DIRS.INFO The most relevant business & tech news

NEW YORK (AP) — Palestinian artist Nida Sinnokrot, one of 18 artists receiving the 2023 Soros Arts Fellowships from the Open Society Foundations on Tuesday, says that art provides hope and resilience, even in the midst of war. This year's class of Soros Arts Fellows is the largest since the program launched in 2018. This is the launchpad of something new — a new realm of direct action in the arts.”Molemo Moiloa also plans to incorporate community action in her art project in Johannesburg, South Africa, for her Soros Arts fellowship. “One of the reasons I still feel hope is that there is powerful solidarity around the world that embraces this ethos,” he said. “And that’s what’s so amazing about this year’s (Soros Arts Fellows) and their communities.

Persons: Nida Sinnokrot, “, ”, Sinnokrot, Tatiana Mouarbes, George Soros, Alex — Mouarbes, Jordan Weber, ” “, Weber, ” Molemo Moiloa, Moiloa, Nelson Mandela's, we’ve, it’s, Fellows, Cannupa Hanska Luger, Carolina Caycedo, Chemi, Dalton Paula, Deborah Jack, Kenan Darwich, Sami Rustom, Ixchel Tonāntzin, Martha Atienza, Molemo Moiloa, Mónica de Miranda, Omar Berrada, Rijin Sahakian, Sari Dennise, Yto Barrada Organizations: Open, Massachusetts Institute, Technology’s, Technology, Soros Arts Fellows, Open Society, Culture, Society, Soros Arts, South, Soros, Fehras, Associated, Lilly Endowment Inc, AP Locations: Palestinian, York, ”, Detroit, Johannesburg, South Africa, Israel, Palestine, Guinea, Hidatsa, Lakota, United States, Carolina, Colombia, Puerto Rico, Brazil, St, Maarten, Syria, Germany, Philippines, Portugal, Morocco, Iraq, Mexico

☆ Big University Endowments Hampered by Startup Write-Downs
▼ + stars: | 2023-10-23 | by ( Juliet Chung | Eliot Brown | ) www.wsj.com time to read: 1 min

Yale University’s endowment gained 1.8% for the fiscal year ending June 30. Photo: Tim Tai for The Wall Street JournalThe hangover from the bursting of the startup bubble is weighing on big U.S. university endowments, with write-downs in their growth and venture-capital investments driving a second straight year of weak returns. The Massachusetts Institute of Technology reported a loss of 2.9% and Duke University, a loss of 1% for the fiscal year ending June 30, while endowments at Yale and Stanford gained 1.8% and 4.4%, respectively. The median return for endowments and foundations of more than $1 billion was 5.6%, according to a preliminary estimate from Cambridge Associates.

Persons: Tim Tai Organizations: Yale, Wall Street, Massachusetts Institute of Technology, Duke University, Stanford, Cambridge Associates

☆ Harvard posts investment gain in fiscal 2023, endowment stands at $50.7 billion
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

BOSTON, Oct 19 (Reuters) - Harvard University's endowment fund, the world's largest university endowment, posted a small investment gain that bested several other top U.S. universities' returns but saw the value of the fund shrink as more was paid to university operations. Harvard Management Co said on Thursday that it earned a 2.9% return in the fiscal year that ended June 30, leaving the total endowment at $50.7 billion. A year earlier it lost 1.8% amid tumbling markets but the endowment ended at $50.9 billion. Returns from these schools are watched closely because they pioneered putting money into hedge and private equity funds. Rival Yale University returned 1.8% while the University of Pennsylvania returned 1.3%.

Persons: N.P, Narvekar, Svea Herbst, Bayliss, Diane Craft Organizations: BOSTON, Harvard, Harvard Management, Harvard Management's, Private, Rival Yale University, University of Pennsylvania, Massachusetts Institute of Technology, Columbia University, Stanford, Svea, Thomson

☆ Read the secret Signal messages that could help put Sam Bankman-Fried behind bars
▼ + stars: | 2023-10-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Sam Bankman-Fried appears at federal court in New York on Oct. 4, 2023, in this courtroom sketch. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. In a direct appeal to Bankman-Fried, Singh wrote on Nov. 6, 2022, "one thing that'd seriously help me is if I didn't have debts." Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.

