OpenAI on Friday announced its new board of directors and the end of an internal investigation by US law firm WilmerHale into the events leading up to the ouster of OpenAI CEO Sam Altman.Sam Altman will also join OpenAI's Board of Directors.The new board members are:Dr. Sue Desmond-Hellman, former CEO of the Bill & Melinda Gates Foundation, is also a member of Pfizer's Board of Directors and the President's Council of Advisors on Science and Technology. Nicole Seligman, former executive vice president and global general counsel of Sony Corporation and president of Sony Entertainment, is also a member of the…
Author: ricardofrancois
Washington – US employers continued to hire new workers at a rapid pace last month, providing fresh evidence that the overall economy remains strong, but new data showed that California still appears to be underachieving.California's job growth has been lagging the national curve all year, and although it made some progress in January, the Golden State still lags behind when it comes to adding new jobs.The state's unemployment rate also continued for months to exceed the national average by more than a full percentage point. California's latest unemployment rate, for January, was 5.2%.The national unemployment rate rose slightly in February…
Sam Altman, CEO of OpenAI, has a seat at the table — or board — again. OpenAI announced today that Altman will rejoin the company's board of directors several months after losing his seat and being fired as CEO of OpenAI. He is joined by three new members: former Bill & Melinda Gates Foundation CEO Sue Desmond-Hellman, former Sony Entertainment CEO Nicole Seligman, and Instacart CEO Fidji Simo – bringing the number of OpenAI's board to seven people. Members of the transition council – the board formed after Altman's ouster in November – will not step down, with Desmond Hellman,…
The Los Angeles City Council voted unanimously Friday to allow the demolition of a century-old building in the Westlake neighborhood that served as a Jewish landmark and later became the heart of labor organizing in the city.The vote was a victory for Catholic Charities, which purchased the building historically known as B'nai B'rith Lodge in 2018, but later said it was “dangerously dilapidated and structurally unsound” and could threaten the integrity of the surrounding neighborhood.Catholic Charities, a nonprofit associated with the Archdiocese of Los Angeles, sued the city in 2023, saying it was wrongly prevented from allowing the ornate 1924…
While zooming At a meeting with her senior leaders last summer, Techstars CEO Maëlle Gavet sat at a table, a notebook open in front of her, a laptop at her side, her arms crossed. An attendee had just asked her about progress on the organization's $80 million Advancing Cities Fund, raised through JP Morgan's private bank platform. With the calm demeanor of someone trying to watch her words, she replied that the Advanced Cities Initiative was not going well. Multiple incidents across multiple programs caused JPMorgan to panic, according to sources familiar with the conversation, including evidence seen by TechCrunch.…
Former President Donald Trump and his allies in the Republican National Committee want to persuade Tesla and SpaceX CEO Elon Musk to speak at the Republican Party convention in July, people familiar with the matter told CNBC.Republican leaders believe giving Musk a chance to speak at the convention could lead some of his fans to boost what has been historically lagging support for the party among young adult voters on Election Day, a source familiar with that belief said.Trump is expected to be confirmed at an event in Milwaukee, Wisconsin, as the Republican Party's presidential nominee, setting up a 2020…
Check out the companies making headlines in midday trading. Nvidia – Shares fell 5.6% as Nvidia took a break from its winning streak. Earlier in the session, the stock hit a new 52-week high. The chipmaker has gained 7% week to date and is on track for its ninth straight winning week. Marvell Technology – The chip company sank more than 11% on light first-quarter earnings and revenue guidance. Marvell Technology said it expects adjusted earnings of 23 cents per share in the first quarter, less than the 40 cents expected by analysts polled by LSEG, formerly known as Refinitiv.…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Cybersecurity startup Wiz is in talks to raise more than $10 billion, underscoring the sector's resilience and signaling a recovery in venture capital markets.Founded just four years ago, Wiz is in talks with investors including Thrive, Light Speed Venture Partners and G Squared to raise hundreds of millions of dollars, according to people familiar with the matter. The company may seek to raise nearly $800 million, one of the people said, adding that Sequoia and Israeli cyber venture group Cyberstarts are also…
Cavan photos | Cavan | Getty ImagesPresident Joe Biden has rolled out plans to address the nation's affordable housing issues, including new tax breaks for first-time homebuyers and sellers of “starter homes.” However, experts have mixed opinions about these proposals.“I know the cost of housing is very important to you,” Biden said during his State of the Union address Thursday evening.”If inflation continues to fall, mortgage interest rates will also fall. But I am not waiting,” he said.More smart tax planning:Here's a look at more tax planning news.How Home Starter Sale Credit Works for Home BuyersBiden proposed a “mortgage relief…
Stay informed with free updatesSimply subscribe to myFT Digest US Stocks – delivered straight to your inbox.It has never been easier to invest in the ninth best team in the Mongolian Premier League.Last Saturday, Brera Illich (formerly Bianzürich Sporting Illich) suffered a 6-1 loss in their first match under the control of Brera Holdings, the Nasdaq-listed “Social Impact Soccer (US Soccer)” company that owns other clubs in the region. North Macedonia. Italy and Mozambique. Think Todd Boehly's Blueco 22 but with much better players. Brera shares have fallen nearly 70 percent since going public 14 months ago. The club's chief…