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☆ Greylock partner Reid Hoffman on launch of 'Reid AI', deepfake concerns and state of AI arms race
▼ + stars: | 2024-06-03 | 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 EmailGreylock partner Reid Hoffman on launch of 'Reid AI', deepfake concerns and state of AI arms raceReid Hoffman, Greylock partner, Inflection AI co-founder and LinkedIn co-founder, joins 'Squawk Box' to discuss the launch of 'Reid AI', his own 'digital twin', the future of AI, concerns with deepfakes, state of the AI arms race, and more.

Persons: Reid Hoffman, Reid Organizations: LinkedIn

The Haley rationale for backing TrumpAfter months of speculation, Nikki Haley said — in her first appearance since dropping out of the Republican presidential primary — that she would vote for Donald Trump, the man against whom she waged a sometimes scathing campaign. But it may provide cover to prominent donors like Ken Griffin who in recent weeks has suggested that he might come in from the cold and donate to Trump. Deep-pocketed Republicans flocked to Haley during the primary. “I think she is just what we need right now,” Langone said on Fox News. “What Trump put this country through the last three months of his presidency was disgraceful.”But donors are rethinking their aversion to Trump, who handily beat Haley and other rivals and is now leading President Biden in some polls.

Persons: Haley, Nikki Haley, —, Donald Trump, Ken Griffin, Griffin, Paul Singer, Henry Kravis, Barry Sternlicht, Cliff Asness, Stanley Druckenmiller, Ken Langone, Reid Hoffman, wasn’t Trump, Nikki, ” Sternlicht, ” Langone, Trump, Biden, White, Israel Organizations: Trump, Republican, PAC, Elliott Management, KKR, Starwood Capital, AQR Capital Management, Democratic, LinkedIn, Times, Fox News Locations: Gaza

☆ Microsoft's partnership with OpenAI was 'basically a bet,' says CTO Kevin Scott
▼ + stars: | 2024-05-07 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewMicrosoft's chief technology officer said partnering with OpenAI was "basically a bet" on Sam Altman's company. Kevin Scott gave insight into his decision-making that led to Microsoft's alliance with OpenAI in 2019 on an episode of Reid Hoffman's podcast "Possible" last week. This story is available exclusively to Business Insider subscribers. It was sent just weeks before Microsoft announced its $1 billion investment in OpenAI and subsequent partnership. Microsoft didn't immediately respond to a request for comment from Business Insider, sent outside normal working hours.

Persons: —, OpenAI, Sam Altman's, Kevin Scott, Reid, Scott, who's, Bill Gates, Satya Nadella, OpenAI's, Turing, Phi Organizations: Service, OpenAI, Business, Microsoft, Department, Google, MAI Locations: OpenAI

☆ Anne Dwane has been a jack-of-all-trades in the startup world. Here's how that's helped her build a successful investing career.
▼ + stars: | 2024-05-06 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +5 min

Over the course of 20 years, Anne Dwane has made a name for herself as a successful entrepreneur and executive. For Dwane, her career as a startup founder and operator helped her find success as an early-stage investor. Dwane left Monster in 2008 to become the CEO of Zinch, an edtech startup that helped colleges recruit and students find programs and scholarships. With the guidance of a mentor, Chegg's CEO Dan Rosensweig, the experience also helped her understand that her superpower lay in helping early-stage companies grow. Village Global is an early-stage fund that leads seed and pre-seed funding rounds.

Persons: Anne Dwane, she's, Reid Hoffman, Jeff Bezos, Bill Gates, Mark Zuckerberg, Dwane, I've, Chegg, Dan Rosensweig Organizations: Monster Worldwide, Business, Village, Georgetown University, Harvard Business School, Research, Monster, Accelerator Fund, Brightside, Airbase Locations: Palo Alto , California, Chegg

☆ The new power figures in hedge funds do not manage money
▼ + stars: | 2024-05-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

NEW LOOK 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 . On the agenda:But first: Why Wall Street is so happy to see the job market slowing down. New data from Vanguard shows a two-tier job market: one divided between a blue-collar boom and a white-collar recession. Also read:AdvertisementiStock; Rebecca Zisser/BIThe portfolio-manager whisperersThe new power figures in hedge funds do not manage money.

