American venture-capitalist in Silicon Valley
OpenAI is coming to Asia with its first office in Japan: The ChatGPT maker is releasing a GPT-4 custom model with improved performance in Japanese
qz.com/openai-expands-asia-opens-first-office-in-tokyo-japan-1851410135
Sam Altman Cut From OpenAI’s Startup Fund—Here’s What The ChatGPT Maker Invests In
forbes.com/sites/roberthart/2024/04/02/sam-altman-cut-from-openais-startup-fund-heres-what-the-chatgpt-maker-invests-in/
Quick Glance: OpenAI Removes Sam Altman's Ownership of its Startup Fund
- Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, where he no longer owns or controls the fund.
- The change in the governance structure of the OpenAI Venture Capital Fund was documented, eliminating Sam Altman's unusual ownership structure of the fund.
- Control of the fund has been transferred to Ian Hathaway, a partner at the fund since 2021, with Altman no longer being a general partner.
- An independent investigation following Altman's dramatic ouster from the company concluded that he did not commit any wrongdoing in terms of product safety or OpenAI's finances.
OpenAI is making a major push to sell ChatGPT to big businesses. Its CEO Sam Altman hosted hundreds of Fortune 500 company executives to pitch a version of the ... Show more www.reuters.com/technology/openais-altman-pitches-chatgpt-enterprise-large-firms-including-some-microsoft-2024-04-12/
How much Sam Altman could make from a Reddit IPO: OpenAI CEO Sam Altman doesn't own half a billion dollars in Reddit. But BI did the math to determine how much ...
businessinsider.com/how-much-sam-altman-gain-reddit-ipo-shares-worth-2024-3
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Quick Glance: Reddit to Go Public: Shares Priced at $31 Expected This Month
- San Francisco-based social media company Reddit is set to go public this month, aiming to raise nearly $750 million (€686 million) through its initial public offering of common stock.
- Reddit plans to include 22 million shares of Class A common stock in the IPO, with 15.3 million shares expected to be available while selling stockholders offer about 6.7 million shares.
- The anticipated price of Reddit's shares is between $31 (€28) and $34 (€31) per share, and the company intends to utilize the proceeds for general corporate purposes, taxes, and possible acquisitions.
- In the October-December quarter, Reddit reported a net income of $18.5 million (€16.9 million) on revenue of $249.8 million (€228.6 million), primarily driven by advertising.
Elon Musk sues OpenAI and CEO Sam Altman, alleging broken pact to benefit humanity
pbs.org/newshour/nation/elon-musk-sues-openai-and-ceo-sam-altman-alleging-broken-pact-to-benefit-humanity
Quick Glance: Elon Musk Sues OpenAI for Prioritizing Profit Over Humanity
- Elon Musk has filed a lawsuit against OpenAI and CEO Sam Altman for failing to uphold their promise of developing AI tools for the benefit of humanity.
- Musk contends that he founded and funded OpenAI under the condition that it remain a nonprofit organization dedicated to creating safe, open-source AI for public benefit.
- The lawsuit demands that OpenAI make its research and technology available to the public and prohibits the company's executives from profiting from their work.
- Musk is also seeking damages, the amount of which is unclear, with the intention of donating any proceeds to a nonprofit or charity.
Reddit will make its stock market debut at $34 a share: Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock ...
apnews.com/article/reddit-ipo-nyse-stock-debut-77d428f98654dbbb87b242c2f625131d
Quick Glance: Reddit Shares Surge 48% in Market Debut
- Reddit shares ended their first day of trading in New York up 48 per cent, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning.
- While Reddit still relies on advertising for the vast majority of its revenue, it positioned its content in its IPO marketing as training grounds for AI programs and disclosed an investigation by the US Federal Trade Commission into its AI data licensing deals.
- Shares of Reddit opened on the New York Stock Exchange at $47 and surged to $50.44 after pricing at $34 in the IPO.
