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☆ EV sales have hit a speed bump. Using AI to improve their batteries could get more people back in the driving seat.
▼ + stars: | 2024-06-29 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Chemix is using machine-learning algorithms to develop EV batteries that can charge more quickly, hold more energy, and last longer than current EV power units. Koeller said the primary advantage of using AI to design EV batteries is that it dramatically speeds up the process. Better EV batteriesDesigning EV batteries is a three-step process, Georgia Tech assistant professor Micah Ziegler told BI. The solid-state electrolyte they discovered relies less on lithium, an increasingly rare resource that forms the core of today's EV batteries. Mueller said that PNNL's collaboration with Microsoft has convinced him that generative AI could have applications far beyond speeding up EV battery design.

Persons: —, Jason Koeller, Koeller, Micah Ziegler, Ziegler, Karl Mueller, Mueller, it's Organizations: Service, Business, EV, Georgia Tech, BI, Pacific Northwest National Laboratory, Microsoft Locations: California

☆ VCs clamor to invest in the red-hot early-stage round for AI safety startup Haize Labs
▼ + stars: | 2024-06-29 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewHaize Labs, an AI safety startup, is raising an early-stage round that investors are clamoring to invest in, Business Insider has learned. However, for hot startups, there can be more investor demand than a startup can accommodate, as with Haize Labs' round. One source indicated that Haize Labs received term sheets with valuations ranging from $30 million to over $100 million. Haize Labs is building automated red-teaming and stress-testing algorithms to identify risks in AI models and agents. AI safety has increasingly become a concern, especially as AI usage increases among both consumers and enterprises.

Persons: —, Leonard Tang, VentureBeat, OpenAI, Sama, Steve Li, Richard Liu, Tang Organizations: Service, Business, Haize, Haize Labs, Soma, Google, Netflix, Harvard, Carnegie Mellon, Washington Post

☆ A third of sharks are threatened with extinction. Here’s what one man is doing to help
▼ + stars: | 2024-06-28 | by ( Amy Chillag | ) edition.cnn.com time to read: +7 min

The International Union for the Conservation of Nature reports 35% of all shark species are threatened with extinction. The primary reason is overfishing; shark meat and fins are highly sought. That research has helped expand the number of shark species now regulated by CITES. Cardeñosa said when he got started in the field, there were only five or six shark species regulated by the CITES agreement. How you can help sharksOne of the easiest ways to help sharks and all marine life is to try to consume seafood from sustainable sources.

Persons: Florida CNN — Diego Cardeñosa, ”, Cardeñosa, Demian Chapman, Isaac Lawrence, they’ve, Diego Cardeñosa, Diego Cardeñosa Cardeñosa, ” Cardeñosa, “ Organizations: Florida CNN, International Union for, Nature, Fisheries, ”, Florida International University, International Trade, Fauna, FIU, Getty, Criminal Investigation, Interpol, CITES, Aquarium Seafood, FIU Foundation Locations: Miami, Florida, Colombia, Europe, South America, Hong Kong, Latin America, AFP, Sri Lanka, Spain, Belize, Panama, Ecuador, Peru, Brazil, China, Eastern, Baja , California, Central, Monterey

☆ MoviePass CEO: The sooner you learn to embrace failure, 'the faster you get to what works'
▼ + stars: | 2024-06-28 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

He says it has been "remarkable to have the opportunity" to build the company back up. "It's almost biblical, it doesn't happen," Spikes tells CNBC Make It. "There's a few folkloric experiences like Steve Jobs returning to Apple or Michael Dell returning to Dell Computers when the companies were in trouble. I think MoviePass is the first time where the company had shut its doors and went down to zero, operationally." "It shows you you weren't crazy for what you were trying to build," he tells Make It.

Persons: Stacy Spikes, MoviePass, Spikes, Steve Jobs, Michael Dell Organizations: CNBC, Apple, Dell Computers, Comcast's, Labs, Spikes

☆ 11 VC firms funding the next phase of the creator economy, from AI-powered tools to e-commerce startups
▼ + stars: | 2024-06-28 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +4 min

And things are beginning to look up again for creator startups. It touches the creator economy as startups develop ways to augment and potentially replace humans in accomplishing some creative tasks. He added that Inspired talks closely with brands and creators to hear what products and startups are exciting, which helps guide the firm's investments. Business Insider is highlighting 11 VC firms and their partners who are focused on finding the next wave of promising creator-economy startups. We looked at each firm's investments in the past year to understand how they funded new ideas in the creator industry.

