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Several companies, from Airbnb to Snap, are now reconsidering the utility of product managers entirely, while others claim that the product manager's reign will only expand in the age of AI. Advertisement"The shift in power moved from engineering to product managers," says Hubert Palan, the CEO of Productboard, a company that provides software for product managers. "The product manager is at the center of everything," says Avi Siegel, a former product manager who's working on his own startup, Momentum. Whether their coworkers are happy about it or not, product managers are gaining recognition. "The future really does belong to product managers," says Frank Fusco, a product manager turned CEO of a software company called Silicon Society.
Persons: Elle, Sundar Pichai, Satya Nadella, YouTube's Neal Mohan, Gamble, Hubert Palan, doesn't, Avi Siegel, who's, Aaron, he's, ZipRecruiter, Zippia, I've, they're, Palan, Meg Watson, Watson, Brian Chesky, Paul Graham —, Frank Fusco, Fusco Organizations: LinkedIn, Procter, Hewlett, Packard, Microsoft, Apple, Google, Companies, Big Tech, Carnegie Mellon University, . News, McKinsey, Software, Spotify, Chesky, Silicon Society
Bitcoin has smashed records. Should you invest?
  + stars: | 2024-11-19 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +7 min
CNN —In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. But in the past few years, education about crypto assets has been made more available to professionals. While it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%. Using a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts.
Persons: bitcoin, Donald Trump’s, Michael Saylor, , Paul Brahim, Satoshi Nakamoto —, it’s, , Trent Porter, Mike Turi, don’t, ” Turi, Matt, Elliott, Porter, Trump, you’ll, they’ve, ” Porter Organizations: CNN, Securities and Exchange Commission, CNBC, Financial, Association, SEC, Morningstar Locations: bitcoin, Bitcoin, United States
AdvertisementTwinMind, founded by former Google X employees, builds an AI assistant to better understand you. A startup formed from a handful of former Googlers — specifically Google X, the skunkworks lab that explores sci-fi moonshot ideas — is coming out of stealth. Related storiesWolverine originsAt Google X, George was the first machine learning scientist on Wolverine, a hearing wearable project first reported on by Business Insider in 2021. AdvertisementWhen ChatGPT launched in late 2022, George was working at JPMorgan with TwinMind cofounder and CTO Sunny Tang, a Google X alum. AdvertisementHe said they figured it out and claims the TwinMind app can run for 12 hours in the background non-stop before running out the battery.
Persons: , Jarvis, Marvel's Tony Stark, it's, Daniel George, Dan Roth, Rocketship, Anand Rajaraman, Michael Liou, galore, George, you've, TwinMind, ChatGPT, Sunny Tang, Siri, they're Organizations: Google, Oracle, Business, JPMorgan, Android Locations: Robinhood
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPivoted more to Alphabet due to outperformance of Meta, says MoffettNathanson's founding partnerMichael Nathanson, MoffettNathanson founding partner and senior research analyst, joins 'The Exchange' to discuss Meta's investing thesis compared to Alphabet, Zuckerberg's confidence in Meta, and much more.
Persons: Michael Nathanson, MoffettNathanson Organizations: Meta Locations: Meta
Denmark on Wednesday laid out a framework that can help EU member states use generative artificial intelligence in compliance with the European Union's strict new AI Act — and Microsoft 's already on board. Denmark's Agency for Digital Government, the country's central business registry CVR and pensions authority ATP are among the founding partners adopting the framework. This includes guidelines governing how the public and private sector collaborate, deploying AI in society, complying with both the AI Act and General Data Protection Regulation (GDPR), mitigating risks and reducing bias, scaling AI implementation, storing data securely, and training up staff. Netcompany CEO André Rogaczewski said the provisions laid out in the white paper were primarily aimed at companies in heavily regulated industries, such as in financial services. He told CNBC he's aiming to address one core question: "How can we scale the responsible usage of AI?"
Persons: André Rogaczewski Organizations: Microsoft, IT, Public, Denmark's Agency for Digital Government, General Data Protection, CNBC Locations: Denmark, Danish
Nelson Peltz says postelection market rally won't last
  + stars: | 2024-11-13 | 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 EmailNelson Peltz says postelection market rally won't lastNelson Peltz, founding partner and CEO at Trian Partners, joins CNBC’s Delivering Alpha 2024 to discuss Trian’s proxy battle with Disney and CEO Bob Iger, his outlook on the consumer and the economy, his vision for the next four years post-presidential election, and more.
