DIRS.INFO The most relevant business & tech news

☆ Tensions With Iran Add to Pakistan's Economic Challenges
▼ + stars: | 2024-01-18 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

Pakistan conducted strikes inside Iran, targeting separatist Baloch militants two days after Tehran said it had attacked the bases of another group within Pakistani territory. It is undergoing a tough $3 billion International Monetary Fund (IMF) bailout programme that pulled it from the brink of default last summer. Pakistan's international bonds fell after its foreign ministry said it conducted strikes inside Iran on Thursday, two days after Tehran attacked the bases of another group within Pakistani territory. Earlier in the day, Pakistan's benchmark share index fell 1.6% after Pakistan said it conducted strikes inside Iran, before recovering some ground. Pakistan's economic ties with Iran, while not huge, are important for Islamabad as it struggles to supply its western- most regions in Balochistan with critical commodities, including fuel and electricity.

Persons: Aneel Salman, Salman, Pakistan's, Hasnain Malik, Ariba Shahid, Karin Strohecker, Amanda Cooper, Bernadette Baum Organizations: Baloch, Monetary Fund, Liquified Petroleum Gas, Islamabad Policy Research Institute, Pipeline Locations: KARACHI, LONDON, Pakistan, Iran, Tehran, Tradeweb, Islamabad, Balochistan, Afghanistan, Russia, India, Karachi, London

☆ Singapore transport minister resigns after being charged with corruption in a first for the city state
▼ + stars: | 2024-01-18 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

CNN —Singapore’s Transport Minister S. Iswaran has resigned after being charged with corruption on Thursday, the prime minister’s office said, confirming a historic development for a city state that prides itself on having a squeaky-clean government. The charges against Iswaran are part of the biggest corruption probe to engulf Singapore’s ruling People’s Action Party (PAP) in decades. Singapore’s anti-graft agency, the Corrupt Practices Investigation Bureau (CPIB), which reports directly to Prime Minister Lee Hsien Loong, has been leading investigations into Iswaran’s case. Lee is the eldest son of Lee Kuan Yew, Singapore’s first prime minister and founding father. The corruption probe into Ong and Iswaran comes at a sensitive time for Lee as he plans to step aside after nearly 20 years leading the country.

Persons: Iswaran, Tan Kiat Pheng, Ong Beng Seng, Ong, Lee Hsien Loong, Lee, ” Lee, Lee Kuan Yew, Singapore’s, ” Eugene Tan, ” Organizations: CNN, Singapore’s, Iswaran, Action Party, Singapore, Prix, Practices, Party, Government, Ong, Singapore Management University Locations: Singapore

☆ Pentagon inspector general announces review of Austin hospitalization, notification
▼ + stars: | 2024-01-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

US Defense Secretary Lloyd Austin speaks to the press on August 18, 2021, at the Pentagon in Washington, DC. The Defense Department inspector general's office has launched a formal investigation into Defense Secretary Lloyd Austin's failure to notify the White House and Congress of his emergency hospitalization. The inspector general's office will "assess whether the DoD's policies and procedures are sufficient" to ensure proper communication when senior leadership is unavailable for medical or other reasons. The inspector general's office is independent from the Pentagon. In a statement Jan. 5, Austin said that he "could have done a better job ensuring the public was appropriately informed."

Persons: Lloyd Austin, Lloyd Austin's, Austin, Jan, Joe Biden, Biden's, Jeff Zients, Walter Reed, Biden Organizations: US, Pentagon, The Defense, White House, Congress, Senate, Walter Reed National Military Medical, National Security Council Locations: Washington ,, Puerto Rico, Washington, Austin, Red, The U.S, Baghdad, Iranian

☆ Getting hot new weight-loss drugs like Wegovy will still be a struggle in 2024
▼ + stars: | 2024-01-04 | by ( ) www.businessinsider.com time to read: +11 min

AdvertisementIf you were hoping that powerhouse weight-loss drugs like Wegovy would be easier to get in 2024, you may be disappointed. Don't expect Medicare coverage any time soonMedicare could play a major role in expanding coverage of weight-loss drugs . Americans' hunger for weight-loss drugs, and the shockwaves it's likely to send through the culture and economy, are only just beginning. He oversees the state employee health plan, which saw costs skyrocket as thousands of workers suddenly started taking weight-loss drugs. People who are already getting weight-loss drugs will be able to keep taking them.

