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☆ The Rise and Fall of SBF
▼ + stars: | 2023-10-02 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/AFP/Getty Images Composite: Mark KellyI first got to know author Michael Lewis, then of “Liar’s Poker” fame, when in the mid-1990s I took him around Silicon Valley in an old beat-up convertible. I told stories and showed him where the first integrated circuit and microprocessor were invented, plus Xerox Parc and its beanbag chairs, Hewlett Packard and Intel. As we drove around, I shared my history with entrepreneur Jim Clark, his time at Silicon Graphics and early days with Netscape, and of the venture capitalist Glenn Mueller, who committed suicide after being denied access to invest.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly, Michael Lewis, “, Hewlett, Jim Clark, Glenn Mueller Organizations: Getty, Xerox Parc, Hewlett Packard, Intel, Silicon Graphics, Netscape Locations: Silicon

☆ Google Says Switching Away From Its Search Engine Is Easy. It’s Not.
▼ + stars: | 2023-09-20 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +1 min

But Google has argued that it’s easy for people to change their search engine — just as simple as putting a box of cereal back on the store shelf. The trial raises questions about how and why we use Google search. And even if we had known, would we have just stuck with Google since its search engine was set as the default? I decided to test how easy or hard it really is to switch to a different search engine. Harry Brignull, a user-experience consultant in Britain, concluded about Google search: “Most people will just stick with it.”

Persons: I’m, Ted Selker, Harry Brignull, ” Organizations: Google, IBM, Xerox PARC Locations: Britain

☆ Mojave wants to make air conditioning more sustainable. Check out the 12-slide pitch deck it used to raise a $12.5 million seed round.
▼ + stars: | 2023-09-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

A startup making air conditioning systems more efficient has just raised a $12.5 million seed round co-led by VC funds At One Ventures and Fifth Wall, which invests in real estate tech. California-based Mojave has developed an air conditioning system that uses 50% less energy and 20% less refrigerant than existing systems, it claims. A heating, ventilation, and air conditioning (HVAC) system's footprint is mainly split between the energy used to control the temperature and what it takes to remove humidity, the research found. The "big breakthrough" was finding a way to cool the desiccant with cool air, Farese said. The startup is tackling the outdoor air system (DOAS) market, which refers to systems that precondition air coming into a building from outside.

Persons: Philip Farese, Farese, DOAS Organizations: One Ventures, Palo Alto Research, PARC, National Renewable Energy Laboratory, Xerox PARC, Xerox Ventures, Starlight Ventures Locations: California, Mojave

☆ 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

Aug 15 (Reuters) - Abnormal Security, an AI-powered email security startup, said it has crossed $100 million in annual recurring revenue, meeting a milestone for software companies as it eyes an eventual initial public offering, the company told Reuters. It also hired former Forescout chief executive Michael DeCesare as its president and Maya Marcus as its chief people officer. Evan Reiser, chief executive at Abnormal, said the company will continue to invest in products and get ready to be a public company as the market for initial public offerings (IPOs) improve, without specifying the timeline. Abnormal Security last raised $210 million in May 2022 at a valuation of $4 billion from investors including Insight Partners and Greylock Partners. Now more than ever, we need AI solutions to protect against AI threats," said Asheem Chandna, a partner at Abnormal investor Greylock.

Persons: Michael DeCesare, Maya Marcus, Evan Reiser, Reiser, DeCesare, Asheem Chandna, Krystal Hu, Lincoln Organizations: Reuters, Insight Partners, Greylock Partners, Microsoft, Xerox, Mattel, Thomson Locations: Europe, Japan, U.S, cybersecurity, New York

☆ Watch CNBC's full interview with Fmr. Xerox CEO Ursula Burns
▼ + stars: | 2023-08-14 | 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 Fmr. Xerox CEO Ursula BurnsUrsula Burns, Uber & Endeavor Board Member, Teneo Chairman and Former Xerox CEO, joins 'Last Call' to talk headwinds facing boardrooms right now, recessionary risks ahead, the labor market, A.I.

Persons: Ursula Burns Ursula Burns Organizations: Fmr, Xerox, Uber & Endeavor

☆ There's more balance now between workers and employers demands, says Teneo's Ursula Burns
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's more balance now between workers and employers demands, says Teneo's Ursula BurnsUrsula Burns, Uber & Endeavor Board Member, Teneo Chairman and Former Xerox CEO, joins 'Last Call' to talk headwinds facing boardrooms right now, recessionary risks ahead, the labor market and more.

Persons: Teneo's Ursula Burns Ursula Burns Organizations: Uber & Endeavor, Xerox

☆ Xerox CEO on company's service offerings and future growth
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXerox CEO on company's service offerings and future growthSteve Bandrowczak, Xerox CEO, joins 'Squawk on the Street' to discuss the chief executive's insights into enterprise spending, the company's service offerings, and more.

