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☆ What the latest inflation data means for interest rates
▼ + stars: | 2024-02-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.

Persons: —, Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London

☆ Bitcoin ETFs will bring about a 'flood of liquidity' to the market, says Fred Thiel
▼ + stars: | 2024-02-14 | 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 EmailBitcoin ETFs will bring about a 'flood of liquidity' to the market, says Fred ThielFred Thiel of Bitcoin mining company Marathon Digital discusses why he thinks Bitcoin ETFs are a good thing for the cryptocurrency's market and says he expects it to behave in a similar manner to gold's as it matures.

Persons: Fred Thiel Fred Thiel Organizations: Marathon

☆ Swimmer says he'll compete in Peter Thiel-backed Olympics for doped-up athletes and will 'juice to the gills' for $1 million prize
▼ + stars: | 2024-02-09 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A retired swimmer has accepted an offer to compete in the Enhanced Games. He agreed to "juice to the gills" for a $1 million prize for beating a swimming record. The Enhanced Games, with the backing of Peter Thiel, wouldn't be subject to anti-doping rules. AdvertisementMagnussen said: "If they put up a $1 million for the 50-freestyle world record, I'll come on board as their first athlete." SEN EXCLUSIVE | @james_maggie91 agrees to compete in the @enhanced_games after founder agrees to a $1 million prize if he breaks a world record.

Persons: Peter Thiel, wouldn't, —, James Magnussen, Magnussen, he's, César, Aron D'Souza, it's, D'Souza, Sydney's SEN, SEN, @james_maggie91, Brandy SEN 1170AM, James Organizations: Service, Doping Agency Locations: Brandy SEN 1170AM Sydney

☆ Peter Thiel's 'Olympics on steroids' says it's considering letting athletes compete wearing Apple's Vision Pro
▼ + stars: | 2024-02-09 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Read previewThe CEO of the Enhanced Games — dubbed the "Olympics on steroids" by some — said that in addition to allowing performance-enhancing drugs, they are also open to athletes using tools like Apple's Vision Pro. "Imagine a javelin thrower using Vision Pro," he said, referring to the recently launched mixed-reality Apple headset. Earlier this week, retired Australian swimmer James Magnussen said he'd accepted an offer to compete at the Enhanced Games, making him the first athlete to do so. D'Souza said that the use of AR, VR, and mixed-reality technology might not be approved in time for the first Enhanced Games. Ultimately, the Enhanced Games are about "the future, technology, about progress," D'Souza said, contrasting it with the Olympic Games, which he described as being about Ancient Greece and the past.

Persons: —, Peter Thiel, Aron D'Souza, D'Souza, Elon Musk, James Magnussen, he'd, Magnussen, there's, that's Organizations: Service, Business, Olympic Games Locations: Greece

☆ Peter Thiel invests in group to recreate the Olympics on steroids — literally
▼ + stars: | 2024-01-31 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Peter Thiel has invested in an effort to create an Olympic Games that welcomes doping. The PayPal cofounder was one of several investors named Wednesday in the Enhanced Games. AdvertisementPeter Thiel is backing an effort to create an Olympic Games that welcomes using performance-enhancing drugs. The Olympic Games bans the use of hundreds of medications and drugs, including categories like stimulants, anabolic agents, and hormone and metabolic modulators. Just this week, Russian figure skater Kamila Valieva was retroactively disqualified from the 2022 Beijing Olympic Games after the Court of Arbitration for Sport ruled she'd violated anti-doping rules.

Persons: Peter Thiel, —, Balaji Srinivasan, Aron D'Souza, Michael Sagner, Kamila Valieva Organizations: Games, PayPal, Service, Apeiron Investment Group, King's College London, Medical Advisory Commission, Olympic Games, Beijing Olympic Games, Sport Locations: Russian

☆ Inside the right-wing subculture of Zyn-obsessed nicotine fiends
▼ + stars: | 2024-01-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. After Senate Majority Leader Chuck Schumer called for a federal probe into "Zyn" nicotine pouches last week, the GOP backlash was swift. "Unfortunately Chuck Schumer is more focused on Zyn Pouches than he is about Fentanyl pouring over our border," wrote Rep. Tim Burchett of Tennessee. A 'pro-society' drugA variety of factors drive the proliferation of nicotine among the younger right-wing crowd. Containers of "Zyn" nicotine pouches.

