OpenAI Backtracks on Plans to Drop Nonprofit Control

OpenAI said on Monday that it was restructuring as a public benefit corporation, allowing the nonprofit that controls OpenAI to retain its grip on the company. The decision is a victory for OpenAI’s critics, including one of its founders, Elon Musk, who complained that the company was too focused on profits and had abandoned its…

Read More

Former Activision boss reportedly wants to buy TikTok

Bobby Kotick, the former head of Activision Blizzard, is reportedly considering buying TikTok, as the app could be banned in the United States. The Wall Street Journal reports that Kotick has talked to ByteDance, the company that owns TikTok, about buying the app, which could cost hundreds of billions of dollars.This comes as US lawmakers…

Read More