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Marc Benioff said some of its rivals are in "a race to the bottom" with "excessive" AI spending. AdvertisementSalesforce's CEO says the company isn't spending as lavishly on AI as some of its tech peers — and he isn't worried about falling behind. Instead, Marc Benioff says the company will capitalize on the vast AI spending gap between it and some of its competitors and avoid a "race to the bottom." Benioff said some of Salesforce's competitors were "excessive" with their AI spending and "it's becoming a race to the bottom for some of these companies." He also highlighted that some have invested in nuclear energy and nuclear power plants.
Persons: Salesforce, Marc Benioff, , Kara Swisher, Einstein, it's, Benioff, Kairos Power, Meta, Aravind Srinivas Organizations: Amazon Web Services, Google, Meta, Microsoft, Kairos Locations: Stanford
Related Video How tech layoffs could affect the economyIn today's newsletter, the $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry. OmnicomIt's already been a big week for the ad industry. For ad industry insiders, the proposed takeover reflects an ad sector under threat from Big Tech and AI , writes Business Insider's Lara O'Reilly. AdvertisementPrivate equity has been circling the ad industry, too. Industry insiders have speculated for months that WPP could be taken private — or at least some parts of it could be.
Persons: Luigi Mangione, Brian Thompson, Mangione, John Wren, IPG Philippe Krakowsky, Wren, Omnicom It's, Publicis, Snoop Dogg, it's, Insider's Lara O'Reilly, creatives, Simon Francis, Lara, William Ritchie, Blackstone, Chelsea Jia Feng, Jane Fraser, Aaron Neyer, Sylvia Duran, Camila Ferraz, Jenny Chang, Rodriguez, , Jimmy Donaldson, Rupert Murdoch Getty, Rupert Murdoch, Rupert, Lachlan, Murdoch, they've, Elon Musk, Sundar Pichai, Benjamin Netanyahu, Janet Yellen, Hallam Bullock, Grace Lett, Ella Hopkins, Amanda Yen, Lisa Ryan, New York Milan Sehmbi Organizations: Business, Ivy League, Big Tech, Monday, Omnicom, Interpublic, Groupe, WPP, Flock Associates, WY Partners, Apollo, KKR, Industry, Getty, Nvidia, Microsoft, Amazon, Citi, Google, PowerPoint, Elon, Wall Street, Summit Locations: Pennsylvania, Paris, China, bitcoin, MrBeast City, California, Jerusalem, Stockholm, Sweden, London, Chicago, New York
AdvertisementThis as-told-to essay is based on a conversation with Stephen Wu, a 29-year-old hedge fund manager from New York. It was a good mix of my passion for music and engineering, but eventually, I left Amazon for Microsoft and then left tech to start a hedge fund with about 80 investors. I raised almost $10 million from friends, family, high-net-worth individuals, influencers, and others in the hedge fund space that first year. I left Microsoft in April 2023 to work on the hedge fund full-time. I aim to grow this to a $100 to $200 million fund in the next few years.
Persons: Stephen Wu, It's, Alexa, Taylor Swift, Manseen Logan Organizations: Amazon, Microsoft, Carnegie Mellon, Amazon Alexa, Big Tech, NASDAQ Locations: New York, Seattle, mlogan
Advanced Micro Devices — The chipmaker dropped more than 1% after a Bank of America downgrade to neutral from buy. Interpublic Group of Companies , Omnicom Group — The stocks moved in opposite directions after the companies announced that Omnicom will acquire Interpublic in a stock-for-stock transaction . Following the announcement, shares of Interpublic jumped nearly 15%, while Omnicom shares fell about 3%. SoFi Technologies — The fintech stock slipped 2% after a downgrade to underperform from neutral at Bank of America. PayPal — Shares of the fintech company rose 2% after Bank of America upgraded the stock to buy from neutral.
Persons: Vivek Arya, Omnicom, Interpublic, Reddit, Morgan Stanley, Brian Nowak, SoFi, , Fred Imbert, Jesse Pound, Lisa Kailai Han, Sean Conlon, Samantha Subin, Michelle Fox, Hakyung Kim Organizations: Nvidia, Administration, Bank of America, Big Tech, U.S . Special, Command, Interpublic, of Companies, Omnicom, Dow, Macquarie Asset Management, U.S, Technologies, PayPal Locations: China, Gulf
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
AdvertisementByteDance is the biggest buyer of Nvidia's AI chips inside China as the TikTok owner seeks to establish itself in the artificial intelligence sector, the Financial Times reported. One is the H100 — a coveted chip that powers data-hungry AI models and has helped turn Nvidia into a $3 trillion company amid the global AI boom. Despite the US regulation and China's pleas, ByteDance has emerged as Nvidia's largest buyer of AI chips, sources who spoke to FT said. The TikTok owner's push to acquire more Nvidia chips is part of the company's broader effort to establish itself as an AI powerhouse. Sources familiar with the matter told the FT that the company is building an AI chip for machine learning modeled after Google's Tensor Processing Unit.