Persons: Tucker Carlson, —, Chuck Schumer, Marjorie Taylor Greene, Schumer, Sen, Thom Tillis, Tim Burchett, Peter Thiel, JD Vance, Ohio, Vance, It's, Michael M, Carlson, Tucker Carlson's, that's, Saagar Enjeti, Greg Price, Andrew Huberman, Peter Attia, they're, There's, Enjeti, Tillis, Gregory Conley, Conley Organizations: Service, GOP, Rep, Fox News, Atlantic, Senate, Republican, State Freedom Caucus Network, Stanford University, Republicans, American Vapor Manufacturers Association, Capitol, Democrats Locations: North Carolina, Tennessee, mainstreaming Zyn, Swedish

☆ Frustrated by healthcare's failings, the rich are investing in biotech to live longer and healthier
▼ + stars: | 2024-01-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

AdvertisementWinter is part of a growing group of family office principals, including heirs like himself and first-generation entrepreneurs, who are making direct investments in pursuit of longer and healthier lives. They are in good company; longevity startups drew global investment of more than $5.2 billion in 2022 , according to a venture capital firm, Longevity Tech Fund, which used PitchBook data. She and some of her clients are investors in Maximon, a Switzerland-based longevity fund that includes "healthspan clinics" in its portfolio. Eric Becker, cofounder of wealth manager Cresset , and his two sons founded a family office and picked Blue Zone Foods as its first investment. Courtesy of CressetFor Becker, whose daughter died of leukemia at 21, and his family, longevity is not an abstract topic.

Persons: Maximilian Winter, doggedly, Lyme, Fritz Winter, Peter Thiel, There's, Peter Fioretti, David Sinclair, Kathrin Genovese, ultrarich, Genovese, Eric Becker, Cresset, Dan Yadegar, Becker, Johnny Walker Organizations: Longevity Tech Fund, Harmonix, Biotech, UBS, Winter's Harmonix Fund, Blue, Foods, Becker Venture Partners, Newpath Partners Locations: Santa Barbara, Quinta , California, Maximon, Switzerland, Zurich

☆ ‘America Is Under Attack’: Inside the Anti-D.E.I. Crusade
▼ + stars: | 2024-01-20 | by ( Nicholas Confessore | ) www.nytimes.com time to read: +44 min

‘America Is Under Attack’: Inside the Anti-D.E.I. “In support of ridding schools of C.R.T., the Right argues that we want nonpolitical education,” Mr. Klingenstein wrote in August 2021. In a 2023 exchange, Dr. Yenor and two associates discussed how to defend Amy Wax, a conservative law professor at the University of Pennsylvania. Dr. Yenor and his allies bristled at the conventions of academic life as overly solicitous toward female and nonwhite students. Samuel Ginn, Claremont donor“The president then told him, ‘Things will change,’” a Claremont fund-raiser wrote to Dr. Yenor and other officials there.

