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☆ Mexico's America Movil denies report it's eyeing Argentine telecoms firm Arsat
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

The logo of America Movil is pictured on the wall at a reception area in the company's corporate offices, in Mexico City, Mexico January 25, 2022. REUTERS/Gustavo Graf/File Photo Acquire Licensing RightsMEXICO CITY, Nov 23 (Reuters) - America Movil (AMXB.MX), the Mexican telecommunications company controlled by billionaire Carlos Slim, on Thursday denied a report it is in talks with Argentine President-elect Javier Milei's team to buy Argentina's state telecoms company Arsat. Citing sources close to the matter, website La Politica Online said plans to sell Arsat are very advanced, and reported that a member of Milei's transition team on Tuesday held talks with executives from America Movil's Argentine unit, Claro. La Politica Online said the value of Arsat was discussed during the talks with a figure of around $930 million mentioned. A spokesperson for Milei's transition team did not immediately respond to a request for comment.

Persons: Gustavo Graf, Carlos Slim, Javier Milei's, Arturo Elias, Slim's, Arsat, Dave Graham, Eliana, Jonathan Oatis, Marguerita Choy Organizations: REUTERS, MEXICO CITY, Argentine, Reuters, Politica, America Movil's, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, America Movil's Argentine, Claro

☆ Stellantis to revise up revenue target for 'circular economy' unit
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

A flag with the logo of Stellantis is seen at the company's corporate office building in Saint-Quentin-en-Yvelines near Paris, France, May 5, 2021. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsCompanies Stellantis NV FollowTURIN, Italy, Nov 23 (Reuters) - Stellantis' (STLAM.MI) revenue target for its recycling and reconditioning unit will be raised after growing 25% so far this year, the group's Chief Executive Carlos Tavares said on Thursday inaugurating its first hub for the business. As part of its long-term business plan, the Franco-Italian group has said it aimed to generate 2 billion euros ($2.2 billion) in revenue by 2030 from its "circular economy" unit, by recycling and extending the life of parts and materials. Located in the Mirafiori complex, in Turin, the new circular economy hub focuses on life extension for parts and vehicles, component reconditioning as well as recycling materials to return to the manufacturing loop. The site, for which Stellantis has invested 40 million euros, currently employs 170 highly-trained employees, projected to rise to around 550 people by 2025.

Persons: Gonzalo Fuentes, Carlos Tavares, Tavares, Stellantis, Giulio Piovaccari, David Evans Organizations: REUTERS, Thomson Locations: Saint, Yvelines, Paris, France, TURIN, Italy, Franco, Italian, Turin

[1/4] An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe, November 26, 2020. The government reintroduced the local currency in 2019, but it rapidly lost value. Zimbabwe's dollarization story is as full of warnings as it is with promise. During the five years before dollarization in 2000, the monthly measure of annualized inflation averaged 33% in Ecuador. "With our local currency we couldn't buy anything, it was very expensive to acquire things, so dollarization ... allowed people to have greater security in their purchases."

Persons: Javier Milei, Milei, Zimbabwe's, Bongiwe Mudau, Dollarization, dollarization, Mudau, Moses Mhlanga, Nestor Cerneaz, Wilson Andrade, Juan Carlos Villota, Guido Puig, Tito Correa, Nyasha, Miguel Lo Bianco, Rodrigo Campos, Adam Jourdan, Karin Strohecker, Rosalba O'Brien Organizations: REUTERS, Philimon, Rights, U.S ., Reuters, International Monetary Fund, hawker, Reuters Graphics Reuters, dollarization, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights QUITO, HARARE, BUENOS AIRES, Zimbabwe's, Quito, Ecuador, Argentina, El Salvador, greenbacks, Buenos Aires, Argentine, New York

☆ China says Philippines enlists foreign force to stir trouble in South China Sea
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +3 min

The Chinese military will maintain high vigilance, resolutely defend sovereignty and maritime rights and interests, and resolutely safeguard peace and stability in the South China Sea, China's military said. "The Philippines enlisted forces out of the region to patrol ... stirred up trouble and engaged in hype, undermining regional peace and stability," the southern theatre command of the Chinese military said. Relations have soured between China and the Philippines over the South China Sea under Philippine President Ferdinand Marcos Jr as he pivots towards closer ties with the U.S., which supports the Southeast Asian nation in its maritime disputes with China. A Chinese foreign ministry spokesperson said on Wednesday China had warned the U.S. and the Philippines in connection with their patrols. A Chinese navy ship shadowed three U.S. and Philippine warships conducting joint patrols on Thursday, the Philippine armed forces chief, Romeo Brawner, told reporters.

Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, Ferdinand Marcos Jr, Mao Ning, Romeo Brawner, Brawner, Ella Cao, Bernard Orr, Liz Lee, Neil Jerome Morales, Edmund Klamann, Robert Birsel Organizations: Philippine, China's, REUTERS, U.S, Philippines, U.S ., Relations, South China, China, Philippine -, Thomson Locations: Beijing, China, Philippines, BEIJING, MANILA, Philippine, U.S, South China, Taiwan, South, Palawan, United States, Manila

☆ Doc Rivers opens up to CNN on leadership, being a champion and Donald Sterling
▼ + stars: | 2023-11-23 | by ( Poppy Harlow | ) edition.cnn.com time to read: +12 min

CNN —Legendary basketball coach Doc Rivers sat down for an in-depth interview with CNN This Morning’s Poppy Harlow. I didn’t know, should I wear a Clippers shirt? PH: You think: “Does this organization represent me?”DR: Yeah, yeah. I didn’t know it was going to be a story, if you know what I’m saying. PH: You’ve said: “I’m not going to coach the man you are, I’m going to coach the man you’re going to be.” Can you explain that?

Persons: Doc Rivers, Poppy Harlow, Donald Sterling, it’s, I’m, ”, “, Andy, Roeser, Sterling, Jose Carlos Fajardo, Andy Roeser, “ We’re, Adam, Silver, David E, Muhammad Ali, RC Buford, Bill Russell, Arthur Ashe, that’s, Ali, Jim Rogash, you’re, There’s, let’s, You’ve, you’ve, can’t, Rivers, Andrew D, Bernstein, “ I’m, I’ve Organizations: CNN, Los Angeles Clippers, Sterling, Clippers, Boston Celtics, NBA, Brand, You’re, ESPN, LA Clippers, Golden State Warriors, Bay Area, Golden State Warriors DR, Spurs, GM, Boston Celtics Rivers, Celtics, LA Lakers Locations: American, Bay, Golden State, ” Rivers, Antonio

☆ China slows Venezuela crude buys as U.S. sanctions lifting triggers 'disarray'
▼ + stars: | 2023-11-23 | by ( Muyu Xu | ) www.reuters.com time to read: +4 min

Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA in Morichal July 28, 2011. Independent refiners, known as teapots, account for a fifth of China's oil purchases, and more than half of its asphalt production. PetroChina, PDVSA and the Venezuelan oil ministry did not immediately respond to requests for comment. Before the U.S. imposed sanctions in 2019, subsidiary PetroChina Fuel Oil Co was the key seller of Venezuelan oil to independent refiners. Independent refiners like Venezuelan heavy crude for its high yield of road-paving material asphalt at about 60%, versus around 45% for Iranian oil.

Persons: Carlos Garcia Rawlins, Sellers, PetroChina, PDVSA, Muyu Xu, Marianna Parraga, Florence Tan Organizations: REUTERS, Rights, ICE Brent, Reuters, Fuel, Co, Thomson Locations: Morichal, Rights SINGAPORE, Washington, China, Venezuela, Iran, Russia, Iraq, Canada, OPEC, Malaysia, Venezuela's, Singapore, Houston

That's why I asked financial experts to explain the main differences between index funds and mutual funds. An index fund can be a mutual fundEven though it might sound confusing, Clayton Wood, a financial planner, says a good first step in understanding that an index fund is a mutual fund, but a mutual fund is not always an index fund. Index Funds have a lower expensesWhen it comes to fees, Alvin Carlos, a financial planner, says that index funds are low-cost mutual funds. "Most actively managed funds are mutual funds, but there are also many index mutual funds." Mutual funds experience capital gain distributionsOne of the biggest differences between mutual funds and index funds is when taxable events occur for each.

