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☆ Andreessen Horowitz raises $7.2 billion, a sign that tech startup market may be bouncing back
▼ + stars: | 2024-04-16 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. Deal volume for U.S. venture investments in the first quarter sank to its lowest level since 2017, according to data published earlier this month by PitchBook. The firm raised a $4.5 billion crypto fund in 2022, bringing its total amount raised for crypto and blockchain investments to $7.6 billion. Andreessen Horowitz remains on track to raise more money for its crypto fund and a separate biotechnology fund, a person familiar with the matter told Bloomberg. Andreessen Horowitz wrote a $350 million check to the company, which was just getting started and has yet to make inroads in the residential real estate market.

Persons: Andreessen Horowitz, Ben Horowitz, Marc Andreessen, Horowitz, PitchBook, bitcoin, Adam Neumann Organizations: Bloomberg, PitchBook, Astera Labs, CNBC Locations: Silicon Valley, U.S

☆ How Big Tech Companies Sabotage New Startups — From the Inside
▼ + stars: | 2024-04-01 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

They don't replace the tech giants — they just get bought by the tech giants. A new paper by two leading scholars suggests that these days, Big Tech doesn't have to resort to buyouts to crush aspiring startups. At this point, Big Tech looks at promising startups the way evil alien empires in science fiction look at helpless planets. The data that Big Tech shares — or doesn't share — can play an instrumental role in shaping a startup's work. Finally, the big companies use their clout on Capitol Hill in an effort to impose stricter regulations on the startups they're ostensibly trying to help.

Persons: that's, That's, Joe Biden, Mark Lemley, Matt Wansley, they're, Wansley, Who, Lemley, Sam Altman, Satya Nadella, Barbara Ortutay, Florian Ederer, Elon Musk, OpenAI, Marc Andreessen, watchdogs, Ederer, Anthropic, Adam Rogers Organizations: Apple, Meta, Microsoft, Federal Trade Commission, Justice Department, Big Tech, Stanford University, Cardozo School of Law, Google, Facebook, Star, Yale, London Business School, Tech, Boston University, titans, IBM, Dells, Business Locations: Silicon Valley, —

☆ Opinion: Trump gives Biden one big lift
▼ + stars: | 2024-03-17 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

Former President Donald Trump’s favorability ratings are only slightly better. The bipartisan legislation to control the flow of migrants across the southern border was blown up by opposition from Trump. One thing that is going right for Biden is Trump himself. “I want to vote for Donald Trump in November, wrote Marc A. Thiessen in the Washington Post. … Just like office holders have released their tax returns (up until former President Donald Trump), I would like to see more candidates release their physical and mental health assessments,” Schurman observed.

Persons: Oscar, ” Ramy Youssef, hungers, Max McCandles, Godwin Baxter, “, Frankenstein, Willem Dafoe, McCandles, Baxter, who’s, ”, Joe Biden’s, Donald Trump’s, Biden, Clay Jones, Trump, Ruth Ben, Ghiat, “ Vladimir Putin, Recep Tayyip Erdogan, Viktor Orban, Adolf Hitler, Xi Jinping, Kim Jong, Saddam Hussein, —, — Donald Trump, ‘, ” Ben, Donald Trump, Marc A, Thiessen, Will, that’s, Dana M, Peterson, Erik Lundh, Will RFK, Mary ’, Aaron Rodgers, Julian Zelizer, Kamala Harris, Andrey Spektor, Hunter Biden, Andrea Hailey, We’re, Frederick D, Dennis Aftergut, Bill Bramhall, Hilary Krieger, Gary Schmidt, ” Bradley Schurman, …, Schurman, Robert Hur, Jack Ohman, Patrick T, Brown, Hur, Republicans “, Biden’s, Franklin D, Roosevelt, Willis, Fani Willis, Willis ’, Nathan Wade, Wade, Norman Eisen, Danya Perry, Joshua Kolb, Scott McAfee, Wade’s, ” “, ’ Biden, ” Jose Antonio Vargas, “ It’s, ” Dana Summers, Garry Pierre, Pierre, Ariel Henry, Henry, America sneezes, Frida Ghitis, TikTok, ” Ghitis, Catherine, Princess, Kate, George, Princess Charlotte, Prince Louis, ” Rosa Prince, Louis ’, William, ’, ” Prince, Ekaterina Kotrikadze, Jonathan I, Fareed Zakaria, Carrie Sheffield, Noah Berlatsky, Kristen Stewart’s, queerness, Doug Heye, MAGA Trump, Dean Obeidallah, Katie Britt’s, Amy Hanauer, Naomi Walker, Robert Downey Jr, Da'Vine Joy Randolph, Emma Stone, Cillian Murphy, Arturo Holmes, Jeff Yang, Jack Palance, Warren Beatty, Faye Dunaway, they’d, ” Yang, Cord Jefferson, Lily Gladstone, “ Gladstone, she’s, Leonardo, DiCaprio, Robert DeNiro, Emma Stone’s, Bella, ” Stone Organizations: CNN, Trump, Hamas, GOP, Washington Post, Mar, Hungarian, ”, Conference Board, Will RFK Jr, White House, American Enterprise Institute, Biden, Union, Republicans, Twitter, Pew Research Center, Content Agency Haiti, Haitian Times, Haitian, America, Kensington Palace, AP, Reuters, Agency, North, Hollywood Locations: Gaza, Israel, Ohio, Washington, Ukraine, Afghanistan, America, Georgia, Fulton County, Fulton, he’s, Florida, Texas, Haiti, Puerto Rico, Maryland, China, Wales, Kensington, North America, La, American

