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☆ Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
▼ + stars: | 2024-05-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing her total stock sales this year to more than $50 million. Former Tesla Senior Vice President Drew Baglino, who announced his resignation in mid-April, sold shares worth around $181.5 million soon after his departure, according to a filing. In Denholm's early years on the Tesla board, she served on the audit committee. Before joining the Tesla board, Denholm served in executive roles at Sun Microsystems, and in finance roles at Toyota in Australia and at accounting firm Arthur Andersen. In her opinion, Chancellor Kathaleen McCormick wrote that by serving on Tesla's board, Denholm received "life-changing" compensation, which "far exceeded the compensation she received from other sources."

Persons: Robyn Denholm, Tesla, Denholm, Drew Baglino, Kathleen Wilson, Thompson, Elon Musk, hasn't, Musk, Arthur Andersen, —, Chancellor Kathaleen McCormick Organizations: Tesla Inc, American, of Commerce, Tesla, SEC, Sun Microsystems, Toyota Locations: Australia, Sydney, what's, Delaware

☆ Vinod Khosla and Palantir's Jacob Helberg call on Senate to ban TikTok: It's 'a weapon of war'
▼ + stars: | 2024-04-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Investor Vinod Khosla and Palantir advisor Jacob Helberg penned an open letter Thursday calling on Senators to pass a bill that would force the divestiture of Bytedance-owned TikTok in the U.S. Describing the social media platform as "a weapon of war," Helberg and Khosla compared the bill to decades-old restrictions on foreign ownership of U.S. media outlets. Some critics have compared the ban to a bill of attainder, given that it singles out one company. The company mobilized its user base in opposition of the House bill, urging its millions of users to call their congressional representatives and voice their opposition. TikTok CEO Shou Zi Chew has also been lobbying D.C. lawmakers against a ban, meeting with Sen. John Fetterman, D-Pa., in March.

Persons: Vinod Khosla, Jacob Helberg, Khosla, Helberg, Shou Zi Chew, Sen, John Fetterman Organizations: CNBC, House, Khosla Ventures, Sun Microsystems, U.S . Department of Defense, Valley, TikTok Locations: North Korea, Iran, U.S, Hill

☆ Daniel C. Lynch, Founder of Major Computer Exhibition, Dies at 82
▼ + stars: | 2024-03-31 | by ( Katie Hafner | ) www.nytimes.com time to read: +1 min

Daniel C. Lynch, a computer network engineer whose exhibitions on networking equipment helped accelerate the commercialization of the internet in the 1980s and ’90s, died on Saturday at his home in St. Helena, Calif. His death was confirmed by his daughter Julie Lynch-Sasson, who said he had been suffering from kidney failure. In the mid-1980s, when the internet was still the domain of academia and the government, Mr. Lynch was a computer facility manager who played a key role in the early years of data networking. Although the internet was very small and restricted to noncommercial use, Mr. Lynch was convinced of its ultimate commercial potential. Image Daniel C. Lynch in an undated photograph.

Persons: Daniel C, Lynch, Julie Lynch, Sasson, Ziff Davis, ” Organizations: Cisco Systems, Sun Microsystems, of Fame Locations: St . Helena, Calif

☆ SEC settles insider trading charges against Andy Bechtolsheim, co-founder of Arista, Sun Microsystems
▼ + stars: | 2024-03-26 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Andreas "Andy" Von Bechtolsheim, co-founder of Arista Networks Inc., speaks during a Bloomberg West television interview in San Francisco, California, U.S., on Thursday, May 2, 2013. Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks , has reached a settlement with the SEC on insider trading charges that will cost him close to $1 million and bars him from serving as a public company officer or director for five years. Cisco announced its agreement to buy networking company Acacia for $70 per share in a $2.6 billion deal, driving Acacia's stock up 35%. "While the SEC announcement did not involve any trading in Arista securities, Arista takes compliance to the company's code of conduct and insider trading policy seriously," an Arista spokesperson told CNBC in an email. Bechtolsheim, who lives in Incline Village, Nevada, co-founded Arista in 2004 and took the company public a decade later.

