This has been a year in which Silicon Valley’s two biggest hype blimps, cryptocurrencies and artificial intelligence, have been deflated by drama. First came the downfall of Sam Bankman Freed, whose shady crypto empire landed him in court, where he was put on trial. convicted of fraud And a conspiracy. During his trial, witnesses and evidence showed that Bankman Fried’s cryptocurrency exchange, FTX, sold billions of dollars from uninformed investors to one of his other assets, a cryptocurrency trading company called Alameda Research. It was revealed that he had been sucking up the
A few weeks later, another Silicon Valley Sam, Sam Altman, experienced corporate melodrama. Altman is the maker of OpenAI, of which he is the CEO.
Source: www.newscientist.com