Persons: hasn't, ByteDance, Bytedance, Kevin O'Leary, Steven Mnuchin, Frank McCourt, McCourt, Trump Organizations: Financial Times, Nvidia, Blackwell, Business, Big Tech, Dodgers Locations: China, Asia, Malaysia
Omnicom and Interpublic Group plan a $13.25 billion merger that would create the world's largest ad-agency company. Industry insiders say the deal reflects an ad sector under threat from Big Tech and AI. Being big matters as the industry wrestles with disruption from the might of Big Tech players and the advent of artificial intelligence. The $13.25 billion all-stock deal would merge Omnicom's creative and media-buying agencies, such as BBDO and Omnicom Media Group, with IPG's McCann Worldgroup and Mediabrands. The research firm Forrester said last year that the rise of automation could lead to the loss of 33,000 jobs within ad agencies by 2030.
Persons: IPG's McCann Worldgroup, Marcel, Publicis, Simon Nicholls, Martin Sorrell, Omnicom, hasn't, Laura Desmond, Philippe Krakowsky, Wren, Sorrell, John Wren's, Forrester, Simon Francis, Francis, creatives, John Wren, Publicis Groupe's, Maurice Levy, Spencer Platt, it's, Greg Paull, Kennedy Organizations: Industry, Big Tech, Interpublic, Wall Street Journal, Omnicom Media, Groupe, Analysts, WPP, Capital, Adobe, General Motors, Pfizer, Microsoft, Omnicom, Flock Associates, Getty, Publicis Groupe
OpenAI releases Sora, its buzzy AI video-generation tool
  + stars: | 2024-12-09 | by ( Hayden Field | ) www.cnbc.com   time to read: +6 min
OpenAI said Monday it's releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to OpenAI's image-generation AI tool, DALL-E: A user types out a desired scene, and Sora will return a high-definition video clip. The Microsoft-backed artificial intelligence startup, which burst into the mainstream last year thanks to the viral popularity of ChatGPT, introduced Sora in February. OpenAI said users don't need to pay extra for the tool, which will be included in existing ChatGPT accounts such as Plus and Pro. With Sora, the ChatGPT maker is looking to compete with video-generation AI tools from companies such as Meta and Google, which announced Lumiere in January.
Persons: OpenAI, Sora, It'll, Sam Altman, Kevin Weil, Rohan Sahai, Anthropic, Elon Musk's xAI, Microsoft's Bing, Lumiere Organizations: Microsoft, YouTube, Employees, Big Tech, Google, Meta, Amazon, Alexa, Sora, CNBC Locations: Europe
Recent graduates told BI they have sent hundreds of job applications with little response. Some are choosing to pursue a "panic master's" degree to delay their job search. AdvertisementA computer science degree has become an increasingly popular choice for students seeking a six-figure job in Big Tech out of college. According to data from PayScale published last year, employees with a master of science degree make an average base salary of $112,000, compared to $72,000 for those with a bachelor's degree in computer science. "It just might not be a cushy tech job that all of us have been raised to think about."
Persons: Parvatini, Yahya Bashir, Gustavus Adolphus, Bashir, Emos Ker, Ker, " Ker, it's, David Garlan, they're, Ian Hurrel, Hurrel, PayScale, Sydney Bishop, Bishop, Samuel Onabolu, Onabolu Organizations: Penn State University, Big Tech, ADP Research, Gustavus, Gustavus Adolphus College, New York University, Carnegie Mellon, Columbia, CS, Carnegie, of Graduate Schools, Georgia Institute of Technology, Burning Glass Institute, Sydney, UC Irvine, Google, Microsoft, US Bureau of Labor Statistics, Brock University Locations: Big Tech
Google said it provided impacted employees with outplacement support and invited them to apply for open roles across the company. I miss a lot about Google, but more about the early days when it felt like a family. AdvertisementAnonymous Google employeeA senior software engineer who was laid off in January 2024 secured another job at Google a few weeks later. I had to take medical leave for depression at another fast-paced Big Tech job I'd worked; at another job, things felt like they moved at a glacial pace. Losing a job is traumatic, but it's humbling to think about how much Google transformed my life.
