From The New York Times:

OpenAI, as founder Sam Altman faces scrutiny from the S.E.C. and federal prosecutors. The company is also facing legal challenges over copyright infringement, while regulators investigate its relationship with Microsoft. Altman is still pursuing ambitious plans, including seeking investors for new A.I. chip initiatives.

In the legal world, Donald Trump faces a mixed day with the Supreme Court agreeing to hear his immunity claim while losing a request to pause a civil fraud penalty. Congressional leaders strike a government funding deal, though Mitch McConnell announces his plans to step down. Two companies, WW International and Snowflake, see stock declines after prominent departures.

Bitcoin sees a surge in value, topping $63,000 as new investment products are approved by the S.E.C. and attract investor interest. Stock prices for companies in the crypto space rise, fueled by high demand for Bitcoin. Analysts warn of potential volatility and predict a surge in crypto prices due to upcoming halving events.

The U.S. ramps up scrutiny of Chinese electric vehicles, with President Biden calling them a national security threat. An investigation is launched to assess the impact of Chinese-made EVs on American data security. The move aims to protect U.S. carmakers and workers from the threat posed by low-cost Chinese E.V.s, particularly in Europe.

Saudi Arabia continues to expand its global business presence, striking a deal with the professional men’s tennis tour through its sovereign wealth fund. Despite increased scrutiny from lawmakers, the kingdom shows no signs of slowing its push into sports and global business partnerships.



Read more at The New York Times: OpenAI and Sam Altman Face More Scrutiny