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☆ Elon Musk and Grimes appear in family court days after Grimes' mother accused the Tesla CEO of 'withholding' children
▼ + stars: | 2024-08-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk and Grimes met in Texas court for a custody dispute hearing over their three children. The former couple has been in a custody battle since September, filing lawsuits in Texas and California. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk and Grimes met in a Texas courthouse on Friday for a hearing regarding their custody dispute. The billionaire and the musician filed dueling lawsuits against one another in two different states, Texas and California respectively.

Persons: Elon Musk, Grimes, —, Elon Organizations: Service, Business Locations: Texas, California

☆ Delaware Judge Questions Tesla About Vote on Elon Musk’s Tesla Pay
▼ + stars: | 2024-08-02 | by ( Peter Eavis | ) www.nytimes.com time to read: +1 min

A Delaware judge on Friday questioned lawyers for Tesla about why the company asked shareholders to vote on a $55 billion pay package for its chief executive, Elon Musk, after she had struck it down in January. The judge, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery, noted at a hearing in Wilmington that there was no legal precedent for the company’s decision, which led to an overwhelming shareholder vote in favor of the compensation package in June. “This has never been done before,” she said in an exchange with a lawyer representing Mr. Musk and Tesla’s directors. “There is no Delaware law on this, correct?”The lawyer, David E. Ross, acknowledged there was no exact precedent for having shareholders overturn a judge’s decision in similar cases. But he asserted that the June vote showed that Tesla’s shareholders were willing to award Mr. Musk the package even after being provided a lot more information about how it had been devised.

Persons: Tesla, Elon Musk, Chancellor Kathaleen St, J . McCormick, ”, David E, Ross Organizations: Chancery Locations: Delaware, Wilmington, “

☆ Watch out for the semiconductor supercycle before you start buying stocks like Nvidia
▼ + stars: | 2024-08-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Nvidia stock prices have more than doubled since the start of the year, and in June, it briefly became the world's most valuable company. "The boom in spending on AI infrastructure has been a major growth driver for the chip industry," Miller said. Zuckerberg even touted Meta's growing stockpile of Nvidia chips in an interview with The Verge in January, adding that he expects the company to own more than 340,000 Nvidia H100 GPUs by the end of 2024. The boom in data center builds has also spurred significant chip demand. Amazon, Meta, and Google are all designing their own AI chips.

Persons: —, Chris Miller, Miller, Meta's Mark Zuckerberg, Tesla's Elon Musk, Zuckerberg, TSMC, Thomas Rupf, Josie Ananto, Parthenon's Ananto, Jensen Huang, Goldman Sachs Organizations: Service, Nvidia, The Fletcher School, Tufts University, Business, New York Times, Bank Asia, Nvidia Semiconductor, Big Tech, Meta, Google Locations: EY

☆ Tesla's unique approach to sales is giving it headaches
▼ + stars: | 2024-08-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

The big storyFor saleGetty Images; Jenny Chang-Rodriguez/BIOne of Tesla's biggest assets is its willingness to try new things, but its unique approach to sales is also what's giving it headaches. AdvertisementA key issue is Tesla's inability to evolve its sales tactics as the EV market rapidly changes . Business Insider's Grace Kay spoke to more than a dozen current and former employees in Tesla's sales division about how the company has tried to kick-start its sales unit . Not unlike its cars, Tesla's sales approach is innovative compared to the rest of the automotive industry. It's a great strategy when the cars sell themselves — which Teslas did for a while — since you don't need to maintain a traditional sales structure.

