Slashdot on LinkedIn: Former FTX Executive Ryan Salame Sentenced To 7.5 Years In Prison:… (2024)

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Former FTX Executive Ryan Salame Sentenced To 7.5 Years In Prison: Former FTX executive Ryan Salame has been sentenced to more than seven years in prison, "the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange," reports the Associated Press. From the report: Salame, 30, was a high-ranking executive at FTX for most of the exchange's existence and, up until its collapse, was the co-CEO of FTX Digital Markets. He pleaded guilty last year to illegally making unlawful U.S. campaign contributions and to operating an unlicensed money-transmitting business. The sentence of 7 1/2 years in prison, plus three years of supervised release, was more than the five to seven years prosecutors had asked Judge Lewis A. Kaplan to impose on Salame in their pre-sentencing memo.While Salame was a high-level executive at FTX, he was not a major part of the government's case against Bankman-Fried at his trial earlier this year and did not testify against him. In a bid for leniency, Salame said during the sentencing hearing that he cooperated and even provided documents that aided prosecutors in their cross examination of Bankman-Fried, as well as in his own prosecution. Along with helping Bankman-Fried hide the holes in FTX's balance sheet that ultimately led to the exchange's failure, Salame was used as a conduit for Bankman-Fried to make illegal campaign contributions to help shape U.S. policy on cryptocurrencies. On the surface, Bankman-Fried mostly gave political contributions to Democrats and liberal-leaning causes, while Salame gave contributions to Republicans and right-leaning causes. But ultimately the funds that Salame used for those contributions came from Bankman-Fried.The judge also chastised Salame for pulling $5 million in cryptocurrencies out of FTX as the exchange was failing. "You tried to withdraw tens of millions more," Kaplan said. "It was me first. I'm getting in the lifeboat first. To heck with all those customers."Read more of this story at Slashdot.

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    Health Officials Tried To Evade Public Records Laws, Lawmakers Say: House Republicans this week accused officials at the National Institutes of Health of orchestrating "a conspiracy at the highest levels" of the agency to hide public records related to the origins of the Covid pandemic. And the lawmakers promised to expand an investigation that has turned up emails in which senior health officials talked openly about trying to evade federal records laws. From a report: The latest accusations -- coming days before a House panel publicly questions Dr. Anthony S. Fauci, a former top N.I.H. official -- represent one front of an intensifying push by lawmakers to link American research groups and the country's premier medical research agency with the beginnings of the Covid pandemic.That push has so far yielded no evidence that American scientists or health officials had anything to do with the coronavirus outbreak. But the House panel, the Select Subcommittee on the Coronavirus Pandemic, has released a series of private emails that suggest at least some N.I.H. officials deleted messages and tried to skirt public records laws in the face of scrutiny over the pandemic. Even those N.I.H. officials whose job it was to produce records under the Freedom of Information Act may have helped their colleagues avoid their obligations under that law, several emails suggest. The law, known as FOIA, gives people the right to obtain copies of federal records.Read more of this story at Slashdot.

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    Mistral Releases Codestral, Its First Generative AI Model For Code: Mistral, the French AI startup backed by Microsoft and valued at $6 billion, has released its first generative AI model for coding, dubbed Codestral. From a report: Codestral, like other code-generating models, is designed to help developers write and interact with code. It was trained on over 80 programming languages, including Python, Java, C++ and JavaScript, explains Mistral in a blog post. Codestral can complete coding functions, write tests and "fill in" partial code, as well as answer questions about a codebase in English. Mistral describes the model as "open," but that's up for debate. The startup's license prohibits the use of Codestral and its outputs for any commercial activities. There's a carve-out for "development," but even that has caveats: the license goes on to explicitly ban "any internal usage by employees in the context of the company's business activities." The reason could be that Codestral was trained partly on copyrighted content. Codestral might not be worth the trouble, in any case. At 22 billion parameters, the model requires a beefy PC in order to run.Read more of this story at Slashdot.

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    Data Centers Could Use 9% of US Electricity By 2030, Research Institute Says: Data centers could use up to 9% of total electricity generated in the United States by the end of the decade, more than doubling their current consumption, as technology companies pour funds into expanding their computing hubs, the Electric Power Research Institute said on Wednesday. From a report: Depending on the adoption pace of technology such as generative artificial intelligence, which is fueling the expansion of data centers, and the energy efficiency of new centers, the estimated annual growth rate of electricity use by the industry ranges from 3.7% to 15% through 2030, the institute's analysis said. The institute is a U.S.-based research organization funded by energy and government organizations.Data centers, along with expanding domestic manufacturing and electrification of transportation, are lifting the U.S. electricity industry out of two decades of flat growth. The centers require massive amounts of power for high-intensity computing and cooling systems, with a new large data center requiring the same amount of electricity needed to power 750,000 homes, according to numerous energy company earnings calls this year.Read more of this story at Slashdot.

