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Snap slashes 10% of its workforce
  + stars: | 2024-02-05 | by ( Paul Squire | Camilo Fonseca | ) www.businessinsider.com   time to read: +1 min
Snap announced another round of layoffs on Monday, the latest for Snapchat's parent company. The company said in a regulatory filing that it would cut 10% of its workforce. Two workers at the social media company previously told Business Insider's Kali Hays that several dozen Snap staffers were let go on Friday and more cuts were expected. Meanwhile, BI previously reported the company has struggled to deal with shifts in the digital ad market and fierce competition from TikTok and Meta. It's the latest company to make cuts in what's been a brutal start to 2024 for tech workers.
Persons: Derek Andersen, Kali Hays Organizations: Apple's Locations: what's
Elon Musk said he's concerned OpenAI discovered a "dangerous element" of AI. The billionaire said he has "mixed feelings" about OpenAI CEO Sam Altman. AdvertisementElon Musk has some theories about why Sam Altman was initially ousted from OpenAI. Musk added that he wanted to know why OpenAI cofounder and chief scientist Ilya Sutskever "felt so strongly as to fight Sam. "He really sweats it over questions of what is right," Musk told Sorkin.
Persons: Elon Musk, OpenAI, Sam Altman, Musk, , Andrew Sorkin, Sam, Ilya Sutskever, they've, It's, Altman, Kali Hays, he'd, Sutskever, backtrack, Sorkin, Ilya, OpenAI's ChatGPT Organizations: Service, OpenAI, CNBC
The ousting of Sam Altman by most of OpenAI's board members appears to have badly backfired. AdvertisementThe dramatic coup by most of OpenAI's board members seems to have epically backfired. Their master plan to topple Sam Altman has failed – and it's cost them their seat at the table. Less than a week after the board pushed him out as CEO, Altman is boomeranging back to the company. His fellow previous board members were Greg Brockman, who was also chair; Ilya Sutskever, Tasha McCauley; Helen Toner; and Altman.
Persons: Sam Altman, Adam D'Angelo, OpenAI, D'Angelo, Bret Taylor, Larry Summers, , Altman, he'll, Greg Brockman, Ilya Sutskever, Tasha McCauley, Helen Toner, McCauley, Toner, Mira Murati, Emmett Shear, Sutskever, Kali Hays Organizations: Service, Microsoft Locations: OpenAI
Satya Nadella said Sam Altman will be working with Microsoft no matter where he ends up working. On Monday, the Microsoft CEO announced he hired Altman after the former OpenAI CEO's shock firing. AdvertisementOn Monday, Microsoft CEO Satya Nadella announced he was hiring Sam Altman. Still, Nadella told Bloomberg TV on Monday it doesn't matter where Altman ends up working — because "irrespective of where Sam is, he's working with Microsoft." OpenAI only told Microsoft about Altman's ouster a few minutes before its announcement, sources told Business Insider's Kali Hays and Ashley Stewart.
Persons: Satya Nadella, Sam Altman, Altman, , Greg Brockman, Brockman, Nadella, Sam, OpenAI, Kali Hays, Ashley Stewart Organizations: Microsoft, Service, Bloomberg, BI Locations: Silicon Valley, OpenAI
Most OpenAI employees have signed a letter saying they will leave if Altman is not reinstated. Extremely late Sunday, Microsoft CEO Nadella announced that Altman and OpenAI cofounder Greg Brockman would join Microsoft to lead a new AI research team. Let's say Microsoft ends up hiring the OpenAI employees threatening to walk, to the tune of almost 800 staff. Nadella has made clear he thinks OpenAI's board needs to change, and he's the man writing $13 billion checks. Salesforce CEO Marc Benioff has already offered to hire OpenAI employees who leave and match their compensation.
Persons: Altman, , OpenAI, Sam Altman, Nadella, Greg Brockman, Brockman, Anna Makanju, everyone's, Ilya Sutskever, Emmett Shear, Kali Hays, Sutskever, Google's, Marc Benioff Organizations: Service, Friday's, Microsoft, Bloomberg, Employees, Meta, Rivals
Chaos at OpenAI ensues
  + stars: | 2023-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
In today's big story, we're looking at the continued fallout from the shocking Sam Altman ouster at OpenAI. Altman is alive and well, but his run as CEO of OpenAI ended abruptly on Friday. But in the days since his firing, he's escaped a messy weekend looking like the ultimate hero, Business Insider's Katie Notopoulos writes. To be fair, Microsoft CEO Satya Nadella and OpenAI CEO Emmett Shear don't seem to know why either. Meanwhile, Salesforce's Marc Benioff is already actively recruiting OpenAI employees on X.