Persons: —, Renee Rayburg, Mercer, Eli Lilly's, Jose Luis Pelaez, there's, Wegovy, Bill Coyle, ZS, Eli Lilly, David Risinger, Lilly, Risinger, Morgan Stanley, Mounjaro, They're, That's, Patrik Jonsson, Lilly USA, Coyle, Dale Folwell, Folwell Organizations: Service, Pharmaceutical, Group, Novo Nordisk's Wegovy, Mayo Clinic, University of Texas, Hennepin Healthcare, Medicare, Capital Alpha Partners, Vanderbilt University, Nordisk's Wegovy, Novo Nordisk, pharma, Nordisk's, FDA, Pharma, UBS BioPharma Conference, Walmart, Jefferies, Nordisk Locations: Mounjaro, Government, Minnesota, Minneapolis, Hennepin, ZS, U.S, Carolina, North Carolina

☆ An EU wealth tax and the end of U.S. capitalism: One bank’s ‘outrageous’ predictions for 2024
▼ + stars: | 2023-12-05 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

An EU wealth tax, the "end of capitalism" in the U.S. and a major health crisis arising from obesity drugs are just some of the "outrageous predictions" put forward by Saxo Bank in a report published Tuesday. Heading into 2024, the Danish investment bank suggested the world is at an "inflection point, with the familiar road of the last decade coming to an end." The predictions focus on a "series of unlikely but underappreciated" events that if they were to occur, would "send shockwaves across the financial markets." This would be rendered more likely if the population "realises how little in tax billionaires are actually playing," he speculated, with social unrest frequently simmering across the continent. In the Netherlands, it is even better to be a billionaire, as the average tax rate is below what US billionaires pay, Garnry noted.

Persons: Irene, I've, Steen Jakobsen, Robin Hood, Peter Garnry, Garnry Organizations: Saxo Bank, CNBC, EU, European Union, Equity Locations: Lower Manhattan , New York, EU, U.S, Ukraine, North America, East Asia, France, Netherlands

Never Back Down, the super PAC supporting the Republican’s White House bid, abruptly let go three key senior staffers that evening, including an interim CEO who had just been installed nine days earlier. The sudden departures sent shockwaves throughout DeSantis’ political operation, from Tallahassee to Des Moines. One of the dismissed operatives had appeared that day at a super PAC event in Sioux City, Iowa, that featured DeSantis. “They’re a laughingstock.”Jess Szymanski, a spokeswoman for the super PAC, dismissed the outside criticism. After months of watching ads and receiving mailers from the super PAC, voters seemed unaware – and unfazed – by the duplication.

Persons: Ron DeSantis, DeSantis, Donald Trump, ” DeSantis, “ It’s, DeSantis –, –, David Polyansky, ” Polyansky, Kristin Davison, Adam Laxalt, caucusgoers, ”, canvasser, “, ” Jess Szymanski, Loren Reit, Reit, “ We’ve, NBD Organizations: Iowa CNN, Florida Gov, PAC, CNN, Republican, Iowa, Outsiders, Trump, GOP, Washington Post, Gov, Cody, “, Iowa - Locations: Newton, Iowa, Tallahassee, Des Moines, Sioux City , Iowa, Florida, DeSantis, Nevada, United States, Eldridge, Clive, Spencer, Iowa - South Dakota, “

☆ Why Florida State was left out of the College Football Playoff and why it’s so controversial
▼ + stars: | 2023-12-04 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

CNN —Sunday’s announcement of the four teams selected for the College Football Playoff sent shockwaves through the sport. Instead of folding, Florida State rallied, coming from behind on the road to defeat Florida in Gainesville with backup quarterback Tate Rodemaker. With the selection, the Crimson Tide will make its eighth appearance in the College Football Playoff, the most of any team. Speaking on ESPN on Sunday, College Football Playoff committee chair Boo Corrigan explained why FSU was left out of the top four. It renders the season up to yesterday irrelevant and significantly damages the legitimacy of the College Football Playoff.

