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Jefferies Says Banks Are Failing to Price in Water Risk
Jefferies Says Banks Are Failing to Price in Water Risk
As extreme heat dominates news headlines, the gate-keepers of global capital are failing to keep pace with a
2023-07-20 23:18
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 14:26
Photogenic Challenge: How to try this TikTok trend to feel like a model?
Photogenic Challenge: How to try this TikTok trend to feel like a model?
The Photogenic Challenge revolves around creating visually stunning content that exudes confidence and style
2023-05-29 18:49
Sony Q2 profit falls 29%, hit by chips division
Sony Q2 profit falls 29%, hit by chips division
By Sam Nussey TOKYO Sony's operating profit fell 29% in the July-September quarter, below estimates, as the company
2023-11-09 14:26
Amazon, Meta, Microsoft, and TomTom join forces to take on Google and Apple Maps
Amazon, Meta, Microsoft, and TomTom join forces to take on Google and Apple Maps
Amazon, Meta, Microsoft, and TomTom have jointly released an open map dataset aimed at providing
2023-07-27 13:23
Google should break up digital ad business over competition concerns, European regulators say
Google should break up digital ad business over competition concerns, European regulators say
European Union regulators have hit Google with fresh antitrust charges, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant’s main moneymaker
2023-06-14 23:53
Exxon to Buy Denbury for $4.9 Billion in CO2 Pipeline Push
Exxon to Buy Denbury for $4.9 Billion in CO2 Pipeline Push
Exxon Mobil Corp. agreed to buy Denbury Inc. for $4.9 billion, its biggest acquisition in six years, in
2023-07-13 21:20
Elon Musk's X is testing an annual fee for unverified accounts
Elon Musk's X is testing an annual fee for unverified accounts
After Elon Musk hinted last month that X could start charging all users, the company (formerly known as Twitter) announced a test of such a system.
2023-10-18 08:50
Stablecoin Reshuffling Chips Away at Tether’s Crypto Market Dominance
Stablecoin Reshuffling Chips Away at Tether’s Crypto Market Dominance
Tether, the digital token that underpins much of cryptocurrency world’s ecosystem, saw its market capitalization decline for the
2023-09-02 22:50
Hong Kong’s Crypto Ambitions Get a Guarded Reception From Digital-Asset Companies
Hong Kong’s Crypto Ambitions Get a Guarded Reception From Digital-Asset Companies
Hong Kong kicked off a new crypto regulatory regime in a bid to nurture a digital-asset hub, a
2023-06-01 09:19
SambaNova Unveils New AI Chip, the SN40L, Powering its Full Stack AI Platform
SambaNova Unveils New AI Chip, the SN40L, Powering its Full Stack AI Platform
PALO ALTO, Calif.--(BUSINESS WIRE)--Sep 19, 2023--
2023-09-19 22:15
Apple, Microsoft remain world's top 2 companies by market cap
Apple, Microsoft remain world's top 2 companies by market cap
Tech giants Apple and Microsoft remained the top two global companies by market capitalisation at the end of
2023-08-01 18:23