Persons: Sam Bankman, Fried, Claudia Johnson, Caroline Ellison, Gary Wang, Nishad Singh, Ryan Salame, Damian Williams, Yuki Iwamura, Ellison, Bankman, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Singh, Wang, reassurances, FTX, Changpeng Zhao, he'd, Um, Sam, Binance, Zhao, it's, Sam Trabucco, Ben Xie, Michael Lewis, Lewis, Adam Yedidia, Yedidia, chares, SDNY Singh, Gabe, Salame, Michael Sadowsky, Sadowsky, FTX's, Dawn Giel Organizations: Alameda Research, Stanford, Bloomberg, Getty, Massachusetts Institute of Technology, alameda, Prime Trust Bank Locations: New York, Alameda, Manhattan, U.S, FTX, Sequoia, Alameda's, Bahamas

☆ This is the best university in the U.S, according to global rankings—it isn't an Ivy League
▼ + stars: | 2023-10-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +5 min

Princeton University earned the top spot on both The Wall Street Journal's and U.S. News and World Report's rankings for 2024. The University of Oxford in the United Kingdom was named the best university in the world for the eighth year in a row, according to Times Higher Education's ranking of over 1,900 universities worldwide. Oxford, the world's second-oldest university, continues to be a global leader in academic research and instruction nine centuries after its conception. Times Higher Education uses metrics across five areas — teaching, research environment, research quality, industry innovations and international outlook — to rank universities around the world. Though the U.S. doesn't hold the top spot, the next three best-ranked universities are American — but the two highest-ranked ones aren't Ivy League schools.

Persons: United Kingdom Stanford University —, Berkeley — Organizations: Ivy League, U.S, Princeton University, U.S . News, University of Oxford, Oxford, university, Higher Education, doesn't, aren't Ivy League, Stanford University and Massachusetts Institute of Technology, Harvard, Princeton, Oxford University, The University of Oxford —, United Kingdom Stanford University, United Kingdom Stanford University — Stanford, United States Massachusetts Institute of Technology, United States Harvard University — Cambridge, United States University of Cambridge —, United Kingdom Princeton University — Princeton, United States California Institute of Technology, United States Imperial College London —, United Kingdom University of California, United States Yale University — New, United States ETH Zurich —, Switzerland Tsinghua University — Beijing, University of Chicago, United States Peking University — Beijing, China Johns Hopkins University — Baltimore, United States University of Pennsylvania, United States Columbia University —, United States University of California, Los Angeles —, United States National University of Singapore — Singapore Cornell University — Ithaca, United States Times Higher Education, CNBC, Global Locations: U.S, United Kingdom, The University of Oxford — Oxford, California, United, United States Massachusetts Institute of Technology — Boston, United States Harvard University — Cambridge , Massachusetts, United States University of Cambridge — Cambridge, United Kingdom Princeton University — Princeton , New Jersey, United States California Institute of Technology — Pasadena , California, United States Imperial College London — London, Berkeley, Berkeley — Berkeley , California, United States Yale University — New Haven , Connecticut, United States, United States ETH Zurich — Zurich, Switzerland, China, University of Chicago — Chicago, Philadelphia, York, Los Angeles, Los Angeles — Los Angeles, New York

☆ NASA launches a spacecraft to visit Psyche, an unseen metal world
▼ + stars: | 2023-10-13 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

The Psyche mission lifted off at 10:19 a.m. The Psyche mission lifted off Friday morning. “This will be our first time visiting a world that has a metal surface. The Psyche spacecraft will arrive at Mars in May 2026 and use the planet’s gravity to effectively slingshot its trajectory to Psyche. Psyche may have little metal spikes, spires and even tiny pieces that resemble a type of metal sand within the crater, said Elkins-Tanton.

