AI & Enterprise

Microsoft feared losing control to OpenAI even before ChatGPT launch, court shows

Microsoft worried it could cede leadership to OpenAI even before the launch of ChatGPT, according to evidence revealed in court in a trial involving Elon Musk and Sam Altman. CEO Satya Nadella wrote in a 2022 email that he did not want Microsoft to become IBM with OpenAI becoming Microsoft. Microsoft sought intellectual property rights while investing in OpenAI. OpenAI later expanded partnerships beyond Microsoft, and Microsoft has acknowledged it as a competitor.

Crypto

Galaxy Digital says U.S. CLARITY Act could pass with bipartisan support after long delay

The U.S. CLARITY Act on crypto market structure has entered a phase where it could pass with bipartisan support, as the Senate Banking Committee set revisions and a vote schedule. Galaxy Digital research head Alex Thorn highlighted the addition of the Build Now Act, backed by Senators John Kennedy and Elizabeth Warren, and said it may help secure Kennedy’s support. The revision also addresses stablecoin rewards, developer liability and oversight.