Persons: —, Goldman Sachs, upstarts, Rex Woodbury, Woodbury, that's, Chad Hurley, Chamberlain, Chamberlain Coffee, Capital's Kamran Ali, ShopMy's Organizations: Service, BEN Labs, Business, Daybreak Ventures, YouTube, Blazar, United Talent Agency, BI Locations: Woodbury, VCs

☆ Asteroid Bennu has a surprisingly watery past, researchers say
▼ + stars: | 2024-06-27 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —An early analysis of a sample collected from the asteroid Bennu suggests that the space rock had an unexpectedly water-rich past — and it may have even splintered off from an ancient ocean world. But the compound from the Bennu sample is purer and has larger grains. Rocks and dust were collected from asteroid Bennu and returned to Earth by the OSIRIS-REx mission. Erika Blumenfeld/Joseph Aebersold/NASA“The sample we returned is the largest reservoir of unaltered asteroid material on Earth right now,” Lauretta said. “Each week, analysis by the OSIRIS-REx Sample Analysis Team provides new and sometimes surprising findings that are helping place important constraints on the origin and evolution of Earth-like planets.”

Persons: REx, ”, Jason Dworkin, OSIRIS, Connolly, Dante Lauretta, “, Erika Blumenfeld, Joseph Aebersold, ” Lauretta, Nick Timms, Harold Connolly Jr Organizations: CNN, NASA, Planetary, Goddard Space Flight, Japan Aerospace, Earth, University of Arizona, Bennu, Curtin University’s School of, Planetary Sciences, Rowan University’s School of Earth Locations: Greenbelt , Maryland, Tucson, Glassboro , New Jersey

☆ A US diplomat says US colleges need more Chinese students to enroll — but in the arts, so they can be walled off from accessing sensitive tech
▼ + stars: | 2024-06-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

But he added that the US does need more Chinese students, too — just not in STEM. AdvertisementHe also cited security concerns about letting Chinese students access sensitive technology. But even now, Chinese students say that they have been facing extra scrutiny while entering the US. The Washington Post, citing online discussion forums, reported in March that Chinese students were questioned for hours at US border controls, or had their visas canceled without valid reasons. In April, the Senate passed a bill that, if signed into law by President Joe Biden, will force Chinese tech company Bytedance to sell video site TikTok.

Persons: —, Kurt Campbell, Campbell, There's, Trump, Donald Trump, Joe Biden, Campbell didn't Organizations: Service, of Foreign Relations, Business, Trump, China Initiative, Department of Justice, Washington, Institute of International Education, American, Apple, Counterpoint Research, Huawei Locations: United States, China

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin drops to $60,000 level to start the week: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chen Arad, Solidus Labs co-founder, weighs in on what Consensys' announcement that the SEC was dropping its investigation into the firm and the Ethereum network means for adoption of the network.

Persons: explainers, Chen Arad Organizations: CNBC Crypto, CNBC, Solidus Labs, SEC

☆ AI company behind viral ‘BBL Drizzy’ fake Drake diss track gets sued
▼ + stars: | 2024-06-24 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —A group of major record labels is suing two AI startups, alleging they wrongfully used popular artists’ work to train their systems to produce copyrighted music without their consent. Udio is the company behind “BBL Drizzy,” the AI-generated song that went viral last month during the Kendrick Lamar and Drake spat. Udio was founded last year by former Google DeepMind researchers to make it “easy for anyone to create emotionally resonant music in an instant,” according to the company. The platform, which allows users to create songs with only a few prompts, relies on OpenAI’s ChatGPT for lyrics and title development. Udio and Suno did not immediately respond to a request for comment.

