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OpenAI CEO Sam Altman was paid $76,001 last year
  + stars: | 2024-11-21 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +3 min
Its CEO, however, was paid a relatively modest five figures at OpenAI in 2023, filings show. OpenAI CEO Sam Altman was paid $76,001 in compensation in 2023 to lead what's now one of the most valuable startups in the world, the company's tax filings for the year showed. During a hearing before a senate judiciary subcommittee in May 2023, Altman said he gets "paid enough for health insurance" and that he receives no equity in OpenAI. Bloomberg estimated in March 2024 that the CEO is worth at least $2 billion, not including any stake he may have in OpenAI. Altman denied during an all-hands meeting with employees that there were plans for him to receive a "giant euqity stake," CNBC reported.
Persons: Sam Altman, what's, Altman, Ilya Sutskever, Chris Clark, Sutskever, Clark, OpenAI Organizations: Microsoft, Census Bureau, Social Security Administration, Bloomberg, CNBC Locations: OpenAI, San Francisco County
The Supreme Court on Wednesday rejected an attempt by Children's Health Defense, the anti-vaccine group founded by Robert F. Kennedy Jr., to protect doctors being investigated in Washington state for allegedly spreading misinformation about the Covid-19 virus. The emergency application was denied by Justice Elena Kagan on behalf of the court. Circuit Court of Appeals, declined to impose injunctions blocking investigations led by the Washington Medical Commission. The Supreme Court did not ask the state to file a response to the application, suggesting that it was deemed lacking in legal merit. Two doctors subject to investigations, Richard Eggleston and Thomas Siler, had joined Kennedy's group in asking the court to weigh in.
Persons: Robert F, Kennedy Jr, Elena Kagan, ” Rick Jaffe, Kennedy, Donald Trump, Richard Eggleston, Thomas Siler, Eggleston, Siler Organizations: Children's Health Defense, Department of Health, Human Services, Circuit, Washington Medical Commission Locations: Washington, San Francisco
It more than doubled the criteria needed to be designated a bomb cyclone from Monday night to Tuesday night. A storm off the Northwest coast strengthens rapidly Tuesday, earning the bomb cyclone designation. Gusts up to 60 mph slammed western Oregon and Northern California endured gusts up to 80 mph. Another bomb cyclone? Another bomb cyclone could develop and rapidly strengthen just off the West Coast on Friday.
Persons: ” “, Rob Corcoran’s, ” Corcoran, , Rob Corcoran's, Rob Corcoran, KIRO, , Isaac Yee, Sara Smart, Mike Madrigal Organizations: CNN, BC Hydro, Puget Sound Energy, County Fire Department, Puget Sound, Washington, Amtrak, KIRO, National Weather Service, Pacific Northwest, Weather Locations: Pacific Northwest, British Columbia, West, Washington, Seattle, Bellevue, County, Maple Valley, Lake Tapps , Washington, Stanwood, Medford , Oregon, Oregon, Northern California, Pacific, Eureka , California, California, San Francisco Bay, Coast
CNBC TechCheck Evening Edition: November 20, 2024
  + stars: | 2024-11-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: November 20, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
AdvertisementNearly one-third of the world's billionaires live in just 15 cities, a new Altrata study says. New York City is home to the largest population of the world's uberwealthy. According to Altrata's 2024 Billionaire Census, which examined the high net worth population, 28% of the world's billionaires live in just 15 cities. AdvertisementNew York City maintained its position as the city with the most billionaires. Altrata reported a total billionaire population of 3,323, up 4% over last year.
Persons: Jackson, Xi, Jack Ma, Altrata Organizations: New Locations: New York City, New York, San Francisco, Palm, York City, China, Germany, Beijing, Shenzhen, Hangzhou, Hong Kong, India
A wind-whipped storm tore through Northern California on Wednesday, knocking down trees, snarling highways and transit, and leaving tens of thousands of people without power. Days’ worth of rain fell on some places in just a few hours. It was the season’s first major atmospheric river, a type of storm that can deliver prodigious amounts of water in a narrow band from the Pacific Ocean. “This is a major storm the likes of which we haven’t seen in over a decade,” said Melanie Coon, a spokeswoman for Puget Sound Energy. Wind gusts in some places exceeded 90 miles per hour — equivalent to the winds of a hurricane.
