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Sep 25, 2024

Caroline Ellison sentenced to 2 years in prison for involvement in FTX scandal

Bay Area Times
Bay Area Times

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  1. Caroline Ellison sentenced to 2 years in prison in FTX case
  2. Google releases new Gemini 1.5 Pro, Gemini 1.5 Flash models
  3. OpenAI’s Advanced Voice Mode updated with new look, voices
  4. Mark Zuckerberg getting away from politics
  5. Canva sees monthly users 2.5x from 2022 to 190M

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0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Caroline Ellison sentenced to 2 years in prison for involvement in FTX scandal

  • Also ordered to forfeit $11B by Judge Lewis Kaplan in NY.

  • Has 45 days to surrender voluntarily.

  • SBF got 25 years, by comparison.

  • She was SBF’s one-time girlfriend and CEO of Alameda Research.

  • Oct. 30: sentencing of Nishad Singh, FTX’s former head of engineering.

  • Nov. 20: sentencing of Gary Wang, co-founder of FTX.

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3. Google releases new Gemini 1.5 Pro, Gemini 1.5 Flash models

2x faster output and 3x less latency than the versions released in June:

Google.

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