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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI might not exist anymore if board holdouts don't step down, says The Verge's Nilay PatelNilay Patel, The Verge editor-in-chief, joins CNBC's Steve Kovach and Jon Fortt for a Special Report surrounding the leadership turmoil at OpenAI, Microsoft's reaction, and more.
Persons: Nilay Patel Nilay Patel, Steve Kovach, Jon Fortt Locations: OpenAI
Wall Street believes its soft-landing dream is on the verge of coming true. That is prompting a fresh wave of demand for stocks. Markets have rallied since last week’s consumer-inflation report came in softer than expected. Many analysts and portfolio managers said they expect the gains to pick up heading into year-end, reflecting a sense that markets have faced down their most significant challenge: the potential for rising bond yields to crimp economic activity, reduce demand for stocks and send the U.S. economy into recession.
Locations: U.S
OpenAI and Altman did not reply to requests for comment. Kholsa Ventures, an early backer of OpenAI, wants Altman back at OpenAI but "will back him in whatever he does next," the fund's founder Vinod Khosla posted on X on Saturday. Others expressed support for joining Altman in starting a company, a third person familiar with the matter said. Tech website The Verge earlier reported the OpenAI board's discussions with Altman to return as CEO. Forbes reported on Saturday investors were plotting to restore Altman as CEO.
Persons: Sam Altman, Altman, Vinod Khosla, Altman's, Elon Musk, Greg Brockman, OpenAI, Brockman, Szymon Sidor, Sidor, Jony, SoftBank, Masayoshi Son, Brad Lightcap, Forbes, Krystal Hu, Anna Tong, Jeffrey Dastin, Gursimran, Chizu Nomiyama, Kenneth Li, William Mallard Organizations: Microsoft, Kholsa Ventures, Union, U.S, Altman, Reuters . Tech, Thomson Locations: OpenAI, New York, San Francisco, Gursimran Kaur, Bengaluru
OpenAI investors are pushing to reinstate Sam Altman, according to Bloomberg and The Wall Street Journal. On Friday, Altman, co-founder of OpenAI, was abruptly removed from his role as CEO. People familiar with the discussions told Bloomberg and The Journal that investors are pressuring the OpenAI's board to reinstall Altman. On Friday, Altman, co-founder of OpenAI, was removed from his role as CEO, blindsiding many within the company and its biggest investor, Microsoft. With Altman out of the company, Mira Murati, OpenAI's chief technology officer and a former Tesla employee, was appointed interim CEO.
Persons: Sam Altman, Altman, Greg Brockman, , Mira Murati, Sam, Brockman Organizations: Bloomberg, Street, Service, Business, Microsoft, OpenAI, Tesla, New York Times
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. "Sam and OpenAI were the catalyst that showed the world what AI tech is capable of," Jannsen said. Silicon Valley's high-profile startup CEO firings typically involve wrongdoing, rather than just philosophical differences about where the company is headed. "Sam Altman is a hero of mine," former Google CEO and investor Eric Schmidt said in an X post. — CNBC's Lora Kolodny contributed to this report WATCH: OpenAI says Sam Altman exiting as CEO because 'board no longer has confidence.'
Persons: Sam Altman, Carlos Barria, OpenAI, Steve Jobs, Altman, , Jobs, U.S . Altman, Mark Zuckerberg, Jeff Bezos, Elon Musk, Greg Brockman, Brockman, Ron Conway, Greg, Brian Chesky, Matt Schlicht, Schlicht, Sam, Ryan Jannsen, Jannsen, Patrick Moorhead, They're, Moorhead, Josh Wolfe, Wolfe, he'd, Eric Schmidt, Tom Williams, Airbnb's Chesky, what's, Chesky, Satya Nadella, Zachary Lipton, Carnegie Mellon's Lipton, Lipton, — CNBC's Lora Kolodny Organizations: Economic Cooperation, Reuters, ChatGPT, Apple, U.S ., Amazon, Tesla, Microsoft, Tiger, Sequoia Capital, CNBC, Google, Lux Capital, Cq, Inc, Getty, Carnegie Mellon University, Industry Locations: Asia, San Francisco , California, U.S, Silicon Valley, OpenAI, what's,
And that’s for people who are not even running for president. For President Biden, who turns 81 on Monday, another birthday may bring more liability than revelry, offering one more reminder of his age to an already skeptical electorate. Unlike other presidents who have celebrated birthdays with lavish political events, Mr. Biden plans to observe his milestone privately with family in Nantucket later this week. The best birthday gift the oldest president in American history could hope for would be a strategy for assuaging voters’ concerns, but that has been hard to come by. If Mr. Trump wins next year and serves out four years, he would take over the status as the country’s oldest president.