Persons: Warner Records –, Udio, Kendrick Lamar, Drake, Suno, Mitch Glazier, ”, Billie Eilish, Kacey Musgraves, J Balvin, Jon Bon Jovi, Jonas, Katy Perry, Miranda Lambert, CNN’s Jordan Valinsky Organizations: CNN, Recording Industry Association of America, Sony Music Entertainment, Warner Records, Labs, BBL, Google, RIAA, Rights Alliance

☆ Satellite images show apparent mock-ups of US fifth-gen fighter jets and a runway with blast marks and craters in a Chinese desert
▼ + stars: | 2024-06-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewSatellite images show what appear to be mock-ups of fifth-generation US aircraft, among other aircraft, out in a Chinese desert. Satellite image from April 19, 2024, show Chinese mock-ups of US aircraft in the Taklamakan Desert. Scorch marks and craters are evident at one end of the apparent runway, and some of the aircraft mock-ups appear wrecked. Satellite image from June 28, 2021, show Chinese mock-ups of US aircraft in the Taklamakan Desert. AdvertisementA satellite image of an apparent US Arleigh Burke class destroyer in the Taklamakan Desert, photographed January 1, 2024.

Persons: —, Africk, BjTHpgEWQI, Gerald R, Arleigh Burke Organizations: Service, Business, Planet Labs PBC, . Planet, American Enterprise Institute, Air, PLA Air Force, . Planet Labs PBC, Planet Labs PBC China, Ford, Alxa League Locations: China, Taklamakan, Xinjiang

☆ Upgrades to keep the US military's oldest bombers — its B-52s — flying for a century are running into delays and rising costs, watchdog finds
▼ + stars: | 2024-06-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

AdvertisementThat's three years later than the Air Force planned to have the re-engined planes operating. U.S. Air Force photo by Tech. A U.S. Air Force B-52H Stratofortress assigned to the 20th Expeditionary Bomb Squadron at Barksdale Air Force Base, Louisiana, arrives on the flightline August 4, 2023, as part of a Bomber Task Force mission at Andersen Air Force Base, Guam. The Air Force plans to keep the planes in service until 2050, almost 100 years after the first B-52 entered service. The Air Force continues to rely on the B-52s for long-range strategic bomber missions, even though they lack the speed of the B-1 Lancers and the stealth of the B-2 Spirits.

Persons: —, Joshua J, Garcia, Nia Jacobs Organizations: Service, US Air, Business, Air Force, Royce, Pilots, 2nd Bomb, RAF Fairford, U.S . Air Force, Tech, Inside Defense, Department of Defense, 20th Expeditionary Bomb, Barksdale Air Force Base, Bomber Task Force, Andersen Air Force Base, The Air Force, Lancers Locations: United Kingdom, Louisiana, Guam, U.S, Arizona

☆ Here's our first-quarter earnings report card for 32 stocks in the portfolio
▼ + stars: | 2024-06-21 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. Similar to prior quarters, we grouped company results into one of four categories. Meta Platforms : Sales, earnings and cash flow results all topped expectations . However, sales and earnings both outpaced expectations, as did return on tangible common equity, a key consideration when valuing banks. The company also raised its outlook for full-year earnings growth to 25% year-over-year from 20%.

Persons: we're, Dover, Eli Lilly, Blackwell, Abbott, —, Wall, We'll, Morgan Stanley, Nikesh, Stanley Black, Wells, Estee Lauder, Fabrizio Freda, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Investing, Apple, Services, Broadcom, VMware, Coterra, DuPont, Microsoft, Nvidia, Wynn Resorts, Super, Abbott Labs, Web Services, Constellation Brands, Constellation, Ford, Ford Pro, Wall Street, Alto Networks, Procter & Gamble, TJX, GE Healthcare, Honeywell, Linde, Jim Cramer's Charitable, CNBC Locations: Dover, China, Eaton, Las Vegas, China's Macao, billings, Wells Fargo, —

That's pushed tech heavyweights and Club names such as Apple , Nvidia , Microsoft and Broadcom higher and the S & P 500 to record highs along with them. The market-cap weighted S & P 500, which we report on all time, has gained more than 4% since May 30. But, a version of the index that assigns each company the same influence, known as the S & P 500 Equal-Weight , has advanced only around 1%. The divergence helps explain why our trusted momentum indicator, the S & P Short Range Oscillator , has been closer to oversold territory than overbought during the run higher. Recent years haven't been so kind to them, with the stock underperforming the S & P 500 considerably over the past three years.

