Fidji Simo, one of OpenAI’s top executives, is stepping down. Simo, the company’s CEO of applications, wrote on X on Thursday that she has decided to leave her full-time role and become a part-time advisor. Simo went on medical leave three months ago. She said on Thursday that she would focus on recovery amid her…
Investors are just a few weeks removed from digesting the SpaceX (SPCX) initial public offering (IPO), but another big IPO is coming on Friday, July 10, in the form of South Korean memory semiconductor giant SK Hynix. To be clear, that chip stock already trades in its home country. Now it’s reportedly looking to raise…
(Bloomberg) — Russell Investments is being acquired by a group of investors led by the venture firm B Capital Group and California Public Employees’ Retirement System in a bid to ready the 90-year-old asset manager for the AI era. The consortium was organized by B Capital, which was co-founded by billionaire Eduardo Saverin and former…
Companies have spent decades organizing around the limits of human coordination. Departments, reporting lines and job titles exist because complexity had to be made manageable. Artificial intelligence agents are now challenging that architecture — not as tools that sit beneath the org chart, but as participants that some companies are placing directly on it. According…
Form 4 Appfolio Inc For: 9 July
EPF interest: The Employees Provident Fund (EPF) interest for FY26 is set to be credited this month by 15 July, calculated at the rate of 8.25% per annum. Notably, the interest rate per month works out to around 0.688% per month, according to a report by Clear Tax. Ahead of this, we take a look…
The Federal Reserve has announced the leaders of five task forces that will examine the Fed’s methods, analytical tools and policy approaches and provide “candid feedback” for the Federal Open Market Committee. Each task force will co-led by three external advisors, will operate independently and will be supported by Fed staff, the Federal Reserve said in a Thursday (July 9) press release. “The goal is…
A series of task forces designed to bring outside thinking to the Federal Reserve will include the “best minds,” Chairman Kevin Warsh said Thursday. For a task force that could be especially consequential for the Fed’s management of the economy — on artificial intelligence — those outside minds all seem to lean in the same…
Fidji Simo, chief executive officer of Instacart Inc., speaks during a Bloomberg Studio 1.0 interview in San Francisco, California, U.S., on Thursday, March 3, 2022. David Paul Morris | Bloomberg | Getty Images Fidji Simo, OpenAI’s product and business chief, on Thursday announced she is stepping down from her role at the artificial intelligence company to focus…
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