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The AI engineer bailed on his friends, who had traveled from the East Coast to the Seattle area. watch nowThis is the dark underbelly of the generative AI gold rush. Last year marked the beginning of the generative AI boom, following the debut of OpenAI's ChatGPT near the end of 2022. Justin Sullivan | Getty ImagesAn AI engineer at Microsoft said the company is engaged in an "AI rat race." The Microsoft AI engineer said a lot of tasks are about "trying to create AI hype" with no practical use.
Persons: Sebastien Bozon, Jensen Huang, Tech's, Amy Hood, Mark Zuckerberg, Zuckerberg, Andy Jassy, Jassy, they're, Eric Gu, , Gu, Satya Nadella, Sam Altman, Justin Sullivan, there's, Morry, Kolman, doesn't, Sundar Pichai, Bard, There's, That's, beholden, Ayodele Odubela, ", it’s, Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, Odubela, Gemini Organizations: Google, Apple, Facebook, Microsoft, AFP, Getty, Amazon, CNBC, Big Tech, Nvidia, Google . Engineers, Tech, Vision, Cloud Next, Web, Amazon Web Locations: Mulhouse, France, East Coast, Seattle, ChatGPT, San Francisco, Vegas, Las Vegas, German
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Google's landmark antitrust trial is wrapping up this week in DC with closing arguments, capping off a yearslong saga. AdvertisementIn the end, Judge Mehta could clear Google or find it liable, which could result in changes to its search engine contracts. Mehta could even bar Google from making future deals around its search engine. In his testimony, Google SVP Prabhakar Raghavan noted the search giant is referred to as "Grandpa Google" in some circles and cited execs' fears that its influence might be dwindling.
Persons: , Amit Mehta, Satya Nadella, Sundar Pichai, Google's, Kent Walker, Judge Mehta, Mehta, Prabhakar Raghavan, Google Organizations: Service, Apple, Business, US, Microsoft, Justice, Google, The New York Times, DOJ, FTC, Amazon, Meta, Big Tech, AP
Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday. Brookfield will deliver 10.5 gigawatts of renewable energy for Microsoft between 2026 and 2030 in the U.S. and Europe under the agreement. The 10.5 gigawatts of renewable capacity is 3 times larger than the 3.5 gigawatts of electricity consumed by data centers in Northern Virginia, the largest data center market market in the world. A Brookfield spokesperson said the deal would lead to more than $10 billion of investment in renewable energy. The scope of the deal could increase to include additional energy capacity in the U.S. and Europe, as well as Asia, Latin America and India, the companies said.
Persons: Satya Narayana Nadella, Wells Organizations: Microsoft, Brookfield Asset Management, Brookfield, Research Locations: Manhattan, New York City, U.S, Europe, Northern Virginia, Asia, Latin America, India
How CEOs are preparing for possible employee protests
  + stars: | 2024-04-29 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +10 min
You can always choose to move on, but remember you don’t have a right to work at most companies. We can’t keep re-litigating when we also have a business to runYou speak with CEOs every day. Most of the CEOs I’ve talked to said they haven’t seen their employees protest, but they’re bracing for it. But I will say that I don’t think it will become that widespread because of how swiftly and unapologetically Google addressed it. I don’t think it will become a thing.
Persons: Sundar Pichai, Bell, Johnny C, Taylor Jr, that’s, we’re, We’re, we’ve, I’m, You’d, They’re, I’ve, Royce, Peter Valdes, “ We’re, , Martin Fritsches, “ That’s, Brian Fung, Sean Lyngaas, Satya Nadella, Sam Altman, Northrop Grumman, Alejandro Mayorkas Organizations: CNN Business, Bell, New York CNN, Google, Tech, Society for Human Resource Management, Companies, Royce, BMW, OpenAI, Microsoft, Department of Homeland Security, Delta Air Lines, DHS, , Amazon Web Services, IBM, Cisco, , Civil Locations: New York, Israel, Chichester , England
Washington CNN —The US government has asked leading artificial intelligence companies for advice on how to use the technology they are creating to defend airlines, utilities and other critical infrastructure, particularly from AI-powered attacks. The Department of Homeland Security said Friday that the panel it’s creating will include CEOs from some of the world’s largest companies and industries. The list includes Google chief executive Sundar Pichai, Microsoft chief executive Satya Nadella and OpenAI chief executive Sam Altman, but also the head of defense contractors such as Northrop Grumman and air carrier Delta Air Lines. It also includes federal, state and local government officials, as well as leading academics in AI such as Fei-Fei Li, co-director of Stanford University’s Human-centered Artificial Intelligence Institute. The US government already uses machine learning or artificial intelligence for more than 200 distinct purposes, such as monitoring volcano activity, tracking wildfires and identifying wildlife from satellite imagery.
