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☆ All the top OpenAI figures who have left since the 2023 attempt to oust CEO Sam Altman
▼ + stars: | 2024-09-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

OpenAI has lost a slew of key leaders since last year's effort to push out CEO Sam Altman. Here are 10 OpenAI leaders who have left the company since November. Shortly afterward, CEO Sam Altman said that two other executives, Bob McGrew and Barret Zoph, would also leave OpenAI. Like many companies, OpenAI has seen turnover among its highest ranks since its founding in 2015. But since an attempt to oust Altman as OpenAI's CEO last November, the company has lost multiple executives and key leaders.

Persons: OpenAI, Sam Altman, Mira Murati, —, Bob McGrew, Barret Zoph, Altman, McGrew's, Elon Musk, Altman's, Helen Toner, Tasha McCauley, Toner, McCauley, Greg Brockman Organizations: Service, ChatGPT Locations: OpenAI

☆ OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart
▼ + stars: | 2024-09-26 | by ( Hayden Field | Hayden Field Is A Cnbc Reporter | ) www.nbcnews.com time to read: +4 min

The structure would be more straightforward for investors and would make it easier for OpenAI employees to realize liquidity, the source added. News of the discussions comes after OpenAI Chief Technology Officer Mira Murati said Wednesday that she is leaving the company after six and a half years. They’re the latest high-level executive to depart OpenAI, which has exploded in popularity and value since releasing the ChatGPT chatbot in late 2022. Murati became a well-known name when OpenAI’s board abruptly ousted Altman last November and Murati was named interim CEO. Days later, Altman was back at the company and Murati moved back to her former role as CTO.

Persons: Mira Murati, Sam Altman, Bob McGrew, Barret Zoph, Murati, ”, “ There’s, ” Altman, OpenAI, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, it’s, Altman, OpenAI’s, Sutskever, Helen Toner, Tasha McCauley, ” Murati, “, ” McGrew, he’s, Mark Chen, Zoph Organizations: Microsoft, Tiger Global, Nvidia, Apple, Street, Tech Locations: OpenAI

☆ Where ocean plastic actually comes from
▼ + stars: | 2024-09-26 | by ( Charlie Floyd | Elizabeth Mccauley | ) www.businessinsider.com time to read: 1 min

What do we get wrong when we talk about ocean plastic? A lot, it turns out. Business Insider producer Elizabeth McCauley dives into the scientific literature and talks to experts to find out how we actually solve this problem. If you want to check out the sources for this video, we made a reading list for you.

Persons: Elizabeth McCauley Organizations: Business

☆ OpenAI CTO Mira Murati announces she's leaving the company
▼ + stars: | 2024-09-25 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Mira Murati, chief technology officer of OpenAI, during an interview on "The Circuit with Emily Chang" in San Francisco on April 4, 2023. OpenAI Chief Technology Officer Mira Murati said Wednesday that she is leaving the company after six and a half years. Murati also wrote that she is "stepping away because I want to create the time and space to do my own exploration. Murati became a well-known name when OpenAI's board abruptly ousted CEO Sam Altman last November and Murati was named interim CEO. Days later, Altman was back at the company and Murati moved back to her former role as CTO.

Persons: Mira Murati, Emily Chang, There's, Ilya Sutskever, Jan Leike, John Schulman, Anthropic, Murati, OpenAI, Sam Altman, OpenAI's, Altman, Sutskever, Helen Toner, Tasha McCauley Organizations: OpenAI, Reuters, Microsoft, Tiger Global, Nvidia, Apple, Tech, Street Locations: San Francisco, OpenAI

☆ OpenAI co-founder John Schulman says he will leave and join rival Anthropic
▼ + stars: | 2024-08-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

OpenAI co-founder John Schulman said in a Monday X post that he would leave the Microsoft -backed company and join Anthropic, an artificial intelligence startup with funding from Amazon . In June, OpenAI said Schulman, as head of alignment science, would join a safety and security committee that would provide advice to the board. Schulman has only worked at OpenAI since receiving a Ph.D. in computer science in 2016 from the University of California, Berkeley. The leaders of the superalignment team, Jan Leike and company co-founder Ilya Sutskever, both left this year. Also on Monday, Greg Brockman, another co-founder of OpenAI and its president, announced that he was taking a sabbatical for the rest of the year.