Persons: CNN —, ”, Michael Alford, Jordan Travis, Tate Rodemaker, Brock Glenn, Boo Corrigan, Corrigan, “, ” Jordan Travis, Colin Hackley, Cari, Poppy Harlow, Phil Mattingly, Jordan, Travis, wouldn’t, Nick Saban, Mike, Norvell, I’d, Dan Wolken, –, ” Alford, Alford, ” Norvell, Mike Norvell, Charles LeClaire, Jaylan Ford, ” Ford, They’re, They’ve Organizations: CNN, College Football, Michigan Wolverines, Washington Huskies, Texas Longhorns, Alabama Crimson Tide, Florida State Seminoles, Florida State University, FSU, Florida State, Seminoles, North Alabama, Atlantic Coast Conference, Louisville, Cardinals, Alabama, Crimson Tide, ESPN, Sunday, ” The College, Georgia Bulldogs, Orange Bowl, SEC, USA, LSU, Florida, “, Tide, ”, Twitter, Power, BCS, Pittsburgh Panthers, Reuters, Rose Bowl, Washington, Caesars Locations: Florida, Gainesville, Grapevine , Texas, Alabama . Alabama, –, Alabama, Michigan, Texas, ”, Pasadena , California, New Orleans

☆ Florida GOP chair defies DeSantis, won’t step down as new details of sexual assault allegation emerge
▼ + stars: | 2023-12-03 | by ( Steve Contorno | Carlos Suarez | ) edition.cnn.com time to read: +7 min

Ziegler admitted to having sex with the alleged victim, but said the sex was consensual and that he recorded the encounter. In one alleged exchange on October 27, the alleged victim wrote: “I’m not okay with what happened the other day between us”. “Yeah I know but that was not cool and you didn’t bring her [Bridget] and then did that to me,” the alleged victim responded. In one call, the alleged victim allegedly told Ziegler “he sexually assault her” and Ziegler replied, “Those are big words, please don’t, no I didn’t. Christian Ziegler, 40, has also fiercely defended DeSantis’ agenda against national backlash from LGTBQ groups.

Persons: Ron DeSantis, Christian Ziegler, –, ”, Ziegler, Bridget, “, Christian, Christian “, Bridget Ziegler, “ Christian, That’s, Lol, ” Ziegler, Ziegler “, Derek Byrd, ” Byrd, DeSantis, Walt Disney, ” DeSantis, I’ve, They’ve Organizations: CNN, Florida’s Republican Party, Florida Gov, GOP, Sarasota Police Department, Florida Center, Government, Christian, Police, Google, ” CNN, Sarasota County, Liberty, Walt, Washington Examiner Locations: that’s, Florida, Central Florida

☆ Opinion: Why crypto was the perfect tool for criminals and kleptocrats
▼ + stars: | 2023-12-02 | by ( Opinion Casey Michel | ) edition.cnn.com time to read: +6 min

CNN —The news last week of money laundering charges against crypto exchange Binance and its CEO, Changpeng Zhao, sent shockwaves through both financial markets and crypto consumers alike. But for those familiar with the history of modern money laundering, they’re hardly surprising. Over and again, everything from Manhattan high-rises to Malibu beachfronts to Midwest manufacturing plants have allegedly housed illicit wealth, easily and anonymously. But crypto was also, in many ways, the perfect tool for kleptocrats and criminals trying to dodge sanctions and duck investigators. Like banks, real estate and more before it, the best days of the crypto industry as a haven for money laundering may yet be behind it.

Persons: Casey Michel, Changpeng Zhao, Zhao, ”, Versha Sharma, Hamas’s Al, they’re, —, kleptocrats Organizations: CNN, Wall Street Journal, Binance, Hamas’s, ISIS, Patriot Locations: Washington, American, Manhattan, Malibu, Midwest

☆ Lawyer of fugitive Wirecard executive called to testify in court
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Michael Dalder/File Photo Acquire Licensing RightsBERLIN, Dec 1 (Reuters) - A German court has called upon the lawyer of former Wirecard board member Jan Marsalek, who has been on the run since the implosion of the German payments company, to testify next Wednesday in Germany's biggest post-war fraud trial. Wirecard became the first-ever DAX member to file for insolvency in 2020, owing creditors almost $4 billion, after disclosing a 1.9 billion euro ($2.13 billion) hole in its accounts. Marsalek, Wirecard's former chief operating officer, is considered a key figure in the Wirecard scandal and an international fugitive on Europe's most-wanted list. In July he had contacted the Munich court through his lawyer - although neither the lawyer nor authorities disclosed the content of this written communication. A court spokesperson said on Friday that lawyer would now be questioned as a witness in the case.

