Business Peter Thiel


  • SAN FRANCISCO, Feb 8- Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker Conrad and appointed a new leader for the troubled tech company. David Sacks, a former executive at Yammer and PayPal who joined Zenefits a year ago as chief operating officer, has taken over as CEO. Recently, Zenefits came under...


  • SAN FRANCISCO, Dec 23- Palantir Technologies, a data analytics and security company that helps government agencies track down terrorists and uncover financial fraud, said on Wednesday it has raised $880 million in its latest financing round. The Palo Alto, California- based company raised another $200 million on top of the $679.8 million since the round began...

  • SAN FRANCISCO/ BENGALURU, Dec 11- Some of the most prominent executives in the technology industry, including Tesla Motors Inc CEO Elon Musk, are backing a non-profit artificial intelligence research company with funding of $1 billion. OpenAI's list of donors include PayPal Holding Inc co-founder Peter Thiel, LinkedIn Corp co-founder Reid Hoffman and Musk...

  • Dec 11- Elon Musk, chief executive of electric carmaker Tesla Motors, on Friday unveiled OpenAI, a non-profit artificial intelligence research company that is backed by other prominent names from the technology world. OpenAI's list of donors include PayPal Holding Inc co-founder Peter Thiel, LinkedIn Corp co-founder Reid Hoffman and Musk himself among...

  • Dec 11- Elon Musk, chief executive of electric carmaker Tesla Motors, on Friday unveiled OpenAI, a non-profit artificial intelligence research company. OpenAI will be co-chaired by Musk and technology venture capitalist Sam Altman, according to a blog post. OpenAI will receive up to $1 billion in funding from various backers including Musk, Amazon Web Services,...

  • Number26 is entering France, Italy, Spain, Slovakia, Greece and Ireland, the latter being a test for moving into Britain, and eventually plans to develop a continent-wide bank. Founded by two Austrians and based in Berlin, the company revealed plans to offer a MasterCard and basic current accounts via a license from its partner Wirecard Bank of Germany, which...

  • Oct 14- Peter Thiel, the Silicon Valley investor who co-founded PayPal and invested in Facebook in 2004, has now invested in BuildZoom, a Y Combinator-backed startup that helps U.S. customers find contractors for remodeling projects. BuildZoom, started in 2011 by childhood friends Jiyan Wei and David Petersen, has now raised $14.3 million since 2013, when it...

  • Is the search for immortality a rich man's game? Saturday, 11 Jul 2015 | 9:00 AM ET
    Ben Kingsley and Ryan Reynolds in a scene from the movie “Self/less”

    Technology and medicine are probing the boundaries of mortality. So can only the rich afford to drink from the fountain of youth?

  • Hedge fund pros thrilled by gay marriage ruling Friday, 26 Jun 2015 | 3:27 PM ET
    Founder and president of the Elliot Management Corp., Paul Singer, speaks during The New York Times DealBook Conference on Dec. 11, 2014, in New York City.

    Hedge fund managers like Paul Singer, Dan Loeb and Seth Klarman have been big backers of gay marriage in recent years.

  • How to legally invest in pot companies Monday, 22 Jun 2015 | 10:10 AM ET
    Medical marijuana growing in Denver

    Want to invest in pot? Here's what might provide the best investment opportunities while keeping you out of jail.

  • Bill Gates backs high-tech foods for the masses Thursday, 14 May 2015 | 10:00 AM ET
    food laboratory

    Food-tech companies are creating meat and dairy substitutes to meet global food demand. Will consumers have an appetite for these products?

  • Disruptor 50: No. 7 Palantir Technologies Tuesday, 12 May 2015 | 7:00 AM ET
    Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc.

    The FBI and CIA are clients of this secretive Silicon Valley firm that mines data for intelligence on cybercrime and fraud.

  • Disruptor 50: No. 17 Oscar Tuesday, 12 May 2015 | 7:00 AM ET
    (Left to right) Mario Schlosser, Kevin Nazemi and Josh Kushner of Oscar

    This company is setting itself apart from other health insurers by emphasizing technology, data and its easy-to-understand services.

  • Forbes top tech investors unveiled Wednesday, 25 Mar 2015 | 6:53 AM ET
    Forbes top tech investors unveiled

    Bruce Upbin, Forbes technology editor, reveals the names of top tech investors with the Midas touch.

  • Why pot entrepreneurs are moving to Canada Friday, 20 Mar 2015 | 11:40 AM ET
    A worker at Privateer Holdings facility on Vancouver Island, Canada.

    In Canada, marijuana business owners can put their cash into a bank account instead of a vault, and they wear "clean suits" in growing facilities.

  • The quiet start-up inking million-dollar deals Monday, 16 Mar 2015 | 9:48 AM ET
    Quid offices

    The seven-figure deal. It's the holy grail of software. For a small start-up like Quid, it marks entry into the big leagues.

  • Peter Thiel's fund buys into marijuana business Friday, 9 Jan 2015 | 2:19 AM ET

    Peter Thiel's Founders Fund is investing in Privateer Holdings, a marijuana company that owns several pot-related brands.

  • Peter Thiel eying pot-related investment: Source Tuesday, 16 Dec 2014 | 3:06 PM ET
    Peter Thiel, co-founder of Palantir.

    Peter Thiel is considering a multimillion dollar stake in a private equity firm that's investing in the cannabis space, a source said.

  • Outspoken Peter Thiel silenced by angry protesters Thursday, 11 Dec 2014 | 9:04 AM ET
    Protesters rallying against police violence storm a lecture with PayPal co-founder Peter Thiel at the University of California at Berkeley campus in Berkeley, California December 10, 2014. More than 100 people marched peacefully for several hours before some began breaking windows, looting a cell phone store and spray painting graffiti.

    An appearance by venture capitalist Peter Thiel was cut short at UC Berkeley by demonstrators protesting police killings in Missouri and New York.