Tuesday, November 29, 2022

Some US auditors say FTX's collapse has led them to designate crypto clients as "high risk", resulting in longer audits, higher fees, or dropping clients (Stephen Foley/Financial Times)

Stephen Foley / Financial Times:
Some US auditors say FTX's collapse has led them to designate crypto clients as “high risk”, resulting in longer audits, higher fees, or dropping clients  —  Collapse of Sam Bankman-Fried's company highlights risks in industry where accounting rules are only half-formed



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Bill Gates warns about the catastrophic risk posed by "people with ill intent using the latest AI tools", which are powerful enough to "cause a billion deaths" (Herb Scribner/Axios)

Herb Scribner / Axios : Bill Gates warns about the catastrophic risk posed by “people with ill intent using the latest AI tools”, which a...