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☆ WeWork's end, Neumann's return? Who's left holding the bag, and what comes next
  + stars: | 2023-11-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeWork's end, Neumann's return? Who's left holding the bag, and what comes nextWeWork took us on a wild ride. A real estate company disguised as a tech startup, holding long-term leases and turning them around for short-term rentals. And Adam Neumann's particular blend of salesmanship, cult personality, and huge risk-taking only added to the fire. This week on Tech Check, we dig into WeWork's next chapter – who's left holding the bag after the implosion, and what comes next.
Persons: Who's, WeWork, Adam, Adam Neumann, – who's Organizations: Tech Locations: WeWork's
☆ Trump rambled so much in a NY fraud-case deposition, a lawyer griped, 'we're going to be here until midnight'
  + stars: | 2023-08-31 | by ( Sonam Sheth | Laura Italiano | ) www.businessinsider.com   time to read: +5 min
Trump gave long-winded answers while being deposed in NY AG Letitia James' financial-fraud lawsuit. "We're going to be here until midnight," one of the AG's lawyers worried out loud. "Chris," Wallace responded, "we're going to be here until midnight if your client answers every question with an eight-minute speech." Trump told the lawyer he paid off all the loans that he took out from banks to pay for his properties. When I get sued by you — fortunately, I don't need banks," Trump continued.
Persons: Trump, NY AG Letitia James, Donald Trump, Letitia James – who's, fraudster, couldn't, James, Cortez, Michael Cohen's, Chris Kise, Kevin Wallace, Chris, Wallace, winder, Kise, — Organizations: NY AG, Service, New York, Trump Organization, Trump, Trump National Doral Golf Locations: Wall, Silicon, Alexandria, United States, New York, Miami
☆ Meet the contrarian VC: Why Mayfield's Navin Chaddha is writing more checks than ever before while other investors pull back
  + stars: | 2023-07-26 | by ( Vishal Persaud | ) www.businessinsider.com   time to read: +5 min
The longtime VC firm just announced a new $250 million seed fund focused on AI. In tough economic times, the firm's leader, Navin Chaddha, believes it's a prime time to invest. That has essentially been Navin Chaddha's mantra since he took over the reins at venture-capital stalwart Mayfield Fund in 2009. With a dedicated $250 million AI seed war chest, Mayfield is now prepared to lean in even more. "We believe that AI will emerge as our teammate and that the Gen.AI wave will create many iconic companies," Chaddha said in a press release.
Persons: Mayfield, Navin Chaddha, it's, Navin, that's, Chaddha, – who's, Forbes, –, Vijay Reddy, Reddy Organizations: VC, Mayfield Fund, Mayfield, Tiger, Insight Partners, Clear Ventures, Intel Capital, Wing Venture Locations: Bessemer, Sequoia
☆ Tech bros and Wall Street billionaires are indulging anti-vaxxer RFK Jr.'s presidential dreams
  + stars: | 2023-07-19 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Silicon Valley and Wall Street stars are indulging Robert F. Kennedy Jr.'s presidential campaign. RFK Jr. has said that vaccines cause autism – and the White House recently blasted him for sharing anti-Semitic conspiracy theories. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. This isn't the first time parts of Wall Street and Silicon Valley have backed an anti-establishment firebrand. In both 2016 and 2020, big names like venture capitalist Peter Thiel and Blackstone CEO Stephen Schwarzman backed Republican candidate Donald Trump.
Persons: Robert F, Kennedy Jr, Jack Dorsey, SPAC, Chamath Palihapitiya, Bill Ackman, Kennedy, Jr, Twitter's, who's, Bill Ackman – who's, Jamie Dimon, –, Ken Fisher, Mark Gorton, Chamath, David Sacks, Palihapitiya, Ackman, he'd, Peter Thiel, Stephen Schwarzman, Donald Trump Organizations: Twitter, RFK, White House, Service, CIA, Democratic, Pershing Square Capital Management, Fisher Investments, Research, CNBC, vax, Children's Health Defense, PayPal, Blackstone, Republican Locations: Silicon, Wall, Silicon Valley
☆ The biggest hedge fund in the world says ChatGPT was able to pass its investment associate test - and it's like 'having millions of them at once'
  + stars: | 2023-07-06 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
ChatGPT was able to pass the test Bridgewater gives to its investment associates, the firm's co-CIO said. ChatGPT is the equivalent of having "millions" of investment associates working at once, Greg Jensen said. Greg Jensen, co-CIO of the world's biggest hedge fund, told Bloomberg that ChatGPT was able to pass its investment associate test, and that the power of the buzzy AI chatbot is like having "millions" of junior staffers working all at once. Bots like ChatGPT have already performed well on Bridgewater's internal tests for investments associates, Jensen said. "Because all of sudden if you have an 80th percentile investment associate, technologically, you have millions of them at once.
Persons: ChatGPT, Greg Jensen, —, Jensen –, –, Jensen Organizations: Bridgewater, Service, Bridgewater Associates, Bloomberg, Morningstar Investment Locations: Bridgewater
☆ Coinbase says it's working on 'flatcoins' that will keep pace with inflation
  + stars: | 2023-03-27 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Coinbase said Friday that it's developing "flatcoins" that keep pace with inflation. The crypto exchange believes the tokens will help crypto traders shield their portfolios from soaring prices. Billionaire investor Ray Dalio is one high-profile name who's backed the idea of an inflation-linked coin in the past. Stablecoins are crypto tokens that derive their value from another asset. "I think that what would really be best is an inflation-linked coin," the billionaire investor told CNBC's "Squawk Box" last month.
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