While a lot of details remain unknown about the exact reasons for the OpenAI board’s firing of CEO Sam Altman Friday, new facts have emerged that show co-founder Ilya Sutskever led the firing process, with support of the board.
While the board’s statement about the firing said it resulted from communication from Altman that “wasn’t consistently candid,” the exact reasons or timing of the…
Tether Freezes $225 Million in USDT After DOJ Investigation, Calling It 'Largest-Ever Freeze of USDT' – Featured Bitcoin News
November 21, 2023
Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze $225 million in USDT following an investigation by the U.S. Department of Justice (DOJ). The tokens were allegedly linked to an international human…
Governments plan to double renewable capacity by 2030, and tripling is within sight, according to a newly released report.
Many countries are already on track to exceed their national targets, and more ambition is achievable to bring a tripling of global renewables within…
Japanese automakers are scrambling to avoid being squeezed out of the market by BYD and other Chinese EVs. Honda and Nissan are the latest to slash rates in overseas markets to boost demand.
It’s no secret that Japanese automakers are some of the biggest laggards as the industry transitions to EVs.
Those same companies are paying for it in overseas markets. According to a new report from…
Ford caves on EV dealer program following IL loss and will cut charger requirements
November 21, 2023
Following a loss in Illinois, Ford is easing some aspects of its EV dealer program. The changes involve reducing the number of required chargers and cutting training costs.
Ford alters EV dealer program following Illinois loss
Illinois’ state motor vehicle board handed…
Tesla investors hopelessly turn to TSLA board to rein in Elon Musk
November 21, 2023
Some Tesla investors are hopelessly turning to the company’s board of directors in the hope that they would rein in Elon Musk following growing concerns that he is negatively affecting Tesla’s brand.
Over the last two years, Musk has tested the faith of his fans and…
Inside OpenAI’s chaotic weekend: The Sam Altman dismissal to Emmett Shear’s appointment
November 21, 2023
OpenAI, the buzzy AI startup behind the fastest-growing business application of all time, ChatGPT, faced a weekend of turmoil that rivaled a Shakespearean tragedy.
On Friday, the organization announced the abrupt termination of its CEO Sam Altman, accusing him of being “not consistently candid in his communications.” It also removed president Greg Brockman in a boardroom coup that shocked the…
Breaking report: 700 of 770 employees at OpenAI, including co-founder Ilya Sutskever, tell the remaining board to resign
November 21, 2023
In a shocking twister to the saga unfolding at OpenAI, news broke Monday morning before 6am that 500 of 770 employees at OpenAI have asked the remaining board at OpenAI to resign. As of Monday afternoon, the number had increased to 700, reporter Ashlee Vance said in a tweet.
Microsoft emerges as ultimate winner in OpenAI power struggle, shares jump 1 percent
November 21, 2023
In a masterful move exemplifying urgent and instinctive leadership, Microsoft CEO Satya Nadella, personally jumped into the chaos happening over the weekend at the leading generative AI company, OpenAI, and came out with as much as he possibly could have.
Working for hours…
Ethereum Network Accounted for Over 90% of Layer 1 Revenues in Q3 — Study – Blockchain Bitcoin News
November 21, 2023
According to a Messari report, the Ethereum network’s revenues constituted more than 90% of the $491.5 million generated by layer 1 chains in Q3. The data also shows that in the period in question, the Aptos network’s revenues were 160% higher than in the preceding quarter.
Ethereum Still Dominates
While the third quarter (Q3) revenue of the Ethereum network fell by 47.3% quarter-on-quarter…
