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A profile of OpenAI, which raised $1B from Microsoft after Sam Altman demoed an AI model to Satya Nadella in 2019, as some remain skeptical about its revenue (Wall Street Journal)

Wall Street Journal: A profile of OpenAI, which raised $1B from Microsoft after Sam Altman demoed an AI model to Satya Nadella in 2019, as some remain skeptical about its revenue  —  Behind ChatGPT and other AI breakthroughs was Sam Altman’s fundraising—but skeptics remain  —  ChatGPT, the artificial-intelligence …

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The DOJ says Karl Sebastian Greenwood, who co-founded the $4B+ fraudulent OneCoin scheme, has pleaded guilty to wire fraud and other charges (Associated Press)

Associated Press: The DOJ says Karl Sebastian Greenwood, who co-founded the $4B+ fraudulent OneCoin scheme, has pleaded guilty to wire fraud and other charges  —  A co-founder of the fraudulent cryptocurrency OneCoin, a pyramid scheme that conned billions of dollars from investors worldwide …

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Analysis: Binance’s filings in 14 jurisdictions show its operations are mostly opaque, do not disclose where Binance.com is based, offer little data, and more (Reuters)

Reuters: Analysis: Binance’s filings in 14 jurisdictions show its operations are mostly opaque, do not disclose where Binance.com is based, offer little data, and more  —  The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token.

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Meta CTO Andrew Bosworth says the company plans to devote ~20% of its overall costs and expenses to Reality Labs in 2023, up from 18% in Q3 2022 (Kurt Wagner/Bloomberg)

Kurt Wagner / Bloomberg: Meta CTO Andrew Bosworth says the company plans to devote ~20% of its overall costs and expenses to Reality Labs in 2023, up from 18% in Q3 2022  —  Facebook parent company Meta Platforms Inc. will continue to devote about 20% of its overall costs and expenses to Reality Labs in

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Binance says Deloitte, E&Y, KPMG, and PwC are “currently unwilling” to conduct audits on private crypto companies, after Mazars stopped providing such audits (Casey Wagner/Blockworks)

Casey Wagner / Blockworks: Binance says Deloitte, E&Y, KPMG, and PwC are “currently unwilling” to conduct audits on private crypto companies, after Mazars stopped providing such audits  —  Ren Protocol, the Alameda-funded crypto platform that issues wrapped bitcoin under renBTC, is remodeling itself after the FTX crash.

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Yuga Labs names former Activision Blizzard president and COO Daniel Alegre as CEO, starting in H1 2023 and replacing Nicole Muniz; Yuga develops the BAYC NFTs (Rosie Perper/CoinDesk)

Rosie Perper / CoinDesk: Yuga Labs names former Activision Blizzard president and COO Daniel Alegre as CEO, starting in H1 2023 and replacing Nicole Muniz; Yuga develops the BAYC NFTs  —  The Bored Ape parent company said Alegre’s previous gaming experience will help advance the brand’s Otherside metaverse and propel …

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Binance.US agrees to acquire Voyager Digital’s assets out of bankruptcy in a deal worth $1.022B, subject to approval at a hearing on January 5 (Claire Boston/Bloomberg)

Claire Boston / Bloomberg: Binance.US agrees to acquire Voyager Digital’s assets out of bankruptcy in a deal worth $1.022B, subject to approval at a hearing on January 5  —  Binance.US will buy Voyager Digital’s assets out of bankruptcy in a deal worth $1.022 billion.  —  Voyager selected Binance.US as the highest …

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Epic Games agrees to pay the FTC $520M to resolve two complaints over allegedly breaking kids’ online privacy rules and tricking users into unintended purchases (Wall Street Journal)

Wall Street Journal: Epic Games agrees to pay the FTC $520M to resolve two complaints over allegedly breaking kids’ online privacy rules and tricking users into unintended purchases  —  The agency alleged that the company invaded children’s privacy and tricked players of all ages into making unintended purchases

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