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☆ Sam Altman, under fire from Elon Musk, has now offered his own vision of open-source AI
▼ + stars: | 2024-07-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman has a vision for open-source AI, and it's not far from what the company's former cofounder, Elon Musk, has been asking for. But what's notable in Altman's proposal was how he highlighted the role open-source AI models could have in strengthening America's hold on the field. AdvertisementTo be sure, Musk also has some reservations about how open AI models should be. Advertisement"I believe that open source is necessary for a positive AI future," Zuckerberg wrote in a blog post on the same day. "There is an ongoing debate about the safety of open source AI models, and my view is that open source AI will be safer than the alternatives.

Persons: —, Sam Altman, it's, Elon Musk, Altman, Altman's, Musk, pummeling Altman, OpenAI, OpenAI's, Ilya Sutskever, Sutskever, Musk didn't, Mark Zuckerberg, Meta, Zuckerberg Organizations: Service, The Washington, Business, Google, Microsoft, OpenAI, Business Insider

☆ Grimes, Elon Musk's ex, is speaking out in support of his estranged trans daughter
▼ + stars: | 2024-07-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk's former partner, Grimes, has spoken out in support of the Tesla chief's daughter, Vivian Jenna Wilson. "I love and am forever endlessly proud of Vivian," Grimes wrote in an X post on Thursday. It's notable that in her support of Wilson, Grimes referred to her as "Vivian." AdvertisementWilson is one of the 12 children that Musk shares with three different women — his ex-wife, Justine Musk, Grimes, and Neuralink executive Shivon Zilis. AdvertisementRepresentatives for Musk and Grimes did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Elon Musk's, Grimes, Tesla, Vivian Jenna Wilson, Vivian, lamm, " It, ong Organizations: Service, Business Locations: Wil, usk

☆ Elon Musk is still insisting he's down to fight Mark Zuckerberg: 'Any place, any time, any rules'
▼ + stars: | 2024-07-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk says his offer to fight Mark Zuckerberg still stands. "I'll fight Zuckerberg any place, any time, any rules," he 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 is impressed with Meta's latest AI model, but he's still raring for a bout in the ring with Mark Zuckerberg. "I'll fight Zuckerberg any place, any time, any rules," Musk told reporters in Washington on Wednesday.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg, Musk, Meta, —, Benjamin Netanyahu's Organizations: Service, Capitol, Business Locations: Washington

☆ Elon Musk has finally found something that he can agree with Mark Zuckerberg on
▼ + stars: | 2024-07-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk and Mark Zuckerberg nearly got into a cage fight after Meta tried to dethrone X with Threads. Musk paid Zuckerberg a rare compliment after Meta released its latest AI model on Tuesday. AdvertisementElon Musk has long been at loggerheads with Mark Zuckerberg. But there is at least one subject on which Musk can see eye to eye with Zuckerberg. On Tuesday, Musk offered a rare compliment to Zuckerberg after Meta released its latest AI model, Llama 3.1.

Persons: Elon Musk, Mark Zuckerberg, Meta, Musk, Zuckerberg, — Organizations: Meta, Service, Zuckerberg, OpenAI's, Business

☆ Meet peak summertime Zuck
▼ + stars: | 2024-07-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

On Tuesday, Mark Zuckerberg hit the interview circuit to promote Meta's latest AI model, Llama 3.1. The Meta CEO had a very visible sunglasses tan in one of his interviews. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Zuckerberg gave an interview to AI newsletter writer Rowan Cheung on Tuesday, after Meta released its latest AI model, Llama 3.1, on Tuesday. While the Meta CEO was there to hype his company's latest AI offering, the interview was just as notable for Zuckerberg's visible sunglasses tan.