Persons: NASA’s, Chandan Khanna, David Oh, ”, Lindy Elkins, Tanton, ” Elkins, “, Joe Skipper, Henry Stone, Oh, Elkins, Ben Weiss, Psyche, Weiss, It’s, “ It’s Organizations: CNN, NASA, SpaceX, NASA’s Kennedy Space Center, Falcon, Getty, Jet Propulsion Laboratory, Arizona State University’s School of Earth, Exploration, JPL, Caltech, ASU Scientists, Hubble, Reuters, Cape Canaveral Space Force, Mars, Optical Communications, Massachusetts Institute of Technology Locations: Florida, Pasadena , California, Massachusetts, Cape Cod, California, Elkins, Tanton

The issues that earned these 15 teenagers a trip to the White House are also priorities for the Biden administration, including first lady Jill Biden, who was convening the first “Girls Leading Change” event to celebrate Wednesday's designation by President Joe Biden as International Day of the Girl. The honorees, including a pair of twins, range in age from 15 to 18 and represent 13 states. “These young women are protecting and preserving the earth, writing and sharing stories that change minds and turning their pain into purpose,” Jill Biden said in a written statement before the ceremony. She founded her school's Latino Student Union and organizes students on issues like climate justice and preventing gun violence. —Gabriella Nakai, 17, of Phoenix, is a Navajo and Choctaw leader who works on improving food security and sustainability.

Persons: Biden, Jill Biden, Joe Biden, ” Jill Biden, Brooke Bennett, — Jazmin, Jackie, Cho, — Julia Garnett, — Logan Hennes, — Anja Herrman, — Leela Marie Hidier, — Elisa Martinez, — Gabriella Nakai, — Zahra Rahimi, — Gitanjali Rao, — Avery Turner, — Sandra Ukah, — Rania Organizations: WASHINGTON, White, Gender, Council, Robb Elementary School, Beach Cities Health, Advisory Council, American Jewish Committee, Equity, Latino Student Union, Choctaw, Massachusetts Institute of Technology, Air Force, University of Florida, Seminole, Student Union, LiTEArary Society Locations: United States, Montgomery , Alabama, Uvalde , Texas, Redondo Beach , California, Beach, Hendersonville , Tennessee, New York, River Forest , Illinois, Yarmouth , Maine, U.S, Las Vegas, Phoenix, Navajo, —, Alexandria , Virginia, Afghanistan, Highlands Ranch , Colorado, Colorado Springs , Colorado, Bloom, Lake Mary , Florida, Morgantown , West Virginia

☆ Inside Sam Bankman-Fried's $35 million crypto frat house in the Bahamas
▼ + stars: | 2023-10-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +11 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. 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. Lawyers for the U.S. Attorney's office entered into evidence photos featuring Sam Bankman-Fried and his fellow co-workers at their shared $35 million Bahamian penthouse. In his testimony, Yedidia recalled a group Signal thread labeled "People of the House," which referred to Bankman-Fried's $35 million penthouse. Zoom In Icon Arrows pointing outwards Exhibit from the prosecution shows Signal thread called "People of the House," referring to Bankman-Fried's $35 million penthouse, where many employees lived.

Persons: Sam Bankman, Fried, Gary Wang, Adam Yedidia, Caroline Ellison, She's, somethings, Lewis Kaplan, Yedidia, it's, Ryan Salame, Joseph Bankman, Barbara Fried, Bankman, John Ray, Ray, Tiger Woods, Justin Timberlake, Michael Lewis, Lewis, napping, Mark Cohen, FTX, Ellison, hadn't Organizations: U.S, Southern, of, Lawyers, Alameda Research, Massachusetts Institute of Technology, MIT, SDNY, Bankman, Alameda, New Providence, FTX, Enron, Capitol, Prosecutors Locations: Bahamas, Manhattan, He's, of New York, Bankman, FTX, Alameda, Hong Kong, Caribbean, New Providence, New, U.S, Albany, oceanside

☆ Sex, Signal messages and sabotage: SBF's top execs and Bahamas roommates tell all in court
▼ + stars: | 2023-10-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

"Sam Bankman-Fried," he said. Wang said that in response to the reporting an emergency meeting was called between Bankman-Fried, Wang and Singh, to discuss shutting down Alameda. On Nov. 12, after FTX declared bankruptcy, Bankman-Fried asked Wang to drive with him to the Bahamas Securities Commission for a meeting. Yedidia said Bankman-Fried had told him, before he began working in the Bahamas in 2019, that he and Ellison had sex. Bankman-Fried asked Yedidia if it was a good idea for them to date, to which Yedidia said no.

