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Search resuls for: "Berber Jin"


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☆ OpenAI Got Its CEO Back. What Happens Next?
  + stars: | 2023-11-23 | by ( Berber Jin | Deepa Seetharaman | Tom Dotan | ) www.wsj.com   time to read: 1 min
OpenAI said late Tuesday that Sam Altman will return to the artificial-intelligence company as CEO, with a new initial board. WSJ reporter Tom Dotan analyzes the latest developments. Photo: John G Mabanglo/ShutterstockSam Altman is back at the helm of OpenAI, days after the board abruptly ousted him. The deal struck Tuesday night to restore Altman as CEO is a long way from the ultimate goal he wanted to achieve heading into a weekend of intense negotiations. He had lobbied for an entirely new slate of directors—built on the ashes of the directors who fired him—and wanted to rejoin the board again himself, according to people familiar with the matter.
Persons: OpenAI, Sam Altman, Tom Dotan, John G Mabanglo, Altman, — Locations: OpenAI
☆ OpenAI Investors Keep Pushing for Sam Altman’s Return
  + stars: | 2023-11-21 | by ( Deepa Seetharaman | Berber Jin | Keach Hagey | ) www.wsj.com   time to read: 1 min
Most employees at OpenAI have demanded that former CEO Sam Altman be reinstated after the company’s board fired him on Friday. Microsoft said late Sunday that it hired Altman to lead a new advanced artificial-intelligence research team. Photo: Justin Sullivan/Getty ImagesTop investors and senior OpenAI leaders were still pushing to reinstate Sam Altman to his CEO role at OpenAI as the future of the artificial-intelligence company remained in jeopardy. The talks continued as much of OpenAI’s staff threatened Monday to quit if the board didn’t restore Altman to power, according to people familiar with the matter. Meanwhile, OpenAI’s rivals were making public overtures to any disgruntled employees at the startup company behind the viral chatbot ChatGPT.
Persons: Sam Altman, Altman, Justin Sullivan Organizations: OpenAI, Microsoft Locations: OpenAI
☆ OpenAI’s Path Ahead Is Unclear as Employees Threaten to Quit Unless Board Resigns
  + stars: | 2023-11-20 | by ( Deepa Seetharaman | Berber Jin | Keach Hagey | ) www.wsj.com   time to read: 1 min
More than 700 OpenAI employees have demanded that former CEO Sam Altman be reinstated after the company’s board fired him on Friday. Photo: Justin Sullivan/Getty ImagesThe future of OpenAI was in jeopardy Monday, as the vast majority of employees threatened to quit if the board that fired the company’s CEO, Sam Altman , didn’t resign itself and restore him to power. Microsoft CEO Satya Nadella said late Sunday that the company was hiring Altman and Greg Brockman , OpenAI’s president who resigned in protest after Altman was ousted, and was opening its doors to more joining from the company behind viral chatbot ChatGPT.
Persons: Sam Altman, Justin Sullivan, OpenAI, didn’t, Satya Nadella, Altman, Greg Brockman Organizations: Microsoft
☆ Sam Altman to Join Microsoft Following OpenAI Ouster
  + stars: | 2023-11-20 | by ( Berber Jin | Deepa Seetharaman | Tom Dotan | ) www.wsj.com   time to read: +1 min
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
☆ Sam Altman Not Returning as CEO of OpenAI; Emmett Shear to Be Interim CEO
  + stars: | 2023-11-20 | by ( Berber Jin | Deepa Seetharaman | Tom Dotan | ) www.wsj.com   time to read: 1 min
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— Sam Altman ’s bid to return to OpenAI after being ousted Friday faltered late Sunday, as the board that fired him refused to agree to the proposed terms of his reinstatement and quietly found someone else to take Altman’s spot. Emmett Shear, former chief executive of Twitch, was named interim CEO, according to people with knowledge of the matter. Altman was shocked by the decision, previously feeling confident he would be able to return to the company he co-founded, according to a person familiar with his thinking.
