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☆ Andreessen Horowitz to open first office outside the U.S. in London in bet UK will become crypto hub
▼ + stars: | 2023-06-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

LONDON — Andreessen Horowitz is opening its first office outside of the U.S. in London, the venture capital firm announced Monday. Sriram Krishnan, an ex-Twitter employee who joined Andreessen Horowitz as a general partner, will relocate to London to head up the firm's office there, Quintenz said. Andreessen Horowitz also plans to launch its first crypto startup school in the U.K. in a bid to identify future talent in the crypto and Web3 space. Andreessen Horowitz has been one of the most active investors in crypto and Web3, backing startups ranging from the crypto-based sports collectibles trading game Dapper Labs to nonfungible token marketplace OpenSea. Andreessen Horowitz was not an investor, but several rival firms, including Sequoia, were.

Persons: Coinbase, Andreessen Horowitz, Brian Quintenz, Sriram Krishnan, Quintenz, ‘ Organizations: U.S, U.S . Securities, Exchange Commission, SEC, CNBC, Twitter Locations: Silicon, Airbnb, Coinbase, London, U.S, United States, FTX, Sequoia

☆ Venture capital giant Andreessen Horowitz to open first office outside of the US in London as it bets on the UK to become leader in crypto regulation
▼ + stars: | 2023-06-12 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Venture capital giant Andreessen Horowitz is set to open its first office outside of the US in London. The Silicon Valley giant is betting on the UK to become a leader in crypto regulation. Venture capital giant Andreessen Horowitz is set to open its first office outside of the US in London as it bets on the British government to become a leader in crypto regulation. Meanwhile, venture capital funding to crypto companies has collapsed over the past year. Andreessen general partner Chris Dixon said that crypto was still in its "early innings" and that technology takes "decades to develop," in a blog post announcing the London office.

Persons: Andreessen Horowitz, Chris Dixon, Sriram Krishnan, Binance, Rishi Sunak, Dixon, Sunak, there's Organizations: Venture, Twitter, Facebook, Securities and Exchange Commission, SEC, School from, Catalyst, Bessemer, Lightspeed Venture Partners Locations: London, Europe, School from London, Silicon, Sequoia

☆ India and China are kicking out each others' journalists in latest strain on ties
▼ + stars: | 2023-06-06 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Visa spatOn Sunday, Xinhua published a first-person account from Hu Xiaoming, the state agency’s New Delhi bureau chief since 2017, describing the “torment” of Chinese reporters’ “visa hassle” in India. A spokesperson for India’s Ministry of External Affairs on Friday declined to comment on the number of Chinese journalists in the country when asked in a regular briefing. “All foreign journalists, including Chinese journalists, have been pursuing journalist activities in India, without any limitations or difficulties in reporting,” spokesperson Arindam Bagchi said. Bagchi did not confirm that any Indian reporters had lost accreditation in China, but said such reporters had faced difficulties doing their jobs there. Because Chinese reporters are working for state media outlets, New Delhi is also likely looking at them as “state actors,” according to Kewalramani.

Persons: Mao Ning, It’s, Hu Xiaoming, ”, ’, Hu, Arindam Bagchi, Bagchi, Ananth Krishnan, Anshuman Mishra, Narendra Modi’s, “, Manoj Kewalramani, Modi, Xi Jinping, Kewalramani Organizations: Hong Kong CNN —, Beijing, CNN, Foreign, Washington, Visa, Xinhua, India’s Ministry, Affairs, Ministry, Prasar, Foreign Ministry, BBC, Takshashila, Huawei, Shanghai Cooperation Organization – Locations: Hong Kong, Hong Kong CNN — India, China, New Delhi, Beijing, India, Aksai Chin, Ladakh, Delhi, India China, Mumbai, British, Bengaluru, If, United States, Japan, US, Australia, Jammu, Kashmir, Pakistan