Persons: Adam Yedidia, Sam Bankman, Jane Rosenberg, —, Gary Wang, Nicolas Roos, Wang, FTX, Nishad Singh, Caroline Ellison, Mr, Roos, Ellison, Fried, Reuters Wang, District Judge Lewis Kaplan, Singh, Yedidia, Bankman, Sam, Christian Everdell, he's, I'm, Matt Huang, Yuki Iwamura, Huang, Dawn Giel Organizations: Federal Court, Reuters, MIT, U.S, Alameda Research, District, Prosecutors, Bahamas Securities Commission, Massachusetts Institute of Technology, Google, Alameda, United, Paradigm, FTX, Bloomberg, Getty Locations: FTX, New York City, Bahamas, Manhattan, U.S, Alameda, Bahamian, New York, China, Minnesota, FTX's Hong Kong, Nassau, Bankman

NEW YORK, Oct 5 (Reuters) - Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX. The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said. He added that Bankman-Fried had directed him to implement the changes giving Alameda special privileges. Wang, 30, is the first of three former close associates of Bankman-Fried to testify at the trial, which began on Tuesday. Wang said Bankman-Fried decided to name the firm Alameda Research because it "makes it easier to do business if the name doesn't mention trading or cryptocurrency."

Persons: Sam Bankman, Gary Wang, Fried, Wang, FTX, FTX's, Mark Cohen, Matt Huang, Huang, Bankman, Nishad Singh, Caroline Ellison, Alameda's, Adam Yedidia, Yedidia, Sam, Joseph Bankman, Barbara Fried, Luc Cohen, Jody Godoy, Amy Stevens, Matthew Lewis Organizations: Alameda Research, Alameda, Massachusetts Institute of Technology, Prosecutors, MIT, Stanford Law, Thomson Locations: Alameda, tatters, Manhattan, FTX, China, United States, Bahamas, Yedidia, New York

[1/7] Hans Ellegren (centre), Permanent Secretary of the Royal Swedish Academy of Sciences, announces the winners of the 2023 Nobel Prize in Chemistry during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, October 4, 2023. The more than century-old prize is awarded by the Royal Swedish Academy of Sciences and is worth 11 million Swedish crowns ($1 million). Earlier on Wednesday, the academy appeared to have inadvertently published the names of the three scientists before the official announcement. In 1993, Bawendi revolutionised the production of quantum dots, made up of clusters ranging from a few hundred to a few thousand atoms. The third of this year's crop of awards, the chemistry Nobel follows those for medicine and physics announced earlier this week.

Persons: Hans Ellegren, Moungi Bawendi, Louis Brus, Alexei Ekimov, Bawendi, Johan Aqvist, that's, Ekimov, Brus, Alfred Nobel, Albert Einstein, Ernest Rutherford, Marie Curie, Carolyn Bertozzi, Morten Meldal, Barry Sharpless, Niklas Pollard, Simon Johnson, Johan Ahlander, Ludwig Burger, Terje Solsvik, Anna Ringstrom, Alexandra Hudson Organizations: Royal Swedish Academy of Sciences, Chemistry, Massachusetts Institute of Technology, MIT, Columbia University, Nanocrystals Technology, AT, Bell Labs, U.S, Vavilov, Optical Institute, Nanocrystals Technology Inc, Alexandra Hudson Our, Thomson Locations: Stockholm, Sweden, STOCKHOLM, United States, Paris, France, Tunisia, Soviet Union, Swedish, Frankfurt, Oslo

☆ Tank battles in Ukraine are putting several generations of 'crappy Russian armored vehicles' and their flaws on display
▼ + stars: | 2023-10-04 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +11 min

AdvertisementAdvertisementT-72s, T-80s, and T-90sUkrainians load a Russian T-72 onto a truck outside Izyum in September 2022. It also has a coaxial 7.62 mm machine gun mounted in the hull and a 12.7mm heavy machine gun on the turret. AdvertisementAdvertisementUS soldiers examine a Ukrainian T-80 tank during an exercise in September 2014. AdvertisementAdvertisementA Danish instructor leads a Ukrainian tank crew and translators through training on a Leopard 1A5 in Germany in May. AdvertisementAdvertisementA Ukrainian Leopard 1 tank crew at a test site in Ukraine in September.

