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Ulta Beauty earnings beat by $0.62, revenue topped estimatesA 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence "dictatorship" is now heading to a federal judge as Musk seeks to halt the ChatGPT maker's ongoing shift into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good rather than pursuing profits. Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. The world's richest man, whose companies include Tesla, SpaceX and social media platform X, last year started his own rival AI company, xAI. Musk says it faces unfair competition from OpenAI and its close business partner Microsoft, which has supplied the huge computing resources needed to build AI systems such as ChatGPT. “OpenAI and Microsoft together exploiting Musk’s donations so they can build a for-profit monopoly, one now specifically targeting xAI, is just too much,” says Musk's filing that alleges the companies are violating the terms of Musk’s foundational contributions to the charity. OpenAI filed a response Friday opposing Musk’s requested order, saying it would “debilitate OpenAI’s business” and mission to the advantage of Musk and his own AI company and is based on “far-fetched” legal claims. A hearing is set for January before U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California. At the heart of the dispute is a 2017 internal power struggle at the fledgling startup that led to Altman becoming OpenAI's CEO. Musk also sought to be CEO and in an email outlined a plan where he would “unequivocally have initial control of the company” but said that would be temporary. He grew frustrated after two other OpenAI co-founders said he would hold too much power as a major shareholder and chief executive if the startup succeeded in its goal to achieve better-than-human AI known as artificial general intelligence , or AGI. Musk has long voiced concerns about how advanced forms of AI could threaten humanity. “The current structure provides you with a path where you end up with unilateral absolute control over the AGI," said a 2017 email to Musk from co-founders Ilya Sutskever and Greg Brockman. “You stated that you don't want to control the final AGI, but during this negotiation, you've shown to us that absolute control is extremely important to you.” In the same email, titled “Honest Thoughts,” Sutskever and Brockman also voiced concerns about Altman's desire to be CEO and whether he was motivated by “political goals.” Altman eventually succeeded in becoming CEO, and has remained so except for a period last year when he was fired and then reinstated days later after the board that ousted him was replaced. OpenAI published the messages Friday in a blog post meant to show its side of the story, particularly Musk's early support for the idea of making OpenAI a for-profit business so it could raise money for the hardware and computer power that AI needs. It was Musk, through his wealth manager Jared Birchall, who first registered “Open Artificial Intelligence Technologies, Inc.,” a public benefit corporation, in September 2017. Then came the “Honest Thoughts” email that Musk described as the “final straw.” “Either go do something on your own or continue with OpenAI as a nonprofit,” Musk wrote back. OpenAI said Musk later proposed merging the startup into Tesla before resigning as the co-chair of OpenAI's board in early 2018. Musk didn't respond to emailed requests for comment sent to his companies Friday. Asked about his frayed relationship with Musk at a New York Times conference last week, Altman said he felt “tremendously sad” but also characterized Musk’s legal fight as one about business competition. “He’s a competitor and we’re doing well,” Altman said. He also said at the conference that he is “not that worried” about the Tesla CEO’s influence with President-elect Donald Trump. OpenAI said Friday that Altman plans to make a $1 million personal donation to Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships with the incoming administration. —————————— The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives. This story has been updated to correct the name of the company registered in 2017. It was Open Artificial Intelligence Technologies, Inc., not Open Artificial Technologies Technologies, Inc.
