Itemoids

Quartz

Binance marks the first and last time CZ plans to be a startup CEO

Quartz

qz.com › binance-marks-the-first-and-last-time-cz-plans-to-be-a-1851041407

The world’s largest virtual currency exchange has reached a historic settlement with US regulators, with Binance agreeing to a $4.3 billion settlement with the US Treasury Department over alleged violations of anti-money laundering (AML) and sanctions laws. In a statement, the company acknowledged that “when Binance…

Read more...

Can new Binance CEO Richard Teng win back user trust?

Quartz

qz.com › binance-new-ceo-richard-teng-crypto-regulation-cz-trust-1851042901

Yes, Changpeng “CZ” Zhao has resigned as CEO of Binance after the company pleaded guilty to federal charges of money laundering and was fined $4.3 billion. And yes, this turn of events has further eroded confidence in the world’s biggest crypto exchange. But Binance responded quickly with the promotion of Richard Teng,…

Read more...

Apple's succession plan is completely different to OpenAI's, in that it actually has one

Quartz

qz.com › apples-succession-plan-is-completely-different-to-opena-1851041428

The turmoil that ensued at OpenAI after founder Sam Altman’s ousting and speedy return has been a hard lesson in what happens when succession plans aren’t chalked out. Trillion-dollar company Apple, though, doesn’t plan on delivering any shocks like that to employees or investors.

Read more...

What Nvidia’s earnings say about the future of generative AI

Quartz

qz.com › what-nvidia-s-earnings-say-about-the-future-of-generati-1851041261

Sure, there’s a lot of drama at OpenAI, the leading company in the generative artificial intelligence space. But there’s a lot of other AI activity happening elsewhere: In the three months ending on Oct. 29, Nvidia’s revenue more than tripled from the same period last year, reaffirming that generative AI adoption is…

Read more...

San Francisco is losing sleep over the OpenAI meltdown

Quartz

qz.com › san-francisco-is-losing-sleep-over-the-openai-meltdown-1851039172

Since the ousting of Sam Altman as OpenAI’s CEO last Friday, the world’s buzziest AI startup has been in turmoil. People in San Francisco, where OpenAI is headquartered, also lost a measurable amount of sleep this past weekend, data shows.

Read more...