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Microsoft’s $13 Billion OpenAI Tie-Up Cleared by UK's Competition and Markets Authority
UK's Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The decision, after around 14 months of scrutiny, removes one UK regulatory uncertainty for Microsoft, which faces a continued investigation into its cloud service offerings.
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OpenAI Weighs Special Voting Rights to Guard Against Hostile Takeovers: Report
OpenAI CEO Sam Altman and board members are reportedly evaluating new governance measures as the company transitions to a traditional for-profit structure. As of now, no firm decisions have been made.
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OpenAI Board Rejects Elon Musk's $97.4 Billion Offer
OpenAI has rejected Elon Musk's bid for OpenAI. Musk's lawyer Marc Toberoff, in a statement, responded that OpenAI is putting control of the for-profit enterprise up for sale, and said the move will "enrich its certain board members rather than the charity.”
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"Not For Sale": OpenAI Board Rejects Elon Musk's $97.4 Billion Offer
OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.
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Elon Musk Will Pull OpenAI Bid if ChaGPT-Maker Remains Non-Profit, Lawyers Say
A consortium led by Elon Musk will withdraw its bid for OpenAI's non-profit arm on one condition -- that OpenAI lets go of its plans to become a for-profit entity. OpenAI's board has not yet received a formal bid from Musk's group, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over the unsolicited attempt.
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DeepSeek May Face Further Regulatory Actions, European Data Protection Board Says
DeepSeek may face more actions from national regulators in the future, Europe's privacy watchdog said on Tuesday, underscoring the bloc's concerns about the rising popularity of the cheap Chinese Artificial Intelligence startup.
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OpenAI's Board Said to Have Not Received Elon Musk's Takeover Bid
OpenAI's board of directors has not yet received a formal bid from Musk's group, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over the unsolicited attempt to take control of the world's most prominent AI company.
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Sam Altman Describes Elon Musk As A "Bully" Who "Enjoys Getting Into Fights"
The two co-founded OpenAI in 2015, but Musk departed the board in 2018 and has since become a vocal critic of the company, even launching a lawsuit against OpenAI and Microsoft.
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OpenAI Said to Aim to Attract More Investment by Removing 'AGI' Clause With Microsoft
OpenAI is in talks to remove a clause that prevents Microsoft from accessing the firm's most advanced Artificial general intelligence (AGI) models once they are developed, as part of the company's efforts to secure additional investment, according to a report in the Financial Times.
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OpenAI Appoints Veteran AI Safety Professor Zico Kolter To Board
Kolter, whose work predominantly focuses on AI safety, will also join OpenAI board's safety and security committee, alongside CEO Sam Altman, amid growing concerns on AI safety, with models becoming more powerful.
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Coinbase Adds Three New Board Members Including OpenAI's Chris Lehane
Coinbase has onboarded three new board members. These include Chris Lehane, a member of the executive team at OpenAI; Paul Clement, former US Solicitor General under President George W. Bush; and Christa Davies, chief financial officer for Aon.
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Microsoft And Apple Exit Observer Roles On OpenAI Board
In a move reflecting shifting dynamics in the tech industry, both Microsoft and Apple have decided to relinquish their observer seats on the board of OpenAI, reported UK-based 'The Financial Times'.
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Microsoft Gives Up Observer Seat on OpenAI Board Amid Regulatory Scrutiny: Report
Microsoft will not be an observer in OpenAI's board, according to a report. Microsoft took a non-voting, observer position on OpenAI's board in November last year after OpenAI CEO Sam Altman took back the reins of the company which operates the generative AI chatbot ChatGPT.
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OpenAI Creates Safety and Security Committee as It Begins Testing Its Next Major AI Model
OpenAI announced the formation of a new committee to oversee the safety and security measures taken in the company’s projects and operations, on Tuesday. The Safety and Security Committee comprises select board members and is tasked with evaluating and further developing the San Francisco-based AI firm’s processes and safeguards. The new commit...
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Sam Altman's "Outright Lying" Led To His OpenAI Ouster, Reveals Ex-Board Member
She added that Mr Altman gave board members "inaccurate information about the small number of formal safety processes" OpenAI had in place.
