Peter Thiel denounces the "extreme bell tower pressure" of Silicon Valley



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Peter Thiel Donald TrumpPeter Thiel with US President Donald Trump.Getty

  • Peter Thiel shot the two barrels on Silicon Valley in an editorial editorial of the New York Times on Thursday.
  • The tech billionaire said the tech scene is marked by "extreme pressure on the steeple" and is a place where people have "done extremely well" while others have suffered.
  • His arguments are likely to agree with the White House, where President Donald Trump thundered to attack America's biggest tech companies.
  • Visit the Business Insider home page for more stories.

Peter Thiel has increased pressure on Google in an editorial published Thursday in the New York Times, but he also led the two barrels to Silicon Valley in general.

Thiel, a billionaire technology investor who co-founded Paypal, took a look at his peers and called them "out of control" for problems that go beyond their own bubble.

In a scathing badessment of Google's decision to create an AI lab in China, while withdrawing from the US military contract "Project Maven", he said that it was symptomatic of a vision narrow of Silicon Valley.

"How can Google use the rhetoric of" borderless "benefits to justify working with the country whose" Great Firewall "has imposed a border on the Internet itself?" "This way of thinking only works on Google's North-California campus, very distinct from the outside world."

Read more: Peter Thiel just attacking Google's "naïve" relationship with China in a nonsensical New York Times editorial

At this point, he broadened his criticism of Google to the California technology scene at large.

"The attitude of Silicon Valley sometimes called" cosmopolitanism "is probably best understood as extreme pressure of parochialism, that of affluent enclaves isolated from the problems of other places – and uncontrollable about them, "he wrote.

He then said that the valley and Wall Street were an "archipelago of the inner fold," adding that these are places where people have "done very well in business while their fellow citizens have been left behind in a stagnant economy ".

Of course, Thiel is inextricably linked to this bubble of the valley and Wall Street.

Its net worth rises to $ 2.5 billion, according to Forbes. He is a board member of Facebook, one of the most valuable companies in the world. It has invested in other tech giants, like Airbnb and Lyft, which were valued at $ 24 billion in April. Thiel recently sold his $ 7.4 million mansion in San Francisco and paid $ 5 million for a cottage in Hollywood Hills, according to Variety.

Nevertheless, his arguments are likely to agree with the White House, where President Donald Trump stubbornly attacked the biggest US tech companies and their supposed – but not proven – liberal bias. It also coincides with the fact that Trump is conducting a vicious trade war with China, the very country where Thiel sounds the alarm.

Pinpointing the president's favors is a strategy that seems well suited to Thiel's investments. As Bloomberg's Lizette Chapman points out, the revenues of three of its companies – SpaceX, Palantir and Anduril – are heavily dependent on government procurement.

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