Persons: Sundar Pichai, Satya Nadella, Sam Altman, Northrop Grumman, , Alejandro Mayorkas, Fei Li, Joe Biden Organizations: Washington CNN, Department of Homeland Security, Google, Microsoft, Delta Air Lines, DHS, , Amazon Web Services, IBM, Cisco, , Civil, Stanford, Intelligence, Safety, Security
However, momentum from AI services will keep Azure growth stabilized at these high levels, outperforming the market's expectations. AI services continue to be a large source of revenue growth, contributing seven percentage points of growth. The Office Commercial Products and Cloud Services revenue rose 12%, while the Office Consumer Products and Cloud Services revenue grew 4%. Windows Commercial Products and Cloud Services revenue increased 12%, driven by demand for Windows 365. The company guided Azure's constant currency revenue growth to 30% to 31%, which is higher than estimates of 29%.
Persons: OpenAI, Satya Nadella, there's, we're, Jim Cramer's, Jim Cramer, Jim, Satya Narayana Nadella, Lucas Jackson Organizations: Microsoft, Revenue, Google, Fortune, Productivity, Products, Cloud Services, Consumer Products, Novo Nordisk, Nvidia, Activision, Windows, Management, CNBC Locations: OpenAI, ChatGPT, Novo, Manhattan, New York City
Stagwell Group, the advertising agency holding group operated by Mark Penn, a former advisor to Bill and Hillary Clinton, is actively looking to buy adtech companies as it continues to grow through acquisitions. Penn's theory is that by bringing such adtech in-house, Stagwell can offer more self-service software to advertisers who want it while also shrinking those clients' ad prices and expanding its own margins. Challenger brand Stagwell is competing for bigger contractsPenn founded Stagwell Group in 2015 with $250 million in funding from investors, including former Microsoft Chief Executive Steve Ballmer. Stagwell recently made a near-$700-million bid for S4 Capital, another challenger ad company founded by longtime WPP CEO Martin Sorrell, The Wall Street Journal reported. Publicis Groupe has the biggest market capitalization of the largest holding companies, at $28.2 billion, while Stagwell is trading at around $1.6 billion.
Persons: Mark Penn, Bill, Hillary Clinton, Penn, we're, Stagwell, Penn didn't, Ana Milicevic, Milicevic, Brian Wieser, Wieser, Steve Ballmer, Sunny, GALE, Allison, Martin Sorrell, they're Organizations: Stagwell, Penn, Business, Google, Harris Poll, Next Partners, Sparrow, Madison, Challenger, Stagwell Group, Microsoft, MDC Partners, WPP, Publicis Groupe, Veritas, S4 Capital, Street Journal, S4, EMEA Locations: adtech, London
A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.
Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China
Bing chief Mikhail Parakhin is leaving the role and will report to Microsoft's CTO in the meantime. The reorganization comes days after Satya Nadella tapped Mustafa Suleyman to lead its AI efforts. Days after Satya Nadella announced he was bringing Inflection AI's cofounder Mustafa Suleyman into the mix as its EVP and CEO of Microsoft AI, Mikhail Parakhin has "decided to explore new roles." Related storiesParakhin, who led the company's Bing search engine and advertising businesses, will report to Microsoft CTO Kevin Scott. AdvertisementMicrosoft has built AI into its Bing search engine and created other AI tools for Windows and Office under the Copilot brand over the last year.
