Sam Altman Won’t Return As OpenAI CEO As Deal Falls Spart: Report

by Manisha Das

NEWS HIGHLIGHTS

The deal to bring Sam Altman back as OpenAI CEO has reportedly fallen apart and former Twitch CEO Emmett Shear is likely to be appointed as interim CEO at ChatGPT developer.

San Francisco, Nov 20: The deal to bring Sam Altman back as OpenAI CEO has reportedly fallen apart and former Twitch CEO Emmett Shear is likely to be appointed as interim CEO at ChatGPT developer.

According to The Information, Altman won’t return as CEO of OpenAI, despite efforts by the company’s executives to bring him back.

OpenAI co-founder and board director Ilya Sutskever said that Shear, co-founder of Amazon-owned video streaming site Twitch, will take over as interim CEO.

The decision “could deepen a crisis precipitated by the board’s sudden ouster of Altman and its removal of President Greg Brockman from the board”, the report mentioned late on Sunday.

Distraught employees came out of OpenAI headquarters in San Francisco shortly after the decision was announced internally.

The hiring of Shear appears to close the door on Altman’s exit after he was fired on Friday when the board said he had not been “consistently candid in his communications.”

The board was in intense discussions about Altman’s return over the weekend.

Altman returned to OpenAI’s office, saying it would be the “first and last time” he wore a guest badge - implying he would either return as CEO or never return at all.

The suspense over Altman’s return as the CEO of OpenAI continued on Monday as OpenAI leaders and investors sought to reinstate Altman at the company which unceremoniously sacked him on November 17.

The final negotiations went on between Altman and the company, with one big condition that the existing board (who fired him) had to step down.

Microsoft Chairman and CEO Satya Nadella was reportedly mediating the discussion between Altman, former OpenAI President Greg Brockman, and the current board members as they attempt to select a new board.

“If a deal isn’t reached, things will take a different path,” according to reports.

(IANS)

Stock Market In Top Gear After Budget, Logs Best Weekly Streak In Last 6 Years

by Shambhu Datta Mishra

Mumbai, July 27: Indian stock market witnessed a stellar rally in the Budget week. Last week, Sensex and Nifty surged by 728 points or 0.90 per cent and 303 points or 1.24 per cent respectively. This was the eighth consecutive week when the market closed with gains.

This is the first time since January 22, 2018 that the market has continued to rise for such a long period.

On a weekly basis, Tata Motors (13 per cent), HDFC Life Insurance (10.6 per cent), Sun Pharma (9.3 per cent), NTPC (8.7 per cent), BPCL (8.2 per cent), Titan (7.2 per cent), SBI Life Insurance (6.3 per cent) and Cipla (6 per cent) were the top gainers in the Nifty pack.

During this period, no Nifty stock posted negative returns.

Among the sectoral indices, Nifty Pharma soared by 5.77 per cent, Nifty Media saw a gain of over 5.5 per cent, Nifty Auto surged by 5.16 per cent, Nifty Energy climbed by 2.79 per cent and Nifty FMCG posted 2.69 per cent weekly gains.

However, Nifty Bank (1.86 per cent), Nifty Realty (1.69 per cent), Nifty Finance (1.19 per cent) and Nifty PSU Bank (0.44 per cent) were the major laggards.

Nifty made a new all-time high of 24,861 and Sensex closed near its lifetime high Friday. Sensex closed at 81,332, up 1,292 points or 1.62 per cent, and Nifty closed at 24,834, up 428 points or 1.76 per cent.

According to market experts, "The market has now recovered its losses from budget day, driven by positive US GDP data and expectations of improved global demand. Moving forward, the direction of the domestic market will likely be influenced by the progress of the earnings season."

"DIIs continue to employ a 'buy on dips' strategy, which contributed to market gains on the week's last trading day, particularly in the pharma, auto, metal, IT, and FMCG sectors," they added.

(IANS)

Read More: Business News

Priyanka Chopra's Daughter Malti Marie Invents Indo-Italian Cuisine

by Utkalika Mohanty

Mumbai, July 27: Global star Priyanka Chopra on Saturday shared an adorable glimpse of her daughter Malti Marie, who has come up with a new Indo-Italian cuisine -- Mortadella and roti.

The 'Miss World 2000', who has 91.7 million followers on Instagram, posted a story featuring her little bundle of joy wearing a white floral T-shirt and holding a roti wrapped with mortadella.

Priyanka captioned the picture: "Mortadella and roti," followed by Indian and Italian flag emojis.

In another story, the actress shared a picture of an Australian snack and wrote: "Australia killing it in the snack game."

The 'Mujhse Shaadi Karogi' actress also shared a behind-the-scenes video from the shoot of her project on an island.

In the video, she says, "When filming on a Saturday is not that bad."

Currently, Priyanka has been busy shooting for her upcoming action-thriller 'The Bluff'.

The American swashbuckler drama, co-written by Frank E. Flowers and Joe Ballarini, is directed by Flowers. The movie also stars Karl Urban, Ismael Cruz Cordova, Safia Oakley-Green, and Vedanten Naidoo.

Priyanka is married to American singer and actor Nick Jonas.

The couple tied the knot in December 2018. In January 2022, they welcomed their first child, a girl named Malti Marie, via surrogacy.

On the professional front, Priyanka made her acting debut with the 2002 Tamil film 'Thamizhan'. Her Bollywood debut came in 2003 with the spy thriller 'The Hero: Love Story of a Spy'.

She was last seen in the 2023 American romantic comedy-drama ‘Love Again’, co-starring Sam Heughan and Celine Dion.

Priyanka also narrated the wildlife documentary ‘Tiger’, directed by Mark Linfield, Vanessa Berlowitz, and Rob Sullivan.

The 42-year-old actress also has 'Heads of State' in the pipeline.

The action-comedy film, directed by Ilya Naishuller, also stars Idris Elba and John Cena.

--IANS

Read Entertainment News

"This One Is For My Fans": Ranveer Singh Announces New Film With Aditya Dhar

by Shambhu Datta Mishra

Mumbai, July 27: Ranveer Singh and Aditya Dhar have officially confirmed their new project, featuring a stellar cast that includes Sanjay Dutt, R Madhavan, Akshaye Khanna and Arjun Rampal.

Taking to his Instagram account Saturday, Ranveer shared the announcement as he posted a black-and-white collage of the cast.

Along with the post, Ranveer added a caption that read, "This one is for my fans, who have been so patient with me, and been clamouring for a turn like this. I love you all, and I promise you, this time, a cinematic experience like never before. With your blessings, we embark on this great, big motion picture adventure with spirited energy and pure intent. This time, it's personal."

View this post on Instagram
A post shared by Ranveer Singh (@ranveersingh)

The black-and-white photo collage included Sanjay Dutt, R. Madhavan, Akshaye Khanna, Aditya Dhar, and Arjun Rampal, all dressed in black and sporting serious expressions.

Aditya Dhar, who is best known for his national-award-winning film 'URI: The Surgical Strike', is directing this major feature.

The film's production involves Jyoti Deshpande from Jio Studios and Lokesh Dhar, alongside Dhar, under their B62 Studios banner.

Meanwhile, Ranveer Singh will also star in Farhan Akhtar's upcoming 'Don 3'. The actor will also appear in Rohit Shetty's Singham Again, where he will be seen sharing the screen with Arjun Kapoor, Kareena Kapoor Khan, Deepika Padukone, Akshay Kumar, and Tiger Shroff.