Mr. Bankman-Fried and his colleagues spent more than $530 million to battle what they saw as the dangers of artificial intelligence. Now those efforts are reeling. Story Published at: December 1, 2022 at 10:00AM Continue Reading…
How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I.
Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange. Story Published at: December 1, 2022 at 06:30AM Continue Reading…
What Stage of Capitalism Is Sam Bankman-Fried?
FTX’s $32 billion valuation was a fantasy, but nobody bothered to look at it closely. Story Published at: November 21, 2022 at 08:00PM Continue Reading…
Investors Who Put $2 Billion Into FTX Face Scrutiny, Too
Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached. Story Published at: November 11, 2022 at 07:39PM Continue Reading…
A Reckoning Awaits FTX
After a rescue deal collapsed, the cryptocurrency exchange is scrambling for a lifeline, as investors and customers prepare to fight for their money. Story Published at: November 10, 2022 at 12:57PM Continue Reading…
Silicon Valley’s Unbridled Euphoria Runs Into Economic Reality
Once-buzzy start-ups had held out against the new reality that the good times are over. No longer. Story Published at: October 29, 2022 at 10:00AM Continue Reading…
A Coming-Out Party for Generative A.I., Silicon Valley’s New Craze
A celebration for Stability AI, the start-up behind the controversial Stable Diffusion image generator, represents the arrival of a new A.I. boom. Story Published at: October 21, 2022 at 10:00AM Continue Reading…
An Anti-E.S.G. Activist Takes on Apple and Disney
A prominent critic of investing that factors in climate and social considerations wants to use shareholder pressure to refocus companies on profits. Story Published at: September 20, 2022 at 12:30PM Continue Reading…
From Boom to Gloom: Tech Recruiters Struggle to Find Work
As tech companies slow hiring and lay off workers, once-busy recruiters are shifting to other roles and cutting their rates. Story Published at: September 7, 2022 at 10:00AM Continue Reading…
Adam Neumann’s New Company Gets a Big Check From Andreessen Horowitz
After his spectacular rise and fall at WeWork, Mr. Neumann is getting back into the real estate industry, with backing from a major Silicon Valley player. Story Published at: August 15, 2022 at 01:04PM Continue Reading…