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☆ Heart emojis, confusion, and a wave of support for Sam Altman. Here's what OpenAI employees are saying about Altman's shock ousting.
▼ + stars: | 2023-11-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

OpenAI employees are having a tough time after Sam Altman was suddenly ousted from the company. Here's what OpenAI employees are saying about the chaotic transition. Since Friday the company has cycled through three CEOs: cofounder Sam Altman, former CTO Mira Murati, and current CEO Emmett Shear, who cofounded Twitch. AdvertisementMore OpenAI staffers have threatened to join them unless Altman is reinstated and the board resigns. Throughout the night on Sunday, more OpenAI staffers spoke out, sharing the repeated message: "OpenAI is nothing without its people."

Persons: Sam Altman, Altman, —, Mira Murati, Emmett Shear, Greg Brockman, Aleksander Madry, Employees haven't, cofounders Brockman, Will Depue, Sam, Greg, Ilya Sutskever, Shengjia Zhao, Ilya, Jan Leike, Andrej Karpathy Organizations: Service, Microsoft, Employees, Business, Sutskever, OpenAI

☆ OpenAI is bleeding talent in the wake of Sam Altman's ouster
▼ + stars: | 2023-11-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Greg Brockman announced three key OpenAI staffers are following him and Sam Altman to Microsoft. Sam Altman is heading up a new AI team at Microsoft after his shock firing by the OpenAI board. All three are senior or longstanding employees at OpenAI, suggesting that the company may face a talent drain after Altman's shock firing. OpenAI announced that Twitch co-founder Emmett Shear would become interim CEO of the AI firm, after negotiations to bring Altman back broke down. The Information also reported that fellow AI startups Cohere and Adept were reaching out to OpenAI employees and that Google Deepmind had received an uptick in resumes from OpenAI workers.

Persons: Greg Brockman, Sam Altman, —, Satya Nadella's, Altman, Jakub Pachocki, Szymon Sidor, Aleksander Madry —, OpenAI, Twitch, Emmett Shear, Pachocki, Mira Murati, Brad Lightcap, Ilya Sutskever, Tao Xu, Google Deepmind, Jim Fan Organizations: Microsoft, Service, Google Locations: OpenAI

☆ Elon Musk defends OpenAI's cofounder Ilya Sutskever: 'He would not take such drastic action unless he felt it was absolutely necessary'
▼ + stars: | 2023-11-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk says OpenAI's Ilya Sutskever wouldn't have fired Sam Altman unless it was necessary. "Ilya has a good moral compass and does not seek power," the former OpenAI board member said. "He would not take such drastic action unless he felt it was absolutely necessary," Musk continued. OpenAI's board said in a statement that Altman "was not consistently candid in his communications with the board" but has not given further details. AdvertisementMusk was previously on OpenAI's board of directors.

Persons: Elon Musk, Ilya Sutskever wouldn't, Sam Altman, Ilya, Musk, —, Ilya Sutskever's, Sam Altman's, OpenAI's, Altman, Greg Brockman, Sutskever, ChatGPT, Grok, CNBC's David Faber, OpenAI, Faber, Emmett Shear, Satya Nadella Organizations: CNBC, Service, New York Times, OpenAI, Microsoft, Musk, Business Insider Locations: OpenAI

☆ How OpenAI’s leadership shakeup could further boost Microsoft's AI prospects and its stock
▼ + stars: | 2023-11-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Microsoft's (MSFT) bold move to hire ousted OpenAI CEO Sam Altman after days of chaos will help the software and cloud giant widen its lead in artificial intelligence. Greg Brockman, another OpenAI co-founder as well as its president and chairman, also departed and joined Altman to lead a new AI effort at Microsoft. OpenAI, the company behind ChatGPT, is a key AI partner of Microsoft, which has invested billions of dollars in the startup. "A lot of people could be poached" from OpenAI, Jim speculated. Reception for Copilot, a generative AI tool for Microsoft 365 productivity apps, has also been very positive as well.

Persons: Sam Altman, OpenAI, Altman, Greg Brockman, I've, Jim Cramer, Jim, Brockman, Satya Nadella, Emmett Shear, Nadella, Jim Cramer's, Gary Hershorn Organizations: Microsoft, NBC, OpenAI, CNBC, NEW, Corbis, Getty Locations: OpenAI, NY, New York City

☆ Former Yahoo CEO Marissa Mayer delivers sharp-elbowed rebuke of OpenAI's 'broken' board
▼ + stars: | 2023-11-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Marissa Mayer slammed OpenAI's 'broken and underadvised' board on social media. AdvertisementMarissa Mayer has some harsh words for OpenAI's board. "The fact that Ilya now regrets just shows how broken and underadvised they are/were," Mayer wrote on social media. OpenAI's bylaws allow board members to both appoint and remove other board members with a majority vote, Wired reported. In the case of OpenAI, which had only six board members, a majority vote meant only four board members needed to agree on a change to approve it.

