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☆ Amazon CEO: An 'embarrassing' amount of your success depends on this one skill
▼ + stars: | 2024-05-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

The trick to getting ahead at work isn't being the fastest learner or the smartest in the room — it's having a positive attitude, says Amazon CEO Andy Jassy. Jassy, who took the top job at Amazon after Jeff Bezos stepped down in 2021, shared his "best career advice" in a new interview with LinkedIn CEO Ryan Roslansky. "I think an embarrassing amount of how well you do, particularly in your 20s, has to do with attitude," Jassy, 56, said. Having a positive attitude means you work well on a team and honor deadlines, among other strengths. Regardless of where you're at in your career, having a positive attitude can help you build stronger relationships in the workplace.

Persons: isn't, Andy Jassy, Jassy, Jeff Bezos, Ryan Roslansky, It's, Jeff Organizations: Amazon, Research, CNBC

☆ Roaring Kitty's tweet sent GameStop spiking. The company's cofounder shares his outlook on where the stock is headed and advises hedge funds on how to navigate it.
▼ + stars: | 2024-05-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

There's no sense in this, said Gary Kusin, the cofounder of Babbage, the company to which GameStop traces its roots. Imagine if Taylor Swift's brand or company went public, and all the Swifties bought stock, the shares would be overvalued. What Wall Street doesn't understand is that there are Swifties in the video game industry. "If I worked on Wall Street, I would find some other stocks and some other places to go; I wouldn't touch GameStop." And I believe that's exactly what's ailing Wall Street right now," Kusin said.

Persons: Michael Burry, Keith Gill, Gary Kusin, Babbage, Kusin, It's, Taylor, Swifties, Shorting, doesn't, Citron, Brooks, Macy's Organizations: GameStop, Melvin Capital Management, Technology, S3 Partners

☆ Mark Zuckerberg and Bill Gates squeezed into a mini-version of the Meta CEO's Harvard dorm for his 40th birthday bash
▼ + stars: | 2024-05-14 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg's 40th birthday bash featured recreations of his old bedrooms. Bill Gates, in a black hoodie, hung out in a replica of Zuckerberg's Harvard dorm room. AdvertisementMark Zuckerberg's 40th birthday bash gave us a glimpse of an alternate universe where Zuck and Bill Gates are college roommates. The slideshow shows him in mini-replicas of some of his former cribs — including the Harvard dorm room where he launched Facebook. Gates, in a black hoodie, blue-gray gym shorts, and tennis shoes, was crouched on a little red sofa next to him.

Persons: Mark Zuckerberg's, Bill Gates, Zuckerberg, — Organizations: Harvard, Service, Business Locations: Gates, Harvard

☆ Target says Pride collection will appear in 'select' stores, cuts LGBTQ apparel for kids
▼ + stars: | 2024-05-10 | by ( Rob Wile | Matt Lavietes | ) www.cnbc.com time to read: +2 min

A customer walks by a Pride Month merchandise display at a Target store on May 31, 2023 in San Francisco, California. Target will limit which stores sell LGBTQ-themed products following last year's firestorm over its decision to sell products designed for transgender people. It added that in addition to selling LGBTQ-themed home and food and beverage items, apparel from its Pride collection this year will be tailored to adults. No Pride apparel for children will be sold. The latest decision, first reported by Bloomberg News, represents a change from offering the products in all Target stores, as the company has done in previous years.

Organizations: Pride, Bloomberg News, Pride Month, Target Locations: San Francisco , California, Target

☆ Planet Fitness is raising prices even as it warns customers are growing cost-conscious
▼ + stars: | 2024-05-09 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

Planet Fitness said it's hiking its base-level membership prices for new customers for the first time since 1998, even as the gym operator warns that customers are growing increasingly cost-conscious. Current members will continue to pay $10 per month "for the duration of their membership," Planet Fitness said Thursday alongside its quarterly earnings report. Planet Fitness also said it will start testing higher prices for its top-tier membership, known as the Black Card, this summer. Life Time members tend to be older, more affluent gymgoers, whereas Planet Fitness appeals to a younger, more budget-conscious consumer. The Street is bullish on a company turnaround from Planet Fitness' incoming CEO, Colleen Keating, who assumes the role on June 10.

