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Satya Nadella says Microsoft welcomes AI talent who want to leave OpenAI. "We will definitely have a place for all AI talent to come here," he said on Kara Swisher's podcast. AdvertisementMicrosoft CEO Satya Nadella says his company is open to taking in AI talent who want to leave OpenAI following the ouster of its former CEO Sam Altman. Emmett Shear, the former CEO of Twitch, was named the new interim CEO of OpenAI on the same day. AdvertisementRepresentatives for Microsoft and OpenAI did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: Satya Nadella, Kara Swisher's, Sam Altman, , Greg Brockman, Emmett Shear, Altman, Nadella, Kara Swisher, Marc Benioff, Silvio Savarese, Benioff, OpenAI Organizations: Service, Microsoft, Salesforce, Business Insider Locations: OpenAI
The Chaos at OpenAI, Explained
  + stars: | 2023-11-21 | by ( Kevin Roose | More About Kevin Roose | ) www.nytimes.com   time to read: 1 min
If they had been the plot of a science fiction movie, or an episode of “Succession,” the events at OpenAI last weekend would have seemed a little over-the-top. If you haven’t been paying attention to all the twists and turns in the saga, that’s OK. It’s been a confusing ride, with lots of complex jargon and hard-to-follow details. But it’s an important story, even if you’re not particularly interested in A.I. If you’ve ever used ChatGPT or drawn a picture with DALL-E 3, or if you care about whether powerful A.I. systems might someday threaten human survival, all of that is wrapped up in the drama at OpenAI, the country’s most prominent maker of artificial intelligence.
Persons: you’re, DALL Organizations: OpenAI
Michael Rothenberg became known for his rapid rise to success with his VC firm, Rothenberg Ventures. But this week he became yet another Silicon Valley star to be convicted of fraud. AdvertisementA once high-flying Silicon Valley venture capitalist, whose partying lifestyle inspired an HBO show, has been convicted of committing fraud amounting to $18.8 million. Rothenberg first rose to prominence in 2013 after raising $5 million for his venture capital management fund, Rothenberg Ventures, aged just 27. But in 2016, Rothenberg Ventures collapsed after admitting to investors it was being investigated by the Securities and Exchange Commission (SEC).
Persons: Michael Rothenberg, Rothenberg, , Chace Crawford's, Vox Organizations: Rothenberg Ventures, Service, HBO, US, Office, Northern, Northern District of California, Bloomberg, Rothenbergs Ventures, Golden State Warriors, San Francisco Giants, Golden Globes, TechCrunch, Rothenberg's, T, Securities and Exchange Commission, SEC, Wired, River Studios, Coldplay, Valley Bank Locations: Silicon, California, Northern District, Napa Valley, Hollywood, San Francisco
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. In recent weeks, talks have hit stumbling blocks over the extent to which companies should be allowed to self-regulate. Alexandra van Huffelen, Dutch minister for digitalisation, told Reuters the OpenAI saga underscored the need for strict rules. "Please don't gut the EU AI Act; we need it now more than ever." Reporting by Martin Coulter and Supantha Mukherjee; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
Persons: Sam Altman, Carlos Barria, Altman, OpenAI’s, Brando Benifei, , Alexandra van Huffelen, Gary Marcus, Martin Coulter, Supantha Mukherjee, Susan Fenton Organizations: Economic Cooperation, REUTERS, European Commission, EU, Reuters, Microsoft, New York University, Thomson Locations: Asia, San Francisco , California, U.S, European, OpenAI, France, Germany, Italy
Satya Nadella says OpenAI should've 'consulted' Microsoft before firing former CEO Sam Altman. AdvertisementSatya Nadella says OpenAI should "at the very least" have consulted Microsoft before ousting Sam Altman given its investment in the company. The Microsoft CEO told the "On with Kara Swisher" podcast: "It's not even the money and the capital. On Monday, Nadella announced that he'd hired Altman and former OpenAI president Greg Brockman to head Microsoft's new advanced AI research team. Representatives for Microsoft and OpenAI did not immediately respond to requests for comment from Business Insider, sent outside regular business hours.