☆ Opinion | In India’s Gang Rape Culture, All Women Are Victims
▼ + stars: | 2023-06-02 | by ( Vidya Krishnan | ) www.nytimes.com time to read: +1 min

GOA, India — My niece was just 4 years old when she turned to my sister-in-law in a packed movie theater in Mumbai and asked about gang rape for the first time. We were watching the latest Bollywood blockbuster about vigilante justice, nationalistic fervor and, of course, gang rape. Didi’s gang rape took place offscreen, but it didn’t need to be shown. You may wonder, “Why take a 4-year-old to such a movie?” But there is no escaping India’s rape culture; sexual terrorism is treated as the norm. India’s favorite profanities are about having sex with women without their consent.

Persons: Didi Organizations: . Society Locations: GOA, India, Mumbai

☆ U.S. FDA approves Krystal Biotech's skin-disorder gene therapy
▼ + stars: | 2023-05-19 | by ( Pratik Jain | ) www.reuters.com time to read: +1 min

May 19 (Reuters) - The U.S. Food and Drug Administration on Friday approved Krystal Biotech Inc's (KRYS.O) first-of-its kind topical gene therapy for patients with a genetic skin disorder, sending its shares up 7% in afternoon trading. Patients with the rare dystrophic epidermolysis bullosa disorder suffer from open wounds, causing skin infections and are at an increased risk of vision loss, scarring and skin cancer. The therapy, Vyjuvek, is expected to be available in the United States in the third quarter of 2023, Krystal Biotech CEO Krish Krishnan told Reuters ahead of the FDA decision. Our intent is to provide access to all the patients if possible in the United States," Krishnan said. About 9,000 to 10,000 people suffer from dystrophic epidermolysis bullosa globally, including a U.S. population of about 3,000 patients, according to Krystal Biotech.

☆ TikTok and Free Speech Groups Appear Poised for Legal Fight Over Montana Ban
▼ + stars: | 2023-05-18 | by ( Sapna Maheshwari | David Mccabe | ) www.nytimes.com time to read: +2 min

Ms. Oberwetter also pointed to statements from civil and digital groups raising similar concerns. To justify a ban, Ms. Krishnan said, Montana would have to show that its privacy and security concerns were real and that they could not be addressed in narrower ways. “I don’t think TikTok has yet committed to suing, but I think it’s likely that it will,” Ms. Krishnan said. Montana’s law came after the federal government and more than two dozen states banned TikTok on government devices in recent months. TikTok says that it has never been asked to provide, nor has it provided, any U.S. user data to the Chinese government.

☆ Walmart keeps grocery prices steady amid inflation, antitrust claims
▼ + stars: | 2023-05-05 | by ( Siddharth Cavale | ) www.reuters.com time to read: +6 min

During the period, while U.S. inflation averaged 7.5% Walmart kept prices steady, the Dataweave analysis shows. Reuters Graphics Reuters GraphicsThis was during a time when world food prices hit record highs and U.S. food-at-home prices rose in the double digits. Food-at-home prices, or prices of food bought at grocery stores and supermarkets, are expected to rise a further 6.6% this year, according to the U.S. Department of Agriculture. The data set, which included batteries in the basket of goods, showed that Walmart sold Energizer batteries at a significant discount to rivals. Similarly, at least two different types of Energizer coin batteries sold at Walmart were found to be between 30% and 35% cheaper than the next lowest priced rival.

☆ Indian court orders YouTube to remove fake news on Bachchan grandchild
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/File PhotoNEW DELHI, April 20 (Reuters) - The Delhi High Court on Thursday ordered YouTube to remove fake news videos about the grand-daughter of Bollywood superstar Amitabh Bachchan, in response to her petition to stop circulation of false rumours about her health, lawyers said. Judge C. Hari Shankar ordered YouTube to ensure the videos about Aaradhya Bachchan, 11, were taken down immediately. Three lawyers representing Aaradhya said in a statement that it was a landmark judgment as the court has upheld the privacy of a child. Aaradhya is the daughter of actors Abhishek Bachchan and Aishwarya Rai Bachchan and is frequently photographed accompanying them at public events. Aishwarya Rai Bachchan is a former Miss World and a brand ambassador for L'Oreal (OREP.PA).