Persons: “ wokeism ”, Chancellor Sharp, Sam Ginn, DeSantis, !, Searle, Scott Yenor's, Alabama Jeff Sessions, peter thiel, thiel, Dan Patrick, Patrick, Texas Long, Claudine Gay, Harvard’s, Trump, Ron DeSantis, Peter Thiel, Heather Mac Donald, ”, Scott Yenor, “, ” Scott Yenor, Claremont, Critics, George Floyd, Donald J, Trump’s, Thomas D, Thomas Klingentstein, ” Mr, Klingenstein, Yenor, Christopher Rufo, fromScott Yenor, Floyd, Mao Zedong’s, Ryan P, Williams, Jack Miller, Ryan Williams, Miller, zealots, Mao Zedong's, ” Claremont, Taube, tothe, Arthur N, Chris Ross, Dockweiler, Elizabeth Ailes, Roger Ailes, Daniel C, Searles, fromChris Ross Ryan, I'd, Dorian Abbot, Mr, Ross, Dr, Amy Wax, Wax, Wax’s, David Azerrad, . Azerrad, fromScott, Azerrad, —, ’, Mac Donald, Mac Donald1 —, fromDavid Azerrad Heather, that's, Thiel —, Thiel’s, bristled, Riffing, Bill Burr, hadn’t, Burr, George W, Bush, ” Tennessee’s, Susan Kaestner, Jeff Sessions, Samuel Ginn, Christopher B, Roberts, Roberts “, Ginn, ” Bowdoin, Thomas Klingenstein, Janet Mills, Mills, ‘, Sarah Huckabee Sanders, Kevin Stitt, he’d, fromThomas, Glenn, sputtered, retool, didn’t, Jim Banks, Banks’s, Banks, Gay, Elise Stefanik Organizations: MIT, Trust, Texas, Claremont, Republicans, Senate, The New York Times, Republican, Claremont Institute, Gov, D.E.I, New, Manhattan Institute, Maine Policy Institute, ”, Texas Public Policy Foundation, Equity, Jack Miller Family, Jack Miller Family Foundation America, Capitol, Freedom Trust, Rupe Foundation, Scaife, Fox News, Massachusetts Institute of Technology, University of Pennsylvania, Hillsdale College, Boise State University, Boise, University of Wisconsin, Eau Claire, Trump, Boise State, University of Tennessee, Arkansas, Alabama, Auburn University, University of Alabama, Auburn, Bowdoin College in, NAS, Bowdoin, Democratic, Mr, Maine Public Radio, American, Association, Maine Department of Education, Indiana Republican, Education, Harvard, New York Republican Locations: Texas, Tennessee, North Carolina, Maine, Montana , Utah , Oklahoma , Texas, South Carolina , Florida, Louisiana, America, defund, Alabama, Tallahassee, Union, California, Florida, Maine , Tennessee, Idaho, New York, Florida , Louisiana, North Carolina , Oklahoma , Tennessee, Wisconsin, Darling, Dallas, Utah, C.R.T, United States, Hillsdale, Eau, India, Boise State, Boise, Manhattan, Canadian, Dixie, Maine —, Bowdoin College in Maine, Colonial America, ”, Maine’s, la, Portland, Northern Maine, Arkansas, Yenor, Indiana, Israel

☆ How Sam Altman's OpenAI drama highlighted the debate splitting Silicon Valley: Are you an e/acc or decel?
▼ + stars: | 2023-12-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewSam Altman's brief ousting as OpenAI CEO didn't just thrust the company further into the global spotlight amid reported personality clashes. It's also highlighted a bigger ethical debate in Silicon Valley: how fast companies should move when pushing out AI technology. Broadly speaking, the debate lies in whether you think that moving full-speed ahead on AI technology will save the world or you think the industry needs to slow down. One key Silicon Valley backer of the idea is veteran venture capitalist Marc Andreessen . His advice to Silicon Valley: "I would encourage any watchers of the industry to not get stuck in a divisive set of rhetoric."

Persons: —, Sam Altman's, didn't, It's, Altman, he's, you've, Marc Andreessen, Elon Musk, Peter Thiel, Sam Bankman, Helen Toner, Tasha McCauley, Toner, McCauley, Altman's, EAs —, Sriram Krishnan, Andreessen Horowitz, — Sriram Krishnan, Gaurab Bansal Organizations: Service, Business, acc, EA, Elon, Wall Street Journal, EAs, Labs, US Department of Commerce, Innovation Labs Locations: Silicon Valley, Silicon

☆ Elon Musk invested in Deep Mind after its founder told him that AI could destroy human colonies on Mars: NYT
▼ + stars: | 2023-12-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk once told DeepMind's Demis Hassabis about his plans to colonize Mars, per NYT. But Musk was left dumbfounded after Hassabis said that AI might destroy his colonies on Mars. Hassabis told Musk that the plan would work if artificial intelligence didn't make the trip to Mars. According to Hassabis, AI being in the mix would lead to the human colony's destruction, too. In March, Musk told a Tesla shareholder during the company's investor day that he was "a little worried about AI stuff."

Persons: Elon Musk, DeepMind's, Musk, Hassabis, —, Demis Hassabis, he'd, Peter Thiel —, OpenAI's, DeepMind Organizations: Service, Elon, The New York Times, The Times, SpaceX, Google, Musk, Business Insider Locations: Mars, DeepMind

☆ AI experts are roasting the NYT list of 'who's who' in AI for having zero women
▼ + stars: | 2023-12-04 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

The New York Times list of "who's who" in AI has been slammed for featuring zero women. "Godmother of AI" Fei-Fei Li criticized the list, writing, "It's not about me, but all of us in AI." AdvertisementThe New York Times' profile of "who's who" in AI, published Sunday, has drawn criticism for featuring zero women. "You literally erased all the heavy hitting women of AI and but included people who are more 'influencers,'" wrote Daneshjou. AdvertisementThe New York Times did not immediately respond to a request for comment from Business Insider, sent outside regular business hours.

