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☆ Andreessen Horowitz just dealt a blow to tech's move-to-Miami movement
▼ + stars: | 2024-09-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAndreessen Horowitz has reportedly given up on its Miami office after just two years in the space. "The firm is now virtual, but can materialize physically on command," Horowitz said at the time. Andreessen Horowitz did not immediately respond to Business Insider's request for comment. VC investment in Miami also saw a huge decrease in 2023, dropping 70% to $2 billion, according to the Journal.

Persons: —, Andreessen Horowitz, cofounders, Ben Horowitz, Horowitz, Marc Andreessen, Keith Rabois, Rabois, Florida . Austin, Elon Musk, he'd Organizations: Service, Miami Beach, Bloomberg, Business, Miami, Street Journal, SpaceX Locations: Miami, Miami Beach, Miami Beach , New York City, Santa Monica, Francisco, California, San Francisco, Fort Lauderdale, Florida ., Austin, Texas

☆ Oracle billionaire Larry Ellison's incredible real estate portfolio includes properties in Silicon Valley, Japan, Hawaii, and more
▼ + stars: | 2024-09-01 | by ( Jordan Hart | Paige Leskin | ) www.businessinsider.com time to read: +1 min

Larry Ellison, Oracle's cofounder and former CEO, has an extensive real estate portfolio. Here are all the real estate holdings belonging to Ellison, the fifth-richest person in the world. Go to newsletter preferences Thanks for signing up! AdvertisementOracle cofounder Larry Ellison is the fifth-richest person in the world, with a net worth of more than $169 billion, according to Forbes. With a portfolio valued at over $1 billion, Ellison is no stranger to the real estate market.

Persons: Larry Ellison, Oracle's, Ellison, — Organizations: Service, Forbes, Eau, Business Locations: California, Lanai, Eau Palm

☆ JD Vance urges billionaire Peter Thiel to back Trump campaign: 'Get off the sidelines'
▼ + stars: | 2024-08-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks at a rally at trucking company, Team Hardinger on August 28, 2024 in Erie, Pennsylvania. Donald Trump's presidential running mate JD Vance is urging Silicon Valley billionaire Peter Thiel to "get off the sidelines" and financially support the Republican ticket, Vance told the Financial Times. A representative for Thiel did not immediately respond to CNBC's request for comment on Vance's remarks. The Trump campaign has been contacted for additional comment.

Persons: J.D, Vance, Hardinger, Donald Trump's, JD Vance, Peter Thiel, Thiel, Peter, Kamala Harris, Trump Organizations: Sen, Silicon, Republican, Financial Times Locations: Erie , Pennsylvania, Silicon Valley, Wisconsin, Ohio

☆ Why Cramer advises against running out to buy Nvidia's post-earnings stock dip
▼ + stars: | 2024-08-28 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Jim doesn't see a need to step in first thing Thursday morning and buy the dip. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Quarterly commentary During Nvidia's fiscal second quarter, better-than-expected sales were driven by strength in all key segments, including a Data Center segment revenue record. Regarding China, Kress said, "Data Center revenue in China grew sequentially in Q2 and is a significant contributor to our Data Center revenue. Guidance Taking a closer look at guidance, Nvidia's fiscal third quarter may not have beaten the Street's estimates by the magnitude some were hoping for, but it's far from disappointing.

Persons: Lindy, Triple Lindy, Jensen Huang, Hopper, Blackwell, Jim Cramer, Jim doesn't, Colette Kress, Kress, it's, inferencing, ChatGPT, Cloud prem, Nvidia Isaac, Jim Cramer's, Jim, Andrej Sokolow Organizations: Nvidia, Revenue, Triple, Moore's, Hopper, Blackwell, Amazon Web Services, Google, Enterprise, Devices, Intel, Apple, Data Center, Networking, Management, Data, Centers, Automotive, Siemens, Nvidia Blackwell, Mercedes, Benz, Nvidia Omniverse, CNBC, Getty Locations: China, Boston, Silicon Valley

☆ Skyfire lets your AI agent spend your money. We got an exclusive look at the pitch deck the startup used to raise $8.5 million.
▼ + stars: | 2024-08-26 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +1 min

Skyfire Systems just launched out of stealth and raised $8.5 million in seed funding. The startup lets AI agents make autonomous purchases on behalf of their users. Check out an exclusive look at the pitch deck the startup used to raise its seed funding round. A new startup is now tackling the next frontier in the space: using AI to make purchases on a user's behalf. The startup, Skyfire Systems, just emerged from stealth with $8.5 million in seed funding from financial firms Neuberger Berman, DRW, and Brevan Howard Digital.

