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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenGov CEO Zac Bookman: Our mission is to power more effective and accountable governmentZac Bookman, OpenGov co-founder and CEO, and Joe Lonsdale, OpenGov co-founder and chairman emeritus and 8VC founding partner, join 'Squawk Box' to discuss news of Cox Enterprises buying OpenGov in a deal that values the company at nearly $2 billion, the mission of the company, what's next for the duo, and more.
Persons: Zac Bookman, OpenGov, Joe Lonsdale, what's Organizations: Cox Enterprises
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe AI boom has been accompanied by AI lawsuits filed by content owners like The New York Times against big AI companies like Open AI. That was when we had lawsuits like Metallica vs Napster , or MGM vs Grokster , or Arista vs. Lime Group . And when Congress proposed laws like PIPA and SOPA , and when music labels and Hollywood studios were trying to get broadband companies to help them stop illegal downloads . Turns out, things are not so settled, and the music labels are still arguing — successfully, apparently, — that broadband companies can be held liable for bad behavior enabled by their broadband.
Persons: , Cox Organizations: Service, New York Times, Napster, Reuters, Business, Cox Communications, U.S, Circuit, Cox Enterprises, Sony Music Entertainment, Warner Music Group, Universal Music Group, Metallica, MGM, Arista, Lime, Hollywood Locations: Richmond , Virginia, Virginia
Here are some who got burned by Theranos, from the Walton family to Rupert Murdoch. Rupert Murdoch invested $125 million in Theranos. Julio Cortez/APThe DeVos familyThe DeVos family, who are heirs to the Amway empire and includes former US Secretary of Education Betsy DeVos, poured $100 million into Theranos. Joshua Roberts/ReutersThe Cox familyTheranos also got $100 million from the Atlanta-based billionaire Cox family, which owns the media and automotive company Cox Enterprises. The Cox family was the eight-wealthiest in the US as of 2020, with a net worth of $34.5 billion at the time, according to Forbes.
Persons: Elizabeth Holmes, Theranos, Walton, Rupert Murdoch, Holmes, Ramesh, Sunny, Balwani, Forbes —, Murdoch, Julio Cortez, Betsy DeVos, they're, Joshua Roberts, Cox, Carlos Slim Carlos Slim, América, Andreas Dracopoulos, Stavros Niarchos, Robert Kraft, It's, Kraft, Tom Brady, Matt Slocum, Alan Eisenman Alan Eisenman, Eisenman Organizations: Morning, Wall Street, Walmart, Forbes, Rupert Murdoch Media, Street, Amway, Cox Enterprises, Stavros Niarchos Foundation, Robert Kraft New England Patriots, Bloomberg, New England Patriots, CBS Locations: Theranos, Atlanta, Latin America, Mexico, FTX
Here's how EV batteries can be given a second life
  + stars: | 2023-03-29 | by ( Sydney Boyo | ) www.cnbc.com   time to read: +6 min
China also accounts for over 70% of global EV battery production capacity, meaning the U.S. is heavily dependent on imports of batteries and battery minerals. It estimates that the lifetime of an EV battery is around 12 to 15 years in moderate climates. The company now has over 400 employees and offers what it calls a "one-stop solution" for used and faulty EV batteries. The company wouldn't disclose the number of battery packs it's capable of storing but said it handles on average 15 thousand battery packs and modules per month. "When I think about the future of EV battery recycling specifically, I see it as an increasingly competitive space," Malloy said.
Semafor news platform launches
  + stars: | 2022-10-18 | by ( Helen Coster | ) www.reuters.com   time to read: +2 min
That structure is designed to address issues such as a trust deficit between the public and the press, and some readers' inability to distinguish between facts and analysis, said Semafor Executive Editor Gina Chua in an interview Monday. That funding will take Semafor to the end of 2023 and into 2024, according to chief executive officer Justin Smith. At launch, Semafor said that 75% of its revenue will come from advertising and 25% from event sponsorships. Some news organizations such as Axios have had success luring readers with shorter, unconventional formats. Register now for FREE unlimited access to Reuters.com RegisterReporting by Helen Coster in New York, Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.
Semafor has been preparing for its launch since January, when former New York Times media columnist Ben Smith and former Bloomberg Media Chief Executive Officer Justin Smith quit their jobs to start the venture. The Smiths will take lessons learned from more than 20 years in digital media to steer Semafor into what they hope will be a global, profitable business. Still, advertising-supported digital media is a sector known for recession droughts and low growth — with plenty of cautionary tales. Semafor will immediately stand out from legacy news publications such as The New York Times, The Wall Steet Journal or CNN.com through its unique article structure. To solve for information overload, a key flaw in the current media ecosystem, according to Justin Smith, outside media analysis will be truncated and found in the Notable section.
Jeffrey Katzenberg and his WndrCo partner Sujay Jaswa are betting big on VPNs and other cybersecurity tech. WndrCo has $1.7 billion in net asset value and is looking for companies that can change the world. The company has acquired or invested in VPNs including Super Unlimited, a top app on Apple's App Store. Like everyone else in the global workforce, Jeffrey Katzenberg and Sujay Jaswa, his investing partner at venture firm WndrCo, use Zoom to connect. WndrCo made several other VPN acquisitions, ultimately merging them into a single cybersecurity venture called Aura, in which WndrCo is a significant stakeholder.
The company has created "Semaform," a way to separate news and opinion in articles. Semafor, the hotly anticipated media startup that grabbed industry attention before it even launched, is finally here. Led by former Bloomberg Media CEO Justin Smith and former New York Times media columnist and BuzzFeed News editor-in-chief Ben Smith, the outlet began publishing Tuesday morning with the lofty ambition of "solving certain significant news consumer frustrations," Justin Smith told Insider. "We have a long runway through 2023 and moving into 2024 on a revenue front and a cost front," Justin Smith said. Overall, the target readership is "very much the news omnivore" and people who are "opinion leaders" in business, finance, and tech, Justin Smith said.
Katzenberg, a co-founder of DreamWorks and former chairman of Walt Disney Studios, founded another high-profile media venture, Quibi, in 2018. Jeffrey Katzenberg: Our areas of focus when we started were software as a service, best-in-class digital technology, and consumer technology. And then we recognized that digital media wasn't actually going to be successful for us, or frankly for anybody else. What's your outlook at the moment for traditional media companies, big tech, and streaming? What's the right sequencing, what's the right windowing, where's the greatest value creation coming for all parties involved — that's the testing that's going on.
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