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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe evolution of Apple's iPhone and how it changed the worldApple's iPhone was first announced by Steve Jobs in January 2007. Today, research by Demand Sage shows that the company has over 1.5 billion active users. The 2008 launch of the App Store was a pivotal turning moment for the company and now Apple has surpassed Samsung as the world's leader of smartphones for the first time.

Persons: Steve Jobs Organizations: Demand Sage, Apple, Samsung

☆ How the Apple iPhone became one of the best-selling products of all time
▼ + stars: | 2024-01-27 | by ( Sydney Boyo | ) www.cnbc.com time to read: +3 min

Apple has sold over 2.3 billion units of the iPhone and has over 1.5 billion active users, according to research from Demand Sage. Apple sold 1.4 million iPhones in 2007 with 80% of the sales coming in Q4. The company hit a major milestone — more than 50 million units sold — in 2011, with the help of the iPhone 4s. By 2015, Apple was selling over 200 million iPhone units yearly. I can't imagine a scenario where Samsung can build a suite of products that is going to disrupt the Apple ecosystem."

Persons: Steve Jobs, Asset's Gene Munster, Uber, Museum's Marc Weber, Apple Organizations: Apple, Demand, Nokia, Asset's, U.S, Samsung, International Data Corp, Android, Microsoft, Google Locations: Munster

☆ Here's what I'm watching to see where the market goes next after the S&P 500 record close
▼ + stars: | 2024-01-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

We don't know what we want. The rails are too significant to ignore even as the bond market seems to rely, I would say, wrongly, on the broader data. I think it's a factor of big money flows that aren't sensitive to what moves rates and don't mind being wrong. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Tesla, ServiceNow, Bill McDermott, Russell, —, Abbott, Gamble, Jon Moeller, Heels, what's, hasn't, Steve Jobs, Ray, Kimberly, Clark, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Union Pacific, CSX, Norfolk Southern, Federal Reserve, Silicon Valley Bank, Microsoft, Nvidia tacking, Google, Apple, Nvidia, JPMorgan Healthcare Conference, Abbott Laboratories, Investing, JPMorgan, Novartis, Walgreens Boots Alliance, Procter, Super, YouTube, Netflix, Vision, Pro, Jim Cramer's Charitable, CNBC, NYSE Locations: U.S, Silicon, San Francisco, Amgen, China

☆ Don't worry — the machines won't be as smart as humans for a long time, because they've still got a lot to learn
▼ + stars: | 2024-01-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Much of today's most popular AI models, such as OpenAI's GPT-4, are trained on what's publicly available on the internet. It's worth noting that AI models exist today that are pretty effective at generating images, but these are text-to-image models, like Midjourney and Stable Diffusion. Koller also sees issues with today's LLMs. This isn't the first time doubts have been raised about the capacity of today's AI models. Steve Jennings/Getty Images for TechCrunchThis is not to say today's LLMs are useless.

Persons: —, OpenAI's ChatGPT, Bill Gates, Daphne Koller, MacArthur, Koller, Neilson Barnard, chatbots, Yann LeCun, –, today's LLMs, LLMs, that's, Kai, Fu Lee, Steve Jennings Organizations: Economic, Service, Big Tech titans, Google, Microsoft, Getty, Meta Locations: Davos, Switzerland, today's, silico

☆ The Farmers Had What the Billionaires Wanted
▼ + stars: | 2024-01-19 | by ( Conor Dougherty | ) www.nytimes.com time to read: +1 min

For six years a mysterious company called Flannery Associates, which Mr. Sramek controlled, had upended the town of 10,000 by spending hundreds of millions of dollars trying to buy every farm in the area. It sued a group of holdouts who had refused its above-market offers, on the grounds that they were colluding for more. Residents worried it could be a front for foreign spies looking to surveil a nearby Air Force base. The truth was that Mr. Sramek wanted to build a city from the ground up, in an agricultural region whose defining feature was how little it had changed. They and others from the technology world had spent some $900 million on farmland in a demonstration of their dead seriousness about Mr. Sramek’s vision.