Persons: —, ANATOLII STEPANOV, ALEXANDER ZEMLIANICHENKO, Sean Gallup, Uralvagonzavod, Russia hasn't, Sven Creutzmann, Barry Posen, John Moore, Posen Organizations: Service, Getty, REUTERS, NATO, Soviet, Massachusetts Institute of Technology, MIT, LB, Leopard 2A5, Royal United Services Institute, 47th Mechanized Brigade Locations: Ukraine, Russia, Soviet, Russian, Izyum, AFP, Moscow, Ukrainian, Kharkiv, Syria, Poland, Soviet Union, Germany, Posen, Spain, Norway, Canada, Portugal, Denmark, Sweden, British

☆ Nobel Prize in chemistry awarded for discovery of quantum dots that changed everything from TV displays to cancer imaging
▼ + stars: | 2023-10-04 | by ( Christian Edwards Katie Hunt Ed Upright | Christian Edwards | Katie Hunt | ) edition.cnn.com time to read: +7 min

CNN —The 2023 Nobel Prize in chemistry has been awarded to a trio of scientists who worked to discover and develop quantum dots, used in LED lights and TV screens, as well as by surgeons when removing cancer tissue. Heiner Linke, a member of the chemistry committee, explained at the announcement ceremony what made the laureates’ work so revolutionary. “The core thing about quantum dots is that, just by changing their size… you change their properties, for example their color. France-born Bawendi, got an early morning call from Stockholm breaking the news that he is one of the 2023 chemistry laureates. The Nobel committee explained how the scientists’ work had helped develop quantum dots.

Persons: Bawendi, Louis Brus, Alexei Ekimov, ”, Johan Aqvist, Heiner Linke, ” Linke, Ekimov, Moungi Bawendi, —, Brus, Jonathan Nackstrand, Judith Giordan, ” Giordan, Aqvist, “, ” Hans Ellegren Organizations: CNN, Stockholm, Massachusetts Institute of Technology, Columbia University, Nanocrystals Technology Inc, MIT, Royal Swedish Academy of Sciences, Getty, American Chemical Society, Swedish Academy of Sciences, Reuters Locations: Brus, New York, France, Stockholm, AFP

☆ Names of purported Nobel chemistry prize winners inadvertently released
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

A general view of the Royal Swedish Academy of Sciences, where the Nobel Prize in Physics is to be announced, in Stockholm, Sweden October 3, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsSTOCKHOLM, Oct 4 (Reuters) - Sweden's Royal Academy of Sciences appeared to have inadvertently published names of three scientists it said had won this year's Nobel Prize in chemistry, although the award-giving institute said the decision was still hours away. But Johan Aqvist, chair of the academy's Nobel committee for chemistry, told Reuters: "It is a mistake by the Royal Swedish Academy of Sciences. The announcement of this year's Nobel prize for chemistry is due at 1145 CET (0945 GMT). The more than century-old prize is awarded by the Royal Swedish Academy of Sciences and is worth 11 million Swedish crowns ($990,019).

Persons: Tom Little, Moungi, Bawendi, Louis E . Brus, Alexei I, Johan Aqvist, Brus, Anna Ringstrom, Johan Ahlander, Terje Solsvik, Alex Richardson Organizations: Royal Swedish Academy of Sciences, REUTERS, Rights, Sweden's Royal Academy of Sciences, Dagens Nyheter, Reuters, Massachusetts Institute of Technology, Columbia University, Nanocrystals Technology Inc, Thomson Locations: Stockholm, Sweden, Rights STOCKHOLM

☆ Nobel Chemistry prize awarded for discovery of quantum dots used in LED lights
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: +2 min

Earlier on Wednesday, the academy appeared to have inadvertently published the names of the three scientists it said had won this year's Nobel Prize in chemistry. Nanoparticles and quantum dots are used in LED-lights and TV-screens and can also be used to guide surgeons while removing cancer tissue. Scientists Moungi Bawendi, Louis Brus and Alexei Ekimov won the 2023 Nobel Prize in Chemistry for "the discovery and synthesis of quantum dots," the award-giving body said on Wednesday. The third of this year's crop of awards, the chemistry Nobel follows those for medicine and physics announced earlier this week. While the chemistry awards are sometimes overshadowed by the physics prize and its famous winners such as Albert Einstein, chemistry laureates include many scientific greats, including radioactivity pioneer Ernest Rutherford and Marie Curie, who also won the physics prize.