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Microsoft’s $13 Billion OpenAI Tie-Up Cleared by UK's Competition and Markets Authority
UK's Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The decision, after around 14 months of scrutiny, removes one UK regulatory uncertainty for Microsoft, which faces a continued investigation into its cloud service offerings.
-
OpenAI Weighs Special Voting Rights to Guard Against Hostile Takeovers: Report
OpenAI CEO Sam Altman and board members are reportedly evaluating new governance measures as the company transitions to a traditional for-profit structure. As of now, no firm decisions have been made.
-
OpenAI Board Rejects Elon Musk's $97.4 Billion Offer
OpenAI has rejected Elon Musk's bid for OpenAI. Musk's lawyer Marc Toberoff, in a statement, responded that OpenAI is putting control of the for-profit enterprise up for sale, and said the move will "enrich its certain board members rather than the charity.”
-
"Not For Sale": OpenAI Board Rejects Elon Musk's $97.4 Billion Offer
OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.
-
Elon Musk Will Pull OpenAI Bid if ChaGPT-Maker Remains Non-Profit, Lawyers Say
A consortium led by Elon Musk will withdraw its bid for OpenAI's non-profit arm on one condition -- that OpenAI lets go of its plans to become a for-profit entity. OpenAI's board has not yet received a formal bid from Musk's group, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over the unsolicited attempt.
-
DeepSeek May Face Further Regulatory Actions, European Data Protection Board Says
DeepSeek may face more actions from national regulators in the future, Europe's privacy watchdog said on Tuesday, underscoring the bloc's concerns about the rising popularity of the cheap Chinese Artificial Intelligence startup.
-
OpenAI's Board Said to Have Not Received Elon Musk's Takeover Bid
OpenAI's board of directors has not yet received a formal bid from Musk's group, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over the unsolicited attempt to take control of the world's most prominent AI company.
-
Sam Altman Describes Elon Musk As A "Bully" Who "Enjoys Getting Into Fights"
The two co-founded OpenAI in 2015, but Musk departed the board in 2018 and has since become a vocal critic of the company, even launching a lawsuit against OpenAI and Microsoft.
-
OpenAI Said to Aim to Attract More Investment by Removing 'AGI' Clause With Microsoft
OpenAI is in talks to remove a clause that prevents Microsoft from accessing the firm's most advanced Artificial general intelligence (AGI) models once they are developed, as part of the company's efforts to secure additional investment, according to a report in the Financial Times.
-
OpenAI Appoints Veteran AI Safety Professor Zico Kolter To Board
Kolter, whose work predominantly focuses on AI safety, will also join OpenAI board's safety and security committee, alongside CEO Sam Altman, amid growing concerns on AI safety, with models becoming more powerful.
-
Coinbase Adds Three New Board Members Including OpenAI's Chris Lehane
Coinbase has onboarded three new board members. These include Chris Lehane, a member of the executive team at OpenAI; Paul Clement, former US Solicitor General under President George W. Bush; and Christa Davies, chief financial officer for Aon.
-
Microsoft And Apple Exit Observer Roles On OpenAI Board
In a move reflecting shifting dynamics in the tech industry, both Microsoft and Apple have decided to relinquish their observer seats on the board of OpenAI, reported UK-based 'The Financial Times'.
-
Microsoft Gives Up Observer Seat on OpenAI Board Amid Regulatory Scrutiny: Report
Microsoft will not be an observer in OpenAI's board, according to a report. Microsoft took a non-voting, observer position on OpenAI's board in November last year after OpenAI CEO Sam Altman took back the reins of the company which operates the generative AI chatbot ChatGPT.
-
OpenAI Creates Safety and Security Committee as It Begins Testing Its Next Major AI Model
OpenAI announced the formation of a new committee to oversee the safety and security measures taken in the company’s projects and operations, on Tuesday. The Safety and Security Committee comprises select board members and is tasked with evaluating and further developing the San Francisco-based AI firm’s processes and safeguards. The new commit...
-
Sam Altman's "Outright Lying" Led To His OpenAI Ouster, Reveals Ex-Board Member
She added that Mr Altman gave board members "inaccurate information about the small number of formal safety processes" OpenAI had in place.
