Daily Newsletter

21 November 2023

Daily Newsletter

21 November 2023

Google-backed Anthropic’s CEO declines OpenAI’s offer for merger

Since former CEO Sam Altman’s shock departure from OpenAI, almost all of the company’s 700 employees have threatened to quit.

Kurt Robson November 21 2023

OpenAI’s board of directors reportedly approached rival Anthropic’s CEO about merging the two startups and replacing former CEO Sam Altman, according to Reuters who cited two people briefed on the matter. 

Dario Amodei, the CEO of Anthropic and former OpenAI executive, declined both of the company’s advances, the sources said. 

The news comes after OpenAI’s board announced on Friday (17 November) that it was removing Altman from the company. 

OpenAI claimed Altman “was not consistently candid in his communications with the board”.

On Sunday, Twitch CEO Emmett Shear agreed to the OpenAI board’s offer to become interim chief executive. 

At the same time, Altman and other former OpenAI colleagues agreed to join Microsoft‘s new advanced artificial intelligence (AI) research team.

Since Altman’s departure from the company, almost all of the company’s 700 employees have threatened to quit, including an executive on the company’s dwindling four-person board.

The ChatGPT maker said it was in “intense discussions” to try and unify the company. 

Anna Makanju, vice president of global affairs at OpenAI, wrote in a memo to employees that management was in contact with Altman, Shear and the board “but they are not prepared to give us a final response this evening”.

The co-founders of Anthropic were former executives at OpenAI until 2020. They left the company three years ago after disagreeing on the safe development of AI. 

In October, Google agreed to invest up to $2bn in Anthropic.

Anthropic is the developer of Claude 2, a rival generative AI chatbot to OpenAI’s ChatGPT. It is currently being used by companies including Quora and Slack.

Anthropic was valued at $4.1bn in early 2023.

Generative AI is likely to pose a threat to every business across every sector in the coming years

The travel & tourism industry remain the biggest market spenders. The industry spend across the top ten European soccer leagues this season is worth $446.84 million, up by $136.47 million from the GlobalData report for the 2022-23 season. Gambling deals continue to be the most prominent in terms of deal volume. Portuguese betting brand Placard, hold the highest number of deals for any one given brand this season, with six deals. Italian Serie A has the highest number of new deals in the past 12 months.

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