Friday, December 27

Tag: Management Moves

Microsoft Needs a Better Seat at OpenAI’s Table
28Nov By adminNo Comments
Money

Microsoft Needs a Better Seat at OpenAI’s Table

Microsoft played a weak hand rather well in the drama that engulfed OpenAI last week. But the tech giant now has a complicated task ahead: It needs to solidify its relationship with the high-profile startup while also showing it can chart its own course in the vital field of artificial intelligence.Wall Street has cheered Microsoft CEO Satya Nadella’s handling of the situation, which began with the surprise firing of OpenAI Chief Executive Sam Altman by the company’s board of directors late on Friday, Nov. 17, and concluded with Altman agreeing four days later to return to his role. In the interim, Microsoft announced plans to hire Altman directly, along with any other OpenAI employees who cared to join. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5ed...
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Former NBCUniversal Chief in Talks to Join Private-Equity Firm RedBird Capital Partners
27Nov By adminNo Comments
World

Former NBCUniversal Chief in Talks to Join Private-Equity Firm RedBird Capital Partners

Updated Nov. 27, 2023 3:43 pm ETFormer NBCUniversal Chief Executive Jeff Shell is in advanced talks to join private-equity firm RedBird Capital Partners, leading its sports and entertainment investment business.Shell is likely to begin work at the company in January, a spokesperson for RedBird said. RedBird has expanded its media holdings in recent years and owns stakes in the production companies Skydance Media and Artists Equity, the studio launched by Ben Affleck and Matt Damon.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Our Updated Guide to OpenAI, Sam Altman, What Happened and What’s Next
25Nov By adminNo Comments
World

Our Updated Guide to OpenAI, Sam Altman, What Happened and What’s Next

Updated Nov. 25, 2023 8:44 am ETIn the past week, Sam Altman was fired as CEO of OpenAI, stumbled in a coup to return and then finally secured his old job at the artificial intelligence company. A team of reporters at The Wall Street Journal has hustled to find out what happened, why, what’s next and what the consequences are for Altman, employees, investors, customers—and the future of AI. Here, please find a selection of our work thus far. Much more to come.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sam Altman to Return as CEO, OpenAI Says
25Nov By adminNo Comments
Technology

Sam Altman to Return as CEO, OpenAI Says

Updated Nov. 22, 2023 11:09 am ETOpenAI said Sam Altman will return as chief executive of the artificial-intelligence startup that he co-founded, ending a dramatic five-day standoff between him and the board that fired him.OpenAI said the parties were “collaborating to figure out the details.” The company announced the formation of a new initial board that won’t include three of the four board members involved in removing Altman.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Binance and the End of Crypto’s Dream to Escape From Government
24Nov By adminNo Comments
World

Binance and the End of Crypto’s Dream to Escape From Government

On Nov. 21, Binance, the world’s largest cryptocurrency exchange, pleaded guilty to breaking U.S. anti-money-laundering laws. Its CEO has stepped down, and the company will pay $4.3 billion in penalties. While the eye-watering fine is getting the headlines, it’s the details of the agreement that really redefine the relationship between government and crypto.U.S. authorities describe this as a watershed moment for crypto’s compliance with American law. They’re right—and crypto only has itself to blame. Crypto’s creators aspired to create a decentralized money system, with no entry points for state oversight and surveillance. But the crypto economy has become increasingly centralized around exchanges like Binance and Coinbase. While these exchanges allow customers to store and convert money...
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Our Guide to OpenAI, Sam Altman and What the Heck Happened
24Nov By adminNo Comments
Technology

Our Guide to OpenAI, Sam Altman and What the Heck Happened

Nov. 24, 2023 10:04 am ETIn the past week, Sam Altman was fired as CEO of OpenAI, stumbled in a coup to return and then finally secured his old job at the artificial intelligence company. A team of reporters at The Wall Street Journal has hustled to find out what happened, why, what’s next and what the consequences are for Altman, employees, investors, customers—and the future of AI. Here, please find a selection of our work thus far. Much more to come.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Names Zhu Hexin as Party Chief of Forex Regulator
24Nov By adminNo Comments
World

China Names Zhu Hexin as Party Chief of Forex Regulator

Updated Nov. 24, 2023 2:14 am ETVeteran banker Zhu Hexin has been named as the new Communist Party chief of China’s foreign-exchange regulator, succeeding Pan Gongsheng, who heads up the country’s central bank.Zhu was also named as a member of the Communist Party committee at the People’s Bank of China, according to a statement from the State Administration of Foreign Exchange.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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