US authorities say the co-founder of Super Micro Computer, Inc. has been charged and arrested over an alleged multi-billion dollar scheme to smuggle advanced artificial intelligence chips from the US to China. The Justice Department said in a statement on Thursday that it had unsealed an indictment charging Yih-Shyan “Wally” Liaw, as well as Super … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Supermicro’s co-founder and two others working for the company have been charged in New York for allegedly violating US export controls by smuggling $2.5bn of Nvidia’s AI chip servers to Chinese customers. The US attorney’s … Read more
UPDATED with California AG comment: Nexstar said Thursday that it had closed its acquisition of Tegna following approvals from the FCC and the Justice Department. The $6.2 billion merger, which will create a broadcast station giant, was given the greenlight by the FCC’s Media Bureau, clearing a hurdle amid opposition from some distributors and a … Read more
US gaming lawyer Daniel Wallach says a Nevada state court-issued restraining order against Kalshi appears imminent, preventing it from offering sports-related contracts. A federal appeals court has cleared Nevada state authorities to enforce a temporary restraining order on Kalshi to block its sports event contracts. The Ninth Circuit Appeals Court on Thursday denied Kalshi’s emergency … Read more
SPOILER ALERT: The below contains major spoilers about tonight’s episode of HBO Max‘s The Pitt titled “5:00 p.m.” Tonight’s episode of HBO Max’s The Pitt deals with the issues and realities hospitals and medical staff are facing when ICE, the U.S. Immigration and Customs Enforcement, embed themselves into emergency rooms all over the country. Producer … Read more
The major gold trade association, World Gold Council, and the Boston Consulting Group have proposed a new platform to modernize how the precious metal operates in digital financial systems. The World Gold Council said on Thursday that it published a white paper on “Gold as a Service,” a new platform to “support the issuance and … Read more
There’s already excellent word of mouth for Amazon MGM Studios‘ sci-fi dramedy Project Hail Mary, with a 98% Rotten Tomatoes audience score and 95% certified fresh from critics. The global outlook is around $100 million+ with a 90% offshore footprint, or 82 markets. North America is looking to land $60M+ at 4,000 theaters, and there … Read more
Shares in crypto exchange Gemini surged after hours as stronger-than-expected fourth-quarter results showed revenue growth driven by credit card adoption and a reworked fee structure. Gemini reported on Thursday that its Q4 revenues rose 39% from the year-ago quarter to $60.3 million, reportedly beating analyst expectations of $51.7 million. It reported a net loss of … Read more
ABC has made one decision following the bombshell decision to pull the upcoming season of The Bachelorette starring Taylor Frankie Paul three days before its premiere — what will fill the 8 PM – 10 PM slot this Sunday, March 22. A rerun of this week’s episode of American Idol, featuring the Top 20 contestants, … Read more
Brad Simpson: We didn’t actually have that conversation. I realized that we haven’t had as much cigarette acting in a show since Sarah Paulson as Marcia Clark in The People vs O.J. But John and Carolyn were smokers. It was the ’90s. We decided to be accurate, and we’re on FX. Kids still shouldn’t smoke, … Read more