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Musk hints at suing Microsoft, US Rep. wants Gensler fired, and more: Hodler’s Digest, April 16-22

Published 04/22/2023, 05:05 PM
Updated 04/22/2023, 05:20 PM
Musk hints at suing Microsoft, US Rep. wants Gensler fired, and more: Hodler’s Digest, April 16-22

Elon Musk threatens Microsoft (NASDAQ:MSFT) with lawsuit, claims AI trained on Twitter data

Microsoft has been threatened with a lawsuit from Twitter CEO Elon Musk, who claimed the Big Tech firm illegally trained its artificial intelligence on Twitter data. The entrepreneur suggested that Microsoft mined user tweets to train its AI-powered applications. Musk tweeted that it was lawsuit time after reports that Microsoft would cease supporting Twitter across its online social advertising tools. Musk and Microsoft are believed to be at odds over artificial intelligence. The tech billionaire is developing a ChatGPT rival known as TruthGPT. Microsoft owns a 49% stake in OpenAI, the company behind ChatGPT.

Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach

U.S. Representative Warren Davidson announced plans to introduce legislation to fire Securities and Exchange Commission Chair Gary Gensler. According to the lawmaker, the upcoming bill is meant to “correct a long series of abuses.” Davidson disclosed the plan after the SEC’s latest attempt to revisit the definition of “exchange.” The week wasn’t the best for Gensler. During an oversight hearing, Gensler was heavily criticized for his approach on crypto assets.

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