Persons: ChatGPT, OpenAI, John Schulman, Schulman, OpenAI's, Jan Leike, Ilya Sutskever, Leike, Sutskever, Sam Altman, Altman, Tasha McCauley, Helen Toner, Toner, WilmerHale, Greg Brockman Organizations: Darktrace Plc, Microsoft, Amazon, OpenAI, University of California, Anthropic, Superintelligence Inc, Google, Employees, AI Safety Locations: Brooklyn, New York, British, Berkeley, Francisco

Indonesia ranks as one of the world's biggest contributors to ocean plastics, and a lot of it comes from rivers. The local nonprofit Sungai Watch saves about 3 metric tons of trash from entering the ocean every day with simple barriers and manual labor. We visited the island of Bali to meet the three young siblings behind the nonprofit and learn why a tropical paradise has a huge trash problem.

Organizations: Sungai Watch Locations: Indonesia, Bali

☆ Our side hustles bring in $125,000 a year or more: 'Nearly everybody' can make money this way
▼ + stars: | 2024-07-10 | by ( Megan Sauer | ) www.cnbc.com time to read: +9 min

The McCauleys make their money by researching what makes side hustles profitable, testing them and teaching others how to do the same on YouTube. The Grand Rapids, Michigan-based couple earned nearly $140,000 from eight streams of income last year, according to documents reviewed by CNBC Make It. Ease of starting is at an all-time high: Platforms like Amazon, Airbnb and Fiverr offer instant access to paying customers. Kindergarten teacher Becky Powell's side hustle — making worksheets for other educators — brings in six figures per year. Her husband also sells worksheets on the platform, and they've used their combined earnings to fund vacations and pay down their mortgage and student loans, Powell says.

Persons: Jamie, Sarah McCauley, Sarah, Jamie McCauley, Bankrate, Jenny Woo, Woo, Jenny Woo Woo's, —, It's, Tim Riegel's, Riegel, Tim Riegel, Kathy Kristof, Kristof, Becky Powell, Jerome, worksheets, Powell, Becky Powell's, Becky Powell Powell's, they've Organizations: Walmart, YouTube, CNBC, University of California, Amazon, Kickstarter, Facebook Locations: YouTubers, Rapids , Michigan, Irvine, Lamar , Missouri, Beaverton , Oregon, Amazon

☆ 911 call logs for Tesla's HQ reveal reports of 'terroristic' threats and attempted extortion
▼ + stars: | 2024-06-26 | by ( Natalie Musumeci | Grace Kay | ) www.businessinsider.com time to read: +14 min

"Wire $300,000 dollars to bitcoin account within 12 hours," the email to Kirkhorn added, according to the incident report. The case was ultimately suspended and no arrest was ever made, according to the incident report and Dark. AdvertisementSome Tesla workers told BI that tight production deadlines and the intensity of the work could sometimes create a high-pressure environment. We were just standing outside the building waiting to go back to work," one worker, who was there during the ordeal, told BI. The sheriff's office told local news at the time that the building was cleared and there was "nothing to substantiate the presence of a shooter at all."

