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☆ Jeff Bezos' plan for The Washington Post is imploding
▼ + stars: | 2024-06-21 | by ( Kieran Corcoran | Chris Johnston | ) www.businessinsider.com time to read: +1 min

Jeff Bezos is trying to end a financial catastrophe at The Washington Post, employing new leaders. But on Friday a crucial player, Robert Winnett, decided not to join and helm the newsroom after all. AdvertisementJeff Bezos has grand plans to remake The Washington Post. The incoming editor for the newsroom — Robert Winnett, the golden boy of the UK's Daily Telegraph newspaper — pulled out of the job Friday morning. He ditched the role after a slew of revelations about his own past as a writer in London and that of Will Lewis, the Washington Post publisher and old friend who tapped him for the top job.

Persons: Jeff Bezos, Robert Winnett, —, Will Lewis Organizations: Washington Post, Service, Daily Telegraph, Business Locations: London

☆ OpenAI is facing controversy. Again.
▼ + stars: | 2024-06-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the latest controversy to embroil OpenAI amid a difficult few months for the startup . Their takeaway was simple: OpenAI wants to have it both ways regarding how it's perceived about safety and commercialization. It's structured as a "capped-profit" company governed by a nonprofit, and Altman doesn't hold equity directly in OpenAI. The result, the VC told me, is people feel OpenAI is talking out of both sides of its mouth. It doesn't help that some OpenAI employees joined when that split was closer to 80/20 and favored safety over business, they added.

Persons: —, we've, OpenAI Justin Sullivan, Chelsea Jia Feng, Anthropic signees, Scarlett Johansson, Elon, Madeline Berg, Sam Altman, Altman, Justin Sullivan, OpenAI, It's, Patrick McMullan, Jenny Chang, Rodriguez, Izzy Englander's, Griffin's, Marko Kolanovic, ANDREW CABALLERO, REYNOLDS, youngs, Mark Zuckerberg, Elon Musk, Keith Enright, Alyssa Powell, They've, Shopify, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, Business, Google, Millennium Management, Getty Images, Facebook, CNBC, BI, SpaceX Locations: OpenAI, Patrick, It's, Tesla, New York, London

☆ It's all unraveling at OpenAI (again)
▼ + stars: | 2024-06-04 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

In a statement to Business Insider, an OpenAI spokesperson reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee. Safety second (or third)A common theme of the complaints is that, at OpenAI, safety isn't first — growth and profits are. (In a responding op-ed, current OpenAI board members Bret Taylor and Larry Summers defended Altman and the company's safety standards.) "I have been disagreeing with OpenAI leadership about the company's core priorities for quite some time, until we finally reached a breaking point." (Altman and OpenAI said he recused himself from these deals.)

Persons: —, Sam Altman, Daniel Kokotajlo, OpenAI, Altman, Helen Toner, Tasha McCauley, Toner, McCauley, Bret Taylor, Larry Summers, Kokotajlo, Jan Leike, Ilya Sutskever, Leike, Stuart Russell, NDAs, Scarlett Johansson, lawyered, Johansson, " Johansson, I've, Sam Altman — Organizations: Service, New York Times, Business, Times, Twitter, Microsoft, The New York Times, BI, Street, OpenAI, OpenAI's, Apple Locations: OpenAI, Russian, Reddit

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

☆ Sam Altman's time as the golden child of tech might be coming to an end
▼ + stars: | 2024-05-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAI's golden boy, Sam Altman, may be starting to lose his luster. The company has also been dealing with comments from former executives that its commitment to AI safety leaves much to be desired. This story is available exclusively to Business Insider subscribers. ScaJo scandalThe criticism around AI safety is the latest blow for Altman, who is fighting battles on multiple fronts.

Persons: —, Sam Altman, Gretchen Krueger, Jan Leike, Ilya Sutskever, Altman, Stuart Russell, Russell, Scarlett Johansson, Paul Morigi, OpenAI Organizations: Service, Business, Wednesday, UC Berkeley, Microsoft Locations: OpenAI, Russian

☆ Saúl ‘Canelo’ Álvarez: Mexican boxer puts undisputed world title on the line against compatriot Jaime Munguía
▼ + stars: | 2024-05-01 | by ( Jonny Velasquez | Gonzalo Alvarado | ) edition.cnn.com time to read: +5 min

Álvarez is putting all four of his super middleweight belts on the line as he takes on Munguía. After the fight, Munguía said it would be an “honor” to fight his compatriot Álvarez, who is still one of the biggest names in boxing. Patrick T. Fallon/AFP/Getty ImagesThe Oscar De La Hoya factorFormer boxing great Oscar De La Hoya is Munguía’s promoter. “Let me give you exactly what happened, why he is so mad at me,” De La Hoya said. At age 20, the American became the youngest super middleweight title holder in the history of the sport.