Persons: Sam Altman’s, OpenAI, Patrick T, Sam Altman ’, Emmett Shear, Altman Organizations: Fallon, Agence France
☆ Sam Altman’s Counter-Rebellion Leaves OpenAI Leadership Hanging in the Balance
  + stars: | 2023-11-19 | by ( Berber Jin | Deepa Seetharaman | Tom Dotan | ) www.wsj.com   time to read: 1 min
Former OpenAI Chief Executive Sam Altman has told allies that he wants a new board and governance structure if he returns to the company. Photo: patrick t. fallon/Agence France-Presse/Getty ImagesSAN FRANCISCO—Two days after Sam Altman was ousted from OpenAI, he was back at the company’s office, trying to negotiate his return. The former chief executive officer entered with a guest badge on Sunday and posted on X: “first and last time i ever wear one of these.”
Persons: Sam Altman, patrick, ” Organizations: OpenAI, fallon, Agence France
☆ OpenAI Investors Try to Get Sam Altman Back as CEO After Sudden Firing
  + stars: | 2023-11-19 | by ( Keach Hagey | Berber Jin | Deepa Seetharaman | ) www.wsj.com   time to read: 1 min
OpenAI said co-founder Sam Altman is leaving as chief executive. Mira Murati, chief technology officer at the artificial-intelligence company, will serve as interim CEO. Photo: David Paul Morris/Bloomberg NewsOpenAI ’s investors are making efforts to bring back Sam Altman , the chief executive officer who was ousted Friday, the latest development in a fast-moving chain of events at the artificial-intelligence company behind ChatGPT. Altman is thinking about returning but has told investors that if he does return, he wants a new board and governance structure, people familiar with the matter said. He has separately discussed starting a company that would bring on former OpenAI employees, including several who quit in protest over his ouster.
Persons: OpenAI, Sam Altman, Mira Murati, David Paul Morris, Altman Organizations: Bloomberg, ChatGPT
☆ OpenAI Investors Trying to Get Sam Altman Back as CEO After Sudden Firing
  + stars: | 2023-11-18 | by ( Keach Hagey | Berber Jin | Deepa Seetharaman | ) www.wsj.com   time to read: 1 min
The exact reason for Sam Altman’s firing as CEO of OpenAI remains unclear. Photo: andrew caballero-reynolds/Agence France-Presse/Getty ImagesOpenAI ’s investors are making efforts to bring back Sam Altman , the chief executive who was ousted Friday, said people familiar with the matter, the latest development in a fast-moving chain of events at the artificial-intelligence company behind ChatGPT. Altman is considering returning but has told investors that he wants a new board, the people said. He has also discussed starting a company that would bring on former OpenAI employees, and is deciding between the two options, the people said.
Persons: Sam Altman’s, andrew caballero, reynolds, Sam Altman, Altman Organizations: Agence France, ChatGPT
☆ Sam Altman Is Out at OpenAI After Board Skirmish
  + stars: | 2023-11-18 | by ( Deepa Seetharaman | Berber Jin | ) www.wsj.com   time to read: 1 min
OpenAI unexpectedly pushed out co-founder Sam Altman as chief executive officer, saying he wasn’t being “consistently candid in his communications” following a series of clashes over the company’s direction with some members of the artificial-intelligence company‘s board. The startup said Friday its board concluded after a review that Altman’s actions, which it didn’t specify, were “hindering its ability to exercise its responsibilities.” The company’s statement, unusually candid for such a situation, said: “The board no longer has confidence in his ability to continue leading OpenAI.”
Persons: OpenAI, Sam Altman, ”
☆ Sam Altman Is Out at OpenAI; Mira Murati Will Be Interim CEO
  + stars: | 2023-11-17 | by ( Deepa Seetharaman | Berber Jin | ) www.wsj.com   time to read: 1 min
OpenAI pushed out co-founder Sam Altman as chief executive officer, saying he wasn’t being “consistently candid in his communications” with the artificial-intelligence company‘s board. The startup said Friday that its board concluded after a review that Altman’s actions, which it didn’t specify, were “hindering its ability to exercise its responsibilities.” The company’s statement, unusually candid for such a situation, said: “The board no longer has confidence in his ability to continue leading OpenAI.”
