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☆ Former Google CEO Eric Schmidt says future wars will be fought by AI drones and calls tanks 'useless'
▼ + stars: | 2024-10-30 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Eric Schmidt says drones are the future of warfare, calling the use of tanks "useless." AdvertisementEx-Google CEO Eric Schmidt said future wars will be fought by AI-powered drones, and urged the US military to do away with what he called "useless" tanks. In fact, buy 10, buy 20, buy 50, buy 100." Related Video Russian vs. Western-made tanks in the Ukraine warFor almost a decade, Schmidt has advised the US government and military on technology. AdvertisementAsked about the Russia-Ukraine conflict, Schmidt said he had been surprised by innovations in drone technology.

Persons: Eric Schmidt, Schmidt, —, He's, Sebastian Thrun, Forbes Organizations: Service, Future Investment Initiative, Department of Defense's Innovation, US National Security, Artificial Intelligence, Stanford University, Troops Locations: Ukraine, Saudi Arabia, Russia, Russian

☆ Self-harm: Why it happens and how to treat it
▼ + stars: | 2024-10-30 | by ( Kristen Rogers | ) edition.cnn.com time to read: +13 min

Editor’s Note: This story contains details of self-harm that some readers may find upsetting or triggering. She had just recently learned about self-harm after asking a friend about her many bandages and long sleeves. In 2019 there were 363,000 emergency department visits for self-harm, according to the US Centers for Disease Control and Prevention. Self-harm can also be a form of self-punishment among those feeling guilt or shame and thus like they deserve physical pain. You should of course use common sense and not let someone have their self-harm toolkit in their bedroom, for example, Whitlock added.

Persons: Megan, ” Megan —, —, ”, ” Megan, “, Megan’s, Janis Whitlock, Whitlock, Jeremy Jamieson, There’s, Vibh Forsythe Cox, Marsha M, Linehan, Cox, ” Whitlock, DBT, suicidality, don’t, ‘, ’ ” Whitlock, Whitlock doesn’t, Michele Berk, Benjamin Veness, Berk, ” “, Matt Villano Organizations: International Association for Suicide Prevention, Befrienders, CNN, Houston, Cornell Research, Cornell University, US Centers for Disease Control, University of Rochester, University of Washington, JED, Parents, Stanford University in Locations: New York, Seattle, Boston, Norway, Stanford University in California, Las Vegas, California

☆ Vera C. Rubin Observatory: World’s largest digital camera will be a ‘game-changer’ for astronomy
▼ + stars: | 2024-10-23 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

CNN —On a mountaintop in northern Chile, the world’s largest digital camera is preparing to power up. The expectation is that in this way, Vera Rubin will discover about 17 billion stars and 20 billion galaxies that we’ve never seen before — and that’s only the beginning. “We’re anticipating about 10 million alerts per night coming off the telescope,” Higgs says. “The Vera Rubin Observatory will enable astronomers to map the distribution of dark matter like never before, based on how dark matter bends the path of ordinary starlight — a process known as ‘gravitational lensing,’” Kaiser explains. “After all, it was her seminal work on the detection of dark matter in spiral galaxies in the 1970s that got this pursuit going,” says Natarajan.

Persons: Vera C, —, Vera Rubin, “, Rubin, ”, Clare Higgs, Higgs, Charles Simonyi, Bill Gates, it’s, Olivier Bonin, ” Higgs, “ We’re, There’s, David Kaiser, Kaiser, ” Kaiser, Rubin Obs, Konstantin Batygin, Kate Pattle, “ Rubin, Priyamvada Organizations: CNN, Rubin, Department of Energy’s, Science, US National Science Foundation, Accelerator Laboratory, Stanford University in, Accelerator, Survey, Netflix, Massachusetts Institute of Technology, Nine, California Institute of Technology, of Physics, Astronomy, University College London, Yale University Locations: Chile, Cerro Pachón, Chilean, Santiago, Stanford University in California, California

☆ Former Google CEO Eric Schmidt says we should go all in on building AI data centers because 'we are never going to meet our climate goals anyway'
▼ + stars: | 2024-10-06 | by ( Kenneth Niemeyer | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

AI models require enormous data centers that threaten goals to reduce carbon emissions. Schmidt said "we are never going to meet" the goals anyway, suggesting we let AI solve the problem. AdvertisementFormer Google CEO Eric Schmidt says it's time for us to fully invest in AI infrastructure because climate goals are too lofty to reach anyway. The AI boom has spurred a wave of spending on data centers, which provide the computational power needed to train and run AI models. But the surge in development comes at a price, as data centers consume huge amounts of natural resources.