Persons: Moungi, Louis Brus, Alexei Ekimov, Moungi Bawendi, Bawendi, Brus, Ekimov, Alfred Nobel, Albert Einstein, Ernest Rutherford, Marie Curie, Carolyn Bertozzi, Morten Meldal, Barry Sharpless Organizations: Royal Swedish Academy of Sciences, Massachusetts Institute of Technology, MIT, Columbia University, Nanocrystals Technology, AT, Bell Labs, U.S, Vavilov, Optical Institute, Nanocrystals Technology Inc Locations: Russian, Stockholm, Paris, France, Tunisia, Soviet Union, United States, Swedish

Sam Bankman-Fried Trial appears at Federal Court in New York on Oct. 4th, 2023. Two years later, Julliard stood as the prosecution's first witness in the criminal fraud trial against FTX founder Sam Bankman-Fried, who's accused of misusing billions of dollars in client money. He and thousands of other FTX customers were practically wiped out when the exchange went belly up late last year. Allan Joseph Bankman, father of FTX Co-Founder Sam Bankman-Fried, and Barbara Fried, mother of FTX Co-Founder Sam Bankman-Fried, arrive at court in New York, US, on Wednesday, Oct. 4, 2023. WATCH: Sam Bankman-Fried criminal trial begins in New York

Persons: Sam Bankman, Claudia Johnson Marc, Antoine Julliard, Julliard, who's, FTX, Gisele Bündchen, Fried, Jane Rosenberg, Sam, Mark Cohen, Cohen, Attorney Thane, Rehn, Alameda's, Caroline Ellison, Allan Joseph Bankman, Barbara Fried, Stephanie Keith, Ellison's, Sam Trabucco, Trabucco, Rein, Adam Yedidia, Bankman, Yedida, hadn't, Gary Wang Organizations: Court, FTX, Federal Court, Reuters Defense, Alameda Research, Bankman, Assistant U.S, Attorney, Capitol, U.S, Bloomberg, Getty, MIT, Massachusetts Institute of Technology, Prosecutors Locations: New York, London, Manhattan, FTX, New York City, U.S, Alameda, Attorney Thane Rehn, Rehn

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsOct 3 (Reuters) - Sam Bankman-Fried's fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the FTX cryptocurrency exchange he founded. Below is a timeline of key events leading up to the 31-year-old former billionaire's trial. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Eduardo Munoz, Gary Wang, Larry David, Fried, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California

Is ancient Roman concrete better than today's? Most modern concrete starts with Portland cement, a powder made by heating limestone and clay to super-high temperatures and grinding them up. The ancient builders mixed materials like burnt limestone and volcanic sand with water and gravel, creating chemical reactions to bind everything together. Now, scientists think they’ve found a key reason why some Roman concrete has held up structures for thousands of years: The ancient material has an unusual power to repair itself. Even though Roman concrete lasted a long time, it couldn't hold up heavy loads: “You couldn’t build a modern skyscraper with Roman concrete,” Oleson said.

Persons: they’ve, ”, Carlos Rodriguez, Navarro, John Oleson, Vitruvius, Admir, Rome —, Marie Jackson, Jackson, ” Jackson, Rodriguez, Cecilia Pesce, They’d, ” Pesce, Thirumalini Selvaraj, Selvaraj, Oleson, Masic Organizations: —, Spain’s University of Granada, University of Victoria, Massachusetts Institute of Technology, University of Utah, University of Sheffield, Vellore Institute of Technology, Army Corps of Engineers, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Canada, Portland, Rome, Copan, Honduras, England, India

☆ Rice, beer, and urine mixed into ancient structures could help explain how they're still standing after millennia
▼ + stars: | 2023-10-03 | by ( Associated Press | ) www.businessinsider.com time to read: +11 min

AdvertisementAdvertisementIs ancient Roman concrete better than today's? Her research has found that the key could be in the specific volcanic materials used by the Romans. According to Selvaraj's research, in humid areas of India, builders used local herbs that help structures deal with moisture. Even though Roman concrete lasted a long time, it couldn't hold up heavy loads: "You couldn't build a modern skyscraper with Roman concrete," Oleson said. Instead, researchers are trying to take some of the ancient material's specialties and add them into modern mixes.

