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Charlie Javice Duped JPMorgan Out of $175 Million. The Bank Is Picking Up Her Legal Tab

Iain Martin @iainmartin.bsky.social · 5h

It’s unclear why Javice and Amar’s defense costs ($115 million) were so high. They appear to dwarf those of Theranos Inc.’s Elizabeth Holmes, who amassed at least $30m in legal bills for her defense www.bloomberg.com/news/article...

JPMorgan Chase & Co. was hit with $115 million in lawyers’ bills for Charlie Javice and a second executive convicted of defrauding the bank, yet another twist in a years-long legal saga that’s cap...

Revolut’s Billionaire Cofounder Nik Storonsky Relocates To Dubai

Iain Martin @iainmartin.bsky.social · 1d

Revolut Billionaire CEO Is The Latest Ultra-Wealthy Founder To Leave London After Tax Change
www.forbes.com/sites/iainma...

Revolut cofounder Nik Storonsky is the latest billionaire to shift their residence away from the U.K. after the British government scrapped a generous tax break

IPO Backed By Former Texas Governor, Energy Secretary Mints Three Billionaires

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Iain Martin @iainmartin.bsky.social · 6d

Fermi, founded in January, hasn’t made a dime—in fact, it lost $6.4 million over its first six months of existence. That’s not surprising given that it doesn’t have any customers yet. It just went public at $15bn, minting three new billionaires
www.forbes.com/sites/kylemu...

Fermi America’s IPO on Wednesday catapulted the fortunes of multiple investors—including Rick Perry’s son and the son of a former GOP congressman—into the ten figures.

The $10 Billion Enigma of Mira Murati

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Iain Martin @iainmartin.bsky.social · 6d

“It was the most absurd pitch meeting,” one investor who met with Murati said. “She was like, ‘So we’re doing an AI company with the best AI people, but we can’t answer any questions.’”
www.theinformation.com/articles/10-...

This summer, Meta Platforms offered multiple researchers at artificial intelligence startup Thinking Machines Lab sizable compensation packages to join its new AI lab. When all of the researchers decl...

www.theinformation.com

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Reposted by Iain Martin

Emily Baker-White @ebakerwhite.bsky.social · 8d

My TikTok book is out in stores today!

Why should you read it? Because 1 in 5 Americans now get their news from this thing. We should all understand how it works.

It was inevitable that strongmen would seek to control a tool this powerful. The book is the story of what happened when they did.

W. W. Norton & Company @wwnorton.com · Feb 3

The rise of the most effective attention-algorithm ever invented, and the superpower struggle to control it.

EVERY SCREEN ON THE PLANET: THE WAR OVER TIKTOK by Emily Baker-White.

In Stores 9.30.25.
wwnorton.com/books/every-...

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Iain Martin @iainmartin.bsky.social · 12d

The Trump’s TikTok deal isn’t just about the social network. China’s Bytedance has a string of hit apps ranging from homeworker helper Gauth to AI agents www.forbes.com/sites/emilyb...

Will TikTok’s Parent Company's Other Apps, Be Saved, Or Banned?

U.S. law requires a ban of CapCut, Gauth, Lemon8, Coze, and many other ByteDance- owned apps, unless they are sold in the TikTok deal that President Trump announced today.

AI-Generated YouTube Channel Uploaded Nothing But Videos of Women Being Shot

Reposted by Iain Martin

Emanuel Maiberg @emanuelmaiberg.bsky.social · 16d

we're doing great, gen AI working out really well for everyone www.404media.co/ai-generated...

YouTube removed a channel that posted nothing but graphic Veo-generated videos of women being shot after 404 Media reached out for comment.

www.404media.co

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Iain Martin @iainmartin.bsky.social · 14d

"Genius Act" laying out rules for stablecoins would force issuers like Tether to be audited and end risky practices www.wsj.com/finance/curr...

The Big Loser From the ‘Genius Act’ Is $156 Billion Crypto Giant Tether

A bill laying out rules for stablecoins would force issuers like Tether to be audited and end risky practices.

www.wsj.com

Iain Martin @iainmartin.bsky.social · 14d

"The figures Tether cites are not subject to the same reporting standards as those disclosed by publicly traded companies."

This is a silly description for that the fact that Tether has never been audited and only discloses assets via an "attestation"

Crypto Giant Tether Seeks $500 Billion Valuation in Major Raise

Iain Martin @iainmartin.bsky.social · 14d

A company that makes $20 billion a year seeks to sell 3% of its equity for $20 billion at a $500 billion valuation
www.bloomberg.com/news/article...

Tether Holdings SA, issuer of the world’s largest stablecoin, is in talks with investors to raise as much as $20 billion, a deal that could propel the crypto firm into the highest ranks of the world’s...

Nvidia Keeps Minting New Coreweave-Style AI Data Center Unicorns

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Iain Martin @iainmartin.bsky.social · 15d

Nvidia’s Jensen Huang just bet $500 million that a tiny data center startup can become a British rival to Coreweave. www.forbes.com/sites/iainma...

Nscale, a tiny London-based startup, just landed $500 million in backing from AI chip giant Nvidia to help build a massive data centers for OpenAI in the U.K. and Europe.

