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☆ The 6 wildest details about Sam Bankman-Fried that Michael Lewis revealed in a tell-all interview
▼ + stars: | 2023-10-03 | by ( Grace Kay | ) www.businessinsider.com time to read: +9 min

Michael Lewis gave a peek into details from his new book on Sam Bankman-Fried in a tell-all interview. AdvertisementAdvertisement"The Big Short" author Michael Lewis shared some of the wildest details from his forthcoming book on disgraced FTX cofounder Sam Bankman-Fried during a tell-all interview with "60 Minutes" on Sunday. Tom Brady and Sam Bankman-Fried had an unlikely friendship, according to Michael Lewis. Sam Bankman-Fried, a known "League of Legends" fan, played a video game during his first live TV interview, Michael Lewis said. Sam Bankman-Fried.

Persons: Michael Lewis, Sam Bankman, Lewis, SBF, Tom Brady, Donald Trump, —, Bankman, Sam, Erin Schaff, Insider's Lloyd Lee, Fried, Trump, Brady, Sebastian Widmann, Sam wasn't, FTX, he's, Larry David, Steph Curry's, Steph Curry, Anna Wintour, Matt Winkelmeyer, Vogue's Anna Wintour, Wintour, Spokespeople, David, Curry, Michael M, Bernie Madoff, Elizabeth Holmes, Jim Spellman, WireImage Lewis Organizations: Service, Trump, NFL, Super, Miami, Sequoia Capital, Metropolitan Detention, Prosecutors, Alameda Research, Bankman Locations: New York, Trump, Hollywood, America, Bahamas, Brooklyn

☆ How the ultra-wealthy infiltrated anti-capitalist Burning Man
▼ + stars: | 2023-09-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —Burning Man, the desert confab that descended into chaos over the weekend, isn’t quite the scrappy, free-spirited revelry that it once was. For many watching the disarray of Burning Man from afar, the rain and mud that left 70,000 people stranded quickly became a symbol of the festival’s departure from its roots. Or, more simply: how the billionaires ruined Burning Man. Going to Burning Man is, in some elite circles, akin to having climbed Everest or taken ayahuasca on a meditation retreat — a spiritually transformative experience, undertaken with a considerable safety net of privilege. “Burning Man is the perfect example of how many rich White people recreationally manufacture hardship because they are immune from it systematically,” wrote one user on X, formerly Twitter, this weekend.

Persons: isn’t, Elon Musk, Recode, ” Mark Zuckerberg, Dustin Moskovitz, Elizabeth Holmes, ”, Andrew Hyde, Holly Yan Organizations: New, New York CNN, Facebook, New York Times, New York Post, CNN Locations: New York, San Francisco, There’s

☆ Sergey Brin and Elon Musk's brother, Kimbal, spotted at Burning Man as attendees struggled to deal with swampy, chaotic conditions
▼ + stars: | 2023-09-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk's brother, Kimbal Musk, and Google cofounder Sergey Brin have been spotted at Burning Man. Two of the biggest tech camps have been severely flooded, attendees told WSJ. Another tech founder said they abandoned their luggage and waded through ankle-deep mud. AdvertisementAdvertisementElon Musk's brother, Kimbal Musk, and Google cofounder Sergey Brin have been spotted at Burning Man as attendees continue to battle chaotic conditions. Another tech founder said she had to ditch her luggage and wade through ankle-deep mud.

Persons: Elon Musk's, Kimbal, Sergey Brin, Brock Pierce, Elon Musk, Mark Zuckerberg, Elizabeth Holmes, Google cofounders Brin, Larry Page, Eric Schmidt, Brin Organizations: Wall Street, Rock City, Meta, Google, Musk Locations: Rock

☆ Ultrarich Burning Man attendees are getting slammed by climate activists for private jets and their outlandish use of plastic
▼ + stars: | 2023-08-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Burning Man began on Sunday — and some of the attendees were met with protests. Climate and anti-capitalist activists created blockades to hold up traffic at the festivalThe use of private jets by rich attendees and single-use plastics motivated the protests. AdvertisementAdvertisement"The blockade is also in protest against the popularization of Burning Man among affluent people who do not live the stated values of Burning Man, resulting in the commodification of the event," Seven Circles said. Burning Man Project, the group behind the festival, promotes leaving no trace on the environment, gifting and collaborating instead of buying, and decommodification in its 10 principles. The Burning Man Project did not immediately respond back to a request for comment from Insider.

