Search results for Peter Thiel
Industry
UNC endowment annual return tops 30 percent as pre-IPO SpaceX bet pays off
The University of North Carolina endowment posted an annual return of more than 30 percent through June, with an early investment in SpaceX cited as a key driver. The stake reportedly grew to about 10 percent of the fund before any listing. Former UNC-Chapel Hill chancellor Holden Thorp, who once opposed the bet, later acknowledged he was wrong. Similar rebounds in private tech holdings are also being cited at other U.S. university endowments.
World
Big tech CEOs say college not essential, offer in-house training as alternative
Some big tech chief executives are urging young people to consider paths other than college, Axios reported on Aug. 15. The CEOs challenge the idea that a four-year degree is essential and offer their own alternative programmes. Tesla CEO Elon Musk has said college is not for learning. Palantir runs a four-month fellowship that can lead to full-time jobs, while investor Peter Thiel funds youth projects through the Thiel Fellowship.
Crypto
U.S. OCC reaffirms push to expand new bank charters, quickening crypto firms\' entry
The U.S. Office of the Comptroller of the Currency has reaffirmed its policy of promoting de novo bank charters, accelerating crypto firms’ entry into the federal banking system. Ripple, Circle, Crypto.com and Paxos have received conditional approvals linked to national trust bank charters, while Coinbase’s application is under review. Traditional banking groups have urged the OCC to reject or slow such applications, citing risk management, internal controls and governance concerns.
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Games & Commerce
Naver invests in offshore AI data center startup Pantalasa
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AI & Enterprise
White House science tech adviser says AI job fears are exaggerated, companies shift blame
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AI & Enterprise
Samsung to float AI data centres at sea, eyes commercialisation in 2028
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Finance
SpaceX IPO creates billionaires beyond Elon Musk
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AI & Enterprise
Founders Fund unveils card game show featuring Sam Altman and Palmer Luckey
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AI & Enterprise
Germany excludes Palantir from military AI solution
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AI & Enterprise
Silicon Valley capital moves into news as a16z backs live-streaming MTS
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Crypto
Founders Fund sells entire stake in Ethereum treasury firm ETHZilla
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Finance
Capital One to acquire B2B fintech Brex for $5.15 billion