Persons: OpenAI, Sam Altman, ”
☆ Khosla Ventures Closes In on $3 Billion for Venture Funds, Defying Startup Slump
  + stars: | 2023-11-14 | by ( Berber Jin | ) www.wsj.com   time to read: 1 min
At WSJ’s Tech Live conference, venture capitalist Vinod Khosla discusses the pros and cons of investing in AI technology. Photo: Nikki Ritcher for The Wall Street JournalKhosla Ventures is in the final stages of raising $3 billion for its latest set of venture funds, showing how some Silicon Valley investors remain bullish even as startups continue to stare down slower growth and lower valuations. The fundraise will be one of the largest completed by a venture firm this year and one of the few to grow in size. Khosla Ventures last raised $1.85 billion three years ago.
Persons: Vinod Khosla, Nikki Ritcher Organizations: WSJ’s Tech, Wall Street Journal Khosla Ventures, Khosla Ventures
☆ Early OpenAI Investor Khosla Ventures Closes In on $3 Billion for Venture Funds
  + stars: | 2023-11-14 | by ( Berber Jin | ) www.wsj.com   time to read: 1 min
At WSJ’s Tech Live conference, venture capitalist Vinod Khosla discusses the pros and cons of investing in AI technology. Photo: Nikki Ritcher for The Wall Street JournalKhosla Ventures is in the final stages of raising $3 billion for its latest set of venture funds, showing how some Silicon Valley investors remain bullish even as startups continue to stare down slower growth and lower valuations. The fundraise will be one of the largest completed by a venture firm this year and one of the few to grow in size. Khosla Ventures, the first outside investor in ChatGPT creator OpenAI, last raised $1.85 billion three years ago.
Persons: Vinod Khosla, Nikki Ritcher, OpenAI Organizations: WSJ’s Tech, Wall Street Journal Khosla Ventures, Khosla Ventures
☆ Angel Au-Yeung — Reporter at The Wall Street Journal
  + stars: | 2023-11-04 | by ( Angel Au-Yeung | Peter Rudegeair | Berber Jin | ) www.wsj.com   time to read: 1 min
Angel Au-YeungAngel Au-Yeung is a reporter in The Wall Street Journal's finance bureau. Her stories explore how some of the largest financial institutions and investors influence corporate America and Main Street. She joined the Journal from Forbes, where she was a staff writer. During her five years at Forbes, she won two Society for Advancing Business Editing and Writing awards. She is co-writing a biography about Tony Hsieh, which will be published by Henry Holt & Co., an imprint of Macmillan Publishers.
Persons: Angel, Angel Au, Tony Hsieh, Henry Holt Organizations: Forbes, Society, Henry Holt & Co, Macmillan Publishers Locations: America, Russian
☆ Tech Giants Spend Billions on AI Startups—And Get Just as Much Back
  + stars: | 2023-11-03 | by ( Berber Jin | Tom Dotan | ) www.wsj.com   time to read: 1 min
Amazon is investing $4 billion into Anthropic which committed to spending the same amount on AWS, the tech giant’s cloud platform, over the next five years. Photo: NOAH BERGER/REUTERSAmazon , Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms. The deals are making the big tech firms both the largest backers and most direct beneficiaries of these startups, reflecting how some of the AI boom’s biggest rewards keep going to the most powerful players. The value of the tech giants’ stakes could shoot up if the startups take off. And if not, they still will have turned chunks of cash into revenue.
Persons: NOAH BERGER Organizations: Amazon, REUTERS, Google, Microsoft
☆ The AI Deals Enriching Silicon Valley’s Tech Giants
  + stars: | 2023-11-03 | by ( Berber Jin | Tom Dotan | ) www.wsj.com   time to read: 1 min
Amazon is investing $4 billion into Anthropic which committed to spending the same amount on AWS, the tech giant’s cloud platform, over the next five years. Photo: NOAH BERGER/REUTERSAmazon , Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms. The deals are making the big tech firms both the largest backers and most direct beneficiaries of these startups, reflecting how some of the AI boom’s biggest rewards keep going to the most powerful players. The value of the tech giants’ stakes could shoot up if the startups take off. And if not, they still will have turned chunks of cash into revenue.
