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☆ Top minds at Milken unveil what they're seeing under the surface of the US economy as the national debt burden rises to nauseating levels
▼ + stars: | 2024-05-08 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

For the 27th straight year, some of the brightest minds from across the business world descended on Beverly Hills in early May to attend the Milken Institute Global Conference. But while speculation stole headlines, Milken speakers spent much of their time fixated on the state of the US economy. But despite continued concerns about stagflation, Milken speakers overwhelmingly expressed confidence about economic growth at a May 6 session called "Global Markets at Inflection." "The economy is still extremely strong, consumers are still doing really well, businesses are still doing really well," Scharf said. Though far from perfect, the US is still the best place to investDespite the $34.7 trillion anvil hanging over the economy, Milken speakers widely agreed that the US is still the best place to invest and operate a company.

Persons: Elon Musk, he's, Milken, Wells, Franklin Templeton, Gerard Baker, Andre Esteves, Jenny Johnson, Charlie Scharf, Scharf, we've, it's, you've, hasn't, Sam, Joshua Friedman, Anne Walsh, Friedman, Esteves, they've, Johnson, " Scharf, Wells Fargo Organizations: Milken Institute Global, SpaceX, Business, Milken, The, Consumers, Starbucks, Canyon Partners, Investors, Guggenheim Investments, Milken Institute Global Conference, US Locations: Beverly Hills, Wells Fargo, Brazil, McDonald's, Washington

☆ Aaron Taylor-Johnson's wife Sam says the attention on their 23-year age gap can be 'uncomfortable'
▼ + stars: | 2024-04-11 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Sam Taylor-Johnson isn't fond of the public scrutiny that her age-gap relationship with Aaron Taylor-Johnson gets. AdvertisementDirector Sam Taylor-Johnson said she does not enjoy the attention she and her actor husband, Aaron Taylor-Johnson, receive over the 23-year age gap in their relationship. "There are times when it's uncomfortable," Sam told The Hollywood Reporter, referring to the scrutiny they receive for their age-gap relationship. In March, Aaron told Rolling Stone UK that he doesn't quite understand why people like to weigh in on their relationship. Aaron and Sam aren't the only celebrity couple with a big age gap.

Persons: Sam Taylor, Johnson, Aaron Taylor, —, Amy Winehouse, Sam, Aaron, Harper's, Sam isn't, James Bond, Daniel Craig, Sam aren't, Dick Van Dyke, Arlene Silver, Patrick Stewart, Sunny Ozell Organizations: Hollywood, Service, Guardian, Rolling Stone UK, Office Mojo, Business Insider

☆ A complete timeline of Sam and Aaron Taylor-Johnson's relationship
▼ + stars: | 2024-04-10 | by ( Olivia Singh | ) www.businessinsider.com time to read: +32 min

Actor Aaron Taylor-Johnson and director Sam Taylor-Johnson have been married since 2012. AdvertisementActor Aaron Taylor-Johnson, 33, and director Sam Taylor-Johnson, 57, have been together for more than a decade. 2009: Aaron proposes to Sam after wrapping the filmSam Taylor-Johnson and Aaron Taylor-Johnson in September 2009. February 2017: Aaron says that the public's fixation on their relationship is 'intrusive'Sam Taylor-Johnson and Aaron Taylor-Johnson in April 2014. March 2021: It's reported that Sam and Aaron will team up for another film togetherSam Taylor-Johnson and Aaron Taylor-Johnson in February 2019.

