
The new card lets users spend USDC balances through online, in-store and contactless transactions while accessing ATM withdrawals in supported regions.


The new card lets users spend USDC balances through online, in-store and contactless transactions while accessing ATM withdrawals in supported regions.

Law firm Gerstein Harrow LLP is attempting to claim frozen cryptocurrency funds for claimants of unrelated judgments stretching back decades.
In the final week of the Musk v. Altman trial, lawyers traded blows over Elon Musk’s and OpenAI CEO Sam Altman’s credibility. Altman was grilled on his alleged history of lying and self-dealing involving companies that do business with OpenAI. But he fired back, painting Musk as a power-seeker who wanted to control the development of artificial general intelligence (AGI)—powerful AI that can compete with humans on most cognitive tasks.
As evidence of their commitment to AI safety, OpenAI brought out a golden trophy of a donkey’s ass that was gifted to an employee after he was called a “jackass” for standing up to Musk’s plans to race toward AGI.
Lawyers for both sides also presented their closing arguments, floating unflattering mugshot-style photos of Musk and Altman next to each other on a giant screen. Musk’s lawyer Steven Molo argued that Altman and OpenAI president Greg Brockman broke their promise to use money Musk donated to maintain OpenAI as a nonprofit that develops AI for the benefit of humanity. Instead, they created a for-profit subsidiary that made them extraordinarily wealthy.
OpenAI’s lawyer Sarah Eddy argued that Altman and Brockman never promised to keep OpenAI a nonprofit. She added that even though it’s been restructured, OpenAI remains a nonprofit dedicated to developing AI safely.
She claimed that Musk sued too late—and that his real motive is to sabotage a competitor to his own AI company, xAI, which he launched in 2023.
Musk is asking the court to unwind the 2025 restructuring that converted OpenAI’s for-profit subsidiary into a public benefit corporation and to remove Altman and Brockman from their roles. He is also seeking as much as $134 billion in damages from OpenAI and Microsoft, to be awarded to OpenAI’s nonprofit.
The jury will begin deliberating on Monday and deliver an advisory verdict as soon as next week. The jury verdict is not binding on the judge, who will decide the case.
If the judge rules in Musk’s favor, it could upend OpenAI’s race toward an IPO at a valuation approaching $1 trillion. Meanwhile, xAI is expected to go public as a part of Musk’s rocket company SpaceX as early as June, at a target valuation of $1.75 trillion.
In the first week of the trial, Musk said he was suing to save OpenAI’s mission to build AI safely for the benefit of humanity. This week, Altman denied Musk was a paladin of AI safety and painted him as a power-seeker who wanted to control OpenAI.
Altman told the jury that in 2017, when Musk and other cofounders were discussing creating a for-profit arm, they asked Musk what would happen to his control over such an entity if he died. “Maybe the control of OpenAI should pass to my children,” Musk said, according to Altman.
Musk’s lawyer shot back, grilling Altman on his alleged history of lying. He pointed out that OpenAI’s former executives Ilya Sutskever and Mira Murati, and former board members Helen Toner and Tasha McCauley, all testified that Altman had lied to them. In 2023, Altman was briefly fired as CEO over the alleged behavior.
Molo also pressed Altman about his personal investments in startups that do business with OpenAI. Altman testified that he tried to steer OpenAI to buying power from the nuclear energy company Helion Energy, a third of which he owns.
(Last Friday, the US House oversight committee launched an investigation into Altman’s potential conflicts of interest. Attorneys general from more than a half-dozen states called for the Securities and Exchange Commission to review them.)
During his closing statement, Molo put Altman’s credibility on the stand again. “Imagine that you’re on a hike, and you come upon one of those wooden bridges that you see on a trail, and it’s over a gorge,” he said. “A woman standing by the entry to the bridge says, ‘Don’t worry—the bridge is built on Sam Altman’s version of the truth.’ Would you walk across that bridge?”
Altman, who sat behind his lawyers, looked up uneasily every time his name was mentioned.
During her closing argument, Eddy fired back. Musk “never cared about the nonprofit structure,” she said. “What he cared about was winning.”
Musk, though, was absent. Despite the judge’s order that he remain available, he flew to China with President Trump.
