News

A list of all the powerful people moving to Florida

The Trump family left Washington, DC on Wednesday for Florida. They join a growing list of powerful figures, from tech titans to Wall Street heavyweights, who have decamped to the Sunshine State amid the pandemic. Here are the most notable transplants making moves in Palm Beach and Miami, from billionaire […]
A list of all the powerful people moving to Florida
Tech

Elon Musk, Jeff Bezos, and Google: The last 4 years in tech

Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. Soundtrack: For maximum enjoyment of this newsletter, we recommend The Pharcyde’s “If […]
Elon Musk, Jeff Bezos, and Google: The last 4 years in tech
Tech

Trump pardoned ex-Google engineer Anthony Levandowski, who faced 18 months in prison for stealing trade secrets before working for Uber

Donald Trump has pardoned an ex-Google engineer facing 18 months in prison for stealing trade secrets. Anthony Levandowski was at the heart of a long-running court battle between Google and Uber. Silicon Valley heavyweights including PayPal cofounder and venture capitalist Peter Thiel pushed for Levandowski’s pardon. Visit Business Insider’s homepage […]
Trump pardoned ex-Google engineer Anthony Levandowski, who faced 18 months in prison for stealing trade secrets before working for Uber
Tech

Silicon Valley elites are fleeing the region for states like Texas and Florida, but that shouldn’t be surprising — it’s the culmination of a culture clash that has been brewing in the tech industry for years

Since the onset of the pandemic, tech’s elite and major firms like HP and Oracle have begun moving out of the Bay Area. Palantir, Oracle, and HP have all moved their headquarters to other states, and Elon Musk, Drew Houston, Larry Ellison, and Keith Rabois have all decided to leave […]
Silicon Valley elites are fleeing the region for states like Texas and Florida, but that shouldn’t be surprising — it’s the culmination of a culture clash that has been brewing in the tech industry for years
Tech

Rep. Alexandria Ocasio-Cortez asked the SEC to investigate secretive data firm Palantir before it hit the stock exchange

Rep. Alexandria Ocasio-Cortez wrote a letter to the Securities and Exchange Commission asking for the agency to investigate the data-mining company Palantir ahead of its stock-market debut, which it made on Wednesday. Among the congresswoman’s concerns is Palantir’s longtime penchant for secrecy, which she wrote could hurt future investors. Other […]
Rep. Alexandria Ocasio-Cortez asked the SEC to investigate secretive data firm Palantir before it hit the stock exchange
Tech

Palantir’s big day and the six degrees of Peter Thiel

Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. If you’re not already subscribed, click here to get Insider Tech in your inbox every week. This week: Palantir’s long path and the omnipresence of Peter Thiel Today is […]
Palantir’s big day and the six degrees of Peter Thiel
Tech

Palantir publicly filed for an IPO

Palantir has joined the initial public offering parade. The secretive data analytics company publicly filed its IPO paperwork on Tuesday, becoming only the latest tech startup to do so in recent days. The company didn’t say how many shares it plans to sell or offer a price range for them, […]
Palantir publicly filed for an IPO
Tech

HHS is paying Peter Thiel’s Palantir $24.9 million to track coronavirus. Lawmakers want to know if it’s using that data to help ICE deport people.

Fifteen Latino lawmakers are demanding answers about the Department of Health and Human Services’ $US24.9 million coronavirus contract with Palantir, a company that has contracts with ICE. Palantir is a data-mining firm founded by Trump megadonor Peter Thiel. It makes software that aggregates information on millions of people, including employment […]
HHS is paying Peter Thiel’s Palantir $24.9 million to track coronavirus. Lawmakers want to know if it’s using that data to help ICE deport people.
Tech

Silicon Valley’s elite wants yet again to abandon land and live on floating cities in the middle of the ocean that operate outside of existing governments

