OpenAI, the artificial intelligence research lab, is undergoing significant changes as Sam Altman is set to return as CEO [c7302e9d]. Altman, who was previously dismissed by the board, will be reinstated following an agreement reached in principle. The board of directors will also be partially reconstituted with the addition of Bret Taylor, Larry Summers, and Adam D'Angelo [c7302e9d]. Altman's return is seen as a crucial step towards more stable governance at OpenAI, which has faced turmoil and staff resignations in recent weeks [69aad7e7].
In the UK, Chancellor Jeremy Hunt is expected to announce tax cuts as part of his economic agenda [c7302e9d]. The plans include a 6.7% increase in benefits, with concerns that a lower inflation figure could result in a smaller increase. Hunt's proposals also include measures to support businesses, such as extending the temporary 'full expensing' system and raising the national living wage to £11.44 per hour from April [c7302e9d].
The return of Sam Altman as OpenAI CEO marks a significant development in the ongoing crisis at the organization. Altman's reinstatement, along with the changes to the board, is expected to bring more stability and address the concerns raised by staff members [c7302e9d]. Meanwhile, Jeremy Hunt's anticipated tax cuts aim to stimulate the economy and support businesses. The announcement of these measures will be closely watched by various stakeholders, including business groups and economists [c7302e9d].