Persons: —, Clayton Wood, Wood, Alvin Carlos, Carlos, Jay Kirkwood, Dow Jones, Kirkwood, Get, Amy Richardson, Schwab, Richardson Organizations: Finance, Service, Costco, Nasdaq, SEC, Mutual

☆ Stellantis to lift revenue target for 'circular economy' recycling unit
▼ + stars: | 2023-11-23 | by ( ) www.cnbc.com time to read: +2 min

Stellantis will lift its 2030 revenue target for its recycling and reconditioning unit after its revenue grew 25% so far this year, the automaker's CEO said on Thursday, adding that the business would help make electric vehicles more affordable. Rising prices and reduced availability of raw materials, as well as environmental costs to extract them, are pushing manufacturers and regulators to reuse and recycle more. Stellantis CEO Carlos Tavares said volatility in raw materials prices made electric vehicles (EV) less affordable for consumers. "We aim to set up a stable flow of supplies for raw materials ... avoiding market ups and downs. This means less inflation," Tavares said in Turin as he inaugurated the automaker's first hub for its recycling and reconditioning business, now part of its 'circular economy' unit.

Persons: Tim Kuniskis, Dodge Brand, Carlos Tavares, Tavares, Stellantis Organizations: Dodge, EV Locations: Pontiac , Michigan, Turin, Franco, Italian, North America, America, Africa, East, Stellantis, Italy

☆ How Formula One accidentally helped Las Vegas workers land the 'best contract ever'
▼ + stars: | 2023-11-23 | by ( Sahil Kapur | ) www.cnbc.com time to read: +2 min

Ferrari driver Carlos Sainz of Spain drives past the Sphere during the F1 Las Vegas Grand Prix on Saturday, November 18, 2023 on the Las Vegas Street Circuit in Las Vegas, NV. When Formula One came to Las Vegas, it brought a level of glitz and glamor rivaled only by Monaco. "Las Vegas is now the sporting capital of the world, combined with the entertainment capital of the world. "We think all the largest events in the world belong in Las Vegas. They encouraged Formula One ticket-holders to support workers by avoiding casinos or hotels mired in the labor standoff.

Persons: Carlos Sainz, Ted Pappageorge, weren't Organizations: Vegas, Las Vegas, Circuit, Monaco, Bartenders Union, MGM Resorts, Caesars Entertainment, Wynn Resorts, Culinary Union, Formula, NBC News Locations: Spain, Las Vegas, NV, Sin City, Vegas

☆ US new vehicle sales to rise in November on strong demand - report
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Barria/File Photo Acquire Licensing RightsNov 22 (Reuters) - New vehicle sales in the United States are expected to rise in November, a report from industry consultants showed on Wednesday, as demand for the latest models remains strong and inventories improve. U.S. new vehicle sales, including retail and non-retail transactions, are estimated to reach 1,236,000 units in November, a 10.2% jump from a year earlier, according to the joint forecast report by J.D. "Sales growth is being enabled by improving vehicle availability," said Thomas King, president of the data and analytics division at J.D. Inventory pile-up, however, led to a 1.9% year-on-year decline in transaction prices with an average price of new retail vehicles at $45,332. Power and GlobalData have also raised the annual forecast for global light-vehicle sales to 89.3 million units, up 10% from last year, on strength in China demand.

Persons: Carlos Barria, J.D ., Thomas King, J.D, Jeff Schuster, Ananta Agarwal, Shweta Agarwal Organizations: REUTERS, J.D, Thomson Locations: Port of Richmond, San Francisco , California, United States, ., China, Bengaluru

"i'm looking forward to returning to openai," Altman said in a post on the X social media platform late on Tuesday. Sam Altman attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. OpenAI's previous board consisted of Tasha McCauley, Helen Toner and OpenAI chief scientist Ilya Sutskever and Quora CEO D'Angelo, who is part of the revamped board. In a post on X on Tuesday, Shear said he worked "~72 very intense hours" to bring stability - and ultimately Altman - back to OpenAI. When he was out of a job, CEO Nadella said Altman could head a new research team alongside Brockman and other colleagues departing from OpenAI.

