Bird files for bankruptcy after going public in 2021
After laying off nearly a quarter of its staff last year, e-scooter rental company Bird has filed for Chapter 11 bankruptcy, the company announced. Existing lenders have agreed to purchase the assets and the company is being kept afloat via a $25 million loan from Apollo Global Management (Yahoo and…
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…
Microsoft joins OpenAI board as Sam Altman returns as CEO
Following Sam Altman’s rollercoaster of a return as OpenAI’s CEO, the company announced — on the eve of ChatGPT’s first anniversary — that it will now include Microsoft as a non-voting observer on its board. The question remains as to why the firm’s largest investor wasn’t on its board in…
Broadcom closes its $61 billion megadeal with VMware
Broadcom’s mega $61 billion VMware acquisition has closed following considerable scrutiny by regulators, the company announced in a press release. With China recently granting approval for the acquisition with added restrictions, the network chip manufacturer had secured all the required approvals. “Broadcom has received legal merger clearance in Australia, Brazil,…
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…
Meta may return to China with the release of a new, budget VR headset
Meta hasn’t been in China since Facebook was blocked way back in 2009, but that may be about to change. The company is reportedly planning to release an all-new, lower-priced version of its virtual reality headset in the nation via an exclusive deal with video game giant Tencent, The Wall…
Sony has now sold over 46.6 million PS5 consoles
Sony has had a blockbuster quarter when it comes to PlayStation 5 sales. The company has sold 4.9 million PS5 units in its second financial quarter ending on September 30, bringing the total number of consoles sold to 46.6 million. It didn’t quite reach last year’s holiday figures, but it…