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Sam Altman faces scrutiny amid massive OpenAI shakeup
  + stars: | 2024-09-26 | 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 EmailSam Altman faces scrutiny amid massive OpenAI shakeupCNBC's Kate Rooney and Deirdre Bosa report on top executives departing from OpenAI, the shift in the company's vision, and the scrutiny CEO Sam Altman is now facing.
Persons: Sam Altman, CNBC's Kate Rooney, Deirdre Bosa Locations: OpenAI
Sally Rooney's award-winning novels have sold millions of copies and been adapted into hit shows. With her latest book "Intermezzo" hitting shelves this week, the 33-year-old is sticking with what has worked for her. For Rooney, whose novels explore the complexity of interpersonal relationships with themes like identity and love, changing things up for the sake of changing things up isn't appealing. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Sally Rooney's, Rooney, Austen, Henry James, Dostoyevsky Organizations: New York Times, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with MercadoLibre CEO Marcos GalperinMarcos Galperin, MercadoLibre CEO, joins CNBC's Kate Rooney to discuss how the e-commerce and payments company ballooned to dominate the Latin American market, and why it's emerging as a top pick on Wall Street as investors look for tech opportunities.
Persons: Marcos Galperin Marcos Galperin, Kate Rooney
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA former Twitter employee's victory in a legal dispute over unpaid severance could prompt more ex-staff to pursue cases against the social media company, legal experts have said. AdvertisementThe ex-Twitter worker's win is the first of what experts say could lead to many more similar resolutions. X and Musk are also facing a lawsuit over severance terms from 100 former Twitter workers who were fired in 2022. Related storiesBloom said they are still aggressively pursuing their cases and have scheduled individual arbitration hearings for each of the clients.
Persons: , Elon, Elon Musk, Shannon Liss, Riordan, Jamie E, Wright, Russel Morgan, Morgan, Lisa Bloom, Musk, Bloom, Gary Rooney, Rooney, Liss Organizations: Service, Twitter, Bloomberg, Business, Elon, The Wright Law, Morgan Legal, Northern District of, Workplace Relations Locations: Elon Musk's, Northern District, Northern District of California
One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. "There was no venture capital for Latin America. Last year, venture-backed companies in Latin America raised $3.3 billion across nearly 1,000 deals, according to PitchBook. E-commerce and online payments are steadily growing, and Latin America has a young, mobile-savvy population of more than 600 million people. "When you look at the penetration of e-commerce in Latin America, it's still quite low compared to the U.S., Europe or Asia," Galperin told CNBC.
Persons: Marcos Gaplerin, Brad Gerstner, Gerstner, CNBC's Scott Wapner, Goldman Sachs, It's, Buenos Aires Galperin, Galperin, MercadoLibre, We've, it's Organizations: Nasdaq, Wall Street, Stanford Graduate School of Business, CNBC, Stanford, eBay Locations: Delaware, Brazil, Argentina, Mexico, Chile, South America, Mercado Pago, Buenos Aires, Palo Alto , California, California, America, Silicon Valley, New York, Sand, West, Latin America, U.S, Europe, Asia
Read previewA major maritime workers strike is looming, and it could mean a shutdown of key goods — from cars to food — across the East and Gulf Coasts. AdvertisementA strike would have widespread implications across the US, with significant shipment delays that could set off a chain reaction of disruptions. Advertisement"We are coordinating with partners across the supply chain to prepare for any potential impacts," Steve Burns, a PANYNJ spokesperson, told BI. She referred to estimates from Sea-Intelligence, which predicted that a strike would prevent 74,000 shipping containers from being unloaded each day. "Throughout the pandemic, Longshore workers never took a day off," ILA Executive Vice President Dennis Daggett said on September 20.
Persons: , Harold Daggett, Abe Eshkenazi, USMX, Mia Ginter, Robinson, Ginter, Bethann Rooney, Jonathan Gold, Mitre, Steve Burns, Grace Zwemmer, Biden, Dennis Daggett Organizations: Service, Gulf Coasts, Longshoreman's Association, Business, ILA, Association for Supply Chain Management, National Association of Manufacturers, United States Maritime Alliance, Port Authority of New, National Retail, New Jersey, Bureau of Transportation Statistics, Oxford Economics, Intelligence Locations: East, Gulf, Gulf Coast, East Coast, Port Authority of New York, New Jersey, West Coast, New York, New, Houston
DOJ files antitrust lawsuit against Visa, court records show
  + stars: | 2024-09-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ files antitrust lawsuit against Visa, court records showCNBC's Kate Rooney joins 'The Exchange' to report on the U.S. Department of Justice filing an antitrust lawsuit against Visa.