Persons: Eric Schmidt, Schmidt, —, Biden, Schmidt's, Schmidt —, it's, we're Organizations: Service, McKinsey, Washington DC, National Security, Artificial Intelligence, Stanford University Locations: Washington, Ukraine

☆ Common food dye can make skin transparent in mice, study finds
▼ + stars: | 2024-09-05 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

“But when we put them together, we were able to achieve transparency of the mouse skin.”Once the dye had completely diffused into the skin, the skin became transparent. In mice, the researchers were able to observe blood vessels directly in the surface of the brain through the transparent skin of the skull. Guosong Hong/Stanford UniversityThe transparent areas take on an orangish color, Ou said, similar to that of the food dye. 5 dye, a common food coloring, was used at a low concentration in the study, and its effects were easily undone, according to the researchers. “However, a partially transparent (mouse) will already enable numerous research opportunities to answer questions relating to development, regeneration, as well as aging.”

Persons: Wells, ”, Zihao Ou, ” Ou, “, Hong, Ou, Guosong Hong, Stanford University Christopher Rowlands, Rowlands, wasn’t, Jon Gorecki, Gorecki, tartrazine Organizations: CNN, University of Texas, NSF, Stanford University in, Stanford University, US Food and Drug Administration, California, Environmental Health, Stanford, Imperial College London Locations: H.G, Dallas, Stanford University in California, California, bioengineering, Ou

☆ A summer wave of Covid-19 has arrived in the US
▼ + stars: | 2024-06-28 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +6 min

CNN —Covid-19 levels have been rising in the United States for weeks as new variants drive what’s become an annual summer surge. That’s enough time to offer protection during the winter respiratory virus season but probably after this summer’s wave has ebbed. On Thursday, the CDC recommended that everyone ages 6 months and older receive an updated Covid-19 vaccine for the 2024-25 season. Unlike flu and RSV, Covid-19 is constantly circulating; it doesn’t offer a reprieve. The changes are meant to “simplify RSV vaccine decision-making for clinicians and the public,” the agency said.

Persons: CNN —, ”, Robert Hopkins, ” Hopkins, Marlene Wolfe, “, Dr, Jerry Weir, Marcus Plescia, Plescia, Sanjay Gupta, ” CNN’s Jen Christensen Organizations: CNN, US Centers for Disease Control, CDC, National Foundation for Infectious Diseases, Stanford University, Emory University, Emory, WastewaterSCAN, FDA, Viral Products, Vaccines Research, FDA’s, Biologics, Association of State, Territorial Health, CNN Health Locations: United States, —, Covid

☆ Nvidia's CEO never schedules one-on-one meetings—unless someone specifically asks for it: ‘Then I’ll drop everything’
▼ + stars: | 2024-06-11 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Jensen Huang doesn't schedule one-on-one meetings with the people who report to him — but that doesn't mean he has no time for them. The billionaire Nvidia CEO and co-founder revealed that aspect of his managerial style during a talk at Stanford University in March. DON'T MISS: The ultimate guide to becoming a master communicator and public speakerIn Huang's case, scheduling 55 recurring one-on-one meetings could fill up a calendar quickly. A fully booked planner carries psychological ramifications, too, Yale University psychology professor Laurie Santos said at SXSW in March. To fend it off, Santos suggested going through your to-do list and figuring out which items don't actually need to be scheduled.

Persons: Jensen Huang, Huang, Steve Jobs, Jeff Bezos, Bezos, Lex, Laurie Santos, Santos Organizations: Nvidia, Stanford University, Apple, Microsoft, Yale University, SXSW, CNBC

☆ Why BORG drinks are dangerous for you
▼ + stars: | 2024-05-20 | by ( Terry Ward | ) edition.cnn.com time to read: +6 min

CNN —If you’ve been to a party lately and haven’t seen someone drinking a BORG, you’re likely not partying with college students. As the drink’s name suggests, “it’s intended to get you extremely drunk.”What Lembke calls the BORG’s “social contagion factor” makes it even more dangerous. BORG posts starring gallon jugs with punny names such as Captain Borgan, Our Borg and Savior, Borgan Donor and Borgan Wallen proliferate on TikTok. Thinking along those lines is part of what makes BORGs potentially dangerous to the people turning to them as a party drink, Lembke said. The fact that BORGS are usually sweetened with a diluting agent such as electrolyte drinks or water flavor enhancers only makes them more dangerous, she said.

