Kelly Ortberg's first year as Boeing CEO: State of the company's turnaround effort
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Business Insider
10 minutes ago
- Business Insider
Sam Altman says the talent pool for AI superstars is probably bigger than people think
There's a new slate of MVPs in the labor market. Over the past several months, a talent war has been rippling through Silicon Valley as companies like OpenAI, Meta, and Anthropic vie for an elite group of the best and the brightest working on artificial intelligence. OpenAI CEO Sam Altman called it the "most intense talent market I have seen in my career," on CNBC's Squawk Box on Friday, a day after OpenAI released GPT-5, the latest iteration of its flagship model. Altman, however, says that fighting over a chosen few may not be necessary. "I bet it's much bigger than people think," he said, referring to the available talent pool. "Some companies in the space have decided that they're going to go after a few shiny names, but I think there's like many thousands of people that we could find, and probably tens of thousands or hundreds of thousands of people in the world who are capable of doing this kind of work." Meta, which recently brought on Scale AI CEO Alexandr Wang and former GitHub CEO Nat Friedman to co-lead its newly created Superintelligence Labs, made at least 10 offers of up to $300 million over four years to top OpenAI researchers. It also offered OpenAI employees huge signing bonuses to make the switch. Business Insider earlier reported that researchers at many of the top AI startups are earning in the mid-six-figures for their skills. More than any other field, AI bets on potential over proven track records, as companies race toward still-theoretical goals like artificial general intelligence and superintelligence. The real value of top AI talent, Altman said, lies in their capacity for breakthroughs. "The hope is they know how to discover the remaining ideas to get to superintelligence, that there are going to be a handful of algorithm ideas, and a medium-sized handful of people who can figure them out," he said.
CNBC
40 minutes ago
- CNBC
Trump warns courts against knocking down tariffs, says duties are 'huge positive' for stock market
President Donald Trump on Friday warned U.S. courts against blocking his tariff policy, citing its "positive impact" on the stock market and saying such a move could cause a severe economic downturn. "If a Radical Left Court ruled against us at this late date, in an attempt to bring down or disturb the largest amount of money, wealth creation and influence the U.S.A. has ever seen, it would be impossible to ever recover, or pay back, these massive sums of money and honor," Trump wrote on his Truth Social platform Friday morning. "It would be 1929 all over again, a GREAT DEPRESSION," he added. Trump's comments come as a federal appeals court is hearing arguments on how to handle his tariff policy. Former House Speaker Paul Ryan told CNBC this week that Supreme Court could end up disqualifying the duties being invoked under the International Emergency Economic Powers Act. "If they were going to rule against the wealth, strength, and power of America, they should have done so LONG AGO, at the beginning of the case, where our entire Country, while never having a chance at this kind of GREATNESS again, would not have been put in 1929 style jeopardy," Trump said of the courts' potential actions around tariffs. "There is no way America could recover from such a judicial tragedy." Trump cited the "positive impact" of tariffs on the stock market. However, markets this year have appeared to respond positively when Trump dials back on tariffs, and have reacted negatively when he has pressed the case for the duties. When Trump announced the initial 90-day pause on "liberation day" tariffs in early April, the Nasdaq rose 7% in just a few minutes, while other major averages also posted strong gains that week. In addition, the market has seen sector-specific rallies such as when Trump backed off on his threats against chips. Companies such as AMD and Marvell, as well as Apple, then posted solid gains with the duties granting broad exemptions to any company that announces plans to add some manufacturing in the U.S. The rallies often were short-lived as the president has frequently changed gears on his tariff rhetoric. Markets lately have been more stable around tariff news as investors view the president's views as continuously subject to change.
The Hill
an hour ago
- The Hill
India's Modi shares ‘good call' with ‘my friend' Putin after Trump tariffs
Indian Prime Minister Narendra Modi on Friday shared that he held a 'very good and detailed conversation with my friend President Putin,' as President Trump has ramped up tariff threats this week against New Delhi for Russian oil purchases. Modi, in a post on X, also said he thanked the Russian president for the latest updates on the Ukraine war. 'We also reviewed the progress in our bilateral agenda, and reaffirmed our commitment to further deepen the India-Russia Special and Privileged Strategic Partnership. I look forward to hosting President Putin in India later this year,' the Indian leader said. Trump on Wednesday announced he would increase tariffs on India by 25 percent over its purchases of Russian oil, bringing the total tariffs he has imposed on New Delhi to 50 percent. The 25 percent increase is on top of a 25 percent 'reciprocal' tariff Trump announced on India last week, which was set to take effect Thursday. India has remained defiant, souring U.S. relations with a key bulwark against China, as well as close personal relations between Trump and Modi. 'They're buying Russian oil, they're fueling the war machine. And if they're going to do that, then I'm not going to be happy,' Trump said of India during a Tuesday interview with CNBC. India has volleyed back with claims of American hypocrisy; past U.S. administrations encouraged the India-Russia energy trade to help stabilize global markets, and both the U.S. and Europe continue to spend billions on Russian energy and commodities. India also says Russian energy is crucial to ensuring a stable domestic supply. 'In this background, the targeting of India is unjustified and unreasonable,' an Indian foreign ministry spokesperson said in a statement Monday, responding to Trump's tariff threats. 'Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' it added. The increased tariffs on India would take effect late this month. However, Trump has also threatened broader 'secondary tariffs' on countries that trade with Russia. A senior U.S. official said this week that additional sanctions were expected Friday, even as Trump has raised the idea of a direct meeting with Putin, if he's willing to stop the war. Trump's special envoy, Steve Witkoff, returned from talks with Putin in Moscow this week with the framework of a ceasefire proposal, according to Secretary of State Marco Rubio. As of mid-week, Rubio said Russia and Ukraine remained too far apart for a meeting. However, both U.S. and Russian officials have suggested an in-person summit could occur as soon as next week. Ukrainian President Volodymyr Zelensky on Wednesday said Russia appeared more likely to agree to a ceasefire than previously. 'Russia now seems to be more inclined toward a ceasefire — the pressure is working,' Zelensky said during an address. 'But the key is to ensure they don't deceive anyone in the details — neither us, nor the United States.'