Persons: , Melanie Coon Organizations: Puget Sound Energy Locations: Northern California, Pacific, Seattle, California, Oregon, San Francisco
AdvertisementAndre Nader switched from an EPO health insurance plan to an HDHP to get access to an HSA. He plans to switch back to an EPO plan in 2025 for simplicity. AdvertisementIn 2024, he decided to put the popular, triple tax-advantaged health savings account (HSA) to the test. You can invest your HSA funds (the investment options vary by provider), and your contributions and earnings grow tax-free. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Nader did throughout 2024.
Persons: Andre Nader, Nader, Nader didn't, he'd, isn't, he'll, HSA Organizations: FIRE, IRA Locations: San Francisco
In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.
Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, , BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London
The surgeon general’s 837-page report on tobacco use found that 37.8% of gay, lesbian and bisexual U.S. adults have tried electronic cigarettes, compared with just 16.5% of their straight counterparts. He said that LGBTQ people use tobacco products at higher rates largely because of “long-standing stigma” within health care settings. Still, 36 million U.S. adults and 760,000 middle and high school students smoke tobacco products, according to the report. Since 2014, the most commonly used tobacco product among U.S. youths and young adults is e-cigarettes. “These and other noncombustible tobacco products such as nicotine pouches have the potential to undermine overall progress in preventing and reducing young people’s use of tobacco products,” the authors stated.
Persons: general’s, , Kristy Marynak, ” Marynak, Scott Hadland, he’s, ” Hadland, , KFF, Hadland, Red Kamel Organizations: Centers for Disease Control, American Lung Association, Mass, Children, Harvard Medical School, Kaiser Family Foundation, Tobacco, Red, Justice Department and Food and Drug Administration Locations: United States, San Francisco, U.S
The San Francisco-based couple recently partook in a TikTok trend that features shoppers showing off the quirky items found at their local HomeGoods stores. “You feel the need to walk away with it because it’s gone the next day,” Gavello, 27, said about the appeal of HomeGoods products. But HomeGoods really does dictate for you, it tells you what to buy.”Wood said that he used to go to HomeGoods with his mom and pull out the weirdest items in the store to inspect. The official HomeGoods TikTok account commented on the couple’s video saying, “sometimes you don’t know what you need until you go to HomeGoods.”A representative for HomeGoods did not immediately respond to a request for comment Tuesday. Gordon said the TikTok trend is fun because it shows the wide range of decorations that exist across HomeGoods stores.
Persons: Aubrey Gavello, Alex Wood, it’s, ” Gavello, Wood, ” Wood, , HomeGoods, , Tatyiana Gordon, Gordon, “ It’s Organizations: TJX Companies, Sierra Trading, Marshalls, CNBC Locations: HomeGoods, San Francisco, Maxx, Syracuse , New York
California health officials on Tuesday reported a possible case of bird flu in a child with mild symptoms. A bird flu test on the child four days after the positive result came back negative. Bird flu has been spreading rampantly in poultry since 2022 in the worst such outbreak the U.S. has ever experienced. California represents the largest share of human bird flu cases in the U.S. so far, with 27 confirmed, not counting the child in Alameda County. In Canada, health officials reported the country's first human case of bird flu last week, in a teenager hospitalized and in critical condition.
Persons: It's, farmworkers, Tomás Aragón Organizations: San Francisco Bay Area, California Department of Public Health, Centers for Disease Control, Health Locations: California, Alameda County, San Francisco Bay, U.S, Oregon, Alameda County . Washington, Colorado, Canada
San Francisco hopes to revive offices with AI companies
  + stars: | 2024-11-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco hopes to revive offices with AI companiesCNBC's Kate Rooney and Michael Shvo, SHVO founder and CEO, join 'Power Lunch' to discuss San Francisco's office shift.
