On Thursday, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison after he was found guilty on seven charges of wire fraud and money-laundering. The scam he pulled was fairly simple: He and his partners created an exchange, FTX, that took customer deposits to invest in and trade cryptocurrencies. Some…
We asked an expert why having a pair of these is non-negotiable…
Since Bumble’s blockbuster IPO at the height of the pandemic, investors’ ardor with the dating service has cooled. Bumble’s shares trade at roughly $11 per share right now, a far cry from the $76 they closed at on its first day as a public company in February 2021. Of course, investors are fickle, which is…
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Byju Raveendran, the founder of embattled edtech group Byju’s, has made a last-ditch attempt to placate disgruntled investors including Prosus Ventures. He has just informed them that the board is weighing an offer of renounced shares — shares that a group of investors chose not to buy recently in protest — to prevent the dilution of…
X.ai, Elon Musk’s AI startup, has revealed its latest generative AI model, Grok-1.5. Set to power social network X’s Grok chatbot in the not-to-distant future (“in the coming days,” X.ai writes in a blog post), Grok-1.5 appears to be a measurable upgrade over its predecessor, Grok-1 — at least judging by the benchmark results and…
US may soon unveil list of Chinese chip factories barred from receiving tech
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FRANKFORT, Ky. (AP) — Kentucky lawmakers gave final approval Thursday to a bill stripping the state’s Democratic governor of any role in picking someone to occupy a U.S. Senate seat if a vacancy occurred in the home state of 82-year-old Senate Republican leader Mitch McConnell.The legislation calls for a special election to fill any Senate…
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