here at hired sam altman.r twitch leader, emmett schear is taking over as the executive. we bring in tusk for his raid on all of this, he is the ceo of tusk ventures, and the author of satirical in hindsight. the way that decisions aren't being made by those in power. is all this obvious in hindsight when you look at the corporate govern -- governance structure? >> you have such a big underlying company that is for-profit with the nonprofit board on top of it, i think it raises questions about big corporations and he to a certain extent. there are fiduciary duties that need to be aligned. when you have boards that clearly have other incentives and other ideas about the shareholders, about the employees and customers, you can create a lot of problems which is what just happened. caroline: let us go through what this board, how it differs from others. it is made up of four people, because of -- greg had been fired, others have left. this is a not-for-profit board, the whole thesis is that it was the mission over

and sam altman with jason ware.od morning, frank good to be here. >> i want to get your take microsoft shares are up 2% on the news that sam altman will join microsoft as an employee in the a.i. division there. as an investor, what is your take on what we are seeing >> so, given where we are in this development and as steve noted, it has been a wild couple days i'm not sure how much more i can add to what steve is saying. the reality is that, you know, microsoft is in a tough spot they spent well north of $10 billion in investing in open a.i. to have access to chatgpt to fold it into the pivot at microsoft which is focusing on generative a.i. across the suite of products. nadella says they are committed to open a.i., but you still have the chiefs leading that enterprise coming into microsoft and i'm sure over the next several days and weeks, we will hear about brain drain away from open a.i. and the microsoft a.i. research lab headed by sam altman point is they are still in bed microsoft and open a.i. are committed

i'd expect potentially the board to be out in the next 2a hours, altman to be back. he is the golden child of ai and microsoft another investors are focussed on it. we do you think the issues are? we are all speculating here but it does seem rather bizarre, given such a high—profile company? look, i think this was essentially a political battle between altman and the board and i think the board essentially overplayed their hand. they did not understand the global ripple effect here because if altman became a free agent who could go out after him? amazon, musk, apple. that is when dell and microsoft and other investors swept in. four people on the board, they are not going to impact the trajectory of ai from microsoft and really for the tech industry for decades to come. so i think essentially this board, their days are numbered. microsoft is a stakeholder, as you mentioned. what are we hearing from their end about what is being playing out? this is a friday night special and when it happened in the us, the got a call essentially two minutes before the press release.

now, as we know, the board was the one that ousted altman in the one that ousted altman in the first place. it is unclear if board members are set to resign as part of any of these negotiations, which remain extremely tenuous, and the company made that clear to employees. also calling them to actually get back to work. what we learned today is that they are facing a mass exodus from over 700 employees that have pledged their allegiance to altman if he goes to microsoft as he said he would, they would follow, and microsoft had been right there waiting in the wind is to accept them also. it is still a very uncertain situation.— still a very uncertain situation. ~ ., ., , situation. do we know at this oint, it situation. do we know at this point. it is — situation. do we know at this point, it is still— situation. do we know at this point, it is still unclear - situation. do we know at this point, it is still unclear what | point, it is still unclear what led to this, what led the board to say sam altman should not be at openai anymore? that to say sam altman should not be at openai any

they pressured the board members to bring altman back on sunday, altman posted a photo at x wearing a visitor badge saying first and last time i wear one of these. i think with the hope of working there. talks between altman and the board reached an impasse over the makeup of the roll of the board. the microsoft ceo announced that altman would join the new microsoft research team. open a.i. has hired former twitch ceo emmett shear. i'm told when that was told to sam altman, he was in shock. that part came before microsoft hired him. nonetheless, it has been a wild back and forth a huge weekend for a.i. and technology that folks think is potentially super innovative and amazing, but also a concern. it raises all sorts of questions of governance. this is a unique model of not-for-profit overseeing what was a for-profit piece of it sam altman never had equity in that piece a lot of folks there are concerned and how all this will work in the future with sam and greg at microsoft. what do they know? what can they take from open a.i. and bring it to microsoft there are so many questions thi

on sunday, sam altman sent a tweets and said this... what is that? it is a guest pass for the offices of openai. he was fired on friday. he has been invited back by the interim ceo mira murati according to reuters, that's with a view to him possibly rejoining the company. when he was fired, the company released a statement, they said this... "mr altman's departure follows a deliberate review process by the board which concluded..." "the board no longer has confidence in his ability "to continue leading openai." his dismissal has angered current and former employees concerned about what his departure may mean for the value of the company. one of the big shareholders is microsoft, reportedly owns 49% of the company. they are among those apparently taking a lead in trying to get mr altman back on board. their concern is that his departure may lead to bleeding of other wider talent. a challenge though is whether they can get his reinstatement passed the current board. earlier i spoke to managing director at wedbush securities dan ives and he said openai'

