In a significant judicial decision, Caroline Ellison, former CEO of Alameda Research and key witness in the prosecution of FTX’s founder, Sam Bankman-Fried, received a two-year prison sentence. Ordered to forfeit an astonishing $11 billion for her involvement in the fraudulent schemes that culminated in the collapse of the once-prominent cryptocurrency exchange, Ellison’s punishment stands
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The landscape of artificial intelligence (AI) investment is evolving significantly, with Middle Eastern sovereign wealth funds stepping into the limelight. Nations like Saudi Arabia, the United Arab Emirates (UAE), Kuwait, and Qatar are leveraging their oil-generated wealth to invest in technology as part of broader economic diversification strategies. This shift not only represents a new
Elon Musk, a name synonymous with innovation and disruption, is embarking on a groundbreaking journey to elevate artificial intelligence (AI) through the development of advanced supercomputers. As the CEO of Tesla and the driving force behind his latest venture, xAI, Musk envisions a future where AI integration transforms traditional industries. By rebranding Tesla from merely
In recent years, the Indian education technology (ed-tech) landscape has witnessed remarkable evolution, characterized by the relentless pursuit of democratizing education. One notable player in this arena is Physics Wallah, a startup established in 2020 that has quickly made its mark. Recently, the company announced a funding round of $210 million led by Hornbill Capital,
On Thursday, Alibaba made a significant stride in the realm of artificial intelligence by unveiling over 100 open-source AI models called Qwen 2.5. This robust release seeks to enhance Alibaba’s standing in various industries, including automotive, gaming, and scientific research. The company aims to provide advanced capabilities in mathematical reasoning and coding, crucial elements for
In the realm of social media, platforms wield immense power, shaping public discourse and influencing the outcomes of democratic processes. Recently, high-profile executives from major tech companies, including Alphabet, Meta, and Microsoft, convened at Capitol Hill to address the pressing issue of election interference. However, one notable name was absent from this important gathering—Elon Musk’s
The tech world is buzzing as Apple prepares to launch its latest iteration of the Apple Watch—the Series 10. Set to hit stores this Friday, I had the opportunity to test the new model for five days, allowing me to dive deep into its features and refinements. While my initial excitement was lukewarm when Apple
In an impressive display of collective action, Amazon delivery drivers at a Queens, New York facility have successfully aligned with the International Brotherhood of Teamsters. This marks a significant turning point in the ongoing labor struggles within Amazon’s logistics network and highlights the rising momentum of unionization efforts among gig economy workers. The development came
The world of Bitcoin has always been one of highs and lows, reflecting the unpredictable nature of cryptocurrency. Recent developments over a week have brought to light the current state of Bitcoin mining — an intriguing mix of optimism and struggle that is testing the resilience of miners. As Bitcoin’s popularity continues to surge, so
In the rapidly evolving domain of artificial intelligence (AI), states are vying for technological supremacy, particularly in the wake of the pandemic which has accelerated digital transformation globally. Saudi Arabia, a nation traditionally recognized for its oil wealth, is increasingly positioning itself as an emerging leader in AI innovation. This shift aligns with its broader