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☆ Tech companies most threatened by Trump are donating to his inauguration fund
▼ + stars: | 2024-12-13 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos have a particularly sketchy past with President-elect Donald Trump. Meta donated $1 million to the inauguration, the company confirmed to CNBC, weeks after Zuckerberg dined with Trump privately at his Mar-a-Lago resort. Trump has been a vocal critic of tech companies, and he signaled earlier this month that he won't shy away from antitrust enforcement. The incoming president nominated Gail Slater, who advised Trump on tech policy during his first term, to head the Department of Justice's antitrust arm. In his first term, Trump repeatedly attacked Bezos and his companies, Amazon and The Washington Post, accusing them of dodging taxes or publishing "fake news," among other things.

Persons: Donald Trump, Mark Zuckerberg, Jeff Bezos, Sam Altman, Elon Musk, Trump, " Altman, Altman, Meta, Zuckerberg, Gail Slater, Bezos, Trump's Organizations: National Guard Association of, United States, 146th General Conference & Exhibition, Place, Amazon, America, CNBC, Trump, Wall Street, Tech, Little Tech, Truth, Meta, Washington, U.S . Postal Service, Department of Defense, Musk's SpaceX Locations: United, Detroit , Michigan, Lago, Little

The head of the Federal Aviation Administration, Mike Whitaker, will step down Jan. 20, leaving the key agency that oversees Boeing and the U. S. airline industry again without a leader. Mark House, the assistant administrator for finance and management at the FAA, will becoming acting deputy administrator. Trump's last nominee to lead the FAA, ex-Delta captain Steve Dickson, resigned in 2022, midway through his term. "You have seen leadership come and go – and through every transition you have kept air travel steady and safe. A spokesman for the transition team for President-elect Donald Trump, who is scheduled to take office Jan. 20, didn't immediately comment.

Persons: Mike Whitaker, Whitaker, Mark House, Steve Dickson, Donald Trump, didn't, Trump, Elon Musk's, Jeff Bezos, Musk Organizations: Aviation, Boeing, Federal Aviation Administration Headquarters, Federal Aviation Administration, Max, FAA, U.S, Delta, eventual, Elon, Elon Musk's SpaceX, SpaceX Locations: Washington ,

☆ Here are 7 key moments from Jim Cramer's interview of Donald Trump from the NYSE
▼ + stars: | 2024-12-12 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump told CNBC's Jim Cramer on Thursday the stock market is "going to see a lot of good days ahead." Jim interviewed Trump on the floor of the New York Stock Exchange moments after the president-elect rang the opening bell. In their wide-ranging discussion, Trump said the performance of the stock market is "very important" to him. Here are seven key moments from Jim's Trump interview: Jim : What would you say to the American investor? Trump : "The stock market, all of it together, is very important."

Persons: Donald Trump, CNBC's Jim Cramer, Jim, Trump, Elon Musk, Jim's Trump, we'll, Mark Zuckerberg's, Jeff Bezos, Jim Cramer, he's Organizations: New York Stock, Trump, Dow, Nasdaq, SpaceX, Elon, NYSE, RFK Locations: USA, China, U.S

☆ Trump rings bell at NYSE to cheers of 'USA' as Wall Street CEOs, business leaders look on
▼ + stars: | 2024-12-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Trump was flanked by Vice President-elect JD Vance , incoming first lady Melania Trump , NYSE President Lynn Martin and two of Trump's children, Ivanka and Tiffany, as the bell chimed. "We're going to give tremendous incentive like no other country has," Trump told the moneyed crowd, including by cutting taxes "very substantially." It's hard to bring things down once they're up," Trump told the magazine. Hedge fund magnate Bessent, Trump's pick to replace Janet Yellen as Treasury secretary, told Cramer the next administration will benefit both Wall Street and Main Street. "I think we're going to see under President Trump Wall Street can win and Main Street can win, just like we did in Trump 1.0.

