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Caroline Ellison was the CEO of Alameda Research, a trading firm launched by Sam Bankman-Fried. She oversaw bets Alameda took with customer funds. AdvertisementAdvertisementAs Sam Bankman-Fried's crypto empire began to unravel last year, his colleague, now 28-year-old Caroline Ellison, emerged as a figure of intrigue and speculation. Now, as the trial of Bankman-Fried enters its second week, Ellison will testify as a key witness. Here's what we know about Caroline Ellison.
Persons: Caroline Ellison, Sam Bankman, , Ellison, FTX, Fried Organizations: Alameda Research, Alameda, Service Locations: Bankman
FTX cofounder Gary Wang was a critical player during the rise and fall of SBF's crypto empire . AdvertisementAdvertisementWhen Bankman-Fried cofounded Alameda Research in 2017, Wang reportedly left his role at Google. The tight group of executives reportedly included Wang, Bankman-Fried, Caroline Ellison, who was formerly Alameda's CEO, and Nishad Singh, FTX's former director of engineering. But at FTX, Wang was a somewhat reclusive figure, per reports. "All of the sudden that snapped into he was leaving that day, back to the US and implicitly mostly stopped working," Bankman-Fried told the news outlet.
Persons: Gary Wang, Wang, Sam Bankman, , Bankman, MIT Wang, Wang's, Cherry Hill, Hector, Fried, Caroline Ellison, Nishad Singh, FTX's, Nishad, Gary, Singh, FTX, Ellison, Damian Williams, Ilan Graff, Sundar Organizations: Service, MIT, Bloomberg, Eastside, Epsilon Theta, Google, Forbes, Alameda Research, Court, District of, Sydney Morning Herald, Street Journal, Southern, of New York, Securities and Exchange Commission Locations: Oregon, Cherry Hill, New Jersey, China, Bahamas, Alameda, District of Delaware, FTX
"The demand for professionals with knowledge in AI research, machine learning, deep learning — it truly outpaces the available supply of candidates," Sines said. A machine learning researcher role at the trading firm Jane Street indicated a salary range of $250,000 to $300,000, for example. And Disney is looking to hire a senior machine learning engineer with expertise in machine learning, algorithms, and statistical methods; the entertainment giant is offering an annual salary of $145,400 to $199,870. AdvertisementAdvertisementIn May, HR firm Scratch posted a job listing for a remote senior machine-learning engineer for a client. The position — which had a listed salary range of $120,000 to $185,000 — required "familiarity with current AI tools" such as ChatGPT.
Persons: Morrison Foerster, , Aaron Sines, Sines, Jane Street, Alan Schnitzer, Oliver Scholars, Danielle Cox, Cox, Scratch Organizations: Walt Disney Company, Service, Austin, Travelers, Real
AI can help insurers navigate patient records much faster, one automation company said. In New Mexico, AI helped parents access newborns' coverage within minutes, an official said. Healthcare companies can use AI-led automation to speed up the work of customer-service agents. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "I hope that AI will make healthcare more accessible to the consumer and make healthcare itself more sustainable for professionals," Chow of Automation Anywhere said.
Persons: Yan Chow, Chow, there's, Humana, Allie, Forbes, Sam Altman, it's, Shanita Harrison, Harrison Organizations: Healthcare, Service, Humana, Kaiser Permanente, Chow . Healthcare, New Mexico Human Services Department, IBM, SS, New, New York Times, Amazon Web Services Locations: New Mexico, Wall, Silicon, Kaiser
ChatGPT has drawn users at a feverish pace and spurred Big Tech to release other AI chatbots. But ChatGPT, the latest in technology known as "large language model tools," doesn't speak with sentience and doesn't "think" the way people do. Other tech companies like Google and Meta have developed their own large language model tools, which use programs that take in human prompts and devise sophisticated responses. Other researchers seem to be taking more measured approaches with generative AI tools. He told Insider he's helping to experiment with a chat bot called "Rentervention," which is meant to support tenants.
Persons: ChatGPT, Here's, what's, OpenAI, Matthew Sag, Koko, Rob Morris, Daniel Linna Jr, he's, Linna Organizations: Big Tech, Microsoft, Emory University, Google, Northwestern University, Committee, Better, Princeton
Ron DeSantis told CNBC he and his allies would like to move on from the Disney feud. DeSantis said he would tell Disney CEO Bob Iger to drop the lawsuit, and that they can't win it. I'm totally fine with that," DeSantis told CNBC. When asked what he would tell Disney CEO Bob Iger today, DeSantis said he would tell him to "drop the lawsuit." The Walt Disney Company and DeSantis's office did not immediately respond to Insider's request for comment.
