Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Thiel"


25 mentions found


On a podcast, he breaks down how he invests and shares what he likes about Polkadot (DOT). "I think just like in 2016, there are some promising initiatives at layer 2 that are bringing scalability to ethereum," Tomaino said. Polkadot's native token DOT is up around 200% year-to-date, while cosmos' native token ATOM is up around 127%. "And that's kind of the promise of something like polkadot," Tomaino said. "I think the polkadot governance is wildly unappreciated and unexplored."
Persons: Nick Tomaino's, Nick Tomaino, Tomaino, Tomaino's, Mark Cuban, Peter Thiel, Laura Shin, polkadot, It's, ethereum's, ethereum, it's, KR1, George McDonaugh, van Schreven, Greg King Organizations: nab, Western Union, KR1, Funds Locations: Tomaino, Coinbase, Gox, Western, bitcoin, British
7 key things that happened in crypto over the past week
  + stars: | 2021-06-14 | by ( Taylor Locke | ) www.cnbc.com + 0.00   time to read: +4 min
It was another busy week in the crypto world, from El Salvador adopting bitcoin as legal tender to a CryptoPunk NFT selling for a record amount. In case you missed it, here are seven things worth knowing about what happened in crypto over the last week. "The threats posted by crypto show that Congress and federal regulators can't continue to hide out, hoping that crypto will go away. Bitcoin 2021 Conference attendees report testing positive for Covid-19Several attendees of the Bitcoin 2021 Conference in Miami, Florida, last weekend have tested positive for Covid-19. CryptoPunk NFT sells for record $11.7 million at Sotheby's auctionA rare CryptoPunk sold on Thursday at Sotheby's for over $11.7 million.
Persons: bitcoin, Sen, Elizabeth Warren, Cryptocurrency, Warren, CryptoPunk NFT, Shalom Meckenzie, Fred Thiel, Smart, Elon, Tesla Organizations: El, FBI, Colonial Pipeline, Department, CNBC, Federal Reserve, Miami, Marathon Digital Holdings Locations: El Salvador, bitcoin, U.S, Miami , Florida, Sotheby's, DraftKings
This is why more hackers are turning to coins like dash, zcash, and monero, which have additional anonymity built into them. Monero, in particular, is increasingly the cryptocurrency of choice for the world's top ransomware criminals. "The more savvy criminals are using monero," said Rick Holland, chief information security officer at Digital Shadows, a cyberthreat intelligence company. Because of these anonymity features, monero allows cyber criminals greater freedom from some of the tracking tools and mechanisms that the bitcoin blockchain offers. In practice, that means that it's harder for cyber criminals to get paid directly in the currency.
Persons: MARA, Rick Holland, Monero, Fred Thiel, they're, Marc Grens, Holland, it's, Mati Greenspan, Thiel, Nic Carter, There's, Bitcoin Organizations: FBI, Colonial Pipeline, Microsoft, Google, Marathon Digital Holdings, bitcoin, Quantum Economics, CNBC, Ventures Locations: cryptocurrency, Europe, monero, Holland, U.S
The first bitcoin upgrade in four years has just been approved by miners around the world. These souped-up signatures are also a game changer for smart contracts, which are self-executing agreements that live on the blockchain. Smart contracts can theoretically be used for practically any kind of transaction, from paying your rent each month, to registering your vehicle. "Lightning transactions can be fractions of a penny...while a bitcoin transaction at the core protocol layer can be much more expensive than that," explained Killeen. Smart contracts essentially give you the opportunity to really build applications and businesses on the blockchain."
Persons: Alyse Killeen, Alejandro De La Torre, Brandon Arvanaghi, Smart, Killeen, Fred Thiel, It's Organizations: CNBC, Lightning, Developers, Marathon Digital Holdings, Smart Locations: Hong Kong, Killeen
PHOENIX — Arizona Attorney General Mark Brnovich announced Thursday he’s running for U.S. Senate, becoming the third major candidate seeking the Republican nomination to take on Democrat Mark Kelly. He says he used his post as attorney general to take on “crony capitalists” and government overreach, while promoting religious liberty, border security and election integrity. Kelly, a retired astronaut, won a special election last year to finish the late John McCain’s Senate term. As attorney general, Brnovich has picked a number of high-profile fights, including suing the Arizona Board of Regents — which is typically his client — over plans to build a hotel at Arizona State University. Before he was elected attorney general in 2014, Brnovich was a federal prosecutor and head of the state Gaming Department, which regulates gambling.
