Billionaire investor Chamath Palihapitiya is stepping down as chairman of Virgin Galactic, the space tourism company announced on Friday. Virgin Galactic went public in 2019 via one of Palihapitiya’s special purpose acquisition companies. Palihapitiya, who earned the nickname “SPAC King” for his rapid-fire blank-check deals, has launched 10 SPACs. Four of them have merged with targets,...
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Don’t Build the Wrong Kind of AI Business
At a catch-up coffee a few weeks ago, a founder friend asked me, “What AI thing should we build?” It was the third time that week a founder had asked me the same question. Generative artificial intelligence is 99% of the buzz in Silicon Valley right now. In just the last few weeks, Open AI released GPT-4, its most advanced language model to date; Google announced AI for the...
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