Persons: —, dawDjxhV4y, michelle lh, Mun Chung, Elon Musk, Jeff Bezos, Elizabeth Holmes, splurge Organizations: bros, Guardian, Silicon, Amazon Locations: Nevada's

☆ A former San Francisco tech executive was charged with embezzling more than $2.7 million from his employer
▼ + stars: | 2023-08-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

A former tech exec was charged with embezzling $2.7 million from his employer. Aubrey Jackson Shelton II was accused of using the company's payroll software to "inflate his paychecks." A federal jury charged Shelton II with tax evasion, bank fraud, and wire fraud. AdvertisementAdvertisementA former tech executive has been charged with embezzling around $2.7 million from his employer after an indictment alleged that he inflated his paychecks and hid proceeds from the IRS for more than eight years. Another California tech executive was sentenced to 11 years in prison after being convicted of four counts of defrauding investors last year.

Persons: Aubrey Jackson Shelton, Shelton, Aubrey Jackson Shelton II, Elizabeth Holmes Organizations: US, Office, Northern District of, San Locations: Northern District, Northern District of California, San Francisco, San Francisco federal, California

☆ Sara Ashley O'Brien — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-24 | by ( Sara Ashley O'Brien | ) www.wsj.com time to read: 1 min

Sara Ashley O'BrienSara Ashley O'Brien is a reporter for The Wall Street Journal's style news section. Previously, Sara spent eight years at CNN, where she covered technology, startups and their societal impact for CNN Business. She was part of the team that investigated sexual harassment and assault by Uber and Lyft drivers, and spearheaded the network's coverage of Elizabeth Holmes' criminal fraud trial. Sara is an alumna of the University of Virginia and Columbia University's School of Journalism.

Persons: Sara Ashley O'Brien Sara Ashley O'Brien, Sara, Uber, Elizabeth Holmes Organizations: CNN, CNN Business, University of Virginia, Columbia University's School of Journalism

☆ Meghan Bobrowsky — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-24 | by ( Meghan Bobrowsky | ) www.wsj.com time to read: +1 min

Meghan BobrowskyMeghan Bobrowsky is a technology reporter in The Wall Street Journal’s San Francisco bureau. She covers breaking news across the tech industry and explores emerging trends affecting digital consumption, including around social media, the metaverse and virtual reality. She also writes about disruptions in the digital advertising industry that have impacted companies such as Snap and Meta. Meghan previously held roles at the Miami Herald, the Philadelphia Inquirer, the San Francisco Chronicle and the Sacramento Bee. Meghan is from Davis, Calif., and graduated with a degree in politics from Scripps College, part of the Claremont Colleges Consortium.

Persons: Meghan Bobrowsky Meghan Bobrowsky, Meghan, Elon Musk’s, Meta’s, Elizabeth Holmes, Sunny Balwani Organizations: San, Elon, Twitter, Miami Herald, Philadelphia Inquirer, San Francisco Chronicle, Sacramento Bee, Calif, Scripps College, Claremont Colleges Consortium Locations: San Francisco, Covid, Davis

☆ Burning Man, tech bros' favorite party, is in jeopardy because of Tropical Storm Hilary
▼ + stars: | 2023-08-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Burning Man is facing challenges due to flooding from Tropical Storm Hilary. The gates to the Black Rock Desert event remained closed on Tuesday. AdvertisementAdvertisementBurning Man, the festival beloved by Silicon Valley's elite, is at risk of quenched by Tropical Storm Hilary. Nevada's Black Rock Desert, where the event takes place each year, closed its gate due to flooding caused by the rains of Tropical Storm Hilary, The San Francisco Standard reported. "Temporary gate closures are not abnormal," a Burning Man rep told Insider.

Persons: Hilary, Nevada's, Gerlach, we're, Sergey Brin, Larry Page, Elon Musk, Jeff Bezos, Meta's Mark Zuckerberg, Elizabeth Holmes Organizations: Morning, Silicon, San Francisco Standard, Google, Amazon Locations: Tropical, —, Rock

Here are key facts about Chutkan’s background and rulings:OBAMA APPOINTEEChutkan was nominated as a federal judge by President Barack Obama in 2013. She previously served as a public defender in Washington, D.C. representing indigent defendants in criminal cases. “Presidents are not kings, and plaintiff is not president,” Chutkan wrote in her ruling, which was later upheld by the U.S. Supreme Court. She is among judges in D.C. federal court who have spurned some recommendations from prosecutors for lesser punishments. She was the third Black woman to serve as a federal judge in the Washington, D.C. federal trial court when she was confirmed.

