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How Elizabeth Holmes was imprisoned

Theranos was worth $10 billion ten years ago. Wire fraud indicted her five years ago. Holmes began her 11-year-and-3-month sentence today. A defendant is usually convicted and imprisoned soon after indictment. Holmes’ legal team has played every card to delay her fall, which was once hailed as the next Steve …

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Meta’s bespoke chips and supercomputer bet on AI

Meta revealed its in-house infrastructure for AI workloads, including generative AI like that used in its recently unveiled ad design and creation tools, at a virtual event this morning. Meta tried to show its superiority by adopting AI-friendly hardware systems, which has slowed its progress compared to Google and Microsoft. …

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Virgin Galactic plans a May crewed flight

Virgin Galactic hopes to resume crewed flights later this month, nearly two years after its first and only flight in July 2021. The space tourism company announced Monday that it will launch four people in late May. The mission validates the spaceflight system and “astronaut experience” before commercial service begins …

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GDPR fine for MWC’s biometric ID checks due diligence

European conferences and other in-person events are rushing to use facial recognition without considering data protection risks. beware: Spain’s data protection watchdog fined Mobile World Congress (MWC) organizers €200,000 ($224k) for violating privacy rules at the 2021 show in Barcelona. The Agencia Espaola de Protección de Datos (AEPD) found MWC …

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MindGeek, the owner of Pornhub, sold to a private equity firm

Many adult entertainment websites owned by MindGeek, including Pornhub, Brazzers, and Redtube, were purchased by a Canadian private equity company, Ethical Capital Partners (ECP). The deal’s specifics were kept under wraps by ECP, which was only founded last year. With ECP’s resources and extensive expertise spanning regulatory, law enforcement, public …

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Geniee of Japan purchases Zelto, an AdPushup operator, for $70 million

According to a person with knowledge of the situation, the Japanese marketing technology company Geniee, a member of the SoftBank Group, paid about $70 million in cash to acquire the revenue optimization platform Zelto (previously known as AdPushup), providing investors in the startup that started out in India with a …

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