Latest Jeff Bezos News
The $230 billion donor-advised fund industry gets an IRS hearing
WASHINGTON (AP) — Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes. Driving the debates are questions about...
Outside roles by NBC's Conde, others reveal a journalism ethics issue: being paid to sit on boards
NEW YORK (AP) — As NBC News Group chairman, Cesar Conde is already busy overseeing the network's broadcast and digital news operations, along with CNBC, MSNBC, Telemundo and NBC-owned local affiliates. Yet the executive also has a second paid job. And a third — as a member of...
What is next for billionaire philanthropist MacKenzie Scott's giving?
Much about billionaire philanthropist MacKenzie Scott’s giving remains a mystery, but those receiving grants from her recent open call for nonprofits do offer some insights, experts say. Scott's grants, announced in March, largely fall in line with her usual themes — with equity...
MacKenzie Scott donates $640 million, more than doubling her planned gifts to nonprofit applicants
Billionaire philanthropist and author MacKenzie Scott announced Tuesday she is giving $640 million to 361 small nonprofits that responded to an open call for applications. Yield Giving’s first round of donations is more than double what Scott had initially pledged to give away...
Humanoid robot-maker Figure partners with OpenAI and gets backing from Jeff Bezos and tech giants
ChatGPT-maker OpenAI is looking to fuse its artificial intelligence systems into the bodies of humanoid robots as part of a new deal with robotics startup Figure. Sunnyvale, California-based Figure announced the partnership Thursday along with $675 million in venture capital funding...
Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come
SEATTLE (AP) — Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion. The Amazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of...
