Vance, who was an investor, board member, and spokesman, claimed AppHarvest was “a great business that’s making a big difference in the world.” It declared bankruptcy last year.
Several former employees told CNN they thought Vance and other board members should have recognized and responded to warning signs that company officials were misleading the public and their own investors.
Randal Cooper imagines a response to a user trying to quit the platform formerly known as Twitter:
These actions constitute an illegal one-person boycott that infringes on our client’s constitutional right to free speech, as well as his right to monetize that speech in several ways, and has caused him irreparable harm.
[McSweeney's Internet Tendency]
Medialab, started by Whisper co-founders Michael Heyward and Brad Brooks, has left a trail of lawsuits following its acquisitions. Apparently it loaded up on cheap debt — and the Genius lawsuit alleges that it’s slow-rolling its acquisition payments to service that debt.
Byron Bernstein had six livestreamed conversations with Alok Kanojia, a psychiatrist. Then Bernstein died by suicide. Were those conversations ethical?
[The New York Times]
Yesterday, we got a cetacean entry in the annals of photobombing. Congratulations to everyone involved, and also to me, since I have watched this clip like 10 times.
The newspaper will file an amended complaint by August 12. If the Times wins its suit, adding those works means those two companies are on the hook for a minimum of $7.5 billion in statutory damages alone.
Elliott Management, famous for targeting underperforming companies such as Twitter, says Nvidia is in a bubble, in a new letter to investors.
Many of AI’s supposed uses are “never going to be cost-efficient, are never going to actually work right, will take up too much energy, or will prove to be untrustworthy”, it said.
[Financial Times]
The sell-off at least in part is about Wall Street losing confidence in AI. (I did warn you it was going to be a year of reckoning back in February!) There are a couple of other things going on, with potentially long-term effects on tech, too.
Crypto, a proxy for investors’ appetite for brainless risk, started a plunge that continued to worsen into Monday morning. The cause of all this came from three surprising pieces of economic data that came out last week, causing traders to rethink how they make, or at least don’t lose, money.
[Intelligencer]