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ChatGPT Creator OpenAI Slammed by FTC for Violating Privacy and Public Safety Laws
OpenAI faces new accusations from the Federal Trade Commission (FTC) for deploying large artificial intelligence (AI) models that are biased, deceptive, disrupt privacy, and violate public safety laws. FTC Proposes an Immediate Halt of GPT Rollouts The nonprofit research organization... -
Nikola Stock Sinks after Announcing Yet Another Capital Raise
Nikola stock (NYSE: NKLA) fell over 6.5% yesterday after the company announced a $100 million capital raise, its second round of stock sale in less than a year. Citi is the sole book-running manager for the issue and Nikola would... -
Elon Musk and Other Tech Executives Calls for Pause on All AI Experiments
More than 1,300 tech leaders, including Elon Musk, have signed an open letter calling for a pause on experiments on artificial intelligence (AI) systems for six months, citing severe risk to humanity and its entirety. Union of Tech Gurus Against... -
Former FTX Co-Founder, Sam Bankman-Fried, Accused of Paying $40 Million in Bribes to Unfreeze Alameda Research Accounts by Chinese Government Official
Federal prosecutors have charged Sam Bankman-Fried, a former co-founder of FTX, with paying $40 million in bribes to a Chinese government official. However, the alleged bribery was an attempt to unfreeze accounts belonging to Alameda Research, SBF's hedge fund, after... -
Kraken Team Up With Williams Racing in F1 Crypto Deal
United States-based cryptocurrency exchange Kraken has become the first top crypto company to return to Formula 1 racing this year after signing a deal with the Williams Racing F1 team. As part of the agreement, Kraken branding will be placed... -
Lucid Motors Announces Layoffs amid Slowing Growth
Lucid Motors (NYSE: LCID) would lay off around 1,300 employees and reduce its workforce by 18% as the EV (electric vehicle) company grapples with slowing growth and perennial cash burn. In a leaked internal memo, Lucid Motors CEO Peter Rawlinson—a... -
CFTC Sues Binance and Its CEO Zhao Over Alleged Evasion of Regulatory Law
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance and its CEO Changpeng Zhao over the alleged sale of unregistered derivatives to crypto investors in the United States. Details of the CFTC Lawsuit Against Binance According to... -
Nvidia CTO Michael Kagan Skeptical about Cryptocurrencies: Prioritizing AI and Gaming
Michael Kagan, Nvidia's Chief Technical Officer, has voiced concerns about the use of cryptocurrencies in society. He believes cryptocurrencies have no societal value and AI applications, such as the chatbot ChatGPT, are more useful than crypto mining. These comments highlight... -
China-based Banks Extend Friendly Hands to Crypto Firms in Hong Kong Despite Mainland Ban
Ahead of the highly anticipated shift in licensing regime for crypto exchanges scheduled for June, cryptocurrency companies based in Hong Kong have surprisingly found a source of potential support in China owned-banks. A New Ally in the Crypto Sphere According... -
Musk Reportedly Cuts Twitter Valuation in Half but Sees It Rising Over Ten-Fold
Elon Musk, who bought Twitter last year and took it private, has now reportedly cut the valuation by over half to a mere $20 billion but sees the social media company’s valuation eventually rising to over $250 billion. Last year,...
