Ryan Salame, former co-chief executive of FTX Digital Markets, is back in court as Judge Lewis Kaplan seeks answers about the back-room dealings that led to Salame's 7.5-year prison sentence. Salame's lawyers are asking Kaplan to void the defendant's 2023 guilty plea to campaign finance and money-transmitting crimes, citing alleged breaches by the Manhattan U.S. Attorney's Office. The case is related to Sam Bankman-Fried's failed cryptocurrency exchange, FTX.
FinanceFTX | Rating: 51 | 2024-09-12 11:20:50 AM |
Dutch digital bank Bunq plans to grow its global headcount by 70% this year to over 700 employees, expanding into new regions including the UK and the US. The bank aims to tap into the UK's large and underserved market of 2.8 million digital nomads. Bunq will take on fintechs like Monzo, Revolut, and Chime in these regions.
FinanceBunq | Rating: 51 | 2024-09-12 06:10:32 AM |
China's tech giants, including Alibaba and Tencent, have launched their own AI models over the past 18 months to challenge the US in artificial intelligence. The country's ambitions to become a world leader in AI add to the technology battle with the US. Generative AI applications, such as OpenAI's ChatGPT, can generate text, images, and video based on user prompts.
AIAlibaba | Rating: 57 | 2024-09-12 12:40:44 AM |
California Attorney General Rob Bonta warned tech companies, including Alphabet, Meta, Microsoft, OpenAI, Reddit, TikTok, X, and YouTube, to protect voters from deception, intimidation, and dissuasion ahead of the November election. The letter highlighted California law prohibiting interference with voting rights by misleading people about voting place and time and using intimidation.
PoliticsMeta | Rating: 48 | 2024-09-12 12:10:21 AM |
Oracle's stock has emerged as a Wall Street darling, gaining 11% after a better-than-expected earnings report. The company's cloud businesses have driven its success, with double-digit gains following each of its three quarterly reports this year. Oracle's co-founder, chairman, and chief technology officer, Larry Ellison, turned 80 last month. The company's stock closed at a record $157.10.
BusinessOracle | Rating: 53 | 2024-09-11 08:30:30 PM |
Bitcoin is expected to thrive in the long term, regardless of the outcome of the US presidential election in November. Steven Lubka, head of private clients and family offices at Swan Bitcoin, believes that the cryptocurrency will reach six figures by 2025. Lubka attributes this to bitcoin's roots in fiscal and monetary profiles of countries, sovereigns, and the United States, which are unaffected by the election outcome.
FinanceBitcoin | Rating: 52 | 2024-09-11 07:30:25 PM |
Caroline Ellison, former CEO of Alameda Research LLC, is seeking a non-prison sentence for her role in the implosion of FTX and Alameda Research. Her lawyers recommend time served and supervised release due to her swift return to the US and cooperation with the US Attorney's Office and financial regulators. The case is being heard by Judge Lewis Kaplan.
FinanceFTX | Rating: 53 | 2024-09-11 05:30:38 PM |
The American Red Cross declared an emergency blood shortage after its national supply fell by more than 25% in July. Safi Biotherapeutics, a government-backed startup, is working to manufacture inexpensive red blood cells at scale using stem cells. The American Red Cross collects and distributes about 40% of the U.S.' blood supply.
AISafi | Rating: 62 | 2024-09-11 04:10:50 PM |
Amazon is opening its Fresh supermarkets after a yearlong delay. The first store in Bensalem, Pennsylvania, opened in August, with shoppers lining up outside and receiving free samples of cold brew coffee. The store has been vacant since 2022, with Amazon's familiar smile logo plastered on a sign. The event was hyped up by a person in a banana costume.
BusinessAmazon | Rating: 53 | 2024-09-11 12:20:23 PM |
Amazon's computing unit AWS plans to invest £8 billion over the next five years to build and operate data centers in the UK. The investment aims to boost its cloud computing efforts in the country. AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country.
AIAWS | Rating: 62 | 2024-09-10 11:20:34 PM |