Fun

News Feed - 2023-11-22 01:11:03

Tristan Greene7 hours agoMicrosoft, Salesforce, Nvidia swoop in to hire OpenAI employees as walkout threats increaseOpenAI’s future remains uncertain as employees threaten a walkout over the firing of former CEO and co-founder Sam Altman.13938 Total views19 Total sharesListen to article 0:00NewsJoin us on social networksOpenAI’s decision to fire CEO Sam Altman may have put the company’s future in jeopardy. 


The lion’s share of its employees have reportedly threatened to walk out unless the ousting is reversed. Complicating matters further, a number of executives from Big Tech organizations have offered jobs to employees considering leaving.To my partners at OpenAI: We have seen your petition and appreciate your desire potentially to join Sam Altman at Microsoft’s new AI Research Lab. Know that if needed, you have a role at Microsoft that matches your compensation and advances our collective mission.— Kevin Scott (@kevin_scott) November 21, 2023 Salesforce will match any OpenAI researcher who has tendered their resignation full cash & equity OTE to immediately join our Salesforce Einstein Trusted AI research team under Silvio Savarese. Send me your cv directly to ceo@salesforce.com. Einstein is the most successful… pic.twitter.com/1RXoc9ekeo— Marc Benioff (@Benioff) November 20, 2023


Microsoft chief technology officer Kevin Scott and Salesforce founder and CEO Marc Benioff have offered to match the compensation of any OpenAI employees looking to jump ship, while team leaders at both Meta’s Fundamental AI Research tea and Nvidia have solicited resumes and offered to place former OpenAI employees in their divisions.My team at NVIDIA is hiring. We you all from OpenAI. Engineers, researchers, product team, alike. Email me at linxif@nvidia.com. DM is open too. NVIDIA has warm GPUs for you on a cold winter night like this, fresh out of the oven.

I do research on AI agents. Gaming+AI,… pic.twitter.com/fVlUgSrsRc— Jim Fan (@DrJimFan) November 20, 2023 I'm really sorry to hear what's happening to our OpenAI friends. Our team at FAIR is actively hiring for our mixed-modal LLM team across the whole pipeline. Please reach out to me if you're interested.— Armen Aghajanyan (@ArmenAgha) November 20, 2023


The outpouring of support comes on the heels of a rollercoaster 12 months for OpenAI. The firm released its seminal ChatGPT product in November 2022 to worldwide acclaim. In the time since, the company’s valuation has catapulted to a reported $86 billion. However, Altman’s surprise ousting on Nov. 17 has resulted in unprecedented turmoil for the firm.


As of the time of writing, a reported 700 of the company’s supposed 770 employees — including Ilya Sutskever, the sole remaining co-founder to occupy a position on the firm’s board of directors — have signed a letter signaling their intent to walk out if Altman isn’t reinstated.


Related:Microsoft and Nvidia stocks reach all-time highs amid OpenAI CEO shuffle


While the threat of an employee walkout isn’t unusual in the tech sector after a company overhaul, this particular scenario could have an outsized impact, according to speculation from numerous researchers and pundits.


One less likely scenario involves the hypothetical wholesale hiring of all available OpenAI employees by a larger firm such as Microsoft. This would effectively create a hostile takeover scenario wherein OpenAI is acquired in all but name for pennies on the dollar.It's in Microsoft's interest to hire the OpenAI employees to gut OpenAI and build the Advanced AI team at Microsoft, a wild scenario:

-Microsoft offers *each* of the 770 employees a "modest" $10,000,000 ($10M) signing bonus.

-That would cost a meager $7.7B.

-A $82.3B saving…— Jeremiah Owyang (@jowyang) November 20, 2023


However, there are multiple other scenarios to consider. Recent reports show that OpenAI’s board and newly hired CEO, Emmett Shear, are engaged in “intense discussions” with employees and stakeholders.


If successful, OpenAI could retain its core development team and move forward with its new CEO. But Microsoft’s hiring of Altman as the CEO of an as-yet-undisclosed new artificial intelligence division within the company could complicate matters, as he may no longer be incentivized to lead OpenAI.


It remains to be seen whether OpenAI employees will make good on their threat to walk out if the company chooses not to overturn its Nov. 17 decision or if Altman refuses to return.


Microsoft and OpenAI did not immediately respond to requests for comment.# NVidia# Business# Microsoft# AI# OpenAIAdd reactionAdd reactionRead moreCan blockchain supply the guardrails to keep AI on course?Spot Bitcoin ETF: Why this time is differentGoogle to invest another $2B in AI firm Anthropic: Report

News Feed

DeFi fund, Texas apparel company sue to defend airdrop against SEC
Derek Andersen3 hours agoDeFi fund, Texas apparel company sue to defend airdrop against SECThe tokens are distributed for free and unasked for, so they’re not securities, according to the suit.3759 Total viewsListen to
Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale
Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood
Grayscale Adds 174,000 LTC to Its Litecoin Holdings- Price of the Altcoin Unresponsive
Grayscale Adds 174,000 LTC to Its Litecoin Holdings- Price of the Altcoin Unresponsive According to reports, Grayscale added 174,000 tokens to its litecoin holdi
Defi Lending Startup Aave Launches Permissioned Platform to Entice Financial Institutions
Defi Lending Startup Aave Launches Permissioned Platform to Entice Financial Institutions On January 5, the open-source non-custodial decentralized finance (defi) lending platform
Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs
Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining ca
William Suberg1 hour agoWeekly close risks BTC price ‘double top’ — 5 things to know in Bitcoin this weekBitcoin battles $26,000, with BTC price action at a crucial decision point heading into the first week of Sep
Derek Andersen4 hours agoMIT Digital Currency Initiative introduces at-scale, programmable CBDC platformPArSEC — short for “parallelized architecture for scalably executing smart contracts” — runs on the ERC-20
Lazarus Group laundered over $200M in hacked crypto since 2020
Zoltan Vardai9 hours agoLazarus Group laundered over $200M in hacked crypto since 2020The notorious group of hackers has used a combination of crypto mixers and peer-to-peer marketplaces to launder the stolen funds.1302
Bitcoin’s Bullish Case Hinges On $94,645 Support: Will Buyers Step In?
Este artículo también está disponible en español. The Bitcoin market continued to struggle in February marked by a high level of investor uncertainty. Over the last tradi
Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils
Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law
Bitcoin Near ‘Extreme Bubble’ but Tesla More Vulnerable: Deutsche Bank Survey
Bitcoin Near "Extreme Bubble" but Tesla More Vulnerable: Deutsche Bank Survey Deutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent o
Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax
Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax Binance has returned to the South Korean cryptocurrency market after two years with a “meaningf