Good Afternoon! Welcome to another addition of the Pulse. I hope you all are having a better day than Sam Bankman-Fried. Other exciting events this week as Apple announces their big annual conference while also being sued by the U.S. on monopoly allegations. Boom Supersonic has a successful test flight of XB-1 and Amazon’s additional investment into Anthropic.

TL;DR

• Bankman-Fried 25-Year Sentence for FTX fraud.

• Apple announces conference: Possible AI strategy reveal.

• Boom Supersonic Successful Test Flight - A step towards faster air travel.

• Amazon Invests another $2.75B in Anthropic.

• U.S. Sues Apple: Alleges illegal monopoly.

Bankman-Fried is officially in timeout for 25 years

Sam Bankman-Fried has received a 25-year sentence for defrauding FTX customers of $8 billion, concluding his rapid descent from a cryptocurrency mogul to a convicted fraudster. Judge Kaplan highlighted Bankman-Fried's dishonesty and lack of remorse, imposing an $11 billion forfeiture order for victim compensation, amidst broader U.S. crackdowns on crypto malfeasance.

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Apple’s Annual Dev Conference, WWDC, June 10-14th

Apple's WWDC is expected to reveal its AI strategy, hinted by CEO Cook, the conference may also showcase new software for iPhone, iPad, Mac, and Apple TV, alongside an update for the Vision Pro VR headset.

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Inaugural Test Flight a Success for Boom

Boom Supersonic's XB-1 prototype took its inaugural flight, advancing the company's ambition to revive commercial supersonic flights. Despite delays and the end of a partnership with Rolls-Royce, Boom's test in the Mojave Desert demonstrates ongoing progress. The XB-1, using vintage engines, is a key step toward developing the Overture airliner, aimed for a 2030 debut, amidst challenges like sonic boom regulations and the need for sustainable fuel.

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Amazon Tops Off a Cool $2.75B into Anthropic

Amazon injects an additional $2.75 billion into AI startup Anthropic, reaching a $4 billion total investment. This partnership aims to advance generative AI, with Anthropic using AWS and Amazon's chips for AI model development. Anthropic's AI models will be available to AWS's business customers, highlighting the tech giant's deepening AI focus.

Read the full article here

More News and Links

The Browser Firm Secures $50M Funding, Valued at $550M

Nvidia's Revenue Soars by 265%, Marking a Year of Rapid Expansion

Celestial AI Clinches $175M in Series C Funding for Chip Innovation

Musk's xAI Opens Chatbot Grok to All X Premium Subscribers

We hope you are enjoying these as much as we are. Talk soon and have a great rest of your week.

Cheers,

Adam Valenta

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