OpenAI and Microsoft sued over alleged unauthorized use of authors’ work
Julian Sancton, an author and Hollywood reporter, accuses Microsoft of being aware of OpenAI’s indiscriminate internet crawling for copyrighted material. Go to Source
Month: November 2023
New Binance CEO Richard Teng pitches ‘very strong’ foundation to skeptics
Teng’s tenure will focus on three aspects of the business as the CEO — reinstating investor confidence, collaborating with regulators and driving Web3 adoption, he said. Go to Source
Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says
Many on Twitter compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, whose then-CEO was also forced to step down. Go to Source
Belgium seeks to reboot the EU blockchain infrastructure project
The country’s government plans to accelerate the development of a European blockchain infrastructure during its presidency of the EU Council. Go to Source
FTC enhances investigative procedures to deal with AI-related lawbreaking
The Federal Trade Commission (FTC) unanimously approved a measure to streamline its staff’s ability to issue civil investigative demands (CIDs) in AI investigations while retaining its authority to determine when CIDs are issued. Go to Source
CZ departure, Binance deal lead to purge of $175M of crypto longs
Data aggregator DefiLlama showed that Binance’s crypto asset inflows in the last 24 hours have fallen by over $1 billion. Go to Source
Mt. Gox creditors offered fresh hope with new ‘commencement of repayment’ email
The Mt. Gox trustee announced the redemption of $47 million in trust assets amid social media reports suggesting repayment to creditors could start in 2023. Go to Source
CZ cites Star Trek to Binance staff: ‘l need everyone to continue performing admirably’
Former Binance CEO CZ sent a letter to employees after he stepped down, assuring employees the company would be fine, and quoting a famous Star Trek line as he closed. Go to Source
Bankrupt crypto lender Genesis sues Gemini to recover $689M worth of ‘Preferential Transfers’
Genesis claims Gemini made preferential transfers of about $689,302,00 from Genesis and wants the court to “correct this unfairness.” Go to Source
OpenAI to rehire Sam Altman as CEO with new initial board members
OpenAI says it has reached an agreement in principle for Sam Altman to return as CEO, with a new board including Bret Taylor as chairman, Larry Summers, and Adam D’Angelo. Go to Source