Persons: Jonea Gordon, Philadelphia Jonea Gordon Gordon, We'd, I'd, — I'd, Lois, Kyongsook, Kim, Seoul Lois Kim Kim, who'd, I've, Joe's, didn't, there's, Sylvia Duran, Sylvia Duran Chen Duran, I'm, Aaron Gabriel Neyer, Boulder , Colorado Aaron Neyer Neyer, Eric Wages, Massachusetts Eric Wages Ilene Perlman, — I'm, they've, who's, would've, Shao Chun Chen, Singapore Shao Chun Chen Chen, , weren't, Camila Ferraz, Zurich Camila Ferraz Ferraz, Paolo, it's Organizations: Google, Big Tech, Philadelphia, Meta, Amazon, Facebook, Toyota, Hanmi Group, Starbucks, US, San, YouTube, Ivy League, LinkedIn, Intuit, University of Colorado Boulder's Atlas Institute, Boulder City Council, Human Relations, Idealum Solutions, National University of Singapore Locations: Seoul, Korea, Korean, San Francisco, Idaho, Florida, San Diego, YouTube Mexico, Singapore, Seattle, Boulder , Colorado, Boulder, Massachusetts, Silicon Valley, Malaysia, Indonesia, Pakistan, Japan, Miami, Zurich, Brazil, Google's San Francisco
Advertisement"There is something like this, air pollution, which is affecting people right now," Ren said in an interview. By 2030, they calculated, AI's electricity-related public health costs will top $20 billion. The researchers found those health effects are not contained to the state, as air pollution travels. There is actually cross-state air pollution." "If you look at the sustainability reports from these companies, they mention carbon and water, but they don't mention anything about air pollution," Ren said.
Persons: Shaolei Ren, Adam Wierman —, Ren, it's, Meta Organizations: University of California, California Institute of Technology, UC Riverside, McKinsey & Company, Environmental Protection Agency, Washington D.C, Amazon, Google, Microsoft Locations: California, Virginia, New York, Los Angeles, Riverside, United States, China, Maryland — Montgomery, West Virginia , New York , New Jersey , Pennsylvania, Delaware, Washington, Florida
Such were the weekly topics on “Kash’s Corner,” the eponymous online show hosted by President-elect Donald Trump’s pick to lead the FBI. The show, available only to Epoch Times subscribers, could receive fresh scrutiny as Patel faces Senate confirmation hearings. The details of Patel’s contract with The Epoch Times aren’t known. Jekielek and The Epoch Times did not respond to requests for comment. “What, is the FBI going to come around and say, ‘Now, oh, we were just spending government dollars to help safeguard a nation’?
Persons: Donald Trump’s, Kash Patel, Patel, Jan Jekielek, Trump’s, , Larry Elder, , Bill Guan, Matt Gaetz, Gaetz, Gong, Barack Obama, ” Patel, Jekielek, Spygate, Bauer, Trump, Kash —, Guan, Nicholas Biase, Steve Bannon’s “, Joe Biden, “ We’ve, “ Russiagate ”, Hunter, They’re, “ It’s, Anthony Fauci, immunologist, “ Fauci, Daniels, Jean Carroll, ” Jekielek Organizations: President, FBI, Epoch Times, NBC, Times, Epoch, Trump’s Save America PAC, Big Tech, Trump, , A.J, University of Alabama, Prosecutors, Department of Labor’s, State, Diplomatic Security Service, Forces, Attorney’s, Southern, of, Public, NBC News, Capitol, Twitter, DOJ, U.S, Commission, National Institute of Allergy Locations: China, conspiracism, U.S, Vietnam, of New York, Trump
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.
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
More universities are offering degrees in artificial intelligence, so BI rounded them up. Other institutes are offering graduate degrees in AI or degrees with AI specializations. As more colleges introduce an AI major, it means the computer science degree, long viewed as a pipeline into Big Tech, has some more competition. Stanford University's symbolic systems degree and Carnegie Mellon's computer science degree also offer AI concentrations. AdvertisementSome institutes that don't have undergraduate degrees still offer graduate degree programs in AI, both online and in-person.
