List of All Articles with Tag 'tech'

ChatGPT-maker OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after

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

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’

SYDNEY Australia said on Wednesday it would spend A$26.2 million ($17 million) to establish "rapid assistance" teams to

By Samrhitha A (Reuters) -HP Inc on Tuesday forecast first-quarter profit below Wall Street estimates but maintained annual earnings outlook,

By Jody Godoy (Reuters) -Few people can force OpenAI to change governance at the crisis-stricken artificial-intelligence company, and the head

(Reuters) -Sam Altman and OpenAI's board have opened discussions to bring back its former CEO, and the startup's backer Microsoft

By Chavi Mehta, Max A. Cherney and Stephen Nellis (Reuters) -Chip designer Nvidia said on Tuesday it expects a steep

By Hyunjoo Jin and Dan Levine (Reuters) -A Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and

By Chris Prentice, David Lawder and Jonathan Stempel NEW YORK (Reuters) -Binance chief Changpeng Zhao stepped down and pleaded guilty

Permira and Blackstone on Tuesday said that they willacquire eBay-backed online classifieds group Adevinta ASA for about 141

(Reuters) -Analog Devices projected first-quarter revenue and profit below market estimates on Tuesday as the chipmaker grapples with an ongoing