Persons: Bret Taylor, Brockman, FRANCISCO, Sam Altman, OpenAI, Larry Summers, Adam D'Angelo, D'Angelo, Altman, Danni Hewson, AJ Bell's, Satya Nadella, Kyle Rodda, Carlos Barria, Tasha McCauley, Helen Toner, Ilya Sutskever, Steve Jobs, Greg Brockman, Sunday Altman, Emmett Shear, Shear, Nadella, Jeffrey Dastin, Aditya Soni, Shivani Tanna, Bansari, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Sam Holmes, Jane Merriman Organizations: U.S . Treasury, Microsoft, Economic Cooperation, REUTERS, Reuters, U.S, Thomson Locations: openai, U.S, OpenAI, Asia, San Francisco , California, Valley, San Francisco, Bengaluru

☆ Who are OpenAI's new board members as Sam Altman returns?
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria Acquire Licensing RightsNov 22 (Reuters) - ChatGPT-maker OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, and also agreed in principle to partly reconstitute the board of directors that had dismissed him. Bret Taylor, formerly co-CEO of Salesforce and Larry Summers, former U.S. Treasury Secretary, along with Quora CEO and current director Adam D'Angelo will be part of the board, OpenAI said. Here's what we know about them:* Taylor, 43, is an American computer programmer and entrepreneur, who is also a board member at Shopify (SHOP.TO). Taylor will chair the OpenAI board* Summers, 68, is an American economist who has served as U.S. Secretary of the Treasury from 1999 to 2001* A professor at Charles W Eliot University, Summers is also President Emeritus at Harvard* Summers is also on the board of Jack Dorsey's Block Inc (SQ.N) and Skillsoft Corp (SKIL.N)* D'Angelo, 39, is an American internet entrepreneur, best known as founder of California-based social question-and-answer website and online knowledge market Quora* A Computer Science graduate, D'Angelo was previously CTO of Facebook for nearly two years till June 2008(Sources: TechCrunch, Reuters reporting and LinkedIn)Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Anil D'Silva and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman, Carlos Barria, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Taylor, Charles, Summers, Jack Dorsey's, D'Angelo, Aby Jose Koilparambil, Anil D'Silva Organizations: Economic Cooperation, REUTERS, U.S . Treasury, Quora, Treasury, Charles W Eliot University, Harvard, Skillsoft Corp, Science, Facebook, Thomson Locations: Asia, San Francisco , California, U.S, American, Shopify, California, Bengaluru

PHOENIX (AP) — The Arizona Diamondbacks acquired slugger Eugenio Suárez on Wednesday from the Seattle Mariners for reliever Carlos Vargas and catcher Seby Zavala, according to a person familiar with the deal. The person spoke to The Associated Press on condition of anonymity because the trade had not been announced. He fills a need for the D-backs at third base, which was manned mostly by Evan Longoria and Emmanuel Rivera last season. He hit .232 with 22 homers and 96 RBIs for the Mariners last season, playing third base and designated hitter. Vargas is a 24-year-old right-hander who made his big-league debut with the Diamondbacks this season, throwing in five games.

Persons: Eugenio Suárez, Carlos Vargas, Seby Zavala, Evan Longoria, Emmanuel Rivera, Suárez, Vargas, Zavala, ___ Organizations: PHOENIX, The Arizona Diamondbacks, Seattle Mariners, Associated Press, Cincinnati Reds, NL, Mariners, Diamondbacks, Chicago White Sox, Arizona Diamondbacks, The Seattle Times

☆ Stellantis, CATL sign preliminary deal for LFP battery supply in Europe, consider JV
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Stellantis logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado Acquire Licensing RightsMILAN, Nov 21 (Reuters) - Carmaker Stellantis (STLAM.MI) and Chinese EV battery giant CATL (300750.SZ) said on Tuesday they signed a preliminary agreement for the supply of battery cells and modules for the automaker's electric vehicle (EV) production in Europe. The two companies said in a joint statement they were also considering a possible investment to set up a 50-50 joint venture to support the automakers' electrification strategy. Stellantis and CATL said the memorandum of understanding (MoU) announced on Tuesday outlined a long-term collaboration between the two groups, including "identifying opportunities to further strengthen the battery value chain". For its EV battery needs in Europe Stellantis is building three gigafactories, in France, Germany and Italy through its ACC joint venture with Mercedes (MBGn.DE) and TotalEnergies (TTEF.PA), while others might follow in the region.