Persons: Robert F, Kennedy Jr, Scott Bessent, Doug Burgum, Howard Lutnick, Trump, JD Vance, Melania Trump, Lynn Martin, Tiffany, Donald Trump, nobody's, CNBC's Jim Cramer, Joe Biden, Mark Zuckerberg's, Jeff Bezos, Cramer, Bessent, Janet Yellen, —, Alex Harring, Yun Li Organizations: Treasury, NYSE, New York Stock Exchange, SpaceX, Elon, CNBC Investing, Trump Locations: Manhattan, —, U.S, USA, Trump

☆ Trump says he isn't worried about potential conflicts of interest at Musk's DOGE: 'Elon puts the country long before his company'
▼ + stars: | 2024-12-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Donald Trump said Elon Musk won't try to use his new power to benefit his companies. Musk's work with DOGE will likely give him some power over agencies that regulate his companies. In a new interview with Time Magazine, President-elect Donald Trump brushed back concerns that Elon Musk's companies could create a conflict of interest for his work on DOGE. Advertisement"I think that Elon puts the country long before his company," Trump said in the interview. Legal experts and those familiar with the law have said Musk's "department" clearly falls under the 1972 law's parameters.

Persons: Donald Trump, Elon Musk, Elon, Trump, Musk, Vivek Ramaswamy, tussled Organizations: Time Magazine, Elon, Department, Government, FAA, SpaceX, Securities Exchange Commission, Tesla Inc, SEC, Twitter, The, of Justice, Federal Advisory Committee, Business

☆ IPO investors are hopeful about 2025 after last major offering of this year prices on a high note
▼ + stars: | 2024-12-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The last major IPO of the year has priced on an up note , and IPO investors are hopeful it will mark the end of three painful years of sub-par IPO raises. IPOs in 2024: A few winners, but mostly forgettable For most investors, 2024 has been a great year. IPO investors, however, have less to cheer about. IPO YTD mountain Renaissance IPO ETF Of those that did go public in 2024, there were a small number of standouts. Winners included social media platform Reddit , AI and cloud infrastructure firm Astera Labs , cloud data management firm Rubrik , financial management software firm OneStream , and healthcare payments software firm Waystar .

Persons: Greg Martin, hasn't, Martin, Matt Kennedy, Del, Kennedy, Rainmaker's Martin Organizations: Nasdaq, Rainmaker Securities, CNBC, IPOs, Renaissance Capital, Tech, Astera Labs, UL, Ingram, SpaceX, Reddit, Epic Locations: landscapers, Del Monte

☆ Elon Musk's record $447 billion fortune means he's nearly $200 billion ahead of Jeff Bezos — and worth more than Costco
▼ + stars: | 2024-12-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk is almost $200 billion richer than Jeff Bezos and worth more than Costco. His net worth hit $447 billion after Tesla stock jumped and SpaceX's valuation rose to $350 billion. Just five years ago, Musk was worth about $25 billion, and Tesla was valued below $100 billion. Elon Musk is nearly $200 billion richer than Jeff Bezos, and personally worth more than Costco, after adding $63 billion to his fortune in a single day. He was worth less than $170 billion as recently as April, and only about $25 billion five years ago — around 1/18 of his net worth now.

Persons: Elon Musk, Jeff Bezos, Musk, Tesla, Mark Zuckerberg, Larry Ellison, Warren Buffett, Changpeng Zhao, Berkshire Hathaway, Donald Trump's, who's Organizations: Costco, Bloomberg, Netflix, SpaceX, The Boring Company, X Corp, Berkshire, Meta, Getty Locations: Wednesday's

☆ SpaceX's tech-billionaire astronaut, Jared Isaacman, says his future missions are a 'question mark' now
▼ + stars: | 2024-12-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

The billionaire Jared Isaacman said his Polaris missions with SpaceX are "a question mark" now. AdvertisementJared Isaacman has flown two SpaceX missions to space and is slated to fly two more. However, Isaacman may no longer fly those missions now that President-elect Donald Trump has tapped him to lead NASA. SpaceXThe program is scheduled to fly two future missions, including the first human flight aboard SpaceX's Starship mega-rocket. "The future of the Polaris program is a little bit of a question mark at the moment.

