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Reuters
37 minutes ago
- Reuters
OpenAI executives have discussed accusing Microsoft of anticompetitive behavior, WSJ reports
June 16 (Reuters) - Executives at OpenAI have discussed accusing the company's major backer, Microsoft (MSFT.O), opens new tab, of anticompetitive behavior during their partnership, the Wall Street Journal reported on Monday, citing people familiar with the matter. OpenAI's effort could involve seeking a federal regulatory review of the terms of its contract with Microsoft for potential violations of antitrust law, as well as a public campaign, the report said. Spokespersons for OpenAI and Microsoft did not immediately respond to Reuters requests for comment.


BBC News
43 minutes ago
- BBC News
Trump Organization enters mobile phone business
Donald Trump's family business is launching a new Trump-branded phone service, in its latest plan to cash in on the US president's name. The Trump Organization, which is run by his sons, said it planned to sell a gold-coloured, made-in-America smart phone for $499, along with mobile phone service for a monthly fee of $47.45 - a reference to their father serving as the country's 47th and 45th president. The announcement was light on details, including the name of the business partner that will run the service and is licensing the name. Ethics watchdogs said the latest venture represented another means for potential corruption and conflicts of interest. "It's unbelievable that the Trump family has created yet another way for President Trump to personally profit while in office," said Meghan Faulkner, communications director for Citizens for Responsibility and Ethics in Washington (CREW).Trump has said he has put his business interests in a trust, which is managed by his children. The White House has maintained he acts on the interests of all Americans. But Ms Faulkner said the latest venture raised familiar issues, including whether the new business will win customers from people hoping to influence Trump and how the president will craft policies and regulation for an industry in which his family now has a Trump Organization did not respond to questions about its business partner and criticisms about potential ethics announcing its plans, it said "hard-working Americans deserve a wireless service that's affordable, reflects their values, and delivers reliable quality they can count on".It pitched a policy of "discounted" international calls to families with members serving outside the US in the military. The announcement said the mobile service would have customer support staff based in the US to answer questions, as well as the gold-coloured phone, which is currently available for pre-order. Trump's net worth has more than doubled The deal is an extension of a business strategy that Trump embraced long before his presidency, striking deals to sell his name to hoteliers and golf course operators in exchange for fees and the opportunities to profit from his brand have expanded since he entered politics a decade his most recent financial disclosure, Trump reported making more than $600m last year, including millions from of items such as Trump-branded bibles, watches sneakers and fragrances. Forbes in March estimated his net worth was $5.1bn, more than double than a year earlier. It said the surge was due in part to the president's "diehard following", which is credited with helping to prop up the value of Trump's social media company that runs the Truth Social platform, which accounted for roughly half his wealth last year. The mobile phone market in the US is currently dominated by three major players: AT&T, Verizon and T-Mobile, which all offer phone service starting at less than $40 a month. There are also a growing number of smaller firms paying to use those networks to target niche groups of potential customers, by offering lower prices or tailored plans. The largest of those companies, which are known as mobile virtual network providers, have less than 10 million subscribers, according to a 2024 report by the Federal Communications Commission. Mint Mobile, which was backed by Ryan Reynolds, was sold to T-Mobile for $1.35bn in 2023. At the time, one analyst estimated the service had roughly two million to three million subscribers. The actor had a 25% stake in the business, giving him a potential pay out of about $300m.


The Independent
an hour ago
- The Independent
Elon Musk left the fate of your Social Security payments in the hands of a 21-year-old DOGE tech bro
The wealthiest man on earth was so distrustful of the nonpartisan experts at the Social Security Administration that he and his allies insisted on giving a 21-year-old former Silicon Valley intern sweeping access to personal data on hundreds of millions of Americans, living and dead, in hopes of proving his outlandish claims about fraudulent payments passing though the agency. Elon Musk and his Department of Government Efficiency team made no attempt to understand data the tech billionaire was citing when he began claiming that 'massive fraud' was allowing Social Security payments to flow to 'illegals' in a series of X posts in early February, despite warnings from Social Security officials who told them they did not know what they were talking about, the The New York Times reported. Instead, he ordered 21-year-old Akash Bobba, a former Palantir intern who'd been hired as a programmer for DOGE, be granted access to Social Security data without proper training so he could run his own analysis, the Times reported When the acting commissioner, Michelle King, declined to do so, Musk had her fired and replaced with Leland Dudek. Dudek, brought back from a suspension on the DOGE team's recommendation, got Bobba the access. But according to the Times, Bobba knew the Musk fraud claims were bunk. He reportedly told others at the agency that he'd 'tried to deliverthe accurate context' to the world's richest person, apparently without success. Citing interviews with dozens of people in the agency and throughout the Trump administration, the Times said Musk 'became fixated' on Social Security after he and his team misread government spending data and began to believe, incorrectly, that they'd uncovered fraud at the nation's old-age and disability pension program. Musk's team reportedly became so obsessed and driven to prove the false claims as true that they pushed SSA officials to disregard a court order cutting off DOGE's access to sensitive data including Americans' Social Security numbers, employment history and other sensitive matters, even as the SpaceX and Tesla CEO became a target for administration critics after he referred to the massively popular New Deal program as a 'Ponzi scheme.' One Musk ally, Michael Russo, was installed as the SSA's chief information officer. He pushed the then-acting commissioner to have agency workers analyze the data the Tesla billionaire and his team were claiming to be evidence of fraudulent payments. When the Social Security experts said the payments in question were valid, Russo ignored them and said Musk's team wouldn't accept the conclusions of civil servants. Musk departed government service earlier this month amid a falling-out with Trump, but his outsized wealth and ownership of the X platform mean he could create chaos surrounding the GOP's agenda and its plans for the 2026 midterms. According to the most recent poll by The Economist and YouGov, a full 76 percent of Republicans see Musk favorably while just 18 percent view him unfavorably. According to a poll conducted by The New York Times and Siena College in late April, 77 percent of Republicans view Musk favorably. The billionaire is more popular than House Speaker Mike Johnson, Senate Majority Leader John Thune, or almost anyone else in the GOP save for President Donald Trump and Vice President JD Vance. But at the same time, just fifteen percent of Democrats and 34 percent of independents have favorable views of the tech mogul. A week after he blew up his relationship with Trump by, among other things, accusing him of being a pedophile, Musk took to X to express regret over his war of words with the president and back down by conceding that 'some' of his posts attacking the commander-in-chief had been excessive. 'I regret some of my posts about President Donald Trump last week. They went too far,' he said, just days after Trump said 'very disappointed' in his former special adviser and campaign donor for criticizing the 'Big, Beautiful Bill' he is attempting to push through the Senate.