hacklink hack forum hacklink film izle hacklink marsbahisizmir escortsahabetpornJojobetcasibompadişahbetjojobet

News

Tag: Founder

  • Upstart Chinese AI company DeepSeek’s founder started out as a low-key hedge fund entrepreneur

    Upstart Chinese AI company DeepSeek’s founder started out as a low-key hedge fund entrepreneur

    BANGKOK — The 40-year-old founder of China’s DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund and then refined its quantitative models to branch into artificial intelligence.

    Liang Wenfeng, who founded DeepSeek in 2023, was born in southern China’s Guangdong and studied in eastern China’s Zhejiang province, home to e-commerce giant Alibaba and other tech firms, according to Chinese media reports.

    The hedge fund he set up in 2015, High-Flyer Quantitative Investment Management, developed models for computerized stock trading and began using machine-learning techniques to refine those strategies.

    Like many Chinese quantitative traders, High-Flyer was hit by losses when regulators cracked down on such trading in the past year. However, it reportedly manages $8 billion in assets, ample resources for funding DeepSeek’s AI research.

    It also has abundant computing power for AI, since High-Flyer had by 2022 amassed a cluster of 10,000 of California-based Nvidia’s high-performance A100 graphics processor chips that are used to build and run AI systems, according to a post that summer on Chinese social media platform WeChat. The U.S. soon after restricted sales of those chips to China.

    “Thing is, we are sure now that we want to do this, can do this, and are capable of doing this, so we’re among the best-suited candidates to tackle it at this moment,” Liang told Waves, a tech media outlet, in 2023.

    “Currently, neither tech giants nor startups have an unassailable lead. With OpenAI paving the way, everyone is working with published papers and open-source code,” it quoted him as saying.

    Liang said he spends his days reading papers, writing code, and participating in group discussions, like other researchers.

    DeepSeek is exploring what intelligence means, he said.

    “People may think there’s some hidden business logic behind this, but it’s mainly driven by curiosity,” Liang said.

    When DeepSeek was asked, “Who is Liang Wenfeng?” its first answer was to name a different Chinese entrepreneur with the same name, at least as spelled in English letters.

    When asked: “Where is Liang Wenfeng from and where did he go to university?” it said that as of October 2023, the most recent knowledge cutoff for DeepSeek’s R1 AI model, “there is no publicly available information about Liang Wenfeng’s background, including his place of origin or educational history.”

    “If you are referring to the founder of DeepSeek, details about his personal life or academic background have not been disclosed publicly. For more information about DeepSeek, you can visit its official website,” it said.

    Liang’s focused approach fits in with his determination to push AI learning forward. After decades of relying on innovation from the West, he says China should be making its own contributions.

    “What we see is that Chinese AI can’t be in the position of following forever. We often say that there is a gap of one or two years between Chinese AI and the United States, but the real gap is the difference between originality and imitation,” he said in another Waves interview in November. “If this doesn’t change, China will always be only a follower — so some exploration is inescapable.”

    ___

    Associated Press writer Ken Moritsugu in Beijing contributed to this report.

    Source link

  • Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

    Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

    NEW YORK — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business.

    Alexander Mashinsky, 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud.

    He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022.

    In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company’s moves because he knew that customers “would find false comfort” with that.

    And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too.

    “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest.

    U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company’s assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world.

    He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value.

    Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said.

    An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel.

    Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said.

    A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company’s token.

    Sentencing was scheduled for April 8.

    Source link

  • Closing arguments to begin in trial over stabbing death of Cash App founder Bob Lee

    Closing arguments to begin in trial over stabbing death of Cash App founder Bob Lee

    SAN FRANCISCO — Closing arguments will begin on Monday in the trial of a tech consultant in the 2023 stabbing death of Cash App founder Bob Lee in San Francisco, an event that shocked the broader tech community whose members mourned the loss of an entrepreneur they called charismatic and kind.

    San Francisco prosecutors say Nima Momeni stabbed Lee three times after a dispute over his treatment toward Momeni’s sister, Khazar Momeni, with whom Lee was friends.

    Defense attorneys say Lee, 43, was on a multi-day drug bender of cocaine and ketamine that made him agitated and violent, forcing Momeni to use his Krav Maga martial arts skills to fend off the paring knife Lee brandished in the early morning hours of April 4, 2023 after a “ bad joke.”

    Momeni faces 26 years to life if convicted. He has pleaded not guilty.

    The trial, which began Oct. 14, has been emotionally taxing for family members of both men. Mahnaz Tayarani, mother of the defendant, has sat on one side of the court room while Lee’s father, brother and ex-wife sat on the other.

    Surveillance video of Bob joking around on his final night and autopsy photos of his wounds have been difficult to view, said Lee’s brother, Timothy Oliver Lee. He dismissed Momeni’s explanation of events as a fabrication.

    “Even if he was under the influence, he was still Bob. He was never aggressive. He was always a teddy bear and always a great guy,” he said.