Persons: Jared Isaacman, Donald Trump, Isaacman, Elon Musk's, John Logsdon, Logsdon, SpaceX's, George Nield Organizations: Polaris, SpaceX, NASA, Polaris Program, SpaceX's, Reuters, Space, George Washington University Locations: Orlando

Elon Musk's estimated net worth has now surpassed $400 billion, according to an estimate from Bloomberg News — the first person ever to reach such a milestone. As Tesla shares hit a new all-time high Wednesday, Musk's wealth leapt to some $440 billion, according to Bloomberg. A separate billionaire index tracked by Forbes pegs Musk's net worth at about $369 billion, with Amazon founder Jeff Bezos at No. Yet Musk's net worth has climbed even without that compensation deal, which is now worth $100 billion. Musk spent much of the year focused on the 2024 election: Federal Election Commission filings show he spent nearly a quarter of $1 billion on helping elect Donald Trump to a second term as president.

Persons: Elon, Tesla, Jeff Bezos, Larry Ellison, Musk, Kathleen McCormick's, Donald Trump Organizations: Bloomberg News, SpaceX, Bloomberg, Forbes, Amazon, Oracle, Tesla Locations: Delaware

☆ Watch CNBC's full interview with Andreessen Horowitz Partner Katherine Boyle
▼ + stars: | 2024-12-11 | 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 EmailWatch CNBC's full interview with Andreessen Horowitz Partner Katherine BoyleCNBC's Morgan Brennan speaks with Andreessen Horowitz's Katherine Boyle in an exclusive interview at the Reagan National Defense Forum. They discuss the rapid evolution of defense startups, the influence of companies like SpaceX and Palantir, and the growing appeal of government service among tech leaders. Boyle also shares insights on emerging investment opportunities in energy and her optimism for a new era of innovation and collaboration between Silicon Valley and Washington.

Persons: Andreessen Horowitz, Katherine Boyle CNBC's Morgan Brennan, Andreessen Horowitz's Katherine Boyle, Boyle Organizations: Reagan National Defense, SpaceX Locations: Silicon Valley, Washington

☆ SpaceX valuation surges to $350 billion as company buys back stock
▼ + stars: | 2024-12-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The valuation of Elon Musk's SpaceX hit $350 billion based on a secondary share sale, CNBC confirmed on Wednesday. SpaceX, as well as investors, agreed to buy stock from insiders in a $1.25 billion purchase offer at $185 a share, according to copies of the offer obtained by CNBC. The company routinely performs these secondary rounds — about twice a year — to give employees and other shareholders a chance to sell stock. The latest valuation represents a 67% surge from SpaceX's previous high of $210 billion, which the company hit through a June secondary share sale. SpaceX's soaring valuation comes as the company furthers its dominant position in the space industry, all while Musk has become an influential figure in the coming presidential administration.

Persons: SpaceX's, Musk Organizations: Boca Chica, Elon, SpaceX, CNBC, U.S ., Falcon Locations: Brownsville , Texas, U.S

☆ Elon Musk becomes the first person on earth to reach a net worth of $400 billion
▼ + stars: | 2024-12-11 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, Bloomberg reported Tuesday. The world’s wealthiest man is now roughly $136 billion richer since November 5, according to the Bloomberg Billionaires Index. As of December 10, before his wealth skyrocketed to $400 billion, he was already $140 billion richer than the second-richest man on Earth, Amazon founder Jeff Bezos. Musk’s record-breaking Tesla-shareholder-approved pay package, which was worth $101 billion, was rejected by a Delaware court last week.

