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    Tech Investors Are the Latest to Zoom for Harris

    There was a Zoom call for cat ladies. Ones for Deadheads, Black women, white women, and then, of course, for the white dudes.And now, at long last, there was one for the venture capitalists.The latest affinity group to organize behind Kamala Harris on Wednesday represented the lowly millionaire and billionaire investors of Silicon Valley. Relative to the massive Zoom telethons that other groups had been hosting for Ms. Harris over the last two weeks, the “VCs for Kamala” call was a small group of around 600 people. But they represented some of the country’s most notable donors who have outsize influence in technology and Democratic politics.A week after publishing an open letter in support of Kamala Harris signed by more than 700 influential tech investors, a group of key backers took to Zoom to rally their peers in a way only they could: with PowerPoint presentations, startup aphorisms and a desire to make the Harris funding round “oversubscribed.” Their logo? Designed by AI, naturally.Ms. Harris, who grew up in Bay Area politics and has stronger personal relationships with tech executives and investors than did President Biden, has ushered in an enthusiasm for the Democratic ticket not seen in years. She is set to return to San Francisco for a fund-raiser this weekend, and the event is already sold out at all but the most expensive price points..On the call, Reid Hoffman, a major donor to President Biden and Ms. Harris, made the business case for supporting Ms. Harris over former President Donald J. Trump. “No chaos” was far better for business, he said. Other chief executives of major companies he has spoken to agreed, he added.Ron Conway, a billionaire investor and Silicon Valley Democratic leader, pledged on the call to match $50,000 in donations to the Harris effort. In total, the group received pledges of roughly $135,000 for the Harris campaign.John Corrigan, an organizer of the call, encouraged listeners to call their relatives in swing states and talk about politicsMr. Corrigan promised the group would reconvene in September: “After Burning Man.” More

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    Elon Musk, Reid Hoffman and Other Tech Billionaires Brawl Over Politics

    Elon Musk, Reid Hoffman and other tech billionaires, many of whom are part of the “PayPal Mafia,” are openly brawling with one another over politics as tensions rise.Less than an hour after a gunman in Butler, Pa., tried to assassinate Donald J. Trump this month, David Sacks, a venture capitalist based in San Francisco, directed his anger about the incident toward a former colleague.“The Left normalized this,” Mr. Sacks wrote on X, linking to a post about Reid Hoffman, a technology investor and major Democratic donor. Mr. Sacks implied that Mr. Hoffman, a critic of Mr. Trump who had funded a lawsuit accusing the former president of rape and defamation, had helped cause the shooting.Elon Musk, who leads SpaceX and Tesla and previously worked with Mr. Sacks and Mr. Hoffman, then weighed in on X, name-checking Mr. Hoffman and saying people like him “got their dearest wish.”In Silicon Valley, the spectacle of tech billionaire attacking tech billionaire has suddenly exploded, as pro-Trump executives and their Democratic counterparts have openly turned on each other. The brawling has spilled into public view online, at conferences and on podcasts, as debates about the country’s future have turned into personal broadsides.The animus has pit those who once worked side by side and attended each other’s weddings against one another, fraying friendships and alliances that could shift Silicon Valley’s power centers. The fighting has been particularly acute among the “PayPal Mafia,” a wealthy group of tech executives — including Mr. Hoffman, Mr. Musk, Mr. Sacks and the investor Peter Thiel — who worked together at the online payments company in the 1990s and later founded their own companies or turned into high-profile investors.Other tech leaders have also been pulled into the political spats, including Vinod Khosla, a prominent investor, and Marc Andreessen and Ben Horowitz of the Silicon Valley venture firm Andreessen Horowitz.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Hey, Siri! Let’s Talk About How Apple Is Giving You an A.I. Makeover.