Persons: Satya Nadella, OpenAI should've, Sam Altman, Kara Swisher's, OpenAI, , Bing, Kara Swisher, Sam, Someone's, Altman, Emmett Shear, Nadella, he'd, Greg Brockman, Swisher Organizations: Microsoft, Service, Twitch, Business Locations: OpenAI
CNBC Daily Open: Record highs for Microsoft and Nvidia
  + stars: | 2023-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Stephen Brashear | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAll the turmoil at OpenAI over the weekend turned out pretty well — for Sam Altman and Microsoft , at least. The appointment sent Microsoft shares to a new high. Meanwhile, at another corner of the technology industry, anticipation over Nvidia's earnings report later today pushed the chipmaker's shares up to a record high.
Persons: Satya Nadella, Stephen Brashear, Sam Altman, Altman's, Dan Ives, Ives, Altman, Brockman, we've, — CNBC's Sophie Kiderlin Organizations: Getty, CNBC, Microsoft, Wedbush Securities, Nadella, Nvidia, Dow Jones, Nasdaq Locations: Bellevue , Washington
GM’s driverless ride heads into a ditch
  + stars: | 2023-11-21 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +3 min
A self-driving GM Bolt EV is seen during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. Automotive giant GM acquired Cruise in 2016, subsequently bringing on investors including SoftBank’s (9984.T) Vision Fund, Honda Motor (7267.T) and Microsoft (MSFT.O). The question is whether GM’s autonomous division has enough momentum to recover from that loss. CONTEXT NEWSDaniel Kan, co-founder and chief product officer of General Motors’ autonomous taxi business Cruise, resigned from the company on Nov. 20, Reuters reported. California’s Department of Motor Vehicles suspended Cruise’s autonomous license in the state on Oct. 24, saying that the company had “misrepresented” the safety of its technology.
Persons: Elijah Nouvelage, Tesla, that’s, Cruise’s, Cruise, Kyle Vogt, Daniel Kan –, Sam Altman, Elon Musk, Mary Barra hasn’t, SoftBank, Daniel Kan, John Foley, Sharon Lam Organizations: GM Bolt, REUTERS, Reuters, General Motors, Automotive, GM, Cruise, Vision Fund, Honda, Microsoft, Uber Technologies, Ford, U.S . National, Traffic, Administration, California’s Department of Motor Vehicles, Thomson Locations: San Francisco , California, U.S, San Francisco, California
Emmett Shear ’s sudden appointment as OpenAI CEO late Sunday puts him at the center of high-stakes drama in both the world of artificial intelligence and within his new company. Shear, the co-founder of the popular videogame-livestreaming service Twitch, became OpenAI’s interim chief executive after the surprising and dramatic ouster of its former boss Sam Altman over the weekend.
Persons: Emmett Shear ’, Sam Altman
Sam Altman was ousted from OpenAI then accepted a top job at Microsoft over the weekend. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the course of a whirlwind weekend, OpenAI cofounder Sam Altman was ousted from ChatGPT's parent company and promptly accepted a job running a new AI research team at Microsoft. [Microsoft CEO Satya] Nadella says they're still committed to OpenAI. (Ware predicted brain drain as other OpenAI employees follow Altman to Microsoft or join other rivals now he's no longer in charge.)
Persons: Sam Altman, OpenAI, , Microsoft didn't, Dan Ives, Altman, — that's, Jason Ware, They've, Satya, Nadella, they're, They're, Ware, Ben Laidler, Emmett, Joshua Mahony, Jim, Fan, Satya swoops, I'm, Jason Calacanis, It's Organizations: Microsoft, Wall Street, Service, Nasdaq, Albion Financial, CNBC, Markets, Nvidia Locations: OpenAI
Microsoft stock was gaining after the software giant said Sam Altman—OpenAI's fired chief executive—would lead its new advanced AI research team . Now more than 500 OpenAI employees have threatened to leave the company if the current board doesn't resign and reinstate Altman. The chip maker’s stock—which has been a big contributor to the S&P 500's gains this year—was also higher in recent trading. All three major stock indexes are coming off their third straight weekly advance, including a 2.2% gain for the S&P 500. Benchmarks in Asia mostly rose, with consumer and tech stocks helping push Hong Kong’s Hang Seng Index up 1.9%.