Persons: Musk, Donald Trump, Tesla, Vivek Ramaswamy, Trump, Jeff Bezos Organizations: New, New York CNN, Elon Musk’s, Bloomberg, SpaceX, CNN, Boring Company, “ Department, Government, EV, Wall Street Locations: New York, Delaware

Tesla's market value has swelled by about 66% this year, with almost all of those gains coming since Donald Trump's election victory early last month. The stock's 38% rally in November marked its best monthly performance since January of 2023 and its 10th best on record. Musk said during a Tesla earnings call in October that he intended to use his sway with Trump to establish a "federal approval process for autonomous vehicles." "The stock is responding to the Trump bump," Craig Irwin, an analyst at Roth MKM, told CNBC's "Squawk on the Street" last week. In its third-quarter earnings report in October, Tesla reported a year-over-year revenue increase of 8%, which fell just shy of estimates.

Persons: Donald Trump, Elon Musk, Tesla, Elon, Donald Trump's, who's, Vivek Ramaswamy, Musk, Trump, Craig Irwin, Roth MKM, CNBC's, Irwin, Goldman Sachs, Morgan Organizations: SpaceX, Trump, Republican, Department of Government, Goldman, Morgan Stanley, Bank of America Locations: Brownsville , Texas, China

☆ Rocket Lab's CEO says being paranoid at work is his superpower — but it can come at a huge cost
▼ + stars: | 2024-12-11 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

Rocket Lab CEO Peter Beck views paranoia as a leadership superpower. Experts warn Beck's mindset may lead to burnout and a toxic work environment. AdvertisementThe founder and CEO of the aerospace company Rocket Lab told CNBC in an interview that going home and sleeping soundly every night "just doesn't seem a tangible possibility." "Rocket Lab will never have the capital that Jeff and Elon have," Beck told Bloomberg News in an interview. Lamb told BI that leaders who are always anxious about the next misstep may lose sight of their own well-being.

Persons: Peter Beck, Peter Beck doesn't, Heather Lamb, Beck, Elon Musk, Jeff Bezos, Elon, you've, Edel Holliday, Quinn, Breese Annable, Lamb, Annable, Holliday Organizations: Rocket, Rocket Lab, CNBC, Forbes, Elon, SpaceX, Jeff, Bloomberg News, Citi

☆ Trump promises 'fully expedited' permits for investors of $1 billion-plus in U.S.
▼ + stars: | 2024-12-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump vowed Tuesday that people or companies who invest at least $1 billion in the U.S. will get "fully expedited approvals and permits." Trump said in a post on Truth Social that environmental approvals are included as part of that investment incentive. "Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. Trump's transition team did not immediately respond when CNBC asked for detail and clarity on what sort of rules or regulations would be diminished in order to provide "fully expedited" approvals or permits. By singling out environmental approvals, Trump's post also puts a spotlight on his plans to roll back a slew of Biden-era policies, including electric vehicle tax credits and stricter fuel standards, aimed at addressing climate change.

Persons: Donald Trump, Trump, Biden, Lee Zeldin Organizations: SpaceX, CNBC, U.S, Supreme, Environmental Protection Agency Locations: Brownsville , Texas, U.S, United States of America, Utah

☆ Starlink traffic tripled again in 2024 in another win for Elon Musk
▼ + stars: | 2024-12-09 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Internet traffic from Elon Musk's satellite web service more than tripled in 2024, per Cloudflare data. Global internet traffic from SpaceX's satellite internet service more than tripled in 2024, according to data from IT service provider Cloudflare. Several major cruise companies have begun offering Starlink on their ships, with Carnival Cruises announcing in May that all of its cruise liners are now equipped with Starlink. Traffic in Georgia and Paraguay, where Starlink launched in November and December 2023, has increased by 100 and 900 times this year, respectively. It also almost tripled traffic in 2023.

