The FTC is reportedly looking into Microsoft’s $13 billion OpenAI investment
OpenAI’s recent drama hasn’t only caught UK regulators’ attention. Bloomberg reported Friday that the Federal Trade Commission (FTC) is looking into Microsoft’s investment in the Sam Altman-led company and whether it violates US antitrust laws. FTC Chair Lina Khan wrote in a New York Times op-ed earlier this year that…
Intuit is shutting down Mint, its popular free budget-tracking app
Intuit is shutting down its free budgeting app Mint, which had 3.6 million active users in 2021, Bloomberg reports. The company will absorb users into its other service called Credit Karma when Mint disappears. An Intuit spokeperson told Engadget that Mint will be available until March 24, 2024. “Credit Karma…
PSA: The cheapest Tesla car won’t qualify for full federal tax credit starting January 1
With the Biden administration’s continued attempt to limit Chinese battery components in US electric vehicles, Tesla has now announced that two of its models won’t qualify for the full $7,500 federal tax credit as of January 1, 2024. As pointed out by our sister site TechCrunch, Tesla’s website currently has…
Spotify laying off 17 percent of employees across the company
In a pre-holiday shocker, Spotify is laying off 17 percent of its workforce across the company, CEO Daniel Ek announced in a company press release. The cuts are being made due to what Ek called “the challenges ahead” and he elected to make them immediately instead of doing smaller reductions…
OpenAI’s GPT Store won’t be released until 2024
OpenAI is pushing the launch of its GPT Store to early 2024, according to an email seen by The Verge. The company introduced its GPT Builder tool in early November at its first developer conference, giving subscribers an easy way to create their own custom AI bots. At the time,…
Apple is reportedly ending its partnership with Goldman Sachs
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 proposes ending the contract in the next 12 to 15 months. Although the pair launched a…
Sam Altman reinstated as OpenAI CEO five days after being fired
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…
OpenAI reportedly considering reinstating freshly-ousted CEO Sam Altman
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 new word from The Verge on Saturday. Reportedly, sources close to Altman say that the board itself, in a stunning reversal, have “agreed in…
Internal memo says Sam Altman’s firing wasn’t due to ‘malfeasance’ or OpenAI safety practices
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, safety, or security/privacy practices,” according to reporting from Axios and The New York Times. The…
OpenAI fires CEO Sam Altman as ‘board no longer has confidence’ in his leadership
In a surprise shakeup of its c-suite Friday, OpenAI’s board of directors announced that CEO Sam Altman has been fired and will be leaving both the company and the board, effective immediately. Chief Technology Officer Mira Murati has been named interim CEO. Altman’s oustering reportedly follows an internal “deliberative review…