DIRS.INFO The most relevant business & tech news

☆ I'm a Palestinian startup founder. I wanted to do my part for my home country, but now we have to leave.
▼ + stars: | 2024-05-03 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +9 min

The Palestinian startup sceneOur business is based in Ramallah, where Raya lives. If starting a company in Ramallah could benefit the community by creating jobs and further building on the small startup scene there, we wanted to try. When "The Middle Frame" goes through a hard time in the future, we can look back at that screenshot. In the future, when our business is stable in a different market, we could maybe have a smaller operation in the Palestinian market. The Palestinian startup ecosystem needs more examples of successful startups in the wider region to support the startups in Palestine and more investment bodies to support the early-stage startups.

Persons: Mohammad Alnobani, Alnobani, —, We'd, Raya, creatives, We're, I'd, I've, We've, Raya's, we've, it's Organizations: West Bank, Hamas, Service, Young, Palestine, Israel, Getty, UAE Locations: Gaza, Alnobani, Ramallah, Palestinian Territories, Amman, Jordan, Jerusalem, Belfast, Palestinian, Israel, Saudi Arabia, Nablus, Qatar, London, Boston, East, North Africa, it's, Egypt, Europe, Ramallah —, Dubai, Jordanian, Iran, UAE, Palestine

☆ Email startup Beehiiv just raised $33 million to build a big ad business and differentiate itself from rival Substack
▼ + stars: | 2024-05-02 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The firm closed a $33 million round of Series B funding, with the bulk of the money going toward building out its advertising business, CEO Tyler Denk told Business Insider. With the new round of funding, Beehiiv hopes to make $5 million from ads in 2024, he said. AdvertisementBeehiiv acquired the email ad platform Swapstack and launched its ad network that places ads in newsletters during the third quarter of 2023. Beehiiv's Denk said that Beehiiv has a "difference in philosophy" on ads than Substack does.

Persons: —, Tyler Denk, Beehiiv, Denk, Boston Globe Media's, Beehiiv's cofounders, Substack, Jesse Singal, Beehiiv's Denk Organizations: Service, Business, NEA, Sapphire, Lightspeed Venture Partners, Boston Globe, Morning, Netflix

☆ Elon Musk had a 'hilarious' way of asking if an ex-Twitter exec wanted to work for him
▼ + stars: | 2024-04-30 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Elon Musk had a strange way of phrasing a job offer to a former Twitter exec. Beykpour said Musk asked if he wanted to "swipe right" and "hang out and work on the product." During one of their conversations, Musk asked if Beykpour would be interested in continuing to work on product at Twitter. Musk asked Beykpour to "swipe right on whether you want to be here," the Periscope cofounder said. He used the swipe right, swipe left Tinder metaphor and I thought that was kind of hilarious coming from him," Beykpour said.

Persons: Elon Musk, Kayvon Beykpour, Musk's, Beykpour, Musk, —, Parag Agrawal, Elon Musk's, Getty, Noam Galai Beykpour, Walter Isaacson, Isaacson, Elon, I'm, I've Organizations: Twitter, Service Locations: Elon

☆ I quit a comfortable tech job to launch a startup. I had to sacrifice a lot, but now I make $400,000 and travel all the time.
▼ + stars: | 2024-04-29 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +1 min

Gene Caballero left his stable job at Dell to cofound GreenPal, an on-demand lawn care service. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThis as-told-to essay is based on a conversation with Gene Caballero, a 44-year-old cofounder of GreenPal, based in Nashville. I'm a cofounder of GreenPal, a platform that connects homeowners with lawn care professionals. After purchasing my first home, finding reliable lawn care for myself and my mom was a daunting task.

Persons: Gene Caballero, —, It's, Uber, Airbnb, Bryan Clayton's Organizations: Dell, Service, Business Locations: Nashville, West

☆ 6 psychological mistakes business leaders make, including 'crossing the net'
▼ + stars: | 2024-04-29 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

Dr. Matthew JonesMost of Jones' clients work in tech and often deal with fast-paced work environments and uncertainty. AdvertisementJones shared six of the biggest communication mistakes he's seen business leaders and cofounders make — from how they address conflict to ignoring it until it's too late. They only understand business languageJones said there are three types of languages that all business teams speak: operational, psychological, and archetypal. They don't check in enoughJones said that when business leaders don't normalize listening and giving feedback, it can create rifts between them over time. AdvertisementUnfortunately, that represents the smallest percentage of his business clients; the vast majority "are currently experiencing varying degrees of conflict," he said.

