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☆ Billionaire group behind mystery Silicon Valley city says it's done buying up land. The company now owns a property the size of Beaumont, Texas.
▼ + stars: | 2023-11-04 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The group, Flannery Associates, has so far purchased more than 53,000 acres of land. Flannery Associates has been grabbing plots of land in Solano County, about 60 miles from San Francisco, for the past five years. Flannery Associates had acquired about 52,000 acres of farmland around Travis Air Force Base in rural Solano County. AdvertisementAdvertisementFlannery filed a lawsuit against a group of Solano County landowners and farmers in May, claiming that they conspired to inflate land prices. An attorney for Flannery Associates did not respond to a request for comment sent outside business hours.

Persons: Flannery, —, it's, Marc Andreessen, Laurene Powell, Jan Sramek, Goldman Sachs Organizations: Silicon, Flannery Associates, Service, Bloomberg, Travis Air Force Base Locations: California, Beaumont , Texas, Sioux Falls , South Dakota, Solano County, San Francisco, Solano County .

☆ A mystery company backed by Silicon Valley elites is buying up land to build a new city. Farmers say they've been pressured to sell up.
▼ + stars: | 2023-10-31 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

New filings accuse the company backed by Marc Andreessen and Reid Hoffman of forcing farmers to sell up. Solano County farmers say Flannery Associates targeted them with pressure tactics and litigation. The company has bought up 52,000 acres outside San Francisco to build a utopian city. AdvertisementAdvertisementThe company that wants to create an entirely new city in California, and that's backed by Silicon Valley billionaires, has been accused of coercing farmers into selling their land. AdvertisementAdvertisementCalifornia Forever, the parent company behind Flannery Associates, did not immediately respond to a request for comment from Insider, sent outside normal working hours.

Persons: Marc Andreessen, Reid Hoffman, Flannery, —, John Garamendi, Jan Sramek, Mark Friedman, Princess Washington Organizations: Service, Silicon, Bloomberg, California, KQED, New York Times, Flannery Associates Locations: Solano, San Francisco, California, Solano County, Sacramento, Princess, Suisun City

☆ Opinion | A Tech Billionaire’s Case for Why Tech Billionaires Should Rule the World
▼ + stars: | 2023-10-28 | by ( Elizabeth Spiers | ) www.nytimes.com time to read: +2 min

It takes a certain kind of person to write grandiose manifestoes for public consumption, unafflicted by self-doubt or denuded of self-interest. In this vision, wealthy technologists are not just leaders of their business but keepers of the social order, unencumbered by what Mr. Andreessen labels “enemies”: social responsibility, trust and safety, tech ethics, to name a few. But the real problem with Mr. Andreessen’s manifesto may be not that it’s too outlandish, but that it’s too on-the-nose. In the case of ordinary individuals, however, debt is regarded as not just a financial failure but a moral one. (If you are successful and have paid your student loans off, taking them out in the first place was a good decision.

Persons: Marc Andreessen, Andreessen Horowitz, ” Organizations: Netscape

☆ Opinion | The Reactionary Futurism of Marc Andreessen
▼ + stars: | 2023-10-26 | by ( Ezra Klein | ) www.nytimes.com time to read: +4 min

I think the Republican Party’s collapse into incoherence reflects the fact that much of the modern right is reactionary, not conservative. It’s a coalition obsessed with where we went wrong: the weakness, the political correctness, the liberalism, the trigger warnings, the smug elites. The Silicon Valley cohort Andreessen belongs to has added a bit to this formula. Rather, it’s the pairing of the reactionary’s sodden take on modern society with the futurist’s starry imagining of the bright tomorrow. So call it what it is: reactionary futurism.

Persons: Jordan Peterson, J.D, Vance, Peter Thiel, Donald Trump, Patrick Deneen, ” Mark Lilla, “, —, ”, else’s, Andreessen, Nietzsche, ” “, John Galts Locations: incoherence, It’s

☆ In a world of infinite AI, the new luxury item will be humans
▼ + stars: | 2023-10-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

The same inevitable supply-and-demand dynamic is about to wash over us again with large language models and generative AI. AI models are trained on masses of data from the past. Humans are good at learning quickly from a small amount of data, while AI models need mountains of information to train on. Soon, human content creators will be vying for attention with content generated by AI models. 'Utility, value and signaling'Hartz, a venture capitalist who now chairs Eventbrite's board, says successful technologists will continue to spend heavily on human experiences.