    Apple, a latecomer to artificial intelligence, has struck a deal with OpenAI and developed tools to improve its Siri voice assistant, which it is set to showcase on Monday.Each June, Apple unveils its newest software features for the iPhone at its futuristic Silicon Valley campus. But at its annual developer conference on Monday, the company will shine a spotlight on a feature that isn’t new: Siri, its talking assistant, which has been around for more than a decade.What will be different this time is the technology powering Siri: generative artificial intelligence.In recent months, Adrian Perica, Apple’s vice president of corporate development, has helped spearhead an effort to bring generative A.I. to the masses, said two people with knowledge of the work, who asked for anonymity because of the sensitivity of the effort.Mr. Perica and his colleagues have talked with leading A.I. companies, including Google and OpenAI, seeking a partner to help Apple deliver generative A.I. across its business. Apple recently struck a deal with OpenAI, which makes the ChatGPT chatbot, to fold its technology into the iPhone, two people familiar with the agreement said. It was still in talks with Google as of last week, two people familiar with the conversations said.That has helped lead to a more conversational and versatile version of Siri, which will be shown on Monday, three people familiar with the company said. Siri will be powered by a generative A.I. system developed by Apple, which will allow the talking assistant to chat rather than just respond to one question at a time. Apple will market its new A.I. capabilities as Apple Intelligence, a person familiar with the marketing plan said.Apple, OpenAI and Google declined to comment. Apple’s agreement with OpenAI was previously reported by The Information and Bloomberg, which also reported the name for Apple’s A.I. system.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Technology Companies Are Cutting Jobs and Wall Street Likes It

    The sector is laying off workers after a hiring boom during the pandemic and their share prices are soaring. Tech giants like Microsoft have continued to cut jobs, even after carrying out a wave of layoffs last year.Caroline Brehman/EPA, via ShutterstockTech giants are set to report quarterly earnings, starting on Tuesday with Alphabet and Microsoft. Wall Street is expecting good news, including more progress on artificial intelligence.But the industry has also relied on another strategy to improve financials: layoffs. The cuts aren’t as widespread as last year, when hundreds of thousands of jobs were eliminated. But they’re a reminder that the tech sector is still trying to find its footing after a boom in hiring during the coronavirus pandemic and finding ways to preserve dizzying stock gains.About 100 companies have cut 25,000 positions this year, according to Layoffs.fyi. By comparison, more than 1,000 companies eliminated about 260,000 last year.So far this month: Microsoft announced 1,900 cuts in its video game division, including at its recently acquired Activision Blizzard; Google laid off hundreds of employees, including in its engineering ranks and its hardware division; and Amazon said it was laying off hundreds, including 35 percent of the work force at its Twitch unit.Not all layoffs are the same, The Times notes:For big tech companies, job cuts have been a way to reduce spending on noncore operations and extract the kind of cost savings that Wall Street loves. Now, those cuts are more targeted: In the case of Meta, that means reducing the number of middle managers at Instagram.For smaller tech businesses, it’s more a matter of survival. Start-ups have been finding it harder to raise capital as risk-averse venture capitalists keep their wallets closed. In the words of Nabeel Hyatt, a general partner at Spark Capital, these fledgling companies “are just trying to gain runway to survive.”The cuts will probably continue so long as investors love them. Wall Street has rewarded tech companies that laid off thousands with higher stock prices. Meta’s shares have soared since it embarked on a self-described “year of efficiency” last year that has made it a third slimmer employee-wise. Those cost savings, coupled with a redoubled bet on A.I., has helped push the tech giant’s market value to over $1 trillion.And venture capitalists have told DealBook that they’re ready to invest in start-ups — but that it helps if those companies have made themselves leaner. That, the investors say, will enable them to operate better in potentially difficult times.In other layoff news: Some tech workers are filming their layoffs and posting them on social media, in the name of catharsis and transparency.HERE’S WHAT’S HAPPENING Boeing withdraws efforts to expedite safety approval for a version of its 737 Max jet. The aircraft manufacturer revoked an application it made last year seeking an exemption from a safety standard for a version of its 737 Max 7. Separately, Boeing received some good news amid its latest crisis: The European airline Ryanair, one of its biggest customers, said it would buy more planes if U.S. carriers dropped their orders.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Barack Obama’s New Role: Fighting Disinformation

