Bret Taylor: Last News

Sam Altman is returning to OpenAI as CEO with a new board, the tech startup said early Wednesday morning. The news comes less than a week after Altman was suddenly ousted last Friday. By Sunday evening, he had moved to Microsoft to help lead a new group researching artificial intelligence. 

OpenAI CEO Sam Altman, ousted four months ago from the company he co-founded, is now fully back in control. His return to its board of directors as part of a reshaped oversight team was announced on Friday.

Todd Spangler NY Digital Editor One week ago, OpenAI’s board fired CEO Sam Altman. Now, the pioneering artificial intelligence startup, which created buzzy AI chatbot ChatGPT, is bringing him back. “We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” the not-for-profit research company posted Friday night on X.

Elon Musk in a deal that values the company at $44 billion, the board announced Monday afternoon.«The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders,» Bret Taylor, the company's independent board chair, said in a statement.Musk, the CEO of Tesla and SpaceX, reiterated his plans to remake Twitter as a forum dedicated to promoting free speech.«Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,» he said in a statement.Musk also said he plans on «making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans» on the platform.It's the largest deal to take a company private in at least two decades, reported.The board voted unanimously in favor of the acquisition. The deal is expected to close this year, subject to the approval of Twitter's shareholders.The official acquisition caps off a drama worth of a soap opera between the famously mercurial Musk and one of the world's most prominent social networks.The billionaire disclosed earlier this month that he had become Twitter's largest shareholder, and soon after proposed to buy the company outright and take it private.

Taking over. Elon Musk reached a deal to buy Twitter for about $44 billion on Monday, April 25.

Todd Spangler NY Digital EditorElon Musk is poised to become the new owner of Twitter, after a fast flurry of negotiations left the company’s board with no choice but to accept the multibillionaire’s $44 billion takeover proposal.Under the terms of the deal, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Musk, who is CEO of Tesla and SpaceX, disclosed his approximately 9% stake in Twitter.Upon completion of the transaction, Twitter will become a privately held company.Musk said in a statemnet, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Mr.

Elon Musk has confirmed his interest in becoming the outright owner of Twitter and says he has submitted a bid to purchase the social media company. Musk says he feels he can unlock the "extraordinary potential" of Twitter, which he bought a 9.2% stake in just 10 days ago. Musk, the world's richest man through his business interests in Tesla and SpaceX, used Twitter to share a link to a regulatory filing on Thursday, confirming that he had launched a takeover bid.

Elon Musk has put in a huge offer to buy Twitter, due in part, because he believes the social media platform “needs to be transformed as a private company.”

Billionaire Elon Musk has offered to buy Twitter for about US$41 billion in cash, saying the social media company he has often criticized needs to go private to see effective changes.

Tech billionaire Elon Musk has made an offer to acquire Twitter for $54.20 a share – valuing the social media giant at $41.4BN.