Persons: —, Kevin Hartz, Eventbrite, Taylor Swift, Marc Andreessen, Hartz, John Barone, you'll, Sal Khan, That's, Gates, Michael Larson, Elon Musk's, Morgan Stanley, Jared Birchall, Noam Brown, He's, Mark Zuckerberg, Zuckerberg Organizations: Service, Khan Academy, Menlo School, Sigma, Bloomberg, Meta, OpenAI, Google, Amazon Locations: GPT, Fiji, Palo Alto, Silicon, Menlo

☆ A quick explainer on Silicon Valley's newest, controversial philosophy
▼ + stars: | 2023-10-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

It's an old Silicon Valley philosophy packaged anew: Growth without guardrails. Silicon Valley enters the age of e/accAndreessen and other prominent Silicon Valley figures such as Y Combinator president Garry Tan have quietly added the term e/acc to their social media profiles. In his manifesto, Andreessen calls it "techno-optimism." To some extent, it's a repackaging of what Silicon Valley has always peddled — let us build, grow, and make money without limitations. "Techno-optimists believe growth is progress," Andreessen argues, adding that growth is driven by the progress of technology without hindrance.

Persons: Marc Andreessen, —, Andreessen, Andreessen Horowitz, Andy Warhol, Milton Friedman, Prometheus, Y, Garry Tan, pesky ethicists, Carl, Benedikt Frey, Frey Organizations: Service, Silicon, acc Andreessen, acc, Netscape, Oxford Internet Institute Locations: Silicon Valley, digressions, OpenAI

☆ VCs Marc Andreessen, John Doerr among attendees at Schumer's next AI forum
▼ + stars: | 2023-10-23 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Technologists and advocates are again set to visit Capitol Hill on Tuesday to discuss with Senate leaders the perils and promises of artificial intelligence. Venture capitalists Marc Andreessen, co-founder and general partner of Andreessen Horowitz, and John Doerr, chair of Kleiner Perkins, will be among the 21 attendees at the second AI Insights Forum hosted by Senate Majority Leader Chuck Schumer, D-N.Y., according to a spokesperson for his office. The session is a continuation of the Majority Leader's effort to get the chamber up to speed on AI to determine how best to approach AI regulation. For example, Future of Life Institute President Max Tegmark is also set to attend. Other tech leaders such as Micron Executive Vice President Manish Bhatia, Revolution CEO Steve Case, Stripe CEO Patrick Collison and Cohere CEO Aidan Gomez will be in attendance.

Persons: Marc Andreessen, Andreessen Horowitz, John Doerr, Kleiner Perkins, Chuck Schumer, Andreessen, Max Tegmark, Elon Musk, Manish Bhatia, Steve Case, Patrick Collison, Aidan Gomez, Derrick Johnson, Amanda Ballantyne, Satya Nadella, Bill Gates, Mark Zuckerberg, Sundar Pichai, Sam Altman Organizations: Capitol, Senate, China, Life, Life Institute, Tesla, Space X, Micron, NAACP, AFL, Technology, Microsoft, Google, CNBC, YouTube Locations: coders, India