Persons: Andreas, Andy, Von Bechtolsheim, Andy Bechtolsheim, Bechtolsheim, Bechtolsheim confidentially, didn't, Scott McNealy, Vinod Khosla, Bill Joy Organizations: Arista Networks Inc, Bloomberg West, Sun Microsystems, Arista Networks, SEC, Acacia Communications, Cisco, Arista, Acacia, Bechtolsheim, CNBC, Oracle, Sun Locations: San Francisco , California, U.S, San Jose , California, Incline Village , Nevada

☆ These executives say psychedelics like LSD and MDMA made them better managers — and transformed how they think about fulfilling work
▼ + stars: | 2024-03-21 | by ( Rachel Nuwer | ) www.businessinsider.com time to read: +13 min

Siskind is one of a growing number of entrepreneurs and executives seeking out psychedelics — including LSD, psilocybin mushrooms, ayahuasca, and MDMA — for work-related inspiration and guidance. AdvertisementA Manhattan psychedelic sound bathSarah Rose Siskind says one year after her psychedelic-induced revelation, work is going better than ever. When Siskind arrived at work on Monday, she called a staff meeting to share the company's new value-oriented direction. While Zillmer's breakthroughs came in Peru and with ayahuasca, these types of retreats for business professionals are popping up all over and with a variety of psychedelics. Beyond bottom linesThe location where Kiyumí Retreats will host a psychedelic retreat for business professionals later this year.

Persons: —, Sarah Rose Siskind, she'd, I'd, psychedelics, Steve Jobs, Mike Bryk, Siskind, David Luke, psychedelics Henrik Zillmer, Michael Costuros, Henrik Zillmer, Zillmer, It's, John Gilmore, Gilmore, Gül, Dölen, Isabel Wiessner, AirHelp, Kiyumí, Bennet Zelner, Zelner, they'd, John Allison, Allison Organizations: Service, Business, University of Greenwich, Sun Microsystems, University of California, Federal University of Rio, University of Maryland Locations: New York City, Silicon, Peru, Mexico, Noho, Manhattan, Bay, London, Berlin, Berkeley, Federal University of Rio Grande de Norte, Brazil, Netherlands, Brooklyn

☆ One of Wall Street's favorite investment vehicles turns 25 years old
▼ + stars: | 2024-03-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

One of Wall Street's favorite investment vehicles turns 25 years old on Sunday, but shows no signs of fading to the background as it ages. One of the main conversation points around the 2023 rally for the QQQ, and the entire U.S. market, is the dominance of just a handful of key stocks. Over the years, many key stocks have left the fund, including former top performers like Nextel Communications and Sun Microsystems, which were bought out. Related plays Competition in the ETF industry for the QQQ has expanded dramatically over the past quarter century, including from other Invesco funds. That fund is less than four years old but has already surpassed $20 billion in total assets.

Persons: Wall, Ryan McCormack, McCormack, Todd Sohn Organizations: Nasdaq, Qs, Microsoft, Intel, Qualcomm, Nvidia, Broadcom, Nextel Communications, Sun Microsystems, Pepsico, Amgen Locations: United States, U.S

☆ Nvidia Is a Must-Buy. Or Is It?
▼ + stars: | 2024-02-22 | by ( Joe Rennison | ) www.nytimes.com time to read: +1 min

In 2002, after the dot-com bubble burst and Sun Microsystems swooned, the company’s co-founder Scott McNealy highlighted the folly of Wall Street analysts who favored one particular financial metric to gauge a stock’s worth: its price relative to the company’s sales. Mr. McNealy was musing about the “price to sales” ratio — an important measure of a company’s value relative to how much cash it generates. A high ratio can be justified if investors think a company has room to grow; a low ratio typically signals that investors think the company is accurately valued. Even if Sun passed on every dollar it was making at the time to investors, it would have taken them a decade to recover their investment. “Do you realize how ridiculous those basic assumptions are?” Mr. McNealy told Businessweek.