Persons: Michael Dalder, Jan Marsalek, Wirecard, DAX, EY, Joern Poltz, Sarah Marsh, Leslie Adler Organizations: Wirecard AG, REUTERS, Rights, Thomson Locations: Aschheim, Munich, Germany, Marsalek

They would also investigate the company's affairs and could refer any suspected misconduct by directors to Hong Kong prosecutors. Evergrande could appeal a liquidation order, but the liquidation process would proceed pending appeal. China Oceanwide Holdings (0715.HK) suspended its shares in September after a Bermuda Court issued a liquidation order. So far over 53 billion yuan ($7.2 billion) of Evergrande's assets have been seized or frozen across China, local media have reported, citing court records. ($1 = 7.3170 Chinese yuan renminbi)Reporting by Clare Jim in Hong Kong and Scott Murdoch in Sydney; Editing by Sumeet Chatterjee, Lincoln Feast and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: David Kirton, EVERGRANDE, Evergrande, Hui Ka Yan, Clare Jim, Scott Murdoch, Sumeet Chatterjee, Lincoln, William Mallard Organizations: China Evergrande, REUTERS, HK, China Oceanwide Holdings, Bermuda Court, Evergrande, Services, New Energy Vehicle Group, Thomson Locations: Shenzhen, Guangdong province, China, HONG KONG, Hong Kong, Guangzhou, Sydney

☆ New book reignites British royal race row
▼ + stars: | 2023-11-30 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

The couple declined to say which unnamed royal had made the remarks, although Winfrey later clarified it was neither the late Queen Elizabeth nor her husband Prince Philip. Harry, the younger son of King Charles, said in a subsequent 2023 TV interview, neither he nor Meghan had accused anyone in their family of racism. But a new book about the royals written by journalist Omid Scobie has brought the issue back to the fore, making front page news again Britain this week. KING IN DUBAIIn his TalkTV show on Wednesday, the royals allegedly involved were also named by British broadcaster Piers Morgan, a vocal critic of Harry and Meghan. Neither Buckingham Palace nor any of the royal family's offices have commented on the book, but the Daily Mail said officials were considering all options, including legal action.

Persons: Prince Harry, Duke of Sussex, Meghan, Duchess, Sussex, Meghan's, Oprah Winfrey, shockwaves, Archie, Winfrey, Queen Elizabeth, Prince Philip, Prince William, Harry, King Charles, Omid Scobie, Scobie, Charles, Xander Uitgevers, there's, Piers Morgan, Bola Tinubu, Buckingham, Michael Holden, Alison Williams Organizations: Mental Wellness, U.S, RTL, KING, DUBAI, Daily Mail, Thomson Locations: New York City, U.S, Buckingham, Britain, Dutch, British, Dubai

LOS ANGELES (AP) — A high-profile entertainment marketing consultant was targeted by a woman who had been stalking one of his friends before she fatally shot him after her forcing her way inside his Los Angeles home, prosecutors said Thursday. This week's slaying of Michael Latt sent shockwaves through Hollywood as the suspect faces charges of murder and burglary. Latt, 33, had worked on projects with filmmakers including Ryan Coogler and Ava DuVernay, as well as rap artist Common. Prosecutors allege that Jameelah Elena Michl, 36, knocked on his home's door and forced herself inside once it was open. Latt had also worked at the Sundance Institute, which issued a statement on behalf of his family.

