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3700	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir The women at AA inspire her to start trying to take control over her life but she just hits more walls. Her father won’t let her remove her IUD to start a family with her new boyfriend, later husband, Sam Ashgari (they have divorced si...
3701	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir Her father won’t let her remove her IUD to start a family with her new boyfriend, later husband, Sam Ashgari (they have divorced since Britney completed the memoir). After she objects to a new dance move suggested for her Vegas residen...
3702	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir Her father won’t let her remove her IUD to start a family with her new boyfriend, later husband, Sam Ashgari (they have divorced since Britney completed the memoir). After she objects to a new dance move suggested for her Vegas residen...
3703	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir After she objects to a new dance move suggested for her Vegas residency, she is sent to a solitary rehabilitation facility for two months, the most upsetting part of the book. Was I a bank robber? A wild animal? Why was I treated as t...
3704	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir Was I a bank robber? A wild animal? Why was I treated as though I were about to burn the place down and murder them all? She is locked up, put on lithium, subject to relentless testing and mandatory therapy, can’t see her kids or dog,...
3705	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir For blood tests, “the tech drawing my blood would be flanked by the nurse, a security guard and my assistant. Was I a cannibal? Was I a bank robber? Was I a wild animal? Why was I treated as though I were about to burn the place down a...
3706	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir For blood tests, “the tech drawing my blood would be flanked by the nurse, a security guard and my assistant. Was I a cannibal? Was I a bank robber? Was I a wild animal? Why was I treated as though I were about to burn the place down a...
3707	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir Was I a cannibal? Was I a bank robber? Was I a wild animal? Why was I treated as though I were about to burn the place down and murder them all?” She wonders if her family is trying to kill her. Made slow and sclerotic, “I began to fee...
3708	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir Why was I treated as though I were about to burn the place down and murder them all?” She wonders if her family is trying to kill her. Made slow and sclerotic, “I began to feel like I was being ritually tortured,” she writes, feeling e...
3709	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir Made slow and sclerotic, “I began to feel like I was being ritually tortured,” she writes, feeling estranged from her own body. “If the idea of my being in that place was to heal, that was not the effect.” She’s not scared of anything...
3710	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir “If the idea of my being in that place was to heal, that was not the effect.” She’s not scared of anything after that experience, she writes, “but it doesn’t make me feel strong; it makes me sad. I shouldn’t be this strong.” #FreeBri...
3711	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir I shouldn’t be this strong.” #FreeBritney protesters in 2021. Photograph: Étienne Laurent/EPA A nurse shows Britney the blossoming fan movement that is spreading awareness of its suspicions that all is not right with her conservators...
3712	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir Come June 2021, she calls 911 to report her father for conservatorship abuse days before a probate court hearing on the arrangement. “My voice had been used for me and against me so many times that I was afraid nobody would recognise i...
3713	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir When she is granted her freedom in November 2021, she says she feels shock, relief, elation, sadness and joy. There is no love lost for her family Britney writes about how she was always made to feel she was not enough as a kid; her ...
3714	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir There is no love lost for her family Britney writes about how she was always made to feel she was not enough as a kid; her father’s alleged alcoholism, neglect and brutal standards; how her mother always made her feel less-than. She i...
3715	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir She is unsparing about her younger sister, who she characterises as a brat who was spared the pain of Britney’s impoverished childhood because of her success. “My mom and I had to witness the ugliness and the violence without believing...
3716	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir “My mom and I had to witness the ugliness and the violence without believing that there was anywhere else to go.” Even once Britney is the biggest pop star in the world, her parents still seem to have an undue say in the running of he...
3717	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir “My mom and I had to witness the ugliness and the violence without believing that there was anywhere else to go.” Even once Britney is the biggest pop star in the world, her parents still seem to have an undue say in the running of he...
