Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "shakeup"


25 mentions found


OpenAI shakeup drama: What you need to know
  + stars: | 2023-11-21 | 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 shakeup drama: What you need to knowSteve Sloane, partner at Menlo Ventures, and CNBC's Steve Kovach join 'The Exchange' to discuss whether Sam Altman will go to Microsoft or OpenAI, Anthropic's relationship with OpenAI, and more.
Persons: Steve Sloane, Steve Kovach, Sam Altman, OpenAI Organizations: Menlo Ventures, Microsoft
With Sam Altman's potential return to OpenAI still in question, one group is also left with a lot of uncertainty: OpenAI's startup customers. Those apprehensions were further worsened Monday, when over 700 of OpenAI's employees threatened to resign if he wasn't reinstated. This story is available exclusively to Business Insider subscribers. Several startup founders told Business Insider that they were considering switching to an open source model like Meta's Llama 2, or Anthropic's Claude. Still, several customers like Takeoff AI founder McKay Wrigley are switching to Microsoft's Azure service, which sells copies of OpenAI's models and other models.
Persons: Sam Altman's, OpenAI, Altman, wasn't, Claude, James Blackwell, McKay Wrigley, Sam Altman, Greg Brockman, Morgan Stanley, Wrigley, Charlie Dolan, he's, Anthropic, Guillermo Rauch, Matt McIlwain, We've, McIlwain, Alistair Barr Organizations: Business, Google, Services, Microsoft, OpenAI, Bank Locations: Anthropic
What OpenAI’s turmoil is really all about
  + stars: | 2023-11-21 | by ( Allison Morrow | ) edition.cnn.com   time to read: +7 min
OpenAI’s incredible upheaval — with former CEO Sam Altman caught in the middle — could have broad implications for who gets to control the future of artificial intelligence. However, Microsoft has already won the war: It is OpenAI’s most important stakeholder, with a promised $13 billion investment. In the past year, he has become the public face of the industry, and was instrumental in forging OpenAI’s partnership with Microsoft, which began in 2019. Altman, sources say, wanted to move quickly, while the OpenAI board wanted to move more cautiously. Both achievements are possible, and OpenAI’s strange structure — a nonprofit overseeing a for-profit company — was designed to contain AI from destroying humanity.
Persons: Sam Altman, OpenAI, ChatGPT, Altman, Greg Brockman, Satya Nadella, Kara Swisher, , Jason Schloetzer, Gil Luria, Davidson, , Luria, ” Schloetzer, , — CNN’s Clare Duffy Organizations: New, New York CNN, Microsoft, CNBC, CNN, Georgetown’s McDonough School of Business, D.A, Google Locations: New York, Silicon
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
NRG Energy CEO Exits Amid Board Shakeup
  + stars: | 2023-11-20 | by ( Dean Seal | ) www.wsj.com   time to read: 1 min
Photo: CALLAGHAN O’HARE/REUTERSNRG Energy is replacing its chief executive and adding new members to the board, after a push for new leadership by activist investor Elliott Investment Management. The power company said Monday that Mauricio Gutierrez has stepped down as CEO and resigned from the board. Chairman Lawrence Coben will take over as interim president and chief executive while the board searches for a permanent successor.
Persons: CALLAGHAN O’HARE, Mauricio Gutierrez, Lawrence Coben Organizations: REUTERS NRG Energy, Elliott Investment Management
CNBC's Jim Cramer on Monday dissected the shakeup at high-profile startup OpenAI, saying Microsoft made the right call by offering a role to the company's ousted leader Sam Altman. Cramer criticized the decorum during events that transpired over the weekend, saying the company may not be worth much if the majority of its employees exit to Microsoft or other prominent tech companies. "While I think Microsoft made the right call, it's still crazy how it happened." The company's board announced late Friday it had fired CEO Sam Altman, saying he "was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities." Hundreds of OpenAI employees, including one board member who had signed off on Altman's firing, threatened to leave the company unless OpenAI's remaining board members resigned.
Persons: CNBC's Jim Cramer, Sam Altman, Cramer, Altman, it's, OpenAI, Satya Nadella, Nadella, could've Organizations: Microsoft, CNBC
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe OpenAI shakeup 'blunts the velocity' of the organization, says ARK Invest Chief FuturistBrett Winton, ARK Invest Chief Futurist, joins 'Fast Money' to talk the OpenAI shakeup and why it may be opening the door for competitors to catch up.
Persons: Brett Winton Organizations: ARK Invest
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
Jim Cramer digs into OpenAI's potential impact on Microsoft
  + stars: | 2023-11-20 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer digs into OpenAI's potential impact on Microsoft'Mad Money' host Jim Cramer talks the ousting of OpenAI Co-Founder Sam Altman and what the shakeup could mean for Microsoft.
