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☆ Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Bankman-Fried's fate will be announced in Manhattan on Thursday morning by Judge Lewis Kaplan, who presided over the monthlong trial in November. Bankman-Fried was found guilty of seven charges tied to the collapse of crypto exchange FTX and the roughly $10 billion of customer deposits that went missing. Lawyers representing the bankruptcy estate of FTX told a judge in Delaware last month that they expect to fully repay customers and creditors with legitimate claims. Bankman-Fried's defense team has asked the court for a sentence in the range of 63 to 78 months. Beyond the fact that he's a "first time, nonviolent offender," attorneys for the FTX founder largely lean on the argument that Bankman-Fried's risky bets paid off and the bankruptcy estate expects to fully repay FTX customers.

Persons: Sam Bankman, Fried, Judge Lewis Kaplan, Kaplan, FTX, Andrew Dietderich, —, John Ray III, Michael Kives Organizations: K5 Global, SpaceX Locations: Manhattan, Delaware, Alameda, Bankman, Palo Alto , California

☆ FTX's victims may get all their money back. The judge sentencing Sam Bankman-Fried might not care.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Sam Bankman-Fried bilked FTX customers out of over $8 billion, according to prosecutors. AdvertisementAccording to federal prosecutors, Sam Bankman-Fried orchestrated one of the biggest criminal frauds in the history of the world. According to his lawyers, FTX's customers might get all their money back. According to prosecutors, Bankman-Fried was responsible for more than $11 billion in fraud overall between FTX customers and investors in FTX and Alameda Research. The recovered calculations, too, distort how much money customers are actually getting back.

Persons: Sam Bankman, —, Fried, FTX, John J, Ray III, Ray, Lewis Kaplan, Kaplan, Sarah Krissoff, Cozen O'Connor, Krissoff, it's, Sarah Silbiger, Bankman, bitcoin, Rachel Maimin, Lowenstein Sandler, Barbara Fried, Mark Cohen, Jane Rosenberg Bankman, Maiman, Maimin, Caroline Ellison Organizations: Service, FTX, Bankman, Alameda Research, US, United States, Second Circuit, U.S . House Financial, Capitol, Reuters, K5 Global, Prosecutors, Wall, REUTERS, Business, of Prisons, Alemda Research Locations: FTX, Manhattan, New Jersey, New York, Washington , U.S

☆ As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: full repayment
▼ + stars: | 2024-02-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Lawyers representing the bankruptcy estate of FTX told a judge in Delaware last week that they expect to fully repay customers and creditors with legitimate claims. After the dust settled from FTX's bankruptcy, Solana saw a huge run-up in its price, and it continued to rally after the September report. The bankruptcy estate of FTX has been looking to sell its Anthropic stake, according to a court filing this month. For FTX customers, being made whole, according to a judge's ruling, means getting the cash equivalent of what their crypto was worth in November 2022.

Persons: Sam Bankman, Fried, FTX, Andrew Dietderich, —, Joseph Bankman, Barbara Fried, Brendan Mcdermid, John Ray III, Michael Kives, Braden Perry, FTX's, Ray, we're, It's, Solana, Lewis Kaplan, Elizabeth Williams, Michael Lewis, Lewis, IOUs, Perry, SBF, Renato Mariotti, Mariotti Organizations: Bankman, Federal Court, Reuters, K5 Global, SpaceX, Commodity Futures Trading Commission, CNBC, Alameda Research, U.S . Justice Department's Securities, Commodities, SEC Chari Locations: FTX, Delaware, Plenty, Palo Alto , California, New York City, U.S, Bankman, Solana, Alameda, FTX's, Anthropic, New York, Brooklyn

☆ Goodbye for Now to the Robot That (Sort Of) Patrolled New York’s Subway
▼ + stars: | 2024-02-02 | by ( Dana Rubinstein | Hurubie Meko | ) www.nytimes.com time to read: 1 min

The New York Police Department robot sat motionless like a sad Wall-E on Friday morning, gathering dust inside an empty storefront within New York City’s busiest subway station. No longer were its cameras scanning straphangers traversing Times Square. No longer were subway riders pressing its help button, if ever they had. New York City has retired the robot, known as the Knightscope K5, from service inside the Times Square station. “The K5 Knightscope has completed its pilot in the NYC subway system,” a spokesman for the department said in an email.

