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☆ The world is splitting between those who use ChatGPT to get better, smarter, richer — and everyone else
▼ + stars: | 2023-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

There is growing evidence that artificial intelligence tools such as ChatGPT can make you more efficient and capable at work. And the effect will be particularly noticeable if no one else in the company is using AI in this way. All said that outsourcing time-consuming, small jobs to AI tools freed up their time. AI at work still needs careful handlingThere are obvious caveats to using AI to do your work for you. Some companies also have specific rules for AI tools due to fears around copyright or data security.

Persons: ChatGPT, —, OpenAI's, techies, Google's, Matt Calkins, Appian, It's, Shakespeare, Shona Ghosh Organizations: Service, Harvard Business School, Boston Consulting, Developers, Microsoft, Workers

☆ Sam Altman says he harbors 'zero ill will' towards former OpenAI board member Ilya Sutskever
▼ + stars: | 2023-11-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

OpenAI's Sam Altman says he has "zero ill will" towards cofounder Ilya Sutskever. Sutskever, a former OpenAI board member, had previously voted to fire Altman as CEO. AdvertisementOpenAI CEO Sam Altman says he has no hard feelings towards former board member Ilya Sutskever. Besides reinstating Altman, OpenAI welcomed a new initial board comprising Bret Taylor, Larry Summers, and Adam D'Angelo. Taylor, who is OpenAI's new board chair, said on Wednesday that OpenAI backer Microsoft would be given a non-voting board observer seat.

Persons: OpenAI's Sam Altman, Ilya Sutskever, Altman, Sutskever, —, Sam Altman, Ilya, Sutskever didn't, Sam, Alex Weingarten, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Taylor Organizations: Service, New York Times, The Times, Microsoft, Business Insider Locations: OpenAI

☆ Top 10 things to watch in Thursday's stock market, including Jim Cramer's Benioff interview
▼ + stars: | 2023-11-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Citi raises Club holding Costco (COST) price target to $585 per share from $530, citing an acceleration of November sales. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion.

Persons: Marc Benioff, Einstein, Jeff Marks, Charles Munger, Warren Buffett's, Charlie, Peter Arduini, Jim Cramer's, Jim Cramer, Jim, Andrew Caballero, Reynolds Organizations: Nasdaq, Dow, UAW, General Motors, Citi, Club, Costco, Barclays, Company, NBA, GE Healthcare, Nvidia, Brands, Barrick, Jim Cramer's Charitable, CNBC, Economic Cooperation, APEC, AFP, Getty Locations: U.S, Asia, San Francisco , California

☆ Salesforce shares are deservedly rewarded after a stellar quarter and a rosy outlook
▼ + stars: | 2023-11-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Bottom line It was another terrific quarter from Salesforce with steady, double-digit revenue growth and a continued operating margin uplift, leading to a huge increase in earnings per share. Additionally, the topline growth story has some game to it, thanks to the surge in interest in its Data Cloud. By Cloud unit, the most exciting performance in the quarter came from the Data Cloud. Revenue growth accelerated to 22% from 16% in the prior quarter, and the company said it added 1,000 new customers in the quarter alone. Artificial intelligence is driving the interest in the Data Cloud, as more customers seek to use Mulesoft's integration technology to unlock data across legacy systems, cloud apps, and devices.

Persons: Salesforce, Marc Benioff, management's, Salesforce's headcount, Salesforce's, Jim Cramer's, Jim Cramer, Jim, Nicholas Kamm Organizations: Revenue, LSEG, CNBC, Salesforce, Economic, Washington, AFP, Getty Locations: Americas, Africa, Asia, headcount, Washington ,

☆ Salesforce CEO lauds data cloud business, says new customers drove the quarter's success
▼ + stars: | 2023-11-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Salesforce CEO Marc Benioff told CNBC's Jim Cramer what contributed to his company's better-than-expected Wednesday earnings report, highlighting his cloud data business and artificial intelligence product Einstein GPT. Benioff said Salesforce added a thousand new Data Cloud customers over the quarter and called that business "the cherry at the top of the cake." The company's Data Cloud revenue was up 22% from the previous year. For your enterprise, you have to get your data together, and that's why Salesforce Data Cloud is so important, and it's why we did those thousand Data Cloud deals in the quarter." The company's revenue increased 11% from the previous year, jumping from $7.84 billion to $8.72 billion.