Persons: Donald Trump, Lindsay DeDario, Boies, Boies Schiller Flexner, Tanya Chutkan, Trump, OBAMA, Chutkan, Barack Obama, Boies Schiller, Schiller, Theranos, Elizabeth Holmes, ” Chutkan, Andrew Goudsward, David Bario, Michael Perry Organizations: U.S, Republican, REUTERS, Boies Schiller, Capitol, U.S . Senate, TRUMP, Trump, ., White, Supreme, U.S . Capitol, George Washington University, University of Pennsylvania Law School, Thomson Locations: Erie , Pennsylvania, U.S, Washington ,, JAMAICA, Kingston , Jamaica, Washington

☆ Elizabeth Holmes now has a shorter prison sentence, but she'll still owe victims $452 million along with her former Theranos partner. She might never have to fully pay up.
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

A federal court ordered Elizabeth Holmes and Sunny Balwani to pay $452 million. Defendants hit with such orders to pay victims may see it come out of any eventual wages they earn. So how will Holmes and her former business partner Sunny Balwani navigate a $452 million restitution order? Former Theranos CEO Elizabeth Holmes arrives at federal court with her partner Billy Evans on November 18, 2022. According to the restitution order, Holmes and Balwani are responsible for $125 million in restitution to Murdoch, $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Sunny Balwani, Rupert Murdoch, Holmes, Daniel Richman, Evan Gotlob, Saul Ewing, Billy Evans, Justin Sullivan, Justice Department's, It's, Balwani, Insider's, Murdoch, Gotlob, There's Organizations: Morning, News Corp, Walgreens, Safeway, Forbes, Federal, Office, Columbia Law School, Justice, US, Prosecutors Locations: California, Arizona, Manhattan, Boston, Northern California

☆ Elizabeth Holmes could be released from prison two years earlier than expected
▼ + stars: | 2023-07-11 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Disgraced former Theranos CEO Elizabeth Holmes could be out of prison nearly two years earlier than expected, according to the projected release date posted by the Bureau of Prisons. The Bureau of Prisons online database now reports, however, that Holmes’ expected release date is December 29, 2032 – which would take roughly two years off of her full sentence. The discrepancy appears to be due to how the Bureau of Prisons calculates its estimated release date. These factors that go into calculating an estimated release date are not unique to Holmes’ case, but standard for inmates. Holmes is currently serving out her sentence at Federal Prison Camp Bryan, a minimum security federal prison camp that is approximately 100 miles from Houston.

Persons: CNN —, Elizabeth Holmes, Holmes, Theranos Organizations: CNN, Bureau of Prisons, Prisons, Federal Prison, Street Locations: Texas, Houston, Silicon Valley

☆ 'The Dropout' star Amanda Seyfried says she had the same cringeworthy dance skills as Elizabeth Holmes in high school
▼ + stars: | 2023-07-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Amanda Seyfried says she had the same awkward dancing skills as Elizabeth Holmes in high school. The actor told The WSJ she took inspiration from her school dance routines for one sequence. Seyfried won an Emmy for her portrayal of Holmes in "The Dropout." Amanda Seyfried and Elizabeth Holmes shared a key trait while attending high school: terrible dancing. "Elizabeth Holmes was also on the dance team in high school," Seyfried said.

Persons: Amanda Seyfried, Elizabeth Holmes, Seyfried, Holmes Organizations: Wall Street, Entertainment Locations: Bryan , Texas

☆ Elizabeth Holmes' prison term was just shortened by 2 years
▼ + stars: | 2023-07-10 | by ( Michelle Mark | ) www.businessinsider.com time to read: +3 min

The Bureau of Prisons now lists Elizabeth Holmes' release date as December 29, 2032. Holmes was convicted of fraud and conspiracy last year and sentenced to 11.25 years in prison. Holmes was originally sentenced to 11.25 years in prison, and reported to a minimum-security women's prison in Bryan, Texas, on May 30, 2023. According to her listed release date, Holmes will spend nine years, six months, and 29 days in prison. The Bureau of Prisons did not immediately respond to Insider's request for comment on how Holmes' release date was calculated.