Persons: Steve Bandrowczak Organizations: Xerox

☆ Stocks making the biggest moves before the bell: General Motors, 3M, Spotify, Verizon and more
▼ + stars: | 2023-07-25 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

General Motors — Shares of General Motors rose more than 1% after the automaker raised its full-year guidance and reported second-quarter results that rose on a year-over-year basis. 3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. The company also raised its full-year earnings guidance and reaffirmed its revenue guidance. The airline's full-year earnings guidance of $5.50 to $7.50 per share was roughly in-line with the average analyst estimates of $6.65, according to FactSet. Verizon — The telecommunications giant traded 2.6% higher after reaffirming its full-year guidance.

Persons: Danaher, FactSet, Lilium, Refinitiv, Piper Sandler, Edward Yruma, —, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Tanaya Macheel Organizations: General Motors, Xerox, FactSet, General, GE, Spotify, European Union Aviation Safety Agency, Alaska Air, Raytheon, Refinitiv, Verizon, Walmart Locations: Alaska

3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. Elsewhere, RTX reported second-quarter earnings that topped Wall Street expectations, posting $1.29 in adjusted earnings per share on $18.32 billion in revenue. The home appliance company posted revenue of $4.79 billion, lower than the consensus estimate of $4.82 billion, according to Refinitiv. It did beat on earnings expectations, reporting adjusted earnings of $4.21 per share, higher than the $3.76 estimate. The company notched adjusted earnings per share of $3.29, while analysts estimated $2.70 per share.

Persons: Refinitiv, RTX, it's, Biogen, Morgan Stanley, FactSet, General Motors, Invesco, Andrew Schlossberg, BTIG, Sherwin, Williams, Yun Li, Samantha Subin, Sarah Min, Tanaya Macheel, Brian Evans, Alex Harring Organizations: Spotify, Alaska Air, Pratt & Whitney, Airbus, General, GE, Whirlpool, Revenue, LG Electronics, LG Energy, GM, Refinitiv, UPS, Teamsters, Xerox –, Xerox, Packaging Corp, America, Secure

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ How Daniel Ellsberg, who died at 92, went from being a disillusioned member of the government-military elite to a hero of anti-war movements
▼ + stars: | 2023-06-17 | by ( Associated Press | ) www.businessinsider.com time to read: +16 min

Daniel Ellsberg, the whistleblower behind the Pentagon Papers, died at 92, his family said Friday. David Halberstam, the late author and Vietnam War correspondent who had known Ellsberg since both were posted overseas, would describe him as no ordinary convert. "Without Nixon's obsession with me, he would have stayed in office," Ellsberg told The Associated Press in 1999. Ellsberg's story was depicted in the 2009 documentary "The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers." He and Marx wedded in 1970, the year before the Pentagon Papers were made public.

Persons: Daniel Ellsberg, Ellsberg, —, — Daniel Ellsberg, Richard Nixon, Julia Pacetti, Dan, Robert S, McNamara, Lyndon Johnson's, John F, Kennedy, David Halberstam, Johnson, Neil Sheehan, Henry Kissinger, Hannah Arendt, Nixon, Nixon fumed, H.R, Haldeman, Matthew Byrne, Gordon Liddy, Howard Hunt, Byrne, Daniel, Harry Truman, nodded, Ellsberg's, Rand, Anthony J, Russo, Robert, Kissinger, Sen, William J, Fulbright, George McGovern of, Marcus Raskin, Ralph Stavins, Sheehan, Raskin, Stavins, didn't, spry, George W, Bush, Obama, Julian Assange, Chelsea Manning, Edward Snowden, Snowden, Patricia Marx, Marx Organizations: Pentagon, Service, Supreme, Defense, Harvard, Democratic, Republican, The New York Times, Washington Post, The Associated Press, National Security, United, U.S, White, Democratic Party's, Washington , D.C, Associated Press, Coast, Rand Corp, Christian Science, Soviet Union overseas, Harvard University, Marines, Ivy League, Defense Department, State Department, Rand, Xerox, Arkansas, Foreign Relations Committee, Institute for Policy, Times, ., Army, New York Times, Massachusetts Institute, Technology's Center for International Studies Locations: Boston, Los Angeles, Vietnam, Indochina, U.S, France's, America, United States, Beverly Hills , California, Washington ,, Saigon, Santa Monica, Chicago, Detroit, Pearl, London, Germany, Japan, Santa Monica , California, George McGovern of South Dakota, Iraq, Afghanistan, Russia

☆ Daniel Ellsberg, who leaked 'Pentagon Papers,' dies at 92
▼ + stars: | 2023-06-16 | by ( Bill Trott | ) www.reuters.com time to read: +7 min