Persons: That's, Morgan Stanley, Wells, Banks, Abbott, We've, Lingo, Stanley Black, Decker, DuPont, DuPont —, Ed Breen, Lori Koch, Vimal Kapur, Jim Cramer, Darius Adamczyk, haven't, Jim Cramer's, Jim, Johannes Eisele Organizations: Apple, Nvidia, Microsoft, Broadcom, Wall Street, Federal, Abbott, Abbott Labs, Mizuho Securities, DuPont, Honeywell, Systems, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Wall, Afp, Getty Locations: Dover, Wells Fargo, Missouri, Abbott's, U.S, Decker, New York City

☆ Opinion | Where the World Plans to Test Nuclear Weapons Next
▼ + stars: | 2024-06-20 | by ( Kathleen Kingsbury | ) www.nytimes.com time to read: +1 min

A nuclear weapon doesn’t need to be used in war to have lasting impact. More than 2,000 such weapons were tested during the 20th century, leaving behind generational fallout that affects human beings, public health and the environment. Hennigan details in his latest for Times Opinion’s “At the Brink” series, the United States, Russia and China are all modernizing their testing facilities. None of the nations have conducted an underground nuclear test since they all signed the 1996 Comprehensive Nuclear Test Ban Treaty. But the United States and China never ratified the document into force, and Russia rescinded its ratification in November, a step backward for international arms control.

Persons: Times Opinion’s, James Martin Organizations: Times, Planet Labs PBC, James, James Martin Center, Nonproliferation Studies, Middlebury Institute of International Studies Locations: United States, Russia, China

☆ YouTube sensation Caspar Lee on why he quit the platform to build a business empire
▼ + stars: | 2024-06-20 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +5 min

30-year-old Caspar Lee was once a YouTube megastar and is now a serial entrepreneur. Caspar LeeCaspar Lee belongs to a crop of content creators who found early success on YouTube back in the 2010s, commanding millions of views on the platform. Lee said his first venture into entrepreneurship was when in 2017 he co-founded the influencer marketing company Influencer.com, alongside Ben Jeffries. Lee co-founded a venture capital firm Creator Ventures with his cousin Sasha Kaletsky in 2022. Caspar LeeThereafter, Lee co-founded Proper Living — accommodation in Cape Town for students and young professionals.

Persons: Caspar Lee, Caspar Lee Caspar Lee, Zoe Sugg, Marcus Butler, Joe Sugg, Ed Sheeran, Justin Timberlake, Anna Kendrick, Kevin Hart, Lee, Goldman Sachs, they're, Ben Jeffries, Joe Suggs, Sasha Kaletsky, Caspar Lee Thereafter, I've, Influencer.com, Sasha Kaletsky —, Kaletsky, shouldn't Organizations: YouTube, CNBC, Google, MVE, IMG, Endeavor Group, Ventures, Forbes, Bridgepoint, Labs Locations: England, Knysna, South Africa, American, Cape Town, Europe, London

☆ Microplastics found in penis muscle for the first time. It could be linked to erectile dysfunction.
▼ + stars: | 2024-06-19 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

"Penis being such a vascular organ, similar to the heart, we said, 'Hey, could this also be present in the penis?'" What he's found, while still preliminary, is that microplastics are present in some penises experiencing erectile dysfunction (ED). Ramasamy wanted to know whether microplastics might physically impact penis muscle function. The most abundant plastic in the penises was polyethylene terephthalate, or PET, a common plastic used in food packaging including plastic bottles and takeout containers. He's not getting a lot of the takeout that often comes in plastic-lined containers, and he's not drinking from plastic-lined coffee cups or plastic water bottles very often.