Persons: Mark Brnovich, Democrat Mark Kelly, Brnovich, ” Brnovich, who’s, Donald Trump, Trump, he’s, Doug Ducey, Katie Hobbs, Democrat Joe Biden, , ” Trump, Jim Lamon, Michael “ Mick ” McGuire, Andy Biggs, Blake Masters, Peter Thiel, Kelly, John McCain’s, He’s Organizations: PHOENIX, Arizona, U.S . Senate, Republican, Democrat, Republicans, Country, Air Force, GOP, U.S . Rep, Regents, Arizona State University, U.S, Supreme, Democratic National Committee, , Gaming Department Locations: Yugoslavia, Arizona, Washington, Maricopa County
German psychedelic startup Atai targets valuation of $2.3 billion in U.S. IPO
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
(Reuters) - Atai Life Sciences B.V., backed by billionaire investor Peter Thiel, said on Friday it was looking to raise as much as $214.3 million through a U.S. initial public offering, targeting a valuation of about $2.3 billion. The Berlin-based biotech startup, which is exploring the use of psychedelic treatments for mental health disorders, said it planned to sell around 14.29 million shares priced between $13 and $15 per share. (bit.ly/3iA5ste)Atai’s co-founder Christian Angermayer is an advocate of the mental health benefits of psychedelics such as psilocybin, the active ingredient in so-called magic mushrooms, for the treatment of depression, anxiety and substance use disorders. Launched in 2018, Atai has raised $362.3 million in cash so far, a regulatory filing showed. Atai will be listed on the Nasdaq and will trade under the ticker symbol “ATAI”.
Persons: Peter Thiel, Atai’s, Christian Angermayer, Atai, Cowen, Berenberg Organizations: Reuters, Sciences, U.S, Nasdaq, Credit Suisse, Citigroup, underwriters Locations: Berlin, U.S
Here are 20 women who helped build PayPal early on, and the careers they've gone on to build. Some mentioned unconscious bias as a factor in the tech industry and media's focus on PayPal's early male employees versus their female colleagues. And Denise Aptekar, another early product manager, said that even today, she frequently works with her fellow PayPalians through her fintech investing. In June 2002, a few weeks before the eBay acquisition was announced, Liu started as PayPal's senior product manager. She originally interviewed for an office-manager position, but ultimately served as PayPal's VP of fraud from 1999 to 2002.
Persons: they've, Peter Thiel, Max Levchin, Reid Hoffman, Luke Nosek, David Sacks, Keith Rabois, Elon Musk, Musk's, Thiel's Confinity, Rebecca Eisenberg, Nellie Levchin, didn't, Deborah Liu, Levchin, SciFi VC, Liu, Deb Liu, Huey Lin, who's, Lin, Denise Aptekar, Julie Anderson, Anderson, Elon Musk's, Peter Thiel's, Sarah Imbach, Aptekar, Elena Krasnoperova, UpWork, Pete Buttigieg's, Wise, Dave McClure, PayPal's, Anita Bhargava, Bhargava, Sanjay Bhargava, Bora Chung, Bill.com Chung, Chung, Alyssa Cutright, eBay Cutright, Cutright, Plastiq, Donna Driscoll, Driscoll, Services Eisenberg, Eisenberg, Trulia, Yishan Wong, Condé Nast, Wong, Nora Grasham, PayPal Grasham, Grasham, Imbach, Crunchbase, Skye Lee, Google Lee, Lee, Jason Portnoy, cofounding SciFi, Terraformation Lin, Chris Ferro, She's, Yee Lee, Tim Wenzel, Katherine Woo, Cristina Pok, Pok, Palantir, Nathan Gettings, Gettings, Jason Boehmig, Cai GoGwilt, Kim, Elisha Proctor, Glassdoor Proctor, Proctor, Amy Rowe Klement, Klement, Lauri Schultheis, Schultheis, Leonora Teng, Teng, Karen Wong, Xoom, Sequoia's Roelof Botha, Tophatter, Cred, Airbnb.org Woo, Woo, Meg Whitman Organizations: PayPal, PayPal Mafia, eBay, LinkedIn, Fund, Facebook, YouTube, US, SciFi, Google, Communications, Elon Musk's x.com, Sciences, Confinity, Bharosa Club, Apple, North, Adobe, Services, Pure, Technologies, Cisco, Terraformation, Palo Alto City Council, 23andMe, Netflix, Oculus VR, California State University, Clarium Capital Management, Labs, GGV, Flexport, Stanford Graduate School of Business, Palantir, PayPal Mobile, Bridge International, Andela, Omidyar Network, restructures, Xoom, eBay North, Facebook Groups, Airbnb Locations: Silicon Valley, VPs, Omaha , Nebraska, Tel Aviv, Israel, Iowa, Delhi, India, South Korea, North America, Plastiq, Reddit, 23andMe, East Bay, Clarium, Europe, Asia, Shanghai, Hong Kong, Palantir, Prosper, eBay North America
Atai Life Sciences has raised hundreds of millions as a private psychedelics company. Atai now has a portfolio of 10 therapeutic programs, around half of which are focused on developing psychedelics medications to treat mental illnesses. Atai would become the second psychedelics company to IPO on a major US exchange after Compass. Other psychedelics companies — like Bright Minds, MindMed, Field Trip, and MagicMed — have recently listed or applied to list through acquisitions or uplisting from Canadian exchanges. But if any of Atai's companies are successful, approved, and commercialized?
