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Charlie Kirk assassination: FBI director angrily vented about perceived failure to keep him informed

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Hours after the assassination of conservative activist Charlie Kirk, FBI Director Kash Patel declared online that “the subject” in the killing was in custody. The shooter was not. The two men who had been detained were quickly released, and Utah officials acknowledged that the gunman remained at large.

The false assurance was more than a slip. It spotlighted the high-stakes uncertainty surrounding Patel’s leadership of the bureau when its credibility — and his own — are under extraordinary pressure.

Patel now approaches congressional oversight hearings this coming week facing not just questions about that investigation but broader doubts about whether he can stabilize a federal law enforcement agency fragmented by political fights and internal upheaval.

Democrats are poised to press Patel on a purge of senior executives that has prompted a lawsuit, his pursuit of President Donald Trump’s grievances long after the Russia investigation ended, and a realignment of resources that has prioritized the fight against illegal immigration and street crime even though the agency has for decades been defined by its work on complicated threats like counterintelligence and public corruption.

That’s in addition to questions about the handling of files from the Jeffrey Epstein sex trafficking case, the addition of a co-deputy director to serve alongside Dan Bongino, and the use of polygraphs on some agents in recent months to identify sources of leaks. Republicans, meanwhile, are likely to rally to his defense or redirect the spotlight toward the bureau’s critics.

The hearings will offer Patel his most consequential stage yet, and perhaps the clearest test of whether he can convince the country that the FBI, under his watch, can avoid compounding its mistakes in a time of political violence and deepening distrust.

“Because of the skepticism that some members of the Senate have had and still have, it’s extremely important that he perform very well at these oversight hearings” on Tuesday and Wednesday, said Gregory Brower, a former FBI executive who served as its top congressional affairs official.

The FBI declined to comment about Patel’s coming testimony to the committee.

He claimed the subject was ‘in custody’

Kirk’s killing was always going to be a closely scrutinized investigation, not only because it was the latest burst of political violence inside the United States but also because of Kirk’s friendships with Trump, Patel and other administration figures and allies.

While agents from Salt Lake City investigated, Patel’s account on the social media platform X posted that “the subject for the horrific shooting today that took the life of Charlie Kirk is now in custody.” Utah Gov. Spencer Cox said at a near-contemporaneous news conference that “Whoever did this, we will find you,” suggesting authorities were still searching. Patel soon after posted that the person in custody had been released.

“That does not deliver the message that you want the public to hear,” said Chris O’Leary, a retired FBI counterterrorism executive. “It had the opposite effect. People start to wonder what is going on. This looks like the Keystone Cops and it continues to get worse.”

The next day, a scheduled afternoon news conference was canceled for “rapid developments” as Patel and Bongino flew to Utah. It was held instead in the evening. Patel appeared but did not speak.

As the search stretched on for over a day, Patel angrily vented to FBI personnel Thursday about what he perceived as a failure to keep him informed, including that he was not quickly shown a photograph of the suspected shooter. That’s according to two people familiar with the matter who were not authorized to discuss it by name and spoke on condition of anonymity to The Associated Press. The New York Times earlier reported details of the call.

Asked about the scrutiny of his performance, the FBI issued a statement saying that it had worked with local law enforcement to bring the suspected shooter, Tyler Robinson, to justice and “will continue to be transparent with the American people.”

Patel’s overall response did not go unnoticed in conservative circles. One prominent strategist, Christopher Rufo, posted on X that it was “time for Republicans to assess whether Kash Patel is the right man to run the FBI.”

Patel, at a news conference Friday and again on social media Saturday, touted his oversight of the investigation, highlighting his decision to publicize photographs of Robinson as a key break in the investigation. Robinson’s father recognized him from the photos, setting off a chain of events that resulted in the son turning himself in.

Patel received support Saturday from Trump. He reposted on X a post from a Fox News Channel journalist who said she had spoken with Trump and that the president had said that Patel and the FBI “have done a great job.”

Then there’s the personnel purge

On the same day Kirk was killed, Patel faced a separate problem: a lawsuit from three FBI senior executives fired in an August purge that wiped away decades of institutional experience and that they characterized as a Trump administration retribution campaign.

Among them was Brian Driscoll, who as acting FBI director in the early days of the Trump administration resisted Justice Department demands for names of agents who investigated the Jan. 6, 2021, riot at the Capitol. Driscoll alleged in the lawsuit that he was let go following a clash with Patel over administration demands to fire an FBI pilot who had been wrongly identified on social media as the case agent in the classified documents investigation of Trump.

The lawsuit quotes Patel as having told Driscoll his job depended on firing people the White House wanted gone. The FBI has declined to comment on the lawsuit.