Persons: Jim Cramer, OpenAI, Sam Altman Organizations: Microsoft
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI might be worth very little if everyone disappears, says Jim Cramer'Mad Money' host Jim Cramer talks the ousting of OpenAI Co-Founder Sam Altman and what the shakeup could mean for Microsoft.
Persons: Jim Cramer, OpenAI, Sam Altman Organizations: Microsoft
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft is in a tough spot as OpenAI's largest investor, says Jason WareJason Ware, Chief Investment Officer at Albion Financial Group, discusses the impact of OpenAI's leadership shakeup on Microsoft, as well as what investors have learned one year after Bob Iger's return to Disney as CEO.
Persons: Jason Ware Jason Ware, shakeup, Bob Iger's Organizations: Microsoft, Albion Financial, Disney
Microsoft announced Monday that it has hired Sam Altman and another architect of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world. Microsoft Chairman and CEO Satya Nadella tweeted that the U.S. tech giant is committed to its partnership with OpenAI, whose chatbot kicked off the generative AI craze by producing human-like text, images, video and music. Microsoft invested billions of dollars in the startup and helped provide the computing power to run its AI systems. “We’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team,” Nadella said. The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives.
Persons: Sam Altman, OpenAI, Satya Nadella, Nadella, Emmett Shear, OpenAI's, Greg Brockman, ” Nadella, Altman, Brockman, Mira Murati, It's, Shear, didn't, , Valley’s, ” OpenAI Organizations: Microsoft, OpenAI, Associated Press Locations: U.S
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. "Sam and OpenAI were the catalyst that showed the world what AI tech is capable of," Jannsen said. Silicon Valley's high-profile startup CEO firings typically involve wrongdoing, rather than just philosophical differences about where the company is headed. "Sam Altman is a hero of mine," former Google CEO and investor Eric Schmidt said in an X post. — CNBC's Lora Kolodny contributed to this report WATCH: OpenAI says Sam Altman exiting as CEO because 'board no longer has confidence.'
Persons: Sam Altman, Carlos Barria, OpenAI, Steve Jobs, Altman, , Jobs, U.S . Altman, Mark Zuckerberg, Jeff Bezos, Elon Musk, Greg Brockman, Brockman, Ron Conway, Greg, Brian Chesky, Matt Schlicht, Schlicht, Sam, Ryan Jannsen, Jannsen, Patrick Moorhead, They're, Moorhead, Josh Wolfe, Wolfe, he'd, Eric Schmidt, Tom Williams, Airbnb's Chesky, what's, Chesky, Satya Nadella, Zachary Lipton, Carnegie Mellon's Lipton, Lipton, — CNBC's Lora Kolodny Organizations: Economic Cooperation, Reuters, ChatGPT, Apple, U.S ., Amazon, Tesla, Microsoft, Tiger, Sequoia Capital, CNBC, Google, Lux Capital, Cq, Inc, Getty, Carnegie Mellon University, Industry Locations: Asia, San Francisco , California, U.S, Silicon Valley, OpenAI, what's,
ATLANTA (AP) — Former first lady Rosalynn Carter, the closest adviser to Jimmy Carter during his one term as U.S. president and their four decades thereafter as global humanitarians, has died at the age of 96. Fiercely loyal and compassionate as well as politically astute, Rosalynn Carter prided herself on being an activist first lady, and no one doubted her behind-the-scenes influence. After Ronald Reagan won the 1980 election, Rosalynn Carter seemed more visibly devastated than her husband. “We developed a partnership when we were working in the farm supply business,” Rosalynn Carter recalled with pride in a 2021 interview with The Associated Press. He listens to her.”Ceremonies celebrating the life of Rosalynn Carter will take place after the Thanksgiving holiday in Atlanta and Sumter County, Georgia, the Carter Center announced Sunday evening.
Persons: , Rosalynn Carter, Jimmy Carter, , “ Rosalynn, Joe Biden, , ” Biden, Jill Biden, Carter, Rosalynn, ” Jimmy Carter, shakeup, Carters, Jimmy Carter’s, Eleanor Roosevelt, We've, Jimmy, Ronald Reagan, Bess Truman, Eleanor Rosalynn Smith, Lillian Carter, John William, Jack, James Earl III, Donnel Jeffery, Jeff, Amy, Carter's, James Earl Sr, ” Rosalynn Carter Organizations: ATLANTA, Carter, Air Force, House, Mental Health, Georgia, White, Habitat, Humanity, Naval Academy, Georgia Southwestern College, Associated Press, Jimmy Carter Presidential Library and Museum Locations: Georgia, Plains, , Norfolk , Virginia, Washington, Latin America, Atlanta, Guinea, Annapolis , Maryland, Annapolis, Portsmouth , Virginia, Honolulu, New London , Connecticut, Sumter County , Georgia
OpenAI investors are pushing to bring back Sam Altman as CEO one day after he was ousted by the board, according to people familiar with the matter. Sequoia Capital has also been in contact with Altman, a person familiar with knowledge of the matter told CNBC. Sequoia also informed Microsoft that it would back efforts to bring back Altman and Brockman, the person said. The Verge first reported on the talks to bring back Altman. In addition to ousting Altman, the company removed Brockman, the chairman, from his board leadership position but said he would remain as president.
