Then on Sunday, OpenAI’s board rejected his first attempt to return to the startup by naming ex-Twitch boss Emmett Shearer as interim CEO. Susannah Streeter said, “Although it is still unclear what kind of tug-of-war was involved behind his initial departure, Sam Altman’s ideas about how to run the company will dominate its future direction, […]
Brockman, former president and co-founder of OpenAI, also arrived at the office on Sunday, The Information reported. Brockman resigned as chairman of the board as part of a management shakeup and announced Friday he was leaving the company. If Altman returns to OpenAI, Microsoft MSFT.O , its biggest backer, is considering taking a role on […]
In a post on X, Altman said that he “loved my time at OpenAI.” “It was a little transformative for me personally and hopefully for the world.” He promised to “tell more about what happens next later.” The launch of ChatGPIT sparked a race in AI – seen as the next big chapter in technology […]
Chinese e-commerce giant Alibaba has announced the sudden departure of former CEO Daniel Zhang, who was put in charge of a key subsidiary on Monday as the company undergoes a major restructuring. Hangzhou-based Alibaba is one of China’s most prominent technology companies, with businesses spanning cloud computing, e-commerce, logistics, media and entertainment and artificial intelligence. […]
Since taking over at Twitter in late October, Musk has repeatedly courted controversy, sacking most of his staff, readjusting far-right data on the platform, suspending journalists and removing previously free Charging fees for services. In response, advertisers abandoned Twitter due to concerns over marketing messages associated with disturbing content. “The people in this room are […]
Ermotti began his career as a teenage intern at the family-owned Corner Bank, a Swiss capital markets operation started from scratch, before working in the securities department and making his big break in 1987 at Merrill Lynch. During the financial crash of 2008 it was UBS, not Credit Suisse, that took the bulk of the […]
However, the High Court will not interfere with the role of the committees constituted by the Upazila Parishad under section 29 of the Upazila Parishad Act. Upazila Parishad Union President and Dumki Upazila President Haroon-or-Rasheed, its General Secretary Upazila President Saiful Islam Khan Biru, Upazila President Reena Parveen, Vice President Saleem Ahmed and Vice President […]
Shares of Boeing, which have risen nearly 70% since early October, fell 55 cents to close at $211.66 on Friday ahead of the announcement. Calhoun was the chairman of Boeing and then became CEO in January 2020 after Dennis Muilenburg was fired by the board. Calhoun had total compensation of $21.1 million in both 2020 […]
Iqbal previously served as the Chief Financial Officer and Chief Operating Officer of the company. LHBL Chairman Christoph Hassig said, “I am delighted that Iqbal will take over the reins of LHBL in Bangladesh. The Board believes that Iqbal is a perfect fit for the company and is well-qualified to lead the business into its […]
Toyota Motor Corp said on Thursday that Akio Toyoda would step down as chairman and chief executive to become chairman from April 1, handing over the reins of Japan’s biggest automaker to the company’s top branding officer. Toyota said Koji Sato, 53, would become the new CEO. Representative Director Takeshi Uchiyamada will step down as […]
However, earnings per share came in at 12 cents, which was less than the 45 cents expected by analysts polled by Refinitiv. Netflix projected a “modest” gain in subscribers through March. It projects a 4% year-on-year growth in revenue during the period with the help of new revenue streams. The company faces restrained consumer spending […]
Platform companies have created “dominant apps,” Zuckerberg said, which he calls killer apps, “but they’re not the only apps available.” After the FTC sued the owner of Facebook and Instagram in July to block inside deals and asked a judge to order a preliminary injunction, Meta’s “drive to win VR” began in 2014 when it […]
Elon Musk said Tuesday that he would step down as chief executive officer of Twitter after finding a replacement. Musk wrote on Twitter, “As soon as I see a fool who can take the job, I will resign as CEO. After that, I will just run the software and server teams.” It is the first […]
‘perfect storm’ Musk has generated a series of controversies in his short reign, described by Weinbush analyst Dan Ives as a “perfect storm”. He added that “advertisers have run for the hills and completely abandoned Twitter in red ink, which is potentially on track to lose nearly $4 billion per year.” Shortly after taking over […]
Tesla investors are concerned that Musk is spreading himself too thin after the Twitter deal. Tesla has already lost nearly 60% of its value this year as, like other carmakers, it grapples with supply chain issues and increasing competition in the EV space. Last month, Musk told a Delaware court that he would reduce his […]