The other plaintiffs are Spencer Evans, a former top agent in Las Vegas whose termination letter cited a “lack of reasonableness and overzealousness” in implementing COVID-19 policies while serving as a human resources official — a claim his lawyers call false — and Steve Jensen, who helped oversee FBI investigations into the Jan. 6. Capitol riot.

The upheaval continues a trend that began even before Patel took over, when more than a half-dozen of the bureau’s most senior executives were forced out under a Justice Department rationale that they could not be “trusted” to implement Trump’s agenda.

There’s since been significant turnover in leadership at the FBI’s 55 field offices. Some left because of promotions and planned retirements, but others because of ultimatums to accept new assignments or resign. The head of the Salt Lake City office, an experienced counterterrorism investigator, was pushed out of her position weeks before Kirk was killed at a Utah college, said people familiar with the move.

In July, an agent based in Norfolk, Virginia, Michael Feinberg, authored a first-person account saying he was told to brace for a demotion and a polygraph exam because of his friendship with Peter Strzok , a lead FBI agent in the investigation into tiesbetween Russia and Trump’s 2016 campaign fired over derogatory text messages sent about Trump. Feinberg resigned instead.

FBI’s priorities shift under Patel

Patel arrived at the FBI having been a sharp critic of its leadership, including for investigations into Trump that he says politicized the institution. Under Patel and Attorney General Pam Bondi, the FBI and Justice Department have become entangled in their own politically fraught inquiries, such as one into New York Attorney General Letitia James.

He’s moved quickly to remake the bureau, with the FBI and Justice Department working to investigate one of the Republican president’s chief grievances — the years-old Trump-Russia investigation. Trump has routinely called that probe, which did not establish a criminal conspiracy between Russia and Trump’s campaign, a “hoax” and “witch hunt.”

The Justice Department appeared to confirm in an unusual statement that it was investigating former FBI Director James Comey and former CIA Director John Brennan, pivotal players in the Russia saga listed by Patel in a book he authored as “members of the Executive Branch Deep State,” but did not say for what. Bondi has directed that evidence be presented to a grand jury, and agents and prosecutors have begun requesting information and interviews from former officials related to the investigation, according to multiple people familiar with the outreach.

Critics of the fresh Russia inquiry consider it a transparent attempt to turn the page from the fierce backlash the FBI and Justice Department endured from elements of Trump’s base following their July announcement that they would not be releasing any additional documents from the Epstein investigation.

Patel has meanwhile elevated the fight against street crime, drug trafficking and illegal immigration to the top of the FBI’s agenda, in alignment with Trump’s agenda.

The FBI has been key to the federal government’s takeover of the Washington police department, participating with partner agencies in arrests for crimes, like drunken driving, not historically thought of as central FBI priorities.

The bureau makes no apologies for aggressive policing in American cities the Trump administration contends have been consumed by crime. Patel and Bongino have been promoting the number of arrests involving federal law enforcement in an initiative they dub Operation Summer Heat. Patel says the thousands of cumulative arrests, many of them immigration-related, are “what happens when you let good cops be good cops.”

But some are concerned the street crime focus could draw attention from the sophisticated public corruption and national security threats for which the bureau has long been primarily, if not solely, responsible for investigating. In one example, a federal corruption squad in Washington was disbanded this past spring.

“One of the big problems that I see is that the investigative programs that have been hurt the most this year are the ones that really only the FBI does, or the FBI does better than anybody else,” said Matt DeSarno, who retired in 2022 as head of the Dallas field office.



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5 VCs sounds off on the AI question du jour

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The views seem to range from bubble-wary to bubble-dismissive. We hashed it all out over eggs and sausages at Fortune’s IRL Term Sheet Breakfast at Brainstorm AI in San Francisco yesterday. This is Amanda Gerut, Fortune’s West Coast news editor, pinch-hitting for my colleague Allie Garfinkle.

Allie hosted five VCs with funds ranging in size from $5 million to $25 billion and views varied across the panel. This group alone is collectively going to deploy anywhere from tens to hundreds of millions over the next decade into companies with AI as a backdrop and these investments will either prove spectacularly right or wrong.

Here’s a roll call:

Jenny Xiao, partner at Leonsis Capital and former researcher at OpenAI, came in with a nuanced take. There’s something of a bubble, but it’s “relatively contained” in the infrastructure layer with overinvestment primarily in data centers, GPUs and in large language model companies. But right now, there’s actually underinvestment in the application layer because there are so many ways AI can make an impact in various enterprises, Xiao said. 

Vanessa Larco, former partner at New Enterprise Associates (NEA) and co-founder of new venture firm Premise, has a contrarian view. “Everyone thinks enterprise is safer,” Larco said. “But I actually think the consumer might, this time around in the current environment, be what survives.” Larco’s reasoning is that if a consumer adopts your AI product, it’s because you’re giving them something faster, “radically cheaper, or much easier to use.” Once you’ve done that and built a brand, it’s very hard for people to quit you. 

