Posts Tagged: talks

Sam Altman and Greg Brockman are meeting with OpenAI execs now at HQ in ongoing talks over reinstatement

Newly ousted OpenAI CEO Sam Altman and former president Greg Brockman are meeting with executives at the company’s San Francisco headquarters now as discussions about possibly reinstating their positions continue, The Information reports. Per The Information, interim CEO Mira Murati and others have been leading the push to get Altman reinstated as CEO, and invited the two to HQ on Sunday. Altman and Brockman showed up for talks this afternoon, sources told The Information.

Around the time of the report’s publication, Altman tweeted a photo of himself wearing a guest badge for entry into the building, writing, “first and last time i ever wear one of these (sic)” — which could be interpreted several different ways, at this point. Sources told The Verge that Altman has set a 5PM PT deadline for board members to reach an agreement that could ultimately determine whether he walks away from OpenAI, or they do. 

After Altman was fired without warning on Friday, Brockman stepped down in solidarity, along with a slew of senior researchers. Other staff members have reportedly pledged to resign as well and follow the two to other projects, signaling their support on social media, according to The Verge. The state of Altman’s position — and OpenAI’s future leadership — has remained up in the air this weekend as backlash against the board’s initial decision grows. On Saturday evening, The Verge broke news that the board was considering reinstating him as CEO, and had “agreed in principle” to resign if so. But, the board reportedly couldn’t make up its collective mind in time, and missed the deadline that had been set for the decision

According to Bloomberg, that’s at least in part because they’ve hit a brick wall in trying to agree on what the board will look and what its role will be if he’s reinstated. Altman reportedly wants the existing board gone if he’s to return, among other “governance changes” — including making former Salesforce CEO Bret Taylor a board member and possibly bringing on a Microsoft executive, Bloomberg reported, though the latter has not yet made a decision.

There has been much speculation over the reason behind Altman’s removal as CEO and from the OpenAI board of directors, which came as a surprise to Altman, staff, and investors. An internal memo sent that morning to staff and seen by Axios said that the decision to unseat Altman came as the result of “a breakdown in communication between Sam and the board.” It “was not made in response to malfeasance or anything related to our financial, business, safety, or security/privacy practices,” the memo from COO Brad Lightcap said.

Altman was fundraising for a custom AI chip project codenamed “Tigris” prior to his unexpected firing, Bloomberg reported. Per Bloomberg and The New York Times, which previously reported on his plans for other AI ventures, Altman has already pitched the idea of custom Tensor Processing Units (TPUs) that would rival NVIDIA’s to potential investors in the Middle East. He was also reportedly looking for backers to fund his hardware collaboration with former Apple designer, Jony Ive, for which he approached SoftBank founder Masayoshi Son. Sources with knowledge of the discussions told Bloomberg that Altman is trying to raise “tens of billions of dollars” to get these projects off the ground.

This article originally appeared on Engadget at https://www.engadget.com/sam-altman-and-greg-brockman-are-meeting-with-openai-execs-now-in-ongoing-talks-over-reinstatement-212124319.html?src=rss

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

OnePlus talks OnePlus 10 Pro, OxygenOS, and foldables

OnePlus sat down with the media and we learned a lot about its distribution strategy, development, and foldables.
Android | Digital Trends

Microsoft opened Activision acquisition talks three days after CEO harassment report

When Microsoft announced it would spend $ 68.7 billion to buy Activision Blizzard to bolster its Xbox gaming division, the news came as a surprise to many. For months, the troubled publisher had been in headlines stemming from the workplace sexual harassment lawsuit filed by California’s fair employment agency in July. The bad press hit a fever pitch on November 16th after The Wall Street Journal published a report that asserted Activision CEO Bobby Kotick had not only known about many of the incidents of sexual harassment that had occured at the company but had also acted to protect those who were responsible for the abuse.

Days after that article came out, Xbox chief Phil Spencer reportedly told employees he was “distributed and deeply troubled by the horrific events and actions” that allegedly took place at Activision Blizzard and that Microsoft would re-evaluate its relationship with the publisher. It’s one day after that email that Spencer called Kotick to start the process that would end with Microsoft announcing plans to buy Activision Blizzard some two months later, according to a US Securities and Exchange Commission filing first spotted by CNBC.

Starting on page 31 of the document, Microsoft devotes nearly 10 pages detailing the timeline of its talks with Activision. According to the filing, Spencer told Kotick during their November 19th phone call that “Microsoft was interested in discussing strategic opportunities” between the two companies and asked if he had time to talk to Microsoft CEO Satya Nadella the following day. That Saturday, November 20th, Nadella made it clear Microsoft hoped to purchase the publisher, stating the company was “interested in exploring a strategic combination with Activision Blizzard.”

It turns out the quick pace at which the talks moved was mainly due to all the other companies interested in buying up Activision Blizzard after its stock dived in November. At least four other companies contacted the publisher about a possible acquisition. None of them are named in the SEC filing. However, one notably wanted to just buy Blizzard. Activision didn’t move forward with that option because the company’s board of directors deemed the sale would have been too difficult to pull off.

The document also details the terms of the purchase agreement. If the deal doesn’t go through due to antitrust complications, Microsoft has agreed to pay Activision Blizzard a termination fee of up $ 3 billion. A few years ago, that’s a possibility Microsoft probably wouldn’t have had to worry about too much, but 2022 finds the company in a very different regulatory environment. At the start of the month, NVIDIA abandoned a $ 40 billion bid to buy ARM after the Federal Trade Commission sued to block the purchase. President Biden appointed Lina Khan, the Commission’s current chair, to the position on the strength of her experience in antitrust law. When the NVIDIA-ARM deal fell through, the agency specifically noted it was "significant" because it "represents the first abandonment of a litigated vertical merger in many years." 

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

Huawei sues Verizon after patent talks break down

Huawei and Verizon's not-very-public feud has escalated into courtroom warfare as the telecoms company files lawsuits across Texas. Huawei is alleging that Verizon is infringing on its networking patents without paying the proper fees, and it wants "…
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Spotify may be in talks to buy culture outlet The Ringer

Spotify might be making one of its biggest moves yet in its bid to conquer the podcasting world. Wall Street Journal sources say the streaming company is in "early" talks to acquire The Ringer, the sports- and pop culture-oriented outlet founded by…
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Stream select Tribeca Film Festival talks live on Facebook

The Tribeca Film Festival is underway, and it's live-streaming a handful of its talks. Through the festival's Facebook page, you can watch conversations with celebs like Queen Latifah, Michael J. Fox, Denis Leary, Ali Wong and Tiffany Haddish. You ca…
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Spotify is reportedly in talks for a $200 million podcast purchase

Spotify is reportedly looking to sink big money into podcasts. According to Recode and The Wall Street Journal, the music streaming company is currently in talks to acquire podcasting giant Gimlet Media for over $ 200 million. If Spotify manages to fi…
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Here we go yet again – Sprint and T-Mobile re-open merger talks

Several years ago, a recurring news item that seemed to spring up on a regular basis was the continuing saga of legal fights between Apple and their Android competitors. With those issues largely settled, a replacement for that void has appeared in the form of a merger involving wireless carriers Sprint and T-Mobile. After a […]

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Inside sources say T-Mobile, Sprint merger talks have resumed

Although they are at a very preliminary level and informal in nature, inside sources says officials with both SoftBank Group and Sprint have contacted Deutsche Telekom, majority owner of T-Mobile, about a possible merger. The resumption of talks may have been triggered by an April 27th deadline passing that concluded a spectrum auction blackout period for participants […]

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