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☆ Markets tried to fight the Fed on rate cuts. It didn’t work
▼ + stars: | 2024-01-21 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Now there’s roughly a 50/50 chance that the Fed could either cut rates or hold them steady in March, according to futures. A few developments this past week tempered investors’ optimism, and now the possibility of a rate cut in March could be completely thrown out the window, according to economists. He echoed other Fed officials who’ve recently said that beginning to cut rates in March is just not realistic. In addition to officials’ comments, recent economic data also doesn’t bode well for a March rate cut. Markets are expecting twice as many rate cuts this year than what Fed officials themselves estimated in their latest economic projections released in December.

Persons: ’, Christopher Waller, ”, who’ve, Loretta Mester, “, Mary Daly, it’s, Daly, bode, Waller, ” Bill Adams, ” Daniel Altman, Jerome Powell’s, Donald Trump, Christine Lagarde, couldn’t, Jamie Dimon, Trump, Joe Biden, Bank of America’s Brian Moynihan, OpenAI’s Sam Altman, Johnson, Lockheed Martin, Levi Strauss, Booz Allen Hamilton, CNN’s Elisabeth Buchwald Organizations: CNN Business, Bell, DC CNN — Federal Reserve, Fed, Brookings Institution, ” Cleveland Fed, Bloomberg, ” San Francisco Fed, Fox Business, Commerce Department, Labor Department, Employers, Comerica Bank, CNN, Biden, Trump, Economic, European Central Bank, ”, JPMorgan, Bank of America’s, United Airlines, The Bank of Japan, Netflix, General Electric, Procter, Gamble, Johnson, Verizon, Lockheed, Haliburton, Tesla, IBM, Bank of Canada, Global, American Airlines, Southwest Airlines, Alaska Airlines, Co, Visa, Intel, Mobile, Comcast, Capital, US Commerce Department, Chicago Fed, US Labor Department, American Express, Colgate, Palmolive, Booz, National Association of Realtors Locations: Washington, ” San, East, Iran, Davos, Switzerland, Iowa, Swiss, United States

☆ Davos: AI shouldn’t make ‘life-or-death’ decisions, says OpenAI’s Sam Altman
▼ + stars: | 2024-01-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

But there are also dystopian fears that AI could destroy humanity or, at least, lead to widespread job losses. He said people had found ways to make themselves more productive using generative AI and they also understood “what not to use it for.” Generative AI gives humans “better tools” and “access to a lot more capability” but “we’re still very focused on each other,” he added. In a report Sunday, the International Monetary Fund predicted that AI will affect almost 40% of jobs around the world, “replacing some and complementing others,” but potentially worsening income inequality overall. Notwithstanding optimism over the technology’s potential, both Benioff and Altman stressed the need for regulating AI systems to guard against some of the potential existential threats posed by the technology. “I think it’s good that people are afraid of the downsides of this technology,” Altman said.

Persons: OpenAI’s Sam Altmann, ChatGPT, Altman, “, Marc Benioff, ” Altman, OpenAI —, ”, Olesya Dmitracova Organizations: London CNN, Economic, International Monetary Fund, New York Times Locations: Switzerland, Davos, Milan

☆ How Microsoft’s Satya Nadella Kept the ‘Best Bromance in Tech’ Alive
▼ + stars: | 2023-11-20 | by ( Karen Weise | ) www.nytimes.com time to read: +1 min

Just two weeks ago, Microsoft’s Satya Nadella stood onstage next to OpenAI’s Sam Altman at the start-up’s conference in a former concert hall in San Francisco. Both wore black jeans, Mr. Altman in an army-green shirt and Mr. Nadella in navy casual. “We love you guys!” Mr. Nadella said as he turned to Mr. Altman. “Awwww,” Mr. Altman responded. And what could have been an embarrassing moment for Mr. Nadella and his company has turned into a display of corporate muscle flexing that has stunned industry insiders.