Rob Biederman, managing partner at Asymmetric Capital Partners and chairman of Catalant Technologies, had a sobering view. “In every boom, 99% or 99.9% of companies fail, and one or two of them become Amazon or Google,” said Biederman, who had to dash off to catch a flight. Only companies that can systematically create value for customers, which most of them aren’t doing right now, will survive. 

Aaron Jacobson, partner at NEA, said the history of technological innovation “is always overhyped in the near term and underhyped in the long term, and that will be true of AI.” So at some point there will be a correction and there will be cycles of pain around valuation and funding, “but ultimately, in 10 years, we’re going to have a lot of really big, impactful companies.”

Daniel Dart, founder and general partner of Rock Yard Ventures, had the boldest counter to fears about a bubble. He sees a total addressable market we can’t yet imagine. People think self-driving Waymos will replace Ubers, but Dart sees elementary schools and elderly care centers with Waymos waiting out front and that proves to him we’re still in the early innings. 

“You’re really going to tell me there aren’t going to be any trillion-dollar companies in 2030 or 2034? No one here is going to take that bet,” said Dart. “There is going to be so much value creation that it’s like the birth of fire.”

See you tomorrow,

Amanda Gerut
Email:
Amanda.gerut@fortune.com
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Joey Abrams curated the deals section of today’s newsletter.Subscribe here.

Venture Deals

Saviynt, an El Segundo, Calif.-based identity security platform, raised $700 million in series B funding. KKR led the round and was joined by SixthStreetGrowth, TenEleven and existing investor CarrickCapitalPartners.

fal, a San Francisco-based AI-generated media platform, raised $140 million in Series D funding. Sequoia led the round and was joined by KleinerPerkins, NVentures, and AlkeonCapital.

Radial, a New York City-based network designed to help patients access advanced mental health treatments, raised $50 million in Series A funding. GeneralCatalyst led the round and was joined by SolariCapital, SLHealthCapital, FounderCollective, BoxGroup, ScrubCapital, and DiedevanLamoen.

Relation, a London, U.K.-based developer of medicines for immunology, metabolic, and bone diseases, raised $26 million in funding from NVentures, DCVC, and MagneticVentures.

Aradigm, a New York City-based benefits platform for cell and gene therapies, raised $20 million in Series A funding. FristCresseyVentures led the round and was joined by AndreessenHorowitz and MorganHealth

PrimeSecurity, a Tel Aviv, Israel and New York City-based AI-powered platform designed to detect and mitigate risks during software design, raised $20 million in Series A funding. ScaleVenturePartners led the round and was joined by FoundationCapital, FlybridgeVentures, and others.

Algori, a Madrid, Spain-based AI-powered shopper insights platform for the fast-moving consumer goods industry, raised €3.6 million ($4.2 million) in funding from RedBullVentures, Co-invest Capital, AttaPoll, and others.

EmpromptuAI, a San Francisco-based platform designed to help transition SaaS products into AI-native systems, raised $2 million in pre-seed funding. PrecursorVentures led the round and was joined by AlumniVentures, FoundersEdge, RogueWomenVC, and others.

Private Equity

AppDirect, backed by CDPQ, acquired vComSolutions, a San Ramon, Calif.-based IT management platform, at an enterprise valuation of more than $100 million.

JensenHughes, backed by GryphonInvestors, acquired SafetyManagementServices, a West Jordan, Utah-based fire and life safety company. Financial terms were not disclosed.

NewStateCapitalPartners acquired a majority stake in Harrell-Fish, a Bloomington, Ind.-based mechanical installation and maintenance services provider. Financial terms were not disclosed.

PestCoHoldings, a portfolio company of ThompsonStreetCapital, acquired SouthwestExterminating, a Houston, Texas-based pest control provider. Financial terms were not disclosed.

ProsperityPartners, backed by UnityPartners, acquired a majority stake in Farkouh, Furman & Faccio, a New York City-based provider of tax, attest, accounting and business consulting services. Financial terms were not disclosed.

SEVA acquired a minority stake in Pronto, a Lehi, Utah-based team communications platform designed for front–line employers and higher education institutions. Financial terms were not disclosed.

Exits

ArclineInvestmentManagement acquired Altronic, a Girard, Ohio-based supplier of ignition, control, and instrumentation systems for critical infrastructure power systems, from HOERBIGERGroup. Financial terms were not disclosed.

BerkshirePartners agreed to acquire UnitedFlowTechnologies, an Irving, Texas-based process and equipment solutions company for water and wastewater systems, from H.I.G.Capital. Financial terms were not disclosed.

BessemerInvestors acquired Xanitos, a Newtown Square, Penn.-based provider of environmental services, patient transport, patient observation, and linen services, from AngelesEquityPartners. Financial terms were not disclosed.