Persons: Tom Fitzgerald, Craig Benson, Benson, Piper Sandler, Korinne Wolfmeyer, Colleen Keating Organizations: Time Holdings, White, Fitness

☆ Wall Street analyst jumps to Disney's defense — plus, why Broadcom is bucking the chip decline
▼ + stars: | 2024-05-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Both Arista and Broadcom are on the Ethernet side of AI networking," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we'll, Laxman, Narasimhan, Howard Schultz, Jim Cramer's, Jim Organizations: CNBC, Dow, Dow Jones, Nasdaq, Broadcom, Arista Networks, Arista, Starbucks, Barclays, Disney, Arm Holdings, Warner Bros, Constellation Energy, Jim Cramer's Charitable

☆ Mark Zuckerberg is now California's richest billionaire after his fortune surged over the last year, report says
▼ + stars: | 2024-05-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg is California's richest billionaire, with a net worth of $177 billion, per Forbes. AdvertisementMark Zuckerberg is now the richest billionaire in California, with a net worth of $177 billion, a new Forbes report said. The report, which maps out the richest billionaire in each state for 2024, said the Meta CEO overtook Google cofounder Larry Page as the Golden State's richest person. AdvertisementZuckerberg's net worth placed him behind Texas' richest person, Tesla CEO Elon Musk, and Amazon founder Jeff Bezos, who took the title in Florida. The 54 billionaires researched by Forbes for the report were together worth $1.6 trillion, $100 billion more than in 2023, the outlet said.

Persons: Mark Zuckerberg, Zuckerberg, —, Larry Page, Elon Musk, Jeff Bezos Organizations: Forbes, Service, Meta, Golden, Amazon, Business Locations: California, Meta, Texas, Florida, San Francisco, Palo Alto, Tahoe, Kauai, Hawaii

☆ Amazon stock has 17% upside as earnings reveal a 'new era' of profits for the tech titan, Bank of America says
▼ + stars: | 2024-05-01 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Bank of America boosted Amazon's price target after earnings to $210, eyeing 17% upside from Wednesday's price levels. Amazon's Q2 guidance slightly fell short of Wall Street's expectations, but Bofa still sees upside ahead. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAmazon stock could soar as its latest earnings herald a "new era" of profits for the tech behemoth, according to Bank of America. On the guidance front, Amazon expects Q2 net sales to range between $144.0 billion and $149.0 billion, 2.5% below the estimated $150.21 billion.

Persons: Bofa, —, Justin Post, BofA Organizations: of America, Service, Bank of America . Bank of America, Amazon

☆ Tesla stock drops as Elon Musk reportedly announces hundreds more layoffs including senior execs
▼ + stars: | 2024-04-30 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Tesla stock dropped as much as 5% on Tuesday amid reports of more layoffs at the company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementShares of Tesla dropped as much as 5.5% on Tuesday amid reports that Elon Musk announced hundreds more layoffs, including two high-level executives. The loss eats into some of Monday's big gain following the Tesla CEO's trip to China. Tesla stock is down almost 30% since the beginning of this year, while its rating and price target were slashed by a number of Wall Street analysts.

Persons: —, Tesla, Elon, Rebecca Tinucci, Daniel Ho, Rohan Patel Organizations: Service, Elon Musk, Elon, The, Wall Street, EV Locations: China, New York

☆ Musk lays off Tesla senior executives in fresh job cuts, The Information reports
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: +2 min

Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing the CEO's email to senior managers. Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, will leave on Tuesday morning, the report said. Musk also plans to dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group, The Information said. Tesla, which had 140,473 employees globally as of end-2023, did not immediately respond to a Reuters' request for comment.

Persons: Tesla, Elon Musk, Rishi Sunak, Rebecca Tinucci, Daniel Ho, Musk, Ho, Rohan Patel, Tinucci, — Patel, Drew Baglino — Organizations: British Locations: London, China, Beijing, India

☆ Billionaire Cloudflare CEO's lawsuit over his neighbors' dogs is getting wild
▼ + stars: | 2024-04-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Matthew Prince is suing his Park City neighbors over their Bernese Mountain dogs. They say it's retaliation for opposing Prince's plans to build his dream home. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMatthew Prince, the billionaire cofounder of cybersecurity company Cloudflare, is waging a legal battle with his neighbors over their Bernese Mountain dogs, Sasha and Mocha. But his neighbors, Eric Hermann and Susan Fredstom-Hermann, say the suit is actually retaliation for opposing Prince's plans to build his dream home in the ritzy ski town, The Wall Street Journal reports.