Persons: —, Neuberger Berman, DRW, Brevan Howard, Draper, Ripple Organizations: Skyfire Systems, Service, Arrington Capital, RedBeard Ventures, Crossbeam Venture Partners, Inception, Draper Associates, ARCA, Business Locations: Silicon Valley, EveryRealm

☆ Amazon aggregators Branded and Heyday plan to merge as once-booming industry continues to shrink
▼ + stars: | 2024-08-26 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that boomed during the Covid era continues to consolidate. The new name will be officially rolled out in the coming days, and the combined companies are expected to generate annual revenue of $400 million, Rymarz wrote. Heyday and Branded are part of the crowded and turbulent market of Amazon seller aggregators. Prior to the deal with Paris-based Branded, Heyday explored a possible tie-up with Dragonfly, whose backers include L Catterton, before the talks fell apart, CNBC previously reported. WATCH: What's behind the hype and billion-dollar aggregators buying Amazon sellers

Persons: Sebastian Rymarz, Rymarz, Aggregators, Jared Kushner's, highflier Thrasio, aggregators Organizations: CNBC, Apollo Global Management, BlackRock, Bloomberg, Companies, Jared Kushner's Affinity Partners Locations: New York, Silicon Valley, BlackRock, Paris

☆ VCs are fighting, investors are annoyed, and the presidential election has become a constant distraction that Silicon Valley just wants to be over
▼ + stars: | 2024-08-24 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She didn't sign, not because she doesn't support Harris (she does) but because she sees no upside in broadcasting her political intentions. The former president has also received endorsements from famous VCs Marc Andreessen, Ben Horowitz, Doug Leone, and David Sacks. Now, executives are waiting until after the election concludes to make any decision, according to a source familiar with the matter. Publicly supporting candidates has no upside for LPs, especially considering many LPs have their own agendas, added a VC.

Persons: —, Kamala, Kamala Harris, Harris, We're, Joe Biden, David Hornik, Israel —, There's, Leslie Feinzaig, VCs, Elon Musk, Trump, Marc Andreessen, Ben Horowitz, Doug Leone, David Sacks, Reid Hoffman, Reed Hastings, Ron Conway, Graham, Walker, MAGA, they're, Divya Kakkad, Sacks, Jesse Middleton, Middleton, Cameron Lester, Lester, tradespeople, ServiceTitan, I've Organizations: Service, Business, San Francisco, Lobby Capital, August, Republicans, Israel, Netflix, Graham, Craft Ventures, Jefferies, Publicly Locations: San, Silicon Valley, Los Angeles, Bay, New York

☆ RFK Jr. suspends 2024 campaign, throws support behind Trump
▼ + stars: | 2024-08-23 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Read previewRobert F. Kennedy Jr. suspended his long-shot presidential campaign on Friday, throwing his support behind former President Donald Trump in a bid to shake up an already chaotic 2024 race. Related storiesIn recent days, Kennedy's campaign has shown signs of strain. Kennedy seemed primed to be a factor in the 2024 election when it appeared that President Joe Biden and Trump were destined for a rematch. Early polls showed that Kennedy was nearing double-digit support when faced with a likely Trump-Biden rematch that Americans didn't want. But, like Trump, Kennedy has faltered over the summer.

Persons: —, Robert F, Kennedy Jr, Donald Trump, Kennedy, Abraham Lincoln's, Nicole Shanahan, Kennedy —, Trump, Donald Trump isn't, he's, Mary Beth Cahill, Kennedy's, Kathleen Kennedy Townsend, Kamala Harris, Joe Biden, hasn't, Biden, Shanahan, Timothy Mellon Organizations: Service, Business, Trump, Democratic, GOP, Democratic National, RFK Jr, DNC, The Washington Post, Biden, Silicon, Kennedy, PAC Locations: Arizona, Maryland, Silicon Valley

☆ Tesla's AI supercomputer has a Silicon Valley town rushing to meet surging electricity demand
▼ + stars: | 2024-08-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

One of these huge new AI data centers is being built at a Tesla office in the Silicon Valley town of Palo Alto. Related storiesDuring a presentation about Tesla's Dojo AI supercomputer, engineer Bill Chang said the company's testing used so much power that it overwhelmed a nearby Palo Alto substation. A slide from a Palo Alto city presentation The City of Palo AltoThe substation upgrade is being done at unprecedented speed. It doesn't help that on July 1 Palo Alto increased electric bills by 9%, well ahead of inflation. She also stressed that Palo Alto utility rates were not increased to pay for this substation upgrade.