Persons: Elon, Starlink, Pete Syme, Cloudflare, Elon Musk Organizations: United Airlines, Hawaiian Airlines, Qatar Airways, Carnival Cruises, SpaceX, Elon, NASA Locations: Elon, Chad, Mongolia, Argentina, Georgia, Paraguay

☆ Meet David Sacks, member of the 'PayPal Mafia' and Trump crypto czar
▼ + stars: | 2024-12-09 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +7 min

Sacks will be Trump's crypto and AI czar, boosting Silicon Valley's place in the administration. After graduating from Stanford, Sacks attended law school at the University of Chicago. Now, Sacks is considered a member of the elite "PayPal Mafia," along with Thiel, Elon Musk, and LinkedIn co-founder Reid Hoffman. After leaving PayPal, Sacks pursued a brief stint in Hollywood and produced Thank You for Smoking, a 2005 satirical film that was nominated for a Golden Globe. On December 5, Trump announced that Sacks will serve as his AI and crypto czar, to the delight of some Silicon Valley execs.

Persons: Sacks, he's, Elon Musk, Peter Thiel, David Sacks, Donald Trump's, Thiel, ANDREW CABALLERO, REYNOLDS, I'm, Confinity, Reid Hoffman, Mark Zuckerberg's, Thiel's Palantir, SpaceX, Patrick McMullan, Hillary Clinton, Trump, Sen, Mitt Romney, Robert F, Kennedy Jr, Ron DeSantis, JD Vance, Sack, he'd, Musk, David, White, he'll Organizations: Stanford, PayPal, Venture, Craft Ventures, Stanford University, University of Chicago, PayPal Mafia, McKinsey, Thiel, eBay, LinkedIn, Times, Globe, Microsoft, Mark Zuckerberg's Facebook, Getty, Florida Gov, Trump, San, Republican National Convention, Truth Social, Big Tech, Reuters, White, Bloomberg, Securities and Exchange, Wall Street Locations: South Africa, Cape Town , South Africa, Tennessee, Hollywood, Silicon Valley, America, Valley

☆ Elon Musk just keeps getting richer, with his net worth rising almost $150 billion this year
▼ + stars: | 2024-12-09 | by ( Theron Mohamed | Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Elon Musk's net worth keeps rising on the back of Tesla's stock surge since the election. Tesla stock closed on Friday at just over $389, pushing the EV maker's valuation to a new high. AdvertisementElon Musk just keeps getting richer following the postelection rally for Tesla stock. Musk is now worth $376 billion — $130 billion ahead of Amazon founder Jeff Bezos, who's worth $246 billion. His $376 billion net worth is about $30 billion higher than the market cap of Salesforce, valued at $346 billion — or $27 billion more than the combined wealth of Walmart heirs Jim, Rob and Alice Walton.

Persons: Elon, Jeff Bezos, Donald Trump's, Mark Malek, Trump, Tesla, Austin, BofA, Warren Buffett's, Berkshire Hathaway, Musk, Rob, Alice Walton . Organizations: SpaceX, Bloomberg, Amazon, Dow, Marketwatch, PAC, Bank of America, Optimus, Tesla Locations: Dow Jones, Berkshire, Delaware

☆ Meet the Press – December 8, 2024
▼ + stars: | 2024-12-08 | by ( ) www.nbcnews.com time to read: +64 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is a special edition of Meet the Press with Kristen Welker. KRISTEN WELKER:We’re going to —PRES.-ELECT DONALD TRUMP:For what they did –KRISTEN WELKER:Yeah –PRES.-ELECT DONALD TRUMP:– honestly, they should go to jail. PRES.-ELECT DONALD TRUMP:For what they did –KRISTEN WELKER:Everyone on the committee you think –PRES.-ELECT DONALD TRUMP:I think everybody –KRISTEN WELKER:– should go to jail? KRISTEN WELKER:But you --PRES.-ELECT DONALD TRUMP:I want to stop--KRISTEN WELKER:– have talked about --PRES.-ELECT DONALD TRUMP:Let me tell you what --KRISTEN WELKER:– the other world leaders. PRES.-ELECT DONALD TRUMP:We're talking about --KRISTEN WELKER:You won't touch Medicare --PRES.-ELECT DONALD TRUMP:– theft --KRISTEN WELKER:– Social Security?