sam altman. altman was the ceo of openai, the high flying startup that makes the chat bot chatgpt friday, just one day after he spoke at the apex ceo summit, the board of openai fired him, saying they could no longer trust him. this set off a series of succession style chess moves. if you watch that show all weekend long, including attempts to reinstate him as ceo. and this morning, another shocking development. microsoft already a major investor in openai, announced. sam altman is coming to microsoft to lead a new advanced ai subsidiary, joining us live now to make sense of all of that, dean glickstein, a partner at haynes boone. that is a new york based law firm which specializes in artificial intelligence. dina thanks for your time. >> thank you, kristen. we're actually at dallas based law firm with the new york office and also san francisco office. but thank you for having me. >> i appreciate that explanation. now i'm going to ask you actually a trickier one. and that is to explain why the fa

openai and its board are in open talks with sam altman about a return for sam altman to openai.atest is adam d'angelo is talking with sam altman. one source tells me that a possible scenario is that a transition board comes into place, and sam altman takes a director role on the transition board. that is one, caroline, possible way forward we are hearing about. investors are involved, investors are speaking with the openai site and the openai board, and what we are hearing, myself, emily chang reporting this as well, is emmett shear, interim openai ceo, is having a tough time, is basically in the dark come at a breaking point at this point. caroline: and it's notable that very early investor in openai had been saying how much the former ceo had been digging in and ultimately whether or not that was going to be a difficult scenario to be able to have a board change of direction. ultimately what are you hearing in terms of being pushed of the makeup of the board? many would say doesn't just need sam altman to be reinstated. ed: the name brett taylor, co-ceo of salesforce, keeps co

is why expect in the next few hours that altman is back at seal as open ai.p optus has resigned, the incident caused frustration amongst constant customers and widespread concerns about the countries to the medications services. optus has announced the interim ceo. provisional results from argentina's presidential run—off poll show right—wing libertarianjavier milei will be the country's next president. the election comes at a difficult time for argentinians with soaring inflation and an economy crisis. mr milei's proposals, which included detonating the central bank, won support with voters desperate for change. on sunday, australia were crowned cricket world champions in a match that stunned hosts india in ahmedabad. the six—week long cricket world cup tournament, across ten cities, has given a boost to country's advertising, food and drinks industry. joining us now from mumbai is karan taurani from elara securities. thank you for talking to us so early in the morning. quite a wind, but tell us what economic and if it's there have been from india hosting th

sam altman is back after that bizarre five-day soap opera. so who now has the power of this influential san francisco company? >>> also, the holiday rush. we're tracking the local and national conditions. when and where you could run into snags between now and monday. >>> plus, why is so much food heading to landfills instead of stores and your house? it turns out companies working to prevent that then sell it to you for cheaper. we'll explain. >>> and wheels up for seattle. the 49ers and our nbc crews are there right now on the eve of the thanksgiving night showdown. good evening. this is nbc bay area news tonight. i'm raj mathai. it is one of the most special nights of the year. so much excitement and positive energy before seeing our friends and families tomorrow. let's start, though, the headlines that we are watching right now. this is shopping season. and the question for a lot of people, especially in the bay area, is it safe? our local malls and shopping centers. the statewide crackdown on retail theft working? since september, office

microsoft's sam altman and more. that's 8:00 eastern tonight. >>> let's get a check on top stocks to watch heading into the close. kristina partsinevelos joins us with that. >> argentinian voters cheering libertarian economist as their new president. he's promising radical change of free-market economics and a remake of south america's second largest economy. that's why you're seeing many u.s.-listed shares of argentinian companies jumping today. vista derives revenues from ar general. >>> deutsche bank showing love for boeing, rating it hold to buy. they say grow ing aircraft deliveries shares up over 4%. >>> we're just getting started up next, trading seasonal strength, a top technician is flagging one part of the market he thinks could outperform into the year icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. people are excited about what ai will do for them. we're excited about what ai will do for business. introducing watsonx a platform des

if altman worked at microsoft, the company would have a leading figure altman could have recruited manyf those who worked with him at open iowa. but this is the best nadella was a big force in getting altman back to openai. that could give the ceo more influence over the future direction of openai. also remember it's a startup it can move fast and nimbly and needs to, especially with so much competition in the space with the likes of google and thropic as well. it's hard to innovate, and things get slower. it's best for microsoft that openai stays separate with sam altman at the helm and that's really the outcome. >> we do have a couple of loose ends here. as we mentioned, some board shakeup here also as part of this news, we learned that openai was reaching out to anthropic as a merger are there any loose ends that need to be wrapped up in the near term or some that will play out longer >> we haven't gotten news of that what i expect from here is really a much closer working relationship between microsoft and openai look openai is going to be key with how microsoft wants to stay ahead