Persons: Jan Sramek, Flannery, Sramek, Michael Moritz, Reid Hoffman, Laurene Powell Jobs, Steve Jobs Organizations: American Legion, Flannery Associates, Air Force, Silicon, LinkedIn, Emerson, Apple Locations: Rio Vista, Calif, Rio

☆ RIP Sports Illustrated. And RIP, magazines.
▼ + stars: | 2024-01-19 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Read previewSports Illustrated used to be an American cultural touchstone. And sad for a certain kind of media person — like me — who remembers when Sports Illustrated was Really Important. AdvertisementFor people who don't remember that era: In a pre-internet world, Sports Illustrated was many things. In recent years, you were much more likely to read about a scandal or stupid controversy at Sports Illustrated than you were to actually read Sports Illustrated. So feel free to pour one out for Sports Illustrated — both the idea and the actual place where people worked.

Persons: —, John Steinbeck, William Faulkner, Don DeLillo, Gilbert Carrasquillo, who've, it's, Condé Nast, Steve Jobs, DotDash Meredith, Conde Organizations: Service, Sports Illustrated, Business, Authentic Brands, Group, Brands, Sports, Inc, Vogue, Apple, Pitchfork, Google, Facebook Locations: American

☆ Can you watch porn on an Apple Vision Pro? Yes and no.
▼ + stars: | 2024-01-19 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Apple's Vision Pro goes on sale today. You can still watch porn on a Vision Pro via a web browser. I've asked Apple PR to confirm that the guidelines will extend to apps made specifically for the Vision Pro. (This is why the fact that neither Netflix nor YouTube are making Vision Pro apps is not a big deal — if you want to watch Netflix or YouTube on a Vision Pro, you can do it on a browser). But don't expect to see porn that fully exploits the capabilities of the Vision Pro anytime soon.

Persons: —, Apple, Steve Jobs, Tim Cook, Jobs, I've, it's Organizations: Vision, Service, Apple, Netflix, YouTube

☆ Cane toads: This warty, toxic pest threatens entire ecosystems. These scientists have a secret weapon
▼ + stars: | 2024-01-19 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +12 min

For the most part, the battle against cane toads has been mounted by local ecological warriors wearing rubber gloves who scan the streets for adult toads. But the Australians have a secret weapon not yet available worldwide – a lure that attracts cane toad tadpoles so thousands can be killed in one hit. To prove the theory, and try to mimic it, they’d first need a heap of dead cane toads. “In Florida, cane toads are mainly a socio-economic issue. Northern quolls – small carnivorous marsupials – get a cane toad sausage, goannas are fed tiny live toads and freshwater crocodiles receive cane toad legs with a dose of lithium chloride.

Persons: Australia CNN —, Gary King, “ Who’s, ”, King, Australia’s, Cane, Luke, Austin Rogers, “, “ There’s, we’re, Rob Capon, Rick Shine, Capon, ” Capon, they’d, it’s, you’ve, Jacob LaFond, Steve Johnson, that’s, ” LaFond, That’s, Nikki Tomsett, ” Tomsett, they’re, Sara McAllister, Connor, John Holmes, Hilary Whiteman, Connor Holmes, John, ” John, ” Connor Organizations: Australia CNN, University of Queensland, Macquarie University . Shine, Macquarie University, University of Tampa, University of Florida, Western Australia Department of Biodiversity, CNN Locations: Brisbane, Australia, South, Central America, Queensland, United States, Japan, Philippines, Papua New Guinea, Pacific, Caribbean, United Kingdom, koalas, North Queensland, Florida, Miami, “, South Florida, Australian, Hawaii, Derby, Western Australia, Northern

☆ I worked with Steve Jobs as a software engineer straight out of college. It was like playing on a great sports team.
▼ + stars: | 2024-01-18 | by ( Kiera Fields | ) www.businessinsider.com time to read: +10 min

Rony Sebok got a job at Apple straight out of Harvard in 1983 working on the Mac team. She worked with a small team of software engineers under the direction of Steve Jobs. Interviewing for the Mac team didn't follow the traditional approachAt the time, this was a top-secret project. Steve Jobs once came into my cubicle and asked, "Don't you own a pair of blue jeans?" AdvertisementMacintosh software team photographed in January 1984 for a Rolling Stone article.