Persons: —, it's, Brian Rose, It's, Christie Hemm, Jan Sramek, Goldman Sachs, Reid Hoffman, Marc Andreessen, Alyssa Powell, Stefano Spicca, Jenny Chang, Rodriguez, Rebecca Zisser, whisperers, Gates Organizations: Business, Service, Federal Reserve, Fed, UBS Global Wealth Management, Big, Silicon, California, Vanguard, Microsoft, Big Tech Locations: Austrian, Solano County, Napa, Sacramento, California, Silicon Valley, New York City

☆ Man Behind California Forever, Silicon Valley's City of the Future
▼ + stars: | 2024-05-05 | by ( Hugh Langley | Adam Rogers | ) www.businessinsider.com time to read: +29 min

He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.

Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, —, Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe

☆ Reid Hoffman interviewed his AI deepfake and it was pretty convincing
▼ + stars: | 2024-04-26 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Reid Hoffman sat down for an interview with a deepfake of himself. The bot discussed AI regulation and spoke in Klingon during the conversation. Reid AI and Hoffman asked each other questions throughout the interview posted Wednesday. AdvertisementIn their conversation, the two Reids discussed AI regulation, its capabilities, and ways Hoffman can improve his LinkedIn profile. Advertisement"There's a need for a framework that not only fuels innovation but also ensures AI benefits are fairly distributed, all while focusing on enhancing public good," Reid AI said.

Persons: Reid Hoffman, —, Reid Hoffman's, Jerry Seinfeld, Reid, Hoffman, I've, deepfakes Organizations: Service

☆ Eric Newcomer is bringing his Cerebral Valley AI Summit to New York
▼ + stars: | 2024-04-15 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

Cerebral Valley New York will be Newcomer's first east coast event. AdvertisementThe Cerebral Valley AI Summit, the generative AI conference created by tech journalist Eric Newcomer and AI startup Volley, will be hosting its first New York event on June 27th. The original Cerebral Valley Summit, held in the Hayes Valley neighborhood of San Francisco in 2023, made headlines for producing one of the largest generative AI acquisitions ever and effectively firing the starting gun on the AI arms race. At the last Cerebral Valley Summit in November, 2023, it was a given that OpenAI had already won the AI battle. At the very first Cerebral Valley AI Summit, Newcomer half-jokingly challenged someone to raise $100 million at the conference.

Persons: —, Eric Newcomer, Mistral, OpenAI, Sam Altman, Altman, Ali Ghodsi, Reid Hoffman, Vinod Khosla, Anthropic, Daniela Amodei Organizations: Service, New, Google Locations: San Francisco, York, New York, Hayes, Francisco, Europe, MosaicML

☆ An internal email hints at the messy aftermath of Microsoft's hires from AI startup Inflection
▼ + stars: | 2024-04-03 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +1 min

The AI startup Inflection raised over $1.5 billion from investors including Bill Gates and Nvidia. Last month, Microsoft hired its cofounders and most of its staff, leaving it a shell of its former self. One exec who was preparing to start in a new role at Inflection had misgivings following the news. Microsoft's unusual Inflection deal may have dented the startup's ability to recruit technical talent, according to an internal email obtained by Business Insider. Calvin Lee, a former director of product management at Uber, was hired as a product lead at Inflection.

Persons: Bill Gates, Reid Hoffman, Calvin Lee, Mustafa Suleyman, Lee Organizations: Nvidia, Microsoft, Business Locations: Greylock

☆ A recent Inflection hire was 'spooked' by Microsoft poaching and has 'a lot to reconsider,' according to internal VC email
▼ + stars: | 2024-04-03 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +1 min

AI startup Inflection raised over $1.5 billion from investors including Bill Gates, Eric Schmidt, and Nvidia. Last month, Microsoft hired Inflection cofounders and most of its staff, leaving the startup a shell of its former self. One exec who was preparing to start in a new role at Inflection had misgivings following the news. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMicrosoft's unusual Inflection deal may have dented the startup's ability to recruit technical talent, according to an internal email obtained by Business Insider.

Persons: Bill Gates, Eric Schmidt, —, Greylock, Reid Hoffman, Calvin Lee, Mustafa Suleyman, Lee Organizations: Nvidia, Microsoft, Service, Business, Management, Uber

☆ The next phase of AI is here — and it's not looking pretty
▼ + stars: | 2024-03-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AI companies run into hurdlesOne of the more eye-opening developments of this new phase came last week from a barely two-year-old OpenAI rival named Inflection AI. Related storiesIt has quickly become apparent that Inflection AI wasn't the only one struggling, however. Stability's Mostaque, meanwhile, seems to have conceded that Big Tech companies wield unassailable power in AI. In a post on X, he said that centralized AI was not going to be beaten with "more centralized AI". Not going to beat centralized AI with more centralized AI.