☆ Silicon Valley moguls are weighing in on Elon Musk's battle with OpenAI and it's getting cattier than a 'Real Housewives' reunion
▼ + stars: | 2024-03-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk and his fellow billionaire tech bros are brawling over their differing views on OpenAI, and the back-and-forth is getting ugly. On Thursday, Elon Musk sued OpenAI and its CEO, Sam Altman. "Vinod doesn't know what he is talking about here," Musk wrote in a reply on X. "Vinod is lobbying to ban open source," Andreessen wrote on X.AdvertisementVinod is lobbying to ban open source. Representatives for Musk, Khosla, and Andreessen did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Elon Musk, OpenAI, Sam Altman, Altman, Musk, OpenAI didn't, Vinod Khosla, Khosla, Elon, Vinod doesn't, @OpenAI, Marc Andreessen, Vinod, Andreessen, D9ihtHEOiB, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, Business, xAI, Venture, Netscape Locations: OpenAI

☆ Silicon Valley's elite are moralizing about the future of AI
▼ + stars: | 2024-03-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

It has reignited the savior complex of Silicon Valley's biggest personalities too. AdvertisementThough some questions are being asked about how much of a case Musk has here, the whole saga has offered plenty of incentive to Silicon Valley's more opinionated leaders to moralize on the future of AI. The open option — in theory at least — champions AI models that are transparent about how they're trained and collectively developed by a global community of developers. (2) Big companies, small companies, independent developers, and open source communities should be free to pursue AI. But which side of the battle the rest of Silicon Valley's AI leaders fall on will be watched just as closely.

Persons: —, Elon, Sam Altman's OpenAI hasn't, OpenAI —, they're, Meta, Sam Altman, Andrew Caballero, Reynolds, Marc Andreessen, Vinod Khosla, Andreessen, shouldn't, isn't, 2VqL6T5qZe, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, OpenAI, Business, Getty, Manhattan, Chinese Communist Party, Big Locations: China, San Francisco, jure

☆ Google's Gemini flop raises the question: What exactly do we want our chatbots to do, really?
▼ + stars: | 2024-02-29 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Internet culture chronicler Max Read has a particularly sharp assessment about all of it: Yes, this is dumb. are all that interesting or enlightening questions compared to something like "well, what did you want the computer to do?" I can't really even come up with situation where Gemini's refusal to say that Hitler is worse than Elon Musk has some terrible downstream effect. And, also — The Gemini debacle really is a debacle. AdvertisementMaybe we can all take a breath and slow down, and figure out what this tech really can, and can't do.