Persons: Ron DeSantis, DeSantis, Bob Iger, Disney —, They're, Sindhu Sundar, that's, David Schultz, it's Organizations: Florida Gov, CNBC, Disney, Service, Gov, Florida, University of Minnesota, Walt Disney Company Locations: Florida, Wall, Silicon
Sam Bankman-Fried hobnobbed, worked, and traveled in style in FTX's prime, Bloomberg reported. Photos show him with New York City Mayor Eric Adams, playing the odd sport, and reclining in a jet. The Sam Bankman-Fried once celebrated by investors and honored on the Forbes 30 under 30 list lived well. A new collection of photos published by Bloomberg shows the one-time billionaire seemingly in his element. The photos also show a somewhat comically jarring mish-mash in aesthetics that had perhaps come to symbolize the nouveau riche of crypto.
Persons: Sam Bankman, Eric Adams, Fried, Bankman Organizations: Bloomberg, New York City, Forbes, Bankman Locations: Bahamas, Palo Alto , California, New York
South Korean scientists claim to have made a superconductor, LK-99, that works at room temperature. But electricity that travels along a superconductor barely loses energy along the way. That's the premise behind LK-99, a possible superconductor material that scientists in South Korea say they have devised, which has been dominating headlines and social media posts in the past week or so. To that end, some experts are trying, but this holy grail has eluded scientists for many years, so the prospects are still a long way off, experts told Insider. "So low power energy chips is one major area in chip design."
Persons: Leonard Kahn, Kahn, Edwin Fohtung, Elif Akçalı, Akçalı, it's, Meissner, we're, Siddharth Joshi, Joshi, Navid Asadi, Asadi, Dale Rogers Organizations: Service, Department of Physics, University of Rhode Island's College, Rensselaer Polytechnic Institute, University of Florida, University of Notre Dame, Arizona State University Locations: Wall, Silicon, South Korea
The burgers' 'terrible quality' was the fault of a business partner, he alleged in a new lawsuit. His company alleged complaints raised to partner Virtual Dining Concepts “fell on deaf ears.”Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Reef, which sells MrBeast Burger, has logged multiple consumer complaints about uncooked burgers, Insider previously reported. Representatives for Virtual Dining Concepts did not respond to Insider's request for comment. Insider's Brittany Chang wrote last year about eating a "mediocre burger" at a physical MrBeast burger joint in New Jersey's American Dream mall.
Persons: MrBeast, Jimmy Donaldson, Donaldson's, Travis Kalanick's, Burger, Brittany Chang Organizations: Service, YouTube, Beast Investments Locations: Wall, Silicon, New
Uber CEO Dara Khosrowshahi was reportedly not thrilled by some of the passengers he drove around. The executive described in a Wired interview his insight into how drivers get treated and assessed. The CEO of Uber said he gained more insight into the experience of drivers on the ride-hailing service when he assumed an undercover identity and started taking fares himself. "As a CEO, the board gives me a performance rating at the end of year," he told Wired. Uber did not immediately respond to Insider's request for any additional comment ahead of publication.
Persons: Dara Khosrowshahi, Uber, Khosrowshahi, Dave K, He'd, he'd Organizations: Morning, Wired, Wall, Drivers Locations: San Francisco
Elon Musk's rebrand of Twitter to "X" finally showed up on the Apple App store. The single-character name appeared with the new logo, though Apple requires app names to be longer. But the app's name now appears to have been changed to "X" after all, according to what appears on the App Store. Elon Musk's "X" app is now under its new name in the Apple App store instead of under "Twitter." Chesnot / Getty ImagesThe name change to "X" finally taking effect on the App Store was previously reported by The Verge.
Persons: Musk, Elon, We'll Organizations: Elon Musk's, Twitter, Apple, San, San Francisco, Associated Press Locations: San Francisco, San
FTX's bankruptcy estate is going after the crypto exchange's top leaders to try to take back funds. Sam Bankman-Fried and others took "hundreds of millions of dollars," FTX alleged in a court filing. Caroline Ellison, once co-CEO of the trading firm Alameda, took a $22.5 million bonus, FTX said. For instance, Ellison improperly took $22.5 million in bonus payments from Alameda Research, the trading firm she helped lead as co-CEO, FTX alleged in a filing this month in Delaware bankruptcy court. Representatives for Ellison, Wang, and Singh did not immediately respond to emails seeking comment on Friday afternoon.
Persons: Sam Bankman, FTX, Caroline Ellison, Gary Wang, Ellison, Nishad Singh, Wang, Singh, Fried Organizations: Morning, Alameda Research, FTX Locations: Alameda, Delaware, FTX, Albany, Bahamas
Prosecutors want to send Sam Bankman-Fried to jail over alleged witness tampering. Prosecutors asked a federal judge Wednesday to send Sam Bankman-Fried to jail after he leaked his ex-girlfriend's private Google Docs to the New York Times. Bankman-Fried's lawyers said his interaction with the journalist was just addressing his overwhelmingly negative press, but prosecutors say it was much more than that. Bankman-Fried sent more than 100 emails to journalists and made 1,000 calls to journalists, prosecutors say. He called the New York Times journalist who wrote the story based on the leak 100 times, they said.