3718	‘I was being ritually tortured’: the most shocking moments in Britney Spears’ memoir Her father seizes control legally with the imposition of the conservatorship, telling her, chillingly, “I am Britney Spears now,” and her family appear to live off her dime while she lives an extraordinarily restricted life. When she ...
3719	The jury finally hears from Sam Bankman-Fried It is honestly kind of incredible to watch a man torpedo his own credibility on direct testimony. We’re not even at the cross yet, and the judge has already instructed him to answer the question he’s being asked by his own lawyer. The jury is watching all of this intently....
3720	The jury finally hears from Sam Bankman-Fried We’re not even at the cross yet, and the judge has already instructed him to answer the question he’s being asked by his own lawyer. The jury is watching all of this intently. The main thing that’s been clear so far from Bankman-Fried’s testimony is that the man really lo...
3721	The jury finally hears from Sam Bankman-Fried The main thing that’s been clear so far from Bankman-Fried’s testimony is that the man really loves the sound of his own voice. So far, the count of “Objection, narrative!” to Bankman-Fried’s answers, followed by “Sustained” is at three. Also, sometimes when Bankman-Fried ...
3722	The jury finally hears from Sam Bankman-Fried So far, the count of “Objection, narrative!” to Bankman-Fried’s answers, followed by “Sustained” is at three. Also, sometimes when Bankman-Fried says “we,” he only means himself. Sam Bankman-Fried, the founder of failed cryptocurrency exchange FTX, has been found guilty o...
3723	The jury finally hears from Sam Bankman-Fried Also, sometimes when Bankman-Fried says “we,” he only means himself. Sam Bankman-Fried, the founder of failed cryptocurrency exchange FTX, has been found guilty on seven counts including charges of wire fraud. FTX was a fraud “from the start,” the Securities and Exchange C...
3724	The jury finally hears from Sam Bankman-Fried FTX was a fraud “from the start,” the Securities and Exchange Commission alleged — with a “multi-billion-dollar deficiency caused by his own misappropriation of customer funds.” Follow along for all the latest news and regular updates from the trial. Yesterday, during an e...
3725	The jury finally hears from Sam Bankman-Fried Yesterday, during an evidentiary hearing, Bankman-Fried was repeatedly scolded by Judge Lewis Kaplan for not answering prosecutor Danielle Sassoon’s questions on cross-examination. Today, Bankman-Fried was scolded by Kaplan for not answering his counsel Mark Cohen’s questio...
3726	The jury finally hears from Sam Bankman-Fried Yesterday, during an evidentiary hearing, Bankman-Fried was repeatedly scolded by Judge Lewis Kaplan for not answering prosecutor Danielle Sassoon’s questions on cross-examination. Today, Bankman-Fried was scolded by Kaplan for not answering his counsel Mark Cohen’s questio...
3727	The jury finally hears from Sam Bankman-Fried Bankman-Fried has also occasionally interrupted Cohen with “yes” and “yup.” We spent a lot of the morning explaining vocabulary. I will spare you the full list, though I will say that explaining “Amazon Web Services” and “database” was a bit too detail-oriented. Then Bankm...
3728	The jury finally hears from Sam Bankman-Fried Bankman-Fried has also occasionally interrupted Cohen with “yes” and “yup.” We spent a lot of the morning explaining vocabulary. I will spare you the full list, though I will say that explaining “Amazon Web Services” and “database” was a bit too detail-oriented. Then Bankm...
3729	The jury finally hears from Sam Bankman-Fried Then Bankman-Fried tried to define “market manipulation.” After Bankman-Fried gave his definition, Kaplan told the jury that he was the final authority on that, thanks. In fairness to Bankman-Fried, he has been clearer and much easier to understand than he was at the evide...
3730	The jury finally hears from Sam Bankman-Fried In fairness to Bankman-Fried, he has been clearer and much easier to understand than he was at the evidentiary hearing yesterday. There was a minimum of word salad today. I don’t know if he was more relaxed, or he’d just been more rehearsed, but I will certainly be watching...
