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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. SemiAnalysis gets deep into the weeds on graphics processing units, from the base of the supply chain to the end-users building the AI models that require so many specialized chips. AdvertisementThe team consists of people across the entire supply chain, geographically and technically. So we have the entire view of the supply chain, from manufacturing, up to models. The other place I like to look a lot is random suppliers that are very small in niche parts of the supply chain, or suppliers of suppliers.
Persons: , Jensen Huang isn't, Dylan Patel, SemiAnalysis, Sam Altman, Patel, Sundar, Altman, Blackwell, Nvidia's, They've, they're Organizations: Service, intel, Google, Business, BI, Nvidia, Microsoft, AMD, Meta Locations: US, Japan, Singapore, Taiwan, France
Google may have taken Sam Altman's apparent dig at its event "aesthetic" into consideration. Google's Made By Google Pixel event featured dim lighting and a simple setup with wood in the background. The event aesthetic draws a sharp contrast from Google I/O and the Made By Google event last year. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The OpenAI CEO made the apparent dig about the vibe of Google's I/O event back in May, and the tech giant seems to have switched up its event staging for its most recent Made By Google event, which took place Tuesday.
Persons: Sam Altman's, Google's, Organizations: Google, Service, Business
Elon Musk has revived a lawsuit against Sam Altman in a federal court, alleging that the Tesla boss was manipulated into co-founding OpenAI, according to a court filing published on Monday. The claims in the new lawsuit are similar to another lawsuit filed by Musk against OpenAI and Altman in California this year, which the Tesla and SpaceX boss ultimately dropped. But as it turns out, this was all hot-air philanthropy—the hook for Altman's long con," the lawsuit claims. CNBC has reached out to Tesla, OpenAI and Microsoft for comment. "While Musk expressed a liking for Microsoft's CEO Satya Nadella ... the values of the company and OpenAI, Inc. did not align," the lawsuit claims.
Persons: Elon Musk, Sam Altman, Tesla, Altman, Greg Brockman, Musk, Brockman, Satya Nadella, CNBC's Jordan Novet Organizations: Microsoft, OpenAI, SpaceX, CNBC, Inc Locations: Ankara, Turkiye, California, Northern California, OpenAI
Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. AdvertisementFor prominent tech figures, there's also a PR dimension to supporting the basic income concept, he said. AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.
Persons: , UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP
Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. Recently, the OpenAI CEO also floated the idea of what he calls "universal basic compute." AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.
Persons: , UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP
Insider Today: The world's meanest app
  + stars: | 2024-07-28 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Buying a home is an absolute disaster, but this 19-year-old real-estate agent has a unique way of showing you homes quickly. On the agenda today:This story is available exclusively to Business Insider subscribers. Getty Images; Jenny Chang-Rodriguez/BIShow me the profitsAs businesses continue to figure out ways to leverage generative AI, investors are starting to wonder: How can this help the bottom line? The world's meanest app.
Persons: , it's, Matt Turner, Stocks, Jenny Chang, Rodriguez, Elon Musk's, Alyssa Powell, They're, Altman's, Alvaro Dominguez, — Mark Moran Organizations: Service, Business, Getty, Apple, Microsoft, Meta, Nvidia, Lazard
Funded in part by OpenAI CEO Sam Altman, the study explored the impact of basic income payments. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The study, funded in part by OpenAI CEO Sam Altman, was driven by Altman's belief that recurring basic income payments might be necessary for an age when AI could make many jobs obsolete. Become an Insider and start reading now.
Persons: OpenResearch's, Sam Altman, Organizations: Service, Business Locations: United States
Read previewOpenAI CEO Sam Altman has a vision for open-source AI, and it's not far from what the company's former cofounder, Elon Musk, has been asking for. But what's notable in Altman's proposal was how he highlighted the role open-source AI models could have in strengthening America's hold on the field. AdvertisementTo be sure, Musk also has some reservations about how open AI models should be. Advertisement"I believe that open source is necessary for a positive AI future," Zuckerberg wrote in a blog post on the same day. "There is an ongoing debate about the safety of open source AI models, and my view is that open source AI will be safer than the alternatives.