☆ Aviva Investors: This has been a very unloved rally so far
▼ + stars: | 2023-04-05 | 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 EmailAviva Investors: This has been a very unloved rally so farSunil Krishnan, head of multi-asset funds at Aviva Investors, discusses banking turmoil, earnings revisions and where stocks could trade for the rest of this year.

☆ Two Google engineers built a ChatGPT-like AI chatbot years ago, but execs reportedly shut it down due to safety concerns
▼ + stars: | 2023-03-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Ex-Google engineers developed a conversational AI chatbot years ago, per The Wall Street Journal. Google is now racing to catch up with Microsoft's AI and plans to release its AI chatbot this year. "It caused a bit of a stir inside of Google," Shazeer said in an interview with investors Aarthi Ramamurthy and Sriram Krishnan last month. But Google's AI plans may now finally see the light of day, even as discussions around whether its chatbot can be responsibly launched continue. Alphabet chairman John Hennessy agreed that Google's chatbot wasn't "really ready for a product yet."

☆ The yen should be 'one of the real winners' in 2023, fund manager says
▼ + stars: | 2023-01-26 | 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 EmailThe yen should be 'one of the real winners' in 2023, fund manager saysSunil Krishnan, head of multi-asset funds at Aviva, says the Japanese yen will probably be "one of the big themes" in currency markets.

☆ Drag Story Hour protest in NYC caps a year of anti-drag attacks
▼ + stars: | 2022-12-31 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +6 min

The latest occurred Thursday outside a public library in the borough of Queens, where a Drag Story Hour event for children was scheduled. A spokesperson for the New York City Police Department said one person was arrested in connection with Thursday’s protest. Demonstrators gather for a protest in support of the Drag Story Hour outside the Queens Public Library in New York on Thursday. Demonstrators gather to protest against Drag Story Hour outside the Queens Public Library in New York on Thursday. Yuki Iwamura / AFP via Getty ImagesThursday’s incident marks at least the second protest of a Drag Story Hour event in New York City this month.

☆ After Twitter users voted to oust Elon Musk as CEO, he wants to change how polls work
▼ + stars: | 2022-12-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —When Elon Musk polled Twitter users about whether to reinstate former President Donald Trump’s account, he quickly followed through on the majority’s wish to do so. But since a clear majority of Twitter users voted for Musk to step down as Twitter CEO in another poll on Sunday, Musk has remained conspicuously (and uncharacteristically) silent. After one Twitter user said, “Blue subscribers should be the only ones that can vote in policy related polls,” Musk responded, “Good point. There is no successor.”CNBC reported Tuesday that Musk is “actively searching” for a new Twitter CEO, citing anonymous sources. The most obvious potential candidates for a new Twitter CEO are the Musk lieutenants who have been helping to run the company since his takeover.

☆ Main Street is buying stocks while Wall Street sells: What gives?
▼ + stars: | 2022-12-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But not all traders are on the same ride — the large, institutional investors on Wall Street have shuffled away from markets while Main Street’s retail investors are still strapped in. But despite this year’s lackluster market, investors bought $800 billion of Exchange Traded Funds which are baskets of stocks typically purchased by retail investors. However, Main Street is holding on to its stocks while Wall Street is running for the hills. One simple explanation is that institutional investors are responsible for vast amounts of money that belong to other people. “Respect, for retail investors, is in short supply,” wrote Azalea Micottis at Informa Financial Intelligence, in a recent note.

