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Point Buckler Island in Solano County, California, last sold for $150,000 in 2011. The 50-acre private island was a kiteboarding hotspot frequented by tech giants. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisement"I've run out of money to fight and the island is worth a lot of money," he said. The shipping container clubhouse on Point Buckler Island Courtesy of John SweeneyThe island's ritzy history is part of the reason for its $75 million price tag, Sweeney explained.
Persons: It's, Larry Page, Sergey Brin, John Sweeney, Sweeney, Flannery, Marc Andreessen, Laurene Powell, John Sweeney Flannery, Solano Organizations: Service, SF, Flannery Associates, Laurene Powell Jobs, New York Times Locations: Buckler, Solano County , California, Wall, Silicon, San Francisco Bay, Point Buckler, San Francisco, Bay, Solano County, Suisun
Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of billionaires who saw the biggest wealth increases in 2023. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Musk saw the steepest jump in net worth with a $99 billion increase to $236 billion, cementing his position as the world's richest person. 2 on the list of wealth gainers, with a $61.9 billion increase in his riches to $108 billion. Nvidia CEO Huang's wealth surged by $22.2 billion in 2023 as the chipmaker's stock rocketed 187%, outperforming every other stock in the S&P 500 index.
Persons: Elon Musk, Mark Zuckerberg, Jeff Bezos, Nvidia's Jensen Huang, Larry Page, Sergey Brin, Musk, Zuckerberg, Larry Ellison, Steve Ballmer, Michael Dell, Amancio Ortega, Ortega Organizations: Bloomberg, Google, Service, Meta, Nvidia Locations: Wall, Silicon
Berkshire Hathaway CEO and chairman Warren Buffett's net worth is now an estimated $124 billion. Buffett is the sixth-wealthiest person in the world, worth more than Larry Page and Mark Zuckerberg. With an estimated net worth of $124 billion, according to the Bloomberg Billionaires Index, the 93-year-old Berkshire Hathaway chairman and CEO is now the sixth-wealthiest person in the world. He's richer than Mark Zuckerberg, whose net worth is an estimated $111 billion, Google cofounder Sergey Brin, worth $116 billion, and former Microsoft CEO Steve Ballmer, worth $118 billion. He eats McDonald's for breakfast in the mornings and borrowed furniture when his children were born.
Persons: Warren Buffett's, Buffett, Larry Page, Mark Zuckerberg, Sergey Brin, Steve Ballmer Organizations: Berkshire Hathaway, Service, Bloomberg, Oracle Locations: Wall, Silicon, Omaha
Sergey Brin filed for a divorce from his second wife, Nicole Shanahan, in January 2022. Affair allegations about Shanahan and Elon Musk sparked the split, The Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The two met at a yoga retreat in 2015, The Wall Street Journal reported last year. AdvertisementAdvertisementUnder the terms of their divorce, Shanahan and Brin are set to split legal and physical custody of their daughter, now 4.
Persons: Sergey Brin, Nicole Shanahan, Shanahan, Elon Musk, Brin's, Brin, Musk, Tesla, Larry Page, Sergey, Nicole, she'd, Anne Wojcicki Organizations: Street Journal, Service, Street, Echo Foundation, Twitter Locations: Wall, Silicon
WSJ published a story last year that cited sources alleging Elon Musk slept with Sergey Brin's wife. Musk denied the affair, saying the two remained friends and shared a selfie of the two at a party. The new Elon Musk biography reveals that Musk forced the selfie, which Brin tried to dodge. Both Musk and Shanahan denied any affair took place. AdvertisementAdvertisement"Right after the story broke, they were at a party together, and Musk maneuvered himself into a position where he could take a selfie with Brin, which Brin tried to avoid," Isaacson states.
Persons: Elon Musk, Sergey Brin's, Musk, Elon, Brin, Sergey Brin, Brin's, Walter Isaacson, Nicole Shanahan, Shanahan, — Brin, , Musk's, Isaacson Organizations: Service, Elon, New York, York Locations: Wall, Silicon
WASHINGTON (AP) — Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest U.S. antitrust trial in a quarter century. If he decides Google broke the law, another trial will decide what steps should be taken to rein in the Mountain View, California-based company. Political Cartoons View All 1152 ImagesGoogle counters that it faces a wide range of competition despite commanding about 90% of the internet search market. One possibility is that the company could be forced to stop paying Apple and other companies to make Google the default search engine on smartphones and computers. Distracted, the software giant struggled to adapt to the impact of internet search and smartphones.
