Business

[ad_1] The OpenAI board is attempting to close the door on a tumultuous chapter that saw its revered CEO Sam Altman fired, exalted and then reinstated as CEO in a chaotic four-day span. In a summary made public today, law firm WilmerHale concluded that the board didn’t realize that firing the CEO would “destabilize” the company and that it acted…

[ad_1] The invitation list for President Joe Biden’s State of the Union address on Thursday speaks volumes about what Democrats and Republicans want to focus on as the 2024 election season heats up. Biden and Democratic lawmakers have invited several health care providers and women whose lives have been impacted by stricter abortion laws in states with Republican-controlled legislatures following the landmark…

[ad_1] Board members at Nvidia— the AI company no one can stop talking about that is at the forefront of the tech evolution—are reaping the benefits of a runup in the company’s stock. Shares in the company traded at $887 today, up 26.5% this month alone. Four insiders sold holdings via multiple transactions in the past four weeks, SEC filings…

[ad_1] OpenAI hit back at Elon Musk in a blog post published on its site Tuesday, responding to a lawsuit by one of its co-founders and former benefactors.  Musk filed the lawsuit last week in San Francisco against the company, Chief Executive Officer Sam Altman and President Greg Brockman, alleging it had strayed from its mission to build responsible AI. In the post, OpenAI said that Musk was…

[ad_1] The dean of Wall Street CEOs is green. JPMorgan Chase today struck an agreement with three New York City pension funds with investments in the bank valued at $478 million to disclose the ratio of its clean energy to fossil fuel financing. According to the NYC funds, the metric will give investors a more comprehensive view as to how…

[ad_1] Movie theaters were looking for a savior and “ Dune: Part Two ” is delivering on the promise. Armed with sandworms, big screen spectacle and the star power of Timothée Chalamet, Denis Villeneuve ’s science fiction epic stormed the North American box office this weekend earning $81.5 million in ticket sales, according to studio estimates Sunday. Internationally, it earned $97 million, bringing its global debut to…

[ad_1] Street parking was already scarce in Hoboken, New Jersey, when the death of an elderly pedestrian spurred city leaders to remove even more spaces in a bid to end traffic fatalities. For seven years now, the city of nearly 60,000 people has reported resounding success: Not a single automobile occupant, bicyclist or pedestrian has died in a traffic crash since January…

[ad_1] Reddit is eyeing a valuation of as much as $6.5 billion in its initial public offering, according to people familiar with the matter. The social media company plans to target a price range of $31 to $34 per share in the first-time share sale, the people said, asking not to be identified because the information is private. At that…

[ad_1] A Saudi-led group of Arab states is urging the US and allies to persuade Israel to consider a renewed plan for Palestinian statehood that they say will de-escalate tensions in the Middle East, according to several Arab officials involved in drafting the proposal. While there are myriad obstacles to overcome — not least the ongoing war between Israel and Hamas —…

[ad_1] A Cook County judge ruled the Illinois State Board of Elections must take former President Donald Trump’s name off the state’s March 19 primary ballot Wednesday. But she placed her order on hold until Friday to allow an appeal. Judge Tracie Porter issued her decision after a group of voters trying to remove Trump’s name from the primary ballot over the…