Persons: Sam Altman, Altman, Greg Brockman, it's, Sequoia, Brockman, Altman didn't, Mira Murati Organizations: Microsoft, Tiger Global, Sequoia Capital, CNBC, Sequoia Locations: Silicon Valley, OpenAI
The announcement left OpenAI and Microsoft workers "completely shocked," people inside both companies told Business Insider. Another shock came about an hour later when OpenAI co-founder and president Greg Brockman announced that he had "quit" over Altman's ouster. Perhaps there were signs all was not well when it came to OpenAI's business, one Microsoft employee told BI, which Microsoft has reportedly backed to the tune of at least $10 billion. Are you an OpenAI employee or someone with a tip or insight to share? Are you a Microsoft employee?
Persons: Sam Altman, Altman, Mira Murati, Ilya Sutskever, He's, OpenAI, Greg Brockman, Brockman, shakeup, Steve Jobs, Satya Nadella, we're, Kali Hays Organizations: Microsoft, Business, OpenAI's San, Apple, OpenAI, Microsoft Ignite, Twitter Locations: OpenAI, OpenAI's San Francisco, Mira, Copilot, khays@insider.com, @hayskali
On Thursday evening, Altman received a text message from Ilya Sutskever, another co-founder of OpenAI and its chief scientist, Brockman said. “Sam joined a Google Meet and the whole board, except Greg, was there,” Brockman said, referring to himself. Around the same time, OpenAI published a blog post.”According to Swisher, Altman did not learn about the subject of the meeting until 30 minutes before. “Greater things coming soon.”CNN has reached out to OpenAI for comment on Brockman and Swisher’s accounts of how the events transpired. An interim CEOIn announcing Altman’s firing, OpenAI said chief technology officer Mira Murati will serve as interim CEO.
Persons: Sam Altman, Greg Brockman, Altman, Kara Swisher, Ilya Sutskever, Brockman, “ Sam, Greg, ” Brockman, “ Ilya, Sam, , Ilya, OpenAI, Swisher, , what’s, Mira Murati, Murati, ” Murati Organizations: CNN, Twitter, OpenAI, Google, , Microsoft, Bing, , ” CNN, Dartmouth Locations: OpenAI
Roth MKM downgraded the company to neutral from buy and cut its price target by $9 to $2. Janney, meanwhile, downgraded ChargePoint and assigned a price target of $5, which implies roughly 59% potential upside. Stifel, on the other hand, kept its buy rating and $10 price target based on its long-term view of the stock. Analyst Joseph Moore upgraded the semiconductor manufacturer to overweight from equal weight and upped his price target on the stock by $49 to $225. Kumar has an overweight rating on the stock and a price target of $620, implying upside of 25%.
Persons: Morgan Stanley, Piper Sandler, Roth MKM, Janney, Roth, Craig Irwin, — Pia Singh, Tyler Radke, Radke, Mark Mahaney, Mahaney, Airbnb, Joseph Moore, Moore, Harsh Kumar, Kumar, Fred Imbert Organizations: CNBC, EV, Citi, Communications, Microsoft, ISI, Nvidia Locations: Thursday's, North America, Europe, 2Q24 —, U.S
ChargePoint Holdings — Stock in the electric vehicle charging network slipped 26% after the company announced a shakeup in its C-suite. Separately, ChargePoint announced preliminary third-quarter results, including revenue forecast of $108 million to $113 million down from $150 million to $165 million. Compass Minerals International — Shares fell 2% after the company reported a wider-than-expected loss in the fiscal fourth quarter. Ross Stores — The clothing retailer added 5.7% after posting a third-quarter beat on the top and bottom line. Ross reported earnings of $1.33 per share on $4.92 billion in revenue, while analysts polled by LSEG forecast earnings of $1.22 per share and $4.85 billion of revenue.
