AU Morning Wrap | ASX 200 Rises to 0.53%; KAR Slides on Lowered Output Forecasts
The CEO of Ozy Media has been sentenced to nearly 10 years for defrauding investors.
Carlos Watson, the CEO of Ozy Media, was sentenced to nearly 10 years in prison on Monday for lying to investors in his now-defunct digital Venture to attract big-name investors and falsely claiming to have the backing of giants like Goldman Sachs. In July of this year, the 55-year-old Watson and the company were found guilty of repeatedly misreporting Ozy's revenue to secure funding. The case gained notoriety after he instructed his co-founder to impersonate a YouTube executive during a conference call with Goldman Sachs bankers. The USA prosecutors had urged the judge to sentence Watson to 17 years in prison, citing his involvement.
Competing directly with Google (GOOGL.US)! OpenAI launches ChatGPT search functionality for all users.
OpenAI is launching a search product for all users of its chatbot ChatGPT starting Monday, intensifying its competition with Alphabet's (GOOGL.US) Google.
Why Alphabet Inc. (GOOGL) Is One of The Most Held Stocks by Hedge Funds
Why the Alphabet Share Price Just Leapt Higher
Alphabet-A Options Spot-On: On December 16th, 673.2K Contracts Were Traded, With 2.99 Million Open Interest
