List of All Articles with Tag 'h'

Chinese farmers in some provinces are being forced to let fresh vegetables rot in their fields due to

The Chinese government has begun reviewing its tariffs on Australian wine, with Beijing likely to remove the taxes

One of China’s largest investment banks has warned its analysts against making any bearish calls and to avoid

German automaker Mercedes-Benz said on Thursday it had reached an agreement with BMW to establish a joint venture

Rice prices are on track for a new 15-year high, threatening to spark more angst in Asia and

ASML Holding NV plans to appoint Christophe Fouquet to the chief executive’s role when its two co-presidents retire

Microsoft has been given a non-voting observer seat on OpenAI’s board, following the official return of Sam Altman as the ChatGPT company’s chief. OpenAI reached a deal to have Mr Altman back as the company’s chief executive, just days after it abruptly fired him. Mr Altman said he was looking forward to returning to OpenAI with the support of Microsoft chief Satya Nadella. “Sam Altman is back as CEO, Mira Murati as CTO and Greg Brockman as President. OpenAI has a new initial board,” OpenAI posted on Thursday on X. “I have never been more excited about the future. I am extremely grateful for everyone’s hard work in an unclear and unprecedented situation, and I believe our resilience and spirit set us apart in the industry,” Mr Altman said in a memo to employees. The addition of Microsoft, which has heavily invested in OpenAI, to its board as a non-voting observer means the software giant will get more access to view the company’s progress. It will, however, not have an official vote on its decisions. Mr Altman’s return also resolves some of the uncertainties around the non-profit company and its leadership. “The best interests of the company and the mission always come first. It is clear that there were real misunderstandings between me and members of the board,” the returning chief said in his memo. “For my part, it is incredibly important to learn from this experience and apply those learnings as we move forward as a company,” he said. “I welcome the board’s independent review of all recent events.” With three of the board members who ousted Mr Altman now gone, the company said its new board will consist of former Salesforce co-chief Bret Taylor, who will be OpenAI chairman, former treasury secretary Larry Summers and Quora boss Adam D’Angelo. OpenAI co-founder Ilya Sutskever, who voted to remove Mr Altman and later changed position to push for his return, will also exit the board, the company said. Greg Brockman, who quit the company amid the chaos last week, is returning to his previous role as the company’s president, OpenAI said. “Our research roadmap is clear; this was a wonderfully focusing time. I share the excitement you all feel; we will turn this crisis into an opportunity,” Mr Altman told employees. Read More Inside OpenAI’s bizarre boardroom battle with the man ‘who can see the future’ 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’ Microsoft’s new AI tool cleans up messy backgrounds in video calls Nasa has received a signal from 10 million miles away

Six months after abandoning a hot China recovery trade, Taosha Wang is poised to dive back in. Encouraged

Tesla’s first deliveries to customers of its highly-anticipated Cybertruck will take place at the company’s Austin, Texas headquarters later on Thursday. The event is expected to see the first 10 customers taking their Cybertruck deliveries, and the Elon Musk-owned company will also announce more details about the electric pickup truck. The event will be livestreamed on the electric carmaker’s website on Thursday. “Cybertruck deliveries start on Thursday,” Tesla chief Elon Musk said in a post on X the day before. The company first unveiled the vehicle, which it dubbed “an armoured personal carrier from the future”, at a much-publicised but chaotic event in 2019 that offered people the chance to reserve a Cybertruck with a $100 deposit. While Tesla received over 200,000 reservations for the vehicle within the first three days, production for the vehicle was delayed for years. The carmaker had initially promised the vehicle would come towards the end of 2021 along with full production for 2022, but this schedule was pushed back by another year due to supply chain issues. The company later said deliveries for the long-delayed vehicle would commence in the third quarter of 2023. In August, it said it had received 1.9 million $100 reservations to date. Speaking to podcaster Joe Rogan last month, Mr Musk said the Cybertruck will be bulletproof. He said the pickup truck will have bulletproof steel panels and an option for people to purchase bulletproof glass. Mr Musk also said more features of the vehicle will be unveiled during Thursday’s event. The upcoming demonstration of the Cybertruck will have the vehicle being shot at with a Tommy gun, a 45mm shotgun and a 9mm gun, according to the Tesla titan. The bulletproof nature of the truck has been the subject of intense hype. During the first demonstration of the Cybertruck’s toughness in 2019, the vehicle’s window immediately smashed after Mr Musk invited an audience member to throw a small metal ball at it. “Well, maybe that was a little too hard,” the Tesla chief had said. “It didn’t go through, so that’s a plus... room for improvement.” Mr Musk claimed prior testing of the vehicle may have compromised the window. “Sledgehammer impact on door cracked base of glass, which is why steel ball didn’t bounce off. Should have done steel ball on window, *then* sledgehammer the door,” he said. The multibillionaire also played down hopes that the Cybertruck will revive profits for the carmaker in the near future, announcing in an earnings call last month that it could take at least 18 months for the pickup truck to become profitable for Tesla. “There will be enormous challenges in reaching volume production with Cybertruck and making the Cybertruck cash flow positive,” he told investors and analysts. Read More Microsoft gets seat on OpenAI board with Sam Altman back as chief executive Nasa has received a signal from 10 million miles away Apple names its App Store apps of the year Microsoft gets seat on OpenAI board with Sam Altman back as chief executive Nasa has received a signal from 10 million miles away Apple names its App Store apps of the year

By Naomi Rovnick LONDON November has shaped up to be a fairytale month for equities, with the festive

Israel and Hamas have agreed to extend their truce for at least another day, allowing for the release

By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK After making hay when a summer bond rout propelled the