Gate News message, April 25 — A U.S. judge has dismissed fraud allegations filed by Elon Musk against OpenAI and OpenAI co-founder Sam Altman in his ongoing lawsuit against the company. The court has ruled that the fraud claims will not proceed, though the judge has scheduled additional hearings

Gate News message, April 23 — Sam Bankman-Fried, former FTX CEO, withdrew his motion for a new trial on Wednesday in a letter to U.S. District Judge Lewis Kaplan, stating he does not believe he will receive a "fair hearing" on the matter from the judge. In his filing with the U.S. District Court fo

Gate News message, April 22 — SpaceX announced a major partnership with AI coding startup Cursor today, with an option to acquire the company for $60 billion. The deal has given fresh ammunition to Sam Bankman-Fried (SBF), who is currently incarcerated and pushing for a presidential pardon, as it de

Altman on Core Memory recounts failed OpenAI governance talks with Elon Musk: stages of compromise toward a for-profit model, Musk's demands for majority stake and CEO control, Altman opposing absolute power, with trial looming. Abstract: Sam Altman details, on Core Memory, failed negotiations with Elon Musk over OpenAI governance, outlining moves toward a for-profit model, Musk's demands for majority stake and CEO authority, and Altman's rejection of absolute control; the litigation looming with a trial set for April 27.

The PACE Act would let qualified digital asset and fintech firms access the Fed's payment system, aiming to cut delays and costs through direct Fed access, with regulatory safeguards and consumer protections. Abstract: The U.S. House introduced the Payments Access and Consumer Efficiency (PACE) Act to allow qualified digital asset, fintech, and other service providers to connect directly to the Federal Reserve's payment system. The bipartisan bill, by Reps. Young Kim and Sam Redo, aims to cut delays and fees by enabling direct Fed access under OCC oversight, with streamlined registration, consumer protections, supervisory enforcement, and bankruptcy provisions. Industry advocates argue that direct access would foster faster, cheaper, and more competitive payment services while maintaining safeguards for innovation.

Zoom has partnered with Sam Altman's World to launch a feature detecting real participants versus AI deepfakes during video calls. This aims to combat increasing deepfake fraud, with verification options for hosts and participants.

World, a company co-founded by Sam Altman, announced new integrations with platforms like Zoom and Tinder, enhancing its World ID verification system. The upgraded protocol allows apps to use tiered identity checks, with 17.9 million users globally.

Worldcoin, Sam Altman's identity verification project, saw a significant success in Argentina, registering over 9,500 users in a day, while facing privacy concerns and regulatory scrutiny in other markets.

OpenAI CEO Sam Altman responds to the Molotov cocktail attack, admits he underestimated the societal impact of AI-related anxiety, calls for democratizing technology, and acknowledges mistakes in corporate governance, reiterating his refusal to comply with Elon Musk’s demands for control of OpenAI to ensure the company develops independently.

Gate News update: On April 7, according to The Information, Sam Altman is accelerating the process of an OpenAI IPO, while also pledging to invest $600 billion in compute infrastructure. Notably, OpenAI insiders have privately warned that by 2030, the company’s cash burn will surge sharply.