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Amazon, eyeing up AI, adds Andrew Ng to its board; ex-MTV exec McGrath to step down

TechCrunch · 1y ago

Amazon, eyeing up AI, adds Andrew Ng to its board; ex-MTV exec McGrath to step down

Andrew Ng, a prominent figure in AI development, has joined the board of directors of Amazon. Meanwhile, Judy McGrath, who played a significant role in Amazon's entertainment strategy, will be stepping down. This move indicates Amazon's continued interest in AI technology and its commitment to staying at the forefront of the industry. Ng's expertise in academia, investing, and hands-on building will bolster Amazon's profile in the AI space, benefiting the company's thought leadership and innovation efforts. As AI continues to evolve, leading companies like Amazon are actively adapting and investing in this field.

Related News

Amazon adds AI expert Andrew Ng to board as GenAI race heats up

Economic Times

Economic Times · 1y ago

Amazon adds AI expert Andrew Ng to board as GenAI race heats up

Amazon has added Andrew Ng, the former head of AI projects at Google and Baidu, to its board as competition grows among tech giants in AI. Amazon's cloud unit is feeling pressure from Microsoft's early partnership with OpenAI and integration of AI technology into Azure. The appointment comes alongside job cuts at Amazon and CEO Andy Jassy's commitment to lower costs. Ng, an AI expert, is also an adjunct professor at Stanford University and runs AI venture studio and learning firms.

IPO-bound Gaja names ex-Sebi chief Sinha as non-exec chair

Livemint

Livemint · 26d ago

IPO-bound Gaja names ex-Sebi chief Sinha as non-exec chair

Gaja Capital Alternatives AMC, a homegrown private equity firm, is planning to raise ₹500 crore through an IPO, making it the first standalone private equity firm in India to list on exchanges. The firm has appointed former SEBI chief U.K. Sinha as non-executive chairman and restructured its board of directors in preparation for the IPO.

Good Glamm Group appoints ex-Estee Lauder exec as global president

YourStory

YourStory · 1y ago

Good Glamm Group appoints ex-Estee Lauder exec as global president

Lauren Bloomer has been appointed as the President-International of Good Glamm Group, a direct-to-consumer beauty and personal care conglomerate. She will also join the Board of Wyn Beauty by Serena Williams as the representative for Good Glamm Group. Bloomer previously served as CEO of Becca Cosmetics and held executive positions at Estee Lauder and Clinique. This appointment reinforces Good Glamm Group's plans for international growth and expansion. The company aims to achieve profitability and is preparing for an IPO by the end of October.

There’s going to be a movie about OpenAI CEO Sam Altman’s ouster (and subsequent rehire).

The Verge

The Verge · 1m ago

There’s going to be a movie about OpenAI CEO Sam Altman’s ouster (and subsequent rehire).

Amazon MGM Studios is reportedly planning a movie about OpenAI CEO Sam Altman’s temporary ouster in November 2023 and his subsequent rehire, which led to the departure of nearly all involved board members. Luca Guadagnino is in discussions to direct, and Andrew Garfield is in talks to play Altman. Filming may begin this summer, with locations in San Francisco and Italy.

Paytm Payments Bank announces board rejig

Livemint

Livemint · 1y ago

Paytm Payments Bank announces board rejig

Paytm Payments Bank Limited has reconstituted its board of directors following regulatory action from the Reserve Bank of India. The new board members, including former Central Bank of India Chairman Srinivasan Sridhar and retired IAS officer Rajni Sekhri Sibal, have been appointed as independent directors. Paytm founder Vijay Shekhar Sharma will step down as the non-executive chairman and board member to facilitate the transition. The new board is expected to enhance governance and operational standards as the payments bank plans to continue its operations despite RBI's directive to wind down.

Ex-Flipkart employees-founded Udaan's CTO, CBO to step down

Money Control

Money Control · 1y ago

Ex-Flipkart employees-founded Udaan's CTO, CBO to step down

Udaan, a B2B e-commerce platform established by former senior Flipkart executives Amod Malviya, Sujeet Kumar, and Vaibhav Gupta in 2016, has revealed that two senior executives will be departing. The Chief Technology Officer, Gaurav Bhalotia, has chosen to resign, while the Chief Business Officer of the Essentials division, Vivek Gupta, plans to step back from daily operations but will continue serving as an advisor to Udaan's board.

There’s going to be a movie about OpenAI CEO Sam Altman’s ouster (and subsequent rehire).

The Verge

The Verge · 1m ago

There’s going to be a movie about OpenAI CEO Sam Altman’s ouster (and subsequent rehire).

Amazon MGM Studios is producing a movie about OpenAI CEO Sam Altman's brief ousting and rehire in November 2023. Directed by Luca Guadagnino and potentially starring Andrew Garfield as Altman, the film will explore the dramatic series of events that led to Altman’s return and the subsequent departure of nearly all board members. Set to begin filming as early as summer, the production will take place in San Francisco and Italy.

Nestle nominates former Amazon exec Manish Tiwary as India MD

VCCircle

VCCircle · 9m ago

Nestle nominates former Amazon exec Manish Tiwary as India MD

- Nestle has nominated former Amazon India executive Manish Tiwary as the new managing director of its Indian unit. - The proposal is subject to board approval and, if approved, Tiwary will take over the position on August 1, 2025, after the retirement of current MD Suresh Narayanan. - Manish Tiwary recently resigned from his role at Amazon, where he headed the company's India operations. - Prior to his time at Amazon, Tiwary held various positions at Unilever's Indian and Gulf units. - Suresh Narayanan has been with Nestle for over 26 years and was appointed as the chairman of Nestle India in 2015. Before that, he held leadership roles in Nestle operations in the Phillipines, Egypt, and Singapore.

Samsung-backed startup's CEO Shoval refuses to quit after new CEO announced

Inshorts · 10m ago

Samsung-backed startup's CEO Shoval refuses to quit after new CEO announced

Nadav Shoval, the Founder of Samsung-backed billion-dollar tech company OpenWeb, refused to step down as CEO after Tim Harvey was announced as his successor. He wrote an email to the staff saying the board "falsely" said he was stepping down when it was not his intent. Meanwhile, Tim emailed the staff that CEO transition is in the process as planned.

Jeff Bezos taps Amazon veteran Dave Limp to speed up space company Blue Origin

Economic Times

Economic Times · 1y ago

Jeff Bezos taps Amazon veteran Dave Limp to speed up space company Blue Origin

Jeff Bezos has appointed Amazon veteran Dave Limp to accelerate the growth of his space company Blue Origin. Limp, who currently oversees Amazon's devices and services, will now take on the additional role of CEO of Blue Origin. The move comes as Bezos plans to step down as Amazon CEO to focus on other ventures, including Blue Origin's ambitious space exploration plans.

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