Business

Forbes reports on “evidence of rampant wash trading on Polymarket,” a prediction market site backed by Peter Thiel’s Founders Fund. Wash trading is a form of market manipulation. “The suspicious activity on Polymarket raises questions about the accuracy of the site,” Forbes writes.

Court documents from the MrBeast Burger lawsuit revealed pitch decks prepared by his team for potential brand partners, and Business Insider went through them.

You get the sense that his team didn’t try very hard when putting decks together: slides have weird layouts, overlapping text, and are borderline unreadable. And maybe that’s the biggest takeaway here — the MrBeast brand sells itself.

Singh, now the fourth FTX executive to be sentenced after Sam Bankman-Fried, Caroline Ellison, and Ryan Salame, will receive three years of supervised release.

Judge Lewis A. Kaplan, who has presided over the cases, said that Mr. Singh provided crucial assistance to the government and that he had played a “much more limited” role in the scheme than his colleagues had.

Murati is seeking venture capital funds for a new AI startup with its own proprietary models, Reuters reported Friday.

Barret Zoph, an OpenAI researcher who left the same day as Murati may join the venture, according to unnamed sources cited by the outlet.

In the wake of recent departures, Apple’s hardware head John Ternus has bumped three people to vice president positions— Richard Dinh, Dave Pakula, and Donny Nordhues — according to Bloomberg’s Mark Gurman today.

Dinh will head up the company’s iPhone road map. Ternus reportedly called Apple’s future models the “most ambitious in the product’s history” in a memo to the engineering team, Gurman writes.

The layoffs affect workers at all four of Intel’s Oregon campuses, according to a WARN notice posted online. The job cuts come as part of Intel’s broader layoffs that will impact more than 15,000 employees.

So The Bear Cave, a newsletter popular among shortsellers, is claiming the short-sellers at Hindenburg Research are ripping it off. “This is the essence of plagiarism: taking the heart of someone else’s work without acknowledgement and repurposing it for your own audience.” Nate Anderson of Hindenburg has responded on Twitter, Edwin Dorsey, of The Bear Cave, isn’t having it.

In a long blog post, Anthropic CEO Dario Amodei considers the upside of artificial general intelligence (AGI, or as he prefers to call it, “powerful AI”). He pushed back on the idea that he’s a “pessimist” or “doomer” by outlining some grandiose claims for the future of AI:

I think that most people are underestimating just how radical the upside of AI could be, just as I think most people are underestimating how bad the risks could be.

I’d like to point out that the company is reportedly in talks to raise money at a $40 billion valuation.

Here’s his LinkedIn update about prison!