Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Tech

OpenAI sacks CEO Sam Altman, as shakeup unfolds

Published

on

OpenAI, the renowned artificial intelligence research lab, has made a significant leadership change by ousting its CEO, Sam Altman.

This unexpected decision has sent shockwaves through the tech and AI communities, raising questions about the future direction of the organization.

The announcement, made by OpenAI’s board of directors, comes amid growing concerns and controversies surrounding Altman’s leadership. While the specific reasons for his removal have not been disclosed, it is clear that the board felt a change in leadership was necessary to address the challenges facing the organization.

The announcement blindsided many employees who discovered the abrupt management shuffle from an internal announcement and the company’s public facing blog. OpenAI scheduled an emergency all-hands meeting to discuss the news with employees Friday afternoon, a person familiar with the matter said.

“Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,” OpenAI said in the blog without elaborating.

The departure of Sam Altman, who had been at the helm of OpenAI since 2019, leaves many wondering about the implications for the lab’s groundbreaking AI research and its partnerships with industry giants like Microsoft.

Altman played a pivotal role in shaping OpenAI’s mission and strategy, and his sudden exit raises uncertainty about the organization’s future endeavors.

As the tech world watches this development closely, one can’t help but wonder:

What does this leadership shakeup mean for the future of OpenAI and the broader AI research landscape?

 

Continue Reading

Shows

Is GenerativeAI transforming education?

Published

on

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

Continue Reading

News

How AI is leveraging Amazon’s fast production

Published

on

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

Continue Reading

Tech

Tesla is slashing prices to stay competitive

Published

on

By

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

Continue Reading
Live Watch Ticker News Live

Trending Now