Persons: San Francisco, Kate Rooney, Michael Shvo Organizations: San
The ‘Trump dance’ takes the sports world by storm
  + stars: | 2024-11-19 | by ( Ben Morse | ) edition.cnn.com   time to read: +5 min
CNN —A dance popularized by President-elect Donald Trump appears to have taken the sporting world by storm, after multiple US athletes across the country brought it out to celebrate plays this weekend. At UFC 309 on Saturday, with Trump in attendance, Jon Jones commemorated retaining his heavyweight title by busting out the dance before acknowledging Trump at ringside. I thought it was a pretty fun dance. “It’s not a political dance. 10) said his 'Trump dance' was 'not a political dance' and was 'just for fun.'
Persons: Donald Trump, Nick Bosa –, , , , ” Bosa, Bosa, Jon Jones, Trump, Jones, Chris Unger, Za’Darius Smith, Brock Bowers, Calvin Ridley, Bowers, Safid Deen, “ I’ve, Deen, Charley Hull, Louis, Christian Pulisic, Pulisic, “ It’s, ” Pulisic, Jamie Squire, Colin Kaepernick, LeBron James, Scott Jennings, Jessica Tarlov, , ” Tarlov Organizations: CNN, President, YMCA, The, White, San Francisco 49ers, Trump, Niners, Tampa Bay Buccaneers, Bosa, San Francisco Chronicle, NFL, UFC, Detroit Lions, Las Vegas Raiders, Tennessee Titans, USA, Raiders, Pelican, soccer, Jamaica, CONCACAF Nations League, Republican, Fox, Fox News Locations: British, Florida, St, America
AdvertisementCompetition from driverless taxis could reduce Uber and Lyft drivers' earnings in the years to come. Many drivers told BI that the gig has become less profitable recently due to increased competition. As the adoption of driverless taxis spreads across the US, ride-hailing experts told Business Insider that Uber and Lyft drivers could see their earning opportunities slowly deteriorate. Garin said that many ride-hailing drivers work part-time and don't rely on the gig as their primary source of income. A Lyft spokesperson did not respond to BI's question about the impacts driverless taxis could have on ride-hailing drivers.
Persons: Carl Benedikt Frey, Frey, Waymo, Uber, robotaxis, Andrew Garin, Garin, who've, Lyft, Sergio Avedian, Guy, Bernstein, Nicole Moore, Lindsey Cameron, we've, we're Organizations: Oxford Internet Institute, Drivers, Carnegie Mellon University's Heinz, Atlanta, Phoenix, Mobileye, Wharton School, University of Pennsylvania Locations: San Francisco, Phoenix, Las Vegas, Los Angeles, Austin, Aurora, China
CNBC TechCheck Evening Edition: November 19, 2024
  + stars: | 2024-11-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: November 19, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
CNN —A powerful “bomb cyclone” will combine with an atmospheric river to unleash over a month’s worth of rain, hurricane-force wind gusts and feet of mountain snow to parts of the Pacific Northwest and Northern California. This bomb cyclone will work with an atmospheric river, a long plume of water vapor moving like a river through the atmosphere, to wring out heavy rainfall and significant mountain snowfall in the Pacific Northwest and Northern California beginning Tuesday. The pair will stall along the coast and hammer the area with hazardous conditions through the week and into the weekend. Rainfall of this magnitude is expected to cause significant urban flooding, debris flow on roadways and river flooding. Strong winds could cause extensive damage to trees and power lines,” the National Weather Service office in Seattle warned.
Persons: Organizations: CNN, National Weather Service, Weather Prediction, WPC Locations: Pacific Northwest, Northern California, San Francisco, Medford , Oregon, California, San Francisco Bay, Oregon, Washington, Seattle, Sierra Nevada
AdvertisementNicole Sunderland has been to all 50 US states and has a few suggestions for first-time visitors. Michigan, Florida, Alaska, Hawaii, and Utah are her top picks for first-time visitors. From lush forests to scenic seaside drives and iconic skylines, the US has something for every type of traveler. With visitors able to experience multiple landscapes in one trip, it's no surprise the country was touted as the top tourism destination in the World Economic Forum's Travel & Tourism Development Index 2024. If you're a first-time visitor in need of some inspiration, here are five states you could add to your itinerary for a mix of popular and off-beat experiences, according to Nicole Sunderland.