Persons: Michael Latt, shockwaves, Ryan Coogler, Ava DuVernay, Jameelah Elena Michl, haven’t, Michl, Oscar Grant, Michael B, Jordan, Michelle Satter, Quentin Tarantino, David Latt, Latt, “ Michael, ” Latt, “, Forbes, Lindsey Bahr Organizations: ANGELES, Prosecutors, Angeles County, Attorney's, Love, Sundance, Sundance Institute, Justice Locations: Los Angeles, Hollywood, ”, Oakland , California

☆ Sam Altman really, really doesn't want to talk about why he was fired
▼ + stars: | 2023-11-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

It's still unclear why the former OpenAI board fired Sam Altman. The new board is conducting an independent review into the matter, and Altman is again CEO. Everyone is still wondering why exactly the board pushed him out, but Altman isn't ready to talk about it yet. AdvertisementInstead, Altman said he's "looking forward to learning more" from an independent review being conducted by the new board of OpenAI. AdvertisementThe chaotic ordeal started with an announcement of Sam Altman being out as CEO and CTO Mira Murati assuming the role in an interim capacity.

Persons: It's, Sam Altman, Altman, —, OpenAI's, Mira Murati, Sam, Bret Taylor, Larry Summers, Adam D'Angelo Organizations: Service, Microsoft Locations: OpenAI

☆ A Singaporean couple built 500 homes on the Ukrainian frontlines as the war raged around them. Here's how they did it.
▼ + stars: | 2023-11-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

Lam Baoyan and Rudy Taslim are a Singaporean couple who built 500 emergency homes in Ukraine. Lam Baoyan and Rudy Taslim. A team of Ukrainian aid workers helps them identify people who need homes the most and coordinate delivery. Rudy Taslim and Lam Baoyan. Lam Baoyan and Rudy Taslim.

Persons: Lam Baoyan, Rudy Taslim, they've, —, Lam, Lam's, Taslim, Rudy Taslim Lam, who'd, she'd, it's, couldn't, hadn't, Moshchun —, We've, Yulia, Andrii Lupaniek, Lupaniek, Lyman Organizations: Service, Business, Genesis Architects, Labor, BI, Cross Singapore, Singapore Locations: Ukraine, Ukrainian, Russian, Singapore, TKTK, Bad Blankenburg, Germany, Russia's, Poland, Lviv, Maldives, Taiwan, New Zealand, Lam, Lyman, Irpin, Moshchun, Ternopil, Kyiv

☆ Opinion: Iceland’s magnificent nature comes with a monster
▼ + stars: | 2023-11-23 | by ( Opinion Catharine Fulton | ) edition.cnn.com time to read: +7 min

Hikers are silhouetted against rivers of lava flowing from a volcanic eruption between Iceland's Myrdalsjokull and Eyjafjallajokull glaciers in March, 2010. Residents have been evacuated amid an imminent volcanic eruption. • Join us on Twitter and FacebookThe monster had burrowed a 15-kilometre lava tunnel that stretched beneath the town. Not since the Westman Islands awoke to an eruption in their backyard in 1973 has an entire town been evacuated. Now everyone waits and watches and wonders if residents of Grindavík will ever go back home.

Persons: Catharine Fulton, Read, Reykjavík, Reykjavík CNN —, NordicPhotos, there’s, Micah Garen Organizations: Reykjavík CNN, Geographic, Red, Icelandic Meteorological, CNN, Twitter Locations: Canadian, Reykjavik, Reykjavík, Iceland, Fimmvörðuháls, balaclava, Toronto, Grindavík, Grindavik

☆ Far-right anti-Islam candidate clinches shock Dutch election win. Here's what comes next
▼ + stars: | 2023-11-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Dutch voters have gone to the polls today in one of the most tightly contested general elections in recent years. Next stepsForming a coalition in the 150-seat Dutch parliament is typically lengthy and difficult, even where the victor is not a political pariah. There is still no guarantee Wilders will become the new prime minister, even with his Freedom Party (PVV)'s 37 seats. On fiscal policy, Wilders' party has a "clear populist" bent, said Ester Barendregt, chief economist at Rabobank. Certainly one wish of Geert Wilders is to pay less to Europe.

Persons: Geert Wilders, Carl Court, shockwaves, Wilders, Mark Rutte, Sarah de Lange, Pieter Omtzigt's, de Lange, CNBC's, Ester Barendregt, Barendregt, Liza Mügge Organizations: Party for Freedom, Getty, European Union, Freedom Party, Department of Political Science, University of Amsterdam, Party, Rabobank Locations: SCHEVENINGEN, NETHERLANDS, Dutch, Scheveningen , Netherlands, Netherlands, Brussels, Ukraine, policymaking, U.S, China, Europe

☆ What the "Letter to America" backlash could mean for the first major "TikTok election"
▼ + stars: | 2023-11-22 | by ( Jasmine Enberg | ) www.businessinsider.com time to read: +6 min

Osama Bin Laden's 2002 "Letter to America" went viral, sparking discourse on TikTok's misinformation problem. 2024's "TikTok election" will have a major impact on how people consume political news. TikTok videos of American users sympathizing with the letter sparked shockwaves and a deluge of commentary that reverberated far beyond the 'For You' feed. But many of those posts contained the few dozen TikTok videos in question, and their rapid spread and the ensuing backlash emphasize the dilemma that TikTok faces ahead of what is already shaping up to be a contentious election year. A post on X containing #LettertoAmerica TikTok videos, for example, has racked up over 32 million views and was still up on the platform on Friday, even after TikTok had removed many videos from its own platform.

Persons: Osama Bin, —, TikTok, hashtag, hasn't, Gen, Biden, Meta's Organizations: Service, CNN, Republican, Intelligence, Pew Research Center, Facebook, TikTok Locations: America, Brookings, Facebook's

NEW YORK (AP) — It's been quite a week for ChatGPT-maker OpenAI — and co-founder Sam Altman. And as he became Silicon Valley’s most sought-after voice on the promise and potential dangers of this technology, Altman helped transform OpenAI into a world-renowned startup. WHAT IS GENERATIVE AI? Unlike traditional AI, which processes data and completes tasks using predetermined rules, generative AI (including chatbots like ChatGPT) can create something new. Meanwhile, in the U.S., President Joe Biden signed an ambitious executive order last month seeking to balance the needs of cutting-edge technology companies with national security and consumer rights.

Persons: — It's, OpenAI —, Sam Altman, Altman, what's, —, Greg Brockman, Brockman, “, OpenAI, ”, Johann Laux, Enza Iannopollo, Forrester, Iannopollo, they’ve, Chatbots, Joe Biden Organizations: OpenAI, WHO, ALTMAN, Microsoft, Twitter, Oxford Internet, Tech, European Union Locations: San Francisco, Brussels, U.S

☆ OpenAI’s Cast of Characters
▼ + stars: | 2023-11-22 | by ( Jennifer Korn | Paul Glader | ) edition.cnn.com time to read: +12 min

Before OpenAI, Altman was president of Y Combinator, mentoring a host of founders and expanding his network in Silicon Valley. “We are encouraged by the changes to the OpenAI board,” he wrote on X on Wednesday. Mira MuratiNamed by the OpenAI board as Altman’s interim successor on Friday, Murati was replaced by Shear before the weekend was done. In September, she joined the board of directors of Shield AI, a defense technology company building AI pilot technology for aircraft. Will HurdAfter joining the OpenAI board in 2021, Hurd was the third director to exit in 2023.

Persons: OpenAI, Sam Altman, Altman, Elon, Satya Nadella, OpenAI’s ChatGPT, Kiko, Emmett Shear, Y, Nadella, ”, Mira Murati, Murati, Shear, “ Mira, ” Nadella, Ilya Sutskever, Brockman, Sutskever, “, we’ve, Adam D’Angelo D’Angelo, Mark Zuckerberg, D’Angelo, Forbes, ” Bret Taylor, Bret Taylor, Elon Musk, Taylor, Justin Kan, Tasha McCauley McCauley, Joseph Gordon, Levitt, McCauley, Greg Brockman Greg Brockman, Peter Thiel, Musk, Helen Toner Toner, AI’s, Toner, Joshua Kushner Kushner, Kushner, Jared Kushner, Karlie Kloss, Charles Kushner, Donald Trump, Larry Summers Summers, Obama, Clinton, Summers, Shivon Zilis, Zilis, Walter Isaacson, Will Hurd, Hurd, Nikki Haley, Reid Hoffman, Hoffman, OpenAI . Hoffman, He’s Organizations: CNN, Stanford University, Microsoft, OpenAI, Colby College, Dartmouth University, Tesla, Time, Phillips Exeter Academy, California Institute of Technology, Facebook, Twitter, Google, Yale University, Justin.tv, GeoSim Systems, Rand Corporation, Centre, Bard College, University of Southern, Harvard University, MIT, Elon, Georgetown’s Center for Security, Emerging Technology, Open, Oscar Health, Memphis Grizzlies, Harvard College, Harvard Business School, Republican, CIA, Allen & Company, Texas, M University, Reid Hoffman LinkedIn, PayPal, LinkedIn, Greylock Partners, SpaceX, Boring Company Locations: Silicon Valley, St, Louis , Missouri, OpenAI, Seattle , Washington, Israel, University of Southern California, North Dakota, Beijing, Georgetown, Canada, United States, Texas, Oxford