- Reddit's entry into public markets was long overdue, and although the allocation of shares to users and retailers poses risks, the extremely bullish sentiment from retail traders on platforms like Stocktwits indicates that the cult brand Reddit continues to hold a significant cultural presence in the social media world.
OpenAI's Sam Altman says he texted Elon Musk after getting sued: Sam Altman said he fired off a text to Elon Musk shortly after he found out the Tesla CEO had ...
businessinsider.com/sam-altman-texted-elon-musk-after-lawsuit-openai-2024-3
Paid articlePaidQuick Glance: Elon Musk to Open-Source Grok by xAI this Week
- Elon Musk announces that xAI will open-source Grok, its ChatGPT rival, this week.
- The Musk-OpenAI dispute has sparked a debate on open-source AI.
- The decision to open-source Grok will help xAI join the list of companies publishing their chatbot codes.
- Musk has been a long-time advocate for open-source, with Tesla and X also open-sourcing parts of their technologies.
Feds Launch Inquiry Into OpenAI and Microsoft’s Messy Relationship: The U.S. antitrust regulator is looking into billion-dollar deals between OpenAI, Microsoft ...
gizmodo.com/feds-launch-inquiry-openai-microsoft-google-amazon-1851198021
Quick Glance: FTC Investigates Massive Generative AI Deals Involving Amazon, Alphabet, Microsoft, OpenAI, Anthropic
- The agency issued 6(b) orders to Amazon, Microsoft, OpenAI, Anthropic, and Alphabet, requiring information about recent multi-billion-dollar investments and partnerships.
- Microsoft and OpenAI’s extended partnership was announced on January 23, 2023.
- Amazon and Anthropic’s strategic collaboration was announced on September 25, 2023.
- Google’s expanded AI partnership with Anthropic was announced on November 8, 2023.
Why Bosses Should Tell Employees to Slow Down More Often: Every company wants to do things as quickly as possible. But there are times when you ought to hit the ...
wsj.com/lifestyle/careers/employees-slow-down-work-3a0e0866
Energy breakthrough needed to build AGI, says OpenAI boss Altman: ALSO: Google's geometry reasoning breakthrough; Amazon debuts experimental shopping AI
theregister.com/2024/01/22/google_deepmind_train_alphageometry_system/
Quick Glance: Energy Breakthrough Needed for AGI, Says OpenAI CEO Altman
- OpenAI CEO Sam Altman believes a breakthrough in energy production is necessary to advance increasingly capable and power-hungry AI models.
- Altman favors renewable energy sources like nuclear fusion and is motivated to invest in the technology.
- He personally invested $375 million in Helion Energy, a nuclear fusion startup that has a deal to supply energy to Microsoft in the coming years.
- AI models with billions of parameters require massive amounts of energy for training.
Silicon Valley moguls are weighing in on Elon Musk's OpenAI battle: OpenAI investor Vinod Khosla said Musk's lawsuit "feels like a bit of sour grapes."
businessinsider.com/silicon-valley-moguls-weighing-in-elon-musk-openai-battle-2024-3
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Satya Nadella added $63 billion in market value for Microsoft with a ‘poker move for the ages’
fortune.com/2023/11/20/satya-nadella-63-billion-market-value-microsoft-openai-poker-move/
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Sam Altman to return as CEO of OpenAI: New board announces ‘agreement in principle’ for return of former CEO after campaign by staff and investors
theguardian.com/technology/2023/nov/22/sam-altman-openai-ceo-return-board-chatgpt
OpenAI in talks to raise new funding at valuation of $100 billion or more: Investors potentially involved in the fundraising round have been included in ...
business-standard.com/world-news/openai-in-talks-to-raise-new-funding-at-valuation-of-100-billion-or-more-123122300134_1.html
It wasn’t just you; things in the tech world got really weird this year: It was a long year for Silicon Valley, but it may have felt even longer to outsiders who ...
cnn.com/2023/12/28/tech/tech-2023-weirdest-moments/
A Moral War for A.I.: Inside the divide between doomers and techno-optimists.
slate.com/podcasts/what-next-tbd/2023/12/why-openai-brought-sam-altman-back
Quick Glance: Sam Altman Returns to OpenAI with New Microsoft Board Seat
- CEO announces nonvoting seat for Microsoft, raising questions about future of chief scientist Ilya Sutskever.