Persons: —, Elon Musk, Musk, Tesla, Zachary Kirkhorn, Zachary Kirkhorn —, Austin Gigafactory, Kirkhorn, Travis, Kristen Dark, SUZANNE CORDEIRO, Austin, Joe Biden, Justin Mathew McCauley of, McCauley's, McCauley, Justin Sullivan, they'd, Apu Gomes, X, Mark Zuckerberg, Zuckerberg, Meta, Sheryl Sandberg, John Lennon Organizations: Service, Business, Securities, Exchange Commission, BI, YouTube, Tesla's, Tesla, Street Journal, Office, Musk, FOX, Austin, Factory, Getty, Elon, SEC, Meta, Twitter, BBC Locations: Austin, Travis, Texas, Nigeria, Justin Mathew McCauley of Minnesota, Minnesota, Fremont , California, Tesla's, Sparks , Nevada, Nevada

☆ It's all unraveling at OpenAI (again)
▼ + stars: | 2024-06-04 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

In a statement to Business Insider, an OpenAI spokesperson reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee. Safety second (or third)A common theme of the complaints is that, at OpenAI, safety isn't first — growth and profits are. (In a responding op-ed, current OpenAI board members Bret Taylor and Larry Summers defended Altman and the company's safety standards.) "I have been disagreeing with OpenAI leadership about the company's core priorities for quite some time, until we finally reached a breaking point." (Altman and OpenAI said he recused himself from these deals.)

Persons: —, Sam Altman, Daniel Kokotajlo, OpenAI, Altman, Helen Toner, Tasha McCauley, Toner, McCauley, Bret Taylor, Larry Summers, Kokotajlo, Jan Leike, Ilya Sutskever, Leike, Stuart Russell, NDAs, Scarlett Johansson, lawyered, Johansson, " Johansson, I've, Sam Altman — Organizations: Service, New York Times, Business, Times, Twitter, Microsoft, The New York Times, BI, Street, OpenAI, OpenAI's, Apple Locations: OpenAI, Russian, Reddit

☆ Y Combinator founder says Sam Altman wasn't fired
▼ + stars: | 2024-05-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman wasn't fired from his position as Y Combinator president in 2019, the startup accelerator's cofounder Paul Graham said on Thursday. "People have been claiming YC fired Sam Altman. Both outlets reported that Altman was asked to leave the organization for favoring his personal interests over Y Combinator's. AdvertisementRepresentatives for Altman and Y Combinator did not immediately respond to requests for comment from BI sent outside regular business hours. "We do not accept the claims made by Ms Toner and Ms McCauley regarding events at OpenAI," Taylor and Summers wrote.

Persons: —, Sam Altman wasn't, Y, Paul Graham, Sam Altman, That's, Graham, OpenAI, Sam, Jessica, Jessica Livingston, Altman, he'd, 3YvBDH7oqV — Paul Graham, Graham's, Y Combinator, Combinator, OpenAI's, Helen Toner, who'd, Toner, Tasha McCauley, Bret Taylor, Larry Summers, McCauley, Ms Toner, Ms McCauley, Taylor, Summers, Toner's, Mr Altman Organizations: Service, YC, Business, we'd, Wall Street, The Washington Post, BI, OpenAI Locations: OpenAI

☆ OpenAI board members brush off warning from ex-directors and defend Sam Altman as 'highly forthcoming'
▼ + stars: | 2024-05-30 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewThis has been the week of dueling op-eds from former and current OpenAI board members. Current OpenAI board members Bret Taylor and Larry Summers issued a response to AI safety concerns on Thursday, stating that "the board is taking commensurate steps to ensure safety and security." In the last six months, the two current board members said they had found Altman "highly forthcoming on all relevant issues and consistently collegial with his management team." She also said that the old OpenAI board found out about ChatGPT's release on Twitter. OpenAI dissolved the superalignment safety team before later announcing the formation of a new safety committee.