Persons: , Sam Altman, Altman, OpenAI, he's, Katie Notopoulos, Altman isn't, Ilya Sutskever —, Sutskever, Kali Hays, Satya Nadella, Emmett Shear, Satya Nadella Stephen Brashear, Julie Bort, Microsoft's Nadella, Nadella, that's, Madeline Renbarger, That's, It's, Kali, Ashley Stewart, Salesforce's Marc Benioff, Scott Olson, Bridgewater's, Greg Jensen, Jim Chanos, Elon, New York Jefferson Siegel, Nvidia's, Jensen Huang, execs, Elon Musk, Linda Yaccarino, Arantza Pena Popo, Camila Téllez, Melkorka, Téllez, Carly Rae Jepsen, Björk, Colleen Ballinger, Clinton, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Microsoft, Getty, BlackRock, Reuters, Nvidia, Elon, HP, Nordstrom, Clinton Lee Locations: OpenAI, Silicon Valley, Bridgewater, New York, Texas, Millennials, New York City, San Diego, London
Even so, both still seem to not know why Sam Altman was really fired. He told OpenAI employees the same thing on Sunday evening, The Verge reported. The workers who did show up were told Altman was booted because he'd been accused of giving two staffers the same project. However the OpenAI drama ends, Altman has promised he'll continue to work with the company "some way or other." Press teams for Microsoft and OpenAI did not immediately respond to requests for comment from BI sent outside regular business hours.
Persons: Satya Nadella, Emmett Shear, Sam Altman, Nadella, Shear, , Altman, OpenAI, Sam, Greg Brockman, it's, Altman's, he's, Kali Hays, he'd, Hays, Anthropic, he'll Organizations: Service, Microsoft, Bloomberg, San, The Washington Post, Press, BI Locations: OpenAI, San Francisco
Sam Altman will be in charge of OpenAI's team and products no matter what. So the three remaining OpenAI Board members should explain why they fired him and move on. But, as Business Insider's Alistair Barr has argued, if the goal of the three remaining OpenAI Board members is to save humans from OpenAI's product, it's time for those board members to say so. As a member of humanity, I do thank the three remaining OpenAI members for maybe looking out for us. AdvertisementBecause Sam Altman is going to be leading the OpenAI team and continuing its product development either way.
Persons: Sam Altman, , Satya Nadella, Altman, Board's, It's, Kali Hays, Adam D'Angelo, D'Angelo, Alistair Barr, OpenAI, humanity's Organizations: Service, Microsoft
OpenAI's new CEO, Emmett Shear, criticized Sam Altman's ousting as damaging trust in the company. AdvertisementThe new CEO of OpenAI said the way Sam Altman was ousted was "handled very badly" and has "seriously damaged our trust." "And it's clear that the process and communications around Sam's removal has been handled very badly, which has seriously damaged our trust." AdvertisementShear claims he accepted the "once-in-a-lifetime opportunity" to step up as the interim CEO only "a few hours" after he got the call offering him the top job. It comes after OpenAI cofounder Altman was forced out of the company Friday.
Persons: Emmett Shear, Sam Altman's, Shear, wasn't, , OpenAI, Sam Altman, Altman, Insider's Kali Hays, Ashley Stewart, Satya Nadella, Greg Brockman Organizations: Service, West Coast, Microsoft Locations: West
Many computer science majors say job hunting has become tougher after layoffs hit the industry. Ben Leong, a Singaporean computer science professor, said getting a job was never easy. He told Insider he picked his major because he was interested in technology — and also because of the industry's salaries. Wong told Insider last month that he's applied to 17 jobs and has heard back from five companies. AdvertisementAdvertisementBryan Ho, a 23-year-old junior studying computer science at the National University of Singapore, told Insider he's applied for roughly 100 internships.
