Microsoft CEO Satya Nadella revealed on Monday that Sam Altman, a key figure at OpenAI and co-founder of ChatGPT, has been hired, along with his team, to lead a new advanced AI research division at Microsoft. Altman, who gained prominence with the launch of the AI chatbot, shared his commitment to the mission on X (formerly Twitter).
The move follows Altman’s dismissal by OpenAI’s board last Friday, prompting notable departures from the company and a reported push by major investors to reinstate him. Despite pressure from Microsoft and other investors, the board upheld its decision, emphasizing it as essential to advance and defend OpenAI’s mission.
In response to Altman’s removal, the board appointed Emmett Shear, former CEO of Amazon’s Twitch streaming service, as interim CEO. The board expressed concerns about Altman underestimating the dangers of OpenAI’s technology and diverting from its mission, leading to the decision to remove him.
OpenAI investors, including Microsoft, reportedly sought to reinstate Altman as CEO, with Microsoft having invested over $10 billion in OpenAI and incorporating its technology into its products. Generative AI platforms like ChatGPT, which answer questions in human-like language and manipulate imagery, have raised concerns about potential misuse, such as deepfake images and harmful disinformation.
Ilya Sutskever, co-founder of OpenAI and a respected AI expert, raised concerns about the company’s business direction and technology threats. Sutskever reportedly informed OpenAI staff that Altman would not return, according to Bloomberg.
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EFCC Issues Warning on Rising ATM Swap Fraud
In a recent statement issued on Tuesday, the Economic and Financial Crimes Commission (EFCC) has sounded an alarm over the surge in ATM switch scams, cautioning Nigerians to exercise heightened awareness to protect themselves from falling victim to this nefarious activity.
Mr. Dele Oyewale, the Head of Media and Publicity for the EFCC, conveyed the urgent recommendation in response to a rising tide of complaints related to this type of financial crime. The EFCC’s investigations have unveiled a concerning trend where unauthorized withdrawals are traced back to ATM Debit Card switching or fraud.
The perpetrators employ a cunning method, as outlined by Oyewale. They seize the opportunity when a bank customer appears confused or in need of assistance at an ATM. In a hurried and inconspicuous manner, the fraudsters swap the customer’s debit card with another from the same bank. Simultaneously, they memorize the PIN used during the transaction.
“The cards get stuck in the machine due to a wrong pin, and the fraudster quickly abandons the victim, advising him/her to report to the bank while making away with the victim’s card to make immediate withdrawals from the account,” explained Oyewale.
This deceptive card-swapping tactic is not limited to ATMs alone; it can occur at various service delivery points, including Point of Sale (POS) terminals. The EFCC’s warning serves as a crucial reminder for individuals to remain vigilant during their financial transactions and to report any suspicious activity promptly.
As technology continues to advance, so do the methods employed by criminals. The EFCC encourages the public to adopt additional safeguards, such as regularly checking bank statements, reporting lost or stolen cards promptly, and being cautious of any unsolicited assistance at ATMs. By raising awareness about the risks associated with ATM switch fraud, the EFCC aims to empower Nigerians in safeguarding their financial well-being.
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