Persons: Judge Amit Mehta, Sundar Pichai, Larry Page, Eddy, Trump, Microsoft's Bing, Andy Bechtolsheim, Page, Sergey Brin, Justice Department's, litigator Kenneth Dintzer — Organizations: WASHINGTON, Google, Inc, Apple, Justice Department, Firefox, Regulators, Sun Microsystems, Microsoft, Netscape, Justice Locations: , California, Silicon
The U.S. government is taking aim at what has been an indomitable empire: Google’s ubiquitous search engine that has become the internet’s main gateway. That's what happened to Microsoft after its antitrust showdown with the Justice Department: Distracted, the software giant struggled to adapt to the impact of internet search and smartphones. From Google's perspective, the perpetual improvements explain why most people almost reflexively gravitate to its search engine, a habit that long ago made “Googling” synonymous with looking things up. The Justice Department contends Google's claim that it dominates the market by supplying the best search engine is a canard. Google insists that consumers could easily switch their default settings to another search engine.
Persons: Judge Amit Mehta, Sundar Pichai, Larry Page, Eddy, Mehta isn’t, Sergey Brin, Andy Bechtolsheim, Page, Brin, Trump, Microsoft's Bing, Bing Organizations: Washington D.C, Microsoft, U.S, Google, Stanford University, Sun Microsystems, Inc, Apple, Justice Department, U.S . Justice Department, Yelp, Department, Firefox, Regulators Locations: Washington, , California, Silicon, Colorado
A trial to determine if Google abused its monopoly in online search, which begins on Tuesday, is set to lay bare how the internet search giant cemented its power, featuring testimony from top tech executives, engineers, economists and academics. The trial will unfold in U.S. District Court for the District of Columbia, where a core group of individuals will command the courtroom and direct the day-to-day legal strategies. v. Google:From federal courtJudge Amit P. MehtaJudge Mehta, who was appointed to the bench in 2014 by President Barack Obama, will referee and decide the case in the nonjury trial. In a proceeding last month, he narrowed the lawsuit by the Justice Department and states while preserving the core argument that Google maintained its monopoly in search through deals with smartphone makers that cut out competitors. He received his law degree from the University of Virginia in 1997, a year before Larry Page and Sergey Brin founded Google.
Persons: Amit P, Mehta Judge Mehta, Barack Obama, Judge Mehta hasn’t, Judge Mehta, Larry Page, Sergey Brin Organizations: Google, District of Columbia, Justice Department, The Ohio State Law, University of Virginia Locations: U.S
Google is about to celebrate its 25th birthday but all its CEO can think about is AI. CEO Sundar Pichai said in a blogpost that AI "may be bigger than the internet itself." Google has focused more on AI after ChatGPT threatened to rock its core business earlier this year. But its CEO can't help but think about how AI is about to be a much bigger deal. In the Tuesday blogpost, Pichai said AI represented a "fundamental rewiring of technology and an incredible accelerant of human ingenuity."
Persons: Sundar Pichai, Larry Page, Sergey Brin, OpenAI's ChatGPT, Pichai, Brin, Bard Organizations: Google, Service, London Locations: Wall, Silicon
The driver of a Ram 1500 TRX defied the odds in a video of the vehicle driving over mud. Amid rainstorms and flooding at Burning Man, the pickup truck managed to escape the muddy playa. While others trudged through ankle-deep mud at Burning Man, the driver of a truck made by Stellantis's Ram brand appeared to power through the wet grounds of Black Rock City, Nevada. The Burning Man festival was hit with rainstorm over the weekend that left more than 73,000 stranded. AdvertisementAdvertisementEach year, Burning Man attracts over 70,000 attendees that include the average Silicon Valley tech bro, models, and billionaires.
