FBI investigating VC fund started by Peter Thiel for financial misconduct: Report

FBI and other federal agencies probe venture capital fund started by Peter Thiel

Peter Thiel 'most scared' of Sen. Elizabeth Warren, accuses Google of treason. Trump agrees.

In a Fox & Friends newsbrief, Thiel spurred President Trump to promise to look into baseless claim that Google committed treason.

Palmer Luckey wins secretive Pentagon contract to develop AI for drones

Palmer Luckey (previously) the alt-right financier who was made a billionaire by Mark Zuckerberg's decision to acquire his VR startup Oculus, is now running a Peter-Thiel-backed surveillance startup called Anduril Industries, which has won a contract to contribute to Project Maven, the Pentagon's controversial AI-for-drones system (Google's involvement in Project Maven sparked an employee uprising that ended with the relevant executives leaving the company and the contract being allowed to lapse). Read the rest

Beatings—er, bonuses will continue at Palantir until morale improves

Morale is so bad at Palantir, they're slashing their stock price. In addition to cheaper stock options, the data-mining company is also handing out more internal bonuses, after a succession of shareholder writedowns and political controversies tied to company co-founder and Gawker sue-er Peter Thiel. Read the rest

Palantir may IPO at valuation of up to $41 billion

The highly secretive Silicon Valley-based data company Palantir is reported to be considering an initial public offering. Read the rest

New Zealand bans most offshore residential real-estate ownership

With today's passage of the Overseas Investment Amendment Bill, the Parliament of New Zealand has banned nonresidents from buying most residential property in the country, in an effort to end the skyrocketing housing expenses (Auckland is one of the world's least-affordable cities) by freezing out overseas speculators, though these account for less than 3% of total real-estate transactions, with the majority coming from China. Read the rest

Palantir has figured out how to make money by using algorithms to ascribe guilt to people, now they're looking for new customers

In 2009, JP Morgan Chase's "special ops" guy was an ex-Secret Service agent called Peter Cavicchia III, and he retained Palantir to spy on everyone in the company to find "insider threats"; even getting the bank to invest in Palantir. Read the rest

New Orleans Police used predictive policing without telling the city's elected officials

Palantir Technologies is a data-mining firm that loves it some predictive policing: computer-aided sorcery that uses data models to try and predict where crimes may occur and who's got a reasonable chance of committing them.

For predictive policing to work well, the predictive model being built needs to be well fed with data on criminals, their first, second and third-person acquaintances, their social media accounts, and crime statistics for the area where the model is meant to be seeing crimes before they may possibly happen. It sounds like shit right out of Minority Report, because it kinda is – just without spooky kids in a swimming pool and a hell of a lot less accuracy.

Accurate or not, the notion of predictive policing raises a number of civil rights and privacy concerns. The ACLU isn't down with it, as the methodology of stopping someone without reasonable suspicion is against the Fourth Amendment. In their eyes, computer-aided guesses don't cut it when it comes to justifying a stop-and-frisk. China's been using it to snoop on their citizens and has been sending suspected radicals and political dissidents for re-education, just in case they decided to protest their nation's ruling party's status quo. It's creepy shit.

Anyway, back to Palantir.

Did I mention that it was started up by Peter Thiel with money seeded by the CIA? No? How about the fact that they've been running an off-the-books program with the New Orleans Police so secretive that the city's own government didn't have a clue that it was going on? Read the rest

The mystery man behind the destruction of Gawker

Aron D’Souza is the man behind Peter Thiel's successful campaign to destroy Gawker through litigation, according to an exposé by Buzzfeed News. The whole thing seems to dance pretty close to the line for what constitutes maintenance. Read the rest

Peter Thiel, "libertarian," wants to buy Gawker's archive, which would give him the power to censor stories he didn't like

Libertarian wisdom holds that "the answer to bad speech is more speech," but if you're a Peter Thiel libertarian (that is, the kind of "freedom lover" who doesn't think women should vote, wants to spy on everyone in the world, and secretly wields power to censor the free press), then "the answer to bad speech is secretly backing lawsuits by washed-up pro-wrestlers in order to kill a media outlet whose reporting you don't like." Read the rest

Peter Thiel: the "libertarian" who loves mass government surveillance, monopolies, and censorship

Peter Thiel thinks that it was a mistake to let women vote; that democracy is incompatible with "freedom" (because poor people will tax rich people if they get to elect their own leaders); that the major problem with the mass government surveillance that Edward Snowden revealed was that it was incompetently conducted (which is why he started Palantir, a mass surveillance contractor that sells spying services to authoritarian states); that free markets are inefficient and should be replaced with monopolies; and that marketplace of ideas should be replaced by secretly funded litigation campaigns that eliminate publications that say things you don't like. Read the rest

Gawker alumni are crowdfunding to outbid Peter Thiel for control of Gawker's assets

Gawker was bankrupted by Peter Thiel, who secretly backed Hulk Hogan's lawsuit against the network of news, entertainment and gossip sites in an act of petty revenge. Read the rest

The Trump-funding, democracy-denying, Gawker-destroying Peter Thiel is finally no longer involved with Y Combinator

Peter Thiel was always a controversial figure in tech, known as an acerbic doctrinaire libertarian who'd publicly declared that "I no longer believe that freedom and democracy are compatible," a situation he blamed in part on "the extension of the franchise to women," -- but people still took his money and sought his help in part because he was viewed as a mostly harmless crank and in part because he had a titanic amount of money and connections to throw at organizations that legitimized him by affiliating themselves with him. Read the rest

A startup wants to buy your grievance against Equifax for 30% of your court award

Legalist is a Peter Thiel-funded startup whose business-model is to buy legal grievances in exchange for a license to sue on behalf of its users, a practice called champerty that was most notoriously used by Thiel himself when he backed the lawsuits that brought down Gawker Media in an act of petty vengeance. Read the rest

Judge tosses out Hulk Hogan lawyer's suit against Techdirt over that guy who claimed he invented email

Earlier this year Techdirt was sued for $15M by Shiva Ayyadurai, who claims to have invented email in 1978, eight years after Ray Tomlinson sent an email over ARPANET. Ayyadurai was represented by Charles Harder, the lawyer who was paid by Peter Thiel to kill Gawker Media through Hulk Hogan's lawsuit. Read the rest

Oculus Founder/alt-right troll Palmer Luckey teaming up with Peter Thiel to build surveillance tech

Palmer Luckey, the guy who founded Oculus, sold it to Facebook, and then used the money to fund racist, far-right meme creation in the 2016 election cycle is now running a Peter-Thiel-backed startup to build surveillance technology that could be part of Donald Trump's border wall. Read the rest

Techdirt is being sued by the "I invented email" guy and needs your money

Indie news outlet Techdirt is being sued for $15M by Shiva Ayyadurai, who claims to have invented email in 1978, eight years after Ray Tomlinson sent an email over ARPANET; Ayyadurai is represented by Charles Harder, a key figure in the Gawker-killing legal campaign that Peter Thiel financed, and who is also representing Melania Trump in her $150m lawsuit against The Daily Mail. Read the rest

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