Persons: Sam Bankman, Caroline Ellison's, Danielle Sassoon, Lewis Kaplan, Caroline Ellison, who'd, Ellison, Fried, FTX, Ms, Sassoon, Mark Cohen Organizations: Prosecutors, New York Times, US, Alameda Research, Google, Bankman Locations: Manhattan, York
The orbs, shiny sculptural spheres that scan the eyeballs of new members, seem to have become the company's dystopian symbol. But Worldcoin's Orbs look more like inscrutable machines than something mythological. Worldcoin has said it has emphasized privacy in designing a system based on extracting eyeball scans. And the eyeball scans get erased, according to Worldcoin. Worldcoin has said that "World IDs" don't contain any eyeball scans or iris data.
Persons: Sam Altman's, Worldcoin, Sam Altman trumpeted, Alex Blania, Donald Trump, Tim Sweeney, It's Organizations: Twitter, Epic, pitchfork, MIT Technology Locations: Lisbon, Singapore, Sands, Miami, Tokyo
Mark Zuckerberg's Meta already appears to have a trademark for an "X" logo. Musk's new logo for "X" also resembles a Unicode character and a Monotype font. Twitter may have hit a snag while rolling out its new logo — it seems like Meta already holds the rights to it. Meta's "X" logo in its trademark filings looks different from the one Musk has put up on Twitter's website. Meta's "X" looks like two arrows with rounded ends pointing inwards — one white and one blue — while Twitter's "X" is a black and white angular rendition.
Persons: Mark Zuckerberg's Meta, Elon Musk, Zuckerberg's Meta, Matthew Scroggs, Josh Gerben, Meta, Gerben Organizations: Elon, Twitter, University College London, Monotype
As the new logo debuted on the site, efforts were underway to erase a Twitter sign in San Francisco. Elon Musk spirited the "X" logos onto Twitter's site seemingly overnight, but it may take a while longer to change the sign outside his company's headquarters. The San Francisco police department halted the work on Monday afternoon and spoke to workers tasked with removing the sign, according to the San Francisco Standard. A crane was used to remove some of the letters from the Twitter sign on the company's San Francisco office building. San Francisco Police stand next to the crane used to dismantle some of the letters in Twitter's SF office sign.
Persons: Elon, Elon Musk, Justin Sullivan, SFPD, We'll, Shorenstein, Getty, Kali Hays, Sundar Organizations: Twitter, Police, San, San Francisco Standard, X Holdings, San Francisco Police Locations: San Francisco, khays, ssundar
The law firm Husch Blackwell and insurer Travelers are among those seeking AI skills. The law firm Husch Blackwell has built a data science team, and is hiring an AI solutions strategist. For its AI role, Husch Blackwell has looked for trained lawyers who understand AI and large language models, and ideally also have some business consulting experience, said Blake Rooney, chief information officer at Husch Blackwell. The law firm Husch Blackwell has been looking to hire an AI solutions strategist as it expands its use of AI. The law firm already built a data science team over the past three years, and automated some routine tasks.
Persons: Husch Blackwell, Jane Street, Aaron Sines, Sines, There's, Alan Schnitzer, Alo, CoCounsel, Valerie McConnell, Blake Rooney, It's, Rooney, it's Organizations: Morning, Jane, Austin, Travelers, Interactive, LinkedIn Locations: New York
Caroline Ellison reportedly wrote Google Doc entries about feeling out of her depth at Alameda. The docs revealed her difficult feelings about working with ex Sam Bankman-Fried, the New York Times reported. Sam Bankman-Fried, who appeared in Manhattan federal court late last year, faces trial in October. A representative for Sam Bankman-Fried declined to comment. Sam Bankman-Fried has been indicted on charges stemming from what prosecutors have alleged is a scheme to defraud FTX's customers of billions in funds.
Persons: Caroline Ellison, Sam Bankman, Ellison, It's, Amanda Perobelli, Fried Organizations: New York Times, Morning, Alameda Research, Google, Times, Reuters, US, Office, Southern, of Locations: Alameda, Manhattan, of New York
Netflix said its move to rein in users freely sharing passwords has paid off for the company. It's now expanding that policy on password sharing to nearly everywhere else, the company said. download the app Email address By clicking “Sign Up,” you also agree to marketing emails from both Insider and Morning Brew; and you accept Insider’s Terms and Privacy Policy Click here for Morning Brew’s privacy policy. Turns out, making it harder to share your password was good for Netflix. Netflix said measures like requiring users to pay for password sharing are part of its broader efforts to boost its revenue.