3731	The jury finally hears from Sam Bankman-Fried There was a minimum of word salad today. I don’t know if he was more relaxed, or he’d just been more rehearsed, but I will certainly be watching to see if he suddenly becomes much less coherent when Sassoon gets him for the cross. Here is the story of FTX, from his point o...
3732	The jury finally hears from Sam Bankman-Fried I don’t know if he was more relaxed, or he’d just been more rehearsed, but I will certainly be watching to see if he suddenly becomes much less coherent when Sassoon gets him for the cross. Here is the story of FTX, from his point of view. Bankman-Fried, who informed us h...
3733	The jury finally hears from Sam Bankman-Fried Here is the story of FTX, from his point of view. Bankman-Fried, who informed us he’s “somewhat introverted, naturally,” gave us a rather prolonged tour of his pre-Alameda Research life, which I will skip. In 2017, during a crypto bull run, he started his cryptocurrency tr...
3734	The jury finally hears from Sam Bankman-Fried Bankman-Fried, who informed us he’s “somewhat introverted, naturally,” gave us a rather prolonged tour of his pre-Alameda Research life, which I will skip. In 2017, during a crypto bull run, he started his cryptocurrency trading firm. He knew “basically nothing” about crypt...
3735	The jury finally hears from Sam Bankman-Fried In 2017, during a crypto bull run, he started his cryptocurrency trading firm. He knew “basically nothing” about cryptocurrency at the time, he explained, but he wanted to do arbitrage on it anyway. Alameda Research was named for Alameda County in California, which was whe...
3736	The jury finally hears from Sam Bankman-Fried In 2017, during a crypto bull run, he started his cryptocurrency trading firm. He knew “basically nothing” about cryptocurrency at the time, he explained, but he wanted to do arbitrage on it anyway. Alameda Research was named for Alameda County in California, which was whe...
3737	The jury finally hears from Sam Bankman-Fried Alameda Research was named for Alameda County in California, which was where its first office was set up. As for its name, here’s what Bankman-Fried said on the stand: Effectively, we wanted to be under the radar at that point in time. I didn’t want to call it Sam’s Crypto...
3738	The jury finally hears from Sam Bankman-Fried As for its name, here’s what Bankman-Fried said on the stand: Effectively, we wanted to be under the radar at that point in time. I didn’t want to call it Sam’s Crypto Trading Firm or anything like that. We — there are a lot of competitors and people who we didn’t particul...
3739	The jury finally hears from Sam Bankman-Fried I didn’t want to call it Sam’s Crypto Trading Firm or anything like that. We — there are a lot of competitors and people who we didn’t particularly want to know what we were building out because they would race to do it. “Research” was a sort of generic word, which filled o...
3740	The jury finally hears from Sam Bankman-Fried We — there are a lot of competitors and people who we didn’t particularly want to know what we were building out because they would race to do it. “Research” was a sort of generic word, which filled out the company name. And that was — it was far better than the internal na...
3741	The jury finally hears from Sam Bankman-Fried “Research” was a sort of generic word, which filled out the company name. And that was — it was far better than the internal name that we had at that point, which was Wireless Mouse. I would find this much more believable if I hadn’t already watched a video of Bankman-Frie...
3742	The jury finally hears from Sam Bankman-Fried I would find this much more believable if I hadn’t already watched a video of Bankman-Fried explaining on a podcast that the name made it easier to get a bank account. That happened during the first day of Gary Wang’s testimony. Bankman-Fried was there, too. You know who el...
3743	The jury finally hears from Sam Bankman-Fried That happened during the first day of Gary Wang’s testimony. Bankman-Fried was there, too. You know who else was there? The jury. Anyway, Bankman-Fried went on a hiring spree for Alameda. He rounded up his merry gang of alleged co-conspirators. First, Wang, to program the ...