Persons: Sam Altman — OpenAI's, , Altman, Javier Milei Organizations: Microsoft, Nvidia, Nasdaq, Bayer, Bristol Myers Squibb, U.S, Treasury, greenback, Global Locations: OpenAI, U.S, Europe, Asia
But even as the story continues unfolding, analysts already view Microsoft as well positioned coming out of the latest Silicon Valley spectacle. Ives, who reiterated his outperform rating and $425 price target for Microsoft, said the OpenAI board was "kids poker table and thought they won." "We view Microsoft now even in a STRONGER position from an AI perspective with Altman and Brockman at MSFT running AI," Ives wrote to clients Monday morning. Ives' price target is higher than the consensus on Wall Street of $403, according to LSEG, implying upside of slightly more than 9%. Materne has an outperform rating on the stock and a $432 price target.
Persons: Sam Altman, , Altman, MSFT, Dan Ives, Ives, Satya Nadella, Greg Brockman, Brockman, outperforming, Oppenheimer, Timothy Horan, Bing, Horan, ISI's Kirk Materne, Materne, Michael Bloom Organizations: Microsoft, Nasdaq Locations: OpenAI, Redmond, Wash
How to Avoid Family Drama This Holiday Season
  + stars: | 2023-11-20 | by ( Catherine Pearson | ) www.nytimes.com   time to read: +1 min
Whatever your kin’s particular brand of friction, having a game plan to avoid conflict or shut it down is a good idea. So we asked readers for the strategies they turn to when family relations get spicy. Hundreds wrote in offering tips, tricks and solidarity. We have a son with special needs, and family events have been challenging for years. It has been easier to be where we can control the environment and where we have a safe space.
Persons: , Stephanie Locations: Savannah, Ga
What You Need to Know About the OpenAI Drama
  + stars: | 2023-11-20 | by ( ) www.wsj.com   time to read: +1 min
News of OpenAI CEO Sam Altman's surprise ouster dominated tech news this past weekend, and it continues to swirl today. Altman and others have also pushed for a new board at OpenAI. Mira Murati, OpenAI's chief technology officer, had briefly held the position after Altman was removed. ... Those clients will need to know that Microsoft’s vital code can’t be scrambled by a Silicon Valley soap opera." Part of the backdrop: investor enthusiasm for the potential of AI technology, which has driven several stocks higher this year.
Persons: Sam Altman's, doesn't, Altman —, Greg Brockman — aren't, Altman, Brockman, OpenAI, Emmett Shear, Mira Murati, Joanna Stern, Heard, Dan Gallagher's Organizations: Microsoft
(AP) — With LSU star forward Angel Reese missing in action and little explanation forthcoming from coach Kim Mulkey, the seventh-ranked Tigers are attracting unwanted scrutiny at the outset of their national title defense. On Monday, there was no indication that Reese would be back with the team for a home game against Texas Southern. It would be highly unusual for a player to begin missing games because of academic eligibility after the basketball season started but before the end of the first semester of an academic year. No LSU players were made available for postgame interviews. Nicknamed the “Bayou Barbie," Reese led LSU to its first national title in women’s basketball last season.
Persons: Angel Reese, Kim Mulkey, Reese, Grant Kauvar, Mulkey's reticence, Reese —, , Reese's, Flau'Jae Johnson, Kia Brooks, Angel Webb Reese, Brooks, ” Brooks, Mulkey, , , Jeanine Ogbonnaya, Hailey Van Lith, Aneesah Morrow, Mikaylah Williams, LSU hasn't, hasn't, LSU’s, Sylvia Fowles ’, ___ Organizations: , LSU, Tigers, Texas Southern, LSU women's, Southeastern, Kent State, Universities, The Associated Press, Cayman, Southeastern Conference, AP, womens Locations: BATON ROUGE, La, Southeastern Louisiana, Colorado, Virginia
Who is Emmett Shear, the new CEO of OpenAI?
