Dec 23, 2018

How Reid Hoffman sees the future

Photo: Steve Jennings/Getty Images for TechCrunch

Reid Hoffman — co-founder of LinkedIn, Greylock partner and co-author of the new "Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies" — joins a venture-capital roundtable for Barron's.

What's next: "People think cloud computing is already big, so they move on. But combining multiple sources of data with VR and AI techniques has stunning implications. Would you rather have your average radiologist or a trained AI program read your films? This transformation is just beginning."

  • "Moore’s Law is coming to space. We are going to see a revolution in space. We could see manufacturing in space, and maybe on Mars. At the moment, this sounds like science fiction. It’s not usually talked about much, unlike AI and biotech. I have invested in a satellite propulsion company, Apollo Fusion."

Between the lines: Hoffman weighed in on IPOs...

  • "You can usually tell when a company is really getting ready to go public because they hire a public-company chief financial officer 12 to 24 months beforehand."
  • "In addition to getting liquidity, companies frequently use IPOs ... to have a debutante moment. When you come public, there is a whole bunch of press oriented toward you. But if you have a suck-all-the-oxygen-out-of-the-room political fight [in 2020], that could pose challenges for the debutante feature of going public."

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World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Japan's economy minister outlined plans on Monday to end the nationwide state of emergency as the number of new novel coronavirus cases continues to decline to less than 50 a day, per Bloomberg. Japan has reported 16,550 cases and 820 deaths.

By the numbers: Over 5.4 million people have tested positive for the virus as of Monday, and more than 2.1 million have recovered. The U.S. has reported the most cases in the world (over 1.6 million from 13.7 million tests). The U.K. is reporting over 36,800 deaths from the coronavirus — the most fatalities outside the U.S.

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of midnight ET: 5,401,701 — Total deaths: 345,060 — Total recoveries — 2,149,407Map.
  2. U.S.: Total confirmed cases as of midnight ET: 1,643,238 — Total deaths: 97,720 — Total recoveries: 366,736 — Total tested: 14,163,195Map.
  3. World: White House announces travel restrictions on Brazil, coronavirus hotspot in Southern Hemisphere Over 100 coronavirus cases in Germany tied to single day of church services — Boris Johnson backs top aide amid reports that he broke U.K. lockdown while exhibiting symptoms.
  4. Public health: Officials are urging Americans to wear masks headed into Memorial Day weekend Report finds "little evidence" coronavirus under control in most statesHurricanes, wildfires, the flu could strain COVID-19 response
  5. Economy: White House economic adviser Kevin Hassett says it's possible the unemployment rate could still be in double digits by November's election — Public employees brace for layoffs.
  6. Federal government: Trump attacks a Columbia University study that suggests earlier lockdown could have saved 36,000 American lives.
  7. What should I do? Hydroxychloroquine questions answeredTraveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 2 hours ago - Politics & Policy

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

President Trump doubled down on his push to reopen schools, tweeting late Sunday: "Schools in our country should be opened ASAP."

Zoom in: Trump pushed back on NIAD Director Anthony Fauci cautioning against the move earlier this month, calling his concerns "not an acceptable answer."