Persons: Fei, Fei Li, —, Kara Swisher, Li, It’s, recup, asha, Dane, Wale, ari, Hass, Hoff, lon Musk Organizations: New York Times, Service, ust, ctu, rit, emi Locations: usk

☆ DeepMind's cofounder Demis Hassabis is a chess champion who landed funding from Peter Thiel by talking about a key tension in the game
▼ + stars: | 2023-12-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBefore DeepMind's Demis Hassabis became a leading figure in AI, he was a chess master who had won multiple world championships. Hassabis told Thiel that the best chess players understood the unique strengths of the bishop and the knight, even though both pieces hold the same value. It was not only DeepMind's first significant investment but also one of Thiel's first investments outside the Silicon Valley orbit. He felt the power of Silicon Valley was sort of mythical, that you couldn't create a successful big technology company anywhere else.

Persons: —, Demis Hassabis, Hassabis, Peter Thiel, Thiel, Shane Legg, Mustafa Suleyman, he'd, It's, DeepMind Organizations: Service, DeepMind, The New York Times, Times, Google, Business Locations: West Coast, Silicon, London

Page, hampered for more than a decade by an unusual ailment in his vocal cords, described his vision of a digital utopia in a whisper. If that happens, Mr. Musk said, we’re doomed. Finally he called Mr. Musk a “specieist,” a person who favors humans over the digital life-forms of the future. That debate has pitted some of the world’s richest men against one another: Mr. Musk, Mr. Page, Mark Zuckerberg of Meta, the tech investor Peter Thiel, Satya Nadella of Microsoft and Sam Altman of OpenAI.

Persons: Page, Musk, we’re, ”, Mark Zuckerberg, Peter Thiel, Satya Nadella, Sam Altman, OpenAI Organizations: Valley, Meta, Microsoft Locations: Silicon

☆ What Kris Jenner's former personal assistant learned from her that helped her launch her own company: 'Kris doesn't do anything that's not strategic'
▼ + stars: | 2023-12-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

A 27-year-old who briefly served as Kris Jenner's personal assistant has gone viral sharing her experiences. Madeline Steitz has since turned her focus to launching her own natural sweetener brand. AdvertisementA 27-year-old vegan baker and entrepreneur went viral last year on TikTok discussing her brief stint as Kris Jenner's personal assistant, saying the job helped her launch her own eponymous sweetener brand. "Kris doesn't do anything that's not strategic when it comes to operating business, and she's an absolute genius." After leaving, Steitz turned her attention to Maddie's Natural Sweeter, which she'd conceptualized in January 2022 and formally launched in October.

Persons: Kris Jenner's, Madeline Steitz, Steitz, —, Robbie Page, Jenner, Kylie Cosmetics, Kim Kardashian's Skims, Kendall, Kris doesn't, Abbott Kinney, Louis Cole, Cole, Peter Thiel's, she'd, Kris Organizations: Service, Business, TikTok, Abbott, LinkedIn, Thiel Capital, Jenner Communications Locations: Los Angeles, Cashmere , Washington

☆ OpenAI investor Vinod Khosla, who's 68, says he still works 80 hours a week and plans to keep investing for the next 25 years
▼ + stars: | 2023-12-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

OpenAI investor Vinod Khosla said he still works 80 hours a week during an episode of "The Cerebral Valley Podcast." AdvertisementVinod Khosla, a Silicon Valley investor for almost 40 years, said in the past that he works 80-hour weeks. In 2004, he started his own VC firm he called Khosla Ventures, which backed companies like Instacart, Impossible Foods, and DoorDash. Over the last three months, Khosla Ventures has made multi-million dollar bets on startups in the beverage, insurance, and climate tech space, according to Pitchbook. AdvertisementKhosla didn't immediately respond to Business Insider's request for comment made through Khosla Ventures.

