The tender offer values the artificial intelligence startup at $86 billion, a price that makes OpenAI one of the most valuable startups in the world. Bloomberg previously reported the value and that Thrive Capital, the venture capital firm led by Josh Kushner, would lead the deal.
Companies have known for decades that productivity dips as employees look toward the weekend. But getting more out of Fridays has taken on greater importance after the pandemic. Work arrangements are in flux as managers try to stem declining engagement rates overall that one study estimated were costing the US economy $1.9 trillion last year.
“The fact that you’re calling it downsizing or an org change — which it very well probably is — doesn’t mean that workers are not going to feel something as a result of what you’re doing,” said Harvard Business School professor Sandra Sucher.
McKinsey, one of the world's largest consulting firms, warns 3,000 consultants of unsatisfactory performance. Proportion of 'concerns' ratings consistent with past years but affects more employees due to increased headcount. Consulting industry experiences job cuts as clients delay investments.
The California Civil Rights Department notified SpaceX of the claims in January, several months after a group of engineers filed complaints with the agency claiming they were fired for criticizing SpaceX and Musk in a letter to company executives, their lawyer Laurie Burgess said Tuesday.
Microsoft Chief Executive Officer Satya Nadella will address developers and technologists on “discovering new opportunities with AI” during a visit next week in Bangalore, the country's technology epicenter. He'll also speak to industry leaders in Mumbai about the opportunities and challenges with next-generation AI. Separately, Google’s chief scientist Jeff Dean will speak on AI’s next frontier with researchers, developers and startups in Bangalore and then participate in a fireside chat about India's role in enabling AI to drive massive societal impact.
The employee departures at the company known for its videoconferencing software amount to less than 2% of its workforce, according to a person familiar with the matter. The reductions are not companywide and Zoom will continue to add people in 2024 in areas such as artificial intelligence, sales and engineering, said the person, who asked not to be identified discussing internal company strategy.
Businesses are now scrambling to appoint AI leaders, with some metaverse executives reinventing themselves as AI experts. Compensation packages for AI leaders average above $1 million. Most companies have moved on from the metaverse trend, focusing instead on AI. The fickle nature of technology trends is evident in the shifting focus from metaverse to AI.
“I’m absolutely convinced that investments in ‘new work’ pay off because they increase well-being and motivation, subsequently increasing efficiency,” said Sören Fricke, co-founder of event planner Solidsense, one of 45 companies taking part in the pilot. “The four-day week, if it works, won’t cost us anything either in the long run.”
The lab is adopting a new structure that’ll enable its projects to more easily spin out of X as independent startups with support from Alphabet and outside backers, according to one of the people and an email to staff obtained by Bloomberg.
“I have heard those outside our company wondering if we’ve lost a step. I view it as quite the opposite,” Calhoun wrote in a company memo, going on to tout the “rigor around our quality processes” at the US aircraft manufacturer. “I am proud of the team, and confident we’ll look back on this time period as when we took the necessary steps that set Boeing on the right course for the future.”
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