Persons: TRX, Stellantis's Ram, Brendan Cogbill, hine, ake Organizations: Service, ust Locations: Wall, Silicon, Black Rock City , Nevada
Esther Crawford said she had a "totally bonkers exit" from mud that stranded many at Burning Man. The ex-Twitter director said despite the rain the event was "exactly what I needed." Crawford went viral last year for sleeping at Twitter's headquarters amid Elon Musk's takeover. Organizers at Burning Man began letting attendees leave the site on Monday afternoon after it told festivalgoers to shelter in place and conserve resources following flooding in the desert. Crawford said on Instagram that she attends the event every year because its "full of extremes" that forge deep relationships.
Persons: Esther Crawford, Crawford, Elon Musk's, Mark Zuckerberg, Sergey Brin, Kimbal Organizations: Elon, Service, Twitter, Man, Black Rock City Locations: Wall, Silicon, Black Rock
Elon Musk called Burning Man the "best art on Earth" despite chaotic weather conditions. Elon Musk, who has been known to attend the arts festival in the past, praised the event as the "best art on Earth." In a Sunday post on X, formerly Twitter, Musk said: "Burning Man is unique in the world. The billionaire made the remarks in response to a joke video of a Balenciaga fashion show in Paris that was falsely labeled as Burning Man. Burning Man has long been a favorite among billionaires and tech elites.
Persons: Elon, hasn't, Elon Musk, Musk, Angie Peacock, hadn't, Musk's, Kimbal, Sergey Brin Organizations: Twitter, Rock City, Wall Street Locations: Nevada, Paris
Burning Man attendees have made gruelling escape attempts after bad weather hampered the event. One tech entrepreneur told WSJ she hiked through ankle-deep mud after her camp flooded. AdvertisementAdvertisementSome Burning Man attendees have been staging dramatic escapes after heavy rainfall turned the festival site into a chaotic mud pit. She said walking through the mud while carrying what she could "felt like walking in wet scuba gear." DJ and producer Diplo, a Burning Man regular, documented his escape with Chris Rock on social media.
Persons: Laurie Wofford, Sergey Brin, Diplo, Chris Rock Organizations: Tech, Morning, Wall Street Journal, Wofford Locations: Nevada, Washington, DC
Elon Musk's brother, Kimbal Musk, and Google cofounder Sergey Brin have been spotted at Burning Man. Two of the biggest tech camps have been severely flooded, attendees told WSJ. Another tech founder said they abandoned their luggage and waded through ankle-deep mud. AdvertisementAdvertisementElon Musk's brother, Kimbal Musk, and Google cofounder Sergey Brin have been spotted at Burning Man as attendees continue to battle chaotic conditions. Another tech founder said she had to ditch her luggage and wade through ankle-deep mud.
Persons: Elon Musk's, Kimbal, Sergey Brin, Brock Pierce, Elon Musk, Mark Zuckerberg, Elizabeth Holmes, Google cofounders Brin, Larry Page, Eric Schmidt, Brin Organizations: Wall Street, Rock City, Meta, Google, Musk Locations: Rock
Burning Man is facing challenges due to flooding from Tropical Storm Hilary. The gates to the Black Rock Desert event remained closed on Tuesday. AdvertisementAdvertisementBurning Man, the festival beloved by Silicon Valley's elite, is at risk of quenched by Tropical Storm Hilary. Nevada's Black Rock Desert, where the event takes place each year, closed its gate due to flooding caused by the rains of Tropical Storm Hilary, The San Francisco Standard reported. "Temporary gate closures are not abnormal," a Burning Man rep told Insider.
Persons: Hilary, Nevada's, Gerlach, we're, Sergey Brin, Larry Page, Elon Musk, Jeff Bezos, Meta's Mark Zuckerberg, Elizabeth Holmes Organizations: Morning, Silicon, San Francisco Standard, Google, Amazon Locations: Tropical, , Rock
Jeff Kowalsky | Bloomberg | Getty ImagesA string of Google executives have changed their roles in the span of several months, in a shift that has sidelined many of company's remaining old guard. The changes encompass high-profile executives such as CFO Ruth Porat, YouTube CEO Susan Wojcicki, and employee No. Some say they have left their roles for a new challenge and others have left to seek opportunities in AI. While she'll still be in an advisory role at Google, she said, she wanted to "start a new chapter." Google's AI head, Jeff Dean, who's been at Google since 1999, became a chief scientist as part of the change.
