Was FTX an empire ‘built on lies’ or a startup that ‘grew too quickly’?

The criminal trial of former cryptocurrency magnate Sam Bankman-Fried completed its second day on Wednesday. The prosecution and defense both gave opening statements, and interviewed the first two witnesses, including a customer of FTX and Bankman-Fried’s former friend and ex-Alameda and FTX employee Adam Yedidia. The prosecution painted Bankman-Fried as someone who knowingly committed fraud … Read more

How Oppenheimer constructed an atomic bomb earlier than the Nazis

In Nazi Germany in 1938, scientists achieved the exceptional: they cut up an atom. When physicists at Princeton heard the information, they grew to become a “stirred-up ant heap.” Past the excitement of the invention, different repercussions grew to become rapidly obvious: Not solely did this occasion, known as nuclear fission, create two smaller atoms, … Read more

This San Francisco girl makes greater than $10K/month by shopping for, promoting fixer-uppers — and he or she’s solely 25. Here is how she constructed her real-estate riches

This San Francisco girl makes greater than $10K/month by shopping for, promoting fixer-uppers — and he or she’s solely 25. Here is how she constructed her real-estate riches Since ending school, San Francisco native Soli Cayetano has constructed an actual property portfolio that might make most seasoned traders do a double take. Cayetano received a … Read more

AI startup Cerebras constructed a gargantuan AI pc for Abu Dhabi’s G42 with 27 million AI ‘cores’

Cerebras co-founder and CEO Andrew Feldman, right here seen standing atop packing crates for the CS-2 methods earlier than their set up on the Santa Clara, California internet hosting facility of accomplice Colovore.  Photograph: Rebecca Lewington/Cerebras Methods The fervor surrounding synthetic intelligence “is not a Silicon Valley factor, it is not even a U.S. factor, … Read more

Tiny acquires HappyFunCorp, the prolific agency that is constructed apps for Twitter, Amazon and extra, for $30M

M&A and consolidation proceed to be main themes within the tech world as firms search for their subsequent steps in a decent market. That’s a pattern impacting not simply startups and bigger tech firms, however the companies that work carefully with them. Within the newest growth, HappyFunCorp — a product engineering home that designs and builds … Read more