[eBook] 8 Simple Rules for Investors

Whether markets are up, down, or sideways, these are the 8 guidelines that experienced traders and investors follow to maximize returns while minimizing losses.

By clicking the link above you will automatically opt-in to receive emails from ActivaTrade

Shakeup At OpenAI: Sam Altman Returns As CEO, Microsoft Secures Board Observer Role

Ananya Gairola
November 29, 2023

Sam Altman has regained his CEO title at OpenAI, while Satya Nadella-led Microsoft Corporation (NASDAQ:MSFT) has secured a non-voting observer role on the OpenAI board.

What Happened: On Wednesday, just hours after it was reported that OpenAI might not offer board seats to investors like Microsoft, Khosla Ventures, and Thrive Capital, the ChatGPT parent announced the news of Altman’s reinstatement. 

While Microsoft doesn’t have any official voting power, its new role in OpenAI’s board as a “non-voting observer” will grant the company enhanced visibility into the workings of this AI startup. 

See Also: OpenAI Drama Timeline: All The Twists And Turns, Starring Sam Altman

In the document shared by OpenAI, Altman expressed excitement for his comeback while applauding employees’ perseverance and positivity in times of uncertainty. 

“I am returning to OpenAI as CEO. Mira will return to her role as CTO. The new initial board will consist of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” Altman announced. 

He added, “I have never been more excited about the future.”

The newly reinstated CEO also voiced optimism for a sustained working relationship with Ilya Sutskever, OpenAI’s co-founder and chief scientist, despite his exit from the board.

“I love and respect Ilya, I think he’s a guiding light of the field and a gem of a human being. I harbor zero ill will towards him. While Ilya will no longer serve on the board, we hope to continue our working relationship and are discussing how he can continue his work at OpenAI,” he said. 

Why It Matters: This whole drama started on Nov. 17, when Altman unexpectedly departed from the position of OpenAI CEO. At the time, it was reported that the board was concerned about Altman’s transparency in communications with them. 

After that, OpenAI president Greg Brockman revealed that he was removed from his position

Things became more heated when OpenAI employees announced an open rebellion, demanding the reinstatement of Altman and Brockman and the removal of the board. 

Now, it has all resulted in favor of the employees. 

Meanwhile, given that Microsoft also has a board seat, it signifies a notable milestone in the company’s investment journey into OpenAI, where it holds a 49% stake. 

Earlier, Microsoft had no access to the board’s activities, leading to shock when Altman was suddenly dismissed.

Check out more of Benzinga’s Consumer Tech coverage by following this link.

Read Next: What Is OpenAI’s Q*: A Revolutionary AI Tool Or Global Menace?

This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Popular

Colombia pauses buying Israeli weapons and president calls war in Gaza 'genocide'

BOGOTA, Colombia (AP) — Colombia’s President Gustavo Petro announced Thursday his government is suspending purchases of weapons from Israel after Palestinians say Israeli troops in Gaza, marking an escalation of tensions between both countries over the .

Brazil’s finance minister proposes global tax on the super-rich at G20 meeting in Sao Paulo

RIO DE JANEIRO (AP) — Brazil’s finance minister told his peers Thursday at a in Sao Paulo that countries should implement a global tax on the super-rich in an effort to tackle rampant tax evasion.

Gold Is SOARING -- Here's What You Need to Do - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for less than $5.

Clark's final regular-season home game to be among priciest tickets in women's college hoops history

IOWA CITY, Iowa (AP) — Caitlin Clark's at Iowa is likely to bring one of the priciest tickets in women's college basketball history.

What's Going On With Bitcoin Miner Stocks Thursday?

Bitcoin-miners' stocks are pulling back Thursday following recent strength. Some stocks in the sector may also be down in sympathy with Marathon Digital Holdings and as the recent Bitcoin rally cools Thursday.

Inflation Proof Investments - Ad

Forget stocks. Their value goes down even as price goes up. And real estate... not in this market. The #1 inflation proof investment right now is GOLD. If you want to protect your retirement savings from inflation, this free guide from the #1 rated gold company in the US shows you how.

Climate change cost U.S. ski industry billions, study says, and future depends on emissions

DENVER (AP) — U.S. ski areas lost $5 billion from 2000 to 2019 as a result of human-caused climate change and could lose around $1 billion annually in the 2050s depending on how much emissions are reduced, a new found.

These 3 Energy Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

URGENT: Do THIS To Avoid Biden's $4.7 Trillion Tax Increase - Ad

Did you know that Joe Biden and his administration proposed a $4.7 trillion tax hike for this year? But a little-known IRS Loophole can keep your money safe. Get the report now before Biden's tax hike can come after your savings.

The jobs market is hot, but layoffs keep coming in a shifting economic environment

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month. In a stunning burst of hiring to start the year, the nation added 353,000 jobs in January....

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

EPA to delay rules for some power plants until after November election

WASHINGTON (AP) — The Environmental Protection Agency said Thursday it is delaying planned rules to curb emissions from existing natural gas plants that release harmful air pollutants and contribute to global warming.

Stericycle Analysts Increase Their Forecasts After Q4 Results

Stericycle, Inc. (NASDAQ: SRCL) reported mixed fourth-quarter financial results on Wednesday.

This Is Going to Blow the Wealth Gap Wide Open - Ad

The most disruptive technology of this century is about to blow the wealth gap wide open. Artificial intelligence could soon cause millions of Americans to fall further behind and folks who heed this A.I. Code Red could land on the winning side of the growing wealth gap.

