Former Uber CEO Travis Kalanick just became an actual billionaire with $1.4 billion in cash, and he plans to start giving it away

It’s been a good day for former Uber CEO Travis Kalanick A deal with perhaps the most powerful investor in tech, a deal in the works for months, closed today. That deal dropped a cool $1.4 billion in cash into Kalanick’s pocket and will soon end a contentious lawsuit with his biggest investor Benchmark. Kalanick’s first order of business is setting up a charitable foundation and donating a big chunk of his money to it, Business Insider has learned. Uber confirmed on Thursday that its investment deal with Japanese tech giant Softbank has closed. Softbank dropped $1.25 billion into Uber’s coffers, and bought about 15% of the company from existing… Read More

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Facebook Adds First Black Board Member, Former American Express CEO Kenneth Chenault

Former American Express CEO Kenneth Chenault has joined Facebook’s board, the first African American to do so. The social network’s CEO, Mark Zuckerberg, announced the board appointment on Thursday and said he had been “trying to recruit Ken for years.” “He has unique expertise in areas I believe Facebook needs to learn and improve — customer service, direct commerce, and building a trusted brand,” Zuckerberg wrote in a Facebook post. “Ken also has a strong sense of social mission and the perspective that comes from running an important public company for decades.” Chenault retired in October after a 16-year stint leading American Express, and was the credit card company’s first… Read More

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$800,000 in rebates to replace fireplaces is snapped up in 15 hours

Bay Area homeowners took just 15 hours this week to snap up $800,000 in rebates to replace wood burning fireplaces and stoves with cleaner heating options. The Bay Area Air Quality Management opened the rebate application period at 11 a.m. Tuesday and the reservations for the money were snapped up by 2 a.m Wednesday, the air district reported Thursday. Some homeowners worked late into the night to submit online applications. Other applicants will be put on a waiting list for future rebate programs that may be offered when money is available. The air district offered rebates of $750 to decommission and seal off a wood burning fireplace, $1,000 to switch… Read More

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The incredible career of Jeff Bezos’ wife MacKenzie, an acclaimed writer who quit her job to support her husband and is now half of the richest couple in the world

• MacKenzie Bezos, the wife of Amazon CEO Jeff Bezos, is an award-winning novelist. • She’s had literary ambitions since she was six years old. • Bezos is now the author of two novels, “The Testing of Luther Albright” and “Traps.” When Jeff Bezos told his wife MacKenzie about his idea for a new company, she was immediately on board. Bezos traveled with her husband to Seattle, where she worked for the fledgling Amazon as an accountant. The move was a bit of a departure for the Princeton grad, who had long dreamed of becoming a writer. But she was eager to support her husband. “To me, watching your spouse,… Read More

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AR has inherited all the promise and hype of VR

For the better part of the last decade, we’ve been told that virtual reality, and to a lesser extent augmented reality, will transform how we communicate, use computers, and play games and enjoy other forms of interactive entertainment. In 2018, it feels like the situation has reversed: AR is the more promising technology on the horizon. As a result, we’re starting to see the industry shift its resources and the built-in momentum of a hyped-up new product category toward heads-up displays. In combination, computer vision, which seeks to give software the ability to see and understand our surroundings using cameras, sensors, and artificial intelligence, AR feels poised to take off.… Read More

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