Persons: —, Matthew Jones, Dr, Jones, cofounders, it's Organizations: Service, Business, Stanford

☆ Mint Butterfield, teen whose dad cofounded Slack and mom cofounded Flickr, found safe, police say
▼ + stars: | 2024-04-28 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Mint Butterfield, whose parents are major tech founders, was found safe, police said. Butterfield's parents cofounded Flickr, and their father later cofounded Slack. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Their parents, Caterina Fake and Stewart Butterfield, cofounded Flickr in 2004, and Stewart Butterfield went on to confound Slack.

Persons: Butterfield, Slack, —, Sunday . Mint Butterfield, Caterina Fake, Stewart Butterfield, confound Slack, Butterfield's, Jyri Organizations: Flickr, Service, Sunday . Mint, San Francisco Police, Business Locations: California, Bolinas

☆ 2 founders of a crypto mixer charged with laundering funds from the dark web
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

The cofounders of crypto mixer Samourai Wallet were charged with money laundering. The service anonymized hundreds of millions of dollars for dark web criminals, prosecutors said. AdvertisementThe cofounders of a cryptocurrency mixing service called Samourai Wallet — which rendered crypto transactions anonymous — have been arrested and charged with money laundering, according to an indictment unsealed Wednesday. Rodriguez and Hill were charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. Related storiesThe Samourai Wallet website has been seized.

Persons: Samourai's cofounders, —, — Keonne Rodriguez, William Lonergan Hill —, Rodriguez, Hill, James Smith, haven't Organizations: Service, Prosecutors, Southern, of, FBI Locations: of New York, Portugal, DMs

☆ A 32-year-old who started selling T-shirts in college with $500 upfront shares the 4 strategies he used to build a seven-figure online business from scratch
▼ + stars: | 2024-04-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Karthik Shanadi and Luke McGurrin did just that — and they started their brand, Greek House, out of their fraternity house with a slim $500 budget. Since launching Greek House in 2013, the cofounders have added three more apparel brands. Courtesy of Karthik ShanadiIt helped that Shanadi and McGurrin eventually expanded into what he considers a "high barrier niche": licensed merchandise. In 2016, about three years after starting Greek House, they received a notice from a licensing agency.

Persons: —, Karthik Shanadi, Luke McGurrin, Shanadi, McGurrin, Brian Chesky, Threadly, that's, We're Organizations: Service, Business, University of Florida Locations: Portugal, Philippines, India

General Motors' Cruise self-driving vehicle unit will redeploy cars on U.S. roadways for the first time since October, beginning with a small fleet of human-driven vehicles in Phoenix, the company said Tuesday. Cruise said its "goal is to resume driverless operations," however it did not provide a timeline for doing so. The probe also investigated allegations of a coverup by Cruise leadership, but did not find any evidence to support those claims. Prior to the accident, Cruise was planning an aggressive expansion of robotaxis outside its home market, where the majority of its vehicles operated. In addition to the ceasing of operations, Cruise leadership has been gutted: Its cofounders, including CEO and cofounder Kyle Vogt, resigned and nine other leaders were ousted.

Persons: Cruise, We've, Kyle Vogt Organizations: Motors, GM, Cruise, California DMV, California Public Utilities Commission, Traffic Safety Administration, U.S . Department of Justice, U.S . Securities, Exchange Commission Locations: Phoenix, San Francisco, California

☆ A new startup from 2 Twitch alums is trying to get Gen Z to watch TV
▼ + stars: | 2024-04-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Entertainment companies face a generation problem, with Gen Z shunning TV shows and movies over social video and livestreams. A new startup is pitching a solution by bringing TV to Gen Z where and how they already watch, rather than trying to train them in a new habit. The company, Gaggl TV, licenses TV shows and distributes them to creators to watch with their followers on social platforms. In a deal with Fremantle, Gaggl got the rights to old TV shows like '70s-era "The Price is Right: The Barker Era" and is distributing them to five Twitch streamers. "TV companies just put stuff on Twitch and don't realize it's the creators people are coming to see," Harris said.

Persons: Gen, Gaggl, Khleo Thomas, Peter Park, Bridget Case, Richard Karn, Megan Fraher, Fraher, Adam Harris, James Duffield, Greg Miall, Harris, Gen Z's, Twitch, Bob Ross, he's Organizations: Business, Fremantle, Amazon, Greece's, Paramount, Gaggl Locations: Fremantle, livestreaming

☆ Critical Role's heartbreak prince helped make 'Dungeons & Dragons' cool. Now he's coming for the gothic horror gaming scene.
▼ + stars: | 2024-04-08 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +10 min

Critical Role recently released "Candela Obscura," a gothic horror roleplaying game. AdvertisementIn October, Critical Role, a crew of eight self-professed "nerdy-ass voice actors," played their long-running "Dungeons & Dragons" game at a sold-out Wembley Arena. These qualities make O'Brien ideal for stepping into the game master role for "Candela Obscura," Critical Role's new gothic horror game, and he's leaning hard into the tragedy. AdvertisementIt's also one of the more punishing gaming systems he's played in, O'Brien told me during our video call. Mercer, the team's designated game master, is the one who crafts the narrative and controls how the story develops.