Persons: —, Elon Musk, Alistair Barr, Tesla, Bill Chang, Palo Alto Alistair Barr Organizations: Service, Business, Workers, Palo Alto, Palo, Hanover Substation Locations: Silicon, Palo Alto, CPAU, Palo, Hanover

☆ Nicole Shanahan spent almost $19 million on RFK Jr.'s failed presidential run but that's just a sliver of her fortune
▼ + stars: | 2024-08-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAttorney Nicole Shanahan spent almost $19 million boosting Robert F. Kennedy Jr.'s long shot presidential campaign. After abandoning his Democratic primary campaign, Kennedy needed significant funding to set up the organization needed for a credible presidential campaign. She still won't top Rep. David Trone of Maryland, who spent over $60 million of his Total Wine fortune only to lose a Democratic Senate primary. AdvertisementMichael Bloomberg became a meme in the 2020 election when he spent $500 million only to win America Samoa before dropping out of the Democratic presidential primary.

Persons: —, Nicole Shanahan, Robert F, Kennedy Jr, Shanahan, Kennedy, Donald Trump, Kamala Harris, Walz, Sergey Brin, Elon Musk, Musk, David Trone, Michael Bloomberg, JB Pritzker, Mehmet Oz's Organizations: Service, Kennedy, PAC, Trump, Business, Democratic, Bloomberg News, Democratic Senate, America Samoa, Gov, Illinois, Senate Locations: Maryland

☆ I lived in Silicon Valley, New York, and London as a founder. If you're looking for a place to build a business, there's one clear winner.
▼ + stars: | 2024-08-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I've lived in the Bay Area, New York, and the UK while building and scaling Zyper. But if you want to be laser-focused without distractions, you can't beat the Bay Area. Particularly in the Valley, there's a propensity for very quickly backing "zero-to-one ideas" and creating something entirely new. Silicon Valley is special, and I plan to stayI moved Zyper to San Francisco right before the pandemic hit. AdvertisementThere are other emerging markets, like Korea, Brazil, and China, but I think there's something very special about the ecosystem and history of Silicon Valley.

Persons: —, Amber Atherton, I've, Zyper, Y Combinator, Y, it's, Michael Seibel, Everyone's, London's, There's, overregulate Organizations: Service, Business, Patron, Nvidia Locations: San Francisco, London, New York, Palo Alto, Bay, California, Zyper, Mountain View, Hong Kong, England, American, Delaware, . New York, York, Europe, Silicon Valley, Miami, Austin, Silicon, Korea, Brazil, China

☆ Opinion | Billionaire Donors Have It Out for This Legal Prodigy, but President Harris Will Need Her
▼ + stars: | 2024-08-23 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +1 min

Some wealthy Harris backers have called for Khan’s replacement, including the LinkedIn co-founder Reid Hoffman, who donated $10 million to a Democratic super PAC this year. Because Harris’s economic views seemed fuzzy and her ties to Silicon Valley are strong, some on the left worried she might give in to the pressure. Wes Moore of Maryland, a close ally of the vice president, was asked on CNBC about jettisoning Khan, and suggested that Harris might break from President Biden’s aggressive approach to antitrust. “There are going to be different dynamics that are going to require different philosophies,” said Moore. As the broad outlines of Harris’s economic approach have emerged over the last week, it seems at least as populist as Biden’s.

Persons: Kamala Harris, Lina Khan —, —, Harris, Reid Hoffman, Barry Diller, Khan, Wes Moore, jettisoning Khan, Biden’s, ”, Moore Organizations: Democratic, Federal Trade Commission, LinkedIn, CNBC, IAC, Expedia, Gov Locations: Silicon, Maryland

☆ Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.

