Ripped From The Headlines, November 3, 2023
#SBF Found Guilty In 1st Trial, World Economy: US vs China, AI "Not Ready For Prime Time" - Read, Share, & Subscribe - SherlocExposes.com
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“A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison.
Bankman-Fried, the 31-year old son of two Stanford legal scholars and graduate of the Massachusetts Institute of Technology, was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against Alameda Research lenders, conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering.
He had pleaded not guilty to the charges, which were all tied to the collapse late last year of FTX and sister hedge fund Alameda.
‘Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history,’ Damian Williams, U.S. attorney for the Southern District of New York, said in a briefing after the verdicts were read. ‘While the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time. This case has always been about lying, cheating, and stealing, and we have no patience for it.’
Attorney General Merrick Garland said in a statement: ‘Sam Bankman-Fried thought that he was above the law. Today’s verdict proves he was wrong.’
‘This case should send a clear message to anyone who tries to hide their crimes behind a shiny new thing they claim no one else is smart enough to understand: the Justice Department will hold you accountable.’”
THINGS TO PONDER:
We may finally see some appropriate justice from the people who are actually supposed to extract it…
That said, we’re wondering what’s going to happen in the trial that’s supposed to begin on March 11, 2024…
Because it involves the politicians that #SBF gave money to.
Will that magically go away, or will we see ALL of the players get their just due?
Click Here to catch up on all things #SBF from Ripped From The Headlines.
Click Here to read the full article.
“China passed a significant milestone last fall: For the first time since its economic opening more than four decades ago, it traded more with developing countries than the U.S., Europe and Japan combined. It was one of the clearest signs yet that China and the West are going in different directions as tensions increase over trade, technology, security and other thorny issues.
For decades, the U.S. and other Western countries sought to make China both a partner and a customer in a single global economy led by the richest nations. Now trade and investment flows are settling into new patterns built around the two competing power centers.
In this increasingly divided world economy, Washington continues to raise the heat on China with investment curbs and export bans, while China reorients large parts of its economy away from the West toward the developing world.
Benefits for the U.S. and Europe include less reliance on Chinese supply chains and more jobs for Americans and Europeans that otherwise might go to China.
But there are major risks, such as slower global growth—and many economists worry the costs for both the West and China will outweigh the advantages.
The strategies are growing harder to unravel as both sides sink more resources into them.”
THINGS TO PONDER:
Does each side of this battle really have a gun to the other’s head?
Or, is everyone in on the China 2049 plan?
It’s tough to tell sometimes given how the current administration in the US handles things…
The other thing is BRICS…
If the dollar is dominant and that isn’t going to change, then why are these countries lining up together to change currency dominance?
Watch what they say AND what they do.
Click Here to learn more about BRICS, and the real dangers looming for the US.
Know Your Foe.
Click Here to read the full article.
“Powerful artificial intelligence models are easier to exploit than people know, and generative tools are not ready for prime time in the military, according to Defense Department officials.
A Defense Advanced Research Projects Agency program blew past security constraints to probe complex algorithms called large language models and discovered resulting tech posed risks, according to program manager Alvaro Velasquez.
Such models are ‘a lot easier to attack than they are to defend,’ he said in remarks shedding new light on Pentagon experiments of AI at a National Defense Industrial Association symposium on Halloween.
‘I’ve actually funded some work under one of my programs at DARPA where we could completely bypass the safety guardrails of these LLMs, and we actually got ChatGPT to tell us how to make a bomb, and we got it to tell us all kinds of unsavory things that it shouldn’t be telling us, and we did it in a mathematically principled way,’ he said.
Mr. Velasquez joined DARPA last year to research AI. He is managing programs scrutinizing AI models and tools, including one focused on machine learning techniques called Reverse Engineering of Deceptions, according to DARPA’s website.
THINGS TO PONDER:
Programs like OpenAI/ChatGPT are being heralded as the “be all, end all…”
But it’s relatively easy to manipulate them.
We think it would be helpful for you to better understand how someone like Sam Altman (founder of OpenAI) operates.
Click Here to read.
Know Your Foe.
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