for funds like andreessen, though, there's more risk involve. they're spending hundreds of millions, and they have offering them to start-up at the beginning stage. chip prices have come down very quickly. it's a cyclical industry, leading to gluts that happen quickly. if that happens because, say, amd or the megacaps themselves develop alternatives, vcs could be stuck with stockbiles that are less valuable. >> these are one of the least risky things that vcs do. they're going for like one in a thousand shots like this, and they're looking for deal flow, a bit of edge to get them attention from the promising founder who's looking for an investor, right? >> and the founder, they need that compute power, and gpus are difficult to security. that's why the megacaps are buying so many. if you buy in bulk, maybe you can get more, but still risky, right? if we do see prices decrease, that these gpus aren't as valuable as they were, they are hold on to leases potentially, renting the space out to startups that don't need it as much, or they may have gon

marc andreessen, horowitz are planning to donate to trump.are two very different things. if support is, in fact, building among the vc community, as it looks to be, they still want exits. and they may ultimately prefer returns and liquidity to the politics of it all. money speaks, put simply. >> they don't care about politics. it's all about returns and equity. silicon valleys, returns and exits are the policy. there's only so much you can harass your mark zuckerberg and jeff bezos. you can harass the billionaires and make them into the bad guys. as soon as you start the exits from happening, the startup ecosystem eats itself. >> it depends on how greedy the vcs are, right? you take a potential deal, wiz and google, wiz to get a $23 billion valuation, according to reports, but could that company ipo and be even bigger in the public markets? that depends. and then they're kind of talking out of both sides of their mouth, if they agree for wiz to be acquired by google, which vance has railed on for years versus growing on its own. it would only

such as a i or a, for instance, crypto we've seen marc andreessen horowitz come through for trump events. for that very reason, or at least that's one of the pronounced reasons there. so the current administration has been perceived as being overbearing on things like crypto. and will likely do more on things like data ownership. privacy. etcetera, and then the third reason is that a lot of these billionaires onto to the degree that they are on the libertarian side i actually think america is not yet merit based enough. and that they want a redesign of america reinvention of america, and so they're looking toward trump vance to essentially tear down what we have and then let them rebuild jointly. >liz>question real quick, do you think president biden they have a lot of folks in silicon valley not in favor of another. president biden term. do you think camilla can win back those voters? >anne>think kamala can win young voters. especially hispanic and black voters. but i think silicon valley is idealistic and it is the eye focused. and so i think they're going to come out for her. yes. >li

yeah, jd vance spent time here in the bay area, both working alongside tech investors like marc andreessen and peter thiel, not to mention tech ceos like eric schmidt and steve case. now, some say that experience could pay dividends in the silicon valley, both during the race. and should he win and enter the white house without objection, the motion to reconsider is laid. jd vance has been both a supporter and critic of tech companies. among his past jobs working for a few years as a venture capitalist. i think in general this is exciting. we need that tech vc tatiana khanna bailey calls the idea of a vc vp potentially good news for silicon valley. but someone who comes from technology backgroun, knowing start ups, understanding the value of entrepreneurship. i think that's awesome. a sentiment echoed by sean mcguire, vc at sequoia capital, who sent me this message, quote jd vance is brilliant with broad life experience and he's willing to change his mind as new data comes in. he's a fantastic pick for vp. this guy knows the valley and i think that, you know, the people in the valley can a

money coming into the country, usvcs coming here — sequoia, andreessen horowitz — you know, putting moneyanother huge part is how you make sure that our own non—digital—first businesses, if you like, are also using the tools of the modern age to make sure that they are the most competitive, both locally and also globally. i think there's a lot of the government could do, actually, to unlock that as well. helping companies manage cyber risk, helping companies with the digital skills and all of those different bits, from the start—up community to government and procurement, are part of what make a really strong digital britain. and it's notjust one sector. it now obviously cuts across all of the things that we do and all of the pieces of work that need to happen to grow the economy. martha lane—fox, it's good to have you on the programme. pleasure. nice to talk to you. another part of the government's plan is a new national wealth fund to help drive the green transition. so what areas are we actually talking about here? i spoke to the head of green investments at macquarie to find out. mark

reid hoffman, the founder of linkedin, laureen powell jobs, marc andreessen, just really a who's whosilicon valley was involved in this. >> reporter: something else surprising. within hours of doherty's big scoop, this mysterious company launched a website and publicly identified itself as california forever, an ambitious plan to build a brand-new kind of city for as many as 400,000 residents. >> we knew this would be controversial when we announced the project. >> reporter: and this is the guy behind it. >> i had a hunch that this was a really good place to do something like this. >> reporter: jan sramek, a 37-year-old czech-born former goldman sachs trader turned aspiring city builder. >> you can see travis air force base is out here. >> reporter: who has to try to convince the public that the project isn't just an oasis for billionaires or some high-tech city of the future. >> so over there will be a downtown. >> reporter: his vision is to turn all of this into a walkable city in the mold of savannah, georgia, or philadelphia, pa, or new york's west village. >> so if you are succe

