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CRM

MSFT

Salesforce CEO Marc Benioff has launched a recruitment drive targeting OpenAI talent, offering immediate jobs and comparable pay to join Salesforce's Einstein-Trusted AI research team. The move has elicited a mix of reactions online, with some OpenAI researchers publicly declining the offer. Amidst a staff rebellion at OpenAI, Salesforce's recruitment efforts mirror Microsoft's strategy to attract ChatGPT-parent researchers. The number of OpenAI staff interested in Salesforce's offer is unknown.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 7:31 am

CRM

GOOG

GOOGL

MSFT

NVDA

Following the removal of Sam Altman as CEO of OpenAI, competitors like Google (Alphabet Inc), Anthropic, Nvidia, and Salesforce have reported increased interest from customers and potential employees. Google has seen a surge in activity, Cohere has experienced a rise in inquiries, and over 100 customers have reached out to Anthropic. Salesforce's CEO Marc Benioff has invited OpenAI researchers to join his company. This comes after an internal revolt at OpenAI, with reports of employees willing to leave for Microsoft, where Altman is now employed.

Portfolio Pulse from Ananya Gairola

November 22, 2023 | 5:49 am

SQ

Block Inc. (NYSE:SQ) CEO Jack Dorsey is changing the company's performance management by eliminating annual performance reviews and PIPs, aiming to foster a 'culture of excellence'. Dhanji Prasanna has been appointed as the new CTO. Regular evaluations will replace annual reviews, with immediate dismissal for underperforming employees. Despite these changes, Block has seen a 37.5% increase in Bitcoin revenue and a gross profit of $44 million from Bitcoin in Q3, leading to a rise in its share price.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 4:48 am

MSFT

Microsoft (NASDAQ:MSFT) is facing internal discontent after announcing the hiring of OpenAI employees with matched compensation. This has caused unrest among existing staff who have experienced job insecurity, layoffs, and salary freezes. The hiring of OpenAI's ex-CEO Sam Altman and President Greg Brockman to lead a new AI research group has added to the perceived disparities. OpenAI's board is struggling to manage a crisis as over 96% of its employees demanded the board's resignation and are ready to quit, potentially following Altman to Microsoft.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 3:49 am

SBUX

The Strategic Organizing Center, a coalition of labor unions including the Service Employees International Union, is pushing for three seats on Starbucks' board. This move intensifies the ongoing conflict over worker pay and conditions, as the group aims to influence the company's governance due to perceived oversight failures regarding employee treatment.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:10 pm

DIS

Disney has acknowledged that new collective bargaining agreements with the Directors Guild of America, the Writers Guild of America (WGA), and SAG-AFTRA will result in increased costs for the company, according to a Reuters report citing a recent filing.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:13 pm

DLO

Diego Cabrera Canay, CFO of dLocal Ltd (DLO), has announced his resignation to seek new opportunities. This executive change could influence the company's financial strategies and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:10 pm

F

GM

NFLX

PARA

PARAA

STLA

General Motors Company (GM) has decided not to spend on Super Bowl LVIII commercials, a move that may be related to cost-cutting measures following a UAW strike. The strike could lead to billions in losses for Detroit's big three automakers, including GM, and has resulted in increased wages for UAW employees. GM's CEO Mary Barra has announced delays in electric vehicle launches and cost-cutting initiatives. Stellantis (STLA) and Ford Motor Company (F) were also targeted by UAW strikes, with Ford's CEO expressing a preference for vehicle updates over Super Bowl ads.

Portfolio Pulse from Chris Katje

November 21, 2023 | 8:35 pm

MSFT

Microsoft is preparing for the potential arrival of OpenAI employees by readying office space and resources in LinkedIn's San Francisco offices. This follows the announcement that Sam Altman and Greg Brockman are joining Microsoft to lead a new AI research team. Despite Altman's firing from OpenAI and ongoing negotiations, Microsoft is offering OpenAI employees similar compensation to join them. The situation is still uncertain, with the possibility of Altman returning to OpenAI.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:10 pm

MSFT

Microsoft is preparing for the potential arrival of OpenAI employees by readying office space and resources in LinkedIn's San Francisco offices. This follows the announcement that Sam Altman and Greg Brockman are joining Microsoft to lead a new AI research team. Microsoft was surprised by Altman's firing from OpenAI but is open to him returning if the board is reconstituted. The company is setting up workspaces and providing legal and HR support for onboarding, and promises similar compensation for OpenAI employees joining Microsoft.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:09 pm