Persons: Marissa Mayer, OpenAI's, OpenAI, Sam Altman, Mayer, —, Altman, Ilya Sutskever, Sutskever, Emmett Shear, Ilya, Reid Hoffman, Shivon Zilis, Will Hurd, spokespeople, Hoffman, Brian Chesky Organizations: Yahoo, Service, Twitter, Google, Microsoft, Wired, Republican, ppl Locations: OpenAI

☆ ChatGPT's father Sam Altman was ousted by OpenAI's board then took a top job at Microsoft over the weekend. Here's how investors, analysts, and insiders reacted to the drama.
▼ + stars: | 2023-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Sam Altman was ousted from OpenAI then accepted a top job at Microsoft over the weekend. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the course of a whirlwind weekend, OpenAI cofounder Sam Altman was ousted from ChatGPT's parent company and promptly accepted a job running a new AI research team at Microsoft. [Microsoft CEO Satya] Nadella says they're still committed to OpenAI. (Ware predicted brain drain as other OpenAI employees follow Altman to Microsoft or join other rivals now he's no longer in charge.)

Persons: Sam Altman, OpenAI, —, Microsoft didn't, Dan Ives, Altman, — that's, Jason Ware, They've, Satya, Nadella, they're, They're, Ware, Ben Laidler, Emmett, Joshua Mahony, Jim, Fan, Satya swoops, I'm, Jason Calacanis, It's Organizations: Microsoft, Wall Street, Service, Nasdaq, Albion Financial, CNBC, Markets, Nvidia Locations: OpenAI

☆ OpenAI's employees were given two explanations for why Sam Altman was fired. They're unconvinced and furious.
▼ + stars: | 2023-11-20 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

OpenAI 's current independent board has offered two examples of the alleged lack of candor that led them to fire co-founder and CEO Sam Altman, sending the company into chaos. Staff had spent the day expecting to be told of the reinstatement of Altman as CEO. Sustkever is said to have offered two explanations he purportedly received from the board, according to one of the people familiar. One explanation was that Altman was said to have given two people at OpenAI the same project. These explanations didn't make sense to employees and were not received well, one of the people familiar said.

Persons: OpenAI, Sam Altman, Ilya Sutskever, Emmett Shear, Mira Murati, Altman, Shear, Sutskever, Sustkever, it's, Satya Nadella, Adam D'Angelo, Tasha McCauley, Helen Toner, Setskever, Greg Brockman, Murati, she's, Kali Hays Organizations: Twitch, Business, Staff, Google, OpenAI, Murati, Microsoft, Georgetown Center for Security, Emerging Technology, Twitter Locations: OpenAI's San Francisco, khays@insider.com, @hayskali

☆ Catch up on the OpenAI’s wild 60 hours… in 60 seconds
▼ + stars: | 2023-11-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. OpenAI’s strategic partners, including investor Microsoft, were also reportedly informed of Altman’s ouster minutes before the board’s announcement. Microsoft CEO Satya Nadella reportedly mediated the discussion. Hundreds of employees on Monday morning signed an open letter calling on the company’s board to resign and reinstate Altman and Brockman. The Verge reported Monday afternoon that Altman and Brockman could still return to OpenAI if the board members who fired him resign.

Persons: Sam Altman —, he’d, OpenAI, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, “, what’s, ” Brockman, Kara Swisher, Joel Saget, Satya Nadella, Nadella, Brockman, Emmett Shear, Murati, openai, ” Altman Organizations: New, New York CNN, Microsoft, Google, Getty, OpenAI Locations: New York, AFP, OpenAI

☆ Nvidia earnings will give Wall Street a peek into AI demand heading into 2024
▼ + stars: | 2023-11-20 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. When Nvidia reports fiscal third-quarter results Tuesday, analysts are expecting to see revenue growth of over 170%. Heading into the Thanksgiving holiday, Wall Street will be closely scrutinizing the company that's been at the heart of this year's artificial intelligence boom. In particular, the emergence of AMD in the generative AI market presents a new dynamic for Nvidia, which has mostly had the AI graphics processing unit (GPU) market to itself. "NVDA needs to forcefully counter the narrative its products are too expensive for generative AI inference," the Bank of America analysts wrote.