Persons: Biden, Mr, Donald J, Trump, Barack Obama, Obama Organizations: Republican Locations: Nantucket, Hungary, Turkey
Elon Musk once banned meetings of more than two employees at X, author of "Breaking Twitter" says. Ben Mezrich told Business Insider that Musk was paranoid while CEO of X, formerly Twitter. AdvertisementElon Musk grew so paranoid when he was CEO of X, formerly Twitter, that he banned meetings of more than two employees, the author of "Breaking Twitter" told Business Insider. Mezrich has said he gained "unique access to Twitter employees and Musk's confidants." In an article published in January, The Verge reported that large meetings had been banned at Musk's "hardcore" Twitter.
Persons: Elon Musk, Ben Mezrich, Musk, , Mezrich, Tesla, Musk's, Amir Shevat Organizations: Service, Twitter Locations: Elon
AdvertisementIf Sam Altman can't be convinced to return to OpenAI, Microsoft is in trouble. All of which means that the biggest loser if Altman can't be convinced to return isn't Altman. This OpenAI board is way over its head and the failed coup is now backfiring," investor Dan Ives, an analyst at Webush, told Business Insider. OpenAI only gave Microsoft a few minutes advance warning before announcing Altman's ouster, sources told Business Insider. Earlier this month the company made over 100 announcements of integrations with OpenAI tech across Microsoft's AI tools, AI models, tools in its cloud, the company told Business Insider.
Persons: OpenAI, Sam Altman, Altman, Webush's Dan Ives, , VCs, Vinod Khosla, Greg Brockman, Altman wasn't, isn't Altman, Satya Nadella, Sam, Dan Ives, Brockman, Mira Murati, he's, Ives, ChatGPT Organizations: Microsoft, Service, Khosla Ventures, Chiefs, Nadella, Business, OpenAI, Google Locations: @OpenAI, Mira, Silicon Valley, OpenAI
In a country like France this is ‘unimaginable’Though 5,000 miles away from mainland France, under French law, Mayotte is as French as the suburbs of Paris. A dried up reservoir in Dzoumogne on the French Indian Ocean island of Mayotte on October 15, 2023. Gregoire Merot/APAs the water crisis continues, so do the health risks. ‘It’s not a normal life’A man fills a bucket with water in Dzaoudzi, on the French Indian Ocean island of Mayotte, Nov. 7, 2023. Marion Joly/AFP/Getty ImagesMahorais continue to struggle with the financial repercussions of the dire water crisis.
Persons: Racha Mousdikoudine, , Mousdikoudine, Douainda Attoumani, “ I’m, , Cook, Olivier Brahic, Estelle Youssouffa, it’s, Marion Joly, Gregoire Merot, Soumeth Abasse, Abasse, “ We’ve, “ We’re, ” Abasse, Youssouffa, that’s, ‘ It’s, Elsa Leduc, ” Leduc, we’ve Organizations: CNN, Mayotte –, Getty, Regional Health Authority, French National Assembly, Mayotte’s, , European Commission, Prefecture, BFMTV Locations: Mayotte, Africa, Mozambique, Madagascar, Prefecture, France, Paris, Chafion Madi, AFP, La, Dzoumogne, M'tsamoudou, Bandrele, Dzaoudzi
Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsCompanies Microsoft Corp FollowNov 18 (Reuters) - The OpenAI board is in discussions with Sam Altman to return as the CEO of the company, The Verge reported Saturday, citing multiple people familiar with the matter. Reporting by Gursimran Kaur in Bengaluru; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
Persons: Sam Altman, OpenAI, Chuck Schumer, Julia Nikhinson, Gursimran Kaur, Cynthia Osterman Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Microsoft, Thomson Locations: Washington , U.S, Bengaluru
OpenAI investors are pushing to bring back Sam Altman as CEO one day after he was ousted by the board, according to people familiar with the matter. Sequoia Capital has also been in contact with Altman, a person familiar with knowledge of the matter told CNBC. Sequoia also informed Microsoft that it would back efforts to bring back Altman and Brockman, the person said. The Verge first reported on the talks to bring back Altman. In addition to ousting Altman, the company removed Brockman, the chairman, from his board leadership position but said he would remain as president.