Persons: Mark Zuckerberg, Zuckerberg, —, Rowan Cheung Organizations: Service, Meta

☆ Why Trump shouldn't be president, according to Elon Musk's old tweets
▼ + stars: | 2024-07-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But the mercurial billionaire was once a skeptic — and very vocal about why he thought Trump shouldn't govern the US. Back in July 2022, Musk criticized Trump after the former president called him a "bullshit artist" during a rally in Alaska. Musk later said in a follow-up post the same day that having Trump as president would result in "too much drama." Musk would go on to host DeSantis' campaign launch on X in May 2023, which was riddled with technical glitches and delays. The pair got closer this year, eventually culminating in a full-throated endorsement of Trump from Musk after Trump survived a failed assassination attempt on July 13.

Persons: —, Elon, Donald Trump's, Trump, Musk, Ron DeSantis, DeSantis, Reid Hoffman, Vinod Khosla, Vance, Vinod, Vance LFG, Jordan Peterson, it's, we've, @jordanbpeterson Organizations: Service, Business, Trump, Gov, Biden, Musk, Democratic Party, Republican Party, BI Locations: Alaska, Florida, United States of America, Gigafactory Texas

☆ Trump, 78, just called himself a 'fine and brilliant young man'
▼ + stars: | 2024-07-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

With Joe Biden out of the race, Donald Trump has become the oldest presidential nominee ever. Trump's now facing off against Kamala Harris, 59, a woman decades younger. On Monday, Trump called himself a "fine and brilliant young man" while criticizing Harris. AdvertisementFormer President Donald Trump, 78, is the oldest presidential candidate ever now that his former opponent, President Joe Biden, is out of the race. But the businessman-turned-politician is going all out to prove that age is just a number — particularly as he now contends with the idea of facing off against Vice President Kamala Harris, 59.

Persons: Joe Biden, Donald Trump, Kamala Harris, Trump, Harris, —, excoriate Harris, Biden Organizations: Service, Democratic, Business

☆ Cathie Wood is buying the dip with CrowdStrike
▼ + stars: | 2024-07-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Cathie Wood is making a bet on the embattled cybersecurity firm CrowdStrike. CrowdStrike's faulty update for Windows computers caused a massive global tech outage on Friday. But that hasn't stopped Wood from buying nearly $12 million of CrowdStrike stock. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCrowdStrike came under fire after an update triggered last week's massive global tech outage, but Ark Invest's Cathie Wood seems to have identified an investment opportunity amidst the mayhem.

Persons: Cathie Wood, hasn't, Wood, —, CrowdStrike Organizations: Service, Business

☆ Elon Musk is very publicly trying to recruit his billionaire peers to the Trump-Vance camp
▼ + stars: | 2024-07-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

The mercurial billionaire gave his endorsement to Trump, just minutes after the GOP presidential candidate was nearly assassinated on July 13. Since then, Musk has only doubled down on Trump and his newly minted running mate, Vance on his social media platform, X. — Elon Musk (@elonmusk) July 21, 2024Trump/Vance LFG!! — Elon Musk (@elonmusk) July 21, 2024Trump/Vance LFG!! Related storiesThe potential switch in Democratic nominee to Harris hasn't swayed Musk, who started criticizing her candidacy on Sunday.

Persons: —, Elon, Donald Trump, Sen, JD Vance, Trump, Musk, Vance, — Elon, Joe Biden, Kamala Harris, Biden, Vinod Khosla, Reed Hastings, Khosla, Hastings, Reid Hoffman, Harris, Vinod, Vance LFG, I'm, Harris hasn't, gFwWAv15Qx — Elon, Daniel Hallin, it's, Hallin, Jonathan Aronson, Aronson, Trump stokes Organizations: Service, GOP, Trump, Business, Democratic Party, Republican Party, Democratic, Netflix, Biden, UC San Diego, USC Annenberg School for Communication, Journalism, Trump . Representatives, BI Locations: Ohio, San Francisco Bay, America, Texas

☆ A top JP Morgan strategist predicted in January that Biden would drop out. Here's what else was in that analyst's list of top 10 'surprises' to look out for in 2024.
▼ + stars: | 2024-07-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewJPMorgan Asset Management strategist Michael Cembalest was right on the money when he predicted that President Joe Biden would drop out from the 2024 presidential race. Cembalest, who chairs the company's market and investment strategy, made the prediction in his list of "top 10 possible surprises for 2024." "President Biden withdraws sometime between Super Tuesday and the November election, citing health reasons. Biden passes the torch to a replacement candidate named by the Democratic National Committee," Cembalest wrote. For one, Cembalest wrote in his list that "the driverless car backlash is coming."