Persons: —, Bret Taylor, Larry Summers, Helen Toner, Tasha McCauley, Sam Altman, Taylor, Summers, Altman, OpenAI, WilmerHale, Toner, Openai, he's, Jan Leike, Ilya Sutskever, Gretchen Krueger, Leike, Krueger Organizations: Service, Business, Twitter, World, Summit

☆ Former OpenAI board member explains why CEO Sam Altman was fired
▼ + stars: | 2024-05-29 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

Former OpenAI board member Helen Toner, who helped oust CEO Sam Altman in November, broke her silence this week when she spoke on a podcast about events inside the company leading up to Altman's firing. Toner also said Altman did not tell the board he owned the OpenAI startup fund. Within a week, Altman was back and board members Toner and Tasha McCauley, who had voted to oust Altman, were out. In March, OpenAI announced its new board, which includes Altman, and the conclusion of an internal investigation by law firm WilmerHale into the events leading up to Altman's ouster. "The review concluded there was a significant breakdown of trust between the prior board and Sam and Greg," OpenAI board chair Bret Taylor said at the time, referring to president and co-founder Greg Brockman.

Persons: Helen Toner, CSET, Vox, Sam Altman, OpenAI, Toner, Altman, Sam, Ilya Sutskever, Jan Leike, Anthropic, OpenAI's, Sutskever, Tasha McCauley, Adam D'Angelo, WilmerHale, Greg, Bret Taylor, Greg Brockman, Taylor Organizations: The Ritz, Carlton, Twitter, OpenAI, Microsoft, Street Locations: Laguna Niguel, Dana Point , California

☆ Former OpenAI board members say the company can't be trusted to govern itself
▼ + stars: | 2024-05-27 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewTwo former OpenAI board members say artificial intelligence companies can't be trusted to govern themselves and that third-party regulation is necessary to hold them accountable. Helen Toner and Tasha McCauley were board members at OpenAI before they stepped down in November amid a chaotic push to oust OpenAI cofounder Sam Altman. AdvertisementWith Altman back at the helm, Toner and McCauley wrote that OpenAI can't be trusted to hold itself accountable. Related storiesThe former board members wrote that they once believed that OpenAI could govern itself, but "based on our experience, we believe that self-governance cannot reliably withstand the pressure of profit incentives." AdvertisementThe board's 22 members include Altman and chief executives of large tech companies, including Nvidia CEO Jensen Huang and Alphabet CEO Sundar Pichai.

Persons: —, Helen Toner, Tasha McCauley, OpenAI, Sam Altman, Altman, Scarlett Johansson, Chat, Toner, McCauley, — bode, Jensen Huang, Sundar Pichai, ethicists, Margaret Mitchell Organizations: Service, Business, Department of Homeland Security, Artificial Intelligence, Security Board, Nvidia, Ars Technica Locations: OpenAI

☆ OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it
▼ + stars: | 2024-05-17 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

The news comes days after both team leaders, OpenAI co-founder Ilya Sutskever and Jan Leike, announced their departures from the Microsoft-backed startup. OpenAI's Superalignment team, announced last year, has focused on "scientific and technical breakthroughs to steer and control AI systems much smarter than us." "I joined because I thought OpenAI would be the best place in the world to do this research," Leike wrote on X. Leike wrote that he believes much more of the company's bandwidth should be focused on security, monitoring, preparedness, safety and societal impact. The update brings the GPT-4 model to everyone, including OpenAI's free users, technology chief Mira Murati said Monday in a livestreamed event.

Persons: Sam Altman, OpenAI, Ilya Sutskever, Jan Leike, OpenAI's, Leike, Altman, Sutskever, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Mira Murati, Murati Organizations: OpenAI, Hope, CNBC, Microsoft, Wired, Tuesday, Wall Street Locations: Atlanta, Leike, OpenAI

OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft -backed startup. The departure comes months after OpenAI went through a leadership crisis involving co-founder and CEO Sam Altman. In November, OpenAI's board said in a statement that Altman had not been "consistently candid in his communications with the board." OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers. In 2015, Altman and Tesla CEO Elon Musk, another OpenAI co-founder, wanted Sutskever, then a research scientist at Google , to become the budding startup's top scientist, according to the lawsuit Musk filed against OpenAI in March.

