Business

Zed Jameson/Bloomberg via Getty Images (SEATTLE) — The Justice Department announced Tuesday that the cryptocurrency giant Binance and its CEO are pleading guilty to violations of U.S. anti-money laundering laws while agreeing to pay more than $4 billion in fines. Chengpeng Zhao, the company’s founder, pleaded guilty in federal court in Seattle on Tuesday for failing […]

(NEW YORK) — Months before OpenAI board member Ilya Sutskever would gain notoriety for his key role in the ouster of CEO Sam Altman, Sutskever co-authored a little-noticed but apocalyptic warning about the threat posed by artificial intelligence. Superintelligent AI, Sutskever co-wrote on a company blog, could lead to “the disempowerment of humanity or even human […]

(NEW YORK) — OpenAI was thrown into upheaval in recent days after the sudden departure of CEO Sam Altman, who just three days later landed at Microsoft. The ouster elicited a letter from about 600 employees at OpenAI, all of whom threatened to resign unless Altman returns. As the worker protest unfolded, OpenAI – maker […]

(NEW YORK) — Less than a year out from the next presidential election, former President Donald Trump and some Republican allies continue to falsely deny the results of the previous one. Three in 10 adults believe that President Joe Biden only won the 2020 contest because of election fraud, a Monmouth poll in June found. […]

Justin Sullivan/Getty Images (NEW YORK) — Sam Altman is stepping down from his role as CEO of OpenAI, the company announced on Friday. The departure follows a review process undertaken by the company’s board of directors, said OpenAI, the maker of the popular conversation bot ChatGPT. “Mr. Altman’s departure follows a deliberative review process by […]

(NEW YORK) — Members of the United Auto Workers voted to ratify a contract with General Motors, making it the first of the Big 3 U.S. carmakers to formally conclude a weekslong labor dispute that brought tens of thousands of autoworkers to picket lines and risked major economic disruption, balloting results posted online by the […]

(NEW YORK) — When Harry and Jen Appel lost their home in Big Pine Key, Florida, to Hurricane Irma in 2017, they thought their insurance policies would cover the cost to repair and they’d rebuild in the same location. The couple showed ABC News’ meteorologist Rob Marciano the spot where their home used to be, […]

(NEW YORK) — Thousands of Starbucks employees nationwide are set to walk off the job on Thursday in the largest work stoppage in the five-decade history of the company, the union representing the workers said in a statement to ABC News. Employees at hundreds of unionized stores will call on Starbucks to bargain labor contracts […]

(NEW YORK) — Chris Josephs wakes up each morning, opens his laptop, and combs through last night’s stock trades. Josephs, who lives in Santa Monica, California, is not keeping an eye on his own portfolio. Instead, the 20-something tech entrepreneur has spent years intensely following the stocks that are bought and sold by people on […]

(NEW YORK) — Delivering on long-awaited improvements, the Department of Education will soon release a streamlined version of its widely used college financial aid form, known as the FAFSA, to less than 20 questions that could take some people just 10 minutes to fill out, officials told ABC News. The new Free Application for Federal […]