  + stars: | 2023-11-20 | by ( Brian Fung | ) edition.cnn.com   time to read: +6 min
CNN —A sudden and seismic leadership crisis at OpenAI has led to a revolving door of CEOs at the artificial intelligence company, with tech entrepreneur Emmett Shear becoming the latest to take the helm on Monday. But by Monday morning, Altman had accepted a job at Microsoft, the tech giant with a sizable investment in OpenAI, Shear was named interim CEO and hundreds of OpenAI employees — including Murati — were calling for the board’s resignation and threatening to follow Altman to Microsoft. Now, picking up the pieces at OpenAI will be Shear, the 40-year-old co-founder of the video-game live-streaming company Twitch. On Monday, Shear announced he had accepted the job of interim CEO because he believes OpenAI “is one of the most important companies currently in existence.”Whether it can remain so depends on what Shear does next. But with Altman and his allies working in-house at Microsoft, Shear — and whomever succeeds him as OpenAI’s permanent CEO — may forever be overshadowed.
Persons: Emmett Shear, Sam Altman, Mira Murati, Altman, Shear, Murati —, OpenAI “, ” Shear, , He’s, “ You’ll, , OpenAI Organizations: CNN, Microsoft, Twitch, Amazon, Yale, Bing Locations: OpenAI,
Brigitte Macron waited 10 years to marry the French President because her children were around his age. She spoke about her relationship with Emmanuel Macron to news magazine Paris Match, per The Times. AdvertisementBrigitte Macron says she waited a decade to marry French President Emmanuel Macron to avoid ruining the lives of her children, who were around his age. "The only obstacle was my children," she told Paris Match, as translated by The Times. AdvertisementShe then married Emmanuel Macron in 2007, about 10 years before he became the French President in 2017.
Persons: Brigitte Macron, Emmanuel Macron, , André, Louis Auzière, Auzière Organizations: Paris, Times, Service, Paris Match, The Times Locations: French, Amiens, France, Paris
Elon Musk poked fun at Sam Altman and OpenAI following his shock departure. Altman was fired by the board over Google Meet, despite Microsoft investing billions in OpenAI. — Elon Musk (@elonmusk) November 20, 2023Musk seems to have been reveling in the drama surrounding the firing of Altman. AdvertisementAltman was fired by OpenAI's board on Friday, after board members said he had not been "consistently candid" in his discussions with them. Elon Musk has expressed similar concerns in the past, and has called on the board to explain its reasoning for firing Altman .
Persons: Elon, Sam Altman, OpenAI, Altman, , Elon Musk, OpenAI —, Satya Nadella's, Greg Brockman, — Elon Organizations: Google, Microsoft, Service
Microsoft CEO Satya Nadella told CNBC's Jon Fortt on Monday that the governance structure of OpenAI needs to change, three days after the sudden firing CEO Sam Altman. Early Monday morning Nadella said that Altman, Brockman and their colleagues would join Microsoft as part of a new AI research group. That post followed news that ex-Twitch CEO Emmett Shear had been named OpenAI interim head as Altman looked to depart. Nadella told Fortt that Microsoft respects OpenAI's nonprofit roots and shares its belief that AI needs to be developed and rolled out in a safe manner. WATCH: A timeline of the drama between Sam Altman, OpenAI and Microsoft
Persons: Satya Nadella, CNBC's Jon Fortt, Sam Altman, Nadella, Altman, OpenAI, Greg Brockman, Brockman, Emmett Shear, Fortt Organizations: Microsoft, Tiger, Sequoia Capital
Elon Musk says OpenAI's Ilya Sutskever wouldn't have fired Sam Altman unless it was necessary. "Ilya has a good moral compass and does not seek power," the former OpenAI board member said. "He would not take such drastic action unless he felt it was absolutely necessary," Musk continued. OpenAI's board said in a statement that Altman "was not consistently candid in his communications with the board" but has not given further details. AdvertisementMusk was previously on OpenAI's board of directors.
Persons: Elon Musk, Ilya Sutskever wouldn't, Sam Altman, Ilya, Musk, , Ilya Sutskever's, Sam Altman's, OpenAI's, Altman, Greg Brockman, Sutskever, ChatGPT, Grok, CNBC's David Faber, OpenAI, Faber, Emmett Shear, Satya Nadella Organizations: CNBC, Service, New York Times, OpenAI, Microsoft, Musk, Business Insider Locations: OpenAI
Microsoft announced Monday that it has hired Sam Altman and another architect of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world. Microsoft Chairman and CEO Satya Nadella tweeted that the U.S. tech giant is committed to its partnership with OpenAI, whose chatbot kicked off the generative AI craze by producing human-like text, images, video and music. Microsoft invested billions of dollars in the startup and helped provide the computing power to run its AI systems. “We’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team,” Nadella said. The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives.
