惯性聚合 高效追踪和阅读你感兴趣的博客、新闻、科技资讯
阅读原文 在惯性聚合中打开

推荐订阅源

T
Threat Research - Cisco Blogs
OSCHINA 社区最新新闻
OSCHINA 社区最新新闻
The Register - Security
The Register - Security
A
About on SuperTechFans
Cyber Security Advisories - MS-ISAC
Cyber Security Advisories - MS-ISAC
L
LangChain Blog
N
Netflix TechBlog - Medium
量子位
博客园 - 三生石上(FineUI控件)
宝玉的分享
宝玉的分享
H
Help Net Security
D
Docker
D
DataBreaches.Net
T
Tailwind CSS Blog
阮一峰的网络日志
阮一峰的网络日志
B
Blog
博客园 - 聂微东
Apple Machine Learning Research
Apple Machine Learning Research
Google DeepMind News
Google DeepMind News
The Cloudflare Blog
F
Full Disclosure
GbyAI
GbyAI
F
Fortinet All Blogs
Last Week in AI
Last Week in AI
Y
Y Combinator Blog
人人都是产品经理
人人都是产品经理
Recent Announcements
Recent Announcements
博客园 - Franky
MongoDB | Blog
MongoDB | Blog
有赞技术团队
有赞技术团队
博客园 - 叶小钗
小众软件
小众软件
V
Visual Studio Blog
月光博客
月光博客
Stack Overflow Blog
Stack Overflow Blog
The GitHub Blog
The GitHub Blog
Recorded Future
Recorded Future
J
Java Code Geeks
雷峰网
雷峰网
P
Privacy & Cybersecurity Law Blog
C
Cisco Blogs
C
Cyber Attacks, Cyber Crime and Cyber Security
AWS News Blog
AWS News Blog
Webroot Blog
Webroot Blog
美团技术团队
N
News | PayPal Newsroom
G
Google Developers Blog
Security Archives - TechRepublic
Security Archives - TechRepublic
博客园_首页
V
Vulnerabilities – Threatpost

