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ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI's first developer conference, on Nov. 6, 2023, in San Francisco. OpenAI’s board was also reportedly having second thoughts and considering asking the ousted CEO to return. Ultimately, Microsoft and Altman appear to be the big winners from the dust-up: Altman will continue leading the firm he helped to found. “We are encouraged by the changes to the OpenAI board,” Nadella said on X.
Persons: Elon, Sam Altman —, , OpenAI, ChatGPT, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, , what’s, ” Brockman, Kara Swisher, Sam Altman, Satya Nadella, Barbara Ortutay, Nadella, Brockman, Emmett Shear, Murati, ” Nadella, , Justin Sullivan, Bret Taylor, Larry Summers, Adam D’Angelo, Shear, Organizations: New Delhi CNN, Valley Bank, Google, Microsoft, OpenAI's, Sunday, OpenAI, CNBC, Twitter Locations: New York, New Delhi, OpenAI, San Francisco, San Francisco , California
OpenAI’s Cast of Characters
  + stars: | 2023-11-22 | by ( Jennifer Korn | Paul Glader | )   time to read: +12 min
Before OpenAI, Altman was president of Y Combinator, mentoring a host of founders and expanding his network in Silicon Valley. “We are encouraged by the changes to the OpenAI board,” he wrote on X on Wednesday. Mira MuratiNamed by the OpenAI board as Altman’s interim successor on Friday, Murati was replaced by Shear before the weekend was done. In September, she joined the board of directors of Shield AI, a defense technology company building AI pilot technology for aircraft. Will HurdAfter joining the OpenAI board in 2021, Hurd was the third director to exit in 2023.
Persons: OpenAI, Sam Altman, Altman, Elon, Satya Nadella, OpenAI’s ChatGPT, Kiko, Emmett Shear, Y, Nadella, , Mira Murati, Murati, Shear, “ Mira, ” Nadella, Ilya Sutskever, Brockman, Sutskever, , we’ve, Adam D’Angelo D’Angelo, Mark Zuckerberg, D’Angelo, Forbes, ” Bret Taylor, Bret Taylor, Elon Musk, Taylor, Justin Kan, Tasha McCauley McCauley, Joseph Gordon, Levitt, McCauley, Greg Brockman Greg Brockman, Peter Thiel, Musk, Helen Toner Toner, AI’s, Toner, Joshua Kushner Kushner, Kushner, Jared Kushner, Karlie Kloss, Charles Kushner, Donald Trump, Larry Summers Summers, Obama, Clinton, Summers, Shivon Zilis, Zilis, Walter Isaacson, Will Hurd, Hurd, Nikki Haley, Reid Hoffman, Hoffman, OpenAI . Hoffman, He’s Organizations: CNN, Stanford University, Microsoft, OpenAI, Colby College, Dartmouth University, Tesla, Time, Phillips Exeter Academy, California Institute of Technology, Facebook, Twitter, Google, Yale University,, GeoSim Systems, Rand Corporation, Centre, Bard College, University of Southern, Harvard University, MIT, Elon, Georgetown’s Center for Security, Emerging Technology, Open, Oscar Health, Memphis Grizzlies, Harvard College, Harvard Business School, Republican, CIA, Allen & Company, Texas, M University, Reid Hoffman LinkedIn, PayPal, LinkedIn, Greylock Partners, SpaceX, Boring Company Locations: Silicon Valley, St, Louis , Missouri, OpenAI, Seattle , Washington, Israel, University of Southern California, North Dakota, Beijing, Georgetown, Canada, United States, Texas, Oxford
But in other ways, the agreement is still a watershed moment for OpenAI and the artificial intelligence field writ large. Who came out on topSam Altman: A clear winner in the whole debacle is, of course, Altman himself. With some of the apparent architects of Altman’s ouster being pushed out themselves, a casualty of the affair may be the perspectives that those board members espoused. Emmett Shear, whom the board named OpenAI’s interim CEO for all of two days, has also expressed similar worries. In the fallout of the leadership crisis, some have argued that the outcome is also a defeat for effective altruism, the movement with which some OpenAI board members are said to be affiliated.
Persons: Sam Altman, Altman, bungled, that’s, Satya Nadella, OpenAI, Nadella, we’re, ” Nadella, Bret Taylor, Larry Summers, Nathan Laine, Hollie Adams, Taylor isn’t, He’s, Elon Musk, Summers, Who, OpenAI’s, Gabby Jones, Emmett Shear Organizations: CNN, Microsoft, Bloomberg, Getty, Facebook, Twitter, Harvard University Locations: OpenAI, Brooklyn, New York
The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry. San Francisco-based OpenAI said in a statement late Tuesday: “We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board" made of former Salesforce co-CEO Bret Taylor, former U.S. Treasury Secretary Larry Summers and Quora CEO Adam D’Angelo. That emboldened a threatened exodus of nearly all of the startup's 770 employees who signed a letter calling for the board's resignation and Altman's return. “We are encouraged by the changes to the OpenAI board,” Nadella posted on X late Tuesday. How many 16-inch pizzas should I order for 778 people,” the person asks, using the number of people who work at OpenAI.