Persons: Matthew Prince, Prince, —, Eric Hermann, Susan Fredstom, Hermann Organizations: City, City Hall, Service, Street, Business Locations: Mocha

☆ The American Kennel Club's pedophile problem
▼ + stars: | 2024-04-23 | by ( Katherine Long | ) www.businessinsider.com time to read: +26 min

The mother contacted the American Kennel Club, the organization that oversees most dog shows in the country. The AKC helps local kennel clubs enforce rules about conduct and animal treatment. The bulk of the organization's income comes from the dog-show community, in the form of event and registration fees paid by local kennel clubs and breeders. The debate is taking place as kennel clubs try to entice younger children to show dogs. Many dog shows include competitions for junior handlers, including a "Pee Wee" division for kids under the age of 10.

Persons: Adam Wilkerson, She'd, Wilkerson, —, It's, Brandi Hunter Munden, Munden, eyeing, Andrew Mansfield, Mansfield, Walter Palmerino, Palmerino, I'm, John Cathcart McCartney, McCartney, Eugene Zaphiris, Zaphiris, he's, Adam Stafford King, King, Jacob Boudreau, Boudreau, Dennis, Margaret Poindexter, Deb Cooper, Ashley Miller, Miller, Shimpeno's, Shimpeno, Mary Dukes, Dukes, they've, it's, Susan Shephard, West Volusia Kennel Club Shephard, hadn't, Shephard, Tonda Curry, Curry, who's, Paige McCarver, groomer, McCarver, She's, we're, Wilkerson's, she's Organizations: Westminster Kennel, Business, BI, American Kennel Club, AKC, Getty, Dog, Wisconsin, Police, American Kennel, Grand Central, Purina, ABC, ESPN, AKC Canine Health Foundation, AKC Museum, Preservation Bank, Mars, Royal, Dog News, Kids, Florida's West Volusia Kennel Club, West Volusia Kennel Club, Boy Scouts, New York Times, US Equestrian Federation Locations: Dallas, Michigan, Florida, Louisiana, Massachusetts, American, Wee, Munden, Texas, Arizona

☆ While some companies are cutting the CMO role, Gen Z marketers still strive for the top job
▼ + stars: | 2024-04-22 | by ( Leila Jordan | ) www.businessinsider.com time to read: +7 min

The CMO role at several companies, including Walgreens, Uber, and Starbucks, has been eliminated. A 2023 McKinsey report found that 40% of Fortune 500 companies don't have a CMO or another growth- or customer-related position in their CEO's executive committee. But role models like Rare Beauty's CMO, Katie Welch, offer young marketers hope for the profession's future. "Businesses that are eliminating the CMO role or pulling it into something else, the leadership in those companies don't see the value of marketing," she said. "She knows how to market to Gen Z," Hyams said.

Persons: —, Katie Welch, Piper Phillips, Piper Phillips Piper Phillips, Phillips, I've, Natasha Badger, Badger, Katie Welch Lindsey Hyams, Lindsey Hyams, Hyams, Z, Welch, Vijat Organizations: Service, Walgreens, Uber, Starbucks, McKinsey, Fortune, Business, Tru, LinkedIn, Lindsey Hyams Industry Locations: —

☆ Huawei just gave Tim Cook a new headache in China
▼ + stars: | 2024-04-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

AdvertisementTim Cook would like you to think everything is going swimmingly for Apple in China. It's already won over some consumers since launching the Mate 60 Pro series last year. The Huawei Mate 60 rivals the latest iPhone. They expect another decline in iPhone sales in the region in Apple's quarterly earnings on May 2. Cook might be putting on a brave face, but iPhone sales in China may keep sliding if Huawei has its way.

Persons: —, Tim Cook, Cook, there's, It's, They're, Wang Gang, Ivan Lam, Apple Organizations: Apple, Huawei, Service, Bund, Counterpoint Research, Publishing, Washington, Reuters Locations: China, Shanghai's Jing'an, Cook, iPhones, Greater China

☆ Google's CEO says its workplace isn't a place to 'fight over disruptive issues or debate politics'
▼ + stars: | 2024-04-18 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Sundar Pichai said in a blog post the office isn't a place to "debate politics." Google fired 28 workers involved in protests against its $1.2 billion contract with Israel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The CEO's message, which comes only two days after in-office protests, is loud and clear: the office isn't a place for politics. That separate memo had told workers to "think again" before violating company policies with sit-in protests.

