Daily Tech News 16 November 2022

• Tech industry job cuts are overblown. (Protocol)

  Silicon Valley will likely see a culture shift after all the carnage at Twitter, Meta, and elsewhere, but it won't be a long-term switch, according to Church and Crivello.
  
  Crivello predicted that engineers' lives would become 20% more intense for a year or so before going back to normal. It's "just economics," he said.
  
  "Historically, there has been infinite demand for engineers and very little supply," Crivello said. "These companies have very little leverage."

  Well that's good to hear. Thanks to the tireless journalists at Protocol for clearing that up.
  
  
  
• Tech news site Protocol is closing its doors and laying off its entire staff. (CNN)
  
  Oh.

• Nvidia's RTX 4080 is here and overpriced. (Tom's Hardware)
  
  If you're looking to spend $1200 for the second-best video card, it makes sense to plunk down the extra $400 for the best video card.
  
  If you just want to play games pretty well, why not wait a month and get AMD's cheaper and (probably) faster 7900 XTX?
  
  
  
• FTX owes money to more than a million people. (Vice)
  
  Take a number, kids. You're in for a long wait before these leeches cough up a single dime.
  
  
  
• Disgraced FTX CEO Sam Bankman-Fried went to Twitter to announce that... You have got to be shitting me. (News.com.au)
  
  He's looking for investors so he can pay back the billions of dollars he stole from the first lot of investors.
  
  

  15) A few weeks ago, FTX was handling ~$10b/day of volume and billions of transfers.
  
  But there was too much leverage--more than I realized. A run on the bank and market crash exhausted liquidity.
  
  So what can I try to do? Raise liquidity, make customers whole, and restart.

  — SBF (@SBF_FTX) November 16, 2022

  
  
  
  
• Was FTX one huge money laundering scheme run by the Washington elite?
  
  

  Why is SBF so protected?
  
  Why is everyone from SEC to NYT running interference for him?
  
  He was basically Soros junior — just with stolen customer money — and evidently bought off the entire media, nonprofit, political, and regulatory establishment.https://t.co/pUvni18YQ9

  — Balaji (@balajis) November 15, 2022

  
  

  We need a list of all the “donations” SBF made, potentially with stolen money. Here are at least four:
  
  - $69M in political donations, mostly to Democrats, some to Republicans via his subordinate
  - $190M to a foundation
  - $128M to a PAC
  - Undisclosed amount (!)
  
  There’s more… pic.twitter.com/Ryjo6vixZH

  — Balaji (@balajis) November 16, 2022

  
  

  All kinds of obfuscation games have been played here. Donations made with possibly stolen funds. Numbers that are publicly known may just be the tip of the iceberg.
  
  Where did the ten billion go? How much was stolen? And when was it stolen? pic.twitter.com/DSOuzcE1LL

  — Balaji (@balajis) November 16, 2022

  
  
  The only question is, is SBF going to get Epsteined or Maxwelled?
  
  
  
• NASA is planning a test launch of the Artemis 1 Moon rocket today. (Space)
  
  Good luck. Always good to see engineers breaking new ground like this.
  
  
  
• The Australian government is considering legislation banning ransomware payments. (The Record)
  
  They've also organised a national task force - a joint operation by Australia's equivalents of the FBI and NSA - dedicated to hunting down the bastards and "making them eat their own intestines".

posted by Pixy Misa at 04:00 AM

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