Polestar's Rocky Road: EV Maker Faces Revenue Decline, Accounting Errors, and Lender Pressure
Polestar announces revenue decline, accounting errors, and lender pressure, casting a shadow over its future in the competitive EV market
Starfolk
In a significant move, incoming president Donald Trump has confirmed the appointment of Sriram Krishnan, a seasoned entrepreneur, venture capitalist, and podcaster, as senior policy advisor for artificial intelligence (AI) at the White House Office of Science and Technology Policy. Krishnan, who until recently served as a general partner at Andreessen Horowitz (a16z), will play a crucial role in shaping and coordinating AI policy across the government.
In a statement, Trump highlighted Krishnan's new role, stating that he will work closely with the president's council of advisors on science and technology. Krishnan, in a post on X, expressed his gratitude to Trump for the opportunity, emphasizing his commitment to ensuring continued American leadership in AI.
Notably, Krishnan will be working alongside David Sacks, Trump's crypto and AI 'czar,' who was recently appointed to lead the administration's efforts in these areas. Sacks, the former COO of PayPal, has been instrumental in shaping Trump's tech policy, and Krishnan's appointment is seen as a significant addition to the team.
Krishnan brings a wealth of experience to his new role, having led product teams at Microsoft, Twitter, Yahoo!, Facebook, and Snap. His close relationship with Elon Musk, with whom he worked to rebuild Twitter (now X) following Musk's acquisition of the company in 2022, is also expected to be an asset in his new position.
In addition to his entrepreneurial and venture capital background, Krishnan has been an advocate for innovative solutions to address the challenges posed by AI. In an opinion piece last year in The New York Times, he called for "a fundamentally different mechanism" for websites to "exchange" value with OpenAI's ChatGPT and other AI-powered chatbots. Krishnan's hope is that creative technology solutions, rather than legal action or content alliances, will help keep the internet open.
The appointment of Krishnan as senior AI policy advisor is seen as a significant move by the Trump administration to prioritize AI development and policy in the United States. As the country continues to navigate the complexities of AI adoption, Krishnan's expertise and experience will be invaluable in shaping a comprehensive and forward-thinking AI strategy.
With Krishnan's appointment, the Trump administration is sending a clear signal about its commitment to maintaining American leadership in AI. As the global AI landscape continues to evolve, Krishnan's role will be critical in ensuring that the United States remains at the forefront of AI innovation and policy.
Polestar announces revenue decline, accounting errors, and lender pressure, casting a shadow over its future in the competitive EV market
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