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☆ Twitter accuses Meta of stealing trade secrets for its new Threads app
▼ + stars: | 2023-07-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Twitter's lawyer wrote a letter to Facebook parent Meta on Wednesday, accusing the company of "systematic" and "unlawful misappropriation" of trade secrets following the launch of its Threads service. The letter from longtime Elon Musk attorney Alex Spiro alleged that Meta's new Twitter clone was built by former Twitter employees "deliberately assigned" to develop a "copycat" app. Spiro offered no concrete examples of Twitter employees using trade secrets to build the app, which notched millions of users within hours of its launch. "No one on the Threads engineering team is a former Twitter employee," Andy Stone, Meta communications director, posted on Threads. Spiro said Meta is "expressly prohibited" from crawling or scraping Twitter's follower data, without providing evidence that Meta has engaged in that activity.

Persons: Elon Musk, Porte, Twitter's, Alex Spiro, Semafor, Spiro, —, Andy Stone, That's, Musk, Meta, Linda Yaccarino Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de Locations: Paris, France

☆ Elon Musk's lawyer sends letter threatening to take Mark Zuckerberg to court over his Twitter 'copycat'
▼ + stars: | 2023-07-06 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com time to read: +5 min

Elon Musk's lawyer sent a cease and desist letter to Mark Zuckerberg over the launch of Threads. Musk claims Meta hired ex-Twitter staff to help create the "copycat" app, something Meta denies. Some former Twitter employees are at Meta. Elon Musk's Twitter is threatening to take Facebook's parent company, Meta, to court over its new rival social media app, Threads. Spiro went on in the letter to accuse Meta of hiring "dozens of former Twitter employees," some of which "improperly retained Twitter documents and electronic devices."

Persons: Elon Musk's, Mark Zuckerberg, Meta, Elon, Alex Spiro, Spiro, — that's, Stone, Zuckerberg, Walter Isaacson, Musk Organizations: Twitter, Meta, Elon Musk's Twitter Locations: whcih

☆ Trump complains DeSantis 'copied everything' from his immigration plan
▼ + stars: | 2023-06-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Ron DeSantis' immigration plan is similar to his. The former president told reporters that DeSantis "basically copied everything I said." Ron DeSantis "copied everything" from Trump's own immigration plan. Trump's latest taunt of his closest GOP rival comes just after DeSantis rolled out his immigration plan during an event at the US-Mexico border. "Well, his plan is my plan," Trump told Semafor and ABC News reporters, according to Semafor's Shelby Talcott.

Persons: Trump, Ron DeSantis, DeSantis, —, Donald Trump, Semafor, Shelby Talcott, Trump's, tweeting Organizations: Florida Gov, Service, GOP, ABC News, CNN, Trump, Fox News Locations: Mexico

☆ Opinion: DeSantis is trying to climb the Trump wall
▼ + stars: | 2023-06-28 | by ( Opinion Patrick T. Brown | ) edition.cnn.com time to read: +7 min

The DeSantis plan, rolled out at a press conference at the Texas border Monday, lays out steps that should satisfy most Republican border hawks. His immigration plan showcases a candidate interested in effective policymaking beyond pure sloganeering, even if some major questions surround a few key details. The former President noted the similarities — “His plan is my plan,” Trump told Semafor and ABC News on Tuesday. Then, there are the ideas in DeSantis’ plan that have a harder time standing up to scrutiny. Similarly, cutting federal funding to non-governmental organizations that provide aid to those who cross the southern border would be less effective than it sounds.

Persons: Patrick T, Brown, Ron DeSantis, Donald Trump, DeSantis, ” Trump, Semafor, “, ”, —, Trump, parry, isn’t, doesn’t Organizations: Public Policy Center, Economic, Twitter, CNN, Florida Gov, Trump, Republican, Sunshine State, ABC, Republicans, PBS, NPR, Marist, Sun, Group, American, Facebook Locations: Washington , DC, Texas, Iowa, South Carolina, Florida, Mexico

☆ Opinion | We Muslims Used to Be the Culture War Scapegoats. Why Are Some of Us Joining the L.G.B.T.Q. Pile-On?
▼ + stars: | 2023-06-23 | by ( Wajahat Ali | ) www.nytimes.com time to read: +2 min

Somehow, though, this issue has managed to rally an array of Muslim scholars. kids or L.G.B.T.Q. parents that simply reading a book or learning about their existence might be so threatening and offensive that it requires an opt-out option in schools? How would Muslim parents feel if this was applied to children’s books about Ramadan or hajj? Muslims have also joined this campaign in Hamtramck, Mich., which has an all-Muslim City Council.

