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☆ The chip industry uses as much water as the city of Hong Kong. Now factories are working to be more sustainable.
▼ + stars: | 2024-07-31 | by ( Helen Li | ) www.businessinsider.com time to read: +7 min

According to an S&P Global analysis, the global semiconductor industry consumed as much water in 2021 as the city of Hong Kong. Water consumption for chip fabs and data centers will rise as the demand for chips grows. The chip fabs stored the TCE underground, but tanks sometimes ruptured, leaking the chemical into the local groundwater and soil. Now, chip fabs must work with local governments to meet water management and waste disposal requirements. Several researchers are investigating ways to reduce and recycle water in chip manufacturing.

Persons: —, Prakash Govindan, Steve Proehl, Packard, Govindan, he's, fabs, Paul Westerhoff, TSMC, Jensen Huang, Huang, Anuradha Murthy Agarwal, Agarwal Organizations: Service, Business, Intel, AMD, Philips, Hewlett, Environmental, Agency, Arizona State University, Micron, Nvidia, MIT's Materials Research Laboratory Locations: Hong Kong, Taiwan, American, Santa Clara , California, Valley's Santa Clara County, . Arizona, Colorado, Phoenix, Denver

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

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

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

☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

☆ This scientist who worked for Jeff Bezos and Bill Gates is now a VC funding other 'mad scientists'
▼ + stars: | 2024-07-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

And while he wants to tackle the world's biggest problems such as waste, impact isn't Deep Future's sole priority. Related storiesIn some ways, Deep Future's mission harkens back to Silicon Valley's roots, he said. As for Deep Future's investments, the challenge is whether the technology can be built and made cost-effective, ideally within its investment horizon of 10 years. One of Deep Future's portfolio companies, Descycle, is developing non-toxic chemicals to separate gold in electronics in landfills. Getting investors on board with mad scientistsWith Deep Future's niche, getting investors' attention has been easy, Holman said.

Persons: —, Pablos Holman, Jeff Bezos's, Bill Gates, Michael Reid, Holman didn't, Holman, Matt Mullenweg, that's, Alfred Steiner, I'm Organizations: Service, Origin, Ventures Laboratory, Business, Investors, WordPress

☆ Big Tech's phony Trumpism
▼ + stars: | 2024-07-22 | by ( Adam Rogers | ) www.businessinsider.com time to read: +9 min

Before Andreessen and Horowitz formed their venture-capital firm in 2009, Andreessen was an incisive observer of Silicon Valley. Big Andreesen (meaning the current bloated billionaire model) also contradicts Little Andreessen (the earlier, leaner blogger) on the issue of regulation. The reason, he now claims, is that government used to leave Silicon Valley alone. He and his fellow Silicon Valley investor-class billionaires have been sliding rightward for years. It's that I didn't see that this is where Silicon Valley was always headed.

Persons: Marc Andreessen, Donald Trump, That's, Andreessen, Bill Clinton, Hillary, Ben Horowitz, Elon Musk, Larry Ellison —, Trump, —, I've, Horowitz, It's, America's, Biden, Barack Obama, Joe Biden, they're, Dave Karpf, Hillary Clinton, we've Organizations: Democratic, Little Tech, Tech, Government, America, Justice Department, Microsoft, Trump, Little, Bloomberg Technology Conference, Netscape Locations: Silicon Valley, Silicon

☆ 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

Andreessen and Horowitz are the latest and most prominent members of the startup investing community to publicly support Trump. Up until now, there have been pockets of vocal Trump support within Silicon Valley, including conservative provocateur Peter Thiel, the pugnacious hosts of the All-In podcast, and Palantir co-founder Joe Lonsdale. WE HAVE A FORMER TECH VC IN THE WHITE HOUSE. Most of the VCs Business Insider spoke to were unanimously against Kahn. "If it is Biden vs. Trump officially, I think many '"never Trumpers" will go with Trump," said a Bay Area VC.

