DIRS.INFO The most relevant business & tech news

☆ How China's Rising Emissions Could Change Global Climate Politics
▼ + stars: | 2024-11-19 | by ( Brad Plumer | Mira Rojanasakul | ) www.nytimes.com time to read: +7 min

8 6 United States 4 2 European Union 1850 1900 1950 2000 2024 China Emissions per year 10 gigatons CO2-eq. 8 6 United States 4 2 European Union 1850 1900 1950 2000 2024 China Emissions per year 10 gigatons CO2-eq. That’s why historical emissions are often used as a gauge of responsibility for global warming. A question of moneyChina’s historical responsibility for climate change has become a major point of contention in global climate politics. Total historical greenhouse gas emissions Historical emissions per person Gigatons CO2-eq.

Persons: Jones, ” John Podesta, Ding Xuexiang, ”, Gaston Browne of Organizations: United, United States, Carbon, European Union, Union, Indonesia, India, Britain, Canada, Qatar Locations: United States, Europe, China, United Nations, Baku, Azerbaijan, Japan, Canada, Australia, Nations, India, Saudi Arabia, Africa, “, Gaston Browne of Antigua, Barbuda, Russia, Brazil, European Union, Qatar

☆ Microsoft Copilot's underperformance is the latest red flag for investments in AI
▼ + stars: | 2024-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.

Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan

☆ Who’s Attending COP29, the International Climate Summit?
▼ + stars: | 2024-11-13 | by ( Mira Rojanasakul | ) www.nytimes.com time to read: +9 min

Over 50,000 people are gathered in Baku, Azerbaijan, for the United Nations climate conference known as COP29. This is the second largest of the annual gatherings in their history, according to official estimates and recently published data. Diplomats from nearly 200 member countries will seek a deal on climate financing to support the clean energy transition in developing economies. Recent years have seen a spike in the number of guests, particularly from Europe, sub-Saharan Africa and the Middle East. Politicians started to take more interest in the climate talks in 2009, when they were held in Copenhagen.

Persons: Donald J, Trump, COP6, Keir Starmer, ”, Richard Kinley, they’ve, They’ve Organizations: Climate, United Nations, Diplomats, Paris Copenhagen, Berlin, COP3, Dubai, New York, Paris Copenhagen Official, CENTRAL, NORTH, NORTH AFRICA EAST, NORTH AFRICA Official, EAST ASIA, COP1, CENTRAL ASIA, EAST, PACIFIC, Copenhagen COP15, United, United Arab Emirates, Azerbaijan Russia United Arab, Swarthmore, Ivory, Ivory Coast Democratic Locations: Baku, Azerbaijan, United States, Europe, Saharan Africa, COP28, Dubai, Paris, Copenhagen, United Kingdom, China, SAHARAN AFRICA, NORTH AFRICA, NORTH AFRICA EAST ASIA, Berlin, ASIA, EUROPE, EAST ASIA, AFRICA, Russia, United Arab, Qatar, Doha, Azerbaijan Russia, Azerbaijan Russia United Arab Emirates Qatar, Ivory Coast, Ivory Coast Democratic Republic of Congo Senegal Ghana

☆ OpenAI co-founder Greg Brockman returns after three months of leave
▼ + stars: | 2024-11-12 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Greg Brockman speaks onstage at "OpenAI Co-founder on ChatGPT, DALL·E, and the Impact of Generative AI" during 2023 SXSW Conference and Festivals at Austin Convention Center on March 10, 2023 in Austin, Texas. OpenAI co-founder Greg Brockman has returned to the company as president, three months after announcing he would take a sabbatical "through end of year." In late September, OpenAI Chief Technology Officer Mira Murati announced she would depart the company after six and a half years. The same day, research chief Bob McGrew and Barret Zoph, a research vice president, said they were leaving. OpenAI co-founder Ilya Sutskever and former safety leader Jan Leike announced their departures in May, with Leike joining rival Anthropic.