Persons: —, Jenny Chang, Rodriguez, It's, Elon Musk, Insider's Grace Kay, There's, Teslas, Justin Sullivan, Fintechs, chatbots, Rebecca Zisser, Goldman Sachs, James Knightley, Andy Jassy, Mike Blake, Chelsea Jia Feng, Venu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, EV, Tech, Citadel, ING Economics, Big Pharma, Pfizer, Novo Nordisk, Department of Labor, Chevron, ExxonMobil Locations: New York, London

☆ Who is Imane Khelif and why is her Olympic boxing win marred by controversy?
▼ + stars: | 2024-08-02 | by ( Kara Fox | ) edition.cnn.com time to read: +8 min

Khelif has become a flashpoint for an often misinformed debate about how women are allowed to compete in sports. As Khelif prepares for her next fight on Saturday, here’s what to know:Who is Imane Khelif? Algeria's Imane Khelif (R), is seen after defeating Italy's Angela Carini in the women's 66kg preliminary boxing match at the 2024 Summer Olympics in Paris on Thursday. Many athletes have written in support of Khelif, including Irish boxer Amy Broadhurst – who fought and beat Khelif in the World Championships. Female athletes that have differences of sexual development (DSD) are often subject to such tests.

Persons: Imane Khelif, Angela Carini, dislodging, Carini, Mark Adams, ” Adams, Khelif, Italy's Angela Carini, John Locher, “, Lin Yu, Adams, Donald Trump, Elon Musk, JK Rowling, Logan Paul, ” Rowling, Giorgia Meloni, ”, Amy Broadhurst –, Broadhurst, Lin, Semenya, CNN’s Saskya Vandoorne, Camille Knight, Natasha Maguder, Eliza Anyangwe Organizations: CNN, Olympic Committee, Boxing, IBA, Games, IOC, WWE, Algerian Olympic, Human Rights Watch, Paris Games, DSD, European, of Human Rights Locations: Algerian, Italy, Paris, “, Algeria, Budapest

☆ Boxer Imane Khelif, previously barred from women's events, wins first Paris Olympics fight
▼ + stars: | 2024-08-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Matt-Lavietes-Byline-Jm.Jpg | Matt Lavietes | ) www.nbcnews.com time to read: +5 min

A female boxer whose gender identity has recently been questioned won her first fight at the Paris Olympics on Thursday. Imane Khelif of Algeria defeated Angela Carini of Italy after Carini quit 46 seconds into the match. “Full support for our champion Imane Khelif, who is suffering a wave of unjustified hatred,” he wrote on X. Abderrahmane Hammad, Algeria’s minister of youth and sports, addressed concerns over Khelif’s gender identity Wednesday. “I strongly condemn the baseless attacks on our athlete, Imane Khelif, by certain foreign outlets,” he wrote on X.

Persons: Imane, Angela Carini of, Carini, Lin Yu, ” Carini, it’s, ”, we’re, Giorgia Meloni, Donald Trump, Sen, Marco Rubio, Kristi Noem, ” Trump, Khelif’s, “ Harry Potter ”, J.K, Rowling, Elon Musk, Kamala, ” Musk, Trump, Khelif, Ismaël Bennacer, Imane Khelif, ” Khelif, Thursday’s, “, Taiwan's Lin, Abderrahmane Hammad, Hungary’s Luca Anna Hamori Organizations: Paris, Tokyo Olympics, Italian, Olympic, South Dakota Gov, Billionaire, Algerian national team, Olympic Games, International Olympic, International Boxing Association, IOC, IBA, Algerian Olympic, Sports, Sports Committee Locations: Algeria, Angela Carini of Italy, Taiwan, New Delhi, “, Khelif, Saturday’s

The complaint, filed in San Francisco County Superior Court, alleges fraud, breach of contract and misappropriation of Lemon’s name and likeness. Musk and X enticed Lemon with “false promises and representations,” the complaint alleges. In May 2023, shortly after CNN terminated Lemon, Musk posted on X: “Have you considered doing your show on this platform? Within a day of the interview, Musk sent Lemon’s agent a text message saying the partnership and contract were canceled. “To this day, Defendants have not compensated Lemon pursuant to the exclusive partnership deal that Defendants induced Lemon to enter into,” the filing says.