☆ Satya Nadella says he wants governance changes on OpenAI's board but didn't say if Microsoft is getting a seat
▼ + stars: | 2023-11-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Microsoft CEO Satya Nadella said that he wants changes to the OpenAI board after it fired Sam Altman. During these interviews, he offered nothing but praise for recently ousted OpenAI CEO Sam Altman but made comments about OpenAI's board governance. "We just want to make sure that things are done in a way that will allow us to continue to partner well," Nadella told the outlet. Nadella told Swisher that he was blindsided by the Friday ousting of Altman by the board of directors. "I've not been told about anything," Nadella told Bloomberg TV Monday.

Persons: Satya Nadella, Sam Altman, Nadella, Altman, —, Kara Swisher, BloombergTV, Swisher, Sam, Greg Brockman, wasn't Organizations: Service, CNBC, Microsoft, OpenAI, Bloomberg Locations: OpenAI

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

☆ Why you should care about Sam Altman, Microsoft, and the OpenAI CEO mess
▼ + stars: | 2023-11-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Sam Altman was forced out of his position as the CEO of OpenAI on Friday. The announcement kicked off a weekend of chaos involving Altman, Microsoft, and the firm behind ChatGPT. AdvertisementOn Friday afternoon, the tech world reverberated with news that Sam Altman was being pushed out as the CEO of OpenAI, the artificial intelligence firm behind ChatGPT. Why is it so important that OpenAI and Microsoft figure it all out? To back up: Since 2019, Microsoft and OpenAI, which was founded as a nonprofit dedicated to artificial intelligence research, have worked together.

Persons: Sam Altman, Altman, —, Greg Brockman, Brockman, ChatGPT, Satya Nadella, openai, Claude, Bard Organizations: Microsoft, Service, OpenAI, microsoft, Canva, JetBlue Locations: ChatGPT

☆ OpenAI fiasco sends shockwaves across Silicon Valley
▼ + stars: | 2023-11-20 | 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 EmailOpenAI fiasco sends shockwaves across Silicon ValleyJessica Lessin, The Information founder and CEO, Nilay Patel, The Verge editor-in-chief, and CNBC's Steve Kovach and Deirdre Bosa join 'The Exchange' to discuss the fiasco at OpenAI and more.

Persons: Lessin, Nilay Patel, Steve Kovach, Deirdre Bosa Locations: Silicon, OpenAI

☆ OpenAI investors pushing to reinstate Sam Altman as OpenAI's CEO after he was booted from the role: reports
▼ + stars: | 2023-11-19 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +3 min

OpenAI investors are pushing to reinstate Sam Altman, according to Bloomberg and The Wall Street Journal. On Friday, Altman, co-founder of OpenAI, was abruptly removed from his role as CEO. People familiar with the discussions told Bloomberg and The Journal that investors are pressuring the OpenAI's board to reinstall Altman. On Friday, Altman, co-founder of OpenAI, was removed from his role as CEO, blindsiding many within the company and its biggest investor, Microsoft. With Altman out of the company, Mira Murati, OpenAI's chief technology officer and a former Tesla employee, was appointed interim CEO.

Persons: Sam Altman, Altman, Greg Brockman, —, Mira Murati, Sam, Brockman Organizations: Bloomberg, Street, Service, Business, Microsoft, OpenAI, Tesla, New York Times

Search resuls for: "shockwaves"

25 mentions found