the information reporting that marc andreessen and ben horwitz plan to make large donations to pac.ed policies that are already having ripple effects for investors all around the world with specific focus this morning on taiwan. and as we've been discussing this morning in a wide-ranging interview with bloomberg "business week" they say taiwan should pay for the u.s. defense services and the country doesn't, quote, unquote, give us anything. adding, we're more than an insurance company after they took, quote, 100% of our chip business. ta taiwan semiis down. trump told bloom bberg he would allow powell to finish out his term but would not reappoint powell. emily wilkins joins us from washington. good morning. good to see you. >> good morning, frank. vance's addition to the trump ticket opens the door to have a strong advocate in the white house. vance has been workshopping legislation that would provide rules of the road for industry. the rules would clarify when to use crypto. the measure would also give crypto companies a path to raise capital off of digital assets, helping some o

and they ignored them these are the inventors of net mark andreessen, smartest minds can't get a meetingn-harris administration how antibusiness, that they have become. it is unheard of, whereas trump is embracing the intellectual mind smartest blinds in our country that want to create america dynamism, and secure our national security for using the latest technology. this is not happening under biden-harris administration. >> great point that is a great point to make you are right especially since trump wants to deregulate, and under biden administration they are reregulating ramping up rules quick before you go i want to ask about iran you've come on this program a number of times discussed it, israeli military says interpreted a missile fired from yemen sunday hours after strike on iranian backed houthi targets concluded gas and power stations in response to deadly houthi attack in tell strive friday landed in u.s. consulate "wall street journal" editorial board rights you you truism triumph of houthis represents failure of the biden administration policy of appeasement to 25i7b iran

now, this week, elon musk, venture capitalist marc andreessen and ben horowitz all promised to donate to trump's campaign with the former silicon valley venture capitalist now running alongside trump. we're talking about vance. other vc investors may be more willing to stand with republican nominees. >> of course, they are recognizing that they want to be more engaged in politics, as there are more and more issues raised around regulation of social media and privacy issues, and use of data and things like that. >> even before vance was named at trump's running mate, experts say he helped the former president increase his campaign war chest by fundraising. here in the bay area. he even organized one event that raised about $12 million for the former president. >> all right. 516 is the time we were talking about the rolling stones concert at levi's stadium. hopefully it won't be too hot. i'm not going. >> steve, are you going? >> but i'm kidding. >> we have to be here tomorrow. but i have seen quite a few concerts at levi's stadium. it's a great venue and it's gorgeous. when the sun goe

this week, elon musk venture capitalist marc andreessen and ben horowitz all promised to donate to trump's campaign with vance's background in the south bay, political experts say another vc investors say other vc investors may now be more willing to stand with republicans. >> of course, they are recognizing that they want to be more engaged in politics as there are more and more issues raised around regulation of social media and privacy issues and use of data and things like that. >> even before vance was named trump's running mate, experts say he helped the former president increase his campaign war chest by fundraising in the bay area ahead of the november election. donald trump is already considering the moves he'll make if elected, according to bloomberg. the former president does not plan on removing federal reserve chair jerome powell right away. he also says he'd consider tapping jpmorgan ceo jamie dimon for his treasury secretary. in the interview, trump also said he plans to reduce corporate tax rates to as low as 15. and he talked about tiktok saying he no longer wants to ban t

probably off at me for saying anything nice about, president trump bay area venture capitalist marc andreessen horowitz announcing via social media tuesday they too, are siding with the gop ticket, both appearing on the ben and mac podcast, citing the future of tech and a changing landscape for their current political stance. >> like a lot of us in tech, it's been a much more difficult puzzle to try to figure this all out over the over the last eight years and then particularly over the last four years, which i think i talk a lot about. >> i think both of us have kind of learned it's much more complicated than we thought, experts say vance, a trump critic turned ally, has earlier this year helped the former president increase his campaign war chest by fundraising here in the bay area. >> it's a mixed bag. you can't really you know, pigeonhole silicon valley. with either political party or any particular ideology. and of course, they are recognizing that they want to be more engaged in politics as there are more and more issues raised around regulation of social media and privacy issues and use

