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☆ GM’s Cruise Ordered by California Regulator to Testify About October Incident
  + stars: | 2023-12-04 | by ( Meghan Bobrowsky | ) www.wsj.com   time to read: 1 min
A California regulator said Cruise omitted critical information about the safety of its vehicles regarding an October incident involving a pedestrian. Photo: John G. Mabanglo/Zuma PressGeneral Motors ’ Cruise has been ordered to testify before the California Public Utilities Commission over allegedly misleading comments it gave to regulators about an incident in October in which a pedestrian was hit. The CPUC said the self-driving car firm omitted critical information about the safety of its vehicles regarding the incident. A woman was hit by a human-driven car and thrown into the path of a driverless Cruise vehicle, which collided with the pedestrian and dragged the person about 20 feet. Cruise could face a fine of up to $1.5 million, the latest blow to the company’s operations in recent months after the company lost its driverless permits in California and CEO Kyle Vogt resigned.
Persons: John G, Mabanglo, Motors ’, CPUC, Kyle Vogt Organizations: Zuma Press, Motors, California Public Utilities Commission Locations: California
☆ OpenAI’s New Board Takes Over and Says Microsoft Will Have Observer Role
  + stars: | 2023-11-29 | by ( Deepa Seetharaman | ) www.wsj.com   time to read: 1 min
OpenAI said late Tuesday that Sam Altman will return to the artificial-intelligence company as CEO, with a new initial board. WSJ reporter Tom Dotan analyzes the latest developments. Photo: John G Mabanglo/ShutterstockOpenAI’s new board formally took over on Wednesday and said it would add an observer role for partner Microsoft , capping a dramatic chapter for the artificial-intelligence startup and launching a new phase of difficult decisions. The new board’s initial three members were decided as part of CEO Sam Altman ’s return last week after the previous board abruptly fired him. The replacement directors’ priorities include creating an independent committee to review the events around Altman’s ouster, said Bret Taylor , the board’s chairman.
Persons: OpenAI, Sam Altman, Tom Dotan, John G Mabanglo, Sam Altman ’, Bret Taylor Organizations: Microsoft
☆ GM Plans $10 Billion Share Repurchase in Bid to Assuage Investors
  + stars: | 2023-11-29 | by ( Mike Colias | ) www.wsj.com   time to read: 1 min
GM will fund its stock buyback in part by freeing up capital previously earmarked for development of EVs and autonomous vehicles. Photo: john g mabanglo/EPA/ShutterstockGeneral Motors plans to sharply increase cash return to shareholders, as Chief Executive Mary Barra seeks to reassure investors about the health of GM’s core car-making business after setbacks in fledgling pursuits like electric and driverless vehicles. GM on Wednesday outlined plans for an accelerated $10 billion share repurchase for next year, its largest stock buyback in recent memory. The company will fund it in part by freeing up capital previously earmarked for development of EVs and autonomous vehicles, which have been the main pillars of Barra’s growth strategy.
Persons: Mary Barra Organizations: Shutterstock, Motors, GM
☆ Microsoft Needs a Better Seat at OpenAI’s Table
  + stars: | 2023-11-28 | by ( Dan Gallagher | ) www.wsj.com   time to read: +1 min
OpenAI said late Tuesday that Sam Altman will return to the artificial-intelligence company as CEO, with a new initial board. WSJ reporter Tom Dotan analyzes the latest developments. Photo: John G Mabanglo/ShutterstockMicrosoft played a weak hand rather well in the drama that engulfed OpenAI last week. But the tech giant now has a complicated task ahead: It needs to solidify its relationship with the high-profile startup while also showing it can chart its own course in the vital field of artificial intelligence. In the interim, Microsoft announced plans to hire Altman directly, along with any other OpenAI employees who cared to join.
Persons: OpenAI, Sam Altman, Tom Dotan, John G Mabanglo, Satya Nadella’s, Altman Organizations: Microsoft, OpenAI Locations: OpenAI
☆ OpenAI Got Its CEO Back. What Happens Next?
