All posts tagged: CEO

OpenAI hires former Nextdoor CEO Sarah Friar as first CFO

OpenAI hires former Nextdoor CEO Sarah Friar as first CFO

[ad_1] :OpenAI said on Monday it had hired Sarah Friar, the former CEO of social media firm Nextdoor, as its first chief financial officer. The artificial intelligence firm has also appointed Kevin Weil, who has previously worked at Twitter, Facebook and Instagram, as chief product officer. Friar earlier served as CFO at Square and is also a member of Walmart’s board. She has also previously worked at Goldman Sachs, McKinsey, and Salesforce. “Sarah and Kevin bring a depth of experience that will enable OpenAI to scale our operations, set a strategy for the next phase of growth, and ensure that our teams have the resources they need to continue to thrive,” OpenAI CEO Sam Altman said in a statement on Monday. The new appointments follow the departure of OpenAI co-founder and chief scientist Ilya Sutskever in May, who was replaced by Jakub Pachocki. Pachocki has previously served as OpenAI’s director of research and led the development of GPT-4 and OpenAI Five. Sutskever played a key role in Altman’s dramatic firing and rehiring in November last …

WTA appoints Archer as CEO

WTA appoints Archer as CEO

[ad_1] PARIS :The Women’s Tennis Association (WTA) has appointed Portia Archer as chief executive in place of Steve Simon who will remain as the organisation’s chairman, the governing body of women’s tennis said on Wednesday. Archer, previously a senior executive at the National Basketball Association (NBA) who has worked for NBC Sports Group, HBO and the BBC, will take up her WTA role on July 29. As WTA chairman, Simon will focus on governance and strategic development while Archer will be responsible for day-to-day strategy and operations. “I am excited to have the opportunity to join the team as we deliver our ambitions for the Tour and write the next chapter of the WTA story,” Archer said. Simon had come under fire from the players over the decision to hold the 2023 WTA Finals outdoors in the Mexican resort of Cancun. They were later moved to Saudi Arabia in another decision that was widely criticised. Anne Worcester and Stacey Allaster are former female CEOs of the WTA. [ad_2] Source link

Palestinian charity CEO to stand for Labour in Fife in boost for Starmer | Scotland

Palestinian charity CEO to stand for Labour in Fife in boost for Starmer | Scotland

[ad_1] The chief executive of the aid charity Medical Aid for Palestinians has been chosen as a Labour candidate to fight a key seat in Scotland, after the original candidate was suspended. Melanie Ward, who was born in Helensburgh, west of Glasgow, has been parachuted in to compete for the Westminster seat of Cowdenbeath and Kirkcaldy in Fife after a row over allegedly racist tweets led to the previous candidate standing down. Her appointment will delight Keir Starmer’s allies after repeated criticism over his stance on the Gaza crisis, which has led some Muslim voters and councillors to desert the party and caused tensions with Labour MPs and shadow ministers. It may also highlight previous differences between Starmer and the Scottish Labour leader, Anas Sarwar, over calls for a ceasefire in Gaza. Sarwar was highly critical of Starmer’s initial failure to condemn Israel’s tactics after the Hamas attacks last October. Medical Aid for Palestinians has repeatedly called for Israel to stop attacking hospitals and civilian areas; it backed demands by aid charities and Labour parliamentarians …

Skillz CEO says company isn’t done fighting bots in mobile gaming

Skillz CEO says company isn’t done fighting bots in mobile gaming

[ad_1] Join gaming leaders live this May 20-21 in Los Angeles to examine the strategies needed to adapt and excel in an ever evolving landscape, featuring insights from leading voices and thought leaders in the industry. Register here. Skillz CEO Andrew Paradise spoke in the company’s earnings call about the company’s recent lawsuit against AviaGames, and the alleged “willful pattern of deceit” on the part of its executives to use bots to defraud players. According to Paradise, Skillz received $50 million from AviaGames as part of a settlement agreement that totals around $80 million. But the company is far from done, adding that AviaGames is not the only company out there using bots to defraud customers. At the conclusion of Skillz’s patent infringement lawsuit against AviaGames, the jury awarded the former almost $43 million. However, Paradise says Skillz and Big Run Studios entered into the settlement agreement with AviaGames afterwards. Starting next year, Skillz receives $7.5 million in licensing royalty payments for four years annually. However, Paradise said that $80 million is a “drop in …

Rowing startup Hydrow acquires a majority stake in Speede Fitness as their CEO steps down

Rowing startup Hydrow acquires a majority stake in Speede Fitness as their CEO steps down

[ad_1] Hydrow, the at-home rowing machine, announced Thursday that it has acquired a majority stake in Speede Fitness, the company behind the AI-enabled strength training machine. The rowing startup also announced that CEO and founder Bruce Smith will step down, and President and CFO John Stellato will take over day-to-day operations, per CNBC. Smith is now the chairman of Hydrow’s board. Hydrow declined to share how much of a majority stake it now has in Speed Fitness. It’s possible that the company may acquire the remainder of Speede, but it is uncertain at this time. Founded in 2017, Hydrow’s connected rowing machines (which range from $1,695 to $3,995) simulate the feeling of rowing on water through a patented electromagnetic and computer-controlled drag mechanism. The company has raised $300 million to date and touts notable investors such as Activant Capital, Constitution Capital, L Catterton, Liberty Street, RX3, and Sandbridge Capital, as well as several professional athletes and celebrities like Travis Kelce and Justin Timberlake. As of April, delivered unit sales were up 35% year over year, …