Persons: Jensen Huang, that's, Lisa Su, Raymond James, OpenAI's, Sam Altman, OpenAI, Emmett Shear, Satya Nadella, Altman, Greg Brockman, Jensen, Eric Jackson Organizations: Nvidia, " Bank of America, AMD, Bank of America, FactSet, LSEG, Microsoft, Cailian Press Locations: China, OpenAI

☆ This is the wildest coup in Silicon Valley history
▼ + stars: | 2023-11-20 | by ( Michael Cogley | ) www.businessinsider.com time to read: +6 min

The wildest coup in Silicon Valley's history just took place over the last 48 hours. OpenAI booted CEO Sam Altman, nearly hired him back, then went with 2 other CEOs. Sam Altman has now been scooped up as an employee by Microsoft, OpenAI's biggest investor. Sam Altman had met with world leaders, including British Prime Minister Rishi Sunak, in London earlier in the month. But Microsoft CEO Satya Nadella has not let a good crisis go to waste.

Persons: OpenAI, Sam Altman, Altman, —, Mira Murati, Emmett Shear, Greg Brockman, — Aaron Levie, ❤️ emojis, AngelList, Babak Nivi, OpenAI's, Rishi Sunak, Kamala Harris, Ursula von der Leyen, Alastair Grant, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Mary, Gary Marcus, Sam, 👉, Gary, Satya Nad Organizations: Microsoft, Service, British, AI, Georgetown's Center for Security, Emerging Technology, usl Locations: London

☆ OpenAI's wild weekend just upended the world of AI
▼ + stars: | 2023-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK 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 . OpenAI, the hottest startup in the world thanks to its chatbot ChatGPT, fired Altman on Friday afternoon. AdvertisementBut according to reports over the weekend, OpenAI investors were scrambling to reinstate Altman before today's opening bell. Advertisement"The board no longer has confidence in his ability to continue leading OpenAI," the post went on to say.

Persons: —, Michaels, Sam Altman's, Sam Richard A, Sam Altman, OpenAI, Altman, Greg Brockman, Satya Nadella, It's, Mira Murati, Emmett Shear, Ilya Sutskever, Alistair Barr, Altman wasn't, Alistair, Larry Fink, Fink, Arnd Wiegmann, Warren Buffett, Berkshire Hathaway, Lee Munson, there's, Andy Jassy, Anna Kim, Joe Biden, Harry Truman, Robert F, Kennedy, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hobby, OpenAI, Microsoft, Altman, BlackRock, Reuters, Berkshire, Wealth, Web, Associated, Turkey, Getty, Wars Locations: OpenAI, BlackRock, Turkey, New York City, San Diego, London, New York

☆ OpenAI is hiring former Twitch CEO Emmett Shear to run company two days after ousting Sam Altman
▼ + stars: | 2023-11-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Emmett Shear, former CEO of Twitch, in a Bloomberg Television interview in San Francisco, California, U.S., on Wednesday, Sept. 14, 2016. OpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence company, two days after the sudden ouster of Sam Altman, CNBC has confirmed. Unlike most Silicon Valley startups, OpenAI wasn't structured like a typical corporation with large chunks of equity controlled by the founders. Shear stepped down as CEO of Twitch, the livestreaming service now owned by Amazon , in March. — CNBC's Ari Levy contributed to this reportWATCH: Madrona's Matt McIlwain talks Sam Altman's departure as OpenAI CEO

Persons: Emmett Shear, Twitch, OpenAI, Sam Altman, Shear, Altman, Mira Murati, didn't, Murati, — CNBC's Ari Levy, Matt McIlwain, Sam Altman's Organizations: Bloomberg Television, CNBC, Bloomberg, Microsoft, Tiger, Sequoia Capital, Amazon, OpenAI Locations: San Francisco , California, U.S

☆ Twitch's CEO has been living his own version of the van life
▼ + stars: | 2023-11-10 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

Twitch CEO Dan Clancy is traveling the US in a van to meet top streamers and hear their concerns. AdvertisementAdvertisementTwitch CEO Dan Clancy is taking an unusual approach to strengthen the relationship between the company's leadership and its community of creators. Higa previously raised over $500,000 in a single online auction to fund her animal sanctuary with help from other big streamers. AdvertisementAdvertisement"He asked a lot of questions about how it works, and how we use Twitch," Higa told Bloomberg. Clancy went viral earlier this year after giving an impromptu singing performance in a Twitch livestream.

Persons: Dan Clancy, Clancy, Emmett Shear, —, He's, Twitch, Tyler, Ninja, Blevins, Higa, DJClancy, John Denver's Organizations: NASA, Service, Bloomberg

☆ Amazon loses One Medical CEO a year after acquiring primary care provider
▼ + stars: | 2023-09-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amir Dan Rubin, CEO of primary care provider One Medical, which Amazon acquired about a year ago, is leaving the company later this year. Twitch CEO Emmett Shear resigned from Amazon in March, and Whole Foods CEO John Mackey retired last year. Amazon has looked to shore up its presence in health care through the One Medical and PillPack deals, as well as by developing services in-house. Last August, the company shuttered its Amazon Care telehealth service amid broader cost-cutting efforts. Haven, a joint venture intended to disrupt health care, disbanded in 202.