Persons: Elon Musk, Hunter, Ted Cruz, Max Read, Pol Pot, Martha Stewart, Hitler, they've, chatbots, Marc Andreessen Organizations: Big Tech, Google, Twitter Locations: New York

☆ CEO of BT Consumer explains partnership with EE
▼ + stars: | 2024-02-26 | 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 EmailCEO of BT Consumer explains partnership with EEMarc Allera, CEO of BT Consumer, discusses the company's plans with EE, its 5G strategy and the future of cellphones.

Persons: EE Marc Allera Organizations: BT Consumer, EE

☆ Google has another 'woke' AI problem with Gemini — and it's going to be hard to fix
▼ + stars: | 2024-02-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Read previewGoogle spent much of last week getting hammered for supposedly creating a "woke" AI chatbot and eventually apologized for "missing the mark." AdvertisementBut it's also going to be a problem for Google because it has already said it is trying to influence the way its AI produces results. And that's going to be red meat for anyone who wants to argue that Google — or any other Big Tech company — is "too woke." Last week, after getting similar criticism about the way Gemini handled race when it came to AI-generated images, Google "paused" Gemini's ability to create images. Pulling Gemini altogether would be a considerable black eye for the company, and one I think it will be incredibly reluctant to do.

Persons: —, Ben Thompson, Gemini, Hitler, Elon Musk's, Thompson, Sundar Pichai, Marc Andreessen, it's, they're, Prabhakar Raghavan, Raghavan, Google's, I'm Organizations: Service, Business, Google, Meta, Microsoft, Big Tech, Gemini

☆ Some hear echoes of the Web3 frenzy around generative AI. But its future is likely to play out very differently.
▼ + stars: | 2024-02-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."

Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper

☆ Ben Affleck is unrecognizable during his cameo in Jennifer Lopez's new movie
▼ + stars: | 2024-02-16 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +3 min

Read previewBen Affleck is one of many celebrity guest stars in Jennifer Lopez's new musical film "This Is Me…Now: A Love Story." Affleck is in the driver's seat while Lopez clings from behind, but his face is never shown onscreen. Ben Affleck and Jennifer Lopez costarred in the 2003 film "Gigli." Affleck and Lopez dated in the early aughts and got engaged in 2002, but broke up in 2003 just three days before their wedding. "This Is Me…Now: A Love Story" is a surreal retelling of Lopez's journey in the interim, including her tumultuous dating life.

Persons: —, Ben Affleck, Jennifer Lopez's, Jane Fonda, Keke Palmer, Rex Stone, Stone, Affleck, Lopez, they're, Jennifer Lopez costarred, Dave Meyers, Lopez's, Sean, Diddy, Combs, Marc Anthony, Alex Rodriguez, Meyers Organizations: Service, Business, Sony, Variety

☆ Meta says Broadcom CEO Hock Tan is joining board of directors
▼ + stars: | 2024-02-14 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Meta said Wednesday that Broadcom CEO president Hock Tan and philanthropist and former Enron executive John Arnold are joining the company's board of directors. Tan has been leading the semiconductor giant since 2006, giving him extensive international experience working in computing infrastructure technology. "As we focus on building AGI, having directors with deep expertise in silicon and energy infrastructure will help us execute our long term vision," Meta CEO Mark Zuckerberg said in a statement. The technical backgrounds of the incomers contrast with former Meta operating chief Sheryl Sandberg, who recently said she would step down from the company's board. Tan and Arnold join a board that includes former PayPal Executive Vice President Peggy Alford, venture capitalist Marc Andreessen, Dropbox CEO Drew Houston, former U.S. deputy secretary of the treasury Robert M. Kimmitt and DoorDash CEO Tony Xu.

Persons: Meta, Hock Tan, John Arnold, Tan, Mark Zuckerberg, Sheryl Sandberg, Sandberg, Zuckerberg, Arnold, Peggy Alford, Marc Andreessen, Drew Houston, Robert M, Tony Xu, Meta's Ray Organizations: Broadcom, Enron, Meta, Google, Arnold Ventures, Grid United Locations: Houston, U.S

☆ The most expensive home for sale in the U.S. goes up for $295 million in Naples, Florida
▼ + stars: | 2024-02-10 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as it's called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called Port Royal. The mega-listing includes a main house that spans about 11,500 square feet, with six bedrooms. Two guest houses, each over 5,000 square feet, bring the estate's total interior living space to 22,800 square feet. The residence sits high atop 217 West 57th Street, overlooking Central Park, spanning three floors and over 17,500 square feet.

