Washington Post: Sources: in 2019, Paul Graham flew from the UK to San Francisco to fire his protégé Sam Altman from YC, worried that Altman put his interests ahead of YC — Before OpenAI, Altman was asked to leave by his mentor at the prominent start-up incubator Y Combinator … Lees verder op Tech Meme
Olga Kharif / Bloomberg: A look at Changpeng Zhao’s rapid downfall, from triggering FTX’s collapse a year ago and posting a dismissive “4” to news of breaking US laws to pleading guilty — – Deal with DOJ may allow Binance to keep operating, report says — Billionaire played a key role in moving crypto into mainstream Lees verder op Tech Meme
Amitoj Singh / CoinDesk: Court filing: crypto lender Genesis sues the Winklevoss’ exchange Gemini Trust to recover $689M, alleging Gemini made preferential transfers to other creditors — Genesis and Gemini have been embroiled in a public and legal feud since the collapse of FTX. — Register Now Lees verder op Tech Meme
Mark Bergen / Bloomberg: Larry Summers, now on OpenAI’s interim board, believes AI is coming for white-collar jobs; Summers sits on Block’s and Skillsoft’s boards and advised a16z — Late on Tuesday night, OpenAI announced the return of Sam Altman, its ousted chief executive officer, along with a revamped board … Lees verder op Tech Meme
Timmy Shen / The Block: Email: Mt. Gox plans repay some creditors “within the 2023 calendar year”, likely extending into 2024, marking the first step in repayments for all creditors — – An email to creditors said that the defunct bitcoin exchange plans to commence cash repayments this year and will likely continue repaying into next year. Lees verder op Tech Meme
Jane Zhang / Bloomberg: Internal Alibaba memo: Jack Ma has not yet sold any Alibaba stock due to the price not reaching his desired level; Ma planned to sell 10M shares for ~$870M — – Ma earlier planned to sell 10 million shares this week — Alibaba’s overhaul in doubt after canceling cloud spinoff Lees verder op Tech Meme
The Verge: Source: OpenAI’s initial board plans to vet and appoint a new formal board of up to nine people; Adam D’Angelo remained to give the prior board representation — Sam Altman will return as CEO of OpenAI, overcoming an attempted boardroom coup that sent the company into chaos over the past several days. Lees verder op Tech Meme
Amir Efrati / The Information: Source: as part of the deal, Sam Altman and Greg Brockman will not reclaim their board seats; Altman had pushed for more control; OpenAI retains its structure — Sam Altman, who was fired on Friday as CEO of OpenAI and was reinstated Tuesday night after a dramatic battle with the company’s board … Lees verder op Tech Meme
The Verge: Source: OpenAI’s initial board plans to vet and appoint a new formal board of up to nine people; Microsoft and Sam Altman are likely to have seats — Sam Altman will return as CEO of OpenAI, overcoming an attempted boardroom coup that sent the company into chaos over the past several days. Lees verder op Tech Meme
Ina Fried / Axios: OpenAI reaches a deal in principle for Sam Altman to return as CEO, with an initial board of Bret Taylor as Chair alongside Larry Summers and Adam D’Angelo — OpenAI said late Tuesday that it had reached a deal in principle for Sam Altman to return as CEO, with a new board chaired by former Salesforce president Bret Taylor. Lees verder op Tech Meme