Persons: —, Ranjith Ramasamy's, he's, Peter Dazeley, microplastics, It's, Ramasamy, He's, it's, Carol Yepes, Richard Pilsner Organizations: Service, Business, International, University of New, Wayne State University Locations: Miami, University of New Mexico

☆ Psychology student did a daily act of kindness for 108 days: ‘My life was better in just about every way’
▼ + stars: | 2024-06-18 | by ( Kasley Killam | In Kasleykillam | ) www.cnbc.com time to read: +8 min

The question was a precursor to my graduate work, and the next decade of my career, promoting community, belonging, and social health in society. In the experiment, acts of kindness would be my daily beads and mantra, reminding me to set out each morning with the intention of connecting. After 108 days of prioritizing connection, my life was better in just about every way you can imagine. Kasley Killam, MPH, is a leading expert in social health and author of "The Art and Science of Connection: Why Social Health is the Missing Key to Living Longer, Healthier, and Happier." She's a graduate of the Harvard School of Public Health, sought-after advisor and keynote speaker, and founder of Social Health Labs.

Persons: I'd, Kasley, Harvard —, I'm, League baseballs, Penelope, Homer's, he'd, She's Organizations: Queen's University, Harvard, League, Health, Harvard School of Public Health, Social Health Labs, Google, U.S . Department of Health, Human Services, Economic Locations: Canada, Nepal, laundromats, Vancouver, Toronto

☆ Meta poised for another breakout, according to the charts
▼ + stars: | 2024-06-18 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Meta (META) is about 5% from all-time highs and technically set up for a move to break to a new record. Since then during its 'year of efficiency' free cash flow has been built back to about $11-$13 billion per quarter for a yearly cash flow of about $50 billion. Meta is already making significant progress as its AI-generated content recommendation systems on Instagram Reels has made sharing among users increasingly popular. Analysts are expecting Meta to grow earnings by 14% for the next two years and revenues by about 12%. -Todd Gordon, founder of Inside Edge Capital, LLC DISCLOSURES: (Gordon owns META personally and in his wealth management company Inside Edge Capital Management, LLC Charts.)

Persons: we've, Todd Gordon, Gordon Organizations: Inside Edge, Reality Labs, Meta, Nvidia, Apple, Alpha, Inside Edge Capital Management

☆ Putin arrives in North Korea for first visit in 24 years as anti-West alignment deepens
▼ + stars: | 2024-06-18 | by ( Simone Mccarthy | Anna Chernova | ) edition.cnn.com time to read: +9 min

Following his visit to North Korea, Putin is scheduled to travel to Hanoi in a display of Communist-governed Vietnam’s ties to Russia that is likely to rankle the United States. Putin’s trip to North Korea will have a “very eventful” agenda, his aide Yuri Ushakov said during a press conference Monday. One image was of a grandstand being constructed on the eastern side of Kim Il Sung Square, the site where all major parades in North Korea are held. Putin arrives in North Korea on Tuesday, June 18. But Russia’s apparent increasing reliance on North Korea and rising frictions with the West appear to have shifted that dynamic.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Yuri Ushakov, Ushakov, Kim Il, John Kirby, Biden, wasn’t “, ’ Kim, ” Kim, ”, Volodymyr Zelensky, Putin’s, Defense Lloyd Austin, “, ” Putin, Kim Jong Il, Xi Jinping, Michael Mitsanas, Katharina Krebs, Mariya Knight, Yoonjung Seo, Betsy Klein, Paul P, Murphy Organizations: CNN, TASS, Putin, Planet Labs, Maxar Technologies, US, North Korean, North, South Korea’s, Chiefs of Staff, West, Ukrainian, Kyiv, NATO, Ukraine, Defense, Kremlin, United Nations Security, UN Locations: North Korea, Pyongyang, Ukraine, Korean, Korea, Hanoi, Russia, United States, Asia, Moscow, North, Zarubinreporter, South Korea, South, Russia’s, Eurasia, Italy, Kyiv, Russian, Vietnam, Beijing, China, Iran, South Africa, Brazil

☆ Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more
▼ + stars: | 2024-06-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock's 1-for-20 reverse stock split took effect. The company also announced that Brenda Morris, who served as interim CEO, will remain on its board of directors. Autodesk — Shares gained more than 6% following activist fund Starboard Value taking a $500 million stake in the software company. The company beat earnings and revenue estimates for the second fiscal quarter last week, and it announced a 10-for-1 stock split. Chipotle — The restaurant chain's stock rose nearly 3% ahead of the company's 50-for-1 stock split , which is how it will begin trading at the market open on June 26.