zuckerberg did not specifically endorse trump, but some big names in venture, like marc andreessen, have endorsed the former president. okay, delta airlines still having problems with its computers after that friday meltdown. we still have hiccups here and there ourselves here in the tv station. not all our video walls are working properly. this one's fine. the secretary of transportation is not happy about it, i mean, delta. pete buttigieg calls the cancellations unacceptable. says i have made it clear to delta that we will hold them to all applicable passenger protections. delta canceled 1 in 4 flights sunday and is so full with summer travel, it's having trouble finding seats for all those who need to be rebooked. and this is interesting, travel blogger gary leff says alaska wants to put more comfort class rows into its planes, but extra space is going to have to come from somewhere. and on larger seven three sevens, the 800 series that may have to come from first class. no comment from alaska. turns out that middle section is very popular. it's not too big. it's not well, it is too s

andreessen horowitz spoke to it specifically on the broadcast.n approach, at least in their platform, they do talk about taxing unrealized gains, which are gains that you haven't actually sold the asset. that is anathema to silicon valley and wall street and elsewhere. >> steph, i'll have you pick up there again. i guess i'm just a simple country lawyer. i'm a simple small government guy. i believe in capitalism. i believe in competition. i believe in in entrepreneurs gg in their garage, getting a small loan from a bank, working on that idea, creating jobs, continuing to grow. i would think andreessen horowitz would also want that, because again, they're investing in companies. those companies can grow without the monopoly stopping them. >> what these guys are getting is a completely transactional president and a potential vice president that was created by peter thiel. they want to be in a situation darth vader-style where they have a bat phone into the white house and they say here's the deal i need to get done. donald trump has no ideology, so

and then just yesterday i should tell you that mark andreessen who developed net scape, the first webpartner put out a video saying that they were planning to support trump, also suggest that go they didn't believe that biden was progressive enough, if you will, as it comes -- as it relates to regulating cryptocurrencies, but also taking a shot at biden's plan around taxing what's called unrealized gains. so one of the things that biden has in his tax proposal would be to tax at a minimum of a 25% rate gains that are made effectively in the stock market or in other places if they are not -- even if they are not realized, meaning you haven't sold your shares. that would have a big impact oddly enough specifically in silicon valley where startups and others are trying to build businesses. if you can't sell the shares and you still have to pay taxes on them, that is a very big issue. so you've really seen a sort of complete sea change in just how silicon valley is thinking about politics and clearly it seems to be making some waves today. >> andreessen and horowitz for people who don't k

. >> know you got marc andreessen.'ve got ben horwitz, where you've got a lot of big names in recent days. that's for sure. >> but obviously no i was just going to say i think you're to see paul singer. can griffin, others get, you know, get off defense to onto our side very soon all right. >> so let me ask you about ken griffin because the executive leadership institute you know, led by jeff sonnenfeld, they said today for many business leaders to know vance is not to love him many advances, economic policy stances amount to an american ceos worst nightmare, a smorgasbord of populist promises, which will expand government's reach into the economy, undermine global confidence and subvert free markets. that comes from the ceo leadership group, washington post is, as you mentioned, they say ken griffin was part of the anti vance course. >> so what what gives you the confidence that someone like ken griffin who has serious pockets and cares about politics going to jump in because look, this is, this is about trump, this i

. >>> andreessen horwitz has bought and stashed thousands of gpus.o you like -- >> i like the 200. >> i like the blue ones, the blackwells. >> i like the purple ones. what are you talking about? >> nothing. they're different colors. i'm saying that when we say the 100 -- everyone out there says -- i have no idea an a 100 to a a 200. >> if you follow nvidia like our audience does. >> why do the experts call it nvidia? that's why they're doing it. the company has rentzed out gpus to many of its portfolio companies. in june of last year, friedman announced that he and cc investor daniel gross bought 2,500 gpus to set up an ai cloud service that they made available to the startups they were backing. kind of interesting to, you know, attract that. >> you've we've got this. you need this. come on other. >>> musk says xai has ended talks with oracle over expanding a deal to rent nvidia chips. he said the company's building a super computer with 100,000 nvidia gpus and was contracting 24,000 chips from oracle. >>> amazon web services launching its fourth gen

it's very interesting, and i'm not sure it's going to change the mind of an elon musk or a mark andreessen ship, if you will, already left port. the question now is, does everybody else who was in the democrats' camp and in the big donor camp going to support her or not. i was on the phone with somebody last night, a very big donor, saying we're going to hold back for now, but not hold back because they don't want her to win, but in the same way we have not seen president obama or pelosi or schumer come out and endorse her immediately with, i think, the sense that you don't want to be seen as anointing somebody rather than letting the process play itself out. there are some donors, especially the big money donors, who are also concerned if they all put their money behind her immediately, what that ultimately looks like, too. there's this sort of chicken and egg situation i think that's going to happen in the big money game. of course, she did raise something on the order of close to $50 million in less than 24 hours just yesterday. that was smaller money, if you will, or at least coming fr