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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,
Emmett Shear, former CEO of Twitch, in a Bloomberg Television interview in San Francisco, California, U.S., on Wednesday, Sept. 14, 2016. OpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence company, two days after the sudden ouster of Sam Altman, CNBC has confirmed. Unlike most Silicon Valley startups, OpenAI wasn't structured like a typical corporation with large chunks of equity controlled by the founders. Shear stepped down as CEO of Twitch, the livestreaming service now owned by Amazon , in March. — CNBC's Ari Levy contributed to this reportWATCH: Madrona's Matt McIlwain talks Sam Altman's departure as OpenAI CEO
Persons: Emmett Shear, Twitch, OpenAI, Sam Altman, Shear, Altman, Mira Murati, didn't, Murati, — CNBC's Ari Levy, Matt McIlwain, Sam Altman's Organizations: Bloomberg Television, CNBC, Bloomberg, Microsoft, Tiger, Sequoia Capital, Amazon, OpenAI Locations: San Francisco , California, U.S
OpenAI and Thrive Capital did not immediately respond to Reuters' requests for comment. The news comes after the board of the company behind ChatGPT fired Altman on Friday. Greg Brockman, OpenAI president and co-founder, who stepped down from the board as chairman as part of the management shuffle, quit the company. The departures blindsided many employees who discovered the abrupt management change from an internal message and the company's public facing blog. Reporting by Gursimran Kaur in Bengaluru; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Sam Altman, ChatGPT, Altman, Greg Brockman, OpenAI, Gursimran Kaur, Daniel Wallis Organizations: REUTERS, Microsoft, Thomson Locations: Bengaluru
OpenAI's Sam Altman and Mira Murati on the Future of AI and ChatGPTOpenAI's Sam Altman and Mira Murati discussed 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 at WSJ's Tech Live in October. Photo: Nikki Ritcher for The Wall Street Journal
Persons: OpenAI's Sam Altman, Mira Murati, Nikki Ritcher Organizations: WSJ's Tech, Wall Street
Nov 17 (Reuters) - The board of the company behind ChatGPT late on Friday fired OpenAI CEO Sam Altman - to many, the human face of generative AI - sending shock waves across the tech industry. Backed by billions of dollars from Microsoft (MSFT.O), OpenAI kicked off the generative AI craze last November by releasing its ChatGPT chatbot, which became one of the world's fastest-growing software applications. He was the face of OpenAI and the wildly popular generative AI technology as he toured the world this year. Altman posted on X shortly after OpenAI published its blog: "i loved my time at openai. "That said, we believe Microsoft and Nadella will exert more control at OpenAI going forward with Altman gone."
Persons: Sam Altman, Mira Murati, OpenAI, Altman, what’s, Murati, Tesla, Satya Nadella, Mira, Nadella, Eric Schmidt, Daniel Ives, Thomas Hayes, Davidson, Gil Luria, Samrhitha, Jeffrey Dastin, Anna Tong, Krystal Hu, Shounak Dasgupta, Kenneth Li, Richard Chang Organizations: Microsoft, Union, U.S, Reuters, OpenAI, Wedbush Securities, Economic Cooperation, Thomson Locations: openai, Asia, San Francisco, Oakland , California, Bengaluru, New York
On Friday, the board of OpenAI, the buzzy AI company behind viral chatbot ChatGPT, suddenly and publicly ousted its CEO Sam Altman. OpenAI's board said it conducted "a deliberative review process" and that Altman "was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities." She is an adjunct senior management scientist at Rand Corporation and has been on the OpenAI board since 2018. "While our partnership with Microsoft includes a multibillion-dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit," OpenAI has publicly stated. On that day, Altman told Nadella, "I think we have the best partnership in tech and I'm excited for us to build AGI together."
Persons: Sam Altman, Altman, OpenAI, Greg Brockman, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Reid Hoffman, Neuralink, Zilis, Will Hurd, Brockman, Sam, Sutskever, he's, D'Angelo, McCauley, Toner, Andreessen Horowitz, AGI, weren't, Mira Murati, OpenAI's Dev, Satya Nadella, Nadella, Dev, Brad Lightcap Organizations: Thursday's APEC, Summit, Google, Facebook, OpenAI, GeoSim Systems, Rand Corporation, University of Oxford's Center, Georgetown's Center for Security, Emerging Technology, Sequoia Capital, Microsoft, CNBC, Fortune Locations: Texas, OpenAI
OpenAI sent shockwaves through the tech world Friday when its board ousted Sam Altman as CEO. 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 . When Altman logged on to the Google Meet link on Friday, he was joined by the entirety of OpenAI's board, Brockman said. Altman's departure has thrown Cerebral Valley , the moniker for San Francisco's booming AI enclave, into a state of uncertainty.