Persons: Aaron Taylor, Johnson, Sam Taylor, Aaron, Sam, —, Here's, John Lennon, Dave M, née Taylor, Wood, Jay Jopling, Anjelica, Jessie Phoenix, Anjelica Jopling, John Lennon's, Julia, Harper's, Sam I'd, –, Mike Marsland, IndieWire, Pascal Le Segretain, I'm, We've, Aaron didn't, Simon Hattenstone, Hattenstone, Jonathan Ross, Sam's, Wylda Rae, Peter Kramer, Wylda, R.E.M, Romy Hero, Sang Tan, Taylor, Johnson Sam Taylor, Stewart Wilson, London's, Jordan Strauss, We're, Charles Sykes, Anna Karenina, Aaron Johnson, Angus, Thongs, Tom Ford's, Eric Charbonneau, Jesus, Romy, Joel Ryan, Aaron gushes, Mr Porter, Benjamin Button, she's, HBD, Zoë Kravitz, Karl Glusman's, aron, ohnson, aron T aylor-, aid., ames, ieces', ike, elationship, aron d anced, ong, rowe, eing, ove ✍ 🏼 f, m., Jo, " Sony, ted the of, tarr, Aaron T aylor, ady, roper, I w, hie Turner, elebr, 0s, I, cott, Adve, , ', hou Organizations: Service, Nowhere, Hollywood Reporter, The Telegraph UK, Sunday Times UK, Telegraph UK, The Telegraph, Guardian, Globe, New York Magazine, Hollywood, Artist &, ust, ici, ntr Locations: Jopling, Liverpool, London, Somerset, England, Phoenix, Paris, ife, gan

☆ Parent of FTX victim who lost $130,000 asks judge to go easy on SBF, suggests six years in prison versus DOJ's 40-50
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Michael M. Santiago | Getty ImagesHeather Ferguson's son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November 2022. Ferguson's letter is part of an eleventh hour push by the defense to appeal to Kaplan's sense of leniency as the judge gears up for Bankman-Fried's sentencing hearing on Thursday. Bankman-Fried's psychiatrist, George Lerner, told Judge Lewis Kaplan in a letter in August that the former FTX CEO has a history of depression and attention-deficit/hyperactivity disorder. Without his medication, Lerner warned the judge, "Bankman-Fried will experience a return of his depression and ADHD symptoms and will be severely negatively impacted in his ability to assist in his own defense."

Persons: Sam Bankman, Fried, Michael M, Heather Ferguson's, Ferguson, District Judge Lewis Kaplan, Yesha Yadav, Dean, Kaplan, George Lerner, Lewis Kaplan, Lerner, Maria Centrella, Asperger's, Judge Kaplan, Michael Lewis's, Sam I, …, Centrella, Joe, Sam, Matt Kelly, Kelly Organizations: Manhattan Federal Court, Santiago, Getty, District, Alameda Research, Vanderbilt University, CNBC, Bankman, Autism, MIT Locations: New York City, Manhattan

☆ Sam Bankman-Fried faces sentencing this week. Here’s what to expect
▼ + stars: | 2024-03-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Sentencing is a much more fluid process, with both sides allowed to make sweeping arguments to try to make their case to the judge. But instead, his life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money,” prosecutors wrote in a memo. In a letter to the court, Marc Mukasey, the lawyer Bankman-Fried retained for sentencing, called the government’s memo “disturbing” and accused the government of trying to “break” Bankman-Fried. His behavior may come back to haunt Bankman-Fried in sentencing, Fischer said. But legal experts say that even if 100% of FTX customers get their money back, it’s not necessarily going to sway the judge to go easy on Bankman-Fried.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, Kaplan, Howard Fischer, Moses Singer, Prosecutors, Fried, Marc Mukasey, Bankman, ” Mukasey, “, Sam, ’, Caroline Ellison, Fischer, ” Ellison, Bernie Madoff, it’s, ’ ”, John Ray, ” Ray Organizations: New, New York CNN, Southern, of, Prosecutors, Bankman, MIT, Detention, ” Prosecutors, Alameda Research Locations: New York, Manhattan, of New York, Palo Alto , California, Brooklyn, Bankman, FTX, Alameda

NEW YORK (AP) — FTX founder Sam Bankman-Fried's orchestration of one of history's largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. “His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money. And even now Bankman-Fried refuses to admit what he did was wrong,” prosecutors wrote. Bankman-Fried was extradited to the United States in December 2022 from the Bahamas after his companies collapsed a month earlier. “Even following FTX’s bankruptcy and his subsequent arrest, Bankman-Fried shirked responsibility, deflected blame to market events and other individuals, attempted to tamper with witnesses, and lied repeatedly under oath,” prosecutors said, citing his trial testimony.