  + stars: | 2023-11-23 | by ( Berber Jin | Deepa Seetharaman | Tom Dotan | ) www.wsj.com   time to read: 1 min
OpenAI said late Tuesday that Sam Altman will return to the artificial-intelligence company as CEO, with a new initial board. WSJ reporter Tom Dotan analyzes the latest developments. Photo: John G Mabanglo/ShutterstockSam Altman is back at the helm of OpenAI, days after the board abruptly ousted him. The deal struck Tuesday night to restore Altman as CEO is a long way from the ultimate goal he wanted to achieve heading into a weekend of intense negotiations. He had lobbied for an entirely new slate of directors—built on the ashes of the directors who fired him—and wanted to rejoin the board again himself, according to people familiar with the matter.
Persons: OpenAI, Sam Altman, Tom Dotan, John G Mabanglo, Altman, — Locations: OpenAI
☆ OpenAI Says Sam Altman Will Return as CEO
  + stars: | 2023-11-22 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
OpenAI Says Sam Altman Will Return as CEOOpenAI said late Tuesday that Sam Altman will return to the artificial-intelligence company as CEO, with a new initial board. WSJ reporter Tom Dotan analyzes the latest developments. Photo: John G Mabanglo/Shutterstock
Persons: OpenAI, Sam Altman, Tom Dotan, John G Mabanglo
☆ Larry Summers Is OpenAI’s Surprise Pick to Mend Fences
  + stars: | 2023-11-22 | by ( Newley Purnell | Keach Hagey | ) www.wsj.com   time to read: +1 min
OpenAI said late Tuesday that Sam Altman will return to the artificial-intelligence company as CEO, with a new initial board. WSJ reporter Tom Dotan analyzes the latest developments. Photo: John G Mabanglo/ShutterstockAs Sam Altman looks to steer OpenAI following the turmoil of his ouster and return as chief executive, he will be working with an initial board of directors consisting of two new faces—and one holdover from the previous board that fired him. The two joiners are seasoned tech veteran Bret Taylor , who was formerly co-CEO of Salesforce and chairman of Twitter, and Larry Summers , the onetime Treasury secretary and Harvard University president whose appointment surprised some observers. Remaining on the board is Adam D’Angelo , a former Facebook executive and the founder of the question-and-answer website Quora, a potential sign that Altman may not have everything his own way after his dramatic reinstatement late Tuesday.
Persons: OpenAI, Sam Altman, Tom Dotan, John G Mabanglo, Bret Taylor, Larry Summers, Adam D’Angelo, Altman Organizations: Twitter, Harvard University, Facebook
☆ OpenAI Says Sam Altman to Return as CEO
  + stars: | 2023-11-22 | by ( Deepa Seetharaman | ) www.wsj.com   time to read: 1 min
Sam Altman is returning to OpenAI as CEO. Photo: john g mabanglo/ShutterstockOpenAI said Sam Altman will return as chief executive of the artificial-intelligence startup that he co-founded, days after he was fired by the board. The company will have a new initial board including Bret Taylor, Larry Summers and Adam D’Angelo . The startup said Taylor will be chairman of the board in a post on X late Tuesday.
Persons: Sam Altman, Shutterstock OpenAI, Bret Taylor, Larry Summers, Adam D’Angelo, Taylor
☆ BJK Cup: Billie Jean King on the career moment she’ll ‘never forget’ and the growth of the tournament named in her honor
  + stars: | 2023-11-07 | by ( Ben Church | ) edition.cnn.com   time to read: +5 min
CNN —Billing itself as the world’s largest annual international team competition in women’s sport, the Billie Jean King Cup is akin to the World Cup of tennis, pitting countries from around the world against one another. Tennis great Billie Jean King lent her name to the tournament – which celebrates its 60th anniversary this month – in 2020 and she has fond memories of playing in it herself. It fits my personality and fits how I think about the sport,” King said. Improving women’s tennis is something King has done throughout her career in the sport. More than anything, though, King wants this competition, and women’s sport in general, to get more media coverage.