3744	The jury finally hears from Sam Bankman-Fried Bankman-Fried was there, too. You know who else was there? The jury. Anyway, Bankman-Fried went on a hiring spree for Alameda. He rounded up his merry gang of alleged co-conspirators. First, Wang, to program the computers. Then, Nishad Singh, about a month after founding A...
3745	The jury finally hears from Sam Bankman-Fried He rounded up his merry gang of alleged co-conspirators. First, Wang, to program the computers. Then, Nishad Singh, about a month after founding Alameda Research. Finally, Caroline Ellison. Not having a risk team, when you are any kind of financial anything, is certainly a...
3746	The jury finally hears from Sam Bankman-Fried Finally, Caroline Ellison. Not having a risk team, when you are any kind of financial anything, is certainly a choice Though Bankman-Fried was the CEO, and also the majority owner, he wanted to be clear: he did not supervise Wang’s direct work. Anyway, after a bunch of wi...
3747	The jury finally hears from Sam Bankman-Fried Anyway, after a bunch of wildly successful arbitrage — 50 percent to 100 percent annualized returns, per his testimony — he decided to found a cryptocurrency exchange, FTX. He figured he’d fail; that there was only a 20 percent chance of success. Bankman-Fried did not defin...
3748	The jury finally hears from Sam Bankman-Fried Anyway, after a bunch of wildly successful arbitrage — 50 percent to 100 percent annualized returns, per his testimony — he decided to found a cryptocurrency exchange, FTX. He figured he’d fail; that there was only a 20 percent chance of success. Bankman-Fried did not defin...
3749	The jury finally hears from Sam Bankman-Fried He figured he’d fail; that there was only a 20 percent chance of success. Bankman-Fried did not define what he expected the time period to be on this estimate, but arguably 20 percent was a much higher chance of success than FTX would enjoy once Alameda dipped into the cust...
3750	The jury finally hears from Sam Bankman-Fried Bankman-Fried did not define what he expected the time period to be on this estimate, but arguably 20 percent was a much higher chance of success than FTX would enjoy once Alameda dipped into the customer deposits. By the way, because he was such a good guy, Bankman-Fried ...
3751	The jury finally hears from Sam Bankman-Fried By the way, because he was such a good guy, Bankman-Fried made a point of “periodically” handling support tickets himself. “I worried if I didn’t, I would lose touch with the actual concerns of the customers,” he testified. What he did not do was create a risk team, which h...
3752	The jury finally hears from Sam Bankman-Fried “I worried if I didn’t, I would lose touch with the actual concerns of the customers,” he testified. What he did not do was create a risk team, which he is now characterizing as a “big mistake.” Risk is an inherent part of a futures exchange, which is even more like a casi...
3753	The jury finally hears from Sam Bankman-Fried “I worried if I didn’t, I would lose touch with the actual concerns of the customers,” he testified. What he did not do was create a risk team, which he is now characterizing as a “big mistake.” Risk is an inherent part of a futures exchange, which is even more like a casi...
3754	The jury finally hears from Sam Bankman-Fried Not having a risk team, when you are any kind of financial anything, is certainly a choice. It is especially a choice when you go around telling everyone your crypto exchange is very good and safe. FTX’s big selling point was its “risk engine,” which was supposed to preven...
3755	The jury finally hears from Sam Bankman-Fried Not having a risk team, when you are any kind of financial anything, is certainly a choice. It is especially a choice when you go around telling everyone your crypto exchange is very good and safe. FTX’s big selling point was its “risk engine,” which was supposed to preven...
3756	The jury finally hears from Sam Bankman-Fried FTX’s big selling point was its “risk engine,” which was supposed to prevent big losses that would then be spread around all the rest of the customers. But Bankman-Fried testified that in 2020, the “risk engine was effectively sagging under the weight” of the exchange’s rap...
3757	The jury finally hears from Sam Bankman-Fried So its time to liquidation went up — it took minutes to determine which accounts needed to be liquidated. As a result, at one point the risk engine got stuck in a catastrophic feedback loop that would have created losses in the “trillions of dollars,” Bankman-Fried testifie...