Persons: Scott McNealy, McNealy, Sun Organizations: Sun Microsystems, Street, Businessweek

☆ Billionaire VC Vinod Khosla was one of the first investors in OpenAI. Now he thinks most AI startups have become way overvalued.
▼ + stars: | 2023-10-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: +5 min

Instead of AI, Khosla says he is "making lots of fundamental investments in esoteric areas." Funding for AI companies climbed 27% globally in the third quarter compared to the year before even as overall deals for startups fell 31%, according to PitchBook data compiled for Bloomberg. (seeking a valuation of more than $5 billion), Hugging Face ($4.5 billion valuation) or Adept (reported $1 billion valuation). The firm invested earlier this year in Replit, a generative AI tool for software development, at a $1.16 billion post-money valuation. There is also OpenAI itself, which arguably has benefited as much as any startup from the AI hype.

Persons: OpenAI, Vinod Khosla, Khosla, Kleiner Perkins Caufield, Byers, Kleiner Perkins, – Khosla Organizations: Khosla Ventures, Sun Microsystems, AMD, Juniper Networks, Forbes, Street, Tech, Bloomberg, Anthropic Locations: Silicon Valley, Laguna Beach, Replit

☆ Oracle founder Larry Ellison makes first-ever trip to Microsoft headquarters for cloud announcement
▼ + stars: | 2023-09-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, the co-founder, chairman and chief technology officer of Oracle , has been going up against Microsoft to in database software for more than 30 years. He has also had to deal with clients looking to connect their Oracle and Microsoft products. Putting the Oracle equipment in Azure data centers means that applications will be able to quickly access data from the databases. Nadella said the new collaboration might help companies more quickly move their workloads from their existing data centers to the public cloud. But Ellison controls 42% of Oracle's outstanding shares, while Gates owns just over 1% of Microsoft stock, according to FactSet.

Persons: Larry Ellison, Bill Gates, Monfils of, Alexander Zverev of, Satya Nadella, Ellison, It's, Nadella, haven't, Paul Allen, Gates, McNamee Organizations: Oracle, Microsoft Co, BNP, Microsoft, Bing, Sun Microsystems, Windows, U.S . Justice Department, Bloomberg, Partners Locations: Alexander Zverev of Germany, Indian Wells, Calif, Seattle, Redmond, Washington

WASHINGTON (AP) — Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest U.S. antitrust trial in a quarter century. If he decides Google broke the law, another trial will decide what steps should be taken to rein in the Mountain View, California-based company. Political Cartoons View All 1152 ImagesGoogle counters that it faces a wide range of competition despite commanding about 90% of the internet search market. One possibility is that the company could be forced to stop paying Apple and other companies to make Google the default search engine on smartphones and computers. Distracted, the software giant struggled to adapt to the impact of internet search and smartphones.

Persons: Judge Amit Mehta, Sundar Pichai, Larry Page, Eddy, Trump, Microsoft's Bing, Andy Bechtolsheim, Page, Sergey Brin, Justice Department's, litigator Kenneth Dintzer — Organizations: WASHINGTON, Google, Inc, Apple, Justice Department, Firefox, Regulators, Sun Microsystems, Microsoft, Netscape, Justice Locations: , California, Silicon

The U.S. government is taking aim at what has been an indomitable empire: Google’s ubiquitous search engine that has become the internet’s main gateway. That's what happened to Microsoft after its antitrust showdown with the Justice Department: Distracted, the software giant struggled to adapt to the impact of internet search and smartphones. From Google's perspective, the perpetual improvements explain why most people almost reflexively gravitate to its search engine, a habit that long ago made “Googling” synonymous with looking things up. The Justice Department contends Google's claim that it dominates the market by supplying the best search engine is a canard. Google insists that consumers could easily switch their default settings to another search engine.

