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New York (AFP) - Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday -- a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago. US District Judge Lewis Kaplan said the defendant, who became known by his initials "SBF," had shown no "real remorse," even in his final pre-sentencing remarks in which the former billionaire rued "a series of bad decisions" but did not acknowledge knowingly violating financial laws. Bankman-Fried said "mistakes were made, but never a word of remorse for the commission of a...
AFP
New York (AFP) - Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history. US prosecutors are seeking a prison term of 40-50 years after a New York jury found Bankman-Fried, known by his initials SBF, guilty in November following a five-week trial that probed the one-time high roller's spectacular fall. Calling Bankman-Fried's seven-count conviction reflective of the defendant's "unmatched greed and hubris," the government's sentencing request argues for significant jail time in light o...
AFP
Paris (AFP) - Key chapters in the history of Facebook, the world's biggest social media application, launched 20 years ago. University beginnings - In 2003, 19-year-old computer whiz Mark Zuckerberg begins working out of his Harvard dormitory room on an online network aimed at connecting the prestigious US university's students. On February 4, 2004, he launches thefacebook.com with three friends. Membership is opened up to other colleges around North America. Zuckerberg leaves Harvard and moves to California's Silicon Valley. The new company receives its first major outside investment of $500,...
AFP
Las Vegas (AFP) - Honda on Tuesday unveiled a new electric vehicle series to launch commercially in 2026, revealing a futuristic concept car at the Consumer Electronics Show in Las Vegas. "We have gone back to basics and formulated the Honda 0 Series with a design for the new era," Shinji Aoyama, global vice president, said of the snazzy offerings. "A bold and pure proportion that from the first glance is overwhelmingly different from other EVs to evoke a new perspective for people." The "Saloon" model features a low platform with a wide interior and sleek silhouette, with capacity to introduc...
AFP
New York (AFP) - Elon Musk apologized Wednesday for endorsing a social media post widely seen as anti-Semitic, but accused advertisers who are turning away from his social media platform X of "blackmail" and said anyone who does so can "go fuck yourself." The remark before corporate executives at the New York Times' Dealbook conference drew a shocked silence. Earlier, Musk had apologized for what he called "literally the worst and dumbest post that I've ever done." In a comment on X, formerly Twitter, Musk on November 15 called a post "the actual truth" that said Jewish communities advocated a...
AFP
Washington (AFP) - In a Facebook video viewed by thousands, CNN’s Wolf Blitzer appears to hawk a diabetes drug. In another, "CBS Mornings" host Gayle King seems to endorse weight loss products. But the clips are doctored -- the latest in a rash of deepfakes that hijack images of trusted news personalities in spurious ads, undermining confidence in the news media. Similar social media posts in recent months have targeted Fox News personality Jesse Watters, CBC host Ian Hanomansing and BBC stars Matthew Amroliwala and Sally Bundock. In some cases, the journalists have used their own accounts to...
AFP
New York (AFP) - British chip designing giant Arm has launched the process for a public stock listing in New York, in what could be the biggest US share offering in years. The firm, which is owned by Japan's SoftBank, is a world leader in designing chips that are used in smartphones across the world and aims to be a major player in artificial intelligence (AI). The company, which is owned by Japan's SoftBank, said in documents filed on Monday it planned to list on the Nasdaq, which specialises in tech shares, after opting earlier this year against floating on the London stock exchange. It did...
AFP
Washington (AFP) - Misinformation about everything from election fraud to Covid-19 vaccines is reaching millions of Americans through a popular but opaque medium: podcasts. Many podcasts -- on-demand audio programs which users can listen to on smartphones -- bluntly promote false and unproven claims. The Brookings Institution found "War Room" from former Donald Trump aide Steve Bannon has aired the most false statements, amassing more than 135 million downloads while promoting allegations of vote rigging in the 2020 US election. Commentator Joe Rogan, whose podcast is the most popular on Spoti...
AFP
New York (AFP) - Amazon tricked consumers into subscribing to its "Prime" service and intentionally complicated the cancelation process, according to a US lawsuit against the retail giant filed Tuesday. The Federal Trade Commission's lawsuit against Amazon includes four civil charges against the company over "manipulative, coercive or deceptive user-interface" and seeks a permanent injunction on the conduct, as well as monetary penalties. The Prime service costs shoppers $14.99 per month or $139 annually in exchange for perks such as free shipping and access to Amazon entertainment shows and m...
AFP
San Francisco (AFP) - Microsoft on Wednesday faced its biggest challenge yet in its effort to buy US video game powerhouse Activision Blizzard, with the decision by the UK to block the deal. The transaction, which was expected to be finalized this year, would beef up Microsoft's muscle in the booming gaming market while playing to its strengths in software and cloud computing. Here are key things to know about the blockbuster transaction: Video game titansBuying Activision, the maker of "Call of Duty" and "Candy Crush", would make Microsoft the third-largest gaming company by revenue, behind T...
AFP
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