Persons: CNN —, Billie Jean King, King, “, ” King, “ It’s, Davis, Serena Williams, John G, Mabanglo, ”, Bobby Riggs, Lesley Martin, Coco Gauff, Jessica Pegula, Iga Świątek Organizations: CNN, Tennis, US, Getty, Federation Cup, Fed, International Tennis Federation, ITF, Women’s Tennis Association, ”, WTA Locations: Seville, Spain, France, Italy, Canada, Germany, US, Australia, Switzerland, Poland, Slovenia, Czech Republic, Kazakhstan, Venus, AFP, “, ” Switzerland, Mexico
☆ Google Commits $2 Billion in Funding to AI Startup Anthropic
  + stars: | 2023-10-27 | by ( Berber Jin | Miles Kruppa | ) www.wsj.com   time to read: 1 min
Google has bet big on AI as it tries to catch up to Amazon and Microsoft in the lucrative cloud-computing market. Photo: john g mabanglo/EPA/ShutterstockGoogle agreed to invest up to $2 billion in Anthropic, building on its earlier investment in the artificial-intelligence company and adding fuel to the race between startups trying to achieve the next big breakthrough in the emerging technology. Google invested $500 million upfront into the OpenAI rival and agreed to add $1.5 billion more over time, people familiar with the matter said. The investment follows a separate commitment Amazon made last month to invest $4 billion in the company, which was founded by former OpenAI engineers in 2021 with the goal of developing rival generative AI models.
Persons: Amazon Organizations: Google, Microsoft Locations: Anthropic
☆ A Tax Rule Change Is Threatening the Survival of Some Businesses
  + stars: | 2023-10-26 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: 1 min
For Yelp, the tax rule change potentially deters investment in R&D above what is needed to maintain the business, said Chief Financial Officer David Schwarzbach. Photo: john g mabanglo/ShutterstockTristan Louis in January started preparing to file taxes for his software business. Expecting a bill in the five-figures, the Casebook founder was shocked to learn his tax liability for the nearly 50-person firm was over $400,000. The 52-year-old, unsure the business would survive, scrambled to figure out how to come up with the cash to pay the taxes. Job cuts were needed and by early March, he had to cut staff by around 35%.
Persons: David Schwarzbach ., Shutterstock Tristan Louis, ” Louis, ”
☆ The Tax Rule Change That Is Threatening Businesses’ Survival
  + stars: | 2023-10-25 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: 1 min
For Yelp, the tax rule change potentially deters investment in R&D above what is needed to maintain the business, said Chief Financial Officer David Schwarzbach. Photo: john g mabanglo/ShutterstockTristan Louis in January started preparing to file taxes for his software business. Expecting a bill in the five-figures, the Casebook founder was shocked to learn his tax liability for the nearly 50-person firm was over $400,000. The 52-year-old, unsure the business would survive, scrambled to figure out how to come up with the cash to pay the taxes. Job cuts were needed and by early March, he had to cut staff by around 35%.
Persons: David Schwarzbach ., Shutterstock Tristan Louis, ” Louis, ”
☆ A Dog Named Scooter Has Won an Award for Being Ugly
  + stars: | 2023-06-26 | by ( Wsj Staff | ) www.wsj.com   time to read: 1 min
Scooter was born with two deformed hind legs, but his handicap has not stopped him from a life of locomotion, as he sways side to side through obstacles while scooting along. John G. Mabanglo/EFE/Zuma
Persons: Scooter, John G, EFE, Zuma
☆ Peacock to Carry One NFL Playoff Game Exclusively Next Season
  + stars: | 2023-05-15 | by ( Joe Flint | Jessica Toonkel | ) www.wsj.com   time to read: 1 min
The markets of two competing teams will receive the game through a local television station. Photo: john g mabanglo/ShutterstockThe National Football League has struck a one-year deal with NBCUniversal’s Peacock to carry a playoff game exclusively on the streaming service this coming season, the two parties said Monday. Terms of the deal weren’t announced, but people familiar with the matter said it is in the range of $110 million. The Peacock playoff game will be in prime time on Saturday, Jan. 13, which is the first weekend of the NFL playoffs, known as Wild Card Weekend.
