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'Bad outcomes': Indian-origin billionaire Vinod Khosla blasts Ro Khanna, Bernie Sanders over Silicon Valley intentions
PoliticsTimes of India3mo ago

'Bad outcomes': Indian-origin billionaire Vinod Khosla blasts Ro Khanna, Bernie Sanders over Silicon Valley intentions

Indian-origin billionaire Vinod Khosla has strongly criticized US lawmakers Bernie Sanders and Ro Khanna. He called them 'morons' for warning about artificial intelligence's potential dangers. Khosla believes their concerns, driven by socialist or communist ideologies, will halt AI's beneficial advancements. These include breakthroughs in medicine, clean energy, and economic productivity.

Vinod Kambli's Wife Denies Health Rumors
HealthYahooTimes of India1mo ago2 sources

Vinod Kambli's Wife Denies Health Rumors

Andrea Hewitt, wife of former cricketer Vinod Kambli, has publicly dismissed recent reports regarding her husband's health. She labeled the circulating information as "false."

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people
BusinessBusiness Insider3mo ago

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people

Vinod Khosla says stock prices aren't the way to evaluate AI bubbles. Mert Alper Dervis/Anadolu via Getty Images Vinod Khosla says the rise of AI might warrant steeper taxes on capital and none for most workers. The billionaire VC wrote on X that AI displacing workers could shrink the labor part of the economy. Khosla wrote that some popular tax breaks were "special interest goodies" and not "true capitalism." If artificial intelligence eliminates millions of jobs, it might make sense to scrap income taxes for the vast majority of Americans and target capital instead, Vinod Khosla says. "AI will transform economies and need a rethink of capitalism & equity," the billionaire venture capitalist wrote in an X post on Monday. "Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income?" Khosla — who cofounded Sun Microsystems and made the first VC investment in OpenAI — was making the point that AI replacing labor on a grand scale might warrant greater taxes on assets such as stocks and real estate. The veteran financier, who founded Khosla Ventures after leaving Kleiner Perkins, attached a video highlighting some of the jobs that could be taken by AI, from accountants and therapists to truck drivers and chip designers. AI will transform economies and need a rethink of capitalism & equity. Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income? 40% of capital gains taxes are paid by those with… pic.twitter.com/7oSA9xj5Ko — Vinod Khosla (@vkhosla) February 16, 2026 Khosla said in a follow-up post that ramping up taxes on capital would generate so much revenue that the government could scrap taxes for most of the roughly 150 million US taxpayers. "Could easily eliminate bottom 125 million taxpayers from the tax rolls and be revenue neutral at the same time with a capital gains tax equal to ordinary income and a few other tweaks," he wrote. He added that tax breaks such as carrying over tax losses and tax-free borrowing against unrealized gains — which he called a "true abuse!" — are "special interest goodies inserted by lobbyists and campaign contributions, not true capitalism." Khosla didn't address common critiques of higher taxes, including that they can discourage entrepreneurship and investment, that collecting them can be tricky, and that wealthy people may leave the country to avoid them. Khosla has previously underscored that the advent of AI may require sweeping policy changes. He estimated in late 2024 that in 25 years' time, AI could be doing 80% of the work in 80% of all jobs, and universal basic income might be needed to compensate for job destruction. "As AI reduces the need for human labor, UBI could become crucial, with governments playing a key role in regulating AI's impact and ensuring equitable wealth distribution," he wrote on his firm's website. Khosla isn't alone in predicting AI will change the fabric of society. Elon Musk suggested late last year that work could become "optional" and money might become "irrelevant" if advances in AI and robotics generate abundant resources for all. Moreover, the Tesla and SpaceX CEO recently said that retirement savings may not be needed in 10 or 20 years, as everyone might have "whatever stuff they want." However, skeptics such as Michael Burry of "The Big Short" fame have cautioned the AI boom is a speculative bubble, tech companies are overinvesting in microchips and data centers that will quickly become obsolete, and true AI is further away than many think. Read the original article on Business Insider

Trump Threatens Iran with Attacks and Oil Seizure Amid Escalating Tensions
WorldBBCbloombergNYT+61FTAl Jazeerayle-uutisetcbchelsingin-sanomatruvtagesschaufaz+53 more1d ago64 sources

Trump Threatens Iran with Attacks and Oil Seizure Amid Escalating Tensions

Donald Trump has threatened Iran with strong attacks and claimed the US is extracting Iranian oil, stating that the ceasefire with America has become meaningless, as the US also sanctioned individuals linked to Iran's missile network.

Prasad Corp Aims to Make India a Global Film Restoration Hub
Culturevariety2mo ago

Prasad Corp Aims to Make India a Global Film Restoration Hub

Prasad Corp is leading an initiative to transform India into a global hub for film restoration, working on titles like Mahesh Babu’s ‘Athadu,’ Vidhu Vinod Chopra films, and Hollywood classics such as ‘My Fair Lady’ and ‘West Side Story.’