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With Sam Altman's potential return to OpenAI still in question, one group is also left with a lot of uncertainty: OpenAI's startup customers. Those apprehensions were further worsened Monday, when over 700 of OpenAI's employees threatened to resign if he wasn't reinstated. This story is available exclusively to Business Insider subscribers. Several startup founders told Business Insider that they were considering switching to an open source model like Meta's Llama 2, or Anthropic's Claude. Still, several customers like Takeoff AI founder McKay Wrigley are switching to Microsoft's Azure service, which sells copies of OpenAI's models and other models.
Persons: Sam Altman's, OpenAI, Altman, wasn't, Claude, James Blackwell, McKay Wrigley, Sam Altman, Greg Brockman, Morgan Stanley, Wrigley, Charlie Dolan, he's, Anthropic, Guillermo Rauch, Matt McIlwain, We've, McIlwain, Alistair Barr Organizations: Business, Google, Services, Microsoft, OpenAI, Bank Locations: Anthropic
Emmett Shear, former CEO of Twitch, in a Bloomberg Television interview in San Francisco, California, U.S., on Wednesday, Sept. 14, 2016. OpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence company, two days after the sudden ouster of Sam Altman, CNBC has confirmed. Unlike most Silicon Valley startups, OpenAI wasn't structured like a typical corporation with large chunks of equity controlled by the founders. Shear stepped down as CEO of Twitch, the livestreaming service now owned by Amazon , in March. — CNBC's Ari Levy contributed to this reportWATCH: Madrona's Matt McIlwain talks Sam Altman's departure as OpenAI CEO
Persons: Emmett Shear, Twitch, OpenAI, Sam Altman, Shear, Altman, Mira Murati, didn't, Murati, — CNBC's Ari Levy, Matt McIlwain, Sam Altman's Organizations: Bloomberg Television, CNBC, Bloomberg, Microsoft, Tiger, Sequoia Capital, Amazon, OpenAI Locations: San Francisco , California, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMadrona's Matt McIlwain talks Sam Altman's departure as OpenAI CEOMatt McIlwain, Madrona managing director, joins 'Closing Bell Overtime' to talk Sam Altman being forced out at OpenAI and what it means for the company and Microsoft moving forward.
Persons: Matt McIlwain, Sam Altman's, Sam Altman Organizations: Microsoft Locations: OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeing underweight stocks would be a 'mistake' if a recession is avoided: JPMorgan's Phil CamporealePhil Camporeale, JPMorgan Asset Management portfolio manager and Matt McIlwain, Madrona Venture Group managing director, join 'Closing Bell Overtime' to talk the day's market action, Big Tech earnings, what to expect from the Fed at Jackson Hole and more.
Persons: Phil Camporeale Phil Camporeale, Matt McIlwain, Jackson Organizations: JPMorgan, Management, Madrona Venture Group, Big Tech, Fed
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is the start of a new tech bull market, says Dan Ives after Big Tech earningsDan Ives, Wedbush and Matt McIlwain, Madrona Venture Group managing director, join 'Closing Bell Overtime' to talk Microsoft and Google quarterly earnings reports.
Persons: Dan Ives, Wedbush, Matt McIlwain Organizations: Big Tech, Madrona Venture Group, Microsoft
Some investors question whether these arrangements are artificially juicing cloud revenue growth. When Microsoft announced a multibillion-dollar investment in OpenAI earlier this year, the deal made Azure the ChatGPT-maker's "exclusive cloud provider." There's another deal in the works with similar attributes involving Runway AI and a major cloud company. But they are drawing more scrutiny lately because they could artificially inflate cloud revenue, a key driver of growth for Microsoft, Google, and Amazon, according to Ted Mortonson, managing director of financial-services firm Baird. Is OpenAI a regular cloud customer that is getting no investment money from Microsoft?
Amazon's CEO Andy Jassy said generative AI like ChatGPT presents "exciting" possibilities. He told the Financial Times that Amazon has been working on generative AI for a long time. Amazon company supporters are worried the company is falling behind in this area, per the FT.Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. "I think it's exciting, what's possible with generative AI," Jassy told the FT. "And it's part of what you're seeing with models like ChatGPT. But most large, deeply technical companies like ours, have been working on these very large, generative AI models themselves for a long time."
Watch CNBC's full interview with Matt McIlwain
  + stars: | 2023-01-26 | 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 EmailWatch CNBC's full interview with Matt McIlwainMatt McIlwain, Madrona Venture Group managing director, joins 'TechCheck' to discuss the future of M&A and investing in cloud in 2023.
In a bleak market, some startups are turning to sellsides or letting go of IPO lawyers. Many companies that were looking to go public are now pausing IPO efforts due to falling public and private valuations, according to five investors, bankers, and tech market experts Insider spoke with. This year hasn't been a total wash for the tech IPO market. Some expected Mobileye's IPO to open the public market floodgates. Here are five companies that could end the 2022 IPO winter, according to people close to the tech markets who spoke with Insider.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon gets in front of holiday shopping with second Prime Day of the yearMatt McIlwain, Madrona Venture Group managing director, joins 'TechCheck' to discuss Amazon launching a second Prime Day sale this year, e-commerce reaching shoppers in an inflationary environment, and holiday season commerce concerns.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech stocks haven't priced in the full implications of a recession, says Madrona Venture Group's McIlwainMatt McIlwain, Madrona Venture Group managing director, joins 'Squawk on the Street' to discuss what metrics he's watching to indicate a bottom in equity markets, the names he's looking at and more.
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