Persons: straphangers Organizations: New York Police Department, York City, Times, The Police Department Locations: New York, York, NYC

☆ I am very sad for the NYPD's useless and purgatory-bound subway robot
▼ + stars: | 2024-02-02 | by ( Sophie Kleeman | ) www.businessinsider.com time to read: +3 min

But now the NYPD robot has been placed in purgatory — a barren shopfront — and I am no longer laughing. According to The New York Times, K5 has been removed from its post in the Times Square subway station, where it required constant guardianship from human police officers. "The robot for the police, or the police for the robot?" ⁦@danarubinstein⁩ and ⁦@HurubieMeko⁩ on the sad fate of the NYPD robot. Similarly, the NYPD told me that K5 "has completed its pilot deployment in the NYC subway system."

Persons: Eric Adams, @HurubieMeko⁩, ezsZJ3mgWc — Maria Cramer, @NYTimesCramer, I, it's Organizations: New York City, NYPD, The New York Times, Times, City Hall, Yankees Locations: NYC

☆ Here are the emails, texts and photos that could put Sam Bankman-Fried in prison for life
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried.

Persons: Sam Bankman, Fried, FTX, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison, —, Alameda —, Ryan Pinder, Rob Creamer, didn't, Ellison, he'd, HOOD, they'll, FTX's, Sun, Bankman, Stephen Curry, Tom Brady, Giselle Bundchen, Larry David, Nishad Singh, Michael Kives, Bryan Baum, Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, Kris, Kylie Jenner, SDNY Singh, Baum, Drappi, Jane Rosenberg, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Ryan Salame, Changpeng Zhao, Michael Lewis, Singh, Lewis Organizations: U.S . Justice Department's Securities, Commodities, Lawyers, U.S, Alameda Research, Alameda, Geneva Trading, FIA, Traders Group, Wall Street Journal, Google, shuttering, Prosecutors, NBA, Major League Baseball, K5, Federal Court Locations: Chicago, Bahamas, Bankman, Alameda, FTX, shuttering Alameda, Hong Kong, New York City, U.S, Sequoia, Alameda's

☆ Sam Bankman-Fried's lawyer says FTX investments were not 'reckless'
▼ + stars: | 2023-10-17 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo Munoz//File Photo Acquire Licensing RightsNEW YORK, Oct 17 (Reuters) - FTX founder Sam Bankman-Fried's lawyer on Tuesday said the now-bankrupt cryptocurrency exchange's investments were not "reckless and frivolous," pushing back against testimony by a former executive who called its spending on marketing and celebrity endorsements excessive. This is the third week of Bankman-Fried's trial in Manhattan federal court on charges related to the looting billions of dollars in customer funds to make investments, donate to U.S. political campaigns and prop up his hedge fund, Alameda Research. Bankman-Fried, who has pleaded not guilty, has argued that while he made mistakes running FTX, he never intended to steal funds. Jurors have already heard from Gary Wang, FTX's former chief technology officer, and Caroline Ellison, Alameda's onetime chief executive officer and Bankman-Fried's former girlfriend. Reporting by Luc Cohen in New York; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Nishad Singh, Tom Brady, Mark Cohen, Singh, Fried, K5, Cohen, Kendall Jenner's, Gary Wang, FTX's, Caroline Ellison, Alameda's, Luc Cohen, Will Dunham Organizations: REUTERS, Miami Heat, NFL, Defense, Tuesday, K5, Alameda Research, Thomson Locations: New York, U.S, Bankman, Manhattan

☆ Sam Bankman-Fried directed political donations despite $13 bln 'hole', ex-colleague testified
▼ + stars: | 2023-10-16 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

Singh said another FTX executive had told him the deals were meant to help spur user growth. 'I WAS A STRAW DONOR'Bankman-Fried's trial, which started on Oct. 3, has so far focused largely on how prosecutors say Bankman-Fried allowed Alameda to plunder FTX customer funds. Singh gave jurors a window into Bankman-Fried's political operation. He said another FTX executive, Ryan Salame, had access to his bank account to make donations via wire transfers. "I knew that the money for those donations was coming from customer funds."

