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The defense rests. - The Verge

Sam Bankman-Fried’s lawyers are done calling witnesses in the big FTX fraud case over the cryptocurrency exchange’s collapse last year. The lawyers are likely preparing to make their closing arguments, and Elizabeth Lopatto will have more reports from the courtroom later today, following last night’s story on all the things SBF conveniently doesn’t remember. ....

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Reviving DEI, putting up with Kanye West

Plus: Bush and Trump's tax cuts have cost the US dearly ....

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Sam Bankman-Fried is back on the stand.

However, unlike yesterday’s testimony, the jury members who will rule on the multiple fraud accusations he’s facing are present too. As Elizabeth Lopatto reports, what he’s said so far shows his defense is going to rely on an argument that he was operating on the advice of his lawyers, and we have some guesses about how well that might work out. ....

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Using Nvidia GPUs as collateral is spreading.

Crusoe Energy, a former crypto miner turned AI server landlord, reportedly raised $200 million to buy Nvidia’s H100 chips and will use the hot commodity as collateral. Bill Libby, CEO of Upper90, which provided the loan to Crusoe Energy, said Nvidia chips are a “new asset class.” The Verge’s Elizabeth Lopatto reported in August on another company doing the same thing: CoreWeave, which also uses H100 chips as collateral to get debt to buy more H100 chips. An Ouroboros of AI chips, if you will. ....

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Walter Isaacson was a gullible writer-upper of Musk's tall tales

Walter Isaacson was a gullible writer-upper of Musk's tall tales
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