Tag: CEO

OpenAI investors push for Sam Altman’s return as CEO: Report

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The board of directors at OpenAI is reportedly receiving criticism from investors over the decision to terminate its CEO Sam Altman. According to a November 19 Bloomberg report, citing people familiar with the matter, several investors of OpenAI – the artificial intelligence (AI) company behind chatGPT – are reportedly in contact with its largest shareholder, Microsoft, in an effort to reinstate Altman as CEO. On November 17, OpenAI announced the removal of Altman as CEO, with its chief technology officer Mira Murati stepping into the CEO position.  In a blog…

Bitcoin ETF approval nearing, but brace for more setbacks: BitGo CEO

Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning towards a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won’t be without challenges. In an interview with Bloomberg on November 16, Belshe explained that based on the discussions taking place between firms seeking Bitcoin ETF approval and the United States Securities and Exchange Commission (SEC), he holds an optimistic view that approval is imminent. However, he pointed out that improving the market structure is a must…

Bitcoin ETF approval nearing, but brace for more setbacks — BitGo CEO

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Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning toward a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won’t be without challenges. In an interview with Bloomberg on Nov. 16, Belshe explained that based on discussions between firms seeking Bitcoin ETF approval and the United States Securities and Exchange Commission (SEC), he holds an optimistic view that approval is imminent. However, he pointed out that improving the market structure is a must before the SEC…

OpenAI’s crisis escalates as more staff resign after CEO removal: Report

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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 his communications with the board, hindering its ability to exercise its responsibilities.” According to the post, chief technology officer Mira Murati is now the interim CEO. The decision triggered a wave of resignations in the company since then. OpenAI…

OpenAI Ousts CEO Sam Altman, Triggering 10% Plunge in Worldcoin (WLD) Value

OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the OpenAI blog, the board conducted a careful and reflective review process, concluding that Altman was not consistently truthful in his statements, hindering the board’s ability to fulfill its responsibilities. “Mr. Altman’s departure follows a deliberative…

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…