Persons: Sundar Pichai, —, Sundar Pichai's splashy Organizations: Google, Israel, Service, Google's, Business Locations: Israel, Sunnyvale and New York City

☆ AI startup Stability lays off 10% of staff after controversial CEO's exit: Read the full memo
▼ + stars: | 2024-04-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023. Beleaguered artificial intelligence startup Stability is laying off employees after the exit of its controversial former CEO Emad Mostaque. The company's newly appointed co-CEOs Shan Shan Wong and Christian Laforte told employees in an email Wednesday night that the firm needed to "restructure parts of the business, which will sadly mean saying goodbye to some colleagues." "Those who are affected by this have been notified individually and we will be supporting them throughout this period," Wong and Laforte, who were previously chief operating officer and chief technology officer at the company, respectively, said in the internal memo. Stability AI's layoffs amount to about 10% of its global headcount, according to publicly available data online which shows the firm employs around 200 people in total.

Persons: Emad Mostaque, Emad, Shan Shan Wong, Christian Laforte, Wong, Laforte Organizations: Bloomberg Technology Summit, CNBC Locations: San Francisco , California

☆ Barbara Corcoran made a $200,000 'Shark Tank' offer on one condition: Power to revamp the CEO's entire business
▼ + stars: | 2024-04-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Angie Cella was a "Shark Tank" investor's perfect candidate, according to the show's judges: a big dreamer and go-getter with a powerful backstory. The only catch, the investors said on Friday's episode of the ABC show: Cella's business needed a major overhaul, and Barbara Corcoran wanted to be the woman for the job. Cella sold her house to cover the costs, she said — moving herself and her four children into a rented townhome, while working virtually with a factory in China to bring Blinger to life. By the time of filming last year, the product was projected to bring in $4.2 million in annual sales, Cella said. She asked the show's investor judges for $200,000, in exchange for 5% of her product, which she sold through a parent company she named GEMC².

Persons: Angie, Barbara Corcoran, Cambria, —, GEMC Organizations: ABC Locations: Avondale , Pennsylvania, China

Berkowitz, 43, is the CEO and co-founder of Insomnia Cookies, a chain of late-night bakeries he started in 2002 as a college side hustle while attending the University of Pennsylvania. "2009 and 2010 [were] some of the hardest years ever at Insomnia Cookies," says Berkowitz. His wife Rebecca — who's also responsible for the name "Insomnia Cookies," Berkowitz says — responded with some perspective and optimism. "When I talk about the brand and our journey, [I often say] that Insomnia Cookies is a perseverance story," says Berkowitz. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Seth Berkowitz, Berkowitz, Krispy Kreme, DON'T, Rebecca — who's, —, You've, he'd Organizations: University of Pennsylvania, CNBC, SEC Locations: —, Syracuse , New York, Champaign , Illinois

☆ Jamie Dimon made $183 million from selling JPMorgan stock
▼ + stars: | 2024-04-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Jamie Dimon has raked in $183 million from his planned sale of 1 million JPMorgan shares. JPMorgan's CEO sold stock worth $33 million on Monday, after selling a $150 million tranche in February. Dimon's first disposals in 19 years were for diversification and tax planning, JPMorgan said. AdvertisementJamie Dimon has wrapped up his planned sale of 1 million JPMorgan shares, pocketing $183 million in total proceeds. The boss of America's biggest bank disposed of about 178,000 shares for about $33 million on Monday, regulatory filings show.

Persons: Jamie Dimon, Dimon's, — Organizations: JPMorgan, JPMorgan's, Service, Business

☆ Landry's CEO Tilman Fertitta: Inflation is definitely coming under control, just not fast enough
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLandry's CEO Tilman Fertitta: Inflation is definitely coming under control, just not fast enoughLandry's CEO Tilman Fertitta joins 'Power Lunch' to discuss how he feels about inflation, what foot traffic is like at the CEO's stores, and more.