Persons: Sam Bankman, Andrew Kelly, Fried, Nishad Singh, Bankman, Singh, Tom Brady, Gisele Bundchen, Steph Curry, Larry David, Katy Perry, Orlando Bloom, Michael Kives, Hillary Clinton, FTX, Gary Wang, Caroline Ellison, Alameda's, Gabriel, Gabriel Bankman, Ryan Salame, District Judge Lewis Kaplan, Luc Cohen, Matthew Lewis, Stephen Coates Organizations: FTX, Manhattan, REUTERS, Alameda Research, U.S, Democratic, Prosecutors, Alameda, Miami Heat's, District, Monday, Thomson Locations: New York City, U.S, Alameda, Fried, . U.S, New York

☆ Sam Bankman-Fried jury sees photo of FTX founder with Katy Perry, Orlando Bloom
▼ + stars: | 2023-10-16 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW York, Oct 16 - The jury at Sam Bankman-Fried's fraud trial on Monday saw a photograph of the FTX cryptocurrency exchange founder with singer Katy Perry and actor Orlando Bloom at the 2022 NFL Super Bowl. Singh is the third former member of Bankman-Fried's inner circle to testify at the trial, which started on Oct. 3. Bankman-Fried has pleaded not guilty to two counts of fraud and five counts of conspiracy tied to FTX's November 2022 collapse. Singh said another FTX executive had told him the deals were meant to help spur user growth. Since his trial, Bankman-Fried has been seen during testimony typing on a laptop and whispering to his lawyers.

Persons: Sam Bankman, Andrew Kelly, Katy Perry, Orlando Bloom, Prosecutors, Nishad Singh, FTX's, Singh, Gary Wang, Caroline Ellison, Alameda's, Fried, Perry, Michael Kives, Tom Brady, Gisele Bundchen, Steph Curry, Larry David, District Judge Lewis Kaplan, Kaplan, Luc Cohen, Nick Zieminski Organizations: FTX, Manhattan, REUTERS, Bowl, Alameda, Miami Heat's, District, Bankman, Prosecutors, New York Times, Brooklyn's Metropolitan Detention Center, Thomson Locations: New York City, U.S, Los Angeles, Brooklyn's, New York

☆ Sam Bankman-Fried's lieutenant Nishad Singh said he was embarrassed by 'flashy' FTX spending
▼ + stars: | 2023-10-16 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Singh testified at Bankman-Fried's trial that his concerns were almost always rebuffed. In Manhattan federal court Monday, Singh testified about how he frequently questioned and pushed back against Bankman-Fried's spending sprees and investment decisions — and was almost always rebuffed. "I would hear that my opinions were already factored in, and I didn't need to continue sharing them," Singh testified. Singh testified that he came to know Bankman-Fried through a friendship with the FTX founder's younger brother, Gabe Bankman-Fried. Infighting over expensesThe pair often disagreed on money, Singh testified.

Persons: Nishad Singh, Sam Bankman, Singh, —, Fried, Bill Clinton, Tony Blair, spender, Caroline Ellison, Gary Wang, Gabe Bankman, FTX, SBF, I've, Sam, Tom Brady, Gisele Bündchen, Steph Curry, Kevin O'Leary, Larry David, Jon Kopaloff, Fatih Aktas, Getty Images Singh, Michael Kives, Hillary Clinton, Katy Perry, Orlando Bloom, Ted Sarandos, Jeff Bezos, Kate Hudson, Leonardo DiCaprio, Corey Gamble, Kendall Jenner, Singh wasn't, Kris Organizations: Service, Bankman, Alameda, US Securities and Exchange Commission, University of California, Facebook, Engineering, Sequoia Capital, Yuga, Miami, Major League Baseball, of Legends, Getty Images, Anadolu Agency, K5 Global Locations: Bankman, FTX, Manhattan, Berkeley, Alameda, Bahamas, Kazakhstan, Albany