Persons: Sam Altman, OpenAI, Satya Nadella, Nadella, Emmett Shear, OpenAI's, Greg Brockman, ” Nadella, Altman, Brockman, Mira Murati, It's, Shear, didn't, , Valley’s, ” OpenAI Organizations: Microsoft, OpenAI, Associated Press Locations: U.S
The government is considering whether to suspend Germany's constitutionally enshrined debt brake as a way out of the spending crunch, a source told Reuters, while a leading member of Scholz's own party also called for such a move. Habeck said he was not proposing to abolish Germany's constitutionally enshrined debt brake, but added that "it is inflexible". We are now being forced to modernize the economy with fewer public subsidies," he told the Bild am Sonntag newspaper. "Rather, it is the unsound and unconstitutional budget policy of the federal government and the (three-way) coalition. "One possibility could be to suspend the debt brake in 2023 ... but then not in 2024.
Persons: Robert Habeck, Minister Christian Lindner, Chancellor Olaf Scholz's, Germany's, Lindner, Habeck, Sebastian Brehm, Markus Wacket, Christian Kraemer, Matthias Williams, Miranda Murray, Ed Osmond, Paul Simao Organizations: Minister, Reuters, Greens, Free Democrats, CDU, CSU, Thomson Locations: United States
Threads was a great place to get news on the OpenAI drama over the weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Then, the biggest recent breaking news story in tech and business unfolded over the weekend with Sam Altman's shocking exit from OpenAI. It was the perfect test to see if Threads was up for a breaking news event. She also posted the same stuff to Threads, but as she pointed out — ironically — Threads doesn't "thread" posts properly, making a continuing story confusing to follow.
Persons: Meta execs, It's, , Instagram, Adam Mosseri, we're, Sam Altman's, Altman, Satya Nadella, Marissa Mayer, Kara Swisher, Swisher, Elon Musk, — Steve Liesman Organizations: Service, Meta, Twitter, Microsoft, Veteran, Elon, Disney, Apple Locations: OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch a timeline of the drama between Sam Altman, OpenAI and MicrosoftHundreds of OpenAI employees have signed a letter threatening to join former OpenAI CEO Sam Altman at Microsoft if OpenAI's remaining board members resign. Altman was forced out of OpenAI on Friday by the company's board over communication issues. OpenAI's chief technology officer Mira Murati was appointed as interim CEO following Altman's ousting.
Persons: Sam Altman, OpenAI, Altman, Mira Murati Organizations: Microsoft Locations: OpenAI
ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. OpenAI’s strategic partners, including investor Microsoft, were also reportedly informed of Altman’s ouster minutes before the board’s announcement. Microsoft CEO Satya Nadella reportedly mediated the discussion. Hundreds of employees on Monday morning signed an open letter calling on the company’s board to resign and reinstate Altman and Brockman. The Verge reported Monday afternoon that Altman and Brockman could still return to OpenAI if the board members who fired him resign.
Persons: Sam Altman —, he’d, OpenAI, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, , what’s, ” Brockman, Kara Swisher, Joel Saget, Satya Nadella, Nadella, Brockman, Emmett Shear, Murati, openai, ” Altman Organizations: New, New York CNN, Microsoft, Google, Getty, OpenAI Locations: New York, AFP, OpenAI
A timeline of Sam Altman's firing and dramatic return to OpenAI
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +1 min
Companies Openai LLC FollowMicrosoft Corp FollowNov 21 (Reuters) - OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussions about the future of the startup at the center of the global artificial intelligence boom. [1/2]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria Acquire Licensing RightsFollowing his surprise dismissal on Friday, Altman had briefly joined Microsoft (MSFT.O) as the head of artificial intelligence research along with the ChatGPT maker's former President Greg Brockman and other staff. The developments come less than a year after OpenAI kicked off a generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names. Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: OpenAI, Sam Altman, Carlos Barria, Altman, Greg Brockman, Akash Sriram, Shounak Dasgupta, Nivedita Organizations: Microsoft, Economic Cooperation, REUTERS, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru
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