Altman Reinstated as OpenAI CEO, Nvidia Warns of China Sales Hit, Zhao Resigns from Binance after Guilty Plea
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Sam Altman is being reinstated as OpenAI's CEO after being ousted last week, with co-founder Greg Brockman also returning. Altman will be supervised by a new board including former Salesforce co-CEO Bret Taylor.
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U.S. stock futures were muted ahead of the last full trading day this week, as investors assessed the latest Fed minutes and awaited Nvidia earnings.
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Nvidia warned its sales in China could "decline significantly" due to new U.S. export controls on AI chips, but said growth elsewhere would offset this.
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Changpeng Zhao has resigned as Binance CEO and pleaded guilty to money laundering charges. Binance will pay over $4 billion in penalties.
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Oil prices dipped after an industry report pointed to a large build in U.S. crude stockpiles. OPEC+ is set to meet this weekend to discuss potential further output cuts.