Persons: Marc Benioff, CNBC's Jim Cramer, Einstein, Benioff, Salesforce, threating Organizations: LSEG

☆ AI fatigue, sales challenges, and the problem of getting big: Inside growing tension at AWS
▼ + stars: | 2023-11-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

For Amazon, AWS is more important than ever. Targets missedAWS is falling short of reaching sales goals in its startups and small-business segments, two employees told BI. Burnout and attritionSeveral AWS employees also pointed to high turnover as a major point of concern. AWS employees told BI it still remains to be seen how all these changes will manifest in the months to come. "The most significant single sentiment we feel is uncertainty," one of the AWS employees told BI.

Persons: Matt Garman, Garman, Mark Shmulik, Bernstein, Rob Munoz, Munoz, Charlie Bell, Rachel Thornton, Chris Vonderhaar, Peter DeSantis, DeSantis, Andy Jassy Mike Blake, AWS's, Prasad Kalyanaraman, Kalyanaraman, Amazon's, Bard, Adam Selipsky, Adam Selipsky Noah Berger, Selipsky, Andy Jassy, Jeff Bezos, Jassy, Geekwire Organizations: Amazon Web, AWS, Business, Amazon, SMB, Enterprise, Reuters, Microsoft, Google, BI Locations: Las Vegas, AMZN's, billings

☆ Amazon announces new AI chip as it deepens Nvidia relationship
▼ + stars: | 2023-11-28 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

It led to a shortage of Nvidia's chips as companies raced to incorporate similar generative AI technologies into their products. Amazon's own Trainium2 chips are built for training AI models, including the sort that AI chatbots like OpenAI's ChatGPT and its competitors run on. More than 50,000 AWS customers are already using Graviton chips, Amazon said. Finally, as part of its deepening relationship with Nvidia, AWS said it will operate more than 16,000 Nvidia GH200 Grace Hopper Superchips, which contain Nvidia GPUs and Nvidia's Arm-based general-purpose processors. AWS didn't announce release dates for virtual-machine instances with Nvidia H200 chips, nor instances relying on its Trainium2 silicon.

Persons: Maia, Grace Hopper Superchips, Deepwater's Gene Munster Organizations: Services, Nvidia, Microsoft, Big, Intel, AMD, AWS Locations: Las Vegas, Graviton

☆ AI tools such as ChatGPT are generating a mammoth increase in malicious phishing emails
▼ + stars: | 2023-11-28 | by ( Bob Violino | ) www.cnbc.com time to read: +6 min

"It is not a coincidence that the launch of ChatGPT at the end of last year coincides with the timeframe in which we saw exponential growth of malicious phishing emails," Harr said. On average, 31,000 phishing attacks were sent on a daily basis, according to the research. Since the fourth quarter of 2022, there's been a 1,265% increase in malicious phishing emails , and a 967% rise in credential phishing in particular, according to a new report by cybersecurity firm SlashNext. Another reason for such a high increase in phishing attacks is because they are working, Harr said. Another good practice is to implement email filtering tools that use machine learning and AI to detect and block phishing emails.

Persons: Harr, Patrick Harr, there's, Chris Steffen, Prince of, Steffen Organizations: BEC, Enterprise Management Associates Locations: Brooklyn, New York, American, Prince of Nigeria

☆ From Nvidia to Meta, these 9 companies are hiring the most generative AI talent
▼ + stars: | 2023-11-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Companies are actively hiring workers with generative AI skills. Advertisement"We were surprised to see the proliferation of generative AI skills being required in jobs that are not developing these technologies," Kane said. JOSH EDELSON/AFP via Getty ImagesMeta has released a number of AI projects, including AI chatbots and Ray-Ban Smart Glasses. AdvertisementAmazon's is currently hiring for a generative AI data scientist to work on the AWS team. It's currently hiring for an advanced AI research scientist and responsible AI advisor.

