Sam Bankman-Fried, co-founder and CEO of crypto exchange FTX, acquired a 7.6% stake in retail brokerage firm Robinhood, he disclosed in a securities filing. The filing showed Bankman-Fried had accumulated the stake over the past two months, as Robinhood stock slumped sharply amid a broader market sell-off that has also hurt its business. Robinhood in late April reported a 43% drop in revenue...
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Don’t Build the Wrong Kind of AI Business
At a catch-up coffee a few weeks ago, a founder friend asked me, “What AI thing should we build?” It was the third time that week a founder had asked me the same question. Generative artificial intelligence is 99% of the buzz in Silicon Valley right now. In just the last few weeks, Open AI released GPT-4, its most advanced language model to date; Google announced AI for the...
Apple Launches “Pay Later” Installment Loans
Sam Bankman-Fried Charged With Paying $40 Million to Bribe Chinese Official
Amazon Opens ‘Sidewalk’ Wireless Network to Outside Developers
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