Persons: —, Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily

☆ Google's live demo of Gemini ramps up pressure on Apple as AI reaches smartphone users
▼ + stars: | 2024-08-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

During Google's Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company's new AI assistant, Gemini. Rivals are preparing consumers for a future of AI, but Google's Gemini features are real and are shipping — at least for testing purposes — now. Google's kickoff on Tuesday could put renewed pressure on Apple, as the two smartphone market leaders race to integrate AI into their operating systems. Google's most important presentation on Tuesday was Gemini Live, its next-generation assistant. The company said Apple's approach is less private than Google's, because Gemini "doesn't require hand-off to a third-party AI provider you may not know or trust."

Persons: Rick Osterloh, David Citron, Citron, Sabrina Carpenter, Apple, Siri's, Siri, haven't, we've, CNBC's Deirdre Bosa, Google's, that's, Osterloh, they're, Grace Harmon, Tim Cook Organizations: Devices, Google, YouTube, San, Rivals, Apple Intelligence . Apple Intelligence, Apple Intelligence, Apple, IDC, Nvidia Locations: Mountain View , California, San Francisco

☆ Mark Cuban says Silicon Valley tech bros have lost their grip on reality and now want to be the board of directors to Trump's CEO
▼ + stars: | 2024-08-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Now, Trump enjoys the support from Silicon Valley bigwigs like Tesla CEO Elon Musk and venture capitalists Marc Andreessen and Ben Horowitz. They want to vote for normal people they can relate to," Cuban wrote in an X post on August 6. Representatives for Cuban and the Trump campaign didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Mark Cuban, Donald Trump, It's, Jon Stewart, Trump, Cuban, Stewart, they've, Peter Thiel, Elon Musk, Marc Andreessen, Ben Horowitz, Vance, Musk, Sen, JD Vance, Ohio, Joe Biden, Kamala Harris, Biden, Harris, Tim Walz, Walz, Walz didn't, didn't Organizations: Service, titans, Business, PayPal, Tesla, Trump, Democratic Party, Republican Party, Democratic, Ivy League, University of Pennsylvania's Wharton School, Yale Law School, Cuban, Business Insider Locations: Silicon, United States, America, Silicon Valley, San Francisco Bay, Minnesota

That’s why, he said, he invested in AppHarvest, a startup that promised a high-tech future for farming and for the workers of Eastern Kentucky. Despite promising local jobs, the company eventually began contracting migrant workers from Mexico, Guatemala and other countries, numerous former employees told CNN. After about a week on the job, Vance took a meeting with AppHarvest founder Jonathan Webb, as Webb later recounted in a Fox News podcast interview. The company’s health care benefits attracted Morgan, a single father, who told CNN he took a pay cut to join the startup. Such comments ring hollow to some former AppHarvest workers, who argue Vance’s rhetoric as a candidate for vice president doesn’t align with the reality they experienced.

Persons: JD Vance, Vance, “ It’s, it’s, ” Vance, AppHarvest, Donald Trump’s, Kentuckians Vance, weren’t, ”, Anthony Morgan, “, Luke Schroeder, AppHarvest’s, JD, Jonathan Webb, Webb, Peter Thiel’s, Thiel, Steve Case, Vance “, Morgan, ” Morgan, ’ ” Anthony Morgan, Shelby Hester, Hester, ” Hester, Grist, Andrew Miller, David Attenborough, Bethany, Gary Broadbent, “ AppHarvest, Mitch McConnell, Hester’s, Mitch Smith, bigwigs, CNN AppHarvest, Martha Stewart, Broadbent, doesn’t Organizations: CNN, Fox, Republican, US Department of Labor, PayPal, AOL, Fox News, AppHarvest, Morehead State University, Workers, Kentucky’s Education, Labor Cabinet, Kentucky Center, Investigative, Kentucky Republican, Securities and Exchange Commission, Retirement Association, Senate, Republican National Convention Locations: AppHarvest, Eastern Kentucky, Kentucky, Mexico, Guatemala, Ohio, Silicon Valley, Morehead, Appalachia, gurneys, Plymouth, Massachusetts, Canada, ”

☆ Secret to Startup Success: Being an Obnoxious Risk-Taker
▼ + stars: | 2024-08-13 | by ( Nate Silver | ) www.businessinsider.com time to read: +11 min

Of the billionaires on the 2023 Forbes 400 list — the 400 richest people in the United States — 70% are basically self-made. In 1982, only 40% of the Forbes 400 had started their own business; the majority were simply scions of inherited wealth. The Forbes 400, however, is the extreme right tail of the curve. But you're not sniffing the Forbes 400 list, where the bidding starts at about $3 billion. I don't think VCs are deliberately picking founders they think are unreliable, although sometimes it seems like it.

