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Who will buy TikTok from ByteDance?
  + stars: | 2024-03-14 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
At $100 billion, there are few companies that could afford to buy TikTok outright. Citing people familiar with the matter, the Journal wrote that Kotick “floated the idea of partnering to buy TikTok to a table of people that included OpenAI CEO Sam Altman.”CNN couldn’t independently confirm the report. Its one go at the social media scene, the buggy and short-lived Ping, was one of Apple’s biggest flops. And any tech executive or private equity investor thinking of buying TikTok would need to be prepared to enter the social media quagmire. A key question in assessing the value of a TikTok deal is whether China would allow ByteDance to export its algorithm — the secret sauce that keeps TikTok users glued to their phones.
Persons: CNN Business ’, There’s, Joe Biden’s, who’d, Dan Ives, ” Ives, Who’s, , Gene Kimmelman, OpenAi, Bobby Kotick, Activision Blizzard, , Sam Altman, ” CNN couldn’t, Altman didn’t, doesn’t, quagmire, They’d, Mark Zuckerberg, Shou Chew, It’s, Trump, , Brian Fung Organizations: CNN Business, New York CNN, Senate, Microsoft, Department, Google, ” Meta, Facebook, Street Journal, Activision, ” CNN, Kotick, Apple, Oracle, Walmart, Communist Party, ByteDance Locations: New York, United States, Beijing, Europe, China
Sam Altman is back at OpenAI … with a guest badge
  + stars: | 2023-11-19 | by ( David Goldman | ) edition.cnn.com   time to read: +3 min
New York CNN —Sam Altman is back at OpenAI. But Altman, Brockman and Sutskever in 2019 formed OpenAI LP, a for-profit entity that exists within the larger company’s structure. Altman had pushed the for-profit company to innovate faster and go to market with products. If not, Altman reportedly may opt for another venture, perhaps taking loyalists away from OpenAI to his new landing spot. Either way, OpenAI’s board made a consequential decision that will make massive waves in the AI industry for years to come.
Persons: Sam Altman, , ” Altman, Greg Brockman, Brockman, Altman, Altman haven’t, Ilya Sutskever, Adam D’Angelo, Tasha McCauley, Helen Toner, Altman “, Kara Swisher, OpenAI Organizations: New, New York CNN, Wall Street, New York Times, Microsoft, GeoSim Systems, Georgetown’s Center for Security, Emerging Technology, CNN Locations: New York, OpenAI, San Francisco, Sutskever
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