    Surveillance video shows the two men leaving the posh condo of Khazar Momeni around 2 a.m. and getting into Momeni’s BMW. Other surveillance then shows them getting out of the car in an isolated section of the city by the Bay Bridge.

    Momeni testified he stopped his car after going over a pothole that caused Lee to spill the beer he was holding. Momeni said he then cracked a joke suggesting Lee should spend his last night visiting the city with family instead of trying to find a strip club to keep the party going.

    That’s when Lee suddenly pulled a knife, Momeni said. He said Lee later walked away, showing no signs he was injured.

    “I was scared for my life,” Momeni said in testimony that was at times rambling and contentious. “I had to defend myself.”

    Lee was found staggering on a deserted downtown San Francisco street at 2:30 a.m., dripping a trail of blood and calling for help. He later died at a hospital.

    Prosecutors say Momeni was furious with Lee after he introduced Khazar to a drug dealer who gave her GHB, known as a date-rape drug, hours before the stabbing. They say Momeni grilled Lee earlier in the evening about what might have happened to his sister at the drug dealer’s apartment.

    Jurors were allowed to ask questions and, through San Francisco Superior Court Judge Alexandra Gordon, asked why Momeni did not call police, either after Lee’s knife attack or after Momeni realized Lee had been stabbed to death.

    A knife recovered from the area where Lee was stabbed showed Momeni’s DNA on the handle, but the defense said the handle should have been tested for Lee’s fingerprints.

    Lee’s death stunned the tech community as fellow executives and engineers penned tributes to his generosity and brilliance. He was chief product officer of cryptocurrency platform MobileCoin when he died.

    Source link

  • Tech consultant spars with the prosecutor over details of the death of Cash App founder Bob Lee

    Tech consultant spars with the prosecutor over details of the death of Cash App founder Bob Lee

    SAN FRANCISCO — A tech consultant charged with murder in Cash App founder Bob Lee’s stabbing death sparred with the lead prosecutor at trial Thursday, interrupting questions asked of him with his own questions as he was grilled on his testimony.

    Nima Momeni, 40, had to be told several times by the judge to provide responsive answers.

    He broke his public silence after 18 months when he took the witness stand Wednesday to explain how Lee was found staggering on a deserted downtown San Francisco street at 2:30 a.m. on April 4, 2023, dripping a trail of blood and calling for help. He later died at a hospital.

    Momeni testified Lee, 43, suddenly pulled a knife on him after he cracked a “bad joke” suggesting Lee should spend his last night in the city with family instead of trying to visit a strip club. He said Lee later walked away, showing no signs he was injured.

    His testimony stunned Lee’s father, brother and ex-wife, who have been a steadfast presence in the criminal trial. They say Lee was big-hearted and gentle, and close to his two children and ex-wife.

    “What you have seen is Nima be aggressive on the stand, you’ve seen him just trying to take control of this room, his arrogance and his entitlement are on full display here,” said the victim’s brother, Timothy Oliver Lee, speaking with reporters outside the court room Thursday.

    “This is insane,” he said. “All of this is ridiculous.”

    The trial is in its fifth week. Momeni faces 26 years to life if convicted.

    Lee’s death stunned the tech community as fellow executives and engineers penned tributes to the charismatic entrepreneur’s generosity and brilliance. He was chief product officer of cryptocurrency platform MobileCoin when he died.

    Prosecutors say Momeni planned the April 4 attack after a dispute over his younger sister, Khazar Momeni, with whom Lee was friends. Momeni had picked up his sister from the home of a drug dealer introduced to her by Lee, and she said she may have been sexually assaulted after ingesting a date-rape drug called GHB.

    They say Momeni was angry with Lee so he took a knife from his sister’s condo, and after the pair was kicked out of her place at 2 a.m., he drove Lee to a secluded area and stabbed him three times and then fled.

    Omid Talai, the assistant district attorney, grilled Momeni on Thursday on details of exactly how the attack unfolded. He asked Momeni why he did not call police after the attack and learning Lee had died, and why he did not respond to his sister’s text asking where he had dropped off Lee.

    Momeni said he did not learn of Lee’s death until the following day and was puzzled by his sister’s query. He said he thought Lee could have been stabbed by someone else shortly after he saw him walk off, unharmed.

    In response to questions, Momeni said he didn’t know what the prosecutor was getting at, accused him of misrepresenting his statements and said he had already answered.

    At one point, San Francisco Superior Court Judge Alexandra Gordon said that the prosecutor had no obligation to provide him with a printout of the texts he was questioning him about or to put them on the multimedia screen.

    “Gotcha,” said Momeni, dressed in a blue suit and tie. “Thank you for clarifying.”

    Prosecutors have video showing Lee and Momeni leaving Khazar Momeni’s condo after 2 a.m. and driving off together in Momeni’s BMW. Video also shows the two men getting out of the car in an isolated spot by the Bay Bridge.