Persons: Raj Chetty, That's, Chamath Palihapitiya, Palihapitiya, Josh Wolfe, Wolfe, Elon Musk, Thiel, Jeff Bezos, we're, Sam Bankman, Andreessen Horowitz, A16z, Adam Neumann, Neumann, WeWork, Marc Andreessen, Ben Horowitz, Horowitz, they've, Benchmark's Gurley, Gurley, Nate Silver Organizations: Forbes, United States —, Social Capital, Burger, Lux, VCs, New York Times, Penguin Press, Penguin Publishing, Penguin Random Locations: United States, America, Sri Lanka, Canada, Coney, Israeli, Silicon, Canyon Point , Utah

☆ Opinion | Nate Silver on How Kamala Harris Changed the Odds
▼ + stars: | 2024-08-13 | by ( Ezra Klein | ) www.nytimes.com time to read: +81 min

You know, Hillary Clinton, who was, I think, kind of a terrible candidate, won the popular vote by two points. So I don’t think they gave her a very good hand to play. It doesn’t matter who you are, it matters that you’re right and you’re able to prove it or bet on it in some way. What wasn’t in the Harris model that should have been?” “Yeah, maybe you really can meme your way to victory. And there’s something in it that I don’t think she can explain how she does it, but it makes her a fascinating leader.

Persons: Nate Silver, ”, ESPN’s Nate Silver, Silver, He’s, “ Savage, ” “, he’s, Ezra, Harris, we’ve, Kamala Harris, Donald Trump’s, There’s, Hillary Clinton, she’s, She’s, Gavin Newsom, It’s, Biden, I’m, you’re, Joe Biden, Democratic Party Harris, Liz, —, “, Donald Trump, that’s, George W, Bush, Donald Trump wasn’t, it’s, Michael Jackson, Woody Allen, ’, Chick, don’t, George Floyd, ‘ COVID, COVID, Peter Thiel, Elon Musk, Michael Moritz, Elon, Mark Cuban, Thiel, Max Chafkin, Mark Zuckerberg, Larry Page, Sergey Brin, Marc Andreessen, Ted Cruz, Sam Bankman, Tom Brady, SBF, Carrick Flynn, Oregon’s, I’m Carrick Flynn, Tara MacAulay, vouched, Bill Clinton, Tyler Cowen, they’ve, Jane, JD Vance, Peter Thiel’s, Vance, Trump, Steve Bannon, Don Trump, Jr, Tucker Carlson, Tim Walz, Josh Shapiro, Tell, you’ve, Shapiro, Walz, I’ve, Iglesias, Obama, Susan Collins, Joe Manchin —, Jon Tester, ” “ Sherrod Brown, I’d, Dana White, Hulk Hogan, Joe Biden’s, — let’s, Mike Donilon, Kennedy, ” “ Tim Alberta, Georgia —, Brian Kemp, Blake Masters, Rick Scott, ” “ Trump, Doug Burgum, Black, didn’t, — Woodrow Wilson, Harry Truman, Michael Jordan, everyone’s, Nancy Pelosi’s, Nancy Pelosi, Joe ’, we’re, I’ll, John Coates, Richard Rhodes, Natasha Schüll, Natasha Organizations: Oracle, Trump, Democratic Party, Facebook, Twitter, The New York Times, ’ Harvard University, Democratic White House, Republican White House, Democratic, Silver, George, Vegas, Poker, extroversion, Elon, Sequoia Capital, McLaren, Paypal, Republican, New, PAC, Alameda, Las, Ohio Senate, underperform, White, UFC, RNC, Biden, Biden ., National Association of Black Journalists, Deutsche Bank, Manhattan Project, Design Locations: Nate, Russian, Russia, ’, Elon, Florida, predestiny, Bahamas, Sam, Africa, New York, Oregon, Las Vegas, Petersburg, United States, Ohio, Trump, Minnesota, ” “ Pennsylvania, Pennsylvania, Gaza, Chicago, Montana, Nevada, North Carolina, Georgia, Nevada , Arizona, Biden . Georgia, Carolina, Arizona, Ukraine, LA, It’s, Vegas

