List of All Articles with Tag 'c'

Even after a record stretch of asset sales that total at least $6.6 billion in just two years,

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 will bring back Sam Altman and overhaul its board to bring on new directors including Larry Summers,

South Korea is avoiding the global trend toward long-term agreements on liquefied natural gas due to high prices,

The European Central Bank has written to about 20 lenders to warn them that it will impose fines

The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry

By Tom Westbrook SINGAPORE Asian stocks backed away from 2-1/2-month highs on Wednesday and the dollar found support

Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder Changpeng Zhao onside. These

By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE Citigroup has made new appointments in Asia Pacific following a

Barclays said on Wednesday it no longer expects the U.S. Federal Reserve to raise interest rates in January,

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’

Airline SAS AB received approval from a bankruptcy court in New York for a $1.2 billion rescue package