OpenAI has raised $6.6 billion in a record-breaking funding round, valuing the company at $157 billion as it transitions from a nonprofit to a for-profit model. This funding, led by Thrive Capital with significant contributions from firms like Microsoft and Nvidia, signals a competitive AI investment landscape, exceeding the previous top raising of $6 billion by Elon Musk’s xAI. The shift has resulted in the departure of key employees amid reported internal tensions, particularly regarding product safety and leadership changes, yet OpenAI continues to affirm its commitment to innovation.

OpenAI Secures $6.6 Billion, Sets Stage for Major Transition Axios

The Community Clinic of Maui, also known as Malama I Ke Ola Health Center, has reported a data breach affecting over 120,000 individuals due to a ransomware attack by the LockBit group earlier this year. The attack disrupted operations, resulting in a two-week closure, and affected sensitive personal and medical information. Although there is no evidence of data misuse for identity theft, the clinic is providing affected individuals with complimentary credit monitoring services. The incident has been reported to the Maine Attorney General’s Office, and while it is unclear if the stolen data has been published, experts warn of potential future exploitation.

Maui Clinic Faces Major Data Breach, 120,000 Individuals Affected SecurityWeek

Ralph de la Torre, MD, has resigned as Chairman and CEO of Steward Health Care effective October 1, following financial difficulties within the organization and a recent Senate vote to hold him in contempt for not attending a mandated committee hearing. Although his departure was described as amicable, de la Torre plans to continue advocating for better reimbursement rates for disadvantaged patients. He has also initiated legal action against the Senate committee, arguing that he was being punished for asserting his Fifth Amendment rights. Meanwhile, Steward Health Care, a for-profit system based in Dallas, is navigating Chapter 11 bankruptcy and seeking to sell its 31 hospitals amid ongoing scrutiny of de la Torre's personal lifestyle.

Ralph de la Torre Resigns Amid Steward Health Care's Financial Crisis Becker's Hospital Review

Chief Financial Officers (CFOs) are taking on greater responsibilities in cybersecurity, recognizing that safeguarding against cyber threats and data breaches is essential for maintaining financial stability and protecting sensitive information. As organizations undergo digital transformation, CFOs must collaborate with Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs) to integrate cybersecurity into the broader business strategy, emphasizing proactive risk management. With financial data becoming a prime target for cybercriminals, ensuring the security of transactions and sensitive information has become a crucial priority for CFOs to prevent significant financial losses and regulatory issues.

CFOs Take Charge: Leading the Charge in Cybersecurity Defense PYMNTS