Persons: —, Bill Gates, Mustafa Suleyman, DeepMind, Suleyman, Reid Hoffman, Gates, Eric Schmidt, Emad Mostaque, Googlers —, Ali Barr, Pi, Cohere, Stability's Mostaque, ike C oatue Organizations: Service, Nasdaq, Business, Big Tech, Microsoft, Nvidia

☆ LinkedIn cofounder Reid Hoffman and Microsoft's AI chief are backing Abigail Spanberger's 2025 Virginia governor run
▼ + stars: | 2024-03-14 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

Two of the tech industry's biggest AI champions are backing Rep. Abigail Spanberger's run for governor of Virginia in 2025, campaign finance records show. Hoffman donated $250,000 on November 30, and Scott donated $125,000 on December 22. The donations, representing a total of $500,000 are the three largest individual contributions on record for Spanberger's campaign, which ended 2023 with over $3.6 million in funds received. Aside from their personal connections to the state, Virginia is home to the largest concentration of data centers in the world. Hoffman has previously donated over $300,000 to WinVirginia, a PAC that supports Democratic candidates in the state.

Persons: Abigail Spanberger's, Reid Hoffman, Kevin Scott, Hoffman, Scott, Shannon Hunt, Hunt, Prince William County, they're, Spanberger, Glenn Youngkin, Ohio US Sen, JD Vance, Joe Biden's, Nikki Haley, Ellen Thomas Organizations: Microsoft, Business, Democratic, Spanberger, University of Virginia, Culpeper ., CIA, Virginia Gov, Republican, LinkedIn, Ohio US, Trump Republicans, South Carolina Gov, PAC Locations: Virginia, Greylock, Prince William, Spotsylvania, Culpeper, Richmond, San Francisco Bay, Rural America, Silicon, Hampshire

☆ In Silicon Valley, Venture Capital Meets a Generational Shift
▼ + stars: | 2024-03-13 | by ( Erin Griffith | ) www.nytimes.com time to read: +1 min

Reid Hoffman, a founder of LinkedIn and a longtime venture capitalist, is no longer the public face of the venture firm Greylock. Michael Moritz, a force at Sequoia Capital for 38 years, officially separated from the investment firm last summer. They are among the most recognizable of a generation of Silicon Valley investors who are getting out of venture capital at the end of a lucrative 15-year upswing for the industry. Investors at Tiger Global, Paradigm, Lightspeed Venture Partners, Emergence Capital and Spark Capital have all announced plans to step back. Foundry Group, a venture firm in Boulder, Colo., that has backed 200 companies since 2006, said in January that it would not raise another fund.

Persons: Reid Hoffman, Michael Moritz, Jeff Jordan, Andreessen Horowitz Organizations: LinkedIn, Sequoia Capital, Tiger Global, Lightspeed Venture Partners, Spark, Foundry Group, Apple, Google Locations: Silicon, Boulder, Colo, —

☆ The OpenAI Files: Sam and co bring the receipts on Elon's involvement
▼ + stars: | 2024-03-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewOpenAI publicly fired back at Elon Musk's lawsuit on Tuesday in a blog post that revealed new details about Musk's relationship with the company. Lawyers for Musk and representatives for OpenAI did not immediately respond to requests for comment from Business Insider. In his lawsuit filed Friday, Musk accused OpenAI and its leaders of abandoning their open-source principles by partnering with Microsoft. "Elon soon chose to leave OpenAI, saying that our probability of success was 0, and that he planned to build an AGI competitor within Tesla," the blog post reads. The Tuesday blog post, which says OpenAI intends to move to dismiss all of Musk's claims, ends with assurances that, despite Musk's accusations, OpenAI is "focused on advancing our mission" and has "a long way to go."

Persons: —, we've, Musk, OpenAI, Sam Altman, Greg Brockman, Altman, Brockman, Elon, Reid Hoffman, Ilya Sutskever, Tesla, et Organizations: Service, Elon, Business, Musk, OpenAI, Microsoft, Google

☆ Billionaire-backed Koch network halts Nikki Haley campaign funding after South Carolina loss
▼ + stars: | 2024-02-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Republican presidential candidate and former U.S. Americans for Prosperity Action, the network backed by billionaire Charles Koch, is pausing its financial support of GOP presidential candidate Nikki Haley's campaign a day after she lost to former President Donald Trump in her home-state primary in South Carolina. Along with AFP Action, billionaire Reid Hoffman has also stopped funding Haley's presidential bid. We thank them for their tremendous help in this race," Haley's campaign said in a statement on Sunday. "With the South Carolina presidential primary this weekend and the Senate engagement really heating up," Seidel wrote in the email.