Persons: Ruth Porat, Jeff Kowalsky, Susan Wojcicki, Urs Hölzle, Susan Wojcicki —, Sergey Brin, Larry Page, she'll, Robert Kyncl, David Lawee, Hölzle, Morgan Stanley, Porat, Courtenay Mencini, who've, it's, OpenAI, Sundar Pichai, Google execs, Prabhakar Raghavan, HJ Kim, Geoffrey Hinton, Demis, James Manyika, Jeff Dean, who's, It's Organizations: Inc, Michigan Central Station, Bloomberg, Getty, Google, YouTube, Warner Music Group, CapitalG, CNBC, New York Times, McKinsey, Google Research Locations: Detroit , Michigan, Silicon Valley
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Persons: Dow Jones, jeffrey, epstein, sergey, brin
Google parent Alphabet has pared back large positions in multiple publicly traded firms, including the trading platform Robinhood , the gene testing company 23andMe and language learning startup Duolingo . The company dumped nearly 90% of its stake in Robinhood, according to SEC filings. The company sold off more than 4.3 million shares of the fintech stock during the period ending June 30. Robinhood posted its first profit as a publicly traded company on Aug. 2. Alphabet still held about 612,000 shares of Robinhood as of June 30.
Persons: Robinhood, Anne Wojcicki, Sergey Brin Organizations: SEC, Wall, Google Locations: Robinhood, Duolingo, 23andMe
Steve Ballmer is richer than Warren Buffett, Mark Zuckerberg, Larry Page, and Sergey Brin. The former Microsoft CEO is worth $120 billion, thanks to his estimated 4% stake in the company. Page and Brin have added $28 billion and $26 billion to their respective fortunes in 2023, lifting their net worths to $111 billion and $106 billion. Ballmer's fortune has ballooned this year thanks to Microsoft stock climbing to historic highs. The former Microsoft chief trails Larry Ellison ($133 billion) and Bill Gates ($137 billion) by some distance in Bloomberg's wealth index.
Persons: Steve Ballmer, Warren Buffett, Mark Zuckerberg, Larry Page, Sergey Brin, Ballmer isn't, Sergey Brin —, didn't, Bill Gates, Jeff Bezos, Larry Ellison, Zuckerberg, Brin, Elon Musk, Bernard Arnault, Buffett, Ballmer's, Ballmer, Page, Brin haven't, he's Organizations: Microsoft, Service, Google, Bloomberg, Forbes, LA Clippers, Berkshire Hathaway, Gates Foundation, Meta Locations: Wall, Silicon, Berkshire
Here are five more tech companies which changed their names — some controversially, and others leading to success. From The Facebook to Facebook, then MetaMark Zuckerberg at Harvard University, three months after The Facebook was created. But the business plan was first written for a company called Cadabra, as in a magician's "Abracadabra." Before Twitter became X, X.com became PayPalPeter Thiel, left, and Elon Musk, right, hold VISA credit cards branded with the X.com company logo on October 20, 2000. Paul Sakuma/APElon Musk cofounded the online payment company X.com in 1999 before it merged with Peter Thiel's Confinity a year later.
Persons: Elon Musk, Musk, Mark Zuckerberg, Rick Friedman, Sean Parker, Justin Timberlake, Zuckerberg, that's, Frances Haugen, Sergey Brin, Larry Page, Martin Magunia, Brin, Sundar Pichai, Mike Krieger, Kevin Systrom, Stephen Chernin Instagram, Andreessen Horowitz, Krieger, Systrom, Instagram, Jeff Bezos, Evan Agostini, , Bezos, Mackenzie Scott, X.com, PayPal Peter Thiel, Paul Sakuma, AP Elon Musk, Peter Thiel's Confinity, Jimmy Soni's, Thiel, Walter Isaacson Organizations: Twitter, PayPal, Morning, Facebook, Harvard University, Meta, VR, Reality Labs, Google, Getty, Stanford, Microsoft, REUTERS, Baseline Ventures, Stanford University, Inc, Amazon, AP Elon, eBay Locations: Burbn
At the time, there were reports that he paid cash to girls for "massages" — a code word for sex. When asked about the large withdrawals, Epstein said he needed to pay for jet fuel. JPMorgan's private bank has a policy to "discourage" large cash deposits and spending. Bankers, according to an excerpt of the guidelines filed in court Tuesday morning, are responsible for getting clients to explain their large cash withdrawals. "Issue is he really never stopped the large cash withdrawals," a compliance officer wrote then.
