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Siege of OpenAI: Big Tech Rivals Circle as Startup Faces Challenges
At the end of March, the premier AI startup was collecting superlatives. It had just secured another $40 billion in funding, the largest private tech deal ever. That valued the company at $300 billion, which is the highest of any startup on the planet. Its flagship product, ChatGPT, was attracting some 500 million users a week, far more than its closest competitor. All seemed to be going great for OpenAI CEO Sam Altman, who, on top of it all, welcomed his first child a month earlier. Then the sharks started circling. In the last several weeks, OpenAI has faced attacks...
Founder of Banyan Group Shares Insights on Changing Travel Trends Among Modern Tourists
Kwon Ping Ho, 72, is the founder and executive chair of Banyan Group. Ho said the backpacking travelers of today are a different breed from the checklist sightseers of yesterday. Singapore Institute of Directors This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Banyan Group founder Kwon Ping Ho has spent over 30 years in the hospitality industry. Ho's luxury hotel chain launched its first resort in 1994 and now operates over 90 hotels globally. Ho told BI that tourists today have vastly different expectations from their parents' generation. Kwon Ping Ho has...
Grand Canyon's North Rim Lodge Destroyed by Wildfire, Closing Access for Season
FLAGSTAFF, Ariz. A fast-moving wildfire destroyed a historic lodge and dozens of other structures on the Grand Canyon's North Rim, forcing officials to close access to that area for the season, the park said Sunday. The Grand Canyon Lodge, the only lodging inside the park at the North Rim, was consumed by the flames, park Superintendent Ed Keable told park residents, staff and others in a meeting Sunday morning. He said the visitor center, the gas station, a waste water treatment plant, an administrative building and some employee housing were among the 50 to 80 structures lost. "Numerous" historic cabins...
