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Trumps says economy is in ‘transition period, downplays recession concerns

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Ex-OpenAI staffers file amicus brief opposing the company’s for-profit transition

A group of ex-OpenAI employees on Friday filed a proposed amicus brief in support of Elon Musk in his lawsuit against OpenAI, opposing OpenAI’s planned conversion from a nonprofit to a for-profit corporation. The brief, filed by Harvard law professor and Creative Commons founder Lawrence Lessig, names 12 former OpenAI employees: Steven Adler, Rosemary Campbell, … Read more

Coinbase supporting Celo’s transition to Ethereum Layer-2

Coinbase has announced its support for Celo’s migration from a standalone Layer-1 blockchain to an Ethereum Layer-2 network.  The transition is set to begin on March 25 with Coinbase temporarily suspending deposits and withdrawals of Celo’s native token, CGLD, during the upgrade. ​ Celo’s move to Layer-2 aims to leverage Ethereum’s (ETH) robust security and … Read more

Telcos race to transition from ‘dumb pipes’ to AI-enabled tech players

Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks. Manaure Quintero | Afp | Getty Images BARCELONA — Global telecommunications firms are talking up advances in key technologies like artificial intelligence as they look to transition away from being perceived as … Read more

Judge rejects Musk’s attempt to block OpenAI’s for-profit transition

A federal judge in Northern California denied Elon Musk’s motion for an injunction that would have halted OpenAI’s planned transition into a for-profit company, Bloomberg reported. Musk failed to provide enough evidence necessary for an injunction, U.S. District Court Judge Yvonne Gonzalez Rogers ruled Tuesday. However, Rogers said the court is prepared to hold an … Read more

Texas lawmaker proposes bill to ban gender transition treatment for everyone, including adults

A Texas state lawmaker introduced legislation that would amend the state’s ban on gender transition procedures or treatment for minors to also apply to adults in the Lone Star State. H.B. 3399 filed by Rep. Brent Money, a Republican, would change the language in the current law banning gender-transitioning procedures or treatment for children by … Read more

BMW bets on petrol cars as it warns of US ‘rollercoaster’ EV transition

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BMW has pledged to continue investing in combustion engine and hybrid technology as it warned of a “rollercoaster ride” in the US transition to electric vehicles following the return of Donald Trump as president. Board … Read more

Norway set to be the first to fully transition to electric vehicles

Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Norway is set to become the first country in the world to effectively erase gasoline and diesel … Read more

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