Larry Summers Exits OpenAI Board Amid Scrutiny
Former Treasury Secretary Lawrence H. Summers has resigned from the OpenAI board following the release of emails showing his communications with Jeffrey Epstein.
#OpenAI#Lawrence Summers#Jeffrey Epstein
#Corporate Governance
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OpenAI Denies Seeking Federal Loans Amid Contradictory Reports
OpenAI CEO Sam Altman faces scrutiny after denying the company seeks federal loans, despite reports of a recent request to a White House office for such aid.
#OpenAI#Sam Altman#Artificial Intelligence
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Kazakhstan Appoints AI to Board of $81 Billion State Fund
Kazakhstan's $81 billion sovereign wealth fund, Samruk-Kazyna, has appointed an AI system with voting rights to its board of directors, a first in Central Asia.
#Artificial Intelligence#Kazakhstan#Corporate Governance
AI Risk Disclosures Surge Among S&P 500 Companies
Over 70% of S&P 500 companies now identify AI as a material risk in public disclosures, a sharp rise from 12% in 2023, according to a new report.
#Artificial Intelligence#Corporate Governance#Risk Management
US Government Shifts Economic Strategy with Direct Corporate Deals
The U.S. government is actively intervening in the private sector, negotiating deals and taking equity stakes in companies across 30 key industries to secure supply chains.
#Economic Policy#US Government#Industrial Policy
US Government Pursues Equity Stakes in Key Industries
The U.S. government is pursuing deals in up to 30 critical industries, offering financial incentives and regulatory relief in exchange for equity stakes.
#US Politics#Economic Policy#Corporate Governance
Corporate Boards Lag in AI Adoption for Governance Tasks
Despite wide AI use in business operations, only 10% of corporate board members utilize it for governance, revealing a critical gap in oversight.
#Artificial Intelligence#Corporate Governance#Board of Directors
Nvidia's $100B OpenAI Deal Raises Shareholder Rights Questions
Nvidia's $100 billion investment in OpenAI, approved without a shareholder vote, is sparking debate about corporate governance and investor rights in the AI era.
#Nvidia#OpenAI#Corporate Governance
C3.ai Faces Class Action Lawsuit Over Executive Health Claims
C3.ai, Inc. is facing a class action lawsuit alleging the company failed to disclose the CEO's health issues, which reportedly impacted business deals.
#C3.ai#Class Action Lawsuit#Securities Law