Author: Steve Smith

I am Senior Editor of Business d'Or and lead reports on workplace, career and talent. Prior to joining Business d'Or, I spent more than 5 years writing articles on workplace issues, corporate leadership, leadership and governance for The Washington Post. I graduated from the University of Georgia, majoring in history and journalism.

Microsoft’s CEO, Satya Nadella, said on Monday that the way OpenAI is managed needs to be changed. This comes three days after CEO Sam Altman was unexpectedly fired. Nadella mentioned, “It’s very clear that something has to change around the governance at this point.” He also stated that Microsoft would discuss this with OpenAI’s board. During his first interview after Altman’s removal, Nadella assured that the important artificial intelligence research at OpenAI is still ongoing, and the partnership with Microsoft continues. However, he didn’t provide clarity on where Altman and fellow OpenAI co-founder Greg Brockman, who was the company’s chairman,…

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After a weekend of talks to bring back Sam Altman as OpenAI CEO, the nonprofit board decided to go in a different direction. They’ve chosen Emmett Shear, the former CEO of Twitch, as the temporary CEO. Shear will take over from Mira Murati, who was publicly supporting Altman. This information was first reported by The Information. So, that’s three CEOs in three days, just to keep you updated. Who is Emmett Shear? Shear who is the co-founder of Twitch and Justin.tv, was the CEO of Twitch until March this year. He graduated from Yale University with a Bachelor of Science…

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On Friday, OpenAI’s board of directors announced that Sam Altman is stepping down as CEO. Mira Murati, the technology chief, will take over temporarily. The board conducted a thorough review and found that Altman wasn’t consistently open in his communications with them, making it difficult for them to fulfill their responsibilities. The statement mentioned that the board has lost confidence in his ability to lead OpenAI. The board includes chief scientist Ilya Sutskever and independent directors like Quora CEO Adam D’Angelo, technology entrepreneur Tasha McCauley, and Helen Toner from the Georgetown Center for Security and Emerging Technology. OpenAI emphasizes that…

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There isn’t enough justification for the widespread use of central bank digital currencies right now, which makes broad adoption of such assets “difficult,” explained Ashok Venkateswaran, who leads Mastercard’s blockchain and digital assets in Asia-Pacific. “The challenging aspect is getting people to use them. If you have central bank digital currencies in your digital wallet, you should be able to spend them wherever you want, similar to using cash today,” Venkateswaran added while attending the Singapore FinTech Festival on Wednesday.” Countries all over the world, including the U.S. and China, are competing to be leaders in the financial technology industry.…

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Apple’s CEO Tim Cook, Tesla’s Elon Musk, and Blackstone Group CEO Steve Schwarzman attended a fancy reception and dinner in San Francisco for Chinese President Xi Jinping. The event was organized by the U.S.-China Business Council and the National Committee on U.S.-China Relations. It took place after Xi’s summit with President Joe Biden, which Biden praised as “constructive and productive discussions.” Dinner Highlights The dinner with Xi was a sought-after invitation for CEOs of major American companies. It provided an opportunity for them to socialize with high-ranking government officials from China, a country that engaged in nearly $760 billion worth…

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As of last month, the Canadian government reported that over 6,000 people with U.S. H-1B visas had come to Canada this year. This happened because many skilled foreign workers with H-1B visas lost their jobs and faced uncertainty. Annie Beaudoin, who used to work in Canadian immigration, said, “Highly educated foreign individuals really depend on U.S. employers.” The H-1B program is for well-educated and specialized foreign workers, especially in fields like technology and healthcare. Major tech companies such as Amazon, Google, Microsoft, Meta, and Apple all support thousands of applicants through this program each year. Since its establishment in 1990,…

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The British fintech company Wise made a lot more money in the first half of this year, especially because of higher interest rates. In the six months ending on September 30, 2023, Wise earned £498.2 million, which is 25% more than the same period last year. If you add the money they made from interest, the total income for the company during this time was £656 million, a 58% increase from last year. The profit before taxes, which is the money Wise earned after expenses, was £194.3 million, a huge increase of 280% compared to the previous year. Wise explained…

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On Monday, Disney announced that Hugh Johnston, who has been the top money person at PepsiCo for a long time, will become the new chief financial officer (CFO) of Disney. Disney is facing challenges with its stock price not doing so well, and it’s losing money from its streaming services. Johnston has been working at PepsiCo for 34 years, starting in different jobs at the food and drink company before becoming CFO in 2010. He will start his new job at Disney on December 4 and will report directly to CEO Bob Iger. In the recent week Disney also announced…

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William Lewis, who used to be in charge of Dow Jones and The Wall Street Journal, is now the new leader of The Washington Post, as announced by the Post. Face Difficulties and Challenges The Washington Post is facing a tough situation and is likely to lose $100 million by the end of the year. To cope with this, the company is offering some of its employees the option to leave their jobs in exchange for money. They plan to reduce their workforce by about 10%, which means the number of journalists in their newsroom will go down to around…

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LinkedIn has introduced a new computer program that uses artificial intelligence. They call it a “job seeker coach.” They have also revealed some other AI tools for people who pay for a premium membership. LinkedIn, did this because they reached a big milestone, they now have over 1 billion members. For a while, the company, which is owned by Microsoft, has been focusing on making tools that can automatically send messages to recruiters, create job descriptions, and give suggestions on how to improve your profile with the help of AI. LinkedIn’s New AI Chatbot The new AI chatbot is here…

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