3758	The jury finally hears from Sam Bankman-Fried So its time to liquidation went up — it took minutes to determine which accounts needed to be liquidated. As a result, at one point the risk engine got stuck in a catastrophic feedback loop that would have created losses in the “trillions of dollars,” Bankman-Fried testifie...
3759	The jury finally hears from Sam Bankman-Fried As a result, at one point the risk engine got stuck in a catastrophic feedback loop that would have created losses in the “trillions of dollars,” Bankman-Fried testified. As part of that feedback loop, Alameda teetered on the brink of liquidation, which “would have disastro...
3760	The jury finally hears from Sam Bankman-Fried As part of that feedback loop, Alameda teetered on the brink of liquidation, which “would have disastrous consequences” for FTX. “At the time, I wasn’t entirely sure what was happening.” Because of that experience, Bankman-Fried suggested an “alert” or “delay” that would ...
3761	The jury finally hears from Sam Bankman-Fried “At the time, I wasn’t entirely sure what was happening.” Because of that experience, Bankman-Fried suggested an “alert” or “delay” that would keep Alameda from being liquidated by a bug. This is the supposed origin story of “allow_negative,” which Bankman-Fried says was t...
3762	The jury finally hears from Sam Bankman-Fried This is the supposed origin story of “allow_negative,” which Bankman-Fried says was the eventual result of that conversation, and that he says he didn’t know about until very recently. There is a problem with this story. “Allow_negative” was coded and switched on in 2019. ...
3763	The jury finally hears from Sam Bankman-Fried There is a problem with this story. “Allow_negative” was coded and switched on in 2019. I saw the code in court, and so did Bankman-Fried, who was also there for the testimony. Perhaps you are wondering, was the jury also there? Reader, it was. Bankman-Fried denied he knew...
3764	The jury finally hears from Sam Bankman-Fried “Allow_negative” was coded and switched on in 2019. I saw the code in court, and so did Bankman-Fried, who was also there for the testimony. Perhaps you are wondering, was the jury also there? Reader, it was. Bankman-Fried denied he knew about the effectively infinite line...
3765	The jury finally hears from Sam Bankman-Fried Reader, it was. Bankman-Fried denied he knew about the effectively infinite line of credit Alameda Research received from FTX. This argument was peculiar; essentially my take-away was that the CEO of a financial company simply didn’t pay attention to finances. FTX couldn’...
3766	The jury finally hears from Sam Bankman-Fried This argument was peculiar; essentially my take-away was that the CEO of a financial company simply didn’t pay attention to finances. FTX couldn’t get bank accounts right away. Bankman-Fried anticipated it would take a year or two. Rather than wait, he decided to use Alame...
3767	The jury finally hears from Sam Bankman-Fried FTX couldn’t get bank accounts right away. Bankman-Fried anticipated it would take a year or two. Rather than wait, he decided to use Alameda as the “payment provider” for bank transfers. “My understanding at the time was that there were teams managing the process,” he said...
3768	The jury finally hears from Sam Bankman-Fried “My understanding at the time was that there were teams managing the process,” he said. “At the time, I wasn’t entirely sure what was happening.” Well, sure, understandable! He’s an introvert! Bankman-Fried definitely did not know that Singh, his employee, had backdated i...
3769	The jury finally hears from Sam Bankman-Fried “At the time, I wasn’t entirely sure what was happening.” Well, sure, understandable! He’s an introvert! Bankman-Fried definitely did not know that Singh, his employee, had backdated interest payments to get FTX “over the line” to $1 billion In 2021, FTX was growing to m...
3770	The jury finally hears from Sam Bankman-Fried Bankman-Fried said he worked 12 to 22 hours a day, and took one day off every couple of months. Because FTX had grown so much, he could no longer run both companies, he said. Bankman-Fried handed the company off to Caroline Ellison and Sam Trabucco, who immediately after be...