Persons: —, they've, Carlos Rodriguez, Navarro, John Oleson, Domenico Stinellis, Vitruvius, Admir, Rome —, Marie Jackson, Jackson, Rodriguez, Moises Castillo, Cecilia Pesce, They'd, Pesce, Mark Schiefelbein, Thirumalini Selvaraj, Selvaraj, Oleson, Masic Organizations: Service, Spain's University of Granada, University of Victoria, Massachusetts Institute of Technology, University of Utah, AP, University of Sheffield, Vellore Institute of Technology, Army Corps of Engineers, Associated Press Health, Science Department, Howard Hughes Medical Institute's Science, Educational Media Group Locations: Canada, Portland, Rome, Copan, Honduras, England, India

Josh Shapiro to bypass the Legislature and start automatic voter registration. “THE DEMOCRATS ARE TRYING TO STEAL PENNSYLVANIA AGAIN BY DOING THE ‘AUTOMATIC VOTER REGISTRATION’ SCAM,” Trump wrote on his social media platform. Democrats contended that Shapiro was well within his legal authority to authorize automatic voter registration. A survey of several states with automatic voter registration revealed similar experiences. Republicans in some states that have switched to automatic registration say it will lead to fraud or illegal voting, and conservatives in Alaska have attempted to repeal that state’s automatic registration.

Persons: — Donald Trump, Josh Shapiro, Trump, Shapiro, ” Trump, Ronna McDaniel, “, ” McDaniel, ” Shapiro, Adam Bonin, ”, Tammy Patrick, Charles Stewart III, ” Stewart, Democrat Joe Biden, Sam DeMarco, ” DeMarco, Christina A, Cassidy, Marc Levy Organizations: Republican, Democratic Gov, Democratic, Republicans, Trump, “, MSNBC, District of Columbia, National Conference of State Legislatures, National Association of Election, Massachusetts Institute, Science, Pennsylvania Project, Public, Institute of California, University of Southern, University of California, Democrat, Democratic Party, Associated Press Locations: HARRISBURG, Pa, Alaska, Georgia, West Virginia . Georgia, Pennsylvania, University of Southern California, Berkeley, Allegheny County, Pittsburgh, Atlanta

☆ Who is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried?
▼ + stars: | 2023-09-28 | 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

Now, a year after Alameda collapsed, Ellison is preparing to testify as a key witness at the Oct. 3 criminal fraud trial against its founder, another budding young philanthropist who also owned the now-bankrupt FTX cryptocurrency exchange: Sam Bankman-Fried. She told the FTX podcast she decided to join Bankman-Fried at Alameda despite lacking experience with cryptocurrencies to "maximize my impact." ELLISON MAY TESTIFY ABOUT ENCRYPTED MESSAGESProsecutors may ask Ellison about whether Bankman-Fried directed employees to use encrypted messaging platforms and ensure their messages automatically deleted. She has told prosecutors that Bankman-Fried said it is hard to build a case if information is not written down or preserved, court records show. Days before FTX declared bankruptcy, Ellison told Bankman-Fried her "increasing dread of this day" had been weighing on her for a long time, according to prosecutors.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Ellison, Bankman, Alameda's, Sam, ELLISON, Jane Street, Harry Potter, Fried, Jane, FTX, Kaplan, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: REUTERS, Stanford, Alameda Research, Alameda, Prosecutors, Massachusetts Institute of Technology, New York Times, Thomson Locations: New York, U.S, Alameda, Bahamas, Manhattan, Boston, Fried, FTX

☆ Who is Sam Bankman-Fried, the onetime crypto mogul set to testify in his own defense?
▼ + stars: | 2023-09-27 | 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: +6 min

NEW YORK, Oct 26 (Reuters) - A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. Two years after launching a hedge fund, Alameda Research, Bankman-Fried founded FTX, an exchange that let users buy and sell digital assets such as bitcoin. Based in the Bahamas, Bankman-Fried became known for his mop of unkempt curly hair and for wearing rumpled shorts, even when entertaining dignitaries like Bill Clinton. They contend the theft came to a head in 2022, when crypto prices swooned and he used FTX funds to plug losses at Alameda. Defense lawyers have argued that their cooperation agreements with prosecutors encourage them to implicate Bankman-Fried in the hopes of receiving lenient sentences.