Persons: Satya Nadella, OpenAI’s Sam Altman, Altman, Nadella, “, Mr, OpenAI Organizations: Microsoft Locations: San Francisco, OpenAI

☆ Google’s C.E.O. to Take Another Turn on the Antitrust Witness Stand
▼ + stars: | 2023-11-14 | by ( Nico Grant | More About Nico Grant | ) www.nytimes.com time to read: +1 min

Testifying under oath is a task that many tech chief executives might be asked to do in the coming years, with Amazon, Meta and others facing their own antitrust court fights. Though he was never called to the witness stand to testify, Bill Gates, who was chief executive of Microsoft in the last big technology antitrust case brought by the Justice Department more than two decades ago, came across as combative and evasive in depositions. Mr. Zuckerberg has at times exasperated lawmakers with vague responses, while Mr. Altman appeared to charm senators in a hearing this year. The main duty on the witness stand for Mr. Pichai — a low-key and detail-focused executive — has been to keep the temperature low under questioning and keep to the central point of Google’s antitrust defense: that it is an innovative company that has maintained its leadership through innovation and hard work instead of illegal monopolistic behavior. The Justice Department filed its landmark antitrust suit against Google in October 2020, arguing that the company’s default-search deals with phone makers and browser companies helped it illegally maintain a monopoly.

Persons: Bill Gates, Mark Zuckerberg, OpenAI’s Sam Altman, Zuckerberg, Altman, Pichai, — Organizations: Amazon, Microsoft, Justice Department, Google

☆ Sam Altman on the Future of AI—and How to Navigate the Tricky Path Forward
▼ + stars: | 2023-10-24 | by ( ) www.wsj.com time to read: +1 min

OpenAI’s Sam Altman and Mira Murati discuss the capabilities of their future GPT models, how human relationships with AI will change in the future and fears about safety, liability and work as the technology advances. Photo: Nikki Ritcher for The Wall Street JournalIn the fast-moving world of artificial intelligence, talk about the future tends to focus on something referred to as “artificial general intelligence”—the stage at which AI will be capable of doing any job a human can do, only better. Perhaps no company is in a better position to talk about the potential benefits and risks of this so-called AGI than OpenAI (49%-owned by Microsoft ), the creators of the popular chatbot ChatGPT. At The Wall Street Journal’s annual Tech Live conference last week, the Journal’s senior personal-technology columnist Joanna Stern spoke with OpenAI’s Chief Executive Sam Altman and Chief Technology Officer Mira Murati . Edited excerpts of their conversation follow.

Persons: OpenAI’s Sam Altman, Mira Murati, Nikki Ritcher, ”, Joanna Stern, Sam Altman Organizations: Wall, Microsoft, Tech, OpenAI’s

☆ 3 Things I Learned About What’s Next in AI
▼ + stars: | 2023-10-20 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

What is AGI and when will it become the new norm? OpenAI’s Sam Altman and Mira Murati discuss the capabilities of their future GPT models, how human relationships with AI will change in the future and how to address fears about safety, liability and work as the technology advances. After interviewing the makers of ChatGPT earlier this week, I’m left pondering: How exactly would I explain my job to an ancient hunter-gatherer? I’m thinking: “I put words and pictures into a machine that makes a clickety-clack sound and then those words and pictures can be seen by others with clickety-clack machines.”

Persons: Sam Altman, Mira Murati, I’m, “

☆ 3 Ways Tomorrow’s AI Will Differ From Today’s Chatbots
▼ + stars: | 2023-10-20 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

Persons: Sam Altman, Mira Murati, I’m, “

☆ WSJ Tech Live 2023: OpenAI’s Sam Altman and Meta’s Chris Cox to Headline
▼ + stars: | 2023-10-17 | by ( Wsj Staff | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/ai/wsj-tech-live-2023-full-coverage-c2cb70fa

Persons: Dow Jones

☆ WSJ Tech Live 2023: OpenAI’s Sam Altman, Meta’s Chris Cox, Arnold Schwarzenegger and John Legend to Headline
▼ + stars: | 2023-10-16 | by ( Wsj Staff | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ 2 Senators Propose Bipartisan Framework for A.I. Laws
▼ + stars: | 2023-09-07 | by ( Cecilia Kang | More About Cecilia Kang | ) www.nytimes.com time to read: +1 min