Persons: Álvarez, Jaime Munguía, it’s, ” Álvarez, ”, Russian Dmitry Bivol, Julio César Chávez, “, Katelyn Mulcahy, John Ryder, Munguía, Charlo, Dmitry Bivol, Patrick T, Fallon, De, Oscar De La, Eddie Hearn, I’ve, Hearn, De La Hoya, FightHype, ” De, ” De La Hoya, Eddie Reynosa, Ryder, Hector Vivas, David Benavidez, Floyd Mayweather Jr, ” Mayweather Jr, Español Organizations: CNN, Cinco de Mayo, WBC, WBA, WBO, IBF, Beverly Hills Hotel, Getty, Briton, Mobile, Boxing YouTube, De La, De La Hoya, Munguía, boxing’s Locations: France, Puebla, Las Vegas, Russian, Beverly, Tijuana , Mexico, Las Vegas , Nevada, AFP, Hoya, De La Hoya, Oscar De La Hoya, ”, ” De La, American

☆ Ryan Garcia: Boxer was three pounds overweight for major fight. It went ahead and he shocked the world
▼ + stars: | 2024-04-24 | by ( Jonny Velasquez | Ben Morse | ) edition.cnn.com time to read: +7 min

Ahead of the fight, Garcia missed the weight limit for the bout, which ended his chances of competing for a world title on April 20. “In the ring, I’m gonna beat your a**,” Garcia posted on Instagram ahead of the fight. I bet you hoped it was some kind of mental health issues.”Many speculated that Ryan was going through a mental health crisis, including boxing promoter Eddie Hearn. Garcia hasn’t shied away from talking about his struggles with mental health. During the press conference for the fight, Haney asked Garcia to pay him $500,000 per pound if he missed weight.

Persons: jabbed, Ryan Garcia, Canelo, Óscar Valdez, Lord Jesus Christ, of Kings, Lord of Lords, ” Garcia, Garcia, Andrea Celina, Haney, It’s, reestablishes Garcia, “, Devin Haney, ”, I’m, Cris Esqueda, Muhammad Ali, Mike Tyson, Tyson Fury, Deontay Wilder, Ryan, Eddie Hearn, Ryan Garcia implode, ” Hearn, Garcia hasn’t shied, Luke Campbell, you’re, Emmanuel Tagoe, ‘, he’s, Youtuber, Jake Paul, Garcia’s, Garcia pounced, Saturday’s, Gervonta Davis Organizations: CNN, WBC, Barclays Center, Truman, Boxing Social, Breakfast, ” CNN, New York State Athletic Commission, ESPN Locations: Brooklyn , New York, San Antonio , Texas, New York State

☆ Tesla's reign as EV king is fizzling, so Elon Musk has his sights set on a new goal — turning X back into Twitter
▼ + stars: | 2024-04-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Tesla's stock is down over 10% in the last year, and Elon Musk's net worth has also fallen. Lately, social media platform X has begun to look more like regular old Twitter. With his social media venture, X, that seems to mean returning to the app to the pre-Musk days of plain old Twitter. Musk and representatives for Tesla and X did not respond to requests for comment from Business Insider. "Honestly, the best thing that Twitter can do to regain its position is to sideline Musk.

Persons: Tesla, Musk, —, Elon, Gabor Cselle, CNN's Oliver Darcy, David Camp, Metaforce, Camp, X, Cselle, Ed Zitron, Kim Kardashian, Jay, Zitron, Linda Yaccarino, Yaccarino, he's Organizations: Elon, Service, Twitter, NBC News, Variety, Business, Camp Locations: China, Texas

☆ Louis Gossett Jr., 1st Black man to win supporting actor Oscar, dies at 87
▼ + stars: | 2024-03-29 | by ( ) www.cnbc.com time to read: +8 min

Louis Gossett Jr., the first Black man to win a supporting actor Oscar and an Emmy winner for his role in the seminal TV miniseries "Roots," has died. Gossett became the third Black Oscar nominee in the supporting actor category in 1983. "More than anything, it was a huge affirmation of my position as a Black actor," he wrote in his 2010 memoir, "An Actor and a Gentleman." "I knew too little to be nervous," Gossett wrote. Gossett went to Hollywood for the first time in 1961 to make the film version of "A Raisin in the Sun."