Persons: —, Layla O'Kane, Kane, Mark Zuckerberg, JOSH EDELSON, PNNL, Artur Widak, Anthropic, It's, there's Organizations: Meta, Service, Getty, Capital, Pacific Northwest National Laboratory, US Department of Energy, AWS, Accenture, Nvidia, Microsoft Locations: AFP, Asia

☆ 3 things to watch in the stock market as Street aims to extend winning streak
▼ + stars: | 2023-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

(Treasury yields tend to move inversely to stock prices; as yields fall investors seeking better returns move money back into the stock market). The chipmaker once again came into its quarterly print with super-high expectations on the Street, but once again exceeded them . For this reason, we put more emphasis on monthly economic releases, such as the aforementioned personal spending report. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Dow, Estee Lauder, Einstein, Jim Cramer's, Jim Cramer, Jim, Locker, Jeff Greenberg Organizations: Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, TJX, Bank of Nova, Elbit Systems, Intuit, Hewlett Packard Enterprise, Hormel, Kroger, KR, Academy Sports, TD Bank, Royal Bank of Canada, Dell Technologies, Bank of Montreal, BMO, Jim Cramer's Charitable, CNBC, Universal, Getty Locations: Bank of Nova Scotia, AMBA

☆ I tried Microsoft's AI-powered assistant, Copilot. The tool helpfully attends meetings and summarizes emails, but it's best to treat it as a rookie intern.
▼ + stars: | 2023-11-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

The tool can go to meetings for you, write emails, and summarize documents. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The AI-productivity tool can summarize documents, write emails, and go to meetings for you. When enabled on a Teams call, Copilot can record meetings, provide a transcript, and separate the subjects discussed into clips called "chapters." Microsoft encourages companies to train their workers not to treat AI like an infallible search tool.

Persons: Copilot, —, It's, it's, OpenAI's GPT, company's DALL, Bing Organizations: Microsoft, Service, Workers

☆ Yes, Sam Altman is back as OpenAI's CEO, but we still have lots of unanswered questions
▼ + stars: | 2023-11-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

We now know Sam Altman's returning to the company after being fired, but we are still very confused. AdvertisementSam Altman is set to return as CEO of OpenAI after one of the most confusing weeks in Silicon Valley history. Why was Sam Altman suddenly fired as CEO of OpenAI? Ilya Sutskever, OpenAI's chief scientist who was rumored to play a central role in Sam Altman's ousting, was committed to AI safety. Commentators had speculated that Microsoft would be after an OpenAI board seat — or at least a more formalized communication system — in the wake of the fallout.

Persons: It's, Sam Altman's, —, Sam Altman, Greg Brockman, Altman, Alistair Barr, Yann LeCun —, Ilya Sutskever, OpenAI, ChatGPT, Adam D'Angelo, Satya Nadella, Nadella, Brockman, Kara Swisher, OpenAI should've, would've, Sam, Elon Musk, Peter Welinder Organizations: Service, Microsoft, OpenAI, Big Tech, Bloomberg, The New York Times, Atlantic, Ofc Locations: OpenAI, Silicon Valley

As Open AI employees celebrated the return of CEO Sam Altman with a five-alarm office party , OpenAI software engineer Steven Heidel was busy publicly rebuffing overtures from Salesforce CEO Marc Benioff. Heidel was one of more than 700 OpenAI employees who's threatened exodus halted a would-be mutiny at one of Silicon Valley's most important AI companies. He was previously a scientist at Facebook AI Research and worked as a member of Google Brain under supervision of Prof. Geoffrey Hinton and Ilya Sutskever. Alec Radford: Radford was hired in 2016 from a small AI company he founded in his dorm room. Tao Xu : technical staff, worked on GPT4 and WhisperChristine McLeavey : technical staff, with contributions to music-related productsChristina Kim : technical staffChristopher Hesse : technical staffHeewoo Jun : technical staff, researchAlex Nichol : technical staff, researchWilliam Fedus: technical staff, researchIlge Akkaya: technical staff, researchVineet Kosaraju : technical staff, researchHenrique Ponde de Oliveira Pinto : technical staffAditya Ramesh : technical staff, developed DALL-E and DALL-E 2Prafulla Dhariwal : research scientistHunter Lightman : technical staffHarrison Edwards : research scientistYura Burda : machine language researcherTyna Eloundou : technical staff, researchPamela Mishkin : researcherCasey Chu : researcherDavid Dohan : technical staff, researchAidan Clark : researcherRaul Puri : research scientistLeo Gao : technical staff, researchYang Song : technical staff, researchGiambattista ParascandoloTodor Markov : Machine learning researcherNick Ryder : technical staff

