Sam

Defense Claims Jury Received Incomplete Evidence in Sam Bankman-Fried Trial, Seeks Appeal

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New York — Lawyers for Sam Bankman-Fried, the former cryptocurrency entrepreneur facing legal battles, argued that jurors in his trial did not view the full scope of evidence, which they believe could have impacted the verdict significantly. This statement was part of an appeal process initiated after Bankman-Fried, founder of the now-defunct FTX Trading, was convicted on charges related to fraudulent activities and mismanagement of customer funds. During the trial, prosecutors painted Bankman-Fried as a central figure in a scheme that involved illegal diversion of customer assets to cover debts and risky bets at Alameda … Read more

Elon Musk Rekindles Legal Battle With OpenAI, Claims Sam Altman Orchestrated ‘Shakespearean’ Betrayal Over Shift to Profit Model

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San Francisco, CA — In a new twist in the tech world, Elon Musk has rekindled his legal battle with OpenAI, the artificial intelligence research lab he once co-founded. Musk claims that current CEO Sam Altman duplicitously shifted the company’s structure from its original nonprofit ideals to a profit-driven entity. This refiled lawsuit in a San Francisco federal court highlights Musk’s allegations of what he describes as a “Shakespearean” level of betrayal by Altman and other leaders of OpenAI. According to the filing, Musk accuses them of veering off the agreed path of ethical AI … Read more