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OpenAI’s unusual nonprofit structure led to dramatic ouster of sought-after CEO

Unlike Google, Facebook and other tech giants, the company behind ChatGPT was not created to be a business. While OpenAI later transitioned to a for-profit model, its controlling shareholder remains the nonprofit OpenAI Inc. and its board of directors. This unique structure made it possible for four OpenAI board members — the company's chief scientist, two outside tech entrepreneurs and an academic — to oust CEO Sam Altman on Friday...

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AAPL

Apple CEO Tim Cook tells Dua Lipa how long he’ll remain in the role

Tim Cook recently talked with pop singer Dua Lipa about how long he thinks his tenure at Apple will be and the iPhone maker’s succession planning...

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TSLA

New York City investment chief calls on Tesla to sanction Musk unless he apologizes

New York City Comptroller Brad Lander told Reuters on Tuesday that Tesla's board of directors should sanction CEO Elon Musk if he does not apologize for endorsing an antisemitic comment on his social media platform X. Lander oversees about $946 million in Tesla shares for New York City public retirement funds. Lander's remarks make him the latest Tesla shareholder to call on the EV maker to rein in Musk...

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Tracking Jeremy Grantham’s GMO Capital Portfolio – Q3 2023 Update

Jeremy Grantham's 13F portfolio value declined by 2% to $21.17B in Q3 2023. Microsoft, UnitedHealth, Alphabet, J&J, and Meta Platforms are top holdings...

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MSFT

These Stocks Moved the Most Today: Lowe’s, Broadcom, Palantir, Kohl’s, American Eagle, Burlington, Symbotic, and More

Lowe's cuts its fiscal-year guidance, and same-store sales at Kohl's fall more than expected. Broadcom, meanwhile, plans to close its merger of VMware on Wednesday after getting conditional approval for the deal from China’s antitrust regulator...

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TSLA

Is Elon Musk’s Social Media Drama Hurting Tesla?

Tesla's market share has significantly dropped to a record low of 50% in Q3, possibly influenced by Elon Musk's controversial actions and decisions on Twitter...

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MSFT

OpenAI board in talks with Sam Altman to negotiate his potential return: report

OpenAI's board of directors is reportedly in talks with Sam Altman to return to the artificial intelligence startup, days after the panel abruptly fired him as CEO...

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MSFT

OpenAI, Microsoft hit with new author copyright lawsuit over AI training

OpenAI and Microsoft were sued on Tuesday over claims that they misused the work of nonfiction authors to train the artificial intelligence models that underlie services like OpenAI's chatbot ChatGPT. OpenAI copied tens of thousands of nonfiction books without permission to teach its large language models to respond to human text prompts, said author and Hollywood Reporter editor Julian Sancton, who is leading the proposed class action filed in Manhattan federal court. The lawsuit is one of several that have been brought by groups of copyright owners, including authors John Grisham, George R.R. Martin and Jonathan Franzen, against OpenAI and other tech companies over the alleged misuse of their work to train AI systems...

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AMZN

Dow Jones Falls As Fed Minutes Reveal These Worries; Jeff Bezos Sells Amazon Stock

The Dow Jones Industrial Average fell as the latest Fed minutes revealed central bankers continue to contemplate further tightening. Amazon.com fell as founder Jeff Bezos unloaded millions of shares. Nvidia fell ahead of earnings...

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MSFT

Artificial Intelligence 2023 Country Rankings: Top 20

In this article, we will look at the top 20 countries in AI. We have also discussed the latest developments in AI. If you want to skip our detailed analysis, head straight to our article: Artificial Intelligence 2023 Country Rankings: Top 5. Artificial intelligence (AI) has permeated nearly every aspect of our lives, from the […]...

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