Persons: Peter Thiel, Atai, Christian Angermayer, Florian Brand, Srinivas Rao, Lars Christian Wilde, Brand, MagicMed —, Cowen, Berenberg, Cantor, Canaccord, Johnson, Thiel Organizations: Sciences, US Securities and Exchange Commission, Nasdaq, Atai, Credit Suisse, Citigroup, RBC Capital Markets, US Food and Drug Administration, Neuroscience, Compass, IB, Therapeutics, Apeiron Investment Group, Galaxy Group Investments, Kendall Capital Markets, Apeiron Investment, Galaxy, PayPal, Thiel Capital, Biotech, US Drug Enforcement Administration Locations: United States, Atai
I'm Dan DeFrancesco, and here's what's on the agenda today:The PayPal Mafia, with members like Elon Musk and Peter Thiel, has been well covered, but these 20 women also played a key role in the payment giant's early years. SoFi is underwriting Chamath Palihapitiya's four new SPAC IPOs in a bid to disrupt elite Wall Street firm's stranglehold on the business. The case for why stablecoins are cryptocurrencies best bet for usurping how we pay for things. ET — during a free, hour-long virtual event presented by Fidelity. Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Persons: I'm Dan DeFrancesco, here's what's, Elon Musk, Peter Thiel Organizations: Finance, PayPal Mafia, Fidelity .
Source: IntelStefan Thomas really could have used a quantum computer this year. Quantum computers, which will be several million times faster than classical computers, could have easily helped him crack the code. Within a decade, quantum computers could be powerful enough to break the cryptographic security that protects cell phones, bank accounts, email addresses, and — yes — bitcoin wallets. In the case of cryptocurrencies like bitcoin, this digital signature is called the "Elliptic Curve Digital Signature Algorithm," and it ensures that bitcoin can only be spent by the rightful owner. Fortifying bitcoin wallets
Persons: Intel Stefan Thomas, Fred Thiel, Thiel, Thorsten Groetker Organizations: Intel, Microsoft, Google, Marathon Digital Holdings Locations: China, Europe
Here are 20 women who helped build PayPal early on, and the careers they've gone on to build. Some mentioned unconscious bias as a factor in the tech industry and media's focus on PayPal's early male employees versus their female colleagues. And Denise Aptekar, another early product manager, said that even today, she frequently works with her fellow PayPalians through her fintech investing. Bora ChungRoles at PayPal: Senior director, global platform; senior director, branded checkoutYears at PayPal: September 2001 to October 2010Now: Chief experience officer at Bill.comChung joined PayPal in 2001 as the director of international and cross-border business. She originally interviewed for an office-manager position, but ultimately served as PayPal's VP of fraud from 1999 to 2002.
