Palantir co-founder Peter Thiel forecasts that President-elect Trump’s proposed 60% tariffs on Chinese goods will severely harm China while having a mildly negative effect on American consumers, potentially shifting manufacturing to Vietnam. This prediction follows a recent market downturn in China-linked ETFs after Trump’s victory.
Crusoe Energy, a data center startup specializing in artificial intelligence (AI) infrastructure, has secured a massive $500 million equity investment led by Peter Thiel’s Founders Fund. The investment round values Crusoe at approximately $3 billion, highlighting the rapid growth of the ‘neocloud’ industry and its increasing appeal to Silicon Valley and Wall Street investors.
Peter Thiel, co-founder of Palantir Technologies, has sold nearly $600 million worth of the company’s stock this week, bringing his total stock sales for the year to over $1 billion. The sales come amid Thiel’s outspoken views on various topics, including artificial intelligence, Bitcoin, and California’s progressive culture.
Senator JD Vance, Trump’s running mate for the 2024 election, has publicly appealed to billionaire Peter Thiel to support Trump’s presidential campaign. Vance, a former venture capitalist, believes Thiel’s conservative leanings and past support for Trump make him a valuable asset. This request comes as Vice President Harris’s campaign has raised over $540 million, with a significant portion coming during the recent Democratic convention. Thiel’s relationship with Trump has become strained since 2022, but he has expressed optimism about Trump’s return to office with Vance as Vice President.
Peter Thiel, a prominent billionaire and political influencer, sparked debate during a recent Joe Rogan podcast episode by comparing California’s progressive culture to Saudi Arabia’s Wahhabism. He argued that both states are heavily influenced by powerful ideologies and rely heavily on lucrative industries, with California’s tech giants mirroring Saudi Arabia’s oil wealth. Thiel’s comments highlight his long-standing criticisms of California’s governance and his influence in U.S. politics through his company Palantir and support for J.D. Vance.
Venture capitalist Peter Thiel, known for his investments in companies like Palantir and PayPal, recently spoke on the Joe Rogan Experience podcast about technological innovation. He highlighted Bitcoin as a significant invention, comparing its impact to the internet, but argued that artificial intelligence (AI) has the potential to be even more transformative. Thiel believes that AI’s progress, similar to Bitcoin’s early years, is underestimated and its true potential is yet to be fully realized.