Senator Richard Blumenthal, Democrat of Connecticut, and Senator Josh Hawley, Republican of Missouri, plan to announce a sweeping framework to regulate artificial intelligence, in the latest effort by Congress to catch up with the technology. The lawmakers plan to highlight their proposals in an A.I. hearing on Tuesday, which will feature Brad Smith, Microsoft’s president, and William Dally, the chief scientist for the A.I. Mr. Blumenthal and Mr. Hawley plan to introduce bills from the framework. On Wednesday, top tech executives including Elon Musk, Microsoft’s Satya Nadella and OpenAI’s Sam Altman will meet with the Senate leader, Chuck Schumer, and other lawmakers in a separate closed-door meeting on A.I.

Persons: Richard Blumenthal, Josh Hawley, Brad Smith, William Dally, Blumenthal, Hawley, Elon Musk, Satya Nadella, OpenAI’s Sam Altman, Chuck Schumer Organizations: Nvidia, Mr, Elon Locations: Connecticut, Republican, Missouri

☆ OpenAI’s Sam Altman Is Taking a Nuclear-Energy Startup Public
▼ + stars: | 2023-07-12 | by ( Jennifer Hiller | Amrith Ramkumar | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, altman

☆ In Contrast to China, Japan at G-7 Basks in Newfound Appeal to Companies
▼ + stars: | 2023-05-21 | by ( Peter Landers | ) www.wsj.com time to read: 1 min

Japan’s central bank forecasts that output will grow 1.4% in the fiscal year ending next March, surpassing the prepandemic peak. Photo: kimimasa mayama/ShutterstockTOKYO—You would think this was the capital of a fast-growing Asian tiger economy the way American CEOs are flocking here these days. Apple ’s Tim Cook , Google’s Sundar Pichai , OpenAI’s Sam Altman , Intel’s Patrick Gelsinger and Warren Buffett are among the bosses to show up in recent months. Better reserve in advance if you want the hotel’s executive suite.

☆ OpenAI’s Sam Altman Urges A.I. Regulation in Senate Hearing
▼ + stars: | 2023-05-16 | by ( Cecilia Kang | ) www.nytimes.com time to read: +1 min

The tone of congressional hearings involving tech industry executives in recent years can best be described as antagonistic. Mark Zuckerberg, Jeff Bezos and other tech luminaries have all been dressed down on Capitol Hill by lawmakers upset with their companies. But on Tuesday, Sam Altman, the chief executive of the San Francisco start-up OpenAI, testified before members of a Senate subcommittee hearing and largely agreed with them on the need to regulate the increasingly powerful A.I. The boyish-looking Mr. Altman traded in his usual pullover sweater and jeans for a blue suit and tie as he offered a loose framework to manage what happens next with the fast-developing systems that some believe could fundamentally change the economy. In his first testimony before Congress, Mr. Altman implored lawmakers to regulate artificial intelligence as members of the committee displayed an understanding of the technology, underscoring the deep unease felt by technologists and government over A.I.’s potential harms.

☆ OpenAI’s Sam Altman is the latest tech entrepreneur making a play to extend the human lifespan. Here are 15 of the world's wealthiest entrepreneurs trying to crack the code of living forever.
▼ + stars: | 2023-03-08 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Sam AltmanOpenAI's Sam Altman reportedly invested $180 million into a longevity startup called Retro Biosciences, according to MIT Technology Review. Lucy Nicholson/ReutersSam Altman is quickly establishing himself as a household name as the CEO of OpenAI, the company behind ChatGPT. Altman seems to be channeling some of his probable largesse into extending the human lifespan. MIT Technology Review reported that Altman invested $180 million into Retro Biosciences, a company with a mission to "add 10 years to healthy human lifespan," according to the company's site. Altman's investment in Retro Biosciences is among the "largest ever by an individual into a startup pursuing human longevity," MTR said.

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