Higher interest rates pulled valuations down while streaming and publishing growth pushed valuations higher, according to a report from Shot Tower Capital.
Apple and Goldman Sachs are potentially ending their partnership four years after joining forces on an Apple credit card, The Wall Street Journal reports. The companies recently extended their agreement until 2029, but Apple pr…
Sam Altman is returning to OpenAI as CEO after his firing five days ago launched the company onto one of the wildest rollercoaster rides in tech history. Former president Greg Brockman, who resigned on Friday in protest, will also return, The Verge’s sources say. The original board has been disbanded and replaced by a new,…
Binance CEO Changpeng Zhao is set to plead guilty to federal money laundering charges and step down from his position at the company he founded. Zhao and the cryptocurrency exchange have reached a plea deal with the government,…
It’s been an eventful weekend at OpenAI’s headquarters in San Francisco. In a surprise move Friday, the company’s board of directors fired co-founder and CEO Sam Altman, which set off an institutional crisis that has seen senio…
Cruise, the self-driving car company owned by General Motors, confirmed to Reuters that its co-founder and chief product officer Daniel Kan has resigned. Kan’s departure comes just a day after the company’s CEO Kyle Vogt announ…
Microsoft is the real winner of the OpenAI chaos that reigned over the weekend, and its rallying stock price is indicative of that. Upon the shocking news that OpenAI’s board had unexpectedly fired CEO Sam Altman on Friday, reportedly to due inte…
The OpenAI chaos took another twist on Monday morning as most of the company’s staff threatened to quit unless the board resigns and reinstates former CEO Sam Altman and ex-president Greg Brockman. According to Wired and K…
Following his surprise firing on Friday, former OpenAI CEO Sam Altman might not be as out of a job as we initially thought he was, according to report from The Verge on Saturday. Reportedly, sources close to Altman say tha…
An internal memo sent to OpenAI staff on Saturday after former CEO Sam Altman’s abrupt firing reiterates that “a breakdown in communication” led to the decision, not “malfeasance or anything related to our financial, business, …
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