coast, backed by a $15 billion investment announced last October. India is one of the region’s hottest data center markets, with Mumbai’s capacity increasing 42% to 768 megawatts last year, Chicago-based real estate consultancy Cushman & Wakefield said in a report last week. The country’s billionaires are tapping into the AI-driven boom in data centers. Reliance Industries—controlled by Asia’s richest person, Mukesh Ambani—and his fellow billionaire Gautam Adani’s Adani Enterprises are separately spending $100 billion each to build data centers and other digital infrastructure facilities in the next few years across India. Bharti Airtel, which has over 600 million mobile customers across South Asia and Africa, has also been scaling its data center footprint. Mittal, who has a real-time net worth of $13 billion, is the controlling shareholder of Bharti Airtel. He also holds a stake in Airtel Payments Bank, a joint venture with Kotak Mahindra Bank, which is controlled by fellow billionaire Uday Kotak. Read the full story on Forbes: By Yessar Rosendar https://www.forbes.com/sites/yessarrosendar/2026/03/31/billionaire-sunil-mittals-airtel-partners-to-invest-1-billion-in-indian-data-center-projects/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    6 m
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