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DOJ Seeks To Bar FTX Founder Sam Bankman Fried From Citing AI Investment In Fraud Trial
By Muhammad Ali
The Department of Justice aims to prevent FTX founder Sam Bankman Fried from using AI investment evidence in an ongoing fraud trial. Stay informed on this legal maneuver’s implications. The US Department of Justice (DOJ) has filed a motion to prevent Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX Derivatives Exchange, from mentioning his involvement in the Artificial Intelligence (AI) company Anthropic during his fraud trial. The DOJ alleges that Bankman-Fried misused customer funds to invest $500 million in Anthropic in 2022, which is now valued at over $2 billion. Anthropic’s Success Irrelevant To Fraud Charges, DOJ Claims…
Twitter’s restrictions on ChatGPT raise concerns about the implications for AI language models and the future of data-driven technologies, as the platform tightens access to data and grapples with issues of privacy, data security, and user manipulation. In a surprising move, Twitter has implemented restrictions on data access to the popular ChatGPT tool, a large language model developed by OpenAI. This decision comes on the heels of the platform’s recent limitations on the number of tweets users can view within a 24-hour period, a measure aimed at combating data scraping and system manipulation. Elon Musk, the CEO of Tesla and…
Singapore-based cryptocurrency exchange, Crypto.com, has announced the suspension of its institutional exchange services in the United States, citing lackluster demand from institutional customers and a challenging regulatory landscape. The decision is set to take effect on June 21, 2023. In a statement released on Friday, June 9, Crypto.com revealed its plans to halt its institutional exchange services in the United States. The decision comes as a result of diminished demand from institutional clients, who are typically large, accredited entities with significant investment capacities. Crypto Exchange Face Regulatory Pressure, Declining Institutional Demand The prevailing market scenario, characterized by stringent regulatory scrutiny…