Those pesky typoes!
I'm trying to work out where Tony Lewis has been working ( day job, not advisor etc) for the last 2 years 6 months. I can't see anything on his linkedin.
Am I missing something?
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
I'm trying to work out where Tony Lewis has been working ( day job, not advisor etc) for the last 2 years 6 months. I can't see anything on his linkedin.
Am I missing something?
Hiya DB,
firstly , really appreciate all your time and input to the forum.
Re : the above earlier LDA Cap Call. 10/01/2023
10/01/2023 - 68c
24/01 - 66c
08/02 - 62c
22/02 - 52c
07/03 - 55c
21/03 -44c
04/04 -46c
Shares issued 20,756,540
Raising Aud $12,232,543
= 58.93 cents per share
Sorry accidentally pushed reply
So , it appears even thou later in this period , 2nd Gen AKIDA was announced,
Our financials were quite astutely managed for a good overall outcome.
At some point , the min share value was exceeded and no more sales passed muster, so it would seem.
So here’s hopping for continued good decision making, going forwards.
Ps. I’m slightly triggered to be optimistic in this short term re Announcements.
Because of last weeks issue of 6,000,000 restricted shares, the largest number for a long time
Cheers
Last edited:
DingoBorat
Slim
Cheers Kozikan
The last capital call was over a longer period, this time around 2 months only (taking out the festive season).
It's worth noting that apart from the last one (where the price went down) the previous capital calls, were hugely rewarding, to the Company, LDA and shareholders (increase in share price).
But the environment was a bit different then..
I think for the previous call, the Company was expecting more market excitement, around the completion of AKIDA 2.0 and other partnerships..
I know it's been said many times before
...But, I think this may be the last opportunity to pick up shares at these prices, over the next couple of months.
Of course we need real revenue, to at least "begin" to flow in the New Year, as well as some IP deals/development partnerships, to drop.
I'm very confident we'll get both.
But man, it seems to be taking forever..
Cheers Kozikan
The last capital call was over a longer period, this time around 2 months only (taking out the festive season).
It's worth noting that apart from the last one (where the price went down) the previous capital calls, were hugely rewarding, to the Company, LDA and shareholders (increase in share price).
But the environment was a bit different then..
I think for the previous call, the Company was expecting more market excitement, around the completion of AKIDA 2.0 and other partnerships..
I know it's been said many times before
But, I think this may be the last opportunity to pick up shares at these prices, over the next couple of months.
Of course we need real revenue, to at least "begin" to flow in the New Year, as well as some IP deals/development partnerships, to drop.
I'm very confident we'll get both.
But man, it seems to be taking forever..
“ Pantene “ I believe would be the correct borrowed response
Quercuskid
Regular
Pantene……It’s almost like my hair needs a good wash but it’s too late as it has all fallen out.
hamilton66
Regular
Cheers Kozikan
The last capital call was over a longer period, this time around 2 months only (taking out the festive season).
It's worth noting that apart from the last one (where the price went down) the previous capital calls, were hugely rewarding, to the Company, LDA and shareholders (increase in share price).
But the environment was a bit different then..
I think for the previous call, the Company was expecting more market excitement, around the completion of AKIDA 2.0 and other partnerships..
I know it's been said many times before
But, I think this may be the last opportunity to pick up shares at these prices, over the next couple of months.
Of course we need real revenue, to at least "begin" to flow in the New Year, as well as some IP deals/development partnerships, to drop.
I'm very confident we'll get both.
But man, it seems to be taking forever..
D, I'm a lth, and will continue to be so. That said, I'm tipping a very uncomfortable ride for Sean. He was clearly out of his depth at the last AGM. His statement of "watch the financials ", without a big ann , in a short space of time, is going to bite him on the arse, in a big way. Potentially, he's going to be sweating bullets at the next AGM. While I don't blame him per se , the s/p price during his tenure has been a bloody disaster. That's just a fact. Will be very interested to hear what he has to say. GLTA
Once again Socionext is showcasing Akida at CES 2024.
View attachment 51266
CES 2024 - Socionext America
Come see Socionext’s latest Custom SoC offerings and solutions at CES 2024! Socionext will showcase our leading-edge technologies, custom and standard products and solutions in the automotive, data center, smart devices, sensing, and IoT to help our customers develop feature-rich custom SoCs...socionextus.com
View attachment 51267
Learning
Just for some clarification in regards to Socionext , that some may or may not be fully aware .
At the last AGM I enquired if Socionext were exempt from paying a licensing fee due to any previous agreement ?