casey newton[CHUCKLES]:: And it would be so funny if the AI actually already was deceptive and was just like, oh, yeah, Kevin, you’ve already figured us out. But I also think it’s part of this sort of undercurrent of the conversation, especially around AI right now. Marc Andreessen — he is clearly so angry at all of the people who criticize technology, technology companies, tech investors. And he is just really, really going after that crowd with this piece. brent sealesYou know I don’t really know.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton, hasn’t, kevin roose I’m, I’m, KEVIN, casey newton Yes, Kevin Roose, ” casey newton, Casey Newton, Marc Andreessen, Casey, we’ve, kevin roose Totally, Claude chatbot, Claude, Anthropic’s, chatbot, Anthropic hadn’t, Anthropic, Kevin, — they’re, roose, Meta, it’s, I’ve, Bard, casey newton It’s, there’s, you’ve, casey newton Yeah, didn’t, Kevin — I’m, it’ll, Kevin —, Andreessen Horowitz, Uncle Marc, ”, “ you’re, Tucker Carlson, Jesus Christ, casey newton Well, kevin roose Oh, he’s, McCarthy, —, Nick Land, casey newton Totally, You’re, Daron Acemoglu, Simon Johnson, It’s, Marc Andreessen —, they’re, Nietzschean supermen, Nietzschean, Marc, casey newton Heck, Andreessen, Marc Andreessen decries, Marc Andreessen’s, CASEY, kevin roose That’s, you’re, Nat Friedman, who’s, Daniel Gross, John, Patrick Collison, Toby Lutke, Shopify, Aaron Levie, Brent Seales, — casey newton, There’s, Luke Farritor, ” brent seales, brent seales, that’s, Seales, haters, brent seales That’s, you’ll, casey newton Yep, brent seales —, brent seales We’d, brent seales They’re, They’re, Luke, Brent, brent seales Pliny, Elder, Jesus, brent seales What’s, casey newton Right, we’re Organizations: YouTube, The New York Times, Facebook, Google, Intelligence, America, AIs, Stanford, Communist, Netscape, Fox News, Communist Party, Technology, Venture, Twitter, acc, kevin roose Venture, Companies, Meta, University of Kentucky, British Locations: ”, Anthropic, China, Florida, California, United States, Europe, Romanian, interpretability, Valley, America, Silicon, Silicon Valley, Vesuvius, Rome, Greece, Herculaneum, Venice, Roman

☆ Fed-up employees might threaten to quit if changes aren't made to their job, but 'thruitting' often does more harm than good
▼ + stars: | 2023-10-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

siraanamwong/Getty ImagesYou're fed up with your job and are finally going to let your manager know it: "Fix this, or I'm leaving." In a bid to keep up with the never-ending stream of workplace trends, let's call this one "thruitting." AdvertisementAdvertisementFor your bookmarksFree tax filing programUS Treasury Secretary Janet Yellen has said tax filing should be simple. SAUL LOEB/AFP via Getty ImagesSee if you're eligible for the IRS' new, free tax filing pilot in 13 states. It's part of the department's attempt to make tax filing simpler and more cost-effective.

Persons: Marc Andreessen, Chris Williams, Williams, simplehappyart, Today's, Siu, It's, SCOTT MORGAN, Charlie Munger, Warren Buffett's, Everyone's, Jeffrey Gundlach, Jensen Huang, Young Liu, Chiang Ying, Marc Andreessen's, Elon Musk, Musk, Arantza Pena Popo, Dolly, Janet Yellen, SAUL LOEB, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Microsoft, Treasury, Barclays, Baron Partners Fund, Nvidia, University of Pennsylvania, America, Blackstone, Getty, IRS Locations: Israel, Cincinnati , Ohio, New York City, San Diego, London, New York

☆ Slowing down on AI will cause preventable deaths — and that's a form of murder, says Marc Andreessen
▼ + stars: | 2023-10-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Billionaire investor Marc Andreessen posted a mammoth 5000-word techno-optimist manifesto on Monday. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Andreessen. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Marc Andreessen. "Our enemies are not bad people – but rather bad ideas, "Andreessen wrote. Andreessen and Andreessen Horowitz did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Marc Andreessen, —, Andreessen, Elon Musk, Sam Altman —, Andreessen Horowitz Organizations: Service, Forbes

☆ Marc Andreessen is getting raked over the coals for calling social responsibility the 'enemy'
▼ + stars: | 2023-10-17 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

VC Marc Andreessen wrote a lengthy missive this week, titled "The Techno-Optimist Manifesto." AdvertisementAdvertisementIt wouldn't be a Marc Andreessen essay if the internet didn't lose its mind over it. Rather, technology, he wrote, can solve for "any material problem" under the sun and herald a new era of "abundance for everyone." The backlash to Andreessen's essay was swift. He runs one of the biggest venture capital firms by assets and perceived importance.

