Saturday, March 16, 2024

Sam Bankman-Fried deserves 40-50 years in prison for FTX fraud, prosecutors say

Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange, prosecutors said on Friday.

from Tech-Economic Times https://ift.tt/hNzofTR

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...