Persons: Kate Rooney Organizations: Visa, U.S . Department of Justice
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercadoLibre: Argentinian e-commerce giant outperforms mega-cap techMercadoLibre, the Argentinian e-commerce giant, is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. Kate Rooney breaks down the bull case.
Persons: Kate Rooney
Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley's artificial intelligence darlings. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, according to data from Pitchbook. Few venture funds have deep enough pockets to compete with the multibillion-dollar checks coming from the likes of Microsoft and Amazon . MGX was launched as a dedicated AI fund in March, with Abu Dhabi's Mubadala and AI firm G42 as founding partners. For the U.S., having sovereign wealth funds invest in American companies, and not in global adversaries like China, has been a geopolitical priority.
Persons: Goldman Sachs, Prince Mohammed bin Salman's, Uber, LIV, UAE's Mubadala, MGX, Abu Dhabi's Mubadala, Anthropic, Andreessen Horowitz, Jamal Khashoggi, It's, Bpifrance, WeWork spiraled, Jared Cohen, there's Organizations: United, CNBC, Microsoft, Gulf Cooperation Council, Saudi Public Investment Fund, Abu, Abu Dhabi Investment Authority, Qatar Investment Authority, BlackRock, Global Infrastructure Partners, Saudi, U.S, Saudi Company, Artificial Intelligence, Washington Post, SoftBank, Goldman Sachs Global Institute Locations: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Pitchbook, Abu Dhabi, Temasek, Singapore, China, UAE
Middle East funds flowing into AI
  + stars: | 2024-09-20 | 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 EmailMiddle East funds flowing into AICNBC's Kate Rooney joins 'Power Lunch' to explain how sovereign wealth funds in the Middle East are shifting to AI investments.
Persons: Kate Rooney
"A number of ocean carriers have announced their plans in terms of embargoing export cargo coming to the East Coast from the Midwest," said Rooney. Once the strike is over the Coast Guard would lead the charge in an orderly flow of vessels entering the port." "While the APAC region typically has more options to shift freight to the West Coast, over half of the automotive freight coming in today is heavily dependent on the East Coast. Port of New York/New Jersey has joined other ports that have publicly posted strike contingency plans. The vessels scheduled to come into the East Coast and Gulf ports have been traversing the ocean since early to mid-August.
Persons: Beth Rooney, Rooney, Jim Mancini, CH Robinson, Biden, Taft, Hartley, We've, Harold Daggett Organizations: CNBC, International Longshoreman's Association, ILA, Cruise, United States Maritime Alliance, Port Authority of New, Coast Guard, Maersk, Port, Bloomberg, Getty, Transportation, U.S ., Biden, Logistics Locations: of New York, New Jersey, North America, East, Gulf Coasts, Port Authority of New York, New York, East Coast, Maersk Atlanta, Newark, Newark , New Jersey, US, North, Europe, Oceania, Latin America, Asia, West Coast, Germany, Charleston, Savannah, U.S . West Coast, Port, Houston, Mobile , Alabama
On another intractable issue, the Israel-Hamas war, Harris was strong on aspiration, vague on specifics and seemed to fall on both sides of the issue. Former President Donald Trump and Vice President Kamala Harris debate for the first time at the National Constitution Center on September 10, 2024, in Philadelphia. And Harris might be smart to avoid taking positions that could scare off disaffected Republicans and moderate suburban voters she’s seeking to win over. Voters want to know more about HarrisStill, recent polls show that the vice president has a window of opportunity to court voters who want to learn more about her. … She needs to be more direct.”From left to right, second gentleman Doug Emhoff, Vice President Kamala Harris, Minnesota first lady Gwen Walz and Minnesota Gov.
