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Former OpenAI Leaders Join Microsofts AI Research Team, Stirring Employee Backlash

Over 700 OpenAI employees signed a letter demanding the boards resignation and the reinstatement of former CEO Sam Altman. They threatened to leave fo

Over 700 OpenAI employees signed a letter demanding the boards resignation and the reinstatement of former CEO Sam Altman. They threatened to leave for Microsoft following news of Altman and cofounder Greg Brockman joining Microsofts AI research team. The employees warned of resignations if Altman and Brockman werent retained, despite potential immigration risks. OpenAIs chief scientist expressed regret over internal turmoil. Employees on visas fear complications with their immigration status. Microsoft created a special AI team for former OpenAI staff, with Altman possibly becoming CEO. Emmett Shear is the interim CEO at OpenAI. Microsofts move comes after failed negotiations to reinstate Altman. Their new AI chip aims to reduce reliance on Nvidia for AI computing. Read More..

B2B Tech News | 1 years ago          

Sam Altmans Microsoft Role Ignites Stock Surge to AllTime High

Microsofts stock hit a record high on Monday as former OpenAI CEO Sam Altman was announced to lead its AI department. Altmans firing led to a 2% surge

Microsofts stock hit a record high on Monday as former OpenAI CEO Sam Altman was announced to lead its AI department. Altmans firing led to a 2% surge in the stock to $378.81, slightly retracting afterward. To reach a new high close, it needs to surpass $376.17. Microsoft holds a significant stake in OpenAI with a $13 billion investment. Altmans dismissal faced opposition from key investors and the board, prompting discussions for his rehiring. Amid these negotiations, Microsoft seemingly benefitted. They offered Altman a job, resulting in stock gains. OpenAIs president, Greg Brockman, resigned and will also join Microsoft. Mira Murati became OpenAIs interim CEO, later replaced by former Twitch CEO Emmett Shear. Microsofts shares have risen approximately 56% this year. Read More..

B2B Tech News | 1 years ago          

Breaking Barriers Amazon Unveils Inclusive AI Training for Business and Developers

Artificial Intelligence AI skills are crucial in todays job landscape. Amazon is offering free generative AI courses called AI Ready to make these ski

Artificial Intelligence AI skills are crucial in todays job landscape. Amazon is offering free generative AI courses called AI Ready to make these skills accessible. Theyre expanding from AWSbased AI training to include 8 new courses. Amazon aims to reach 2 million users by 2025, adding to the 21 million already skilled in AWS cloud computing. The courses cater to both business/nontechnical users and developers/technical users. For business roles, there are courses on introductory generative AI, decisionmaking, and Amazons AI code generator. Developers can explore prompt engineering, lowcode machine learning, language models, Amazon Transcribe, and building AI applications using Amazon Bedrock. Read More..

B2B Tech News | 1 years ago          

Asian Equities Rally as Wall Streets Influence Boosts Market Sentiment

Asian stocks climb post Wall Streets gains and successful $16B US Treasury sale. Tech stocks lead, with South Korean, Australian, and Chinese equities

Asian stocks climb post Wall Streets gains and successful $16B US Treasury sale. Tech stocks lead, with South Korean, Australian, and Chinese equities up after the USlisted Chinese companies index rose 3.5%. US futures surge post S&P 500s highest close since August and Nasdaq 100 hitting a 22month peak. Strong 20year Treasury auction maintains gains, driving US 10year yields to around 4.4% and the dollar to an 11week low. The dollar weakens versus major currencies on the belief that US rates may have peaked. Offshore yuan strengthens past daily fixing for the first time since July. Richard Franulovich from Westpac Banking Corp. suggests the dollars downtrend may persist. Yen strengthened for the fourth consecutive day against the weakening dollar. Read More..

B2B Tech News | 1 years ago          

Manage Finances Better Apples Wallet Offers Debit Card Insights

Apple has introduced a new Wallet feature to enhance user experiences by integrating financial insights. This feature allows users to link their eligi

Apple has introduced a new Wallet feature to enhance user experiences by integrating financial insights. This feature allows users to link their eligible debit and credit cards, enabling them to view card balances and financial details directly in the Wallet app before making purchases. With access to spending history and account details, users can make informed decisions and manage their finances better. To use this, users need iOS 17.1, must connect their accounts to eligible cards, and go through authentication via their financial providers app or website following Open Banking standards. Jennifer Bailey, Apple’s VP of Apple Pay and Apple Wallet, highlights the aim to empower users to make informed financial choices and deepen banks relationships with customers through this initiative. Read More..

B2B Tech News | 1 years ago          

Reboxeds £1.6M Investment Set to Redefine Sustainable Electronics Market

London startup Reboxed, founded in 2020, recently raised £1.6m to address the global issue of ewaste by offering refurbished electronics and ecommerc

London startup Reboxed, founded in 2020, recently raised £1.6m to address the global issue of ewaste by offering refurbished electronics and ecommerce services. With over 50 million metric tons of ewaste generated yearly, Reboxed collaborates with brands to transition to a circular economy, embedding its solutions for partners to distribute refurbished devices. Partnering with SMARTY, they aim to provide accessible, ecofriendly tech. The investment, led by ACF Investors, supports Reboxeds growth, team expansion, technology enhancement, and brand scaling. ACF Investors sees Reboxed as reshaping sustainable consumption, offering premium like new products to UK consumers while maintaining a topnotch customer experience. Read More..

B2B Tech News | 1 years ago          

Corporate Bond Alert Morgan Stanley Highlights Risks in Maturing Junk Bonds

Morgan Stanley advises corporate bond investors to concentrate on premium investmentgrade and highyield bonds due to a wave of maturities that present

Morgan Stanley advises corporate bond investors to concentrate on premium investmentgrade and highyield bonds due to a wave of maturities that presents problems for more junkrated corporations. Although most of the bad bonds that were scheduled to mature in 2023 did so, Morgan Stanley reports that another $73 billion will mature in the following 18 months, which will rise to $125 billion over the next six months. According to the bank, Higherquality trash bonds that mature next year will probably need to refinance at interest rates that are 125–250 basis points higher than they are now. For issuers of junk bonds of inferior quality, the situation is more complicated, and downgrades are anticipated. Read More..

B2B Tech News | 1 years ago          

CostCutting Overhaul Appens Bold Moves Amid Leadership Shakeup

The Australian AI company Appen is considering selling all or a portion of its company. The firm is willing to communicate with possible counterpartie

The Australian AI company Appen is considering selling all or a portion of its company. The firm is willing to communicate with possible counterparties even if it has yet to receive any bids. Previously among the biggest AI training providers in the world, Appen has reduced costs by implementing costcutting measures and has experienced a whole change in its management team within the past two years. To increase its operating capital, the firm announced an equity offering of A$30 million $19.52 million. It also disclosed a further $14 million in cost savings, increasing its total costsaving efforts for the year to $60 million. For the ten months ended October 31, 2023, Appens gross profit and sales decreased by nearly 29% and 32%, respectively. Read More..

B2B Tech News | 1 years ago          



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