An excerpt from the upcoming book “The Optimist: Sam Altman, OpenAI, and the Race to Invent the Future” offers new details about why OpenAI’s board briefly fired CEO Sam Altman back in 2023. Written by Wall Street Journal reporter Keach Hagey, the book claims the nonprofit’s board members became increasingly concerned after learning about issues […]
Sam Altman firing drama detailed in new book excerpt Read More »
Welcome back to Week in Review! Elon Musk says that xAI bought X in an all-stock deal; a16z-backed 11x faked some customers; the Lumon Terminal Pro pops up on Apple’s website; and much more. Let’s dig in! xAI buys X: X owner Elon Musk announced on X on Friday that xAI acquired X in an
Elon Musk’s xAI buys X Read More »
Technology entrepreneur Tom Adeyoola has been named as the government’s preferred candidate to head Innovate UK, the country’s £1.1 billion-a-year innovation agency, at a pivotal moment for the organisation. The Department for Science, Innovation and Technology confirmed that Adeyoola, 47, is in line to replace Indro Mukerjee in the £195,000-a-year role. The appointment comes as
Tech entrepreneur Tom Adeyoola to lead £1.1bn Innovate UK amid funding review Read More »
CoreWeave began trading on Friday with more of a shrug than a war cry. The company priced at $40 on Thursday, below the $47- $50 price range announced. It also trimmed the number of shares offered. All told, CoreWeave raised $1.5 billion and nabbed a $14 billion market cap on Day 1, instead of a
CoreWeave co-founder explains how a closet of crypto-mining GPUs led to a $1.5B IPO Read More »
Frasers Group has voted to block Boohoo’s attempt to change its holding company name to Debenhams, escalating a long-running feud between the UK retail giants. The move, led by Mike Ashley’s group, which owns a 27 per cent stake in Boohoo, effectively prevented the resolution from passing at a general meeting on Friday. The motion
Frasers blocks Boohoo name change to Debenhams amid deepening rivalry Read More »
The UK’s £8 billion-a-year R&D tax credit scheme is facing a major shake-up as the government moves to tackle widespread fraud and error while improving accessibility for genuine claimants. Proposals outlined in a consultation published alongside the Spring Statement suggest that businesses may soon be required to obtain formal pre-approval — or “advance assurance” —
HMRC considers overhaul of £8bn R&D tax credit scheme amid fraud concerns Read More »
Apprenticeship and workplace training provider Multiverse has posted a 29 per cent rise in sales to £58.4 million for the year ending March 2024, but its losses also deepened, underscoring the high cost of its rapid expansion. Founded by Euan Blair, son of former Prime Minister Sir Tony Blair, the company reported pre-tax losses of
Sales rise at Euan Blair’s Multiverse but annual losses widen to £60m Read More »
When Intel Capital announced its plans to spin out from semiconductor giant Intel in January, it came as a bit of a shock considering the firm has been operating as Intel’s venture investment arm since 1991. In many ways this decision marks the end of an era for what’s considered by some to be the
A look at Intel Capital before the 34-year-old firm strikes out on its own Read More »
Fall 2025 + Winter 2026 Applications Open for MS in Leadership for Creative Enterprises | ArtsJournal Fall 2025 + Winter 2026 Applications Open for MS in Leadership for Creative Enterprises Northwestern University’s
Fall 2025 + Winter 2026 Applications Open for MS in Leadership for Creative Enterprises Read More »
Charlie Javice, the founder of student loan application startup Frank that was purchased by JPMorgan for $175 million, was found guilty on Friday of defrauding the bank by greatly inflating the customer count. After a five-week trial, the jury found Javice guilty, agreeing with prosecutors’ claims that she fabricated the vast majority of Frank’s customer
Javice found guilty of defrauding JPMorgan in $175M startup purchase Read More »