and is sam altman actually there? >> well, i don't see an 8k they have time they -- they did it today, they can do it tomorrow, that would be okay. but we -- nothing's signed well, i guess we could know tomorrow instead of today, but -- >> does he understand the circumstances of sam altman's ousting. >> does sam altman understand it >> no, does satya. >> pthere's a lot of terms of answering as to make sure you know the reason why. you want to make sure your house is clean >> that's the question have done your due diligence there's been a lot of speculation out there. do you feel secure enough with your due diligence to have everything the market's talking about come to fruition >> exactly. >>> all right, coming up, pharma falling flat shares of bayer having one of its worst days ever. and it wasn't the only pharma stock feeling the pain more on the moves causing investors big headaches next. >>> plus, how a new president in south america is shaking up the lithium space and e thnames to keep an eye on don't go anywhere

breaking news, sam altman has been fired. this is a shock.he first global meeting in history dedicated to artificial intelligence and the head of the european commission. and suddenly, the board of directors, acting as general the governing body of all company activities. today announced that sam altman is stepping down as ceo and leaving the board of directors. mr. altman's dismissal followed a deliberative review by the board of directors, which concluded that he was not always forthcoming in his communications, which limited his ability to continue to lead open ai. american media call sam altman, quote, the most outstanding leader in the fastest growing sector. that's exactly it. his the company came up with the same gpt chat, a bot capable of answering questions like people, analyzing incoming information like people, and even making forecasts, much better than the vast majority of people, a model in the world, the most promising - the fourth version, but almost a fifth was promised by the end of this year, according to the developers. i

chat gpt ousted ceo sam altman late friday after the board said it no longer had confidence in altman's ability to continue leading the company. open a.i. chief technology officer was briefly appointed interim ceo before they replace quickly by twitch ceo emmett scheer the drama with the shocking twist thanks to microsoft ceo satya nadella announcing sam altman and greg brockman are joining microsoft word advanced a.i. research team, this comes as hundreds of open a.i. employees and potential customers are threatening to leave. unless altman is reinstated as the ceo, did you catch all that it's been a lot. in case you did not we have team coverage of all of this developing story right now, fox business correspondent susan li is with me and the group ceo daniel newman, both of them standing by, susan i will start with you you had your finger on the pulse of the tech industry for years, take as to what happened and how we got to this point for open a.i. >> this company makes chat gpt is the reason we've been talking about a.i. artificial intelligence for the entire last 12 months. we had

we see reporting that altman has joined - that altman has joined microsoft.ems, according to various points on x, formerly twitter, that hundreds of the staff have also at least been approached ljy also at least been approached by microsoft, if they haven't already signed on. does this mean that openai as we know it may, in fact, mean that openai as we know it may, infact, cease mean that openai as we know it may, in fact, cease to exist and there'll be a new unit, essentially, within microsoft? one would think, if all these reports hold true and all those hundreds of employees — i think it was up to over 700 last time i checked — go to microsoft, then yes, that might be true. but i want to really be clear here — everything is still in flux. you have the ceo of microsoft doing multiple media interviews just this evening saying he'd be ok with sam altman going back to ownope and not technically being employed by microsoft. what happens now is still just completely unwritten. is stilljust completely unwritten.— is stilljust completely unwritten. �* , , unwritte

this follows the portrait of sam altman. the company at the center of the ai boom but thrown into uncertainty after altman's sudden dismissal on friday. tom mackenzie have been monitoring his phone second by second. talk to us about what this appointment would mean. >> emmett shear and this reporting came through from the team in san francisco 30 minutes ago. this was after overnight we were looking at these negotiations between the board and sam altman. altman was in the offices of openai over the weekend. we have the news that emmett shear, formerly the ceo of twitch up until early this year, has been appointed the ceo. it's quite the dramatic turnaround given we reporting that the board and sam altman were negotiating potentially over his return. emmett shear cofounded justin.tv, a video platform, then the ceo of twitch. he has a part-time partner at a vc firm at y combinator. we will see how long the appointment lasts because we know the tensions exist between the existing investors and many within openai who are still l

investors are pleased that ceo satya nadella has hired sam altman. >> all right. jo ling kent, thank you. >>> the "cbs overnight news" will be right back. do you shop for vitamins at walmart? force factor products powerfully improve your health, but they're also delicious, easy to use and affordable. that's why force factor is now the number one best selling superfoods brand in america. unleash your potential with force factor at walmart. my frequent heartburn had me taking antacid after antacid all day long but with prilosec otc just one pill a day blocks heartburn for a full 24 hours. for one and done heartburn relief, prilosec otc. one pill a day, 24 hours, zero heartburn. it ain't my dad's razor, dad. ay watch it! it's from gillettelabs. this green bar releases trapped hairs from my face... gamechanga! ...while the flexdisc contours to it. so the five blades can get virtually every hair in one stroke. for the ultimate gillette shaving experience. the best a man can get is gillettelabs. honey... honey... nyquil severe honey. powerful cold and flu relief with a

