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At a tech conference last week, Mr. Sacks said his view had changed. Such public support for Mr. Trump used to be taboo in Silicon Valley, which has long been seen as a liberal bastion. But frustration with Mr. Biden, Democrats and the state of the world has increasingly driven some of tech’s most prominent venture capitalists to the right. (He is set to co-host the fund-raiser for Mr. Trump alongside Mr. Others, like Marc Andreessen of Andreessen Horowitz and Shaun Maguire of Sequoia Capital, have criticized Mr. Biden without expressing support for Mr. Trump.
Persons: David Sacks, Donald J, Sacks, , Biden, Trump, Mr, Marc Andreessen, Andreessen Horowitz, Shaun Maguire, Keith Rabois Organizations: U.S . Capitol, Trump, Mr, Social Capital, Sequoia Capital, Khosla Ventures, Republicans, Congress Locations: Silicon Valley
Super PACs, which can accept unlimited donations, are legally barred from coordinating with or donating directly to politicians' campaigns. Advertisement"I'm gratified that a bipartisan group at the FEC has rightly rejected this baseless, headline-seeking complaint," Luke Thompson, the executive director of the super PAC, told Business Insider. "This super PAC was keeping him afloat as a candidate with research, messaging ideas, and all of the stuff that basically allowed him to remain viable." In recent years, it's become increasingly common for campaigns and super PACs to use public websites to get around existing campaign finance laws. Those materials had been funded by Never Back Down, a super PAC supporting the Florida governor.
Persons: , Republican Sen, JD Vance's, Peter Thiel, Donald Trump, Vance, Ellen Weintraub, Luke Thompson, Jonas Edwards, Jenks, Saurav Ghosh, they're, Ghosh, who's, Tim Ryan, Thiel, David Sacks, Rebekah Mercer, it's, Ron DeSantis's Organizations: Service, Commission, Republican, PAC, Campaign, Citizens United, Business, Legal, Citizens, Democratic, FEC, End Citizens, GOP Senate, Florida Gov, Florida Locations: Ohio, Florida
Trump is soliciting support from Silicon Valley donors to cut into Biden's cash edge. Trump is discussing a fundraiser with two high-profile venture capitalists, Bloomberg reported. The ex-president finds himself trailing the incumbent president in the fundraising race. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump is turning to Silicon Valley and ex-donors of onetime rival Ron DeSantis to boost his campaign coffers and cut into President Joe Biden's hefty fundraising edge.
Persons: Trump, , Donald Trump, Ron DeSantis, Joe Biden's, David Sacks, Chamath Palihapitiya, Sacks Organizations: Trump, Bloomberg, Service, Business Locations: Silicon, Silicon Valley, San Francisco
Presidential candidate Robert F. Kennedy Jr. said in a 2012 deposition he has a worm in his brain. In the deposition, Kennedy said he visited several neurologists in 2010 to try to find the cause of his haziness. While some doctors believed he had a brain tumor, one thought he had a worm stuck in his brain. In the 2012 deposition, Kennedy said that he once had to have his heart shocked by doctors to get it to beat back in sync. Questioning Mr. Kennedy's health is a hilarious suggestion, given his competition."
Persons: Robert F, Kennedy Jr, Biden, he's, , Kennedy, Mary Richardson Kennedy, Joe Biden, Donald Trump, Mr, Stefanie Spear, Kennedy hasn't, Bill Ackman, Jack Dorsey, David Sacks Organizations: Trump, The New York Times, Service, Times, White, Pershing, Capital Management, Twitter, PayPal Locations: Africa, South America, Asia
Read previewElon Musk, at an exclusive April dinner, commiserated with a group of billionaires about their distrust in Democratic politicians like Joe Biden, according to a new report by Puck. The outlet reported that Musk and venture capitalist David Sacks hosted the private event at Sacks' $23 million estate in the Hollywood Hills. This story is available exclusively to Business Insider subscribers. Related storiesRepresentatives for Musk, Sacks, and other dinner attendees identified by Puck did not immediately respond to requests for comment from Business Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet in May 2022.