Persons: , Sam Altman, it's, Elon Musk, Altman, Altman's, Musk, pummeling Altman, OpenAI, OpenAI's, Ilya Sutskever, Sutskever, Musk didn't, Mark Zuckerberg, Meta, Zuckerberg Organizations: Service, The Washington, Business, Google, Microsoft, OpenAI, Business Insider
Read previewOpenAI CEO Sam Altman has a four-point plan to help the United States retain its dominance in the global AI arms race. To this end, the first step in Altman's plan is to ensure proper safeguards around AI technology. He said that would help create more jobs and establish AI as a "new industrial base" in the United States. He also said the United States needs to invest in developing a new generation of AI innovators, researchers, and engineers. Related storiesThird, the United States should establish more regulations around trade and the transmission of information across borders.
Persons: , Sam Altman, Altman's, Altman, aren't, Axios Organizations: Service, Washington, Business, International Atomic Energy Agency, AI, Internet Corporation, ICANN, United States, Stanford's Institute for, Intelligence Locations: United States, American, United, China
How the hedge fund superstar went extinct
  + stars: | 2024-07-23 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
But for now, we're examining how the hedge fund superstar has gone extinct . The big storySo long, superstarGetty Images; Alyssa Powell/BIWhere have all the hedge fund superstars gone? AdvertisementIn years past, even rubbing shoulders with a legendary hedge fund manager was enough for aspiring fund managers to raise capital. Meanwhile, the hedge fund industry has also evolved. Aaron Weiner, a 31-year-old from Coatue, got a multibillion-dollar check from Millennium for his to-be-launched hedge fund .
Persons: , Kamala Harris, Harris, Alyssa Powell, Insider's Linette Lopez, Julian Robertson, Griffin's, Izzy Englander's, Goldman Sachs, Jared Siskin, Bobby Jain, it's, Aaron Weiner, Jonathan Xiong's, Maja Hitij, Carl Godfrey, Apple, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democratic, Democratic Party Convention, Business, Getty, Management, Goldman, Madison, Park Conservancy, Citadel, Credit Suisse, Jain, ExodusPoint, Investment Partners, Blackstone, Elon Musk's, Big Tech, Bank of America, BI Founders, Forge, Apple, Google, General Motors Locations: Venture, Wall, Park, Coatue, Miami, London, New York
In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.
Persons: , Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London
Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."
Persons: , Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois
Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."
Persons: , Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois
Sam Altman's $27 million mansion is riddled with defects, a lawsuit claims. The lawsuit also claims developer Troon Pacific knew of significant issues before selling the home. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It also claims that the CEO of Troon Pacific was "aware of pervasive and significant defects" with the home but sold it to Altman anyway.
Persons: Sam Altman's, Altman, , Sam Altman Organizations: Troon, Service, San, San Francisco Superior, Lombard St, Troon Pacific, Business Locations: San Francisco, Lombard
The US is still coming to grips with the assassination attempt on former President Donald Trump. In today's big story, we examine the scrutiny the Secret Service is facing and what former special agents are saying about the tragedy . But that's not to say the Secret Service has avoided controversy over the last 40-plus years since the Reagan shooting. Secret Service agents converge on former President Donald Trump onstage at his Pennsylvania campaign rally. AdvertisementUltimately, another former Secret Service agent said the entire event represents a failure for Trump's security detail , BI's Matthew Loh and Cameron Manley report.