Persons: OpenAI, , Sam Altman, Bret Taylor, Larry Summers, Adam D’Angelo, D'Angelo, Altman, Greg Brockman, Altman's, Kevin Scott, Satya Nadella, ” Nadella, It's, Nadella, Brockman, ” Brockman, “ It’s, Emmett Shear, , ” Shear Organizations: U.S ., Microsoft Locations: San Francisco, OpenAI
The fate of OpenAI hangs in the balance
  + stars: | 2023-11-21 | by ( Brian Fung | )   time to read: +6 min
That has only reinforced the impression that OpenAI’s boardroom drama could take an unexpected turn at any moment. First came the board’s sudden promotion of OpenAI’s chief technology officer, Mira Murati, as Altman’s replacement on Friday — made in the same breath as Altman’s firing. Whether Altman is working for Microsoft or OpenAI won’t change the ultimate result, Nadella argued to Swisher, which is that Microsoft benefits from his work. Much is still unclear about the board’s exact reasons for firing Altman. OpenAI’s newest interim CEO, Emmett Shear, has denied that the firing was due to any “specific” disagreement on AI safety.
Persons: that’s, Sam Altman, Monday, Altman, Satya Nadella, ” Nadella, Kara Swisher, we’re, That’s, Mira Murati, , Murati, Altman’s, Ilya Sutskever, OpenAI, Nadella, Swisher, Marc Benioff, Emmett Shear, it’s, I’ve, , Charlie Warzel Organizations: CNN, Microsoft, Microsoft’s Locations: Silicon Valley
CNN —Microsoft’s CEO Satya Nadella hinted on Monday that he was still open to Sam Altman rejoining OpenAI – despite an announcement earlier in the day that Altman would join Microsoft’s artificial intelligence innovation division. Nadella said he was “open to both options” when asked in a Monday CNBC interview whether Altman would actually join Microsoft. “Look, that is for the OpenAI board and management and the employees to choose,” Nadella said. With a $13 billion investment in OpenAI, Microsoft is one of the company’s biggest backers. “Let’s just say it’s fantastic to have lots of capable people who can become CEOs of Microsoft,” Nadella said.
Persons: CNN —, Satya Nadella, Sam Altman, OpenAI, Altman, Nadella, ” Nadella, , , Greg Brockman, Mira Murati, Twitch, Emmett Shear –, mulling, Greg, they’re, Kara Swisher’s “, Nadella demurred, “ Let’s Organizations: CNN, CNBC, Microsoft 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
New Delhi/New York CNN —Microsoft has hired Sam Altman to power up its artificial intelligence research efforts just days after the co-founder of OpenAI was ousted as CEO in a chaotic boardroom coup. Meanwhile, Emmett Shear, the former CEO of Amazon’s streaming service Twitch, will join OpenAI as interim CEO. “We look forward to getting to know Emmett Shear,” Microsoft CEO Satya Nadella said in a post on X, formerly known as Twitter. In a post on X early Monday, Shear described the chance to join OpenAI as “a once-in-a-lifetime” opportunity. More recently, Altman announced that OpenAI would make its tools widely available so anyone could create their own version of ChatGPT.
Persons: Sam Altman, OpenAI, Greg Brockman, Brockmann, Altman, Emmett Shear, Satya Nadella, ” Nadella, Shear, , Brockman, Ilya Sutskever, Kara Swisher, Jony, Bing, Swisher, , OpenAI “, , “ I’m Organizations: New York CNN, Microsoft, OpenAI Locations: New Delhi, New York, Altman’s
SAN FRANCISCO (AP) — President Joe Biden and other global leaders have spent the past few days melding minds with Silicon Valley titans in San Francisco, their discussions frequently focusing on artificial intelligence, a technology expected to reshape the world, for better or worse. “The world is at an inflection point — this is not a hyperbole," Biden said Thursday at a CEO summit held in conjunction with APEC. None were more bullish than Microsoft CEO Satya Nadella, whose software company has invested more than $10 billion in OpenAI, the startup behind the AI chatbot ChatGPT. That is, we finally have a technology that understands us, not the other way around,” Nadella said at the CEO summit. Musk had been scheduled to discuss his hopes and fears surrounding AI during the CEO summit with Salesforce CEO Marc Benioff, but canceled Thursday because of an undisclosed conflict.
Persons: Joe Biden, Biden, Satya Nadella, ChatGPT, Nadella, , ” Nadella, Sundar Pichai, ” Pichai, we’ve, Pichai, , State Condoleezza Rice, ” Robert Moritz, Moritz, Elon Musk, Musk, Marc Benioff Organizations: FRANCISCO, Valley titans, Economic Cooperation, APEC, Microsoft, Google, Inc, State, Hoover Institution, Stanford University, , PricewaterhouseCoopers Locations: San Francisco, Asia, OpenAI
Google contends that it dominates the market because its search engine is better than the competition's. The Justice Department sought to show that Google feared Apple might establish its own search engine and worried about losing talent to Apple. In a 2019 email shown in court, Pichai asked to be informed directly whenever a member of Google’s search engine team defected to Apple. The Mountain View, California-based company could be stopped from paying Apple and other companies to make Google the default search engine. “You get up in the morning, you brush your teeth and you search on Google,” Nadella said.
