Articles for tag: artificial intelligence, corporate governance, ethical concerns, for-profit, OpenAI, Sam Altman, Transition

October 28, 2024

OpenAI’s transformation from nonprofit to for-profit entity sparks controversy, with Elon Musk alleging a betrayal of its original mission.

OpenAI started in 2015 as a nonprofit focused on creating artificial intelligence that benefits everyone. Over time, it has achieved groundbreaking advancements, turning into one of the world’s most valuable startups. However, the transition from nonprofit to for-profit has raised concerns and internal conflicts, especially when CEO Sam Altman was ousted in a controversial board ...

September 27, 2024

Market News

Business

Manufacturers challenge new e-waste recycling guidelines, claiming they raise costs and stifle the urgent transition to formal regulation.

Manufacturers of consumer electronics are expressing concerns about the Indian government’s new draft guidelines for recycling e-waste. They argue that the proposed rules set unrealistic minimum prices, making it more expensive to recycle electronic products. For example, the cost for recycling metals has jumped to Rs 80 per kilogram, which is a significant increase. This ...

September 26, 2024

Market News

Business

Trai Chairman Anil Kumar Lahoti announced telecom operators must transition to a new authorization regime upon licence expiry.

Anil Kumar Lahoti, the Chairman of the Telecom Regulatory Authority of India (Trai), announced that telecom operators can keep offering their services under their current licenses until they expire. However, they cannot decline the new service authorization rules introduced by Trai. During a recent press conference, Lahoti emphasized that there is no set deadline for ...

September 19, 2024

Market News

Politics

From Tihar to Transition: Kejriwal Exits Politics Amidst Scandal, Leaving Behind a Legacy of Irony and Unfinished Business.

Former Delhi Chief Minister Arvind Kejriwal is preparing to vacate his official residence in Civil Lines this week, following his recent resignation and release from Tihar Jail on bail related to the excise policy scam. AAP MP Sanjay Singh confirmed that despite concerns for his security, Kejriwal has chosen to live among the people and ...

September 3, 2024

Market News

Business

Cipla Faces Transition: MK Hamied Resigns, Kamil Hamied Steps Up

Cipla, a leading pharmaceutical company, has announced that MK Hamied will resign as Vice Chairman effective October 29 due to age and health issues. In his resignation letter, he expressed sadness but also shared his satisfaction in Kamil Hamied being appointed as a Non-Executive Director starting November 1, 2024. This transition aims to ensure continuity ...

September 2, 2024

Market News

Business

SBI’s Next Leader: Amara Recommended as Managing Director Amidst Transition

Rama Mohan Rao Amara has been recommended for the position of Managing Director of the State Bank of India (SBI) by the Financial Services Institutions Bureau (FSIB). Amara, who is currently the Deputy Managing Director at SBI, will take over due to C S Setty’s recent elevation to Chairman of the bank. The FSIB evaluated ...

May 17, 2024

Market News

Business Current Affairs Today

Twitter is now x.com officially: Elon Musk announces complete domain transition | Current Affairs Question and Answers

Today’s Current Affairs: Elon Musk has officially rebranded Twitter, transitioning the platform completely to x.com. Users accessing the microblogging site were redirected to the new domain, with Musk announcing that all core systems are now on x.com. This move comes after Musk acquired Twitter in a $44 billion deal in 2022, leading to various changes ...