Persons: — FTX, Sam Bankman, Prosecutors, Tom Brady, Larry David, “, Fried, ”, ” “, Judge Lewis A, Kaplan, Marc Mukasey, “ Sam, ” Mukasey, — Locations: Manhattan, ”, United States, Bahamas, Palo Alto , California

☆ The breathtaking scope of Sam Altman's future AI empire
▼ + stars: | 2024-03-07 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

If Sam Altman is to achieve his dream of artificial general intelligence in his lifetime, that number will need to double or triple every year for the foreseeable future. These wide-ranging plans for global transformation go far beyond Altman's role as the CEO of generative AI behemoth OpenAI, developer of ChatGPT. EnergyThe first pillar of Altman's grand unified theory of the future rests on energy. Headlining the event was company chairman and investor Sam Altman, who appeared via video call projected on a towered cineplex. And Altman's AGI empire extends beyond just the energy and raw material required to build AGI.

Persons: Sam Altman, he's, Altman, it's, Max, Jack, Sam himself, Sam, David Kirtley, Helion, He's, Joe Betts Lacroix, Lacroix, where's, Joe Biden, Tade Oyerinde, Oyerinde, Ali Ghodsi, Ghodsi Organizations: Nvidia, Business, Elon, Altman, OpenAI, Energy, Bloomberg, Concorde, Wall Street, Retro Biosciences, Capitol, PAC Locations: Silicon Valley, OpenAI, Davos, New York, Redmond , Washington, Washington

☆ Sam Altman tells staff OpenAI investigation will 'soon' close, as employees brace for more surprises
▼ + stars: | 2024-03-05 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

Inside OpenAI, Sam Altman is still approachable and friendly to staff, even though many of them are realizing how little they know about how the company operates. Altman responded simply that it would be "over soon," supplying staff with no other detail, according to two people who witnessed the exchange. The internal investigation nearing its end was also reported by the Wall Street Journal and The New York Times. Such a lack of candor with employees is a more recent development for Altman, one of the people familiar noted. Although OpenAI employees are paid well, many workers are increasingly concerned about how much risk they're assuming.

Persons: Sam Altman, Altman, Slack, OpenAI, Andrej Karpathy, Karpathy, Ilya Sutskever, OpenAI's, Sutskever, Greg Brockman, Jakub Pachoki, Kali Hays Organizations: Service, Wall Street, The New York Times, SEC, Fund, Street, Microsoft, OpenAI Locations: OpenAI, Karpathy, khays@insider.com

☆ FTX fraudster Bankman-Fried seeks less than 7 year sentence, claims he is at risk of 'harm and extortion' in prison
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +7 min

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. "The harm to customers, lenders, and investors is zero," Bankman-Fried's lawyers wrote. The lawyers wrote that Bankman-Fried has a "neurodiversity" that "greatly affects how he perceives and is perceived." It is not a disease or a condition that needs to be cured," the lawyers wrote. "Individuals with ASD are often at considerably greater risk of physical harm and extortion in prison than other inmates," the lawyers wrote.

Persons: Sam Bankman, Fried, Joseph Bankman, Barbara Fried, Lewis Kaplan, —, Michael Milken, Damian Williams, Williams, Kaplan, Marc Mukasey, Sam, Drexel Burnham Lambert, Milken Organizations: Bankman, Alameda Research, The Manhattan U.S, PSR, Defense, Drexel, CNBC PRO Locations: New York, FTX, Manhattan, Alameda, Brooklyn , New York

☆ Sam Bankman-Fried's parents are begging a judge to keep him out of prison, warning their son's social awkwardness could put him in 'extreme danger'
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Bankman-Fried's lawyers filed a sentencing submission, asking for a prison sentence of no longer than 78 months — or six-and-a-half-years. The US Probation Office, which issues sentencing reports that judges typically rely on, recommended 100 years behind bars — which Bankman-Fried's lawyers called "barbaric." Advertisement"That recommendation is grotesque," Bankman-Fried's lawyers wrote. Sam Bankman-Fried's approach to veganism illustrated both his selflessness and awkwardness, his younger brother, Gabriel Bankman-Fried, wrote in a letter to the judge. In the sentencing submission, Bankman-Fried's lawyers argue that "the most reasonable estimate" for how much his victims lost was "zero."

