Bytes: Week in Review - OpenAI's for-profit troubles, FTC sues Uber...
Jewel Burks Solomon, managing partner at Collab Capital, joins Marketplace’s Stephanie Hughes on “Tech Bytes: Week in Review.” It's the last Friday in April and it's time for Marketplace Tech Bytes Week in Review.
FTC Sues Uber
This week, the Federal Trade Commission is suing Uber over its subscription service. The FTC Takes Action Against Uber for Deceptive Billing and Cancellation Practices. The FTC alleges that Uber engaged in deceptive billing and cancellation practices. Read more
OpenAI's Troubles
OpenAI, the maker of ChatGPT, is facing challenges as it looks to restructure as a for-profit entity. The company, founded as a nonprofit research lab, is now seeking to become a public benefit corporation. However, this transformation is meeting resistance. About 10 former Open AI employees, along with several Nobel laureates and other experts, have written an open letter opposing the change. They argue that nonprofit control is essential to Open AI's mission of ensuring that artificial general intelligence benefits all of humanity. Read more
VC World Navigating Trade War
In the midst of the trade war, the VC world is navigating uncertainty. VC manufacturing deals were already declining before tariffs entered the picture. The White House is considering slashing China tariffs to de-escalate the trade war. Read more
Marketplace’s Stephanie Hughes spoke with Jewel Burks Solomon, managing partner at Collab Capital, about how unusual it is to see this kind of conversion.
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