Persons: Rony Sebok, Steve Jobs, Sebok, Jobs, —, Steve, I'd, Bill Gates, alums, Lisa teams, Windham, Steve didn't, Susan Kerr, John Sculley, Lisa, OpenAI Organizations: Apple, Harvard, Mac, Service, Macintosh, Computer Science, Microsoft, IBM, BMW, Windham Hill, Polaroid, Mercury, Getty, HP, Havard Business School, Google Locations: East Coast, West, Cupertino, Hawaii, Apple

☆ Apple will avoid ban by selling latest Apple Watches without blood oxygen feature
▼ + stars: | 2024-01-17 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple will remove the blood oxygen feature from its latest Apple Watches, a move that will allow the company to continue importing and selling the devices in the U.S. as it battles with Masimo in court. Modified versions of the Apple Watch Series 9 and Ultra 2 will go on sale Thursday, Apple said in a statement. "These steps include introducing a version of Apple Watch Series 9 and Apple Watch Ultra 2 in the United States without the Blood Oxygen feature. There is no impact to Apple Watch units previously purchased that include the Blood Oxygen feature." WATCH: Apple again banned from selling watches in U.S. with blood oxygen sensor

Persons: Masimo, Apple Organizations: Apple Inc, Apple, Steve Jobs, International Trade Commission, ITC, Apple Watch, CNBC Locations: Cupertino , California, U.S, United States

☆ From transparent TVs to ChatGPT-powered pet companions, here’s some of the buzziest tech of CES 2024
▼ + stars: | 2024-01-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +10 min

Here’s a look at some of the buzziest products announced this week:Loona companion robot is the world's first consumer robot equipped with ChatGPT AI technology. From Beijing KEYi Technology Co. Ltd.AI companionsAI companions are one of the biggest trends to emerge from the show this year. Samsung’s buzzy Ballie robot, which was first shown off at CES in 2020, received a refresh. BaracodaAI task robotsBeyond companions, AI has made its way into nearly every appliance and gadget you could think of this year. LG was one of the first leaders in transparent TVs; one of its earlier prototypes impressed the show floor back in 2020.

Persons: it’s, Loona, Rosie, Samsung’s, Dipanjan Chatterjee, ”, Volkwagen, Mercedes Benz, Chatterjee, ” Honda, VinFast, “ There’s, Jon Erensen, EssilorLuxottica, Francesco Milleri, Evie, Steve Jobs, Cook, Christoph Dernbach, “, Jitesh Ubrani, ” Ubrani, CNN’s Peter Valdes, Dapena Organizations: CNN — Tech, Consumer Electronics, Beijing KEYi Technology, ., LG, CES, Forrester Research, Walmart, Nvidia, AMD, Honda, VinFast, Fiat, Samsung, Gartner, Media, Apple Vision, Steve, Apple, IDC, Sony, Qualcomm Locations: Las Vegas, Beijing, USA, Cupertino, Cupertino ., Apple's, United States

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ A 1976 check signed by Steve Jobs to Radio Shack is set to fetch more than $20,000 at an auction
▼ + stars: | 2023-12-05 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

A 1976 check to Radio Shack signed by Steve Jobs is expected to sell for more than $20,000. Radio Shack is intertwined with Apple's creation story, per Jobs' biography. AdvertisementA check signed by Steve Jobs to Radio Shack for $4.01 is set to fetch more than $20,000 at an auction. Apple was founded in April 1976, about three months before this check was signed by Jobs as Steven, rather than Steve. Another check for $175 signed by Jobs was sold by RR Auction for more than $100,000 in May.

Persons: Steve Jobs, Jobs, —, Steven, Steve Wozniak, Wozniak, Walter Isaacson Organizations: Radio Shack, Service, Apple, Apple Computer Company, Jobs, Shack

Jones mandated Black majorities in one additional congressional district, two additional state Senate districts and five additional state House districts. Political Cartoons View All 1277 Images“A minority opportunity district must be a district where a single racial group is a majority," Echols said Monday. “District 7 was a minority opportunity district in our view. Besides congressional districts, minority coalitions could also be an issue in Georgia’s new state legislative maps, which are moving toward final passage. “And it’s all over this map from District 10 to congressional District 7.