The founder of a Silicon Valley think tank promoting the construction of seasteads – or floating cities that operate independently of existing governments – told The Telegraph that he’s seeing an increase in interest. The news comes as the COVID-19 pandemic has caused an upheaval of office culture, allowing employees […]
Silicon Valley’s elite wants yet again to abandon land and live on floating cities in the middle of the ocean that operate outside of existing governments
Lifestyle

Meet the billionaires bankrolling Trump’s 2020 campaign

President Donald Trump has fewer billionaire supporters than his presumptive opponent, former Vice President Joe Biden – despite Trump being a billionaire himself. The wife of a disgraced investor who was granted clemency by Trump gave the president’s campaign $US12,500. The billionaire founders of Ashley Furniture and Jimmy John’s each […]
Meet the billionaires bankrolling Trump’s 2020 campaign
Tech

Secretive big data company Palantir is reportedly providing software to help the CDC track the coronavirus pandemic, even as critics slam its work with ICE

Palantir is providing the CDC with software to help it monitor the spread of COVID-19 and assess how hospitals are dealing with spikes in new cases, Forbes reported Tuesday. Palantir’s software uses data from hospitals and public health agencies – such as test results, bed capacity, and ventilator supply – […]
Secretive big data company Palantir is reportedly providing software to help the CDC track the coronavirus pandemic, even as critics slam its work with ICE
Tech

Insiders say a Palantir exec claimed profitability and compared Project Maven to the nuclear bomb in January all-hands

Palantir executive Shyam Sankar described the company’s work developing AI targeting capabilities for drones as “this generation’s Manhattan Project,” according to two people familiar with the comments. The comments, made during a January all-hands meeting, come as the company expands its work on “Project Maven,” a department of defence project […]
Insiders say a Palantir exec claimed profitability and compared Project Maven to the nuclear bomb in January all-hands
Tech

The Saudi crown prince accused of hacking Jeff Bezos’ phone met with more than a dozen tech execs and celebs during the same US trip. From Tim Cook to Oprah, here’s everyone Mohammed bin Salman met with.

There’s a chance Apple CEO Tim Cook, Google founders Larry Page and Sergey Brin, and venture capitalist Peter Thiel are having their phones examined right about now after fresh reports about the hacking of Jeff Bezos’ phone. A forensic analysis commissioned by Bezos suggests that it was likely his phone […]
The Saudi crown prince accused of hacking Jeff Bezos’ phone met with more than a dozen tech execs and celebs during the same US trip. From Tim Cook to Oprah, here’s everyone Mohammed bin Salman met with.
News

‘Hillbilly Elegy’ author is launching a $125 million VC fund in America’s heartland with backing from Peter Thiel and Marc Andreessen

JD Vance, the bestselling author of “Hillbilly Elegy,” has launched a new venture-capital fund as part of his continued efforts to restore prosperity to America’s heartland. The fund, Narya Capital, is targeting $US125 million and has already raised $US93 million from Silicon Valley royaltly like Marc Andreessen, former Google exec […]
‘Hillbilly Elegy’ author is launching a $125 million VC fund in America’s heartland with backing from Peter Thiel and Marc Andreessen
Tech

Mark Zuckerberg is reportedly taking advice on political decisions, including how the company handles political ads, from Trump adviser and Facebook board member Peter Thiel

Peter Thiel, a longtime Facebook board member and adviser to President Donald Trump, has been advising Facebook CEO Mark Zuckerberg on political matters, including the company’s decision not to fact-check political ads, according to a new report from The Wall Street Journal. Zuckerberg, Thiel, and President Trump also shared a […]
Mark Zuckerberg is reportedly taking advice on political decisions, including how the company handles political ads, from Trump adviser and Facebook board member Peter Thiel
Tech

The ‘PayPal Mafia’ formed in the early 2000s, and includes everyone from Elon Musk to the Yelp founders. Here’s where the original members have ended up.