Persons: Don Lemon, Elon Musk, Musk, Lemon, Elon, ”, ” Lemon, Linda Yaccarino, Brett Weitz, he’d, “, Donald Trump, Weitz, Jeff Zucker, Carney Shegerian, Don, Shegerian, who’s Organizations: CNN, Court, X, NBC Locations: San Francisco County, New York City

☆ Don Lemon sues Elon Musk and X, demanding $35 million over scrapped news show
▼ + stars: | 2024-08-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —Don Lemon on Thursday filed a lawsuit against Elon Musk and X after the erratic billionaire canceled a planned partnership that would have seen the former CNN anchor create a talk show on the embattled social media platform. Lemon alleged that Musk wanted to announce a partnership with him only to trade off his name to rehabilitate his social media company’s troubled image. “X executives used Don to prop up their advertising sales pitch, then canceled their partnership and dragged Don’s name through the mud. But the deal quickly collapsed after Musk grew angry at Lemon’s questioning during a sit-down interview in March taped at his Tesla headquarters in Texas. During the interview, Lemon pressed Musk about the rise of hate speech on X, in addition to his open use of the prescription drug ketamine.

Persons: Don Lemon, Elon Musk, Lemon, ”, Musk, ” Carney Shegerian, “, Don, X, Linda Yaccarino, Yaccarino, Brett Weitz Organizations: New, New York CNN, Elon, CNN Locations: New York, San Francisco, New York City, Lemon, Texas

☆ Meet the Silicon Valley billionaires, founders, and investors backing Kamala Harris
▼ + stars: | 2024-08-01 | by ( Alice Tecotzky | Noah Sheidlower | ) www.businessinsider.com time to read: +1 min

More than 100 powerful venture capitalists organized to pledge support for Kamala Harris. The effort, named VCsForKamala, comes as other Silicon Valley leaders turn to Trump. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs the once decidedly liberal Silicon Valley splinters this election, with figures like Elon Musk, Marc Andreessen, and David Sacks publicly backing former President Donald Trump, a group of powerful venture capitalists have combined forces to declare their support for Vice President Kamala Harris. On Wednesday, more than 100 leaders in Silicon Valley pledged to vote and solicit donations for Harris on a new website, VCsForKamala.org.

Persons: Kamala Harris, —, Elon Musk, Marc Andreessen, David Sacks, Donald Trump, Harris Organizations: Trump, Service, Business Locations: Silicon Valley

☆ Here are Thursday's biggest analyst calls: Meta, Tesla, Reddit, Amazon, Wingstop, Arm, Dollar General, Carvana, Qualcomm, SoFi & more
▼ + stars: | 2024-08-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Arm as buy Bank of America said it's sticking with the stock following earnings on Wednesday. Robinson to overweight from neutral JPMorgan upgraded the shipping company following its earnings. Barclays reiterates Meta as overweight Barclays says it's sticking with the Instagram parent following earnings on Wednesday. " Bernstein reiterates Qualcomm as outperform Bernstein says it's sticking with Qualcomm following earnings on Wednesday. Citi reiterates SoFi as buy Citi said it's getting more bullish on the stock following a series of investor meetings.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Zeta, Oppenheimer, Etsy, Baird, Wolfe, Bill.com, Robinson, Raymond James, RDDT, Wells, David Lantz, Zack Fadem, Bernstein, Leerink, Cantor Fitzgerald, Tesla, Cantor, it's bullish, Morgan Stanley downgrades Voya, SoFi, it's Organizations: Mizuho, Bank of America, ARM, Zeta Global, Zeta, JPMorgan, GE, NFL, NBA, MLB, Nascar, Barclays, Meta, Qualcomm, SOX, Elon Musk's, Citi Locations: OW, 2H24, China, bullish

☆ Elon Musk sued by ex-CNN anchor Don Lemon over canceled X deal
▼ + stars: | 2024-08-01 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Lemon had "incurred hundreds of thousands of dollars in expenses" in preparing for the show, the lawsuit alleges. Former CNN anchor Don Lemon sued Elon Musk on Thursday, accusing him of making false promises to entice the journalist into a canceled deal to host a show on the billionaire's social media platform. Lemon accuses Musk and X of fraud, negligent misrepresentation, misappropriation of name and likeness, breach of contract, and unjust enrichment. "You're set up for a lot of $$ this year," Weitz allegedly told Lemon in a Dec. 30, 2023, text. "To this day, Defendants have not compensated Lemon pursuant to the exclusive partnership deal that Defendants induced Lemon to enter into," the lawsuit says.