In his later years Ellsberg would become an advocate for whistleblowers and leakers and his "Pentagon Papers" leak was portrayed in the 2017 movie "The Post." Courtesy Daniel Ellsberg Papers, Robert S. Cox Special Collections and University Archives Research Center, UMass Amherst Libraries. Ellsberg secretly went to the media in 1971 in hopes of expediting the end of the Vietnam War. Courtesy Daniel Ellsberg Papers, Robert S. Cox Special Collections and University Archives Research Center, UMass Amherst Libraries. He said he was inspired to copy the "Pentagon Papers" after hearing an anti-war protester say he was looking forward to going to prison for resisting the draft.

Persons: Daniel Ellsberg, Ellsberg, Long, Edward Snowden, Robert S, Henry Kissinger, Robert McNamara, Richard Nixon, Lyndon Baines Johnson, CourtesyDaniel Ellsberg, John F, Kennedy, Lyndon Johnson, Gordon Liddy, Howard Hunt, Snowden, Chelsea Manning, Carol Cummings, Patricia Marx, Bill Trott, Kanishka Singh, Dan Grebler, Diane Craft Organizations: U.S, Wikileaks, University Archives Research Center, UMass Amherst Libraries, Nixon, State Department, Harvard, Marine Corps, Pentagon, RAND Corporation, Ellsberg's, Chiefs, Staff, RAND, Massachusetts Institute of Technology, New York Times, The Times, Washington Post, Times, FBI, UMass, Libraries, National Security Agency, WikiLeaks, Thomson Locations: Vietnam, Kensington , California, America, Saigon, United States, Boston, U.S, North Vietnam, Cambodia, Laos, American, Chicago , Illinois

☆ 42% of CEOs say AI could destroy humanity in five to ten years
▼ + stars: | 2023-06-14 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN Business —Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future. Forty-two percent of CEOs surveyed at the Yale CEO Summit this week say AI has the potential to destroy humanity five to ten years from now, according to survey results shared exclusively with CNN. The business leaders displayed a sharp divide over just how dangerous AI is to civilization. While 34% of CEOs said AI could potentially destroy humanity in ten years and 8% said that could happen in five years, 58% said that could never happen and they are “not worried.”In a separate question, Yale found that 42% of the CEOs surveyed say the potential catastrophe of AI is overstated, while 58% say it is not overstated. The CEOs indicated AI will have the most transformative impact in three key industries: healthcare (48%), professional services/IT (35%) and media/digital (11%).

Persons: “, ”, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Yale, Sam Altman, Geoffrey Hinton, Hinton, “ I’m, ” Hinton, Jake Tapper, Robert Oppenheimer, ” Sonnenfeld Organizations: New York CNN Business, Yale, Summit, CNN, Sonnenfeld’s, Leadership Institute, Walmart, Xerox, Google, Microsoft

☆ A $175 check signed by Apple cofounder Steve Jobs, who famously disliked giving his signature, is up for auction, where the top bid has already hit nearly $30,000
▼ + stars: | 2023-05-08 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

A $175 check signed by Steve Jobs in 1976 is up for auction. Apple memorabilia has done well at recent auctions; in February, a first-gen iPhone sold for more than $63,000. The artifact is a check from 1976, the year the company was founded, that's signed by late Apple cofounder Steve Jobs. The auction house, RR Auction, expected the check to fetch $25,000, more than 142 times the check's original value, but it has already blown past that estimate. In February, another factory-sealed original iPhone sold for over $63,000 at auction, more than 100 times its original price.

☆ A $175 check signed by Steve Jobs is up for auction—it’s 'expected to fetch $25,000' or more
▼ + stars: | 2023-05-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

But if you find one signed by Apple co-founder Steve Jobs, it might be worth extra cash. RR Auction, a Boston-based organization that sources and sells historical autographs, manuscripts and artifacts, is auctioning off a $175 check signed by Steve Jobs in July 1976. The check is expected to fetch $25,000," over 142 times its original worth, according to the company's press release. In 1974, Jobs left his role as a video game designer and reconnected with Steve Wozniak, a former high school friend. When Jobs was kicked out of Apple in 1985, he started a rival computer company called NeXT.

☆ Short investor Hindenburg erases fifth of Icahn empire’s value
▼ + stars: | 2023-05-02 | by ( ) edition.cnn.com time to read: +4 min

In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn’s net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund’s performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP’s stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any US large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.

In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn's net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund's performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP's stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any U.S. large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.