Persons: It’s, who’s, you’d, “ It’s, ”, Raef Haggag, Kareem Monib, Laura Ingraham, Ingraham, Laura, Mr, Monib, Semafor Organizations: Washington , D.C, Liberty, Southern Poverty Law, of Virtue, Fox News, Muslim City Council Locations: Montgomery County, Md, Washington ,, Hamtramck, Mich

☆ Everyone is getting paid these days — except investment bankers
▼ + stars: | 2023-06-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's been a tough go for investment bankers recently. As if all that wasn't bad enough for bankers, The Wall Street Journal recently reported that even lawyers are now making more money than them. It turns out the culprit, as is often the case on Wall Street, is inflation. It's getting really tough these days to make the case for getting into investment banking. That begs the question: Why bother getting into investment banking at all?

Persons: Dan DeFrancesco, we've, Klaus Vedfelt, It's, —, Robert Kindler's, Morgan Stanley, Paul Weiss —, hasn't, Seth Rogen, Nick Offerman, Paul Dano, Steve Cohen, Alexandra, Emily Oster, David Solomon, Goldman Sachs, Solomon, Jeffrey Cane, Nathan Rennolds Organizations: GameStop, Street Journal, Sony, Bloomberg, Harvard, JPMorgan, Economist Intelligence, LinkedIn Locations: Republic, Semafor, New York, London

☆ The Boebert vs. Greene fight isn't just happening in a ladies' bathroom anymore — it's out on the House floor and uglier than before
▼ + stars: | 2023-06-22 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Marjorie Taylor Greene and Lauren Boebert had a heated exchange on the House floor on Wednesday. "I told her exactly what I think about her," Greene told Semafor. "She has genuinely been a nasty little bitch to me," Greene told Semafor when asked about a confrontation between the two women on the House floor on Wednesday. "I've donated to you, I've defended you," Greene told Boebert before referring to her with the profanity, per one of the Daily Beast's sources. I lean into it," Greene told former Trump adviser Steve Bannon on his "War Room" podcast at the time.

Persons: Marjorie Taylor Greene, Lauren Boebert, Green, Greene, Semafor, —, Zachary Petrizzo, Sam Brodey, Joe Biden, Boebert, Greene —, Biden —, I've, Marjorie, I'm, CNN's Manu Raju, Haley Talbot, Kevin McCarthy, Matt Gaetz, MAGA, McCarthy's, Steve Bannon Organizations: Service, GOP, Caucus, Daily, Colorado Republican, CNN Capitol Hill, Florida Rep, Trump Locations: Colorado, Boebert, Gaetz

☆ Marjorie Taylor Greene says Lauren Boebert's impeachment resolution is 'purely for fundraising'
▼ + stars: | 2023-06-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Greene called Boebert a "bitch" on the House floor, accusing her of copying her impeachment resolution. "It's purely for fundraising," Greene told Semafor on Wednesday. "She has genuinely been a nasty little bitch to me," Greene told Semafor. Because Boebert presented the impeachment resolution as a "privileged resolution," the House is required to take action on the legislation. But you've been nothing but a little bitch to me," Greene reportedly told Boebert.

Persons: Marjorie Taylor Greene, Lauren Boebert, Greene, —, Joe Biden, Semafor, Donald Trump, Kevin McCarthy, Boebert, Biden, I've, you've Organizations: Service, Republican, House Homeland Security, Daily Locations: Georgia

☆ Chris Christie lures big donors as he takes on Trump, while billionaire ally Cohen sits out
▼ + stars: | 2023-06-20 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

A person close to Cohen told CNBC that Cohen has yet to donate to either Christie's campaign or the allied super PAC called Tell It Like It Is. Cohen has no immediate plans to help Christie or get involved with the GOP primary at large, but his intentions could always change, this person added. Wall Street executive and former Trump communications director Anthony Scaramucci previously told Semafor he expected Cohen to support Christie. Colin Reed, a spokesman for the Christie super PAC, would not say who has donated to the group so far and only described the funding support as "overwhelming." The data also shows that Cohen later contributed $1 million toward Trump's inaugural celebration — at a time when Christie also publicly supported Trump.