Persons: Musk, Lemon, Don Lemon, Elon Musk, Carney Shegerian, Shegerian, who's, Nikki Haley, Linda Yaccarino, Brett Weitz, " Weitz, Weitz Organizations: CNN, Twitter, CES, SpaceX Locations: San Francisco, New York City, Las Vegas, Lemon

☆ Hedge funds are dusting off an old strategy to help reverse a fundraising slump, but it comes with a risk
▼ + stars: | 2024-08-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, hedge funds are dusting off an old strategy that's a unique twist on passive investing . And with the fundraising environment for hedge funds looking bleak , they'll take any help they can get. AdvertisementBut with portable alpha, hedge funds are tying themselves to something they've pledged they are better than. What happens if the hedge fund's portion of the portable alpha strategy is what pulls returns down? With competition from venture capital and private equity, hedge funds can't afford to turn their nose up at anything.

Persons: —, Tyler Le, Alex Morrell, It's, Jenny Chang, Rodriguez, Philippe, hasn't, they've, it's, duMond, Chip Somodevilla, Alyssa Powell, Harris, Jerome Powell, Powell, Tetiana Lazunova, Meta, it'll, Linda Yaccarino, Elon Musk, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Trump, DWS Group, BI, Nvidia, Twitter, Apple, Amazon, Barclays, Shell, Democratic National Committee Locations: Hollywood, London, Milan, Dubai, New York

☆ Elon Musk says a throwdown with Mark Zuckerberg would be a 'short fight' because the Meta CEO is a 'little fella'
▼ + stars: | 2024-08-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The much-hyped cage fight between Elon Musk and Mark Zuckerberg didn't materialize last year. But Musk said it would've been a "short fight" if it had taken place. "Zuck is a little fella, so that would be a short fight lol," Musk said on Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk didn't get to fight Mark Zuckerberg last year, but he reckons it would have been a quick one if it had taken place.

Persons: Elon Musk, Mark Zuckerberg, Musk, would've, —, Elon, Nicolás Maduro's, Maduro Organizations: Elon, Service Locations: Venezuela

☆ Tesla needs to figure out how to sell cars. Its salespeople say it's stuck in the past.
▼ + stars: | 2024-08-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +10 min

The company's sales team has been struggling to adapt to a much different market, according to 14 current and former employees from Tesla's sales division in North America. The carmaker is also attempting to fix a spate of bad publicity surrounding its CEO, Elon Musk — all with little in the way of advertising initiatives or traditional sales strategies. The electric-car maker made its mark by breaking industry standards with its ad-free, direct-to-consumer sales model. Now, some of Tesla's sales staff believe it's time for the company to begin acting like a traditional automaker. Musk has been vague about when a new, more economically priced Tesla model would hit the market, saying only that it could happen in 2025.

Persons: —, Tesla, Elon Musk, What's, Musk, shouldn't, Tesla backpedaled, Brian Moody, Autotrader Organizations: Service, US EV, Business, Tesla Locations: North America

☆ Don Lemon sues Elon Musk over axed X partnership
▼ + stars: | 2024-08-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Don Lemon is suing Elon Musk and X over a canceled partnership deal. The lawsuit says X used Lemon for advertising, then canceled the deal without payment. AdvertisementDon Lemon is suing Elon Musk over an X deal that turned sour in March. Lemon filed the lawsuit Thursday in the Superior Court of California in San Francisco against Musk and his company X, formerly known as Twitter. Lemon accuses Musk and X of committing fraud, negligent misrepresentation, misappropriation of Lemon's name and likeness, breach of express contract, and unjust enrichment when it abruptly canceled a planned partnership with Lemon in March.