Persons: Liam O'Brien, —, Matthew Mercer, O'Brien, I've, It's, he's, Twitch, Mercer, — O'Brien, — Taliesin Jaffe, Imari Williams, Aimee Carrero, Alexander Ward —, Taliesin Jaffe, Alexander Ward, Julius Caesar, Irish, Martin McDonagh, Spenser Starke, Rowan Hall, Aabria Iyengar, Starke, Mary Shelley, it's, Amazon, Marisha Ray, Travis Willingham, Ashley Johnson, Sam Riegel, Laura Bailey, Matthew Mercer Robyn von Swank Organizations: Service, Wembley, Darrington Press, Hasbro's, Hasbro, CR Locations: Europe, Ireland, New York, Mercer, Starke

☆ Nerd world's most famous faces are out to conquer the gothic horror gaming space — and their heartbreak prince is here to get the job done
▼ + stars: | 2024-04-08 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +10 min

Critical Role recently released "Candela Obscura," a gothic horror roleplaying game. These qualities make O'Brien ideal for stepping into the game master role for "Candela Obscura," Critical Role's new gothic horror game, and he's leaning hard into the tragedy. AdvertisementIt's also one of the more punishing gaming systems he's played in, O'Brien told during our video call. Mercer, the team's designated game master, is the one who crafts the narrative and controls how the story develops. "I always prefer complicated narratively satisfying endings to a neat little happy ending," O'Brien told me.

☆ 2 college friends who started selling custom T-shirts on campus with a $500 budget explain how they grew their fraternity-house merch project into a seven-figure business
▼ + stars: | 2024-04-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

By the time Shanadi started his freshman year at the University of Florida, he had nearly a decade of work under his belt. His first brand, Greek House, while "a little bit of an accident," admitted Shanadi, was set in motion. It allowed him and McGurrin to launch Greek House with the limited savings they had. They dedicated weeknights and weekends to growing Greek House. Quitting corporate America, living on $1,000 a month, and learning from a $33,000 mistakeIn 2016, Shanadi quit his job to go all-in on Greek House.

Persons: Karthik Shanadi, Shanadi, Luke McGurrin, Luke, McGurrin, We'd, LUKE SIRIMONGKHON, Brian Chesky, that's, we've, we're Organizations: Business, University of Florida, New, Amazon, House, of Florida, Follett, Dick's Sporting Goods Locations: Bangalore, India, Orlando, New York City, Florida, California, Bay, Los Angeles, America, Salesforce, LA

☆ Trump Media cofounders were limited to coach flights and lodging under $150 a night while establishing the former president's media empire
▼ + stars: | 2024-04-04 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

According to their contract, Trump Media & Technology Group's cofounders, Andrew Litinsky and Wes Moss, were limited to cheap flights and hotels as they were entrusted to take Trump's media empire public. The expenses outlined in the contract are a far cry from the typical lavishness executives, let alone social media cofounders, are afforded. As Business Insider's senior correspondent Emily Stewart noted, Trump Media makes close to nothing. The company's financial statements reveal that Trump Media made $4.1 million last year and lost $58 million. A spokesperson for Trump Media declined to comment.

Persons: —, Donald Trump's, cofounders, Andrew Litinsky, Wes Moss, Moss, Litinsky, Moss weren't, Emily Stewart Organizations: Service, Trump Media & Technology, Business, United Atlantic Ventures, Trump, Trump Media, Litinsky Locations: Moss, Litinsky

☆ Trump Media is suing its cofounders, alleging they failed 'spectacularly' and did 'significant damage' to the business
▼ + stars: | 2024-04-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Trump's media company is suing its cofounders, alleging they failed the business before its SPAC deal. AdvertisementTrump Media is suing its cofounders, alleging they failed the company and did "significant damage" to its business, according to documents filed in a Florida civil court. Moss and Litinsky had the potential to "profit handsomely" if Trump Media completed its merger deal. The filing says: "Moss and Litinsky failed spectacularly at every turn. Trump Media did not immediately respond to a request for comment.