Persons: Jeffrey Epstein, Epstein, Morgan, Jeffrey Epstein's, James, Emily Michot, Ghislaine Maxwell, sexualized massages, Glenn Dubin, Sergey Brin, Bill Gates, Leon Black, Larry Summers, Prince Andrew, Ehud Barak, Thomas Pritzker, Benjamin Netanyahu, JPMorgan, Alexander Acosta, Mr, John Duffy, Mary Erdoes, Erdoes, Duffy Organizations: JPMorgan, Morning, JPMorgan Chase, Private Bank, Banker, Islands, US Virgin Islands, U.S ., Miami Herald, Tribune, Service, Getty, Virgin Islands, police, US, Office, Southern, of Locations: Little St, U.S, U.S . Virgin Islands, Palm Beach, Sultan, Dubai, Prince, Florida, of New York
Sergey Brin Is Back in the Trenches at Google
  + stars: | 2023-07-21 | by ( Miles Kruppa | Deepa Seetharaman | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones, sergey, brin
Brin is frequently showing up at Google HQ to help its AI efforts, The Wall Street Journal reported. He is reportedly deeply involved in the development of Gemini, an AI model that aims to rival GPT-4. Google cofounder Sergey Brin is reportedly showing up often at the search giant's headquarters to help develop ChatGPT rival Gemini and boost its AI ambitions. Google is pouring efforts into Gemini, an AI model designed to rival the GPT-4 model underlying OpenAI's technology. This week, Google's AI ambitions faced another threat as Meta unveiled Llama 2.
Persons: Sergey Brin, Brin, GPT, Larry Page, Sundar Pichai, Demis Hassabis Organizations: Google, Street Journal, Gemini, Morning, The New York Times, Wall Street, Meta, Microsoft Locations: The
The government of the U.S. Virgin Islands in a court filing Friday estimated that it will seek damages of at least $190 million from JPMorgan Chase in a lawsuit accusing the big bank of facilitating sex trafficking by its former long-time customer Jeffrey Epstein. The Virgin Islands also said it wants an order requiring JPMorgan to take a series of steps to protect young women and girls from other predators in the future. The filing says the Virgin Islands wants at least $150 million in civil penalties alone. JPMorgan in its own court filings has accused the Virgin Islands itself of being "complicit in the crimes of Jeffrey Epstein." Last month in the same court where the Virgin Islands is suing the bank JPMorgan agreed, without admitting wrongdoing, to pay $290 million to victims of Epstein to settle a suit by one of his accusers.
Persons: Jeffrey Epstein, Epstein, Jed Rakoff, Jeffrey Epstein's, JPMorgan Chase, Ariel Smith, Smith, Patricia Wexler, JPM, Virgin, Sergey Brin, Bill Gates, Lex Wexner, Glenn Dubin, Donald Trump, Bill Clinton, Prince Andrew of Great Organizations: New York State Division, Criminal, Services, Reuters, U.S . Virgin, JPMorgan Chase, Virgin, JPMorgan, Virgin Islands, Google, Microsoft, Limited Brands, Deutsche Bank, New York state's Department of Financial Services Locations: U.S, Manhattan, United States, Virgin, Eastern, Prince Andrew of Great Britain, Florida, New York
Attorney Nicole Shanahan spoke out nearly a year after a scandal involving Elon Musk. Sources had told WSJ that Shanahan had an affair with Elon Musk while married to Google's Sergey Brin. Shanahan and Musk denied the affair, and Shanahan said the scandal was "utterly debilitating." "It was a conversation that was very meaningful about life and how people show up for one another," Shanahan told People. Shanahan, Musk, and representatives for Brin did not immediately respond to a request for comment from Insider ahead of publication.
Persons: Nicole Shanahan, Elon Musk, Shanahan, Google's Sergey Brin, Musk, Sergey Brin's, Brin's, Brin, she'd, Read Organizations: Elon, Street, Twitter, Journal, Echo Foundation, Stanford University, VC, Planeta Ventures
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