Persons: Rep Lucy McBath, Steve Jones, Jones, Shelly Echols, Echols, ”, Ken Lawler, McBath, Carolyn Bordeaux, Sen, Tonya Anderson Organizations: ATLANTA, Georgia Republicans, U.S, Supreme, Democratic U.S, Rep, District, Gainesville Republican, Circuit, Appeals, Democratic, Republicans, Democrat Locations: Georgia, Atlanta, Georgia's, ”, Gainesville, U.S, Florida, Alabama, Hardee County , Florida, Gwinnett County, Fulton County, Cobb, Douglas, Fulton, Fayette counties, “, Texas, Louisiana, Mississippi, Galveston County , Texas, Michigan, Atlanta’s, Five

☆ Georgia Republicans advance new US House map that maintains their edge
▼ + stars: | 2023-12-01 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

A general view of the Atlanta skyline includes the Georgia Capitol dome and a "Vote" sign atop the 100 Peachtree building, days ahead of nationally significant U.S. Senate and state governor elections in Atlanta, Georgia, U.S. November 6, 2022. In his Oct. 26 opinion, U.S. District Judge Steve Jones said that Georgia could not remedy the problem "by eliminating minority opportunity districts elsewhere." The new map would likely allow Republicans to maintain their current 9-5 advantage among the state's 14 U.S. House districts. In a statement, the Republican speaker of the state House, Jon Burns, said the new map "fully complies with the judge's order." McBath's campaign manager, Jake Orvis, said in a statement, "Georgia Republicans have yet again attempted to subvert voters by changing the rules."

Persons: Jonathan Ernst, Lucy McBath, Steve Jones, Brian Kemp, Jon Burns, Jake Orvis, Joseph Ax, Will Dunham Organizations: Georgia Capitol, Senate, REUTERS, Georgia Republicans, . House, voters, Republican, Democratic U.S, District, Legislators, McBath, Thomson Locations: Atlanta, Georgia, Peachtree, Atlanta , Georgia, U.S, Black, United States, Georgia's, New York

☆ Nvidia CEO: Senior executives don't need pampering, career guidance
▼ + stars: | 2023-11-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia CEO Jensen Huang offered a glimpse into his unusual management style, including having "50 direct reports," in an interview with CNBC's Andrew Ross Sorkin on Wednesday. Huang says that he has so many direct reports — most executives only have 10 or so — because it keeps Nvidia from developing unnecessary layers of management. "The more direct reports a CEO has, the less layers are in the company. "The people that report to the CEO should require the least amount of pampering and so I don't think they need life advice. I don't think they need career guidance," Huang said.

Persons: Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Steve Jobs, Mark Zuckerberg Organizations: New York Times, Jazz, Lincoln Center, Nvidia, AMD Locations: New York City, China

☆ 'Same as ever:' Lessons on wealth, greed and happiness from Morgan Housel
▼ + stars: | 2023-11-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +13 min

Morgan Housel(Note: Morgan Housel will be on HalfTime Report today at 12:35 PM ET and on ETF Edge at 1:10 PM. To give you an idea of how big that is, a typical financial book will sell roughly 5,000 copies. Now Housel is back with a second book, "Same As Ever: Timeless Lesson on Wealth, Greed and Happiness." Housel cites Charlie Munger, who noted that the world isn't driven by greed, it's driven by envy. Today's economy is good at generating three things: wealth, the ability to show off wealth, and great envy for other people's wealth."

Persons: Morgan Housel, Twain, Bill Gates, Gates, Morgan, Housel, Charlie Munger, Nassim Taleb, Elon Musk, Steve Jobs, Walt Disney, — Organizations: Collaborative Fund, Edge, Lakeside High School, National War Labor Board, Rolex Locations: Seattle, California

☆ Sam Altman's return to OpenAI means he joins Steve Jobs and Jack Dorsey on a list of CEOs who left companies they founded – then eventually came back.
▼ + stars: | 2023-11-26 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Apple’s Steve Jobs and Twitter’s Jack Dorsey made similar comebacks at the companies they founded. 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 . AdvertisementPerhaps the most obvious example is Steve Jobs, who famously left Apple in 1985 after a boardroom struggle. If your company's board is willing to get rid of you once, they'll probably do it again.