- Nonprofit board concludes Altman was not consistently candid in his communications with the board.
- Altman confirms new all-male OpenAI board, including former Treasury secretary Larry Summers, Quora CEO Adam D'Angelo, and former Salesforce co-CEO Bret Taylor.
- New York Times reported tension between Altman and the board over a research paper criticizing the company’s approach to AI safety.
The Sam Altman drama points to a deeper split in the tech world: Doomers and boomers are fighting for AI dominance
finance.yahoo.com/news/sam-altman-drama-points-deeper-182335648.html
OpenAI is paying out $51 million to a chip startup that Sam Altman personally invested in: report
businessinsider.com/openai-paying-out-millions-to-chip-startup-sam-altman-invested-2023-12
Listen now: Microsoft swoops in to hire ousted boss of Open AI: Follow on Apple, Google or Spotify. Listen on the Reuters app. Read the episode transcript here.
reuters.com/podcasts/altmans-microsoft-move-argentinas-shock-hostage-hopes-tiktok-dupes-2023-11-20/
Sam Altman joins Microsoft as OpenAI names its third CEO in 3 days: Microsoft has hired Sam Altman to power up its artificial intelligence research efforts after ...
cnn.com/2023/11/20/tech/sam-altman-joins-microsoft/
OpenAI and Jony Ive in talks to raise $1bn from SoftBank for AI device venture: ChatGPT creator in early discussions to create the ‘iPhone of artificial ...
ft.com/content/4c64ffc1-f57b-4e22-a4a5-f9f90a7419b7
Paid articlePaidQuick Glance: OpenAI and Jony Ive in Talks for $1 Billion Funding from SoftBank for AI Device Project
- OpenAI is in advanced talks with Jony Ive and SoftBank to develop the 'iPhone of artificial intelligence'.
- The funding of over $1 billion will be provided by SoftBank.
- SoftBank declined to comment on the report.
- OpenAI has not responded to a request for comment from Reuters.
What turmoil over a CEO tells us about the future of AI: The company behind ChatGPT embodied a key question surrounding artificial intelligence: Will the profit ...
csmonitor.com/Business/2023/1122/What-turmoil-over-a-CEO-tells-us-about-the-future-of-AI
Paid articlePaid OpenAI's board approached Anthropic CEO about top job and merger: OpenAI's board of directors approached rival Anthropic's CEO about replacing chief Sam Altman ...
reuters.com/technology/openais-board-approached-anthropic-ceo-about-top-job-merger-sources-2023-11-21/
Sam Altman Spotted At OpenAI Offices Sporting A 'Guest' Badge Amid Push for Reinstatement As CEO, Declares, 'Last Time I Ever Wear One of These.'
The OpenAI Drama Shows We've Entered the Age of the Employee: Labor holds more cards than ever. Here's how your company needs to adjust.
inc.com/rachel-barek-/the-openai-drama-shows-weve-entered-age-of-employee.html
Sam Altman reportedly open to a return to OpenAI : The change of mind comes just hours after Microsoft hired OpenAI's ex-CEO to lead its new AI team ...
businessinsider.com/sam-altman-reportedly-open-return-openai-ceo-like-steve-jobs-2023-11
Tesla releases the Cybertruck, Sam Altman officially returns to OpenAI, and Evernote cripples its free plan
techcrunch.com/2023/12/02/tesla-releases-the-cybertruck-sam-altman-officially-returns-to-openai-and-evernote-cripples-its-free-plan/
Cohere's traditional approach to AI corporate governance: OpenAI CEO Sam Altman's temporary ousting raises questions about leadership in AI companies like Cohere
businessinsider.com/coheres-traditional-approach-to-ai-corporate-governance-2023-12
WSJ News Exclusive | SEC Investigating Whether OpenAI Investors Were Misled: The regulator is examining the internal communications of CEO Sam Altman ...