Persons: you’ve, haven’t, you’re, BORG, ”, Anna Lembke, Sabrina Grimaldi, ” Grimaldi, “ it’s, “, Grimaldi, Kelly Xiong, Zers, Kelly, ” Xiong, Virginia, Borgan, Borg, Lembke, ” Lembke, It’s, who’s, Terry Ward Organizations: CNN, Capital Poison Center, Stanford University in, University of Pittsburgh, University of Massachusetts Amherst, National Institutes of Health, NIH Locations: Washington ,, Stanford University in California, millennials, Virginia, Tampa , Florida, United States, ” Florida, Tampa

☆ Study proves black holes have a ‘plunging region,’ just as Einstein predicted
▼ + stars: | 2024-05-17 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Using telescopes capable of detecting X-rays, a team of astronomers has for the first time observed this area — called the “plunging region” — in a black hole about 10,000 light-years from Earth. The study’s findings could help astronomers better understand the formation and evolution of black holes. One thing that’s missing from the study is an actual image of the black hole, because it is too small and far away. But another team of Oxford researchers is working on something even better than a picture: the first movie of a black hole. “For example, it can be used to measure the rotation rate of the black hole,” said Reynolds, who was not involved in the study.

Persons: CNN — Albert Einstein, “ We’ve, ”, Andrew Mummery, ” It’s, Einstein’s, Mummery, “, We’ve, ” Mummery, Weiss, Christopher Reynolds, Reynolds, Dan Wilkins, Wilkins, ” Wilkins Organizations: CNN, Royal Astronomical Society, Leverhulme, Peierls, University of Oxford, NASA, Space, JPL, Caltech, Oxford, University of Maryland, College, Stanford University in Locations: United Kingdom, Africa, Namibia, Stanford University in California

☆ Google and Harvard unveil most detailed ever map of human brain
▼ + stars: | 2024-05-15 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

Now, after the lab team’s decade of close collaboration with scientists at Google, that data has turned into the most detailed map of a human brain sample ever created. The result is an interactive 3D model of the brain tissue, and the largest dataset ever made at this resolution of a human brain structure. And of course, it would reveal many more problems, things we hadn’t expected.”What about mapping an entire human brain? “Much of what we think we understand about the human brain is extrapolated from animals, but research like this is critical for revealing what truly makes us human. “Each human brain is a vast network of billions of nerve cells,” said Sporns, distinguished professor of psychological and brain sciences at Indiana University.

Persons: Jeff Lichtman —, Harvard University —, ”, Lichtman, Harvard University That’s, Viren Jain, ” Jain, Jain, there’s, we’re, “, ” Lichtman, haven’t, Michael Bienkowski, ” Bienkowski, Andreas Tolias, Berger, Olaf Sporns, Sporns Organizations: CNN, Harvard University, Google, Google Research, Lichtman, Harvard, Cisco, University of Southern California’s Keck School of Medicine, “, Stanford University in, Indiana University Locations: Stanford University in California

☆ After Ohtani and Kikuchi, Japan high school toasts latest baseball prodigy
▼ + stars: | 2024-03-30 | by ( Hanako Montgomery | ) edition.cnn.com time to read: +4 min

Banners herald Los Angeles Dodgers megastar Shohei Ohtani and Toronto Blue Jays pitcher Yusei Kikuchi, their faces greeting every visitor. But now, Hanamaki Higashi High School celebrates a new prodigy in its midst – one whose high-school records beat even those of Ohtani and Kikuchi. “The presence of legends like Shohei Ohtani and Yusei Kikuchi were a huge factor as to why I got into baseball – I fell in love with the sport,” Sasaki told CNN. Now, with the emergence of three baseball stars from Hanamaki Higashi, Sasaki’s teammates swell with pride at the honor of walking the same corridors. Despite its status as a public school with a modest baseball budget, Hanamaki Higashi has impressively produced three outstanding athletes.