Persons: Sam Altman, Ilya Sutskever, OpenAI, he's, Sutskever, OpenAI's, Altman, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Bret Taylor, Larry Summers, WilmerHale, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Greg, Sam, Greg Brockman, Mira Murati, Murati, Elon Musk, Musk, Dr Organizations: Tel Aviv University, Microsoft, Street, OpenAI's, Sony, Sony Entertainment, Tesla, Google, OpenAI Locations: Tel Aviv, OpenAI

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin outperforms Nasdaq after U.S. economy grew less than projected in Q1: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Nathan McCauley, co-founder and CEO of Anchorage Digital, discusses the platform's new crypto settlement network.

Persons: explainers, Nathan McCauley Organizations: Nasdaq, CNBC Crypto, CNBC, Anchorage Digital

☆ Anchorage Digital launches global crypto settlement network
▼ + stars: | 2024-04-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnchorage Digital launches global crypto settlement networkCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Nathan McCauley, co-founder and CEO of Anchorage Digital, discusses the launch of ATLAS, a settlement network that handles both digital assets and U.S. dollars.

Persons: explainers, Nathan McCauley Organizations: Anchorage Digital, CNBC, ATLAS

☆ Can Bamboo Replace Paper and Plastic? and Should It?
▼ + stars: | 2024-04-19 | by ( Elizabeth Mccauley | Manuel Silva-Paulus | ) www.businessinsider.com time to read: 1 min

With bamboo-based products on the rise, we wanted to see how they compared to their plastic and paper counterparts. We went to Taiwan and China for a behind-the-scenes look at how bamboo is turned into cups, lunchboxes, toilet paper, and cutlery — and figured out which of these products have the biggest impact on our environment. For more on Lastic, visit www.lastico.com.

Locations: Taiwan, China, www.lastico.com

☆ The result of OpenAI's probe was released — and it's less than 500 words — offering very little insight
▼ + stars: | 2024-03-09 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Open AI probe was launched in December, a few weeks after the board announced Altman's shocking departure and reinstatement. The company formed a special committee that hired WilmerHale to conduct a probe of the events surrounding Altman's sudden firing. AdvertisementDetails of Altman's strained relationship with OpenAI's former board members and employees were known days after the CEO was booted from the company. AdvertisementThe latest Times report from Thursday revealed that Mira Murati, OpenAI's chief technology officer, was instrumental in Sam Altman's ousting.

Persons: —, Sam Altman, WilmerHale, Altman, ChatGPT, Tasha McCauley, Helen Toner, Ilya Sutskever, Adam D'Angelo, Larry Summers, Bret Taylor, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Mira Murati, Sam Altman's, Murati, Ilya Organizations: Service, Business, New York Times, Melinda Gates Foundation, Sony, Times, OpenAI

☆ Sam Altman set to return to OpenAI's board of directors nearly 5 months after surprise ouster
▼ + stars: | 2024-03-08 | by ( Katherine Tangalakis-Lippert | Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

CEO Sam Altman will be reinstated to OpenAI's board of directors. Bret Taylor, chair of OpenAI's board, said members "unanimously concluded" Altman is right to lead the company. The AI startup will also bring on three additional new board members, the company announced. AdvertisementOpenAI CEO Sam Altman is set to return to OpenAI's board of directors, the company announced Friday. "We have unanimously concluded that Sam and Greg are the right leaders for OpenAI," Bret Taylor, chair of the OpenAI board, said in a statement released Friday.

Persons: Sam Altman, Bret Taylor, Altman, —, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Sam, Greg, Toner, McCauly, Sutskever, Elon Musk, OpenAI, Melinda Gates, Sue Desmond, Hellman, Nicole Seligman, Fidji Simo Organizations: Service, OpenAI, Elon, Melinda Gates Foundation, Sony Entertainment, Business Locations: OpenAI, xAI

☆ Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close
▼ + stars: | 2024-03-08 | by ( Hayden Field | ) www.cnbc.com time to read: +7 min

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. OpenAI on Friday announced its new board and the wrap-up of an internal investigation by U.S. law firm WilmerHale into the events leading up to OpenAI CEO Sam Altman's ouster. Sam Altman will also rejoin OpenAI's board. "We have unanimously concluded that Sam and Greg are the right leaders for OpenAI," Bret Taylor, chair of OpenAI's board, said in a release. Since then, OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers.

