FTX founder Sam Bankman-Fried sentencing

FTX founder Sam Bankman-Fried faces sentencing Thursday in New York federal court for a massive fraud conspiracy that led to the collapse of his cryptocurrency exchange and a related hedge fund. Federal prosecutors want Bankman-Fried sentenced to between 40 to 50 years in prison. His defense team asked Manhattan federal court Judge Lewis Kaplan to … Read more

Embracer is selling Borderlands developer Gearbox to Take-Two

Swedish gaming conglomerate Embracer Group has entered an agreement to sell Gearbox Interactive to Rockstar parent company Take-Two for $460 million. In a press release published on Thursday, Embracer announced that Take-Two will acquire full ownership over the Borderlands (including Tiny Tina’s Wonderlands), Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem franchises in … Read more

Best podcasts of the week: Guantánamo gets the Serial treatment | Podcasts

Picks of the week SerialWidely available, episodes weeklyThe OG of podcasting returns for an excellent fourth season, with Sarah Koenig and Dana Chivvis’s history of Guantánamo. It’s a story they have been wanting to tell for years, but until now haven’t been able to get too far beyond the official line. Today, staff and detainees … Read more

FTX crypto exchange founder Sam Bankman-Fried awaits sentencing

(NewsNation) — Sam Bankman-Fried, the 32-year-old founder and former CEO of cryptocurrency exchange FTX, is scheduled for sentencing Thursday on fraud charges stemming from federal investigations and reports of misused customer funds. He faces a possible hefty sentence, which his attorney has called “grotesque” and “barbaric,” arguing to confine Bankman-Fried’s potential prison term to single … Read more

Sam Bankman-Fried FTX fraud victim says life was destroyed

NEW YORK, US – JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023.  Fatih Aktas | Anadolu Agency | Getty Images In a letter to the Department of Justice, an FTX customer who lost $4 million when the exchange filed for bankruptcy in 2022 expressed disgust at a circulating narrative … Read more

VP Harris says US agencies must show their AI tools aren't harming people's safety or rights

U.S. federal agencies must show that their artificial intelligence tools aren’t harming the public, or stop using them, under new rules unveiled by the White House on Thursday. “When government agencies use AI tools, we will now require them to verify that those tools do not endanger the rights and safety of the American people,” … Read more