Persons: Louis Gossett Jr, Oscar, Gossett's, Neal L, Gossett, Nelson Mandela, Louis Gossett, Ben Vereen, LeVar Burton, John Amos, Richard Gere, Debra Winger, David Susskind, Ed Sullivan, Red Buttons, Merv Griffin, Jack Paar, Steve Allen, James Dean, Marilyn Monroe, Martin Landau, Steve McQueen, Frank Silvera, Sidney Poitier, Ruby Dee, Diana Sands, Billy Daniels, Sammy Davis Jr, Melvyn Douglas, Anne Baxter, Patrick O'Neal, Royce Corniche, Richard Pryor, Sharon Tate's, Charles Manson's, Louis Cameron Gossett, Louis Sr, Sadat, Dave Karger's, Satchel Paige, Josephine Baker, Oscar didn't, Satie, Robert Gossett, Hattie Glascoe, Christina Mangosing, Cyndi James, Reese Organizations: HOLLYWOOD, TCM, Associated Press, Oscar, Globe, Broadway, New York University, Hollywood, Beverly Hills Hotel, Universal Studios, Eracism Foundation, Rockford, Mamas, White Locations: CA, Hollywood , California, Santa Monica , California, Malibu, Brooklyn, Manhattan, Hollywood, Los Angeles County, Beverly Hills, Coney, Brooklyn , New York, Malibu .

☆ Two female writers from 'The Amanda Show' say they had to split a salary and allege creator Dan Schneider played pornography in front of them
▼ + stars: | 2024-03-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. Stratton and Kilgen say that the early days working on "The Amanda Show" were genuinely exciting and enjoyable. Stratton says that Schneider ran the writers' room with a playful demeanor, and "being dirty was part of the silliness." A spokesperson for Schneider told Business Insider that Schneider is "extremely sorry for his behavior that contributed to that environment and he has grown a lot since then. The four-part docuseries is produced by Maxine Productions, a part of Sony Pictures Television Nonfiction, in association with Business Insider.

Persons: —, Dan Schneider, Christy Stratton, Jenny Kilgen, Amanda Bynes, Schneider, Dan, Stratton, Kilgen, Schnieder, hadn't, Kate Taylor's, Kate Taylor, Mary Robertson, Emma Schwartz Organizations: Service, Kids, Nickelodeon, Business, Schneider, WGA, Viacom, Maxine Productions, Sony Pictures

☆ Bradley Cooper capped off his failed Oscar campaign by getting roasted on 'Abbott Elementary'
▼ + stars: | 2024-03-11 | by ( Olivia Singh | ) www.businessinsider.com time to read: +6 min

"Maestro" star Bradley Cooper lost the Oscar for best actor to "Oppenheimer" actor Cillian Murphy. Cooper, a Pennsylvania native, plays himself on 'Abbott Elementary'Bradley Cooper with the cast of "Abbott Elementary" on season three, episode six. Advertisement"I wasn't in 'Oppenheimer,'" Cooper responds, with a skeptical Ava asking, "Are you sure? The movie nabbed several Oscar nominations, including best actor, best actress, and best picture. He received rave reviews for his portrayal, was a frontrunner for best actor, and won the award on Sunday.

Persons: Maestro, Bradley Cooper, Oscar, Oppenheimer, Cillian Murphy, Cooper, Abbott, —, Cooper's Oscar, Leonard Bernstein, Willard R, Melissa Schemmenti's, Lisa Ann Walter, Khalil, Melissa, I'm, Johnson, William Stanford Davis, he's, Ava Coleman, Janelle James, Barbara Howard, Sheryl Lee Ralph, Janine Teagues, Quinta Brunson, Ava, Carey Mulligan, Felicia Montealegre, Jason McDonald, Netflix Cooper, , Irina Shayk, Dax Shephard's, Emma Stone, Netflix Murphy, Christopher Nolan's, Ryan Gosling, Ken, Billie Eilish, Bradley Organizations: Service, Abbott, ABC, Guardians, Marvel, Netflix, Academy Locations: Philadelphia, Pennsylvania, Philly

☆ Sam Altman and Elon Musk are beefing, but the two share plenty in common
▼ + stars: | 2024-03-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Sam Altman's sprawling AI empire amid his beef with Elon Musk . AdvertisementBut first, the sun never sets on Sam Altman's AI empire. OpenAI CEO Sam Altman was thrust into the mainstream consciousness with the release of ChatGPT in 2022. Elon Musk and Sam Altman Michael M. Santiago/Getty, Nordin Catic/Getty, Tyler Le/BIThere is another tech billionaire whose vision exceeds a singular company. But unlike Musk, Altman has, somewhat incredibly, mostly skirted controversy (save for his ouster-then-return saga ).

