OpenAI’s ouster of CEO Sam Altman on Friday followed internal arguments among employees about whether the company was developing artificial intelligence safely enough, according to people with knowledge of the situation. Such disagreements were high on the minds of some employees during an impromptu all-hands meeting following the firing. Ilya Sutskever, a co-founder and board member at OpenAI who was responsible for limiting societal harms from its AI, took a... Read more ›
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OpenAI President Greg Brockman, who helped launch the artificial intelligence developer and has been key to developing ChatGPT and other core products, has resigned, according to a person with knowledge of the situation. The move came after the company's board fired CEO Sam Altman earlier Friday. Brockman was a member of the six-person board that fired Altman, after which the board said in a blog post that Altman had not... Read more ›
2
OpenAI Interim CEO Mira Murati on Friday told staff in a companywide meeting that its relationship with Microsoft—its biggest outside source of capital and computing power—was stable following the sudden firing of CEO Sam Altman, according to people with knowledge of the meeting. Microsoft CEO Satya Nadella and CTO Kevin Scott expressed “utmost confidence” in OpenAI following the unexpected news, Murati said, according to these people. Microsoft’s leaders were blindsided... Read more ›
17
Within minutes of meeting Amanda Bradford, founder of dating app The League, I had to bring up the company’s did-they-really-just-say-that subway ads. “Date someone with a 5-year plan that makes you want to ovulate” one reads; “Achieve multiple goalgasms” suggests another. Covering three New York stations—Columbus Circle, West Fourth and Bedford Avenue—the innuendo-laden black-and-white posters have provoked a flurry of criticism and general mockery online. I asked if the blowback... Read more ›
14
Amid the Israeli military’s siege of Gaza in late October, Ali, an Arab American tech investor, decided to send a letter to over 200 of his firm’s portfolio founders, fellow investors and other work contacts. He began the letter by saying he was outraged by the Hamas terror attacks of October 7 and he prayed for the safe return of every hostage. Ali, who requested that his real name be... Read more ›
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A few weeks ago, Sam predicted the end of the "venture capital industrial complex," a term he coined to refer to the old way of doing things in the industry. And so, I asked him this week, how—amid news of major new fundraises—that was holding up. That, and lots more, on this week's episode of More or Less. Apple Spotify YouTube Read more ›
0
Readers of The Information are spending more on software, especially programs related to artificial intelligence and the cloud, and expect to boost software budgets further in 2024, although perhaps at a slower pace.Our latest survey also found that readers expect conditions for tech companies to improve in the coming months, but they are slightly less optimistic about the outlook for tech than they were a month ago. The results are... Read more ›
0
The founder and CEO of InVision saw the siege coming. His successful user interface design startup was growing fast, having built a product that some expected to put Adobe, the juggernaut of the design industry, back on its heels. But Adobe was working on a next-generation app of its own, and another upstart, Figma, was gaining momentum with software that could be a game changer. So InVision’s CEO, Clark Valberg,... Read more ›
2
Lately, when San Francisco makes national headlines, it’s about crime, homelessness or questions about whether tech companies will ever return to downtown. So this week, it was nice to see San Francisco in the news for a different reason, as U.S. President Joe Biden and Chinese President Xi Jinping of China came to town for the Asia-Pacific Economic Cooperation Summit, a summit of world leaders to promote trade.I have never... Read more ›
5
Google’s company-defining effort to catch up to ChatGPT creator OpenAI is turning out to be harder than expected. Google representatives earlier this year told some cloud customers and business partners they would get access to the company’s new conversational AI, a large language model known as Gemini, by November. But the company recently told them not to expect it until the first quarter of next year, according to two people... Read more ›
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Before Frances Haugen became a global public figure for leaking a trove of internal documents on Facebook, she carefully avoided alerting Facebook’s security to her plans. The details on how—fascinating to journalists and probably alarming to any CEO—suggest Haugen knew she was about to launch a grenade into the strenuously cultivated public image of the company now called Meta Platforms.“To thwart potential surveillance to the greatest degree possible, I had... Read more ›
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A debate has resurfaced in the venture capital industry over the value of regularly updating portfolio startups’ valuations to better reflect current conditions—in particular, how aggressively to lower the value of the stakes. Many venture capitalists argue that markdowns are arbitrary and therefore meaningless, and that a VC firm’s limited partners won’t really know the value of a stake until it’s sold or the startup goes public. But some LPs... Read more ›
0
Web Summit attempted to put a turbulent chapter behind it this week, drawing more than 70,000 attendees to the annual tech conference in Lisbon. But the fallout from its former CEO's remarks isn’t over. Two Israeli startups, Lasso Security and Ask-AI, are rejecting the investments of the tech conference’s venture arm after former Web Summit CEO Paddy Cosgrave referred to Israel’s retaliatory strikes on Gaza as “war crimes.” Startups rarely... Read more ›
5
Before we get into today’s main topic, here’s a piece from our editor in chief Jessica Lessin and me that will be interesting if you’re into the drama of Silicon Valley and AI regulation.The article digs into the divisions between tech investors—well known to be an opinionated bunch—around how to regulate new AI technology. The most recent argument was triggered by the VC industry group Responsible Innovation Labs’ release of... Read more ›
0
In early 2022, JPMorgan Chase proudly claimed it was the first bank to enter the metaverse. Inside a crypto-focused virtual world called Decentraland, users could visit the swanky Onyx lounge, named after the bank’s blockchain operations, to mingle with fellow crypto enthusiasts and watch videos of the bank’s experts discussing crypto markets. Read more ›
0
Two years after abruptly exiting robotaxi developer Cruise, Dan Ammann is onto a new big thing—large-scale lithium mining. His employer is oil behemoth ExxonMobil, which—if Ammann is successful in an Arkansas drilling operation he announced this week—is poised to become a global player in lithium just as it is today in oil, gas and chemicals. Read more ›
0
If you’re a fashion plate on a budget, you’re probably a fan of Shein, known for selling ultracheap and trendy clothes. By all accounts, it’s popular with the kids. As we scooped today, the Singapore-based online store’s global revenue surged 40% in the first three quarters of this year, which means its revenue is now bigger than that of another fast-fashion retailer, H&M. We’ve no doubt that Shein’s investors, including... Read more ›
0
For the past week and a half, I’ve been reporting on a social media CEO who’s been slashing product management staff, taking a hands-on role with product decisions and extolling the benefits of spending longer hours in the office. It wasn’t Elon Musk.Instead, Snap co-founder and CEO Evan Spiegel has taken the hard-core mantle from Musk as Spiegel tries to lift Snap’s business out of its ad slump, I reported... Read more ›
0
Regulating artificial intelligence was always going to be a thorny issue. But a few months into Washington’s push to do so, the question of how to oversee powerful large language models and other AI is sharply dividing the tech community. On Tuesday, a venture capital industry group released a set of guidelines on “responsible AI,” calling on companies to promote measures such as AI safety checks, and “fostering trust through... Read more ›
0
To entice their investors off the sidelines, venture capital firms are turning to a tactic used during the dot-com bust: discounts. Coatue Management recently raised $1.4 billion for a companion fund to its $7.7 billion VC growth fund, according to two people with direct knowledge of the matter. Coatue is not charge existing investors in the growth fund management fees to invest in the companion fund. That saves the backers... Read more ›
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Most popular sources
Business Insider
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34% 5 |
Tech Wire Asia
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12% 4 |
CNET
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9% 3 |
Tom's Hardware
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7% 4 |
The Verge
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6% 1 |
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29.11.2024 06:39
Last update: 06:31 EDT.
News rating updated: 13:32.
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