Persons: —, Michael Cembalest, Joe Biden, Cembalest, Biden, Kamala Harris, Harris, Jake Sullivan, Christopher Cavoli, Cavoli Organizations: Service, Management, Business, Super, Biden, Democratic National Committee, Democratic Party, EV, Elon, Russia, US, Armed, Committee, Cembalest, JPMorgan Asset Management, BI Locations: Ukraine, Russia

☆ Mark Cuban says Silicon Valley's bet on Trump is a 'Bitcoin play'
▼ + stars: | 2024-07-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says Silicon Valley's support Trump could be a bet on higher Bitcoin prices. The tax cuts, tariffs and uncertainty that comes with a Trump win will push prices, Cuban said. AdvertisementMark Cuban says he has a "contrary opinion" on why Silicon Valley's tech titans have decided to back former President Donald Trump. Cuban explained that the outpouring of support wasn't so much because they saw Trump as a "far stronger proponent of crypto." This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, Marc Andreessen, Donald Trump's, Mark Cuban, Trump, —, Donald Trump, Cuban Organizations: Trump, Service, SEC, Business

☆ Asia is preparing for a rogue US if Trump and Vance win the election, security and foreign policy experts say
▼ + stars: | 2024-07-18 | by ( Matthew Loh | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump upended the election tradition of "balancing the ticket" when he picked Ohio Sen. JD Vance as his running mate. Vance, a former Trump critic turned MAGA stalwart, has voiced foreign policy views in lockstep with Trump. "I think Trump's tenure has shown that fears of abandonment or ignorance of politics in Asia are overblown," he said. US-China relations won't change much, whether it's Trump or Biden at the wheelEven though Trump started the US-China trade war, experts say that China won't be too bothered if he returns to the White House. AdvertisementFor one, the Biden administration has kept most of Trump's China tariffs in place.

Persons: —, Donald Trump upended, Ohio Sen, JD Vance, MAGA, Asia that's, Vance, Trump, Dylan Loh, Loh, Chong Ja Ian, It's, it's Trump, Biden, NTU's Loh, Joe Biden hasn't, Kevin Chen, Mr Trump, Chen Organizations: Service, Trump, Business, Pacific, Asia, Nanyang Technological University, NTU, National University of Singapore, NATO, Democrat, Republican, NTU's, Rajaratnam, of International Studies Locations: Asia, lockstep, China, Ukraine, Europe, Japan, South Korea, Taiwan, Philippines, South China, France, Beijing, Pacific

☆ Trump is considering giving Jamie Dimon, who he once called a 'highly overrated globalist,' a prime Cabinet position
▼ + stars: | 2024-07-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Donald Trump says Jamie Dimon "is somebody that I would consider" as Treasury Secretary. Trump told Bloomberg Businessweek he has "a lot of respect" for the JPMorgan CEO. Trump previously called Dimon a "highly overrated globalist" for supporting his GOP rival, Nikki Haley. AdvertisementIt looks like Jamie Dimon could have a spot on former President Donald Trump's Cabinet if the GOP nominee wins this November. "I have a lot of respect for Jamie Dimon," Trump told the outlet.

Persons: Donald Trump, Jamie Dimon, Trump, Nikki Haley, —, Donald Trump's, Dimon Organizations: Bloomberg Businessweek, JPMorgan, GOP, Service

☆ Meet the woman who helped boost JD Vance from Ohio obscurity to 'Hillbilly Elegy' superstardom
▼ + stars: | 2024-07-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

Read previewSen. JD Vance of Ohio has come a long way since graduating from Yale Law School in 2013. AdvertisementThe Marine veteran enrolled at Yale Law School in 2010 after graduating from Ohio State University. In his 2016 memoir "Hillbilly Elegy," Vance likened his year at the Ivy League institution to attending a kind of "nerd Hollywood." Vance's bestselling memoir "Hillbilly Elegy" wouldn't have existed without Chua's helpJD Vance released his memoir "Hillbilly Elegy" in 2016. In the "Acknowledgments" section of "Hillbilly Elegy," Vance thanked both Bennett and Chua for their support.