Persons: Bing, Mikhail Parakhin, Parakhin, Satya Nadella, Mustafa Suleyman, , Kevin Scott, Pavan, Rajesh Jha, Microsoft's, Satya, Nadella, Suleyman, Karén Simonyan, Simonyan, Nadella's, Microsoft didn't Organizations: Service, Microsoft, Google, Windows, Bloomberg
COST 5Y mountain Costco's stock performance over the past five years. DHR 5Y mountain Danaher's stock performance over the past five years. ETN 5Y mountain Eaton Corp.'s stock performance over the past five years. "The megatrends are real serious, and [Eaton] is a real serious company," Jim said. TJX 5Y mountain TJX Companies' stock performance over the past five years.
Persons: Jim Cramer, Jeff Marks, Morgan Stanley, Wall, Beijing's, Jim, Eaton, Linde, Lilly's, Eli Lilly, We've, Zepbound, Mark Zuckerberg's, Mark Zuckerberg, OpenAI, Copilot, management's, Nvidia, TJ Maxx, TikTok, Gen Zers, TJX, Jim Cramer's, Satya Narayana Nadella, Lucas Jackson Organizations: GE Healthcare, Meta, Microsoft, Johnson, Natural Resources, Starbucks, Apple, Apple Music, Services, Amazon, Amazon Web Services, Prime, Costco, Danaher, Eaton Corp, Investors, GE, LIN, Novo Nordisk's Wegovy, Novo Nordisk, Management, Nvidia, TJX Companies, Marshalls, CNBC Locations: Eaton, China, Manhattan, New York City
Mark Zuckerberg has entered his Posting Era
  + stars: | 2024-02-16 | by ( Katie Notopoulos | ) www.businessinsider.com   time to read: +6 min
Mark Zuckerberg put out an Instagram video reviewing the Apple Vision Pro this week. AdvertisementHaving not personally tested both devices, I am not fully qualified to judge whether Mark Zuckerberg's video review accurately compares Apple's Vision Pro to the Meta Quest 3. Mark Zuckerberg has entered his Posting Era. I don't attempt to think too hard about Mark Zuckerberg's inner life, but I don't get the sense that what we're seeing is a window into his soul. What I see now is something I never thought might happen: Mark Zuckerberg is getting high on his own supply.
Persons: Mark Zuckerberg, Meta's, He's, , Mark Zuckerberg's, We've, Zuckerberg, it's, Priscilla, Mark, I've, Andrew, Boz, Bosworth, Steve Ballmer, poopooed, Ping, Cook, Elon, Zuckerberg's, Apple, It's, Tim Cook, Meta Organizations: Apple Vision, Service, Meta, Vision, Morning, Vision Pro, Microsoft, Apple, Apple's, Facebook, iTunes Locations: TikTok
The gloves are off among Silicon Valley CEOs
  + stars: | 2024-02-15 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +5 min
Silicon Valley CEOs are doing battle in public. AdvertisementThe Silicon Valley elite have been at each other's throats a little more than usual lately. AdvertisementThe latest example of this came this week when Mark Zuckerberg derided Apple's Vision Pro headset in an Instagram video. The Vision Pro is a direct competitor to Meta's Quest Pro but Zuckerberg does not appear concerned for now. “If you go back to the PC era, Microsoft’s open model was the winner, and in this next generation Meta is going to be the open model, and I really want to make sure that the open model wins out again.”Zuckerberg has good reason to be on the offense.
