Alexandr Wang says he is departing Scale AI as CEO to join Meta and names Chief Strategy Officer Jason Droege as interim CEO; Wang will remain a board director
Shirin Ghaffary / Bloomberg :
Sources: Haofei Wang, X's director of engineering, has suddenly left the company; Wang joined X in July 2023
Kylie Robison / The Verge :
US filing: FTX co-founder Gary Wang, due for sentencing on November 20, built “tools” to help the US detect potential fraud in the stock and crypto markets
- Prosecutors said the Wang offered ‘outstanding’ cooperation — Much like his former FTX colleagues that became government witnesses …
A look at telehealth startup Done Global, whose owner was arrested by the US in June for allegedly running a “pill mill”, as it continues to operate from China
Rolfe Winkler / Wall Street Journal : X: @wsj , @laurenbalik , @stephpstrong , @rolfewinkler , @jchengwsj , @jchengwsj , @jchengwsj , @heathernauert , @dseetharaman , @rolfewinkler , and @jchengwsj ....
A look at telehealth startup Done Global, whose owner was arrested by the US in June for allegedly running a “pill mill”, as it continues to operate from China
Rolfe Winkler / Wall Street Journal : X: @dseetharaman , @jchengwsj , @laurenbalik , @heathernauert , @jchengwsj , @jchengwsj , @rolfewinkler , @rolfewinkler , @stephpstrong , and @jchengwsj . Linked...
How Scale AI's $13.8B valuation from May 2024's $1B funding round is almost certainly too high, given below-average margins, a reliance on few clients, and more
Cory Weinberg / The Information : Threads: @paul_rietschka . X: @coryweinberg and @coryweinberg Threads: Paul Rietschka / @paul_rietschka : This company with its high school graduate CEO is absolutel...
The US and global partners dismantle the 911 S5 proxy botnet, “likely the world's largest botnet ever”, linked to 19M+ IPs, and arrest its alleged administrator
US government seizes 911 S5 operation and takes it offline Associated Press : International Authorities Arrest Man Allegedly Behind 'Likely the World's Largest Botnet Ever' Xinghui Kok / Reuters : US ...
FTX co-founder Gary Wang testifies that Alameda Research had “special privileges” that afforded a $65B line of credit, of which the firm ultimately withdrew $8B
and then lied about it Owotunse Adebayo / Cryptopolitan : FTX co-founder makes shocking revelation at SBF's trial New York Times : New Details About FTX Emerge as Bankman-Fried's Trial Begins Chimaman...
Sources: former FTX COO Zhe “Constance” Wang has joined crypto VC firm Sino Global Capital; Wang has not been accused of wrongdoing in FTX or Alameda's collapse
- Wang worked at Credit Suisse and Huobi before joining FTX — Wang held COO position at FTX up until the exchange collapsed
A profile of Alexandr Wang, a co-founder of Scale AI, which outsources ~240K workers via its subsidiary Remotasks to label the data used to train AI systems
hundreds of thousands of them — powering AI. https://www.forbes.com/... https://twitter.com/... @ycombinator : “There's two things I deeply believe. One, AI is a huge force for good, and it needs to b...