    The former president has embarked on a campaign to warn that the scourge of online falsehoods has eroded the foundations of democracy.SAN FRANCISCO — In 2011, President Barack Obama swept into Silicon Valley and yukked it up with Mark Zuckerberg, Facebook’s founder. The occasion was a town hall with the social network’s employees that covered the burning issues of the day: taxes, health care, the promise of technology to solve the nation’s problems.More than a decade later, Mr. Obama is making another trip to Silicon Valley, this time with a grimmer message about the threat that the tech giants have created to the nation itself.In private meetings and public appearances over the last year, the former president has waded deeply into the public fray over misinformation and disinformation, warning that the scourge of falsehoods online has eroded the foundations of democracy at home and abroad.In a speech at Stanford University on Thursday, he is expected to add his voice to demands for rules to rein in the flood of lies polluting public discourse.The urgency of the crisis — the internet’s “demand for crazy,” as he put it recently — has already pushed him further than he was ever prepared to go as president to take on social media.“I think it is reasonable for us as a society to have a debate and then put in place a combination of regulatory measures and industry norms that leave intact the opportunity for these platforms to make money but say to them that there’s certain practices you engage in that we don’t think are good for society,” Mr. Obama, now 61, said at a conference on disinformation this month organized by the University of Chicago and The Atlantic.Mr. Obama’s campaign — the timing of which stemmed not from a single cause, people close to him said, but a broad concern about the damage to democracy’s foundations — comes in the middle of a fierce but inconclusive debate over how best to restore trust online.In Washington, lawmakers are so sharply divided that any legislative compromise seems out of reach. Democrats criticize giants like Facebook, which has been renamed Meta, and Twitter for failing to rid their sites of harmful content. President Joseph R. Biden Jr., too, has lashed out at the platforms that allowed falsehoods about coronavirus vaccines to spread, saying last year that “they’re killing people.”Republicans, for their part, accuse the companies of suppressing free speech by censoring conservative voices — above all former President Donald J. Trump, who was barred from Facebook and Twitter after the riot on Capitol Hill on Jan. 6 last year. With so little agreement about the problem, there is even less about a solution.Whether Mr. Obama’s advocacy can sway the debate remains to be seen. While he has not sought to endorse a single solution or particular piece of legislation, he nonetheless hopes to appeal across the political spectrum for common ground.“You’ve got to think about how things are going to be consumed through different partisan filtering but still make your true, authentic, best case about how you see the world and what the stakes are and why,” said Jason Goldman, a former Twitter, Blogger and Medium executive who served as the White House’s first chief digital officer under Mr. Obama and continues to advise him.“There’s a potential reason to believe that a good path exists out of some of the messes that we’re in,” he added.As an apostle of the dangers of disinformation, Mr. Obama might be an imperfect messenger. He was the first presidential candidate to ride the power of social media into office in 2008 but then, as president, did little to intervene when its darker side — propagating falsehoods, extremism, racism and violence — became apparent at home and abroad.“I saw it sort of unfold — and that is the degree to which information, disinformation, misinformation was being weaponized,” Mr. Obama said in Chicago, expressing something close to regret. He added, “I think I underestimated the degree to which democracies were as vulnerable to it as they were, including ours.”Mr. Obama, those close to him said, became fixated by disinformation after leaving office. He rehashed, as many others have, whether he had done enough to counter the information campaign ordered by Russia’s president, Vladimir V. Putin, to tilt the 2016 election against Hillary Rodham Clinton.He began meeting with executives, activists and other experts in earnest last year after Mr. Trump refused to recognize the results of the 2020 election, making unfounded claims of widespread voter fraud, those who have consulted with Mr. Obama said.In his musings on the matter, Mr. Obama has not claimed to have discovered a silver bullet that has eluded others who have studied the issue. By coming forward more publicly, however, he hopes to highlight the values for corporate conduct around which consensus could form.