Persons: David, Dee, Delgado, Alfa Romeo, Stellantis, CATL, Robin Zeng, Carlos Tavares, Giulio Piovaccari, Chizu Organizations: New York, REUTERS, EV, Franco, Jeep, Peugeot, Fiat, Alfa, ACC, Mercedes, Fiat Chrysler, PSA, Thomson Locations: Manhattan , New York City, U.S, Europe, Italian, France, Germany, Italy

Ferdinand Marcos Jr. President of the Philippines speaks at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. This week's three-day joint air and maritime exercise was a "significant initiative" to boost interoperability between the two, Philippine President Ferdinand Marcos Jr. said. It will end in the West Philippine Sea, the name Manila uses for waters in the South China Sea that fall within its exclusive economic zone (EEZ). The joint patrol with the United States showed the Manila was making a stand over the South China Sea, said Jay Batongbacal, director of the Institute for Maritime Affairs and Law of the Sea in Manila, the capital. "It shows that the Philippines is really firming up its posture on West Philippine Sea issues," Batongbacal said.

Persons: Ferdinand Marcos Jr, Carlos Barria, Eugene Cabusao, Marcos, Rodrigo Duterte, Xi Jinping, Jay Batongbacal, Batongbacal, Mikhail Flores, Karen Lema, Martin Petty, Clarence Fernandez Organizations: Economic Cooperation, REUTERS, United States, South China, Washington, Institute for Maritime Affairs, Law, Philippine, Thomson Locations: Philippines, Asia, San Francisco , California, U.S, Philippine, Taiwan US, Manila, China, MANILA, Taiwan, Mavulis, Luzon, West Philippine, South, United, Hawaii, United States, China's, Brunei, Indonesia, Malaysia, Vietnam, Beijing, South China

CNN —American Airlines said it is reviewing a video posted on TikTok that shows a baggage handler releasing a passenger’s wheelchair to slide down a jet bridge chute, where it crashed into a metal barrier, flipped over and tumbled onto an airport tarmac. In the video, as the first man lets the wheelchair go, a second baggage handler, who is on the ground at the other end of the chute and wearing an American Airlines vest, steps back. American Airlines said in a statement, “We recognize how important it is to support the independence of customers with disabilities by ensuring the proper care of mobility devices throughout their journey with us. In 2022, American Airlines’ rate of damaging, delaying or losing wheelchairs and scooters was 2.00 per 100, DOT statistics show. It also calls on the agency to study whether it is possible for passengers to use wheelchairs in the main cabin.

Persons: Haeley Dyrdahl, Dyrdahl, ”, “, Pete Buttigieg, Sen, Tammy Duckworth, ” Duckworth, “ It’s, Duckworth, John Thune, –, Steve Cohen, Pete Stauber, CNN’s David Williams, Ross Levitt, Gregory Wallace Organizations: CNN — American Airlines, Miami International Airport, CNN, American Airlines, Transportation, Department of Transportation, DOT, United Airlines, Illinois Democrat, Republican, Senate Commerce, Science, ”, Tennessee Democrat, Minnesota Republican Locations: America, American, Illinois, South Dakota, Tennessee, Minnesota

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicAs the war against Hamas enters a seventh week, Israel finds itself under intense pressure to justify its actions in Gaza, including the raid of Al-Shifa Hospital, which it says is a center of Hamas activity. Hamas and hospital officials deny the accusation. Patrick Kingsley, the Jerusalem bureau chief for The Times, was one of the reporters invited by the Israeli military on an escorted trip into the enclave.