☆ The CEO of Xerox says his company has survived over 100 years of economic ups and downs thanks to 3 strategies
▼ + stars: | 2023-05-02 | by ( Meira Gebel | ) www.businessinsider.com time to read: +6 min

Steve Bandrowczak, the CEO of Xerox, leaned on company culture to execute his goals. But as economic forecasts began to sour in early 2023, and experts predict a likely recession this year, Bandrowczak began to count on Xerox's company culture to execute his goals. Build a culture of resilienceHow do you build a company culture of resilience? To prepare teams across your organization effectively for constant evolution through technology, be intentional when introducing new systems and strategies. "The biggest hurdle is the culture, the easiest part is the technology side of it," Bandrowczak said.

☆ Negotiating Financing Provisions in Mergers
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +47 min

(For the complete version of this resource, which includes initial considerations and questions counsel should ask when drafting and negotiating financing provisions in merger agreements, see Drafting and Negotiating Financing Provisions in Mergers on Practical Law.) For a private placement under Rule 144A, the financing parties may offer some flexibility regarding the required financing statements. The term refers collectively to provisions that benefit debt financing parties by limiting their liability in an acquisition financing, including provisions that provide for:No recourse to the financing parties. The target company has no recourse against the financing parties and cannot pursue litigation against the financing parties directly. The financing parties are third-party beneficiaries of the Xerox provisions to permit the financing parties to enforce their rights under the merger agreement.

☆ China is the top issue businesses leaders are dealing with, says former Xerox CEO
▼ + stars: | 2023-04-20 | 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 EmailChina is the top issue businesses leaders are dealing with, says former Xerox CEOUrsula Burns, Teneo chairwoman and former Xerox CEO, and Michèle Flournoy, co-founder and managing partner at WestExec Advisors, join 'Squawk Box' to discuss the state of the U.S.-China relationship and the geopolitical risk to U.S. businesses.

☆ Computing networking pioneer Metcalfe wins top industry prize
▼ + stars: | 2023-03-22 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

March 21 (Reuters) - Computing networking pioneer Bob Metcalfe on Wednesday won the industry's most prestigious prize for the invention of the Ethernet, a technology that half a century after its creation remains the foundation of the internet. The Association for Computing Machinery credited Metcalfe, 76, with the Ethernet's "invention, standardization, and commercialization" in conferring its 2022 Turing Award, known as the Nobel prize of computing. The Ethernet got its start when Metcalfe, who later went on to co-found computing network equipment maker 3Com, was asked to hook up the office printer. Metcalfe said previous generations of AI "died on the vine because of a lack of data." And the brain teaches us that connecting them is where it's at," Metcalfe said.

☆ Who are Larry Kramer and Andreas Paepcke — the two people who paid part of Sam Bankman-Fried's bail?
▼ + stars: | 2023-02-19 | by ( Sarah Jackson | Lakshmi Varanasi | ) www.businessinsider.com time to read: +8 min

They are Larry Kramer and Andreas Paepcke, both of whom have ties to Stanford, where SBF's parents work. On Wednesday, unsealed court records identified the FTX founder's bail guarantors as Larry Kramer, a former dean of Stanford Law School, and Andreas Paepcke, a senior research scientist at Stanford. A screenshot of Larry Kramer's bio on a Stanford Law School web page shows that he's emeritus dean of the institution. from the University of Chicago Law School in 1984, according to his Stanford Law bio page. On his personal page, Paepcke listed hobbies including "piano studies and simple composition, worrying, and poetry."

☆ Davos 2023: Thirty years on, author Neal Stephenson discusses his metaverse vision with Meta
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +3 min

[1/2] A 3D printed Facebook's new rebrand logo Meta is seen in this illustration taken on November 2, 2021. A DECADE TO PAY OFFMeta Chief Executive Mark Zuckerberg has said he expected his metaverse investments to take around a decade to pay off. By that time, Cox says people will be able to take a walk with friends and family in virtual worlds as readily as they now make video or voice calls. "A more open metaverse is better," HP Chief Executive Enrique Lores said on the panel. "If someone controls the full metaverse the ability for others to add value is much smaller."

☆ Google's moonshot factory is coming down to Earth
▼ + stars: | 2023-01-10 | by ( Hugh Langley | ) www.businessinsider.com time to read: +12 min

The project, known internally by its codename, "Valkyrie," was the typical science-fiction-sounding idea that Google's self-described "moonshot factory" was designed to dream up. But amid a lack of successful launches and a tech industry facing economic headwinds, insiders say the lab is now hitting the hard-reset button and rethinking its purpose within Alphabet, Google's parent company. X swapped standard corporate titles like "Communications Lead" and "Manager" for grander and more-nebulous names like "Factory Whisperer" and "Firestarter." Its internet-balloon unit, Google Loon, meant to bring people in rural areas online, was shuttered in January 2021. "I think the infusion of VC people is a good thing," one former senior X employee said.

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