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    Arm Says Its Next-Gen Mobile GPU Will Be Its Most 'Performant and Efficient': IP core designer Arm announced its next-generation CPU and GPU designs for flagship smartphones: the Cortex-X925 CPU and Immortalis G925 GPU. Both are direct successors to the Cortex-X4 and Immortalis G720 that currently power MediaTek's Dimensity 9300 chip inside flagship smartphones like the Vivo X100 and X100 Pro and Oppo Find X7. From a report: Arm changed the naming convention for its Cortex-X CPU design to highlight what it says is a much faster CPU design. It claims the X925's single-core performance is 36 percent faster than the X4 (when measured in Geekbench). Arm says it increased the AI workload performance by 41 percent, time to token, with up to 3MB of private L2 cache. The Cortex-X925 brings a new generation of Cortex-A microarchitectures ("little" cores) with it, too: the Cortex-A725, which Arm says has 35 percent better performance efficiency than last-gen's A720 and a 15 percent more power-efficient Cortex-A520.Arm's new Immortalis G925 GPU is its "most performant and efficient GPU" to date, it says. It's 37 percent faster on graphics applications compared to the last-gen G720, with improved ray-tracing performance with intricate objects by 52 percent and improved AI and ML workloads by 34 percent -- all while using 30 percent less power. For the first time, Arm will offer "optimized layouts" of its new CPU and GPU designs that it says will be easier for device makers to "drop" or implement into their own system on chip (SoC) layouts. Arm says this new physical implementation solution will help other companies get their devices to market faster, which, if true, means we could see more devices with Arm Cortex-X925 and / or Immortalis G925 than the few that shipped with its last-gen ones.Read more of this story at Slashdot.

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    Colorado Enacts Right-to-Repair Law for Electronics: Colorado Governor Jared Polis has signed the "Consumer Right to Repair Digital Electronic Equipment" bill into law. The legislation grants consumers the right to repair their own electronic devices, including cell phones, gaming systems, computers, and televisions. According to Polis, the bill will provide Coloradans with the necessary information to repair their own equipment or choose their preferred repair provider, potentially leading to lower prices and faster repairs through increased competition.State Senator Jeff Bridges, the bill's prime sponsor, called for the federal government and other states to follow Colorado's lead, claiming that this bill is the strongest repair legislation in the country. Bridges emphasized that the law addresses issues such as "parts pairing" and repair restrictions that have prevented owners from fixing their devices in the past. The bill expands on Colorado's previous right-to-repair law for agricultural equipment, which Polis cited as a successful precedent for this new legislation.Read more of this story at Slashdot.

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    Ex-OpenAI Director Says Board Learned of ChatGPT Launch on Twitter: Helen Toner, a former OpenAI board member, said that the board didn't know about the company's 2022 launch of its chatbot ChatGPT until afterward -- and only found out about it on Twitter. From a report: In a podcast, Toner gave her fullest account to date of the events that prompted her and other board members to fire Sam Altman in November of last year. In the days that followed Chief Executive Officer Sam Altman's sudden ouster, employees threatened to quit, Altman was reinstated, and Toner and other directors left the board. "When ChatGPT came out in November 2022, the board was not informed in advance about that," Toner said on the podcast. "We learned about ChatGPT on Twitter."In a statement provided to the TED podcast, OpenAI's current board chief, Bret Taylor said, "We are disappointed that Ms. Toner continues to revisit these issues." He also said that an independent review of Altman's firing "concluded that the prior board's decision was not based on concerns regarding product safety or security, the pace of development, OpenAI's finances, or its statements to investors, customers, or business partners." [...] In the podcast, Toner also said that Altman didn't disclose his involvement with OpenAI's startup fund. And she criticized his leadership on safety. "On multiple occasions, he gave us inaccurate information about the formal safety processes that the company did have in place," she said,"meaning that it was basically impossible for the board to know how well those safety processes were working or what might need to change."Read more of this story at Slashdot.

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    New Tech May Help Find Missing People In the Backcountry Within Minutes: A new tool called Lifeseeker could help search and rescue teams find missing people in minutes using their cellphones. The technology acts as a miniature cellphone tower, allowing rescuers to pinpoint cellphone locations within a 3-mile radius, significantly improving the efficiency and success rate of search missions in challenging terrains. The Colorado Sun reports: "As we detect the phone, basically a blotch shows up on the map and as we fly around that area, that blotch gets smaller and smaller and smaller until we can see exactly where they are," said Dr. Tim Durkin, a search and rescue program coordinator for Colorado Highland Helicopters. "That process of detecting, focusing on one specific location takes about a minute -- not really very long at all." Depending on the situation, search and rescue teams can then send in ground crews with the person's location or land the helicopter if there's a clearing nearby and conditions allow for a safe landing, Durkin said. During a test mission in La Plata Canyon northwest of Durango, search crews found the two people they were looking for within two minutes and 14 seconds, Durkin said.The technology, called Lifeseeker, was developed by Spain-based company CENTUM research & technology and is in the process of being approved by the Federal Communications Commission before it can be sold to the state or counties hoping to use it for their SAR efforts, he said. [...] The radio-based technology needs a clear view of the terrain without interference to pick up the signal of the cellphone. If the conditions and terrain are favorable, it can detect a cellphone up to nearly 20 miles away. It takes about three minutes to attach the Lifeseeker unit inside a helicopter when needed for a search and rescue mission, Durkin said. SAR can also use the tool to send text messages to the missing person, for example, advising them to stay in one area if they are hurt or move to a clearing for a helicopter to pick them up. The tool also has a broadcast function that allows SAR to send out a message to a group of people within a certain range, similar to an Amber Alert for a missing child, to warn them of a wildfire or flood, Durkin said.Read more of this story at Slashdot.

