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Reid Hoffman

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DOJ Probe Into E. Jean Carroll Draws Fire as Political Retaliation
politics1 month ago

DOJ Probe Into E. Jean Carroll Draws Fire as Political Retaliation

Slate reports that the DOJ is reportedly investigating E. Jean Carroll for not disclosing that Reid Hoffman funded part of her legal defense in her civil case against Donald Trump; Hoffman is also under a separate DOJ inquiry over funding suits against Trump. Critics say the move appears to be retaliation intended to intimidate witnesses and chill disclosures, while a U.S. attorney’s office denied opening Carroll’s case. Legal experts say the prosecution chances are slim, suggesting the aim may be political pressure rather than a pursuit of justice.

via Slate|
#doj#donald-trump#e-jean-carroll
Hoffman Calls DOJ Inquiry Into Carroll Case Retaliation
politics1 month ago

Hoffman Calls DOJ Inquiry Into Carroll Case Retaliation

LinkedIn cofounder Reid Hoffman denounces reports that the Justice Department is probing his nonprofit American Future Republic for funding part of E. Jean Carroll’s litigation against Donald Trump, calling the probe retaliation and arguing it targets Trump critics; the DOJ’s scrutiny reportedly centers on perjury in Carroll’s deposition and on the nonprofit’s funding, though Hoffman frames the move as political retaliation while Carroll’s civil judgments against Trump remain in place.

via Business Insider|
#american-future-republic#doj-investigation#donald-trump
Chicago probes nonprofit funding Carroll's lawsuits against Trump
politics1 month ago

Chicago probes nonprofit funding Carroll's lawsuits against Trump

A Chicago-based criminal investigation led by the U.S. attorney’s office is examining American Future Republic, a nonprofit linked to Reid Hoffman, for its funding of E. Jean Carroll’s lawsuits against Donald Trump and whether those funding arrangements were disclosed in a 2022 deposition; officials say Carroll herself is not the subject of the probe and no charges are imminent.

via Chicago Tribune|
#american-future-republic#chicago-us-attorney#e-jean-carroll
DOJ opens criminal probe into Reid Hoffman-backed nonprofit over Carroll's legal bills
justice1 month ago

DOJ opens criminal probe into Reid Hoffman-backed nonprofit over Carroll's legal bills

The Justice Department has launched a criminal probe into a Chicago-based nonprofit backed by Reid Hoffman over its funding of E. Jean Carroll’s legal bills in her civil suit against Donald Trump, with the investigation centered on statements Carroll made during a deposition; Carroll had accused Trump of sexual assault and defamation and a jury previously found in her favor on those claims.

via The Washington Post|
#doj#donald-trump#e-jean-carroll
AI Policy Shifts: Musk, Trump, and Global Safety Initiatives
technology1 year ago

AI Policy Shifts: Musk, Trump, and Global Safety Initiatives

LinkedIn co-founder Reid Hoffman has raised concerns about Elon Musk's potential conflict of interest in setting AI policies under the Trump administration. Hoffman warns that Musk's involvement in the Department of Government Efficiency could lead to favoritism towards his company xAI, potentially harming U.S. technological and economic security. Hoffman also questions Trump's approach to cryptocurrency regulation, fearing it may benefit select ventures. Despite his criticisms, Hoffman hopes for positive outcomes in U.S. innovation and entrepreneurship.

via TechCrunch|
#ai-policy#conflict-of-interest#elon-musk
"Microsoft's Strategic Moves in AI: Inflection Acquisition and Talent Acquisition"
technology2 years ago

"Microsoft's Strategic Moves in AI: Inflection Acquisition and Talent Acquisition"

Microsoft is reportedly paying approximately $650 million to acquire Inflection AI, with $620 million for non-exclusive licensing fees and $30 million to prevent legal action. Investors are expected to receive favorable returns, and the remaining company will pivot to become an AI studio. The move provides a soft landing for Microsoft and its board member's VC firm, while also potentially offering strategic advantages in the AI space.

via TechCrunch|
#ai#inflection-ai#microsoft
"Nikki Haley's Fundraising Strategy Faces Scrutiny After New Hampshire Setback"
politics2 years ago

"Nikki Haley's Fundraising Strategy Faces Scrutiny After New Hampshire Setback"

Billionaire Reid Hoffman, a Democratic supporter, has reportedly halted further financial support for Nikki Haley's presidential campaign after her losses in the Iowa caucus and New Hampshire primary to former President Donald Trump. Hoffman, who initially believed Haley had the best chance at beating Trump, is one of her first wealthy donors to withdraw support, with others also reconsidering their fundraising efforts due to her winless streak in the primary season. Despite some planning to publicly support Haley, doubts remain about their ability to raise significant funds for her campaign, especially as Trump leads by a wide margin in her home state of South Carolina.

