Tag: billions
FTX’s Sam Bankman-Fried Saw Missing Billions as ‘Rounding Error,’ Biographer Michael Lewis Says
“Even his best friends, inside the company said, ‘Sam is just not built to manage people,’” Lewis said, adding that Bankman-Fried didn’t know the name [...]
Billions to Connect Everyone to High-Speed Internet Could Still Fall Short
Along the southeastern edge of Oklahoma, where expansive cattle ranches and empty storefronts dot the landscape, the lack of high-speed internet servi [...]
US and Vietnam make deals on AI chips and tech worth billions
The United States and Vietnam formed business deals and partnerships worth billions of dollars to advance cooperation in artificial intelligence (AI) [...]
Electric utilities face billions in liability with old lines
Electrical workers repair power lines leading into the fire ravaged town of Lahaina on the island of Maui in Hawaii, August 15, 2023.Mike Blake | Reut [...]
U.S. chip sector talent gap emerges as makers spend billions
US President Joe Biden visits Wolfspeed, a semiconductor manufacturer, in Durham, North Carolina, on March 28, 2023. (Photo by Jim WATSON / AFP) (Phot [...]
MicroStrategy’s (MSTR) Bitcoin (BTC) Billions Have Rebounded Since Michael Saylor Exited CEO Job a Year Ago
Saylor had begun purchasing bitcoin for MicroStrategy’s balance sheet in August 2020, fueling its stock rally alongside bitcoin in 2020 and 2021. Taki [...]
Heat Is Costing the U.S. Economy Billions in Lost Productivity
As much of the United States swelters under record heat, Amazon drivers and warehouse workers have gone on strike in part to protest working condition [...]
‘Razzlekhan,’ Husband Make Plea Deal in Bitfinex Hack Laundering Case Worth Billions
Heather “Razzlekhan” Morgan and Ilya Lichtenstein are pleading guilty to three charges, two counts of money laundering and one of conspiracy to defrau [...]
Lost keys have already cost billions of dollars, many more at risk — Polygon exec
While private or mnemonic keys offer many advantages for security, they also present practical challenges, according to Mudit Gupta, the chief informa [...]
PolyNetwork Attacker Issues “Worthless” Billions in SHIB, BNB, BUSD in Latest Crypto Hack
An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security pre [...]
Binance CEO CZ responds as data points to billions in exchange outflows
While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng [...]
Disney plans to spend billions in Florida despite DeSantis fight
Handout | Getty Images Entertainment | Getty ImagesDespite its battle with Gov. Ron DeSantis, Disney remains committed to the state of Florida.The med [...]
Puerto Rico’s power play: How should billions of energy dollars be spent
Environmental and community groups sued FEMA and the Department of Homeland Security last month over two grid projects, accusing them of violating th [...]
Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk
The Sui blockchain network quietly fixed a bug that could have put “billions of dollars” at risk, according to a May 16 announcement from Zellic, the [...]
Democrats bet billions on carbon capture, but the government isn’t ready
The result, according to both environmental officials and carbon capture experts, is that many of the projects are likely to face either serious dela [...]