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In today's big story, we're looking at highlights from two of the world's biggest tech companies' earnings reports, including how much layoffs cost for one of them. Tech: Tech CEOs will testify before Congress today for a hearing on child safety. Mateusz Wlodarczyk/Getty ImagesThere's been plenty of speculation about what Google's mass layoffs last year meant for its famous culture. Jerod Harris/Getty ImagesCongress is set to grill some of the biggest names in tech today. Leaders from Meta, X, TikTok, and other tech companies will face questions over their platforms' efforts to protect children from sexual exploitation online.
Persons: It's, Sundar Pichai, Mateusz Wlodarczyk, Sarah Jackson, Satya Nadella Stephen Brashear, Hisham Ibrahim, Jerome Powell's, Claudia Sahm, Powell, Linda Yaccarino, Jerod Harris, Linda Yaccarino's, Jack Dorsey's Block, Dorsey, Brooks Kraft, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Business, Tech, Google, Microsoft, Getty, Bloomberg, JPMorgan, Meta, Elon Musk's, Brooks Kraft LLC, Los Angeles Times, UPS, Bureau of Labor Statistics, Amazon, Boeing, Mastercard Locations: Chipotle, New York, London
Chaos at OpenAI ensues
  + stars: | 2023-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
In today's big story, we're looking at the continued fallout from the shocking Sam Altman ouster at OpenAI. Altman is alive and well, but his run as CEO of OpenAI ended abruptly on Friday. But in the days since his firing, he's escaped a messy weekend looking like the ultimate hero, Business Insider's Katie Notopoulos writes. To be fair, Microsoft CEO Satya Nadella and OpenAI CEO Emmett Shear don't seem to know why either. Meanwhile, Salesforce's Marc Benioff is already actively recruiting OpenAI employees on X.
Persons: , Sam Altman, Altman, OpenAI, he's, Katie Notopoulos, Altman isn't, Ilya Sutskever —, Sutskever, Kali Hays, Satya Nadella, Emmett Shear, Satya Nadella Stephen Brashear, Julie Bort, Microsoft's Nadella, Nadella, that's, Madeline Renbarger, That's, It's, Kali, Ashley Stewart, Salesforce's Marc Benioff, Scott Olson, Bridgewater's, Greg Jensen, Jim Chanos, Elon, New York Jefferson Siegel, Nvidia's, Jensen Huang, execs, Elon Musk, Linda Yaccarino, Arantza Pena Popo, Camila Téllez, Melkorka, Téllez, Carly Rae Jepsen, Björk, Colleen Ballinger, Clinton, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Microsoft, Getty, BlackRock, Reuters, Nvidia, Elon, HP, Nordstrom, Clinton Lee Locations: OpenAI, Silicon Valley, Bridgewater, New York, Texas, Millennials, New York City, San Diego, London
Microsoft bet billions on OpenAI — its gamble is already paying off. Some analysts said Microsoft's successful integration of AI signals that it has already pulled ahead of Google. They even projected that Microsoft's cloud service Azure could be on track to surpass long-dominant Amazon Web Services. My teammate Paayal Zaveri highlights how Microsoft's AI wager has made it a surprising leader in tech's hottest field. He hit $2 million by the end of 2020, and in 2022 alone, he sold $4 million worth of products.
Jumpman, jumpman, jumpman, Nadella's up to something (cloud). Microsoft reported earnings on Tuesday, and its cloud growth is slowing down. But CEO Satya Nadella shared his plan for how Microsoft can rebound with the economy. But Microsoft sees this as an opportunity to assist customers with stretching their IT dollars. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Matt Weinberger (tweet @gamoid) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.
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