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Articles related to "businessinsider"


Andreessen Horowitz's newest general partner left a lasting impression on Chance the Rapper after she helped him enter the Chinese market

  • Venture capitalist Connie Chan is known in Silicon Valley for her expertise on the Chinese tech market.
  • But it turns out she also knows a thing or two about the international rap scene.
  • That factoid was revealed Tuesday by her boss, Andreessen Horowitz cofounder Ben Horowitz, in a blog post announcing her promotion to general partner of the firm.
  • Chan, who focuses on consumer startups, joined the firm in 2011 as an analyst before getting an unprecedented promotion to a top spot this week.

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Google eliminates Nest's CEO and tucks the once promising 'Other Bet' into another group

  • Google has removed the CEO of its Nest unit, which makes internet-connected thermostats and other devices, and will fold the business into another team within the company.
  • The shakeup is the latest strategic overhaul at Nest, which Google acquired for $3.2 billion in 2014 and was once considered one of the flagship standalone companies under the Alphabet umbrella organization.
  • According to CNET, which first reported the news, the change at Nest came after Google received complaints from employees about Fawaz's leadership, which anonymous sources described as more of an "operations manager" than a leader.
  • The Nest team will be integrated into Google's home devices division under the leadership of Rishi Chandra, vice president of product management and general manager of home products.
  • It was only six months ago that Nest operated as a separate division within Google's parent company Alphabet.

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An open letter to Elon Musk

  • In order to realize your mission, Tesla needs access to capital and the confidence of investors.
  • In our view, your outburst at analysts on the March 2018 earnings call, your ongoing frustration with short sellers and the media, your June email exchange with the saboteur, and your confrontation on Twitter with cave diver Vern Unsworth each raised flags with investors.
  • It's hard to imagine the responsibility and strain of managing several world-changing companies, but I'm confident that this letter represents the view of investors and customers who want to see you succeed.
  • Gene Munster is a managing partner at Loup Ventures, a research-driven, early stage venture capital firm investing in virtual reality, augmented reality, artificial intelligence and robotics.
  • Loup Ventures Disclaimer: we actively write about the themes in which we invest: virtual reality, augmented reality, artificial intelligence, and robotics.

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Andreessen Horowitz's newest general partner left a lasting impression on Chance the Rapper after she helped him enter the Chinese market

  • Venture capitalist Connie Chan is known in Silicon Valley for her expertise on the Chinese tech market.
  • But it turns out she also knows a thing or two about the international rap scene.
  • That factoid was revealed Tuesday by her boss, Andreessen Horowitz cofounder Ben Horowitz, in a blog post announcing her promotion to general partner of the firm.
  • Chan, who focuses on consumer startups, joined the firm in 2011 as an analyst before getting an unprecedented promotion to a top spot this week.

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Chatbots' impact on the payments ecosystem and how merchants can capitalize on them

  • One way they've been accessing consumers on these platforms is through chatbots, or software programs that use business-to-consumer (B2C) text-based messaging as an interface through which customers can communicate with merchants in a question-and-answer format.
  • But there's considerable friction — in chat apps, payments offerings are limited, which means users who might be browsing in a messaging app will still be redirected to another app or the mobile web to complete a purchase.
  • This is creating an opportunity for payments processors and card networks, which are beginning to partner with merchants to capture potential volume from chat apps.
  • But improvements in the ecosystem, combined with rising consumer appetite for these services and increasing trust, will eventually lead to moderate gains in usage that open up a massive volume opportunity for Western firms.
  • Business Insider Intelligence, Business Insider's premium research service, has put together a detailed report on chatbots' role in the payments ecosystem.

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Google eliminates Nest's CEO role and tucks the once promising 'Other Bet' into another business group

  • Google has removed the CEO of its Nest unit, which makes internet-connected thermostats and other devices, and will fold the business into another team within the company.
  • The shakeup is the latest strategic overhaul at Nest, which Google acquired for $3.2 billion in 2014 and was once considered one of the flagship standalone companies under the Alphabet umbrella organization.
  • According to CNET, which first reported the news, the change at Nest came after Google received complaints from employees about Fawaz's leadership, which anonymous sources described as more of an "operations manager" than a leader.
  • The Nest team will be integrated into Google's home devices division under the leadership of Rishi Chandra, vice president of product management and general manager of home products.
  • It was only six months ago that Nest operated as a separate division within Google's parent company Alphabet.

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Photo shows the moment John Kelly accidentally turned off the lights as Trump backed down from his election meddling comments

  • A photo taken by Washington Post photographer Jabin Botsford shows the moment White House chief of staff John Kelly accidentally turned off the lights as President Donald Trump spoke to reporters at the White House on Tuesday.
  • Trump's correction took place a day after his joint press conference with Russian President Vladimir Putin.
  • During his summit, Trump failed to back US intelligence assessments and stopped short of condemning Russia's election interference.

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Here's how San Francisco's housing market took a turn toward crisis

  • In SF, rent control only applies to older multi-family buildings.
  • Even rent-controlled units are becoming less affordable: of the 160,000 rent-controlled units in 2015, about 100,000 units were rented at rates that would be affordable to households earning less than 80% of the Area Median Income (AMI), down from 140,000 in 1990.
  • A household of two that earns less than 80% of AMI, according to the Mayor's Office of Housing and Community Development, currently makes $75,750 or less a year.
  • And of them, 82% are now high-income households earning 200% or more of AMI (for a household of 2 = $189,400).
  • The number of high-income workers earning 200% or more of AMI has surged by 240% since 1990 with over half of that increase coming since 2000.
  • Households earning less than 50% of AMI ($47,350 for a household of 2) face a situation where housing costs consume 50% or more of income.

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The Trump administration is reportedly nearing a move that could result in tariffs on uranium imports

  • The Trump administration is about to set off an investigation that could result in tariffs on imported uranium, according to a new report.
  • Bloomberg reported Tuesday that the Commerce Department is nearing a decision to launch an investigation under Section 232 of the Trade Expansion Act into the national security risks of imported uranium.
  • That type of investigation was also the method the Trump administration used to impose tariffs on steel and aluminum imports.
  • US uranium miners Energy Fuels and Ur-Energy requested the investigation, saying the US's reliance on foreign uranium poses a threat to national security.
  • Paul Goranson, COO at Energy Fuels, told Bloomberg that the reliance on uranium from state-owned companies that "obviously have different global strategic objectives than we do" should prompt action.
  • In addition to the steel and aluminum tariffs, the Trump administration has hit $34 billion worth of Chinese imports to the US with tariffs.

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15 interesting and unexpected Prime Day deals you would never find yourself

  • The Insider Picks team writes about stuff we think you'll like.
  • Prime Day 2018 is ending tonight, but take it from us — there are still plenty of deals to take advantage of.
  • We've been covering Amazon's sale non-stop, finding you everything from the top deals overall to the best tech deals, and the 100 products on sale that we've recommended in our buying guides to the underrated ones you might not think about, like the best Prime Day bulk item deals.
  • Keep in mind that you have to have an Amazon Prime membership in order to take advantage of the deals, so if you haven't already, you might want to sign up for a free 30-day trial membership to get started.
  • Other ways to get Prime include a six-month free trial plus 50% off for students with a .edu email address.

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