Persons: Sam Altman, –, Steve Jobs, Jack Dorsey, —, hadn't, Altman, Greg Brockman, Jobs, John Sculley –, he'd, Travis Kalanick –, Uber, they'll, Dorsey, Elliott, Paul Singer, Elon Musk, Bob Iger, Howard Schultz, Uber's Kalanick, Adam Neumann Organizations: Service, Microsoft, Apple, PepsiCo, NeXT, Twitter, Elliott Management, Disney, Starbucks – Locations: Recode

☆ 'Black Twitter' asks 'What if Sam Altman were a Black woman?' in the wake of ouster
▼ + stars: | 2023-11-23 | by ( Monica Melton | Aaron Mok | ) www.businessinsider.com time to read: +7 min

Sam Altman's high-profile firing has drawn comparisons to Timnit Gebru's exit from Google. Some tech observers and "Black Twitter" asked: "What if Sam Altman were a Black woman?" Sam Altman's shocking ouster— and reinstatement — to OpenAI drew comparisons to Steve Jobs's exit and eventual return to Apple . But a less obvious comparison has been drawn that asks the question: "What if Sam Altman was a Black Woman?" Advertisement"What If Sam Altman Were A Black Woman?

Persons: Sam Altman's, Sam Altman, —, OpenAI, Steve Jobs's, Timnit, Altman, wasn't, Gebru's, Googlers, Jeff Dean, WVBvXJZwh0 — Daniel, @growing_daniel, Eric Schmidt —, Kimberly Bryant, Bryant, TechCrunch's Dominic, Madori Davis, Greg Brockman, z5Dc1BbhbQ — Taylor Poindexter, @engineering_bae, aren't, Émile Torres, Black, Gebru, Torres Organizations: Google, Service, Apple, Microsoft, Tech, Black Locations: America, OpenAI

☆ Tim Cook tells Dua Lipa he wants the next CEO of Apple to be an internal hire
▼ + stars: | 2023-11-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Tim Cook shed some light on the succession plan for Apple's next CEO in an interview with Dua Lipa. AdvertisementWhile Apple CEO Tim Cook doesn't have plans to step down from his post anytime soon, he said he's already thinking about the kind of person who will eventually replace him. "I really want the person to come from within Apple," Cook told singer Dua Lipa on a recent episode of her podcast "At Your Service." Advertisement"We're a company that believes in succession plans and we have very detailed succession plans," he told Lipa, "because something that's unpredictable can always happen. Cook succeeded Apple founder Steve Jobs as the CEO of Apple August 2011.

Persons: Tim Cook, Cook, he's, —, Tim Cook doesn't, Dua, Lipa, Steve Jobs, Jobs Organizations: Dua, Service, Apple, Apple Watch Locations: Dua Lipa, Apple

☆ 'Boomerang' CEOs of major companies
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Sam Altman reached an agreement with OpenAI to return as CEO on Wednesday, after a tumultuous few days following his ouster by the company's board. He joins a list of big name "boomerang" chief executives who have made comebacks at a later date. DELL (DELL.N) - MICHAEL DELLMichael Dell founded Dell Inc in 1980s and held the position of CEO until 2004, when he stepped down to serve as chairman. He returned as CEO in 2007 and led the company through the merger with EMC, which resulted in the emergence of Dell Technologies. He returned as CEO in 2023 amid challenges related to UBS's takeover of peer Credit Suisse.

Persons: Sam Altman, OpenAI, Steve Jobs, John Sculley, DELL, MICHAEL DELL Michael Dell, ROBERT IGER Robert Iger, HOWARD SCHULTZ Howard Schultz, JACK DORSEY Jack Dorsey, Evan Williams, Dorsey, SERGIO ERMOTTI Sergio Ermotti, Ralph Hamers, Boleslaw Lasocki, Victor Goury, Milla Nissi, Jane Merriman Organizations: Apple, Dell Inc, EMC, Dell Technologies . DISNEY, NBA, TWITTER, Twitter, UBS, Suisse, Thomson Locations: U.S, Swiss, Laffont, Gdansk

"i'm looking forward to returning to openai," Altman said in a post on the X social media platform late on Tuesday. Sam Altman attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. OpenAI's previous board consisted of Tasha McCauley, Helen Toner and OpenAI chief scientist Ilya Sutskever and Quora CEO D'Angelo, who is part of the revamped board. In a post on X on Tuesday, Shear said he worked "~72 very intense hours" to bring stability - and ultimately Altman - back to OpenAI. When he was out of a job, CEO Nadella said Altman could head a new research team alongside Brockman and other colleagues departing from OpenAI.

