OpenAI is considering filing an antitrust complaint against Microsoft, its largest investor, over potential violations in their contract, amidst tensions related to OpenAI’s shift to a public benefit corporation. The dispute includes negotiations on Microsoft’s investment terms and the future equity stake, with criticisms arising from figures like Elon Musk and Meta Platforms regarding OpenAI’s profit motives.
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Senate passes GENIUS stablecoin bill in a win for the crypto industry
In a 68-30 vote, the Senate passed the GENIUS Act, establishing a federal regulatory framework for stablecoins, with bipartisan support including 18 Democrats. The bill's passage, despite earlier opposition, is seen as a win for the crypto industry, which has heavily influenced political action, although critics like Senator Elizabeth Warren raised concerns over regulatory adequacy. Need More Context? 🔎
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