Persons: OpenAI, Sam Altman, , It's, Altman, Kevin Roose, Roose, OpenAI's, Greg Brockman —, Greg Brockman, Brockman, Ilya Sutskever, Sutskever, Mira Murati, " Brockman, it's, Annie Wright, Wright Organizations: Service, Microsoft, New York Times, OpenAI, Google, Sheriff Locations: Silicon Valley, OpenAI, Bay
The announcement left OpenAI and Microsoft workers "completely shocked," people inside both companies told Business Insider. Another shock came about an hour later when OpenAI co-founder and president Greg Brockman announced that he had "quit" over Altman's ouster. Perhaps there were signs all was not well when it came to OpenAI's business, one Microsoft employee told BI, which Microsoft has reportedly backed to the tune of at least $10 billion. Are you an OpenAI employee or someone with a tip or insight to share? Are you a Microsoft employee?
Persons: Sam Altman, Altman, Mira Murati, Ilya Sutskever, He's, OpenAI, Greg Brockman, Brockman, shakeup, Steve Jobs, Satya Nadella, we're, Kali Hays Organizations: Microsoft, Business, OpenAI's San, Apple, OpenAI, Microsoft Ignite, Twitter Locations: OpenAI, OpenAI's San Francisco, Mira, Copilot, khays@insider.com, @hayskali
Microsoft CEO Satya Nadella took to X to affirm the company's relationship with OpenAI. AdvertisementMicrosoft CEO Satya Nadella announced Friday that the company will continue working with partner OpenAI, but failed to mention the ousting of the company's CEO Sam Altman earlier in the day. Murati had also affirmed OpenAI's relationship with Microsoft during a company-wide meeting on Friday, The Information reported. Multiple workers at OpenAI and Microsoft also told Business Insider that Altman's ousting left them "completely shocked" at their respective workplaces. "We love you guys," Nadella told Altman.
Persons: Satya Nadella, OpenAI, Sam Altman, , Nadella, Mira Murati, Murati, Altman, Greg Brockman, Axios, hasn't Organizations: Microsoft, Service, OpenAI Locations: Mira
Leah Millis | ReutersOpenAI's unusual company structure weakened Sam Altman's position as CEO and left him open to surprise on Friday when he was quickly ousted from the company. But Altman and co-founder Greg Brockman, who also left OpenAI Friday, didn't have the power that Kalanick had. "I have no equity in OpenAI," Altman said in a May Senate hearing on A.I. OpenAI's capped profit structureThe easiest way to think of OpenAI's structure is to picture a waterfall. Limited returnsOpenAI added its capped profit OpenAI Global subsidiary in 2019.
Persons: Sam Altman, OpenAI, Chuck Schumer, Leah Millis, Sam Altman's, Travis Kalanick, Altman, Greg Brockman, didn't, Kalanick, John Kennedy's, Kennedy, Organizations: Intelligence, Senate, U.S, Capitol, Reuters, OpenAI, Microsoft, OpenAI Inc, Global Locations: Washington , U.S, OpenAI
Greg Brockman co-founded OpenAI with Sam Altman and Elon Musk in 2015. Hours later, Brockman posted on X that he was leaving the company, too. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Brockman became a founding executive of OpenAI in 2015, along with Elon Musk and Altman, after leaving payment platform Stripe. Brockman became president of OpenAI in May of 2022, the company announced.
Persons: Greg Brockman, Sam Altman, Elon Musk, Altman, Brockman, , We've, what's, Kara Swisher, Per Swisher, Swisher, OpenAI, ChatGPT, " Brockman Organizations: OpenAI's, Service, Elon, OpenAI, MIT Technology, Time Magazine Locations: openai, OpenAI
OpenAI investors are pushing to bring back Sam Altman as CEO one day after he was ousted by the board, according to people familiar with the matter. Sequoia Capital has also been in contact with Altman, a person familiar with knowledge of the matter told CNBC. Sequoia also informed Microsoft that it would back efforts to bring back Altman and Brockman, the person said. The Verge first reported on the talks to bring back Altman. In addition to ousting Altman, the company removed Brockman, the chairman, from his board leadership position but said he would remain as president.
Persons: Sam Altman, Altman, Greg Brockman, it's, Sequoia, Brockman, Altman didn't, Mira Murati Organizations: Microsoft, Tiger Global, Sequoia Capital, CNBC, Sequoia Locations: Silicon Valley, OpenAI
The chaos is good for Google, Amazon, and others trying to catch OpenAI. Especially Google and Amazon, which were caught flat-footed by ChatGPT's rapid success and the impressive capabilities of GPT-4 and other OpenAI models. "In a fast-moving race, this lap has the advantage going to Google and Amazon but it's a marathon, not a sprint." Microsoft has invested billions of dollars in OpenAI and provides cloud infrastructure that runs the startup's AI products. Interestingly, Google and Amazon recently invested billions of dollars in Anthropic, an AI startup that is probably the closest rival to OpenAI in terms of talent and product capabilities.