Persons: Ben Leong, , Joel Wong, Wong, Bryan Ho, he's, Ho, Ethan Ang, Ang, sprees, That's, Leong, Aline Lerner, Insider's Kali Hays, NodeFlair's Ang Organizations: Service, National University of Singapore, Tech, Facebook, Google, Big Tech, MIT Locations: Singapore, Asia, The Singapore, Southeast Asia
OpenAI plans to offer assistance to customers that are facing copyright lawsuits. The move is likely aimed at reducing consumer anxiety around unresolved copyright claims. AdvertisementAdvertisementThe move is likely aimed at reducing consumer anxiety sparked by unresolved copyright claims against generative AI systems. The US Copyright Office has been scrambling to deal with the new challenge posed by AI-generated content for some time. Google, which owns ChatGPT rival Bard, told the US Copyright Office: "Any resulting liability should attach to the user."
Persons: Sam Altman, , Altman, OpenAI, George R.R, Martin, Kali Hays, Bard Organizations: Service, ChatGPT Enterprise, US, Google, Microsoft, US Copyright
X CEO Linda Yaccarino stepped in to remove a viral pro-Hitler post, The Information reports. Hate speech and misinformation have run rampant on X since Elon Musk's takeover in 2022. The post in question appeared on the X page belonging to Afnan Ullah Khan, a member of the Senate in Pakistan, The Jerusalem Post reported. AdvertisementAdvertisementMusk previously described himself as a "free speech absolutist," which is evident in his hands-off approach to moderating hate speech and misinformation. The day before the tweet, in an October 27 blog post, Yaccarino asserted that safety is a "critical priority" for the X team.
Persons: Linda Yaccarino, Hitler, , Elon Musk, Adolf Hitler, , Afnan Ullah Khan, Yaccarino, Insider's Kali Hays, Elon Musk's, Hate Organizations: Elon Musk's, Service, Senate, Jerusalem Post, Twitter, Commission, Elon, Center, New York Times Locations: Pakistan, Jerusalem, Israel, Gaza
Use of X on both iOS and Android is down by 17.8% compared to last year, according to SimilarWeb. Musk has big plans for X, rolling out new features and discussing new ideas at a recent all-hands meeting. These latest usage estimates echo Insider's previous reporting in September on X use and downloads decreasing since Musk's takeover. He wants X to be the "everything app," similar to the Chinese app WeChat. Most recently, the X app introduced the option to hold video and voice calls on X.
Persons: , Elon Musk, X, X hasn't, Linda Yaccarino, Yaccarino, Musk, Insider's Kali Hays Organizations: Service, Axios, Wall Street
X owner Elon Musk expects the platform to roll out financial features by end-2024, The Verge reported. AdvertisementAdvertisementElon Musk expects X to roll out financial features by the end of next year, The Verge reported on Friday. During the all-hands call, Musk said he wants "someone's entire financial life" on the platform so people wouldn't need a bank account. It'll be on our platform — money or securities or whatever," he said. AdvertisementAdvertisementMusk's projected timeline for X to roll out financial services comes a year after Musk acquired Twitter for $44 billion.
Persons: Elon Musk, Musk's, , Elon, X, Twitter —, Musk, It'll, Bloomberg —, Kali Hays, WeChat Organizations: Service, Twitter, Bloomberg Locations: China
False and misleading posts remain on the site, and many don't have Community Notes attached. It comes after Elon Musk cut its trust and safety team from around 230 to 20 full-time employees. "Neither fact-checkers nor Community Notes can keep up with this." "Only 8% had community notes, 26% had unpublished notes, and 66% had neither," he wrote. It added that Community Notes "appear within minutes" of content being shared and are a "critical tool" to help it combat misinformation.
Persons: Elon Musk, , Shayan Sardarizadeh, Sardarizadeh, Ben Goggin, Insider's Kali Hays, Kali Hays, Linda Yaccarino, X, Linda, didn't Organizations: Service, Hamas, Hamas Terrorists, Twitter, Sunday, NBC News, Tech Locations: Israel, Gaza, paragliders, Egypt, Algeria
X CEO Linda Yaccarino slammed questions on whether she's running the company as "not nice." The X CEO took the stage shortly after an ex-Twitter staffer spoke on his negative experience at the company. AdvertisementAdvertisementX CEO Linda Yaccarino slammed claims she's watching Elon Musk run the social media company from the sidelines in an openly tense dialogue about working with the famously controlling billionaire. I don't care what the structure is at Meta, but who wouldn't want Elon Musk sitting by their side running product?" Before joining X, Yaccarino served as chairman of advertising sales and client partnerships at NBCUniversal.