Persons: Sam Bankman, Fried, Bill Clinton, Tom Brady, Larry David, FTX, Caroline Ellison, Alameda's, Forbes, Bankman, Jane Street, Gary Wang, Ellison, Nishad Singh, Wang, Singh, District Judge Lewis Kaplan, FTX's, influencer, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: Stanford Law School, Alameda Research, Forbes, Democratic, NFL, Alameda, Massachusetts Institute of Technology, Bankman, Prison, MIT, Jane, U.S, District, New York Times, Times, Thomson Locations: Bahamas, Manhattan, Alameda, United States, Asia, New York

☆ The marriage of sports and technology can help narrow the gender gap
▼ + stars: | 2023-09-26 | by ( Sponsor Post | Created Insider Studios With Tata Communications | ) www.businessinsider.com time to read: +7 min

When F1 took over the city recently, Tata Communications hosted a community event with experts from the worlds of gender equality, technology, and sports. Men may have long dominated science, technology, engineering, and math (STEM) education and careers, but in Singapore women's employment in science-based fields is climbing fast. The jobs of the future are digital, and a strong base will give these young women a leg up in STEM careers." Tan was speaking at Amp It Up, an event hosted by Tata Communications for STEM students during the Singapore Grand Prix in September. She added: "It's about companies working with these initiatives to make sure that young women are aware of the available opportunities."

Persons: there's, UWS, Georgette Tan, Tan, Oriel Morrison, Rosanna Tennant, Tri Pham, Amitabh Sarkar, Sarkar, We've, Monisha Kaltenborn, Hannah Schmitz, Red, Ruth Buscombe, Christina Teo Organizations: Tata Communications, United Women Singapore, Prix, Tata Communications Community, APAC, Asia, F1 Media & Technology, Team Sauber, Massachusetts Institute of Technology, MIT, European Union, Insider Studios Locations: Singapore, Asia Pacific, Japan, United States

☆ CNBC Daily Open: Has the BOJ been ambiguous in its communication?
▼ + stars: | 2023-09-26 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

Javier Ghersi | Moment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Korea's Kospi slumped 1.2% to multi-month lows, while the Hang Seng Index slipped 0.9% to lows last seen in August. [PRO] Luxury playsBank of America upgraded three luxury stocks that are bucking the negative trends afflicting the broader sector in Europe. Is his professorial tendency to think aloud and entertain various scenarios getting in the way of clearer market communication?

Persons: Javier Ghersi, Korea's Kospi, Bob Smith, Dave Limp, Smith, Kazuo Ueda, Ueda, Stanley Fischer, bank's Organizations: CNBC, Treasury, Amazon, Blue Origin, European, Coy, Huawei, Luxury, Bank of America, Bank, Japan, Yomiuri Shimbun, Massachusetts Institute of Technology, Reading Locations: Japan, Asia, Europe, Osaka

☆ The US is planning its first fusion plant, and it could generate pollution-free power by 2035
▼ + stars: | 2023-09-25 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Nuclear fusion is a breakthrough technology that could help the US achieve pollution-free power. Calling nuclear fusion a pioneering technology, Granholm said President Joe Biden wants to harness fusion as a carbon-free energy source that can power homes and businesses. A successful nuclear fusion was first achieved by researchers at the Lawrence Livermore National Laboratory in California last December in a major breakthrough after decades of work. Nuclear energy is an essential component of the Biden administration's goal of achieving a carbon pollution-free power sector by 2035 and net zero emissions economy by 2050. "We want to see everybody moving forward as quickly as possible (on the clean energy transition), including ourselves," she said.

Persons: it's, —, Biden, Jennifer Granholm, Granholm, Joe Biden, It's, Dennis Whyte, Rishi Sunak, Sunak Organizations: Service, US, Associated Press, Lawrence Livermore National Laboratory, Control, Plasma Science, Fusion Center, Massachusetts Institute of Technology, Energy, UK Locations: VIENNA, Vienna, California, France, Washington

Search resuls for: "Massachusetts Institute"

25 mentions found