Persons: Shohei, Yusei Kikuchi, Hanamaki, Kikuchi, Rintaro Sasaki doesn’t, ” Sasaki, Sasaki, he’ll, ”, Hiroshi, Ohtani, Shohei Ohtani, “, Taichi Murakami, Hanamaki Higashi, it’s Organizations: Japan CNN —, Los Angeles Dodgers, Toronto Blue Jays, School, baseball, CNN, Stanford University in, Stanford, Los Angeles Angels, Angel, Kyodo, baseball’s, Dodgers, American League Locations: Hanamaki, Japan, Iwate prefecture, Stanford University in California, America, “, Anaheim , California, Higashi, Hanamaki Higashi

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ How a 25-year-old went from talking to 1,000 strangers in NYC to quitting her finance job and founding a social startup
▼ + stars: | 2024-02-08 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +5 min

"Ultimately, I spent more time home alone doing nothing than ever before," Epstein, CEO of the still-in-beta social networking app Kndrd, told Business Insider. "I spoke to a thousand strangers" — many who also felt a lack of community, companionship, or friendship, she added. But while investors may want to see viral, overnight growth for an app like Kndrd, Epstein hesitates at that strategy. "And that means me reading applications and vetting the community members and making sure that we have people who are the strongest, most high fidelity people." In the future, Kndrd also plans to incorporate AI into its user experience — something on nearly every investor's mind right now.

Persons: Isabella Epstein, Epstein, Kndrd, Tina Mai —, —, Mai aren't, Kndrd cofounders Tina Mai, Devin Kasparian Bootstrapping Organizations: Business, Stanford University, Stanford Locations: New York City, NYC, Mai, Epstein's NYC

☆ Meta and IBM launch alliance advocating 'open science' approach to AI, putting them at odds with rivals like Google and OpenAI
▼ + stars: | 2023-12-05 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Meta and IBM have launched an alliance that's calling for an "open science" approach to AI development. Facebook parent Meta and IBM on Tuesday launched a new group called the AI Alliance that's advocating for an "open science" approach to AI development that puts them at odds with rivals Google, Microsoft and ChatGPT-maker OpenAI. AdvertisementPart of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Biden's order described open models with the technical name of "dual-use foundation models with widely available weights" and said they needed further study.

Persons: —, they're, That's, Darío Gil, Alliance —, Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, Oppenheimer, Camille Carlton, Yann LeCun, LeCun, fearmongering, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Meta, IBM, Google, Microsoft, Service, Tech, Alliance, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

These two diverging camps — the open and the closed — disagree about whether to build AI in a way that makes the underlying technology widely accessible. "So it’s not like a thing that is locked in a barrel and no one knows what they are.”Political Cartoons View All 1277 ImagesWHAT'S OPEN-SOURCE AI? Part of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Weights are numerical parameters that influence how an AI model performs.

Persons: they’re, That's, ”, Darío Gil, Alliance —, ” Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, “, Oppenheimer ’, Camille Carlton, Yann LeCun, LeCun, fearmongering, ” LeCun, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Tech, Meta, IBM, Alliance, Google, Microsoft, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

The tech giant said Tuesday it will launch Q — a business chatbot powered by generative artificial intelligence. San Francisco startup OpenAI’s release of ChatGPT a year ago sparked a surge of public and business interest in generative AI tools that can spit out emails, marketing pitches, essays, and other passages of text that resemble the work of humans. Amazon said Tuesday that Q can do things like synthesize content, streamline day-to-day communications and help employees with tasks like generating blog posts. It said companies can also connect Q to their own data and systems to get a tailored experience that's more relevant to their business. While Amazon is ahead of rivals Microsoft and Google as the dominant cloud computing provider, it’s not perceived as the leader in the AI research that’s led to advancements in generative AI.

Persons: who’ve, they’ve, it’s, that’s, Amazon Organizations: Microsoft, Google, Amazon, Stanford University, Stanford, OpenAI Locations: Las Vegas, Francisco, ChatGPT, San Francisco

☆ Exclusive: This pizza box-sized equipment could be key to Ukraine keeping the lights on this winter
▼ + stars: | 2023-11-21 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +10 min

Officials from multiple US agencies played a quiet role in getting the Cisco equipment into Ukraine, sources say. In this undated photo, an employee at Ukraine’s state-owned grid operator, Ukrenergo, works on the power grid. As the world’s largest maker of computer networking equipment, Cisco had resources to spare. The switch allows an electric substation – which has the crucial task of converting power from high to low voltage – to communicate with other parts of a power grid. Years of Russian attacks on Ukraine’s gridBehind the scenes, US officials are often coordinating the delivery of key technology to Ukraine.

