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Microsoft stock hits all-time high after hiring former OpenAI CEO Sam Altman
Microsoft stock hits all-time high after hiring former OpenAI CEO Sam Altman
Microsoft stock has hit a record high after hiring sacked OpenAI boss Sam Altman and other key figures from the AI firm. The US tech giant, which is a key investor in OpenAI, is the second most valuable company in the world behind Apple. The firm’s market cap on 21 November reached above $2.8 trillion – up $1 trillion since the start of the year. Microsoft chief executive Satya Nadella announced that Mr Altman, who headed ChatGPT creator OpenAI until he was ousted on Friday, would join Microsoft to lead a new advanced AI research team alongside fellow OpenAI co-founder Greg Brockman “We’re 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 wrote on X, formerly Twitter. “We look forward to moving quickly to provide them with the resources needed for their success.” Despite his new role, Mr Altman is reportedly keen on returning to his former company following a revolt among OpenAI employees against the board. More than 700 OpenAI workers signed a letter threatening to quit unless the board resigns and reappoints Mr Altman as chief executive. “The process through which you terminated Sam Altman and removed Greg Brockman from the board has jeopardised all of this work and undermined our mission and company,” the open letter stated. “Your conduct has made it clear you did not have the competence to oversee OpenAI.” OpenAI board member Ilya Sutskever said on Monday that he “deeply regrets” his role in Mr Altman’s sacking, adding that he was now working to reunite the company. Following his exit from OpenAI last week, Mr Altman wrote on X: “I loved my time at OpenAI. It was transformative for me personally, and hopefully the world a little bit. Most of all I loved working with such talented people. Will have more to say about what’s next later.” After rumours emerged that he was looking to rejoin his former company after being hired by Microsoft, Mr Altman wrote: “Satya [Nadella] and my top priority remains to ensure OpenAI continues to thrive. “We are committed to fully providing continuity of operations to our partners and customers. The OpenAI/ Microsoft partnership makes this very doable.” Read More Microsoft chief hints Sam Altman may return as OpenAI staff demand board resignation OpenAI staff ‘threaten to quit over ousting of Sam Altman’ Microsoft’s new AI tool cleans up messy backgrounds in video calls
2023-11-21 18:07
Spain’s Climate Election Pits Water Police Against Angry Berry Farmers
Spain’s Climate Election Pits Water Police Against Angry Berry Farmers
The water cops knew their way around the maze of strawberry fields and dirt roads surrounding the Doñana
2023-07-22 12:00
Pioneer designer Iris Van Herpen on fashion that goes 'beyond beauty'
Pioneer designer Iris Van Herpen on fashion that goes 'beyond beauty'
For Iris van Herpen, whose radical couture dresses have attracted top musicians like Bjork, Beyonce and Lady Gaga, fashion is a way to...
2023-11-29 14:45
Stock market today: Asian markets are mostly lower as oil prices push higher
Stock market today: Asian markets are mostly lower as oil prices push higher
Shares are mostly lower in Asia after a decline on Wall Street as traders returned from a long holiday weekend
2023-09-06 12:50
Spotify will not ban all AI-powered music, says boss of streaming giant
Spotify will not ban all AI-powered music, says boss of streaming giant
The boss of Spotify has said he would not completely ban content generated by artificial intelligence from the music streaming service. Daniel Ek told the BBC he thought there were legitimate use cases for the technology in music, but that it should not be used to impersonate real artists without their consent. He said there were three “buckets” of AI use in music: tools such as auto-tune, which he said was acceptable; software which impersonated artists, which was not; and a more controversial middle ground where AI-generated music was inspired by a specific artist but did not directly mimic them. But he said the issue would likely be debated for “many, many years”. We've seen pretty much everything in the history of Spotify at this point with people trying to game our system Daniel Ek, Spotify “You can imagine someone uploading a song, claiming to be Madonna, even if they’re not. We’ve seen pretty much everything in the history of Spotify at this point with people trying to game our system,” he said. “We have a very large team that is working on exactly these types of issues.” Spotify does not allow content from its platform to be used to train AI models. Last month, Irish singer Hozier said he would consider striking over the threat of AI to the music industry, and a number of other artists have spoken out about their concerns around the use of technology in creating music. Regulators worldwide are stepping up their scrutiny of AI, given its explosion into general use worldwide and fears over its impact on jobs, industry, copyright, the education sector and privacy – among many other areas. The UK will host a safety summit on the potential opportunities and threats posed by AI in November. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-09-26 20:48
What does Andrew Tate think of Paul brothers? Top G doubts Logan Paul's loyalty to younger brother Jake Paul in potential grudge match against KSI
What does Andrew Tate think of Paul brothers? Top G doubts Logan Paul's loyalty to younger brother Jake Paul in potential grudge match against KSI
Andrew Tate questions Logan Paul's loyalty to Jake Paul, saying, 'Hopefully, he's in the right corner because brotherhood is the most important thing'
2023-07-20 16:44
iPhone 15 Pro rumor says 'Gold' is out, 'Titan Gray' is in
iPhone 15 Pro rumor says 'Gold' is out, 'Titan Gray' is in
For the first time in years, Apple will not be offering its new iPhone Pro
2023-08-25 21:40
Wales rugby star Liam Williams makes Japan switch
Wales rugby star Liam Williams makes Japan switch
Wales and British and Irish Lions full-back Liam Williams has left Cardiff to join Japanese...