EA CEO wants games to be a platform for socialization and self-expression

EA CEO wants games to be a platform for socialization and self-expression

[ad_1] Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Andrew Wilson, CEO of EA, said that in North America, engagement for the top 10 franchises has increased market share since fiscal 2022, or the year ended March 31, 2022. “For a company that has some of the biggest IP in the world, this trend presents an incredible opportunity to evolve as an industry leader,” Wilson said. With The Sims community hitting its 25th anniversary, Wilson said that since 2014, The Sims 4 has surpassed 85 million players, up double digits year over year. The Sims Online and The Sims Mobile have been downloaded more than 500 million times. Hundreds of millions user-generated content items were share in the fiscal year. Fifteen content updates are coming for The Sims 4 this year. Of course, this growth doesn’t mean EA will knock it out of the park every quarter or year. The company’s stock price fell in after-hours trading today after its …

Here’s what Exxon’s CEO gets wrong about the climate crisis

Here’s what Exxon’s CEO gets wrong about the climate crisis

[ad_1] Oil and gas conglomerate Exxon Mobil could be a key player in global efforts to combat the climate crisis — if only governments would remove burdensome regulations and stop wasting money on inefficient clean energy incentives. Sound contradictory? It is. Nevertheless, that was the message shared by Exxon Chief Executive Darren Woods on Monday in Beverly Hills. As I watched a livestream of the Milken Institute Global Conference, I was frustrated but not surprised to hear Woods imply that emerging technologies such as carbon capture and green hydrogen — on which Exxon and other oil giants are spending a tiny fraction of their cash — will be the main drivers of climate progress. We need those technologies for sure. But solar panels, wind turbines and batteries are cheap enough and reliable enough to get us most of the way to 100% clean energy, scientists say. Woods, however, said hardly anything about solar and wind power, instead calling on the federal government to ease permitting regulations to make it easier for companies to build large-scale …

Former Starbucks CEO says company needs to revamp its stores after big earnings miss

Former Starbucks CEO says company needs to revamp its stores after big earnings miss

[ad_1] Former Starbucks CEO Howard Schultz weighed in Sunday on the coffee chain’s dismal latest quarterly report, saying he believes the company will recover if it improves its U.S. stores. Schultz, who no longer has a formal role within Starbucks, sees an obvious reason for the downturn. He wrote that the company needs to improve its mobile order and pay experience and overhaul how it creates new drinks to focus on premium items that set it apart. “The stores require a maniacal focus on the customer experience, through the eyes of a merchant. The answer does not lie in data, but in the stores,” Schultz wrote in a letter on Sunday evening posted to LinkedIn. On Tuesday, Starbucks slashed its full-year forecast after a surprise decline in same-store sales led the company to miss Wall Street’s estimates for quarterly earnings and revenue. Since the report, the company’s shares have fallen 17%, dragging its market value down to $82.8 billion. Analysts, caught off guard by the chain’s underperformance, have been looking for an explanation for why Starbucks’ U.S. traffic fell 7% in the …

Elon Musk’s no.2 at Tesla goes back to China as the CEO isolates himself at the top

Elon Musk’s no.2 at Tesla goes back to China as the CEO isolates himself at the top

[ad_1] Elon Musk’s no.2 at Tesla, Tom Zhu, is going back to his responsibilities as VP of China as the CEO isolates himself at the top. Zhu has long been the leader of Tesla’s operations in China and led the very successful Gigafactory Shanghai effort. Gigafactory Shanghai quickly became Tesla’s best-performing manufacturing facility and to replicate the success in Texas, Musk made Zhu in charge of all Gigafactories back in late 2022. However, we reported that Zhu was taking an even bigger role at Tesla as Musk was busy running several other companies and spending especially more time at his newly acquired Twitter. We exclusively reported that Zhu was even made in charge of North American sales and became the de facto head of Tesla’s automotive business – second in command to Musk at Tesla. He was elevated to the critical “leadership” at Tesla that need to reported their stock transaction to the SEC: Screenshot In recent months, Musk took over North American sale operations from Zhu, according to sources familiar with the matter. As …

Quora CEO Adam D’Angelo talks about AI, chatbot platform Poe, and why OpenAI is not a competitor

Quora CEO Adam D’Angelo talks about AI, chatbot platform Poe, and why OpenAI is not a competitor

[ad_1] Last November, Adam D’Angelo found himself at the epicenter of one of the biggest controversies in the tech industry. The board of OpenAI — the $80 billion startup leading the AI bandwagon — had abruptly booted its CEO, Sam Altman, only to reinstate him just days later. D’Angelo was on the board that dismissed Altman… and he was (and remains) on the board that brought him back in. In fact, he was the only person who kept his seat amidst the ensuing restructuring that saw a lot of the original board leave. It was certainly a rocky time for OpenAI, but it was perhaps doubly so for D’Angelo, since the drama was playing out while his own company, Quora, was taking big steps towards AI. Quora, the crowdsourced Q&A site D’Angelo co-founded and leads as CEO, had been building an AI platform of its own while also fundraising (a $75 million round that valued it at $425 million, per PitchBook). The company in February 2023 had launched Poe (short for Platform for Open Exploration), …