The owner of Coachella was once dubbed 'America's most reclusive billionaire.' Meet Philip Anschutz, who's worth $15.3 billion.

Tech Insider
Philip Anschutz.
Philip Anschutz.

Harry How/Getty Images

  • Worth $15.3 billion, Philip Anschutz owns AEG, the parent company of Coachella.
  • In addition to entertainment, he built his fortune through commodities including oil and railroads.
  • In 2019, Forbes named Anschutz the richest person in the state of Colorado.

Coachella Valley Music and Arts Festival, the music event currently underway in Indio, California, is

Sports

US Navy warships shot down Iranian missiles with a weapon they've never used in combat before

Tech Insider
The guided missile destroyer USS Fitzgerald launches a Standard Missile-3 during a joint ballistic missile defense exercise in the Pacific Ocean Oct. 25, 2012.
The guided missile destroyer USS Fitzgerald launches a Standard Missile-3 during a joint ballistic missile defense exercise in the Pacific Ocean Oct. 25, 2012.

US Navy photo

  • US Navy warships fired SM-3s to intercept Iranian ballistic missiles last weekend.
  • Secretary of the Navy Carlos Del Toro confirmed the use of the SM-3 during a Tuesday hearing.
  • It's the first time that the exo-atmospheric

Truth Social says it’s building a live TV service

The Verge
Graphic photo illustration of Donald Trump.
Illustration by Cath Virginia / The Verge | Photos from Brandon Bell, Getty Images

Truth Social, the media firm owned by Donald Trump, has announced plans to create a live TV streaming service focused on “news networks” and “religious channels,” along with “content that has been canceled, is at risk of cancellation, or is being suppressed.”

The Trump Media and Technology

Telehealth firm Cerebral fined $7 million over ‘careless’ privacy violations

The Verge
Art rendering of transparent laptop in front of a wall of surveilling eyes.
Photo by Amelia Holowaty Krales / The Verge

The Federal Trade Commission (FTC) is proposing a $7 million fine against Cerebral, a mental telehealth firm that it says not only was careless with patients’ data but actively shared it with third parties for advertising purposes. The company and its CEO, Kyle Robertson, are also accused of lying to customers about how their data

Google will outpace Microsoft in AI investment, DeepMind CEO says

TNW News

We have all been guilty of falling under the foundation model spell of the past year-and-a-half, initiated by OpenAI’s unveiling of ChatGPT to the public. But it is not only where large language models (LLMs) such as GPT-4 are concerned that incredible progress has been made in the field of artificial intelligence. And one company has been behind more impressive milestones than most — DeepMind

Spotify bought Parcast — now its founder is launching a new entertainment studio

The Verge
Red background with a repeating pattern of white headphones.
Image: Getty Images

Parcast founder Max Cutler left Spotify last February as part of a wave of high-profile departures from its podcast vertical, and he’s now launching Pave Studios to create content across multiple formats. “Storytellers who successfully engage audiences and create fandoms through written, audio, and video content have led the charge in cultivating their