12 Oct 2023

Tech: FTX crypto fraud trial, generative AI and how much

From Nine To Noon, 11:05 am on 12 October 2023

Technology correspondent Peter Griffin joins Kathryn to talk about the trial of FTX founder Sam Bankman-Fried as his ex-girlfriend takes the stand.

What lessons have been learned in the crypto industry following the scandal?

There are concerns about how much energy is required to run computer processing for generative AI, as a new report suggests Microsoft is losing money on one of its flagship AI products because it's so resource intensive to run.

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court in New York, on January 3, 2023. A US federal judge on August 11, 2023 ordered FTX founder Sam Bankman-Fried back to prison after prosecutors argued he had violated the conditions of his bail and tampered with witnesses. US District Judge Lewis Kaplan directed the disgraced former cryptocurrency highflyer, who had been confined to his parent's California home, back into federal custody.

Photo: Timothy A. Clary / AFP