Persons: Tilman Fertitta

☆ Elon Musk's go-to lawyer is facing possible sanctions over his behavior in the Tesla CEO's deposition
▼ + stars: | 2024-04-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Alex Spiro faces potential sanctions over his behavior during Elon Musk's deposition. An opposing lawyer accused Spiro, Musk's go-to attorney, of acting "astonishingly unprofessional." At several points in the deposition, Spiro and Bankston traded barbs. "I've rarely met a lawyer with less decorum than you, if you could be called a lawyer," Musk said to Bankston. First of all, I know you're not a Texas attorney," Bankston said after Spiro told his client not to answer one of his questions in the deposition.

Persons: Alex Spiro, Elon, Spiro, Musk's, Musk, —, Ben Brody, Brody's, Mark Bankston —, Sandy, Alex Jones —, Bankston, he's, Quinn Emanuel Urquhart, Sullivan, HuffPost, he'd, Brody, we're, I've, Alex ., Neil Heslin, Scarlett Lewis, Sandy Hook, Jesse Lewis, Alex Jones, Jones Organizations: Nazi, Service, Bloomberg, New Locations: Texas, New York, Thailand

☆ Former Bowlero exec says company threatened to report him to FBI in proposed extortion, retaliation suit
▼ + stars: | 2024-04-09 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +11 min

Equal Employment Opportunity Commission alleging they were fired based on their age or out of retaliation, according to company securities filings and the proposed countersuit. Bowlero says that Tanase resigned and then had a change of heart when he realized he wouldn't get severance pay. Now, Tanase is seeking the court's permission to countersue Bowlero and the company's executive vice chairman, Brett Parker. I've told you this before," said Tanase, according to the transcript. He also claims Bowlero sued him to deter him from filing a complaint with the EEOC or serving as a witness in its investigation into Bowlero.

Persons: Bowlero's, Thomas Tanase, Bowlero, Tanase, Thomas Shannon, countersue Bowlero, Brett Parker, Parker, Daniel Dowe, he'd, haven't, I've, Alex Spiro, Quinn Emanuel, Elon Musk, Alec Baldwin, Spiro, Scott Pickus, Pickus, Shannon Organizations: Bowlero, U.S, AMF, Lucky, Federal, CNBC, FBI, Elon Locations: Virginia, North America, Bowlero

☆ CEO's college side hustle now brings in $200 million a year: His No. 1 piece of advice for dorm-room businesses
▼ + stars: | 2024-04-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

"One, get a mentor ... Find somebody who's done this before you, or done something similar," says Berkowitz. Here's why he recommends both, and his advice on picking your dorm room business idea. A trusted mentor can help for a simpler reason, too: "You don't know what you don't know," says Berkowitz. But most college students don't fully appreciate "how much time you have" to experiment with a variety of ideas and ventures, says Berkowitz. How to pick your dorm room business

Persons: — Seth Berkowitz, Berkowitz, he'd Organizations: University of Pennsylvania, CNBC Locations: New York, Philadelphia, Syracuse

☆ Struggling electric vehicle company Canoo spent twice as much on its CEO's private jet as it pulled in last year
▼ + stars: | 2024-04-04 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Canoo spent $1.7 million on CEO Tony Aquila's private jet bills, twice its 2023 revenue. Investors often scrutinize private jet spending, especially when a company is in trouble. AdvertisementElectric vehicle company Canoo spent twice as much on its CEO's private jet trips as it brought in last year. Canoo, which has never turned a profit as a public company, paid $1.7 million in "aircraft reimbursements" for its CEO last year. This story is available exclusively to Business Insider subscribers.

Persons: Canoo, Tony, — Organizations: Service, Business

☆ Elon Musk says competition for AI engineers is 'the craziest talent war I've ever seen!'
▼ + stars: | 2024-04-04 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

"The talent war for AI is the craziest talent war I've ever seen!" Advertisement"They have been aggressively recruiting Tesla engineers with massive compensation offers and have unfortunately been successful in a few cases," Musk wrote about OpenAI. Related storiesMusk and xAI didn't immediately respond to a request for comment from Business Insider before publication. AdvertisementHiking salaries is one of a series of tactics Big Tech leaders use to recruit the best AI talent. "There is undoubtedly a shortage in AI talent," Libre says.

Persons: —, Elon Musk, Tesla, Ethan Knight, Knight, Musk, didn't, Alex Libre, Mark Zuckerberg, Google's, Sergey Brin, Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, J.T, O'Donnell Organizations: Service, Business, Autonomy, Big Tech, Meta, Google, OpenAI, Companies Locations: OpenAI

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