OpenAIs move to for-profit: Is it indeed illegal?

OpenAIs potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.

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Bitcoin on edge as economy falters: 10x Research report

Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.

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NVIDIA RAPIDS AI Revolutionizes Predictive Maintenance in Manufacturing

NVIDIA's RAPIDS AI enhances predictive maintenance in manufacturing, reducing downtime and operational costs through advanced data analytics. (Read More)

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WazirX slams external forces for delaying restructuring efforts

This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users interests.

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Pantera Capital Invests in aPriori, Enhancing Digital Manufacturing Solutions

Pantera Capital announces investment in aPriori, a firm specializing in digital manufacturing software solutions, to drive innovation and efficiency in the manufacturing sector. (Read More)

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Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens

These developments indicate TFLs proactive efforts to tackle Terras challenges and restore trust and stability within the ecosystem.

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OpenAI pledges to remain a non-profit organization and abandon plans for major restructuring

OpenAI has announced its decision to remain a nonprofit organization, abandoning its previous plans to convert into a for-profit entity. The company, known for its groundbreaking work in artificial intelligence (AI) development, had initially considered transitioning to a commercial model. However, after careful consideration, OpenAI has opted to stay true to its core mission of [...]

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Binance France changes ownership following regulator warning

Former CEO Changpeng Zhao cannot be Binance's beneficiary if it wants to keep its French license.

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Siemens Transforms Manufacturing with AI-Driven Innovations

Siemens, in collaboration with NVIDIA, is revolutionizing manufacturing through industrial AI, enhancing automation and efficiency on factory floors globally. (Read More)

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Report: Yield-bearing stablecoins skyrocket to $11B, capturing 4.5% of the market

The stablecoin market continues to expand as yield-bearing stablecoins reach $11 billion in total value. Pendle emerges as a key player driving this growth, offering innovative solutions for users seeking attractive yields on their stablecoin holdings. This surge in yield-bearing stablecoins highlights the increasing demand for options that provide more than just a peg to [...]

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AI safety researchers leave OpenAI over prioritization concerns

Following the recent resignations, OpenAI has opted to dissolve its Superalignment team and integrate its functions into other research projects within the organization.

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IBM Leverages AI to Revolutionize Semiconductor Manufacturing

IBM is advancing semiconductor manufacturing by integrating AI and automation, enhancing efficiency and innovation in fab operations. (Read More)

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SoftBank subsidiary to develop semiconductor chips, reports profits after AI shift

The SoftBank-owned research and development firm Arm said it will develop its own artificial intelligence chips as its owner reports profits after shifting focus to AI.

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Samsung secures $6.4B grant from US govt to expand chip manufacturing in Texas

Samsung just received a $6.4 billion grant from the US government to expand its chip manufacturing capacity in Texas.

The post Samsung secures $6.4B grant from US gov’t to expand chip manufacturing in Texas appeared first on Crypto Briefing.

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Maine Senator Urges Biden to Consider Clemency for Ross Ulbricht During President’s Auburn Visit

On July 28, 2023, U.S. president Joe Biden made a trip to Auburn, Maine, where he delivered a speech at Auburn Manufacturing and subsequently attended a private fundraising gathering. Eric Brakey, the Republican senator representing Maine, greeted Biden upon his arrival in Auburn and handed him a note. In the message, he suggested that the [...]

The post Maine Senator Urges Biden to Consider Clemency for Ross Ulbricht During President’s Auburn Visit appeared first on Crypto Breaking News.

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Core Scientific moves for September bankruptcy exit, expects $46M boost

Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised.

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Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal

Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring strategies.” FTX’s Revival Prospects Surface as New CEO Explores Reboot Plans and Bidder List The current CEO and main restructuring [...]

The post Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal appeared first on Crypto Breaking News.

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Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring

Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18, according to reports from local media. Ramirez, who led the institution from its creation in 2018, was arrested for being allegedly involved in corruption schemes, including the embezzlement of $3 billion related to unregistered oil sales. Sunacrip Boss Joselit Ramirez Arrested [...]

The post Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring appeared first on Crypto Breaking News.

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Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data

Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.” Economist Expects [...]

The post Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data appeared first on Crypto Breaking News.

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CoinFLEX restructuring plan approved: FLEX price explodes | Invezz

The price of FLEX (FLEX/USD), the native token of cryptocurrency exchange CoinFLEX, has soared to a daily high of $2.06. The sudden surge came against the backdrop of CoinFLEX getting approval for a restructuring plan it filed in August last year. The exchange suspended withdrawals in June last year citing a liquidity crunch. The approval ...

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<p>The post CoinFLEX restructuring plan approved: FLEX price explodes | Invezz first appeared on CCNC.</p>

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