Persons: OpenAI, Sam Altman, Greg Brockman, , ChatGPT, OpenAI's, Altman, pic.twitter.com, Guy, @buccocapital, Oren Etzioni, there's Organizations: Google, Service, Employees, Madrona Venture, Microsoft, Amazon Locations: Silicon
OpenAI's board announced CEO Sam Altman is out, effective immediately. "We are grateful for Sam's many contributions to the founding and growth of OpenAI," a statement from OpenAI's board said. Prior to OpenAI, Sam Altman was the president of Y Combinator, after his startup Loopt was part of the accelerator's first class. Taking the reins from Altman as interim CEO is Murati, who formerly led the technology team at OpenAI. AdvertisementIf you have any insight into the culture at OpenAI or Sam Altman, please reach out to the author at mberg@businessinsider.com.
Persons: Sam Altman, Mira Murati, , ChatGPT, Altman, what's, OpenAI, Elon Musk, Greg Brockman, Trevor Blackwell, Reid Hoffman, Peter Thiel, Satya Nadella, Y Organizations: Service, Silicon, Microsoft, Google, MIT Technology, New Yorker, OpenAI Locations: OpenAI, openai
Amazon on Friday began laying off "several hundred" people in its Alexa division as part of broader belt-tightening across the company that's been underway since last year, the company confirmed. Amazon didn't specify which Alexa initiatives it's winding down as a result of the move. Amazon previously cut employees in its devices and services division, which includes Alexa. Alexa and digital assistants like it were once ground-breaking technology, but they face increasing competition from generative AI and chatbots like OpenAI's ChatGPT. In September, Amazon teased updates to Alexa that are tied to generative AI, such as composing messages on behalf of users.
Persons: Daniel Rausch, Rausch, Andy Jassy, Jeff Bezos, Amazon, Dave Limp, Limp, Panos Panay Organizations: Alexa, Fire TV, Amazon, Echo Locations: U.S, Canada, India
OpenAI's board of directors said Friday that Sam Altman will step down as CEO and will be replaced on an interim basis by technology chief Mira Murati. "The board no longer has confidence in his ability to continue leading OpenAI," the statement said. The board also said that Greg Brockman, OpenAI's president, "will be stepping down as chairman of the board and will remain in his role at the company, reporting to the CEO." Before taking over as CEO, Altman, 38, was president of startup accelerator Y Combinator and gained prominence in Silicon Valley as an early-stage investor. Microsoft CEO Satya Nadella made a surprise guest appearance during the event, joining Altman on stage to discuss the startup's AI technologies and its partnership with Microsoft.
Persons: Sam Altman, Mira Murati, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, OpenAI, Greg Brockman, what's, Murati, Mira, ChatGPT, Satya Nadella, Nadella, Elon Musk, Altman, rapt, Ted Lieu, Mike Johnson, Joe Biden, Xi Jinping, Altman didn't, — CNBC's Lora Kolodny Organizations: Tech, Conference, Georgetown Center for Security, Emerging Technology, Microsoft, OpenAI, U.S . Senate, House Democratic Caucus, Economic Cooperation, U.S Locations: Laguna Beach , California, Mira, Silicon Valley, Indonesia, Asia, Pacific, Singapore, India, China, South Korea, Japan, San Francisco
OpenAI CEO Sam Altman is out, the company's board said late Friday. Mira Murati, OpenAI's chief technology officer, will replace Altman as the interim CEO. "A member of OpenAI's leadership team for five years, Mira has played a critical role in OpenAI's evolution into a global AI leader. Murati joined OpenAI as a researcher in 2018 when the company had just 40 to 50 employees, she told Fortune. "Our goal is to get to AGI, and we want to get there in a way that makes sure that AGI goes well for humanity," Murati told Fortune.
Persons: Sam Altman, Mira Murati, Altman, , Mira, OpenAI, PATRICK T, FALLON, Murati, ChatGPT, Tesla, Eugene Gologursky, She's, AGI, Getty, Rainer Maria Rilke Organizations: Service, Albania who's, Murati, Dartmouth, OpenAI, Time Magazine, Radiohead Locations: Albania, Murati, AGI, Silicon Valley, Vancouver
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
A career trend to bet on
  + stars: | 2023-11-17 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
In today's big story, we're looking at why the creator economy is big business and potentially the future of the entertainment industry. The big storyInfluential influencersPete Ryan for Business InsiderLike it or not, the "creator economy" is here to stay. Goldman Sachs analysts estimated the creator economy was a $250 billion industry and could nearly double to $480 billion by 2027. The story is part of Business Insider's "5 Trends to Bet Your Career On" series. Business Insider's Lucia Moses and Alison Brower have a full breakdown of the recent cuts.