Persons: —, Andreessen Horowitz, Ben Horowitz, Marc Andreessen, Donald Trump, Sen, JD Vance, Peter Thiel's, Steve Case, Andreessen, Horowitz, provocateur Peter Thiel, Palantir, Joe Lonsdale, Elon Musk, who's, Joe Biden, Vance, Trump, IT'S JD VANCE, WE, MAGA, he's, Bradley Tusk, Chuck Schumer, Tusk, Lina Khan, That's, what's, Kahn, Lina Kahn, Khan, Biden, they're, David Hornik Organizations: Service, The Little, Business, Trump, Wall Street, Founder's Fund, TECH, Democratic, Biden, FTC, SEC, Bay, Republican, Sequoia Capital, Lobby Locations: America, Silicon Valley, New York, Delian, San Francisco, Silicon, There's

AdvertisementThe Thiel effectFor Vance, Thiel's influence first left its mark when he was still a student. Thiel also got a shoutout on the acknowledgments page of Vance's 2016 book, "Hillbilly Elegy." The former PayPal CEO has given $15 million to Vance's campaign, Politico reported — the largest donation ever given to one Senate candidate. AdvertisementOne of Trump's biggest donors in the 2016 presidential campaign, Thiel has re-emerged as a key player in the MAGA movement after largely sitting out the 2020 election. Thiel also appears to have pulled some of his Silicon Valley strings to advance Vance's campaign.

Persons: —, JD Vance, Peter Thiel, Vance, Donald Trump, Thiel, Palantir, Elon Musk, Thiel's, meaninglessness, Tolkien, Steve Case, Trumper, Win McNamee, MAGA, Trump, David Sacks, Musk, Sacks, Tucker Carlson, Nordin Catic, Mark Zuckerberg Organizations: Service, Republican National Convention, Republican, White, Business, PayPal, Trump, Bloomberg, Yale, Yale Law School, Thiel's, Mithril, Narya, Politico, Republican Party, Fox News, Cambridge University Union, Facebook, Palantir Technologies, Spotify Locations: Milwaukee, Ohio, Mithril, Mar, Cambridge, England, Airbnb

☆ 65-year-old quit his job and emptied his life savings to start a business—now he's worth $11 billion
▼ + stars: | 2024-07-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +7 min

Not really," Chaudhry, the billionaire founder and CEO of cloud security company Zscaler, tells CNBC Make It. Together, they plunged their life savings — roughly $500,000 — into SecureIT, a cybersecurity software startup they co-founded in 1997. His timing was perfect: In 1998, Chaudhry sold SecureIT to VeriSign in an all-stock deal worth nearly $70 million. I said, "If [Netscape co-founder] Marc Andreessen could start a company — he was a young guy [right] out of college — why shouldn't I start a company?" It took us a few years to really start getting traction in the market, and VCs can write you off and move on.

Persons: Jay Chaudhry, he'd, Chaudhry, Jyoti, SecureIT, Chaudhry —, —, Marc Andreessen, Let's, we'd, Zscaler, you'll, VCs Organizations: IBM, Unisys, CNBC, Netscape, Atlanta, Software, BellSouth, Fortune, Forbes, IDC, Gartner, VCs Locations: India, SecureIT, Atlanta, Alpharetta , Georgia

☆ Samsung really wants to outsmart Apple in the Galaxy-iPhone battle
▼ + stars: | 2024-07-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

From the city of Suwon, Samsung — the family-led titan of Korean industry — has been the world's top smartphone seller, beating Apple. Last month, Apple unveiled Apple Intelligence, a vision of generative AI that will give its devices a total refresh. In doing so, Apple hopes to inspire consumers to upgrade their iPhones so they can access its suite of AI features. (Only newer models like the iPhone 15 Pro and upcoming iPhone 16 line-up will offer Apple Intelligence). It debuted Galaxy AI, its first take on generative AI features for its devices, at the January launch of its flagship Galaxy S24 range.

Persons: —, Lee Jae, Park, Lee, Siri Organizations: Service, Samsung, Apple, Business, IDC, Samsung Electronics, Bloomberg, South, Apple Intelligence, AI, Samsung Galaxy, Google Locations: South, Suwon, Paris, China

☆ See how different Elon Musk, Jeff Bezos, and other tech CEOs looked when they first started their companies
▼ + stars: | 2024-07-01 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Some of Silicon Valley's biggest names are in their tech bro era. It wasn't always like this — many Big Tech CEOs have shed more nerdy personas from their startup days. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Other Big Tech leaders have significantly changed up their looks since starting their companies; some are nearly unrecognizable (we're looking at you, Jeff Bezos.) Here's a look at the style transformations of some of tech's biggest names:

Persons: —, Mark Zuckerberg, Jeff Bezos Organizations: Big Tech, Service

☆ The author of 'Silicon Valley's bible' is back with a new report predicting how life will change for students and teachers
▼ + stars: | 2024-07-01 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Read previewMary Meeker is back with a new report about AI and education — and it predicts how life will change for both students and teachers. And after a four-year break since publishing a report, Meeker has returned to give her industry insights. For teachers, she writes that using AI to accelerate learning, even for students who miss out on in-person lectures, will be "a new art form." Related stories"As technology evolves and becomes more widely available, teachers should be able to save time and increase productivity," Meeker writes. "On the research side, technical resource availability, such as GPU access, will likely be key to differentiation/leadership," Meeker writes.