Persons: Chris Christie, Donald Trump, Christie, Steve Cohen, Cohen, Anthony Scaramucci, Semafor, Scaramucci, CNBC's, Jeb Bush, Marco Rubio, Colin Reed, Reed, Joe Biden, Steve Schwarzman, Andy Sabin, Trump, Alexandra, Christie's Organizations: New, New Jersey Gov, GOP, Republican, Mets, CNBC, Wall Street, Trump, Christie, Gov, Republican Party, Blackstone, America Locations: New Jersey, Wall

☆ Opinion | How Conservatives Went From Demonizing Muslims to Wooing Them
▼ + stars: | 2023-06-16 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

“As your president, I will do everything in my power to protect our L.G.B.T.Q. At the time, this sort of rhetoric was common among Trump and his allies, who fashioned themselves in the mold of European right-wing populists, demonizing Muslims as a threat to hard-won Western sexual freedoms. Seven years later, as the battle against wokeness has supplanted the war on terror in the right-wing imagination, conservative sympathies are reversing. “Republicans are wooing Muslim voters by promising to protect them from L.G.B.T.Q. “The revolt against the radical L.G.B.T.Q.I.+ takeover of the U.S. won another battle this week,” the article crowed.

Persons: Donald Trump, ”, Trump, Geert Wilders, Lucian Wintrich, wokeness, ” David Weigel, Laura Ingraham, ” Ingraham, Kareem Monib Organizations: Republican, Republican National Convention, Trump, White House, Pundit, Fox News, Muslim City Council, U.S Locations: Orlando, MAGA, Semafor, Maryland, Hamtramck, Mich

☆ You'll be able to have a conversation with your Mercedes thanks to built-in ChatGPT
▼ + stars: | 2023-06-15 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

ChatGPT will help Benz's voice assistant respond to more complex commands, the firm said. Starting Friday, some 900,000 Mercedes drivers in the US will be able to opt into a beta program and add ChatGPT capability to their cars through a software update. The German automaker says ChatGPT will augment its existing "Hey Mercedes" voice assistant, allowing it to respond to a wider variety of prompts and even conduct full-on conversations. I've had positive experiences with Mercedes-Benz's software in the past, and maybe ChatGPT will make it even better and more helpful. General Motors is also working on a ChatGPT-powered voice assistant for its cars, Semafor first reported.

Persons: ChatGPT, Smart, Mercedes, I've, Semafor Organizations: Benz, Morning, Mercedes, Motors

☆ Trump says he'll have a 'great birthday' even though it'll be a weird one considering he 'just got charged' and faces '400 years' in prison
▼ + stars: | 2023-06-14 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Despite his Tuesday arraignment, Trump says he'll still have a "nice" and "wonderful" birthday. Happy birthday, great birthday," Trump quipped. Wonderful birthday. 'Happy birthday, Grandpa!' Trump faces 37 charges, including 31 under the Espionage Act.

Persons: Trump, he'll, —, Donald Trump, he's, Eric, Lara, Grandpa, Waltine Nauta Organizations: Service, Justice Department, Trump Locations: Miami, Versailles, Cuban, Bedminster , New Jersey

☆ 'That's on me': Warner Bros Discovery CEO sends email to CNN employees taking responsibility for Chris Licht disaster
▼ + stars: | 2023-06-07 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Chris Licht is leaving his position as CEO of CNN after a tumultuous year in charge. CNN's parent company, Warner Bros. Warner CEO David Zaslav told employees in an email and a morning newsroom call he was taking responsibility for Licht's mistakes. CNN is once again searching for a new top executive just over a year after departing CEO Chris Licht took the job — and David Zaslav, CEO of CNN's parent company Warner Bros. Read the full memo Zaslav sent to CNN staff that was reported by Tani here:Spokespeople for CNN and Warner Bros.

Persons: Chris Licht, David Zaslav, Licht's, Puck's Dylan Byers, Zaslav, Semafor's Max Tani, Don Lemon, Brian Stelter, Donald Trump, Licht, Jeff Zucker, Oliver Darcy, Jake Tapper, Anderson Cooper, Tani Organizations: CNN, Warner Bros, Discovery, Warner, Wall Street Journal Locations: Trump

☆ ChatGPT parent OpenAI doesn't want to go public because CEO Sam Altman wants freedom to make 'very strange' decisions
▼ + stars: | 2023-06-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

ChatGPT parent OpenAI doesn't want to go public, according to CEO Sam Altman. At an event in Abu Dhabi, he said he wants to retain full control of the AI startup's technology. Altman said, "I think the chance that we have to make a very strange decision someday is non-trivial." "When we develop superintelligence, we're likely to make some decisions that public market investors would view very strangely," Altman said. The latest investment is estimated to have valued OpenAI at $29 billion, up from about $14 billion in 2021, Semafor reported in January.

