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Top Abu Dhabi Health Firm Set to Join Mideast Listing Spree
Top Abu Dhabi Health Firm Set to Join Mideast Listing Spree
Abu Dhabi-based PureHealth Holding PJSC, a health-care platform controlled by one of the city’s sovereign wealth funds and
2023-11-21 14:59
China Guides Banks to Cap Early 2024 Loans, Shift Some Forward
China Guides Banks to Cap Early 2024 Loans, Shift Some Forward
China’s central bank has encouraged lenders to cap the amount of new loans they issue in early 2024
2023-11-21 14:55
Microsoft chief hints Sam Altman could still return as OpenAI staff demand board resignation
Microsoft chief hints Sam Altman could still return as OpenAI staff demand board resignation
Sam Altman might still return to OpenAI after his ouster from the company, Microsoft chief Satya Nadella hinted. Chaos erupted at OpenAI on Friday as the company’s board abruptly fired its founder and chief Mr Altman, saying it “no longer has confidence in his ability to continue leading OpenAI”. Later, hundreds of the ChatGPT company’s employees threatened to quit unless its board resigned. When asked on Monday whether Mr Altman would join Microsoft, that has invested billions in the ChatGPT company, Mr Nadella said he was “open to both options”. “Look, that is for the OpenAI board and management and the employees to choose,” he told CNBC. “We obviously want Sam and Greg to have a fantastic home if they’re not going to be at OpenAI,” the Microsoft chief said. “We chose to explicitly partner with OpenAI and we want to continue to do so, and obviously, that depends on the people of OpenAI staying there or coming to Microsoft,” Mr Nadella had said. Microsoft later officially announced it was hiring Mr Altman and OpenAI co-founder Greg Brockman, who resigned on Friday. “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,” Mr Nadella said in a post on X. “We look forward to moving quickly to provide them with the resources needed for their success,” he said. Mr Altman’s sacking was followed by about 500 staff at the company demanding the board’s resignation and the reinstatement of their dismissed boss. The employees signed a letter demanding OpenAI’s board resign and reinstate Mr Altman, claiming the decision to oust him jeopardised the company’s work. The letter was reportedly signed by several senior staff at OpenAI. Mira Murati, the company’s chief technology officer who was appointed as the interim chief following Mr Altman’s exit, was one of the signatories. Another signatory, Ilya Sutskever, the company’s chief scientist and one of the board members, expressed “deep regret” over the decision to remove Mr Altman. Employees at the company’s headquarters reportedly refused to attend an emergency all-hands meeting with new OpenAI boss Emmett Shear that was scheduled on Sunday. Some had responded to a Slack announcement with a middle-finger emoji, according to reports. Mr Nadella also said “it’s clear something has to change around the governance” at OpenAI. “We’ll have a good dialogue with their board on that, and walk through that as that evolves,” he said. Mr Altman said on X that his “top priority” remains to “ensure OpenAI continues to thrive”. “We are committed to fully providing continuity of operations to our partners and customers,” the ousted tech boss said on Monday. “We have more unity and commitment and focus than ever before. We are all going to work together some way or other, and I’m so excited. one team, one mission,” Mr Altman said. Read More OpenAI staff ‘threaten to quit over ousting of Sam Altman’ Microsoft’s new AI tool cleans up messy backgrounds in video calls First carbon capture plant opens in the US to help avoid climate catastrophe One of the world’s most hyped tech products just launched – and made a big mistake Musk files defamation suit against Media Matters over Nazi X post claims ‘We are broken’: Armenia looks to technology to rebuild
2023-11-21 14:28
OpenAI in ‘Intense Discussions’ to Unify Company, Memo Says
OpenAI in ‘Intense Discussions’ to Unify Company, Memo Says
OpenAI is in “intense discussions” to unify its divided staff, Vice President of Global Affairs Anna Makanju wrote
2023-11-21 14:27
Brazil records its hottest ever temperature
Brazil records its hottest ever temperature
The town of Araçuaí in the country's southeast hit a high of 44.8C (112.6F) on Sunday.
2023-11-21 14:27
Blackstone to close multi-strategy fund after assets drop nearly 90% - FT
Blackstone to close multi-strategy fund after assets drop nearly 90% - FT
Blackstone plans to close a fund that exposes investors to a variety of hedge funds and trading strategies
2023-11-21 14:20
South Africa’s Telkom in Exclusive Talks to Sell Towers to PE Firm
South Africa’s Telkom in Exclusive Talks to Sell Towers to PE Firm
Telkom SA SOC Ltd. is in advanced talks to sell its tower assets to a private equity firm.
2023-11-21 14:18
Vale tries to re-establish its link with France
Vale tries to re-establish its link with France
Renewing the twinning of Vale with a town in France would benefit Guernsey, project leaders say.
2023-11-21 14:18
Philippines Eyes Use of Digital Currency in Sovereign Bond Sales
Philippines Eyes Use of Digital Currency in Sovereign Bond Sales
The Philippines’ Bureau of the Treasury is looking to team up with the central bank to expand the
2023-11-21 14:18
Crypto Boosted by Possible End to US Criminal Probe of Binance
Crypto Boosted by Possible End to US Criminal Probe of Binance
The prospect of a resolution of the US criminal investigation into Binance, crypto’s linchpin exchange, led to a
2023-11-21 13:58
China and Saudi Arabia Sign Currency Swap Worth $7 Billion
China and Saudi Arabia Sign Currency Swap Worth $7 Billion
China and Saudi Arabia signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries
2023-11-21 13:55
Dubai’s First Privatization in a Year Sells Out in an Hour
Dubai’s First Privatization in a Year Sells Out in an Hour
Dubai Taxi Co.’s initial public offering of as much as 1.16 billion dirhams ($315 million) received enough orders
2023-11-21 13:52
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