Kevin Scott News

New York Times, the CEOs include Meta chief Mark Zuckerberg and Dropbox’s Drew Houston. “Sam is out," was the first text on the WhatsApp group immediately after the sacking on OpenAI chief was announced. What followed was a long round of deliberations which included top leadership of Microsoft like CEO Satya Nadella and CTO Kevin Scott.

Is Generative AI worth the money? Tech leaders like Microsoft chief technology officer Kevin Scott says costs will come down and capabilities improve, but as Wall Street heads toward correction territory— Nvidia and Microsoft, two stocks that have ridden the AI wave, are down more than 15% and 8% respectively since 10 July—enterprises are grappling with a deeper problem: How do they put AI to use and measure the return on that investment? Confusion over the answer has led to discomfort, sparked by bearish reports from Goldman Sachs and Sequoia Capital questioning whether GenAI will make as much money as the market seems to think. AI capital expenditure will reach between $600 billion and $1 trillion in the coming years, the reports estimate, and spending on infotech will rise 8% this year, according to Gartner. If investors are taking a breather, that’s good.

Technologists have been doing it. Jamie Dimon just did it in his latest letter to shareholders. I’m referring to the way people are comparing the transformational impact of artificial intelligence (AI) to that of the steam engine.

The New Yorker shares elaborate details on the whole backchannel saga that led to Sam Altman's exit and then his comeback. OpenAI has been one of the most crucial investments for Microsoft for its artificial intelligence ambitions and over the years the tech giant has raised its stake in OpenAI.

The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry

OpenAI’s decision to fire CEO Sam Altman may have put the company’s future in jeopardy.