OpenAI denies that it’s weighing a ‘last-ditch’ California exit amid regulatory pressure over its restructuring

OpenAI executives are discussing a potential relocation out of California as increasing political resistance threatens the company’s efforts to convert from nonprofit to for-profit status, according to The WSJ, though the company says it has no plans to leave. California’s attorney general is investigating whether OpenAI’s restructuring violates state charitable trust law, while a coalition…

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Nepal reverses social media ban as protests turn deadly

Nepal has made a dramatic U-turn, reversing a social media ban imposed last week after the decision sparked nationwide “Gen Z” protests that reportedly left at least 19 people dead. The ban, which blocked access to 26 platforms including Facebook, Instagram, YouTube, and X, was imposed following an August 25 directive requiring foreign social media…

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Snap breaks into ‘startup squads’ as ad revenue stalls

Snap is breaking itself apart and rebuilding from within. In a new annual company letter, CEO Evan Spiegel just announced the company is restructuring around small “startup squads” of 10 to 15 people to better compete against larger competitors. The move comes as the 5,000-person company faces mounting pressure. Advertising revenue growth flatlined at 4%…

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