Persons: Sam Altman, OpenAI, WilmerHale, Sam Altman's, OpenAI's, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Adam D'Angelo, Larry Summers, Bret Taylor, Greg, Sam, Taylor, Altman, Bret, Larry, Mira Murati, Mira, Helen Toner, Tasha McCauley, Ilya Sutskever, Ilya, Elon Musk, Greg Brockman, Musk, –, Toner, McCauley, Altman's Organizations: Economic, Friday, Melinda Gates Foundation, Pfizer, Advisors, Science, Technology, Global, Sony, Sony Entertainment, Paramount Global, Meira, Inc, Shopify, OpenAI, Microsoft, Fortune, Lawyers, CNBC, SpaceX, Nvidia Locations: Davos, Switzerland, President's, OpenAI's San Francisco, U.S, Saudi Aramco

OpenAI is reinstating CEO Sam Altman to its board of directors and said it has “full confidence” in his leadership after the conclusion of an outside investigation into the company's turmoil. After months of investigation, it found that Altman's ouster was a “consequence of a breakdown in the relationship and loss of trust” between him and the prior board, OpenAI said in a summary of the findings Friday. The investigation found the prior board acted within its discretion. “The review concluded there was a significant breakdown in trust between the prior board, and Sam and Greg,” Bret Taylor, the board’s chair, told reporters Friday. After it retained the law firm in December, OpenAI said WilmerHale conducted dozens of interviews with the company’s prior board, current executives, advisers and other witnesses.

Persons: Sam Altman, Altman, OpenAI, Sue Desmond, Hellman, Melinda Gates, Nicole Seligman, Fidji Simo, “ I’m, ” Altman, he’s, ”, Helen Toner, Tasha McCauley, “, Greg Brockman, ” OpenAI, Brockman, Greg, ” Bret Taylor, Taylor, Microsoft —, Toner, McCauley, Ilya Sutskever, Sutskever, Ilya, Elon Musk, Larry Summers, Adam D’Angelo, WilmerHale, WilmerHale didn't, Musk, ” Taylor Organizations: Sony, San, OpenAI, Microsoft, Georgetown University, RAND Corporation, Facebook, Elon, U.S ., Associated Press Locations: San Francisco, U.S

☆ Bitcoin Hits Record High, Completing a Stunning Comeback
▼ + stars: | 2024-03-05 | by ( David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Bitcoin hit a record high of about $68,800 on Tuesday, capping a remarkable comeback for the volatile cryptocurrency after its value plunged in 2022 amid a market meltdown. Bitcoin’s price has risen more than 300 percent since November 2022, a resurgence that few predicted when the price dropped below $20,000 in 2022. Its previous record was just under $68,790 in November 2021, as crypto markets boomed and amateur investors poured savings into experimental digital coins. “This is just the beginning of this bull market,” said Nathan McCauley, the chief executive of the crypto company Anchorage Digital. The funds provide a simple way for people to invest in the crypto markets without directly owning the virtual currency.

Persons: Bitcoin, ”, Nathan McCauley Organizations: Anchorage Digital Locations: U.S

☆ The Startup Keeping Wind Turbine Blades Out of Landfills
▼ + stars: | 2024-02-28 | by ( Elizabeth Mccauley | Manuel Silva-Paulus | ) www.businessinsider.com time to read: 1 min

Conventional recycling techniques don't work on wind turbine blades. Now, an Ohio startup is turning them into park benches and planters. But how much trash will the wind energy industry create?

Locations: Ohio

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

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