FTX EU launches withdrawal website to pay back European users
The European arm of FTX has launched a website to allow customers in Europe to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. Meanwhile, in the United States, lawyers for former CEO Sam Bankman-Fried have entered a not-guilty plea for five additional charges, including accusations of bribery in China. On bail since being turned over to U.S. custody from the Bahamas, Bankman-Fried is now prohibited from using any smartphone with internet access as part of a new court agreement.
Elon Musk-led petition to halt AI development divides tech community
Tesla (NASDAQ:TSLA) CEO Elon Musk and Apple (NASDAQ:AAPL) co-founder Steve Wozniak were signatories on an open letter signed by more than 2,600 tech industry leaders and researchers calling for a temporary halt on any further artificial intelligence (AI) development. The petition shared concerns that AI with human-competitive intelligence can pose serious hazards to society and mankind. It urged all AI firms to immediately cease developing AI systems that are more potent than GPT-4 for at least six months. Although supported by many, the petition has divided the larger tech community over the halt of developments.