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Lessons Of FTX And The SBF Trial Authored by Michael Wilkerson via The Epoch Times, Sam Bankman-Fried, commonly known as SBF, goes on trial later this week for his role as founder and CEO in the collapse of crypto exchange FTX, in what prosecutors allege was a $40 billion fraud. Some sympathetic observers, such as Michael Lewis, the author of The Big Short and Liar’s Poker, and now biographer of SBF, paint the founder as a more or less innocent victim of a bank run, and perhaps even a misunderstood genius. This is too generous. Geniuses imagine, tinker, hack, and create. Their experiments and inventions lead to innovation. Innovations attract entrepreneurs with know-how to commercially develop them. Entrepreneurs in turn attract the capital needed to build and develop new products and, occasionally, entire new industries. The prospect of abundant capital and imagined high returns inevitably attracts the promoters, scam artists, and frauds that parasitically attach themselves to every wave of technological innovation.
Founded and funded by ex-Apple designers: a portable USB-C blender. When two former Apple engineers pitched me a portable, battery-operated blender for my existing bottles — one that now counts Apple design legend Jony Ive himself as an outspoken investor — I saw it as a curiosity. Who’s going to spend $129 and lug around 1.5 pounds of batteries for a weakly blended smoothie? But I got one thing wrong about the Cruz BlenderCap : the smoothies aren’t weak at all. There are many other reasons why it’s a niche product, but delicious drinks aren’t one. View this post on Instagram A post shared by The Verge (@verge) Over the past few months, I’ve crushed fully frozen fruit, pulverized strawberry and chocolate ice cream into decent shakes with the USB-C blender, and wowed my kids with (small amounts) of fresh snow from our refrigerator ice cubes. I’ve consistently had enough battery for six or seven small drinks on a charge, and the included double-wall vacuum bottle kept a smoothie pleasantly chilled for two hours in a car left out in the sun.
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The point of it was never how it worked. Now it will struggle to work at all.
Microsoft CEO Satya Nadella testified in a federal court in Washington, D.C. yesterday (Oct. 2) that Google’s total dominance in the online search business makes it difficult for competitors, even his company, to gain market share. Nadella’s testimony raised an important question: If Microsoft can’t challenge Google, who can? Nadella was called as a witness in the Department of Justice’s antitrust trial against Alphabet’s Google. The government alleged that Google squashed competition in online search with its web of exclusionary business agreements—such as paying smartphone makers and web browser companies to set Google as their default search engine. The DOJ filed its case against Google in 2020, and the trial is expected to last into November. Read Also: Where Do Google and Microsoft Stand in A.I. Race? CEOs Dish On Earnings Calls Microsoft is Google’s primary rival in online search, but Microsoft’s Bing poses little threat to Google, which claims more than 90 percent of the online search market, according to SimilarWeb data.
Local rivals adopted the policy years earlier to meet tightening state regulations
Apple''s microLED Apple Watch is on track to launch in late 2025, according to Jeff Pu, a tech analyst at Hong Kong investment firm Haitong International Securities. In a note to investors seen by MacRumors , Pu said that the first Apple Watch with a microLED display will launch in late 2025. The advanced display technology offers improved brightness, color reproduction, and viewing angles, making images look more like they are "painted" atop the glass. Yesterday, a Weibo leaker reported that the next worthwhile upgrade for the Apple Watch Ultra users will be Apple''s custom microLED display technology. Apple''s plan to bring a microLED display to the Apple Watch Ultra is very widely corroborated, starting with a report from display analyst Ross Young in January. After initially placing the device''s launch in 2024, Young moved his forecast to the second-half of 2025 . Bloomberg , on the other hand, reported a 2024 time frame earlier this year. TrendForce claims that Apple''s first microLED display will launch on a new Apple Watch Ultra model in 2026, due to supply chain adjustments.
… available video formats. The company said over the weekend that … timeline for when its own software fix would be released but … video games and augmented reality technology that require a lot of … Apple says it will fix software issue causing device to get …
Apple stock rose Monday amid reports that iPhone 15 sales remain strong and are largely on par with year-ago sales trends for the iPhone 14 series.
Satya Nadella appears in DC for US v. Google . | Image: Getty Images On the stand in US v. Google, the Microsoft CEO said he’d do just about anything to make Bing better. Google’s lawyers said he should have been doing that for decades. Continue reading…