Persons: , Elon, Joe Biden, Puck, David Sacks, Sacks, Peter Thiel, Travis Kalanick, Steven Mnuchin, Donald Trump, Biden, Musk, Michael Milken, Milken's, Milken, Trump, OpenSecrets, Don Lemon, Lemon Organizations: Service, Hollywood, Business, Democratic, Biden, Houston Chronicle, SpaceX hasn't, Trump, National Republican Congressional Committee, Democratic Party, Republican, The New York Times, CNN Locations: Palm Beach , Florida
Even the human-resources firm retained to help employees with offboarding, Tandem, quit soon after the layoffs because it never got paid. Shannon Flynn Bevers, Tandem's president and founder, said that she tried to help employees but that Johnson stopped responding. "When startups go out of business, they will pay employees their final paycheck. Johnson told employees to take a weeklong furlough and blamed the issue on a technical snafu. She also told employees they could file a claim with their state labor department or hire an employment lawyer.
Persons: Slack, Shiloh Johnson, Johnson, they'd, Benjamin Matthews, Shannon Flynn Bevers, I've, Flynn Bevers, VCs, Josh Felser, Aerin Paulo, ComplYant's, I'd, ComplYant, podcaster David Sacks, Michael Tam, Tam, Matthews, Ryan Cady, Lusely Martinez, Martinez, Cady, paychecks, wasn't, Taliah McGuire, McGuire, what's, Shiloh Luckey, Penelope, We've Organizations: Business, offboarding, . Venture, BI, Craft Ventures, ComplYant, Mucker, Slauson, — Mucker, Fika Ventures, Employees Locations: Los Angeles, Shiloh, San Francisco, Colorado, New York, TikTok
"It's the end of the pacifist period on the seas," Dr Steven Wills of the Center for Maritime Strategy, told Business Insider. The US fleet is still widely considered the world's most powerful navy due to its 11 aircraft carriers and cutting-edge nuclear submarine capabilities. "They're scrapping more ships than they're building, which means the US Navy is on a downward trajectory, not an upward trajectory," said Dr Salvatore Mercogliano, a maritime historian at Campbell University. Another piece of the puzzle is shipbuilding capacity. Expanding American shipbuilding capacity ought to start now, Wills said: "You don't make the arsenal of democracy overnight."
Persons: , Dr Steven Wills, Gerald R, Ford, Nikos Libertas, Wills, Doug Livermore, Arleigh Burke, Salvatore Mercogliano, Tang Ke, Livermore, Defense Mark Esper, David Sacks, Mercogliano, That's, Xi Jinping, HECTOR RETAMAL, Sacks, I'm Organizations: Service, Center for Maritime Strategy, Business, Navy, US Navy, Campbell University, Naval, People's Liberation Army Navy, Defense, of Naval Intelligence, Council, Foreign Relations, Corpus Christi, Pearl, Naval Shipyard . US Navy, Pacific, of Foreign Relations, CSIS, US, South China, Australia Locations: China, Russia, Ukraine, Virginia, Yantai Port, Asia, America, Japan, South Korea, Los Angeles, Corpus, Taiwan, Beijing, Pingtan, China's, Pacific, Philippines, South
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLawsuit's like the DOJ's against Apple will 'keep them in check': Craft Venture's David SacksHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Venture's David Sacks, Brian Sullivan, Organizations: Apple, CNBC
Watch CNBC's full interview with Craft Venture's David Sacks
  + stars: | 2024-03-22 | 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 EmailWatch CNBC's full interview with Craft Venture's David SacksHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Craft Venture's David Sacks, Brian Sullivan, Organizations: CNBC
Read previewSince its inception, Google has had a mission statement that is now practically enshrined as lore: "To organize the world's information and make it accessible and useful." Its AI, critics say, risks suppressing information instead by being too "woke." AdvertisementGoogle's AI troublesGoogle has more than 90% of the search market, giving it dominant control over the world's information flow online. Advertisement"The original mission was to index all the world's information. In a blog published Friday, Google vice-president Prabhakar Raghavan acknowledged some of the images Gemini generated turned out to be "inaccurate or even offensive."
Persons: , Larry Page, Sergey Brin, Gemini, Peter Kafka, Adolf Hitler, Elon, David Sacks, Critics, Sam Altman, Andrew Caballero, Reynolds, Bilal Zuberi, Brad Gerstner, Microsoft —, Elon Musk, OB1CCZHan3, Prabhakar Raghavan, overcorrected, Raghavan Organizations: Service, Google, Business, Craft Ventures, Lux Capital, Microsoft, Elon Locations: Menlo Park, AFP
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden 'isn't out of the woods yet', despite good economic data, says Craft Ventures David SacksHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Biden, David Sacks, Brian Sullivan, Organizations: Craft, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with billionaire investor David SacksHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Sacks, Brian Sullivan, Organizations: CNBC
OpenAI's venture capital investors weren't thinking about its mission to serve "humanity" by developing artificial intelligence. After Altman's ouster, Vinod Khosla, an early investor in OpenAI, came to his defense despite the criticism. OpenAI's complex and unique corporate governance structure meant that VCs could invest in the capped profit entity, but never earn any influence over the nonprofit board of directors, all of whom were either cofounders or appointed outside AI experts. The board structure and its governance are all likely to change as part of the deal to bring Sam Altman back as CEO of OpenAI. The purpose of the newly formed OpenAI board – consisting of current board member D'Angelo, former US Treasury Secretary Larry Summers, and former Salesforce co-CEO Bret Taylor – is to vet and potentially appoint an expanded board of up to nine people, and that Microsoft and Altman want board seats, The Verge reported.