Persons: Sam Altman, Steven Heidel, Marc Benioff, Heidel, Altman, Mira Murati, Murati, Brad Lightcap, Lightcap, Jason Kwon, Kwon, Wojciech Zaremba, Geoffrey Hinton, Ilya Sutskever, Alec Radford, Radford, OpenAI, Peter Welinder, He's, Github Copilot, Anna Makanju, Andrej Karpathy, OpenAI's, Michael Petrov, Petrov, Greg [ Brockman, Miles Brundage, Brundage, John Schulman OpenAI, Srinivas Narayanan, Scott Grey, Grey, Bob McGrew, Research Che Chang, Lillian Weng, Safety Systems Mark Chen, Frontiers Research Barret Zoph, Peter Deng, Jan Leike Evan Morikawa Steven Heidel Jong Wook Kim, Tao Xu, Christine McLeavey, Christina Kim, Christopher Hesse, Heewoo, Alex Nichol, William Fedus, Henrique Ponde de Oliveira Pinto, Aditya Ramesh, Hunter Lightman, Harrison Edwards, Yura, Tyna, Pamela Mishkin, Casey Chu, David Dohan, Aidan Clark, Raul Puri, Leo Gao, Yang, Giambattista Parascandolo Todor Markov, Nick Ryder Organizations: Business, BI, OpenAI, Khosla Ventures, Facebook, Research, Google, Tesla, U.S . Department of Energy, Oxford University, Safety Systems, Frontiers Research Locations: Albania, Canada, OpenAI

☆ How Meta could benefit from the OpenAI shakeup
▼ + stars: | 2023-11-22 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

It could help Meta boost its open-source Llama AI initiatives, as some companies look to diversify away from relying on a single company's large language model. Its AI research team is considered, with Alphabet's DeepMind, one of the most esteemed groups in the tech industry. Yann LeCun, Meta's AI chief, responded to the post with a curt "Yup." Meta could benefit if companies continue to seek multiple AI vendors, much like firms now rely on multiple cloud providers. The more developers access and improve Llama, the more Meta can potentially lower its overall operating and technology research costs, among other benefits.

Persons: Mark Zuckerberg, Sam Altman's, There's, Satya Nadella, Altman, Nadella, Zuckerberg, Meta, Alphabet's DeepMind, MSFT, Yann LeCun, curt, Yup, Sam Altman Organizations: Microsoft, Meta, Technologists, Twitter, CNBC

At his startup Log10, Bansal oversees the production of tools that third-party developers can use to build LLM-powered applications. Since the OpenAI drama unfolded, Bansal told CNBC the startup's instability was a reason customers cited. A spokesperson for OpenAI declined to comment but said the startup's services are working again following three hours of issues. One founder of an AI startup, who asked not to be named in order to discuss internal matters, said he uses multiple application program interfaces from OpenAI and has considered switching to offerings from Anthropic, the AI startup founded by former OpenAI executives with backing from Amazon and Google . The source, who previously worked alongside Shear, said Shear is "very smart" and admires his integrity.

Persons: Jaap Arriens, Sam Altman, Arjun Bansal, Bansal, Altman, Emmett Shear, Satya Nadella, OpenAI, Greg Brockman, There's, Shear, he's, Martin Kon, Kon, Anthropic, Srinivas Narayanan, Steven Heidel, Nadella, CNBC's Jon Fortt Organizations: Nurphoto, CNBC, Microsoft, Amazon, Google Locations: OpenAI, LLMs, Anthropic

☆ Opinion | The Unsettling Lesson of the OpenAI Mess
▼ + stars: | 2023-11-22 | by ( Ezra Klein | ) www.nytimes.com time to read: +3 min

In my reporting, the best explanation I’ve heard for the board’s decision, as poorly communicated as it was, is that it fired Altman for the precise reason it said it fired Altman. “It would be wise to view any investment in OpenAI Global LLC in the spirit of a donation,” it warned. Satya Nadella, Microsoft’s chief executive, didn’t have the power to stop OpenAI’s board from firing Altman, but he did have the power to render the action hollow. He announced a new advanced innovations division, to be led by Altman (and the OpenAI president Greg Brockman, who resigned in solidarity with Altman) and staffed by any OpenAI employees who’d like to join. By Wednesday, Altman was back as chief executive of OpenAI and all but one of the board members had resigned.