Persons: David Garlan, Robert Ghrist, Garlan, Duke University's, Carnegie Mellon Duke John Hopkins John Organizations: Big Tech, Carnegie, Carnegie Mellon, University of Pennsylvania, Ivy League, Intelligence, Education, Penn Engineering, Universities, Artificial Intelligence, Carnegie Mellon University University of Pennsylvania California Institute of Technology Dakota State University Illinois Institute of Technology Keiser University Long Island University New England Institute of Technology Oakland University UC Santa Barbara University of Texas San, Boston University, Stanford, Carnegie Mellon Duke, Carnegie Mellon Duke John Hopkins John Hopkins University UCLA University of Texas, Austin, Columbia University Cornell University Georgia Institute of Technology Rice University Stanford University USC Locations: Carnegie Mellon University University of Pennsylvania California Institute of Technology Dakota State University Illinois Institute of Technology Keiser University Long Island University New England Institute of Technology Oakland University UC Santa Barbara University of Texas San Antonio, undergrad
Generative artificial intelligence probably won't change your life in 2025 — at least, not more than it already has, according to Google CEO Sundar Pichai. When OpenAI launched ChatGPT two years ago, generative AI quickly captured the imagination of users around the world. When I look at [2025], the low-hanging fruit is gone," said Pichai, adding: "The hill is steeper ... You're definitely going to need deeper breakthroughs as we get to the next stage." But another seismic shift that changes the way most people think about or envision AI is unlikely to happen within the next year, said Pichai. Sign up for CNBC's online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.
Persons: Sundar Pichai, OpenAI, Pichai, Goldman Sachs, Satya Nadella, it's, Nadella, Sam Altman Organizations: Google, New York Times, Fast, CNBC
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
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 trick, though, comes in trying to distinguish between a bull market feeding off rational fundamental positives and one that has grown so frisky as to be acutely risky. What's clear for sure is that we've entered the "belief" phase of this bull market, which is more than two years old yet is showing few of the telltale signs of ending very soon. Wall Street turns bullish Brokerage-house strategists as a group were far too cautious entering 2023, the S & P 500 staying ahead of the consensus target virtually all year. Yet we think there will be fewer checks when stocks are running up, creating the potential for risk appetite to turn frothy." Just normal bull market?
Persons: we've, Todd Sohn, Donald Trump, Donald Trump's, anecdotally, David Rosenberg, Rosenberg, YTD, Stephen Suttmeier, Goldman Sachs, DocuSign, industrials Organizations: telltale, Strategas Research, Wall, Rosenberg Research, Blackrock Investment Institute, Blackrock, Bank of America, Robinhood, Cloud Computing, Trump, Big Tech, Leuthold, Fed
I was part of a grassroots climate community within Google called Anthropocene working on how we could focus more on climate solutions inside Google. AdvertisementI became the executive director of a nonprofit I joined in 2022 called Consciousness Hacking Colorado and led its relaunch as Woven Web. AdvertisementIn October, Woven Web coordinated a 10-day event to connect people across different communities and ultimately create more coherence in Boulder. I'll go back into some form of full-time work at some point, but I'm not rushing to any decisions. AdvertisementI bike past the Google office a lot here in Boulder and often feel a tenderness in my heart.
Persons: Aaron Neyer, Neyer, I've, It's, I'm, Jane Zhang Organizations: Google, Naropa University, Hacking, Boulder City Council, Human Relations, University of Colorado Boulder's Atlas Institute, Big Tech Locations: Boulder , Colorado, San Francisco, ecopsychology, Boulder
Venture investor and podcaster David Sacks will join the Trump administration as the “White House A.I. & Crypto Czar,” President-elect Donald Trump announced on Truth Social on Thursday. Sacks will guide the administration’s policies for artificial intelligence and cryptocurrency, Trump wrote. “David will focus on making America the clear global leader in both areas,” Trump wrote. In his post, Trump called it the “top podcast in Tech, where he and his friends discuss economic, political and social issues.”
Persons: podcaster David Sacks, Donald Trump, Sacks, Trump, “ David, ” Trump, , ” David Sacks, Tom Williams, He’s, , Elon Musk, Peter Thiel, Chamath Palihapitiya, Jason Calacanis, David Friedberg Organizations: Trump, Big Tech, Republican, San, Republican National Convention, Getty, Microsoft, PayPal, Elon Locations: America, San Francisco, Milwaukee, Milwaukee.Sacks, Tech
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
AdvertisementTrump appoints David Sacks as White House artificial intelligence and crypto czar. Sacks, a former PayPal COO, co-founded Craft Ventures and invested in major tech firms. He's closely linked to Elon Musk, Peter Thiel, and other tech entrepreneurs. President-elect Donald Trump has named David Sacks as his White House artificial intelligence and crypto czar. Related VideoThe entrepreneur served as chief operating officer for Elon Musk and Peter Thiel's PayPal and co-founded venture fund Craft Ventures in 2017.