wsj.com/tech/sec-investigating-whether-openai-investors-were-misled-9d90b411
As Congress lags, California lawmakers take on AI regulations: California often takes the lead with new legislation to rein in tech. This was true for privacy ...
npr.org/2024/02/21/1233024001/as-congress-lags-california-lawmakers-take-on-ai-regulations
Quick Glance: California Lawmakers Tackle AI Regulations Amid Congressional Delay
- In May 2023, Sam Altman, CEO of OpenAI, called for stricter laws as major companies lack regulation.
- Despite the expansion of large AI models, the proposed scrutiny and regulations by Altman have not been implemented.
- Experts caution about AI risks, while California lawmakers introduce legislation that could set a precedent.
- The California bill would mandate safety testing for AI models before public release and provide legal recourse for any harm caused.
ChatGPT signs deal to put AI into humanoid robots: “If we can just get humanoids to do work that humans are not wanting to do ... we can sell millions of ...
walesonline.co.uk/news/uk-news/chatgpt-signs-deal-put-ai-28727962
The Memo: Boss of the bots: Plus: February was a bad month for layoffs.
qz.com/emails/quartz-at-work/1851324080/the-memo-boss-of-the-bots
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Amazon’s $4 Billion Anthropic Investment Looks to the Cloud: What’s good for AI is good for the cloud providers. But first...
bloomberg.com/news/newsletters/2023-09-27/amazon-s-4-billion-anthropic-investment-looks-to-the-cloud
Share sale set to test financial impact of OpenAI’s leadership turmoil: Key investors bullish of hitting $86bn valuation despite company’s chaotic power struggle
ft.com/content/c4dd2ec0-026f-45dd-a7d4-d7aaa5cf9396
Paid articlePaid OpenAI chaos is good for Google and others trying to catch AI leader: OpenAI CEO Sam Altman's ouster sends shockwaves across Silicon Valley, likely affecting the ...
businessinsider.com/openai-sam-altman-chaos-google-amazon-catch-ai-leader-2023-11
Jeff Bezos, an iPhone myth, car part layoffs, and Nvidia wins (again): The week's most popular stories
qz.com/jeff-bezos-amazon-stock-iphone-myth-forvia-layoffs-nv-1851282474
Paid articlePaid Sam Altman and Will.i.am offered dueling visions of the future in Davos: The OpenAI chief and the musician-activist both spoke on the sidelines of the World ...
qz.com/sam-altman-will-i-am-davos-ai-1851177108
Regulators probe Microsoft’s OpenAI ties — is it only smoke, or is there fire?: The US, the UK, and the EU are all looking into Microsoft’s connections to ...
computerworld.com/article/3712002/regulators-probe-microsofts-openai-ties-is-it-only-smoke-or-is-there-fire.html
Sam Altman chaos helped OpenAI rivals, says Hugging Face CEO: Hugging Face CEO Clément Delangue says customers are now more aware of the risk of outsourcing ...
businessinsider.com/sam-altman-openai-chaos-helped-rivals-hugging-face-clement-delangue-2023-11
CNBC Daily Open: AI schadenfreude is real: OpenAI rivals are courting its clients after the Sam Altman fiasco. The schadenfreude is real ...
cnbc.com/2023/11/29/cnbc-daily-open-ai-schadenfreude-is-real.html
What OpenAI Really Wants: The young company sent shock waves around the world when it released ChatGPT. But that was just the start ...
wired.com/story/what-openai-really-wants/
Quick Glance: OpenAI Chief Sam Altman Receives Indonesia's 'Golden Visa'
- Indonesia has awarded OpenAI Chief Sam Altman its first 'Golden Visa' - a week after launching the program to attract foreign investment to Southeast Asia's largest economy.
- According to Silmy Karim, Indonesia's Director General of Immigration, there are several categories of golden visas, including one for individuals with an international reputation who can benefit Indonesia.