Persons: —, Sam Bankman, Barbara Fried, Joseph Bankman, Gabriel Bankman, neurodiversity, Sam, Bankman, Lewis Kaplan, Fried, Jane Rosenberg, FTX, Michael M Santiago, Carmine Simpson, Simpson, That's, Gabriel, Seth Wenig, Marc Mukasey, Torrey Young, weren't, Barbara Fried —, John J, Ray III, John Ray Organizations: Service, Business, US, Prosecutors, Alameda Research, Office, Stanford Law, MIT, Wall, of Prisons, San, United, AP Locations: Manhattan, FTX, Brooklyn, Bahamas

☆ An ex-cop in jail with Sam Bankman-Fried says he's eating 'disgusting-looking beans and week-old brown lettuce' because of his veganism
▼ + stars: | 2024-02-28 | by ( Kwan Wei Kevin Tan | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Read previewSam Bankman-Fried is maintaining his vegan diet in jail, but it's not going very well. Carmine Simpson, an ex-NYPD officer behind bars with Bankman-Fried, wrote a letter to US District Judge Lewis Kaplan where he pleaded for leniency on Bankman-Fried's behalf. Kaplan is set to sentence Bankman-Fried on March 28, months after the FTX founder was found guilty of seven counts of fraud and conspiracy in November. First photo of Sam Bankman-Fried in jail at MDC Brooklyn. Representatives for Bankman-Fried did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Sam Bankman, it's, Carmine Simpson, Lewis Kaplan, Kaplan, Sam, Simpson, Fried, Marc Mukasey, Joseph Bankman, Barbara Fried, Tiffany Fong, He's, I've, Fong Organizations: Service, ex, Business, MDC Brooklyn, Bankman, Business Insider

☆ Neuralink is less advanced than these 4 brain-computer devices. See Elon Musk's competition.
▼ + stars: | 2024-02-08 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +10 min

Elon Musk's brain-computer interface company, Neuralink, has implanted into a first human patient. AdvertisementElon Musk announced his brain interface company, Neuralink , implanted its first human brain chip last week. Courtesy of Blackrock NeurotechToday, most people who have a BCI implanted in their head have a Blackrock device. For now, all implanted BCIs are a way for people with severe forms of paralysis to regain independence, using their thoughts to control devices and access the internet. The neurodegenerative condition rendered key muscles in her face limp, but a BCI device is helping her communicate again.

Persons: Elon, Musk, who've, —, Elon Musk, you'd, Blackrock Neurotech, Florian Solzbacher, Marcus Gerhardt, BrainGate Pat Bennett, Steve Fisch, Stanford Medicine BrainGate, Matthew Nagle, Nagle, they're, Gerhardt, Leigh Hochberg, Synchron, Dr, Thomas Oxley, Angela Weiss, stentrode, Musk —, Max Hodak, Hodak, didn't, Ann Johnson, Dutchman Gert, Jan Oksam, Oksam, we'll, Stephen Hawking Organizations: BCI, Service, Twitter, Blackrock, Blackrock Neurotech, Stanford Medicine, Brown University, BrainGate, Getty Images, Reuters, Bloomberg, University of California, Lausanne University, California –, Elon Locations: Massachusetts, Utah, Blackrock, Getty Images Brooklyn, Australia, San Francisco, Switzerland, California

☆ A Tender Debut Novel About the Beauty and Pain of First Love
▼ + stars: | 2024-01-27 | by ( Maxwell Gillmer | ) www.nytimes.com time to read: +1 min

When we meet Daniel, he is quiet, nerdy and prone to self-doubt. On the surface, he resembles the type of boy who would have tormented Daniel in high school, but Sam is different, Daniel realizes. From the moment they meet, Sam is nothing but warmhearted, and Daniel cannot help developing a starry-eyed crush on him. He can’t seem to pin down Sam’s sexuality, and on the chance Sam is attracted to men, is he attracted to Daniel? In the first half of the novel, Daniel feels the boundary between friendship and romance blurring, but that raises new questions: What are Sam and Daniel to each other?

