Saturday, November 9, 2024

FTX sues Anthony Scaramucci, Crypto.com, Zuckerberg's FWD.US, and others to recoup SBF's "investments" as part of his "campaign of influence-buying" in 2022 (Bloomberg)

Bloomberg:
FTX sues Anthony Scaramucci, Crypto.com, Zuckerberg's FWD.US, and others to recoup SBF's “investments” as part of his “campaign of influence-buying” in 2022  —  - Lawsuit says $67 million was invested into Skybridge endeavors  — FTX Says investments conveyed ‘little to no benefit’



The Taiwan Semiconductor Industry Association says Taiwan's semiconductor production is on track to increase 22% YoY to a record $165B in 2024 on AI demand (Nikkei Asia)

Nikkei Asia:
The Taiwan Semiconductor Industry Association says Taiwan's semiconductor production is on track to increase 22% YoY to a record $165B in 2024 on AI demand  —  HSINCHU, Taiwan — Taiwan's semiconductor production is on track for a 22% increase this year to a record 5.3 trillion New Taiwan dollars …



Analysis: US private construction spending on data centers grew to ~$30B/year, over 2x the amount in late 2022; global spending is on track to reach $250B/year (Ben Holland/Bloomberg)

Ben Holland / Bloomberg:
Analysis: US private construction spending on data centers grew to ~$30B/year, over 2x the amount in late 2022; global spending is on track to reach $250B/year  —  US companies are plowing money into building data centers as they race to get ahead in artificial intelligence.



Data shows open interest on Polymarket fell 64% from $510.95M on November 5 to $184.16M by November 8, highlighting the platform's reliance on political betting (MK Manoylov/The Block)

MK Manoylov / The Block:
Data shows open interest on Polymarket fell 64% from $510.95M on November 5 to $184.16M by November 8, highlighting the platform's reliance on political betting  —  - Open interest on Polymarket soared to $510.95 million by Nov. 5 and subsequently fell to $184.16 million by Nov. 8, The Block's data shows.



UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published what it called the world's first guidance on auditor AI usage (Ellesheva Kissin/Financial Times)

Ellesheva Kissin / Financial Times : UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published...