Persons: they've, Peter Thiel, Max Levchin, Reid Hoffman, Luke Nosek, David Sacks, Keith Rabois, Elon Musk, Musk's, Thiel's Confinity, Rebecca Eisenberg, Nellie Levchin, didn't, Deborah Liu, Levchin, SciFi VC, Liu, Deb Liu, Huey Lin, who's, Lin, Denise Aptekar, Julie Anderson, Anderson, Elon Musk's, Peter Thiel's, Sarah Imbach, Aptekar, Elena Krasnoperova, UpWork, Pete Buttigieg's, Wise, Dave McClure, PayPal's, Anita Bhargava, Bhargava, Sanjay Bhargava, Bora Chung, Bill.com Chung, Chung, Alyssa Cutright, eBay Cutright, Cutright, Plastiq, Donna Driscoll, Driscoll, Services Eisenberg, Eisenberg, Trulia, Yishan Wong, Condé Nast, Wong, Nora Grasham, PayPal Grasham, Grasham, Imbach, Crunchbase, Skye Lee, Google Lee, Lee, Jason Portnoy, cofounding SciFi, Terraformation Lin, Chris Ferro, She's, Yee Lee, Tim Wenzel, Katherine Woo, Cristina Pok, Pok, Palantir, Nathan Gettings, Gettings, Jason Boehmig, Cai GoGwilt, Kim, Elisha Proctor, Glassdoor Proctor, Proctor, Amy Rowe Klement, Klement, Lauri Schultheis, Schultheis, Leonora Teng, Teng, Karen Wong, Xoom, Sequoia's Roelof Botha, Tophatter, Cred, Airbnb.org Woo, Woo, Meg Whitman Organizations: PayPal, PayPal Mafia, eBay, LinkedIn, Founders Fund, Facebook, YouTube, US, SciFi, Google, Communications, Elon Musk's x.com, Sciences, Confinity, Bharosa Club, Apple, North, Adobe, Services, Pure, Technologies, Cisco, Terraformation, Palo Alto City Council, 23andMe, Netflix, Oculus VR, California State University, Clarium Capital Management, Labs, GGV, Flexport, Stanford Graduate School of Business, Palantir, PayPal Mobile, Bridge International, Andela, Omidyar Network, restructures, Xoom, eBay North, Facebook Groups, Airbnb Locations: Silicon Valley, VPs, Omaha , Nebraska, Tel Aviv, Israel, Iowa, Delhi, India, South Korea, North America, Plastiq, Reddit, 23andMe, East Bay, Clarium, Europe, Asia, Shanghai, Hong Kong, Palantir, Prosper, eBay North America
Trump made the statement after Nigeria banned Twitter, which deleted a tweet from its president. "Congratulations to the country of Nigeria, who just banned Twitter because they banned their President," Trump said. Trump then said he should have banned the two major social platforms when he was president, but said he didn't because of CEO Mark Zuckerberg. "Zuckerberg kept calling me and coming to the White House for dinner telling me how great I was," Trump said in the statement. In late 2019, news surfaced that Zuckerberg met with Trump and Facebook board member and Trump supporter Peter Thiel in a secret dinner in October.
Persons: Trump, , Donald Trump, Muhammadu Buhari, secessionists, Mark Zuckerberg, Zuckerberg, Peter Thiel, Gayle King Organizations: Twitter, Facebook, Reuters, White House, Trump, CBS Locations: Nigeria
The Allen & Co. Sun Valley conference will return in July after being canceled during the pandemic. Moguls like Jeff Bezos, Mark Zuckerberg, Warren Buffett, and Tim Cook are all on the guest list. The annual, invite-only event is known for being a hotbed for networking and dealmaking. But the conference is known for more than just hobnobbing and fleece vests — it's also become a hotbed of networking and dealmaking. And when Bezos decided to acquire the Washington Post, those early conversations took place — where else — at Sun Valley.
Persons: Jeff Bezos, Mark Zuckerberg, Warren Buffett, Tim Cook, Facebook's Mark Zuckerberg, Sheryl Sandberg, Microsoft's Satya Nadella, Reed Hastings, Ted Sarandos, David Zaslav, Bob Chapek, Shari Redstone, Nikki Haley, Adam Silver, Roger Goodell, Jack Dorsey, Peter Thiel, John Stankey, Lachlan Murdoch, Read, Bezos, it's Organizations: Allen, Co, Sun, Tech, Allen & Co, Hollywood, Express, Variety, Netflix, Discovery, Disney, United, NFL, Twitter, AT, Verizon, NBC Universal, Washington Post Locations: Sun Valley , Idaho, Idaho, Rupert, Silicon, Sun, HBO's
A luxury penthouse in Miami has just been bought for $22.5 million using cryptocurrency. It is considered to be the largest known cryptocurrency real estate purchase to date. The transaction was closed just weeks after the developer announced that it would accept digital assets as payment. A luxury penthouse in Miami was purchased for $22.5 million using cryptocurrency in what was considered to be the largest known cryptocurrency real estate purchase to date. The transaction closed just weeks after the developer announced that it will be accepting digital assets as payment for its condominiums.