Persons: Sam Altman, OpenAI, Altman, VCs, Sam, Altman's, Vinod Khosla, Yunus, Khosla, Wesley Chan, Greg Brockman, Ilya Sutskever, Tasha McCauley, who's, Joseph Gordon, Levitt, Helen Toner, Adam D'Angelo, Karthee Madasamy, it's, David Sacks, D'Angelo, Larry Summers, Bret Taylor – Organizations: Business, Tiger Global Management, Khosla Ventures, Sequoia Capital, Microsoft, FPV Ventures, Rand Corporation, Georgetown's Center for Security, Emerging Technology, MFV Partners, Qualcomm Ventures, Ikea, Bosch, Novo Nordisk Foundation, Bertelsmann Foundation, Carlsberg Foundation, Craft Ventures Locations: OpenAI, Silicon Valley, Hollywood
OpenAI fired its CEO Sam Altman on Friday. Elon Musk said that OpenAI should explain why it fired Altman, citing AI's potential dangers. Musk previously said he left the OpenAI board in 2018 over safety concerns. AdvertisementElon Musk said that the potential danger of AI is so great that OpenAI, the most powerful artificial intelligence company in the world right now, should disclose the reason it fired CEO Sam Altman. It's worth noting, though, that Musk's own AI company will likely only benefit from the current chaos at OpenAI.
Persons: OpenAI, Sam Altman, Elon Musk, Altman, , David Sacks, Elon, Musk, Ilya Sutskever — Organizations: Service, CNBC
Billionaire investor Chamath Palihapitiya discussed how AI could impact VCs. Palihapitiya said there was a "reasonable case to make" that the job could cease to exist. AdvertisementAdvertisementBillionaire investor and former Facebook exec Chamath Palihapitiya thinks AI will radically change the job of the venture capitalist. He said that changes to the industry sparked by AI could lead to VCs being replaced by "an automated system of capital against objectives." The rapid advancements in generative AI have sparked fears of job losses across industries, including in the financial sector.
Persons: Chamath Palihapitiya, Palihapitiya, , Chamath, Jason Calacanis, David Sacks, David Friedberg Organizations: Service, Facebook, Silicon, Silicon Valley VC, Social Capital, Deutsche Bank Locations: Silicon Valley
Senior U.S. administration officials detailed a handful of agenda items during a briefing with reporters. "We're not talking about a long list of outcomes or deliverables," a senior administration official told reporters. Even in recent days, Chinese officials were hesitant to confirm that Xi would attend the meeting with Biden. Biden and Xi's meeting also comes in the lead-up to Taiwan's 2024 presidential election in January, followed by the U.S. election. "We've been clear publicly and privately that interference in the Taiwan election is something we're extremely concerned about," a senior administration official said.
Persons: Xi Jinping, Joe Biden, Xi, Colleen Cottle, Jude Blanchette, They've, Thomas Fingar, Fingar, Biden, Wang Wenbin, Karine Jean, Pierre, Jean, Oriana Skylar Mastro, Ely Ratner, Ratner, We've, we've, Li Shangfu, Li, David Sacks, Sacks, Xi's Organizations: Global China, Atlantic Council, Senior, Center for Strategic, International Studies, Stanford University, National Intelligence Council, White, U.S ., American Enterprise Institute, NBC News, Defense, Biden, China, Council, Foreign Relations, U.S, Washington Locations: Nusa Dua, Indonesian, Bali, U.S, China, Taiwan Strait, South China, San Francisco, People's Republic of China, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot being a union shop gives Tesla 'flexibility', says Craft Ventures' David SacksHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Sacks, Brian Sullivan, Organizations: Craft Ventures, CNBC
Elon Musk said X, formerly Twitter, could be rolling out a paywall to all its users. Musk told Netanyahu that having a payment system and prioritizing premium users' posts would help minimize the influence of bots. AdvertisementAdvertisementMusk said he believes the paywall is critical if X is to deal with bots on the platform. This isn't the first time the billionaire has considered having a paywall for all X users. Besides renaming Twitter to X, Musk replaced the platform's legacy verified program — the blue ticks that verify the authenticity of famous personalities — with the Twitter Blue subscription program in March.