Persons: Greg Brockman, OpenAI, Mira Murati, Bob McGrew, Barret Zoph, Ilya Sutskever, Jan Leike, Anthropic ., John Schulman, Lilian Weng, Brockman, Sam Altman, Altman, Altman's Organizations: Austin Convention Center, OpenAI, Leike, Anthropic, Google Locations: Austin , Texas

☆ How Women Are Building Community to Succeed in the AI Space.
▼ + stars: | 2024-11-05 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

But others building startups report facing various gender-related obstacles to success, including bias in the fundraising process, limited mentorship opportunities, and difficulty building meaningful business relationships with men. And recent data from the UK shows that only about 4% of AI startups in the country have women founders. Developing relationships with other women working in the AI space has become a vital lifeline, she said. There were plenty of women interested in building AI companies, she said. AdvertisementThis observation was the catalyst for the Female Founder Circles, a community for women engineers interested in building AI startups.

Persons: Saumya Bhatnagar, Bhatnagar isn't, Fei Fei Li, Daniela Amodei, Mira Murati, it's, Bhatnagar, she's, I'm, Vivien Ho, Ho, they're, Forbes, Rejpal, Rajpal, Stephanie Guo, Guo Organizations: Deloitte, Bay Area, FFC, Pear, Zetta Venture Partners, Bloomberg Beta, GitHub, Sapphire Ventures Locations: Bay, San Francisco

CNN has reached out to Terada for comment on the R-FBI’s role in Russian disinformation efforts, and ties to the state. Storm-1516 and R-FBI network members have spread at least 54 different disinformation narratives online since August 2023, according to Clemson and CNN’s analysis. “Does anyone believe that an American would be the spearhead of what some call the biggest Russian Disinformation operation since the cold war? TelegramAnother prominent figure in propagating Russian disinformation is American Tara Reade, a former Senate staffer who in 2020 accused then-presidential candidate Joe Biden of sexual harassment. The links between Terada’s group and other Russian disinformation efforts are at best opaque, which is likely no accident.

Persons: –, Yevgeny Prigozhin, Wagner, Mira Terada, Kamala Harris, Tim Walz, Harris, Walz, Morgan Finkelstein, “ Vladimir Putin, Donald Trump, Trump, ”, Win McNamee, ” Darren Linvill, Patrick Warren, “, Biden, Warren, Kamala, Influencers, John Mark Dougan, Dougan, he’s, Andrew Harnik, MAGA, IMbaMm8YVF, Darren Linvill, Linvill, ” Clemson, Maxim Shugaley, Terada, Vladimir Putin’s “, ” Prigozhin, Konstantin Pridybaylo, Ruslan Ostashko, Colin Gerard, Gerard, Alexander Dugin, picturing, Tara Reade, Joe Biden, Reade, ” Chay Bowes, Simeon Boikov, podcaster, Bowes, ” Warren, Sean Lyngaas, influencers Organizations: CNN, Clemson University’s, Russian Foundation, FBI, Storm, Democratic, Minnesota Gov, Clemson, Getty, NBC, Wired, Prigozhin’s, Internet Research Agency, Miami Chronicle, Boston Times, DC, IRA, Russian, Gov, National Intelligence, US State Department, Minnesota, Apple, Trump, Infrastructure Security Agency, ’, Federal Bureau, Investigation, Kremlin, Wagner Group, US Justice Department, ANO Dialog, BRICS Journalists Association, Washington Post, Center, Forensics Locations: Russian, Ukraine, West, San Francisco, Zambia, Savannah , Georgia, ”, “, American, Zambian, St . Petersburg, Florida, Moscow, Russia, Kazakhstan, Minnesota, Philadelphia , Pennsylvania, Bucks County , Pennsylvania, Bucks County ,, French, Irish, Sydney, European

Halloween is still days away, but online, “Gay Halloween” is in full-force. The posts all begin with text that reads, “I hate gay Halloween, what do you mean you’re dressed as” with a description of the costume. The “I hate Gay Halloween” phrase began to pick up traction in recent years as a joke about the obscurity of queer Halloween costumes, according to Know Your Meme. One of the earliest references to “gay Halloween” costumes is from 2022, when one X user posted, “Gay Halloween costumes are like ‘oh this? But those who are partaking in the “I hate gay Halloween” trend appear to embrace the “extremely online” of it all.

