PETER THIEL RESIGNATION
How Jeffrey Epstein ingratiated himself with Microsoft’s top ranks
Newly released Justice Department documents detail how Jeffrey Epstein cultivated relationships with Microsoft’s top executives, gaining access to internal discussions including CEO succession plans. The files outline his links to figures such as Bill Gates, Nathan Myhrvold and Reid Hoffman, and reveal how he leveraged those connections even after his 2009 conviction.
Groww enters Rs 1 lakh crore club; Ecomm looks for AI edge
Fresh off its stellar public market debut, Groww has entered the Rs 1 lakh crore club. This and more in today’s ETtech Top 5.
Young techies behind DOGE lightning rod for criticism but also youth magnet for GOP
Controversy surrounds Elon Musk's young tech team working with the US government. Critics call them unregulated threats to privacy, while supporters praise them as bright minds reducing bureaucracy. This move reflects changing political dynamics and highlights Republican efforts to attract younger voters. GOP celebrates these engineers, younger Democrats express skepticism.
Tech donor network co-founded by JD Vance seeks to push America to the right
JD Vance's journey to vice-presidential candidacy included co-founding Rockbridge Network, a Silicon Valley-backed group aiming to influence U.S. politics. Established in 2019, Rockbridge has a substantial budget to support right-wing news, voter operations, and polls, supported by wealthy tech investors. The network's role in the upcoming presidential election highlights its impact.
Tech donor network co-founded by JD Vance seeks to push America to the right
JD Vance, co-founder of Rockbridge Network, aimed to spread Trump's nationalism via right-wing news, voter engagement, and polling. Documents disclosed Rockbridge's scale and $75 million budget for 2024, showing Silicon Valley's rising influence in conservative politics. The group comprises tech investors supporting deregulation and reduced oversight in key sectors.
Reddit soars after NYSE debut: here are top things to know
Social media company Reddit made a stellar debut on the bourses. Reddit's IPO raised $748 million after it was priced at the top end of the $31 to $34 range, valuing the company at $6.4 billion. Here are key things to know.
- Go To Page 1
Reddit, the self-anointed the 'front page of the internet,' set to make its stock market debut
Reddit's IPO at $34/share on NYSE as 'RDDT' marks a significant milestone for the platform, attracting notable investors and focusing on revenue generation through various channels amidst a backdrop of challenges and past controversies.
Sam Altman’s back as OpenAI CEO; Mamaearth’s Q2 profit nearly doubles
Capping five days of high-voltage drama, OpenAI, the maker of ChatGPT, said it is bringing back Sam Altman as its CEO, along with reconstituting its board. We sum up the stunning and chaotic events which shook the technology world in today’s ETtech Top 5.
The long shadow of Steve Jobs looms over the turmoil at OpenAI
Until Friday, Altman was the CEO of OpenAI, the dominant artificial intelligence company. He promised AI would usher in humanity's first golden age even though it came from the same kind of inventors who thought there was a market for internet-connected toasters.
Inside Meta's scramble to catch up on AI
For more than a year, Meta has been engaged in a massive project to whip its AI infrastructure into shape. While the company has publicly acknowledged "playing a little bit of catch-up" on AI hardware trends, details of the overhaul - including capacity crunches, leadership changes and a scrapped AI chip project - have not been reported previously.
Sequoia Capital resigns from board of crime app Citizen
Citizen, which has previously raised about $133 million from backers including Peter Thiel’s Founders Fund, has over 9 million users and operates in 60 cities across the US
Peter Thiel to step down from Meta Platforms board
Peter Thiel, one of the social network's earliest investors, will serve as a director until Meta's annual shareholder meeting but will not to stand for re-election, the social media giant said.
Deal with it
In today's ETtech Morning Dispatch: Tata-BigBasket deal; Byju's may land new funds; and GreyOrange eyes US listing.
Big winners of Uber, Lyft IPOs won’t be the usual suspects
The filings submitted by Uber and Lyft aren’t yet public, but people familiar with each business outlined the largest shareholders.
Build a wall between Uber and Travis Kalanick: Joe Nocera
Even though Kalanick is no longer the chief executive - and even though the new CEO, Dara Khosrowshahi, has vowed to “do the right thing” - Uber has no friends.
This man is spending millions to break Elon Musk's Trump ties
Musk has become a cult of personality, and it’s understandable that loyal customers were upset when he started showing up at Trump Tower.
10 offbeat startups that are trying to make it big in India
They’ve breathed life into offbeat ideas and claim their ventures are unique and face little competition. But that’s still no guarantee of success.
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