☆ Here’s who Elon Musk could pick to be Twitter’s next CEO
▼ + stars: | 2022-12-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

New York CNN —Elon Musk may soon be on the lookout for a new chief executive to run Twitter. There is no successor.”If Musk were to look for a new Twitter CEO, he’d likely have many willing takers. Jack Dorsey, Twitter founder, CEO of Block and friend to Musk, has previously said he would not return to run the social network. The most obvious potential candidates for a new Twitter CEO are the Musk lieutenants who have been helping to run the company since his takeover. Who is insane enough to run twitter?!?

☆ Elon Musk voted out as CEO of Twitter by poll he created
▼ + stars: | 2022-12-19 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN —A Twitter poll created by Elon Musk asking whether he should “step down as head of Twitter” ended early Monday morning with most respondents voting in the affirmative. But Tesla shares were up 5% in premarket trading after the poll results were revealed. After taking over Twitter, Musk dissolved the company’s board and its C-Suite emptied out. As the sole board director and owner of the company, Musk can appoint the next CEO – and also tell that person what to do in the role. Shortly after Musk posted his latest poll, Calacanis posted a poll of his own asking who should take over as Twitter’s next CEO: himself, Sacks, or Calacanis and Sacks together as co-CEOs.

☆ A SpaceX director defended Elon Musk after Twitter layoffs, telling employees to show some empathy for the billionaire, report says
▼ + stars: | 2022-12-15 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

A SpaceX director told Twitter staff to show empathy for Elon Musk after mass layoffs, per Bloomberg. Staff have called Gracias and other people Musk has brought into Twitter as "goons," per the report. Twitter employees have referred to these people as "the goons," per Bloomberg. Gracias, Twitter, and SpaceX didn't immediately respond to Insider's request for comment made outside of normal US operating hours. It follows the loss of thousands of Twitter employees through firings, layoffs, and resignations since Musk bought the platform in late October.

☆ SpaceX, Tesla, and Boring Company execs are helping Elon Musk at Twitter, records reveal
▼ + stars: | 2022-12-08 | by ( Lora Kolodny | ) www.cnbc.com time to read: +6 min

Ever since, he has enlisted high-ranking executives and engineers from his other businesses, including SpaceX, Tesla and The Boring Company, to help out at the social media company, according to internal records obtained by CNBC and conversations with recent Twitter employees. Musk has also enabled partners from investment firms who participated in the Twitter buyout access to work within the social media company. In his testimony, Musk characterized Tesla employees' work for him at Twitter as "just a voluntary thing." He also said: "This was sort of an after-hours, just if you're interested in evaluating the -- helping me evaluate Twitter engineering, that would be nice. In addition to Tesla employees, Musk has also enlisted execs and employees from SpaceX, the reusable rocket and satellite internet services company he founded in 2002, to help him at Twitter.

☆ Andreessen Horowitz's buzzy tech publication Future is shutting down
▼ + stars: | 2022-12-01 | by ( Rob Price | Melia Russell | ) www.businessinsider.com time to read: +12 min

A source familiar with Andreessen Horowitz's content strategy confirmed to Insider that Future is shutting down. An Andreessen Horowitz spokesperson declined to comment on the record. Joe LonsdaleIn this new climate, many tech and venture firms' media strategy has shifted from glorified marketing to a more full-fledged editorial operation. In 2021, an army of more than two dozen marketers at Andreessen Horowitz doubled down on this approach. Disclosure: Melia Russell's husband is a former employee of Andreessen Horowitz.

☆ Singapore's PropertyGuru slips back into the red with $5.3 million net loss for the third quarter
▼ + stars: | 2022-11-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Lauryn Ishak | Bloomberg | Getty ImagesSingapore-based online property portal PropertyGuru posted a net loss of $7.4 million Singapore dollars ($5.3 million) for the quarter ended Sept. 30 — down from last quarter's net profit of SG$3.8 million. But that's still lower than the net loss of SG$9.6 million in the same period a year ago, and third quarter revenue grew by 47% year on year. Meanwhile, adjusted EBITDA for the third quarter improved to positive SG$5.7 million, up from an adjusted EBITDA loss of SG$1.5 million in the same period a year ago. The online portal provides information across the Singapore, Malaysia, Indonesia, Thailand and Vietnam marketplaces. In an interview with CNBC's "Squawk Box Asia" Tuesday, Dische pointed to trends in the Malaysia and Singapore property markets.