Persons: Vinod Khosla, —, Eric Newcomer, Khosla, Peter Thiel, I've, Warren, he's, Kleiner Perkins Caufield, Byers, toils, Elon Musk, Steve Squeri Organizations: Service, Khosla Ventures, Foods, Tesla, American Express, Financial Times Locations: Silicon, OpenAI

☆ OpenAI CEO Sam Altman went on an 18-month, $85 million real-estate shopping spree — including a previously unknown Hawaii estate
▼ + stars: | 2023-11-30 | by ( Katherine Long | Hugh Langley | ) www.businessinsider.com time to read: +11 min

AdvertisementYears before the recent drama at OpenAI turned CEO Sam Altman into a household name, the former Y Combinator president went on an extraordinary 18-month, $85 million real-estate shopping spree, according to records reviewed by Business Insider — including a previously unreported $43 million Hawaii estate on land that locals describe as historically significant. AdvertisementSam Altman's Hawaii estate is immediately adjacent to the reconstruction of the royal temple of King Kamehameha I. Maxar TechnologiesA $43 million estate in HawaiiIn July 2021, Altman bought a twelve-bedroom estate in Kailua-Kona, on the big island of Hawaii, for $43 million. Altman's purchase of the Hawaii property has not been previously reported. AdvertisementAnnie had been unaware that her oldest brother owned property in Hawaii until Business Insider asked her about it, she said. A $27 million San Francisco homeAltman's weekday residence is a home on San Francisco's Russian Hill that was once described — inaccurately — as the most expensive home in San Francisco.

Persons: Sam Altman, Altman, —, OpenAI, he's, He's, Sam Altman's, King Kamehameha I, King Kamehameha, Jennifer Serralta, Serralta, Jack, Max, — Sam Altman, Mark Zuckerberg, Larry Ellison, Marc Benioff, Jeff Bezos, Peter Thiel, Annie Altman, Annie, Sam's, Napa Altman, Cade Metz, Bob Dickinson Organizations: Service, Business, Bloomberg Tech Summit, Wall Street Journal, YouTube, Altman, LinkedIn, Apollo, Opportunity Fund, Silicon Valley, Business Insider, San, SEC, 9Point Ventures, Uncommon Ventures, New York Times, Capital Management, San Francisco Chronicle, New Yorker, Israeli Defense Force, Tesla Locations: San Francisco, Napa, Hawaii, Napa , California, Sam Altman's Hawaii, Kailua, Kona, wakesurfing, Kauai, Lanai, San, Russian, California, Hollywood, Big Sur

☆ Forbes built a hall of shame for all the questionable people on its 30 Under 30 lists
▼ + stars: | 2023-11-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Plenty of people on the Forbes 30 Under 30 lists have turned out to be not quite so shiny. AdvertisementThe Forbes "30 Under 30" lists celebrate the achievements of young people making a mark in a range of sectors. Its "hall of shame" starts – appropriately enough – with Sam Bankman-Fried, the FTX cofounder who was on the 30 Under 30 finance list in 2021. Caroline Ellison was on the Forbes 30 under 30 list last year. Outside the 30 Under 30 finance class, the gun rights activist Cody Wilson also makes the hall of shame.

Persons: Forbes, Sam Bankman, Martin Shkreli, —, Mark Zuckerberg, FTX, Fried, Caroline Ellison, Eduardo Munoz Alvarez Martin Shkreli, Craig Ruttle, Charlie Javice, Frank, JP Morgan Chase, Javice, Morgan, She's, Nate Paul, Lucas Duplan Clinkle, Lucas Duplan, Peter Thiel, Andreesen Horowitz, Cody Wilson, Kelly West, Steph Korey, James O'Keefe, Prendergrast, she's Organizations: Forbes, Service, Prosecutors, Justice, TechCrunch, Business, Reuters, Project Veritas, The City Magazine Locations: Alameda

☆ Elon Musk's Neuralink raises more cash ahead of human trials next year
▼ + stars: | 2023-11-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Neuralink has raised another $43 million, per an SEC filing, as it faces mounting scrutiny. Billionaire investor Peter Thiel's Founders Fund led the latest round, TechCrunch reported. AdvertisementElon Musk's controversial brain implant company Neuralink has raised more funding as it gears up to start human trials. The latest round was led by billionaire investor Peter Thiel's Founders Fund, TechCrunch reported. The latest funding round comes as Elon Musk faces further criticism over the deaths of monkeys that Neuralink used to test its chips.

