2024 will forever be remembered as the 'Year of Global Outages,' revealing the fragility of over-automated systems. A single cybersecurity provider’s disruption triggered global chaos—freezing transactions, grounding flights, and crippling healthcare. The call for resilience is deafening.
As we close the book on 2024, we welcome you to our Holiday Edition, where we unwrap the biggest stories that defined a whirlwind year in AI and cyber affairs—a celebration of relentless innovation, jaw-dropping rivalries, and high-stakes power plays that kept us captivated all year round.
Cisco faces fallout from a massive data leak exposing critical files, while China accuses the U.S. of cyber espionage amid rising tech tensions. AI governance sparks debate as Europe enforces strict rules, and ASIC sues HSBC for $23M scam failures. Global cyber affairs take center stage this week.
Over 700 OpenAI employees demand CEO Sam Altman's reinstatement, threatening to join Microsoft. The crisis exposes deep internal unrest, with staff declaring, "OpenAI is nothing without its people," challenging the board's leadership.
In a significant development that has sent ripples through the artificial intelligence industry, OpenAI faces a substantial crisis as a vast majority of its employees have threatened to leave the company. This mass discontent among the workforce stems from the ousting of former CEO Sam Altman, leading to a potential exodus of talent to Microsoft. This situation underscores a deep-seated unrest within the company's ranks, challenging the stability of one of Silicon Valley's most promising AI ventures.
The board's statement on Friday bluntly stated that new leadership was "necessary" for the company's future endeavours. Altman's removal from both his executive role and the company board underscores the seriousness of the board's concerns.
The crux of this unrest lies in the employees' demand for the resignation of the current board and the reinstatement of Altman as CEO.
Over 700 employees, including Ilya Sutskever, OpenAI's chief scientist and a board member, have signed a letter conveying their lack of confidence in the current leadership.
The letter explicitly states, "Your actions have made it obvious that you are incapable of overseeing OpenAI. We are unable to work for or with people that lack competence, judgement, and care for our mission and employees."
This collective stance brings to light significant internal strife and questions the board's decision-making and leadership capabilities.
“Everyone thinks you can hire someone to do this." "That fails 100% of the time."
A board of directors won't cut it. The secret to building a generational company, according to him? Sam Altman Linkedin Speech X (Nov 21 2023) Posted Brandon Arvanaghi
Altman and Brockman showed their support by sharing Sutskever’s post with affectionate heart emojis, while onlookers observed the unfolding drama within the Silicon Valley boardroom with amazement.
The sentiments of OpenAI employees were openly expressed online, where a significant number rallied behind Altman, declaring,
“OpenAI is nothing without its people.”
In a development shared by Brockman on X, three prominent researchers who departed OpenAI following Altman's dismissal have decided to move to Microsoft. These include former research director Jakub Pachocki, ex-head of preparedness Aleksander Madry, and past researcher Szymon Sidor.
The Pacific tech war intensifies as Trump's return to power amplifies U.S. export bans, targeting China’s AI progress. ByteDance, Nvidia's largest Chinese buyer, counters with bold strategies like crafting AI chips and expanding abroad. A fragmented 2025 looms, redefining tech and geopolitics.
Australia pushes tech giants to pay for local journalism with new laws as Meta faces a global outage, raising concerns over platform reliability. Meanwhile, Meta joins hyperscalers like Google and Amazon, exploring nuclear energy to power AI ambitions and unveils a $10B AI supercluster project.
Australia's government plans to make tech giants pay for local journalism, leveling the media playing field. Meanwhile, Meta faces global outages, sparking reliability concerns, and unveils nuclear ambitions with a $10B AI supercluster in Louisiana. Big tech is reshaping energy and media landscapes.
Australia’s Commonwealth Bank (CBA) is transforming banking with generative AI, cutting fraud by 30% and issuing 20,000 daily alerts. AI also streamlines loans and credit reviews, saving hours. Globally, AI could save $1T by 2030, enhancing efficiency and personalized customer experiences.
