Meta hires three OpenAI researchers, WSJ reports
(Reuters) -Meta Chief Executive Mark Zuckerberg has hired three OpenAI researchers to join his superintelligence efforts, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The company hired Lucas Beyer, Alexander Kolesnikov and Xiaohua Zhai, who were all working in OpenAI's Zurich office, the report said.
Reuters could not immediately verify the report.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
13 minutes ago
- Bloomberg
EU's Ribera Won't Trade Big Tech Rules to Placate Trump
The European Union 's crackdown on Apple Inc., Meta Platforms Inc., and Alphabet Inc. 's Google isn't a bargaining chip in trade negotiations with US President Donald Trump, according to Teresa Ribera, the EU's competition chief. In an interview, Ribera rejected suggestions that enforcement of the landmark Digital Markets Act — slammed by Trump as an unfair tax on Silicon Valley — could be sacrificed as part of a deal to dodge punitive EU tariffs pitched by the White House.
Yahoo
19 minutes ago
- Yahoo
Shell says it's not in talks to acquire BP as takeover rumours swirl
Oil giant Shell said on Thursday that it had 'no intention' of making an offer for its UK rival BP and asserted that no such talks between the firms had taken place. In line with the UK Takeover Code, Shell's announcement means that it can't submit another bid for six months, unless certain conditions change. If another bidder for BP emerges, for instance, Shell could look to acquire the company. The firm was responding to a Wall Street Journal report that suggested the firms were in discussions regarding a £60 billion (€70.4bn) takeover. The megamerger would create a global energy group worth more than £200bn (€234.68bn). Related BP expected to scrap renewables targets as part of performance reset BP sees major downturn as gas trading and refining divisions lag BP shares rose in value on the speculation, closing 1.64% higher in daily trading. CEO Murray Auchincloss, who has headed up BP since early 2024, is focused on boosting the firm's performance in response to pressure from investors, notably from activist hedge fund Elliott Management. In efforts to do so, BP said earlier this year it would increase oil and gas spending by about 20%, while cutting renewable investment by around 70%. This came after BP had pledged in 2020 to reduce oil and gas output by 40% by 2030. Over the past two years, BP's valuation has underperformed against competitors Shell and ExxonMobil, firms that are prioritising more oil and gas output. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 minutes ago
- Yahoo
Shell rules out bid for BP for at least six months
Shell has insisted it has no intention of making an offer to buy BP, stamping out speculation that it was in early-stage takeover talks. The oil giant told investors on Thursday morning that 'it has not made an approach' for its London-listed rival, adding that 'no talks have taken place'. The announcement means that Shell will not be able to make a formal takeover approach for BP for six months, under City rules. A Shell spokesman said: 'In response to recent media speculation, Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer.' The announcement was designed to draw a line under months of rumours that Shell was plotting a £200bn mega-merger with BP, which has increasingly become a target for rivals after its ill-fated shift to green energy. BP shares spiked nearly 10pc in New York after the Wall Street Journal first reported on Wednesday that takeover talks had taken place between company representatives. However, they later finished trading just 2pc up after Shell issued a swift denial. BP shares were up 0.9pc in early trading in London on Monday. It comes as BP's defences appear increasingly vulnerable, particularly as chairman Helge Lund prepares to leave next year under pressure from shareholders. Elliott, the hedge fund, is a major investor in BP and has been pushing the group to improve its performance. The United Arab Emirates' state-owned oil company Adnoc reportedly examined a takeover of BP last year and has more recently been assessing a bid for assets, opening the door to a possible break-up of BP. Previous reports have also claimed that Shell was examining a potential takeover. An investor who owns shares in both BP and Shell said they would back a merger because it would create cost reductions for both groups. However, they said Shell would have to pay a premium of at least 30pc – implying a takeover price of about 480p per share, or £75bn – to win shareholder support. BP, led by Murray Auchincloss, is currently valued at £58bn. Shell is the larger of the two with a market cap of £152bn. 'I don't think this has come as a surprise. The genie is out of the bottle now on BP,' the investor said. 'BP is an attractive asset for Shell because there's a lot of synergies. 'The market didn't expect Shell to do it now because they still have cost-cutting plans, but they're getting to the end of those. BP has been weak and with a low market cap, so there's quite a lot of synergies.' They added that another possible suitor for BP, American giant Chevron, was effectively ruled out of bidding for now because of litigation in the US about its takeover of Hess. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
