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The Latest Breaking News from Bret Taylor

Elon Musk's failed court attack on OpenAI could leave lasting scars on CEO's reputation

Sam Altman and OpenAI secured a legal victory against Elon Musk, with a jury dismissing his lawsuit over the company's shift to a for-profit model. Despite the win, testimony from former colleagues painted a picture of Altman as untrustworthy, potentially impacting investor confidence for a future IPO.

The Economic Times

Key moments in the Musk vs OpenAI trial

A jury ruled Elon Musk waited too long to sue OpenAI, rejecting his claims that CEOs Sam Altman and Greg Brockman broke their nonprofit agreement. Musk sought $150 billion in damages and the removal of the executives, but the jury sided with OpenAI, ending the three-week trial.

The Economic Times

OpenAI chief Altman says Elon Musk wanted control of ChatGPT maker, denies betrayal

OpenAI CEO Sam Altman denied Elon Musk's accusations of betraying the company's founding mission. Altman testified that Musk pursued control and financial gain from OpenAI. The ongoing trial could shape OpenAI's future and its potential trillion-dollar valuation. Musk is seeking substantial damages and the removal of Altman and Greg Brockman…

The Economic Times

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In trial pitting him against Elon Musk, nobody has more to lose than OpenAI CEO Sam Altman

Aa a high-stakes trial pits Elon Musk against Sam Altman, the OpenAI CEO is facing intense scrutiny over his leadership. Testimony reveals accusations of dishonesty and resistance to oversight, potentially impacting Altman's future and the AI industry's public image amidst major IPOs.

The Economic Times

In a trial pitting him against Elon Musk, nobody has more to lose than OpenAI CEO Sam Altman

In a trial featuring a clash between Elon Musk and OpenAI CEO Sam Altman, neither of the tech titans has emerged as an overly sympathetic character

The Independent UK

Why there's an AI bubble and why you shouldn't ignore it

Companies are trying to take advantage of the boom, without being left with the bag.

Axios

Exclusive: Sierra co-founder sees an AI bubble — but there will be winners

Despite that, "it would be a mistake to dismiss it as snake oil."

Axios

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Former Salesforce Co-CEO Bret Taylor's Startup Sierra Hits $100M ARR, Powers 95% Of Black Friday Shoppers

Former Salesforce (NYSE:CRM) co-CEO Bret Taylor’s artificial intelligence startup Sierra announced on Nov. 21 that it crossed $100 million in annual recurring revenue within seven quarters of its early 2024 launch.

Benzinga

OpenAI's Restructuring Sets up What Could Be the Biggest IPO Ever

OpenAI, maker of ChatGPT, has completed its corporate restructuring, positioning the company for what many expect to be the biggest IPO in history.

MarketBeat

OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company

The restructuring ends years of capital constraints for OpenAI, and grants Microsoft long-term technology access and new AGI rights under the updated deal.

Fortune

OpenAI completes conversion to for-profit business after lengthy legal saga

Restructuring paves way for ChatGPT maker to more easily raise capital and profit off its AI technology

The Guardian - US

OpenAI says it has new for-profit business structure, adjusts partnership with Microsoft

OpenAI said it has reorganized its ownership structure and converted its business into a public benefit corporation

The Independent UK

OpenAI's Sam Altman Admits New AI Tools Too Costly For Free Users, Says Goal Is To Lower Prices Over Time: 'Want To Learn What's Possible…'

On Sunday, OpenAI CEO Sam Altman said that some upcoming AI features will be restricted to paying users due to high compute costs, though he pledged the company aims to make its technology more affordable over time.

Benzinga

Coinbase's Base Blockchain Now 'Exploring' Token As US Crypto Regulatory Environment Turns Friendly

Society has repeatedly underestimated artificial intelligence capabilities to such an extreme degree that traditional benchmarks have become meaningless, OpenAI Chair and AI startup Sierra CEO Bret Taylor warned.

Benzinga

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Benzinga

OpenAI Chairman Compares AI To Dot-Com Bubble: 'Some Companies Will Fail And Some Will Succeed'

OpenAI Chairman Bret Taylor believes the AI sector may be in a bubble similar to the dot-com era, but that's not deterring him from OpenAI or his other AI startup.

Fortune

OpenAI board chair doubles down on CEO Sam Altman's belief we’re in an AI bubble: 'A lot of people will lose a lot of money'

Sierra CEO Bret Taylor also said like the dotcom bubble, AI will “transform the economy” and create massive economic value.

Fortune

OpenAI’s deal with Microsoft could pave the way for a potential IPO

OpenAI has reached a preliminary deal with Microsoft that paves the way to convert its for-profit arm into a public benefit corporation (PBC).

Fortune

OpenAI’s chairman says ChatGPT is ‘obviating’ his own job—and says AI is like an ‘Iron Man suit’ for workers

Bret Taylor says computer programmers like himself may face an existential crisis.

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Benzinga

OpenAI Chairman Bret Taylor Believes This Degree Is Still Crucial In The AI Era: 'It's Extremely Valuable'

OpenAI Chairman Bret Taylor recently voiced his support for computer science degrees, emphasizing their significance in fostering “systems thinking,” a crucial skill even in the era of AI coding.

Benzinga

Meta's New Chief Scientist, Tesla's Investment In xAI, Global AI Body And More: This Week In AI

The week was abuzz with major developments in the tech world, particularly in the field of artificial intelligence (AI). From Meta Platforms Inc. (NASDAQ:META) appointing a new chief scientist to China’s push for a global AI body, and from OpenAI’s cautionary advice to AI startups to Tesla’s shareholder proposal on AI investment,…

Benzinga

Consumer Tech News (July 21–July 25): Big Tech Earnings, Pony AI Robotaxi, Tesla Discounts And More

Wall Street ended the week on a high, with tech-driven indices hitting fresh records as strong corporate earnings, robust economic data, and breakthrough trade deals lifted investor sentiment.

Benzinga

OpenAI Chairman Says Only Tech Giants Can Afford New AI Models—Startups Should Focus On Applications

Amid growing concerns about the financial burden of developing new AI models, Bret Taylor, chairman of OpenAI, has issued a cautionary note to AI entrepreneurs.

Benzinga

'Success Is Not Guaranteed' — Biographer Keach Hagey Says Sam Altman's Future At OpenAI Hangs On A Deal-Maker's Luck And Instability

"Success is not guaranteed," Wall Street Journal reporter Keach Hagey told TechCrunch in an interview last month. Her recently released biography, "The Optimist," tracks Sam Altman from St. Louis coder to OpenAI CEO.

Fortune

OpenAI chairman reveals the rocket ship mantra from Google’s ex-CEO Eric Schmidt that has inspired his career

The tech executive’s held top roles at OpenAI, Salesforce, and Twitter. Learning to embrace opportunity among tough situations—like dealing with Elon Musk—have helped him find success.

The Independent UK

OpenAI reverses course and says its nonprofit will continue to control its business

OpenAI is reversing course and said Monday its nonprofit will continue to control the business that makes ChatGPT and other artificial intelligence products

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Yvonne Gonzalez Rogers

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