Persons: it's, tweeting, we're Organizations: Netflix, Morning
Jesse Watters' show on the 8 p.m. slot had about 2.5 million viewers, Fox News said, citing Nielsen. But the number was lower than the reported 3.1 million viewers Tucker Carlson drew in last summer. Tucker Carlson's replacement drew big numbers in his debut in the 8 p.m. time slot on Fox News, but he couldn't beat Carlson's past viewership right off the bat. Jesse Watters' show, "Jesse Watters Primetime," aired Monday on what was once Tucker Carlson's time slot and had 2.5 million viewers, according to Fox News, which cited data from Nielsen Media Research. But Watters' show was "the most-watched program on cable news in primetime" on Monday, according to a statement by Fox News.
Persons: Jesse Watters, Tucker Carlson, Tucker Carlson's, Tucker, Watters, Rachel Maddow, Hannity, Nielsen, outranked Jesse Watters, Carlson, Bill O'Reilly, Russell Brand's Organizations: Fox News, Nielsen, Nielsen Media Research, Fox, MSNBC, Dominion Voting Systems, Twitter
A super PAC backing Ron DeSantis' presidential campaign simulates Trump's voice in an ad. A political ad attacking 2024 presidential candidate Donald Trump features what at first listen might sound like Trump's real voice. A representative for Trump's campaign blasted the use of a fake Trump voice in the ad. Representatives for DeSantis' campaign did not immediately respond to Insider's request for comment. —DeSantis War Room 🐊 (@DeSantisWarRoom) June 5, 2023It's not the first time a DeSantis ad has apparently leveraged AI against Trump's campaign.
Persons: Ron DeSantis, Trump, Donald Trump, , didn't, DeSantis, Kim Reynolds, Reynolds, Trump's, Jeff Roe, Chris LaCivita, ake, hite Organizations: Politico, GOP, Iowa, Republican, Trump, DeSantis Locations: Florida, Iowa, China
Walter Isaacson commended Elon Musk's engineering abilities, but suggested he lacks empathy. Isaacson made the comments on CNBC's Squawk Box, discussing his upcoming biography of Musk. Walter Isaacson, whose upcoming biography about Elon Musk is expected in September, said one of his takeaways from three years of observing the voluble executive is that he may lack empathy. He repeated the idea on CNBC's Squawk Box. In the segment, Isaacson also addressed recent headlines about Musk, including a purported cage match with Meta CEO Mark Zuckerberg.
Persons: Walter Isaacson, Elon, Isaacson, Elon Musk, Grimes, Musk's, Mark Zuckerberg, Kali Hays, Musk, Musk's Tesla Organizations: Twitter, Meta, Autism, for Disease Control, SpaceX
In a statement to Insider, Goldman Sachs called the allegations "completely without merit." In a statement to Insider, Goldman said: "We believe these claims are completely without merit." The high-pressure workplace culture at Goldman Sachs and investment banking in general has been the subject of press coverage and litigation. In 2021, an informal survey that was reportedly sent to Goldman Sachs management from 13 junior bankers describing "inhumane" working conditions at the firm went viral on social media. Last year in the US, Goldman Sachs reportedly settled allegations by a former partner who had alleged a culture of discrimination against women at the firm.
Persons: Goldman Sachs, Ian Dodd, Dodd, Goldman Organizations: Daily Telegraph, Telegraph, Justice, Goldman, Bloomberg Locations: London, COVID
Striking actors say studios want full discretion over any digital replacements of background actors. It evoked a recent "Black Mirror" episode in which actors on screen turn out to be digital versions. In the real world, members of the actors' union SAG-AFTRA worry that such a dystopian future may not be far off. He said that the studios had proposed to pay background actors for a day in exchange for companies taking scans that can be used to create their digital likenesses. "Any other use requires the background actor's consent and bargaining for the use, subject to a minimum payment."
Persons: Joan, Salma Hayek, Duncan Crabtree, Crabtree, AFTRA Organizations: Morning, Netflix, SAG, Alliance, Television Producers, Hollywood, Writers Guild of America Locations: Ireland
Elite guests sported neutral looks seemingly inspired by the quiet luxury of "Succession." Morning Brew Insider recommends waking up with, a daily newsletter. But that's exactly what the paths around town became as billionaire and CEO guests strolled and biked between conference sessions at this year's Allen & Co. event. The fashion choices of the business elite seemed to evoke the luxury style seen on the hit HBO TV show "Succession," with a focus on muted tones and casual wear. Here's what the Who's Who of the business world wore at the Sun Valley conference this week.
Persons: strolled, Allen, it's Organizations: Allen, Co, athleisure, HBO, Sun Locations: Swiss, Sun Valley , Idaho
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