Persons: Antonio Citterio, SolidBlock, Alex Sapir, Sapir, Jack Dorsey, Michael Saylor, Elon, Peter Thiel, Keith, Brian Armstrong, Suarez Organizations: Arte, Sapir Corp, Twitter, Fred Locations: Miami, Florida's Surfside, cryptocurrency, Arte
Location-data firm SafeGraph won $45 million in a Series B funding round. The firm is backed by the tech investor Peter Thiel and Sapphire Ventures, among other angels. SafeGraph, the business-to-business startup helping companies make the most of location data, just raised $45 million in a Series B funding round led by Sapphire Ventures. The round was also backed by existing investors, including the billionaire tech investor Peter Thiel. The round was also backed by angel investor Alex Rosen, of Ridge Ventures, and DNX Ventures.
Persons: SafeGraph, Peter Thiel, they've, Cathy Gao, Alex Rosen Organizations: Sapphire Ventures, Ridge Ventures, DNX Ventures Locations: California, Canada
On April 25, Delian Asparouhov, a principal at Peter Thiel's venture-capital firm Founders Fund, sent a tweet announcing the "unofficial start of the inaugural Miami Tech Week." In 2012, Haggman created the Knight Foundation's grant program, which has since deployed millions of dollars into the Miami tech ecosystem. Melissa Medina was added to the Miami Tech Week 2022 WhatsApp group. When announcing next year's Miami Tech Week dates, Asparouhov tweeted, "We'll do it even bigger and better, and yes it'll be a vibe." Two minutes later, Suarez retweeted it with an important clarification: "We are so excited to announce the dates for Miami Tech Week 2022 alongside @foundersfund and @eMergeAmericas."
Persons: Francis Suarez, Peter Thiel's, Melissa Medina, Medina, Marcelo Claure, Maurice Ferre Jr, Ron Antevy, Mike Fernandez, Manny Medina, Melissa's, Asparouhov, Keith Rabois, Atomic's Jack Abraham —, Medina wasn't, Suarez, Maria Derchi Russo, Russo, didn't, Matt Haggman, Sizhao Yang, Yang, Brian Breslin, Manuel D, Manny, Haggman, he's, Elon, Peter Thiel, Keith, Brian Armstrong, Fred Ehrsam, Abraham, Rabois, Candy Cheng, it's, Ken Russell, Russell, Republican Sen, Marco Rubio, Blackstone, Goldman Sachs, Richard Florida, Miami Mayor Francis Suarez, Joe Raedle, Mark Zuckerberg, Jack Dorsey, Jeff Bezos, Facebook's Sheryl Sandberg, Alex de Carvalho, de Carvalho, Ryan Rea, chatroom Organizations: Miami, Fund, Miami Tech, Founders Fund, Knight Foundation, Verizon, Beacon Council, University of Miami, City Hall, Fred, Sunshine State, YouTube, London, Abraham's VC, Thiel's, Miami's, US, Republican, Microsoft, Apple, Urban, Initiative, Miami Mayor, House Party, Miami Beach Convention Center Locations: Delian, Silicon, Miami, Farmville, America, San Francisco, Abraham's, Wynwood, Miami's Wynwood, Stanford, Americas
Campaign launches to try to force Palantir out of Britain’s NHS
  + stars: | 2021-06-04 | by ( Sam Shead | ) www.cnbc.com + 0.00   time to read: +7 min
Kiyoshi Ota | Bloomberg | Getty ImagesLONDON — A campaign is being launched to try to stop U.S. tech giant Palantir from working with the U.K.'s National Health Service. The "No Palantir in Our NHS" campaign —launched at an event on Thursday — comes after Palantir partnered with the NHS on a Covid-19 "Data Store." The NHS Covid-19 Data Store contract allows Palantir to help manage the data lake, which contains everybody's health data for pandemic purposes. Patient data is "pseudonymized" before it is processed by Palantir's software as part of an effort to protect patient privacy. While Palantir is processing the patient data, the NHS remains the data owner, limiting what Palantir can do with it.
