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News on Medial
Vinod Khosla cites Tata Trust example, says nothing wrong with OpenAI's governance structure
Economic Times
·
1y ago
Medial
Indian-American billionaire and venture capitalist Vinod Khosla has defended the governance structure of OpenAI, stating that there is "nothing wrong" with it. Khosla's response comes after the AI startup reinstated its co-founder and CEO, Sam Altman, following his dismissal. Khosla compared OpenAI's structure to that of European companies and cited examples of similar relationships between for-profits and non-profits. He also highlighted how Tata Trusts in India follow a similar governance model. Khosla's firm, Khosla Ventures, is one of the primary investors in OpenAI.
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How Tata Trusts are navigating life after Ratan Tata
Livemint
·
9m ago
Medial
Sir Ratan Tata Trust and Sir Dorabji Tata Trust, which together own over half of the shares of Tata Sons, have made their trustees permanent members. This decision ends the previous practice of appointing them for fixed terms. In addition, naming of Noel Tata as the third executive on the board of Tata Sons was approved. The board's resolution is expected to be approved at the next meeting of Tata Sons. This move marks a significant change in the governance structure of the Tata Group conglomerate.
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'Please forgive me': Why Elon Musk 'apologised' to Indian-American billionaire Vinod Khosla
Money Control
·
10m ago
Medial
Elon Musk and Vinod Khosla, two tech billionaires, have been engaging in a public feud for months. The latest round of their battle involved Musk accusing Khosla of restricting public access to a beach in California. Musk shared an altered image of a beach sign that supposedly stated "No plebs allowed" and claimed it was put up by Khosla. Khosla denied these allegations and called for an apology, stating that he never put up such a sign. This clash is just one example of their ongoing disputes over various topics, including politics and immigration.
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OpenAI investor Vinod Khosla says people should worry more about China than a sentient AI killing us off
Business Insider
·
1y ago
Medial
Billionaire Vinod Khosla believes that the biggest threat to humanity is not sentient AI, but rather China. Khosla, an investor in OpenAI, stated that the focus on risks associated with sentient AI is misplaced and not worth discussing. He has previously cautioned against overestimating the risks posed by AI and emphasized the benefits it brings to humanity. Khosla's views differ from those of Elon Musk, who has expressed concerns about the potential dangers of AI.
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Silicon Valley moguls are weighing in on Elon Musk's battle with OpenAI and it's getting cattier than a 'Real Housewives' reunion
Business Insider
·
1y ago
Medial
Elon Musk sued OpenAI and its CEO, Sam Altman, accusing them of violating their nonprofit mission by partnering with Microsoft. This move didn't sit well with OpenAI's backer, Vinod Khosla, who criticized Musk for not staying committed and engaging in a rival effort. Venture capitalist Marc Andreessen also took shots at Khosla, accusing him of lobbying to ban open source. Musk has been critical of Altman's leadership and stated that OpenAI has deviated from its original purpose of being an open-source, nonprofit company. Altman and his team believe Musk's grievances stem from regrets about not being involved with the company.
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Elon Musk can’t sue his way to AI breakthroughs, Vinod Khosla says
Economic Times
·
1y ago
Medial
Elon Musk's attempt to sue OpenAI for straying from its original mission and becoming influenced by its largest investor, Microsoft, is unlikely to succeed, according to fellow billionaire and OpenAI investor Vinod Khosla. Khosla stated in an interview that he is not concerned about Microsoft's stake in the company and believes that the US should focus on developing AI rapidly, as it is a competitive field. He argues that AI should not be open-sourced and calls for tighter control similar to that of nuclear technology for national security reasons.
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An OpenAI investor says TikTok is China's 'programmable fentanyl,' a CCP-controlled tool used to manipulate US citizens
Business Insider
·
1y ago
Medial
Billionaire and OpenAI backer Vinod Khosla expressed his support for the forced divestiture of TikTok from its Chinese parent company, ByteDance. In an op-ed for the Financial Times, Khosla argued that TikTok could be weaponized by a foreign adversary and accused China of perpetuating double standards. Khosla believes that preventing a foreign adversary from controlling a platform like TikTok is crucial for national security. He compared TikTok to a "subversion weapon" controlled by the Chinese Communist Party and urged for similar national security concerns as those surrounding Huawei routers. Roughly 60% of Americans view TikTok as a threat to national security, according to a survey by the Pew Research Center.
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Tata Sons plans trust for families of Air India plane crash victims with an outlay of ₹500 cr
Economic Times
·
1m ago
Medial
Tata Sons plans to establish a trust with a proposed allocation of Rs 500 crore to support families of victims from the June 12 Air India crash in Ahmedabad. This initiative, led by Tata Motors' CFO PB Balaji, aims to provide long-term financial assistance, including compensation, medical care, and educational support for victims. The trust will ensure proper governance and compliance, engaging individuals from outside the Tata Group, and echoes Tata’s previous responses to crises.
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Zetwerk Eyes $20-30 Million Fundraise Ahead of IPO
OutlookIndia
·
6m ago
Medial
Zetwerk, a B2B manufacturing unicorn, plans to raise $20-30 million ahead of its 2025 IPO at a $3.1 billion valuation. Previously, it raised about $67 million from investors such as Khosla Ventures and The Chinkerpoo Family Trust, totaling $740 million in funding. This move aims to strengthen its capital structure before listing on Indian stock exchanges. The company achieved a 25% increase in operating revenue and significant orders from industry giants.
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OpenAi's bizzare structure that allowed 4 people to fire Sama
Wired
·
1y ago
Medial
There was a recent upheaval at OpenAI, a startup focused on developing artificial general intelligence. and its CEO, Sam Altman, was unexpectedly fired by four directors on the nonprofit board, leading to questions about the company's governance structure. The article highlights how OpenAI's bylaws and restructuring in 2019 gave a small group of people the power to make significant decisions. This turn of events has caught investors by surprise and raised concerns about OpenAI's ability to fulfill its mission in a responsible manner.
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Microsoft, other investors unlikely to get a seat on new OpenAI board
Livemint
·
1y ago
Medial
OpenAI is unlikely to offer a board seat to Microsoft and other investors, despite Microsoft being the biggest backer of OpenAI. Although Microsoft has invested over $10 billion and holds a 49% stake in the company, OpenAI's unusual governance structure limits Microsoft's influence. OpenAI recently went through a CEO change, rehiring Sam Altman, but did not grant him a seat on the board. Experts suggest that OpenAI's decision to prioritize security practices over investor returns may lead to Microsoft being excluded from the board.
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