OpenAI’s board is no match for investors’ wrath

On Friday, the board of OpenAI, the AI startup behind ChatGPT and other viral AI-powered hits, did something unexpected but seemingly well within its right: removed the company’s CEO, Sam Altman. But judging by how the situation’s unfolded, it seems that OpenAI’s investors and partners — and many of its employees — were more comfortable…

Inside Brex and Ramp’s AI ambitions

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! This week, we dig into spend management companies’ AI aspirations, and one U.K. fintech’s recent growth. AI ambitions At one…

8Base Group Deploying New Phobos Ransomware Variant via SmokeLoader

The threat actors behind the 8Base ransomware are leveraging a variant of the Phobos ransomware to conduct their financially motivated attacks. The findings come from Cisco Talos, which has recorded an increase in activity carried out by cybercriminals. “Most of the group’s Phobos variants are distributed by SmokeLoader, a backdoor trojan,” security researcher Guilherme Venere…

Huawei boosts European presence with Paris Innovation Center

Huawei hosted Innovation Day 2023 in Paris, focusing on ‘SME Innovation: Unlocking Europe’s Economic Future.’ The event united innovators from Europe and beyond to explore collaborative strategies for the growth of small and medium-sized enterprises (SMEs). At the heart of the occasion, Huawei revealed the inauguration of its Paris Innovation Center, a pivotal platform for…