Persons: Trump, David Sacks, Sacks, Elon Musk, Peter Thiel, Donald Trump, Peter Thiel's PayPal, Palantir, Airbnb, David Organizations: White, PayPal, Craft Ventures, SpaceX, Trump, NATO, Big Tech Locations: Ukraine, America
How Harvest's Paul Meeks sees tech next year
  + stars: | 2024-12-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Harvest's Paul Meeks sees tech next yearPaul Meeks, Harvest Portfolio Management chief investment officer, joins CNBC's 'Money Movers' to discuss the record highs across big tech, which tech companies he is bullish on, and more.
Persons: Paul Meeks Organizations: Portfolio Management
Venture investor and podcaster David Sacks will join the Trump administration as the "White House A.I. Sacks will guide the administration's policies for artificial intelligence and cryptocurrency, Trump wrote. "David will focus on making America the clear global leader in both areas," Trump wrote. The appointment signals that the second Trump administration is rewarding Silicon Valley figures who supported his campaign. Sacks is a venture capitalist and entrepreneur who sold Yammer, to Microsoft for $1.2 billion in 2012.
Persons: podcaster David Sacks, Donald Trump, Sacks, Trump, David, He's, Elon Musk, Peter Thiel, Chamath Palihapitiya, Jason Calacanis, David Friedberg Organizations: Trump, Big Tech, Republican, San, Republican National Convention, Microsoft, PayPal, Elon Locations: America, San Francisco, Milwaukee, Tech
Gray Media , owner of local TV stations and digital assets serving 113 TV markets? The bearish sentiment on the industry has been pretty straightforward: as more people cancel traditional pay TV, fewer households watch broadcast TV, opting instead for streaming services like Netflix and Disney+. Additionally, the Federal Communications Commission mandates the total number of TV stations owned by any company can cover a maximum of 39% of the U.S. Tegna now owns local rights for the WNBA's Indiana Fever and the NHL's Seattle Kraken. Gray Media , owner of local TV stations and digital assets serving 113 TV markets?
Persons: Alex Sherman, Donald Trump, Trump, Brendan Carr, Carr, Chris Ripley, Sinclair, Gray, Tegna, Kerry Bubolz, he's, Bubolz, We're, Adam Symson, Symson, We've, Lazard, Stephen Finkel, Finkel, He'll, – Manoel Carvalho, Bryan Tannenbaum, Carvalho, Tannenbaum, Don Garber, Lionel Messi's, Garber, Mark Clouse, Russell Wilson, Wilson, Bo Nix, It's, Jimmy Pitaro, CNBC's Lillian Rizzo, Al Michaels, CNBC's, Andrew Luck, Randall Stephenson, Stephenson, Brandon Bell Organizations: CNBC, Sinclair, Gray Media, Scripps, Netflix, Disney, Warner Bros, Discovery, Paramount Global, Comcast, NBC, ABC, CBS, Fox, Federal Communications Commission, FCC, National Association of Broadcasters, Big Tech, NAB, Vegas Golden Knights, Vegas Golden Knights , Utah Hockey Club, Florida Panthers, NBA's Phoenix Suns, Cleveland Cavaliers, New Orleans Pelicans, Oklahoma City Thunder, Milwaukee Bucks, Las Vegas Aces, Phoenix Mercury, Atlanta, Indiana Fever, Utah Jazz, Portland Trailblazers, Golden Knights President, Knights, MLB, NBA, NHL, WNBA, Lazard, Credit Suisse, Rothschild, Guggenheim Securities, Guggenheim, MLS, League Soccer's, LA Galaxy, New York Red Bulls, Apple, NFL, Washington Commanders, Denver Broncos, Pittsburgh Steelers, AFC, Broncos, CNBC Sport, ESPN, Football, Sports, FIFA Club, Javits, Golden State, Stanford football, Stanford, AT, University of Oklahoma, OU, SpaceX, Reuters Locations: U.S, Vegas Golden Knights ,, Seattle, Pacific, Idaho, Wyoming, Montana, Arizona, Phoenix, Las Vegas, Reno, New York, Campbell's, New York City, Brownsville , Texas
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