Persons: Don Lemon, Elon Musk, Lemon, —, Musk Organizations: Service, of, Business Locations: Superior, of California, San Francisco

☆ Elon Musk Blasts Venezuela’s Maduro in an Escalating War of Words
▼ + stars: | 2024-08-01 | by ( Ryan Mac | Simon Romero | ) www.nytimes.com time to read: +1 min

Over the last four days, Elon Musk has spoken out more than 50 times about President Nicolás Maduro of Venezuela — and the comments have been far from flattering. “Shame on Dictator Maduro,” Mr. Musk wrote on X on Sunday, as results came in from Venezuela’s presidential election, which has been criticized as deeply flawed. Mr. Musk, the 53-year-old chief executive of Tesla and SpaceX, has often criticized heads of state, including President Biden, on X. But the attacks against Mr. Maduro, who is one of the prominent symbols of the left in Latin America, stood out for their sudden volume and aggression. They were part of a pattern by Mr. Musk of denouncing leftist ideals and socialism.

Persons: Elon Musk, Nicolás Maduro, Venezuela —, Maduro, Mr, Musk, Tesla, Biden, Donald J, Trump Organizations: SpaceX, U.S, Democratic Party Locations: Venezuela, Venezuela’s, ”, Latin America, United States

☆ Meet the Gen Zer Behind Friend, the Creepy New AI Necklace
▼ + stars: | 2024-08-01 | by ( Zoë Bernard | ) www.businessinsider.com time to read: +8 min

Earlier this week, another product contending for the future of AI companionship made its debut: an eavesdropping necklace called Friend. AdvertisementSchiffmann's original vision for an AI hardware device was a pendant that would act as a more standard-fare AI assistant called Tab — he once described it as a "wearable mom." Of the many AI hardware devices that launched in recent months, such as Humane's AI pin, Meta's smart glasses, and Rabbit's AI-powered R1, Friend is the most personal contender. In fact, on the day Friend launched, a competing AI hardware founder named Nik Shevchenko released a diss track — as any self-respecting 23-year-old AI hardware founder would do — insinuating that Schiffmann stole his idea. (It would not be the first time that Shevchenko built an open source competitor that closely resembled another AI hardware device.

Persons: Siri, Friend, Avi Schiffmann, Schiffmann, Elon Musk, Caffeinated Capital's Raymond Tonsing, Aravind Srinivas, Austin Rief, hasn't, Scarlett Johansson, transfixing Joaquin Phoenix's, —, Anthony Fauci, Camus, it's, Nik Shevchenko, Shevchenko, Taylor Organizations: Harvard, Morning Locations: Tokyo, Ukraine

☆ Kim Yeji, the South Korean Olympic shooter who has taken the internet by storm
▼ + stars: | 2024-07-31 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

She’s Kim Yeji, the 31-year-old South Korean sharpshooter who has taken social media by storm following her appearance at the Paris Olympics. Kim won silver at the 10-meter air pistol event on Sunday, with her 19-year-old teammate Oh Ye Jin taking the gold. The platform’s owner, Elon Musk, meanwhile commented that Kim “should be cast in an action movie.”Kim, a first-time Olympian, will next compete at the qualifying round of the 25-meter pistol event on Friday. Kim (left) on the podium alongside gold-medal-winning team mate Oh Ye Jin and bronze medalist Manu Bhaker of India. Kim and Oh are roommates in the Olympic Village, according to the Associated Press, with Kim saying Oh was like a sister to her.