☆ LeBron James vs. Steph Curry: Old rivalries reignite as LA Lakers face Golden State Warriors
  + stars: | 2023-05-02 | by ( Thomas Schlachter | ) edition.cnn.com   time to read: +8 min
LeBron James and the Los Angeles Lakers took down the Memphis Grizzlies 4-2 in the opening round of the playoffs. In another battle of the old vs. the young, the Golden State Warriors beat the Sacramento Kings in an exhilarating seven-game series. José Luis Villegas/APBattles of old2015 FinalsThe first NBA Finals matchup between LeBron and Steph was in 2015. Greg Nelson/Sports Illustrated/Getty Images2017 FinalsThe Golden State Warriors responded to their 2016 Finals loss by recruiting Kevin Durant in the off-season. Following a disappointing end to his second stint with the Cavaliers, LeBron moved across to the West and signed with the Los Angeles Lakers.
☆ Meta Is Mostly Back in the Facebook Business
  + stars: | 2023-04-27 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
Facebook owner Meta Platforms has dubbed 2023 to be a ‘Year of Efficiency.’ Photo: john g mabanglo/ShutterstockMark Zuckerberg has been really into efficiency lately. One only hopes it isn’t a passing fad. The chief executive of Facebook-parent Meta Platforms announced the “Year of Efficiency” as his major theme for the company in its last earnings report three months ago. He has leaned in even more since, announcing plans last month to lay off 10,000 employees on top of the 11,000 job cuts announced late last year. The net result will reduce Meta’s head count by nearly a quarter—a far more aggressive reduction than those announced by other big tech companies that overhired during the pandemic.
☆ Mark Zuckerberg Says Meta Will Slow Hiring, Won’t Rule Out Future Layoffs
  + stars: | 2023-04-20 | by ( Salvador Rodriguez | Jeff Horwitz | Sam Schechner | ) www.wsj.com   time to read: +1 min
Meta Platforms Inc. CEO Mark Zuckerberg told employees that the company expects to wrap up most layoffs for 2023 in May. Photo: john g mabanglo/ShutterstockMeta Platforms Inc. Chief Executive Mark Zuckerberg told employees that he won’t rule out future layoffs and said he doesn’t expect the social-media company to hire as quickly as it did before the layoffs that began late last year. Preview SubscribeMr. Zuckerberg addressed employees in a virtual Q&A session on Thursday, a day after the company completed its latest round of layoffs. Mr. Zuckerberg told employees that approximately 4,000 employees, primarily in the company’s tech divisions, were affected by the latest cuts, according to a recording of the employee town hall. Since November, Facebook’s parent company has said it would lay off 21,000 employees, or nearly a quarter of its workforce.
☆ Elizabeth Holmes scheduled to be sentenced on Friday
  + stars: | 2022-11-18 | by ( Rachel Metz | ) edition.cnn.com   time to read: +5 min
CNN —Elizabeth Holmes, the founder of failed blood testing startup Theranos who was convicted of fraud earlier this year, is scheduled to be sentenced on Friday morning by a judge in court in San Jose, California. The list includes Holmes’ partner, Billy Evans, many members of Holmes’ and Evans’ families, early Theranos investor Tim Draper, and Sen. Cory Booker. Elizabeth Holmes (L), founder of Theranos, and her partner, Billy Evans (R), leave the Robert F. Peckham Federal Building and US Courthouse in San Jose, California, on October 17, 2022. “The effects of Holmes and Balwani’s fraudulent conduct were far-reaching and severe,” federal prosecutors wrote in a November court filing regarding Holmes’ sentencing. “Elizabeth Holmes is never going to run a big company again,” he said.
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