Persons: Amir Dan Rubin, Neil Lindsay, Rubin, Trent Green, Trent, PillPack, TJ Parker, Elliot Cohen, Twitch, Emmett Shear, John Mackey, It's Organizations: Amazon, Amazon Health Services, CNBC, Washington Post, Federal Trade Commission, Whole Foods Locations: Haven

☆ I quit Goldman Sachs after only a year. Here's how I knew leaving for a tech startup was the right career move.
▼ + stars: | 2023-05-15 | by ( Chris Hladczuk | ) www.businessinsider.com time to read: +8 min

Chris Hladczuk leads growth at Meow, a fintech startup, after quitting Goldman Sachs. I picked a weird day to quit — it was my 24th birthday and I called my boss to tell her I was leaving Goldman Sachs. The power of Goldman SachsI love Goldman because it taught me how to win. With my future career in mind, is my pace of learning higher at Goldman in investment banking or at an early-stage startup? Chris Hladczuk currently leads growth at fintech startup Meow.

☆ Twitch's new CEO has some pipes! A clip of him singing 'Take Me Home, Country Roads' during an impromptu, low-key livestream has gone viral.
▼ + stars: | 2023-05-12 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

Earlier this week the new CEO of Twitch, Dan Clancy, took to his own channel for an impromptu performance. The former NASA researcher started singing classic songs, including 'Take me Home, Country Roads.' Twitch's new CEO, Daniel Clancy, took over the top job at the company in mid-March following the departure of previous CEO Emmett Shear. A clip from an impromptu, after-hours Twitch broadcast — Clancy began streaming on May 10 at 7 PM PT, with a keyboard and microphone at his disposal — has gone viral, showing the former NASA researcher singing "Take Me Home, Country Roads." "*Twitch's CEO has been banned due to copyright infringement*," one user joked in a reply to the now viral video.

☆ Leaked email shows even Twitch's CEO was caught off guard by Amazon's layoffs: 'I'm disappointed to share the news this way'
▼ + stars: | 2023-04-03 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

The CEO of Amazon-owned Twitch wrote that he's "disappointed" to share news of layoffs before each affected employee was told. His email reflects Amazon's lack of transparency over its layoff process, which affected roughly 25,000 employees since late last year. Amazon employees have complained about the ambiguity, which contradicts the company's commitment to creating "Earth's Best Employer." The email was separate from the public message Clancy shared on Twitch's blog on the same day. Just over 400 people were let go at Twitch as part of the new 9,000 being cut, this email explained.

☆ Twitch cofounder says he’s stepping down as CEO to raise his baby: ‘I want to be fully there for my son as he enters this world’
▼ + stars: | 2023-03-17 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Twitch CEO Emmett Shear announced he is stepping down to care for his newborn son. "Twitch has been like my family, the place I've spent more of my waking hours than anywhere else," Shear wrote on Twitch's blog Thursday. "So it is with great poignancy that I share my decision to resign from Twitch as CEO," Shear wrote. "I want to be fully there for my son as he enters this world and I feel ready for this change to tackle new challenges. "Thank you, everyone, for your support, your critical thoughts, your trust, and your help," Shear wrote.

☆ Twitch CEO Emmett Shear to step down, president Clancy to take over
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - Amazon.com Inc-owned (AMZN.O) Twitch's Chief Executive Officer Emmett Shear said on Thursday he will resign from the role after over 16 years at the live video streaming company. Twitch's president, Dan Clancy, who has been at the company since 2019 will take on the role of CEO effective immediately, Shear said in a blog post, adding that he will remain on as an advisor. "In October 2006 we started working on live video for the internet. More than 16 years later, I'm now a father and ready to move to my next phase of life," Shear tweeted. Shear co-founded live streaming platform Justin.tv which became Twitch in 2011 and quickly gained traction in the gaming community.

☆ Amazon's Twitch CEO steps down nearly 10 years after acquisition
▼ + stars: | 2023-03-16 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

Emmett Shear, the CEO of Amazon 's live streaming service Twitch, is stepping down from his role, effective immediately, the company announced Thursday. After buying Twitch, Amazon was largely hands-off with the business, though it has offered Prime subscribers perks on the live streaming platform, like free games and in-game loot. Shear will be replaced by Twitch President Dan Clancy, who has been a "close partner" to Shear, he wrote in a blog post. "Twitch will always remain part of my extended family, a community where I grew in so many ways alongside Twitch itself." Earlier this month, Ring CEO Jamie Siminoff announced he was stepping down from his role at the home security subsidiary.

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