Persons: Sam Altman, Altman, Greg Brockman, it's, Sequoia, Brockman, Altman didn't, Mira Murati Organizations: Microsoft, Tiger Global, Sequoia Capital, CNBC, Sequoia Locations: Silicon Valley, OpenAI
In wartime Russia, soaring prices bite as election looms
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +5 min
When she goes through the snow to the shops, she inspects the prices to search for bargains. Prices for disposable nappies and baby food have at least doubled, she said. While many families across the world are grappling with price rises, the peculiarities of Russia's wartime economy have spurred high inflation for millions of Russian voters ahead of the 2024 election. Putin is expected to run in next year's election, a move that would keep him in power until least 2030. Igor Lipits, a Russian economist, said official Russian data on levels of poverty were poor - as was the overall picture for the Russian economy - despite often rosy announcements aimed at pleasing the Kremlin leadership.
Persons: Sergei, Stepanova, Vladimir Putin, Putin, Igor Lipits, Lipits, Lyudmila, Guy Faulconbridge, Alexandra Hudson Organizations: West, Reuters, U.S, stoke, Monetary Fund, Central Bank, Alexandra Hudson Our, Thomson Locations: SREDNEURALSK, Russia, Ukraine, Stepanova, Sredneuralsk, Lake Iset, Yekaterinburg, Moscow, United States, Russian, St Petersburg
How an Indian startup hacked the world
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +41 min
The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.
Persons: Chuck Randall, Randall, , ” Randall, , Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, , Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, , ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, , ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, , Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, , Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, , U.S, Islip, Shinnecock, Washington, cyberespionage
REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 15 (Reuters) - General Motors' (GM.N) tentative labor deal with the United Auto Workers (UAW) union closed in on ratification as the votes were counted on Wednesday. This would mark the first ratification of a deal, which runs through April 2028, with one of the Detroit Three automakers. The Arlington plant, with about 5,000 UAW members, has the most of any GM plant. Only nine facilities are still listed without vote totals on the UAW vote tracker, including GM's Lockport, New York, components plant with about 1,200 members. Currently, about 66% of Ford workers who have voted are in favor of the UAW deal, and about 72% of Stellantis workers have so far voted in favor, according to UAW figures.
Persons: Rebecca Cook, Stellantis, Tesla, David Shepardson, Ben Klayman, Matthew Lewis Organizations: General Motors, REUTERS, United Auto Workers, UAW, Detroit, Detroit Three, Ford, GM's, GM, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Arlington, Fort Wayne , Indiana, , Missouri, GM's Lansing Grand, Lansing Delta, Detroit, Fairfax , Kansas, Orion , Michigan, Lockport , New York, Michigan, Washington
Pano Christou started working at the British sandwich franchise Pret a Manger when he was 21. AdvertisementPano Christou was 21 when he started at Pret a Manger as a store manager in London. As Pret's CEO, Christou was paid more than £4 million in 2021, including a salary of £400,000, per The Guardian . CEO is the position he's held the longest, followed by general manager, which he held for four years. Maintain good relationships with managementThe CEO said that having great managers he gelled with helped his ascension at Pret.
