Microsoft has hired Sam Altman, the former CEO of OpenAI, to lead a new artificial intelligence project. This comes after OpenAI's board of directors expressed a lack of confidence in Altman, a prominent figure in the tech industry's efforts to grapple with the promise and potential dangers of AI. Microsoft's decision to bring Altman on board is seen as a sign of the company's commitment to developing AI responsibly, and they have said they look forward to providing him and his team with the resources needed for their work.
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Investors of OpenAI are pushing to bring back Sam Altman as CEO, following his ousting by the board. Brad Lightcap addressed the decision in a memo to employees, assuring them that the company remains in a strong position and that the decision was not due to any malfeasance. Microsoft, Tiger Global, Thrive Capital and Sequoia are among the top backers that are part of the effort to reinstate Altman and Greg Brockman, with Sequoia supporting them in whatever they choose to do next.
Open AI, the company behind ChatGPT, has announced the sudden departure of CEO Sam Altman due to a lack of "consistently candid" communication with the board. COO Jack Lightcap has commented that the board's decision was a surprise and that Microsoft remains a committed partner of Open AI. Altman has been removed from the board and his role as CEO, and the board has yet to announce a replacement.
Key takeaways: SpaceX launched its next-generation Starship spacecraft atop its powerful Super Heavy rocket on Saturday. The mission was mostly successful, but the first stage…
The White House has condemned a post made by Elon Musk on a social platform this week, prompting IBM and the European Commission to pull their spending on the platform. The incident has raised questions about the role of social media platforms in promoting hate speech and the need for greater oversight of online platforms to ensure that hate speech is not tolerated.
Elon Musk has been criticized for endorsing an antisemitic social media post, sparking outrage from Jewish leaders and advertisers. The incident has raised questions about the responsibility of tech giants to combat hate speech and the role of social media in promoting bigotry, with many calling on Musk to take responsibility for his words and to unequivocally condemn the antisemitic conspiracy theory he endorsed.
Former President Donald Trump's social media platform, Truth Social, has suffered a net loss of over $73 million since its launch in February 2021. The filing raises serious doubts about the platform's viability, with independent accountants indicating that the company's financial condition raises substantial doubt as to its ability to continue as a going concern. The platform has faced criticism for its lack of user engagement and its failure to attract a large user base, raising questions about its future and whether it can turn its fortunes around.
ICBC FS, the world's largest lender by assets, has experienced a ransomware attack that has caused disruption to certain systems. The attack has disrupted the trading of U.S. Treasury securities and ICBC FS is currently investigating the incident and working on recovery. The attack highlights the need for organizations to have robust cybersecurity measures in place to protect against such attacks.