Persons: Gordon Pointe, Leighton Candler, Corcoran, Candler, Gordon, John, Rhodora Donahue, John Donahue, Hermes, Dawn McKenna, McKenna, she's, It's, Cody Boone, Ryan Serhant, Serhant, naysayers, Donna Olshan, Karen Winnick, Gary Winnick, Kurt Rappaport, that's, Jonathan Miller, Miller Samuel, Jeff Bezos, Clodagh Kilcoyne, Ken Griffin, Larry Ellison, Marc Andreessen, Jim Bartsch, Jerry Perenchio, Miller, Lachlan Murdoch, Rupert Murdoch Organizations: Royal, CNBC, U.S . Army Corps of Engineers, Dawn McKenna Group, Coldwell, Coldwell Banker Realty, St, SERHANT Studios, Encantada, U.S, Washington , D.C, Reuters, Amazon, Oracle, Bel Air, Fox Corp Locations: Gordon Pointe, U.S, Naples , Florida, Gulf, New York, of Mexico, Pittsburgh, Port Royal, America, New York City, Central, Manhattan, Los Angeles, Bel, Washington ,

PEBBLE BEACH, Calif. (AP) — The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises. PGA Tour Commissioner Jay Monahan was holding a conference call with players about the deal that was finalized Tuesday night. Political Cartoons View All 253 Images“By making PGA Tour members owners of their league, we strengthen the collective investment of our players in the success of the PGA Tour,” Monahan, who will be CEO of PGA Tour Enterprises, said in the formal announcement. While specific details of the equity ownership program were not announced, the initial grants would be based on career accomplishments, recent achievements and PGA Tour status. The European tour was part of the framework agreement on June 6, and it has a strategic alliance with the PGA Tour.

Persons: LIV Golf, Jay Monahan, ” Monahan, Marc Attanasio, Arthur Blank, Steven Cohen, Wyc Grousbeck, Tom Werner, John Henry, Marc Lasry, Alec Scheiner, ”, Henry, Woods, Patrick Cantlay, Adam Scott, Jordan Spieth, Webb Simpson, Peter Malnati, Yasir Al, Sen, Richard Blumenthal, Conn, LIV, Dustin Johnson, Brooks Koepka, Phil Mickelson, Bryson DeChambeau, PIF, Jon Rahm, Tyrrell Hatton, ___ Organizations: Strategic Sports Group, Tour Enterprises, PGA Tour, SSG, Associated Press, Washington Post, Public Investment Fund, PGA, SSG —, Tour, Fenway Sports Group, Milwaukee Brewers, Atlanta Falcons, New York Mets, Boston Celtics, Boston Red Sox, Milwaukee Bucks, Cleveland Browns, RedBird, Fenway Sports, PGA Tour Enterprises, Saudi, Monday, PIF Locations: Calif, Saudi, Saudi Arabia, PIF, Mexico

☆ When Soccer’s Content Mine Loses Sight of Reality
▼ + stars: | 2024-01-27 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

The show, depicting Liverpool’s preparations for the 2012-2013 Premier League season, ran for only one series, amounting to just six episodes. Its subsequent cultural half life has been limited, too; those few elements which have lingered illustrate perfectly why it was not renewed. It would emerge later, of course, that both incidents were a little more nuanced than first assumed. The envelope trick had been adapted from a method once used — albeit with considerably more success — by Alex Ferguson. The portrait had been a gift from a disability charity with which Rodgers had worked closely during his time at his previous club, Swansea.

