OpenAI reaches a deal in principle for Sam Altman to return as CEO, with an initial board of Bret Taylor as Chair alongside Larry Summers and Adam D'Angelo
OpenAI said late Tuesday that it had reached a deal in principle for Sam Altman to return as CEO, with a new board chaired by former Salesforce co-CEO Bret Taylor.
Binance and CZ plead guilty to federal charges as part of a $4.3B settlement with the US DOJ; charges include violating sanctions and anti-money laundering laws
- The U.S. Department of Justice has brought criminal charges against Binance and its billionaire founder and CEO, Changpeng Zhao.
Changpeng Zhao steps down as CEO of Binance, saying “it is the right thing to do”, replaced by Richard Teng, formerly the Global Head of Regional Markets
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do.
Source: OpenAI's initial board plans to vet and appoint a new formal board of up to nine people; Adam D'Angelo remained to give the prior board representation
Sam Altman will return as CEO of OpenAI, overcoming an attempted boardroom coup that sent the company into chaos over the past several days.
Sources: before his ousting, Sam Altman moved to push out board member Helen Toner over a paper he thought was critical of OpenAI, among other board tensions
Sam Altman attacked a member over a research paper that discussed the company, while directors disagreed about who should fill board vacancies open for months.
OpenAI insiders and other sources describe the turmoil within OpenAI following Sam Altman's ousting and how Altman's supporters rallied behind him
Wall Street Journal :
Nvidia reports Q3 revenue up 206% YoY to $18.12B, vs. $16.18B est., Data Center revenue up 279% YoY to $14.51B, and net income up 1,259% YoY to $9.2B
- Nvidia's results surpassed analysts' projections for revenue and income in the fiscal fourth quarter.
Larry Summers, now on OpenAI's interim board, believes AI is coming for white-collar jobs; Summers sits on Block's and Skillsoft's boards and advised a16z
Late on Tuesday night, OpenAI announced the return of Sam Altman, its ousted chief executive officer, along with a revamped board …
Sources: in 2019, Paul Graham flew from the UK to San Francisco to fire his protégé Sam Altman from YC, worried that Altman put his interests ahead of YC
Before OpenAI, Altman was asked to leave by his mentor at the prominent start-up incubator Y Combinator … X: @cher0x801 , @bigmeaninternet , @deljohnsonvc , @josh_wills , @itsurboyevan , @itsurboyevan...
Source: as part of the deal, Sam Altman and Greg Brockman will not reclaim their board seats; Altman had pushed for more control; OpenAI retains its structure
Sam Altman, who was fired on Friday as CEO of OpenAI and was reinstated Tuesday night after a dramatic battle with the company's board …
Source: OpenAI's initial board and Sam Altman's camp have agreed to conduct an independent investigation into the ouster of Sam Altman and its aftermath
Company says it will have new initial board of Bret Taylor, Larry Summers and Adam D'Angelo — OpenAI said Sam Altman will return …
At Microsoft's request, researchers find multiple flaws in the top three fingerprint sensors in laptops and used for Windows Hello fingerprint authentication
Authors: — TL;DR — Microsoft's Offensive Research and Security Engineering (MORSE) asked us to evaluate the security …
A look at Changpeng Zhao's rapid downfall, from triggering FTX's collapse a year ago and posting a dismissive “4” to news of breaking US laws to pleading guilty
@cz_binance on his departure https://www.bloomberg.com/... [image] Tim Copeland / @timccopeland : here's what CZ said on stage in London in 2019 [image]
OpenAI makes ChatGPT with voice now available to all free users
Ex-OpenAI president Greg Brockman — who, as far as we're aware, isn't currently employed at OpenAI in any capacity — is posting updates about OpenAI products on X, including one today about ChatGPT's ...
DefiLlama: Binance's 24-hour outflows reached $1B as of 2:30AM ET on November 22 and seven-day net outflows were $703.1M, after Changpeng Zhao pled guilty
Timmy Shen / The Block :
Filing: Changpeng Zhao agrees to pay a criminal fine of $50M and can retain his majority ownership of Binance but can't hold an executive role at the company
US filings: Binance's lax rules and staff misconduct helped Hamas, al-Qaeda, and ISIS raise funds, let Iranians conduct 1.1M+ transactions worth $899M, and more
David Voreacos / Bloomberg :
The US Department of Energy's Idaho National Laboratory confirms a data breach after “SiegedSec” hacktivists leaked stolen HR data on hacker forums and Telegram
The Idaho National Laboratory (INL) confirms they suffered a cyberattack after ‘SiegedSec’ hacktivists leaked stolen human resources data online.
Nvidia expects strong growth in most regions to offset a “significant” drop in sales to China because of recently tightened AI chip rules
Michael Acton / Financial Times :
Email: Mt. Gox plans repay some creditors “within the 2023 calendar year”, likely extending into 2024, marking the first step in repayments for all creditors
- An email to creditors said that the defunct bitcoin exchange plans to commence cash repayments this year and will likely continue repaying into next year.
