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Sam Bankman-Fried to be Released on $250 Million Bail

By
Aidan Ryan
· · Source: CNBC

Former FTX CEO Sam Bankman-Fried will be released on bail of $250 million, according to news reports. He’ll be released to his parents’ home in California, where he will be under “strict” supervision, the judge ordered. Bankman-Fried faces eight counts of fraud and money laundering connections for his alleged scheme to defraud investors and customers of FTX. He was arrested in the Bahamas last...

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Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
By Natasha Mascarenhas and Stephanie Palazzolo · Sept. 28, 2023 6:40 PM PDT
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company. The drop in Jasper’s internal valuation could indicate that the growth of its AI-powered writing tool for marketers has slowed since the company raised venture funding at a $1.5 billion valuation in...
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Y Combinator’s Garry Tan Goes to the Mat
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