Tag Archives: multibillion

TX crypto boss, Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

TX crypto boss, Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

A federal jury in New York has convicted FTX founder Sam Bankman-Fried of defrauding customers of his now-bankrupt cryptocurrency exchange.      The 31-year-old former billionaire was accused of stealing billions from FTX customers and investors in one of the biggest financial frauds in US history.     Bankman-Fried, who will be …

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Microsoft confirms multibillion dollar investment in firm behind ChatGPT

Microsoft has announced a deepening of its partnership with the company behind the artificial intelligence program ChatGPT by announcing a multibillion dollar investment in the business. It said the deal with OpenAI would involve deploying the company’s artificial intelligence models across Microsoft products, which include the Bing search engine and …

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