might join microsoft -- sam altman might join michael sub destroying microsoft -- sam altman might join. do they lose money if sam does not join the company? richard: their primary goal was to get sam back at openai. they were kind of ok either way. obviously, openai has done some fantastic things with chat gpt. microsoft has an incredibly strong offering as well. there would be no impact no matter what happened with open i i to their current roadmap -- openai to their current roadmap. they have a lot of the ip is there's. they felt fairly covered matter what the outcome. i think this is probably the best outcome in terms of stability. there is always a difficult relationship between microsoft and openai, that will continue. i think this episode was going to come in some shape or form at some point. it's probably come earlier than we expected but i think ultimately, it just kind of cuts through what was that complex relationship into something a lot cleaner going forward, which will help that ipo story in the future and i think helps microsoft's take on as well. kriti: at the same time,

what happens if sam altman gets hit by a bus?happens if sam altman is discovered to have had some wrongdoing? what happens to openai in that scenario? vinod: there are other people at openai that are very qualified to do that. greg brockman would be among my favorite in the current openai team. i think they should do you risk this by adding more people to the team that can step in. but if he does get hit by a bus, i think we would have to do with greg brockman. who is very much of the same vision invention. ed: what we are talking about is key man risk. i have been reporting on this story since friday lunchtime. considering what is happening. the takeaway has been the value of openai appears to be the intellectual capital of its people. when microsoft reacted to the news, the idea was in there kind of mutiny going on that those people were simply going to enjoy microsoft and i wondered what you thought about that eventuality which to some extent now is academic. but there is still a close tie between the two. vinod: i think they'

you heard about this guy named sam altman, right? the leader of one of the most influential and artificial intelligence companies. and he was fired over the weekend. altman is the leader of open a.i., the company that created chatgpt. he was suddenly out of the company. it was mysterious. and he said he was fired over concerns that he was not always truthful with the board. we meant to what that means. but two days later, altman was hired by microsoft where he could be even more powerful to run a brand-new division with all of the many, many -- all the resources of one of the biggest tech companies. but the saga might not be over. the employees of open a.i. are not pleased. they are threatening to head for the exits unless altman is not brought back. this is not your average story. this is about implications of humanity. i'm going to talk to kara swisher, who knows this story inside and out. and just talked to the microsoft ceo who hired altman. >> every technology ever invented was a tool and a weapon. how can you make sure that the

>> altman has long been viewed as a golden boy in the tech world. fortune magazine comparing his cult of personality to that of steve jobs at apple, microsoft has now guaranteed every open ai employee a position, but it's also leaving the door open for altman to go back. we chose to explicitly partner with openai and we want to continue to do so and so and obviously that depends on the people of openai and staying there or coming to microsoft. >> so i'm open to both options. >> and altman said yesterday, we are all going to work together some way or other. as for the employees threatening to quit, they did not give a timetable, but said they'll act imminently. well, coming up, we are talking more monday night football. our own ryan and ali goes to her hometown of kansas city to take us behind the scenes. >> and later, the major whoopsie involving a tractor trailer and a covered bridge from 1846. you're watching world news now. >> these bills are crazy. >> she has no idea she's sitting on a gold mine. >> well, she doesn't know that if she owns a life

if sam altman is unable to return to openai, microsoft will consider in investing in altman's new venture be unlikely to join the board himself. this as we hear efforts by a group of executives and investors to reinstate sam altman to his will as ceo reached an impasse over the weekend. we continue to bring those latest developments as they come to us. taiwan's china friendly opposition in disarray talks for an alliance stumbling ahead of those january elections. javier milei wins argentina's presidency on a platform that in to shut down the central bank. this is bloomberg. ♪ shery: we continue to see the high-stakes drama happening at openai right now after its ceo sam altman was fired on friday. we are hearing information that microsoft is eyeing a seat on openai's revamped board to, but over the course of the weekend we kept hearing perhaps sam altman would be returning, but he wanted to see some governance changes if he was in fact reinstated as ceo of the company, and this is such a groundbreaking ai company. the maker of the popular chatgpt. haidi: synonymous with this entire phenom

last friday, the company fired ceo sam altman, but this morning, altman is back as ceo and it's the board that's being shaken up, all while more than 700 employees threaten to quit if this didn't happen. on abc seven news reporter ryan curry is live at our headquarters this morning with all the drama for us. ryan had jobina. >> good morning. the company posting on x saying they have reached an agreement to have altman return as ceo as well as a an almost entirely new board. a lot of shakeups going on with one of the companies based here in san francisco open the eyes. previous board of directors had refused to give specific reasons for why it fired altman in the first place. there were disputes between the two sides about the safety risks of artificial intelligence as it gets more advanced. microsoft that invested billions into openai and once altman was originally fired, they moved quickly to hire him for their ai project at around 700 employees, has threatened to leave the company if altman was not reinstated. and microsoft ceo satya nadella said those employees, they would be hired as