During her closing argument, Eddy argued that no testimony or evidence showed any conditions on Musk’s donations, or any promises made by Altman and Brockman to keep the company a nonprofit. “No commitments or promises were made. No restrictions were placed on Mr. Musk’s donations,” she said.
Eddy added that it was evident Musk wasn’t truly committed to keeping OpenAI a nonprofit. She noted that in 2017, he tried to create a for-profit subsidiary and fought a bitter battle with Altman and Brockman to have control over it.
“I was not opposed to there being a small for-profit that provides funding to the nonprofit,” Musk told the jury earlier in the trial, “as long as the tail didn’t wag the dog.”
Eddy then argued that Musk sued too late, filing in 2024 after the statutes of limitations on his claims ran out. In 2019, OpenAI created a for-profit subsidiary, under which employees and investors received a capped return on their investment.
But Musk testified that he discovered OpenAI had abandoned its nonprofit mission only in 2022, when Microsoft was preparing to invest $10 billion in OpenAI—a deal that closed in 2023. “I was disturbed to see OpenAI with a $20B valuation,” he texted Altman after reading the news. “This is a bait and switch.”
Musk told the jury that the $20 billion valuation made him realize “the for-profit is the tail wagging the dog.”
“The 2023 deal was different,” Molo hammered home during his closing argument.
A central question raised in the last week of trial was whether OpenAI remains a nonprofit committed to developing AGI safely for the benefit of humanity. Eddy, the OpenAI lawyer, argued that the nonprofit still controls the for-profit and seeks to “help AGI turn out well for humanity.” “The OpenAI nonprofit is the best-resourced nonprofit in the world,” thanks to the for-profit, she added.
Molo countered that while the OpenAI’s nonprofit nominally controls the company, it does not do so in practice. OpenAI’s nonprofit and for-profit are controlled by the same people—seven of the nonprofit’s eight board members are on the for-profit’s board. The nonprofit hired employees only a month before the trial started and does work only in grant-making rather than AI research.
Molo played a video interview of Altman saying that the nonprofit board’s failure to fire him in 2023 was “its own kind of governance failure.”
“We’re left with this nonprofit that doesn’t have any voice,” Jill Horwitz, a law professor at Northwestern University who studies nonprofits, told MIT Technology Review. “It doesn’t have much money, and OpenAI doesn’t think it has any obligation to fund it. It barely has a staff,” she says. “It’s unclear how on earth the nonprofit is supposed to exercise its duties and control the entire company.”
Civil society groups and policymakers have spoken out against OpenAI’s restructuring over the years. So has Musk, although his own stake in the AI race makes him a dubious champion for the public interest.
“The public interest in the nonprofit loses, no matter who wins or loses this trial,” says Horwitz.
Despite US District Judge Yvonne Gonzalez Rogers’s warning during the first week that this trial was not about AI safety, the issue stole the show again. Throughout the trial, the lawyers from both sides traded barbs over the safety track records of ChatGPT (which has allegedly caused teen suicides) and Grok (which has flooded X with porn).
On the last day of testimony, OpenAI’s lawyer Bradley Wilson handed the judge a small golden trophy of a donkey’s ass, inscribed: “Never stop being a jackass for safety.”
The trophy belonged to Joshua Achiam, OpenAI’s chief futurist. He testified that he’d warned, when Musk announced in 2018 that he was leaving OpenAI to race toward building AGI, that speed could compromise safety. Musk snapped and called him a “jackass,” said Achiam. His colleagues, including Dario Amodei, now CEO of Anthropic, gave him the trophy to enshrine the diss.
“I don’t want it,” said the judge.
The shenanigans spilled out into the street too. In front of the Oakland courthouse, a protester paraded around wearing a costume of Musk holding a bag of ketamine and driving a Cybertruck. Another held a photo of Sam Altman and a poster reading, “Stop AGI or we’re all gonna die.”
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology.
China’s short drama industry is fueled by bite-sized, melodramatic, and smutty shows built for smartphone scrolling. Now, many are being made entirely with AI: no actors, camera operators, cinematographers, or CGI specialists required.
An average of 470 AI-generated short dramas were released every day in January. Production timelines have shrunk from months to weeks, while costs have dropped by up to 90%. Storytelling is also increasingly driven by performance data.
The format is rapidly expanding overseas while reshaping the work of writers and production crews. Read the full story on AI’s dramatic impact on China’s short drama industry.