Persons: Peter Thiel, Kiyoshi Ota, , Palantir, Cori Crider, Peter Thiel —, Donald Trump's, Crider, Clive Lewis, Lewis, It's, openDemocracy, Ali Parsa, Parsa, Rachel List, Danny Lawson Organizations: Palantir Technologies Inc, Bloomberg, Getty, National Health Service, CNBC, NHS, Facebook, Labour Party, Foundry, Guardian, U.K . Department of Trade, Procurement, Financial Times, Hope Locations: Tokyo, Japan, Soho, United Kingdom, U.S, Pontefract , Yorkshire
In a statement to CNN Business regarding the helicopter concept, a Citizen spokesperson said: "Our mission is safety. (The Citizen spokesperson said it plans to roll out this year "an incredibly powerful decentralized news and active safety product.") The Citizen spokesperson confirmed an enterprise safety product was being tested at several locations in New York City. The company spokesperson refuted this account saying its agents go through "a rigorous training program, which includes a four-week Public Safety Telecommunicator certification course." (The Citizen spokesperson said: "Since it's a new product, some users tapped the "Get Help" button out of curiosity.")
Persons: Andrew Frame, they'd, Andrew, wouldn't, they've, Jennifer Grygiel, Frame, Peter Thiel's, Sarah Lageson Organizations: CNN, Citizen, CNN Business, LAPD, Syracuse University, Apple, Wall, Wall Street, Fund, Sequoia Capital, Rutgers University's School of Criminal, Protect, Fast Company, Citizen Protect Locations: Los Angeles, New York, New York City
Silicon Valley may look very different after the pandemic
  + stars: | 2021-06-02 | by ( Rishi Iyengar | Cnn Business | ) edition.cnn.com + 0.00   time to read: +11 min
San Francisco (CNN Business) After four months of working from home during the pandemic, Reeba Akram decided to change where home was. "There is also an option for employees in eligible roles to apply for long-term remote work," the company added in a statement. "We don't see vibrant offices and healthy remote work as a tradeoff -- we believe these can co-exist and be unified by one cohesive employee experience." "Post pandemic that will not change as [tech] employees tend to work well when at least part of the week they are together." Facebook says it doesn't see "see vibrant offices and healthy remote work as a tradeoff."
Persons: Reeba Akram, Akram, Nikki Krishnamurthy, Uber's, Uber, , they'll, Krishnamurthy, Sundar Pichai, Pichai, Nicholas Bloom, Austin, Breyer, Francis Suarez, Peter Thiel, Jon Oringer, Mark Sherman, Jasmine Shah, Shah, CBRE, Colin Yasukochi Organizations: San Francisco, CNN Business, Google, Los Altos, San, San Francisco Bay Area, Twitter, Facebook, Apple, Uber, Stanford University, Miami, Fund, Telstra Ventures, VMWare, CBRE's Tech, Center Locations: San, Los, Dallas , Texas, Texas, San Francisco Bay, Silicon, Francisco's, Florida, Miami, California, Bay Area, Sunnyvale, Bay, Los Angeles, San Francisco, Palo Alto, San Jose, Cupertino
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto miners are perfect customers for renewable energy: Bitcoin mining council memberFred Thiel, Marathon Digital Holdings CEO and Bitcoin Mining Council member, joins "Squawk on the Street" to discuss the push to make bitcoin mining carbon neutral.
Persons: Fred Thiel Organizations: Marathon Digital Holdings, Bitcoin Mining
SoFi shares rise after debut on Nasdaq
  + stars: | 2021-06-01 | by ( Jessica Bursztynsky | ) www.cnbc.com + 0.95   time to read: +1 min
Shares of SoFi were up more than 5% Tuesday after the online finance company made its public debut. SoFi, short for Social Finance, went public by merging with Social Capital Hedosophia Corp V, a blank-check company run by venture capital investor Chamath Palihapitiya. The shares were previously listed under the ticker IPOE for Palihapitiya's special purpose vehicle. Shares of Palihapitiya's venture closed at $20.15 on Friday, up 70% year to date. "Many people talked about broadening the suite of products but only SoFi has done it on one mobile platform."
