Sam Altman Not Returning as CEO of OpenAI
Sam Altman’s bid to return to OpenAI faltered, as the board that fired him opted not to agree to proposed terms of his reinstatement. Emmett Shear, former CEO of Twitch, was named interim CEO.
Kyle Vogt Resigns as CEO of GM’s Driverless-Car Unit Cruise
The resignation follows a turbulent month in which the company lost some of its permits in California and paused operations.
CEO of Singtel’s Optus Resigns Following Australian Network Outage
The chief executive of Optus, the Australian subsidiary of Singapore Telecommunications, resigned following a network outage that lasted for several hours.
This Coal Giant Now Wants to Get Out of Coal
Glencore has set in motion a plan to quit coal, leaving it to focus on green metals.
Bayer Told to Pay $1.56 Billion After Losing Roundup Case
A Missouri jury found in favor of plaintiffs as verdicts seesaw in trials involving the weedkiller.
Signature Bank’s Apartment Loans Selling at a Steep Discount
About half of the bank’s assets in the closely watched auction fall into the rent-regulated category.
SpaceX Rocket Test Reaches Milestone-and Ends With Explosion
Elon Musk’s deep-space rocket made it further than a previous test flight, achieving separation before losing contact with spacecraft.
Apple and Disney Among Companies Stopping Ads on X
The move follows other major advertisers that have stepped back from the platform after Elon Musk posted that an antisemitic social-media post was ‘the actual truth.’
Clean-Energy Startups Expected a Gusher of Government Money. They Are Still Waiting.
Companies often need to show progress to get government cash but struggle without it.
A Ransomware Gang Wanted Its Victim to Pay Up. So It Went to the SEC.
The hackers didn’t wait for new rules, which would require companies to disclose major cybersecurity incidents, to go into effect.
Source: Dow Jones Newswires