Ms. Harris dropped in on each one, in descending order of price and intimacy, as donors enjoyed peach mimosas and shrimp cocktails before her remarks in the grand ballroom. The Harris campaign is immediately being more intentional at courting this community, dispatching aides to meet with affinity groups representing venture capitalists and the cryptocurrency industry. And she has hired additional fund-raising aides with ties to the Bay Area who helped organize Sunday’s event. Ms. Harris also has connections that Mr. Biden simply does not. Josh Becker, who represents much of Silicon Valley in the California Senate and is close with many industry heavyweights, said he had hosted Ms. Harris in his home two decades ago.

Persons: Joe Biden, Kamala Harris, Biden, Harris’s, givers, Harris, ”, “ Harris Walz ”, Donald J, Trump, podcaster David Sacks, Sacks, Sheryl Sandberg, Laurene Powell Jobs, Steve Jobs, Josh Becker, Becker, ” Mr, Jason Henry, Nancy Pelosi, Jeffrey Katzenberg, Tom Steyer, Liz Simons, John Doerr, Reid Hoffman, Steve Westly, Getty, scions, Westly, Harris “, Eleni Kounalakis, —, ” Lateefah Simon, “ Kamala Harris, Simon, “ She’s, Ms, Ron Conway, Steve Spinner, Barack Obama’s, Hopkins, Mr, Spinner Organizations: Sunday, Obama, Bay Area, Facebook, Apple, San, California Senate, The New York Times, Biden, Area, InterContinental Locations: San Francisco, Nob, Woodside, Menlo, California, Pacific Heights, Silicon Valley, Versailles, Bay

After tearing into each other in the past, the world's richest person and Republican presidential nominee have become close political allies. December 2016: Musk appointed to Trump's advisory councilsDonald Trump on Tuesday escalated his feud with Elon Musk in a series of Truth Social posts belittling the billionaire. May 2022: Musk said he would reinstate Trump's Twitter accountTesla CEO Elon Musk. "You know [Musk] said the other day 'Oh, I've never voted for a Republican,'" Trump said during a Saturday rally in Anchorage, Alaska. AdvertisementJuly 2022: Musk says Trump shouldn't run againElon Musk.

Persons: —, Elon, Donald Trump, Trump, Musk, Yasin Ozturk, Hillary, Elon Musk, Evan Vucci, Uber, Travis Kalanick, flack, Alex Brandon, Musk's, Tesla, Justin Sullivan, He's, Thomas Edison, Jonathan Ernst, Chris Saucedo, unban Trump, Patrick T, Fallon, I've, Alexi Rosenfeld, getty, Seth Herald, Twitter, Ron DeSantis, DeSantis, David Sachs, John Moore, Joe Biden, Ohio Sen, JD Vance, Vance, MAGA, Biden, Kamala Harris, Harris Organizations: Service, Trump, Twitter, Business, CNBC, Elon, White, SpaceX, Donald Trump AP, America, Ford, General Motors, NASA's Kennedy Space Center, REUTERS, SXSW, Financial Times, US, Getty, Republican, and Freedom Coalition, White House, Radical Left, Florida Gov, The New York Times, GOP, Times, Republican National Convention, Ohio, Wall Street, Democratic Locations: United States, Paris, Anchorage , Alaska, California, Cape Canaveral , Florida, U.S, Nashville , Tennessee, Musks, Silicon Valley, Mexico, Eagle Pass , Texas, Eagle, , Texas, Washington, Ukraine, Lago, Harris

☆ Trump Media’s revenue remains very tiny as it launches Truth+ streaming
▼ + stars: | 2024-08-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Even though Trump Media & Technology Group (DJT) is valued at $5 billion, the Truth Social owner revealed Friday evening it made just $837,000 in revenue last quarter. But Trump Media is hoping to turn things around by building a streaming business catering to conservatives. Trump Media wants ‘neglected’ contentLast week, Trump Media launched Truth+, a TV streaming platform available on Android, iOS and the Web versions of Truth Social. Trump Media said it will have the right to secure the source code in the future for the streaming technology. Trump not only serves as the chairman of Trump Media, he is the dominant shareholder, with 114.75 million shares.