Persons: Marc Andreessen, —, Kara Swisher, Andreessen, Ben Collins, Andreessen's missive, Dorothea Baur, Cameron Moll, he's, Gary Marcus, Marcus, what's, Aravind Srinivas, A16z, Collins, Andreessen Horowitz, Del, Johnson Organizations: Service, Securities and Exchange Commission, Facebook, Backstage Capital, Silicon Valley Bank, Venture Locations: Silicon Valley, Del Johnson, Silicon

☆ Tech Industry Made Americans Lonelier, Now It Has to Help Connect Us
▼ + stars: | 2023-10-10 | by ( David Risher | ) www.businessinsider.com time to read: +11 min

A company that prioritizes product-market fit can build a great, customer-focused business. The venture capitalist Marc Andreessen has said that for startups, product-market fit is "the only thing that matters." I appreciate Marc's wisdom: Great product-market fit produces a sugar high. And that goal is well aligned with the broader social goal of making people less lonely. Over time, it became apparent that this was not a great social fit.

Persons: I'm, Vivek Murthy, Robert Putnam's, Jeff Bezos, I've, Marc Andreessen, It's, haven't, Apple, Eventbrite, David Risher Organizations: Netflix, Apple, Amazon, Lyft Locations: —

☆ Donald Trump and Kim Kardashian weren't rich enough to make Forbes' list of the richest Americans
▼ + stars: | 2023-10-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

To make Forbes' 2023 list of the 400 richest Americans, you needed a net worth of $2.9 billion. Forbes' released its annual ranking of the 400 richest Americans on Tuesday, and Trump didn't make the cut. Kardashian, the wealthiest member of the Kardashian-Jenner family with a net worth of $1.7 billion, also didn't make the list. In business, Tim Cook and Sheryl Sandberg, each with an estimated net worth of $1.8 billion, both missed the cut. The top 20 richest Americans are richer than ever before, collectively worth $1.9 trillion, according to Forbes.

Persons: Forbes, didn't, Donald Trump, Oprah Winfrey, Evan Spiegel, —, Kim Kardashian, Tim Cook, Sheryl Sandberg, Trump, Kardashian, Jenner, Jay, LeBron James, Oprah didn't, Charles Munger, Ted Turner, Reid Hoffman, Marc Andreessen, Elon Musk Organizations: Service, Trump, Apple, Forbes, Berkshire Hathaway's, CNN Locations: New York

☆ Our crisis of loneliness, the new bet investors are going after
▼ + stars: | 2023-10-04 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Not long after founding the startup, Gaon shared his vision with famed venture capitalist Marc Andreessen. It was notable to Gaon at the time that Andreessen — "one of those investors who's known for seeing where the market is going" — appeared to have pinpointed loneliness as its own market. That moved her parents, Cindy and Anne Jordan, who had sold their first healthtech company years before, to found the Arizona company Pyx Health. "The loneliness crisis is bigger, and more urgent, than anything I've worked on before," Nyborg wrote in a blog post. Inspired debuted a thesis in 2020 that identified loneliness as a key focus for the firm to invest in.

Persons: Benjamin Gaon, Boaz Gaon, Benny, Gaon, Marc Andreessen, Andreessen, Wisdo, —, Anne Wojcicki, Marius Nacht, Andreessen Horowitz, Vivek Murthy, Betsy Hoover, Bumble, Rylie Sarabia, Cindy, Anne Jordan, policyholders, Dawn Owens, it's, Owens, Julie Rice, Elizabeth Cutler, Rice, Peoplehood, Phil Levin, Levin, Culdesac, Renate Nyborg, I've, Nyborg, Hugo Amsellem, He's, Ava, Catalyst, Nate Tepper, Tepper, Adam Besvinick, Frances Haugen, Hoover, Alexa von Tobel, von Tobel, David Spinks Organizations: Pyx, Labs, verve, Investors, Pyx Health, TT Capital Partners, New, Khosla Ventures, Sequoia Capita, AI Fund, NEA, AIs, Looking Glass, Anonymous, Glass, Facebook, Bloomberg Locations: Arizona, Minneapolis, New York, Ava, France, Peoplehood, Hopscotch

☆ I looked at the plans for the new city proposed by Silicon Valley elites. They're really terrible.
▼ + stars: | 2023-09-28 | by ( Adam Rogers | ) www.businessinsider.com time to read: +17 min

Right now, California Forever is just a website with some ideology and a handful of hopeful sketches with a faintly socialist-utopian flair. AdvertisementAdvertisementCities of the future of the pastThe California Forever art illustrations show at a place that'll look startlingly familiar. Point is, the garden city remains a dream honored more in the breach — in pitches like the one for California Forever. Just about 60 miles southeast of the California Forever site is a residential development called Mountain House. It's what plans like California Forever look like when brick starts getting laid.