Persons: KRISTEN WELKER, Donald Trump, PRES, DONALD TRUMP, Joe Biden, he’s, Carol Lee, “ Playbook ”, Eugene Daniels, Marc Short, Mike Pence, Jen Psaki, Kristen Welker, Grover Cleveland, Decker, AutoZone, it's, Covid, Justin Trudeau, Jerome Powell, Will, –, You've, Biden, who's, We're, they’re, we've, – KRISTEN WELKER, they've, should've, Tom Homan – PRES, Tom Homan, you've, I've, John McCain, Collins, would've, – it's, That's, could've, Obamacare, we're, Roe, Wade, I'm, Trump, Pete Hegseth, Kash Patel, he's, Hillary Clinton, Bill Barr, Christopher Wray, Pam, Pam Bondi, Kash, that's, Trey Gowdy, “, Joe Biden – PRES, We'll, Jack Smith, I’m, ”, Hunter, Everything's, Fani Willis, Fani, Adam Schiff, Anthony Fauci, Liz Cheney, Cheney, Bennie Thompson, We’re, – PRES, Assad, Putin, Israel wouldn't, Ukraine would've, Russia's, Ukraine's, Biden should've, Elon, Trump's, Vivek Ramaswamy, Elon Musk, You’re, couldn't, Joe, MAGA, There's, McLaughlin, Fabrizio, George Washington, Abraham Lincoln, It’s – KRISTEN WELKER, Politico Playbook, Carol, It's, CAROL LEE, Kristen, they'll, Eugene, EUGENE DANIELS, “ Bennie Thompson, Marc, Johnson's, Trump isn't, JEN PSAKI, Kamala would've, He's, she's, Jen, he'd, Vladimir Putin, Tulsi Gabbard Organizations: Capitol, NBC, Staff, White House Press, Press, Trump, Walmart, Black, Biden, Canada, Mar, Federal Reserve, Democrats, Department, FBI, Truth, Mr, NATO, SpaceX, Government, Social Security, Medicaid, Justice Department, White, Service, America, Politico, Republican, MARC, Republicans, QAnon, Dreamers, Democratic, Ukraine Locations: PRES, Washington, New York, United States, China, Canada, Mexico, Canadian, Liberty, Venezuela, Colorado, Colorado . PRES, America, United States of America, Hegseth, Russia, Hague, Florida, Mar, Damascus, Ukraine, NBCNews.com, Syria

☆ How Elon Musk could use his new influence to nail his rivals
▼ + stars: | 2024-12-08 | by ( Hadas Gold | Clare Duffy | ) edition.cnn.com time to read: +12 min

CNN —Elon Musk has long been known for his competitive spirit — and for his list of rivals. That could come in the form of starting or dropping government investigations, creating or weakening regulations, and awarding government contracts to the benefit of Musk’s companies. OpenAI called Musk’s claims “incoherent” and “frivolous.” And Musk dropped the suit after OpenAI published several of Musk’s emails from OpenAI’s early days. Musk and Ramaswamy’s DOGE effort has an expiration date in 2026, but some who know Musk wonder if his relationship with Trump will sour sooner than that. But until then, Musk said the best way for him to be lobbied is on X, his social media platform.