Persons: Bret Taylor, Brockman, FRANCISCO, Sam Altman, OpenAI, Larry Summers, Adam D'Angelo, D'Angelo, Altman, Danni Hewson, AJ Bell's, Satya Nadella, Kyle Rodda, Carlos Barria, Tasha McCauley, Helen Toner, Ilya Sutskever, Steve Jobs, Greg Brockman, Sunday Altman, Emmett Shear, Shear, Nadella, Jeffrey Dastin, Aditya Soni, Shivani Tanna, Bansari, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Sam Holmes, Jane Merriman Organizations: U.S . Treasury, Microsoft, Economic Cooperation, REUTERS, Reuters, U.S, Thomson Locations: openai, U.S, OpenAI, Asia, San Francisco , California, Valley, San Francisco, Bengaluru

For much of the past year, OpenAI’s board of directors has been criticized as too small and too divided to effectively govern one of the fastest-growing start-ups in Silicon Valley history. On Friday, the board’s dysfunction spilled into public view when four of its members fired Sam Altman, OpenAI’s popular and powerful chief executive. Mr. Altman, 38, returned to the company on Tuesday night, after days of haggling over his job and over the makeup of the board. The board and Mr. Altman’s allies discussed more than a half dozen options for its future. The departing board wanted to be sure the replacements would be independent thinkers and experienced enough to stand up to Mr. Altman.

Persons: Sam Altman, OpenAI’s, Altman, Altman’s, Laurene Powell Jobs, Steve Jobs, Brian Chesky Organizations: Emerson Locations: Silicon Valley

☆ Sam Altman returns to OpenAI in a bizarre reversal of fortunes
▼ + stars: | 2023-11-22 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +5 min

In its announcement of Altman’s firing, OpenAI claimed that Altman had been insufficiently “candid” with the board. But then hundreds of OpenAI employees, nearly the company’s entire staff, threatened to leave, potentially for Microsoft, if the company’s board didn’t resign and reinstate Altman as CEO. It’s unclear how Shear will be affected by Altman’s return. “We are encouraged by the changes to the OpenAI board,” Microsoft CEO Satya Nadella said on X. Publicly, Altman has long cautioned about risks posed by AI, and he has pledged to lawmakers and customers that he would move OpenAI forward responsibly.

Persons: Sam Altman, Bret Taylor, Adam D’Angelo, Larry Summers, “, Altman, Steve Jobs, OpenAI, Kara Swisher, Nadella, Greg Brockman, Altman’s, —, Emmett Shear, didn’t, Shear, …, ” Brockman, Satya Nadella, Jony, CNN’s Juliana Liu, Diksha Madhok Organizations: New, New York CNN, Twitter, Microsoft, CNN, Twitch Locations: New York, OpenAI, Silicon

Microsoft (MSFT.O) owns 49% of the for-profit operating company, according to sources familiar with the matter. Other investors and employees control 49%, with 2% owned by OpenAI's nonprofit parent, according to Semafor. OpenAI's board fired Altman on Friday after a "breakdown of communications," according to an internal memo seen by Reuters. Venture capital investors usually hold board seats or voting power in their portfolio companies but OpenAI is controlled by its nonprofit parent company OpenAI Nonprofit, which according to OpenAI's website was created to benefit "humanity, not OpenAI investors." Nonprofit boards have legal obligations to the organizations they oversee.

Persons: Dado Ruvic, Sam Altman, OpenAI, Altman, Minor Myers, Paul Weitzel, Weitzel, Steve Jobs, Anna Tong, Krystal Hu, Jody Godoy, Tom Hals, Kenneth Li, Lisa Shumaker, Matthew Lewis Organizations: REUTERS, Reuters, Microsoft, Venture, OpenAI Nonprofit, University of Connecticut, Nonprofit, University of Nebraska, Apple, Thomson Locations: OpenAI, San Francisco, New York

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