—Caiwei Chen
The World Health Organization’s latest global statistics report reads less like a progress update than a warning sign. Progress on some of the world’s biggest health threats is stalling, and in some cases reversing altogether.
There were 1.3 million new HIV cases in 2024, malaria is resurging, vaccination rates are slipping in the Americas, and 42.8 million children are suffering from severe malnutrition. The world is now far off track from meeting many of the UN’s major health goals by 2030.
Here’s what the numbers reveal about the state of global health.
—Jessica Hamzelou
This story is from The Checkup, our weekly newsletter giving you the inside track on all things biotech. Sign up to receive it in your inbox every Thursday.
The must-reads
I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.
1 As their trial goes to the jury, Musk and Altman face lying accusations
Lawyers hammered the rivals’ credibility in their closing arguments. (WSJ $)
+ Musk was accused of “selective amnesia.” (Reuters $)
+ The pair are in court over OpenAI’s future. (MIT Technology Review)
+ And their trial has made everyone look bad. (Wired $)
2 AI data centers are straining America’s power grid
Nevada is redirecting electricity from Lake Tahoe to AI. (Ars Technica)
+ Utah is getting a giant data center despite water shortage fears. (Guardian)
+ No one wants a data center in their backyard. (MIT Technology Review)
3 OpenAI is mulling legal action against Apple over its ChatGPT integration
It hasn’t got the expected benefits from its deal with Apple. (Bloomberg $)
+ OpenAI is frustrated by the promotion of the ChatGPT integration. (NYT $)
4 Anthropic has agreed terms for a $30 billion funding deal
At a $900 billion valuation, which leapfrogs OpenAI’s. (The Information $)
+ Dragoneer, Greenoaks, Sequoia, and Altimeter are leading the round. (FT $)
6 Washington and Beijing will hold formal talks on AI safety
They’ll discuss guardrails on AI. (CNBC)
+ And a protocol to stop nonstate actors getting powerful models. (NYT $)
5 Alphabet and Amazon are using “unprecedented” borrowing to fund AI
They’re tapping the foreign debt market at new levels. (FT $)
+ People can’t agree on what the AI bubble is. (MIT Technology Review)
7 Big Tech has turned to Sesame Street to deflect scrutiny of screen use
Sparking accusations of encouraging children’s tech dependence. (Reuters $)
8 Anthropic’s feud with the White House threatens other businesses
Figma and Tenable say it will harm their ability to sell software. (Bloomberg $)
9 Autonomous agents staged a digital crime spree during a safety test
The “AI Bonnie and Clyde” then deleted themselves. (Guardian)
10 A poop app analysis app offered to sell photos of users’ stools
The images were used for AI training. (404 Media)
Quote of the day
—Danielle Hughes, North Lake Tahoe resident and CEO of Tahoe Spark, tells Fortune that residents are being sidelined as their energy supplier prioritizes data centers.
One More Thing
Just before Christmas, a pastor preached a gospel of morals over money to several hundred members of his flock. But the preacher wasn’t religious, and his congregation wasn’t a church. It was All Tech Is Human, a nonprofit devoted to ethics and responsibility in tech.
Founded in 2018, the organization has built a fast-expanding community for people who believe technology should focus less on profits and more on the public interest. It’s also drawing people searching for meaning and connection in a digital world.
Find out why thousands of people are turning to tech ethics communities for guidance and connection.
—Greg M. Epstein
We can still have nice things
A place for comfort, fun, and distraction to brighten up your day. (Got any ideas? Drop me a line.)
+ Go behind the scenes of the new Lucas Museum of Narrative Art.
+ Marvel at this robot folding and launching paper planes as quickly as possible.
+ Watch the moving moments rescued animals reunite with the humans who saved them.
+ Peer into the heart of a barred spiral galaxy in this stunning new capture from the James Webb Space Telescope.
Every year the World Health Organization publishes a global health statistics report. It features the numbers behind world health trends and, importantly, assesses whether we’re on track to reach ambitious goals set in 2015. It’s a bit like a health grade.
The 2026 report was published on Wednesday. And the results aren’t looking brilliant. While we are seeing some improvements, they are uneven, and they’re far too slow.
