Business Matters | Is OpenAI on the verge of a great tech breakthrough?
The Hindu
Business Matters | Is OpenAI on the verge of a great tech breakthrough?
A day before Sam Altman was fired as chief of OpenAI recently, he had said at the Asia-Pacific Economic Cooperation summit:
“Four times now in the history of OpenAI, the most recent time was just in the last couple weeks, I’ve gotten to be in the room, when we sort of push the veil of ignorance back and the frontier of discovery forward.”
Was this a hint of things to come on the tech front? Maybe. When he was asked to go a day later, the company’s board said that Altman had not been “consistently candid in his communications with the board.” It appointed Chief Tech Officer Mira Murati as the interim CEO.
And then came the next bombshell. Murati was part of the group – comprising a great majority of the company’s more than 750 employees that sought Altman’s return as also the resignation of the existing board members.
Though there was talk of Altman’s return to OpenAI, that didn’t immediately pan out immediately. Microsoft then announced his appointment as the head of its own AI team.
The OpenAI board then appointed Emmett Shears as CEO. Of course, not only did Altman return to OpenAI but its board was also rejigged.
Importantly, what does Shears’s appointment tell us about what might be in store? Why were top names such as Satya Nadella, Eric Schmidt and others backing him so stoutly? Why you should care about the drama at OpenAI and Sam Altman’s firing and return?
Erran Berger, the Vice President of Product Engineering at LinkedIn, thinks the former type of division of labour is rapidly disappearing
India mandates oil and gas firms to share import and export data to mitigate consumer shortages amid rising global prices.
HDFC Bank's chairman Atanu Chakraborty resigns over ethical concerns; Keki Mistry appointed interim chairman for three months.
Stock markets continue to rise for the third day as Sensex and Nifty gain nearly 1%, fueled by IT stocks.
Indian-flagged vessels in the Strait of Hormuz carry 2 lakh MT LNG and 16.7 lakh MT crude, amidst geopolitical tensions.
Equity analysts downgrade earnings forecasts for oil marketing companies, citing rising costs and market pressures for fiscal 2027.
Plastic product prices may surge by 50-60% in April due to rising polymer costs amid ongoing geopolitical tensions.
Centre offers 10% more LPG to States that accelerate piped gas rollout amid ongoing supply challenges and increased consumer demand.
Indian-flagged vessels in the Strait of Hormuz carry 2 lakh MT LNG and 16.7 lakh MT crude, amidst geopolitical tensions.
Stock markets continue to rise for the third day as Sensex and Nifty gain nearly 1%, fueled by IT stocks.
Rising oil prices and LPG shortages are driving India's shift to electric cooking, offering cost-effective and energy-efficient alternatives.
The rupee fell to a record low of 92.63 against the dollar, while equities surged with Sensex up 633.29 points.
Alibaba is sharpening its artificial intelligence strategy by focusing on agents that connect the many businesses under its sprawling corporate umbrella.