OpenAI Plans Restructuring To Prevent Hostile Takeovers According to Odaily, OpenAI is pursuing a largely untested corporate structure to shield itself from hostile takeovers and protect CEO Sam Altman from external interference. The artificial intelligence startup, which secured $6.6 billion in new funding last week, is planning to restructure as a Public Benefit Corporation (PBC). Multiple sources familiar with the company's strategy indicate that one key advantage of the PBC structure is its potential to thwart unwanted acquisitions or demands from activists. This means that existing investors, such as Microsoft or other parties, may face challenges if they attempt to acquire OpenAI. The PBC structure obligates OpenAI to balance the best interests of shareholders, the public, and stakeholders, including employees and society. A knowledgeable source stated that this approach to the company's
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Bullish Bitcoin Hopes Dented as China Eases Stimulus Plans According to CoinDesk: Bitcoin's recent rally has been dampened by a lack of new stimulus measures from China, with Beijing’s latest announcements falling short of market expectations. As a result, BTC dropped by 1.5%, following a surge in the past few weeks that had been partly driven by hopes of long-term Chinese stimulus. Crypto traders are now shifting their focus to an upcoming Federal Reserve meeting for potential market direction. The market was further disappointed when the National Development and Reform Commission (NDRC), in a Tuesday briefing, provided no specific details on new measures to stimulate China's economy. This underwhelmed investors who had anticipated stronger post-holiday market support. Consequently, the Shanghai Composite jumped by 4% at the open but closed the day lower, while the Hang Seng Index fell nearly 7%, reversing previous gains.
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Phishing Group Shifts Focus From Ton Ecosystem To Bitcoin According to Odaily, SlowMist founder Yu Jian shared on the X platform, citing an official tweet from ScamSniffer, that a phishing group operating within the TON ecosystem is preparing to shut down. The group believes that the TON community lacks significant players and is relatively small. Consequently, they have decided to shift their focus to the Bitcoin ecosystem, deeming it more lucrative. Yu Jian also suggested that the group's decision might indicate a lack of intelligence on their part
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