Financial Services – pressnews

[ad_1] FTX co-founder Sam Bankman-Fried returns to the stand Monday, when he's likely to face a bruising cross-examination based on his Friday testimony that he made mistakes but didn't commit fraud that led to the cryptocurrency exchange's collapse.Bankman-Fried was questioned by his own lawyer on Friday, and he used his time on the stand to offer alternative explanations for actions prosecutors have described as nefarious. The case against Bankman-Fried centers on allegedly fraudulent transfers of billions in FTX customer funds to an affiliated hedge fund, Alameda Research, in which he held a 90% interest. We are now on WhatsApp. Click to join. The onetime crypto mogul also tried to push back on the prosecution testimony of three former close associates — FTX co-founder Gary Wang, eng...

[ad_1] What is the role of artificial intelligence in human activity? Is it that of command and control or an aid to achieving set targets or goals? While one points towards a benevolent AI, the other may refer to something dangerous. Speaking on the issue of AI on Friday was Salesforce India CEO Arundhati Bhattacharya who said that artificial intelligence and generative technology is more of an assistant than a self-functioning unit.She added that at present, there is always a human involved in AI operations and it is difficult to say if it will work on its own in the future. "It's more of an assistant right now. We have not reached the point where we can allow it (to operate independently)... will it be totally on its own at some point, is very difficult to say now," she said. She add...

Tag: Financial Services

FTX origins, mistakes made, ‘Freakoutness’: SBF on the stand

AI brings affordability and has specific use cases to solve problems, says Salesforce India CEO