Persons: —, There's, Sam Altman's, Elon Musk, Alastair Grant, Rebecca Zisser, Sam Altman, Altman, Darius Rafieyan, Sam Altman Michael M, Nordin Catic, Tyler Le, Elon, Musk, OpenAI, execs, Altman isn't, Robert Downey Jr, Tony Stark, Goldman Sachs, Jenny Chang, Rodriguez, Neema Raphael, Goldman's, Jerome Powell, Powell, Li Qiang's, Xi Jinping, Fernando Gutierrez, leapfrog, Ridley Scott's, Napoleon, BI's Peter Kafka, Elon Musk's, Joe Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Elon, Business, OpenAI, Microsoft, Goldman, Beijing, Nvidia, leapfrog Apple, Apple, Google, FTC, Facebook, Variety, Tesla, Costco, Kroger, Digital Locations: China, Delaware, New York, London

☆ Sam Bankman-Fried is dispensing crypto investment tips to Brooklyn prison guards: NYT
▼ + stars: | 2024-02-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried might be in jail, but the NYT reports that he's still got a finger on the pulse with crypto. Bankman-Fried has been reportedly sharing crypto investment tips with prison guards, per NYT. Bankman-Fried is reportedly giving crypto investment tips and touting investments in the cryptocurrency Solana to prison guards, The Times reported on Tuesday, citing an unnamed source familiar with the matter. Bankman-Fried, Mukasey said, should be given a shorter sentence of five to six-and-a-half years. "A sentence that returns Sam promptly to a productive role in society would be sufficient, but not greater than necessary, to comply with the purposes of sentencing," Mukasey wrote.

Persons: Sam Bankman, he's, Fried, —, Solana, Michael Lewis, Lewis, Joseph Bankman, Barbara Fried, Marc Mukasey, Mukasey, Sam Organizations: Service, New York Times, The Times, Bankman, Times, Brooklyn's Metropolitan Detention Locations: Brooklyn, Brooklyn's, Bankman

☆ A crypto influencer has posted what she says is the first photo of Sam Bankman-Fried hanging out with his fellow inmates
▼ + stars: | 2024-02-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Tiffany Fong uploaded a photo of what appears to be a scruffy-looking Sam Bankman-Fried to X. The content creator said she got the photo from an inmate and ex-gang member called "G Lock." Disgraced FTX founder Sam Bankman-Fried looks a lot scruffier in prison, according to a photo obtained by crypto influencer Tiffany Fong. AdvertisementFirst photo of Sam Bankman-Fried in jail at MDC Brooklyn. (December 17, 2023) pic.twitter.com/QlENjjmeQG — Tiffany Fong (@TiffanyFong_) February 20, 2024Fong said she'd obscured the faces of the other inmates for privacy reasons.

Persons: Tiffany Fong, Sam Bankman, Fong, Fried, G, He's, I've, Lewis Kaplan, he'd Organizations: MDC Brooklyn, Bankman, Metropolitan Detention Center, of Prisons, Brooklyn's Metropolitan Detention, Business Insider Locations: Brooklyn, Manhattan, Brooklyn's

☆ I have an only child. It's none of your business why.
▼ + stars: | 2024-02-17 | by ( Erika Ebsworth-Goold | ) www.businessinsider.com time to read: +4 min

I'm the mom of an only child. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. How dare I not give my child a sibling? He's OK being an only childIt’s been the honor of a lifetime to raise my child. If I’m especially annoyed, I retort that having my only child nearly killed me.

Persons: —, I’ve, HELLP, we’d, cravings, I’m, It’s, He’s, I’ll Organizations: Service

The personnel shake-up follows growing frustration among campaign staffers over the effectiveness – or lack thereof – of the PAC’s spending. “It’s not so good,” Carol Weissert, political science professor at Florida State University, says about the state of the DeSantis campaign. To be sure, DeSantis has put in the work in Iowa, having completed his 99-county tour this week. The polling average as of Dec. 4 shows Trump with 45% support in Iowa, with DeSantis at 17% and Haley at 15%. She eclipsed DeSantis for the first time this week in Iowa in a poll by Americans for Prosperity, which is supporting her campaign, showing Haley 1 percentage point ahead of DeSantis – 17% to 16%.