“This can be an effective nudge to a lot of the thinking that is already taking place,” Ben Rhodes, a former deputy national security adviser, said. “Every day brings more proof of why this matters.”The location of Thursday’s speech, Stanford’s Cyber Policy Center, was intentional, bringing Mr. Obama to the heart of the industry that in many ways shaped his presidency.In his 2008 presidential campaign, he went from being an underdog candidate to an online sensation with his embrace of social media as a tool to target voters and to solicit donations. He became an industry favorite; his digital campaign was led by a Facebook co-founder, Chris Hughes, and several other tech chief executives endorsed him, including Eric Schmidt of Google.During his administration, Mr. Obama extolled the promise of tech companies to strengthen the economy with higher-skilled jobs and to propel democracy movements abroad. He lured tech employees like Mr. Goldman to join his administration and filled his campaign coffers with fund-raisers at the Bay Area homes of supporters like Sheryl Sandberg, the chief operating officer of Meta, and Marc Benioff, the chief executive of Salesforce.It was a period of mutual admiration and little government oversight of the tech industry. Though Mr. Obama endorsed privacy regulations, not a single piece of legislation to control the tech companies passed during his tenure, even as they became economic behemoths that touch virtually every aspect of life.Looking back at his administration’s approach, Mr. Obama has said he would not pinpoint any one action or piece of legislation that he might have handled differently. In hindsight, though, he understands now how optimism about online technologies, including social media, outweighed caution, according to Mr. Rhodes.“He’ll certainly acknowledge that there’s things that could have been done differently or ways we were all thinking about the tools and technologies that turned out at times to see the opportunities more than the risks,” Mr. Rhodes said.Mr. Obama’s views began to change with Russia’s flood of propaganda on social media sites like Facebook, Twitter and YouTube to stir confusion and chaos in the 2016 presidential election. Days after that election, Mr. Obama took Mr. Zuckerberg aside at a meeting of world leaders in Lima, Peru, to warn that he needed to take the problem more seriously.Once he left office, Mr. Obama was noticeably absent for much of the public conversation around disinformation.“As a general matter, there was an awareness that anything he said about certain issues was just going to ricochet around the fun house mirrors,” Mr. Rhodes said.Mr. Obama’s approach to the issue has been characteristically deliberative. He has consulted the chief executives of Apple, Alphabet and others. Through the Obama Foundation in Chicago, he has also met often with the scholars the foundation has trained; they recounted their own experiences with disinformation in a variety of fields around the world.From those deliberations, potential solutions have begun taking shape, a theme he plans to outline broadly on Thursday. While Mr. Obama maintains that he remains “close to a First Amendment absolutist,” he has focused on the need for greater transparency and regulatory oversight of online discourse — and the ways companies have profited from manipulating audiences through their proprietary algorithms.Mr. Goldman compared a potential approach to consumer protection or food safety practices already in place.“You may not know exactly what’s in a hot dog, but you trust that there is a process for meat inspections that ensures that the food sold and consumed in this country and other countries around the world are safe,” he said.In Congress, lawmakers have already proposed the creation of a regulatory agency dedicated to overseeing internet companies. Others have proposed stripping tech companies of a legal shield that protects them from liability.No proposals have advanced, though, even as the European Union has moved forward, putting into law some of the practices still merely bandied about in Washington. The union is expected to move as soon as Friday on new regulations to impose audits of algorithmic amplification.Kyle Plotkin, a Republican strategist and former chief of staff to Senator Josh Hawley of Missouri, said Mr. Obama “can be a polarizing figure” and could inflame, not calm, the debate over disinformation.“Adoring fans will be very happy with him weighing in, but others won’t,” he said. “I don’t think he will move the ball forward. If anything, he moves the ball backward.” More