Investors Prepare to Sue OpenAI Board
Investors in OpenAI are considering suing the company’s non-profit board of directors
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Binance CEO Steps Down, Pleads Guilty to Federal Crimes
The world’s largest crypto exchange will pay more than $4 billion in penalties.
Luminar Technologies CEO’s Deal to Buy Forbes Called Off
Austin Russell's bid to buy Forbes was called off by the parent company of the business publication after the billionaire could not secure funding.
Elon Musk’s X Corp. Sues Media Matters Over Advertiser Boycott
Media Matters calls the lawsuit “frivolous.”
Microsoft Will Hire Every OpenAI Employee Who Quits; Match Pay, CTO Says
“If needed, you have a role at Microsoft that matches your compensation,” Microsoft CTO Kevin Scott told OpenAI employees.
Kim Kardashian’s SKKY Partners Invests in Truff Sauces
The deal is the first transaction the firm has announced.
Jeff Zucker’s RedBird IMI Offers to Take Control of the Telegraph
Zucker's RedBird IMI, which is backed by Gerry Cardinale's RedBird Capital and Abu Dhabi-based IMI, could soon own a top U.K. news outlet.
Chinese Search Giant Baidu Reports Ad Sales Recovery
Baidu faces bigger challenges ahead as it tries to be China's domestic leader in the development of artificial intelligence.
OpenAI Execs to Continue Discussions With Altman, Board: Memo
OpenAI vice president of global affairs Anna Makanju told employees that that executives had a plan they were working towards, although she offered no further details.
Microsoft CEO Nadella Says Altman Could End Up at Microsoft or OpenAI; Board Governance Should Change
“I’m open to both options,” Nadella said on Monday.
SEC Sues Crypto Exchange Kraken
The SEC has also sued other crypto exchanges like Coinbase and Binance for operating as unregistered securities exchanges.
DOJ Seeks Over $4 Billion From Binance to Resolve Criminal Investigation
The talks between the DOJ and Binance include the possibility of criminal charges against Binance CEO Changpeng Zhao.
Airbnb Taps Ron Klain as Chief Legal Officer
The company has a long track record of hiring former senior government officials as it battles local regulations.
Linda Yaccarino Pushes Back on Critics, Ad Defections
The CEO of X said critics of the platform are a "vocal minority trying to use deceptive tactics to undermine our work."
OpenAI Investors Still Have Hope Altman Will Return if Board Resigns
Investors have a lot riding on a potential turnaround. OpenAI raised billions from Microsoft and VC firms like Khosla Ventures and Sequoia Capital.
Crypto Exchange Bullish Acquires CoinDesk
DCG began exploring a sale for the site last year after the collapse of FTX forced the lending unit of another DCG subsidiary, Genesis, into bankruptcy.
OpenAI Staff Threaten To Quit Unless Board of Directors Resigns
Board member Ilya Sutskever was among the letter's signers
Nadella Says Altman, Brockman, other OpenAI Employees to Join Microsoft
Nadella said on X that Microsoft would move “quickly to provide them with the resources needed for their success."
Cruise CEO and Co-Founder Kyle Vogt Resigns
Cruise's license to operate in San Francisco was revoked last month over safety concerns
Microsoft Shareholder Third Point Says OpenAI’s Board Had ‘Stunningly Poor Governance’
Microsoft, which did not have board representation at OpenAI, is one of hedge fund Third Point's largest holdings
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy