Sam Altman

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Tech Stocks Suggest Cracks in the AI Hype

Investors sell, shift to 'defensive plays'

(Newser) - After months of blockbuster gains, Wall Street's top tech stocks are suddenly stumbling as questions about artificial intelligence and stretched valuations unsettle even their most loyal investors. While the prospect of lower interest rates are energizing real estate, banks, and manufacturers, tech stocks are showing signs of fatigue....

The Business World's Most Powerful People

Nvidia CEO Jensen Huang tops Fortune 's list

(Newser) - Chip manufacturer Nvidia has been in the news of late for becoming the world's first company to hit the $4 trillion mark , and now its CEO is also making news. Jensen Huang tops Fortune's list of the most powerful people in the business world, only the second time...

Meta Is Trying to Poach OpenAI's 'Best' With $100M Offers

At least according to OpenAI chief Sam Altman, who says his top staffers are so far staying loyal

(Newser) - OpenAI CEO Sam Altman says Meta is trying to lure his team members with substantial offers, including $100 million signing bonuses. The push comes as Meta invests heavily in artificial intelligence, recently spending $14 billion to acquire a major stake in the Scale AI startup. Despite the offers, Altman...

Trump Brought a Bunch of Honchos to Saudi Arabia

The list of American executives in attendance is long

(Newser) - President Trump landed in Saudi Arabia on Tuesday to a very warm welcome , and he brought with him an entire entourage. As the New York Times reports, a who's who of business executives attended a lunch in Riyadh, as well as a significant part of Trump's Cabinet. A...

Biggest Inauguration Donor Was a Poultry Company

Pilgrim's Pride gave $5M of Trump's record $239M haul

(Newser) - President Trump not only won the 2024 election, the campaign to raise cash for his inauguration also hit the jackpot. As NBC News reports, Trump's inaugural committee raised a staggering $239 million, smashing the previous record—also held by Trump from his first inauguration—of about $107 million. Bloomberg...

Musk-Led Group Seeks to Buy OpenAI for $97.4B
OpenAI Board Rejects
Bid by Musk-Led Group
updated
Feb 14, 2025 5:05 PM CST

OpenAI Board Rejects Bid by Musk-Led Group

Investors had offered about $97.4B

(Newser) - OpenAI said Friday that its board of directors has unanimously rejected a $97.4 billion takeover bid led by Elon Musk. "OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition," said a statement from Bret Taylor, chair...

Surprise Musk Offer Highlights Simmering Feud
After Musk
Offer, Altman
Says: 'I Feel
for the Guy'
the rundown
Feb 11, 2025 12:06 PM CST

After Musk Offer, Altman Says: 'I Feel for the Guy'

Surprise bid for OpenAI highlights a long-simmering tech feud

(Newser) - Elon Musk surprised the world of tech and business on Monday by engineering an offer to buy OpenAI, the artificial intelligence firm behind ChatGPT. Sam Altman, OpenAI's chief executive, immediately shot down the bid, but that is far from the end of things. The gist of coverage is that...

Musk's Latest Move Appears to Have Angered Trump Team

He publicly slams AI initiative pushed by the president

(Newser) - On Tuesday, President Trump announced "the largest AI infrastructure project by far in history"—Stargate, a $500 billion joint venture with Oracle, SoftBank, and ChatGPT maker OpenAI. Trump further called it a "tremendous" and "monumental" initiative. Elon Musk soon weighed in, and his remarks appear to...

Sam Altman: I Did Not Sexually Abuse My Sister

Ann Altman files suit against OpenAI CEO, accuses him of molestation starting when she was 3

(Newser) - "My sister has filed a lawsuit against me," Sam Altman posted on X over the weekend, and what he's being accused of in the complaint is shocking. CNN reports that Ann Altman filed her suit against the OpenAI CEO on Monday in federal court in Missouri, accusing...

Sam Altman's $27M Mansion Is No Dream Home

The OpenAI chief's legal team has sued over alleged defects

(Newser) - It's a $27 million San Francisco mansion complete with its own Batcave-like tunnel entrance. It's also a "lemon," claims a lawsuit filed by the 950 Lombard LLC, which bought the Russian Hill mansion four years ago. The San Francisco Standard traces the LLC to the man...