Persons: Chamath Palihapitiya, Anthony Noto, CNBC's, SoFi, Peter Thiel, CNBC's Kate Rooney Organizations: Social Finance, Social Capital Hedosophia Corp, CNBC Locations: Silver, Softbank
DETROIT (Reuters) - Auto data startup Wejo on Friday will announce plans to go public through a reverse merger with blank-check company Virtuoso Acquisition Corp in a deal that values the British company at $800 million including debt, people familiar with the plans said. The deal, to be announced after the stock market closes, will raise $330 million in proceeds for Wejo, said the sources, who asked not to be identified. They said that includes $230 million from Special-Purpose Acquisition Company (SPAC) Virtuoso and another $100 million referred to as Private Investment in Public Equity (PIPE). The $800 million enterprise value for Wejo implies an estimated $1.1 billion pro forma equity value, the sources said. On Feb. 1, Wejo’s Israeli rival Otonomo said it would go public in a SPAC merger with Software Acquisition Group Inc II.
Persons: Wejo, Peter Thiel, Richard Barlow, Tim Lee, Jeffrey Warshaw, SPACs, , Otonomo Organizations: DETROIT, Private Investment, Public Equity, Investors, General Motors Co, Palantir Technologies Inc, Reuters, Chief, SEC, GM, Hyundai Motor Co, Daimler, Software Locations: British, U.S, Wejo, Manchester
Auto data startup Wejo on Friday will announce plans to go public through a reverse merger with blank-check company Virtuoso Acquisition Corp (VOSO.O) in a deal that values the British company at $800 million including debt, people familiar with the plans said. They said that includes $230 million from Special-Purpose Acquisition Company (SPAC) Virtuoso and another $100 million referred to as Private Investment in Public Equity (PIPE). The $800 million enterprise value for Wejo implies an estimated $1.1 billion pro forma equity value, the sources said. The new company will trade under the symbol "WEJO" but the stock exchange has not been determined, the sources said. On Feb. 1, Wejo's Israeli rival Otonomo said it would go public in a SPAC merger with Software Acquisition Group Inc II.
Persons: Wejo, Peter Thiel, Richard Barlow, Tim Lee, Jeffrey Warshaw, SPACs, Otonomo Organizations: Auto, Acquisition, Private Investment, Public Equity, Investors, General Motors Co, Palantir Technologies, Reuters, Chief, SEC, GM, Hyundai Motor, Daimler, Software, Thomson Locations: British, U.S, Wejo, Manchester
Scale AI Hires Former U.S. CTO Michael Kratsios as Head of Strategy
  + stars: | 2021-05-27 | by ( Jared Council | ) www.wsj.com + 0.00   time to read: +4 min
“A lot of leading companies have AI teams,” said Mr. Kratsios, who served as U.S. chief technology officer during the Trump administration. The position is a new role within the company, according to Scale AI. Mr. Kratsios said he would help Scale AI develop a product road map and introduce the company to a variety of industries that want to make a breakthrough in AI. Scale AI said its services include labeling the information required for training AI algorithms. Scale AI would use a proprietary machine learning platform to label as much data as possible, which then gets reviewed by people.
Persons: Michael Kratsios, Kratsios, , Trump, , Mr, Alexandr Wang, Whit Andrews, Ritu Jyoti, Jared Organizations: San, PayPal Holdings Inc, Toyota Research Institute Inc, Inc, Pinterest Inc, Fortune, Dragoneer Investment, Greenoaks, Tiger Global Management, Gartner Inc, Trump, Senate, Defense Department, Thiel Capital, International Data Corp, jared.council Locations: San Francisco
UPDATE 1-European stocks flat as Richemont jump offsets UK slide
  + stars: | 2021-05-21 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
The pan-European STOXX 600 index was flat, with British stocks falling about half a percent despite a much bigger than expected jump in retail sales. Cartier maker Richemont rose 4.6% to a record high as its net profit rose by a third in 2020/21, helped by a strong performance of its jewellery brands and a proposal to double its dividend. IHS Markit’s survey showed euro zone business growth accelerated at its fastest pace in over three years in May, helped by a strong resurgence in the bloc’s dominant service industry as economies reopened. The European Central Bank chief Christine Lagarde is set to speak at a press conference following a Eurogroup meeting later in the day. Lufthansa AG fell 6.2% as the Thiele family, the second-largest shareholder in the German airlines, sold more than half of its stake.
Persons: Thiel, Richemont, Cartier, Jim Reid, Christine Lagarde, Thiele, Siena, Unicredit Organizations: Lufthansa, IHS, Deutsche Bank, European Central Bank, BMW, Lufthansa AG, Bper Banca, Banco, Banca Monte dei, European Union Locations: London, Richemont, Germany, pare, Unicredit, Italy
Total: 25