Persons: CNN —, Illia Vitiuk, Biden, Palantir, Ukrenergo, Joe Marshall, intently, Marshall, he’d, ”, ” Marshall, Taras Vasyliv, ” Vasyliv, Andrew Kravchenko, Vasyliv, Ukraine “, ” NERC Organizations: CNN, Engineers, Cisco, US Air Force, Washington, SpaceX, Microsoft, Pentagon, Department of Energy, Department of Commerce, Stanford University, GPS, Cisco’s, Ukrenergo, Bloomberg, Getty, GRU, US Department of Defense, Department of Homeland Security, Department of Locations: Austin , Texas, Ukraine, Russian, Stanford, Russia, Ukrainian, Denver, Ukraine’s, Kyiv, Silicon Valley, Alabama, East Coast, Germany, Rzeszów, Poland, California, ”, North America

Located just north of Miami Beach, the Shul of Bal Harbour is in the heart of South Florida's Jewish community. If Florida is to regain its status as a perennially competitive state, how Jewish voters perceive Biden's handling of the Israel-Hamas war will be critical. In South Florida, rabbis and community leaders are pushing their congregations to call their lawmakers and insist they back Israel as it ramps up its offensive. About 43% of Florida's Jewish voters supported Donald Trump in the 2020 presidential election, compared with 30% of Jewish voters who supported him nationwide, according to AP VoteCast. Ron DeSantis won 45% of Jewish voters in his re-election, when he flipped traditionally Democratic Miami-Dade County while also winning a majority of Latino voters statewide.

Persons: Ron DeSantis, Joe Biden's, ”, Georg Lipsztein, Donald Trump, he’s, Debbie Wasserman Schultz, Biden, “ I’ve, Israel, Eric, Jacob Solomon, “, Lauren Book, Rabbi Andrew Jacobs, ” Jacobs, Julio Frenk, Nicole Segal Organizations: Florida Gov, Republican, Gaza, Democratic, Miami, U.S, Rep, GOP, Florida International University, East Institute, AP VoteCast ., AP VoteCast . Florida Gov, Democratic Miami, Brandeis University, Greater Miami Jewish Federation, Israel Zionist, Florida State Senate, Associated Press, Stanford University, Cornell University, University of Miami, Israel Locations: SURFSIDE, Florida, Miami Beach, Bal Harbour, South, Israel, South Florida, DeSantis, Dade County, Fort Lauderdale, Michigan, Gaza, Washington, AP VoteCast . Florida, Miami’s, Pompano Beach, Central, South America, U.S, North America, Ramat, United States, California, New York

☆ NASA missions spy celestial features that resemble a ghostly hand and eerie face
▼ + stars: | 2023-10-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +3 min

CNN —The cosmos is full of mysteries waiting to be solved, and some of them appear especially eerie with the arrival of Halloween. A haunting “face” on Jupiter and a ghostly, skeletal hand-shaped nebula are just a couple of creepy celestial features recently spotted by NASA missions. Jupiter's swirling atmosphere appears to include a face in this image taken by JunoCam. The nebula, known as MSH 15-52, is located about 16,000 light-years from Earth. NASA’s Chandra X-ray Observatory observed the pulsar, known as PSR B1509-58, for the first time in 2001.

Persons: Vladimir Tarasov, Juno, Wilhelm Röntgen, Chandra, ’ ”, Roger Romani Organizations: CNN, NASA, JunoCam, JPL, Caltech, Astrophysical, Stanford University in Locations: —, Stanford University in California

☆ Silicon Valley CEO gets 8-year prison sentence in case over blood-testing company that gives off Elizabeth Holmes-Theranos vibes
▼ + stars: | 2023-10-19 | by ( Associated Press | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The CEO of medical testing company Arrayit was sentenced to 8 years in prison on Wednesday. Schena's case is similar to Elizabeth Holmes', who was sentenced to prison for defrauding investors in Theranos. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In meetings with investors, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit could be valued at $4.5 billion, prosecutors said.