Persons: Kim Yeji, Kim, Oh Ye Jin, ” Charles McQuillan, Sauer, Charles McQuillan, ”, Elon Musk, Kim “, ” Kim, Manu Bhaker, Alain Jocard, “ Organizations: CNN, Paris, Twitter, Getty, Olympic Games, Associated Press, Olympics Locations: Azerbaijan, India, AFP

☆ Tesla car that killed Seattle motorcyclist was in ‘Full Self-Driving’ mode, police say
▼ + stars: | 2024-07-31 | by ( ) edition.cnn.com time to read: +2 min

Reuters —A Tesla Model S car was in “Full Self-Driving” mode when it hit and killed a 28-year-old motorcyclist in the Seattle area in April, police said, making it at least the second fatal accident involving the technology on which Tesla CEO Elon Musk is pinning his hopes. Tesla says its “Full Self-Driving (Supervised)” software requires active driver supervision and does not make vehicles autonomous. Previously, the National Highway Traffic Safety Administration (NHTSA) said there was one fatal accident involving a Tesla vehicle using FSD software between August 2022 and August 2023. This year, Musk shelved Tesla’s all-new affordable cars and increased his bets on self-driving vehicles, saying he will be shocked if Tesla cannot achieve full self-driving capability next year. In December 2023, Tesla was forced to recall nearly all its vehicles on U.S. roads to add safeguards to the software.

Persons: Elon Musk, Tesla, Waymo, Sam Abuelsamid, ”, Raj Rajkumar, Musk Organizations: Reuters, Tesla, Traffic Safety Administration, NHTSA, Carnegie Mellon University Locations: Seattle, Silicon

☆ Don't feel sorry for Linda Yaccarino
▼ + stars: | 2024-07-31 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Linda Yaccarino left her job running ad sales for NBC to become the CEO of Twitter about a year ago. Twitter's ad business, which fell in half after Elon Musk bought the company, continues to sputter. What a hard job Linda Yaccarino has! AdvertisementBy the time Yaccarino agreed to take the Twitter job, Musk's capricious track record as Twitter's owner had been well-established. Then, after formally hiring Yaccarino, Musk made it clear that while her title would be chief executive officer, she wouldn't actually be running the company.

Persons: Linda Yaccarino, Elon Musk, Musk, Yaccarino, they've, Linda, Don Lemon, Lemon, Twitter hasn't, wouldn't, she'd, he'd Organizations: NBC, Twitter, Elon, Business, New York Times, Times, CNN, Visa

☆ Chinese EV makers are outpacing Tesla in one key area
▼ + stars: | 2024-07-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla is fighting to keep its EV crown, and Chinese automakers are already challenging Elon Musk's company in one crucial area: Innovation. The Washington DC-based think tank found that Chinese EV companies are 30% faster when it comes to developing and releasing new car models than automakers in other regions, including Tesla. AdvertisementAdditionally, Chinese electric-car companies like BYD are pumping out more new EVs than US automakers, including Tesla, ITIF said. The Think Tank warned US carmakers would need to "double down on genuine technological innovation" if they wanted to continue to compete with Chinese companies. Musk's company has been facing mounting pressure from EV companies in China, including BYD, which has been vying with Tesla for the title of top EV seller .

Persons: —, ITIF, Tesla, China's BYD, Li Auto, Musk Organizations: Service, Elon, Information Technology, Innovation Foundation, The Washington DC, EV, Business, BMW, Tesla, Reuters Locations: China

☆ Meta's AI claimed the Trump assassination attempt didn't happen. The company is blaming 'hallucinations.'
▼ + stars: | 2024-07-31 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

The other involved Meta AI responses about the shooting, which in some instances inaccurately claimed the incident hadn't occurred at all. In the blog post for Meta, Kaplan denied the decisions had been made with bias. Kaplan said it is a "known issue" that chatbots like Meta AI can be unreliable when asked about breaking news or real-time events. Meta has updated its AI response on the topic, but Kaplan acknowledged, "We should have done this sooner." "These types of responses are referred to as hallucinations, which is an industry-wide issue we see across all generative AI systems, and is an ongoing challenge for how AI handles real-time events going forward.