Persons: —, Mary Meeker, Morgan Stanley, Meeker Organizations: Service, Business, Bond, Universities

☆ Then and now: What tech CEOs and founders looked like when they first launched their companies versus today
▼ + stars: | 2024-06-28 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Persons: —, Mark Zuckerberg, Jeff Bezos Organizations: Big Tech, Service

☆ Emma Roberts says people who call out nepo babies don't see 'all the rejection along the way'
▼ + stars: | 2024-06-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

Read previewEmma Roberts says even Hollywood's nepo babies don't always have an easy path to stardom. On an episode of the "Table for Two" podcast released on June 25, Roberts spoke to host Bruce Bozzi about the public perception of nepo babies, or "nepotism babies." During the podcast episode, Roberts said it's not always true that nepo babies get everything handed to them on a silver platter. Many nepo babies and even their parents — particularly those in Hollywood — have pushed back against the title and its accompanying critiques. AdvertisementIn December, Meg Ryan defended her son , actor Jack Quaid, against "nepo baby" claims during an interview with Glamour.

Persons: —, Emma Roberts, Roberts, Bruce Bozzi, you'll, Julia Roberts, Eric Roberts, Johnny Depp's, it's, George Clooney, Clooney's, Nick Clooney, Rosemary Clooney, Meg Ryan, Jack Quaid, Lily Allen, Allen, Alfie Allen, Keith Allen, Bernard Arnault, Mukesh Ambani, Tim Draper's, Draper, Gaither, Anderson Organizations: Service, Business, Nickelodeon, New York Magazine, Reliance Industries, Valley's, Applied, Business Insider Locations: Hollywood, British

☆ Efficiency helped turn Silicon Valley around. China is taking it to the extreme to do the same.
▼ + stars: | 2024-06-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Now, China's tech bosses seem ready to do the same. AdvertisementChina is pushing tech workers even harderChinese tech companies seem willing to take Silicon Valley's efficiency mantra even further. Big names on China's tech scene, like JD.com and Jack Ma's Alibaba, have faced a threat from fast-growing newcomers like Pinduoduo, the sister company of online marketplace Temu. AdvertisementQu left Baidu after her comments were made public, but the ferocity of what China's tech workers are hearing isn't abating.

Persons: —, Mark Zuckerberg, Andy Jassy, Meta's Mark Zuckerberg, Richard Liu, Liu, Jack Ma's Alibaba, Pinduoduo, Jack Ma, Wang, Ma's Alibaba, aren't, Qu Jing, Qu, Baidu, isn't Organizations: Service, Business, Financial Times, Bloomberg, China Labor Watch, Baidu Locations: China, Beijing

☆ Apple Intelligence seems to have a ChatGPT-shaped problem in China
▼ + stars: | 2024-06-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Apple is betting its future on Apple Intelligence. Apple may have a problem offering these services in China, its second-biggest iPhone market. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf there's one place Tim Cook could do with Apple Intelligence being a real hit, it's China. This story is available exclusively to Business Insider subscribers.

Persons: —, Tim Cook Organizations: Apple, Apple Intelligence, Service, Business Locations: China, iPhones

☆ Nvidia stock has 50% upside on the potential boom of its AI-fueled software business, analyst says
▼ + stars: | 2024-06-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock still has 50% upside, according to Rosenblatt analyst Hans Mosesmann. That's according to Rosenblatt semiconductor analyst Hans Mosesmann, who increased his Nvidia price target to a street-high $200 per share on Tuesday. But going forward, the real profit story for Nvidia isn't in its hardware-focused GPU business, but rather in its software business, which is spearheaded by Nvidia's popular CUDA platform. Right now, Nvidia's hardware business is going through an unprecedented boom period. Mosesmann's bullishness on Nvidia's software platform was echoed by I/O Fund Tech analyst Beth Kindig last month.

