Today’s Cache | Binance fined $4 billion as CEO steps down; Sam Altman to return as OpenAI CEO; Epic Games chief lambasts Google in court
The HinduBinance fined $4 billion as CEO steps down The largest cryptocurrency exchange in the world, Binance, was hit with a $4 billion fine in one of the costliest legal penalties faced by a crypto company. Sam Altman to return as OpenAI CEO Though Microsoft CEO Satya Nadella stated that fired OpenAI CEO Sam Altman and his colleagues would be joining the Windows-maker in order to lead a new AI research team, OpenAI announced today that Altman would be returning as the company’s CEO with a new initial board. Altman’s shock firing last week, followed by former President Greg Brockman’s resignation, the appointment of two new interim CEOs in around three days, and an open letter signed by most OpenAI employees threatening to follow Altman out, have greatly spooked Microsoft investors and the tech industry at large. Epic Games CEO lambasts Google in court Epic Games CEO Tim Sweeney did not mince words as he called for an end to Google’s methods of operating the Play Store for Android apps, claiming that the internet giant unfairly dominated the market and did not allow app makers to flourish outside its ecosystem. The chief of the company behind the Fortnite game alleged Google was gouging prices and collecting expensive commissions on in-app digital transactions, adding that when Epic tried to make Fortnite for Android available on its own website, Google’s “scare screens” and pop-ups stopped users from leaving the Play Store.