☆ Analysis: Twitter was already in disarray. Trump's return will only make it more chaotic
▼ + stars: | 2022-11-20 | by ( Seth Fiegerman | ) edition.cnn.com time to read: +4 min

(He also noted Trump’s return comes a day before the World Cup is set to kick off, a high-traffic event for the platform.) Instead, Musk tweeted a poll Friday, asking followers to vote whether or not to restore Trump’s account. But Trump also made Twitter into the center of the known media and political universe. Celebrities, world leaders, and a long list of critics and supporters often engaged with Trump directly on Twitter. But one answer seems clear: Musk appears to be betting that if users can’t turn away from the platform, neither can advertisers.

Sharm el-Sheikh, Egypt CNN —Delegates from nearly 200 counties at the COP27 climate summit have agreed to set up a “loss and damage” fund meant to help vulnerable countries cope with climate disasters, in a landmark deal early Sunday morning in Sharm el-Sheikh, Egypt. And in previous public remarks, US Climate Envoy John Kerry had said loss and damage was not the same thing as climate reparations. “This loss and damage fund will be a lifeline for poor families whose houses are destroyed, farmers whose fields are ruined, and islanders forced from their ancestral homes,” World Resources Institute CEO Ani Dasgupta said. Beyond 1.5 degrees, the risk of extreme drought, wildfires, floods and food shortages will increase dramatically, scientists said in the latest UN Intergovernmental Panel on Climate Change (IPCC) report. On Saturday, EU officials threatened to walk out of the meeting if the final agreement failed to endorse the goal to limit warming to 1.5 degrees Celsius above pre-industrial levels.

CNN —Former US President Donald Trump’s Twitter account has been reinstated on the platform. The account, which Twitter banned following the January 6, 2021, attack on the Capitol, was restored after Twitter CEO and new owner Elon Musk posted a poll on Twitter on Friday night asking the platform’s users if Trump should be reinstated. Asked on Saturday what he thought of Musk purchasing Twitter and his own future on the platform, Trump praised Musk but questioned whether the site would survive its current crises. It may make it, it may not make it.”Still, Trump said he liked Musk and “liked that he bought (Twitter. Soon after Trump’s Twitter ban, he was also restricted from Meta’s Facebook and Instagram, which could also restore his accounts as soon as January 2023.

☆ Meet the members of Elon Musk's inner circle said to be helping him fix Twitter
▼ + stars: | 2022-11-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Picked from Musk's inner circle of allies, friends, and ex-colleagues, these are the people reportedly helping him fix Twitter. Three days after Musk's acquisition, Krishnan tweeted that he was temporarily "helping out" Musk after the takeover. Sources told Insider he was listed on Twitter's company directory as a staff software engineer and was assigned a company email address. Bloomberg reported that Birchall played a key part in securing the financing for Musk's Twitter purchase. Over the past week, Musk's right-hand man has also been among the team strategizing inside Twitter, per The Washington Post.

Elon Musk seems determined to remake Twitter in his own image — with some help from the men in his trusted inner circle. They are joined in Musk’s orbit by Alex Spiro, a trial attorney with a roster of celebrity clients who reportedly led the first round of Twitter layoffs. Bloomberg reported Wednesday night that Twitter is preparing to eliminate about 3,700 jobs, or roughly half its workforce. Musk's personnel decisions suggest a possible road map for the future of Twitter, one in which policies and internal rules are drawn at least in part from the views of Musk’s consiglieres. Sacks, Calacanis, Spiro and Birchall did not immediately respond to questions about the company’s future and the nature of their roles there.

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