Persons: Nikki Haley, Michael Haley, Charles Koch, Nikki Haley's, Donald Trump, Haley, Emily Seidel, Reid Hoffman, Seidel Organizations: U.S, United, South Carolina National Guard, Clemson University, Greenville ONE, Republican, Prosperity, AFP, Politico, South, South Carolina, Senate Locations: Greenville , South Carolina, U.S, South Carolina, AFP

☆ Nikki Haley vows to stay in 2024 race, after raising $16.5 million in January
▼ + stars: | 2024-02-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Nikki Haley hosts a rally in Conway as part of her swing in the Palmetto State leading up to the State's primary, in Conway SC, United States on January 28, 2024. During a speech billed as a "state of the race" update, Haley said she intends to stay in the 2024 election, regardless of her performance in the upcoming South Carolina Republican primary. The spokesperson also pointed to several instances where Trump's attacks on Haley led to millions of fundraising dollars. For example, Haley raised $1 million in 48 hours after Trump attacked Haley's husband's military service. That threat drove $2 million in contributions over 48 hours to the Haley campaign, according to a Haley spokesperson.

Persons: Nikki Haley, Haley, I'm, Trump, Haley's bullishness, Haley's, Charles Koch's, Billionaire Reid Hoffman, MAGA Organizations: Palmetto State, Conway SC, Former South Carolina, GOP, Republican, South Carolina Republican, USA, Suffolk University, Super, CNBC, Prosperity, Trump Locations: Conway, Palmetto, United States, Carolina, Greenville , South Carolina, Haley's, New Hampshire

☆ Elon Musk says the US should stop sending aid to Ukraine as there's 'no way in hell' Putin will lose
▼ + stars: | 2024-02-14 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Musk said Putin risked being "assassinated" if he were to back off the fight in Ukraine. The world's richest person told US Republican senators during an X Spaces "there is no way in hell" Vladimir Putin was going to lose the war with Ukraine. Musk said Putin risked being "assassinated" if he were to back off the fight in Ukraine. Musk provided access to the SpaceX satellites to allow civilians retain internet access amid Russia's attacks on Ukrainian infrastructure. In October, Musk tweeted his idea for restoring peace in Ukraine , which parroted Kremlin talking points and suggested Ukraine cede territory to Russia.

Persons: Elon Musk, Musk, Putin, —, Vladimir Putin, Sen, Ron Johnson, JD Vance, Mike Lee, Vivek Ramaswamy, wasn't, Reid Hoffman Organizations: Republican, Service, Bloomberg, SpaceX, Kremlin, RIA, Paypal, Representatives, Business Locations: Russia, Ukraine, Elon

☆ Haley hits Trump on tariffs ahead of her Wall Street fundraisers
▼ + stars: | 2024-01-29 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +3 min

Nikki Haley drew a sharp line Monday between her views on trade and the tariffs proposed by her rival, Republican front-runner Donald Trump. Think about that for a second," Haley said on CNBC's Squawk Box. "It's going to raise the cost of anything from baby strollers to appliances, under Donald Trump," she added. Over the weekend, Trump suggested tariffs were the way to force automobile manufacturers to build cars in the United States. This, and Trump's proposed tariffs if he were elected to a second term have left many Wall Street investors deeply concerned about what the global economy would look like in a second Trump administration.

Persons: Nikki Haley, Donald Trump, Haley, Trump, Donald Trump's, Michael Every, Reid Hoffman, Ken Langone, Stanley Druckenmiller Organizations: South Carolina Gov, Republican, National Taxpayers Union, The Washington Post, Rabobank, CNBC, Trump, U.S ., China Business Council, Wall, LinkedIn, South Carolina Locations: China, The, United States, America, U.S, New Hampshire, Iowa, New York City

Haley’s campaign leaned into those attacks Thursday, releasing T-shirts emblazoned with the words“Barred. “We need to unite around our eventual nominee, which is Donald Trump,” Republican National Committee Chairwoman Ronna McDaniel said Tuesday on Fox News. In the final days before the GOP primary there, Trump paraded a series of South Carolina Republican officials onstage at his rallies, including Gov. Worst of all, no one returned my calls.”Fundraising dried up, and Haley’s campaign directed most of its funds to TV. “Any other person probably would have just quit and caved in there, but she knew that South Carolina needed her,” Ballentine said.