Since working at PayPal in the early 2000s, these 23 entrepreneurs have all gone on to impact Silicon Valley and the startup world by founding companies and backing new ventures. Known for their entrepreneurial mindset and anti-establishment attitude, this elite group is known as the “PayPal Mafia.” Some are household […]
The ‘PayPal Mafia’ formed in the early 2000s, and includes everyone from Elon Musk to the Yelp founders. Here’s where the original members have ended up.
Tech

Palantir’s tech was used by ICE in the controversial arrests of 680 people at a Mississippi chicken farm according to an immigrants’ rights group

Immigration activist group Mijente is about to publish a blog post accusing Palantir of supplying tech used in ICE’s biggest workplace raid this summer. The group believes Palantir tech was used during the controversial raid on chicken processing plants where 680 immigrants were arrested. Mijente has been pounding the drums […]
Palantir’s tech was used by ICE in the controversial arrests of 680 people at a Mississippi chicken farm according to an immigrants’ rights group
Tech

Peter Thiel’s venture fund just announced Hereticon, a conference for ‘troublemakers’ to discuss immortality, doomsday prepping, and UFOs

On Tuesday, Founders FundannouncedHereticon, a conference in New Orleans for “dissenting thinkers.” The conference will run for three days in May 2020, according to a blog post announcing the news. The conference will include discussions on topics that would be “banned from other conferences,” such as immortality, doomsday preparation, biological […]
Peter Thiel’s venture fund just announced Hereticon, a conference for ‘troublemakers’ to discuss immortality, doomsday prepping, and UFOs
Tech

The FBI is reportedly investigating Facebook board member Peter Thiel’s venture capital firm over allegations of ‘financial misconduct’

The FBI has opened an investigation into a venture capital firm cofounded by millionaire investor and Facebook Peter Thiel, Recode reported Thursday. Mithril Capital is reportedly being investigated over concerns of “financial misconduct.” A Mithril spokesperson chalked this episode up to nothing more than “a foiled plot by a self-serving […]
The FBI is reportedly investigating Facebook board member Peter Thiel’s venture capital firm over allegations of ‘financial misconduct’
Tech

Palantir’s IPO could be delayed until 2023 as the embattled, Peter Thiel-founded data firm looks overseas for private funding

The controversial data-analytics company Palantir may be pumping the brakes on going public. On Thursday, Bloomberg reported that the Palo Alto, California-based tech firm was in talks with private investors to raise “significant funding.” Previously, Palantir was reportedly targeting an initial public offering in 2020. Bloomberg said Palantir’s cofounder and […]
Palantir’s IPO could be delayed until 2023 as the embattled, Peter Thiel-founded data firm looks overseas for private funding
Tech

‘It’s like North Korea’: Peter Thiel responds to Twitter’s ‘totalitarian’ decision to temporarily block Mitch McConnell’s campaign account

In an interview with “Fox and Friends” Friday morning, billionaire tech investor Peter Thiel responded to Twitter‘s recent decision to temporarily block Senate Majority Leader Mitch McConnell’s reelection campaign account. “There’s an outside story of what happens on Twitter to the outside world,” Thiel said. “And then there’s an inside […]
‘It’s like North Korea’: Peter Thiel responds to Twitter’s ‘totalitarian’ decision to temporarily block Mitch McConnell’s campaign account
Lifestyle

Millionaires are dropping tens of thousands on ‘young blood’ transfusions and cryonic preservation. Here are 5 ways the wealthy are investing in trying to live forever

The ultra-wealthy are dropping tens of thousands of dollars on preventative measures and treatments meant to help them live forever – or at least, as long as possible. “Young blood” transfusions,cryonic preservation, and “apocalypse insurance” are a few of the ways billionaires and Silicon Valley tech moguls are investing in […]
Millionaires are dropping tens of thousands on ‘young blood’ transfusions and cryonic preservation. Here are 5 ways the wealthy are investing in trying to live forever
Tech

Peter Thiel called for an investigation into Google’s China dealings, but Trump has found no reason for concern, according to the Treasury Secretary

Treasury Secretary Steven Mnuchin said on Wednesday that he and President Trump had found no evidence of Google working with the Chinese government in a way that raised concerns. Mnuchin’s comments come after tech billionaire Peter Thiel said earlier this month that Google been “seemingly treasonous” for its decision to […]
Peter Thiel called for an investigation into Google’s China dealings, but Trump has found no reason for concern, according to the Treasury Secretary
Tech