Persons: Linda Yaccarino, Elon Musk, , she's, Yaccarino, CNBC's Julia Boorstin, Boorstin, Mark Zuckerberg, Walter Isaacson, Tesla, Martin Eberhard, Tim Higgins, he's, Elon, Kara Swisher's, Yoel Roth, Swisher . Roth, Musk, Insider's Kali Hays, Lara O'Reilly Organizations: Twitter, Service, Vox's, Meta Locations: Meta, NBCUniversal
Walter Isaacson said Elon Musk considered spending less time at Twitter to focus on AI and SpaceX. "With AI coming, I'm sort of wondering whether it's worth spending that much time thinking about Twitter," Isaacson said Musk told him in March at a meeting between the biographer, Musk, and a Neuralink director who gave birth to two of his children. Isaacson said Musk first discussed his plans to build an AI company at the March meeting. The biographer said Musk told him he plans to run the company himself. It is one of six companies, including Tesla, SpaceX, and X, that Musk is helping to lead.
Persons: Walter Isaacson, Elon Musk, Musk, Walter Isaacson's, ChatGPT, Isaacson, Tesla, Linda Yaccarino, Insider's Kali Hays Organizations: Twitter, SpaceX, Service, Bloomberg Locations: Wall, Silicon
Elon Musk reportedly helped Larry Ellison reset his Twitter password, per an excerpt of Musk's upcoming biography. Oracle cofounder Ellison is an investor in X and a longtime friend of Musk's. AdvertisementAdvertisementElon Musk reportedly helped longtime friend and Oracle cofounder Larry Ellison reset his Twitter password after the billionaire forgot it. Ellison has been a vocal supporter of Musk over the years and has previously sat on the board of Tesla. Ellison reportedly supported Musk through various stages of his chaotic Twitter takeover.
Persons: Elon Musk, Larry Ellison, Walter Isaacson, Ellison, Musk's, Walter Isaacson –, Musk –, Ellison hasn't, Musk, Isaacson, Oracle, Insider's Kali Hays Organizations: Oracle, Morning, Wall, Twitter, Tesla
AdvertisementAdvertisementThe Meta CEO told staff they could expect him to spend half of the next year working remotely. True to his word, in his first week Musk banned remote work in a 2:30 a.m email to Twitter staff. Still: Unlike some of the other wealthy CEOs on this list, Eric Yuan has always been a little skeptical of permanent remote work. Roy RochlinSalesforce CEO Marc Benioff was initially outspoken in his support for remote working. Joining the growing list of CEOs that say remote work is not conducive to productivity, Salesforce revised its work-from-anywhere strategy.
Persons: Mark Zuckerberg, Goldman Sachs, Prithwiraj Choudhury, Zuckerberg, Meta, I've, Erin Scott, Skip, Insider's Kali Hays, Hugh Langley, Evan Spiegel, Miranda Kerr, Pierre Mouton, Stringer, Spiegel, I'm, ERIC PIERMONT, Kali Hays, Jack Dorsey, PRAKASH SINGH, lockdowns, Dorsey, Elon Musk, Musk, Zoe Schiffer, hasn't, Eric Yuan, Kena, Zoom, Kelly Steckelberg, Yuan, Marc Benioff, Roy Rochlin, Salesforce, Benioff, Justin Sullivan, Kara Swisher Organizations: Service, Meta, Harvard Business School, Wall Street, Staff, CNBC, Getty, Twitter, San, New, Elon, San Francisco, Bloomberg, Zoom, Workers, MarketWatch, Smith, Yahoo Finance, Insider Locations: Wall, Silicon, San Francisco, Singapore, Silicon Valley , California
Jaan Tallinn helped build Skype and is the founder of the Future of Life Institute. He recently warned of the risks of an AI arms race, describing theoretical anonymous "slaughterbots." As AI technology develops, Tallinn is especially afraid of the implications that military use might have for the future of AI. When contacted by Insider, the Future of Life Institute told Insider it agreed with Tallinn's remarks on his fears of weaponized AI. Now AI researchers, tech moguls, celebrities, and regular people alike are worried.