Persons: Mark Zuckerberg, , Apple's, Zuckerberg, Justin Sullivan, it’s, ” Zuckerberg, OpenAI’s, Bill Gates, ” Elon Musk, Sam Altman, chatbot Grok, Elon Musk, Leon Neal, Satya Nadella, OpenAI, Y, Paul Graham, Tim Cook, Steve Jobs, , Organizations: Vision, Service, Tech, Meta's, Apple, Reality Labs, Microsoft, Google Locations: OpenAI, Zuck
Elon Musk was ranked the most overrated CEO in America in a Fortune survey. A survey of hundreds of business executives conducted by Fortune just ranked Musk as America's most overrated CEO. Musk, who was also named the most overrated CEO in last year's survey, received 399 votes this year. Microsoft chief Satya Nadella was ranked the most underrated CEO, receiving 274 votes. Representatives for Musk did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: Elon Musk, Musk, Bob Iger, , Fortune, Satya Nadella, Nadella, Tesla Organizations: Disney, Service, Fortune, Microsoft, SpaceX, Business Insider Locations: America, Mars
DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos. In a sign of ChatGPT maker OpenAI’s skyrocketing profile, CEO Sam Altman is making his Davos debut to rock star crowds, with his benefactor, Microsoft CEO Satya Nadella, hot on his heels. Illustrating AI’s geopolitical importance like few other technologies before it, the word was on the lips of world leaders from China to France. Here's a look at the buzz:OPENAI OPENING BIG AT DAVOSPolitical Cartoons View All 253 ImagesThe leadership drama at the AI world's much-ballyhooed chatbot maker followed Altman and Nadella to the swanky Swiss snows. China, one of the world’s centers of AI development, wants to “step up communication and cooperation with all parties” on improving global AI governance, Li said.
Persons: OpenAI’s, Sam Altman, Satya Nadella, Altman, Nadella, , OpenAI, Klaus Schwab quizzed, Li Qiang, , Li, Ursula von der Leyen, Emmanuel Macron, Google's Bard, he's, can’t, Julie Sweet, Arvind Krishna, Yann LeCun, LeCun, ____ Chan, Matt O'Brien Organizations: Davos, DAVOS, Bloomberg, Microsoft, , European, EU, Accenture, AP Locations: DAVOS, Switzerland, Davos, China, France, Swiss, percolated, afterparties, Europe, Britain, Valley, London, Providence , Rhode Island
Satya Nadella said he's "not interested" in a seat on OpenAI's board. "I'm comfortable, I have no issues with any structure, what we just want is good stability and as I said we don't even need, I'm not interested in a board seat," he said. The comments come after a tumultuous week at OpenAI in November in which CEO Sam Altman was ousted, only to return a week later. AdvertisementThe Microsoft chief doubled down on his comments regarding an OpenAI board seat: "It doesn't matter to me right, I mean the board seat is not the critical path at all for us." Microsoft didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Satya Nadella, I'm, Sam Altman, Altman, Nadella Organizations: Service, Bloomberg, Economic, Microsoft, Business, OpenAI, Markets Authority, European Commission, EU, Apple Locations: Davos, OpenAI
Read previewThe firing and rehiring of OpenAI CEO Sam Altman has undone months of effort by Microsoft to avoid antitrust regulators probing its massive investment in the startup. It's tough to keep a huge business partnership like this out of what can be intense scrutiny from antitrust regulators. Nadella agreed to give Altman and Brockman their own research arm at Microsoft, if he couldn't negotiate their return to OpenAI. Another interpretation is that Microsoft is keen to show antitrust regulators that OpenAI is an independent company, and not controlled by the software giant. AdvertisementDo you work for OpenAI or Microsoft, or are you someone with a tip or insight to share?
Persons: , Sam Altman, Lina Khan, OpenAI, Altman, Satya Nadella, Kevin Scott didn't, Kevin, Satya, Microsoft's, Brad Smith, Frank Shaw, Sam, Nadella, Altman's, Greg Brockman, Brockman, Amy Hood, ChatGPT, doesn't, Kali Hays, Ashley Stewart, Darius Rafieyan Organizations: Service, Microsoft, Business, FTC, OpenAI, Activision, Blizzard, Markets, Bloomberg, Chief Locations: OpenAI, khays@insider.com, astewart@insider.com
AI was a major focus of questions from Microsoft investors during the event. AdvertisementOn Thursday, Microsoft executives made a point to assure investors that it has many irons in the fire when it comes to AI, not just OpenAI. Microsoft Chief Financial Officer Amy Hood jumped in to emphasize the company has AI partners beyond OpenAI. AdvertisementAs Business Insider recently reported, the chaos at OpenAI caused some partners to start looking for a "plan B" for their AI model needs. Are you an OpenAI, or Microsoft employee, or someone with a tip or insight to share?