Musk's X asks judge to penalize nonprofit researchers tracking rise of hate speech on platform

Attorneys for X Corp. and a research organization that studies online hate speech traded arguments in court Thursday after the social media platform sued the non-profit Center for Countering Digital Hate for documenting the on the site since it was purchased by Elon Musk.

This Trader Turned $2,708 Into $3.25 Million With Trump-Related MAGA Memecoin

Pseudonymous Erik Stevens, a self-proclaimed "eccentric multi-millionaire," updated his followers on achieving a "1,024X" on MAGA Memecoin (CRYPTO: TRUMP), the

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Will the Reddit IPO Turn Into the Next Meme Stock?

Reddit IPO is around the corner. Here are a few reasons why we think this could turn into the biggest meme stock around.

Could A Second Trump Presidency Disrupt The Stock Market? Capital Economics Analyst Weighs In

Investors are weighing the potential implications of a second term for former President Donald Trump on the stock market. Analysts predict that a Trump 2.0 presidency could significantly impact key macro factors.

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This - Ad

A certain crypto genius and millionaire has been praising Bitcoin since it was trading for $61. Even though it gained 164% last year, he's now recommending a different cryptocurrency. In fact, he's betting his own money on and buying it like crazy.

The Power of Investing in Real Estate: The Oprah Winfrey Way

Oprah Winfrey is one of the most successful women in the world. She is a media mogul, television personality, actress, author, and philanthropist. Her net worth is estimated to be over $2.6 billion, and she has made her fortune through various business ventures, including television, film, and publishing.

URGENT: Don't Risk Your Retirement - Ad

A looming recession, inflation, unpayable debt, a failing dollar, and a crumbling housing market all put your savings in extreme risk. Protect your retirement with this free guide that shows you how to guard your money against economic downturns with gold.

Why James Altucher SOLD All His Bitcoin - Ad

Crypto genius James Altucher has been praising Bitcoin since it was trading for $61. But now he's buying another coin like crazy... and it's not Bitcoin!

Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Putin Rival Alexei Navalny Had This Message Ready For The Russian Public In The Event Of His Untimely Death

On Friday, Alexei Navalny, a staunch critic of the Kremlin and President Vladimir Putin, died while incarcerated in Russia, as confirmed by Russian authorities.

Why Banks Could See a "Cash Frenzy" on March 11 - Ad

He called the Lehman Brothers collapse in 2008... the Bitcoin crash in 2018... and the inflation crisis of 2022. Now, he's warning that the 2023 banking crisis is not over yet. Instead, we could see a cash frenzy at banks as soon as March 11. Do NOT buy another stock until you see his newest presentation.

Michigan Staff Stunned By $10,000 Tip, Learns Of Solemn Reason Behind Generosity: 'The Waitress Was Absolutely Shocked'

Earlier this month, at the Mason Jar Cafe in Benton Harbor, Michigan, staff members were taken aback when a customer, known only as Mark, left a $10,000 tip on a $32.43 bill.

Buffett-Endorsed Ferrari Stock Breaks Speed Limits, Sets New Annual Record

Ferrari stock hits new high, outperforming S&P 500 by 2X. Positive market sentiment, strong financial performance, and raised forecast are key catalysts. UBS rates it a Buy with 9.8% upside.

The REAL Reason Americans Keep Falling Behind - Ad

In 2023, we saw waves of bank collapses, emergency bailouts, and Treasury bond crashes. Yet big banks are celebrating record earnings in 2024... as more and more ordinary folks struggle to make ends meet every day. The 24-year market veteran who called the Lehman Brothers collapse in 2008 reveals why.

A collection of the insights Warren Buffett offered in his annual letter Saturday

Billionaire Warren Buffett is known as one of the world's greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing.

Cathie Wood's Ark Invest Offloads $6.9M Worth of Coinbase, Robinhood Shares Each Amid Searing Bitcoin Rally — Nvidia Stock Also Shed

On Monday, Cathie Wood-led Ark Invest adjusted its portfolio, notably selling shares of cryptocurrency-related companies such as Robinhood Markets Inc (NASDAQ:HOOD) and Coinbase Global Inc (NASDAQ:

New Trump Bombshell - Ad

The Freeport Society and Louis Navellier have just issued a shocking election prediction for 2024. I believe Donald J. Trump will go down as America's last Republican president. But NOT for the reasons you may think...

Kim Kardashian Flaunts New Tesla Cybertruck On Instagram, Adding To Her Fleet Of Luxury Vehicles

Kim Kardashian, the reality TV star and businesswoman, has taken to social media to showcase her latest acquisition, a Tesla Cybertruck.

Bill Ackman Spills The Beans On How He Identifies Companies That Are Going To Make A Lot Of Money: 'Close Your Eyes...'

Bill Ackman shared his investment strategy during an interview with Lex Fridman, focusing on identifying long-term, non-disruptive businesses, using examples like Universal Music and McDonald's, and detailing his research process involving SEC filings, conference call transcripts, and industry analysis.

2024 Oil Boom - Ad

There is a much better way to profit from oil in 2024. It's NOT oil stocks, futures, or anything you've likely heard about. In fact, one man used it build a small $1,000 investment into a $100,000 income stream over fifty years.

Intuitive Machines, Palo Alto Networks, Enovix Corp, Teladoc Health, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Wall Street reopened on a weaker note following Monday's market closure, with all major U.S. stock averages in the red due to a broad decline in technology stocks.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service