Persons: Jaan, Al Jazeera, Tallinn's, Elon Musk, Christopher Nolan, Steve Wozniak, Emad Mostaque, Musk, Insider's Kali Hays, Organizations: Skype, Life Institute, Jaan, Al, Cambridge Centre, Elon, Apple Locations: Jaan Tallinn, Estonian, Tallinn
So, that's the end of OpenAI's ChatGPT moat
  + stars: | 2023-07-20 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +6 min
In the fast-changing world of AI, OpenAI appeared to have created a powerful moat through ChatGPT. But Meta rolling out its own powerful language model, Llama 2, with few restrictions puts ChatGPT at risk. And unlike OpenAI's ChatGPT, Llama 2 doesn't come with an easy-to-use consumer interface. As the first popular entrant into the generative AI space, OpenAI's chatbot had the advantage of capturing the imaginations of millions before Google, Meta and the rest. But open models were always the threat.
Persons: OpenAI, chatbot, Mark Zuckerberg, Erin Scott, Warren Buffett, ChatGPT, Kali Hays, Rosalie Chan, Nathan Lambert, Lambert, It's Organizations: Meta, Google, Microsoft, ChatGPT, Stanford University, UC Berkeley
Walter Isaacson commended Elon Musk's engineering abilities, but suggested he lacks empathy. Isaacson made the comments on CNBC's Squawk Box, discussing his upcoming biography of Musk. Walter Isaacson, whose upcoming biography about Elon Musk is expected in September, said one of his takeaways from three years of observing the voluble executive is that he may lack empathy. He repeated the idea on CNBC's Squawk Box. In the segment, Isaacson also addressed recent headlines about Musk, including a purported cage match with Meta CEO Mark Zuckerberg.
Persons: Walter Isaacson, Elon, Isaacson, Elon Musk, Grimes, Musk's, Mark Zuckerberg, Kali Hays, Musk, Musk's Tesla Organizations: Twitter, Meta, Autism, for Disease Control, SpaceX
Meta's VP of Metaverse said the hype cycle for the metaverse is dead, but that's okay. The metaverse team can "put their heads down and build" the experiences, Vishal Shah told Fortune. "I think the metaverse hype is dead. People access Meta's metaverse apps through the company's Quest lineup of headsets, but Apple recently announced the $3,499 Vision Pro headset. Interestingly enough, Apple is avoiding the term metaverse in favor of "spatial computing."
Persons: Metaverse, Vishal Shah, Fortune, Shah, Mark Zuckerberg's, Mark Zuckerberg, NOAH BERGER, Zuckerberg, Kali Hays, Ashley Stewart, Meta, Tim Cook, Greg Joswiak, Andrew, Boz, Bosworth Organizations: Morning, Tech, Facebook, Meta, Getty Images, Anadolu Agency, Getty, The Washington Post, Apple, Wall Street Journal Locations: Utah, Menlo
Elon Musk officially unveiled his new company xAI on Wednesday. Musk publicly introduced a new company called xAI, whose stated aim is to glean "the true nature of the universe." And an apparently all-male, 12-person team including Musk has been detailed to the heady task, according to its website, which doesn't list any female employees. Hendrycks has published about the potential dangers of AI, including the technology's ability to spread disinformation. With the launch of xAI, Musk now owns or is in charge of half a dozen companies, including Tesla, SpaceX, Neuralink, The Boring Company, and Twitter.
Persons: Elon Musk, Musk, xAI's, Tesla, Musk helms, Dan Hendrycks, Hendrycks, Musk's Tesla, Insider's Kali Hays, — Manuel Kroiss, Igor Babuschkin, Babuschkin, Brian Philip Organizations: Morning, X.AI, Tesla, Twitter, X Corp, Microsoft, AI Safety, SpaceX, Center, AI, Palo Alto Police Department, The Boring Company Locations: Nevada, Hendrycks, Palo Alto
Zuck can be happy: Threads reached 100 million users faster than ChatGPT. Mark Zuckerberg had cause to celebrate over the weekend as Meta's newest app, Threads, passed the 100 million user milestone less than a week after its launch. The would-be Twitter competitor is now the fastest-growing app ever, beating ChatGPT, the generative AI chatbot that corporate America hasn't stopped talking about all year. But its leap to 100 million users had a massive jumpstart thanks to its integration with Instagram, whose billion-plus users are actively encouraged to download the new app if they fancy adding a new social-media timesuck onto their devices. ChatGPT, released to the public November 30, surpassed the 100 million user milestone in January.
Persons: Mark Zuckerberg, ChatGPT, America hasn't, Elon, Zuckerberg, Musk's, Insider's Kali Hays, Musk, That's Organizations: America, Twitter Locations: GPT
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