Persons: Kamala Harris, Donald Trump —, Harris, , , Biden, she’s, Bill Clinton, Sen, Elizabeth Warren of, Trump, , chunky, Joe Biden, it’s, Donald Trump, Win McNamee, Getty, , Harris ’, Dick Cheney, Liz Cheney, “ Kamala Harris, ” Linda Rooney, Nikki Haley, CNN’s John King, Rooney, Antonio Munoz, I’ve, ” Munoz, King, Doug Emhoff, Gwen Walz, Tim Walz, Angela Weiss, She’s, ” Harris, Hillary Clinton scoffed, ” Clinton, Kara Swisher ” Organizations: CNN —, Democratic, Tuesday’s National Association of Black Journalists, Oval, Republican, National Constitution Center, Biden, Wyoming, New York Times, Siena College, CNN, South Carolina Gov, GOP, Trump, Minnesota Gov, Pittsburgh International Airport, Getty Locations: Israel, Elizabeth Warren of Massachusetts, Philadelphia, Ukraine, doesn’t, Nevada, Minnesota, generalities, Harris
CNN —Since joining Manchester City, Erling Haaland has broken record after record, setting expectations for himself that are seemingly impossible to reach. Yet, somehow, he has continued breaking records this season, scoring nine goals in just four Premier League games – the most prolific start to a season ever, surpassing the previous best of eight set by Wayne Rooney. Haaland has been so dominant this season that his individual total of nine goals is more than any Premier League team, except his own Manchester City, has managed between them. And, on Saturday, only the width of a goalpost denied the Norwegian star an unprecedented run of hattricks in three consecutive Premier League games. Already, Haaland has become the fastest player to reach 50 Premier League goals, doing so in just 48 games – 17 faster than Andrew Cole’s previous record.
Persons: Erling Haaland, Wayne Rooney, Haaland, Naomi Baker, Ederson’s, Andrew Cole’s, Thierry Henry, “ He’s, ” Lineker, you’re, Organizations: CNN, Manchester City, Premier League, Premier League team, Brentford, City, Bees, BBC, CNN Sport Locations: Manchester, Norwegian
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber stock rises on plans to expand its partnership with Alphabet's WaymoCNBC's Kate Rooney joins 'The Exchange' to report on Uber as the ride-sharing giant announced its partnership with Alphabet's Waymo.
Persons: Alphabet's Waymo CNBC's Kate Rooney, Uber, Alphabet's Waymo
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Tiger Global is planning to join OpenAI's buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to sources familiar with the situation. Thrive Capital is leading the round and plans to invest $1 billion. Microsoft , Nvidia and Apple are reportedly in talks to join as well. Earlier this year, OpenAI was valued at a reported $80 billion, up from $29 billion the prior year.
Persons: Sam Altman, OpenAI's, Tiger Global's, OpenAI, Growth, — CNBC's Kate Rooney Organizations: Tiger Global, Microsoft, Nvidia, Apple, OpenAI, Anthropic, Google, White, U.S, CNBC
Harris’ campaign is also leveraging the endorsement of Taylor Swift, which could open a new seam of interest among the pop megastar’s loyal fanbase. The former president also Wednesday publicly toyed with the idea of a second debate, after the Harris campaign challenged him to another round. There’s a case for the vice president folding her tent given that she might not be able to repeat Tuesday’s performance. He weaved a dismissal of the Swift endorsement for Harris into a wider attack on the vice president on Fox News. The Trump campaign is sure to keep up its drumbeat of complaints that she’s avoiding deeper media scrutiny.
Persons: CNN —, Donald Trump, Kamala Harris, Harris, Trump, Joe Biden’s, Taylor Swift, goad Trump, Philippe Reines, Hillary Clinton, CNN’s Kaitlan Collins, Reines, State Clinton, Joe Biden, Michael Bloomberg, Sen, JD Vance, Michael M, Biden, Mike Bloomberg, Andrew Bates, ” Bates, Robert F, Kennedy Jr, Kennedy, ” Harris “, ” Kennedy, , Mike DeWine, he’s, smarting, doesn’t, SSRS, ” Vance, John Murtha Johnstown, Mandel Ngan, CNN’s MJ Lee, CNN’s John King, “ Kamala Harris, Linda Rooney, Nikki Haley Organizations: CNN, Democratic National Convention, Trump, State, New York City, Museum, Republican, New, Fox News, ABC News, Republican Party, Ohio’s Republican Gov, Fox, ABC, , Boxing, UFC, Fighter, Truth, Air Force, Getty, Harris, Democratic, South Carolina Gov Locations: Philadelphia, , New York, New York City, Shanksville , Pennsylvania, untruths, Springfield , Ohio, Cambria, Airport, Johnstown , Pennsylvania, AFP, Wilmington , Delaware
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo cannot expand into certain high risk areas without permission, regulator saysCNBC's Kate Rooney joins 'Power Lunch' to discuss the Office of the Comptroller of the Currency issuing an enforcement action against Wells Fargo due to deficiencies in its risk management practices.
