Hey there! If you’re going to Thanksgiving this year, here they are tips on the worst times to drive over the bank holiday weekend.
In today’s big story, we’ll look at the continuing fallout from Sam Altman’s shocking departure from OpenAI.
What’s on board:
But first, if you get to the king, you better not miss.
Have you ever dreamed of attending a funeral and seeing what people think of you?
In a sense, Sam Altman is living out this fantasy.
Altman is alive and well, but his term as OpenAI CEO came to an end on Friday. But a few days after his release, he avoided a messy weekend and looked like the ultimate hero, writes Business Insider’s Katie Notopoulos.
(For a full timeline of the chaos, start here. To learn why the fiasco is still relevant to non-tech people, check it out.)
Most notable among Altman’s supporters were his former employees. Nearly everyone at OpenAI signed a letter threatening to leave the company if Altman is not re-elected and board members resign.
Even the person who started the whole mess – OpenAI co-founder and chief scientist Ilya Sutskever – signed the letter and expressed deep regret for his role in Altman’s takedown.
A key issue among employees is the lack of adequate explanation of the reasons for Altman’s dismissal. What Suckever told employees about the reasons for the takedown left them unconvinced and angry, writes Business Insider’s Kali Hays. Honestly, Microsoft CEO Satya Nadella and OpenAI CEO Emmett Shear don’t seem to know why either.
Altman also has his fans on the market. Amid the news that Altman would end up at Microsoft, the tech giant took a look at his stock reached a record high on Monday.
And now Altman is reportedly planning a return to OpenAI, a fitting culmination to perhaps the wildest coup in Silicon Valley history.
At first glance, the events of the last few days amazed me at how much power Altman seemed to possess.
How many executive firings would trigger a full-blown revolt like Altman’s ouster at OpenAI?
But as Business Insider’s Julie Bort writes, Microsoft’s Nadella really holds all the cards. Nadella prevented a complete disaster by hiring Altman. Whether he returns to the helm of OpenAI or remains at Microsoft, Nadella has kept a significant piece of the company’s artificial intelligence strategy in his back pocket.
Of course, this does not mean that Microsoft does not pose any threats. Madeline Renbarger from Business Insider reports that some OpenAI customers already want to leave. Failure to bring Altman back to OpenAI could ultimately lead to its demise. This is not an ideal scenario for a startup in which you have invested billions.
It’s also doubtful that Microsoft would be able to retain all of OpenAI’s talent if it were disbanded. In fact, OpenAI employees who have committed to leaving the company and joining Altman at Microsoft do not actually have official job offers, sources told Kali and Ashley Stewart.
Meanwhile, Marc Benioff from Salesforce is already actively recruiting OpenAI employees on the X platform.
3 things in the markets
3 things in technology
- Some Uber and Lyft drivers make more money by being picky. Some drivers have revealed that canceling certain trips can help them avoid situations that are not profitable. For example, being demanding can help drivers avoid “one-way driving.”
- The vice president of recruiting at Nvidia revealed how to get a job in the AI industry at the company. The development of artificial intelligence also contributed to the development of Nvidia – its CEO Jensen Huang even became the 27th richest person in the world. The company’s top recruiter said that emphasizing skills and standing out are some of the best ways to get hired at the company.
- CEO X is reportedly receiving text messages from advertising executives asking him to resign over his support of Elon Musk’s anti-Semitic post. The executive reportedly told Linda Yaccarino that she needed to “save” her reputation.
3 things in business
- Texas is – oddly enough – leading America’s clean energy future. The state has been the oil capital of America for over a century. But now Texas is also one of the nation’s largest producers of renewable energy.
- Underwear startup Parade went bankrupt and employees blame the founder. Is it worth writing about it? Parade co-founder and former CEO Camila Téllez asked Business Insider’s Melkorka Licea how she could write what she felt was another takedown of a founder – especially a founder of color. But many of the 26 current and former employees Melkorka spoke with said the way Téllez ran her company was at least partially responsible for her outburst.
- The experience economy can be a good industry to base your career on. Millennials and Generation Z are driving the demand for experiences. For example, the number of chefs in restaurants is expected to increase by 20% between 2022 and 2032.
In other news
What’s happening today
- It’s World Hello Day. This day is celebrated by welcoming 10 different people. This highlights “the importance of personal communication to maintain peace.
- “Happy birthday, Carly Rae Jepsen. Björk, Davido and Colleen Ballinger were also born on this day.
- Earnings today: Lowe’s, Best Buy, HP, Nvidia, Nordstrom, and other companies.
For your bookmarks
Formal dinner etiquette
An international wine and etiquette expert shares seven etiquette tips and mistakes. His warnings include to never force guests to join in prayer and never to hold the top of the wine glass.
Insider Today Team: Dan DeFrancesco, senior editor and presenter in New York. Diamond Naga Siu, senior reporter, in San Diego. Hallam Bullock, editor, in London. Lisa Ryan, editor-in-chief, in New York.