Sam Altman will return as CEO of OpenAI.

OpenAI co-founder Sam Altman will return as the company's CEO after being fired on November 17. This was reported on the company's Twitter.

Following the announcement of Sam Altman's return as chief executive of AI lab OpenAI, investors are trying to influence the way the company is run. What will change for a top AI laboratory.

The main AI company OpenAI changed the head of the company three times during November 17-22. First, the board fired Sam Altman after four years on the job. Two days later - Mira Murati, who was previously the technical director. Finally on November 22nd - Emmett Shear, co-founder of Twitch.

His return is the result of pressure on the board of directors from investors and an employee rebellion. More than 90% of the company's employees threatened to join the fired top manager at the tech giant Microsoft. They demanded the resignation of the OpenAI board of directors and the return of Altman to his position.
 

The SEC accused the Kraken exchange of trading unregistered securities.

The US Securities and Exchange Commission (SEC) has accused cryptocurrency exchange Kraken of trading unregistered securities and failing to register as a broker-dealer. On November 20, the SEC filed a lawsuit in federal district court in San Francisco against Payward Inc. and Payward Ventures Inc., operating under the collective name Kraken. The regulator alleges that since September 2018, Kraken has been illegally facilitating the purchase and sale of crypto assets, which are unregistered securities, and making hundreds of millions of dollars in the process. The SEC also accused Kraken of operating a marketplace that combined the functions of an exchange, broker, dealer and clearing agency without registering as required by law. This deprived investors of protection in case of possible loss of money, the department said.

 

A lawsuit was filed against Apple for unfair competition in the P2P sphere.

A consumer group has filed a class action lawsuit against Apple. It is accused of unfair competition by restricting decentralised payments in P2P applications on iOS.

The lawsuit alleges that Apple entered into a “secret agreement” with Block and PayPal, the developers of Cash App and Venmo, respectively. The purpose of the deal, according to the prosecution, was to limit the access of iPhone users among clients of these services to decentralised payments.

 

An unknown person paid $3.1 million in commission for one Bitcoin transaction.

On November 23, an unknown user paid a commission of 83.65 BTC ($3.1 million) when transferring 55.77 BTC ($2.1 million). This is a new record for the reward received by miners in dollar equivalent for confirming a transaction.

During the operation, the sender overpaid by 120,528 times and was left with a zero balance. The average fee on the Bitcoin network at the time of writing is 0.00028 BTC ($10.51), according to BitInfoCharts.

 

Netflix director used $4 million from the series budget to invest in DOGE.

The director of Netflix's sci-fi series Conquest, Carl Erik Rinsch, used $4 million of the series' budget to buy DOGE and earned $27 million, The New York Times (NYT) reports.

In March 2020, Netflix allocated an initial budget of $44 million to Rinsch. Later, the company transferred another $11 million to the director, provided that he completed work on the series.

The NYT report said Rinsch used $10.5 million of the new funding "to gamble on the stock market" and allegedly lost about $6 million. Journalists reported that he "bet" on options on pharmaceutical companies and the S&P 500 index.

When he had $4 million left, he decided to transfer funds to the Kraken cryptocurrency exchange and buy DOGE tokens. and then he withdrew $27 million from his account.