Persons: , Donald Trump, Jenny Chang, Rodriguez, Joe Biden, Insider's Brent D, Griffiths, Katherine Tangalakis, Lauren Edmonds, Saturday, Ronald Reagan, that's, Reagan, Brent, Jabin, Thomas Matthew Crooks, BI's Rebecca Rommen, Crooks, BI's Laura Italiano, Kenneth Niemeyer, Matthew Loh, Cameron Manley, Trump, Corey Comperatore, Kirill Kudryavtsev, Yuriy Gorodnichenko, Goldman Sachs, Michael M, Tyler Le, Jensen Huang, Elon Musk, Sam Altman's, Altman, Rebecca Zisser, Mickey Mouse, Hannah Montana, David, Nvidia's Goliath, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Jack Sommers, Annie Smith, Amanda Yen Organizations: Service, Business, Secret Service, Washington, Getty, FBI, UC Berkeley, NDR, Nvidia, Elon, European, Swedish, Disney, YouTube, GOP, Convention Locations: Colombia, Pennsylvania, Trump, Russia, New York, London
Read previewActor Scarlett Johansson thinks OpenAI CEO Sam Altman would make a good Marvel villain. In her statement, Johansson said she'd initially turned down Altman's offer to voice the AI model back in September. We cast the voice actor behind Sky's voice before any outreach to Ms. Johansson," Altman said in a statement the following day. Read more about how we chose these voices: https://t.co/R8wwZjU36L — OpenAI (@OpenAI) May 20, 2024In her interview with Dowd, Johansson said that "it was surreal" when OpenAI released "Sky" to the world. AdvertisementRepresentatives for Altman and Johansson didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Scarlett Johansson, Sam Altman, Maureen Dowd, Johansson, Altman, Spike Jonze's, she'd, OpenAI, Scarlett Johansson's, Sky's, We’ve, Dowd, Johansson didn't Organizations: Service, Marvel, New York Times, Business, Times, Business Insider Locations: ChatGPT
Actor Shelley Duvall has died at age 75. Known for "The Shining" and "Popeye," Duvall's iconic roles left a lasting impact. AdvertisementShelley Duvall, the beloved character actor best known for starring in Stanley Kubrick's adaptation of the Stephen King horror classic "The Shining," has died at age 75. The award-winning actor died of complications from diabetes, her partner Dan Gilroy told The Hollywood Reporter. "Too much suffering lately, now she's free," Gilroy told the outlet.
Persons: Shelley Duvall, Duvall, Robert Altman, , Stanley Kubrick's, Stephen King, Dan Gilroy, Gilroy, McCabe, Miller, Olive Oyl, Robin Williams Organizations: Service, Hollywood, Business Locations: Nashville
This story is available exclusively to Business Insider subscribers. Related storiesOpenAI told Business Insider that the company had "identified and fixed" the "underlying security issue" that led to the breach. AdvertisementStill, the hacking prompted concern inside and outside the company that OpenAI's security is too weak, leaving it open to foreign adversaries like China. He described the company's security as "egregiously insufficient" to protect against theft by foreign actors. A month after OpenAI fired Aschenbrenner, two more of the team's top members quit, and the team effectively dissolved.
Persons: , OpenAI, Leopold Aschenbrenner, Aschenbrenner, Ilya Sustkever, Sam Altman's, Sustkever, Jan Leike, Paul Nakasone Organizations: Service, Business, New York Times, FBI, Employees, NSA, US, Command, Defense Department Locations: China, United States
OpenAI CEO Sam Altman survived a high-profile ouster last year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne of the biggest names in the AI industry, Sam Altman was the subject of a massive ouster last year. Within a (very hectic) week, however, he was reinstated in his role as CEO at OpenAI, the firm behind AI chatbot ChatGPT. This story is available exclusively to Business Insider subscribers.
Persons: Sam Altman, , chatbot Organizations: Service, OpenAI, Business Locations: OpenAI
In the 1990s, Apple watched as Bill Gates took Windows global, giving Microsoft absolute dominance over the nascent PC market. Apple's OpenAI dealWhen Apple revealed a partnership with OpenAI at its Worldwide Developers Conference (WWDC) in June, questions swirled about the terms of the long-rumored tie-up. AdvertisementApple's new suite of AI features revealed at WWDC, dubbed Apple Intelligence, hardly relies on OpenAI's technology. ChatGPT is more of an add-on that Apple users can choose to give, or refuse, permission to respond to queries. The success of Apple's OpenAI tie-up could come down to how many people are willing to buy new iPhones.
