Following his surprise firing on Friday, former OpenAI CEO Sam Altman might not be as out of a job as we initially thought he was, according to new word from The Verge on Saturday. Reportedly, sources close to Altman say that the board itself, in a stunning reversal, have “agreed in principal” to resign while reinstating him to his former position. However, the board has since reportedly missed a 5pm PT deadline regarding the decision. Shortly…"OpenAI reportedly considering reinstating freshly-ousted CEO Sam Altman"
The past few years have seen a number of business leaders talk about blending hydrogen into natural gas infrastructure. Nicolas Economou | Nurphoto | Getty Images A host of solutions — including blending hydrogen into natural gas infrastructure — will be needed to meet decarbonization goals, according to the CEO of Italgas. “Recently, there has been a little bit of change in the view of the future of the energy transition,” Paolo Gallo told…"CEO on why natural gas infrastructure must be ready for clean hydrogen"
While on a tour to woo UK lawmakers ahead of the adoption of the Digital Markets, Competition and Consumers Bill, Daniel Ek has taken a swing at big tech’s dominance. The Spotify CEO urged the UK to “show leadership” as it prepared to regulate big tech according to its own agenda outside of the EU. However, it is unclear just exactly how much further he expects it to go compared to the bloc’s Digital Markets…"Spotify ‘unfairly held back’ by Google and Apple, CEO says"
The commercialization of the cannabis market has resulted in its transformation from a movement to an industry. This shift brings added responsibilities, particularly in the area of social equity. As a regulated industry, the cannabis market bears a significant burden to prioritize and advance fairness and justice. The marijuana industry in the US, both medical and recreational, is thriving nationwide. With legalization in various states, business owners are eager to establish cultivation sites, produce…"Why Did the Rich, White CEO of Curaleaf Say Social Equity Programs Go Too Far? And Is He Right?"
Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see them cut costs to weather a global economic downturn. Swedish fintech firm Klarna was among the first major employers in tech to…"Wefox CEO ‘disgusted’ by mass tech layoffs: ‘These are humans’"
Meta is reportedly investigating whether Sheryl Sandberg broke company rules in her dealings with a publication that was reporting on Activision CEO Bobby Kotick, who she was dating at the time. According to a new report in The Wall Street Journal, the Meta COO used company resources to help kill negative reporting about Kotick. Meta is now reportedly conducting a “review” of her actions and “whether she violated the company’s rules.” According to the report,…"Sheryl Sandberg reportedly used Facebook resources to help embattled Activision CEO"
The CEO of Goldman Sachs, David Solomon, is set to perform at the Lollapalooza music festival in Chicago this year. He’ll be performing alongside headliners Dua Lipa, Metallica, J. Cole and Green Day. The set list for Lollapalooza was announced on Tuesday and Solomon’s name can be seen in the fourth row from the bottom. Solomon has been a DJ since 2015 and even founded his own record label, Payback Records, in 2018. Coincidentally, 2018…"Goldman Sachs CEO moonlights as DJ, on set list for Lollapalooza – National"