SaaS Earnings Season | Shares of the Most Software Giants Plunge!
In the tumultuous week of US stocks, tech stocks, especially SaaS software stocks, suffered an unprecedented crash. Software leaders like $Salesforce.com(CRM)$$Workday(WDAY)$$UiPath(PATH)$ saw their share prices drop over 20% after releasing earnings reports and warning customers to be cautious about long-term software orders.Even though most software companies didn't directly blame AI for their slower growth prospects, AI undoubtedly played a role.The AI boom has two-sided effects on software companies:On one hand, with AI seen as the ultimate force in future technology development, software companies have to step up their transformation efforts to avoid fallin
It's completely crazy and does not augur well for the company.
Sam Altman to Return As OpenAI CEO
OpenAI said on X: ”We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo.We are collaborating to figure out the details. Thank you so much for your patience through this.”
How many corporate board members are intelligence operatives these days?
Sam Altman, OpenAI Board Open Talks to Negotiate His Possible Return
Negotiations center on Altman’s reinstatement as CEOCEO Shear has asked board for proof of Altman wrongdoingSam Altman, members of the OpenAI board and the company’s interim chief executive officer ha
There is going to be a culture shift with boards in different industries, that will happen from this fallout. It may not be within the next couple of years but my prediction it will be in the next 10years. When the old guard leave it for off. That is the greatest hindrance to progression, when the older generation want to stay stuck in what they know, without consideration for what is happening and changing in reality.
Sam Altman Ousted From OpenAI, Hired at Microsoft: What We Know so Far
Hundreds of OpenAI staff are threatening to leave the company after Sam Altman's firing, marking the latest twist in the drama engulfing the ChatGPT makerSam Altman was ousted ChatGPT maker OpenAI on
Wow the news about OpenAI's board not actually having evidence or grounds to sack Sam Altman is probably the biggest piece of news in this article. Even the malfeasance has been dropped, and that was in the articles about why Sam was fired, since Friday.
OpenAI Negotiations to Reinstate Altman Snag Over Board Role
OpenAI’s leaders want board removed, but directors resistingBoard given 5 p.m. deadline to give in to Altman’s demandsSam Altman Photographer: Joel Saget/AFP/Getty ImagesEfforts by a group of OpenAI
It seems to be Sam's intention to make it "open" AI that goes against Bill's desire to own everything. In my opinion of course. If Sam doesn't come back and it remains 100% private it becomes a global security risk in my opinion again of course.
Sam Altman Could Make a Decision As Soon As Saturday Evening on Whether to Return to OpenAI
OpenAI co-founder Sam Altman could make a decision as soon as Saturday evening on whether to return to the startup he co-founded, after some major investors urged the board that fired him to reverse the decision, according to people familiar with the discussions. In order to return, the members of the board would have to be replaced. Alternatively, Altman would continue with plans to launch a new venture.Tiger Global is part of an investor group that is pushing to get OpenAI’s board of directors
This is great news for OpenAI bring back the captain of the ship and removing the board, because they don't know what they are doing. They're only doing it for the money, not for the betterment of society and culture as a whole. Which from my limited understanding is what Sam Altman is about 😁
To fire founders changes the culture dynamic and also the basis of why the company was created
OpenAI President Brockman Resigns Following CEO Firing
OpenAI President Greg Brockman, who helped launch the artificial intelligence developer and has been key to developing ChatGPT and other core products, has resigned, according to a person with knowledge of the situation. The move came after the company's board fired CEO Sam Altman earlier Friday.Brockman was a member of the six-person board that fired Altman, after which the board said in a blog post that Altman had not been candid with them.
From what I have read, it seems like Brockman was a controversial figure within OpenAI. Some people believe that he was a visionary leader who helped to push the boundaries of artificial intelligence, while others believe that he was a reckless and irresponsible leader who made decisions that put the company at risk. Here are some possible impacts: • Public perception: The public may view Brockman's departure as a sign of instability at OpenAI. This could make it more difficult for the company to attract talent and funding. • Microsoft's investment: Microsoft has invested heavily in OpenAI. Brockman's departure could make Microsoft less confident in the company's future. This could lead to a decrease in funding or even a complete withdrawal of support. • Delays in
When we lose 2 top executives, there will be implications on the direction and culture. Is the board right? We will find out in due. When the product is undergoing development, keeping the core team is essential. Culture will eat strategy for breakfast, any time. Wishing the company the best and thanks all for this innovation. $Microsoft(MSFT)$
SaaS Earnings Season | Shares of the Most Software Giants Plunge!
In the tumultuous week of US stocks, tech stocks, especially SaaS software stocks, suffered an unprecedented crash. Software leaders like $Salesforce.com(CRM)$$Workday(WDAY)$$UiPath(PATH)$ saw their share prices drop over 20% after releasing earnings reports and warning customers to be cautious about long-term software orders.Even though most software companies didn't directly blame AI for their slower growth prospects, AI undoubtedly played a role.The AI boom has two-sided effects on software companies:On one hand, with AI seen as the ultimate force in future technology development, software companies have to step up their transformation efforts to avoid fallin