Persons: CNN — Elon Musk, Meta’s Mark Zuckerberg, Jeff Bezos, OpenAI’s Sam Altman, Elon, ”, Hey, Musk, Jeff Bezos Bezos, Donald Trump’s, SpaceX’s Starlink, Jim Cantrell, Cantrell, ” Cantrell, Trump, Origin's, Wally Funk, Oliver Daemen, Mark Bezos, Joe Raedle, Jared Isaacman, Bezos, “, he’s, ” Bezos, ” Sam Altman, Altman’s OpenAI, —, Altman, Greg Brockman, OpenAI, David Sacks, Sacks, Gil Luria, Davidson, Zuckerberg, ” Luria, ” Altman, ” Mark Zuckerberg Mark Zuckerberg, David Zalubowski, AMOS, Nick Clegg, ” Clegg, Brendan Carr, Trump’s, they’ve, ” Carr, that’s, Tesla, Missy Cummings, Vivek Ramaswamy, Musk’s, Ramaswamy, ” Musk Organizations: CNN, Trump, SpaceX, NASA, International Space, Space Corporation, Shepard, New York Times, OpenAI, Microsoft, Trump —, White, PayPal, Internal Revenue Service, Meta, Colorado Convention, Mar, BBC, Republican, Federal Communications Commission, Fox Business, Trump’s, Traffic Safety Administration, Department of, Energy, Energy Department Locations: Van Horn , Texas, Washington, Colorado, Denver, Trump, Georgia

☆ The mind of Sam Altman
▼ + stars: | 2024-12-08 | by ( Adam Rogers | ) www.businessinsider.com time to read: +21 min

And now, after years of stasis in Silicon Valley, we have Sam Altman . To answer that question, I've spent weeks taking a Talmudic dive into the Gospel According to Sam Altman. Unlike Jobs, who bestrode the stage at Apple events dropping one-more-things like a modern-day Prometheus, Altman doesn't spew ego everywhere. AdvertisementAnother contrast with the tech gurus of yore: Altman says he doesn't care much about money. Altman doesn't know what the future will bring, but he's in a hurry to get there.

Persons: It's, Steve Jobs, Elon Musk, Mark Zuckerberg, Sam Altman, Altman, Fortune, —, I've, he's, Jason Kempin, Jobs, Joe Rogan, Rogan, it's, Goldman Sachs, Brian Ach, he'd, Charming, Altman didn't, you've, Paul Graham, aren't, Kara Swisher, doesn't, Ezra, We'll, Isaac Asimov, Iain Banks, Drew Angerer, OpenAI, squished, Justin Sullivan, He's, Jeff Bezos didn't, Adam Rogers Organizations: Harvard, San, bros, Getty Images, Apple, TechCrunch, Stanford, Elon, SpaceX, AIs, OpenAI, Big Tech, Business Locations: Silicon Valley, Uniball, San Francisco, Midwest, Stanford, OpenAI, Mexico, ChatGPT, Silicon, Valley

☆ Inside the Mind of Sam Altman: How the OpenAI CEO Sees the World
▼ + stars: | 2024-12-08 | by ( Adam Rogers | ) www.businessinsider.com time to read: +21 min

To answer that question, I've spent weeks taking a Talmudic dive into the Gospel According to Sam Altman. Unlike Jobs, who bestrode the stage at Apple events dropping one-more-things like a modern-day Prometheus, Altman doesn't spew ego everywhere. AdvertisementAnother contrast with the tech gurus of yore: Altman says he doesn't care much about money. AdvertisementAs the CEO of OpenAI, Altman says that "superintelligence" — the moment machines become smarter than their human masters — is only "thousands of days" away. Altman doesn't know what the future will bring, but he's in a hurry to get there.

☆ Trump is stacking his White House roster with uber-rich backers
▼ + stars: | 2024-12-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

The richest by far is Elon Musk, whom Trump has tapped to co-lead a bespoke advisory group tasked with slashing purported government waste. The nonprofit Americans for Tax Fairness last month estimated that the average net worth among Trump, Vice President-elect JD Vance and his top appointees is $616 million. For comparison, Forbes estimated the total net worth of President Joe Biden's entire Cabinet at $118 million. The same day, he chose billionaire CEO Jared Isaacman to head NASA. Trump also has picked billionaire Massad Boulos, the father-in-law of Trump's daughter Tiffany, as a top Middle East advisor.

