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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

SAM BANKMAN-FRIED SENTENCED TO 25 YEARS FOR FTX FRAUD

FTX co-founder Sam Bankman-Fried has been sentenced to a total of 300 months in prison for seven counts of conspiracy and fraud charges. He has also been ordered to forfeit more than $11 billion, including property. The sentence is shorter than the 40 to 50 years requested by the prosecutors, but longer than the six and a half years his lawyers asked for and far less than the maximum of 110 years. Bankman-Fried has been residing in custody since August 2023, where he has been subjected to multiple extortion attempts.

SAM BANKMAN-FRIED SENTENCED TO 25 YEARS IN PRISON FOR ORCHESTRATING FTX FRAUD

FTX co-founder Sam Bankman-Fried has been sentenced to 25 years in prison on seven fraud and conspiracy charges related to the collapse of the FTX exchange. He was also fined $11 billion, around the same amount that was lost by the exchange and the Alameda trading firm. The judge recommended he serve his sentence in a medium or low-security federal prison near the Bay Area to facilitate family visitation.

FACEBOOK LET NETFLIX SEE USER DMS, QUIT STREAMING TO KEEP NETFLIX HAPPY

Facebook Watch, announced in 2017, never really took off. Recently revealed documents show the company's plans for the platform and how it was confident in its ability to compete with Netflix. Mark Zuckerberg abruptly announced a change in strategy in May 2018, suddenly slashing the budget for the platform. He claimed the budget changes were based on his knowledge of the company's strategy and financial outlook. Months later, Facebook and Netflix announced a new data-sharing agreement that involved Netflix reaching $200 million in advertising spend by 2019. The companies also had a data-sharing agreement that may have allowed Netflix to access Facebook users' private messages.

HOW WE’LL REACH A 1 TRILLION TRANSISTOR GPU

Recent achievements in AI have been due to three factors: innovation in efficient machine-learning algorithms, the availability of massive amounts of data to train neural networks, and progress in energy-efficient computing through the advancement of semiconductor technology. The industry will need much more powerful devices to continue at its current pace. For the past 50 years, the industry has focused on shrinking the transistor, but now, there are many more possibilities. Future GPUs will not be restricted to the sizes and form factors of current devices - integrated AI systems will be composed of as many energy-efficient transistors as is practical.

VALKEY: THE OPEN SOURCE ALTERNATIVE TO REDIS BACKED BY AWS, GOOGLE, ORACLE

Valkey is a high-performance data structure server that primarily serves key/value workloads. It is an open-source fork of the popular Redis data store. The project started as Redis Labs, the company behind the original Redis codebase, changed Redis to more restrictive licensing. The Valkey fork has assembled an impressive roster of maintainers and contributors and has wide-ranging industry support.

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