Persons: Ron DeSantis, Christian Ziegler, Bridget Ziegler, Zieglers, –, “ It’s, ” Carol Weissert, it’s, “, Trump, ”, ” DeSantis, DeSantis, he’ll, Nikki Haley, Vivek Ramaswamy, Chris Christie, he’s, Haley, Trump’s, Jamie Dimon, ” “ We’ve, Jacob Neiheisel, Neiheisel Organizations: Iowa, Florida Gov, GOP, PAC, Sunshine, Republican, Liberty, Florida State University, Trump, Republican Party, South Carolina Gov, New, New Jersey Gov, DeSantis, Koch, Prosperity, University of Buffalo Locations: Florida, Trump, New Jersey, Tuscaloosa , Alabama, Iowa, Georgia’s Fulton County

☆ Sam Bankman-Fried Trial: Testimony Concludes; Closing Arguments Begin Tomorrow
▼ + stars: | 2023-10-31 | by ( ) www.wsj.com time to read: 1 min

Federal prosecutors finished cross examining Sam Bankman-Fried on Tuesday. The defense asked the FTX founder more questions and then rested its case. Closing arguments will start on Wednesday. To Recap: Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. Stay informed on Bankman-Fried and the collapse of FTX:Video: Learn about Bankman-Fried's testimonyMeet the main players in the FTX trialCatch up on what's happened so far in the trialListen to our special FTX trial podcast: The Trial of Crypto's Golden BoyRead how we got here and the charges facing Bankman-Fried

Persons: Sam Bankman, Fried Organizations: Bankman

☆ Sam Bankman-Fried Trial: FTX Founder Testifies For Fourth Day
▼ + stars: | 2023-10-31 | by ( ) www.wsj.com time to read: +1 min

Federal prosecutors are continuing to cross examine FTX founder Sam Bankman-Fried. On Monday, Bankman-Fried answered many questions with phrases like “I don’t recall,” at times leading the judge to intervene. Last week, Judge Kaplan ruled that most of the FTX founder's proposed testimony on the involvement of FTX lawyers in his decisions and actions couldn’t be said in front of a jury. To Recap: Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. Stay informed on Bankman-Fried and the collapse of FTX:Video: Learn about Bankman-Fried's testimonyMeet the main players in the FTX trialCatch up on what's happened so far in the trialListen to our special FTX trial podcast: The Trial of Crypto's Golden BoyRead how we got here and the charges facing Bankman-Fried

Persons: Sam Bankman, Fried, ”, Judge Kaplan, founder's, couldn’t Organizations: Bankman

☆ Sam Bankman-Fried Trial: FTX Founder Testifies For Third Day
▼ + stars: | 2023-10-30 | by ( ) www.wsj.com time to read: +1 min

It's another big day at Sam Bankman-Fried’s fraud trial. On Friday, U.S. District Judge Lewis Kaplan ruled that most of the FTX founder's proposed testimony on the involvement of FTX lawyers in his decisions and actions couldn’t be said in front of a jury. The ruling was a blow to Bankman-Fried, whose defense team had hoped to argue that the lawyers' involvement showed he was acting in good faith in circumstances that prosecutors have alleged were crimes. Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. Stay informed on Sam Bankman-Fried and the collapse of FTX:Video: Learn about Sam Bankman-Fried's testimonyMeet the main players in the FTX trialCatch up on what's happened so far in the trialListen to our special FTX trial podcast: The Trial of Crypto's Golden BoyRead how we got here and the charges facing Sam Bankman-Fried

Persons: Sam Bankman, District Judge Lewis Kaplan, founder's, couldn’t, Fried Organizations: District

NEW YORK (AP) — FTX founder Sam Bankman-Fried testified at his New York trial on Friday, denying that he defrauded anyone but acknowledging that the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead. “It turned out basically the opposite of that,” and a lot of customers and others got hurt, Bankman-Fried said. After the jury was sent home Thursday, Bankman-Fried testified in front of the judge about his communications with lawyers as he built his cryptocurrency empire. The executives testified that Bankman-Fried directed them to spend billions of dollars taken from the accounts of FTX customers and funneled through Alameda Research, a hedge fund he started in 2017, two years before he created the FTX cryptocurrency exchange. ___For more AP coverage of Sam Bankman-Fried and FTX: https://apnews.com/hub/sam-bankman-fried