Persons: Nelson Peltz, Bob Iger Organizations: Trian Partners, CNBC’s, Disney
I think their actions don't say the same thing," he told Fortune. Chesky, who inspired the term "founder mode," says those seeking autonomy should be entrepreneurs. The Airbnb CEO recently spoke with Fortune about the "founder mode" model of leadership. But I don't think people for the most part want to be disintegrated. AdvertisementHe said that his operating in founder mode "flies in the face of everything we're taught about modern leadership."
Persons: Fortune, Chesky, , Brian Chesky doesn't, Paul Graham, Graham, Airbnb, he'd, they're, we're, Steve Jobs, Walt Disney, Jensen Huang, Elon Musk Organizations: Service Locations: America
While many tech VCs are optimistic about Trump's second term, some healthcare investors feel stuck. AdvertisementThe lower corporate taxes and deregulation a second Trump term could promise are already amplifying public market optimism. She could be removed as the FTC's head early in Trump's second term — and with relaxed M&A regulations, "anything is possible," said What If Ventures founder Stephen Hays. SOPA Images/Contributor/Getty ImagesMedicaid could also be targeted in Trump's second term. A boon for healthcare AI and Medicare AdvantageTrump's victory could have a positive impact on several big areas of healthcare investment.
Persons: , Donald Trump's, Trump, He's, he'll, Robert F, Kennedy Jr, Trump's, Michael Greeley, Rebecca Noble, Tesla, JP Morgan Chase, Maven, Omada, Sean Duffy, Lina Khan, Stephen Hays, James Leynse, VCs, Carli Sapir, Jordan Nof, Greeley, Shiv Rao, Kennedy Jr's, Chrissy Farr, Phelps, Phillips, Farr Organizations: Trump, Service, Food and Drug Administration, Centers for Disease Control, Biden, Flare Capital Partners, Getty, Healthcare, Health, Cigna, Humana . Bloomberg, Federal Trade Commission, Investors, Business, Amboy Street Ventures, Tusk Venture, Senate, Affordable, Coalition for Health, Mayo Clinic, Johns Hopkins, Microsoft, Alignment Healthcare, Scrub Locations: Trump's Florida, Tuesday's, Trump's, Boston, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's optimism in the C-suites of entertainment and media companies, says Puck's Matt BelloniMatt Belloni, Puck founding partner, joins 'Squawk Box' to discuss the state of the media landscape, impact of President-elect Trump's election victory on the sector, whether there will be more media deals in the future, and more.
Persons: Matt Belloni Matt Belloni, Puck, Trump's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree buys and a bail: Walmart, Goldman Sachs, Energy Transfer, and First SolarVictoria Greene, G Squared Private Wealth founding partner and CIO, joins CNBC's 'The Exchange' to discuss four stocks: Walmart, Goldman Sachs, Energy Transfer, and First Solar.
Persons: Goldman Sachs, Victoria Greene Organizations: Walmart, Energy, Private Wealth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFixing the broken government should be a nonpartisan issue, says Palantir co-founder Joe LonsdaleJoe Lonsdale, 8VC founding partner and Palantir co-founder, joins 'Squawk Box' to discuss President-elect Trump's election victory, top priorities under a second Trump term, and more.
Persons: Palantir, Joe Lonsdale Joe Lonsdale, Trump's Organizations: Trump Locations: 8VC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLooks like Harris is coming up short in 'blue wall' states, says Echelon Insights' Patrick RuffiniPatrick Ruffini, Echelon Insights' founding partner discusses each candidate's performance across the U.S.
Persons: Harris, Patrick Ruffini Patrick Ruffini Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEchelon Insights' Patrick Ruffini talks Trump's performance in Georgia so farPatrick Ruffini, Echelon Insights founding partner, on DC analysis, joins CNBC's Election Night coverage to talk trends out of Georgia.