Persons: NOAH BERGER Organizations: Amazon, REUTERS, Google, Microsoft
☆ Tech Giants Spend Billions on AI Startups—and Get Just as Much Back
  + stars: | 2023-11-03 | by ( Berber Jin | Tom Dotan | ) www.wsj.com   time to read: 1 min
U.K. Prime Minister Rishi Sunak and billionaire Elon Musk discussed a wide range of topics, from China to the implications of rogue robots, during an event at the UK’s first major summit on artificial intelligence safety. Photo: Tolga Akmen/Press PoolAmazon , Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms. The deals are making the big tech firms the largest backers and most direct beneficiaries of these startups, reflecting how some of the AI boom’s biggest rewards keep going to the most powerful players. The value of the tech giants’ stakes could shoot up if the startups take off. And if not, they still will have turned chunks of cash into revenue.
Persons: Rishi Sunak, Elon Musk, Tolga Organizations: Google, Microsoft Locations: China
☆ Google Commits $2 Billion in Funding to AI Startup Anthropic
  + stars: | 2023-10-27 | by ( Berber Jin | Miles Kruppa | ) www.wsj.com   time to read: 1 min
Google has bet big on AI as it tries to catch up to Amazon and Microsoft in the lucrative cloud-computing market. Photo: john g mabanglo/EPA/ShutterstockGoogle agreed to invest up to $2 billion in Anthropic, building on its earlier investment in the artificial-intelligence company and adding fuel to the race between startups trying to achieve the next big breakthrough in the emerging technology. Google invested $500 million upfront into the OpenAI rival and agreed to add $1.5 billion more over time, people familiar with the matter said. The investment follows a separate commitment Amazon made last month to invest $4 billion in the company, which was founded by former OpenAI engineers in 2021 with the goal of developing rival generative AI models.
Persons: Amazon Organizations: Google, Microsoft Locations: Anthropic
☆ John Legend Hopes for a Hit With First Tech Startup
  + stars: | 2023-10-16 | by ( Berber Jin | ) 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/business/entrepreneurship/john-legend-hopes-for-a-hit-with-first-tech-startup-8901d299
Persons: Dow Jones
☆ John Legend Looks to Take on Yelp and Google Reviews With His First Tech Startup
  + stars: | 2023-10-16 | by ( Berber Jin | ) 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/business/entrepreneurship/john-legend-hopes-for-a-hit-with-first-tech-startup-8901d299
Persons: Dow Jones
☆ OpenAI Seeks New Valuation of Up to $90 Billion in Sale of Existing Shares
  + stars: | 2023-09-26 | by ( Deepa Seetharaman | Berber Jin | ) 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/openai-seeks-new-valuation-of-up-to-90-billion-in-sale-of-existing-shares-ed6229e0
Persons: Dow Jones
☆ Amazon to Invest Up to $4 Billion in Anthropic as AI Arms Race Escalates
  + stars: | 2023-09-25 | by ( Tom Dotan | Berber Jin | Deepa Seetharaman | ) 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/business/deals/amazon-to-invest-up-to-4-billion-in-anthropic-as-ai-arms-race-escalates-649dee22
Persons: Dow Jones
☆ Instacart IPO Is an Expensive Lesson for Venture Firms
  + stars: | 2023-09-16 | by ( Berber Jin | ) 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/finance/investing/instacart-ipo-is-an-expensive-lesson-for-venture-firms-af82064
Persons: Dow Jones
☆ Venture Capitalist Reid Hoffman to Scale Back Investment Role at Greylock
  + stars: | 2023-08-30 | by ( Berber Jin | ) 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/business/venture-capitalist-reid-hoffman-to-scale-back-investment-role-at-greylock-9590a19a
Persons: Dow Jones, reid, hoffman
☆ AI Startup Buzz Is Facing a Reality Check
  + stars: | 2023-08-30 | by ( Berber Jin | ) 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/ai-startup-buzz-is-facing-a-reality-check-e34babfe
Persons: Dow Jones
☆ Berber Jin — Reporter at The Wall Street Journal
  + stars: | 2023-08-24 | by ( Berber Jin | ) www.wsj.com   time to read: 1 min
Berber JinBerber Jin writes about startups and venture capital out of The Wall Street Journal's San Francisco office. He previously covered the same topic for the Information, where he won a Best in Business award from the Society for Advancing Business Editing and Writing for his coverage of the venture capital boom of 2021. Berber is originally from Scarsdale, N.Y., and graduated from Stanford University.
Persons: Jin Organizations: San, Society for, Stanford University Locations: San Francisco, Scarsdale, N.Y
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