🚫 Amazon's boardroom power play

What we’ll cover today:

🚫 Amazon's boardroom power play: CEO + Chair drama

💻 OpenAI’s $6.4B hardware bet: ChatGPT 2.0?

🎙️ The chatter from SaaS leaders

Amazon Shareholders Reject Splitting CEO & Chair Roles 🚫

Amazon (the giant behind your packages) had a big vote—should the CEO and board chair roles be split? Shareholders (82% of them!) said no.

🚨Breaking News:
Amazon’s shareholders voted against a proposal to separate the CEO and chair roles, keeping Andy Jassy and Jeff Bezos in their spots.

⚡Wire Simplified –

• Andy Jassy is Amazon’s CEO, and Jeff Bezos is the chair.

• A proposal wanted to split the two roles permanently.

• Shareholders rejected the idea by a huge margin (82% said no).

• The current setup started in 2021 when Bezos stepped down as CEO.

• Some argue splitting roles = better accountability, but Amazon isn’t budging.

✔️Straight to the Point –
Amazon’s keeping its leadership as is—Andy and Jeff stay in their roles. Shareholders clearly trust the current setup.

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OpenAI’s Big Bet on AI Hardware 💻🤖

OpenAI (the folks behind ChatGPT) is betting big on Jony Ive’s new AI hardware startup. CFO Sarah Friar says it’s all about great people.

🚨Breaking News:
OpenAI is spending $6.4 billion on Jony Ive’s AI hardware venture, hoping it’ll supercharge ChatGPT in the future.

⚡Wire Simplified –

• Jony Ive, the design legend from Apple, runs a new AI hardware startup.

• OpenAI is investing billions in his company.

• CFO Sarah Friar says it’s a long-term bet on talent and vision.

• They believe better hardware = better ChatGPT.

• It’s a $6.4 billion gamble, mixing equity and partnerships.

✔️Straight to the Point –
OpenAI is betting on Jony Ive’s hardware to take ChatGPT to the next level. It’s a bold, risky play.

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