Persons: — FTX, Sam Bankman, Fried, Mark Cohen, “, Judge Lewis A, Kaplan, ” Kaplan Organizations: Prosecutors, Alameda Research Locations: York, Manhattan, California, Bahamas, Bankman, New York, Palo Alto , California, Alameda

☆ 11 of the biggest bombshells from Sam Bankman-Fried's FTX fraud trial
▼ + stars: | 2023-10-25 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

The stress of the scheme left a key executive 'suicidal for days'Nishad Singh testified against his former boss in court. Jane Rosenberg/ReutersNishad Singh, the head engineer at FTX, testified against Bankman-Fried and spoke to the intense pressure of the scheme. As customers began to withdraw their deposits, FTX didn't have enough liquid cash to actually give them their funds. Instead of working together to solve the issue, executives blamed each other, Singh testified. "In response, Sam said something like, 'We were bulletproof last year, but we're not bulletproof this year,'" Yedidia testified.

Persons: Sam Bankman, —, Fried, Caroline Ellison, Gary Wang, Nashad Singh, SBF, Ellison, he'd, Nishad Singh, Jane Rosenberg, Reuters Nishad Singh, Singh, I'd, Wang, FTX's, Bankman, Sam, Adam Yedidia, Yedidia, FTX didn't, FTX, Michael M, Ellison Yedidia, Caroline, Getty, Alameda's, — Ellison, Christian Drappi, Drappi, Alameda — Ellison Organizations: Service, Prosecutors, Alameda Research, Street, Reuters, Bankman, NEW, Manhattan Federal Court, Getty, FTX, MIT, Alameda Locations: Manhattan, Brooklyn, FTX, Bankman, Alameda, United States, Bahamas, New York City, China, Alameda's Hong Kong

☆ Inside Be’eri Kibbutz, Scene of One of the Deadliest Hamas Attacks
▼ + stars: | 2023-10-12 | by ( ) www.wsj.com time to read: 1 min

How Adobe Plans to Stand Out From the AI PackAdobe’s SVP of Digital Media joins host Zoe Thomas to discuss the company's new AI products and how it is handling issues of copyright and misinformation. Plus, the trial of FTX founder Sam Bankman-Fried has resumed. You can follow along the big developments by listening to The Journal podcast’s special series The Trial of Crypto's Golden Boy. Photo: Dado Ruvic/Reuters

Persons: Zoe Thomas, Sam Bankman, Fried, Dado Ruvic Organizations: Digital Media, Reuters

☆ SBF Trial Updates: Caroline Ellison Concludes Her Testimony in the FTX Case
▼ + stars: | 2023-10-12 | by ( ) www.wsj.com time to read: +1 min

Trial Day 7: It's the second week of the fraud trial for Sam Bankman-Fried, or SBF for short, the founder of the failed cryptocurrency exchange FTX. Caroline Ellison, former CEO of Alameda and sometimes-girlfriend of Bankman-Fried, is testifying for a third day on the collapse of FTX. Ellison has pleaded guilty to several charges and is cooperating with the prosecution. Bankman-Fried has pleaded not guilty. Follow along as the Journal's reporters bring you live updates on Ellison's testimony from the witness stand.

Persons: Sam Bankman, Caroline Ellison, Fried, Ellison Locations: Alameda, FTX . Alameda

☆ Sam Bankman-Fried Trial: Caroline Ellison’s Testimony Continues
▼ + stars: | 2023-10-12 | by ( ) www.wsj.com time to read: +1 min

Caroline Ellison is set to continue testimony for a third day in Sam Bankman-Fried's trial. To recap : Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. Ellison has pleaded guilty to several charges and is cooperating with the prosecution. Follow along as the Journal's reporters bring you live updates on Ellison's testimony from the witness stand. Stay informed on Sam Bankman-Fried and the collapse of FTX:Read more on Ellison's testimonyMeet the main players in the FTX trialCatch up on what's happened so far in the trialListen to our special FTX trial podcast: The Crypto Golden BoyRead how we got here and the charges facing Sam Bankman-Fried

Persons: Caroline Ellison, Sam Bankman, Ellison, Fried Locations: Alameda

☆ SBF Trial Live: Caroline Ellison’s Testimony Continues in FTX Case
▼ + stars: | 2023-10-12 | by ( ) www.wsj.com time to read: +1 min

Persons: Caroline Ellison, Sam Bankman, Ellison, Fried Locations: Alameda

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