- Karim stated, 'With this golden visa, we hope Altman can contribute to the development and use of AI in Indonesia.'
- Altman's 'Golden Visa' is valid for 10 years.
Sam Altman sheds light on feud with Elon Musk: ‘The closer people are to being pointed in the same direction, the more contentious the disagreements are’
fortune.com/2023/12/03/sam-altman-elon-musk-openai-ai-tech-feud/
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OpenAI: Sam Altman criticizes home office as "worst mistake": Home office has been part of everyday life in many jobs since the Corona pandemic ...
rp-online.de/wirtschaft/arbeit/openai-sam-altman-kritisiert-homeoffice-als-schlimmsten-fehler_aid-89957283
NOW: #BloombergTech begins in SF! Don’t miss conversations with OpenAI’s Sam Altman, Discord's Jason Citron, AWS' Adam Selipsky, Twitch's Dan Clancy ... Show more
Does Sam Altman Know What He’s Creating?: The OpenAI CEO’s ambitious, ingenious, terrifying quest to create a new form of intelligence
theatlantic.com/magazine/archive/2023/09/sam-altman-openai-chatgpt-gpt-4/674764/
Sam Altman’s sudden firing mirrors Steve Jobs’ 1985 Apple dismissal — except for one big difference
thestreet.com/technology/sam-altman-sudden-firing-mirrors-steve-jobs-apple-dismissal-one-difference
Sam Altman warns AI could kill us all. But he still wants the world to use it: Sam Altman thinks the technology underpinning his company’s most famous product ...
cnn.com/2023/10/31/tech/sam-altman-ai-risk-taker/
OpenAI debacle illustrates tensions between profit and not-for-profit which bedevil Silicon Valley
irishtimes.com/technology/2023/11/23/openai-debacle-illustrates-tensions-between-profit-and-not-for-profit-which-bedevil-silicon-valley/
OpenAI turmoil exposes threat to Microsoft’s investment: Satya Nadella’s bet on AI start-up destabilised by shock sacking of Sam Altman
ft.com/content/72034362-2e7d-4bd7-a7ac-63b9d66aac4b
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The daily business briefing: November 21, 2023: OpenAI workers threaten to quit after Altman's ouster, gas prices drop in time for Thanksgiving travel, and more
theweek.com/business/the-daily-business-briefing-november-21-2023
Top news of the week: Sam Altman firing, Uttarkashi tunnel collapse, World Cup and more | Mint
livemint.com/news/india/top-news-of-the-week-sam-altman-firing-uttarkashi-tunnel-collapse-world-cup-and-more-11700376745460.html
OpenAI CEO Sam Altman Says AI Is ‘Most Important Step Yet’ For Humans and Tech: Sam Altman, chief executive officer of artificial intelligence startup OpenAI Inc ...
bloomberg.com/news/articles/2023-06-22/chatgpt-maker-openai-ceo-speaks-at-bloomberg-tech-summit
In the tech spotlight: Who is ChatGPT maker OpenAI’s CEO Sam Altman?: Sam Altman makes what he describes as a 'contentious unilateral decision' when ...
rappler.com/technology/features/profile-chatgpt-openai-ceo-sam-altman/
Silicon Valley supergroup is coming together to create an AI device: OpenAI's Sam Altman has been discussing building an AI device with Jony Ive ...
nytimes.com/2023/09/28/technology/openai-apple-silicon-valley-supergroup-create-ai-device.html
Is OpenAI's Sam Altman building a tech dream or a sci-fi nightmare?: OpenAI is just the beginning. Sam Altman oversees an interconnected web of companies that ...
businessinsider.com/sam-altman-openai-chatgpt-worldcoin-helion-future-tech-2023-4
Paid articlePaid OpenAI CEO Sam Altman takes diabetes drug metformin to slow aging: Altman, whose company is behind ChatGPT, also eats a diet low in sugar, regularly lifts ...
businessinsider.com/openai-ceo-sam-altman-takes-diabetes-drug-metformin-slow-aging-2023-3
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