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Microsoft (MSFT.O) owns 49% of the for-profit operating company, according to sources familiar with the matter. Other investors and employees control 49%, with 2% owned by OpenAI's nonprofit parent, according to Semafor. OpenAI's board fired Altman on Friday after a "breakdown of communications," according to an internal memo seen by Reuters. Venture capital investors usually hold board seats or voting power in their portfolio companies but OpenAI is controlled by its nonprofit parent company OpenAI Nonprofit, which according to OpenAI's website was created to benefit "humanity, not OpenAI investors." Nonprofit boards have legal obligations to the organizations they oversee.
Persons: Dado Ruvic, Sam Altman, OpenAI, Altman, Minor Myers, Paul Weitzel, Weitzel, Steve Jobs, Anna Tong, Krystal Hu, Jody Godoy, Tom Hals, Kenneth Li, Lisa Shumaker, Matthew Lewis Organizations: REUTERS, Reuters, Microsoft, Venture, OpenAI Nonprofit, University of Connecticut, Nonprofit, University of Nebraska, Apple, Thomson Locations: OpenAI, San Francisco, New York
Paying off debt can give you more money to save and invest, and free up your budget later. Increasing your income with a raise or side hustle could give you more money to save. Cut your living expensesIf you're able to downsize your living expenses, it could allow you to save more. Additionally, living below your means can help you save more and create a lifestyle now that will be sustainable in retirement later. Investing the difference could help you save more and get closer to your goal.
Persons: You'll, Brian Weitzel, you've, Read Organizations: Service Locations: Wall, Silicon, New York City, Seattle, Manhattan
Microsoft's VP of Energy Brian Janous is leaving. Brian Janous, Microsoft's VP in charge of data center energy strategy, is leaving just a month after being promoted to his current position, Insider has learned. Janous spent more than 11 years at Microsoft, primarily overseeing the company's cloud infrastructure energy and sustainability efforts. He was the first employee on Microsoft's energy team and was promoted to VP of Energy in June 2023, according to his Linkedin page. Janous is the latest executive to leave Microsoft's broader Cloud Operations and Innovations team, which manages the company's all-important cloud infrastructure.
Persons: Energy Brian Janous, Janous, Brian Janous, Microsoft's, Aditya Dalmia, Brian, Noelle Walsh, Scott Guthrie, Jennifer Weitzel, Osvaldo Morales, Michael Czamara, Dan Madrigal, Jeffrey Cox, Eugene Kim Organizations: Energy, Microsoft, Microsoft's CVP, Cloud Infrastructure, Planning, Industry, Operations, Innovations, Cloud Infrastructure Lease, Data, GM, Tejas Sukhadia, Innovation Locations: Microsoft's
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