This morning, Microsoft made the surprise move of hiring Sam Altman and Greg Brockman, the former CEO and President of OpenAI, respectively. This strategic decision appears to be Microsoft’s attempt to salvage what it can from the chaos that engulfed the leading AI research lab just before the weekend, when the board of directors of the non-profit overseeing OpenAI decided to fire…
‘Not consistently candid’: The cryptic phrase that ended Sam Altman’s tenure at OpenAI
November 21, 2023
It was a bombshell that rocked the tech world. Sam Altman, the CEO of OpenAI, the most prestigious and visionary AI startup on the planet, was sacked by the board on Friday. And he wasn’t the only one. Greg Brockman, the organization’s president, was also ousted. It was…
Binance Faces $4 Billion Demand From US Justice Department to Settle Criminal Case: Report – Bitcoin News
November 21, 2023
Cryptocurrency exchange Binance is reportedly facing a $4 billion demand from the U.S. Department of Justice (DOJ) in order to settle a criminal case. The Justice Department has been investigating Binance on allegations related to money laundering, bank fraud, and sanctions…
SEC Sues Kraken: Crypto Exchange Plans to 'Vigorously Defend' Its Position in Court – Regulation Bitcoin News
November 21, 2023
The U.S. Securities and Exchange Commission (SEC) has sued cryptocurrency exchange Kraken for the second time this year, alleging that the crypto trading platform operates as an unregistered securities exchange, broker, dealer, and clearing agency. Kraken disagreed with the securities regulator’s claims, insisting: “We do not list securities, and plan to vigorously defend our position.”
SEC…
The rise of electric bicycles is leading to a critical shift in urban transportation, bringing with it the potential for cleaner cities, reduced traffic congestion, and a boost to riders’ physical and mental health. However, there are still two significant barriers…
A Native American tribe is about to put solar panels over its canals
November 21, 2023
The Gila River Indian Community signed a project partnership agreement with the US Army Corps of Engineers to put solar panels over its canals.
This means the US Army Corps of Engineers will kick off construction on Phase I of the Pima-Maricopa Irrigation Project Renewable…
Stellantis plans deal with CATL for LPF batteries, new gigafactory
November 21, 2023
In the race to build small, more affordable electric vehicles to stave off fierce Chinese competition, Stellantis announced this morning that it has signed a broad preliminary joint venture with Chinese EV battery giant CATL. The plan involves buying and developing LFP batteries for the company’s small and mid-sized EVs in Europe. As part of the long-term deal, Stellantis – the parent company…
Emmett Shear, the recently appointed CEO of OpenAI, is a relatively well-known figure in Silicon Valley. Former CEO and cofounder of the live-streaming platform Twitch, Shear was named as the next CEO of OpenAI after Sam Altman was fired by the board. However, a history of…
Understanding OpenAI CEO Emmett Shear’s Twitch roots
November 21, 2023
Former Twitch CEO and cofounder Emmett Shear has been named the interim CEO of OpenAI following the board ousting Sam Altman on Friday. Shear stepped down from Twitch in March 2023 after 16 years at the games livestreaming service.
Altman appears to have been outed by…
The leadership drama unfolding at OpenAI underscores how important it is to have security built into the company’s GPT model creation process.
The drastic action by the OpenAI board Friday to fire CEO Sam Altman led to the reported possible departure of senior architects responsible for AI security, which heightens concerns by potential enterprise users of GPT models about their risks.
Security…