FILE - The company logo shines off the hood of a 2021 K5 sedan on display in the Kia exhibit at the Denver auto show Friday, Sept. 17, 2021, at Elitch's Gardens in downtown Denver. Kia is recalling about 320,000 cars in the U.S. to fix a problem that could stop the trunk from being opened from the inside, Thursday, Aug. 31, 2023. The recall covers the Optima midsize car from 2016 through 2018, Optima hybrids and plug-ins from 2017 and 2018, and the Rio small car from 2016 and 2017. (AP Photo/David Zalubowski, File) David Zalubowski

Persons: David Zalubowski Organizations: Kia, Denver Locations: Denver, U.S

☆ The NYPD just unveiled a new crime-fighting robot to patrol subways
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe NYPD just unveiled a new crime-fighting robot to patrol subwaysMayor Eric Adams unveiled the Knightscope K5 Security Robot last Friday. The technology is on a two-month lease to the city and will be patrolling Times Square station, which is the busiest subway stop in New York City, between 12 a.m. and 6 a.m. K5 features a button for individuals to call for help. Despite privacy concerns, police officials assert K5 won't record audio or use facial recognition technology.

Persons: Eric Adams Locations: New York City

☆ People are poking fun at NYC Mayor Eric Adams for trying to make a heart sign with the city's new armless patrol robot
▼ + stars: | 2023-09-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

A user on X spotted NYC Mayor Eric Adams' attempt at making a heart with the new armless patrol robot. Adams unveiled the 5 feet 3 inches tall K5 patrol robot that weighs 400 pounds at a press conference on Friday. AdvertisementAdvertisementHonan's post has since racked up over 11 million views, and drawn reactions from a host of other users poking fun at the gesture and the city's new patrol robot. The new patrol robot is already drawing some criticism. The New York City police department and mayor's office did not immediately respond to requests for comment, sent outside regular business hours.

Persons: Eric Adams, Adams, Katie Honan, Twitter —, Albert Fox Cahn Organizations: Service, New York City, Twitter, New York Police Department, Technology, New York Times, Boston Dynamics, New Locations: Wall, Silicon, New York City

☆ 400-Pound N.Y.P.D. Robot Gets Tryout in Times Square Subway Station
▼ + stars: | 2023-09-22 | by ( Jeffery C. Mays | More About Jeffery C. Mays | ) www.nytimes.com time to read: +1 min

“No bathroom breaks, no meal breaks.”The robot will begin its pilot on Friday night and spend two weeks mapping the station at Times Square. It will be accompanied by a human officer from midnight to 6 a.m. to introduce K5 to the public. The rollout of the new technology comes as the city’s subway stations are springing to life after a pandemic slump. Richard A. Davey, president of New York City Transit, said 4 million riders used the subway each day from Tuesday through Thursday, most likely making this the highest ridership week in three years. Mr. Adams, who once patrolled the subways as a transit cop, was elected on a promise to reduce crime without violating New Yorkers’ civil rights.

Persons: Mr, Adams, Richard A, Davey Organizations: Times, New, New York City Transit, Yorkers Locations: New York City

SummaryLaw Firms FTX founder allegedly misappropriated customer funds for European acquisitionFTX failed to find a buyer for the company in bankruptcy saleNEW YORK, July 13 (Reuters) - Bankrupt crypto exchange FTX sued insiders at FTX Europe AG late Wednesday, seeking to recover $323 million that FTX had invested in an ill-fated expansion into European crypto markets. After FTX filed for bankruptcy in November, it sought to sell FTX Europe, only to conclude that no buyer would offer meaningful value for the company, according to FTX. FTX acquired Digital Assets for nearly $400 million in three transactions in 2020 and 2021, hoping to obtain regulatory approvals and expand into European markets. FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange. Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to cover losses at its affiliated hedge fund Alameda Research.

