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Apple and art house film company A24 are in early development on a film about convicted crypto scammer Sam Bankman-Fried with a script written by Lena Dunham, Variety reported. The project will be based on the Michael Lewis book Going Infinite: The Rise and Fall of a New Tycoon that many critics found overly deferential to Bankman-Fried. The book describes the dizzying rise and equally vertiginous fall of Bankman-Fried and his FTX crypto exchange and Alameda hedge fund. However, it paints the FTX founder as a benevolent prodigy and glosses over the fact that he embezzled billions of dollars from customers and spent it on things like celebrity endorsements, political donations and high-end real-estate purchases. FTX was worth billions at its peak, but the exchange eventually collapsed and Bankman-Fried was convicted of fraud and sentenced to 25 years in prison. Most FTX customers will get their original investments back, plus interest, but that's based on a bitcoin price of around $17,000 and the current price is nearly five times that. Basing the film on Lewis's fawning hagiography isn't a promising start. Hopefully, Dunham or other writers will also draw on far better books (like Numbers Go Up by Zeke Faux) that show the dark, scammy side of crypto promoters like Bankman-Fried and the entire industry in general. Apple Original Films and A24 have announced other collaborations recently, including the Spike Lee and Denzel Washington film High and Low. Other scripted FTX projects are also in the works, including a limited Amazon Prime series from the Russo brothers based on the 2022 FTX collapse. This article originally appeared on Engadget at https://www.engadget.com/entertainment/streaming/apple-and-a24-are-developing-a-sam-bankman-fried-movie-written-by-lena-dunham-133022680.html?src=rss
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The Jet Propulsion Laboratory, NASA's research center responsible for robotic space missions, will lay off more workers before the year ends due to budget constraints. JPL Director Laurie Leshin has announced in a memo addressed to employees that the reduction will affect 325 people, or about five percent of its whole workforce. Leshin explained that the lab took various measures to meet its budget allocation for the 2025 fiscal year and to minimize the adverse effects of a limited budget on its workers. In the end, though, JPL "reached the difficult decision" to make "one further workforce reduction." The lab already cut 530 employees and cut over 100 contractors from its roster earlier this year because of uncertainty over the final budget that the Congress will give NASA for 2024. It also froze hiring in response to the dilemma. The main reason why the lab had to implement those measures was because the Mars Sample Return Program was allocated a much smaller budget than it needed. NASA had requested $950 million for the mission, but only $300 million was allocated for it. NASA's original plan was to bring home the samples collected by the mission in 2040. But its budget ballooned from $7 billion to $11 billion, and as The Washington Post notes, the government found the return date "unacceptable." For the 2025 fiscal year, NASA only requested $200 million for the project that could go through significant changes. The agency is now looking for ways to alter the mission and is even considering proposals from private companies. Leshin said that the layoffs will affect all areas of the lab, including its technical, business and support divisions. "[W]e had to tighten our belts across the board, and you will see that reflected in the layoff impacts," she said. JPL's director also said that the US presidential election results have nothing to do with the reduction that the "action would be happening regardless" of its outcome. This article originally appeared on Engadget at https://www.engadget.com/science/space/nasas-jet-propulsion-laboratory-is-laying-off-325-more-workers-130001669.html?src=rss
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LG Displays new free-form screen technology can expand from 12 to 18 inches, with a resolution of 100ppi. The display also uses a micro-LED light source smaller than 40 micrometers, so it can apparently be stretched over 10,000 times. While this probably isnt your next smartphone, we could see the tech in clothing, car panels and more. LG Display has pushed the boundaries of screen tech for a while, revealing folding screens before foldable phones appeared, roll-up TVS before roll-up TVs went on sale and transparent displays before they appeared in fancy stores, theme parks and elsewhere. So expect to see this Bop-it of displays somewhere, eventually. Mat Smith The biggest tech stories you missed The coffee-table book of Apple Musics Best 100 Albums will set you back $450 The best travel gifts Elon Musk will lead a new Department of Government Efficiency, Donald Trump says The best MacBook for 2024: Which Apple laptop should you buy? Get this delivered daily direct to your inbox. Subscribe right here! Netflixs ad tier has attracted more than 70 million subscribers However, many have probably downgraded from a premium tier. Netflix is crowing that its ad-supported tier now boasts 70 million global users. Amy Reinhard, president of advertising at Netflix, says the company continues to see steady progress across all countries member bases. But there isnt any information about existing customers. Its very possible a lot of people downgraded from a premium tier to an ad-supported tier. Continue reading. Fujifilm is developing a 102MP medium format cinema camera With a new sensor 1.7 times larger than full frame. Fujifilm Fujifilm is developing a medium-format, 102-megapixel cinema camera, the company said in a surprise announcement. Due next year, the GFX Eterna will carry a boxy, modular design reminiscent of Sonys FX6. The new camera will have a medium format GFX 102-megapixel (MP) CMOS II HS sensor, the same one used on the GFX100 II. That sensor is 43.8mm x 32.9 mm in size thats 1.7 times larger than the full-frame sensor on the FX. The benefits will be extra dynamic range, potentially high resolution and a very shallow depth of field, which should enable cinematic shots with the right lens. Having said that, Fujifilm currently has no GFX glass designed specifically for film production. Its working on it, though. Continue reading. This article originally appeared on Engadget at https://www.engadget.com/general/the-morning-after-lgs-new-twisty-display-tech-can-stretch-up-to-50-percent-121552798.html?src=rss
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