Persons: Andrés, ”, “, Daniel de La Luna, Daniel, Sam Organizations: WE, THE Locations: Mexican American, Ithaca, N.Y

☆ Gene Therapy Allows an 11-Year-Old Boy to Hear for the First Time
▼ + stars: | 2024-01-23 | by ( Gina Kolata | ) www.nytimes.com time to read: +1 min

Last year, after moving to Spain, his family took him to a hearing specialist, who made a surprising suggestion: Aissam might be eligible for a clinical trial using gene therapy. On Oct. 4, Aissam was treated at the Children’s Hospital of Philadelphia, becoming the first person to get gene therapy in the United States for congenital deafness. His is an extremely rare form, caused by a mutation in a single gene, otoferlin. Otoferlin deafness affects about 200,000 people worldwide. The goal of the gene therapy is to replace the mutated otoferlin gene in patients’ ears with a functional gene.

Persons: Aissam, ” Aissam, “ Organizations: Children’s Hospital of Philadelphia Locations: Aissam, Morocco, Spain, United States

☆ Everything you need to know about the 'Squid Game: The Challenge finalists Sam, Mai, and Phill
▼ + stars: | 2023-12-05 | by ( Amanda Paule | Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Finalists Sam Lantz, Mai Whelan, and Phill Cain are competing for the $4.56 million grand prize. The finalist dinner in "Squid Game: The Challenge" episode ten. Mai Whelan (Player 287)Mai Whelan attends the "Squid Game: The Challenge" Celebration at the Trials Live Experience Space on November 30, 2023, in Los Angeles, California. Mai Whelan speaking to Ashley Tolbert in episode nine of "Squid Game: The Challenge." AdvertisementPlayer 337 Bradford and Phill during the marbles game in episode six of "Squid Game: The Challenge."

Persons: Sam Lantz, Mai Whelan, Phill Cain, —, Joe Scarnici, Netflix Sam Lantz, Sam, Lantz, Doug Lantz, pitbull, Moo, Netflix Mai Whelan, Mai, Ashley Tolbert, Phill Cain's Instagram, Netflix Phill Cain, Phill Organizations: Netflix, Service, ABC, People's Army, US Navy, Bradford, Major League Quadball's New York Titans, US Quadball's, Games, Brazilian national Locations: Los Angeles , California, Fort Lauderdale , Florida, Kuna , Idaho, Fairfax County , Virginia, Vietnam, Saigon, Viet, New Jersey, Brazil, United States, York

☆ OpenAI COO Brad Lightcap talks about ChatGPT launch, Dev Day and how Sam Altman thinks
▼ + stars: | 2023-12-04 | by ( Hayden Field | ) www.cnbc.com time to read: +23 min

And I think that's just a testament to the world being really big and messy, and that these systems are still evolving, they're still really in their infancy. That may be a thing that's useful in your work, or maybe a thing that's useful in your life, or it may just be a fun thing – it may just be that you create a funny GPT and it's a cool thing to have. High-level, we always knew that we wanted to have a structure that, at its core, retained the original OpenAI – the OpenAI nonprofit. So that's the first thing to understand, I think, about OpenAI: It's not a normal company in that sense. We have shared that we have an initial board now, and expect to add more board membersWhat's the general mood like at the company right now?

Persons: OpenAI, Sam, Altman, Brad Lightcap, Lightcap, ChatGPT, OpenAI's, Bret Taylor, Larry Summers, Adam D'Angelo, Dev Day, DALL, we'd, doesn't, haven't, they've, – there's, There's, …, We're, we've, Dev, It's, You've, Sam Altman, reappointment Organizations: CNBC, Fortune, Microsoft, ChatGPT Enterprise, OpenAI, OpenAI's Locations: San Francisco

☆ Sam Altman really, really doesn't want to talk about why he was fired
▼ + stars: | 2023-11-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

It's still unclear why the former OpenAI board fired Sam Altman. The new board is conducting an independent review into the matter, and Altman is again CEO. Everyone is still wondering why exactly the board pushed him out, but Altman isn't ready to talk about it yet. AdvertisementInstead, Altman said he's "looking forward to learning more" from an independent review being conducted by the new board of OpenAI. AdvertisementThe chaotic ordeal started with an announcement of Sam Altman being out as CEO and CTO Mira Murati assuming the role in an interim capacity.

