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Corporate Responsibility

MSFT

Elon Musk, co-founder of OpenAI and CEO of Tesla, expressed concern over the boardroom battle at OpenAI, which led to the ouster of CEO Sam Altman. Musk, who left OpenAI in 2018, is worried about the company becoming profit-driven and has previously called for regulation of AI technology. OpenAI's chief scientist, Ilya Sutskever, is rumored to be behind Altman's removal, which may be linked to Altman's efforts to start an AI chip company. OpenAI received a $10 billion investment from Microsoft in January.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 7:58 am

NIO

Nio Inc's co-founder Qin Lihong dismissed rumors about the company's potential bankruptcy at the Guangzhou auto show, assuring that Nio is secure. He highlighted a 40% year-on-year growth in deliveries until the end of October, with 126,067 vehicles delivered from January through October, a 36.3% increase from the previous year. Despite a net loss reported in Q2, Nio met its Q3 delivery guidance and expects significant revenue growth for the quarter.

Portfolio Pulse from Anan Ashraf

November 20, 2023 | 7:49 am

MSFT

OpenAI has named former Twitch CEO Emmett Shear as its new CEO after Mira Murati's efforts to reinstate former CEO Sam Altman failed. Murati, who was interim CEO, and the board, represented by Quora CEO Adam D'Angelo, were in talks to bring back Altman and ex-President Greg Brockman. Microsoft, an investor in OpenAI, supported Altman, who was removed by the board for lack of transparency. Altman's potential AI chip startup and funding efforts may have contributed to the board's decision.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 7:15 am

TSLA

Elon Musk is under scrutiny for backing an anti-Semitic post, but has not faced any sanctions in his 52-year career, according to crisis management expert Eric Dezenhall. Dezenhall suggests Musk's response will depend on his perception of the threat to his companies. Advertisers like Apple, IBM, and NBCUniversal have pulled ads from Musk's social media platform following the controversy. Musk has denied the allegations of anti-Semitism on the platform.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 6:40 am

MSFT

Microsoft Corp. (NASDAQ:MSFT) is reportedly considering a board role at OpenAI as discussions about Sam Altman's return as CEO progress. Microsoft's CEO Satya Nadella is involved in the negotiations, and the company may invest in Altman's new venture if his return to OpenAI is not possible. The situation reflects a potential shift in Microsoft's influence over OpenAI.

Portfolio Pulse from Benzinga Neuro

November 20, 2023 | 3:26 am

MSFT

Sam Altman, former CEO of OpenAI, was seen at the company's offices with a 'Guest' badge, amidst discussions of his potential reinstatement as CEO. His presence and the support from key figures like Microsoft CEO Satya Nadella have fueled speculation about his return. The situation reflects a period of uncertainty and possible transition at OpenAI, with stakeholders closely monitoring the impact on the company's direction.

Portfolio Pulse from Benzinga Neuro

November 20, 2023 | 1:30 am

MSFT

Negotiations between OpenAI and Sam Altman have reportedly encountered difficulties due to disagreements over Altman's role on the board. The specific issues at stake in the negotiations have not been disclosed, and there is no information on how this might affect OpenAI's relationship with Microsoft (MSFT), which may be mentioned in the article.

Portfolio Pulse from Charles Gross

November 20, 2023 | 1:06 am

MSFT

Microsoft is reportedly seeking a seat on the board of OpenAI following its recent investment in the AI research lab. This move comes as OpenAI restructures its board after a $1 billion investment from Microsoft, which aims to strengthen the partnership between the two entities and influence the direction of OpenAI's advancements in artificial intelligence.

Portfolio Pulse from Charles Gross

November 20, 2023 | 12:11 am

MSFT

Sam Altman, CEO of OpenAI, tweeted a photo of himself wearing a guest badge at OpenAI, humorously noting it's the first and last time he'll do so.

Portfolio Pulse from Charles Gross

November 19, 2023 | 11:57 pm

GOOGL

MSFT

SPY

OpenAI's board of directors recently fired Sam Altman, and following this, interim CEO Mira Murati has invited Altman to the company's San Francisco headquarters in an effort to have him reinstated. Greg Brockman, OpenAI's former chairman and president who resigned after being removed by the board, has also been invited. Chief Strategy Officer Jason Kwon expressed optimism about reinstating Altman, Brockman, and several senior researchers who resigned in support of them.

Portfolio Pulse from Benzinga Newsdesk

November 19, 2023 | 8:19 pm