sam altman, the former openai ceo has landed a new job.rere he is heheaded next.t. >>> today is president biden's birthday and turning 81 years old and it is coming at a moment when there is fresh concern over his age, which is evident in the new polling numbers, and the polling numbers are showing the troubling signs in the moment in this snapshot in time about the approval time especially among the younger voters. the nbc poll shows that donald trump is holding a four-point lead among the voters 18-34 years old in a hypothetical matchup between trump and biden. now, what are you hearing with this response of the polling numbers and the white house as they know that the questions about the president's age have been ongoing for some time? >> well, kate, when you are speaking to the voters, it is clear that the age is the greatest liability, and the white house and the campaign have acknowledged it privately and downplay it publicly. he is the oldest president in history ahead of ronald reagan who was 77 ahead of the second term, and betsy

about an hour ago openai, altman himself and the ceo of microsoft tweeting that altman is returning tothis company. the openai board suddenly dismissed him last friday. then late sunday altman was hired by one of openai's biggest investors. that would be microsoft. and tonight altman is back at openai. but one of his conditions, that openai gets a new board, which is happening. openai tweeted that they've reached an agreement with sam altman and they're working on assembling a new board. altman also tweeting about 45 minutes ago that he's looking forward to returning with the new board's support. many believe sam altman is the face of artificial intelligence since he's taken over openai in san francisco. >>> also tonight, the holiday travel rush is on. bet you're glad you're 99 this traffic at l.a.x. just a mad rush of people trying to get out of town or pick up loved ones before thursday. fortunately, things are a little calmer here. behind me a live look at sfo tonight. we're not seeing too many issues locally, but according to flight aware around 4900 flights have been delayed acros

and the opposing of sam altman and the opposing of sam altman and the reinstatement of him sort of showstechnology in the fate of the technology is sort of happens because of these personalities, these power struggles, these ideological divisions, and ultimately how much it happens behind closed doors.— behind closed doors. karen, thank you — behind closed doors. karen, thank you for _ behind closed doors. karen, thank you for breaking - behind closed doors. karen, thank you for breaking thatl behind closed doors. karen, i thank you for breaking that out for us. but there are many companies dealing with this type of technology. why is the structure of 0penai so different compared to those other companies?— different compared to those other companies? openai was founded as — other companies? openai was founded as a _ other companies? openai was founded as a non-profit - other companies? openai was founded as a non-profit and i founded as a non—profit and interestingly specifically to resist the fact that so much of ai development at that point in time in 2015 was already being dictated by

it's quickly hired altman and brockman who will lead a new advanced ai research team.r that ——open—ai workers said in their letter that microsoft had assured them that there were jobs for all. on monday, altman and brockman�*s hiring sent microsoft's shares up 2%, hitting a record high for the technology giant. mr altman's forced exit from openai has sent shock waves across the world of artificial intelligence. the fledgling technology has been making headlines since the company's chatbot — chatgpt — was made available to the public a year ago. since then, authorities around the world have been scrambling to understand the potential risks and benefits of ai. for more, i'm joined by ai researcher and scientist margaret mitchell. she told me it all boils down to conflicting visions.- to conflicting visions. yeah, it's actually _ to conflicting visions. yeah, it's actually a _ to conflicting visions. yeah, it's actually a bit _ to conflicting visions. yeah, it's actually a bit of- to conflicting visions. yeah, it's actually a bit of a - it's actually a bit of a conflict o

american media call sam altman.ted by the most outstanding leader in the fastest growing sector. this is exactly his. company came up with the same gpt chat, a bot capable of speaking like people and even making predictions, much better than the vast majority of people, in march we launched the fourth version of gpt, still the most promising model in the world. the most promising is the fourth version , but almost by the end of this year they promised a fifth, as the developers report, they did not consider it necessary to put management into the details of their projects, however, there are more than enough conspiracy theories around this dismissal. as soon as sam altman was fired, the most various conspiracy theories. of course, i wondered in my video what happened, what really happened, and what i didn’t see from his sister’s accusations. that tickled the nerves of impressionable users, the rational bloomberg explained everything, it’s not so much about technology, but about money, the demand for gpt chat grew fa

i think at| this moment, sam altman of the situation?this moment, sam altman is of the situation? i think at - this moment, sam altman is back in principal, so there are lots to unfold, but i would think that even though everything stays the same, everything is different. sam altman and his team will gain more control over the board and also microsoft will likely, will be likely to have one or two seats on the board, so there will be more rapid or progressive product developments regarding to ai and the chat bots in the coming future if sam altman is back to the board and also the board is, the dynamic of the board, completely changing. let's turn our attention to binance now. us prosecutors have asked a federaljudge to enjoy the company's founder and former chief remains in the united states until his sentence hearing in february. becomes after cz to him as he is known, pleaded guilty to violating anti—money laundering laws. customers of the crypto currency exchange are beginning to worry about how the company will fair if cz ends up fa