Persons: —, Sen, JD Vance, Donald Trump, JD, Trump, Vance, Peter Thiel, Thiel, Amy Chua, Chua, Chua's, Amy Chua's, Bill Tompkins, Tina Bennett, Bennett, Tina, Tom Brokaw, Chua JD Vance, Usha Chilukuri, Anna Moneymaker, he'd, Usha, Chilukuri, America's Hitler, I'm, Trump's, J.D, @JDVance1, Brett Kavanaugh, Edward Luce Organizations: Service, Yale Law School, America, Business, Ohio State University, Ivy League, Yale, Harvard, Duke Law School, Getty, Trump, Supreme, Financial Times Locations: Ohio, United States of America

☆ Nancy Pelosi has been working behind the scenes to plot Biden's ouster: Politico
▼ + stars: | 2024-07-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Politico's Jonathan Martin wrote on Monday, citing people familiar with the matter, that Pelosi is "convinced Biden will lose." Last week, Pelosi was seen openly talking to House Minority Leader Hakeem Jeffries in the House Democratic cloakroom, Martin reported, citing a Pelosi colleague who saw the exchange. Notably, Jeffries' letter did not say whether the House Democratic Caucus wanted Biden to step aside or stay the course. "Speaker Pelosi fully supports whatever President Biden decides to do. Representatives for Pelosi and Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Nancy Pelosi, Joe Biden doesn't, Politico's Jonathan Martin, Pelosi, Biden, She's, Martin, Hakeem Jeffries, Democratic cloakroom, Jeffries, “, bvl5MYTnSO —, Democratic Party shouldn't, Joe, @SpeakerPelosi, @Morning_Joe, Donald Trump, Ian Krager, Lester Holt, I've, I'm, Biden didn't Organizations: Service, CNN, Business, Democratic, House Democratic Caucus, House Democrats, bvl5MYTnSO — MSNBC, Democratic Party, Politico, Washington, Democrats, Trump, NBC News, Business Insider

☆ Scarlett Johansson says Sam Altman could be a decent Marvel villain — maybe one with a 'robotic arm'
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewActor Scarlett Johansson thinks OpenAI CEO Sam Altman would make a good Marvel villain. In her statement, Johansson said she'd initially turned down Altman's offer to voice the AI model back in September. We cast the voice actor behind Sky's voice before any outreach to Ms. Johansson," Altman said in a statement the following day. Read more about how we chose these voices: https://t.co/R8wwZjU36L — OpenAI (@OpenAI) May 20, 2024In her interview with Dowd, Johansson said that "it was surreal" when OpenAI released "Sky" to the world. AdvertisementRepresentatives for Altman and Johansson didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Scarlett Johansson, Sam Altman, Maureen Dowd, Johansson, Altman, Spike Jonze's, she'd, OpenAI, Scarlett Johansson's, Sky's, We’ve, Dowd, Johansson didn't Organizations: Service, Marvel, New York Times, Business, Times, Business Insider Locations: ChatGPT

☆ Sam Altman says, post-Trump assassination attempt, that he's 'thinking a lot about what a difference an inch can make to history'
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

OpenAI CEO Sam Altman made a call for unity following the failed assassination of Donald Trump. The tech billionaire said the nation needs to "turn down the rhetoric and find slightly more unity." "I am happy to see most Democrats having the grace to step up and lead on this point," Altman said. AdvertisementThe failed assassination attempt on former President Donald Trump has left OpenAI CEO Sam Altman with a lot to think about. "Thinking a lot about what a difference an inch can make to history," Altman wrote in an X post on Sunday.

