By Emir Abyazov The Midas Project has accused OpenAI of violating tax laws and has filed a formal complaint with the U.S. Internal Revenue Service (IRS). The artificial intelligence watchdog organization alleges that the dual role of company head Sam Altman creates a conflict of interest that could threaten the nonprofit status of the firm […]
Tag: IRS
By Aaron Watts Key highlights: Blockchain Builders Fund closes $28M Fund I, backing 40 early-stage crypto ventures across AI, DeFi, and infrastructure. The fund is led by Stanford grads and integrates with university programs like MS&E 447 and the Blockchain Accelerator. Expansion plans include partnerships with IC3-Cornell and collaborations with Ethereum Foundation, Solana, and Coinbase’s […]
By coinspy A widening gap between U.S. tax policy and digital-asset innovation has triggered urgent calls for change on Capitol Hill. Senators Cynthia Lummis and Bernie Moreno say the 15 % Corporate Alternative Minimum Tax (CAMT) could saddle crypto companies with bills on paper-only gains. CAMT applies to firms posting average adjusted financial-statement income (AFSI) […]