Persons: I’ve, Altman, ”, OpenAI, Helen Toner, ” OpenAI, Satya Nadella, didn’t, Greg Brockman, weirdly, Ilya Sutskever, who’d, —, Meta’s Organizations: Microsoft, Google, OpenAI

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 20 (Reuters) - OpenAI's board of directors approached rival Anthropic's CEO about replacing chief Sam Altman and potentially merging the two AI startups, according to two people briefed on the matter. The news, reported earlier by The Information on Monday, follows various reported calls to find Altman's successor days after OpenAI's board ousted him. OpenAI declined to comment and board member Adam D'Angelo did not immediately respond to a request for comment. On Sunday the board offered ex-Twitch CEO Emmett Shear to be its interim chief, who accepted. By Monday, nearly all of the startup's more than 700 employees threatened to quit, including one of its executives on OpenAI's now four-person board.

Persons: Dado Ruvic, Sam Altman, Dario Amodei, OpenAI's, OpenAI, Adam D'Angelo, Emmett Shear, Altman, Anthropic, Claude, Jeffrey Dastin, Urvi, Nivedita Bhattacharjee, Sam Holmes Organizations: REUTERS, Sunday, Microsoft, OpenAI, Google, Thomson Locations: San Francisco, Bengaluru

Revenue for the quarter ended Sept. 30 was 34.45 billion yuan ($4.72 billion), compared with analysts' estimates of 34.33 billion yuan, according to LSEG data. Baidu has in recent years focused increasingly on AI, creating a self-driving vehicle and investing heavily in generative AI, which is capable of creating text, images and other media. Baidu's Chief Financial Officer Rong Luo said the firm will continue to prioritise AI investments, especially in generative AI and foundation models, to power its growth. Baidu's online marketing revenue rose 5% in the third quarter to 19.7 billion yuan. During the quarter, Baidu reported adjusted net income of 7.27 billion yuan, up 23% from 5.89 billion yuan for the same period last year.

Persons: Tingshu Wang, Ernie, Rong Luo, Luo, Alibaba, Yuvraj Malik, Varun H, Miral Fahmy, Sharon Singleton Organizations: Baidu, REUTERS, HK, Tuesday, International Monetary Fund, Nvidia, Reuters, Huawei, Thomson Locations: Beijing, China, Washington, Bengaluru, Yelin Mo

The lawsuit is one of several that have been brought by groups of copyright owners, including authors John Grisham, George R.R. Martin and Jonathan Franzen, against OpenAI and other tech companies over the alleged misuse of their work to train AI systems. Sancton's complaint is the first author lawsuit against OpenAI to also name Microsoft as a defendant. "While OpenAI and Microsoft refuse to pay nonfiction authors, their AI platform is worth a fortune," Sancton's attorney Justin Nelson said in a statement. The complaint also said that Microsoft has been "deeply involved" in training and developing the models and is also liable for copyright infringement.

Persons: Dado Ruvic, OpenAI, Julian Sancton, John Grisham, George R.R, Martin, Jonathan Franzen, Justin Nelson, Sancton, Blake Brittain, David Bario, Aurora Ellis Organizations: REUTERS, Microsoft, Hollywood, Thomson Locations: Manhattan, Washington

☆ Marc Benioff is trying to use X to poach talent from OpenAI, and people are having a field day in the comments
▼ + stars: | 2023-11-21 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Salesforce CEO Marc Benioff is trying to get ahead of the race to poach OpenAI's talent. AdvertisementAfter the weekend of chaos at OpenAI, Salesforce CEO Marc Benioff is eyeing an opportunity for new talent. "Lol, like it was ever about compensation," wrote Boris Power, OpenAI's head of applied research, in response to Benioff. "Looking forward to joining Salesforce!" I was the janitor at OpenAI, total comp $1.2m base + $50m equityLook forward to joining Salesforce!