Persons: Nicole Sunderland, it's, Nicole Sunderland —, , she's Organizations: Tourism, United States Travel Association's, Sunderland, Business Locations: Michigan, Florida, Alaska, Hawaii, Utah, Portland , Oregon, New York, Boston, San Francisco, America, California
BRENTWOOD, Calif. — A Northern California city has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force after a K-9 dog bit into a woman’s scalp during her arrest, requiring her to get more than 200 stitches and other treatment. Talmika Bates will receive $967,000 from the city of Brentwood, located about 60 miles east of San Francisco in Contra Costa County, her attorneys announced Friday. The woman required more than 200 stitches in her head, tissue rearrangement and laceration repair. Brentwood Police Chief Timothy Herbert said the city and its insurance providers agreed to settle the case to avoid further litigation and appeal costs. “The lone claim by Ms. Bates in this litigation was excessive force per the Fourth Amendment.
Persons: Talmika Bates, Bates, Shepherd, She’s, , Adante Pointer, Timothy Herbert, Rezentes, Ms, ” Herbert, Herbert Organizations: Brentwood Police, Court Locations: BRENTWOOD, Calif, , Northern California, Brentwood, San Francisco, Contra Costa County
In today’s edition, national political reporter Ben Kamisar examines how House Republicans are growing increasingly aligned with Donald Trump. “One of the main takeaways from this cycle is that the Democratic Party has a lot of work to do on how we’re reaching voters,” Democratic strategist Christina Freundlich said. It’s one more thing a narrow House Republican majority will have to work through early next year. The remaining House Republicans are going to have to summon a different level of unity than they have managed recently to move the party’s legislative agenda. Martin O’Malley, a onetime presidential candidate, announced he’d enter the race for Democratic Party chair, but many more names are already circulating.
Persons: Ben Kamisar, Donald Trump, Kristen Welker, Mark Murray, Kamala Harris, Harris, Trump, Christina Freundlich, , Steve Schale, Barack Obama’s, Joe Biden, , ” Schale, Sen, John Fetterman, Sahil Kapur, Syedah Asghar, Ryan Nobles, Kyle Stewart, Mike Johnson, We’re, ” Johnson, Donald Trump’s, you’d, , Matt Gaetz’s, Elise Stefanik, Mike Waltz, Pete Hegseth, Brendan Carr, Carr, Johnson, ann o, lea Organizations: NBC, White House, Capitol, Republicans, Press, Democrats, Democratic Party, Democratic, PAC, Kyle Stewart Congress, “ Fox, Republican, NBC News, Trump, Fox News, Federal Communications Commission’s, adjourning, gov Locations: Florida, Gaetz
Multiple weather fronts will push rain and snow into the Midwest, the Southeast, the mid-Atlantic and the Northeast ahead of Thanksgiving week and some of the year's busiest travel days. Rain, snow expected this weekStarting in the Pacific Northwest, a "long duration atmospheric river" was expected to bring 5 inches of rain and at least 3 inches of snow to Oregon and Northern California beginning as early as Monday, federal forecasters and academic researchers said. The rest of the country is likely to get normal precipitation or below-normal rain during that time, the prediction center said. American Airlines said in a statement Thursday that it expects to set a record for passengers served during the holiday span, with nearly 8.3 million expected. It may be too early to tell whether brewing rain and snow systems will thwart travel and spending plans.