Persons: Neuralink, Peter Thiel's, —, Elon, Elon Musk, Gary Gensler, Musk, Luke, Optimus, Neuralink didn't Organizations: SEC, Fund, TechCrunch, Service, Elon, Responsible Medicine, Business

☆ Former Google engineer and Trump pardonee Anthony Levandowski relaunches his AI church
▼ + stars: | 2023-11-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Former Google engineer Anthony Levandowski is relaunching his "Way of the Future" AI church. Levandowski was previously pardoned by Donald Trump after pleading guilty to stealing trade secrets. AdvertisementAnthony Levandowski, a pioneer of self-driving cars and controversial Silicon Valley figure, announced the return of his AI-dedicated church in an episode of Bloomberg's AI IRL podcast. Levandowski started his "Way of the Future" church in 2015 while he was working as an engineer on Google's self-driving project Waymo. The engineer was pardoned in 2021 by the outgoing president at the time, Donald Trump.

Persons: Anthony Levandowski, Levandowski, Donald Trump, —, Peter Thiel Organizations: Google, Service, Bloomberg, Trump, Peter Thiel White House, Pollen Locations: America

☆ OpenAI’s Cast of Characters
▼ + stars: | 2023-11-22 | by ( Jennifer Korn | Paul Glader | ) edition.cnn.com time to read: +12 min

Before OpenAI, Altman was president of Y Combinator, mentoring a host of founders and expanding his network in Silicon Valley. “We are encouraged by the changes to the OpenAI board,” he wrote on X on Wednesday. Mira MuratiNamed by the OpenAI board as Altman’s interim successor on Friday, Murati was replaced by Shear before the weekend was done. In September, she joined the board of directors of Shield AI, a defense technology company building AI pilot technology for aircraft. Will HurdAfter joining the OpenAI board in 2021, Hurd was the third director to exit in 2023.

Persons: OpenAI, Sam Altman, Altman, Elon, Satya Nadella, OpenAI’s ChatGPT, Kiko, Emmett Shear, Y, Nadella, ”, Mira Murati, Murati, Shear, “ Mira, ” Nadella, Ilya Sutskever, Brockman, Sutskever, “, we’ve, Adam D’Angelo D’Angelo, Mark Zuckerberg, D’Angelo, Forbes, ” Bret Taylor, Bret Taylor, Elon Musk, Taylor, Justin Kan, Tasha McCauley McCauley, Joseph Gordon, Levitt, McCauley, Greg Brockman Greg Brockman, Peter Thiel, Musk, Helen Toner Toner, AI’s, Toner, Joshua Kushner Kushner, Kushner, Jared Kushner, Karlie Kloss, Charles Kushner, Donald Trump, Larry Summers Summers, Obama, Clinton, Summers, Shivon Zilis, Zilis, Walter Isaacson, Will Hurd, Hurd, Nikki Haley, Reid Hoffman, Hoffman, OpenAI . Hoffman, He’s Organizations: CNN, Stanford University, Microsoft, OpenAI, Colby College, Dartmouth University, Tesla, Time, Phillips Exeter Academy, California Institute of Technology, Facebook, Twitter, Google, Yale University, Justin.tv, GeoSim Systems, Rand Corporation, Centre, Bard College, University of Southern, Harvard University, MIT, Elon, Georgetown’s Center for Security, Emerging Technology, Open, Oscar Health, Memphis Grizzlies, Harvard College, Harvard Business School, Republican, CIA, Allen & Company, Texas, M University, Reid Hoffman LinkedIn, PayPal, LinkedIn, Greylock Partners, SpaceX, Boring Company Locations: Silicon Valley, St, Louis , Missouri, OpenAI, Seattle , Washington, Israel, University of Southern California, North Dakota, Beijing, Georgetown, Canada, United States, Texas, Oxford

☆ A Guide to Longevity: Diet, Fitness, Drugs, Tips
▼ + stars: | 2023-11-22 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

To mature in mind alone, without the aches, pains, wrinkles, and ailments that emerge as our cells break down over time. Sam Altman, of OpenAI fame, invested $180 million in a niche startup that is trying to extend human lifespan by 10 years. Peter Thiel invested in Unity Biotechnology, which is studying senescent cells — cells that do not break down as we age. AdvertisementBusiness Insider's "Forever Young" explores the many ways we as a society are pursuing longer, healthier lives. From new drugs to supplements to lifestyle tweaks to scientific experiments, here's how scientists — and everyday people — are trying to turn back the clock on aging.

