In this photo illustration, an OpenAI logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images OpenAI has opened its first Asian office in Tokyo, Japan as the ChatGPT developer aims to expand its global presence. “We’re excited to be in Japan which has a rich history of … Read more
The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE Wall Street’s tech IPO bankers may finally have a reason to break out the champagne after an extended drought was broken up this week with the market debuts of … Read more
Reddit mascot Snoo is seen on the floor of the New York Stock Exchange (NYSE) as Reddit begins trading in New York on March 21, 2024. Timothy A. Clary | AFP | Getty Images OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His … Read more
Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. … Read more
Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering. The number is below the $10 billion level achieved by the company during a 2021 fundraising round, with the disparity reflecting increased expectations for tech company profitability. The IPO would raise $748 million at the top of … Read more
Altman had returned as CEO of OpenAI just four days after his firing. Sam Altman is rejoining the board of ChatGPT-maker OpenAI along with three new directors, as the startup tries to move past his sudden ouster in November that shocked the tech industry. Altman had returned as CEO of OpenAI just four days after … Read more
OpenAI CEO Sam Altman, ousted four months ago from the company he co-founded, is now fully back in control. His return to its board of directors as part of a reshaped oversight team was announced on Friday. Altman was fired in November as CEO and director by the OpenAI board, a shocking development for a … Read more
CEO Sam Altman will return to the board of OpenAI, the company said on Friday. San Francisco: CEO Sam Altman will return to the board of OpenAI, the company said on Friday, just months after a boardroom dustup that saw him fired and rehired by the company behind ChatGPT. Altman was also found to have … Read more
OpenAI is reinstating CEO Sam Altman to its board of directors and said it has “full confidence” in his leadership after an outside investigation into the turmoil that led the company to abruptly fire and rehire him in November. OpenAI said the investigation by the law firm WilmerHale concluded that Altman’s ouster was a “consequence … Read more
OpenAI on Friday announced its new board and the wrap-up of an internal investigation by U.S. law firm WilmerHale into the events leading up to OpenAI CEO Sam Altman’s ouster. Sam Altman will also rejoin OpenAI’s board. The new board members are: Dr. Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation, who … Read more