Persons: “, what's, Mira Sorvino, Romy, Michelle, ”, Andrew Garfield, Florence Pugh, Chappell, Willy Wonka, Arthur Locations: British

☆ Meet Liam Fedus, the person responsible for getting OpenAI's new products out the door
▼ + stars: | 2024-10-25 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

The post-training team is currently led by Liam Fedus, a researcher who helped develop ChatGPT. Fedus is the third person to lead the in the past six months. Among them is the post-training team, which is responsible for preparing AI models for wide release and has had three leaders in the past six months. Currently leading post-training is Liam Fedus , a machine learning researcher who was part of a group of researchers that developed ChatGPT. Fedus was also one of seven OpenAI researchers who developed a group of advanced reasoning models known as Strawberry .

Persons: Liam Fedus, Fedus, —, Barret Zoph, Mira Murati, Bob McGrew ., Miles Brundage, It's, Sam Altman, Zoph, John Schulman, Anthropic, OpenAI Organizations: Service, MIT Technology, MIT, Fidelity, UC San Diego, collider, University of Montreal, Google, OpenAI Locations: OpenAI, Switzerland

☆ Many Wells in North Carolina Remain Unsafe After Hurricane Helene
▼ + stars: | 2024-10-25 | by ( Mira Rojanasakul | Hiroko Tabuchi | ) www.nytimes.com time to read: +8 min

Many Wells in North Carolina Remain Unsafe After Helene's DelugeWeeks after Hurricane Helene ravaged western North Carolina with a record downpour, many people still do not have clean drinking water. Wilmington Greensboro Raleigh Asheville NORTH CAROLINA Charlotte Fayetteville Density of private wells Wilmington About a third of households in counties with FEMA disaster declarations rely on private wells for water. Raleigh Asheville NORTH CAROLINA Charlotte Density of private wells Wilmington About a third of households in counties with FEMA disaster declarations rely on private wells for water. N.C. Density of private wells About a third of households in counties with FEMA disaster declarations rely on private wells for water. In North Carolina, a third of residents draw on local groundwater from pumps that they alone must test and maintain.

Persons: Hurricane Helene, Jeaneanne Gettle, ”, “, Hurricane Florence, Helene, Kelsey Pieper, Mo ., S.C, Hartwell Carson, “ That’s, Pieper Organizations: Asheville Nags, Greensboro Durham Raleigh Charlotte Fayetteville Wilmington Nags, Greensboro Durham, Greensboro Durham Raleigh Asheville NORTH, FEMA, Wilmington Nags, Greensboro Raleigh, Greensboro Raleigh Asheville NORTH, Wilmington Greensboro Raleigh Asheville NORTH, Raleigh Asheville NORTH, . Environmental, Federal Emergency Management Agency, Private, Environmental Protection Agency, The New York Times, North Carolina Department of Health, Human Services, Northeastern University, Hurricane, Northeastern, Minn ., Neb . Ohio Nev, Ill . Utah Colo, MISS, ALA, TEXAS, Ore, Ill . Utah Md, ., Del . Utah W.Va, Ill . Utah W.Va, S.C . MISS, Waterkeeper Alliance Locations: Wells, North Carolina, United States, Asheville, Greensboro Durham Raleigh Asheville, Fayetteville, Wilmington, Greensboro Raleigh Asheville, Wilmington Greensboro Raleigh Asheville, Raleigh Asheville, Raleigh Asheville NORTH CAROLINA, Raleigh Asheville N.C, Charlotte, N.C, Florence, Wash . Maine, N.D, Vt, N.H, Minn, Minn . Idaho, S.D . Wis, N.Y, Wyo, Mich, Conn, R.I . Iowa, Pa, Neb . Ohio, Md, Del . Ind, Ill . Utah, W.Va . Va . Calif, Kan, Mo, Ky, Tenn, Ariz, ., TEXAS LA, alaska FLA, hawaii, . Maine, Mont, N.H . Idaho, R.I . Mich, Pa . Iowa, W.Va, Colo . Va, Mo . Kan, Calif, Okla, MISS . TEXAS LA, Maine, Mont . Vt, Ore, Wis, S.D, R.I, Nev . Ohio, Del . Utah Md, Colo, W.Va . Va, Okla ., S.C ., Nev . Ohio Md, Ind, Del . Utah, Mass, Idaho, Mo . Kan . Va . Ky, Ore . Idaho, Kan . Va, R.I . Iowa Pa . N.J, . Texas LA, U.S