Persons: Donald Trump’s, Trump, Kamala Harris, ‘, “, ”, Devin Nunes, ” Nunes Organizations: New, New York CNN, Trump Media & Technology, Trump Media, Trump, White House, Fox News, ” Trump Media, Big Tech, Amazon, Netflix, Republican, ” Trump Locations: New York, Silicon Valley

☆ Kamala Harris courts Silicon Valley elite: Here's what to know
▼ + stars: | 2024-08-12 | 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 EmailKamala Harris courts Silicon Valley elite: Here's what to knowCNBC’s Deirdre Bosa joins 'The Exchange' to discuss the latest developments in tech and its impact in the presidential campaigns.

Persons: Kamala Harris, Deirdre Bosa

☆ 3 reasons why recession alarms are flashing a false positive, market vet says
▼ + stars: | 2024-08-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Fresh anxiety might also spring from the fact that the yield curve is finally disinverting, which is a recessionary signal on its own. "In other words, the Credit Crisis Cycle may be on pause this time." AdvertisementStable credit conditions also contradict a typical reason for why the yield curve inverted in the first place. They are usually correct, Yardeni noted, but not this time around. AdvertisementBut when this happens, shorter-term Treasurys typically roll off quicker than longer ones, Yardeni noted.

Persons: —, Ed Yardeni, Yardeni Organizations: Service, Business, Federal Reserve, Federal, Valley Bank, ICE

☆ How to increase your attention span amid digital overload
▼ + stars: | 2024-08-11 | by ( Riane Lumer | ) edition.cnn.com time to read: +10 min

While a dwindling attention span is not due to a personal failing (despite individual variability) a majority of the time, experts say there are changes you can make to regain control over your mind. “Tech companies and ad marketing companies use this information to construct profiles about us, and then they design algorithms that are targeted to capture our attention,” Mark said. “We have a tank of attentional resources (that) gets drained when we keep switching our attention,” Mark said. Additionally, he suggested using an app that places time limits on social media or websites you find yourself addicted to using. “The way I feel at the moment is like somebody is pouring itching powder over us all day,” Hari said.

Persons: I’m, it’s, Gloria Mark, Mark, Graham Burnett, ”, Burnett, Henry Charles Lea, ” Mark, Shoshana Zuboff, “ I’m, Johann Hari, ” Hari, Hari, ’, There’s Organizations: CNN, University of California, Computing Systems, Institute, Strother School, Princeton University, “ Tech, Harvard Business School, Facebook, New York Times, Association of Computing Locations: Irvine, Brooklyn , New York, New Jersey, Boston, Silicon Valley

☆ Former YouTube CEO and Silicon Valley trailblazer Susan Wojcicki has died at age 56
▼ + stars: | 2024-08-10 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

CEO Youtube Susan Wojcicki speaks during the 'What Matters Next' session during the Cannes Lions Festival 2018 on June 19, 2018 in Cannes, France. Former YouTube CEO Susan Wojcicki, who was also one of the most influential early Google employees, has died at the age of 56 according to posts shared online by her husband Dennis Troper and Google CEO Sundar Pichai on Friday night. Wojcicki's husband Dennis Troper wrote on Facebook early Friday night, "It is with profound sadness that I share the news of Susan Wojcicki passing. Pichai confirmed the death and cancer condition in a post on social media Friday, writing that he was "unbelievably saddened" by the loss. During Wojcicki's tenure as YouTube CEO, she oversaw the company's rapid expansion, helping turn it into the largest video platform in the world.

Persons: Susan Wojcicki, Dennis Troper, Sundar Pichai, Wojicki, Wojcicki's, Pichai, Sergey …, Susan, she'd, shepherding, Larry Page, Sergey Brin, Brin, Wojcicki, Google's, Patrick Keane, couldn't, Kim Scott, Neal Mohan, Sheryl Sandberg, @SusanWojcicki, Jeff Dean Organizations: Cannes Lions, YouTube, Facebook, Google, Intel Locations: Cannes, France, Silicon Valley, Park , California

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