Persons: Pano Christou, Christou, , Pret, they're, he's, Andrew Walker, Walker, didn't, gunning, I've, Zers Organizations: Service, Blockbuster, Guardian, Pret, Pret's Locations: Pret, London, New York, McDonald's, Pret's
Sinner digs deep to down Djokovic in ATP Finals cracker
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +3 min
Sinner has enjoyed his best year on Tour and now has 59 match wins in 2023, but none would have given him more pleasure than taking down six-time ATP Finals champion Djokovic. "In the second set tiebreak he played a bit better than me but I think I was brave in the big moments. Sinner made his move at 5-5 in the opening set as Djokovic briefly lost focus after leading 40-0 on serve. A double-fault at deuce was cheered by the crowd and Sinner then converted the break with two punishing backhands. When Sinner then moved 6-5 ahead on serve, Djokovic sat in his chair and conducted the jeers before a calm service hold sent an epic tussle into a shoot-out.
Persons: Novak Djokovic's, Stefanos Tsitsipas, Holger Rune, deafening, Rune, Djokovic, Hubert Hurkacz, Sinner, Carlos Alcaraz, backhands, Martyn Herman, Toby Davis Organizations: ATP, Group, Wimbledon, Amazon, Thomson Locations: TURIN
But the cost of crude oil has been largely declining since the middle of October. The average for a gallon of gas in the United States, meanwhile, dropped to $3.37, according to AAA. This “steady, if slow” decline in gas prices, said an AAA spokesperson, may soon gain speed if oil prices continue their descent. They’re more concerned with economic weakness in China and an increase in oil production in the United States. In the first week of November, US crude oil production reached a new record of 13.2 million barrels per day.
Persons: ” David Kelly, , ” David Morrison, refiners, ” Craig Erlam, Brent, Chris Isidore, , Ted Decker, Refinitiv, Read, Homebuyers Organizations: CNN Business, Bell, New York CNN, AAA, Asset Management, Federal Reserve, Trade, China’s National Bureau of Statistics, . West Texas Intermediate, International Energy Agency, Revenue, National Association of Realtors, Census Locations: New York, Europe, Saudi Arabia, Russia, United States, China, Iran, America, United
Lt. Gen. Richard Clark was hired last week to become the CFP's second executive director, replacing the retiring Bill Hancock. Mistrust and misaligned priorities among the conference commissioners who manage the CFP — triggered by realignment — along with leadership turnover in some leagues, snarled the expansion process. The next big item on the table for the College Football Playoff is negotiating a new television deal. The playoff is a small part of the changes coming to major college football. Sign up here___AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
Persons: Richard Clark, Bill Hancock, Clark, , they’ve, Hancock, ” Clark, ” Hancock, Mark Keenum, Keenum, Ralph D, Russo, ___ Organizations: Air Force Academy, Air Force, CFP, Mississippi State, College Football Playoff, ESPN, College, Big, Southeastern Conference, Atlantic Coast Conference, AP Locations: Mississippi
Photos suggest the giant wiper might actually be made of multiple wipers attached to each other. AdvertisementAdvertisementAs more details surface about Tesla's long-awaited Cybertruck, one feature that's gotten a lot of attention is the Cybertruck's ridiculously large windshield wiper. New photos seem to reveal that it might actually be multiple wiper blades stacked in a row on top of each other. Is the Cybertruck’s wiper actually multiple wipers in a row? The added windshield wiper now rests vertically alongside the driver's side of the windshield when not in use.
Persons: Organizations: Service
In the decades-long effort to resolve the conflict between Israelis and Palestinians, it has seemed to many like the least flawed among many imperfect ideas: the two-state solution. It would create an independent Palestinian state, made up of Gaza and the West Bank, that would exist alongside Israel. The goal has become official policy of most governments around the world and has been the basis for peace talks for years. That said, some faith in the idea somehow persists, even amid the worst fighting in the history of the conflict. In recent days, President Biden and his counterparts in Britain, France and elsewhere have newly championed the two-state solution as the best path toward peace.
Persons: Biden, Organizations: West Bank Locations: Gaza, Israel, Britain, France
Two recession indicators are on the verge of flashing as the unemployment rate ticks higher and the yield curve uninverts. "With labor supply increasing, we're not sure the Sahm rule, even if it triggers, would really be indicative of a recession." AdvertisementAdvertisementThere are two recession indicators that are on the verge of flashing, but even if they do flash stock market investors can rest easy. Last month, the unemployment rate rose to 3.9%, up 50 basis points from its cycle low of 3.4% in April. "That's why a small increase in the unemployment rate can be really bad news, because it keeps going," she explained.