and that led to the ouster of altman. again, a company that's gone public, that's had that scrutiny of a public market structure that is able to bring that experience to the board and what is a rapidly evolving technology and a fast-paced industry right now. i think that's really what they're trying to aim for in terms of the board conversation. interestingly microsoft has been a strong, i guess, force behind what's happening in terms of getting sam altman reinstated and also addressing some of the governance concerns, and i think nadella's statements is quite telling saying this is the right path to a more stable and effective governance for ai, and that's really a big win for microsoft. >> it does seem like microsoft has come out on top here, even though there's been a debate the past couple of days how it would have gone if it went the other way with altman joining microsoft, microsoft is getting a stronger hold or stronger partnership with open ai out of this it really is just a win for satya nadella. >> this is a big

does altman return? >> i think probably so. i mean, there are so many employees that say they're angry over him leaving. altman more than qualified to be ceo because he was ceo. microsoft i think will be okay in giving up, because they immediately hired him. i think because microsoft partially owns ai, they hired him before anyone else could so that they could work this out and get him back to ai. speculation on my part, but that sounds logical. >> we'll continue to follow. >>> more housing help is coming for those who need it most in the south bay. last month, san jose leaders approved new transitional housing. this is in a small lot. the developer is donating the site for the city for $1 a year over the next five years. the nonprofit dignity moves will initially construct 75 sleeping units on the site. the cost is about $50,000 per unit. organizers say the new community will also provide shared laundry machines and kitchen areas and provide more stable alternatives to shelters, large rooms, and bunk beds. >> interim support o

altman was reinstated. >> and he is as a founding ceo. altman staying with the company might in fact be the best thing for it. >> he's the face of ai, not just for openai, but for the ai revolution. so he has high amounts of prestige, power and expert power. >> priya cannon is the dean at the lucas college of graduate school of business at csu. she's a coauthor. in a study published in the journal of business research that looked into the influence of founders, ceos researching what happens to an organization when they leave, conducted over the course of several years, it came up with some key findings. >> one of this is that keeping founders ceo at the helm is critical for an organization's innovation performance in the long run. we also find that non-founding ceos who are also called as agent ceos cannot compete easily with the founders still there. >> research also found that a founder ceo can also increase the perceptions of company risk in light of the now averted employee walkout at openai. its board may now be especially nervous to

altman trying to come back.y what _ trying to come back. is it really what david - trying to come back. is it| really what david outlined there in his report that at the end of the day the board may want to get rid of them because they don't feel like they can work with them? but investors are not happy about his removal. is that really what is going on?— going on? investors and microsoft _ going on? investors and microsoft front - going on? investors and microsoft front and - going on? investors and i microsoft front and centre, they are really going to have probably the biggest say here. the board is going to do what it is going to do and this could continue to dance around here. at the end of the day, altman in some form comes back and or microsoft and investors exert more and more pressure. this is high drama and openai and unfortunately microsoft is really the one that is going to get hurt here because this is key to their ai initiatives. if sam altman does come back as is speculated he will be back at the

they also demand mr altman's reinstatement.lose partner of the company, and has invested billions of dollars in openai. i spoke with ashley gold, tech reporter at axios, can you talk us through just briefly what happened at openai as a company, to go from one at the forefront of such disruptive technology to a situation that appears to be so chaotic? it situation that appears to be so chaotic? ., , , situation that appears to be so chaotic? . , , ., chaotic? it has indeed been an extremely _ chaotic? it has indeed been an extremely chaotic _ chaotic? it has indeed been an extremely chaotic past - chaotic? it has indeed been an extremely chaotic past 72 - chaotic? it has indeed been an l extremely chaotic past 72 hours orso extremely chaotic past 72 hours or so for openai, and all the best tech reporters. openai has had a for—profit arm and a nonprofit arm, and the nonprofit arm, and the nonprofit arm, and the nonprofit arm, which is where the board sets, is ultimately who has held all the control over what happens at openai, wh

altman himself. key investors, like microsoft, only notified a few minutes before it went out. since it has happened, a lot of negotiations. that's what we're hearing from sources. high-stakes talks to bring him back to the table. the microsoft ceo is said to be leading them and also extremely supportive of seeing sam altman back in the role. we are hearing negotiations are hitting roadblocks. shery: altman was fired on friday in the board said he wasn't always candid. what is at issue here and in the ongoing negotiations? annabelle: when it comes down to him in candid or not, if -- it seems to be around the commercialization of openai. that seems to be the key issue and there was a disagreement of sorts between sam altman and keyboard members that pushed for ai safety and commercialization. and which side people were lending on. essentially what is causing the talks, it comes down to the disagreements between different board members. for context, the openai board is made up of six numbers, three fro