☆ OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns
▼ + stars: | 2024-10-24 | by ( Hayden Field | ) www.cnbc.com time to read: +9 min

OpenAI is disbanding its "AGI Readiness" team, which advised the company on OpenAI's own capacity to handle increasingly powerful AI and the world's readiness to manage that technology, according to the head of the team. On Wednesday, Miles Brundage, senior advisor for AGI Readiness, announced his departure from the company via a Substack post. Former AGI Readiness team members will be reassigned to other teams, according to the post. Madry will still work on core AI safety work in his new role, OpenAI told CNBC at the time. Leike added that OpenAI must become a "safety-first AGI company."

Persons: OpenAI, Miles Brundage, Brundage, Miles, Mira Murati, Bob McGrew, Barret Zoph —, Aleksander Madry, Madry, reassign Madry, Sam Altman, it's, Altman, Lina Khan, they've, OpenAI's, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman Organizations: AGI Readiness, CNBC, Security Committee, Google, Microsoft, Meta, Princeton University, Democratic, Federal Trade Commission, Department of Justice, Nvidia Locations: OpenAI

☆ Another safety researcher is leaving OpenAI
▼ + stars: | 2024-10-24 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +2 min

Miles Brundage, who advises OpenAI leadership on safety and policy, announced his departure. The AGI Readiness team he oversaw will be disbanded. AdvertisementMiles Brundage, a senior policy advisor and head of the AGI Readiness team at OpenAI, is leaving the company. Brundage is the latest high-profile safety researcher to leave OpenAI. AdvertisementHe's been responsible for some of OpenAI's biggest innovations in safety research, including instituting external red teaming, which involves outside experts looking for potential problems in OpenAI products.

Persons: Miles Brundage, OpenAI, —, Brundage, Jan Leike, Ilya Sutskever, Mira Murati, Bob McGrew, Barret Zoph, He's Organizations: AGI, Service Locations: OpenAI

☆ Sam Altman risks spreading himself too thin at OpenAI
▼ + stars: | 2024-10-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Sam Altman has taken a more prominent role at OpenAI as several top leaders have left the company. Altman risks spreading himself too thin, three management experts told BI. Now, as Altman leads OpenAI toward a possible for-profit future, some corporate management experts warn that the CEO could stretch himself too thin — taking on too many job functions. Altman and a spokesperson for OpenAI didn't respond to requests for comment from Business Insider. It's possible that Altman could take on the CTO role on a temporary basis, Sonnenfeld said, "but it's not likely that he can do this very long."

Persons: Sam Altman, Altman, —, Sam Altman's, OpenAI, Mira Murati, Altman hasn't, Fiss, Elon, Patricia Lenkov, Lenkov, Jeffrey Sonnenfeld, Sonnenfeld Organizations: Service, Business, Bloomberg, University of Southern, Apple, Twitter, JPMorgan, Yale University's School of Management, Yale, Leadership Locations: OpenAI, University of Southern California

☆ OpenAI will need to prove it's in the public's best interest as it becomes a for-profit company
▼ + stars: | 2024-10-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

But strategy advisors say it'll need to get more serious about defining its public benefit. Unlike traditional for-profit businesses, which are primarily focused on maximizing shareholder value, public benefit corporations must balance stakeholder interests with those of their employees and customers. Investors can also question why a company isn't progressing on its stated public benefit. It will also need to define its "public benefit" as part of its new corporate charter, he added. So as OpenAI restructures, the pressure is now on the company to clearly articulate its public mission and show that it's serious about it.

