#sam

Sam Trabucco, a former Alameda executive, has agreed to turn over $70 million, along with his yacht and apartment, to FTX creditors.

FTX Estate is set to auction 22.3 million Worldcoin (WLD) tokens at a significant discount, currently valued at $35 million. This sale is part of the ongoing efforts to recover funds for creditors of the bankrupt crypto exchange founded by Sam Bankman-Fried.

Caroline Ellison, the former CEO of Alameda Research and a key witness in the trial of FTX founder Sam Bankman-Fried, has been sentenced to two years in prison, followed by three years of supervised release. During this period, she must cooperate with the U.S. Securities and Exchange Commission (SEC). The court also ordered her to pay an $11 billion fine and forfeit her assets.

Sam Altman's Worldcoin project is facing a shortage of its Orb devices, used for capturing biometric data such as iris scans. This data is integral to verifying users and preventing the creation of duplicate or fake accounts.

Today, March 28th at 9:30 AM EST, a sentencing hearing for Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, is scheduled to take place in the Federal Court building in downtown Manhattan.

The legal team of former FTX CEO Sam Bankman-Fried have challenged the prosecution's call for a maximum 50-year prison term, criticizing it as an outdated punishment method. This position was detailed in an official statement regarding the anticipated sentencing.

Renowned entrepreneur Elon Musk has initiated legal proceedings against OpenAI and its CEO, Sam Altman, alleging they breached an agreement dedicated to advancing Artificial General Intelligence (AGI) technology for the global good rather than for profit.

OpenAI CEO Sam Altman has called for up to $7 trillion in investments to establish infrastructure for manufacturing artificial intelligence chips, addressing the severe global shortage. He has shared this proposal with both the government and business leaders in the United Arab Emirates (UAE).

Sam Altman, OpenAI’s CEO, stated that the next major AI model from the company is unlikely to roll out in 2024. The delay reflects OpenAI’s commitment to focusing on current model development rather than rushing a new launch.

OpenAI, the ambitious AI startup, is reporting massive losses. By the end of 2024, after covering operating costs, the company is expected to face an astonishing $5 billion deficit.

Elon Musk, the CEO of Tesla and SpaceX, has dropped his lawsuit against OpenAI and its CEO Sam Altman. The suit, filed in California in February 2024, was retracted just one day before a scheduled court hearing on a dismissal motion filed by the defendants.

Attorneys for Ryan Salame, a former top executive of the bankrupt crypto exchange FTX, are seeking a sentence of no more than 18 months in prison. They assert that their client had no involvement in the fraudulent activities orchestrated by former CEO Sam Bankman-Fried.

FTX's leadership aims to nullify user and investor claims concerning specific tokens linked to investments made by the former CEO, Sam Bankman-Fried. Included in the affected list are tokens such as Maps (MAPS), DeFi Oxygen (OXY), Serum (SERUM), and Boba (BOBA).

SV Angel, a venture capital fund, has rallied companies such as OpenAI and Microsoft to endorse an open letter urging the ethical development of artificial intelligence for the greater good of humanity. OpenAI's CEO, Sam Altman, praised the initiative and signed it on behalf of the company.

OpenAI CEO Sam Altman envisions the United Arab Emirates (UAE) as a pivotal location for trialing artificial intelligence and other innovative technologies. He expressed this viewpoint during a virtual meeting with the UAE’s Minister of Artificial Intelligence.

Sam Bankman-Fried, former head of the now-bankrupt FTX exchange, is due back in court on February 21, 2024, to testify about his lawyers' potential conflict of interest. This interrogation is expected to be conducted by the judge.

Sam Altman, leading OpenAI, is orchestrating a billion-dollar investment drive to create microchips crucial for artificial intelligence progression.