Persons: Daniel Burnham, Burnham, Marc Andreessen, Chris Dixon, Michael Moritz, Laurene Powell Jobs, Collison, Flannery, Peter Thiel, Goldman, Jan Sramek, Sramek, Ebenezer Howard, Howard, What's, Foreverville, That's, it's, Banks, John Nash's London, what's, It's, Walt Disney, Gabriel Metcalf, BH Bronson Johnson, Dan Parolek, Adam Rogers Organizations: Travis Air Force Base, New York Times, Flannery Associates, Industry, Truman, California, Western Railway, California Forever, St, BH Locations: Chicago, California, Solano County, Sacramento, Solano, Silicon, Los Angeles, England, Japan, New York, Philadelphia, Seaside , Florida, Pontevedra, Spain, Paris, Tempe, doesn't, Foreverville, Pirates, Caribbean, Toronto, Culdesac

☆ The Silicon Valley investors who secretly bought up $800 million in Northern California real estate reveal unexpected plans for 'a city of yesterday'
▼ + stars: | 2023-09-26 | by ( Chris Kaye | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A mysterious company backed by Silicon Valley investors has been purchasing land near San Francisco. They're planning to build a retro city on the 52,000 acres of farmland they bought. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe Silicon Valley investors that got the government's attention by gobbling up $800 million worth of land outside San Francisco say the mystery city they plan on building is, well… kinda retro. Solano County Google Maps"The plans that people put forward will be very inspired by those great old American neighborhoods that someone who was born 100 years ago will recognize," Sramek told KQED.

Persons: —, we've, Jan Sramek, Sramek, Goldman Sachs, Marc Andreessen, Laurene Powell Jobs, Michael Moritz of, Reid Hoffman, Flannery, who've, Catherine Moy, Moy, Bill Gates, Elon Musk, Musk, Chap Ambrose, Ambrose, Azmi Haroun Organizations: Service, KQED, The New York Times, Michael Moritz of Sequoia Capital, Flannery Associates, Travis Air Force Base, Solano County Google, Boring Company, SpaceX, Washington Post Locations: Silicon, San Francisco, California, Solano County, Bay, Fairfield, Solano Silicon, Austin , Texas, Bastrop Country

☆ A private island near San Francisco with storied connections to Silicon Valley billionaires is on the market for $75 million
▼ + stars: | 2023-09-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Point Buckler Island in Solano County, California, last sold for $150,000 in 2011. The 50-acre private island was a kiteboarding hotspot frequented by tech giants. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisement"I've run out of money to fight and the island is worth a lot of money," he said. The shipping container clubhouse on Point Buckler Island Courtesy of John SweeneyThe island's ritzy history is part of the reason for its $75 million price tag, Sweeney explained.

Persons: It's, Larry Page, Sergey Brin, John Sweeney, Sweeney, Flannery, Marc Andreessen, Laurene Powell, John Sweeney Flannery, Solano Organizations: Service, SF, Flannery Associates, Laurene Powell Jobs, New York Times Locations: Buckler, Solano County , California, Wall, Silicon, San Francisco Bay, Point Buckler, San Francisco, Bay, Solano County, Suisun

☆ Billionaire investor Bill Ackman's answer to the RTO pushback is to let employees work from anywhere in July and August
▼ + stars: | 2023-09-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Billionaire investor Bill Ackman seems to have found a formula against the return-to-office pushback. His employees at Pershing Square can work from anywhere in July and August. Ackman said the arrangement has been working well for Pershing Square staff, who like the balance. While many companies are still trying to figure out the best work arrangements amid pushback against RTO orders, billionaire investor Bill Ackman appears to have found a solution he thinks is working. Pershing Square did not immediately respond to a request for comment from Insider sent outside regular business hours.