Persons: —, Donald Trump, Trump, Joel Kaplan, Kaplan, Elon Musk, Mark Zuckerberg, he's Organizations: Service, Business, Trump, Meta, Big Tech

☆ Kamala Harris gets support of more than 100 VCs and tech execs in online pledge
▼ + stars: | 2024-07-31 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center in Atlanta on July 30, 2024. More than 100 VCs on Wednesday pledged their support to Vice President Kamala Harris, the de facto Democratic nominee, as she ramps up her campaign to take on Trump in the November election. The group, calling itself VCs for Kamala, is made up of investors and entrepreneurs from a range of established and rising funds, and different demographic groups. "We spend our days looking for, investing in and supporting entrepreneurs who are building the future," the group said in its pledge. The VCs for Kamala list highlights a deepening political divide in Silicon Valley and the broader tech industry.

Persons: Kamala Harris, Donald Trump, Kamala, Vinod Khosla, Reid Hoffman, Mark Cuban, Aileen Lee, Rebecca Kaden, Elon Musk, VCs Marc Andreessen, Ben Horowitz, Trump, Musk, Shaun Maguire, 8VC's Joe Lonsdale, Musk's, David Sacks, Hoffman, Greylock, Harris, Erika Lucas Organizations: Republican, Democratic, Trump, Khosla Ventures, LinkedIn, Dallas Mavericks, Cowboy Ventures, Union Square Ventures, America PAC, Sequoia, Craft Ventures, Republican National Convention, Musk, Convention Locations: Georgia, Atlanta, Silicon Valley, Chicago

☆ With tech leaders like Elon Musk turning to Trump, more than 100 Silicon Valley investors pledge support for Harris
▼ + stars: | 2024-07-31 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

A group of right-wing venture capitalists have voiced support for Donald Trump and JD Vance, who was once a venture capitalist himself. "They don't speak for me," she said of Musk and other right-wing Silicon Valley leaders. "They don't speak for most of us. Harris, who was born in Oakland and is known as a pro-business politician, has a more sustained connection to Silicon Valley than Biden did. Next month, Harris will travel to Silicon Valley for a fund-raising trip in her continued effort reclaim the region amid its rightward tilt.

Persons: —, Kamala Harris —, Harris, Reid Hoffman, Mark Cuban, Ron Conway, Leslie Feinzaig, Graham, Walker, Donald Trump, JD Vance, Elon Musk, Marc Andreesen, Ben Horowitz, David Sacks, Trump, Feinzaig, MAGA, " Harris, Biden, Vance Organizations: Service, VCsForKamala.org, LinkedIn, Dallas Mavericks, Business, New York Times Locations: Oakland, Silicon, Silicon Valley

Some of those contributors are among those involved in a donor collective supporting Mr. Trump. Mr. Buskirk, who made some money in the insurance business, has strong relationships with tech donors. Some of those contributors are among those involved in a donor collective called the Rockbridge Network that Mr. Buskirk created. Its twice-a-year meetings have drawn appearances by Mr. Trump, as well as megadonors including Peter Thiel, Rebekah Mercer, Steve Wynn and David Sacks. Mr. Buskirk gained a following in the Trump orbit with a publication called American Greatness.

Persons: Donald J, Trump, JD Vance, Christopher Buskirk, Mr, Vance, Buskirk, “, Kamala Harris, Biden, Harris, Harris’s, Virginia “, Elon Musk, ” Mr, Peter Thiel, Rebekah Mercer, Steve Wynn, David Sacks, Donald Trump Jr Organizations: Trump ., America, The New York Times, Mr, PAC, Trump, Federal, Commission, America PAC, Rockbridge Network, Rockbridge, Mar, CNN Locations: Ohio, Arizona , Georgia, Nevada, North Carolina, Michigan , Pennsylvania, Wisconsin, Minnesota, New Hampshire, Virginia

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