Elon Musk Sues OpenAI: You're Not Helping Humanity
Musk Drops Lawsuit
Against OpenAI
UPDATED
Jun 11, 2024 8:25 PM CDT

Musk Drops Lawsuit Against OpenAI

His complaint claimed founders broke their original vow to make it an open-source resource

(Newser) - Elon Musk has dropped his lawsuit against OpenAI and two of its co-founders, including CEO Sam Altman. According to a court filing seen by CNBC , the case in California state court was dismissed without prejudice. A judge had been due to rule Wednesday on the defendants' request to dismiss the...

Billionaire Altman Makes Philanthropy Pledge

OpenAI CEO adds his name to the Giving Pledge

(Newser) - The Giving Pledge announced Tuesday that OpenAI CEO Sam Altman has joined its list of wealthy philanthropists committed to donating over half their fortunes, per the AP . The move comes after a tumultuous six months for Altman , the co-founder of the San Francisco-based company behind ChatGPT and a venture capitalist...

OpenAI Co-Founder Is Out, Months After Leading 'Failed Coup'

Ilya Sutskever says he'll be working on a 'personally meaningful' project next

(Newser) - Another shakeup at OpenAI: Ilya Sutskever, who was, alongside Sam Altman, among the co-founders of the artificial intelligence startup, is leaving the company. He will be replaced as chief scientist by Jakub Pachocki, currently OpenAI's research director, NBC News reports. "I am excited for what comes next—a...

Sam Altman Joins a Pretty Exclusive Club

OpenAI CEO is officially a billionaire, according to Forbes

(Newser) - There's a new billionaire in town. Sam Altman, the 38-year-old CEO of the company that created ChatGPT, is now worth at least $1 billion, according to Forbes , putting him at No. 2,747 on the magazine's list of the world's richest people . Though Altman has no equity...

OpenAI Board: Sam Altman Is the 'Right Leader' for Us:

Beleaguered CEO is reinstated to company's board after independent probe into his behavior

(Newser) - A "saga that has shocked the artificial intelligence industry" has come full circle. The AP reports that an independent probe commissioned by OpenAI's board has found CEO Sam Altman's conduct "did not mandate removal," effectively reinstating him to its ranks. Based on the investigation conducted...

Reuters: Before Axing Altman, Board Got Cautionary Letter

Sources say it told of a 'powerful artificial intelligence discovery'

(Newser) - It's a thinly sourced report but an intriguing one: Reuters reports two sources have told it that ahead of OpenAI CEO Sam Altman's firing, the board of directors was sent a warning letter penned by staff researchers that warned "of a powerful artificial intelligence discovery that they...

In Latest Twist, Ousted CEO to Return to OpenAI

Sam Altman will be back, ChatGPT maker says in statement

(Newser) - The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry , the AP reports. San Francisco-based OpenAI said in a statement late Tuesday: "We have reached an agreement in principle for...

Microsoft's Hiring of Ousted CEO a 'Poker Move for the Ages'

What we know so far about the drama at OpenAI with Sam Altman

(Newser) - The drama at OpenAI , the dominant company in the field of artificial intelligence, is apparently not over. The board surprised all of tech by ousting CEO Sam Altman, who was promptly hired by Microsoft. But with most OpenAI employees now threatening a mutiny over the board's actions, it's...

Report: 700 of OpenAI's 770 Employees Threaten to Quit

They've signed letter demanding reinstatement of Altman, resignation of board

(Newser) - A mutiny appears to be brewing at OpenAI after the ouster of CEO Sam Altman . Sources tell the New York Times that more than 700 of the artificial intelligence company's 770 employees, including many of its top researchers, have signed an open letter threatening to leave the start-up for...

OpenAI Founders Quickly Find New Jobs

Microsoft hires Sam Altman, Greg Brockman 'to lead a new advanced AI research team'

(Newser) - Microsoft announced Monday that it has hired Sam Altman and another architect of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world, reports the AP . Microsoft Chairman and CEO Satya Nadella tweeted that the US tech giant is...

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