3771	The jury finally hears from Sam Bankman-Fried Because FTX had grown so much, he could no longer run both companies, he said. Bankman-Fried handed the company off to Caroline Ellison and Sam Trabucco, who immediately after being named co-CEO promptly drifted away to early retirement. (Quiet quitting king!) Bankman-Fried...
3772	The jury finally hears from Sam Bankman-Fried (Quiet quitting king!) Bankman-Fried did remain involved in hedging and risk at Alameda, though. About that $1 billion of revenue in 2021: Bankman-Fried definitely did not know that Singh, his employee, had backdated interest payments to get FTX “over the line” to $1 billi...
3773	The jury finally hears from Sam Bankman-Fried About that $1 billion of revenue in 2021: Bankman-Fried definitely did not know that Singh, his employee, had backdated interest payments to get FTX “over the line” to $1 billion. See, he’d just asked his employees to check and see if there was any source of funds that was ...
3774	The jury finally hears from Sam Bankman-Fried See, he’d just asked his employees to check and see if there was any source of funds that was missing to get to $1 billion. This testimony was especially rambling. Oh, also that MobileCoin loss? The one Wang said Alameda took to keep off FTX’s balance sheet? Yeah, so it wa...
3775	The jury finally hears from Sam Bankman-Fried This testimony was especially rambling. Oh, also that MobileCoin loss? The one Wang said Alameda took to keep off FTX’s balance sheet? Yeah, so it was a totally innocent thing where what actually happened was that Bankman-Fried thought it was appropriate that Alameda take ...
3776	The jury finally hears from Sam Bankman-Fried Yeah, so it was a totally innocent thing where what actually happened was that Bankman-Fried thought it was appropriate that Alameda take the position as a backstop liquidity provider, that’s all. In June 2022, Bankman-Fried heard about the account called “fiat@ftx” tracki...
3777	The jury finally hears from Sam Bankman-Fried Yeah, so it was a totally innocent thing where what actually happened was that Bankman-Fried thought it was appropriate that Alameda take the position as a backstop liquidity provider, that’s all. In June 2022, Bankman-Fried heard about the account called “fiat@ftx” tracki...
3778	The jury finally hears from Sam Bankman-Fried In June 2022, Bankman-Fried heard about the account called “fiat@ftx” tracking how much money Alameda owed to FTX, he testified. He did not know what it was and did not bother to find out. He was busy! That was when Bankman-Fried directed Ellison to repay Alameda’s lenders,...
3779	The jury finally hears from Sam Bankman-Fried He did not know what it was and did not bother to find out. He was busy! That was when Bankman-Fried directed Ellison to repay Alameda’s lenders, because he thought Alameda was good for it. He also gave BlockFi and Voyager, two crypto lenders, some capital infusions for goo...
3780	The jury finally hears from Sam Bankman-Fried He also gave BlockFi and Voyager, two crypto lenders, some capital infusions for good measure. He was “very surprised!” Remember that testimony Adam Yedidia gave about a conversation with Bankman-Fried in August 2022 about the enormous amount of money Alameda owed FTX? We...
3781	The jury finally hears from Sam Bankman-Fried He was “very surprised!” Remember that testimony Adam Yedidia gave about a conversation with Bankman-Fried in August 2022 about the enormous amount of money Alameda owed FTX? Well, Bankman-Fried remembers it differently. See, Yedidia was just asking about Alameda’s risk pr...
3782	The jury finally hears from Sam Bankman-Fried Well, Bankman-Fried remembers it differently. See, Yedidia was just asking about Alameda’s risk profile, and Bankman-Fried wasn’t talking about insolvency at all. Also, when Singh and Bankman-Fried had the dramatic balcony conversation at their penthouse, it was just that ...
3783	The jury finally hears from Sam Bankman-Fried Well, Bankman-Fried remembers it differently. See, Yedidia was just asking about Alameda’s risk profile, and Bankman-Fried wasn’t talking about insolvency at all. Also, when Singh and Bankman-Fried had the dramatic balcony conversation at their penthouse, it was just that ...