Palantir, a secretive tech company started by members of the ‘PayPal mafia’ with close ties to the Trump administration, could be one of the biggest tech IPOs ever. Take a closer look at how it makes money

Palantir has confidentially filed a draft of its S-1 paperwork for its planned IPO listing, the company announced Monday. Activists have long protested the $US20 billion big-data company for the ICE’s use of its software to gather, store, and search for data on undocumented immigrants, and reportedly played a role […]
Palantir, a secretive tech company started by members of the ‘PayPal mafia’ with close ties to the Trump administration, could be one of the biggest tech IPOs ever. Take a closer look at how it makes money
Tech

Peter Thiel slams Google’s ‘seemingly treasonous’ links to China, which he says should be investigated in a ‘not excessively gentle manner’

Peter Thiel gave the opening speech at the National Conservatism conference on Sunday. He used the speech to go after Google for its “seemingly treasonous” relationship with China. Thiel said the FBI and CIA should investigate Google in a “not excessively gentle manner.” Visit Business Insider’s homepage for more stories. […]
Peter Thiel slams Google’s ‘seemingly treasonous’ links to China, which he says should be investigated in a ‘not excessively gentle manner’
News

Floating cities are getting far closer to reality than ever before — but they won’t be the libertarian utopias billionaires have proposed

For decades, floating cities have been part of a utopian vision to build societies that operate independently of government. Organisations like the Seasteading Institute aim to create peaceful, self-sufficient communities at sea – but they have faced multiple obstacles. In April, a United Nations roundtable entertained an idea for a […]
Floating cities are getting far closer to reality than ever before — but they won’t be the libertarian utopias billionaires have proposed
Tech

The 23 most powerful LGBTQ+ people in tech

Tim Cook is arguably the most prominent LGBTQ+ person in tech, but he isn’t the only one. There are LGBTQ+ identifying individuals in prominent roles as venture capitalists, diversity in tech advocates, and C-suite level executives at large tech companies like IBM and Microsoft. Here are 23 of the most […]
The 23 most powerful LGBTQ+ people in tech
Markets

A German fintech startup backed by Peter Thiel has raised $100 million

Deposit Solutions has raised $US100 million at a $US500 million valuation. The German startup lets banks access capital from rival lenders in exchange for offering better interest rates to customers at the lender bank. The startup has signed up over 70 banks across Europe to its platform, and is backed […]
A German fintech startup backed by Peter Thiel has raised $100 million
Markets

New Zealand has banned foreigners from buying homes in the country

New Zealand’s government has banned foreigners from purchasing existing homes in the country. The Overseas Investment Amendment was passed by parliament on Wednesday and is designed to make housing more affordable for nationals. “This government believes that New Zealanders should not be outbid by wealthier foreign buyers,” the associate finance […]
New Zealand has banned foreigners from buying homes in the country
Tech

Here are the top 3 qualities you need to succeed, according to a high school dropout who became a venture capitalist at one of Silicon Valley’s most prominent firms

Cyan Banister is a self-taught engineer, entrepreneur, and angel investor. Banister made early bets on companies like Uber, SpaceX, and Postmates. Now, she manages multi-millionaire dollar deals at Peter Thiel’s venture firm Founders Fund. But Banister didn’t have a traditional education: She dropped out of high school as a teenager […]
Here are the top 3 qualities you need to succeed, according to a high school dropout who became a venture capitalist at one of Silicon Valley’s most prominent firms
Tech

Oculus founder Palmer Luckey’s defence startup rounded up high-profile investors to build a high-tech border wall

Oculus founder Palmer Luckey founded a defence company called Anduril which hopes to secure the Mexican-Amerian border with a high-tech “virtual” wall. The company has received funding from high-profile investors including Founders Fund and controversial software company Palantir. Palmer Luckey, the controversial Oculus VR founder who departed the company for […]
Oculus founder Palmer Luckey’s defence startup rounded up high-profile investors to build a high-tech border wall
Tech