Persons: , Snow Organizations: National Weather Service, NBC, Western, Center, . Federal, Prediction, San, American Airlines, American, National Retail Foundation Locations: Texas, Oklahoma, West Texas, Abilene, Wichita Falls, Midland, Dallas, Fort Worth, Pacific Northwest, Oregon, Northern California, San Diego, Colorado , Kansas , Nebraska, South Dakota, Wyoming, Northwest, Ohio, East Coast, Great, New England, New York , New Jersey, Pennsylvania, U.S, California, Pacific Northwest , Montana , North Dakota, South Dakota , Nebraska , Iowa, Minnesota, Wisconsin, Michigan, San Francisco Bay
A month after Donald Trump danced spontaneously at a political rally, the moves have made their way to sporting events around the country. After two attendees fainted at an Oct. 15 rally in Pennsylvania, Trump ended his remarks, saying: “Let’s just listen to music. San Francisco 49ers defensive end Nick Bosa celebrated a sack with teammates in a game at Tampa Bay on Nov. 10. With Trump sitting cage-side Saturday in New York’s Madison Square Garden, UFC heavyweight champion Jon Jones celebrated his victory against Stipe Miocic at UFC 309 by mimicking Trump as Trump smiled. President-elect Donald Trump, singer Kid Rock and Vivek Ramaswamy stand up after UFC heavyweight champion Jon Jones' TKO victory Saturday.
Persons: Donald Trump, Trump, , Kamala Harris, Nick Bosa, Bosa, Jon Jones, Stipe Miocic, Kid Rock, Vivek Ramaswamy, Kena Betancur, Za’Darius Smith, Las Vegas ’ Brock Bowers, Tennessee’s Calvin Ridley Organizations: Trump, San Francisco 49ers, Tampa Bay, San Francisco Chronicle, NFL, Garden, UFC, Getty, Las Vegas Locations: Pennsylvania, New York’s, AFP, Las
CNBC TechCheck Evening Edition: November 18, 2024
  + stars: | 2024-11-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: November 18, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
AdvertisementU.S. News and World Report released its annual list of the best places to retire in America. 1 on U.S. News and World Report's new list of the best places to retire. Prioritizing happiness means some more expensive places ranked higher on the list of best places to retire. AdvertisementTake Jim and Ellen Diamond, a retired couple in their 80s who were living in Hastings-on-Hudson, New York, a suburb of New York City. AdvertisementBelow are the 24 best places to retire in the US, according to U.S. News and World Report.
Persons: Daniel Mehalek, Mehalek, Dawn Bradbury, Jim, Ellen Diamond, Jim Diamond Organizations: News, Fortune, Sunshine State, . News, U.S . News, Business, Bureau Locations: America, South, Midwest, Chicago, Bonita Springs , Florida, Naples, Florida's, Illinois, Naples , Florida, , Virginia, Raleigh , North Carolina, Huntsville , Alabama, U.S, Washington, DC, San Francisco, New York City, Hastings, Hudson , New York, Midtown Manhattan
His latest fascination is Google's Gemini Live, an AI voice assistant. Marc Benioff gave Google's AI voice assistant, Gemini Live, his stamp of approval. "Just downloaded Gemini Live, and I'm absolutely blown away," he wrote in an X post on Sunday. Google released a smartphone app for Gemini Live on Apple's App Store on Thursday, just a few months after the virtual assistant was made free for users. We already have that live," Benioff said.
Persons: Marc Benioff, Benioff, Sundar Pichai, Copilot, Insider's Ashley Stewart, OpenAI's ChatGPT, ChatGPT's, Axios, Jensen Huang, David Sacks Organizations: Gemini, Microsoft, Google, Apple, Apple Intelligence, Business, BI, Pacific, Nvidia Locations: Francisco
AdvertisementSam Altman has been tapped to cochair the transition team for San Francisco's mayor-elect. The OpenAI cofounder and CEO is cochairing the transition team for San Francisco mayor-elect Daniel Lurie, Lurie announced Monday. According to San Francisco's campaign finance database, Altman donated $500 to current San Francisco mayor London Breed in 2018. We need to get him to embrace San Francisco." BI could not find any contributions from Altman to San Francisco mayoral candidates during this election.
Persons: Sam Altman, Daniel Lurie, Altman, Lurie, Ned Segal, OpenAI, San, Levi Strauss, Jan Koum, Jonathan Gans, Oleg Nodelman, " Altman Organizations: San Francisco's, San Francisco, Business, London Breed, Breed, Los Angeles Times Locations: Bay, San Francisco
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