Persons: Marc Andreessen, ruefully, Brendan Rodgers, …, Rodgers, Alex Ferguson Organizations: maven, League Locations: Liverpool, Swansea

☆ No one can figure out what is going on in the trailer for Jennifer Lopez's new Amazon movie
▼ + stars: | 2024-01-18 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Jennifer Lopez dropped the trailer for her new movie "This Is Me...Now: A Love Story" on Wednesday. Here's what we know about Lopez's "musical, cinematic experience." AdvertisementThe trailer for Jennifer Lopez's upcoming Amazon Prime Video movie — or at least, we think it's a movie — has baffled the internet. — Pearl Boshomane (@Pearloysias) January 18, 2024Me after watching Jennifer Lopez’s new movie trailer pic.twitter.com/Xe1RUoINWy — Cote (@notcodyitscote) January 17, 2024The main source of the confusion is that the film appears to span multiple genres. This doesn’t just look like a visual album it looks like a fully fledged movie musical?!

Persons: Jennifer Lopez, —, Jennifer Lopez's, Lopez, Ben Affleck, I'm, I’m, 6qUxFe4Aex —, Pearl, Jennifer Lopez’s, — Cote, Marc Anthony, Cris Judd, Ojani Noa, Lope, Lope z, Lope z 's "hea Organizations: Service, Prime, Twitter, isu Locations: PAU

☆ New California city backed by Silicon Valley billionaires will be about 18,600 acres — less than half the size of the purchased land
▼ + stars: | 2024-01-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Notably, the acreage is less than half of the nearly 55,000 acres Flannery Associates purchased presumably for the project since at least 2018. Flannery Associates has spent about $800 million grabbing up land throughout the county that sits about 60 miles above San Francisco. But the group also has been in a contentious legal battle with a handful of Solano County landowners since May. In a lawsuit, Flannery Associates accused landowners of conspiring to inflate the land prices. In response, attorneys for the landowners accused Flannery Associates of using "strong-arm tactics" to pressure landowners into selling their land.

Persons: —, Flannery, Solano County —, Flannery Associates, Marc Andreessen, Laurene Powell Jobs, Reid Hoffman, Flannery overpaid, Jan Sramek, Flannery Will Ruin, Mitch Mashburn, Mashburn Organizations: Silicon, Service, Flannery Associates, Solano Homes, Jobs, Clean Energy Initiative, New York Times, LinkedIn, Local, NBC Locations: California, Solano County, Vallejo , Fairfield, Solano, San Francisco, Silicon

☆ Sheryl Sandberg says she's leaving Meta's board
▼ + stars: | 2024-01-17 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Former Meta operating chief Sheryl Sandberg is leaving the company's board of directors. "With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May," Sandberg wrote in a Facebook post on Wednesday. Sandberg, 54, joined Facebook in 2008 as Mark Zuckerberg's top deputy after spending about seven years at Google. Since leaving Meta, Sandberg has dedicated much of her time on her LeanIn.org nonprofit, which focuses on empowering women tin the workplace, and related projects. "Thank you Sheryl for the extraordinary contributions you have made to our company and community over the years," Zuckerberg wrote.

Persons: Sheryl Sandberg, Sandberg, Mark Zuckerberg's, Javier Olivan, We've, Sandberg's, Zuckerberg, Sheryl, Adam Bosworth, Peggy Alford, Marc Andreessen, Drew Houston, Nancy Killefer, Robert M, Tony Xu, Tracey T, Travis, Estée Lauder, Here's, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, Mark Organizations: Meta, Facebook, Google, CNBC, McKinsey & Company, Estée Locations: U.S

SAN FRANCISCO (AP) — Promoters of a secretive Silicon Valley-backed ballot initiative to build a new city on farmland between Sacramento and San Francisco are releasing more details of their plan as they submit paperwork Wednesday to qualify for the November election. That's why Jan Sramek, CEO and founder of California Forever, and the project's backers are turning to the ballot. California and the San Francisco Bay Area are desperate for more housing, especially affordable homes for teachers, firefighters, police and other municipal workers who make a city run. Political Cartoons View All 253 ImagesSituated between the Bay Area and the state's capital, Solano County is an attractive location for military contractors, agriculture technology and construction tech companies seeking to innovate, said Gabriel Metcalf, head of planning for California Forever. The plan calls for $400 million to help Solano County residents buy homes in the proposed community.