sam altman is returning as eeo of open ai, and nearly a week after he was fired. and back of has the latest on who was in, who is out. >> with sam altman back in, much of the board of directors that fired him is now out that is after the majority of the employees side with altman and threatened to walk let's back it up and give you a little context. it was less than a week ago, last friday night, in fact, that sam altman was fired . by monday, he had a new job at microsoft, one of open ai's biggest investor the majority of open ai's employees then signed a letter threatening to go with him unless the board stepped down and late yesterday, altman was back as open ai ceo with a new board at the home all of this unfolded just days after open ai held its first ever developer conference and there it laid out new versions of its technology, including the option to customize its chat bot the board was reportedly at odds with altman about how >> they should be moving with this the results, according to bloomberg host, emily chang, chaos. >> well, i think it has revealed j

failed to convince the board to reinstate altman after his sudden firing. he is deeply involved in that process, but it was open ai's board that would not cave to demands that altman wanted as a condition for his return instead, microsoft hiring altman and put him in charge of a new subsidiary ai group within microsoft. open ai named former twitch ceo emmett shear who said he will investigate the mishandling of altman's ouster. the note is signed by notable ais including maratti and she was immediately after altman's firing that's three ceos in three days. open ai could lose a huge chunk of top talent to microsoft, kelly. >> to go back right off the top. it is now 700 now? >> that's the latest count, up to 700 in less than an hour ago. >> 70 of them are hanging on >> we haven't cross-verified to see if everyone is an employee, but that's what's trending. >> i was going to ask if we should expect employees to defect to other tech giants like amazon, but where do you expect this all to shake out? is it ultimately just a move on the board? >> there are so many

we still have these two factions within the company, sam altman is back, but the company, sam altmanf in the shoes of the doomers camp where you truly believe sam altman may be leading the development of the technology down a dangerous path, you could get desperate and acting out even more. so i think it remains to be seen within the next few days whether there could be another outburst. bi there could be another outburst. ai reporter with the atlantic. many thanks for your time. finally today — a bit of musical diplomacy. king charles has presented members of the south korean girl group blackpink with honorary mbes. jennie, lisa, jisoo and rose—ey were recognised for their efforts to bring the environmental message to �*millions of young people'. that's all for now — stay with bbc news. hello. we're all under the influence of mild atlantic air at the moment. so temperatures were higher on wednesday than they were tuesday. around the moray firth, actually, we had 15 degrees celsius, well above average. but it's all about to change. by the end of the day ahead, the cold air�*s establi

sonali: what is microsoft with sam altman and what is microsoft without him? mandeep: for microsoft, they will definitely have a bigger say in openai going forward. clearly, from that perspective, they have more influence. i don't think it helps them bringing all the employees over to work for microsoft because microsoft is a behemoth. they have so many businesses. they just bought activision. i cannot imagine them devoting their resources to -- and for sam altman and the guys that worked at openai, the culture is different than microsoft. i do see some cultural issues. in the end, you have to build an ecosystem for a technology like genai. putting everything under microsoft is not going to develop an ecosystem. jon: i want to build on those comments and refer to a report you put out through the bloomberg intelligence team on the terminal today on the subject of replicating product success. we actually have not had a huge conversation around that yet, but if chatgpt had not been as explosive out of the gate as it was, maybe we would be talking about the pros a

one is that we don't know why sam altman was actually fired.uld be completely political, they will not tell us what he did or how he was racing too fast or anything like that. the other thing is that openai still doesn't make any money and it needs its investors like microsoft, which is why sedona law has the freedom to say, you can stay with us or you can go to open a.i.. because what we are really realizing right now is that the board is toothless. it doesn't have money, it doesn't have control over the clusters and lastly the mission. is this mission about what is happening in a.i. now, while we are still trying to figure out the use cases for this large language model technology? or is it a mission about technology that we don't actually even have fun? the fearmongering from this board is about general intelligence a.i., which is like the robots in the jetsons. we don't have that yet. >> reporter: well, we could. should we be afraid, ben, that this is the beginning of the part of this technology that gets scary? >> it's good that lynette is

kailey: where we stand now is that altman is going to microsoft. a lot of others will be going with him in protests. i wonder, when we are looking at what happened next, is there a chance that altman goes back or microsoft will absorb 8 -- openai and its entirety? ed: about 500 employees who have left have signed a letter to the board that if they do not resign , those nearly 500 people will go and work at microsoft. when he put out his post on x last night and said that altman would be joining, he said, along with others, pretty clear in that statement that there is a risk. the investor question is, do they write down the value of their investment on the balance sheet? there is a tender that is pending that we do not know what will happen. there is a lot at stake for investors because they had left hanging based on transactions that they thought were happening. guy: rv increasingly understanding the way forward in the way that ai is going to be managed? openai was a not-for-profit and in some ways that is a different model than having such a proce

