Tech

  • BusinessReuters

    Sam Bankman-Fried to be sentenced for multi-billion dollar FTX fraud

    Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, is set to be sentenced on Thursday over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded. Bankman-Fried, 32, faces the prospect of decades behind bars after a jury found him guilty in November on seven fraud and conspiracy counts. The hearing will mark the culmination of Bankman-Fried's downfall from an ultra-wealthy cryptocurrency entrepreneur and major political donor to U.S.

    3-min read
  • BusinessReuters

    Who is Sam Bankman-Fried, the onetime crypto mogul facing decades in prison?

    A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a cryptocurrency hedge fund, setting off a sequence of events that will culminate on Thursday with his sentencing over what federal prosecutors have called one of the biggest financial frauds in U.S. history. Prosecutors are seeking 40 to 50 years behind bars for 32-year-old Bankman-Fried, while h

    5-min read
  • BusinessYahoo Finance

    Apple's services pivot has summoned the lawyers

    With flagging iPhone sales, Apple has been pivoting to its burgeoning and successful services business. But that pivot has brought further attention to possible problems with the company's "Walled Garden" ecosystem.

    2-min read
  • TechnologyEuronews

    Sorry Elon, Grok is not open source AI. Here’s why, according to the creator of the definition

    AI companies that claim they are open source, such as Musk’s latest AI venture, open source the weights but not the data they are trained on nor the training process.

    4-min read
  • NewsBBC

    Heavy rain: Further yellow warning issued for counties Down and Antrim

    Another yellow rain warning has been issued for Down and Antrim from Thursday to Friday.

    2-min read
  • BusinessReuters

    Analysis-With Cainiao buyback, Alibaba takes aim at rivals' overseas advance

    Alibaba's plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e-commerce rivals Shein and Temu more seriously in overseas markets, analysts said. The company on Tuesday said it has decided against listing Cainiao - a year after announcing its intention to list - citing reasons such as a "depressed" share market in Hong Kong. "We see a lot of players in the market being very aggressive but in the future this

    3-min read
  • BusinessReuters

    Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion

    Shares in London-listed Spirent were up 10.6% to 198.0 pence as of 0957 GMT. Electronic equipment maker Keysight offered 201.5 pence per share, topping Viavi's 175 pence bid in early March. Spirent possesses capabilities in software, cloud, and automation technologies as next-generation communication networks including 6G become increasingly software-based, driven by advances in areas such as artificial intelligence and machine learning.

    1-min read