Persons: Wesley Moss, Andrew Litinsky, Moss, —, Trump, Patrick Orlando, Litinsky Organizations: TMTG, Service, Trump Media, Corp, United Atlantic Ventures, Orlando's, Trump, DWAC, Company Locations: Florida

☆ An internal email hints at the messy aftermath of Microsoft's hires from AI startup Inflection
▼ + stars: | 2024-04-03 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +1 min

The AI startup Inflection raised over $1.5 billion from investors including Bill Gates and Nvidia. Last month, Microsoft hired its cofounders and most of its staff, leaving it a shell of its former self. One exec who was preparing to start in a new role at Inflection had misgivings following the news. Microsoft's unusual Inflection deal may have dented the startup's ability to recruit technical talent, according to an internal email obtained by Business Insider. Calvin Lee, a former director of product management at Uber, was hired as a product lead at Inflection.

Persons: Bill Gates, Reid Hoffman, Calvin Lee, Mustafa Suleyman, Lee Organizations: Nvidia, Microsoft, Business Locations: Greylock

☆ A recent Inflection hire was 'spooked' by Microsoft poaching and has 'a lot to reconsider,' according to internal VC email
▼ + stars: | 2024-04-03 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +1 min

AI startup Inflection raised over $1.5 billion from investors including Bill Gates, Eric Schmidt, and Nvidia. Last month, Microsoft hired Inflection cofounders and most of its staff, leaving the startup a shell of its former self. One exec who was preparing to start in a new role at Inflection had misgivings following the news. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMicrosoft's unusual Inflection deal may have dented the startup's ability to recruit technical talent, according to an internal email obtained by Business Insider.

Persons: Bill Gates, Eric Schmidt, —, Greylock, Reid Hoffman, Calvin Lee, Mustafa Suleyman, Lee Organizations: Nvidia, Microsoft, Service, Business, Management, Uber

☆ Disney proxy battle is about a lot more than just two board seats
▼ + stars: | 2024-04-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

As for the newsletter, in today's big story, we're breaking down Disney's big proxy fight . Activist investor Nelson Peltz's proxy fight against Disney for two seats on the company's board comes to a head at its annual shareholder meeting today. The total amount spent between Disney and its rivals wrangling votes is estimated to be at least $70 million, a record for a proxy fight. The statue of Walt Disney and Mickey Mouse at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida. 3 things in businessWin McNamee/Getty Images; Chelsea Jia Feng/BIIn other newsAdvertisementWhat's happening todayThe Walt Disney Company's annual meeting will be held today.

Persons: —, Congrats, ya, Bob Iger, Nelson Peltz, Neilson Barnard, David A, Grogan, Nelson, Madeline Berg, BI's Peter Kafka, BI's Grace Eliza Goodwin, Walt Disney, Mickey Mouse, Joe Burbank, Rowe Price, Peltz's Trian, Neuberger Berman, Peltz, It's, Trian, they're, Stocks, Ray Dalio, it's, Quincy Krosby, Jeffrey Buchbinder, Alyssa Powell, Win McNamee, Chelsea Jia Feng, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, National, Getty, Disney, Magic, Walt Disney World, Orlando Sentinel, Tribune, Wall, BlackRock, Peltz's Trian Partners, California Public Employees, Financial Times, DuPont, Fed, JPMorgan, Bridgewater Associates, Astera Labs, Arm Holdings, LPL Financial, Apple, Nvidia, BI, Walt Locations: —, Virginia, Lake Buena Vista , Florida, China, Haiti's, New York, London

☆ How the businessman who blew up MoviePass tried to create a 'TikTok killer' and cost investors millions
▼ + stars: | 2024-04-01 | by ( Ashley Rodriguez | Jason Guerrasio | ) www.businessinsider.com time to read: +22 min

At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."

Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, —, Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York

☆ I'm a Swede who used to work with Americans. These are the main differences I saw in our working cultures.
▼ + stars: | 2024-03-31 | by ( Megan Carnegie | ) www.businessinsider.com time to read: +6 min

These are the main aspects of working in Sweden that other cultures might find surprising. AdvertisementSupport for working parentsIn Sweden, parental leave has become an incubator for new ideas and people often change career direction during their leave. Being on leave gives you time to think with some distance from everyday life. I have been financially supported during my parental leave and as my children grow. Collective bargaining, another tenet of Swedish working culture, prioritizes employee needs and gives more power to the employee.