sam altman out of openai on friday.stions being asked about him maybe returning then all of a sudden, rehired except this time to microsoft. microsoft basically up in the premarket because some people say the adults have taken over and microsoft wins. lisa: we don't have any idea what is actually going on except that this was a start of that wasn't for sale and all of a sudden they got it without even buying it to me, this really points to consolidation among the biggest tech players and at this point, what does that mean about how much they are going to diverge both in valuation and just consolidation from the rest of the market? tom: i don't have a slogan for it yet. the basic idea here is i'm going to go with "the magnificent seven" continues for 2024 and when you steal sam under the soap opera, the bottom line is, as you say, all the big guys win. that is all there is to it. jonathan: get to the magnificent one. nvidia of my close to 240% year over date. reporting from the team at bloomberg, sam altman was looking a

what exactly happened, sam altman in the president of open a.i.going to microsoft and because of issues with the board 500 current executives at open a.i. are threatening to quit unless the board resigns. , if you look at microsoft shares at 1%, big tech just got bigger, this is consolidation, stuart was looking at microsoft over 3 trillion-dollar evaluation, it is coming. what does this say about the future of artificial intelligence and maybe the way open a.i. saw things going with sam altman on board do you forge ahead and break things are tapped the brakes, the new ceo the open a.i. inmate scheer his how much or if your stumbling in the dark slow down. that's is open a.i. board was aligning with where sam altman wanted to move a little bit quicker. ashley: will call it as open a.i. terms. by the way meta also made some moves with their a.i. team, whether they do. >> they had a responsible a.i. team and they split it up it seems like they want to act faster so they're putting more resources into the generative a.i. team the responsible a.i. tea

so we are seeing the power of altman. and the stock hit an all-time high, and this morning because of the sam altman move there shows power of this ceo and the loss now to openai. >> absolutely. look, it is huge in the tech industry, and huge in silicon valley, and anyone who has an interest in openai, but it is real significant for everyone else, and people far beyond silicon valley in terms of what this means for everyone else. >> yes, this is the next wave of technology, and how we work, communicate and shop, and everything around the world. >> and medicine and how we get our health and everything. >> so there is a fundamental question that vanessa hinted at is how quickly do we move to bring the benefits to people to commercialize the technology the people while getting it out to world while balancing the risks of the technology which are great. so you can see microsoft bringing on sam altman in the indication they are ready to move quickly with technology, and they will say, of course, they are doing it with a respon

and ultimately it's really now microsoft and nadella that are going to own openai in terms of altman and brockman and everyone at microsoft and now openai for all intents and purposes is almost a shell company. everyone now goes to microsoft i would argue that microsoft is in a stronger position today than they were in the twilight zone scenario, than they were before this all started on friday and i think it's an example of this board were like 8-year-olds playing checkers and nadella, the grandmaster chess player, ultimately is the one that swooped in, and now it's microsoft for the strivictory. >> the only question i have, what about the chatgpt product it's still an openai product this company is now in complete disarray and there are clients who are trying to figure out because they have to use it today and tomorrow and the next day. do they need to quickly find a substitute or not? >> to that point, the software has already been fully integrated and steve knows this, that's the key where the technology is. so microsoft felt they were in a position of strength to do this as well

altman, he regrets his participation in the board's action, something that was when parted by altmanmpany closely, you know, they continue to have access to all of the ip at openai in terms of developing the large language models. do we have a sense of what they're going to use and what the new effort is going to involve from altman and his team >> it's still early. they announced this seven hours ago or something but what we do know is, the relationship between these two companies all those products we see microsoft put out, david, co-pilot, for example, that's the big one, the one they're going to start selling, thought to be a huge revenue driver for them, that's all based on openai technology and you have to imagine anything microsoft might have on its product roadmap in 2024 would be reliant on openai. if they suddenly lose hundreds of employees, that's going to hurt their ability to develop at least in the near term now if they can bring all those people in and work out their own language models without stepping on, you know, openai i.p. or anything, maybe that can work in the

the co—founder sam altman will return as boss days after he was fired by the board.d four crew members of the k—pop band bts have enlisted in the south korean army, meaning they'll join their three older bandmates who are already serving. we leave you with ten seconds of royal recognition. the king has given honorary mbes to the girl group blackpink. he praised them forjuggling superstardom with their support for environment causes. you're all caught up now. see you later. hello and welcome to sportsday with me, hugh ferris. our top stories: lionel messi says it was insane in the maracana, as he condemns treatment of argentinian fans by brazilian police. ronnie 0'sullivan threatens to quit snooker, saying he's at a crossroads in his career and relationship with the sport's bosses. i have no option. if i can't do what i need to do, which is play a lot in china, do my stuff out there, i won't ever play again. and novak djokovic says winning the davis cup again is one of his greatest goals, with great britain preparing to upset the world number one. hello again. welcome