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Top related persons:
Blockchain - 1 Parlika - 1 Sheila Warren - 1 Warren - 1
Top related locs:
DAVOS Switzerland Davos
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CNBC - 1 Casper Labs - 1 IBM - 1 Economic - 1 Crypto - 1 Innovation - 1

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5 mentions found


☆ Blockchain, the tech behind bitcoin, may have found its 'killer use case' by keeping AI in check
  + stars: | 2024-01-22 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Businesses have been looking to put these principles to use in other applications for blockchain, which is sometimes referred to as distributed ledger technology. That means the answers an AI system may give would contain those biases and false information. In the case of AI, training data can be put on the blockchain. Hallucinations broadly refer to when an AI system gives out false information. Sheila Warren, the CEO of the Crypto Council for Innovation, said, however, that a blockchain-based AI training data ledger could be the "killer use case" for the technology.
Persons: Blockchain, Parlika, Sheila Warren, Warren Organizations: CNBC, Casper Labs, IBM, Economic, Crypto, Innovation Locations: DAVOS, Switzerland, Davos
☆ 'He lied to us about what he was doing and who he was': Anthony Scaramucci reflects on the top 3 lessons he wants all investors to learn from his experience with Sam Bankman-Fried.
  + stars: | 2023-05-19 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +7 min
Anthony Scaramucci's investment firm SkyBridge Capital had a rough run in 2022 after being burned by the collapse of the bankrupt crypto exchange FTX. Scaramucci told Insider that the amount of leverage in the system and the tax-loss selling in December depressed their overall performance. Still, there are spillover effects — and lessons — from last year's debacle with FTX that Scaramucci and SkyBridge are working through. Lessons learned from the FTX debacleLast year, Sam Bankman-Fried through FTX, the crypto exchange he founded, bought 30% of SkyBridge for $45 million. And finally, as the majority shareholder of the firm, Scaramucci holds the right of refusal to reject any transfer of the shares.
☆ Orange bitcoin Mercedes owner at Davos hits back at critics, says not his car's fault people lost money
  + stars: | 2023-01-19 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
The orange Mercedes was parked along the Promenade in Davos. Nobody in the vicinity saw who parked it there. DAVOS, Switzerland — The mystery of the orange bitcoin car, that was first spotted by CNBC on Monday at the Alpine resort of Davos, Switzerland, has been solved and the owner is not impressed with its critics. But since the crypto market slide of 2022, there are far fewer crypto firms with flashy store fronts at Davos. CNBC asked people in the vicinity on Monday whose car it is but nobody saw who parked it.
☆ $1.4 trillion wipeout hits crypto industry at Davos — except for a lone flashy orange bitcoin car
  + stars: | 2023-01-18 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +3 min
Along the Davos Promenade in 2023 there were fewer crypto companies than in previous years after the market crash. Last year, crypto firms from all walks of life took over the place. But since the market slide, there are far fewer crypto firms with flashy store fronts at Davos. He added that the crypto firms that have remained at Davos are "substantiative projects" and "the real deals" versus things like NFTs. There were also those in traditional finance who welcomed fewer crypto firms.
☆ Anthony Scaramucci compared Sam Bankman-Fried to Bernie Madoff, and alluded to Dante's 'Inferno' as he discussed the FTX founder's downfall
  + stars: | 2023-01-17 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
Anthony Scaramucci spoke about his relationship with Sam Bankman-Fried at a Davos crypto panel. Scaramucci alluded to the circles of hell in Dante's "Divine Comedy" and compared SBF to Bernie Madoff. FTX bought 30% of SkyBridge Capital for $45 million in September 2022. The Financial Times reported that SkyBridge Capital also bought $10 million of FTX's cryptocurrency, FTT, as part of the deal's requirements. "I made a mistake being involved with Sam," Scaramucci said.
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