Persons: Bill Ackman, Ackman, that's, Ackman's, Elon Musk, Jamie Dimon, Marc Andreessen, Dimon, Musk Organizations: Pershing, Pershing Square, Service, Capital Management, New York, Forbes, SpaceX, JPMorgan, CNBC Locations: Wall, Silicon

☆ Real-estate crowdfunding is a house of cards. PeerStreet's bankruptcy reveals why.
▼ + stars: | 2023-09-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +21 min

Like many PeerStreet investors who spoke with Insider, Mincher has a strong résumé. Another form of crowdfunding, equity crowdfunding, works a bit like the stock market without the onerous and expensive process of initial public offerings. The PeerStreet investors who spoke with Insider said the outcome of this case could determine whether they stick with real-estate crowdfunding. Others, such as Fundrise, have moved away from crowdfunding in favor of a model for private real-estate investment trusts, similar to the BREIT later offered by Blackstone. Fritton, the former Patch of Land CEO, said Fundrise's fund model was the wave of the future for real-estate crowdfunding.

Persons: Michael Burry, Christian Bale, Burry's, Crowdfunding, Burry, Andreessen Horowitz, they're, Braun Mincher, PeerStreet, who've, Judge Laurie Selber Silverstein, Brew Johnson, he's, Braun, Mincher, —, it's, Michael Burry Astrid Stawiarz, Ian Ippolito, Ippolito, John McNellis, PeerStreet Ippolito, McNellis, El, Marc Andreessen, Phil McCarten, Silverstein, wouldn't, Sean Quinn, Doug Lyon, Lyon, that's, Jason Fritton, Kirk Brett, there's, Brett, iFunding, CrowdStreet, Nightingale's Elie Schwartz, Nightingale, Schwartz, Yieldstreet, Fritton Organizations: CNBC, Main, PeerStreet, Facebook, McNellis Partners, Funding Trust, Fairfield University, Magnetar, Adler, Securities and Exchange Commission, Department of Justice, Securities, Exchange Commission, SEC, Investors, Blackstone Locations: Delaware, El Segundo , California, crowdfunding, There's

☆ Marc Andreessen pushes back on fears that AI will kill us all: 'That's not how it works'
▼ + stars: | 2023-09-07 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Marc Andreessen said on the podcast Huberman Lab that fears around AI are overblown. The billionaire venture capitalist said that AI won't "decide to kill us all" and replace jobs. The real concern, he said, is the possibility that AI may end up in the hands of malicious actors. "A lot of the science-fiction scenarios are just not real," Andreessen said on an episode of Huberman Lab, a podcast led by Andrew Huberman, a neuroscientist. "AI can be an incredibly powerful tool for solving problems, and we should embrace it as such," Andreessen wrote.

Persons: Marc Andreessen, Andreessen Horowitz, Andreessen, Andrew Huberman, Alexis Ohanian isn't, Elon, —, Sam Altman, Andreessen didn't, A16z Organizations: Service, OpenAI Locations: Wall, Silicon

☆ Sam Altman thinks Silicon Valley has lost its culture of innovation
▼ + stars: | 2023-09-07 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI's Sam Altman thinks Silicon Valley no longer has an innovation culture. "Before OpenAI, what was the last really great scientific breakthrough that came out of a Silicon Valley company?" Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "There used to be great research that happened in companies in Silicon Valley, Xerox PARC being the obvious example. To this, Altman responded by saying Silicon Valley did have a product innovation culture, but he felt it missed the mark on groundbreaking research.

Persons: OpenAI's Sam Altman, Sam Altman, Altman, Nicolai Tangen, I'm, Marc Andreessen, Andreessen, Horowitz, Matt Miller, Altman's OpenAI, ChatGPT, OpenAI Organizations: Service, Xerox PARC, Norges Bank Investment, Sequoia Capital, Biosciences Locations: Wall, Silicon, Silicon Valley, China, California, OpenAI

☆ Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'
▼ + stars: | 2023-09-05 | by ( Janie Har | Associated Press | ) www.businessinsider.com time to read: +9 min

Silicon Valley billionaires revealed plans to build a new city after buying $800 million in land. The land was quietly purchased in Solano County, a rural area near San Francisco and Sacramento. Most of the land purchased is in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. Billionaires want to build a new city in rural California, but they're encountering wavering support from locals and lawmakers. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.