Persons: Elizabeth Holmes, Holmes, Ramesh, Sunny, Balwani Organizations: of Prisons, Prisons Locations: Bryan , Texas, Theranos

☆ How the hit podcast 'Scamanda' could become a TV show, according to a leading exec in Lionsgate's audio arm
▼ + stars: | 2023-07-10 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

She discussed how her team plans to turn podcasts into TV shows, and how "Scamanda" could be a doc. The show was produced by Lionsgate Sound, the Hollywood giant's new audio division that launched last year. Lionsgate is one of several television companies to start its own audio arm — like Netflix and HBO, which produce audio companions to their TV shows. Pilgrim is a Lionsgate-owned production company that specializes in unscripted TV, and also a minority owner in Lionsgate Sound. Conversely, the podcast division can also leverage the success of existing TV shows and programs by producing companion audio works for them.

Persons: Gretchen Stockdale, you've, Amanda C, Riley, swindling, Pilgrim, Stockdale, Elizabeth Holmes, Jussie Organizations: Lionsgate, Apple, Lionsgate Sound, Hollywood, Netflix, HBO, Pilgrim Media Group, Hulu, ABC, Bloomberg, Fox Nation

☆ In Business, ‘Flat’ Structures Rarely Work. Is There a Solution?
▼ + stars: | 2023-07-05 | by ( Charlie Brinkhurst-Cuff | ) www.nytimes.com time to read: +2 min

But do flat structures work? Clifford Oswick, a professor of organization theory at Bayes, pointed out “inherent risks” of discrimination in companies with extremely flat structures. The companies may reflect the same biases as society, without safeguards to avoid them. He pointed to Elizabeth Holmes and Theranos, her health care technology start-up. In a 2015 interview, Ms. Holmes said that Theranos was “a very flat organization and if I have learned anything, we are only as good as the worst people on our team.”

Persons: André Spicer, ” there’s, aren’t, Andrew Rae, Jeri Ellsworth, ”, Ellsworth, Clifford Oswick, Oswick, “ you’ve, Mr, Spicer, Elizabeth Holmes, Theranos, Holmes Organizations: Bayes, School, Valve, People Make Locations: London, ‌

☆ A debate raging in Washington DC over the definition of who qualifies to be an accredited investor could transform the way startups raise money
▼ + stars: | 2023-06-26 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

Lawmakers and federal regulators are contemplating changing the definition of "accredited investor." There's a philosophical debate raging in Washington that could transform the multitrillion-dollar capital markets and change the way startups raise money. The origins of the definition of "accredited investor" trace back to the Great Depression and the Securities Act of 1933. And since the Reg D exemption's creation, private markets have become the dominant way for most issuers to access capital markets. According to analysis from the Brookings Institution, in 2020, 13.85% of US households qualified as accredited investors, compared with just 1.8% in 1983.

Persons: Gary Gensler, Elizabeth Holmes, Sam Bankman, Ronald Reagan, Reg D, Maxine Waters, Elizabeth Warren of Massachusetts, Micah Hauptman, Hauptman, haven't, Marcia Dawood, Dawood, Tyler Gellasch, Gellasch, Theranos Organizations: Securities and Exchange Commission, SEC, Apple, Securities, Financial Services, Politico, Consumer Federation of America, Yale Endowments, Brookings Institution, Angel Capital Association, ACA, Healthy Markets Association Locations: Washington, of Arkansas, California

☆ Ross Douthat on ‘The Great Gatsby’ - The New York Times
▼ + stars: | 2023-06-20 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

Unless, that is, you recognize this opening as a summary of “The Great Gatsby,” F. Scott Fitzgerald’s novel about the innocence of the mountebank and his martyrdom at the hands of the wealthy married couple he tries to come between. This reversal is part of what makes “Gatsby” such an essential American text. In “Gatsby,” money is clearly corrupting once you have it, because the having imbues you with the “vast carelessness” of Tom and Daisy Buchanan or the cold-eyed manipulative spirit of the men who use Gatsby as their front. “If he’d of lived he’d of been a great man,” Gatsby’s father says before the funeral. But in dying young, Gatsby achieved the secret goal of all Americans: to get rich while remaining citizens of Eden, innocents till the last.