3784	The jury finally hears from Sam Bankman-Fried But Bankman-Fried still thought that Alameda had more assets than liabilities, so it was all fine, and besides, if Singh thought he was going to be better at marketing, he could take it over. It didn’t have anything to do with the money Alameda owed FTX at all. Of course n...
3785	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement It has been a whirlwind four days for OpenAI, the generative AI poster child behind the smash hit ChatGPT. Seemingly out of nowhere, the OpenAI board ousted CEO and co-founder Sam Altman and demoted president and co-founder Greg Brockman, who subseque...
3786	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement Seemingly out of nowhere, the OpenAI board ousted CEO and co-founder Sam Altman and demoted president and co-founder Greg Brockman, who subsequently resigned, paving the way for what looked like a mutiny by staff insisting the founders be reinstated po...
3787	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement By then, Microsoft had already hired Altman and Brockman to head up a new internal AI unit, though, as things transpired, nothing had actually been signed yet, with rumors suggesting that the ousted leaders might actually return to OpenAI after all — i...
3788	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement “The OpenAI / Microsoft drama underlines one of the big near-term risks with AI — that this next wave of technology is controlled by the same tiny set of players who have shaped that last era of the internet,” Mark Surman, president and executive direc...
3789	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement “We might have a chance of avoiding this if GPT-X were responsibly open sourced, giving researchers and startups a shot at making this technology safer, more useful and more trustworthy for people everywhere.” Open and shut In an open letter publishe...
3790	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement “We might have a chance of avoiding this if GPT-X were responsibly open sourced, giving researchers and startups a shot at making this technology safer, more useful and more trustworthy for people everywhere.” Open and shut In an open letter publishe...
3791	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement The backdrop stems from Big Tech companies such as OpenAI and Google’s DeepMind calling for more regulation, warning of catastrophic consequences if the AI levers were to meet the wrong hands — in other words, they argued that proprietary AI is safer t...
3792	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement The backdrop stems from Big Tech companies such as OpenAI and Google’s DeepMind calling for more regulation, warning of catastrophic consequences if the AI levers were to meet the wrong hands — in other words, they argued that proprietary AI is safer t...
3793	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement LeCun et al. disagree. “Yes, openly available models come with risks and vulnerabilities — AI models can be abused by malicious actors or deployed by ill-equipped developers,” the letter acknowledged. “However, we have seen time and time again that th...
3794	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement “Yes, openly available models come with risks and vulnerabilities — AI models can be abused by malicious actors or deployed by ill-equipped developers,” the letter acknowledged. “However, we have seen time and time again that the same holds true for pr...
3795	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement And on a company level, Meta is doing all it can to encourage collaboration and “openness,” recently partnering with Hugging Face to launch a new startup accelerator designed to spur adoption of open source AI models. But OpenAI was — up until last we...
3796	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement And on a company level, Meta is doing all it can to encourage collaboration and “openness,” recently partnering with Hugging Face to launch a new startup accelerator designed to spur adoption of open source AI models. But OpenAI was — up until last we...
3797	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement But OpenAI was — up until last week, at least — still the AI darling everyone wanted to dance with. Countless startups and scale-ups have built businesses atop OpenAI’s proprietary GPT-X large language models (LLMs), and over the weekend hundreds of Op...
3798	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement Over-reliance The panic has been palpable. But there are precedents from elsewhere in the technology sphere, perhaps most notably that of the cloud computing industry, which became renowned for the way it locked companies in to centralized, vortex-lik...
3799	How the OpenAI fiasco could bolster Meta and the ‘open AI’ movement But there are precedents from elsewhere in the technology sphere, perhaps most notably that of the cloud computing industry, which became renowned for the way it locked companies in to centralized, vortex-like silos. “Part of the frenzy around the fut...

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