Persons: Jeff Bezos, Sam Altman, Peter Thiel Organizations: Altos Labs, Unity Biotechnology

☆ OpenAI's interim CEO once described meeting Sam Altman and immediately recognizing his business superpower
▼ + stars: | 2023-11-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

OpenAI's interim CEO Emmett Shear praised Sam Altman's dealmaking skills in a podcast interview. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSam Altman, the ex-CEO of OpenAI who got ousted from the company, is more than just the face of ChatGPT. He's also known for his business superpower as a savvy dealmaker, at least according to Emmett Shear, now interim CEO of OpenAI. "Sam Altman is really good at raising money," Shear said on the podcast.

Persons: Emmett Shear, Sam Altman's, Shear, OpenAI CEO's, Altman, —, Sam Altman, OpenAI, He's, Twitch, Logan Bartlett, Sam, Bartlett, Altman's, Y, Kevin Bacon, Peter Thiel, Rahul Vohra, Sundar Pichai, Lachy Groom Organizations: Microsoft, Service, Sprint, Verizon, Financial Times, Google Locations: Helion, Silicon Valley

☆ Palantir Wins Major U.K. Health Contract Despite Criticism
▼ + stars: | 2023-11-21 | by ( Adam Satariano | ) www.nytimes.com time to read: +1 min

Palantir, the software company founded by billionaire Peter Thiel, on Tuesday won a major contract in Britain to help overhaul the technology system of the country’s state-run health service, overcoming concerns about a firm known for its military-related work in the United States securing such a sensitive role involving patient data. The National Health Service said Palantir had been awarded the seven-year contract, worth 330 million pounds, or about $415 million, to build a new platform that integrates data from across the N.H.S. Called the Federated Data Platform, the system is intended to make it easier to share patient information and analyze wider health trends across the sprawling health service. Palantir was a controversial choice, as some doctors, civil society groups and members of Parliament had raised concerns about giving the company responsibility for building what could eventually become one of the world’s largest repositories of health data. Palantir was awarded the contract in partnership with Accenture, the business consulting firm, PwC, NECS and Carnall Farrar.

Persons: Peter Thiel, Palantir, Thiel, Donald J, Trump’s, Carnall Farrar Organizations: Tuesday, National Health Service, Federated, Accenture Locations: Britain, United States, England, Wales

☆ Sam Altman out as OpenAI CEO after board loses confidence in him
▼ + stars: | 2023-11-17 | by ( Madeline Berg | Aaron Mok | ) www.businessinsider.com time to read: +4 min

OpenAI's board announced CEO Sam Altman is out, effective immediately. "We are grateful for Sam's many contributions to the founding and growth of OpenAI," a statement from OpenAI's board said. Prior to OpenAI, Sam Altman was the president of Y Combinator, after his startup Loopt was part of the accelerator's first class. Taking the reins from Altman as interim CEO is Murati, who formerly led the technology team at OpenAI. AdvertisementIf you have any insight into the culture at OpenAI or Sam Altman, please reach out to the author at mberg@businessinsider.com.

Persons: Sam Altman, Mira Murati, —, ChatGPT, Altman, what's, OpenAI, Elon Musk, Greg Brockman, Trevor Blackwell, Reid Hoffman, Peter Thiel, Satya Nadella, Y Organizations: Service, Silicon, Microsoft, Google, MIT Technology, New Yorker, OpenAI Locations: OpenAI, openai

☆ Palantir’s mythology is far too precious
▼ + stars: | 2023-11-13 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

Yet Palantir’s top line is only expected to grow 16% this year, according to forecasts gathered by LSEG. There’s also a risk that Palantir’s ability to secure government contracts, which account for more than half its top line, will be restrained by its politics. For example, Palantir bought about $50 million of gold bars in 2021 to prepare for unpredictable “black swan” events. Also sitting on Palantir’s balance sheet are stakes in targets of special purpose acquisition companies, which it bought in exchange for purchase orders. It doesn’t take a wizard to see that in the eyes of investors Palantir is far too precious.

Persons: Peter Thiel, Alex Karp, “ Palantir, Palantir, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Reuters, Palantir Technologies, LSEG, Microsoft, Rubicon Technologies, Technologies, Thomson Locations: Snowflake, Israel, Health

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