Persons: Kate Rooney, Wells Organizations: Currency
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAffirm CEO talks growth and expansion plans at Goldman Sachs Communacopia ConferenceCNBC's Kate Rooney sits down with Affirm CEO Max Levchin to talk growth, expansion plans, the political landscape and more.
Persons: Goldman, Kate Rooney, Max Levchin Organizations: Goldman Sachs
CNN —Joan London knew when Tuesday’s debate began she would not vote for Donald Trump. Until this week’s debate in Philadelphia, though, she planned to honor her conservative principles and write in some other Republican. Her decision to back Vice President Kamala Harris was the most significant shift in the reaction we received from this group of voters during the debate and in its immediate aftermath. “Trump came off as irrational and desperate.”Vice President Kamala Harris speaks during the presidential debate at the National Constitution Center in Philadelphia on September 10. Doug Mills/The New York Times/Bloomberg/Getty ImagesOther Harris voters delighted in her success distracting and rattling Trump.
Persons: Joan London, Donald Trump, “ Harris, , Ronald Reagan’s, Nikki Haley, Trump, Kamala Harris, Chris Mudd, “ Trump, Kamala, ” Lisa Reissman, Harris, ” Reissman, Saul Loeb, Joe Biden, Biden, Davette Baker, Larry Malinconico, “ Kamala Harris, Linda Rooney, Haley, Rooney, “ She’s, ” Rooney, , “ Kamala, Cynthia Sabatini, ” Sabatini, Sabatini, “ I’m, Antonio Munoz, Munoz, ” Munoz, Zoila Sanchez, Sanchez, “ Donald Trump, ” Allen Naparalla, Naparalla, Doug Mills, Marvin Boyer, Donald, Natalya Orlando, Priscilla Forsyth, “ Kamala Harris ’, Rachel Kulak, Jaclyn Taylor, “ Kamala didn’t, ” Billy Pierce, ” Debbie Katsanos, Betsy Sarcone, Stanley Tremblay, we’ve, ” Gina Cilento Organizations: CNN, Republican, South Carolina Gov, , Trump, GOP, National Constitution Center, African American Democratic, Lafayette College, ” Voters, Harris, Media, Reagan Republican, Las, New York Times, Bloomberg, Getty, Trump loyalists, Democratic Locations: London, Berks County, Philadelphia, United States, Ukraine, Russia, Cedar Falls , Iowa, Wisconsin, Milwaukee, Northampton County , Pennsylvania, Delaware County, Las Vegas, Nevada, Cedarburg , Wisconsin, , New Hampshire, Sioux City , Iowa, Richmond , Virginia, Iowa, South Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO: We've put in work to diversify the business to benefit in lower rate environmentVlad Tenev, Robinhood CEO, joins CNBC's Kate Rooney to discuss how Robinhood clients are reacting to market volatility, how important Nvidia is to retail investors, and how much of a priority crypto is to the company.
Persons: We've, Vlad Tenev, Kate Rooney
Cate Blanchett touched down in Toronto for a wide-ranging talk about creative conflict on film sets, making big-budget films “risky,” and why her six-time Oscar-nominated film “Carol” struggled to find funding. “We want the numbers,” Blanchett said (though she didn’t specifically name-drop “Disclaimer” maker Apple, which, like most streamers, tends to shield its audience metrics). “At one point, another director was going to do it, and he got sort of taken off the project,” Blanchett said. That prompted her to step away as well, until Haynes expressed interest in the project and got Blanchett back on board. … Anything that gives you the time to think long thoughts and think uncomfortable thoughts, because being an actor, it’s pretty uncomfortable a lot of the time.
