Tag Archives: Wired

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.

Posted in Business | Tagged | Comments Off on OpenAI’s Boardroom Drama Could Mess Up Your Future

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.

Posted in Business | Tagged | Comments Off on Elon Musk Trolls His Way Into the OpenAI Drama

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.

Posted in Business | Tagged | Comments Off on Binance CEO Changpeng Zhao Quits, Pleads Guilty, and Must Pay $200 Million 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.

Posted in Business | Tagged | Comments Off on DOJ Charges Binance With Vast Money-Laundering Scheme and Sanctions Violations

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.

Posted in Business | Tagged | Comments Off on Elon Musk’s Media Matters Lawsuit Will Have a ‘Chilling Effect’

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.

Posted in Business | Tagged | Comments Off on Binance CEO Changpeng Zhao Quits and Pleads Guilty to Breaking US Law

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.

Posted in Business | Tagged | Comments Off on Temu Is Burning Cash to Challenge Shein and Amazon on Black Friday

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.

Posted in Business | Tagged | Comments Off on A DOJ Settlement Would Show Binance Is Too Big to Fail

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.

Posted in Business | Tagged | Comments Off on New Orleans Tried to Control Short-Term Rentals With a Lottery System. It Was a Mess

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.

Posted in Business | Tagged | Comments Off on New York Wants More Electric Ubers. Everyone Is Mad