Persons: Sam Altman, Donald Trump, Altman, — Organizations: Service

☆ Trump told his former White House doctor he would have been shot 'right in the head' if he hadn't turned to look at an immigration statistics chart
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | Tom Porter | ) www.businessinsider.com time to read: +1 min

Trying to get a better look at an immigration statistics chart might have saved Donald Trump's life. Trump told an ally that if he hadn't tilted his head, he might have been shot, per The New York Times. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump might have lost his life on Saturday if he hadn't tilted his head to look at an immigration statistics chart.

Persons: Donald Trump's, Trump, —, Donald Trump Organizations: New York Times, Service, Secret Service, Business Locations: Pennsylvania

☆ Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it'
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Ark Invest's Cathie Wood says she wouldn't have sold her Nvidia stock if she knew it was going up. She previously called Nvidia a "check the box stock" with too much "hyperactivity." Nvidia's stock has gained 172% this year, and it briefly became the most valuable company in June. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHindsight is 20/20 for Ark Invest's Cathie Wood, whose fund missed out on the Nvidia stock rally when it sold its position too early.

Persons: Wood, — Organizations: Nvidia, Service Locations: ARKK

☆ The Kremlin is pushing a MAGA talking point that Biden's administration is to blame for the Trump assassination attempt
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewThe attempted assassination of former President Donald Trump was indirectly caused by President Joe Biden and his administration, a Kremlin spokesperson said on Sunday. Related stories"The central premise of the Biden campaign is that President Donald Trump is an authoritarian fascist who must be stopped at all costs. That rhetoric led directly to President Trump's attempted assassination," Vance, a potential Trump vice presidential pick, said in an X post on Saturday. The central premise of the Biden campaign is that President Donald Trump is an authoritarian fascist who must be stopped at all costs. Trump's eldest son, Donald Trump Jr., also ripped the Democratic Party and accused them of inciting tensions before Saturday's assassination attempt.

Persons: —, Donald Trump, Joe Biden, Trump, Dmitry Peskov, Thomas Matthew Crooks, Peskov, Sen, JD Vance, Ohio, Josh Hawley, Mike Collins of Georgia, Biden, Saturday's, Trump's, Vance, — J.D, @JDVance1, Hawley, Collins, — Mike Collins, Joseph R, Donald Trump Jr, Kamala, zHNX8HuD1A — Donald Trump Jr, Putin, didn't Organizations: Service, Kremlin, Business, Secret Service, Trump acolytes, Trump, Republican, Democratic Party, Biden, St ., Economic, Business Insider Locations: Pennsylvania, Manhattan, Josh Hawley of Missouri, Afghanistan, America, Butler County , PA, Russia, St, St . Petersburg

☆ Support is coming in for an embattled Biden — from Trumpworld
▼ + stars: | 2024-07-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

But he's getting some support — and it's coming from Trumpworld. Advertisement"I don't think anyone wants to call this guy at an emergency at 3 o'clock in the morning but you know, he did an hour. It's almost an hour," Trump Jr. said midway through Biden's press conference. I don't think it was a great job by any means, but I think it's a big one," he said near the end of the podcast. The Trump campaign had already expressed its preference for Biden as a candidate even before Biden's disastrous debate on June 27.

Persons: —, Joe Biden, he's, Donald Trump, Biden, Donald Trump Jr, Trump's, Don Jr, Trump, Will Biden, tonight’s presser, Kari Lake @KariLake, SCVTUQbMSc, DxZoiZys83 — Donald Trump Jr, Jonathan Swan, Swan, Politico, Susie Wiles, Tim Alberta, TRUMP, he'll, Nancy Pelosi, haven't, Pelosi, Joe, Biden didn't Organizations: Service, Biden, Business, Trump Jr, New York Times, Democratic Party, Trump, — Trump, Democrats, Democratic, BI Locations: Trumpworld, Trump, Florida

☆ Elon Musk is gloating on X after Biden's big-boy press conference fumbles
▼ + stars: | 2024-07-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's press conference on Thursday was hotly watched by the nation, including one Elon Musk. Musk said in response to a clip where Biden had accidentally referred to Vice President Kamala Harris as "Vice President Trump." Advertisement"I wouldn't have picked Vice President Trump to be vice president, if she's not qualified to be president," Biden said on Thursday. — Elon Musk (@elonmusk) July 12, 2024Musk also poked fun at the muted facial expressions Biden's Cabinet members had when he made the mistake. I'm not saying I'd vote for Trump," Musk told moderator Andrew Ross Sorkin at The New York Times Dealbook Summit in November.

