Hitachi Vantara`s FY2024 Sustainability Report details strides in energy efficiency, carbon reduction and eco-friendly business practices across its global operations. Read...

Simo will oversee business operations while Altman focuses on research and compute. Read...

Chief executive says owning and managing such a building is not `core business`. Read...

Nelson Tasman is a creative, well-connected area to grow your business and enjoy your down time. Read...

According to CNN, it’s now clear that Microsoft co-founder Bill Gates will donate an additional $100 billion to the Gates Foundation, which is now celebrating its 25th anniversary. Bill Gates intends to donate most of his fortune to the Gates Foundation in the coming years, with the explicit goal of not wanting to die a rich man. “People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” said Gates. “There are too many urgent problems to solve for me to hold onto resources that could be used to help people.” The plan is to distribute up to 99% of his total net worth by December 31st, 2045, which is when the Gates Foundation will be closed down. The total amount given away through the Foundation is expected to be around $200 billion over the next 20 years when you include his personal wealth, the Foundation’s existing endowment, and earnings from ongoing business investments. That money will be spent on various charitable projects around the world. On Bloomberg’s list of the world’s richest billionaires, Bill Gates currently ranks in 5th place with an estimated net worth of $108 billion. Read...

They claim the posts threaten their family and are harmful to their business. Read...

Over 60% of 500 global business leaders are investing in or exploring quantum AI, citing promise in data analytics amidst cost and knowledge barriers. Read...

The expat Kiwi was offered a business premium seat from New York. Read...

Reuben Davidson criticises funding cuts in science and innovation. Read...

OpenAI, the company that develops ChatGPT, has decided to cancel its plans to transform the organization into a for-profit company. Instead, the non-profit organization that founded OpenAI will continue to run the business as before. The for-profit plans, announced in December 2024, were justified at the time by a need to secure sufficient capital to keep developing expensive artificial general intelligence (AGI). Now, instead of a full conversion to a for-profit company, OpenAI’s for-profit LLC will be transformed into a Public Benefit Corporation (PBC), which is a type of US company that’s beholden to both its shareholders and its purpose-driven mission. The existing OpenAI non-profit organization will retain control of the PBC and become one of its largest shareholders. OpenAI says the decision was made after listening to community leaders and engaging in constructive dialogue with the Attorneys General of the states of Delaware and California. Founded in 2015 as a non-profit organization, OpenAI has been the subject of widespread criticism for wanting to transition to a for-profit structure. Critics include co-founder Elon Musk—who has sued OpenAI for abandoning its original mission to develop AI for the benefit of humanity—as well as former employees, other non-profit organizations, Nobel laureates, and law professors. According to TechCrunch, OpenAI reportedly needed to complete its for-profit transformation before the end of this or next year in order to not risk losing some of its recently raised capital. It’s still unclear what—if any—the consequences might be with OpenAI backing out of those plans. Further reading: OpenAI’s newest AI models hallucinate way more Read...