OPENAI SAFETY HEAD HEIDECKE EXITS AFTER RESHUFFLE
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Johannes Heidecke, OpenAI's head of safety, is leaving the company following an internal reorganization. The departure marks a shift in the AI firm's safety leadership structure.
■ MORE FROM THE BIG TECH DESK
IBM shares plummeted 25% on Tuesday following preliminary second-quarter earnings that missed analyst expectations, marking the company's worst trading day since the 1987 stock market crash.
Nokia's stock surge is forcing investors to reassess the Finnish company as an infrastructure beneficiary of the AI boom rather than a legacy telecom-equipment maker.
Stripe and private equity firm Advent International have jointly offered $60.50 per share to acquire PayPal, representing a 28% premium to Tuesday's closing price and valuing the payments company at over $53 billion.
X's product head Nikita Bier acknowledged Monday that a broken algorithm stripped visibility from posts shared among mutual followers, making the platform feel combative. The company says it's implementing a fix to boost content distribution among connected users.