Persons: stealthily, Jan Sramek, Gabriel Metcalf, Metcalf, Sramek, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, ”, John Garamendi Organizations: FRANCISCO, —, California, Travis Air Force Base, Solano County —, San, California Forever, LinkedIn, Democratic U.S . Rep, U.S . Air Force Locations: Sacramento, San Francisco, Solano County, Rio Vista, California, San Francisco Bay, Texas, Vallejo, Fairfield, Silicon Valley

☆ Marc Andreessen says student loan forgiveness is a 'bailout.' Ben Horowitz thinks college is mostly 'a scam.'
▼ + stars: | 2024-01-16 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Marc Andreessen thinks student loan borrowers who received loan forgiveness are akin to companies and banks that got government bailouts rescuing them from bankruptcy. In a two-hour podcast titled "Crisis in Higher Ed & Why Universities Still Matter," published by his firm Andreessen Horowitz, Andreessen took issue with people having some or all of their outstanding student debt erased in actions by the Biden administration. Andreessen Horowitz is a major SVB customer, and the bank also invested billions in the firm's funds. The Biden Administration also had a broader student debt relief plan struck down by the US Supreme Court last year, and it has moved forward with targeted relief programs based on specific borrower criteria. In response to Andreessen's issue with student loan forgiveness, A16z cofounder Ben Horowitz responded with the argument that, although the action provides relief for some, it does not address "the real issue."

Persons: Marc Andreessen, Andreessen Horowitz, Andreessen, Biden, they've, wouldn't, Ben Horowitz, Horowitz, they'll, That's, A16z Organizations: Service, Business, Legal, Bank, Federal Deposit Insurance Corporation, Biden Administration, US

☆ How Sam Altman's OpenAI drama highlighted the debate splitting Silicon Valley: Are you an e/acc or decel?
▼ + stars: | 2023-12-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewSam Altman's brief ousting as OpenAI CEO didn't just thrust the company further into the global spotlight amid reported personality clashes. It's also highlighted a bigger ethical debate in Silicon Valley: how fast companies should move when pushing out AI technology. Broadly speaking, the debate lies in whether you think that moving full-speed ahead on AI technology will save the world or you think the industry needs to slow down. One key Silicon Valley backer of the idea is veteran venture capitalist Marc Andreessen . His advice to Silicon Valley: "I would encourage any watchers of the industry to not get stuck in a divisive set of rhetoric."

Persons: —, Sam Altman's, didn't, It's, Altman, he's, you've, Marc Andreessen, Elon Musk, Peter Thiel, Sam Bankman, Helen Toner, Tasha McCauley, Toner, McCauley, Altman's, EAs —, Sriram Krishnan, Andreessen Horowitz, — Sriram Krishnan, Gaurab Bansal Organizations: Service, Business, acc, EA, Elon, Wall Street Journal, EAs, Labs, US Department of Commerce, Innovation Labs Locations: Silicon Valley, Silicon

Jan Sramek has spent the past several months in restaurants and conference rooms pitching politicians, environmentalists and labor unions on a plan to erect a new California city on open farmland in an eastern corner of the San Francisco Bay Area. The project is backed by a host of big Silicon Valley names, including the venture capitalists Michael Moritz and Marc Andreessen, the LinkedIn co-founder, Reid Hoffman, and the Emerson Collective founder, Laurene Powell Jobs. At an event Wednesday evening, Mr. Sramek, the chief executive of a company called California Forever, took his case to the Solano County voters. Mr. Sramek took it in stride, patiently answering questions and appearing mostly unruffled. He promised improved infrastructure, employment and middle-class homes for the county’s 450,000 residents.

Persons: Jan Sramek, Michael Moritz, Marc Andreessen, Reid Hoffman, Laurene Powell Jobs, Sramek, ”, “ Flannery Will Ruin Organizations: San Francisco Bay Area, LinkedIn, Emerson Collective, Solano County voters, Vallejo Naval, Historical Museum Locations: California, San Francisco Bay, Solano County

☆ Fire damaged Nikola Tesla's last remaining laboratory that crowdfounders raised over $1 million to save
▼ + stars: | 2023-11-29 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +3 min

A serious fire broke out at the Tesla Science Center at Wardenclyffe. The facility is famed inventor Nikola Tesla's only laboratory still in existence. AdvertisementJust months after a groundbreaking ceremony for a $20-million restoration project, a fire broke out at the Tesla Science Center at Wardenclyffe. Located in Shoreham, New York, the facility is the last-remaining laboratory of inventor Nikola Tesla . The brick walls are still standing, but there is damage to the roof at the Tesla Science Center at Wardenclyffe.