The reply was / not at all , we would love to do a licensing agreement with Socionext and we certainly could .
Since Sean’s flying visit to Australia the Net borrowed short position has declined from 122m to only 75m .
What is spooking the shorts ? It’s certainly not the LDA agreement .
All in my opinion ……
Myself, my extended family, and a few friends have foolishly lost a lot of money in the last 24 months. Thanks.I know it's been said many times before
But, I think this may be the last opportunity to pick up shares at these prices, over the next couple of months.
Of course we need real revenue, to at least "begin" to flow in the New Year, as well as some IP deals/development partnerships, to drop.
I'm very confident we'll get both.
But man, it seems to be taking forever..
Will continue to be pissed off until we are back above $2
Makeme 2020
Regular
Sean knows how to spend money but he doesn't know how to make money.
True story.
Zedjack33
Regular
Champagne taste on a beer budget.
wilzy123
Founding Member
I can think of a few things
hamilton66
Regular
H, to demonstrate small details matter. Does anyone remember our casino deal yrs ago? If u don't get it right, u get burnt. GLTAAre they intentionally providing filth for the monkeys to throw?
Jeeze Sean
Just after performance rights issue and newspaper coverage of salary up there with the big boys/performers this is not a good look.
Isn't there someone on the board who can earn a fraction of their fees by proof reading this stuff?
We are paying professional level fees and yet continue to be served up these amateur hour incidences.
It maybe coincidence that these LDA calls coincide with our diminishing share price and I know we were committed to this call as stated, but I will be glad to see the back of them.
It's poor form to screw up the dates like this allowing detractors extra free shots at our incompetence.
In this case its just a small detail, but, FFS, details matter!
C'mon BRN. Do better!
Brasso?
Does anyone have any details on how these types of Capital Call notices work as I'm interested to read up on it a bit more.
Was it mandatory that they request it right now? Given that we have enough cash on hand for 4 more quarters, and considering that we are expecting revenue next year from the likes of Valeo and others, we would potentially have more than 4 quarters available. Would it not be better to raise cash later next year once the shareprice has recovered a bit.
Was it mandatory that they request it right now? Given that we have enough cash on hand for 4 more quarters, and considering that we are expecting revenue next year from the likes of Valeo and others, we would potentially have more than 4 quarters available. Would it not be better to raise cash later next year once the shareprice has recovered a bit.
I think pretty well everybody bar the shorters and day traders misunderestimated the time it would take to get a product out the door, particularly as we trumped our own ace with at least one potential Akida 1 customer by announcing Akida 2 before we had their ink on the contract.
That said, from the technological and networking point of view, the last 12 months has been stellar. As I've said before, if we were in mineral prospecting, our JORC results would have earned multiples of the present share price - 100% Au from 1 metre - open in all directions.
NFA (also NFI).
Edit:
NFA = Not financial Advice
NFI = No Feasible Idea.
Last edited:
DingoBorat
Slim
Ahh c'mon, wouldn't $1.50 bring a smile to your face
But seriously, you and your extended family only lost "paper value" assuming you held and my paper losses over the years here, are absolutely depressing, so I do my best not to think about them..
If I had traded the ups and downs, for position (successfully) I would be a Top 20 holder (or higher) that also does my head in..
But unless you have Vulcan like dispassionate logic, you can easily end up chasing your own tail, until you fall over (just imagine, for those that don't have them).
"Investing" in a basically pre-revenue company, in a technologically paradigm shifting space, is always going to be a rollercoaster ride.
But the future rewards, should BrainChip and AKIDA achieve their goals, will be worth much more than the pain and suffering, over the journey and it hasn't been all tears..
That's honestly what I think about the whole deal.
Last edited:
Bravo
If ARM was an arm, BRN would be its biceps💪!
Earlyrelease
Regular
Those more Tech savy than me (Dodgy knees).
Is this a foe or a friend with possible a link back to our future incomes?
OpenAI Agreed to Buy $51 Million of AI Chips
From a Startup Backed by CEO Sam Altman
Documents show that OpenAI signed a letter of intent to spend $51 million on brain-inspired chips developed by startup Rain. OpenAI CEO Sam Altman previously made a personal investment in Rain.
SamAltman PHOTO-ILLUSTRATION: WIRED STAFF; GETTY IMAGES
Sam Altman was reinstated soon after being fired as OpenAI CEO last month, but still stood to gain had the company continued to develop ChatGPT without him. During Altman’s tenure as CEO, OpenAI signed a letter of intent to spend $51 million on AI chips from a startup called Rain AI into which he has also invested personally.
