OpenAI announces return of Sam Altman as chief executive
Sam Altman will return to OpenAI after an agreement in principle was reached, the company has announced. Posting on X, formerly known as Twitter, OpenAI also announced a new initial board of former Salesforce chief executive Bret Taylor, the former US treasury secretary Larry Summers and Quora chief executive Adam D’Angelo. Mr Altman also posted, saying “i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together.” Last week the board of OpenAI, which created the ChatGPT artificial intelligence tool, said it had pushed Mr Altman out after a review found he was “not consistently candid in his communications” with the board. Greg Brockman, the company’s president and co-founder, who left in protest at Mr Altman’s sacking said on X: “Amazing progress made today. We will come back stronger and more unified than ever.” “Returning to AI & getting back to coding tonight,” Mr Brockman added. The previous board of directors, which included Mr D’Angelo and Mr Brockman, refused to give specific reasons to why they fired Mr Altman last Friday. This led to mounting pressure within the company to reinstate Mr Altman, including a threatened exodus of nearly all of the company’s 770 employees. Microsoft, which has invested billions of dollars in OpenAI, moved to hire Mr Altman and Mr Brockman on Monday. In a post on social media on Wednesday morning, the chairman and chief executive of Microsoft, Satya Nadella, said he is “encouraged by the changes to the OpenAI board”. “We believe this is a first essential step on a path to more stable, well-informed, and effective governance.” Read More Data protection watchdog warns websites over cookie consent alerts Employee data leaked during British Library cyber attack Half of adults who chat online with strangers do not check age – poll Businesses embracing generative AI but fear cyberattacks, survey finds Young Britons turning to AI chatbots for help with school and work – survey Police to trial use of drones as first responders to emergencies
2023-11-22 15:52
New Binance CEO Teng’s First Job Is to Avert Customer Exodus
Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder Changpeng Zhao onside. These
2023-11-22 14:57
OpenAI reaches deal with Sam Altman to return as chief executive
OpenAI has reached a deal for ousted boss Sam Altman to return as its chief executive, the company said on Wednesday. The artificial intelligence company said it would reinstate a board consisting of Bret Taylor, Larry Summers, and Adam D’Angelo. “We have reached an agreement in principle for Sam to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” the company posted on X. The AI company’s board abruptly fired Mr Altman on Friday saying it “no longer has confidence in his ability to continue leading OpenAI”. Within days, OpenAI brought in the former head of Twitch Emmett Shear as interim chief. But chaos soon erupted at the company with over 500 employees threatening to quit unless its board resigned and reinstated their dismissed boss. The announcement earlier on Wednesday confirms rumours that the OpenAI founder is returning to the helm of his company. “We are collaborating to figure out the details,” the company said. More follows Read More Microsoft stock just hit an all-time high amid OpenAI chaos Microsoft chief hints Sam Altman may return as OpenAI staff demand board resignation OpenAI staff ‘threaten to quit over ousting of Sam Altman’
2023-11-22 14:47
Australia to form rapid cyber assist teams for Pacific Islands
SYDNEY Australia said on Wednesday it would spend A$26.2 million ($17 million) to establish "rapid assistance" teams to
2023-11-22 13:22
Echo Street to Return Client Cash, Cites Succession Pitfalls
Echo Street Capital Management, the money manager founded by Greg Poole, is returning outside capital to fund investors,
2023-11-22 11:49
Blackstone and Permira to buy Adevinta for about $13 billion
Permira and Blackstone on Tuesday said that they willacquire eBay-backed online classifieds group Adevinta ASA for about 141
2023-11-22 00:58
US authorities set to unveil settlement with Binance -source
NEW YORK U.S. government authorities are expected to unveil a settlement with Binance Holdings on Tuesday, resolving a
2023-11-22 00:29
Crypto investors cheer talk of Binance criminal probe resolution
By Tom Wilson and Elizabeth Howcroft LONDON Crypto investors have welcomed the prospect of a resolution of a
2023-11-21 23:57
Broadcom $61 Billion VMWare Deal Wins Chinese Ok With Conditions
Broadcom Inc.’s $61 billion takeover of software maker VMware Inc. won approval from Chinese regulators, albeit with a
2023-11-21 23:47
Earth has just received a message from 10 million miles away
An experiment to see if a laser could beam a message through space to Earth has been successful and could alter the future of spacecraft communication. The experiment was made possible by the Deep Space Optical Communications (DSOC) tool which was travelling onboard NASA’s Psyche spacecraft. It was successfully able to beam a message to Earth, via a near-infrared laser, from far beyond the Moon. It is the furthest such optical communication to have ever been communicated and was encoded with test data to ensure that it worked correctly. The DSOC successfully beamed the data from approximately 16 million kilometers (10 million miles) away to the Hale Telescope at Caltech’s Palomar Observatory in California. Hitching a ride on the Psyche spacecraft, the experiment achieved the so-called “first light” on 14 November, according to NASA's Jet Propulsion Laboratory which is managing the mission from Earth. NASA explained the demo’s “flight laser transceiver – a cutting-edge instrument aboard Psyche capable of sending and receiving near-infrared signals – locked onto a powerful uplink laser beacon transmitted from the Optical Communications Telescope Laboratory at JPL’s Table Mountain Facility near Wrightwood, California.” The uplink beacon assisted the transceiver in aiming its downlink to Caltech’s observatory, where the signal was received. Trudy Kortes, director of Technology Demonstrations at NASA HQ, said: “Achieving first light is one of many critical DSOC milestones in the coming months, paving the way toward higher-data-rate communications capable of sending scientific information, high-definition imagery, and streaming video in support of humanity’s next giant leap: sending humans to Mars.” It’s not the first time that optical communications have been used to beam messages from space, but these laser beams mark the furthest a message has ever been transmitted. With missions further than the moon, NASA typically uses radio waves to communicate. However, laser beams allow for a greater amount of data to be packed in them, potentially giving experts more options in future missions. Dr Jason Mitchell, director of the Advanced Communications and Navigation Technologies Division within NASA’s Space Communications and Navigation program, explained: “Optical communication is a boon for scientists and researchers who always want more from their space missions, and will enable human exploration of deep space.” How to join the indy100's free WhatsApp channel Sign up to our free indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-11-21 23:22
Nvidia’s $240 Billion Rally to Test If Great Is Good Enough
With Nvidia Corp. shares at record highs, its getting harder for investors to gauge how even potentially blowout
2023-11-21 22:59
Exclusive-OpenAI investors considering suing the board after CEO's abrupt firing -sources
By Anna Tong, Krystal Hu and Jody Godoy (Reuters) -Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse
2023-11-21 22:55