Fortune | FORTUNE

One man can kill Bill Ackman’s $64 billion bid for Universal Music Group—and no one knows what he’ll do | Fortune Poppi’s cofounder pitched her startup on Shark Tank while 9 months pregnant and landed a $400,000 deal—now it's worth $2 billion | Fortune Teen boys are choosing AI girlfriends over real ones for 'maximum control, zero rejection'—experts say it could make them unemployable | Fortune A United American merger is by no means impossible given the president 'loves big deals' | Fortune Reed Hastings’s planned exit from $455 billion Netflix ‘had nothing to do with’ the failed deal for Warner Bros., says Ted Sarandos | Fortune Meet Joe McCann: The high-flying crypto trader held in Tanzania after sudden death of his influencer fiancée Ashly Robinson | Fortune Gen Z is carving a different path in the housing market by doing it alone | Fortune U.S. Catholic leaders criticize Trump for ‘disparaging words’ about the pope as Vatican clash risks alienating Catholic voters | Fortune China has ‘nearly erased’ America’s lead in AI—and the flow of tech experts moving to the U.S. is slowing to a trickle, Stanford report says | Fortune Self-made millionaire behind $5 billion Skims Emma Grede says it all began with a cold call to Kris Jenner: Emma Grede—the self-made millionaire behind the $5 billion Skims empire—says it all began with an audacious cold call to Kris Jenner: ‘The difference between me and someone else is, I made it happen’ | Fortune Americans have never been this gloomy about the economy. Wall Street has never cashed in harder | Fortune ‘The college grading system [is] almost meaningless’: People see the Ivy League as an easy A and with flawed admissions standards | Fortune The CEO of $8.5 billion Japanese car giant Nissan plays the drums in a band and hits the tennis courts to destress from the top job | Fortune New York governor's take on a millionaires tax: fancy pied-à-terre second apartments worth over $5 million | Fortune Pope Leo XIV: A ‘handful of tyrants’ are ravaging earth with war and exploitation | Fortune Trump has no plan to cut the $39 trillion national debt, but he does want to cut childcare. His budget director is scrambling to clarify | Fortune China's economy grows 5% in first quarter, surprising economists to the upside | Fortune Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer | Fortune Palantir exec: the biggest mistake retailers are making with AI? Trying to do it all with one agent | Fortune American YouTuber who calls himself a 'troll' sentenced to 6 months in Korean prison for literally dancing on wartime graves | Fortune BBC plans to cut up to 2,000 jobs to save 10% of annual budget | Fortune Canva debuts a new suite of agentic tools, as the design app quietly becomes one of the world’s most used AI services | Fortune Moody's CEO: AI has a trust problem – better models won’t fix it | Fortune Top New York surgeon: Americans have better data for choosing restaurants than surgeons. That has to change | Fortune The Iran war’s fertilizer shock is hammering American farmers, and 70% can’t afford what they need for this year’s growing season | Fortune Education experts to Mamdani: Why are you foisting AI on our kids? | Fortune This CEO pirated video games as a teen and became a hacker for the Air Force. Now he’s built a $3 billion cyber firm | Fortune Teacher, blame thyself: Yale report savages Ivy League schools for destroying American trust in higher education | Fortune Fed chair nominee Kevin Warsh is worth more than $100 million and has stakes in SpaceX and Polymarket | Fortune From wool sneakers to GPUs: Allbirds’ desperate AI pivot and 600% stock surge, explained | Fortune The Sam Altman attack is putting two anti-AI groups under scrutiny—but the story is more complicated | Fortune Elizabeth Warren on her proposal to bring back IRS Direct File: ‘For just one day of bombing Iran, we could pay for 20 years’ | Fortune ‘I am certain’: Harvard policy expert warns the true cost of the Iran war to U.S. taxpayers will exceed $1 trillion | Fortune The CEO of a $24 billion Dutch lender has sandwiches once a week with the staff to hear their views and get them on side with cost cuts | Fortune Why insurance giant Travelers' CTO is placing fewer, bigger bets on AI | Fortune Current price of oil as of April 15, 2026 | Fortune The dirty secret behind Big Tech’s AI arms race: Massive hardware investments that are obsolete in 3 years | Fortune Dow’s CEO handoff elevates an insider and seasoned operator | Fortune Anthropic faces user backlash over reported performance issues with its Claude AI chatbot | Fortune Stock futures sink while oil spikes as the U.S. Navy looks to squeeze Iran's economy and break its grip on the Strait of Hormuz | Fortune A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled. 'We are actively praying for a hurricane' | Fortune U.K. won’t take part in Trump’s planned blockade of Hormuz strait | Fortune Hungarian voters oust Viktor Orbán, a close ally of Trump and Putin, despite late campaign push from JD Vance | Fortune Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI | Fortune Iran’s crumbling economy is the regime’s greatest weakness with prices up 40% since the war began while authorities worry about making payroll | Fortune Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’ | Fortune Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty | Fortune Artemis III will practice docking Orion with lunar landers in Earth orbit next year while Musk’s Starship and Bezos’ Blue Moon compete for Artemis IV | Fortune Oil tankers U-turn in Hormuz as U.S.-Iran talks break down Saudi Arabia says East-West pipeline restored to full capacity In 2011, Barack Obama said it was time to ‘pivot’ to Asia. But 15 years later, the U.S. is still at war in the Middle East Trump says U.S. Navy to impose Hormuz blockade after Iran ceasefire talks end with no deal. ‘No one who pays an illegal toll will have safe passage’ This TikTok sensation sold her startup for $2 billion. Now Pepsi is letting ‘Poppi be Poppi’ ‘Almost unmanageable’: Raising a child in the U.S. now costs more than $300,000 As Iran peace talks fail, Trump and Joe Rogan watch a hobbled fighter triumph in a brutal cage match Haiti stares down starvation as Iran War drives 200,000 into acute food emergency status ‘I just keep seeing a lot of different aspects of life getting more expensive’: New car prices are up 30% over 6 years America is not ready for its own longevity crisis — and 2026 is the wake-up call | Fortune JD Vance leaves Pakistan after marathon talks with Iran end without a deal as Tehran refuses U.S. demand not to develop nuclear weapons | Fortune Average price of new cars nears $50,000 as automakers focus on big pickups and SUVs while cheaper sedans get phased out | Fortune Navy tests Hormuz blockade as expert says U.S. military prepares for round 2 and could degrade Iran’s hold over the strait to a ‘manageable level’ | Fortune Pakistan sends military force to Saudi Arabia as part of pact | Fortune Three oil supertankers sail through the Strait of Hormuz | Fortune Trump downplays talks for ceasefire deal with Iran, claiming military victory. 'It doesn’t matter. From the standpoint of America, we win' | Fortune Boeing’s moon rocket faces uncertain future under Trump’s NASA | Fortune Appeals court says national security implications of halting White House ballroom construction must be weighed | Fortune Some of cheapest fuel can be found on Native American reservations as tribes are exempt from state gas taxes | Fortune JD Vance begins talks with Iran in Pakistan while Trump claims U.S. has begun 'clearing out' the Strait of Hormuz | Fortune 'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz | Fortune U.S. Navy ships transit Hormuz ahead of mine-clearing mission | Fortune Over a third of Ireland's fuel stations are empty and truck and tractor drivers are protesting nationwide | Fortune Some communities are enduring unprecedented long waits on federal disaster requests, and Democrat-led states say they're being denied | Fortune These niche AI startups are trying to protect the Pentagon’s secrets | Fortune Former Tesla president reveals the ‘single most important thing’ you can do for your career—it’s a habit Elon Musk and Warren Buffett share too | Fortune Ingersoll Rand CEO: here's how employee ownership helped drive more than 8x enterprise value growth | Fortune The petrodollar faces increased risk, but a petroyuan is ‘far-fetched’ as fears of U.S. losing superpower status are overhyped, strategist says | Fortune Palantir CEO says AI ‘will destroy’ humanities jobs, but there will be ‘more than enough jobs’ for people with vocational training | Fortune Warren Buffett says 'accumulating great amounts of money' doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons | Fortune Starbucks' game plan to roll out AI chatbots at cafes could serve as a 'litmus test' for the industry, analyst says | Fortune Data centers and gas demand make boring pipelines great again | Fortune The 'Tuscan Mom' aesthetic is taking over TikTok as Gen Z glamorize McMansions and reject millennial gray | Fortune Man's best friend may soon live a little longer thanks to a new pill promising to extend your pup's lifespan | Fortune Danantara CIO: Indonesia can anchor the AI and energy economy—if governance keeps pace | Fortune OpenAI’s TBPN deal shows how talent, media, and influence are collapsing into one | Fortune AI promises to free workers from grunt work, but psychologists say those mindless tasks are exactly what our brains need to recover | Fortune The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sun Belt, soaring in the Rust Belt | Fortune 'It’s 13 minutes of things that have to go right': Artemis II splashes down despite faulty heat shield | Fortune Fed seeks details on U.S. banks' exposure to private credit firms | Fortune The Navy confirmed an ‘abundant amount’ of Uncrustables when the Artemis II crew lands. Smucker’s just offered them a lifetime supply | Fortune Meet ‘trendslop,’ the new, AI-fueled scourge of workplace consultants everywhere | Fortune Amazon is still paying Jeff Bezos an $80,000 yearly salary—but $1.6 million for travel and security | Fortune Trump-backed World Liberty Financial crypto tokens reach all-time low on reports of insider loans | Fortune Iran is demanding tankers in the Strait of Hormuz pay tolls in crypto: What we know so far | Fortune First they went after medtech, then Kash Patel. Iranian hackers’ next target is likely ‘low-hanging fruit’ in water, energy, and tourism, experts say | Fortune The AI that found 27-year-old vulnerabilities no human ever caught before just forced an emergency meeting with every major Wall Street CEO | Fortune Inflation goes up by a whopping monthly rate of nearly 1%—and it’s hitting you at the grocery store and gas station | Fortune H&R Block is betting it can be more than a tax company | Fortune The real engine of innovation is trust | Fortune Huntington is powering digital growth—by opening a branch almost every 2 weeks, says CFO | Fortune How the 173-year-old glass-maker behind Edison's light bulb and iPhone screens became a Silicon Valley darling | Fortune
Venture capitalist Joe Lonsdale pitched a citywide tunnel system project built by Elon Musk’s Boring Company to the Austin Mayor | Fortune
Jessica Math · 2023-06-28 · via Fortune | FORTUNE