Rain is based less than a mile from OpenAI’s headquarters in San Francisco and is working on a chip it calls a neuromorphic processing unit, or NPU, designed to replicate features of the human brain.
FEATURED VIDEO
MOST POPULAR
OpenAI in 2019 signed a nonbinding agreement to spend $51 million on the chips when they became available, according to a copy of the deal and Rain disclosures to investors this year seen by WIRED. Rain told investors Altman had personally invested more than $1 million into the company. The letter of intent has not been previously reported.
The investor documents said that Rain could get its first hardware to customers as early as October next year. OpenAI and Rain declined to comment.
OpenAI’s letter of intent with Rain shows how Altman’s web of personal investments can entangle with his duties as OpenAI CEO. His prior position leading startup incubator Y Combinator helped Altman become one of Silicon Valley’s most prominent dealmakers, investing in dozens of startups and acting as a broker between entrepreneurs and the world’s biggest companies. But the distraction and intermingling of his myriad pursuits played some role in his recent firing by OpenAI’s board for uncandid communications, according to people involved in the situation but not authorized to discuss it.
The Rain deal also underscores OpenAI’s willingness to spend large sums to secure supplies of chips needed to underpin pioneering AI projects. Altman has complained publicly of a “brutal crunch” for AI chips and their “eye-watering” costs. OpenAI taps the powerful cloud of Microsoft, its primary investor, but has regularly shut off access to features of ChatGPT due to hardware constraints. According to a blog post about a closed door meeting he held with developers, Altman has said the pace of AI progress may be dependent on new chip designs and supply chains.
Rain touted its progress to potential investors earlier this year, projecting that as soon as this month it could “tape out” a test chip, a standard milestone in chip development referring to a design ready for fabrication. But the startup also has recently reshuffled its leadership and investors after reportedly an interagency US government body that polices investments for national security risks mandated Saudi Arabia-affiliated fund Prosperity7 Ventures to sell its stake in the company. The fund led a $25 million fundraise announced by Rain in early 2022.
The forced removal of the fund, first reported by
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Bloomberg Thursday and described in the documents seen by WIRED, could add to Rain’s challenges of bringing a novel chip technology to market, potentially delaying the day OpenAI can make good on its $51 million advance order. Silicon Valley-based Grep VC acquired the shares; it and the Saudi fund did not respond to requests for comment.
US concern about Prosperity7’s deal with Rain also raises questions about another effort by Altman to increase the world’s supply of AI chips. He’s talked to investors in the Middle East in recent months about raising money to start a new chip company to help OpenAI and others diversify beyond their current reliance on Nvidia GPUs and specialized chips from Google, Amazon, and a few smaller suppliers, according to two people seeking anonymity to discuss private talks.
Brain Trust
Rain, founded in 2017, has claimed that its brain- inspired NPUs will yield potentially 100 times more computing power and, for training, 10,000 times greater energy efficiency than GPUs, the graphics chips that are the workhorses for AI developers such as OpenAI and primarily sourced from Nvidia.
Altman led one of Rain’s seed financings in 2018, the company has said, the year before OpenAI agreed to spend $51 million on its chips. Rain now has about 40 employees, including experts in both development of AI algorithms and traditional chip design, according the disclosures.
The startup appears to have quietly changed its CEO this year and now lists founding CEO Gordon Wilson as executive advisor on its website, with former white-shoe law firm attorney William Passo gaining a promotion to CEO from COO.
Wilson confirmed his exit in a LinkedIn post Thursday, but did not provide a reason. “Rain is poised to build a product that will define new AI chip markets and massively disrupt existing ones,” he wrote. “Moving forward I will continue to help Rain in every way I can.” Over 400 LinkedIn users including some whose profiles say they are Rain employees commented on Wilson's post or reacted to it with heart or thumbs up emojis—Passo wasn't
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among them. Wilson declined to comment for this story.
The company will search for an industry veteran to permanently replace Wilson, according to an October note to investors seen by WIRED.
Rain’s initial chips are based on the RISC-V open- source architecture endorsed by Google, Qualcomm, and other tech companies and aimed at what the tech industry calls edge devices, located far from data centers, such as phones, drones, cars, and robots. Rain aims to provide a chip capable of both training machine algorithms and running them once they’re ready for deployment. Most edge chip designs today, like those found in smartphones, focus on the latter, known as inference. How OpenAI would use Rain chips could not be learned.