Persons: Patrick Ruffini Locations: Georgia
"Founder mode" is not about "swagger," says one of the founders who popularized it. Here's what he says most people get wrong about "founder mode" and how he actually defines it. AdvertisementBrian Chesky helped popularize the term "founder mode," but he says some people have gotten it twisted. The term "founder mode" was popularized in September by Y Combinator founding partner Paul Graham, who wrote that Chesky inspired it. "First of all, people don't know what founder mode is," Chesky said on the podcast.
Persons: Brian Chesky, , Y, Paul Graham, Graham, Chesky, Airbnb, Mark Zuckerberg, aren't, Steve Jobs, Walt Disney, Elon Musk, Jony, Hiroki Asai Organizations: Service, Apple, Harvard Business School Locations: Airbnb
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI can help investors see through greenwashing: AlphaTrio Capital's Poman LoPoman Lo, Founding Partner of AlphaTrio Capital, says Hong Kong can become a green innovation "powerhouse" and explains how AI can help impact investing.
Persons: Poman Lo Organizations: AlphaTrio Locations: Hong Kong
A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) forum. The kingdom's $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to 2.87 trillion Saudi riyals ($765.2 billion) in 2023 — and local investment was a major driver. "Value meaning hiring, developing the asset management ecosystem, creating new products, bringing in talent, and investing in Saudi capital markets also. Oil prices and the Saudi economy appear to so far have stayed largely unscathed, dropping 4% early Monday after Israel's weekend strike on Iran. A key reason for that may be the rapprochement deal the kingdom signed with Iran, brokered by China, in March 2023.watch now
Persons: Nureldine, it's, Omar Yacoub, Yacoub, Fadi Arbid, Brent, Arbid, Yemen's, Israel Organizations: King Abdulaziz Conference Centre, Future Investment Initiative, Afp, Getty, Investment Initiative, CNBC, U.S, ABS Global, Public Investment Fund, Saudi, Saudi Arabia's, Amwal Capital Partners, OPEC, Eastern, Ritz, Carlton, Israel Locations: Saudi Arabia's, Riyadh, Saudi, Saudi Arabia, , Dubai, Carlton Riyadh, Gaza, Israel, Lebanon, Iran, Tel Aviv, China
Venture firms are increasingly investing in competing LLM startups like OpenAI and xAI. Some VCs argue investing in multiple LLMs is strategic, while others see it as unethical. AdvertisementWhen venture firms pull out their checkbooks, there has traditionally been an unspoken rule: Do not back a competitor. Sound Ventures and Wisdom Ventures backed both OpenAI and Anthropic. There is also the matter of money, with only a handful of firms capable of writing the colossal checks required to fund LLM companies.
Persons: VCs, , Joe Aaron, — Sheel, Andreessen Horowitz, Elon Musk's XAI, Ilya Sutskever, Umesh Padval, Padval, Anthropic, OpenAI, Gregg Hill, they've Organizations: Service, Sequoia Capital, Fidelity, Ark Invest, Sound Ventures, Wisdom Ventures, Thomvest Ventures, Parkway Venture, Madrona Ventures, NASDAQ Locations: OpenAI, Canadian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalantir co-founder Joe Lonsdale on Musk-Putin conversations, state of 2024 electionJoe Lonsdale, Palantir co-founder and 8VC founding partner, joins 'Squawk Box' to discuss reports of Elon Musk's secret conversations with Vladimir Putin, state of the 2024 election, and more.
Persons: Joe Lonsdale, Palantir, Elon, Vladimir Putin Organizations: Musk
Founders of women's health startups feel doubly invested in this election, one of the closest presidential races of the century. They said another Trump victory creates uncertainty for reproductive health startups, from period trackers to online abortion clinics to embryo banks. For startup Julie, the legal status of emergency contraception is the "million dollar question of this election," said Amanda E/J Morrison. Trump's waffling on reproductive rights has put founders of women's health startups on notice. For some founders of women's health startups, this election is more than a political contest; it has ramifications for their livelihoods.