Persons: Elon Musk, Musk, Benjamin Netanyahu, Netanyahu, David Sacks Organizations: Service, Israel's, Twitter Locations: Wall, Silicon
Elon Musk says he's considering moving X behind a paywall. Some users are unhappy with the idea and threatening to leave the app. "There really is no doubt that he simply wants to kill the platform," one X user said of the decision. Comedian Chelsea Hart said the suggested paywall may hinder free speech and citizen journalism in some countries, something Musk claims to support. Another user seconded this: "I believe social media should be free to users, so if that happens, I'll be decamping to the other place permanently."
Persons: Elon Musk, Benjamin Netanyahu, David Sacks, Chelsea Hart, Bradley Wall, I've Organizations: Service, Twitter, Tech Locations: Wall, Silicon
Elon Musk expressed his disappointment in Ukraine's summer counteroffensive in an X post on Sunday. "So much death for so little," Musk wrote in his post. "So much death for so little," Musk wrote in a post on X, formerly Twitter, on Sunday. Musk, for his part, has weighed in many times on the war in Ukraine. Representatives for Musk did not immediately respond to a request for comment from Insider sent outside regular business hours.
Persons: Elon Musk, Musk, Elon, , David Sacks, Sacks, Andrii Melnyk, Anton Gerashchenko, Walter Isaacson, Jan Kallberg Organizations: Service, Sunday, NATO, SpaceX, Musk, Foreign Relations, Center for Locations: Wall, Silicon, Ukraine, Crimea, Russia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI co-pilots will help workers do their jobs better, not put people out of jobs, says David SacksDavid Sacks, Craft Ventures co-founder, joins 'Closing Bell Overtime' to talk the UAW strike, AI co-pilot technology, recent tech IPOs and more.
Persons: David Sacks David Sacks Organizations: Craft Ventures, UAW
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDavid Sacks: Investors should be worried if China's actions against Apple start to escalateHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Sacks, Brian Sullivan, Organizations: Apple, CNBC
Watch CNBC's full interview with Craft Ventures' David Sacks
  + stars: | 2023-09-08 | 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 EmailWatch CNBC's full interview with Craft Ventures' David SacksHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Sacks, Brian Sullivan, Organizations: Craft Ventures, CNBC
Former Twitter lieutenant Esther Crawford warned Elon Musk is surrounded by "yes men." Esther Crawford, Elon Musk's former lieutenant at Twitter, voiced some of her concerns with the billionaire's leadership at the social media company in 14-minute video on Wednesday. Musk has been known to work with close friends across his companies and has even been criticized for having his close friends and brother on Tesla's board in the past. "Instead he'd poll Twitter, ask a friend, or even ask his biographer for product advice," Crawford wrote. Last year, venture capitalist and early Twitter investor Chris Sacca warned Musk needed to surround himself with more people that would challenge him.
Persons: Esther Crawford, Elon, Crawford, Musk, Elon Musk's, David Sacks, Steve Davis, Elon Musk, Clive Mason, Chris Sacca, Sacca Organizations: Twitter, Boring Company Locations: Elon
Square Roots told staff it was closing most of its locations and cutting jobs, two former staff said. Square Roots told local news it plans to reconfigure some locations and may eventually re-open them. Elon Musk's brother, Kimbal, cofounded Square Roots alongside CEO Tobias Peggs in 2016. "It was just a normal day," the former Grand Rapids employee said of the latest layoffs and farm closures announced Tuesday. "It was quite abrupt and has been very devastating to this wonderful team of people," the former Grand Rapids employee said.
Persons: Elon Musk's, Elon Musk, David Sack's, Tobias Peggs, Kimbal Musk, WDRB, couldn't, Kimbal, Bauer, Griffin, Slack, Peggs, Getty, DON EMMERT, that's, we've Organizations: Roots, Morning, Gordon Food Service, David Sack's Craft Ventures, Kenosha News, Grand, Axelle, Grand Rapids, Gordon Food Services, Employees Locations: Grand Rapids, Pitchbook, Springfield , Ohio, Shepherdsville , Kentucky, Kenosha , Wisconsin, Wisconsin, Brooklyn, Kenosha, New York, Michigan
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