Hints and tips:
...One internal email said Glen had told civil servants to use Hammond as an intermediary for Dmitry Tokarev, the CEO of Copper....
...The phone call between Hammond and Glen occurred after the end of a usual two-year ban on lobbying government imposed on ministers when they leave office....
...Additional reporting by George Hammond...
...Companies with RSUs due to vest have “realised they have to help the employees out,” said Glen Kernick, Silicon Valley leader at valuations provider Kroll....
...Recent progress in generative AI, he added, was “incredibly impressive and well beyond where we estimated we’d be today” but “life and death decisions make it very difficult to delegate to a system that...
...Madhumita Murgia And his point was, there’s this kind of tension where, you know, they could easily build a profitable business, stop putting so much money into R&D and just improve their primary product...
...A member of the previous board, Quora chief executive Adam D’Angelo, also remains in place. More board members will be appointed, according to Taylor....
...“A lot of people have raised their hands and said we’d like a part of this business, but nobody has put a flag in the ground and said we’re going to become the next SVB,” Spreng said....
...So you’d say this is more of a marketplace where you have to know someone, right? It’s not like the public markets where I can just download Robinhood and invest in something now....
...“They have a typical start-up identity crisis happening: on one hand they could build a profitable business, wind down their R&D costs and make improvements to their product....
...That left just one director from the initial six-person board: Adam D’Angelo, the chief executive of question-and-answer service Quora....
...D’Angelo has expressed concerns in the past about the dangers of new technologies....
...“I’d hope that investors would be pushing back on funds trying to raise at the same level as 2021 or 2020.” “The bar is higher for every institutional investor today,” they added....
...Only D’Angelo, Quora’s chief executive, remained from the old board. Altman, however, would not get a seat as a director....
...OpenAI announced on Tuesday that D’Angelo, Taylor of Salesforce and former US Treasury secretary Larry Summers would comprise the new board....
...Three directors lost their positions when Altman returned, but D’Angelo remained on the new board, overseeing the transition....
...George Hammond is the FT’s venture capital correspondent Find out about our latest stories first — follow @FTWeekend on X and Instagram, and subscribe to our podcast Life and Art wherever you listen...
...OpenAI’s board of directors include Sutskever; Quora chief executive Adam D’Angelo; technology entrepreneur Tasha McCauley; and Helen Toner from the Georgetown Center for Security and Emerging Technology...
...That left three directors opposed to Altman’s return: Adam D’Angelo, chief executive of question-and-answer service Quora; technology entrepreneur Tasha McCauley; and Helen Toner from the Center for Security...
...The board includes OpenAI chief scientist Ilya Sutskever along with independent directors Adam D’Angelo, the chief executive of Quora; technology entrepreneur Tasha McCauley; and Helen Toner from the Georgetown...
...Aside from Sutskever, OpenAI’s directors are Adam D’Angelo, chief executive of question-and-answer service Quora; technology entrepreneur Tasha McCauley; and Helen Toner from the Center for Security and...
...Alongside Sutskever on the board are independent directors Adam D’Angelo, the chief executive of Quora; technology entrepreneur Tasha McCauley; and Helen Toner from Georgetown’s Center for Security and Emerging...
...The other remaining directors are Adam D’Angelo, the chief executive of Quora; technology entrepreneur Tasha McCauley; and Helen Toner from the Center for Security and Emerging Technology....
...“Last week I was in Paris seeing products in stores that we’d made over here. It was a moment for all of us because everyone at the mill has a part in that.”...
...One, Adam D’Angelo, co-founder of Quora and a former Facebook executive, was minor royalty in the Valley....
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