Persons: —, OpenAI, Axios, Travis Borden, Keene, OpenAI's, Borden, Altman, Ilya Sutskever, Jan Leike, Mira Murati, restructures, Jens Dammann Organizations: Service, Legal, Institute, Cornell Law School, Keene Advisors, University of Texas School of Law, Business Locations: Silicon, Delaware, —

☆ OpenAI chair Bret Taylor talks AI agents, regulation and the tech's current boom
▼ + stars: | 2024-10-10 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Bret Taylor, board chairman of OpenAI, joined CNBC's Squawk on the Street Thursday to discuss his artificial intelligence startup Sierra. Taylor co-founded Sierra in March of 2023, and it aims to help companies build AI agents that can interface directly with their customers. AI agents vary in their complexity, but they can generally help users answer questions, automate processes and perform specific tasks, according to the company's website. Sierra is already valued at around $4 billion, and Taylor said he is excited to build an "enduring company." Taylor joined OpenAI's board after the company's CEO Sam Altman was briefly ousted last fall.

Persons: Bret Taylor, CNBC's Squawk, Taylor, We're, Sam Altman, Mira Murati Organizations: OpenAI, Sierra, Google, Big Tech Locations: Silicon, U.S

☆ OpenAI is accusing Elon Musk of harassing the startup. It's the latest escalation in a long-running feud.
▼ + stars: | 2024-10-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI has fired back at Elon Musk's latest lawsuit. Musk's lawyers have argued that OpenAI executives "deceived" him into cofounding the company. AdvertisementIn response to Musk's lawsuit, OpenAI called it the latest move in Musk's "increasingly blusterous campaign to harass OpenAI for his own competitive advantage." "OpenAI is dedicated to the safe and beneficial development of artificial general intelligence ("AGI")," OpenAI's lawyers said in a court filing on Tuesday. A long-running feudIn March, Musk first sued OpenAI on similar grounds but later dropped the suit in June.

Persons: OpenAI, —, Musk, Tesla, Sam Altman, He's, xAI, Ilya Sutskever's, Mira Muta, Ilya Sutskever Organizations: Elon, Service, Musk, Business, Microsoft Locations: Musk's

☆ I went to Colombia for the first time. It was an exciting 10 days, but there are a few things I'd skip next time.
▼ + stars: | 2024-10-08 | by ( Mira Miller | ) www.businessinsider.com time to read: +1 min

My partner and I spent 10 days in Colombia exploring the South American country. Go to newsletter preferences Thanks for signing up! You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementColombia has blossomed into a popular tourist destination — in 2023, the South American country welcomed 5.9 million international visitors, a 24.3% increase from the year prior. If you're planning to visit the South American gem anytime soon, here's everything I'd recommend doing and skipping on your trip.

Persons: —, I'd Organizations: Rosario, Service Locations: Colombia, Cartagena, Serrezuela, Minca, American

☆ OpenAI backer Vinod Khosla on why all the executive departures may be a good thing, taking on Elon Musk, and fixing AI's image problem
▼ + stars: | 2024-10-08 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

Khosla Ventures was the first investor in OpenAI when it switched to a "capped-profit" model in 2018. When OpenAI switched from a non-profit to a "capped-profit" company in 2018, he put his money where his mouth was when Khosla Ventures stepped forward with the first check. While some notable earlier investors sat out this round, such as Sequoia Capital, sat out this round, Khosla Ventures doubled down. "There's plenty of companies in the public markets that have higher revenue multiples with much lower growth than OpenAI," Khosla said during an interview this week. Advertisement"I think a number of people who left recently really want to start something of their own, but the organization is also being rationalized for agility and speed," Khosla said.

Persons: Khosla, —, Vinod Khosla, OpenAI, Mira Murati, Ilya Sutskever, Andrej Karpathy, John Schulman, Sam, Altman, Sutskever, X, 4chan Khosla, Donald Trump, Elon Musk, Musk Organizations: Khosla Ventures, Service, Sequoia Capital, 4chan, 4Chan Locations: OpenAI, Silicon Valley, It's

☆ See the Ocean Heat Fueling Hurricane Milton, in One Chart
▼ + stars: | 2024-10-07 | by ( Raymond Zhong | Mira Rojanasakul | ) www.nytimes.com time to read: +3 min

Source: Brian McNoldy; University of Miami Upper Ocean Dynamics LabSee the Ocean Heat Fueling Hurricane Milton, in One ChartThe energy that supercharged Hurricane Milton into a Category 5 storm on Monday came from the waters of the Atlantic Ocean, which have been abnormally warm not just at the surface, but at depth, too. The seas absorb most of the extra heat that carbon dioxide and other greenhouse gasses trap near Earth’s surface. So the same human-caused forces that have been bringing abnormal heat to towns, cities and landscapes are helping to warm the oceans. Ocean heat content is a metric that captures the amount of thermal energy stored from the sea surface down through the ocean depths. “It’s felt like an entire hurricane season has taken place over the past few weeks,” Dr. Wood said.