Rain at one point has claimed to investors that it has held advanced talks to sell systems to Google, Oracle, Meta, Microsoft, and Amazon. Microsoft declined to comment, and the other companies did not respond to requests for comment.
Security Fears
The funding round led by Prosperity7 announced last year brought Rain’s total funding to $33 million as of April 2022. That was enough to operate through early 2025 and valued the company at $90 million excluding the new cash raised, according to the disclosures to investors. The documents cited Altman’s personal investment and Rain’s letter of intent with OpenAI as reasons to back the company.
In a Rain press release for the fundraise last year, Altman applauded the startup for taping out a prototype in 2021 and said it “could vastly reduce the costs of creating powerful AI models and will hopefully one day help to enable true artificial general intelligence.”
Prosperity7’s investment in Rain drew the interest of the interagency Committee on Foreign Investment in the United States, which has the power to scuttle deals deemed to threaten national security.
CFIUS, as the committee is known, has long been concerned about China gaining access to advanced US semiconductors, and has grown increasingly worried about China using intermediaries in the
Middle East to quietly learn more about critical technology, says Nevena Simidjiyska, a partner at the law firm Fox Rothschild who helps clients with CFIUS reviews. “The government doesn’t care about the money,” she says. “It cares about access and control and the power of the foreign party.”
Rain received a small seed investment from the venture unit of Chinese search engine Baidu apparently without problems but the larger Saudi investment attracted significant concerns. Prosperity7, a unit of Aramco Ventures, which is part of state-owned Saudi Aramco, possibly could have let the oil giant and other large companies in the Middle East to become customers but also put Rain into close contact with the Saudi government.
Science
Your weekly roundup of the best stories on health care, the climate crisis, genetic engineering, robotics, space, and more. Delivered on Wednesdays.
Your email
Enter your email SUBMIT
By signing up you agree to our User Agreement (including the class action waiver and arbitration provisions), our Privacy Policy & Cookie Statement and to receive marketing and account-related emails from WIRED. You can unsubscribe at any time. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Megan Apper, a spokesperson for CFIUS, says the panel is “committed to taking all necessary actions within its authority to safeguard U.S. national security” but that “consistent with law and practice, CFIUS does not publicly comment on transactions that it may or may not be reviewing.”
Data disclosed by CFIUS shows it reviews hundreds of deals annually and in the few cases where it has concerns typically works out safeguards, such as barring a foreign investor from taking a board seat. It couldn’t be learned why the committee required full divestment from Rain.
Three attorneys who regularly work on sensitive deals say they could not recall any previous Saudi Arabian deals fully blocked by CFIUS. “Divestment itself has been quite rare over the past 20 years and has largely been a remedy reserved for Chinese investors,” says Luciano Racco, cochair of the international trade and national security practice at law firm Foley Hoag.
OpenAI likely needs to find partners with deep- pocketed backers if it is to gain some control over its hardware needs. Competitors Amazon and Google have spent years developing their own custom chips for AI projects and can fund them with revenue from their lucrative core businesses. Altman has refused to rule out OpenAI making its own chips, but that too would require significant funding.
Altman was ousted by OpenAI’s
Nearly all of OpenAI’s 770
Microsoft’s Satya Nadella is
to Ex-Twitch Boss
the Door
and Beyond
board on Friday but by Sunday was back in the building to negotiate a return. The board chose ex-Twitch CEO Emmett Shear as interim CEO instead.
PARESH DAVE
How OpenAI’s Bizarre Structure Gave 4 People the
employees have now joined a letter threatening to quit in protest over the board’s decision to fire CEO Sam Altman. They’re demanding he be reinstated.
WILL KNIGHT
Amazon’s Answer to ChatGPT Is a Workplace
reportedly “furious” following Altman's dramatic departure from OpenAI Friday. Meanwhile, OpenAI’s president and three senior researchers have resigned.
WILL KNIGHT
The Mystery at the Heart of the OpenAI Chaos
Paresh Dave is a senior writer for WIRED, covering the inner workings of big tech companies. He writes about how apps and gadgets are built and about their impacts, while giving voice to the stories of the underappreciated and disadvantaged. He was previously a reporter for Reuters and the Los Angeles Times,... Read
Is this a foe or a friend with possible a link back to our future incomes?
OpenAI Agreed to Buy $51 Million of AI Chips
From a Startup Backed by CEO Sam Altman
Documents show that OpenAI signed a letter of intent to spend $51 million on brain-inspired chips developed by startup Rain. OpenAI CEO Sam Altman previously made a personal investment in Rain.