Persons: Nikola Tesla's, —, Nikola Tesla, Firefighters, Marc Alessi, " Alessi, Mark Thaler, haven't, Tesla, Thomas Edison, Matthew Inman Organizations: Tesla Science, Service, Niagara Parks Power Locations: Wardenclyffe, Shoreham , New York, New York, London

☆ Cami Téllez's underwear startup Parade went bust, and employees blame her. Is it OK to write about it?
▼ + stars: | 2023-11-21 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +28 min

Owning Gucci loafers "wouldn't make me any less capable of leading my team," Téllez rightfully pointed out. Most startups attract people who know this and are excited by it, and Parade employees were no different. "Like any for-profit company, Parade sought to make money and deliver value for shareholders," she told Business Insider. Téllez told staffers DeFuria was sick, and some were worried enough to send flowers to his home. Téllez told employees that they should be receiving offers for positions at AAI "within the next 72 hours at the latest."

Persons: Camila Téllez, I'd, —, Steph Korey, Audrey Gelman, they'd, Steve Jobs, I've, Emily Weiss, Marc Andreessen, Téllez, Gen Zers, Calvin Klein, Cami, Cami Téllez's, she'd, Gucci loafers, Slack, Rhonda Moret, there's, Jack DeFuria, Shakira, Warby Parker's, Neil Blumenthal, Peyton Dix, Jeffries, Evan Mock, Kamala Harris, Ella Emhoff, Gen, Karli Kloss, Omar, who'd, Ty Haney —, — Téllez, Kerry Steib, Meredith Gillies, we've, Steib, I'm, Lyndsey Arnold, Arnold, Lailee, Taghdisi, DeFuria, Kristen Dolzynski, Dolzynski, commenter, weren't Organizations: Ariela, Associates International, AAI, CNBC, Columbia University, NYU, Parade, West Dakota, Forbes, longtime, American, Karli, Voices, Spotify, North America, Employees, Casper, Casa de, Former Locations: New York, Instagram, New, Téllez, York, Colombia, North, SoHo, Dominican Republic

In 2021, there were nearly 700,000 divorces — both celebrity and not — across the 45 states that gather this data. If the case goes to trial, Douglas said, the cost can be even higher. Divorce entails big financial, life changesWith divorce comes a lot of life changes — significant ones. Norman estimates this life event cost him between $172,799 and $191,000. "We bought a boat for the kids ... then there was this custody battle and it just drained all of my accounts."

Persons: Johnny Depp, Amber Heard, Jennifer Lopez, Marc Anthony, Katie Holmes, Tom Cruise, Joe Jonas, Sophie Turner, —, Elizabeth Douglas, Douglas, There's, John Norman, Norman, hadn't Organizations: Douglas Family Law Locations: U.S, New York, Ithaca , New York

☆ Boeing chief strategy officer to depart in 2024 as part of restructuring
▼ + stars: | 2023-11-16 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - Marc Allen will step down as Boeing's (BA.N) chief strategy officer at the end of the year and leave the company in 2024 as the U.S. planemaker pares down its strategy arm. In a letter to employees on Thursday, Boeing CEO David Calhoun said the U.S. planemaker will not fill the chief strategy officer role going forward. Boeing will shrink its strategy and corporate development organization and instead have "strategy teams directly joining the business units they support," Calhoun said. Chief Financial Officer Brian West and Mike D’Ambrose, the company's top human resources official, will create a realignment plan for the strategy unit over the next month, Calhoun said.

Persons: Sao Jose dos Campos, Gabriel Araujo, Marc Allen, planemaker, David Calhoun, Calhoun, Brian West, Mike D’Ambrose, Allen, Valerie Insinna, Tim Hepher, Chris Reese, Bill Berkrot Organizations: Boeing, REUTERS, Rights, Embraer, EMBR3, Airbus, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, U.S, China

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