Persons: Arrayit, Elizabeth Holmes, —, Mark Schena, Schena, Holmes, State Henry Kissinger, George Shultz, Richard Kovacevich, William H, Foege, San Organizations: Service, US Department of Justice, Arrayit Corporation, Stanford University, SEC, State, Wells, Centers for Disease Control Locations: Theranos, Sunnyvale , California, San Jose , California, Texas

Mark Schena, 60, was convicted last year of paying bribes to doctors and defrauding the government after his company billed Medicare $77 million for fraudulent COVID-19 and allergy tests, the U.S. Department of Justice said in a statement. Schena claimed his Sunnyvale, California-based company, Arrayit Corporation, had the only laboratory in the world that offered “revolutionary microarray technology” that allowed it to test for allergies and COVID-19 with the same finger-stick test kit, prosecutors said. In meetings with investors, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit could be valued at $4.5 billion, prosecutors said. Holmes was convicted on four felony counts of investor fraud following a nearly four-month trial in the same San Jose, California, courtroom where Schena’s trial was held. In May, Holmes entered a Texas prison where she could spend the next 11 years.

Persons: Mark Schena, Schena, Elizabeth Holmes, Holmes, San Organizations: JOSE, Calif, U.S . Department of Justice, Arrayit Corporation, Stanford University Locations: Sunnyvale , California, San Jose , California, Texas

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

☆ Victor R. Fuchs, ‘Dean’ of American Health Care Economists, Dies at 99
▼ + stars: | 2023-09-21 | by ( Clay Risen | More About Clay Risen | ) www.nytimes.com time to read: +1 min

Victor R. Fuchs, whose comprehensive grasp of the challenges facing the United States health care system, and eloquence in explaining those challenges to policymakers and the general public, made him what many called the “dean” of American health care economists, died on Saturday at his home on the campus of Stanford University in Palo Alto, Calif. Dr. Fuchs was best known for a slim, erudite book published in 1975 with the attention-grabbing title “Who Shall Live? Health, Economics and Social Choice.” He was among the first to articulate in clear, layman’s prose why the United States was in the midst of rapidly rising health care costs, while costs in other countries stayed manageable. The book has become required reading among physicians, health economists and anyone interested in the knotty issue of American health care, and it has never been out of print. Dr. Fuchs showed that the real problem facing the country was not health care coverage but health care costs; America, he wrote, was spending more and more without achieving better health outcomes.

Persons: Victor R, Fuchs, Fred Organizations: Stanford University, Health Locations: United States, Palo Alto, Calif, America

☆ Stanford University says it will return the 'entirety' of millions of dollars in gifts it received from bankrupt crypto firm FTX
▼ + stars: | 2023-09-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Stanford University has said it plans to return millions of dollars in gifts it received from FTX. According to a lawsuit, the university received $5.5 million from the now-bankrupt crypto firm. Co-founder Sam Bankman-Fried's parents both held teaching roles at the prestigious California university. A spokesperson for Stanford University responded to the lawsuit in an emailed statement to Bloomberg: "Stanford received gifts from the FTX Foundation and FTX-related companies largely for pandemic-related prevention and research." AdvertisementAdvertisementInsider contacted Stanford University for comment but did not immediately hear back outside of regular working hours

Persons: Sam Bankman, — Allan Joseph Bankman, Barbara Fried, Bankman, Stanford, Fried Organizations: Stanford University, Service, Bloomberg News, CNN, Stanford, FTX Group, Bloomberg, FTX Foundation, FTX, Alameda Research Locations: FTX, California, Wall, Silicon, Bahamas, Brooklyn

☆ Sam Bankman-Fried's dad emailed his son that he didn't know 'what to say' after finding he'd be paid $200,000 instead of $1 million by FTX — then looped in SBF's mom, lawsuit claims
▼ + stars: | 2023-09-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's dad was not happy about his $200,000 salary at now-bankrupt crypto firm FTX, a lawsuit claims. In emails cited in the lawsuit, Joseph Bankman said he believed he would be paid $1 million by FTX. He then looped in Barbara Fried, his partner and Bankman-Fried's mom. Bankman and Fried enjoyed the benefits of more than $90,000 in expenses, paid for by FTX Trading, for their Bahamas residence." FTX group and Bankman-Fried's trading firm Alameda Research filed for bankruptcy in November 2022 with the founder stepping down from his role as CEO.

Persons: Sam Bankman, Joseph Bankman, Barbara Fried, FTX, Bankman, Fried, Gee, Sam, Barbara, Sean Heckler, Michael Tremonte, Joe Organizations: FTX, Service, Alameda Ltd, Stanford University, Alameda Research Locations: Wall, Silicon, FTX, Alameda, Bahamas

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