Altman, Huang and the last-minute negotiations that sealed the $100 billion OpenAI-Nvidia deal

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Iain Martin @iainmartin.bsky.social · 15d

"OpenAI only informed Microsoft, its principal shareholder and primary cloud provider, a day before the deal was signed, the people familiar with the matter said. Earlier this year, Microsoft lost its status as OpenAI’s exclusive provider of computing capacity" www.cnbc.com/2025/09/23/a...

The $100 billion deal between Nvidia and OpenAI was struck under the pressure of a looming deadline during President Trump's U.K. trip.

www.cnbc.com

Reposted by Iain Martin

Rashi Shrivastava @rashis.bsky.social · 15d

A series of bold bets and calculated risks helped Michael Intrator turn @CoreWeave from a no-name crypto miner into a $50 billion company, serving compute to the likes of OpenAI and Microsoft. Elated to share my latest @forbes.com cover story with @pheebini.bsky.social www.forbes.com/sites/rashis...

How CoreWeave’s GPU Bet Made Four Risk-Loving Cryptominers AI Billionaires

Creative financing and an enormous appetite for risk helped CoreWeave’s Michael Intrator ride the AI data center boom to a $6.7 billion personal fortune. But as bubble fears mount, his reliance on bil...

www.forbes.com/sites/emilyb...

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Reposted by Iain Martin

Emily Baker-White @ebakerwhite.bsky.social · 20d

Too Soft On China? Congress Has Concerns About Trump’s TikTok Deal

The U.S. and China have long fought for control over TikTok’s algorithm. Chinese negotiators suggest a Chinese company will — but Congress says a U.S. company must.

Bizarre AI Generated Anti-Trump Videos Are Getting Billions Of Views On YouTube

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Iain Martin @iainmartin.bsky.social · 20d

"President Trump added $3 billion to his wealth over the last year, leveraging the presidency for profit"
www.forbes.com/sites/danale...

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Reposted by Iain Martin

Emily Baker-White @ebakerwhite.bsky.social · 21d

Friends, let me introduce you to a new, truly wild genre of YouTube vids

www.forbes.com/sites/emilyb...

Violent slapstick videos that glamorize dictators and dunk on Trump have become some of the most watched political content on YouTube in 2025.

Major U.S. comedians set to perform in Saudi Arabia urged not to help cover up "abuses of a repressive regime"

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Iain Martin @iainmartin.bsky.social · 21d

Tim Dillon, one of the comedians scheduled to perform at Riyadh's standup festival, claimed on his podcast that he's being paid $315,000 for a single show, and that some of his more famous colleagues would receive around $1.6 million for their appearances.
www.cbsnews.com/news/saudi-a...

A rights group is urging some top-level Western comedians not to be "complicit in covering up the abuses of a repressive regime" in Saudi Arabia.

www.cbsnews.com

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Iain Martin @iainmartin.bsky.social · 21d

The ubiquitous presence of “music lounges” along the streets of big Saudi cities has also turned them into a source of unease for those uncomfortable with the rapid top-down modernisation and sparked a crackdown
www.ft.com/content/2714...

Saudi Arabia cracks down on music ‘lounges’ after conservative backlash

Show is over for many nightlife venues as some Saudis recoil at what they see as seedy side of kingdom’s liberalisation

www.ft.com

Iain Martin @iainmartin.bsky.social · 21d

Charlie Javice, the entrepreneur convicted for defrauding JPMorgan Chase
into buying her college financial aid startup Frank for $175 million, should spend 12 years in prison for her crimes, U.S. prosecutors said
www.reuters.com/sustainabili...

www.reuters.com

AI Founder Edwin Chen Shunned VC. Now He’s Worth $18 Billion

Iain Martin @iainmartin.bsky.social · 21d

Long-winded, brilliant and eccentric, date-labelling billionaire founder Edwin Chen, Surge AI’s founder, is perhaps the most successful tech entrepreneur you’ve never heard of.
www.forbes.com/sites/phoebe...

An alum of Google and Twitter, Edwin Chen built his data labeling company, Surge, in the shadows of the AI revolution. Now the 37-year-old wants to make his voice heard.

Apollo’s Rowan Urges Leniency for Javice in JPMorgan Fraud Case

Iain Martin @iainmartin.bsky.social · 22d

Art of the [bad] deal?
www.nytimes.com/2025/09/15/u...

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Iain Martin @iainmartin.bsky.social · 23d

Rowan's letter to the judge

Iain Martin @iainmartin.bsky.social · 23d

Apollo's Marc Rowan urged a judge to be lenient when he sentences Charlie Javice later this month for defrauding JPMorgan of $175m www.bloomberg.com/news/article...

Apollo Global Management Chief Executive Officer Marc Rowan urged a judge to be lenient when he sentences Charlie Javice later this month for defrauding JPMorgan Chase & Co. in its $175 million ac...

www.forbes.com/sites/richar...

Iain Martin @iainmartin.bsky.social · 26d

‘You Chose That Life’: Some AI Startups Require A 7 Day Work Week

Silicon Valley has always glorified hustle culture. Some startups, like AI education company Arrowster, recruitment unicorn Mercor and Y Combinator-backed Corgi, are taking it to another level with 6 ...