The arrival of the internet unleashed a wave of creativity as users found new ways to make and mix culture, but it also delivered an economic blow to authors, musicians, and news outlets. Much of the revenue that had once flowed to content producers got gobbled by tech platforms like Facebook and Google. Now, at
(Bloomberg) — Elon Musk’s X attracted investment from a plethora of big names from Silicon Valley to global finance including Sean “Diddy” Combs and billionaire Larry Ellison, according to a court document unsealed Wednesday. Most Read from Bloomberg Many of the investors listed, such as Twitter co-founder Jack Dorsey and venture capital houses Andreessen Horowitz
Billionaire venture capital investor Ron Conway reportedly cut ties with a cryptocurrency super PAC called Fairshake after the group said it would support the Republican running against Sen. Sherrod Brown (D-Ohio), according to a Politico report. Brown is the longtime chair of the Senate banking committee and has raised concerns about cryptocurrency in the past,
Elon Musk at the Milken Institute’s Global Conference at the Beverly Hilton Hotel on May 6, 2024 in Beverly Hills, California.Photo: Apu Gomes (Getty Images) After announcing that supercluster training has started at his “gigafactory of compute,” Elon Musk is asking if his artificial intelligence startup should get an investment from one of this other
The distance between Silicon Valley and the Pentagon just keeps getting smaller. As venture capitalists continue to pour money into defense tech startups, they’re turning to a new hiring pool: veterans and ex-Department of Defense officials. Andreessen Horowitz hired Matt Shortal, an ex-fighter jet pilot, as its chief of staff; Lux Capital brought on Tony
Donald Trump recently called himself the “crypto president,” pulling a complete 180 from the days when he referred to crypto as a scam. And it’s causing quite a lot of confusion in an already hectic presidential race where the former president is neck-and-neck in the polls with President Joe Biden. Why Do People Buy into