Tag: Sam

OpenAI’s Sam Altman says an international agency should monitor the ‘most powerful’ AI to ensure ‘reasonable safety’

OpenAI CEO Sam Altman wants an international agency to regulate artificial intelligence. Altman said an agency approach would be better than inflexible laws given AI’s rapid evolution. He compared AI to airplanes, emphasizing the need for a safety testing framework. OpenAI CEO Sam Altman says he’s keen on regulating AI with an international agency. “I […]

Sam Bankman-Fried says he never thought what he was doing at FTX was illegal

Sam Bankman-Fried says he’s “haunted, every day” by what happened at FTX. The disgraced crypto mogul told ABC News that he never thought what he was doing was illegal. Bankman-Fried was convicted of seven criminal counts and sentenced to 25 years in prison last week. Former FTX CEO Sam Bankman-Fried says he “never intended to hurt […]

Sam Crish’s motion to reduce sentence is denied

Mar. 29—TOLEDO — A federal judge has ruled that former Allen County Sheriff Sam Crish is “not worthy” of a reduction in the prison sentence he is currently serving for accepting bribes and extorting individuals to cover his gambling debts. Crish, who served eight years as Allen County’s sheriff and was elected three times, was […]

How Sam Bankman-Fried’s 25-year sentence compares to Bernie Madoff and Elizabeth Holmes’s jail time

Sam Bankman-Fried’s sentence of 25 years puts him in the same league as other well-known financial fraudsters, including, clockwise from upper left, Bernie Madoff, Lawrence Duran, Bernie Ebbers, Allen Stanford and Jeffrey Skilling. – MarketWatch photo illustration/Getty Images With a sentence of 25 years in prison, Sam Bankman-Fried joins a list of notorious white-collar criminals […]

Judge thrashes Sam Bankman-Fried for claiming FTX customers didn’t lose any money before handing down 25-year sentence

Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX, sits with his lawyers Torrey Young and Marc Mukasey.REUTERS/Jane Rosenberg Sam Bankman-Fried’s lawyers claimed that FTX customers had “zero” losses when the exchange collapsed. They argued in favor of a light sentence for the convicted crypto mogul on Thursday. The judge was not persuaded. The federal […]