Persons: It's, Sam Altman, Altman, —, OpenAI's, Mira Murati, Sam, Bret Taylor, Larry Summers, Adam D'Angelo Organizations: Service, Microsoft Locations: OpenAI

☆ Satya Nadella says it doesn't matter where Sam Altman ends up because he'll still be working with Microsoft anyway
▼ + stars: | 2023-11-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

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

☆ OpenAI's interim CEO once described meeting Sam Altman and immediately recognizing his business superpower
▼ + stars: | 2023-11-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

OpenAI's interim CEO Emmett Shear praised Sam Altman's dealmaking skills in a podcast interview. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSam Altman, the ex-CEO of OpenAI who got ousted from the company, is more than just the face of ChatGPT. He's also known for his business superpower as a savvy dealmaker, at least according to Emmett Shear, now interim CEO of OpenAI. "Sam Altman is really good at raising money," Shear said on the podcast.

Persons: Emmett Shear, Sam Altman's, Shear, OpenAI CEO's, Altman, —, Sam Altman, OpenAI, He's, Twitch, Logan Bartlett, Sam, Bartlett, Altman's, Y, Kevin Bacon, Peter Thiel, Rahul Vohra, Sundar Pichai, Lachy Groom Organizations: Microsoft, Service, Sprint, Verizon, Financial Times, Google Locations: Helion, Silicon Valley

☆ Silicon Valley agrees that Satya Nadella is winning
▼ + stars: | 2023-11-21 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

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

☆ OpenAI board, Altman in talks for return of former CEO - Bloomberg News
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Sam Altman, CEO of OpenAI, attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Talks are happening between Altman and at least one board member, Quora CEO Adam D'Angelo, the report said. Altman could return as a director on a transitional board and the talks also involve some investors of the artificial intelligence startup. But things appeared fluid, as Microsoft CEO Satya Nadella told media on Monday "irrespective of where Sam is, he's working with Microsoft" and that governance at OpenAI needed to change. Other than Quora's D'Angelo, OpenAI's four-person board consisted of Tasha McCauley, Helen Toner and OpenAI chief scientist Ilya Sutskever as of Friday.

Persons: Sam Altman, Carlos Barria, Altman, Adam D'Angelo, Greg Brockman, Satya Nadella, Sam, Brockman, Nadella, Emmett Shear, Quora's D'Angelo, OpenAI's, Tasha McCauley, Helen Toner, Ilya Sutskever, Akash Sriram, Chavi Mehta, Devika Syamnath, Arun Koyyur Organizations: OpenAI, Economic Cooperation, REUTERS, Microsoft, Bloomberg, CNBC, Reuters, Thomson Locations: Asia, San Francisco , California, U.S, OpenAI, Bengaluru

☆ The biggest potential loser of the OpenAI fiasco wasn't Sam Altman. It was Satya Nadella.
▼ + stars: | 2023-11-19 | by ( Julie Bort | ) www.businessinsider.com time to read: +6 min

AdvertisementIf Sam Altman can't be convinced to return to OpenAI, Microsoft is in trouble. All of which means that the biggest loser if Altman can't be convinced to return isn't Altman. This OpenAI board is way over its head and the failed coup is now backfiring," investor Dan Ives, an analyst at Webush, told Business Insider. OpenAI only gave Microsoft a few minutes advance warning before announcing Altman's ouster, sources told Business Insider. Earlier this month the company made over 100 announcements of integrations with OpenAI tech across Microsoft's AI tools, AI models, tools in its cloud, the company told Business Insider.