via CNBC|
#fundraising#nikki-haley#politics
"Nikki Haley's Debate Night: Money Attacks and Wall Street Love"
politics2 years ago

"Nikki Haley's Debate Night: Money Attacks and Wall Street Love"

Former President Donald Trump criticized billionaire Democratic donor Reid Hoffman for giving $250,000 to a pro-Nikki Haley super PAC and funding E. Jean Carroll's lawsuit accusing Trump of rape. Trump called Hoffman a "disgusting slob" and criticized the civil trial's outcome, where he was found liable for sexually abusing and defaming Carroll. Hoffman has supported various anti-Trump causes and candidates, citing a desire to protect the rule of law from Trump's legal tactics.

via The Daily Beast|
#donald-trump#lawsuit#nikki-haley
The Unanswered Questions Surrounding Sam Altman's Departure from OpenAI
technology2 years ago

The Unanswered Questions Surrounding Sam Altman's Departure from OpenAI

Former OpenAI director Reid Hoffman expressed confusion over the board's decision to briefly push out CEO Sam Altman without providing a specific reason. Altman was ultimately reinstated after pressure from investors and the threat of a mass exodus. The board is undergoing changes, but the exact cause of the initial chaos remains unknown. Speculations include Altman's pursuit of funding for a new AI chip startup, concerns about the company's risk assessment, a technical breakthrough, and a disagreement with a director. The uncertainty has allowed rivals to capitalize on the situation. Hoffman, one of OpenAI's original donors, believes Altman's reinstatement is positive and highlights the strong relationship between OpenAI and Microsoft.

via CNBC|
#artificial-intelligence#leadership#openai
"Nikki Haley's Super PAC Gains Support from Top Democratic Donor and Targets Independent Voters in New Hampshire"
politics2 years ago

"Nikki Haley's Super PAC Gains Support from Top Democratic Donor and Targets Independent Voters in New Hampshire"

Reid Hoffman, a major Democratic donor and co-founder of LinkedIn, has donated $250,000 to a super PAC supporting Nikki Haley, a Republican candidate in the 2024 primary race. Hoffman's donation, which has not been previously reported, was confirmed by his political adviser. The super PAC, SFA Fund Inc., has been a significant player in the race, spending over $33 million. Hoffman's contribution will help Haley's campaign buy more television ads as she seeks to differentiate herself from other candidates and close the polling gap with former President Donald Trump. Such cross-party giving is rare and could invite backlash.

via The New York Times|
#2024-republican-primary-race#democratic-donor#nikki-haley
Reid Hoffman Steps Back from Investment Role at Greylock
business2 years ago

Reid Hoffman Steps Back from Investment Role at Greylock

Venture capitalist Reid Hoffman, co-founder of LinkedIn and partner at Greylock Partners, is planning to scale back his investment role at Greylock. Hoffman, who has been with Greylock for over a decade, will transition to a part-time partner role and focus more on his philanthropic and public service activities. This move comes as Hoffman aims to dedicate more time to initiatives such as combating disinformation and supporting ethical technology.

via The Wall Street Journal|
#business#greylock#investment
Elon Musk's Controversial Conversations with Putin
technology2 years ago

Elon Musk's Controversial Conversations with Putin

LinkedIn cofounder Reid Hoffman criticized Elon Musk, accusing him of buying into Russian President Vladimir Putin's narrative on the war in Ukraine. Hoffman claimed that Musk "bought what Putin was selling" and referenced Musk's comments at a conference in Aspen where he suggested negotiating peace with Putin. Musk faced backlash for tweeting an idea that echoed Kremlin talking points and proposed Ukraine ceding territory to Russia. Despite the controversy, Musk clarified his support for Ukraine and highlighted SpaceX's efforts to provide internet access through Starlink satellites. Hoffman has previously called out Musk on other issues, including his stance on AI development.

via Business Insider|
#elon-musk#putin#reid-hoffman
"Biden's Student Debt Relief Plan Faces Obstacles from Allies and Flaws"
politics3 years ago

"Biden's Student Debt Relief Plan Faces Obstacles from Allies and Flaws"

Democratic megadonor and top Biden backer Reid Hoffman, who has positioned himself as a centrist fundraiser and ally of President Joe Biden, has been funding groups that have worked against Biden's legislative vision. Protect Democracy, a legal group cofounded by Obama administration alums and funded by Hoffman, filed a brief supporting the Supreme Court's decision to strike down Biden's student debt relief proposal. Hoffman's spending via Mainstream Democrats PAC has also gone towards opposing progressive Democrats in primaries, benefiting conservative House Democrats who have opposed and undermined Biden on key issues. This pattern of centrist opposition has repeatedly thwarted Biden's ambitions, including his Build Back Better Act and minimum wage hike proposals.

via Slate|
#centrists#joe-biden#politics