Persons: Nikki Haley, Donald Trump’s, Haley, Trump’s, Trump, ”, Joe Biden —, Donald, ” Haley’s, —, he’s, “, “ Nikki ‘ Birdbrain ’ Haley, ” Trump, MAGA, ” Haley, Nimarata Nikki Randhawa, “ Nikki ”, Michael Haley’s, Barack Obama, Hussein, Donald Donald Trump, Jabin, Biden, — Trump, Donald Trump, Ronna McDaniel, Dave Bossie, I’m, ” Trump’s, Henry McMaster, Gov, Pamela Evette, South Carolina Sen, Tim Scott —, ” Scott, Pope, ” Pope, Reid Hoffman, Dmitri Mehlhorn, ” Mehlhorn, Biden’s, ’ Haley, Nathan Ballentine, “ She’s, David Goldman, –, Mark Sanford –, he’d, ” Ballentine, Sarah Palin, McMaster, she’d, hasn’t, Chip Felkel, it’s, Felkel, you’ve, ” Felkel, Schouten, Jeff Zeleny, Ebony Davis, Daniel Strauss, Kristen Holmes Organizations: CNN, Former South Carolina Gov, Republican, Republicans, Trump, New Hampshire —, Palmetto State, New Hampshire, Republican Party, True American Patriots, United Nations, Fox News, Washington Post, GOP, ” Republican, RNC, South Carolina Republican, Gov, Senate, North Carolina Republican, “, LinkedIn, Haley, PAC, SFA, Inc, New, SC, Super, Biden, – South Carolina Gov, South, South Carolina GOP Locations: New Hampshire, North Charleston, South Carolina, New, Nashua , New Hampshire, Maryland, North Carolina, Columbia , South Carolina, Argentina, Carolina

☆ Reid Hoffman pauses Nikki Haley funding after New Hampshire loss, source says
▼ + stars: | 2024-01-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Ambassador Nikki Haley, speaks during a campaign event held at the Alpine Grove Event Center on January 18, 2024, in Hollis, New Hampshire. Billionaire Reid Hoffman is not planning to give any more money to Nikki Haley's candidacy for president, according to a person familiar with the matter. The person who told CNBC that Hoffman didn't have immediate plans to help Haley again declined to be named in order to speak freely about the matter. "If America is to avoid another Trump presidency, it will be because Trump loses an election next year. If he is to lose, it will either be to Nikki Haley in the primary, or Joe Biden in the general," Hoffman wrote.

Persons: Nikki Haley, Billionaire Reid Hoffman, Nikki Haley's, Hoffman, Haley, Joe Biden, Donald Trump, Trump, Jamie Dimon Organizations: Democratic Party, Haley, The New York Times, CNBC, LinkedIn, Republican Locations: Hollis , New Hampshire

☆ The Farmers Had What the Billionaires Wanted
▼ + stars: | 2024-01-19 | by ( Conor Dougherty | ) www.nytimes.com time to read: +1 min

For six years a mysterious company called Flannery Associates, which Mr. Sramek controlled, had upended the town of 10,000 by spending hundreds of millions of dollars trying to buy every farm in the area. It sued a group of holdouts who had refused its above-market offers, on the grounds that they were colluding for more. Residents worried it could be a front for foreign spies looking to surveil a nearby Air Force base. The truth was that Mr. Sramek wanted to build a city from the ground up, in an agricultural region whose defining feature was how little it had changed. They and others from the technology world had spent some $900 million on farmland in a demonstration of their dead seriousness about Mr. Sramek’s vision.

Persons: Jan Sramek, Flannery, Sramek, Michael Moritz, Reid Hoffman, Laurene Powell Jobs, Steve Jobs Organizations: American Legion, Flannery Associates, Air Force, Silicon, LinkedIn, Emerson, Apple Locations: Rio Vista, Calif, Rio

☆ New California city backed by Silicon Valley billionaires will be about 18,600 acres — less than half the size of the purchased land
▼ + stars: | 2024-01-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Notably, the acreage is less than half of the nearly 55,000 acres Flannery Associates purchased presumably for the project since at least 2018. Flannery Associates has spent about $800 million grabbing up land throughout the county that sits about 60 miles above San Francisco. But the group also has been in a contentious legal battle with a handful of Solano County landowners since May. In a lawsuit, Flannery Associates accused landowners of conspiring to inflate the land prices. In response, attorneys for the landowners accused Flannery Associates of using "strong-arm tactics" to pressure landowners into selling their land.