Persons: we're, , Carson, Sonu Varghese, Sahm, Claudia Sahm, Varghese Organizations: Service, CNBC, Treasury
A Microsoft software update forced some users to answer a survey before they closed OneDrive. It told The Verge in a statement: "Between Nov. 1 and 8, a small subset of consumer OneDrive users were presented with a dialog box when closing the OneDrive sync client, asking for feedback on the reason they chose to close the application. Perhaps Microsoft hoped the poll would reveal why some users don't like a system that offers only an all-or-nothing approach to storing files. AdvertisementAdvertisementPart of the problem has been Microsoft's insistence on pushing the clunky and unpopular OneDrive cloud storage system on users. X users were also not umimpressed with the change, with one pointing out that using Microsoft was "quickly becoming an abusive relationship."
Persons: , Microsoft's OneDrive, I'm, they're, clingy, It's, We're, Clippy Organizations: Microsoft, Service
Oil prices may be due for a pop after their recent struggles, according to two analysts. International benchmark Brent is down 3.7% this week, while U.S. West Texas Intermediate futures have lost nearly 4%. Flynn said virtually everyone in the market right now is short oil futures. "You could easily mount a recovery here because we're probably the most oversold in a year in the market," said Flynn. OPEC+ will meet in two weeks and could take action to defend prices while there's still a low risk of regional war.
Persons: Phil Flynn, Flynn, we're, Hossein Amir, Abdollahian, Qatar's Sheikh Mohammed bin Abdulrahman, Maximilian Layton, there's, Layton Organizations: Brent, U.S, West Texas, Price Futures, Iranian, Iran's Press, Citi Locations: Europe, China, Qatar's Sheikh Mohammed bin Abdulrahman Al Thani, Gaza, OPEC, Israel, Iran
Its founders believe their screenless AI Pin will usher in an era beyond the typical smartphone. The Verge wrote that the documents showed the AI Pin is essentially a "$699 wearable smartphone without a screen." The AI Pin hopes to trounce the smartphoneHumane's founders, ex-Apple designers Imran Chaudhri and Bethany Bongiorno, envision their AI Pin as the first step toward a world that's moved beyond the typical smartphone and tech addiction. At a TED Talk in April, Chaudhri demonstrated showing the AI Pin a Milky Bar and asking it if he could eat the candy. The Coperni fashion show in Paris during Paris Fashion Week, September 29 2023.
Persons: , Imran Chaudhri, Bethany Bongiorno, Julia Black, Chaudhri, iNvxbSmYUk, 0GqAiR2reT, Jonas Gustavsson, Naomi Campbell Organizations: Service, Apple, OpenAI's, TED, Paris, The Washington, Getty Locations: Paris
CNN —Everyone wants a piece of Erling Haaland at the moment and that sentiment seems to extend to Manchester City’s opposition. At halftime of City’s 3-0 win against Young Boys in the Champions League group stage on Tuesday, Haaland was asked for his shirt by opposition captain Mohamed Ali Camara. When asked about the incident during his post-match press conference, Young Boys manager Raphael Wicky said he was “surprised.”“I didn’t see that. Haaland, 23, has now scored 39 goals in just 34 Champions League appearances and already sits 20th in the all-time scoring list. He is also on the verge of breaking the record for fewest appearances to reach 40 goals in the Champions League.
Persons: Erling Haaland, Haaland, Mohamed Ali Camara, City, Phil Foden, Raphael Wicky, , I’m, , Camara, Pep Guardiola, It’s, ” Guardiola, Carl Recine, Ballon d’Or, I’d, Ally McCoist, Ruud van Nistelrooy Organizations: CNN, Young Boys, Champions League, Manchester City, Reuters Young Boys, Bournemouth, Scotland, TNT Sports, League, RB Leipzig Locations: Manchester, Camara, Swiss, Norwegian
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