Persons: Sam Altman, Altman, —, Semafor, OpenAI Organizations: Service, Bloomberg, Microsoft, ChatGPT Locations: Abu Dhabi

☆ Chris Licht's tumultuous 13-month run as CEO of CNN: Layoffs, anchor drama, and that really bad Atlantic profile
▼ + stars: | 2023-06-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

Discovery CEO David Zaslav emailed staff, letting them know Licht was stepping down. On the programming side, Licht launched "CNN This Morning," with anchors Don Lemon, Poppy Harlow, and Kaitlan Collins. "It's another shit show" on top of Licht's multiplying challenges at CNN, one former employee told Insider at the time. "Having people applaud those sexual abuse comments definitely made me question my allegiance to this network," one network executive told Insider. CNN's own media reporter Oliver Darcy said Licht had "lost the room," adding that dozens of CNN staffers no longer had confidence in their leader.

Persons: Chris Licht, David Zaslav, Licht, Zaslav, He'd, Jeff Zucker, Stephen Colbert's, Joe, Licht's, WBD, —, Brian Stelter, John Harwood, Don Lemon, Poppy Harlow, Kaitlan Collins, Chris Cuomo, Nikki Haley, isn't, Lemon, Gayle King, Charles Barkley, Dana Bash —, Donald Trump, Trump, CNN's Collins, Zucker, Insider's Nich Carlson, Zaslav's, Puck's Dylan Byers, he'd, CNN's, Oliver Darcy, Anderson Cooper, Jake Tapper, Max Tani Organizations: CNN, Warner Bros, Discovery, Licht, CBS, Trump, House, Republican Party, — CNN, AP, Variety, cnn Locations: Trump

Digital Content Next shared the principles with its board and relevant committees Monday. Digital Content Next's "Principles for Development and Governance of Generative AI": Developers and deployers of GAI must respect creators' rights to their content. The urgency behind building a system of rules and standards for generative AI is intense, said Jason Kint, CEO of Digital Content Next. How generative AI will unfold in the coming months and years is dominating media conversation, said Axios CEO Jim VandeHei. "Even with AI tools or generative AI models that work in text like ChatGPT, it doesn't change the fact we're already doing this work," said Looft.

Persons: Andrew Burton, Robert Frost, Vincent Van Gogh, Google's Bard, GAI, Jason Kint, I've, Kint, We've, Jim VandeHei, VandeHei, Barry Diller, Robert Thomson, Thomson, Diller, Chris Berend, Pope Francis, Chris Looft, Berend Organizations: New York Times, Getty, NBC, The Washington Post, Street, News Corp, Development, ., A.I, Digital, Facebook, Nasdaq, Market, Big Tech, International News Media, News Media, NBC News Group, Pentagon, Bloomberg, Axios Technology, Google, Disney, ABC, NBC News, CNBC Locations: New York City, New York, Washington ,

☆ Middle Eastern investors are pouring money into US media, sports, and entertainment — here are the 9 most active players and their key leaders
▼ + stars: | 2023-06-05 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +10 min

Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi

☆ 'Jeopardy' host Ken Jennings zinged embattled Rep. George Santos after the congressman was the correct answer in a category on the game show
▼ + stars: | 2023-05-27 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

"Jeopardy" host Ken Jennings zinged George Santos after the GOP Rep. was featured in a clue. "I don't get to say this very much but George Santos is correct," he said during the episode. "Who is George Santos?" "I don't get to say this very much but George Santos is correct," Jennings said in a swipe at the Republican lawmaker. Earlier this month, federal prosecutors charged Santos with wire fraud, money laundering, and theft of public funds, part of a 13-count indictment.

☆ How 'the dress' broke the internet — and pushed Facebook to force everyone into their own filter bubble
▼ + stars: | 2023-05-25 | by ( Ben Smith | ) www.businessinsider.com time to read: +8 min

In 2015, a BuzzFeed staffer posted a picture of a dress with the caption, "What color is this dress?" The following is an excerpt from "Traffic: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral" by Ben Smith. Jonah saw it differently. From TRAFFIC: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral by Ben Smith. Copyright © Ben Smith, 2023.