ShareRockPartners acquired a majority stake in AMAGTechnology, a Hawthorne, Calif.-based physical security solutions provider, from AlliedUniversal.



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Coupang CEO resigns over historic South Korean data breach

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Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a regulatory and political backlash against the country’s dominant online retailer.

The company said in a statement on Wednesday that Park had stepped down over his role in the breach. It appointed Harold Rogers, chief administrative officer for the retailer’s U.S.-based parent company Coupang Inc., as interim head.

Park becomes the highest-profile casualty of a crisis that’s prompted a government investigation and disrupted the lives of millions across Korea. Nearly two-thirds of people in the country were affected by the breach, which granted unauthorized access to their shipping addresses and phone numbers.

Police raided Coupang’s headquarters this week in search of evidence that could help them determine how the breach took place as well as the identity of the hacker, Yonhap News reported, citing officials.

Officials have said the breach was carried out over five months in which the company’s cybersecurity systems were bypassed. Last week President Lee Jae Myung said it was “truly astonishing” that Coupang had failed to detect unauthorized access of its systems for such a long time.

Park squared off with lawmakers this month during an hours-long grilling. Responding to questions about media reports that claimed the attack had been carried out by a former employee who had since returned to China, he said a Chinese national who left the company and had been a “developer working on the authentication system” was involved.

The company faces a potential fine of up to 1 trillion won ($681 million) over the incident, lawmakers said.

Coupang founder Bom Kim has been summoned to appear before a parliamentary hearing on Dec. 17, with lawmakers warning of consequences if the billionaire fails to show.

Park’s departure adds fresh uncertainty to Coupang’s leadership less than seven months after the company revamped its internal structure to make him sole CEO of its Korean operations. In his new role, Rogers will focus on addressing customer concerns and stabilizing the company, Coupang said.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.



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Databricks CEO Ali Ghodsi says company will be worth $1 trillion by doing these three things

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Ali Ghodsi, the CEO and cofounder of data intelligence company Databricks, is betting his privately held startup can be the latest addition to the trillion-dollar valuation club.

In August, Ghodsi told the Wall Street Journalthat he believed Databricks, which is reportedly in talks toraise funding at a $134 billion valuation, had “a shot to be a trillion-dollar company.” At Fortune’s Brainstorm AI conference in San Francisco on Tuesday, he explained how it would happen, laying out a “trifecta” of growth areas to ignite the company’s next leg of growth.

The first is entering the transactional database market, the traditional territory of large enterprise players like Oracle, which Ghodsi said has remained largely “the same for 40 years.” Earlier this year, Databricks launched a link-based offering called Lakehouse, which aims to combine the capabilities of traditional databases with modern data lake storage, in an attempt to capture some of this market.

The company is also seeing growth driven by the rise of AI-powered coding. “Over 80% of the databases that are being launched on Databricks are not being launched by humans, but by AI agents,” Ghodsi said. As developers use AI tools for “vibe coding”—rapidly building software with natural language commands—those applications automatically need databases, and Ghodsi they’re defaulting to Databricks’ platform.

“That’s just a huge growth factor for us. I think if we just did that, we could maybe get all the way to a trillion,” he said.

The second growth area is Agentbricks, Databricks’ platform for building AI agents that work with proprietary enterprise data.

“It’s a commodity now to have AI that has general knowledge,” Ghodsi said, but “it’s very elusive to get AI that really works and understands that proprietary data that’s inside enterprise.” He pointed to the Royal Bank of Canada, which built AI agents for equity research analysts, as an example. Ghodsi said these agents were able to automatically gather earnings calls and company information to assemble research reports, reducing “many days’ worth of work down to minutes.”

And finally, the third piece to Ghodsi’s puzzle involves building applications on top of this infrastructure, with developers using AI tools to quickly build applications that run on Lakehouse and which are then powered by AI agents. “To get the trifecta is also to have apps on top of this. Now you have apps that are vibe coded with the database, Lakehouse, and with agents,” Ghodsi said. “Those are three new vectors for us.”

Ghodsi did not provide a timeframe for attaining the trillion-dollar goal. Currently, only a handful of companies have achieved the milestone, all of them as publicly traded companies. In the tech industry, only big tech giants like Apple, Microsoft, Nvidia, Alphabet, Amazon, and Meta have managed to cross the trillion-dollar threshold.

To reach this level would require Databricks, which is widely expected to go public sometime in early 2026, to grow its valuation roughly sevenfold from its current reported level. Part of this journey will likely also include the expected IPO, Ghodsi said.

“There are huge advantages and pros and cons. That’s why we’re not super religious about it,” Ghodsi said when asked about a potential IPO. “We will go public at some point. But to us, it’s not a really big deal.”

Could the company IPO next year? Maybe, replied Ghodsi.



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