financetom
News
financetom
/
News
/
At Davos, Sam Altman is a headliner, with star status scrutiny to match
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
At Davos, Sam Altman is a headliner, with star status scrutiny to match
Jan 18, 2024 7:15 PM

  Sam Altman, the CEO of OpenAI and a prominent figure in the technology industry, has seen a meteoric rise to fame following the success of ChatGPT. At this year's World Economic Forum in Davos, Altman is a leading attraction, drawing attention for his insights on various topics including AI's potential impact on elections and the urgent need for an energy "breakthrough" to support a world increasingly reliant on artificial intelligence. He also discussed the advent of artificial general intelligence (AGI), predicting its arrival in the not-too-distant future.

  Despite his newfound star status, Altman prefers not to dwell on the recent controversy surrounding his temporary removal from OpenAI and subsequent return. In conversations with Bloomberg, he redirected questions about the incident towards more substantial topics like AGI and its implications.

  Altman's influence extends beyond OpenAI; he co-founded WorldCoin, invests through his fund Hydrazine Capital in multiple startups such as Helion Energy, Cruise, Boom Aviation, and Retro Biosciences, among others. His rumored side ventures, which reportedly involved fundraising for AI chip and hardware companies, were speculated to be part of the reason behind his brief ousting from OpenAI's board.

  Microsoft CEO Satya Nadella, a strong supporter of Altman, has publicly expressed his confidence in both Altman and OpenAI during their joint appearances at Davos events. Meanwhile, Altman's personal soap opera continues to draw interest despite his desire to move past it.

  In other business news, payments company Onbe is reportedly seeking a buyer, potentially fetching over $2 billion. Additionally, Microsoft's venture capital arm, M12, now has a larger investment budget of $275 million for the current fiscal year. Furthermore, several startups across industries ranging from video game development and clinical care AI to renewable energy and electric motors have secured funding rounds. Lastly, there are several notable acquisitions and IPO announcements, including Accenture's acquisition of Impendi and BrightSpring Health's plans for an initial public offering.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Could biogas be the unsung hero of the clean energy transition?
Could biogas be the unsung hero of the clean energy transition?
Jul 28, 2025
In the fast-paced world of clean energy innovation, biogas rarely takes center stage. It doesnt shine like solar power, nor does it generate buzz like batteries, and it doesnt stir geopolitical tension the way hydrogen does. But quietly, consistently, and with growing impact, it is already doing what many climate technologies still only promise to achieve someday: replacing fossil fuels...
How is the US trying to revive its nuclear industry?
How is the US trying to revive its nuclear industry?
Jul 29, 2025
In late May, President Donald Trump issued four executive orders aimed at expanding the nuclear energy sector in the United States. As these orders begin to take effect, several Washington-based political publications have highlighted their potential implications most notably, the possibility of ending the Nuclear Regulatory Commissions (NRC) role in approving new reactor designs, shifting that responsibility to the Pentagon...
Yen skids to two-week trough ahead of BOJ meeting
Yen skids to two-week trough ahead of BOJ meeting
Jul 28, 2025
The Japanese yen declined in the Asian market on Tuesday against a basket of major and minor currencies, deepening its losses for the fourth consecutive day against the US dollar and recording its lowest level in two weeks, as the US currency continued to shine following recent trade developments and ahead of the Federal Reserve meeting. The Bank of Japan...
Dollar maintains gains as traders assess US-EU trade deal
Dollar maintains gains as traders assess US-EU trade deal
Jul 29, 2025
The euro struggled on Tuesday to recover from its sharp losses, as investors began to realize that the terms of the trade agreement between the United States and the European Union largely favored Washington and offered little improvement to the EU's economic outlook. Meanwhile, the US dollar maintained its gains. France on Monday described the framework trade deal as a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved