What the HECK is a Photon?!

A photon is a purely quantum mechanical object representing the smallest piece of energy (or quanta) for light. Every quantum particle is a packet of energy though, so how do we tell photons apart from electrons, quarks, and neutrinos?

This Chinese Battery Company Has Produced More Billionaires Than Google Or Facebook | Forbes

A little-known but fast-growing Chinese maker of batteries for electric vehicles now has more billionaires on Forbes’ list than just about any other public company. A whopping nine billionaires have fortunes of $1 billion or more based on their stakes in Contemporary Amperex Technology (known as CATL). Shares of the firm, which supplies batteries to automakers including BMW, Volkswagen and Daimler’s Mercedes-Benz, have soared over 150% in the past year as demand for electric vehicles has heated up. CATL’s founder and chairman, 52-year-old Robin Zeng, is now the 47th-richest person in the world, worth $32.5 billion, more than triple the $9.7 billion fortune he sported in March 2020 when the Covid-19 pandemic crashed the market. Zeng owns around 25% of the company.

Other CATL executives have attained seriously large fortunes as well. Co-vice chairs Huang Shilin and Li Ping boast net worths of $14.7 billion and $6.6 billion, respectively; early investor Pei Zhenhua, who purchased a stake in 2015, is worth an estimated $8.5 billion. Zhao Fenggang (worth $2.4 billion), Wu Kai ($2.3 billion), Wu Yingming ($1.9 billion), Chen Qiongxiang ($1.8 billion) and Chen Yuantai ($1.3 billion) leapt onto the billionaires list for the first time in 2021. Four of the five hold various management roles at CATL, while Chen Qiongxiang is an early investor.

The amount of wealth produced—together the nine people are worth $72 billion—is a staggering feat for a decade-old company. Forbes has found eight billionaires each from tech giant Google and Facebook, while retailer Walmart has also produced eight billionaires—seven of whom are descendants of founder Sam Walton and his brother Bud Walton. A few family owned conglomerates—like agriculture giant Cargill—have spawned more billionaires due to the large number of heirs, but among publicly traded companies, only one other firm, Chinese soy sauce maker Foshan Haitian Flavouring & Food, has put nine people on Forbes’ billionaires rankings.

How The Artificial Intelligence Revolution Will Transform Billion-Dollar Industries | Forbes

The Forbes AI 50 list highlights the most promising private companies in the U.S. and Canada using artificial intelligence in meaningful ways and demonstrating real business potential from doing so. They span industries including construction, manufacturing, healthcare, business and customer services, transportation, cybersecurity, finance and maritime logistics.

Finalists were culled through a submission process that asked approximately 700 companies to provide details on their use of AI-enabled technology, business model, customers and financials including fundraising, valuation and revenue history (companies had the option to submit information confidentially, to encourage greater transparency). Forbes received nearly 400 submissions by the deadline.

From there, Konstantine Buhler and our data partner Sequoia Capital, with assistance from Meritech Capital, crunched the numbers and ranked companies based on metrics such as revenue gains, customer statistics, historical funding and valuation. A panel of expert AI judges evaluated 100 finalists to find the 50 most compelling companies. (They were precluded from judging applicants in which they might have a vested interest.) In addition to identifying companies that show traction and financial promise, the list is on the lookout for companies finding novel uses for AI and that prioritize diverse teams. That’s crucial as problems arise in the absence of diversity.

What Does An Atom REALLY Look Like?

From orbital mechanics to quantum mechanics, this video explains why we must accept a world of particles based on probabilities, statistics, and chance. Electrons, protons, and neutrons don’t behave the same way that planets and billiard balls do.