ftx

Sam Bankman-Fried seen leaving a Manhattan Federal Court earlier this year.

Hard Numbers: FTX’s 'altruistic' donations, Government-funded AI, Microsoft’s payoff, Chip wars, Anthropic cash infusion

The Graphic Truth: Crypto's annus horribilis

The Graphic Truth: Crypto's annus horribilis

Crypto bros can't wait for 2022 to be over. The year kicked off with cryptocurrencies riding the wave of the global post-pandemic economic boom. But then Russia's war in Ukraine upended global markets and worsening inflation prompted central banks to start hiking rates, which slashed investors' appetite for risk. What's more, a string of scandals — mainly the collapses of the TerraUSD stable coin and the FTX crypto exchange — undermined overall trust in crypto, leading to the worst annual performance in the industry's history. We track how Bitcoin and Ethereum, which together accounts for more than half of global crypto transactions, have traded since the beginning of the year.

Man standing in front of a library

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Local know-how can unlock AI opportunity

As AI creates new opportunities, the people who understand a community best play an important role in determining how those opportunities take shape. Across the US, Microsoft is supporting AI literacy classes as part of a new program developed in collaboration with the Public Library Association, working through trusted local institutions to help people build practical AI skills. By pairing new technology with local knowledge, the initiative is helping communities explore how AI can support their needs and open new possibilities, while putting local leaders and organizations at the center of that work. Read the full story here.

Biden's Africa Summit won't gain influence for US without investment

Biden's Africa Summit won't gain influence for US without investment

What does Biden hope to achieve from his Africa summit? Why did Putin cancel his annual press conference? SBF is busted. That's right. At some point he's probably going to end up in jail. What does this mean for crypto exchanges around the world? Ian Bremmer shares his insights on global politics this week on World In :60.