Meet OpenAI’s new board of directors: Bret Taylor, Larry Summers and Adam D’Angelo. Or, more precisely, the board for the time being. Around 1 a.m. Eastern Time on Tuesday, OpenAI announced that, after the company’s previous board of directors abruptly fired Sam Altman as CEO last Friday, it had reached an agreement “in principle” for […]
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Sam Altman is returning to OpenAI as its chief executive, the high-profile AI startup said Wednesday, capping an intense five days of discussions, debates and convincing following the sudden dismissal of Altman from the startup he co-founded. OpenAI, which is the most valuable U.S. startup, said it has reached an “agreement in principle” for Altman’s […]
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There is “reasonable evidence” to conclude that Tesla and its officers, including CEO Elon Musk, knew its vehicles had defective Autopilot systems but still allowed the cars to be driven in areas “not safe for that technology,” a Florida judge found. The ruling last week from Judge Reid Scott, in the Circuit Court for Palm […]
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Integrating with a payment API is something most — if not all — business-to-consumer platforms are forced to do at some point. It’s practically unavoidable if they wish to take credit card payments. The trouble is, for platforms dealing in bills and invoices, not just one-off charges, few payment APIs have all the features necessary […]
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AI startups that aren’t OpenAI are plugging away this week, it’d seem — sticking to their product roadmaps even as coverage of the chaos at OpenAI dominates the airwaves. See: Stability AI, which this afternoon announced Stable Video Diffusion, an AI model that generates videos by animating existing images. Based on Stability’s existing Stable Diffusion text-to-image […]
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Kinterra Capital, a Canadian private equity firm, has closed its $565 million debut fund dedicated to securing critical mineral assets for battery development. The influx of private capital comes amid increasing government incentives into the sourcing and production of battery materials in North America. Kinterra’s oversubscribed round will target asset-level investments in North America, Western […]
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Have you ever puked and had diarrhea at the same time? I have, and when it happened, I was listening to a fan-made audiobook version of Harry Potter and the Methods of Rationality (HPMOR), a fan fiction written by Eliezer Yudkowsky. No, the dual-ended bodily horror was not incited by the fanfic, but the two […]
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Tiger Global Management is going through a major management change. Per a message from founder Chase Coleman sent this afternoon to the 22-year-old firm’s limited partners, Coleman is taking over both the outfit’s public company investing and private equity businesses, while the longtime head of the latter, Scott Shleifer, becomes a a senior advisor as […]
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