Persons: —, Sofia Brandt, Ally, There's, they're VAB, I'd, wouldn't, that's Organizations: Service, Accenture, Business Locations: Gothenburg, Sweden, American, San Francisco, America

☆ The big push for AI, TikTok bans, and spaces for influencers of color: Here are 3 takeaways for creators from SXSW.
▼ + stars: | 2024-03-17 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

AI was very popular, but most panels failed to discuss the consThe harmful impacts of AI dominated the conversation among creators at SXSW. Related storiesIn a session titled "AI in Video: Revolutionizing or Replacing Creators," Vimeo product executive Zohar Dayan's presentation similarly focused on the technology's benefits. Talk of a TikTok ban? Employees and creators are 'bored' of itOutside SXSW, the conversation has picked up about a potential TikTok ban in the US , but there was radio silence about it in Austin among the TikTok employees and creators I met. "We're so bored of that topic, honestly," said two TikTok employees, who spoke on condition of anonymity out of concern about facing repercussions from their employer.

Persons: Cassey Ho, OpenAI's, Peter Deng, Deng, Zohar, Dan Whateley, they've, Kahlil Greene, he's, Jerry Won, Justin Nguyen, Mylen Yamamoto Tansingco, Sam Li, Sean Kim, Sam Yam, Austin Hilton, Tumi Brooks Organizations: Southwest, Delta Air Lines, Business, IBM, SXSW, Snapchat, Pershing House, Talent, Austin, Austin Hilton Hotel, Convention Locations: Austin, Australia, China, member's, TikTok, Netflix's, Singapore

☆ Sam Altman said he texted Elon Musk after the billionaire sued him
▼ + stars: | 2024-03-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Sam Altman said he texted Elon Musk after the Tesla CEO sued him. Musk sued Altman and OpenAI earlier this year, alleging the company violated its 'founding agreement.' AdvertisementOpenAI CEO Sam Altman said he fired off a text to Elon Musk right after he found out the Tesla CEO had sued him. In the face of Musk's very public disses, Altman has been more diplomatic in his public response to Musk. "I miss the old Elon," Altman told Swisher.

Persons: Sam Altman, texted Elon Musk, Altman, Musk, —, Elon Musk, Kara Swisher, Swisher, OpenAI, cofound OpenAI, Tesla, Lex Fridman Organizations: Service, City Arts, OpenAI, Microsoft, GPT Locations: Elon

☆ OpenAI hired the lawyer who helped force Elon Musk to buy Twitter
▼ + stars: | 2024-03-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

The firm battling Musk previously helped Twitter in a legal conflict with the billionaire. The billionaire is set to face off again with a lawyer who helped Twitter sue Musk after he attempted to back out of the $44 billion purchase. One of the lawyers from the Wachtell firm, William Savitt, helped lead Twitter's case against Musk. AdvertisementMusk helped found OpenAI in 2015 and has said he invested tens of millions of dollars into the AI venture. Representatives for Musk and OpenAI did not immediately respond to a request for comment.

Persons: OpenAI, Elon Musk's, Musk, —, Elon Musk, Lipton, Katz, Foerster, Sam Altman, William Savitt, Morrison, Ragesh Tangri —, Morgan Chu, Alan Heinrich, Chu, Tesla, Altman Organizations: Twitter, Service, Reuters, Wachtell, Rosen, Morrison, — Jordan Eth, Ragesh, Bloomberg, Microsoft, Musk Locations: — Jordan

☆ OpenAI ridicules Elon Musk’s ‘incoherent’ lawsuit
▼ + stars: | 2024-03-11 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

The company refused, and Musk left OpenAI later that year. Seeing the remarkable technological advances OpenAI has achieved, Musk now wants that success for himself,” the filing states. OpenAI also said it believes that “early and swift dismissal” of Musk’s suit is warranted. OpenAI is concerned that Musk could use the discovery process to “seek access to OpenAI’s proprietary records and technology,” according to the filing. Musk is now running his own artificial intelligence company, XAI, which seeks to compete with OpenAI.

Persons: New York CNN —, Elon Musk, OpenAI, ”, ” Musk, Musk, Tesla Organizations: New, New York CNN, ” Locations: New York, —

☆ Nvidia boss Jensen Huang credits his work ethic to his time at Denny's washing dishes
▼ + stars: | 2024-03-11 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Jensen Huang is the cofounder and CEO of $2 trillion computer chip giant, Nvidia. He credits part of his success to the strong work ethic he honed while working at Denny's. AdvertisementJensen Huang is the cofounder and CEO of Nvidia, the $2 trillion chip manufacturer powering the AI revolution. In a recent interview with Stanford's Graduate School of Business, Huang reflected on his early career working minimum wage jobs to explain how he has developed the work ethic to succeed as a CEO. This story is available exclusively to Business Insider subscribers.

Persons: Jensen Huang, —, Huang Organizations: Nvidia, Service, Stanford's Graduate School of Business, Business Locations: Denny's

Search resuls for: "cofounders"

25 mentions found