Persons: FTX, Sam Bankman, Patrick Gruhn, Robin Matzke, Brandon Williams, Cosima Capital, Williams, Fried, Gruhn, Steven Holley, Stephen Ehrenberg, Brian Glueckstein, Christopher Dunne of Sullivan, Cromwell, Read, Clinton, Dietrich Knauth Organizations: FTX, AG, DA AG, Assets, Matzke, Gruhn, Prosecutors, Alameda Research, Trading, Bankruptcy, District of, Cromwell LLP, Thomson Locations: Zurich, Switzerland, Europe, Delaware, Matzke, Oregon, Alameda, U.S, District of Delaware

☆ Sam Bankman-Fried shot a MasterClass video about crypto trading months before FTX collapsed, report says
▼ + stars: | 2023-06-24 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

FTX cofounder Sam Bankman-Fried shot a MasterClass video on crypto last year, per The New York Times. He recorded the video last summer, months before FTX collapsed, according to the report. FTX cofounder Sam Bankman-Fried is thought to have shot a video for MasterClass, which offers classes taught by celebrity experts, just months before his crypto exchange collapsed. The existence of Bankman-Fried's MasterClass had only been a social media rumor around the time FTX collapsed prior to The Times' report. MasterClass, Bankman-Fried and Kives did not immediately respond to requests for comment from Insider, made outside normal working hours.

Persons: Sam Bankman, FTX, MasterClass, SBF's, Fried, Michael Kives, Kives, Crypto, Changpeng Zhao, Emilie Choi, Paul Krugman, Chris Dixon, Coinbase, Gordon Ramsay, Garry Kasparov, Margaret Atwood, Fried's MasterClass, Katy Perry, Orlando Bloom, Bill Clinton, Elon Musk, Leonardo DiCaprio, Ron DeSantis Organizations: New York Times, Morning, Hollywood, Bankman, MasterClass, Times, Alameda Research Locations: MasterClass, Alameda

☆ The Super Connector Who Built Sam Bankman-Fried’s Celebrity World
▼ + stars: | 2023-06-23 | by ( David Yaffe-Bellany | Erin Griffith | ) www.nytimes.com time to read: +1 min

As they built K5, Mr. Kives and Mr. Baum touted their connections, including with the billionaire financier Warren E. Buffett. In an interview, Mr. Buffett said Mr. Kives was a “name-dropper” who “might pitch that he has a connection to me, but he doesn’t.” Mr. Buffett said he had known Mr. Kives from his time at Creative Artists Agency. Since then, he said, Mr. Kives has contacted him about a few investment opportunities, which he declined. In late 2021, Mr. Kives used his network to forge a relationship with Mr. Bankman-Fried, who was rising in prominence as cryptocurrencies boomed. They got in touch over email, the lawsuit said, and Mr. Kives introduced Mr. Bankman-Fried to the musician Sia.

Persons: Kives, Baum, Warren E, Buffett, dropper, ” Mr, Sia, Fried, Kives’s, Perry, Bloom, FTX Organizations: Creative Artists Agency, Super, K5 Locations: Beverly Hills, Calif, Bahamas

NEW YORK, June 22 (Reuters) - Bankrupt crypto exchange FTX on Thursday sued a former aide to Hilary Clinton and the former aide's investment firm, seeking to claw back $700 million in investments allegedly made with misappropriated FTX funds. Bankman-Fried authorized investments in K5 projects that enriched Kives and Baum with no payoff for FTX or its customers, who were footing the bill, FTX alleged. FTX has also filed lawsuits over its pre-bankruptcy investment in the stock platform Embed and its payments toGenesis Global Capital, the bankrupt lending arm of crypto firm Genesis. FTX on Wednesday announced a settlement with the Metropolitan Museum of Art, in which the museum agreed to return $550 million in donations that it received from FTX companies in 2022. Reporting by Dietrich Knauth in New York Editing by Alexia Garamfalvi and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Hilary Clinton, misappropriated, FTX, Sam Bankman, Fried, Michael Kives, Bryan Baum, Clinton, Arnold Schwarzenegger, Katy Perry, I've, Baum, Kendall Jenner's, SBF, Elizabeth Ashford, Kives, Dietrich Knauth, Alexia Garamfalvi, Matthew Lewis Organizations: YORK, K5 Global, Democratic, Republican, U.S . Securities, Exchange Commission, K5, Genesis Global Capital, Wednesday, Metropolitan Museum of Art, Thomson Locations: Wilmington , Delaware, Democratic U.S, New York, Republican California, FTX

☆ NYPD's robot dogs are back after backlash. NYC Mayor Eric Adams says 'we cannot be afraid' of the technology.
▼ + stars: | 2023-04-12 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

The NYPD's robotic dogs are "out of the pound" again, mayor Eric Adams announced earlier this week. Adams announced during a press conference earlier this week that the city spent $750,000 on two robotic canines the NYPD calls "Digidogs. " He said the dogs can "save lives" in situations where "you can't have police officers going inside because it's dangerous." The announcement comes just two years after the NYPD halted an experiment with the robotic dogs. In addition to the robot dogs, the NYPD will begin testing the StarChase pilot, a device that shoots a GPS-tracker to a stolen car, and the K5 ASR, an outdoor security robot, Adams said during the press conference.