Elephant Robotics to Exhibit at CES 2025: Featuring Cutting-Edge Innovative Robotics Solutions and AI Bionic Robots DebutMEMPHIS, Tenn.--(BUSINESS WIRE)--Dec 9, 2024-- Richard C. Shadyac Jr. will step down as President and Chief Executive Officer of ALSAC , the fundraising and awareness organization for St. Jude Children’s Research Hospital®, on March 1, 2025, the organization announced today. ALSAC Chief Operating Officer Ike Anand will assume the administrative leadership of the organization as Shadyac shifts his focus to donor, partner, and external relations during the transition. Anand will become interim CEO on March 1, upon Shadyac’s transition to an advisory role, as the ALSAC Board of Directors conducts a global search for a permanent CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241209287925/en/ Richard C. Shadyac Jr., President and Chief Executive Officer of ALSAC, the fundraising and awareness organization for St. Jude Children’s Research Hospital. (Photo: Business Wire) Under Shadyac’s leadership, American Lebanese Syrian Associated Charities (ALSAC) has become one of the most respected healthcare-focused nonprofits in the world, dedicated to supporting the St. Jude mission of advancing cures and treatments for pediatric catastrophic diseases. Shadyac has exercised a lifelong commitment to ALSAC and St. Jude Children’s Research Hospital. He started collecting coins for St. Jude as a young boy, advancing to Board Chair, and eventually becoming ALSAC President and CEO in September 2009. “We are grateful to Rick Shadyac for his selfless and tireless service to ALSAC and St. Jude. His direction has made it possible for St. Jude to deliver care and conduct vital research at a scale that was unimaginable 15 years ago and positions us well for the future,” said Frederick M. Azar, M.D., Chairman of the ALSAC Board of Directors. “ALSAC’s work ensures that we continue to seek advancements in medicine to find new ways to support children and families through some of the most challenging times of their lives.” Anand, along with the executive leadership team, will guide ALSAC until a permanent successor is named. A global executive search firm is working with the Board to identify and evaluate candidates to be the seventh CEO in ALSAC’s 67-year history. Anand joined ALSAC in 2020 as chief operating officer, and successfully led its digital transformation, including overseeing technology and digital platforms, donor services, and the overall operational foundation that enables ALSAC to achieve its short- and long-term strategic goals. He joined ALSAC after 15 years at Expedia Group where he served in a variety of global leadership roles. “An important part of leadership is knowing when to pass the torch, and I believe this is the moment for ALSAC,” Shadyac said. “We have a dedicated Board and an exceptionally strong leadership team that will sustain the momentum of everything we have accomplished over the last 15 years. It has been the joy of my professional life to serve our patients and families, St. Jude, and my colleagues at ALSAC. I am deeply proud of all that ALSAC has achieved – and what it will achieve in the years to come. I have confidence in ALSAC’s ability to continue delivering on the St. Jude mission, thanks to the employees, volunteers, donors, and partners who are the lifeblood of this organization.” Under Shadyac’s leadership, ALSAC has been recognized for innovation and strong financial stewardship. In 2023 and 2024, ALSAC’s work helped result in St. Jude Children’s Research Hospital becoming the most trusted brand among both for-profit and non-profit organizations, according to consumer surveys conducted by Morning Consult. ALSAC’s fundraising helped make possible St. Jude breakthroughs in pediatric critical research and care, treating children from all 50 states and more than 80 countries. Shadyac’s accomplishments earned him the King Legacy Award for Philanthropy and Global Health in 2022. Additional achievements include: “ ‘Those who work for the good are as those who do the good.’ That quote from our beloved founder Danny Thomas exemplifies the importance of the ALSAC organization to our mission of finding cures and saving children,” said Judy Habib, Chair of St. Jude Children’s Research Hospital Board of Governors. “Rick’s leadership over the last 15 years has fueled unprecedented progress at St. Jude and we will be eternally grateful.” St. Jude Children’s Research Hospital ® St. Jude Children’s Research Hospital is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Its purpose is clear: Finding cures. Saving children. ® It is the only National Cancer Institute-designated Comprehensive Cancer Center devoted solely to children. When St. Jude opened in 1962, childhood cancer was largely considered incurable. Since then, St. Jude has helped push the overall survival rate from 20% to more than 80%, and it won't stop until no child dies from cancer. St. Jude shares the breakthroughs it makes to help doctors and researchers at local hospitals and cancer centers around the world improve the quality of treatment and care for even more children. Because of generous donors, families never receive a bill from St. Jude for treatment, travel, housing or food, so they can focus on helping their child live. Visit St. Jude Inspire to discover powerful St. Jude stories of hope, strength, love and kindness. Support the St. Jude mission by donating at stjude.org , liking St. Jude on Facebook , following St. Jude on X , Instagram , LinkedIn and TikTok , and subscribing to its YouTube channel. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209287925/en/ CONTACT: Ruth Klamper ruth.klamper@alsac.stjude.org 901-232-2351 KEYWORD: TENNESSEE UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PHYSICAL THERAPY SURGERY FUND RAISING GENERAL HEALTH FOUNDATION PHILANTHROPY HOSPITALS SCIENCE FAMILY CONSUMER HEALTH OTHER PHILANTHROPY OTHER SCIENCE RESEARCH OTHER HEALTH CHILDREN ONCOLOGY SOURCE: St. Jude Children’s Research Hospital Copyright Business Wire 2024. PUB: 12/09/2024 02:59 PM/DISC: 12/09/2024 02:58 PM http://www.businesswire.com/news/home/20241209287925/en
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