OpenAI Employees Threaten to Quit in Protest of CEO Firing

Over 95% of OpenAI employees have signed a letter threatening to quit if the company's board of directors does not resign and reinstate former CEO Sam Altman.

The letter, which was addressed to the board of directors, stated that the signatories were "unable to work for or with people that lack competence, judgment, and care for our mission and employees."

Sutskever was one of the board members who voted to fire Altman. In a post on the social media platform X, Sutskever said that he "deeply regrets" his involvement in the board's decision.

"I never wanted to hurt OpenAI," Sutskever said. "I love everything we built together and I will do everything I can to help the company come together again."

The ultimatum posed by the letter is a significant challenge to the OpenAI board. If the board does not resign, it is likely that many of the company's employees will leave, which could severely damage the company's research and development efforts.

Microsoft Stock Soars After Hiring Sam Altman

Microsoft's stock price rose 2.05% to $377.44 on November 20, 2023, after the company announced that former OpenAI CEO Sam Altman would be joining the company to lead a new AI research team.

Microsoft CEO Satya Nadella said in a statement that Altman's arrival would "further accelerate our AI innovation and ensure that we are leading the way in the development of new AI technologies that benefit our customers and society."

Investors Consider Suing OpenAI Board, Over 100 Customers Contact Competitors

According to a report by The Information, investors in OpenAI are considering suing the company's board of directors after it fired CEO Sam Altman.

The investors are concerned that the recent shake-up at OpenAI could damage the company, and that their investments in the company could be jeopardized. It is not yet clear whether the investors will actually sue OpenAI.

In addition, over 100 OpenAI customers have contacted OpenAI's competitor, Anthropic. Sources say that some customers have also contacted Google Cloud and another OpenAI competitor, Cohere.

U.S. Seeks Over $40 Billion From Binance to Settle Investigation

The U.S. Department of Justice is seeking to have Binance, the world's largest cryptocurrency exchange, pay over $40 billion in penalties to settle an investigation into the company.

The investigation is focused on allegations that Binance failed to comply with U.S. anti-money laundering laws and regulations. The DOJ is also investigating whether Binance's founder, Changpeng Zhao, may face criminal charges.

The DOJ and Binance are reportedly in ongoing negotiations, but it is unclear when a settlement could be reached.

Amazon Launches AI Ready Program to Provide Free Training to 2 Million People

Amazon has announced a new program called AI Ready, which aims to provide free artificial intelligence (AI) training to at least 2 million people around the world by 2025.

The program will focus on eight online courses that cover topics such as machine learning, natural language processing, and computer vision. The courses are designed for people with a range of technical backgrounds, from beginners to experienced professionals.

EU Opposes Adobe's Proposed Acquisition of Figma

The European Commission has announced that it has preliminary concerns that Adobe's proposed acquisition of Figma could reduce competition in the global market for interactive product design software and other creative design software.

Adobe has the opportunity to respond to the Commission's concerns.

NVIDIA Stock Hits Record High Ahead of Earnings Report

NVIDIA's stock price closed at a record high of $504.09 on November 20, 2023, ahead of the company's third-quarter earnings report, which is scheduled to be released after the market closes on Tuesday.

Editor: Alexander