Persons: topick, charlatan, ”, Scott Fitzgerald’s, —, Ross Douthat, Gatsby, Tom, Daisy Buchanan, It’s, Gatsbys, who’s, Sam Bankman, Elizabeth Holmes, Holmes, Bernie Madoff Locations: America, Eden

☆ Holmes Says She Can’t Afford $250 Payments to Theranos Victims
▼ + stars: | 2023-06-15 | by ( Amanda Holpuch | ) www.nytimes.com time to read: +1 min

Lawyers for the disgraced entrepreneur Elizabeth Holmes said this week that she would be unable to afford to pay $250 each month to victims of her failed-blood testing start-up, Theranos, after leaving prison. Ms. Holmes, 39, began an 11-year, three-month prison sentence in Texas in May after she was found guilty last year of four counts of wire fraud and conspiracy for defrauding investors about her company’s technology and business dealings. Last month, a federal judge in California ordered Ms. Holmes and her former business partner, Ramesh Balwani, to pay $452 million in restitution to investors who were defrauded, including the media mogul Rupert Murdoch. Federal prosecutors asked the U.S. District Court for the Northern District of California last week to correct “clerical errors” in court records. One of the suggested corrections would require Ms. Holmes, as part of her restitution, to pay either $250 or at least 10 percent of her earnings, whichever is greater, each month after she is released from prison.

Persons: Elizabeth Holmes, Holmes, Ramesh Balwani, Rupert Murdoch Organizations: U.S, Northern, Northern District of Locations: Texas, California, Northern District, Northern District of California

☆ Elizabeth Holmes objects to government requesting she pay $250 a month to victims after prison
▼ + stars: | 2023-06-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Elizabeth Holmes, the disgraced former Theranos CEO, has “limited financial means” and should not be forced to pay $250 a month to victims of her crimes after she is released from prison, her lawyers argued in a court filing on Monday. The move from Holmes’ attorneys comes after federal prosecutors said in a separate filing last week that “clerical errors” had resulted in no payment schedule being set for Holmes’ restitution after she is released from prison. Holmes and former Theranos COO Ramesh “Sunny” Balwani were previously ordered to pay $452 million in restitution to victims of their crimes. Holmes reported to prison late last month in Texas to serve out her more than 11-year sentence. As part of the original restitution order, some $125 million is owed to media mogul Rupert Murdoch, as well as millions in payments to other Theranos investors.

Persons: Elizabeth Holmes, Holmes, ”, Ramesh “ Sunny ” Balwani, Theranos, Rupert Murdoch Organizations: CNN, Federal Locations: Texas, Bryan , Texas

☆ Elizabeth Holmes says she can't pay $250 a month in restitution after she's released from prison: report
▼ + stars: | 2023-06-13 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +2 min

Along with Ramesh "Sunny" Balwani, Holmes was ordered to pay $452,047,268 in restitution. Elizabeth Holmes won't be able to afford $250 a month restitution payments when she's released from a Texas prison, her attorneys argued. It's common for funds like these to never fully be paid out, experts previously told Insider. This week, prosecutors proposed that Holmes pay it month-by-month upon her release, in $250 increments, Bloomberg reported. According to the original restitution order, Holmes and Balwani will have to pay $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Ramesh, Sunny, Balwani, Holmes, she's, Daniel Richman, wasn't, Rupert Murdoch Organizations: Prosecutors, Columbia Law School, Bloomberg, New York Times, Walgreens, Safeway Locations: Texas, Manhattan

☆ How to create with AI, including art, music, and writing, according to people who've written songs, stories, and letters
▼ + stars: | 2023-06-13 | by ( Jack Sommers | ) www.businessinsider.com time to read: +5 min

These five people used the tools to make content including a song and a commercial. A song for EurovisionInsider's Chloe Pantazi was underwhelmed by this year's Eurovision song contest. But ChatGPT gave him the space to experiment with the writing in a way he didn't feel comfortable with before. Insider produced a step-by-step guide of how to use it and Craiyon, another free tool that uses AI to generate images. Read more: I used Lensa, the chart-topping app, to make myself a masterpiece digital work of art — here's how it works

Persons: —, ChatGPT, Chloe Pantazi, Sweden's, Pantazi, Spriha Srivastava, Luke Skywalker, Darth Vader, Matt Huculak, Huculak, Read, Elon Musk, . DALL, OpenAI, Lensa, Bethany Biron, Elizabeth Holmes, Biron Organizations: Service, Eurovision, University of Victoria, University of Cambridge Locations: British Columbia, Canada, Cambridge