Persons: Rosenblatt, Hans Mosesmann, Mosesmann, —, Hopper, Blackwell, Rubin, Beth Kindig, Kindig Organizations: Nvidia, Service, Rosenblatt, Nvidia isn't, O Fund Tech

☆ How to Save Tech Industry: Fire Managers, Put Tech People in Charge
▼ + stars: | 2024-06-11 | by ( Ed Zitron | ) www.businessinsider.com time to read: +11 min

This disastrous mindset has hollowed out Silicon Valley's ability to innovate and caused regular people to grow increasingly frustrated with everyday tech. The large platforms have generally ignored this feedback for one big reason: The tech industry has been taken over by career managers. Now Google Search is more profitable and worse, elevating spammy content and outright scams, a problem exacerbated by artificial intelligence. AdvertisementBut today's tech products feel built to sell a dream of the future rather than solve a customer's existing pains. As long as the tech industry is controlled by people who don't build things, it will continue to build products that help raise growth metrics rather than help consumers with tangible problems.

Persons: scammers hawking, Meta's, Hewlett Packard, Kevin Systrom, Mike Krieger, Adam Mosseri, Systrom, Krieger, Mosseri, Mark Zuckerberg, Instagram, Kylie Jenner, Kim Kardashian, Sundar Pichai, Prabhakar Raghavan, Raghavan, Ben Gomes, Gomes, it's, Sam Altman, Helen Toner, Ilya Sutskever, Larry Summers, Fidji Simo, Meta —, —, Steve Jobs, Steve Wozniak Organizations: Facebook, Google, Microsoft, Amazon, Oracle, Adobe, Meta, Builders, Apple, Xerox, HP, Department, Reuters Institute, Oxford University, Silicon Valley Locations: Silicon, Silicon Valley

☆ Jack Dorsey gave $10 million to an anonymous founder with a deep devotion to a fascist 'guru'
▼ + stars: | 2024-06-06 | by ( Katherine Long | ) www.businessinsider.com time to read: +6 min

"It's a truly open protocol. Advertisement"We don't know who the leader is, it's like this anonymous Brazilian," Dorsey said. It's not clear how much of the $10 million Dorsey gave to support the development of Nostr will make its way to Parra. Parra, as Fiatjaf, sits on a committee established by the organization to organize Nostr development efforts, Bitcoin Magazine reported. After an X user suggested to Dorsey that he help fund Nostr, Dorsey replied within 24 hours, "funding deployed to @fiatjaf."

Persons: —, Jack Dorsey, Dorsey, Nostr, Edward Snowden, Giovanni Torres Parra, Olavo de Carvalho, de Carvalho —, Parra, Olavo, Jair Bolsonaro's, Fiatjaf, It's, . Parra, Forbes Organizations: Service, Business, Pepsi, Forbes, Sats Initiative, Bitcoin Magazine, Austrian Locations: Brazilian, Virginia, Brazil, Dorsey

☆ The historic rise of Facebook in photos — from a Harvard dorm room to one of the world's biggest companies
▼ + stars: | 2024-06-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

This is a big year for Meta: Facebook turned 20 in February. The company's meteoric rise is one of Silicon Valley's biggest success stories. Here's how Facebook grew from a website built in a Harvard dorm to one of the world's biggest companies. AdvertisementFacebook is a classic Silicon Valley success story: It's gone from an idea hatched in a Harvard dorm to one of the most powerful and influential companies in the world. These days, Meta has more than 2 billion people using its social network monthly and is one of the world's biggest companies.

Persons: Facebook, —, It's, Mark Zuckerberg Organizations: Meta, Facebook, Harvard, Service, Business

☆ Silicon Valley's battle over AI risks is escalating fast
▼ + stars: | 2024-06-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Read previewThere's a battle in Silicon Valley over AI risks and safety — and it's escalating fast. This story is available exclusively to Business Insider subscribers. Right to WarnWhile the concerns around AI safety are nothing new, they're increasingly being amplified by those within AI companies. OpenAI did not immediately respond to a request for comment from Business Insider, made outside normal working hours. A spokesperson previously reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee.

Persons: —, OpenAI, Bengio, Geoffrey Hinton, Stuart Russell, Jacob Hilton, Hilton, Sam Altman, Helen Toner, Altman, Russell, Daniel Kokotajlo, Kokotajlo Organizations: Service, Google, Business Locations: Silicon Valley, OpenAI

☆ Tim Cook is about to reveal Apple's plan to dominate the internet for another decade
▼ + stars: | 2024-06-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewWhen Steve Jobs launched the first iPhone in 2007, it was a landmark moment in Apple's history that involved the CEO of another Silicon Valley company: Google. Now, Apple is preparing to unveil its plans to dominate the internet again — with the help of another Silicon Valley company. Apple's plan to dominate the internet, againOn Monday, when CEO Tim Cook kicks off Apple's Worldwide Developer Conference (WWDC), he's expected to reveal a new vision of artificial intelligence by announcing a partnership with OpenAI. Time will tell if the deal is as powerful as Apple's search engine agreement with Google. AdvertisementOne thing is certain: Apple's about to pitch the world on its plans to dominate the internet in the AI age.

