Money

CNN By Jennifer Korn and Paul Glader, CNN (CNN) — When technology firm OpenAI ousted its CEO Sam Altman last week with little warning and less explanation, it set off shockwaves throughout Silicon Valley and beyond. Late Tuesday, in a complete reversal, he rejoined the controversial firm he had helped found, effectively bouncing from the

By Jennifer Korn and Paul Glader, CNN (CNN) — When technology firm OpenAI ousted its CEO Sam Altman last week with little warning and less explanation, it set off shockwaves throughout Silicon Valley and beyond. Late Tuesday, in a complete reversal, he rejoined the controversial firm he had helped found, effectively bouncing from the board

By Luciana Lopez, CNN New York (CNN) — Economist Larry Summers, the former Obama and Clinton official, is joining an initial, revamped OpenAI board, as the company welcomes back CEO Sam Altman just days after he was ousted by the previous board. The addition of former Clinton Treasury Secretary Summers — as well as former

By Anna Cooban, CNN London (CNN) — The European Union is pulling its advertisements from Elon Musk’s X for now, citing an “alarming increase” in hate speech and disinformation on the platform formerly known as Twitter. A more drastic move could come next year. The European Commission, the bloc’s executive arm, could impose a fine

CNN By Clare Duffy, CNN New York (CNN) — At least a dozen major brands have halted ad spending on X, formerly Twitter, since its latest advertiser exodus began last week over concerns about antisemitism and hate speech on Elon Musk’s social media platform. Fox Sports, Ubisoft, Axios, TechCrunch and Paris Hilton’s 11:11 Media all

By Jordan Valinsky, CNN New York (CNN) — Warren Buffett is donating about $870 million to four family-run foundations ahead of the Thanksgiving holiday, continuing a tradition of giving away his massive wealth of about $120 billion. The donations are in the form of shares, with a release from his Berkshire Hathaway conglomerate detailing that

By Ramishah Maruf, CNN New York (CNN) — Thanksgiving Day has looked different in recent years. Sights of people lining up at 5 pm Thanksgiving Day at large retailers to catch Black Friday deals are rare since the onset of the pandemic. Many stores opted to close its doors on Thanksgiving in 2020 to limit

By Clare Duffy and Diksha Madhok, CNN New York/New Delhi (CNN) — In a year of wild tech stories that has seen Elon Musk transform Twitter, cryptocurrency exchange FTX collapse and Silicon Valley Bank implode, this week’s whiplash-inducing turmoil at OpenAI is among the most captivating. Sam Altman — the leader of one of the

By Oliver Darcy, CNN (CNN) — The relentless war between Israel and Hamas has led to a staggering number of civilian deaths and displaced nearly 2 million people in Gaza, spawning an urgent humanitarian crisis. It’s also presented a high-stakes conundrum for the international press as the conflict captures the attention of the world and

By Danielle Wiener-Bronner, CNN New York (CNN) — Popeyes wants to recapture some of the magic from its chicken sandwich debut with a new line of wings. Starting Wednesday, customers will be able to get Honey BBQ wings, Roasted Garlic Parmesan wings and Signature Hot wings at Popeyes locations across the country, along with the

By Clare Duffy and David Goldman, CNN New York (CNN) — Sam Altman has agreed to return to lead OpenAI, the company said in a Tuesday post on X, just days after his surprise ouster as chief executive sparked an employee revolt that threatened to undermine what has been the leading company in the fledgling

By Michelle Toh and Nectar Gan, CNN Hong Kong (CNN) — The chairman and CEO of Chinese video game live-streaming platform DouYu has been arrested, becoming the latest business leader to run afoul of authorities in the world’s second largest economy. DouYu (DOYU) said in a regulatory filing Tuesday that its chief, Chen Shaojie, had

By Liam Reilly and Clare Duffy, CNN (CNN) — Paris Hilton’s entertainment company 11:11 Media has pulled an advertising campaign from Elon Musk’s X just one month after announcing an exclusive partnership with the platform, becoming the latest brand to halt ad spending on the site formerly known as Twitter over concerns about antisemitism and pro-Nazi content on the site. “11:11 Media

By Allison Morrow, CNN New York (CNN) — There are few figures in crypto that have loomed quite as large in the past few years than Changpeng Zhao — better known as CZ — and the company he founded in 2017, Binance. Not only is Binance the world’s biggest crypto exchange, it is orders of

By Brian Fung and Samantha Delouya, CNN Washington (CNN) — A group of House Democrats has accused X, the platform formerly known as Twitter, of profiting from Hamas propaganda and misinformation about the Israel-Hamas war after reports by independent researchers found numerous accounts glorifying the US-sanctioned terror group. More than two dozen US lawmakers signed

By Oliver Darcy, CNN (CNN) — After days of silence following X owner Elon Musk’s endorsement of an antisemitic post, the NFL said Tuesday that it has conveyed its displeasure with the social media company. “The NFL unequivocally denounces all forms of hate speech and discrimination,” Brian McCarthy, the NFL’s chief spokesperson, said in a

By Peter Valdes-Dapena, CNN (CNN) — Ford has restarted work on an electric vehicle battery plant in Michigan, but the plant will be smaller than was originally planned. Ford paused work at the site in late September during the United Auto Workers strike, saying at the time that the company needed to reevaluate the scope

By Brian Fung, CNN (CNN) — Some legal experts are panning Elon Musk’s lawsuit targeting the watchdog group Media Matters, saying the complaint filed Monday by X, the platform formerly known as Twitter, runs contrary to the First Amendment and could backfire wildly — if it progresses at all. The lawsuit filed Monday accuses Media