Silicon valley

A bout of global stock-market turmoil and an outbreak of UK street violence as adjacent news items gave an apocalyptic feel to the start of the week. But as rioting continued, markets appeared to steady, led by Tokyo with a 10 per cent Tuesday rebound. We know the ugly sentiments that animate the thugs – but do we understand the sudden nerviness of investors? Once media clamour about 1,000-point falls subsided, two strands emerged, both American. First, fear – driven by bad employment figures – that the US economy is weaker than previously thought, fuelling a conviction that the Federal Reserve should have cut interest rates at its late-July meeting

Aron D’Souza likes to celebrate the new year with Peter Thiel, the venture capitalist billionaire who is good friends with Donald Trump and J.D. Vance. ‘Before Peter had kids, we’d go on these holidays around the world. Small group of us. Gay, tech, venture capital, founder-types,’ says D’Souza, an Australian businessman. ‘It’s quite a close-knit little community.’ Lately, because of the kids, they’ve partied at Thiel’s place, an $18 million compound on a man-made island off Miami’s turquoise coast. In December 2022, days before Thiel’s annual party, D’Souza came up with the idea of an ‘Enhanced Games’. The Olympics – but all the athletes dope. ‘That’s what I do over

Four years in the making, the Online Safety Bill has now been sent to senior ministers for review — a process that allows them to protest, to shout if anything obvious that has been missed. In this case, the process is invaluable because something huge has been missed. The Bill, if passed, would empower the Silicon Valley firms it’s designed to suborn. It would formalise and usher in a new era of censorship of UK news — run from San Francisco. This Bill would backfire in a way that its Tory advocates have so far proven unable to understand let alone address. That’s why it needs to be halted, and a rethink

Gstaad Dinner parties are no longer verboten here, so I posed a question to some youngsters my son had over: did any of them feel morally entitled to their privilege? The problem with talking about privilege is that the discussion goes around in circles, original thoughts get lost, and what emerges says more about those conversing than about the subject at hand. Ditto when I posed the question to my son’s friends. There were no straightforward answers. Let’s face it, privilege is so enjoyable that the beneficiaries are mostly seen as undeserving, spoilt lightweights — by the underprivileged, that is. Envy has always been around, as has the urge to

A few weeks after Friedrich Nietzsche bragged to an admirer that he had completed a ruthless attack on our Lord, he collapsed, had convulsions, shouted like a madman and never recovered his faculties again. It was early 1889. He was 44 years old, his books had just begun to be noticed, and he lived for a decade longer, empty-eyed, silent and entirely unaware of the fame that was about to engulf him. Was his tragic end divine punishment for his sacrilege? My devout Catholic wife begs to differ. Our Lord is not vengeful, she insists. That’s the only thing wrong with him, I reply. Although Darwin’s On the Origin of

Where does one find freedom these days? A billion dollar Silicon Valley tech company now appears to be the answer. Mr S was delighted to read in the Wall Street Journal this afternoon that Prince Harry, 36, will be taking up his first formal job post-Megxit as the chief impact officer at tech start up BetterUp in California.  The Duke of Sussex will be providing ‘proactive coaching’ for personal development, increased awareness and ‘an all-round better life’ at the startup which provides professional coaching, mental health advice and ‘immersive learning.’  BetterUp was founded in 2013 and recently raised $125m from international investors to fund expansion which valued the company at $1.7bn. Heraldic symbols and royal lions out, tech unicorns in