Sometimes, life gets harder—and there's no bailout coming. That was the message Charlie Munger delivered to a room full of students in 2010, long before "stimulus checks" became a household phrase. Munger, the billionaire vice chairman of Berkshire Hathaway and longtime business partner of Warren Buffett, was speaking at the Ross School of Business at the University of Michigan in a conversation moderated by CNBC's Becky Quick. The country was still reeling from the 2008 financial crisis, and public anger ...

OpenAI (OPAI.PVT) CEO Sam Altman on Thursday shot down the idea that the company is seeking some kind of government guarantee to protect it against failure. In a lengthy post on X, Altman denied that OpenAI wants or is seeking government guarantees for its data centers, saying, "We believe that governments should not pick winners or losers, and that taxpayers should not bail out companies that make bad decisions or otherwise lose in the market." The post came after OpenAI CFO Sarah Friar said that the com ...