Persons: , Apple, Bill Gates, Steve Ballmer, Steve Jobs, Gates, Phil Schiller, Sam Altman's, Apple's, Apple isn't, OpenAI, Satya Nadella, Nadella, Yann LeCun, it's Organizations: Service, Microsoft, Business, Bloomberg, Apple, Big Tech, OpenAI, Worldwide Developers, Google . Apple Intelligence, Google, Apple Intelligence Locations: OpenAI
Yet it's also given developers reason to be dubious: code produced by ChatGPT is often full of mistakes. 'Fewer hallucinated bugs'To begin, OpenAI is limiting CriticGPT's access to AI trainers. OpenAI has acknowledged that the more advanced its AI models become, the harder it can be for AI trainers "to spot inaccuracies when they do occur." AI models are also still susceptible to hallucinations that can be missed by AI trainers, OpenAI said. CriticGPT clearly has a long way to go, but shows that OpenAI is at least trying to tackle the problem.
Persons: , chatbot, it's, ChatGPT, OpenAI, CriticGPT, Jan Leike, e6CiXXoCeG, EJ6OSfUN9p — Jan Leike, Sam Altman's Organizations: Service, Business, Purdue University Locations: CriticGPT
OpenAI CEO Sam Altman says he leaned heavily on advice from his friend Brian Chesky — CEO and co-founder of Airbnb — after ChatGPT became a global phenomenon. Here's where you're behind, here's what you're screwing up, here's what you got to proactively do, here's what you got to think about.'" Chesky was "almost always right," Altman added. The hours of guidance impacted key areas of OpenAI's business, according to Altman: Chesky instructed him on who to hire and how to "map" out the company's strategy. More recently, Chesky told him that he was "probably not thinking enough about" the political consequences of the company's generative AI technology, Altman added.
Persons: Sam Altman, Brian Chesky, Airbnb, ChatGPT, Altman, Chesky, Altman's, Brian Organizations: Aspen Ideas, Microsoft
Read preview"Try talking with it here," Sam Altman wrote on X, linking to an "early demo" of ChatGPT. AdvertisementIt made OpenAI the poster child of the race to create human-like artificial general intelligence, which has become Altman's stated mission. OpenAI still has no release date for Sora, the model that generates videos based on users' text prompts and was first demonstrated publicly in February. AdvertisementThis month did give OpenAI something to celebrate; Apple announced that it was partnering with the company to bring ChatGPT to iPhones, iPads, and Macs. ChatGPT gave OpenAI a headstart in the race to make AGI.
Persons: , Sam Altman, ChatGPT, Altman's, OpenAI, Scarlett Johansson, Altman, Sora, Sundar Pichai, Claude, OpenAI isn't Organizations: Service, Business, Tech, Microsoft, Apple, Google, Meta, ChatGPT, Chatbot Locations: Silicon Valley, GPT
Airbnb CEO Brian Chesky said the "worst moment" of Sam Altman's ousting happened around midnight. Chesky said Altman expected to get reinstated but OpenAI then announced Emmett Shear as CEO. Altman planned to go to Microsoft but Chesky said his friendship with Shear helped open a dialogue. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the hardest moment happened at midnight about two days in, according to an interview with Airbnb CEO Brian Chesky on CNBC.
Persons: Brian Chesky, Sam Altman's, Chesky, Altman, OpenAI, Emmett Shear, Shear, , Sam Altman Organizations: Microsoft, Service, CNBC, Business Locations: OpenAI
Most of its residents are millennials, with its residents' median age being 33.6 years. As with Atlanta, most of its residents are millennials, with its residents' median age being 33.1 years. The median age of San Diego residents is 35.8 years. But it's also true that housing in San Diego trends toward the pricier end. San Diego, along with four other Californian cities, was marked as "impossibly unaffordable," according to the 2024 Demographia International Housing Affordability report.
Persons: , Josh Altman, Altman, Sean Pavone, Eric Johnson, Pengyu Cheng, Michael Warren, Wager, it's, Altman didn't Organizations: Service, Business, Getty, Dallas, Texas, Popular, Disney, San Locations: Atlanta, Dallas, Orlando, Phoenix, San Diego, Texas, California, San Francisco, Eola, Miami, Arizona's, San Diego , California, Los Angeles, US
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