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    Earthcare Cloud Mission Launches To Resolve Climate Unknowns: An anonymous reader quotes a report from the BBC: A sophisticated joint European-Japanese satellite has launched to measure how clouds influence the climate. Some low-level clouds are known to cool the planet, others at high altitude will act as a blanket. The Earthcare mission will use a laser and a radar to probe the atmosphere to see precisely where the balance lies. It's one of the great uncertainties in the computer models used to forecast how the climate will respond to increasing levels of greenhouse gases. "Many of our models suggest cloud cover will go down in the future and that means that clouds will reflect less sunlight back to space, more will be absorbed at the surface and that will act as an amplifier to the warming we would get from carbon dioxide," Dr Robin Hogan, from the European Centre for Medium-Range Weather Forecasts, told BBC News.The 2.3-tonne satellite was sent up from California on a SpaceX rocket. The project is led by the European Space Agency (ESA), which has described it as the organization's most complex Earth observation venture to date. Certainly, the technical challenge in getting the instruments to work as intended has been immense. It's taken fully 20 years to go from mission approval to launch. Earthcare will circle the Earth at a height of about 400km (250 miles). It's actually got four instruments in total that will work in unison to get at the information sought by climate scientists.The simplest is an imager -- a camera that will take pictures of the scene passing below the spacecraft to give context to the measurements made by the other three instruments.Earthcare's European ultraviolet laser will see the thin, high clouds and the tops of clouds lower down. It will also detect the small particles and droplets (aerosols) in the atmosphere that influence the formation and behavior of clouds. The Japanese radar will look into the clouds, to determine how much water they are carrying and how that's precipitating as rain, hail and snow. And a radiometer will sense how much of the energy falling on to Earth from the Sun is being reflected or radiated back into space.Read more of this story at Slashdot.

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    Lawyers To Plastic Makers: Prepare For 'Astronomical' PFAS Lawsuits: An anonymous reader quotes a report from the New York Times: The defense lawyer minced no words as he addressed a room full of plastic-industry executives. Prepare for a wave of lawsuits with potentially "astronomical" costs. Speaking at a conference earlier this year, the lawyer, Brian Gross, said the coming litigation could "dwarf anything related to asbestos," one of the most sprawling corporate-liability battles in United States history. Mr. Gross was referring to PFAS, the "forever chemicals" that have emerged as one of the major pollution issues of our time. Used for decades in countless everyday objects -- cosmetics, takeout containers, frying pans -- PFAS have been linked to serious health risks including cancer. Last month the federal government said several types of PFAS must be removed from the drinking water of hundreds of millions of Americans. "Do what you can, while you can, before you get sued," Mr. Gross said at the February session, according to a recording of the event made by a participant and examined by The New York Times. "Review any marketing materials or other communications that you've had with your customers, with your suppliers, see whether there's anything in those documents that's problematic to your defense," he said. "Weed out people and find the right witness to represent your company."A wide swath of the chemicals, plastics and related industries are gearing up to fight a surge in litigation related to PFAS, or per- and polyfluoroalkyl substances, a class of nearly 15,000 versatile synthetic chemicals linked to serious health problems. [...] PFAS-related lawsuits have already targeted manufacturers in the United States, including DuPont, its spinoff Chemours, and 3M. Last year, 3M agreed to pay at least $10 billion to water utilities across the United States that had sought compensation for cleanup costs. Thirty state attorneys general have also sued PFAS manufacturers, accusing the manufacturers of widespread contamination. But experts say the legal battle is just beginning. Under increasing scrutiny are a wider universe of companies that use PFAS in their products. This month, plaintiffs filed a class-action lawsuit against Bic, accusing the razor company for failing to disclose that some of its razors contained PFAS. Bic said it doesn't comment on pending litigation, and said it had a longstanding commitment to safety.The Biden administration has moved to regulate the chemicals, for the first time requiring municipal water systems to remove six types of PFAS. Last month, the Environmental Protection Agency also designated two of those PFAS chemicals as hazardous substances under the Superfund law, shifting responsibility for their cleanup at contaminated sites from taxpayers to polluters. Both rules are expected to prompt a new round of litigation from water utilities, local communities and others suing for cleanup costs. "To say that t

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Slashdot on LinkedIn: Former FTX Executive Ryan Salame Sentenced To 7.5 Years In Prison:… (2024)

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