Less than a year after Palantir cofounder Joe Lonsdale’s move to Austin during the pandemic, the venture capitalist got on the phone with the Texas capital’s then-mayor and pitched him on a deal that would transform a key part of the city’s infrastructure—and also happen to benefit one of his investments.

Over that phone call and in subsequent email correspondence, Lonsdale suggested starting small: He and some of his friends would pay for a one-mile, approximately $6 million to $7 million underground tunnel system, built by Elon Musk’s the Boring Company, that would connect his friends’ land around town. He said that the initial mile-long tunnel could spark interest from leadership for a citywide tunnel system that the Boring Company could ultimately build in partnership with the city, and a pitch deck he sent after the call refers to “a growing group of successful citizens” willing to donate or sell land at below-market prices for stations near the airport, Tesla’s Austin gigafactory, the Q2 Stadium, Lonsdale’s house, and his venture capital firm, 8VC.

“i [sic] want to learn what it takes to permit a tunnel to get going that my friends and I help sponsor between various land we own here, just to show it off and inspire our leaders and others how fast and affordable this can be,” Lonsdale wrote in an email to then-Mayor Steve Adler Sept. 19, 2021. (The email, as well as a pitch deck put together by him and other people at Lonsdale’s venture capital firm, 8VC, was obtained by Fortune as part of a Freedom of Information Act request.)