The targets themselves are part of the United Nations’ Sustainable Development Goals, a sprawling and ambitious plan focused on improving life around the world. The 17 goals were set to tackle poverty and climate change and to boost education, gender equality, health, and well-being, among many other quality of life issues. Those targets were meant to be met by 2030.
Perhaps they were a little too ambitious. Here are the numbers and statistics that stood out to me on this year’s world health report card.
1.3 million new cases of HIV in 2024
Before the SDGs, there were the Millennium Development Goals. One MDG target was to halt and reverse the spread of HIV—and that target was exceeded by 2015. Back then, we were considered on track to “end the AIDS epidemic by 2030.”
How depressing, then, to see that in 2024 there were an estimated 1.3 million new cases of HIV. That’s 40% lower than the figure from 2010. But it’s still 1.3 million additional people with HIV. The SDG target is to reduce HIV incidence by 90% by 2030—we’re not likely to meet it.
10.7 million new cases of TB
The picture is even bleaker for tuberculosis, which ranks 10th on the WHO’s list of top global causes of death. The goal was to reduce cases by 80% between 2015 and 2030. So far, cases have only fallen by a measly 12%. And when you break the change down by region, the Americas saw an increase of 13%
An 8.5% rise in malaria cases
And then there’s malaria, the mosquito-borne disease with a 7% fatality rate. The European region has been free of malaria since 2015, but the disease is a significant concern in many countries in the Global South, particularly in Africa. The goal was to lower rates by 90% between 2015 and 2030. In 2024, there were an estimated 282 million cases of malaria globally—representing an 8.5% increase in incidence rates.
Antimalarial drug resistance is a major challenge here—forms of the malaria virus that are resistant to drugs have been confirmed or suspected in eight countries in Africa, according to a separate WHO report. Mosquitoes that are resistant to commonly used insecticides are present in nine African countries. And climate change, which can alter mosquito habitats, may be making things worse.
42.8 million children are wasting
We’re not meeting child health targets, either. Take malnutrition, for example. As of 2024, the global prevalence of wasting in children was 6.6%—that’s a staggering 42.8 million children who are literally wasting away because of a lack of adequate food. On the other end of the spectrum, 5.5% of children are now considered overweight. Both figures were meant to be below 5% by 2030, which now seems unlikely.
Vaccination rates are dropping in the Americas
Progress in improving childhood vaccination coverage has stalled. Globally, an estimated 76% of children are getting their second dose of a measles vaccine—a figure far below the the approximately 95% needed to prevent outbreaks. The Americas currently has lower rates of vaccine coverage for three of the four “core” vaccines than it did in 2015.
This is partly due to a lack of investment, says Goodarz Danaei, an epidemiologist at the Harvard T.H. Chan School of Public Health. “But now we have a misinformation campaign going around vaccines that makes it worse,” he adds.
The covid-19 pandemic didn’t exactly help, either. The impact on health services led to millions of children missing out on routine vaccinations.
22.1 million pandemic-related deaths
And of course the pandemic affected progress toward health goals in more direct ways: 7 million people died of covid-19. The WHO report estimates that, for each of these, there were an additional two “excess” deaths related to the pandemic, due to disruptions in health care, for example. That puts the total figure at 22.1 million pandemic-related deaths.
A woman dies every two minutes from “maternal causes”
Maternal mortality rates fell by about 40% between 2020 and 2023. But today’s rate equates to 712 maternal deaths every single day. That’s one every two minutes. The WHO report notes that we’d have to reduce the mortality rate by almost 15% per year in order to meet the 2030 target. This seems incredibly unlikely, particularly given the recent decimation of US funding for global aid programs, which is expected to result in thousands of additional maternal deaths.
Progress has also slowed in reducing the risk of death from noninfectious diseases like cancer, diabetes and cardiovascular disease. “Overall, neither the world nor any WHO region is currently on track to meet the 2030 SDG target,” the report states.
2.1 billion people struggle to afford health care
Despite plans to make health care more affordable, a significant chunk of the population is being pushed into poverty by health-care costs. In 2022, 2.1 billion people faced financial hardship due to health spending—and 1.6 billion of them were living in or had been pushed into poverty.
Across the board, there have been some important improvements in global health. But the achievements have not gone far enough. “The good news is that there is progress,” says Danaei. “But as always, the glass is half empty.”
This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.