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In 2014, during an interview with Charlie Rose at the TED Conference, Google cofounder Larry Page made headlines with an unusual revelation. Page didn't point to traditional charitable foundations or heirs when asked about his thoughts on legacy and philanthropy. Instead, he floated the idea of leaving his wealth to Elon Musk , the tech visionary behind Tesla and SpaceX. Page's reasoning? Musk's bold mission to colonize Mars and "back up humanity." In the interview, Rose referenced past comments Page had made about this idea, asking for clarification. Don't Miss: Can you guess how many retire with a $5,000,000 nest egg? The percentage may shock you . The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market. According to the transcript on the Charlie Rose site, Rose said: "You once said – actually, I think I've got this about right – that you might consider, rather than giving your money to a cause, simply giving it to Elon Musk because you had confidence he would change the future." Larry Page replied: "He actually wanted to go to Mars – he wants to go to Mars to back up humanity." He elaborated, "It's a company and it's philanthropical. So I think, you know, we aim to do kind of similar things." Page then shifted focus to Google's culture of innovation, adding, "We have a lot of employees at Google who've become pretty wealthy ... A lot of people in there are pretty wealthy. You're working because you want to change the world and you want to make it better. So why isn't the company they work for worthy not just of your time, but your money as well?" For Page, Musk's ambitious goals aligned with his belief that companies, when run effectively, could drive revolutionary change. He elaborated, saying, "Lots of companies don't succeed over time. They usually miss the future ... I try to focus on that: What is the future really going to be? And how do we create it?" See Also: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones – invest today with $1,000 for just $0.26/share Page and Musk once shared a close friendship. Musk frequently stayed at Page's house during visits to Silicon Valley and their shared passion for pushing technological boundaries made them natural allies. Their camaraderie landed them on Fortune's 2016 list of "Business Leaders You Didn't Know Were BFFs." Musk even attempted to sell Tesla to Google for $11 billion, according to Ashlee Vance’s biography, “Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future.” The two friends actually both agreed to the deal via handshake, but called it off once Tesla "no longer needed a savior." However, their relationship reportedly soured around 2013. Musk's growing concerns about the dangers of artificial intelligence clashed with Page's more optimistic outlook. At Musk's birthday party that year, the two had a heated debate about AI. Page allegedly called Musk a "speciesist" for prioritizing human interests over other forms of intelligence. Trending: This rooftop wind turbine is taking on a market projected to reach over $900 billion by 2032 — With already over 40,000 users signing up to purchase, here's a chance to be an early investor today! The tension grew after Musk cofounded OpenAI, a nonprofit ensuring AI safety , which was seen as a direct challenge to Google, which had acquired DeepMind, a leading AI company. Musk even tried to dissuade DeepMind's CEO from selling to Google, further straining their relationship. But despite their falling out, Musk has recently desired to mend fences. In a 2023 podcast with Lex Fridman, Musk said, "I would like to be friends again with Larry. I haven't seen him in ages. We were friends for a very long time." However, he acknowledged that Page might not feel the same, noting, "He doesn't want to talk to me anymore." Larry Page's 2014 remarks about leaving his fortune to Elon Musk reflect his belief that revolutionary change outweighs incremental progress. While the future of their friendship remains uncertain, both Page and Musk continue to be key players in shaping the future of technology – and maybe even humanity. Read Next: Studies show 50% of consumers think Financial Advisors cost much more than they do — to debunk this, this company provides matching for free and a complimentary first call with the matched advisor. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – You can still get 4,000 of its pre-IPO shares for with $1,000 for just $0.26/share © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Jaylen Brown scores 29 points before Celtics beat Timberwolves 107-105 with late defensive stand
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Taiwan blocks Uber’s $950 million Foodpanda deal over competition concernsPalantir Technologies Inc. ( NASDAQ:PLTR – Get Free Report ) shares hit a new 52-week high during trading on Monday . The stock traded as high as $82.02 and last traded at $78.45, with a volume of 27824266 shares trading hands. The stock had previously closed at $80.55. Wall Street Analyst Weigh In A number of research firms have commented on PLTR. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Bank of America lifted their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Northland Securities upped their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Mizuho lifted their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Finally, Wedbush increased their price objective on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.00. Check Out Our Latest Report on Palantir Technologies Palantir Technologies Price Performance Palantir Technologies ( NASDAQ:PLTR – Get Free Report ) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current year. Insiders Place Their Bets In other news, insider Stephen Andrew Cohen sold 416,053 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $74.17, for a total value of $30,858,651.01. Following the transaction, the insider now directly owns 592 shares in the company, valued at $43,908.64. The trade was a 99.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Shyam Sankar sold 5,250,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now owns 752,786 shares of the company’s stock, valued at $52,755,242.88. This represents a 87.46 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 31,351,045 shares of company stock worth $1,710,644,202 over the last three months. 12.93% of the stock is currently owned by company insiders. Hedge Funds Weigh In On Palantir Technologies Hedge funds and other institutional investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. purchased a new stake in Palantir Technologies in the 2nd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth about $25,000. Prestige Wealth Management Group LLC boosted its stake in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Palantir Technologies during the 2nd quarter valued at approximately $30,000. Finally, Ashburton Jersey Ltd purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $36,000. Institutional investors own 45.65% of the company’s stock. Palantir Technologies Company Profile ( Get Free Report ) Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. Recommended Stories Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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