logo
How ‘business for good' went bad—and what comes next

How ‘business for good' went bad—and what comes next

Fast Companya day ago

Salesforce CEO Marc Benioff made that proclamation at the TechCrunch Disrupt conference in 2019. 'We're going to see a new kind of capitalism,' he went on.
'If your orientation is just about making money, I don't think you're going to hang out very long as a CEO or a founder of a company.'
Benioff's remarks were striking, but not shocking. He was merely articulating what had become the conventional wisdom among business leaders in that moment. After decades of serving shareholders alone, CEOs were embracing the idea that they should also be concerned about stakeholders—employees, customers, suppliers, local communities, and even the planet.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ChatGPT is having a partial outage
ChatGPT is having a partial outage

TechCrunch

time12 minutes ago

  • TechCrunch

ChatGPT is having a partial outage

OpenAI experienced a partial outage on Tuesday morning that created some issues for users trying to access ChatGPT, Sora, and the API, the company said on its status page. The company started investigating the issues late on Monday night, but the partial outage has persisted through Tuesday morning. Around 5:30 am PT on Tuesday, OpenAI says it identified the issue and started working to fix it. However, at roughly 8 am PT, OpenAI said full recovery across its services may take 'another few hours,' meaning folks logging onto work on the West Coast of the United States won't be able to access ChatGPT this morning. We are observing elevated error rates and latency across ChatGPT and the API. Our engineers have identified the root cause and are working as fast as possible to fix the issue. For updates see our status page: — OpenAI (@OpenAI) June 10, 2025 While ChatGPT outages typically last just a few hours, Tuesday's partial outage is notably long in duration. The company said users may experience 'elevated errors and latency' when using ChatGPT. When TechCrunch tried to access GPT-4o in ChatGPT on Tuesday morning, the chatbot responded with an error reading 'Too many concurrent requests.' (Credit: Maxwell Zeff) Tuesday's partial outage comes amid a flurry of announcements from OpenAI. At Apple's WWDC event on Monday, the iPhone maker announced deeper integrations with OpenAI's models. Also on Monday, an OpenAI spokesperson confirmed to CNBC that the company has reached $10 billion in annualized recurring revenue. Earlier on Tuesday, OpenAI CEO Sam Altman announced an 80% price cut for developers trying to access its o3 AI reasoning models in its API. OpenAI has previously run into issues scaling the usage of its AI models to hundreds of millions of users, but that's exactly what the company needs to do to meet its grand ambitions. Altman has previously said the company's 'GPUs are melting' to keep up with the demand for ChatGPT, indicating that OpenAI's computing resources are spread thin these days. It seems that demand for OpenAI's models is only continuing to rise.

Mistral releases a pair of AI reasoning models
Mistral releases a pair of AI reasoning models

TechCrunch

time33 minutes ago

  • TechCrunch

Mistral releases a pair of AI reasoning models

French AI lab Mistral is getting into the reasoning AI model game. On Tuesday morning, Mistral announced Magistral, its first family of reasoning models. Like other reasoning models — e.g. OpenAI's o3 and Google's Gemini 2.5 Pro — Magistral works through problems step-by-step for improved consistency and reliability across topics such as math and physics. Magistral comes in two flavors: Magistral Small and Magistral Medium. Magistral Small is 24 billion parameters in size, and is available for download from the AI dev platform Hugging Face under a permissive Apache 2.0 license. (Parameters are the internal components of a model that guide its behavior.) Magistral Medium, a more capable model, is in preview on Mistral's Le Chat chatbot platform and the company's API, as well as third-party partner clouds. '[Magistral is] suited for a wide range of enterprise use cases, from structured calculations and programmatic logic to decision trees and rule-based systems,' writes Mistral in a blog post. '[The models are] fine-tuned for multi-step logic, improving interpretability and providing a traceable thought process in the user's language.' Founded in 2023, Mistral is a frontier model lab building a range of AI-powered services, including the aforementioned Le Chat and mobile apps. It's backed by venture investors like General Catalyst, and has raised over €1.1 billion (roughly $1.24 billion) to date. Despite its formidable resources, Mistral has lagged behind other leading AI labs in certain areas, like developing reasoning models. Magistral doesn't appear to be an especially competitive release, either, judging by Mistral's own benchmarks. On GPQA Diamond and AIME, tests that evaluate a model's physics, math, and science skills, Magistral Medium underperforms Gemini 2.5 Pro and Anthropic's Claude Opus 4. Magistral Medium also fails to surpass Gemini 2.5 Pro on a popular programming benchmark, LiveCodeBench. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Perhaps that's why Mistral touts Magistral's other strengths in its blog post. Magistral delivers answers at '10x' the speed of competitors in Le Chat, Mistral claims, and supports a wide array of languages, including Italian, Arabic, Russian, and Simplified Chinese. 'Building on our flagship models, Magistral is designed for research, strategic planning, operational optimization, and data-driven decision making,' the company writes in its post, 'whether executing risk assessment and modelling with multiple factors, or calculating optimal delivery windows under constraints.' The release of Magistral comes after Mistral debuted a 'vibe coding' client, Mistral Code. A few weeks prior to that, Mistral launched several coding-focused models and rolled out Le Chat Enterprise, a corporate-focused chatbot service that offers tools like an AI agent builder and integrates Mistral's models with third-party services like Gmail and SharePoint.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store