Sources
Recent Posts
- FTX’s Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud
- Meta’s Reality Labs posts $4.4 billion loss in third quarter
- monday.com: Working to Simplify AI Adoption and Trust
- Zoox co-founder on Tesla self-driving: ‘they don’t have technology that works’
- How to Sync Outlook Contacts with Your iPhone Easily
Archives
Category Archives: Business
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.
A DOJ Settlement Would Show Binance Is Too Big to Fail
The US government is reportedly willing to suspend criminal charges against crypto exchange Binance, provided it steps into line—and pays $4 billion.
New Orleans Tried to Control Short-Term Rentals With a Lottery System. It Was a Mess
In trying to limit the impact of short-term rentals like Airbnbs, New Orleans used an elaborate lottery system to pit neighbors against each other. A lawsuit from angry hosts has put it in limbo.
New York Wants More Electric Ubers. Everyone Is Mad
New York City is lagging in the electric vehicle transition, and officials want to speed it up. What could go wrong? Well, the court’s involved now.