Peter Thiel: ‘There are no successful tech companies in Europe’

Technology investor Peter Thiel said on Thursday that “there are no successful tech companies in Europe” and blamed Europe’s ongoing efforts to regulate tech companies on jealousy of larger companies in the US. The Guardian reports that Thiel spoke at the Economic Club of New York, and he discussed topics […]
Peter Thiel: ‘There are no successful tech companies in Europe’
Tech

Peter Thiel thinks that bitcoin will be the one cryptocurrency to rule them all

Tech investor Peter Thiel talked cryptocurrencies, the potential outcome of the 2020 election, and Silicon Valley’s insulated culture during a fireside chat at the Economic Club of New York on Thursday. Thiel, an early bitcoin investor, predicted there will be one leading future cryptocurrency that will be the digital equivalent […]
Peter Thiel thinks that bitcoin will be the one cryptocurrency to rule them all
Tech

Peter Thiel is moving out of Silicon Valley and might leave Facebook’s board after his relationship with Mark Zuckerberg soured over his support of Trump

Venture capitalist Peter Thiel is moving to Los Angeles and considering leaving Facebook’s board of directors, according to The Wall Street Journal. Thiel’s political leanings came under fire from many in Silicon Valley after the US presidential election because of his open support for President Donald Trump. Despite saying he […]
Peter Thiel is moving out of Silicon Valley and might leave Facebook’s board after his relationship with Mark Zuckerberg soured over his support of Trump
News

Netflix’s CEO reportedly offered to resign from Facebook’s board after slamming Peter Thiel’s support of Trump — but Mark Zuckerberg said ‘no’

Netflix CEO Reed Hastings reportedly offered to resign from Facebook’s board over his disagreement with Peter Thiel’s support of then-presidential candidate Donald Trump, according to The Wall Street Journal. Facebook CEO Mark Zuckerberg declined Hastings’ offer to resign. Thiel is reportedly scaling back his involvement in Silicon Valley and moving […]
Netflix’s CEO reportedly offered to resign from Facebook’s board after slamming Peter Thiel’s support of Trump  —  but Mark Zuckerberg said ‘no’
Markets

CRYPTO INSIDER: Alt-coins take over

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. The overall value of the global cryptocurrency market surpassed $US700 billion on Wednesday to reach a fresh all-time high, […]
CRYPTO INSIDER: Alt-coins take over
News

WHERE ARE THEY NOW: Trump’s first 10 big-name endorsements

President Donald Trump values loyalty above most other qualities. “Loyalty is extremely important to me,” Trump wrote in his 2015 book, “Great Again: How to Fix Our Crippled America.” “My family and close friends will say that I am loyal to a fault.” When Trump delivered a speech in Salt […]
WHERE ARE THEY NOW: Trump’s first 10 big-name endorsements
News

WHERE ARE THEY NOW: Trump’s first 10 big-name endorsements

President Donald Trump values loyalty above most other qualities. “Loyalty is extremely important to me,” Trump wrote in his 2015 book, “Great Again: How to Fix Our Crippled America.” “My family and close friends will say that I am loyal to a fault.” When Trump delivered a speech in Salt […]
WHERE ARE THEY NOW: Trump’s first 10 big-name endorsements
News

Before billionaire LinkedIn founder Reid Hoffman met Peter Thiel in college, the ‘pinko commie’ had heard of the ‘libertarian wacko’ — now, they have been friends for 30 years

Reid Hoffman and Peter Thiel have been been friends for 30 years and worked together at PayPal. From the day they met at Stanford, they were ideological opposites. The results of their friendship have made them two of the most influential people in Silicon Valley. To a casual observer, the […]
Before billionaire LinkedIn founder Reid Hoffman met Peter Thiel in college, the ‘pinko commie’ had heard of the ‘libertarian wacko’  —  now, they have been friends for 30 years