NUOVOBillionaire Buys Half a Tech Fund: $125M and a 30-Year Friendship
Who knew a three-decade friendship could be worth $125 million? For one Canadian billionaire, it certainly is.
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Wednesday, August 5, 2026
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NUOVOWho knew a three-decade friendship could be worth $125 million? For one Canadian billionaire, it certainly is.

OpenAI's party might be over before it even started. Apple just sued them, right when talk of a massive IPO was heating up.

SoftBank is shaking up its multi-billion-dollar investment arm. They've tapped a Wall Street veteran to oversee the Vision Fund's finances.

Who said studying doesn't pay off? Four Italian friends just proved them wrong, turning their app startup into an empire and, now, a billionaire's club.
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Picture a summer camp, but for tech and media billionaires. This year, their favorite topic isn't golf, it's something far more... intelligent.

Despite all the talk of going solo, Apple just locked in a key partnership. Broadcom will keep supplying custom chips for their gadgets for years to come.
Imagine holding a golden ticket to the world's hottest lottery, then a bureaucratic blunder makes it slip through your fingers. That's exactly what happened to a group of Korean investors.
While tech startups worldwide are pinching pennies, Abu Dhabi just flipped the table: $50 billion dumped into a single AI fund to own the infrastructure game. This isn't billionaire boredom money — it's the move that could reshape who controls artificial intelligence on the planet.

Picture a handful of Silicon Valley billionaires dumping $27 million into a tiny local election in New York—not to run for office themselves, but just to push their tech agenda. It's happening right now, and the craziest part? They're doing it through AI-funded super PACs.

While everyone's arguing about which AI is smarter, Musk figured out something simpler and way more profitable: whoever controls the servers runs the show. SpaceX just inked a multibillion-dollar deal to power up Reflection AI, meaning Elon isn't just playing with satellites anymore—he's become the gas station for the entire AI industry.

As we speak, orders for SpaceX's IPO are piling up like a weekend sale at a tech store, and the numbers are solid enough to make investment managers start checking their bank accounts. This isn't just another stock offering—it's the moment when everyone realizes that private rockets aren't just billionaire fantasy anymore.