Persons: —, Joe Biden's, Elon, couldn't, gaffes, Musk, Biden, Kamala Harris, Trump, Harris, she's, Karine Jean, Pierre, John Kirby, Justin Sink, Tesla, Donald Trump, I'm, Andrew Ross Sorkin, Ron DeSantis, he's, Don Lemon Organizations: Service, Business, Trump, downer, White, National Security, Bloomberg, Democratic Party of, The New York Times Dealbook Summit, Florida Gov, GOP, CNN, BI Locations: Southern, Florida

☆ Key Democrats Chuck Schumer and Nancy Pelosi might just be open to ditching Biden
▼ + stars: | 2024-07-11 | by ( Kwan Wei Kevin Tan | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

"As I have made clear repeatedly publicly and privately, I support President Biden and remain committed to ensuring Donald Trump is defeated in November," Schumer said. Related storiesDuring an interview with MSNBC's "Morning Joe," Pelosi declined to give a firm endorsement of Biden staying in the race. A spokesperson for Pelosi later said in a statement to The Washington Post on the same day that the California congresswoman "fully supports whatever President Biden decides to do." AdvertisementRepresentatives for Pelosi and Biden didn't immediately respond to requests for comment from BI sent outside regular business hours. "It's time to come together, move forward as a unified party, and defeat Donald Trump," the letter continued.

Persons: —, Joe Biden, Biden, Donald Trump, Chuck Schumer, Nancy Pelosi, Axios, Schumer, Gavin Newsom, Kamala Harris, Pelosi — unmoored, Pelosi, Biden didn't, @SpeakerPelosi, @Morning_Joe, Alexandria Ocasio, Cortez, Vermont Sen, Bernie Sanders, HuffPost Organizations: Service, Business, New York, Democratic, Gov, Schumer, Washington Post, California congresswoman, BI, New York Rep Locations: California, Alexandria, Vermont

☆ Billionaire Ray Dalio outlines the 3 strategies Democrats could use to deal with Biden, the 'emperor who has no clothes'
▼ + stars: | 2024-07-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, wrote a column for Time magazine published Tuesday. "To begin, I want to make clear that I respect, like, and empathize with President Biden and I get that Democrats find themselves in a difficult position," Dalio wrote. "I look at this case like the fable of the emperor who has no clothes," Dalio added. First, the party can retain Biden as its nominee, a path Dalio thinks the party has chosen for now — at least publicly. Related storiesThe billionaire then suggested two alternative strategies, including a "mini-primary plan" where a select group of candidates battle it out to succeed Biden.

Persons: —, Ray Dalio, Joe Biden's, Biden, Dalio, straightforwardness, Kamala Harris, Biden didn't, Donald Trump, Nancy Pelosi, Joe Organizations: Service, Democratic Party, Bridgewater Associates, LinkedIn, Business, Biden, Democratic, BI, Trump

☆ Here's the who's who of business moguls descending on Sun Valley in rural Idaho for a weeklong summer camp for billionaires
▼ + stars: | 2024-07-10 | by ( Hannah Getahun | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The Allen & Co. Sun Valley Conference draws the ultrawealthy to Idaho for a weeklong retreat. & Co. draws the ultrawealthy to Idaho for a weeklong retreat. The event allows business leaders to connect — and potentially strike some deals. AdvertisementInvestment firm Allen & Co.'s Sun Valley Conference is again drawing in the world's ultra-wealthy for a weeklong retreat in the idyllic Idaho wilderness from July 9 to July 13. This story is available exclusively to Business Insider subscribers.

Persons: Sam Altman, Shari Redstone, Bob Iger, — Organizations: Allen, Co, Sun Valley Conference, Disney, Service, Investment, Sun, Conference, Business Locations: Idaho

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