Thursday, July 18, 2024
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OpenAI’s crisis escalates as more staff resign after CEO removal: Report

The turmoil at OpenAI continues to escalate after its founder Sam Altman was abruptly ousted on Nov. 17, with three senior researchers reportedly quitting the artificial intelligence company.OpenAI’s board of directors announced Altman's removal from the CEO position in a blog post, claiming that Altman “was not consistently candid in

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OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch

Nonfungible token (NFT) marketplace OpenSea announced on Nov. 3 that it was laying off employees. Co-founder and CEO Devin Finzer broke the news on X (formerly Twitter), saying the company was launching OpenSea 2.0 with a smaller team.OpenSea launched in 2017, when NFTs were an innovation. It operates on a

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Dev platform Stack Overflow axes 28% of staff as AI competition grows

Developer and programmer platform Stack Overflow is cutting the company’s headcount by approximately 28% amid a rise in the popularity of artificial intelligence (AI) chatbots. On Oct. 16, Stack Overflow CEO, Prashanth Chandrasekar, made the announcement citing the challenges of macroeconomic pressures impacting the entire tech industry. The firm is on

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Secret Alameda recording reveals exact moment staff learned about FTX deposits

A 75-minute secretly recorded audio clip of Caroline Ellison has revealed the exact moment 15 former Alameda Research staff found out the hedge fund was “borrowing” user funds from FTX. The full-length recording, obtained by Cryptox, provides fresh insights into the palpable tension felt by Ellison and Alameda staff in the

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