Persons: , OpenAI, Sam Altman, Altman, Satya Nadella, Nadella, Amy Hood, Hood, Ashley Stewart Organizations: Service, Business, Microsoft Locations: OpenAI, astewart@insider.com
As technology titans jockey to back hot new startups, they are extracting explicit or implicit promises of revenue in return. loadingMicrosoft’s injection of $10 billion into OpenAI in January helped kick off the craze. As part of their deal, the ChatGPT operator agreed to exclusively use its new investor’s cloud computing services. Much of the invested capital should be returned relatively quickly as AI firms buy back-end services. Nvidia (NVDA.O) has at least 80% and as much as 95% of the AI market, according to estimates by analysts.
Persons: Sam Altman, Satya Nadella, OpenAI, Optimists, cynics, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Streisand Neto Organizations: Reuters, Microsoft, Financial Times, Apple, Nasdaq, Big Tech, OpenAI, Wall Street, Google, Reuters Graphics Reuters, Cisco Systems, Lucent Technologies, Nortel Technologies, Company, Global, Telecom, Nortel, Network, Nvidia, Thomson Locations: OpenAI, Silicon Valley
The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry. San Francisco-based OpenAI said in a statement late Tuesday: “We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board" made of former Salesforce co-CEO Bret Taylor, former U.S. Treasury Secretary Larry Summers and Quora CEO Adam D’Angelo. That emboldened a threatened exodus of nearly all of the startup's 770 employees who signed a letter calling for the board's resignation and Altman's return. “We are encouraged by the changes to the OpenAI board,” Nadella posted on X late Tuesday. How many 16-inch pizzas should I order for 778 people,” the person asks, using the number of people who work at OpenAI.
Persons: OpenAI, , Sam Altman, Bret Taylor, Larry Summers, Adam D’Angelo, D'Angelo, Altman, Greg Brockman, Altman's, Kevin Scott, Satya Nadella, ” Nadella, It's, Nadella, Brockman, ” Brockman, “ It’s, Emmett Shear, , ” Shear Organizations: U.S ., Microsoft Locations: San Francisco, OpenAI
Satya Nadella has strengthened Microsoft by snapping up Sam Altman amid the ongoing drama at OpenAI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs the rapidly unfolding saga at OpenAI continues, key players and observers in the tech industry have been heaping praise on Satya Nadella for his clever strategizing. He wrote in an X post , "You now understand why Satya Nadella is one of the greatest tech CEOs of this generation." "Incredible execution by Satya in one of the most dynamic situations in tech history," he said in an X post .
Persons: Satya Nadella, Sam Altman, Dan Ives, Altman, , OpenAI, Nadella, Greg Brockman, Brockman, Aviral Bhatnagar, Aaron Levie, Satya, Jim Fan, Fan, Altman's, doesn't, it's, Sam Organizations: Microsoft, Service, Guardian, Bloomberg, Wedbush, Business, Venture, RBC Capital Markets, Nvidia Locations: OpenAI
In a statement on the social media platform X, Shear dismissed speculation that OpenAI's board ousted Altman because of a spat over the safety of powerful AI models. OpenAI dismissed Altman on Friday following a "breakdown of communications," according to an internal memo seen by Reuters. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. In a separate post on X, Altman shared Nadella's message with the words, "the mission continues". loadingThe decision not to reinstate Altman as OpenAI's chief confounded efforts by investors and employees to steady the startup's path.
