OpenAI raised $6.6B led by Thrive Capital, the largest VC deal of all time, valuing it at $157B, with participation from Microsoft, Nvidia, SoftBank, and others
- Not taking part, a source confirms, is Apple, which reportedly had been in talks to invest.
The US DOJ indicts two brothers for allegedly stealing $25M in crypto via an exploit of the MEV-Boost software used by some Ethereum validators
The alleged 12-second attack related to the controversial practice known as MEV, or maximal extractable value. — 10 Years of Decentralizing the Future
Sources: Microsoft is training MAI-1, a new, in-house AI model with ~500B parameters, large enough to compete with top models from Google, Anthropic, and OpenAI
The US SEC sends decentralized crypto exchange Uniswap a Wells notice warning that the agency intends to bring an enforcement action against the company
The Securities and Exchange Commission warned Uniswap on Wednesday that it intends to bring an enforcement action against the company …
A US judge sentences Sam Bankman-Fried to 25 years in prison for stealing from users of his now-bankrupt FTX crypto exchange and orders him to forfeit $11B+
Past 6 pm on December 29 … Matthew Russell Lee / Matthew Russell Lee's Newsletter : Aftermath: SBF Sentenced to 25 Years in Prison After Coin Flip and Presidential Aspirations Cite...
Anthropic debuts Claude 3 Haiku, tailored for high-volume, latency-sensitive applications, saying Haiku is “the fastest and most affordable model” in its class
San Francisco-based startup Anthropic has just released Claude 3 Haiku, the newest addition to its Claude 3 family of AI models.
An FTX lawyer says the defunct crypto exchange expects to fully repay its customers and has abandoned efforts to restart the platform, due to a lack of buyers
Filing: FTX sues crypto exchange Bybit and two affiliates to recover ~$953M that they allegedly withdrew using “VIP” status just before FTX filed Chapter 11
- FTX claims Bybit affiliate used “VIP” status to withdraw funds — Bybit's Mirana withdrew $327 million just before FTX pause
US v. SBF: in closing statements, the US relied heavily on evidence to argue SBF is guilty and he was “greedy” while SBF's defense managed to make things worse
Mistakes aren't illegal, but fraud is — and Bankman-Fried's lawyers never made his defense land.
US v. SBF: Caroline Ellison says SBF asked her to make false balance sheets to hide debt, he considered offering FTX shares to the Saudi crown prince, and more
Caroline testified that SBF ordered her to use FTX customer funds to cover up for Alameda's losses — and to lie to lenders about it. She was in a “constant state of dread” about t...
Reddit plans to charge companies to access its API, which many have used to train AI tools; the API will stay free for developers building apps for Reddit users
The internet site has long been a forum for discussion on a huge variety of topics, and companies like Google and OpenAI have been using it in their A.I. projects.
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance
- After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance
- After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
Internal documents suggest personal finance app Eco, offering 2.5%-5% “rewards APY”, misrepresented its practices as funds likely went to risky crypto entities
Startup Idea №1: — We provide an API for charitable funds … Tweets: Jason Mikula / @mikulaja : Fintech Biz Weekly exclusive WHISTLEBLOWER REVEALS: a16z- & Peter Thiel-backed Eco ...
LastPass says hackers stole password vault data in 2022 by exploiting an RCE flaw in third-party software to install a keylogger on a DevOps engineer's computer
Lawrence Abrams / BleepingComputer :
LastPass says hackers stole password vault data in 2022 by exploiting an RCE flaw in third-party software to install a keylogger on a DevOps engineer's computer
LastPass revealed more information on a “coordinated second attack,” where a threat actor accessed and stole data …