Lonsdale said there would be “two sites” for the stations above ground that would be about a tenth of an acre each and then, “very deep underground,” a “small tunnel” that “would not interfere with anything or be heard when being built.”

Lonsdale, a Boring Company investor, laid out more details in the pitch deck on what could ultimately become a tunnel commuter system to be developed in two phases. The first would be a 34-mile tunnel with eight stations, connecting Austin’s international airport and Q2 Stadium to downtown hotspots. The second phase would add another 278 miles, expanding into the surrounding suburbs with 37 additional stations.

While the proposed 45-station tunnel systems are clearly described as infrastructure for Austin, it’s not clear from the emails and the other documents if Lonsdale’s email suggesting to initially connect his friends’ land with a tunnel was being offered as a transportation system accessible to the public, or as a private subterranean passageway that could be incorporated into any future system for the public.

“I would be fine if this became part of a public project later that might end up covering our costs, but understand we’d be taking some risks if it didn’t,” Lonsdale wrote. “But we can do something that’s for example a mile long for just 6-7 million dollars that a few of us could cover to show it off.”

Austin underground tunnel system proposal, phase 1

Austin underground tunnel system proposal, phase 2

The pitch didn’t specify if Teslas—electric vehicles from another Elon Musk company—would be used to transport people through the tunnel, as some Boring Company pitches or the small-scale Las Vegas project have incorporated, though the deck said that the Boring Company would provide electric vehicle “ferries” to travel through the tunnel system “in minutes,” and it included a photo of a Tesla driving through a tunnel. (Lonsdale and the Boring Company did not respond to multiple requests for comment.)

Adler, whose mayoral term expired at the beginning of this year, said in an interview with Fortune that Lonsdale’s pitch was akin to the 1.7-mile convention center single-lane loop in Las Vegas built by the Boring Company. (It opened in April 2021.) Lonsdale wanted to see something similar in Austin, according to Adler: “To do what they were doing in Las Vegas, but to do that at a greater scale.”

Lonsdale disclosed that he was an investor in the Boring Company in his pitch deck to the mayor, but also noted that he was making his pitch as a “concerned citizen” and that the deck was not an “official document published by the Boring Company,” documents show. Lonsdale’s slides pegged the estimated cost of the two phases of a Boring Company build-out at $304 million and $2.3 billion.

The Boring Company sent in a separate pitch around the same time, Adler says, wanting to bore the tunnels that would be needed for the underground light-rail system the city was working on at the time as part of the Austin transit expansion project approved in 2020 called Project Connect. (The Boring Company reportedly pitched at least eight separate projects to various Texas officials between 2021 and June 2022.)

Adler referred both proposals to the city’s transportation and Capital Metropolitan Transportation Authority staff, who ultimately did not pursue either, he says. “I don’t think there was a formal report out from city staff or from Capital Metro with respect to involving the Boring Company. I just know that it didn’t happen,” Adler says. (A representative for the Austin Transit Partnership declined to comment and the Capital Metropolitan Transportation Authority did not respond to a request for comment. Fortune has requested a final report regarding the Boring Company’s light-rail tunnel proposal, but did not receive a response before time of publication.)

Transportation has become a hot-button topic in Austin over the last decade, as transplants like Lonsdale have moved into the city in droves, whether it be for the state’s zero income tax, lower cost of living, or music scene. Between 2010 and 2020, Austin’s population grew by 36%, according to Census Bureau data, leading to increased traffic and skyrocketing housing costs

Austin’s Project Connect plan is meant to alleviate some of the newfound traffic and make the city more accessible on foot, though it’s coming with a steep price tag and the initial proposal has undergone several adjustments. The Austin Transit Partnership, which is responsible for implementing the project, has walked back plans for a downtown tunnel and an underground shopping center due to the estimated $11 billion price tag, and the project’s financing may be under threat from legislators, according to the Austin American-Statesman. Lonsdale’s pitch emphasized cost and speed, asserting that the Boring Company could complete the second phase of its electric-car-based tunnel in 3.3 years, at a 92% cheaper cost per mile than the Project Connect light-rail system. That being said, the Boring Company does not have a strong track record for bringing proposed city projects to fruition.

In the slide proposing that his friends would pitch in land to the project, Lonsdale described the unnamed participating landowners as citizens who were “ready to help.”

“We have gathered a growing group of successful citizens who are invested in protecting our city’s culture, cost of living, and environment,” the slide reads.

Adler said he was glad Lonsdale was interested and had taken the time to put forth a plan. “It takes some effort to do that,” he says, “and most people don’t put forth that effort. So I was pleased he did it.”

Update, June 28, 2023: This story was updated to include that the Austin Transit Partnership declined to comment.