Persons: Julie, Amanda E, J Morrison, Morrison, Lily, Trump, We're, , Kamala Harris, Trish Costello, Mika Eddy, Eddy, Samuel Corum, Jane, Roe, Wade, Hey Jane, Carli Sapir, Sapir, Donald Trump, Mark Wilson, Flo, Deena Shakir, Lauren Berson Sugarman, Berson, Alice Zheng, Zheng, Julie's, Dobbs, TikTok influencers, Julie swag, Julie Julie's, It's, Melia Russell, Rebecca Torrence Organizations: Suffolk University, Trump, Getty, Amboy Ventures, White, Lux Capital, Maven, Sciences, Vitra Labs, Investors, Walmart, JAMA, Business Locations: New York, Boston, Texas, California, we're, Roe America, Alabama
Elliott Investment Management launched a podcast to influence Southwest Airlines shareholders. AdvertisementLast week, activist firm Elliott Investment Management launched a podcast as part of its efforts to influence Southwest Airlines shareholders. Related storiesElliott said its "Stronger Southwest" podcast will have one-on-one conversations with the firm's nominated directors. But companies like Southwest and Disney, which saw similar activist interest last year, have a lot of individual investors. Before the podcast, Elliott rolled out a website and accounts on Instagram, X, and YouTube.
Persons: , Elliott, Bob Jordan, Jordan, Gary Kelly, Southwest's, Gregg Saretsky —, Scott Bisang, Bisang, Cas Sydorowitz, Georgeson, Sydorowitz, Disney, Nelson Peltz, Bob Iger Organizations: Elliott Investment Management, Southwest, Service, Apple, YouTube, Bloomberg, Disney, Hollywood
Want to Understand America? Watch ‘Shark Tank.’
  + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com   time to read: +19 min
“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.
Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, , Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, , Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, , Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens
Duolingo CEO Luis von Ahn talked about his data-driven approach to "founder mode." A debate over founder mode was recently sparked by Paul Graham's essay advocating hands-on leadership. AdvertisementAmid the wider debate in Silicon Valley about how a CEO should run their company, Duolingo's chief executive is siding with a data-driven approach to founder mode. "Yes, I am in that mode, but we have a number of people who could probably play that role as well," von Ahn said when asked about founder mode. While this my-way-or-the-highway approach feels very indicative of founder mode, arguments rarely happen between the three executives, von Ahn said in the interview.
Persons: Luis von Ahn, Paul Graham's, , He's, Cem Kansu, Ryan Sims, von Ahn, Paul Graham, Graham, Brian Chesky, Von Ahn, Duolingo, let's, Sims Organizations: Service Locations: Silicon Valley
New social-networking and dating startups are coming onto the scene. Here are the pitch decks six startups used while raising Series A and seed rounds. Founders of these startups are tackling problems like loneliness, dating app fatigue, and general dissatisfaction with the current social-media incumbents. Meet 7 VC investors eyeing new social startupsBI spoke with several social-media and dating app founders about how they are raising capital — including the pitch decks they used to raise millions of dollars. Read the pitch decks that helped 6 social-networking and dating startups fundraise millions of dollars:Note: Pitch decks are sorted by investment stage and size of round.
Persons: , Isabella Epstein's, Tiffany, Daybreak Ventures Rex Woodbury, Catalyst, Mervana Parekh, It's, Marlon Nichols Organizations: Service, IRL, Big Tech, Daybreak Ventures, Business, Tinder, Acrew, Mac Venture
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael's response to Iran and impact on oil remains in question, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, and John Kilduff, Again Capital founding partner, join CNBC's 'The Exchange' to discuss outlooks on oil as prices fall 5%, expectations for conflict in the Middle East, and more.
Persons: RBC's Helima Croft Helima Croft, John Kilduff, CNBC's Organizations: RBC Capital Markets, Capital Locations: Iran
Olivia Gaudree started working at Fuel Venture Capital as an intern in her early 20s. She worked her way up the ranks and became a partner in under seven years at 28. AdvertisementThis as-told-to essay is based on a transcribed conversation with Olivia Gaudree, a 28-year-old partner and VP of Operations at Fuel Venture Capital. Networking helped me land my job in venture capitalAt my high school hedge fund internship, I met Maggie Vo, now the managing general partner at Fuel Venture Capital, and got to know her well. Some firms offer entry-level positions within the investment team, but they aren't common.
Persons: Olivia Gaudree, Gaudree, , Maggie Vo, Maggie, Jeff Randsell, he'd, Merrill Lynch, I'm, I've, it's, It's Organizations: Fuel Venture, Service, Fuel Venture Capital, Business, Florida State University, Thomson Reuters, Networking, Fuel Locations: New York
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