Persons: Rick Wilmer, Pasquale Romano, ChargePoint, Ross Organizations: Reuters, Justice Department, LSEG, ChargePoint, , Compass Minerals, FactSet, Ross Stores
Broken Ethernet cable is seen in front of binary code and words "cyber security" in this illustration taken March 8, 2022. "We're also seeing a greater interest from state actors in Australia's critical infrastructure." In May, the Five Eyes intelligence alliance and Microsoft (MSFT.O) said a state-sponsored Chinese hacking group was spying on U.S. critical infrastructure organisations. Techniques used by the China hacking group could be used against Australia's critical infrastructure including telecommunications, energy and transportation, the report said. Marles said Australia's relationship with China, its largest trading partner, was "complex" and the government had never pretended the relationship would be easy.
Persons: Dado Ruvic, cybercrime, Richard Marles, We're, Marles, Matthew Warren, Nigel Phair, Renju Jose, Byron Kaye, Lincoln, Edwina Gibbs Organizations: REUTERS, Rights, U.S, Australian Cyber Security, ABC Radio, Microsoft, RMIT University Centre, Cyber Security Research, Australian Securities and Investments, Australia, Monash University, DP, Optus, Thomson Locations: Britain, U.S, Canada, New Zealand, Australia, China, Sydney
New York CNN —Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. In a statement, the company said she “played a pivotal role in skillfully steering Business Insider through the challenges of a pandemic and the sharp downturn in the advertising industry, while simultaneously fine-tuning Business Insider’s strategy.”Blodget, a former analyst who was charged with civil securities fraud in 2003 and barred from the securities industry, isn’t leaving Business Insider. The publication was originally named “Silicon Alley Insider” when it was launched in 2007, focusing on coverage of the New York business community, before changing its name to Business Insider two years later. A general news website called “Insider” was launched a year later. A return to Business Insider “reaffirms our center of gravity around business, tech, and innovation,” Peng wrote.
Persons: New York CNN — Henry Blodget, Barbara Peng, , , Axel Springer, ” Peng, we’ve Organizations: New, New York CNN, , Business Locations: New York
New York CNN —Ticket and hotel room prices are falling sharply in Las Vegas as the gambling mecca preps to host its first Formula 1 Grand Prix race in four decades next week. Tickets were priced at roughly $2,000 a year ago for the Las Vegas race. Still, in true Las Vegas fashion, some hotels are going all-out with F1-themed weekends packages. Las Vegas is the third US city to host an F1 race, after Miami and Austin. F1 claims that the race will generate $1.3 billion, making it the “single largest special event in Las Vegas history.”
Persons: fizzle, Max Verstappen, Brett Goldberg, TickPick, ” Goldberg, Goldberg, That’s, Heineken Silver, Bud, Organizations: New, New York CNN, Las, CNN, Caesars, Grands Prix, MGM Resorts, Bellagio, Heineken, Netflix Locations: New York, Las Vegas, Qatar, Miami, Vegas, Austin
Mark Zuckerberg signaled big changes to WhatsApp, which he sees as the future of business messaging. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Meta chief told The New York Times in an interview that the messaging app is the "next chapter" for Meta and could play a critical role in business messaging. Five years later, it launched several features, including WhatsApp for Business, to help companies connect and communicate with customers. That could come in the form of ads in Status and Channels, Will Cathcart, the head of WhatsApp, told Brazilian newspaper Folha de S.Paulo .
Persons: Mark Zuckerberg, , Zuckerberg, Will Cathcart, Cathcart, Meta didn't Organizations: Service, New York Times, Meta, Times, Business, Reuters, Brazilian, Folha de Locations: monetizing
Who Qualified for the Third GOP Debate?
  + stars: | 2023-11-07 | by ( Kaia Hubbard | Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
Republican candidates are prepping for the third GOP presidential debate, as the field narrows with just two months to go before the first nominating contest. After raucous debates in Wisconsin and California, the candidates are set to return to the debate stage for a two-hour event at 8 p.m. The smaller field, paired with recent shakeup among the top challengers to Trump, is expected to produce new dynamics on stage. With that pledge, which has been somewhat controversial among the candidates, GOP presidential hopefuls must sign a statement that they will support the eventual Republican nominee. While the other candidates try to break ahead in the polls, former President Donald Trump – who opted not to participate in the first and second debate – is also expected to skip the upcoming confrontation.
Persons: Mike Pence, Donald Trump –, Donald Trump, Julie Bennett, Ron DeSantis, Rebecca S, Gratz, Nikki Haley, Alex Brandon, Vivek Ramaswamy, Michael M, Chris Christie, Tim Scott, Charles Krupa, Doug Burgum, Scott Olson, Asa Hutchinson, Ryan Binkley Organizations: Trump, Republican National Committee, Republican, Donald Trump Former, The Washington, Getty, United Nations, New Jersey, Asa Hutchinson Former Arkansas, Ryan Binkley Business Locations: Wisconsin, California, Miami, Iowa , New Hampshire , Nevada, South Carolina, Ron DeSantis Florida, Carolina, New, Dakota
Total: 25