Persons: Donald Trump, Elon Musk, Donald Trump's, elect's, Trump, Vivek Ramaswamy, Musk, JD Vance, Joe Biden's, Warren Stephens, Stephen Feinberg, David Sacks, Kelly Loeffler, Jared Isaacman, Charles Kushner, Trump's, Jared Kushner, Howard Lutnick, Linda McMahon, Scott Bessent, Massad Boulos, Tiffany, Mehmet Oz, Oz, Sen, John Fetterman Organizations: SpaceX, Republican, Elon, Government, Forbes, Trump, Capitol, Small Business Administration, NASA, Commerce, WWE, Education, Medicare, Medicaid Services, New York Times, U.S, Senate Locations: Brownsville , Texas, U.S, France, Pennsylvania

CNN —The Notre Dame Cathedral will provide a lofty backdrop for President-elect Donald Trump’s return to the geopolitical stage on Saturday, when French officials put an ornate line under the five-year project to restore the soaring landmark with a reopening ceremony featuring dozens of world leaders. The particulars of Trump’s visit were hashed out over several days, but the president-elect told his team he was keen to attend. “So horrible to watch the massive fire at Notre Dame Cathedral in Paris,” Trump posted on April 15, 2019, during his first term in the Oval Office. Jimmy Fallon quipped that the cathedral is “going to burst right back into flames” when Trump steps inside. The French president has made a fresh push to curry favor with the returning president and his allies.

Persons: Donald Trump’s, –, Emmanuel Macron, Trump, Vladimir Putin, Macron, Volodymyr Zelensky, Zelensky, ” Trump, Jimmy Kimmel, Jimmy Fallon, Pascal Le Segretain, Dame de, “, ” Macron, Elon Musk, Jill Biden, Jared Kushner’s, Charles Kushner, Justin Trudeau, Dominic LeBlanc, ” Organizations: CNN, Notre Dame, White, Ukraine, Russia, Paris –, Trump, Ukrainian, Notre Dame Cathedral, Notre, Dame, Dame de Paris, Macron, House, Tesla, SpaceX, Federal, Canadian, Mar, Public Locations: Paris, Western Europe, France, Ukraine, Trump, Seine, Civile, Notre, Florida, Lago, Ottawa, “

☆ Silicon Valley leaders are bullish on David Sacks becoming Trump's AI and crypto czar
▼ + stars: | 2024-12-06 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump named David Sacks, a former PayPal exec, as his crypto and AI czar. Crypto leaders see Sacks' appointment as a chance to boost US competitiveness. President-elect Donald Trump has appointed David Sacks as his crypto and artificial intelligence czar — and Silicon Valley leaders and venture capitalists at the forefront of those domains appear to be elated. A Silicon Valley veteran, Sacks has backed heavyweight startups such as xAI and SpaceX through his VC firm Craft Ventures. AdvertisementBrad Garlinghouse, CEO of crypto platform Ripple, echoed the sentiment in a post on X on Thursday, writing that Sacks "understands tech inside and out, and importantly, will push forward President Trump's crypto and AI pro-innovation plans."

Persons: Donald Trump, David Sacks, Sacks, Crypto, Elon Musk, David, Trump, Shaun Maguire, Maguire, Palihapitiya, Sam Altman, They've, Paul Atkins, Cyrus Fazel, Tyler Winklevoss, Atkins, Markus Maier, Brad Garlinghouse, Trump's Organizations: PayPal, Tech, Silicon, SpaceX, Craft Ventures, Big Tech, Sequoia, Trump, SEC, Winklevoss Capital Management, Sacks Locations: Silicon, America, OpenAI's, Europe, Switzerland

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