Tag: cofounder

  • Webchutney co-founder Sidharth Rao passes away

    Webchutney co-founder Sidharth Rao passes away

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    New Delhi: Sidharth Rao, who co-founded one of India’s first and top digital agencies Webchutney, has passed away, according to media reports.

    He died on Friday evening. He is survived by his parents and wife.

    At the age of 19, he started Webchutney, which was the most-awarded Indian agency at the Cannes Lions International Festival of Creativity in 2019.

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    In 2008, he incubated Network Play under Webchutney, which in less than three years became the largest brand ad network, one that was later acquired by Bertelsmann AG. In 2013, Webchutney was acquired by the Japanese multinational media network Dentsu Aegis Network.

    While he continued to head Webchutney, in 2021 he was also appointed as head of the India unit of dentsuMB, the restructured global creative network of the company.

    In 2022, Rao stepped down as group CEO of dentsuMB India and joined hands and launched a new venture in the marketing technology (MarTech) space, called Punt Partners along with serial entrepreneur Madhu Sudan.

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    ( With inputs from www.siasat.com )

  • Gordon Moore, Intel’s co-founder and creator of Moore’s law, passes away

    Gordon Moore, Intel’s co-founder and creator of Moore’s law, passes away

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    New Delhi: Silicon Valley titan Gordon Moore, one of the co-founders of chip-maker Intel and the creator of Moore’s Law, has passed away at age 94.

    Intel and the Gordon and Betty Moore Foundation announced that Gordon Moore died peacefully on Friday, “surrounded by family at his home in Hawaii”.

    Moore and his longtime colleague Robert Noyce founded Intel in July 1968.

    Prior to establishing Intel, Moore and Noyce participated in the founding of Fairchild Semiconductor, where they played central roles in the first commercial production of diffused silicon transistors and later the world’s first commercially viable integrated circuits.

    At Intel, Moore initially served as executive vice president until 1975, when he became president.

    In 1979, Moore was named chairman of the board and chief executive officer, posts he held until 1987, when he gave up the CEO position and continued as chairman. In 1997, Moore became chairman emeritus, stepping down in 2006.

    During his lifetime, Moore also dedicated his focus and energy to philanthropy, particularly environmental conservation, science and patient care improvements.

    Along with his wife of 72 years, he established the Gordon and Betty Moore Foundation, which has donated more than $5.1 billion to charitable causes since its founding in 2000.

    “Those of us who have met and worked with Gordon will forever be inspired by his wisdom, humility and generosity,” said Harvey Fineberg, foundation president.

    Pat Gelsinger, Intel CEO, said that Gordon Moore was instrumental in revealing the power of transistors, and inspired technologists and entrepreneurs across the decades.

    “We at Intel remain inspired by Moore’s Law and intend to pursue it until the periodic table is exhausted,” he noted.

    In addition to Moore’s seminal role in founding two of the world’s pioneering technology companies, he famously forecast in 1965 that the number of transistors on an integrated circuit would double every year — a prediction that came to be known as Moore’s Law.

    “All I was trying to do was get that message across, that by putting more and more stuff on a chip we were going to make all electronics cheaper,” Moore said in a 2008 interview.

    With his 1965 prediction proven correct, in 1975 Moore revised his estimate to the doubling of transistors on an integrated circuit every two years for the next 10 years.

    “Regardless, the idea of chip technology growing at an exponential rate, continually making electronics faster, smaller and cheaper, became the driving force behind the semiconductor industry and paved the way for the ubiquitous use of chips in millions of everyday products,” said the foundation.

    In 2022, Gelsinger announced the renaming of the Ronler Acres campus in Oregon — where Intel teams develop future process technologies — to Gordon Moore Park at Ronler Acres.

    Gordon Moore was born in San Francisco in 1929. He was educated at San Jose State University, the University of California at Berkeley, and the California Institute of Technology, where he was awarded a Ph.D. in chemistry in 1954.

    He received the National Medal of Technology from then President George H.W. Bush in 1990, and the Presidential Medal of Freedom, the nation’s highest civilian honour, from then President George W. Bush in 2002.

    In 1950, Moore married Betty Irene Whitaker, who survives him. Moore is also survived by sons Kenneth and Steven and four grandchildren.

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    ( With inputs from www.siasat.com )

  • Sam Bankman Fried’s co-founder gave GOP govs group $500,000 right before bankruptcy

    Sam Bankman Fried’s co-founder gave GOP govs group $500,000 right before bankruptcy

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    correction ftx bankman fried new york 98592

    The $500,000 donation from Salame was part of a $28.6 million haul that the association brought in over the last three months of 2022, according to filings with the IRS.

    That money — coupled with seven-figure donations from GOP mega-donors — fueled its aggressive push to claim the executive branch in a number of states on Nov. 8. Ultimately, however, Democrats flipped three governorships in their favor. And they did so with an atypical cash advantage.

    “Democrats were on total defense in 2022 and their incumbents were mired in tough races due to their out-of-touch records,” an RGA spokesperson said, pointing to the defeat of the incumbent Democratic governor in Nevada.

    During the fourth quarter of 2022, the Democratic Governors Association raised about $40.2 million, according to filings with the IRS. Veterans of gubernatorial campaigns said it was the rare instance of the party’s donors shifting their focus to the DGA.

    “Major donors are very often focused on national issues and presidential politics rather than state issues,” former DGA executive director Colm O’Comartun said of the party’s donor class, adding that gubernatorial races in swing states like Wisconsin and Pennsylvania created a persuasive argument for the Democrats’ major donors. “Starry eyed donors have been used to being with Nancy [Pelosi] on Nantucket but are now warming to Democratic governors.”

    It could have been even worse for Republicans if not for donors like Salame. Last year, RGA also received $6 million from The Concord Fund, a group associated with the powerful conservative legal activist Leonard Leo. Its project, known as the Judicial Crisis Network, spent millions to support former President Donald Trump’s Supreme Court nominees. In 2022, the Concord Fund also gave $2.15 million to the Republican State Leadership Committee, which supports conservative candidates running for state judiciaries and other state-level campaigns.

    The influx of cash suggests a growing effort by the group to focus on the states. A spokesperson for the Concord Fund maintained, though, that the group, primarily through its support for the Judicial Crisis Network, has already been involved in state court issues for over a decade.

    RGA is free to accept donations of unlimited size, beyond the limits set for federal and many state-level campaigns. Groups like RGA are also free to accept contributions from corporations, unlike federal campaigns.

    RGA’s 2022 fundraising haul also included a number of major conservative donor dynasties. The Las Vegas Sands Corporation — whose majority shareholder is Miriam Adelson — gave $3.79 million. The gift is also the latest indication that Adelson has remained a political force since the death of her husband, Sheldon Adelson, in 2021. Another political dynasty also spent big to support the Republican Governors: Suzanne DeVos gave $300,000, as did Richard DeVos Jr., Doug DeVos, and Daniel DeVos.

    DGA’s haul also included some of the party’s mega-donors: Illinois Governor J.B. Pritzker gave a total of $27 million to the group in 2022, and billionaire Stephen Mandel gave $1,000,000 as well. A portion of the haul came as a transfer from an affiliated committee, Democratic Action.

    DGA did not report any gifts from FTX in 2022.

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    ( With inputs from : www.politico.com )