Tag: CEO

Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO

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ChatGPT developer OpenAI has removed founder Sam Altman from his CEO position, according to a Nov. 17 blog post. Chief technology officer Mira Murati will be promoted to interim CEO. According to the post, the board of directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” Altman could not immediately be reached for comment. OpenAI announces leadership transition https://t.co/fFYDLwGXQz — OpenAI (@OpenAI) November 17, 2023 OpenAI’s board said…

BitGo CEO expects additional round of Bitcoin ETF rejections

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BitGo CEO Mike Belshe says the market should expect another round of spot Bitcoin ETF rejections as there are still issues to be resolved. Although the crypto market is seeing signs that a spot Bitcoin (BTC) exchange-traded fund (ETF) will finally be approved somewhat in the near future, BitGo CEO Mike Belshe thinks the industry should prepare for yet another round of rejections by the U.S. Securities and Exchange Commission (SEC). In an interview with Bloomberg, Belshe, who runs qualified crypto custodian in the U.S., noted that he’s optimistic about…

Web3 should draw newcomers, not be a ‘money grab from brands’ — Tech CEO

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The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR. Peck told Cointelegraph at the Lisbon Web Summit that Web3 firms should be build-first oriented and create attractive products to draw newcomers. She added using Web3 and nonfungible tokens (NFTs) as “just another money grab from brands” to create another slate of multi-millionaires “doesn’t seem like a good look” nor a good use of what is an “elegant technology.” “This is…

Brazil’s crypto regulatory environment is driving competitiveness — CEO of Coinext

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Cryptocurrency may be “out of fashion”, but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext.  During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph’s Joe Hall Bitcoin’s perspectives, Brazil’s vibrant crypto economy and how regulatory clarity has boosted competition in the country’s payments sector. According to Ribeiro, the Bitcoin volume transactions in Brazil will reach a record level in 2023, as more global crypto exchanges set operations there, such…

VARA CEO Henson Orser to Quit as More Than 12 Crypto Firms Face Fines: Report

Additionally, more than 12 crypto companies are set to be fined for not complying with guidelines by a Nov. 17 deadline, Bloomberg said, citing anonymous sources who asked not to be identified because the matter is private. The names of the firms were not mentioned, but don’t include Binance, OKX or ByBit and some others, which will be given more time to comply, according to the report. In its email, VARA did not comment on the fines. Source

Ferrari’s Bitcoin acceptance is major market win, says CoinFlip CEO

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Ferrari’s decision to allow U.S. residents to buy its cars in exchange for cryptocurrencies like Bitcoin (BTC) has become one of the biggest market wins in 2023, according to the CEO of the Bitcoin ATM operator CoinFlip. Ferrari has been aware of the growing demand from clients for alternative payment solutions and decided to support dealers in meeting these clients’ requests, the representative said, adding: “The source of the cryptocurrencies will be proven, and volatility risks associated with exchange rates will be eliminated. Dealers — and ultimately Ferrari — will…

Ripple CEO Criticizes SEC for Losing Focus on Investor Protection

Garlinghouse emphasized the need for the SEC to reassess its regulatory approach, moving away from a pattern of enforcement through lawsuits. During the just-concluded Ripple’s Swell conference in Dubai, the company’s CEO Brad Garlinghouse shared his views regarding the United States Securities and Exchange Commission’s (SEC) role in protecting consumers against bad actors. In an interview with CNBC’s Dan Murphy, Garlinghouse stated that, in his opinion, the SEC has strayed from its commitment to investor protection, questioning the agency’s priorities in the process. “I think the SEC, in my opinion,…

SafeMoon’s CEO release bail on hold as he still poses risks

U.S. prosecutors claim SafeMoon CEO Braden John poses “serious risks of flight.” SafeMoon (SFM) CEO Braden John will not get a quick resolution of his case as prosecutors have secured a hold on his bail release, citing flight risk concerns. A New York judge delayed SafeMoon CEO Braden John Karony’s bail on Nov. 9 after prosecutors challenged a Utah judge’s decision to release him on a $500,000 bail. The government claims Karony poses “serious risks of flight and continued danger to the community should he be released.” Prosecutors also claimed…

Elon slings AI-generated insults at GPT-4 after OpenAI’s CEO mocks Grok

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The launch of Elon Musk’s new “Grok” artificial intelligence (AI) system may not have made waves throughout the machine learning community or directly threatened the status quo, but it’s certainly drawn the attention of Sam Altman, the CEO of ChatGPT maker OpenAI.  In a post on the social media app X, formerly Twitter, Altman compared Grok’s comedic chops to that of a grandpa, saying that it creates jokes similar to “your dad’s dad.” GPT-4? More like GPT-Snore! When it comes to humor, GPT-4 is about as funny as a screendoor…