Persons: OpenAI, Emmett Shear, Sam Altman, Shear, OpenAI's, Altman, Satya Nadella, Greg Brockman, Carlos Barria, Nadella, Szymon Sidor, Brockman, Richard Windsor, Ilya Sutskever, Jeffry Dastin, Anna Tong, Urvi, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton Organizations: Microsoft, OpenAI, Reuters, Economic Cooperation, REUTERS, The, Radio Free Mobile, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, OpenAI, San Franciso, Bengaluru, New York
Sam Altman’s bid to return to artificial intelligence company OpenAI faltered on Sunday, as the board that fired him didn’t agree to the proposed terms of his reinstatement. Photo: Patrick T. Fallon/Agence France-Presse/Getty ImagesSAN FRANCISCO—Microsoft said it is hiring Sam Altman to helm a new advanced artificial-intelligence research team, after his bid to return to OpenAI fell apart Sunday with the board that fired him declining to agree to the proposed terms of his reinstatement. Microsoft Chief Executive Satya Nadella posted on X (formerly Twitter) late Sunday that Altman and Greg Brockman , OpenAI’s president and co-founder who resigned Friday in protest over Altman’s ouster, will lead its team alongside unspecified colleagues. Nadella said Microsoft was committed to its partnership with OpenAI and that it would move quickly to provide Altman and Brockman with “the resources needed for their success.”
Persons: Sam Altman’s, OpenAI, Patrick T, Sam Altman, Satya Nadella, Altman, Greg Brockman, Nadella, Brockman, Organizations: Fallon, Agence France, Microsoft, OpenAI
Microsoft emerges as big winner from OpenAI turmoil
  + stars: | 2023-11-20 | by ( Aditya Soni | ) www.reuters.com   time to read: +3 min
[1/2] Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. The turmoil at OpenAI since Friday had raised fears about the fallout for Microsoft, which has pumped in billions of dollars and uses the pioneer's technology for most of its AI offerings. That was nearly equal to the valuation OpenAI commanded in its last fundraise. We view Microsoft now even in a stronger position with Altman and Brockman at Microsoft running AI. "The OpenAI for-profit subsidiary was about to conduct a secondary at a $80 billion+ valuation.
Persons: Satya Narayana Nadella, Lucas Jackson, Sam Altman, Altman, Dan Ives, Brockman, OpenAI, Greg Brockman, Szymon Sidor, SemiAnalysis, Mira Murati, Aditya Soni, Akash Sriram, Sriraj Organizations: Microsoft, REUTERS, Google, Wedbush Securities, Thomson Locations: Manhattan, New York City, OpenAI, Bengaluru
Former Twitch CEO and cofounder, Emmett Shear, was named interim CEO of the company and Altman had joined former partner Microsoft. Altman was ousted from OpenAI in a shock board decisionAltman was immediately ousted from OpenAI in a dramatic board decision on Friday. According to a timeline provided by fellow OpenAI cofounder Greg Brockman, Altman received a text from board member Ilya Sutskever asking to talk at midday Friday. OpenAI board was 'optimistic' about getting Altman backInvestors, including Microsoft CEO Satya Nadella, were reportedly "blindsided" by the decision to remove Altman. Altman and Brockman join MicrosoftIn a final twist, Microsoft CEO Satya Nadella scooped up Altman and Brockman to lead "a new advanced AI research team" at Microsoft.
Persons: Sam Altman, kickstarting, Altman, , Emmett Shear, Greg Brockman, Ilya Sutskever, Brockman, Sutskever, OpenAI, Satya Nadella, Jason Kwon, Nadella, Shear, Mira Murati, Aleksander Madry, Szymon Sidor, Jakub Pachocki Organizations: Microsoft, Service, Twitch, OpenAI, Bloomberg, The
NEW YORK, Nov 20 (Reuters Breakingviews) - Microsoft (MSFT.O) boss Satya Nadella’s stressful weekend is probably only the beginning. A lack of corporate governance protections left Nadella with few options to salvage his company’s $13 billion investment in OpenAI. As a 49% owner of OpenAI, Microsoft could have hedged itself by getting more directly involved in oversight. Recruiting Altman is at least a better outcome for Microsoft than standing by and watching him go to Google, a rival startup or opening his own AI shop. Money and salesmanship are two essential elements of developing AI, but so are the proper controls, risk management and strategic clarity.
Persons: Satya Nadella’s, OpenAI, Sam Altman, Altman, Reid Hoffman, Elon Musk’s, Satya Nadella, Greg Brockman, OpenAI’s, Brockman, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Microsoft, Google, Altman, Thomson Locations: OpenAI
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