Persons: , who've, Pete Ryan, Goldman Sachs, Amanda Perelli, Amanda, Alix Earle, Arantza Pena Popo, Business Insider's Lucia Moses, Alison Brower, that's, Michael Dell, Carl Icahn, Dell, BRENDAN SMIALOWSKI Biden, Xi, Dolly Parton, RuPaul, Rachel McAdams, Danny DeVito, Martin Scorsese, VCs, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, TikTok, YouTube, Diego Donamaria, CNBC, Tech, Icahn Enterprises, Whirlpool, Walmart, Target, Today Locations: Diego, New York City, San Diego, London, New York
Amazon's Alexa business is laying off "several hundred" employees, including those on its recently launched artificial general intelligence team, Business Insider has learned. Rohit Prasad, SVP of the Artificial General Intelligence team, followed up with a separate email, saying his team, which launched in July, would be impacted as well. "While this was a hard decision to make, we remain very optimistic about the future of Alexa," an Amazon spokesperson told BI. The move continues to impact Amazon's Alexa unit, which has suffered from slow growth and low morale in recent years. The move continues to impact Amazon's Alexa unit, which has suffered from slow growth and low morale in recent years.
Persons: Amazon's, Daniel Rausch, it's, Rausch, Rohit Prasad, Prasad, Geekwire, Dave Limp, Alexa, Panos Paney, OpenAI's ChatGPT, Andy Jassy, Eugene Kim Organizations: Alexa, Business, Fire, BI, Artificial General Intelligence, Amazon, Microsoft
More than 300 AI founders and investors gathered earlier this week in San Francisco's Hayes Valley neighborhood for the 2nd Cerebral Valley AI Summit, co-hosted by the independent journalist Eric Newcomer and AI gaming startup Volley. Some called it an " extinction event for other AI startups ." "OpenAI can bully everyone, they can bully the talent, they can bully the competition, they can bully the term sheets. "When you step on the court with Jordan, you don't try to beat him at his game. During his panel, Warner was asked about those who took to social network X, formerly Twitter, to proclaim the death of nascent AI startups.
Persons: Eric Newcomer, , OpenAI, Alex Pall, That's, they're, Andrew Hoh, Reid Hoffman, Hoffman, Vinod Khosla, Khosla, Jason Warner, Warner, it's, He's, he's, Poolside, Jordan Organizations: Summit, Business, Mantis Venture Capital, Microsoft Locations: San Francisco's Hayes, Paris
A Pew Center study found that one in five teens who have heard of ChatGPT have used it for schoolwork. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With around two-thirds of US teenagers having heard of ChatGPT, that is a lot of kids using OpenAI's chatbot to help write essays and solve math problems. ChatGPT is so popular among students right now that its US traffic dropped by over 10% when schools finished for summer. AdvertisementIts growing presence in classrooms has fuelled fears of a cheating epidemic, with another survey conducted earlier this year finding that one in four teachers say they have caught their students cheating using ChatGPT.
Persons: , ChatGPT, OpenAI, Brad Lightcap Organizations: Pew, Reuters, Service, San, Business Locations: San Francisco
Zachariah Crabill, a rookie lawyer, claims he was fired after using OpenAI's ChatGPT to help him write a motion. This summer, Zachariah Crabill, a 29-year-old lawyer who previously worked at Baker Law Group, was fired after he used ChatGPT at work, he confirmed to Insider. Crabill's ChatGPT snafu isn't the first time lawyers used AI to the detriment of their employer, clients, or their jobs. In June, a New York law firm was fined $5,000 because one its lawyers used ChatGPT to write a court brief that referenced nonexistent cases and opinions. Workers in other industries, too, claim they are being let go for using AI on the job.
Persons: Zachariah Crabill, Crabill, , ChatGPT, I've, Crabill's, Tina Sendin Organizations: Service, Baker Law Group, Colorado, Lexis, Law Week, Washington Post, Google, Baker Locations: Colorado, New York
Justin Fineberg quit his job as product manager job at Blade to start Cassidy, a startup that helps businesses create their own AI assistants. Earlier this year, I quit my job as a product manager at Blade to start my own AI company. AdvertisementAt the beginning of 2022, I started working at Blade, the Uber for helicopters, as a product manager. Quitting my job to start an AI company felt like jumping off a cliffMonths later, it was clear to me that I wanted to pursue a career in AI. AdvertisementQuitting my job to start an AI company felt like jumping off a cliff.
Persons: Justin Fineberg, Cassidy, Fineberg, Insider's Aaron Mok, , Uber, ChatGPT, I've, Cassidy.ai, OpenAI Organizations: Service, University of Michigan, OpenAI Locations: New York
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