Persons: Judge Amit Mehta, Sundar Pichai, Larry Page, Eddy, Mehta isn’t, Sergey Brin, Andy Bechtolsheim, Page, Brin, Trump, Microsoft's Bing, Bing Organizations: Washington D.C, Microsoft, U.S, Google, Stanford University, Sun Microsystems, Inc, Apple, Justice Department, U.S . Justice Department, Yelp, Department, Firefox, Regulators Locations: Washington, , California, Silicon, Colorado

☆ AI will eventually free people up to 'work when they want to,' ChatGPT investor predicts
▼ + stars: | 2023-03-30 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

The future of AI could "free humanity" from work, according to OpenAI investor Vinod Khosla. "This large transformation is the opportunity to free humanity from the need to work. People will work when they want to work on what they want to work on," Khosla told Semafor. Back in 2014, Khosla told Semafor, he started thinking about a future with AI, even predicting that eventually most media would be created by AI in the future and that AI will disrupt teaching. AI jobs in tech, mathematics, accounting, and communication fields will be especially at risk, the researchers found.

☆ Where Paul Wick, seasoned tech stock investor, is raising his bets now
▼ + stars: | 2023-03-12 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

So when a position opened up at the Seligman Communications and Information fund, the firm's then-chief investment officer asked Wick to take it over. Today, the Columbia Seligman Technology and Information fund (CCIZX) that Wick began running on New Year's Day in 1990, has $8.5 billion in assets under management. "It's really hard to guess how will the technology industry change in five years. By now, Wick has relationships going back decades in the tech industry. As of January, the Technology and Information fund held 2.96% of its assets in Bloom, up from 2.36% in October.

☆ Silicon Valley is coming for your gut biome
▼ + stars: | 2022-12-23 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +8 min

SAN FRANCISCO — Cryptocurrency hasn’t worked out so well for tech investors. As a consumer product, supplements are associated more with the Kardashians or Joe Rogan than with Silicon Valley. Roelof Botha, the managing partner of Sequoia Capital, one of the largest venture capital firms in the world, is among those buying in. He said there’s a “societal reawakening” about the complex biome of the human gut where hundreds of species of bacteria live. She co-wrote a review of the science this year, and said future probiotic supplements have promise compared to supplements that have been available for decades.

☆ New San Francisco clubhouse represents a milestone moment for executive women in tech
▼ + stars: | 2022-11-26 | by ( Jennifer Elias | ) www.cnbc.com time to read: +6 min

Executive women platform Chief opened a new clubhouse in San Francisco this week. ‘Sense that this is a first'On the opposite coast, a counterpart executive clubhouse just opened in San Francisco and it holds great meaning beyond its four walls. Chief's San Francisco clubhouse includes a full-service bar. A month after the San Francisco Chief club's opening, women say they already see it as a milestone moment that represents more than just a new building. “It’s interesting coming full-circle and it feels long overdue.”Executive women platform Chief opened a new clubhouse in San Francisco this week.

☆ Investor Vinod Khosla says focusing on 2030 climate targets is the wrong approach
▼ + stars: | 2022-10-25 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +7 min

Why Khosla thinks short-term goals are a mistakeFocusing on "short term goals will force us to deploy suboptimal technology," Khosla told CNBC. And if it doesn't do that, it's the wrong technology," Khosla told CNBC. Nuclear fusion is one example of the kind of breakthrough technology Khosla considers critical, but which will not be commercialized by 2030. "But I'm not interested in today's geothermal, because it is such a niche — it doesn't scale," Khosla told CNBC. And that's what we need," Khosla said.

☆ Silicon Valley's not-so-secret thing for turning everyone into millionaires is angel investing. Here's how they do it.
▼ + stars: | 2022-10-11 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +10 min

Once only for the superrich, angel investing is now open to anyone with a few thousand dollars. With an estimated 360,000 active angel investors, it's become a favorite pastime in Silicon Valley. "It felt like gambling," David Spreng, a veteran venture-debt investor who's been angel investing as a side hustle for more than a decade, said. He wrote his first angel check shortly thereafter, a $1,000 investment in an electric-aircraft maker. The currency of Silicon Valley"Your currency, for lack of a better term, in Silicon Valley is you either started a company or you angel invest, right?"

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