☆ Elizabeth Holmes reunited with her husband and parents in a Texas prison yard on visiting day, just 5 days after she went in: report
▼ + stars: | 2023-06-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

Just five days after she went to prison, Elizabeth Holmes had an emotional reunion with her family. She met with her husband and parents on a prison visiting day in Texas. Just five days after she reported to prison, Elizabeth Holmes shared an emotional reunion with her husband and parents. In pictures by Splash News, obtained by The Daily Mail, Holmes was seen with her parents and husband, Billy Evans, during a visiting day on Saturday. Holmes reported to prison on May 30 after a court denied her request to remain out of prison while appealing her conviction.

Persons: Elizabeth Holmes, Holmes, Billy Evans, pinky, Ramesh, Sunny Organizations: Splash News, The Daily Mail, Daily Mail, Daily Locations: Texas, Bryan , Texas

☆ Green juice no more: Elizabeth Holmes can expect hot dogs, macaroni, and tacos in prison
▼ + stars: | 2023-06-06 | by ( Elana Klein | ) www.businessinsider.com time to read: +3 min

Elizabeth Holmes reported to prison on May 30, 2023, after being convicted of fraud and conspiracy. Before her sentence began, Holmes maintained a vegan diet and regularly drank green juices. Her prison camp in Texas serves foods like hot dogs, tacos, hamburgers, and macaroni. A vocal proponent of green juice, disgraced Theranos founder Elizabeth Holmes will have to get used to some changes to her usual diet during her 11-year prison sentence. Other changes to her daily life will include limited access to technology and daily headcounts, Insider previously reported.

Persons: Elizabeth Holmes, Holmes, John Carreyrou, Amanda Seyfried, Sunny Balwani, Fortune, MARK FELIX Organizations: Inc, Theranos, Federal, BBC, of Prisons Locations: Texas, Bryan , Texas

☆ Elizabeth Holmes' ex-partner Sunny Balwani has already had 2 years taken off his prison sentence
▼ + stars: | 2023-06-06 | by ( Jennifer Cunningham | ) www.businessinsider.com time to read: +2 min

Former Theranos exec Ramesh "Sunny" Balwani has had around two years shaved off of his federal prison sentence. He reported to prison in April for a nearly 13-year sentence, but his new release date is in 2034. Ramesh "Sunny" Balwani, Elizabeth Holmes' ex-boyfriend and the number 2 in charge at failed blood testing startup Theranos, has had some time shaved off of his nearly 13-year sentence for fraud and conspiracy, Insider has learned. But federal prison officials have reduced Balwani's sentence. In April, Balwani reported to prison at Terminal Island FCI, a minimum security federal facility just outside of Los Angeles.

Persons: Ramesh, Sunny, Balwani, Elizabeth Holmes, Theranos, Holmes, Rupert Murdoch, Insider's Sarah Jackson, Stephen Cazares Organizations: US Bureau of Prisons Locations: Los Angeles

☆ 10 Things in Tech: Hello, Apple Vision Pro
▼ + stars: | 2023-06-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

The Nerd Helmet, as coined by The Wall Street Journal's Joanna Stern, has arrived! Apple on Monday unveiled its first hardware release in almost a decade: The $3,499 Vision Pro mixed-reality headset. But while Meta has aimed to make VR/AR affordable for the masses, with limited success, Apple is squarely aiming the Vision Pro at early adopters and developers. Apple's Vision Pro headset has an exterior "EyeSight" display to make your eyes visible to others around you. Say hello to the Vision Pro.

Persons: Lara O'Reilly, Joanna Stern, Apple, Let's, Tim Cook, Bob Iger, Elizabeth Holmes, Justin Sullivan, Linda Yaccarino, Elon Musk, Sam Altman, Altman, OpenAI, Binance, Changpeng Zhao, Bernstein, Hollywood's, Roy Rochlin, Craig Federghi, Jack Sommers Organizations: Apple, Meta, Apple's Worldwide, Conference, Vision, Getty, Twitter, Venture, Sequoia, US Securities and Exchange Commission, Alliance, Producers, Hollywood, New York Stock Exchange, Wall, nab, Wall Street Locations: London, ChatGPT

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