Persons: , Sundar Pichai, Pichai, “ That’s, Trump, Judge Amit Mehta, Satya Nadella, ” Nadella, Michael Liedke Organizations: WASHINGTON, Apple, Department, Justice, Google, McKinsey & Co, Justice Department, Microsoft, Washington D.C, U.S, Associated Press Technology Locations: India, U.S, Washington, View , California
Google's search engine earned its huge market share by almost instantaneously presenting people with helpful information culled from the billions of websites that have been indexed since former Stanford University graduate students Larry Page and Sergey Brin developed the technology during the late 1990s. These agreements don’t preclude users from switching to a different search engine in their settings, but it’s a tedious process that few people bother to navigate. “You get up in the morning, you brush your teeth and you search on Google,” Nadella said. “Google must think they getting a great benefit from those default agreements, but maybe they're really not worth that much,” Olson said. That would be ironic.”Although the trial is focused on Google's search engine, a government victory could have more sweeping consequences across the technology industry if Mehta decided all default settings are anti-competitive and outlaws all defaults in the settings.
Persons: it's, Judge Amit Mehta, Mehta, , , Luther Lowe, Larry Page, Sergey Brin, Department's, Bing, Satya Nadella, ” Nadella, Bing —, Nadella, Florian Schaub, ” Schaub, Eddy Cue, David Olson, ” Olson, Siri Organizations: Google, U.S, Justice Department, Stanford University, Apple, Microsoft, University of Michigan, Verizon, Boston College Law School Locations: U.S, Europe
Dedicated ESG funds have also lost popularity with investors. Total assets under management in ESG funds fell by about $163.2 billion globally during the first quarter of 2023 from the year before, according to data provider Lipper. According to the latest Fed projections, officials forecast just one more interest rate hike this year — and rate cuts next year. When members of his board ask him whether interest rates could really go that high, his answer is always “yes,” he told Bloomberg. There are a lot of “potential bad outcomes,” Dimon said, but the worst-case economic scenario would be stagflation, with low growth and high interest rates.
Persons: “ ESG, ESG, What’s, Lipper, Lynn Forester de Rothschild, ESG “, , Rothschild, King Charles II, Bill Clinton, Archbishop of Canterbury Justin Welby, , Stephen Hall, Philip Morris, , Robert Jenkins, Jenkins, Jamie Dimon, Dimon, It’s, ” Dimon, “ you’re, Satya Nadella, Brian Fung, Nadella, ” Nadella, else’s Organizations: CNN Business, Bell, New York CNN, Fox News, Republican, Biden, Council, Inclusive Capitalism, “ Investment, Better, CNN, Jamie Dimon JPMorgan, Federal, Bloomberg, Times, Microsoft, Google Locations: New York, Times of India, United States
Nadella testified on Monday as part of the US government’s sweeping antitrust trial against Google, now into its 14th day. His testimony reflected the frustrations of a long-running rivalry between Microsoft and Google whose tensions have permeated the weeks-long trial. Central to Google’s strategy has been its agreements with companies such as Apple that have made Google the default search engine for millions of internet users. “You get up in the morning, you brush your teeth, you search on Google,” Nadella said. Google’s dominance in search is reinforced when websites and publishers optimize for Google’s search algorithm and not Bing’s, when advertisers flock to Google and when users stick to what’s familiar, Nadella argued.
Persons: Satya Nadella, Nadella, ” Nadella, Eddy Cue, else’s, Microsoft’s Bing, Bing, , , Organizations: CNN, Google, Microsoft, Apple
Washington CNN —Twitter is accusing Microsoft of abusing its data access privileges to its platform, in the latest sign of the social network’s owner Elon Musk igniting a feud between the two tech companies. Microsoft refused to pay Twitter to maintain its data access through Twitter’s application programming interface (API) after Twitter erected a paywall seeking to charge for data, according to the letter. The letter called on Microsoft to provide information about its past two years of Twitter API usage, setting a deadline of June 7. “We heard from a law firm representing Twitter with some questions about our previous use of the free Twitter API. Musk’s targeting of Microsoft over its AI investments appears closely linked to his overall criticisms of existing AI models.
New York CNN —BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. With 11,000 job cuts announced in November and the 10,000 announced in March, Meta’s headcount will fall to around 66,000 — a total reduction of about 25%. The company announced in January that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. IndeedJob listing website announced cuts of approximately 2,200 employees, representing almost 15% of its total workforce, the company said in March. The cuts come after the company announced several rounds of job cuts throughout the pandemic due to falling demand, followed by rapid hiring last year.
Tech firms went on a hiring spree. “Over the past two years we’ve seen periods of dramatic growth,” CEO Sundar Pichai said in an email to employees. The crypto brokerage announced in early January that it’s cutting 950 people – almost one in five employees in its workforce. Departments from human resources to the company’s Amazon (AMZN) Stores will be affected. They’re not in heavy people expansion mode every year,” CEO Andy Jassy said in a memo to employees.
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