Persons: —, Flannery, Solano County —, Flannery Associates, Marc Andreessen, Laurene Powell Jobs, Reid Hoffman, Flannery overpaid, Jan Sramek, Flannery Will Ruin, Mitch Mashburn, Mashburn Organizations: Silicon, Service, Flannery Associates, Solano Homes, Jobs, Clean Energy Initiative, New York Times, LinkedIn, Local, NBC Locations: California, Solano County, Vallejo , Fairfield, Solano, San Francisco, Silicon

SAN FRANCISCO (AP) — Promoters of a secretive Silicon Valley-backed ballot initiative to build a new city on farmland between Sacramento and San Francisco are releasing more details of their plan as they submit paperwork Wednesday to qualify for the November election. That's why Jan Sramek, CEO and founder of California Forever, and the project's backers are turning to the ballot. California and the San Francisco Bay Area are desperate for more housing, especially affordable homes for teachers, firefighters, police and other municipal workers who make a city run. Political Cartoons View All 253 ImagesSituated between the Bay Area and the state's capital, Solano County is an attractive location for military contractors, agriculture technology and construction tech companies seeking to innovate, said Gabriel Metcalf, head of planning for California Forever. The plan calls for $400 million to help Solano County residents buy homes in the proposed community.

Persons: stealthily, Jan Sramek, Gabriel Metcalf, Metcalf, Sramek, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, ”, John Garamendi Organizations: FRANCISCO, —, California, Travis Air Force Base, Solano County —, San, California Forever, LinkedIn, Democratic U.S . Rep, U.S . Air Force Locations: Sacramento, San Francisco, Solano County, Rio Vista, California, San Francisco Bay, Texas, Vallejo, Fairfield, Silicon Valley

☆ Wall Street opens wallets wide for 'Trump alternative' Nikki Haley at $500K fundraiser
▼ + stars: | 2023-12-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Attendees were asked to give between $3,300 and $16,600 per person to Team Stand for America, a joint fundraising committee benefiting her campaign, according to the invitation. A spokesman for Elliot did not return requests for comment. Chambers, Rosenkranz, a representative for for JPMorgan and a spokeswoman for AQR did not return requests for comment. A spokeswoman for the Haley campaign did not return requests for comment. Haley is trailing Trump nationally by around 50 percentage points, according to a Real Clear Politics polling average.

Persons: Nikki Haley, Haley, Donald Trump, Campbell Brown, Dan Senor, Paul Singer, Annie Dickerson, Singer's, Steve Cohen, Singer, Cliff Asness, Kristin Lemkau, Robert Rosenkranz, Ray Chambers, Lemkau, Jamie Dimon, Asness, Brown, Eric Levine, they're, Levine, Elliot, Chambers, AQR, Ken Langone, Democratic megadonor Reid Hoffman Organizations: Republican Party, Bluffton SC, Former U.S, United, New York, Wall Street, Facebook, Elliot Investment Management, Elliot Management, Politico, AQR Capital Management, JPMorgan, Delphi Capital Management, NHL's New Jersey Devils, New York Times, CNBC, Hamas, America, Trump, Home Depot, Democratic, Haley Locations: Bluffton, United States, New, Iowa, New Hampshire, South Carolina, NHL's, New York

☆ Ex-OpenAI director Reid Hoffman says we still don't 'fully know' why board forced out Altman
▼ + stars: | 2023-12-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Three weeks after OpenAI's board briefly pushed out CEO Sam Altman without providing a specific reason for its decision, former director Reid Hoffman says he's still puzzled by what took place and why. He stepped down from OpenAI's board in March and said he hasn't spoken with any of the board members, though he said he did communicate with Altman. Microsoft CEO Satya Nadella offered to hire Altman, OpenAI president Greg Brockman and their colleagues in a new advanced AI research group. "I do think that we're in a much better place in the world" to have Altman in the CEO seat again, Hoffman said. WATCH: Sam Altman returns as OpenAI CEO and Microsoft secures nonvoting board seat

Persons: Sam Altman, Reid Hoffman, he's, Hoffman, Altman, OpenAI, Ilya Sutskever, Altman wasn't, Helen Toner, Adam Selipsky, Microsoft's, Satya Nadella, Greg Brockman, quickliy, isn't Organizations: LinkedIn, Bloomberg, New York Times, Reuters, Yorker, Microsoft, Benz Locations: San Francisco, Las Vegas

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