SamAltman PHOTO-ILLUSTRATION: WIRED STAFF; GETTY IMAGES
Sam Altman was reinstated soon after being fired as OpenAI CEO last month, but still stood to gain had the company continued to develop ChatGPT without him. During Altman’s tenure as CEO, OpenAI signed a letter of intent to spend $51 million on AI chips from a startup called Rain AI into which he has also invested personally.
Rain is based less than a mile from OpenAI’s headquarters in San Francisco and is working on a chip it calls a neuromorphic processing unit, or NPU, designed to replicate features of the human brain.
FEATURED VIDEO
MOST POPULAR
OpenAI in 2019 signed a nonbinding agreement to spend $51 million on the chips when they became available, according to a copy of the deal and Rain disclosures to investors this year seen by WIRED. Rain told investors Altman had personally invested more than $1 million into the company. The letter of intent has not been previously reported.
The investor documents said that Rain could get its first hardware to customers as early as October next year. OpenAI and Rain declined to comment.
OpenAI’s letter of intent with Rain shows how Altman’s web of personal investments can entangle with his duties as OpenAI CEO. His prior position leading startup incubator Y Combinator helped Altman become one of Silicon Valley’s most prominent dealmakers, investing in dozens of startups and acting as a broker between entrepreneurs and the world’s biggest companies. But the distraction and intermingling of his myriad pursuits played some role in his recent firing by OpenAI’s board for uncandid communications, according to people involved in the situation but not authorized to discuss it.
The Rain deal also underscores OpenAI’s willingness to spend large sums to secure supplies of chips needed to underpin pioneering AI projects. Altman has complained publicly of a “brutal crunch” for AI chips and their “eye-watering” costs. OpenAI taps the powerful cloud of Microsoft, its primary investor, but has regularly shut off access to features of ChatGPT due to hardware constraints. According to a blog post about a closed door meeting he held with developers, Altman has said the pace of AI progress may be dependent on new chip designs and supply chains.
Rain touted its progress to potential investors earlier this year, projecting that as soon as this month it could “tape out” a test chip, a standard milestone in chip development referring to a design ready for fabrication. But the startup also has recently reshuffled its leadership and investors after reportedly an interagency US government body that polices investments for national security risks mandated Saudi Arabia-affiliated fund Prosperity7 Ventures to sell its stake in the company. The fund led a $25 million fundraise announced by Rain in early 2022.
The forced removal of the fund, first reported by
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Bloomberg Thursday and described in the documents seen by WIRED, could add to Rain’s challenges of bringing a novel chip technology to market, potentially delaying the day OpenAI can make good on its $51 million advance order. Silicon Valley-based Grep VC acquired the shares; it and the Saudi fund did not respond to requests for comment.
US concern about Prosperity7’s deal with Rain also raises questions about another effort by Altman to increase the world’s supply of AI chips. He’s talked to investors in the Middle East in recent months about raising money to start a new chip company to help OpenAI and others diversify beyond their current reliance on Nvidia GPUs and specialized chips from Google, Amazon, and a few smaller suppliers, according to two people seeking anonymity to discuss private talks.
Brain Trust
Rain, founded in 2017, has claimed that its brain- inspired NPUs will yield potentially 100 times more computing power and, for training, 10,000 times greater energy efficiency than GPUs, the graphics chips that are the workhorses for AI developers such as OpenAI and primarily sourced from Nvidia.
Altman led one of Rain’s seed financings in 2018, the company has said, the year before OpenAI agreed to spend $51 million on its chips. Rain now has about 40 employees, including experts in both development of AI algorithms and traditional chip design, according the disclosures.
The startup appears to have quietly changed its CEO this year and now lists founding CEO Gordon Wilson as executive advisor on its website, with former white-shoe law firm attorney William Passo gaining a promotion to CEO from COO.
Wilson confirmed his exit in a LinkedIn post Thursday, but did not provide a reason. “Rain is poised to build a product that will define new AI chip markets and massively disrupt existing ones,” he wrote. “Moving forward I will continue to help Rain in every way I can.” Over 400 LinkedIn users including some whose profiles say they are Rain employees commented on Wilson's post or reacted to it with heart or thumbs up emojis—Passo wasn't
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among them. Wilson declined to comment for this story.
The company will search for an industry veteran to permanently replace Wilson, according to an October note to investors seen by WIRED.
