Speaking in his own defense at his criminal trial, the FTX founder denied he had committed fraud but acknowledged missteps that hurt the cryptocurrency exchange’s customers.
Category: Start-ups
FTX Founder Sam Bankman-Fried’s Criminal Trial Opens
Prosecutors said the FTX founder had lied to customers. Defense lawyers said he had just been trying to prevent his cryptocurrency exchange from melting down.
Ukraine’s War of Drones Runs Into an Obstacle: China
As the war with Russia stretches on, so too does a contest to make more and deadlier flying machines. That means a fight over global electronics supply chains that run through China.
The Stock Market Hopes Arm’s IPO Is a Hit
Arm, the British chip designer owned by SoftBank, will provide clues as to whether the I.P.O. market may revive after a very quiet year.
Crypto’s Next Craze? Orbs That Scan Your Eyeballs.
Sam Altman, OpenAI’s chief executive, has started Worldcoin, a cryptocurrency project that aims to scan billions of human irises.
An A.I. Supercomputer Whirs to Life, Powered by Giant Computer Chips
The new supercomputer, made by the Silicon Valley start-up Cerebras, was unveiled as the A.I. boom drives demand for chips and computing power.
F.T.C. Is Investigating ChatGPT Maker
The agency sent OpenAI, which makes ChatGPT, a letter this week over the chatbot’s potential harms and the company’s security practices.
To Build A.I. Technology, Start-Ups Turn to Bigger Rivals for Help
Creating a new A.I. system requires lots of money and lots of computing power, which is controlled by the industry’s giants.
Reddit’s Chief Says He Wants It to ‘Grow Up.’ Will Its Community Let It?
As the social media site matures, its users and moderators have made their displeasure about corporate changes known, putting the company into a bind.
The People Onscreen Are Fake. The Disinformation Is Real.
For the first time, A.I.-generated personas, often used for corporate trainings, were detected in a state-aligned information campaign — opening a new chapter in online manipulation.