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Category Archives: Business
The Rise of AI in Alternative Browsers—and What’s Next
Developers at smaller companies have been adding new ways to experience the internet with AI assistance. Their visions for the future radically differ.
Crypto Started With Grand Dreams, Then Backroom Deals. Now It’s Mired in Lawsuits
A self-described Ethereum pioneer says he’s suing his former colleagues over the origins of a piece of crypto infrastructure—and to show how “rotten” the industry has become.
Sam Altman Reaches Agreement to Return to OpenAI
After days of chaos at ChatGPT creator OpenAI, the company says it has “in principle” reached an agreement for ousted CEO Sam Altman to return to his post.
OpenAI’s Boardroom Drama Could Mess Up Your Future
OpenAI’s board appears to have ejected Sam Altman in an attempt to preserve OpenAI’s mission of keeping AI development safe. The chaotic results have done the exact opposite.
Elon Musk Trolls His Way Into the OpenAI Drama
Elon Musk cofounded OpenAI but left after his own failed coup. Now he has shared an unsigned letter containing unverified accusations against the recently fired CEO Sam Altman.
Binance CEO Changpeng Zhao Quits, Pleads Guilty, and Must Pay $200 Million in Fines
Changpeng Zhao, also known as CZ, will step down and plead guilty to violating money-laundering requirements as part of a DOJ settlement. The company will also pay $4.3 billion in fines.
DOJ Charges Binance With Vast Money-Laundering Scheme and Sanctions Violations
From Russia to Iran, the feds have charged Binance with allegedly conducting well over $1 billion in transactions with sanctioned countries and criminal actors.
Elon Musk’s Media Matters Lawsuit Will Have a ‘Chilling Effect’
Musk has filed his “thermonuclear” suit against Media Matters for America at the same time the Texas Attorney General launched an investigation into the nonprofit.
Binance CEO Changpeng Zhao Quits and Pleads Guilty to Breaking US Law
Changpeng Zhao, also known as CZ, will step down and plead guilty to violating money laundering requirements as part of a DOJ settlement. The company will also pay $4.3bn in fines.
Temu Is Burning Cash to Challenge Shein and Amazon on Black Friday
Reports show Temu is growing faster than even its owners expected, but it’s still losing money and straining its logistics as it tries to compete with Shein, TikTok, and Amazon.