Persons: Patrick Kingsley Organizations: Spotify, Hamas, Shifa, The Times Locations: Israel, Gaza, Al, Jerusalem

Thanksgiving may be a time for Americans to come together, but opinion is divided over what's on the crowded dinner table. We mostly agree on the deliciousness of pumpkin pie, say, but are split over the eternal turkey question of dark meat versus white meat. Americans 45 or older are especially likely to call turkey the best thing on the Thanksgiving table (39%), while younger adults who agree come in at 24%. One-third of U.S. adults who will celebrate Thanksgiving say that's their preferred dessert. Slightly fewer than half of men (46%) who plan to celebrate Thanksgiving say they will do hardly any or none of the cooking.

Persons: ”, Ralph Caya, Vaidehi, Carlos Stallworth, You’re, Caya, ” Stallworth, I’ve, nix, there's, Lauren Feldman, Feldman, “, ___ Mark Kennedy Organizations: Associated Press, NORC, for Public Affairs Research, cranberries Locations: what's, U.S, Pensacola , Florida, Glen Rock , New Jersey, Los Angeles, Florida, Georgia, Indianapolis

NEW YORK (AP) — Brad Ausmus was hired by the New York Yankees on Tuesday to replace Carlos Mendoza as bench coach for manager Aaron Boone. Now 54, Ausmus spent 2022 as the Oakland Athletics' bench coach for manager Bob Melvin. Mendoza had been the Yankees' bench coach for four seasons when he left on Nov. 13 to manage the New York Mets. The Yankees said Tuesday that Ausmus will become the third bench coach for Boone, who started with Josh Bard as his bench coach in 2018-19. Ausmus hit .251 with 80 homers and 607 RBIs in 18 seasons for the Padres (1993-96), Detroit (1996, 1999-2000) and Houston (1997-98, 2001-08).

Persons: Brad Ausmus, Carlos Mendoza, Aaron Boone, Ausmus, Bob Melvin, Mendoza, Boone, Josh Bard, ___ Organizations: New York Yankees, Los Angeles Angels, AL Central, Tigers, Baltimore, Oakland Athletics, Yankees, New York Mets, Dartmouth, Padres Locations: Detroit, New York, Colorado, San Diego, Houston

☆ OpenAI board, Altman in talks for return of former CEO - Bloomberg News
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Sam Altman, CEO of OpenAI, attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Talks are happening between Altman and at least one board member, Quora CEO Adam D'Angelo, the report said. Altman could return as a director on a transitional board and the talks also involve some investors of the artificial intelligence startup. But things appeared fluid, as Microsoft CEO Satya Nadella told media on Monday "irrespective of where Sam is, he's working with Microsoft" and that governance at OpenAI needed to change. Other than Quora's D'Angelo, OpenAI's four-person board consisted of Tasha McCauley, Helen Toner and OpenAI chief scientist Ilya Sutskever as of Friday.

Persons: Sam Altman, Carlos Barria, Altman, Adam D'Angelo, Greg Brockman, Satya Nadella, Sam, Brockman, Nadella, Emmett Shear, Quora's D'Angelo, OpenAI's, Tasha McCauley, Helen Toner, Ilya Sutskever, Akash Sriram, Chavi Mehta, Devika Syamnath, Arun Koyyur Organizations: OpenAI, Economic Cooperation, REUTERS, Microsoft, Bloomberg, CNBC, Reuters, Thomson Locations: Asia, San Francisco , California, U.S, OpenAI, Bengaluru

Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. In recent weeks, talks have hit stumbling blocks over the extent to which companies should be allowed to self-regulate. Alexandra van Huffelen, Dutch minister for digitalisation, told Reuters the OpenAI saga underscored the need for strict rules. "Please don't gut the EU AI Act; we need it now more than ever." Reporting by Martin Coulter and Supantha Mukherjee; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman, Carlos Barria, Altman, OpenAI’s, Brando Benifei, ”, Alexandra van Huffelen, Gary Marcus, Martin Coulter, Supantha Mukherjee, Susan Fenton Organizations: Economic Cooperation, REUTERS, European Commission, EU, Reuters, Microsoft, New York University, Thomson Locations: Asia, San Francisco , California, U.S, European, OpenAI, France, Germany, Italy

The startup's newly appointed interim head moved quickly to dismiss speculation that OpenAI's board ousted Altman due to a spat over the safety of powerful AI models. It was not clear why Murati had stepped down as interim CEO. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Some of those joining Altman at Microsoft include senior researchers Szymon Sidor and Jakub Pachocki, according to Brockman. Microsoft had supported a return by Altman to the startup, according to sources, a move that seemed likely only hours prior to Monday's announcements.

Persons: OpenAI, Emmett Shear, Sam Altman, Greg Brockman, OpenAI's, Altman, Shear, Ilya Sutskever, we've, Sutskever, Mira Murati, reinstates Altman, Brockman, Bret Taylor, Will Hurd, Murati, Carlos Barria, Richard Windsor, Satya Nadella, Szymon Sidor, Jakub Pachocki, Russ Mould, AJ Bell, Nadella, Jeffry Dastin, Anna Tong, Krystal Hu, Akash Sriram, Aditya Soni, Urvi, Shubham, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton, Chizu Nomiyama, Anil D'Silva Organizations: Microsoft, FRANCISCO, Google, OpenAI, Reuters, Economic Cooperation, REUTERS, Radio Free Mobile, Thomson Locations: OpenAI, Texas, Asia, San Francisco , California, U.S, San Franciso, New York, Bengaluru

In a statement on the social media platform X, Shear dismissed speculation that OpenAI's board ousted Altman because of a spat over the safety of powerful AI models. OpenAI dismissed Altman on Friday following a "breakdown of communications," according to an internal memo seen by Reuters. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. In a separate post on X, Altman shared Nadella's message with the words, "the mission continues". loadingThe decision not to reinstate Altman as OpenAI's chief confounded efforts by investors and employees to steady the startup's path.

Persons: OpenAI, Emmett Shear, Sam Altman, Shear, OpenAI's, Altman, Satya Nadella, Greg Brockman, Carlos Barria, Nadella, Szymon Sidor, Brockman, Richard Windsor, Ilya Sutskever, Jeffry Dastin, Anna Tong, Urvi, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton Organizations: Microsoft, OpenAI, Reuters, Economic Cooperation, REUTERS, The, Radio Free Mobile, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, OpenAI, San Franciso, Bengaluru, New York

☆ A timeline of Sam Altman’s ouster from OpenAI and Microsoft appointment
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

Companies Openai LLC FollowMicrosoft Corp FollowNov 20 (Reuters) - Following a surprise ouster, OpenAI co-founder and former CEO Sam Altman joined Microsoft (MSFT.O) as the head of artificial intelligence research along with the ChatGPT maker's former President Greg Brockman and other staff. Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsThe developments come less than a year after OpenAI kicked off the generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names. The shakeup is not the first at OpenAI, which was launched in 2015. Reporting by Akash Sriram in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: OpenAI, Sam Altman, Greg Brockman, Carlos Barria, Elon Musk, Akash Sriram, Shounak Dasgupta Organizations: Microsoft, Economic Cooperation, REUTERS, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru

☆ Microsoft CEO says Sam Altman will be joining Microsoft
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: 1 min

[1/2] Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria Acquire Licensing RightsCompanies Microsoft Corp FollowNov 20 (Reuters) - Microsoft CEO Satya Nadella on Monday said that ousted OpenAI CEO Sam Altman and Greg Brockman will be joining Microsoft (MSFT.O) to lead a new advanced AI research team. Nadella also appeared to confirm Emmett Shear's reported appointment as the new OpenAI CEO, saying they are "looking forward to getting to know Emmett Shear and OAI's new leadership team and working with them." Reporting by Shubham Kalia in Bengaluru, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman, Carlos Barria, Satya Nadella, Greg Brockman, Nadella, Emmett Shear's, Emmett Shear, Shubham, Louise Heavens Organizations: Economic Cooperation, REUTERS, Microsoft, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru

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