Persons: Marc Benioff, —, Salesforce's Einstein, Lol, Boris Power, ove, ould Organizations: Service, Salesforce's Locations: OpenAI, ife

☆ 'The gorilla is gone for the moment': OpenAI's rivals see ways to profit from a Silicon Valley drama
▼ + stars: | 2023-11-21 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

An in-demand talent pool"Many previously poorly understood secrets will be more widely disseminated across the ecosystem," one European AI founder who spoke on the condition of anonymity said. But European competitors can still benefit from OpenAI's implosion. The startup had been on an uninterrupted run for the past year, said EarlyBird VC partner and Aleph Alpha investor Andre Retterath. The turmoil at OpenAI has also galvanized both AI founders and investors in Europe. The company's top expenditure, besides employee salaries, is manually cleaning and sourcing the data they use to train their models, a European VC said.

Persons: Sam Altman, unseats, Nathan Benaich, Altman, Marc Benioff, Salesforce, Silvio Savarese, Einstein, 1RXoc9ekeo, Benaich, Alpha, EarlyBird, Andre Retterath, Retterath, Mariam Pettit, they've, OpenAI, Andrew Scott, 7percent, David Grimm, Grimm, Rebecca Gorman Organizations: Air Street Capital, Business, Aleph Alpha, Microsoft, Google, Alpha, Global Founders Capital, Albion Locations: Europe, OpenAI

☆ Silicon Valley saw OpenAI with eyes wide shut
▼ + stars: | 2023-11-20 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 19 (Reuters Breakingviews) - Silicon Valley’s weekend episode with artificial intelligence company OpenAI seems much like the technology: the input is a mishmash, so the output is flawed. The Microsoft-backed (MSFT.O) company’s board fired boss Sam Altman, and now, according to reports, may bring him back. OpenAI has been the leader in AI technology, which is bolstering valuations in the face of slowing growth in Silicon Valley. By September, OpenAI was seeking a valuation of nearly triple that, according to Reuters. Yet with or without Altman, OpenAI’s issues are clear and abundant.

Persons: Sam Altman, Altman, Greg Brockman, Satya Nadella, OpenAI, ’, OpenAI’s, chipmaker, chatbot, Brockman, Greg, Lauren Silva Laughlin, Thomas Shum Organizations: Reuters, Microsoft, Stanford, UC Berkley, OpenAI’s, San Francisco, Wall Street, Thomson Locations: Silicon Valley, U.S

☆ Microsoft emerges as big winner from OpenAI turmoil with Altman on board
▼ + stars: | 2023-11-20 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

That was nearly equal to the valuation OpenAI commanded in its last fundraise. "If Microsoft lost Altman, he could have gone to Amazon, Google, Apple, or a host of other tech companies," said Wedbush Securities analyst Dan Ives. We view Microsoft now even in a stronger position with Altman and Brockman at Microsoft running AI. Altman will lead a new research team at the software giant following his surprise ouster by OpenAI that shocked the tech industry. "The OpenAI for-profit subsidiary was about to conduct a secondary at a $80 billion+ valuation.

Persons: Satya Narayana Nadella, Lucas Jackson, Sam Altman, Altman, Dan Ives, Brockman, OpenAI, Greg Brockman, Szymon Sidor, SemiAnalysis, Mira Murati, Aditya Soni, Akash Sriram, Sriraj Organizations: Microsoft, REUTERS, Google, Wedbush Securities, Thomson Locations: Manhattan, New York City, OpenAI, Bengaluru

☆ OpenAI's Ilya Sutskever once burned a wooden effigy to show his commitment to safe AI, report says
▼ + stars: | 2023-11-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Sutskever once burned a wooden effigy to show his commitment to safe AI, The Atlantic reported. AdvertisementIlya Sutskever, a cofounder of OpenAI and its chief scientist, once burned a wooden effigy to show his commitment to creating artificial intelligence aligned with humanity's interests, The Atlantic reported. It appears Altman's dramatic ousting was prompted by fears over the speed of AI development, with Sutskever at the center. The outlet reported that Sutskever commissioned a local artist to make a wooden effigy representing "unaligned" AI. And to symbolize OpenAI's dedication to creating AI in humanity's best interests, Sutskever burnt the effigy, per The Atlantic.

Persons: Ilya Sutskever, Sam Altman's, Sutskever, —, Sam Altman, Greg Brockman, Altman, OpenAI Organizations: Bloomberg, Service, Microsoft, New York Times, Google

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