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Following his surprise dismissal on Friday, Altman had briefly joined Microsoft as the head of artificial intelligence research along with the ChatGPT maker's former President Greg Brockman and other staff. The developments come less than a year after OpenAI kicked off a generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names. Date Event Nov. 17 OpenAI board fires CEO, co-founder Sam Altman and President Greg Brockman quits after being removed from the board...
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Sam Altman to return to OpenAI as CEO with new board of directors. Nvidia slips as Q3, guidance blow past expectations. Elon Musk, Tesla engineers were aware of Autopilot defect - judge...
Continue ReadingUnder Armour's struggles are possibly ending, as a better technical and fundamental outlook suggest a compelling buy opportunity. Click here to read...
Continue ReadingExplore how Apple's Services segment is driving growth, achieving new revenue records, and has the potential to generate $164 billion in revenue...
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Argosy Investors ended Q3 2023 with 38.6% of the portfolio in cash and short-term government bonds. Click here to read the full fund letter...
Continue ReadingThe market reaction to generative artificial intelligence over the past year implies that investors already know how this revolution will play out. But not so fast...
Continue ReadingAn internal memo says: “Our number one goal remains to reunify OpenAI and discussions are actively ongoing.”...
Continue ReadingFew people can force OpenAI to change governance at the crisis-stricken artificial-intelligence company, and the head of Microsoft, a major financial backer, is not one of them, according to legal experts. The nonprofit board overseeing the maker of the popular ChatGPT chatbot sent shock waves through Silicon Valley on Friday by abruptly firing Chief Executive Sam Altman. Nearly all of the company's 700 employees signed a letter threatening to resign if the board does not step down, and Microsoft CEO Satya Nadella has called for governance changes...
Continue ReadingA Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Judge Reid Scott, in the Circuit Court for Palm Beach County, ruled last week that the plaintiff in a lawsuit over a fatal crash could proceed to trial and bring punitive damages claims against Tesla for intentional misconduct and gross negligence. The ruling is a setback for Tesla after the company won two product liability trials in California earlier this year over the Autopilot driver assistant system...
Continue Reading(Reuters) -A Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Judge Reid Scott, in the Circuit Court for Palm Beach County, ruled last week that the plaintiff in a lawsuit over a fatal crash could proceed to trial and bring punitive damages claims against Tesla for intentional misconduct and gross negligence. The ruling is a setback for Tesla after the company won two product liability trials in California earlier this year over the Autopilot driver assistant system...
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