A lengthy public war of words between two cryptocurrency exchange giants may come to an end as #Binance is now all set to acquire its rival #FTX.
Binance #CEO Changpeng Zhao (CZ) on November 8 said the exchanged has signed a non-binding letter of intent, planning to fully acquire FTX.
CZ stated that Binance will help FTX navigate its current “#liquidity crunch.”
However, the firms didn’t disclose the value of the deal, pending the due diligence process.
Overall, #SBF thanked CZ and Binance for their aid while dismissing “rumors” about media conflict between the two exchanges.
Binance #CEO Changpeng Zhao (CZ) on November 8 said the exchanged has signed a non-binding letter of intent, planning to fully acquire FTX.
CZ stated that Binance will help FTX navigate its current “#liquidity crunch.”
However, the firms didn’t disclose the value of the deal, pending the due diligence process.
Overall, #SBF thanked CZ and Binance for their aid while dismissing “rumors” about media conflict between the two exchanges.
Sam Altman, the Silicon Valley CEO behind the artificial intelligence-powered chatbots ChatGPT and GPT-4, has been abruptly fired by his company’s board of directors in a major shake-up for the tech industry.
Microsoft-backed Open AI said on Friday that its board of directors decided on the “leadership transition” after losing confidence in Altman’s ability to lead the company.
#OpenAI #ChatGPT #SamAltman #CEO #Fired #Coinpedia
Microsoft-backed Open AI said on Friday that its board of directors decided on the “leadership transition” after losing confidence in Altman’s ability to lead the company.
#OpenAI #ChatGPT #SamAltman #CEO #Fired #Coinpedia