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Celsius founder Alex Mashinsky sentenced to 12 years in prison
The DOJ charged Mashinsky with securities fraud in 2023, accusing him of misrepresenting Celsius’s business and finances. It also claimed Mashinsky artificially inflated the price of the platform’s token, CEL, by “spending hundreds of millions purchasing it on the open market.” Mashinsky pleaded guilty to one count of securities fraud and one count of commodities fraud last December. “Alexander Mashinsky…
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Ring founder Jamie Siminoff is back at Amazon
Ring founder Jamie Siminoff returned to Amazon this week, coming back to the company just about two years after he left, Bloomberg reports. He’s now a vice president at the company, and he will be heading up the Ring, Blink, Amazon Key, and Sidewalk teams. Siminoff is replacing Liz Hamren, who had taken over following Siminoff’s initial departure. Hamren and…
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Pebble founder on why he’s bringing Pebble watch back — ‘Samsung, Google, Apple don’t take any risks’
It’s not often that a gadget gets a chance to come back from the dead; from Palm to Blackberry, there are dozens of once-popular devices that are gone, and likely never to return. Pebble was one of those brands. About ten years ago, this small inexpensive smartwatch launched as a Kickstarter and gained a cult following for its simplicity and…
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Panasonic revives its late founder as AI – Computerworld
Japanese electronics company Panasonic has created an AI version of its founder, Kōnosuke Matsushita, who died in 1989, The Japan Times reports. Matsushita was one of the most respected figures in the Japanese business world and his book, The Path, is usually considered as mandatory reading for Japanese entrepreneurs. According to Panasonic, the number of people Matsushita personally trained at the…
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Russia arrests US-sanctioned Cryptex founder, 95 other linked suspects
Russian law enforcement detained almost 100 suspects linked to the Cryptex cryptocurrency exchange, the UAPS anonymous payment service, and 33 other online services and platforms used to make illegal payments and sell stolen credentials. Following 148 raids, 96 individuals were arrested and charged with organizing and participating in a criminal organization, unlawful access to computer information, illegal payment processing, and…
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Character.ai founder to co-lead Gemini AI, says report – Computerworld
Google provided the startup with more funding in return for a non-exclusive license for its current LLM technology. Shazeer and Daniel De Freitas — with whom he cofounded Character.ai in 2021 — were expected to join Google as part of the deal. Other Character.ai employees were expected to stay with the company, though, expanding on the startup’s products, with the…
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