Jeff Bezos
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AI in an ‘Industrial Bubble,’ Poised to Benefit Society
Speaking at Italian Tech Week 2025, Amazon founder Jeff Bezos cautioned that AI is currently operating within an “industrial bubble,” characterized by inflated valuations and a disconnect between stock prices and underlying business fundamentals. He drew parallels to past speculative investment periods. However, Bezos also emphasized the “real” transformative potential of AI, predicting significant societal benefits, similar to the biotech boom of the 1990s. His remarks echo concerns from other business leaders like OpenAI’s Sam Altman and Goldman Sachs CEO David Solomon about the sustainability of AI valuations.
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Bezos Dumps 25 Million Shares for $5.8B, Splashes $40M on Wedding
Jeff Bezos has completed the sale of 25 million Amazon shares, netting roughly $5.7 billion, according to an SEC filing. The sales, part of a prearranged plan initiated earlier this year, concluded on July 24th. Bezos’s divestitures coincided with his recent wedding in Venice. Amazon’s stock has risen 38% since late April. He has a history of selling Amazon stock to fund ventures like Blue Origin and plans to sell more shares before January 2025. Bezos currently ranks third on the Bloomberg Billionaires Index.
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Bezos Ties the Knot Again, Venice Residents Protest
Jeff Bezos is set to marry Lauren Sanchez in Venice, Italy next week. The lavish wedding, planned by George Clooney’s wedding planners, will host 200 guests, including celebrities, and is expected to boost the city’s economy. However, the event has sparked protests from locals due to concerns about overtourism and its impact on Venice’s resources and infrastructure.