☆ These are the best cars for families of every size
▼ + stars: | 2023-04-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

US News & World Report released its ranking of the best cars for families in 2023. US News & World Report on Tuesday issued its annual ranking of the best new cars for families. Best 2-Row SUV: Hyundai Santa FeThe Hyundai Santa Fe. HyundaiBest Hybrid Car: Toyota Camry HybridThe Toyota Camry Hybrid. Tim Levin/InsiderBest Hybrid SUV: Toyota Highlander HybridThe 2023 Toyota Highlander.

☆ The 9 best cars for families
▼ + stars: | 2023-03-14 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

☆ Lowe's is testing 400-pound, egg-shaped autonomous robots to patrol parking lots at some of its stores
▼ + stars: | 2023-03-13 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

Lowe's is testing robots from Knightscope to help deter crime and promote safety at its stores. Lowe's is testing autonomous, 400-pound security robots from robotics company Knightscope to patrol parking lots at some of its stores to enhance safety, the company told Insider Monday. Lowe's said it began testing the Knightscope K5 robots in February in Philadelphia. Several TikTok users have posted videos of the robots patrolling the Lowe's parking lots, likening them to the popular Dalek villains from "Dr. Lowe's decision to test these autonomous robots comes as retailers have been sounding the alarms about rising levels of theft.

☆ Here's an exclusive look at the 12-slide pitch deck three siblings used to raise $17 million in funding from Coatue for their mobile app performance startup
▼ + stars: | 2023-02-22 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +3 min

The four Liberman siblings have been building companies together for nearly two decades. Their latest venture, Product Science, just raised $17 million in Series A funding. Here's an exclusive look at the pitch deck that scored the startup millions from Coatue and others. Although app delays aren't noticeable to most users, there's a long tail of consumers on older devices whose experiences can be significantly hindered by poor app performance, Liberman said. Here's an exclusive look at the 12-slide pitch deck Product Science used to raise $17 million of Series A funding from Coatue, K5 Global, and Peter Fenton from Benchmark:

☆ Somalia president: at least 100 people killed in car bombs
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

[1/5] A general view shows the scene of an explosion near the education ministry building along K5 street in Mogadishu, Somalia October 29, 2022. REUTERS/Feisal OmarMOGADISHU, Oct 30 (Reuters) - At least 100 people were killed and 300 injured in two car bombs that exploded outside the education ministry in Somalia's capital Mogadishu on Saturday, the country's president said in a statement early on Sunday. No one immediately claimed responsibility for the attack, although the president blamed the Islamist group al Shabaab. The first of the explosions hit the education ministry near a busy junction in Mogadishu. The attack took place at the same place as Somalia's largest bombing, which killed more than 500, in the same month in 2017.

☆ Car bombs explode at Somalia's education ministry
▼ + stars: | 2022-10-29 | by ( ) www.reuters.com time to read: +1 min

MOGADISHU, Oct 29 (Reuters) - Two car bomb explosions at Somalia's education ministry rocked the capital Mogadishu on Saturday and blew out windows of nearby buildings, witnesses and the emergency services said. "Two car bombs targeted the education ministry building along K5 street," an inhabitant Ahmed Nur told Reuters. The first explosion hit the walls of the ministry while the second blast occurred as ambulances arrived and people gathered to help the victims, police captain Nur Farah told Reuters. A Reuters journalist near the blast site said the two explosions occurred within minutes of each other and smashed windows in the vicinity. Reporting by Abdi Sheikh; Writing by Elias Biryabarema; Editing by Andrew Cawthorne and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

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