Persons: Jan Sramek, Goldman Sachs, Flannery, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, Marc Andreeseen, Lauren Powell Jobs, Michael Moritz, Paul Chinn, Countess, Michael Kovac, Sramek, Mike Thompson, Terry Chea, Princess Washington, Thompson, they're, he's, John Garamendi, Hoffman, Andreessen, Ron Kott, Kott Organizations: Service, FRANCISCO, Flannery Associates, Silicon, LinkedIn, New York Times, San Francisco Chronicle, Getty, Fair, Solano, US Air Force, FBI, of Treasury, AP, San Francisco Bay Area, Travis Air Force Base, US Locations: Solano County, San Francisco, Sacramento, Wall, Silicon, Northern California, Solano, Silicon Valley, California, Fairfield, Rio Vista, U.S, United Kingdom, Ireland, walkable, Terry Chea California, California's, San Francisco Bay, Princess, Suisun City, Travis

☆ A mayor told the investors who want to build a new city in her backyard to 'take their billions of dollars and go back down to Silicon Valley'
▼ + stars: | 2023-09-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Moy told Bloomberg she would "do everything we can to stop" Flannery Associates' plans. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Moy told Bloomberg that "this is no way to go about any kind of development," adding: "We're going to do everything we can to stop this." The Silicon Valley elites have purchased about 52,000 acres of land around Travis Air Force Base since 2018, leaving "no part that isn't touched by Flannery," Moy told ABC 7 News. Speaking to CNBC about the Flannery plan, Moy said the Air Force base "can't function" with a settlement encroaching on it.

Persons: Catherine Moy, Moy, Flannery, John Garamendi, Solano County's, Marc Andreessen, Reid Hoffman, Laurene Powell Jobs, Steve Jobs Organizations: Solano, Bloomberg, Service, Daily, Flannery Associates, New York Times, Travis Air Force Base, ABC, CNBC, Air Force Locations: Fairfield, Wall, Silicon, California, Solano County, San Francisco

☆ A company that counts billionaires Marc Andreessen and Laurene Powell Jobs as investors says it's bought 50,000 acres of land to build a new 'walkable' city in northern California. Here's everything w
▼ + stars: | 2023-09-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

California Forever says it wants to build a "walkable" city with new jobs, surrounded by an agricultural greenbelt. The company, Flannery Associates, has been quiet until now, but its parent company California Forever just launched a new website detailing its master plan. Solano County sits between Sacramento, San Francisco, and Napa Valley, and has a population of around 450,000 across just over 900 square miles. Sramek founded California Forever in 2017 and recently bought a family home there. "Now that we're no longer limited by confidentiality, we are eager to begin a conversation about the future of Solano County," it says.

Persons: Goldman Sachs, Marc Andreessen, Laurene Powell Jobs, Flannery, Jan Sramek, he'd, Jan, Sramek, it's, Who's, Chris Dixon, John Doerr, Nat Friedman, Daniel Gross, Reid Hoffman, Michael Moritz, Andreessen Horowitz, Patrick, John Collison Organizations: Goldman, Service, Flannery Associates, California Forever, Travis Air Force Base, California Forever's, California Delta, California Locations: San Francisco, California, Wall, Silicon, Solano County, Sacramento, Napa Valley, Solano, Fairfield, Rio Vista, walkable

☆ It's doubtful that Silicon Valley billionaires could pull off building a new city from scratch in a remote California farmland anytime soon, developer says
▼ + stars: | 2023-08-30 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +4 min

Silicon Valley billionaires buying up land in Solano County, California, could face big hurdles. In 2017, Flannery Associates pitched an idea to create a new, walkable city in Solano County. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. With the land purchased, the group's plot of land has started to encircle Travis Air Force Base nearby, according to The Wall Street Journal. AdvertisementAdvertisementThey're also not the first Silicon Valley billionaires using their extreme wealth to chase bold developing ambitions only to be met with grinding bureaucracy.

Persons: Flannery, Marc Andreessen, Laurene Powell Jobs —, Mark Friedman, It's, John Garamendi —, —, They're, Elon Musk Organizations: Flannery Associates, Service, Silicon, New York Times, Travis Air Force Base, Wall Street, Times, San Francisco, Democratic, FBI, Treasury Locations: Solano County , California, Solano County, Wall, Silicon, San Francisco , California, California, Sacramento

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