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…
Nvidia’s Stock Hits All-Time High on Eve of Earnings Report Shares of Nvidia soared to an all-time high on Monday, closing up 2.3% at a peak of over $503. The surge came just before the company’s fiscal third-quarter earnings release, where analysts are predicting a remarkable over 170% revenue growth. Furthermore, premonitions for the fiscal…
Stock Market Sees Carnage Due to U.S. Monetary Policy Shift The Federal Reserve’s abandonment of easy-money policies has led to a fight to squash inflation, marking a dramatic shift in U.S. monetary policy. Investors have had to adapt to this new reality, with stock prices seeing significant drops since January 2022. Notably, major U.S. equity…
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…
Kyle Vogt, the CEO and co-founder of Cruise, an autonomous vehicle venture owned by General Motors, has resigned from his position. The announcement was made in a company statement sent to CNBC on Sunday. Mo Elshenawy, former executive VP of engineering at Cruise, will now take over as president and CTO for the company. Vogt…
Former OpenAI CEO Sam Altman made a surprise appearance at the company’s headquarters following reports that investors were pushing to reinstate him just one day after he was ousted by the board. Altman, who founded the company, posted a photo of himself wearing an OpenAI visitor badge on social media, with OpenAI’s chief strategy officer…
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…
OpenAI’s COO, Brad Lightcap addressed the sudden departure of CEO Sam Altman in a memo to employees, emphasizing that the decision was not related to any misconduct or financial issues. According to Lightcap, there was a “breakdown in communication” between Altman and the board, and discussions about the company’s future are ongoing. He assured employees…
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…