2023-06-21 18:17
France unveils new, more ambitious emissions-cutting plan
France unveils new, more ambitious emissions-cutting plan
The French government unveiled a plan on Monday to accelerate cuts to its greenhouse gas emissions, targeting a reduction of 50 percent by...
2023-05-22 23:42
UBS Targets Lost Credit Suisse Assets After Posting Record Bank Profit
UBS Targets Lost Credit Suisse Assets After Posting Record Bank Profit
In his first quarter at the helm of UBS Group AG, Sergio Ermotti posted a profit for the
2023-09-01 15:36
Home Depot billionaire says he'd likely still fund Trump if candidate convicted
Home Depot billionaire says he'd likely still fund Trump if candidate convicted
By Alexandra Ulmer Republican mega-donor Bernie Marcus said on Tuesday he would likely still give money to Donald
2023-11-29 04:14
Local baffled by mysterious 'UFO' hovering in the sky
Local baffled by mysterious 'UFO' hovering in the sky
A mysterious spinning ‘UFO’ has been spotted in the night sky by a stunned local. The brightly illuminated object is seen spinning in the air, but it appears to hover above a mountain. The shocked onlooker zooms in on the mysterious aircraft while saying in wonder: “It’s moving.” The hovering UFO was filmed in the village of Honorato Vásquez, Ecuador, on Tuesday (9 Sept) evening. The local authorities have yet to respond to claims that the object was from outer space. One local said: “I believe it.” Manuel wrote: “Those crazy aliens.” Yet Eddy joked: “In that drone there, you wouldn’t even be able to fit two-quarters of a Martian!” It followed an alleged aerial battle between military personnel and several alien spaceships in Argentina this month. Scared locals claimed that the military base was attacked by four black triangular-shaped UFOs. Scores of residents gathered outside the Commander Espora Air Naval Base near Bahía Blanca, Buenos Aires, as thunderous noises sounded from within the perimeter walls. The Commission for the Study of UFO Phenomena of the Argentine Republic, an organisation dedicated to investigating alleged alien sightings, claimed to have information that there were four UFOs seen attacking the military base. The group said the alien spacecrafts were black and triangular in shape and that Argentine troops fired at them with anti-aircraft weapons. Group spokesperson Andrea Pérez Simondini said witnesses saw “four lights entering the territory from across the ocean before taking a strategic position over one of the buildings where ammunition is stored”. However, the military authorities have denied that the base was under attack and claimed that the videos were faked by unscrupulous locals. Navy spokesperson Captain Germán Luis Zarralanga said their Sikorsky SH-3 Sea King helicopter was taking part in a training exercise that night, but was not involved in any kind of altercation with other aircraft. When discussing the social media footage, the spokesperson said: “It’s an edit. I don’t know what their intentions were. “Airport security and airport workers did not report seeing anything, and everyone at the base was sleeping except for the person piloting the helicopter. There was no type of special activity, no tactical manoeuvres, just a normal helicopter training flight, nothing related to ammunition.” One local commented: “Incredible! How many UFOs? I can't believe it! Amazing. An interplanetary war has begun.” Another said: “Are you telling me that it was one of the first-ever confrontations between humans and UFOs and we shot them down?” Sign up for 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.
2023-09-24 18:18