☆ Microsoft leaps into the AI regulation debate, calling for a new US agency and executive order
▼ + stars: | 2023-05-25 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

For decades, “the rule of law and a commitment to democracy has kept technology in its proper place,” Smith said. Microsoft vice chair and president Brad Smith speaks at the Semafor World Economic Summit on April 12, 2023 in Washington, DC. That framework, which Congress first ordered with legislation in 2020, covers ways that companies can use AI responsibly and ethically. Such an order would leverage the US government’s immense purchasing power to shape the AI industry and encourage the voluntary adoption of best practices, Smith said. Smith’s remarks, and a related policy paper, come a week after Google released its own proposals calling for global cooperation and common standards for artificial intelligence.

Persons: Biden, Brad Smith, Smith, ”, ” Smith, “, OpenAI, Drew Angerer, Joe Biden, Smith’s, ” Kent Walker Organizations: CNN, Microsoft, IBM, National Institute of Standards, Technology, NIST, Google Locations: Washington, China, Europe, United States, —, Washington ,

☆ Republicans are holding the American economy 'hostage' over the debt ceiling after rejecting Biden's offer of $3 trillion in deficit cut proposals, House Progressive Caucus says
▼ + stars: | 2023-05-24 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +4 min

Republicans have refused to raise the debt ceiling without reducing the deficit. The US could default on its debt in less than a week unless Congress raises the debt ceiling. House Democrats blame this "reckless hostage taking" on Republicans. House Democrats have flipped the switch. House Democrats are blaming their Republican colleagues for rejecting Democratic proposals to reduce the deficit.

☆ Some GOP lawmakers want McCarthy to reject any debt ceiling deal that doesn't include banning student-loan forgiveness and strengthening work requirements for federal programs
▼ + stars: | 2023-05-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Some GOP lawmakers don't want McCarthy to budge on any of their demands in a debt ceiling deal. The US could default on its debt as soon as June 1, and the parties have yet to reach a deal. McCarthy and Biden met on Monday evening to once again attempt to reach a deal on raising the debt ceiling. And even with an economically catastrophic default looming, some GOP lawmakers don't want McCarthy to budge on Republican demands to reach a deal. Many progressive lawmakers have criticized compromising with Republicans on the debt ceiling, reinforcing Biden's repeated statements that raising the debt ceiling should be a bipartisan and clean process, without any spending cuts attached.

☆ Court tosses defamation lawsuit against the Daily Beast over an article that destroyed Gawker 2.0
▼ + stars: | 2023-05-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

A defamation lawsuit against The Daily Beast was dismissed by a New York appeals court. A New York appeals court this week dismissed a defamation lawsuit against The Daily Beast over an article that led to the implosion of Gawker's short-lived second iteration. The Daily Beast article in question, written by Maxwell Tani, detailed Bustle Digital Group's failed attempt to revive Gawker, a gossipy media site. According to The Daily Beast report, the site's only two writers quit in frustration with Griffith's comments about diversity in the workplace. The litigation bounced around in court for years before landing in front of a New York state appeals court.

☆ Elon Musk says 'I am the reason OpenAI exists' and that he 'came up with the name.'
▼ + stars: | 2023-05-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk took credit for the existence of OpenAI and said he came up with the startup's name. "I am the reason OpenAI exists," Musk told CNBC's David Faber in a Tuesday interview. "I came up with the name," Musk told CNBC. Musk told CNBC Microsoft could "cut off OpenAI" at any point and has a lot of control over the startup. OpenAI, Microsoft, and Musk did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ Once valued at nearly $6 billion, Vice files for bankruptcy
▼ + stars: | 2023-05-15 | by ( Claire Atkinson | Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Vice filed for bankruptcy, wiping out equity holders who poured in hundreds of millions, including TPG and James Murdoch. The company filed for Chapter 11 bankruptcy on Monday in New York's Southern District Court. The company's filing listed assets and liabilities in the range of $500 million to $1 billion. Vice had run multiple sales processes with a range of different banks but never received an offer palatable to its owners. The bankruptcy filing reveals just how many companies and investors pinned their hopes on Smith's hype about the potential growth trajectory of the TV and online venture.

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