Market holidays and trading hours provided by Copp Clark Limited. Jeff Weiner will join LinkedIn as Interim President, overseeing day-to-day operations. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. DecemLinkedIn, the world’s largest professional network, today announced founder Reid Hoffman has been appointed LinkedIn’s Chief Executive Officer following the resignation of current CEO, Dan Nye. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO). Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Reid Hoffman has filed for patents to protect the following inventions. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. The departure of Reid Hoffman is not in vain or due to an issue he had with the company, but to void them of further issues or conflict, especially with his goals to invest more in others' development of the same tech.Your CNN account Log in to your CNN account The famous AI company is now soaring to massive heights with its relentless developments in creating artificial intelligence models and is doing fine with what it has now. Musk already left OpenAI, and the company released much tech from its development, including the famous DALL-E 2 which centers on AI art content generation, as well as the famous language models including GPT-3, the one used by its prominent ChatGPT. However, the same executive also criticized OpenAI for their partnership with Microsoft, claiming that they have been overtaken by Big Tech, unlike its previous track before. One of its backers in its early days and most recently is Elon Musk, the famed tech CEO known to invest heavily in different companies he believes in. And is because it was backed by many famous executives in the tech industry since its startup days, and now being one of the most prominent AI companies present in the world. He claims that he will remain an "ally" to OpenAI, and further support their work that is shared with the public, but at the same time, support the industry and other startups. Hoffman is looking to improve more of AI in the world, and he will do this by investing in other companies, as well, and not only in where he previously served as a board member to. Read Also: OpenAI's ChatGPT API Debuts to Developers, Letting Them Add the Chatbot in Their Apps Hoffman Remains an 'Ally,' Assuring AI Growth Reid Hoffman Founder, Executive Chairman at LinkedIn buildd tags Quit job to start Doesn't code Quick stats 2. "But by stepping off the board, I can proactively put to rest any downstream potential issues for both OpenAI and all Greylock portfolio companies I've backed." The executive further claimed that this is the only way to avoid any potential issues with OpenAI and other companies, especially as he serves as its board member. "As OpenAI's APIs become more important to the next wave of AI applications, Greylock and I will be investing in companies, like Tome and Coda, that will use the OpenAI APIs," said Hoffman. The executive is not leaving the company because of some issue or problem he had with its business, and according to his LinkedIn post, he is looking to invest more in AI and to do this, he has to leave his position as a board member of OpenAI.
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