Paris Hilton's 11:11 Media suspends an ad campaign on X one month after announcing a partnership with X; it's unclear whether the partnership is still on
Paris Hilton's entertainment company 11:11 Media has pulled an advertising campaign from Elon Musk's X just one month after announcing …
Inflection AI debuts Inflection-2, an LLM the company claims outperforms Llama 2 and Google's PaLM in some tests, and plans to add the model to its Pi chatbot
The startup behind the chatbot Pi says its Inflection-2 model outpaces popular alternatives from Google and Meta, and is catching up to OpenAI's flagship fast.
How Carl Rinsch's sci-fi TV series became a costly fiasco for Netflix, which burned $55M+ without receiving a single episode, an example of streaming excess
After suitors flocked to a sci-fi project by Carl Rinsch, director of a single movie, the winner handed over money and control.
Internal Alibaba memo: Jack Ma has not yet sold any Alibaba stock due to the price not reaching his desired level; Ma planned to sell 10M shares for ~$870M
- Ma earlier planned to sell 10 million shares this week — Alibaba's overhaul in doubt after canceling cloud spinoff
Australia unveils a A$587M seven-year cyber resilience plan that includes cyber health checks for small businesses and mandatory reporting of ransomware attacks
Byron Kaye / Reuters :
Tiger Global Management's Scott Shleifer will transition from his role leading private investments to a senior adviser role, effective January 1, 2024
and a map of his empire Kul Bhushan / Entrackr : Tiger Global's private investment head Scott Shleifer steps down Connie Loizos / TechCrunch : Tiger Global chieftain Scott Shleifer transitions to advi...
A Florida judge rules he found “reasonable evidence” that Tesla knew about the Autopilot defect, opening the door to a public trial over a fatal Tesla car crash
In a letter to Elon Musk, 27 US lawmakers, all Democrats, express concern that X seems to be profiting from anti-Israel propaganda via ads and subscriptions
Dear Ms. Yaccarino and Mr. Musk, We write to express our grave concern surrounding … Julia Shapero / The Hill : Democrats accuse X of profiting from Israel-Hamas misinformation, violent content Kevin ...
Court filing: crypto lender Genesis sues the Winklevoss' exchange Gemini Trust to recover $689M, alleging Gemini made preferential transfers to other creditors
Amitoj Singh / CoinDesk :
Stability AI releases Stable Video Diffusion in research preview, its first foundation model for generative video based on the Stable Diffusion image model
a latent video diffusion model for high-resolution, state-of-the-art text-to-video and image-to-video generation.... [video] Tanishq Mathew Abraham, PhD / @iscienceluvr : Stability AI is releasing Sta...
Anthropic debuts Claude 2.1, offering a context window of up to 200K tokens, or ~150K words, a claimed 50%+ increase in accuracy, new API integrations, and more
Our latest model, Claude 2.1, is now available over API in our Console … Aaron Drapkin / Tech.co : Claude 2.1: Anthropic's ChatGPT Rival Gets New Killer Feature Jose Antonio Lanz / Decrypt : Anthropic...
Counterpoint Research: global monthly smartphone sell-through volumes grew 5% in October 2023, the first month to record YoY growth since June 2021
Baranjot Kaur / Reuters :
A study of tech suppliers' decarbonization efforts: Intel, Foxconn, Luxshare, Samsung, and TSMC's emissions rose from 2020 to 2022; Foxconn and Samsung got a D+
The global consumer electronics market generated approximately US$1,052 billion … X: @greenpeaceeasia : BREAKING: @Samsung received the lowest score in the semiconductor category of Greenpeace's elect...
India's Enforcement Directorate accuses edtech giant Byju's of violating rules under the country's Foreign Exchange Management Act to the tune of $1.12B
Manish Singh / TechCrunch :
A London tribunal rules Sony must face a lawsuit alleging it abused its dominance by forcing digital games and add-ons to be bought and sold only via its store
Spotify unveils new royalty policies from 2024: tracks must hit 1,000 streams in the previous year and noise recordings must be over two minutes
Sources: Sonos plans to make a long-awaited headphones push, launching a $400 model as soon as April, alongside on a video service, streaming device, and more
Mark Gurman / Bloomberg :
HP reports Q4 revenue down 6.5% YoY to $13.8B, vs. $13.8B est., Personal Systems revenue down 8% YoY to $9.4B, and Printing revenue down 3% YoY to $4.4B
Jon Swartz / MarketWatch :
Skype co-founder Jaan Tallinn, one of the most prominent backers of “effective altruism”, now questions the merits of running companies based on the philosophy
A US district judge dismisses most claims in a lawsuit by Sarah Silverman and other authors against Meta's use of copyrighted material to train Llama models
Winston Cho / Hollywood Reporter :
The US FTC approves a new resolution to streamline investigations of cases where AI is used to break the law
EAO: global streamers spent €4.9B on European original content in 2022, up 70% YoY; Netflix spent €2.2B, Amazon €1.1B, Disney €500M, and HBO and Apple €400M
Scott Roxborough / The Hollywood Reporter : See also Mediagazer
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