Persons: Jan, Brian McNoldy, Milton, Helene, Kim Wood, “ It’s, ”, Wood Organizations: University of Miami Upper Ocean Dynamics, Hurricane Milton, National Centers for Environmental, University of Arizona Locations: Gulf of Mexico, Gulf, Mexico, Milton, Asheville, N.C

☆ There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI
▼ + stars: | 2024-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +8 min

There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.

Persons: Cerebras, —, Andrew Feldman, Ramsey Cardy Cerebras, here's, Abu, Cerebras —, Altman's OpenAI, OpenAI, Elon Musk's xAI, OpenAI's, Ilya Sutskever, Gary Marcus, OpenAI's Sam Altman, David Sacks, Darius Rafieyan, Mira Murati, Mark Zuckerberg, Andrej Sokolow, frothiness, Jensen Huang, Alex Heath, Rahul Prasad, Snapchat Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, Bloomberg, OpenAI, LLMs, Financial Times, Anthropic, Craft Ventures, Tiger Global, The New York Times, Getty, company's Connect, Meta, Orion Locations: Sunnyvale, Abu Dhabi, Silver, Saudi, Silicon Valley, —

☆ OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity
▼ + stars: | 2024-10-03 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. The base credit line is $4 billion, with an option to increase it by an additional $2 billion. Led by Thrive Capital, which planned to invest $1 billion, investors included existing backer Microsoft as well as chipmaker Nvidia. SoftBank, Khosla Ventures, Altimeter Capital, Fidelity Management & Research Company, MGX and Tiger Global also participated, according to sources familiar with the situation. Earlier this year, OpenAI was valued at a reported $80 billion, up from $29 billion in 2023.

Persons: Sam Altman, OpenAI, Goldman Sachs, Morgan Stanley, Mira Murati, Bob McGrew, Barret Zoph, Altman, Bret Taylor, Sam, Taylor Organizations: CNBC, JPMorgan Chase, Citi, UBS, HSBC, Microsoft, Nvidia, SoftBank, Khosla Ventures, Fidelity Management & Research Company, Tiger Global, The New York Times Locations: Santander, Wells Fargo, SMBC

☆ OpenAI's latest funding round could be a bargain or a bust for investors
▼ + stars: | 2024-10-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The high-profile startup announced the closing of a $6.6 billion funding round that valued it at $157 billion. And more exits could be coming since OpenAI is reportedly working on allowing its employees to sell their shares in the company . Win McNamee and Didem Mente/Anadolu Agency via Getty Images; Jenny Chang-Rodriguez/InsiderIt's important to remember OpenAI's eye-popping valuation is just that … a valuation. Which gets us back to $157 billion OpenAI.

Persons: —, Elon Musk's, Josh Kushner's, Cathy Wood's, Chase, Here's, Mira Murati, Kevin Weil, Rob Price, OpenAI, Sam Altman, Win McNamee, Didem, Jenny Chang, Rodriguez, Brad Gerstner, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Elon, Elon Musk's SpaceX, Venture, Microsoft, Nvidia, Anadolu Agency, Getty, Big Tech Locations: Silicon Valley, New York, London

☆ Here's where OpenAI's 11 cofounders are now
▼ + stars: | 2024-10-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +7 min

Most of OpenAI's cofounders have left the startup, with some going to rivals. Here's where all 11 of its cofounders are now and how many remain at the $157 billion company. Here's where all of the 11 cofounders are now. According to her LinkedIn profile, she used to work at Facebook as an AI research engineer before joining Stripe as a software engineer in 2016. OpenAI and none of its 11 cofounders immediately responded to Business Insider's requests for comment, made outside normal working hours.

Persons: it's, Sam Altman, —, OpenAI, Mira Murati, Barret Zoph, Bob McGrew, Ilya Sutskever, John Schulman, Anthropic, Jason Redmond, Altman, John Schulman Schulman, OpenAI's, Jan Leike, Schulman, Wojciech Zaremba Zaremba, Zaremba, Ekon, Musk, Ilya Sutskever Ilya Sutskever, JACK GUEZ, Getty Sutskever, Sustkever, Sustskever, Greg Brockman Brockman, he's, Kingma, Andrej Karpathy Andrej Karpathy, Karpathy, Vicki Cheung Cheung, Elon, Elon Musk, ALAIN JOCARD, Brockman, cofounding OpenAI, Pamela Vagata Vagata, Trevor Blackwell Blackwell, cofounders Organizations: Here's, Service, Getty, OpenAI's Superalignment, OpenAI, Inc, Google DeepMind, Anthropic, Tesla, San Francisco Chronicle, Hearst Newspapers, Getty Images Research, Eureka Labs, SpaceX, The Boring Company, Facebook Locations: AFP, OpenAI, cofounding, Pebblebed

☆ OpenAI will let employees sell some stock after its monster fundraising round
▼ + stars: | 2024-10-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

OpenAI workers may soon be allowed to sell their shares in the AI firm, The Information reported. The report cited a memo sent to employees that said details on stock sales were being worked out. OpenAI raised $6.6 billion in its latest fundraising round. AdvertisementWorkers at OpenAI may soon get the opportunity to sell some of their shares in the company, The Information reported, citing a company memo. The move to allow employees to cash in follows the ChatGPT creator's $6.6 billion fundraising round.

Persons: OpenAI, —, Sarah Friar, OpenAI's, Friar, Sam Altman, Mira Murati Organizations: Service, Microsoft, Nvidia, Wall Street Locations: OpenAI

☆ OpenAI executive says the startup has a 'great bench' after CTO's abrupt departure
▼ + stars: | 2024-10-02 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

OpenAI exec Kevin Weil told BI the company has a "great bench" after CTO Mira Murati abruptly quit. AdvertisementThe hundreds of attendees at Ray Summit, an AI conference in San Francisco, were originally hoping to hear from Mira Murati, the chief technology officer of OpenAI, on Wednesday. AdvertisementIn a brief interview with Business Insider immediately afterwards, Weil praised Murati while downplaying the impact of her departure. Weil, a former Instagram executive, highlighted Mark Chen as an example of the talent still around at OpenAI. "So I'm really excited to partner with him and I'm really optimistic about what we're building."

Persons: Kevin Weil, Mira Murati, Weil, —, Murati, Robert Nishihara, OpenAI, Mira, I've, Mark Chen, Chen, you've, I'm, Jane Street, Sam Altman, Ilya Sutskever, superalignment, Jan Leike, John Schulman, Barret Zoph, Bob McGrew, Bob, we've, We've Organizations: Service, Ray Summit, Business, Integral Technology, MIT Locations: OpenAI, San Francisco, Silicon

☆ Tiger Global is backing OpenAI in new $6.6 billion investment round
▼ + stars: | 2024-10-02 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +2 min

OpenAI announced it raised $6.6 billion in new funding at a $157 billion post-money valuation. Tiger Global Management is part of this round, according to two sources familiar with the matter. AdvertisementTiger Global Management is doubling down on OpenAI, investing in the ChatGPT maker's massive new funding round, according to a source familiar with the matter. OpenAI announced Wednesday it raised $6.6 billion in new funding at a $157 billion post-money valuation. AdvertisementThe closure of OpenAI's new funding round comes just a week after three of its top leaders suddenly resigned.

Persons: OpenAI, Tiger, —, couldn't, Chase Coleman, Mira Murati, Bob McGrew, Barret Zoph Organizations: Tiger Global Management, Service, Global Management, Bloomberg, ARK Venture Fund, Microsoft, Nvidia, Fidelity, Tiger Global, Research, Post

Search resuls for: "Mira"

25 mentions found