OpenAI CEO Sam Altman was ousted from his position for four days after a letter from staff researchers warned of a powerful artificial intelligence discovery that could threaten humanity, according to Reuters. The letter and AI algorithm catalyzed Altman’s removal, and before his return, over 700 employees threatened to quit in solidarity. The letter was…
Binance CEO, Changpeng Zhao, Pleads Guilty in a Deal with the Department of Justice after Stepping Down Binance, the world’s largest cryptocurrency exchange, is experiencing a sizeable loss as outflows from the platform have surpassed $1 billion in the last 24 hours, excluding Bitcoin. This comes after the exchange’s co-founder and CEO, Changpeng Zhao, pleaded…
“Microsoft Prepares LinkedIn Offices for OpenAI Employees as Uncertain Future Looms As the status of OpenAI remains uncertain, Microsoft is taking proactive measures to ensure that the startup’s employees have a place within the company. Microsoft is making preparations to accommodate hundreds of OpenAI employees at its LinkedIn offices in downtown San Francisco. This move…
Plaid, a U.S. financial technology firm, announced the appointment of Brian Dammeir, former Adyen executive, as its newest head of Europe. Dammeir’s previous role of Adyen’s global head of unified commerce out of San Francisco involved leading a key part of Adyen’s business focusing on different payment experiences, including the online, in-store, and app-based, on…
Emmett Shear Named Interim CEO of OpenAI: An Analysis of the Move and its Implications It was a surprising move when former CEO of OpenAI, Sam Altman, was ousted from his role last week. However, the shock did not last long, as his replacement has already been named. After much speculation and rumors over the…
Mastercard collaborates with Feedzai to combat crypto fraud In a bid to prevent and detect fraud in the cryptocurrency space, Mastercard has teamed up with Feedzai, a leading regulatory technology platform. This partnership aims to utilize artificial intelligence to combat money laundering and financial scams reaching over 6,000 crypto exchanges. The collaboration involves Feedzai integrating…
Meta Disbands Responsible AI Team, Reassigns Members to Generative AI and AI Infrastructure Divisions The CEO of Meta, Mark Zuckerberg, attended a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C. on September 13, 2023. Meta has disbanded its Responsible AI division, a team dedicated to regulating the safety of…
In a tweet late Friday night, Elon Musk, the CTO of social media platform X, threatened to file a lawsuit against Media Matters and others for what he called a “fraudulent attack” on their company. This came after a report last week from Media Matters for America (MMFA) showed ads for mainstream brands on X…
Apple and Disney have both halted their online advertising campaigns on X, formerly Twitter, after Elon Musk expressed support for an antisemitic tweet. This decision was confirmed by sources familiar with both companies’ moves. In addition, other companies like Warner Bros Discovery, Paramount Global, Lions Gate Entertainment, and Comcast have also suspended their campaigns on…
Amazon confirmed on Friday that it has started laying off multiple employees in its Alexa division as part of a broader company-wide belt-tightening. Daniel Rausch, Amazon’s vice president of Alexa and Fire TV, notified the affected employees of the job cuts in a memo. The company has been making cost cuts since last year due…