Persons: —, Steve Jobs, Eric Schmidt, Google's, Apple, it's, Tim Cook, he's, Bloomberg's Mark Gurman, Dan Ives, OpenAI, Sam Altman Organizations: Service, Google, Apple, Business, Apple's, Conference, OpenAI, Rivals, Microsoft Locations: Bloomberg's

☆ Sam Altman has reportedly invested in more than 400 companies and has holdings worth at least $2.8 billion
▼ + stars: | 2024-06-03 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Sam Altman has invested in more than 400 companies, The Wall Street Journal reported. Some firms reportedly backed by Altman do business with OpenAI, raising questions about conflicts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSam Altman and his venture funds have reportedly invested in more than 400 companies. The Wall Street Journal reported that Altman is one of Silicon Valley's most prolific individual investors, with holdings worth at least $2.8 billion as of early this year.

Persons: Sam Altman, Altman, OpenAI, — Organizations: Street Journal, Service, Bloomberg, Business Locations: OpenAI

☆ With Trump, Silicon Valley elites see AI regulation as they see fit
▼ + stars: | 2024-06-02 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

While Musk hasn't formally endorsed Trump, one reason Silicon Valley heavy-hitters could be gravitating toward a convicted former president is a desire to see less regulation on tech development in America. AdvertisementCuban, a vocal opponent of Trump who has expressed his support for Joe Biden, told Business Insider in an email that he views the support from Silicon Valley and Wall Street billionaires for Trump as "self-serving." "So unless it's very light touch, which is unlikely at this point, the more influence they have over Ai regulation the better the opportunity to advantage themselves." "It's still very early to be imposing regulation," Sacks said. That's not to say every Silicon Valley player investing in AI and Trump hopes to see an unrestrained, Wild West of artificial intelligence development.

Persons: —, Donald Trump, Elon Musk, Shaun Maguire, Trump, David Sacks, Biden, Puck, Sacks, hasn't, Mark Cuban, Joe Biden, Cuban, BRENDAN SMIALOWSKI, Maguire, Sacks didn't, Garry Tan, Y, That's, Chamath, Palihapitiya, Musk, Rishi Sunak Organizations: Service, Silicon, Trump, Business, Sequoia Capital, Venture, Wall, acc, Securities and Exchange Commission, and Wildlife Service, British Locations: Russia, Ukraine, San Francisco, America, Silicon Valley, Cuban

☆ Crypto.com's Exchange, Sponsorships, and Commercials, Explained
▼ + stars: | 2024-05-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

(That's not a knock on the company — for a lot of crypto exchanges, the Empire State is a tough nut to crack.) Crypto.com's primary business is its cryptocurrency exchange, which works as a middleman for people buying and selling crypto, but it also offers other products, including crypto Visa cards. To be sure, the casino thing could be said about most crypto exchanges — and sports-betting apps, and many regular trading apps. It's a good reminder that, whatever the company, it's better to use exchanges only for trading your crypto assets, not for storing them. Or maybe in five years we'll be looking back at this moment and saying: "Remember that one crypto company?

Persons: Eminem, Sam Bankman, Crypto.com doesn't, Jojo Siwa, it's, He'd, Nic Carter, Crypto.com, Kris Marszalek, Foris DAX Asia, It's, Matt Damon, Steven Kalifowitz, Bill Clinton, Tony Blair, FTX, hasn't, Marszalek, wasn't, Alex Gladstein, Emily Stewart Organizations: NBA, Los Angeles Lakers, It's, UFC, NASCAR, Lakers, Castle, Ventures, Staples Center, Miami Heat's, Binance's, Forbes, Financial Times, Securities and Exchange Commission, Bloomberg, PayPal, JPMorgan doesn't, Human Rights Foundation, Business Locations: New York, America, Singapore, Nigeria, Bulgaria, Monaco, Hong Kong, Polish, Los Angeles, Bahamas, Netherlands, Asia, Americas

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