Persons: Cate Blanchett, Oscar, Carol ”, Blanchett, Alfonso Cuarón’s, Guy Maddin’s, , ” Blanchett, didn’t, , Todd Haynes, I’ve, Carol, Rooney Mara, Haynes, “ Carol, , Barbie ’, “ Indiana Jones, “ Thor, it’s, you’re Organizations: Alfonso Cuarón’s Apple, Royal Alexandra Theatre, Apple, , NBC Locations: Toronto, Kingdom
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Recently released documents detailed the commission's decision, revealing new details about Rooney's case and Twitter's human-resources practices under Musk's direction. Three days later, he received a second email from HR saying it was acknowledging his "decision to resign and accept the voluntary separation offer." Slack messages could just as easily be used as evidence in a sexual-harassment case, Camfield added. However, employers need to train employees to understand that company policies extend to Slack and that their information is not private, she said.
Persons: , Gary Rooney, Elon Musk, Musk, Rooney, Robyn Hopper, Stefanie Camfield, Noah Berger, Camfield, hasn't, wasn't, it's, Hopper, Slack, That's Organizations: Service, Twitter, Elon, Business, Workplace Relations, Society for Human Resource Management, Engage, Slack Employers Locations: Dublin, Ireland
Read previewIt took 16 years to make "The Crow" reboot, but now it's finally out, critics say the Bill Skarsgård-fronted comic book movie is "repulsive" and "unfathomably awful." "The Crow" was finally released on Thursday, and the reviews are terrible. The Guardian's Benjamin Lee described the reboot as "unfathomably awful," and criticized Skarsgård and Twigs' performance. However, that isn't always the case — especially for comic book movies. AdvertisementUnfortunately, "The Crow" appears to fall into that category rather than reaching the heights of the beloved 1994 movie.
Persons: , it's, Skarsgård, Eric Draven, Shelly, It's, James O'Barr's, Brandon Lee, Draven, Jason Momoa, Luke Evans, Bradley Cooper, Eric, Kirsty Puchko, David Rooney, Witney Seibold, Benjamin Lee, Christopher Nolan's, isn't Organizations: Service, Business, Lionsgate, Hollywood, Witney Locations: Hollywood
Elon Musk emailed Twitter workers in 2022 telling them to commit to a "hardcore" culture — or quit. But Gary Rooney argued he didn't resign simply because he didn't click "yes" on the email. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA former Twitter employee has reportedly been awarded 550,000 euros — about $600,000 — after he was dismissed for failing to respond to Elon Musk's email demanding an "extremely hardcore" work culture.
Persons: Elon Musk, Gary Rooney, didn't, , Elon Organizations: Twitter, Ireland, Service, Guardian, Workplace Relations Commission, Business Locations: Dublin
Cameron Spencer | Getty ImagesThe U.S. and China each won 40 gold medals in the first Summer Games draw in Olympic history, with the Americans pulling into a tie Sunday with victory in the last event, women's basketball. China's Li Wenwen won gold in women's heavyweight weightlifting in what could have been a death knell for American hopes to capture overall gold. U.S. hopes were dimmed further when Chicago native Kennedy Blades, who made a surprising run to the gold medal wrestling match, lost to 76-kg rival Yuka Kagami of Japan. Gold medalist Simone Biles of Team USA poses during the artistic gymnastics women's all-around final medal ceremony on Aug. 1. Patrick Smith | Getty Images Sport | Getty Images
Persons: Cameron Spencer, China's Li Wenwen, Yuka Kagami, Jennifer Valente, Noah Lyles, Breanna Stewart, Cheryl Reeve wryly, hasn't, Simone Biles, Tom Weller, voigt, Anastasiia Kirpichnikova, Katie Ledecky, Isabel Gose, Quinn Rooney, Lee Kiefer, Lauren Scruggs, Eleanor Harvey of Canada, Patrick Smith Organizations: Eiffel, Rings, Olympic Games, Getty, U.S, France, China, Chicago, Kennedy Blades, Team USA, USA, WNBA, didn't, Summer, " Unified, Soviet, Games Locations: Paris, France, China, U.S, Japan, Italy, San Diego, Beijing, Norway, Germany, Soviet Union, Barcelona, Tokyo, Rio, London
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