Rain’s initial chips are based on the RISC-V open- source architecture endorsed by Google, Qualcomm, and other tech companies and aimed at what the tech industry calls edge devices, located far from data centers, such as phones, drones, cars, and robots. Rain aims to provide a chip capable of both training machine algorithms and running them once they’re ready for deployment. Most edge chip designs today, like those found in smartphones, focus on the latter, known as inference. How OpenAI would use Rain chips could not be learned.
Rain at one point has claimed to investors that it has held advanced talks to sell systems to Google, Oracle, Meta, Microsoft, and Amazon. Microsoft declined to comment, and the other companies did not respond to requests for comment.
Security Fears
The funding round led by Prosperity7 announced last year brought Rain’s total funding to $33 million as of April 2022. That was enough to operate through early 2025 and valued the company at $90 million excluding the new cash raised, according to the disclosures to investors. The documents cited Altman’s personal investment and Rain’s letter of intent with OpenAI as reasons to back the company.
In a Rain press release for the fundraise last year, Altman applauded the startup for taping out a prototype in 2021 and said it “could vastly reduce the costs of creating powerful AI models and will hopefully one day help to enable true artificial general intelligence.”
Prosperity7’s investment in Rain drew the interest of the interagency Committee on Foreign Investment in the United States, which has the power to scuttle deals deemed to threaten national security.
CFIUS, as the committee is known, has long been concerned about China gaining access to advanced US semiconductors, and has grown increasingly worried about China using intermediaries in the
Middle East to quietly learn more about critical technology, says Nevena Simidjiyska, a partner at the law firm Fox Rothschild who helps clients with CFIUS reviews. “The government doesn’t care about the money,” she says. “It cares about access and control and the power of the foreign party.”
Rain received a small seed investment from the venture unit of Chinese search engine Baidu apparently without problems but the larger Saudi investment attracted significant concerns. Prosperity7, a unit of Aramco Ventures, which is part of state-owned Saudi Aramco, possibly could have let the oil giant and other large companies in the Middle East to become customers but also put Rain into close contact with the Saudi government.
Science
Your weekly roundup of the best stories on health care, the climate crisis, genetic engineering, robotics, space, and more. Delivered on Wednesdays.
Your email
Enter your email SUBMIT
By signing up you agree to our User Agreement (including the class action waiver and arbitration provisions), our Privacy Policy & Cookie Statement and to receive marketing and account-related emails from WIRED. You can unsubscribe at any time. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Megan Apper, a spokesperson for CFIUS, says the panel is “committed to taking all necessary actions within its authority to safeguard U.S. national security” but that “consistent with law and practice, CFIUS does not publicly comment on transactions that it may or may not be reviewing.”
Data disclosed by CFIUS shows it reviews hundreds of deals annually and in the few cases where it has concerns typically works out safeguards, such as barring a foreign investor from taking a board seat. It couldn’t be learned why the committee required full divestment from Rain.
Three attorneys who regularly work on sensitive deals say they could not recall any previous Saudi Arabian deals fully blocked by CFIUS. “Divestment itself has been quite rare over the past 20 years and has largely been a remedy reserved for Chinese investors,” says Luciano Racco, cochair of the international trade and national security practice at law firm Foley Hoag.
OpenAI likely needs to find partners with deep- pocketed backers if it is to gain some control over its hardware needs. Competitors Amazon and Google have spent years developing their own custom chips for AI projects and can fund them with revenue from their lucrative core businesses. Altman has refused to rule out OpenAI making its own chips, but that too would require significant funding.
Altman was ousted by OpenAI’s
Nearly all of OpenAI’s 770
Microsoft’s Satya Nadella is
to Ex-Twitch Boss
the Door
and Beyond
board on Friday but by Sunday was back in the building to negotiate a return. The board chose ex-Twitch CEO Emmett Shear as interim CEO instead.
PARESH DAVE
How OpenAI’s Bizarre Structure Gave 4 People the
employees have now joined a letter threatening to quit in protest over the board’s decision to fire CEO Sam Altman. They’re demanding he be reinstated.
WILL KNIGHT
Amazon’s Answer to ChatGPT Is a Workplace
reportedly “furious” following Altman's dramatic departure from OpenAI Friday. Meanwhile, OpenAI’s president and three senior researchers have resigned.
WILL KNIGHT
The Mystery at the Heart of the OpenAI Chaos
Paresh Dave is a senior writer for WIRED, covering the inner workings of big tech companies. He writes about how apps and gadgets are built and about their impacts, while giving voice to the stories of the underappreciated and disadvantaged. He was previously a reporter for Reuters and the Los Angeles Times,... Read
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