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This was the year when the worlds of cryptocurrency and AI were both hit by drama, says Annalee Newitz
By Annalee Newitz
Simone Rotella
THIS was the year when two of Silicon Valley’s biggest hype blimps – cryptocurrency and artificial intelligence – were deflated by drama. First came the downfall of Sam Bankman-Fried, whose shady cryptocurrency empire landed him in court, where he was convicted of fraud and conspiracy. During his trial, witnesses and evidence revealed that Bankman-Fried’s cryptocurrency exchange FTX was siphoning billions of dollars from unwitting investors into one of his other assets, a cryptocurrency trading firm called Alameda Research.
A few weeks later, the other Silicon Valley Sam – Sam Altman – went through a corporate melodrama. Altman is CEO of OpenAI, maker…
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