The for-profit model has a far better track record than non-profits of delivering value to society...

(Bloomberg) -- OpenAI said it’s in “intense discussions” to unify the company after another tumultuous day that saw most employees threaten to quit if Sam Altman doesn’t return as chief executive officer.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnMusk D...

Global shares traded mixed Tuesday after a rally on Wall Street that was led by gains in Microsoft following its announcement that it was hiring Sam Altman, former CEO of OpenAI, the ChatGPT maker. The moves to facilitate more lending come as the real estate industry remains mired in a crisis brought on by a crackdown on excessive borrowing and worsened by a broad economic slowdown. Hong Kong’s Hang Seng erased earlier gains and slipped 0.3% to 17,733.89, while the Shanghai Composite inched down less than 0.1% to 3,067.93...

Sam Altman’s sudden removal as CEO of OpenAI has underscored a simmering tension around artificial intelligence: the ability to turn powerful science into a profitable and fast-growing business. While the details of what happened at OpenAI remain unknown, a majority of OpenAI’s board members had grown uncomfortable with the company’s pace of innovation and Altman’s plan to continue building the company into a more powerful business. “OpenAI was deliberately structured to advance our mission: to ensure that artificial general intelligence benefits all humanity,” OpenAI’s board said in its announcement dismissing Altman...

(Bloomberg) -- OpenAI is in “intense discussions” to unify its divided staff, Vice President of Global Affairs Anna Makanju wrote late Monday in an internal memo reviewed by Bloomberg News.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnTech Giants Roar as N...