Persons: OpenAI, Sam Altman, Altman, Webush's Dan Ives, —, VCs, Vinod Khosla, Greg Brockman, Altman wasn't, isn't Altman, Satya Nadella, Sam, Dan Ives, Brockman, Mira Murati, he's, Ives, ChatGPT Organizations: Microsoft, Service, Khosla Ventures, Chiefs, Nadella, Business, OpenAI, Google Locations: @OpenAI, Mira, Silicon Valley, OpenAI

Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. "Sam and OpenAI were the catalyst that showed the world what AI tech is capable of," Jannsen said. Silicon Valley's high-profile startup CEO firings typically involve wrongdoing, rather than just philosophical differences about where the company is headed. "Sam Altman is a hero of mine," former Google CEO and investor Eric Schmidt said in an X post. — CNBC's Lora Kolodny contributed to this report WATCH: OpenAI says Sam Altman exiting as CEO because 'board no longer has confidence.'

Persons: Sam Altman, Carlos Barria, OpenAI, Steve Jobs, Altman, —, Jobs, U.S . Altman, Mark Zuckerberg, Jeff Bezos, Elon Musk, Greg Brockman, Brockman, Ron Conway, Greg, Brian Chesky, Matt Schlicht, Schlicht, Sam, Ryan Jannsen, Jannsen, Patrick Moorhead, They're, Moorhead, Josh Wolfe, Wolfe, he'd, Eric Schmidt, Tom Williams, Airbnb's Chesky, what's, Chesky, Satya Nadella, Zachary Lipton, Carnegie Mellon's Lipton, Lipton, — CNBC's Lora Kolodny Organizations: Economic Cooperation, Reuters, ChatGPT, Apple, U.S ., Amazon, Tesla, Microsoft, Tiger, Sequoia Capital, CNBC, Google, Lux Capital, Cq, Inc, Getty, Carnegie Mellon University, Industry Locations: Asia, San Francisco , California, U.S, Silicon Valley, OpenAI, what's, —

The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board. “The board no longer has confidence in his ability to continue leading OpenAI,” the artificial intelligence company said in a statement. Mira Murati, OpenAI’s chief technology officer, will take over as interim CEO effective immediately, the company said, while it searches for a permanent replacement. While not trained as an AI engineer, Altman, now 38, has been seen as a Silicon Valley wunderkind since his early 20s. Forrester analyst Rowan Curran said Altman's departure, “while sudden,” does not likely reflect problems with OpenAI's business.

Persons: Sam Altman, “, Mira Murati, Altman, what’s, He's, Greg Brockman, Ilya Sutskever, Adam D’Angelo, Tasha McCauley, Helen Toner, Mira, ”, Paul Graham, “ Sam, Graham, ” OpenAI, Elon Musk, Musk, Elon ”, Rowan Curran, ” Curran, Haleluya Hadero, Kelvin Chan, Michael Liedtke, David Hamilton Organizations: Associated Press, OpenAI, Economic Cooperation, Georgetown Center for Security, Emerging Technology, Microsoft Locations: openai, London, Asia, San Francisco, New York

☆ Top strategists at Goldman Sachs' $2.7 trillion asset management arm share why they're optimistic about the economy, all-in on AI, and bullish on these 6 investments in 2024
▼ + stars: | 2023-11-09 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Investors shouldn't expect too many changes in 2024, according to the top investing minds at Goldman Sachs Asset Management (GSAM). GSAM strategists suggested that investors are overlooking the risk that the conflicts cause a sharp slowdown. Higher bond yields usually reflect higher risk since investors demand better compensation for going out on a limb. But it's not just junk bonds that have enticing yields — Wilson-Elizondo said debt for investment-grade firms pays mid-single-digit rates despite boasting robust fundamentals. Sophisticated investors can enhance their returns further with private credit, which Wilson-Elizondo said can offer lofty yields of 11% to 12%.

Persons: they're, Alexandra Wilson, Elizondo, GSAM's, Ashish Shah, Shah, David Rosenberg, Wilson, Michael Bruun, it's, Goldman Sachs, Bruun, " Bruun, — Wilson Organizations: Investors, Goldman Sachs Asset Management, Federal Reserve, Consumers, BSE, Nikkei Locations: GSAM, Israel, Ukraine, India, Japan, China

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