Persons: Mark King, Brenda Morris, BTIG, Goldman Sachs, Corning, Fox, Chipotle, —, Alex Harring, Yun Li Organizations: Virgin Galactic, AMC Networks, Autodesk —, Broadcom, Shattuck Labs, Louisiana - Pacific, TDK, Apple, UBS, Fox Advisors Locations: Louisiana

☆ Stocks making the biggest moves premarket: Best Buy, Toll Brothers, Autodesk and more
▼ + stars: | 2024-06-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: Toll Brothers — The homebuilder gained 1.3% after Goldman Sachs upgraded it to neutral from sell. Best Buy — Shares rose more than 3% following a UBS upgrade to buy from neutral. Autodesk — The software company added 4% on news that activist fund Starboard Value has taken a $500 million stake in the company. Shattuck Labs — The biotechnology stock slipped 1% following a BTIG downgrade to neutral from buy. Goldman Sachs downgraded shares to sell from neutral, citing macroeconomic and competitive pressures.

Persons: Goldman Sachs, Goldman, BTIG, —, Alex Harring, Sarah Min, Scott Schnipper Organizations: UBS, Autodesk, AMC Networks, Labs, Louisiana - Pacific Corporation, Broadcom Locations: Louisiana

☆ McDonald's to end AI drive-through test with IBM
▼ + stars: | 2024-06-17 | by ( Kate Rogers | ) www.cnbc.com time to read: +4 min

The drive-through menu at a McDonald's restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. The fast-food giant will end a test run of its AI drive-through technology partnership with IBM in more than 100 restaurants. In a statement, McDonald's told CNBC it is not ruling out potential AI drive-through plans in the future, even though it ended the IBM partnership. In statement, IBM said it will work with McDonald's on "a variety of other projects" as the test ends. While McDonald's AI plans for the future are unclear, all eyes will be on Alphabet 's Google.

Persons: Mason Smoot, McDonald's, Sundar Pichai, Peter Saleh, Saleh Organizations: IBM, CNBC, McDonald's, Yum Brands, Mastercard, Google Locations: Buttonwillow, Kern County , California, Del Taco, Barcelona

☆ From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
▼ + stars: | 2024-06-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +14 min

This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.

Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, –, Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, …, Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance

☆ OpenAI adds former NSA chief to its board
▼ + stars: | 2024-06-13 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI on Thursday announced its newest board member: Paul M. Nakasone, a retired U.S. Army general and former director of the National Security Agency. Nakasone was the longest-serving leader of the U.S. Cyber Command and chief of the Central Security Service. The company said Sarah Friar, previously CEO of Nextdoor and finance chief at Square, is joining as chief financial officer. OpenAI also hired Kevin Weil, an ex-president at Planet Labs, as its new chief product officer. Weil was previously a senior vice president at Twitter and a vice president at Facebook and Instagram.

Persons: Paul Nakasone, OpenAI, Paul M, Nakasone, OpenAI's, Adam D'Angelo, Larry Summers, Bret Taylor, Sam Altman, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Siri, Sarah Friar, Friar, Kevin Weil, Weil Organizations: National Security Agency, Intelligence, Capitol, U.S . Army, U.S . Cyber Command, Central Security Service, Security, Sony, Monday, Apple, Planet Labs, Twitter, Facebook Locations: Washington, U.S

The investor pitch claimed GM had already committed to an investment, along with the Menlo Park-based VC firm Tribe Capital. "GM agreed to let us collect the ground truth data in their factories," Foundation said in the document. "GM has never invested in Foundation Robotics and has no plans to do so," spokesman Darryll Harrison said in an emailed statement. The contents of the document were confirmed by someone with direct knowledge of Tribe Capital. Tribe Capital and its cofounder Sethi declined to comment, while Pathak didn't respond to messages seeking comment.

Persons: General Motors —, Darryll Harrison, cofounders, Mike LeBlanc, LeBlanc, Sankaet Pathak, Arjun Sethi, Sethi, Pathak Organizations: Synapse, General Motors, Robotics Labs, CNBC, GM, Menlo, Tribe, Foundation, Foundation Robotics, Robotics, New Foundation Foundation, Cobalt Robotics, McKinsey, Tribe Capital Locations: Mexico

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