    Prosecutors say that is where Momeni stabbed Lee, while the defense says that is where Lee attacked Momeni, erratic and aggressive from a multi-day bender of cocaine, ketamine and drinking.

    A knife recovered from the area where Lee was stabbed showed Momeni’s DNA on the handle, but the defense said the handle should have been tested for fingerprints, namely Lee’s.

    Momeni said he and Lee were on friendly terms when they left his sister’s condo, but prosecutors say the defendant grilled the entrepreneur earlier in the evening about what might have happened to his sister at the drug dealer’s apartment.

    The prosecutor pointed out multiple times Thursday that Momeni was questioning him the way he grilled Lee.

    Nima Momeni was 14 when his mother, Mahnaz Tayarani, took him and Khazar to the U.S., fleeing Iran and a husband who had inflicted years of abuse and violence on the family, she wrote in a letter submitted to the court in support of her son’s pre-trial release.

    She has sat on one side of the courtroom while Lee’s family members sit on the other.

    Source link

  • Alaffia Founder Launches Second Beauty And Lifestyle Brand At Whole Foods

    Alaffia Founder Launches Second Beauty And Lifestyle Brand At Whole Foods

    Alaffia founder Olowo-n’djo Tchala is continuing his mission to preserve African traditions and empower women on the continent with new beauty and lifestyle brand Ayéya.

    Ayéya’s focus on sustainability sets it apart from Alaffia, which Tchala left in 2022. Describing itself a purveyor of ethically crafted goods that bring “economic independence,” the brand’s products, including foaming hand soaps, bath bombs, whipped body butter, shampoo bars, conditioner bars and laundry, dishwashing, all-purpose, bathroom and glass cleaner tablets, are 90% plastic free, according to Tchala. Its prices run from $2.99 to $19.99.

    Ayéya extends from personal care products to a lifestyle range featuring baskets. The brand plans to release a new product every quarter for the next two to three years. Powder versions of its foaming hand soap, all-purpose cleaner, bathroom cleaner and glass cleaner are slated to hit the market early next year.

    Ayéya’s soaps and bath bombs rolled out to Whole Foods stores nationwide in the United States and Canada last Friday. Its home products will be arriving at the grocer in November. The brand will land in Whole Foods locations in the United Kingdom stores in March, and Ayéya has a line of bar soaps, bath bombs and bath salts exclusive to Sprouts Farmers Market slated for a November debut. The brand is available on Whole Foods owner Amazon, too.

    Alaffia and Ayéya founder Olowo-n’djo Tchala

    Alaffia, which Tchala started in 2003 with Prairie Rose Hyde, has a long-standing relationship with Whole Foods, and Tchala connected with the grocer last year about Ayéya because he determined the brand and it share values. He says, “Those values are essentially that you have a supply chain that’s slave labor-free and also that you have product that’s clean for the customers who are using the product…You have to align your values with organizations that see things similarly to you.”

    Similar to Ayéya, Alaffia began by selling baskets and textiles along with personal care products such as its signature African Black Soap handcrafted by women in West African cooperatives. Tchala is from Togo. He says Ayéya departs from Alaffia in that it has complete control over the entire supply chain.

    “This vertical integration from manufacturer to consumer allows full transparency and respect for traditions as well as reinvestment in social impact initiatives like access to clean water and mitigation of domestic violence,” he explains, adding it’s extended “our ethical supply chain, but, at the same time, is creating something new and different with relevancy for today’s world.”

    To spread the word, Ayéya’s marketing strategy is pursuing press coverage and influencer collaborations. The brand is currently working with six influencers who Tchala calls ambassadors and expects to increase that number in the coming months. Whole Foods has helped out by creating video on Ayéya’s backstory for its website.

    Ayéya’s soaps and bath bombs rolled out to Whole Foods stores nationwide in the United States and Canada last Friday.

    Tchala declined to discuss how much it cost to launch Ayéya, but discloses the brand has received angel investment. Alaffia previously raised over $10 million in venture capital funding, per the financial information resource Pitch Book. New Voices Fund, the VC firm established by Richelieu Dennis, co-founder and former CEO of SheaMoisture, is among its investors.

    Tchala says he left Alaffia because its direction was no longer in sync with his conscience. Today, he enthuses that he’s more excited than ever about the “pursuit for human rights” through Ayéya.

    “I can take it to the next level because it is about the whole house now,” says Tchala. “It’s not just about your shampoos, it’s also about your laundry. Every part of the house we can be a part of, and that means that we’re going to have a real conversation about how to better our world together.”



    Source link

  • Murder trial of tech consultant in death of Cash App founder Bob Lee begins

    Murder trial of tech consultant in death of Cash App founder Bob Lee begins

    SAN FRANCISCO — The murder trial of a tech consultant in the stabbing death of Cash App founder Bob Lee begins Monday, a year and a half after the widely admired entrepreneur was found staggering on a deserted downtown San Francisco street seeking help.

    Lee’s death at age 43 stunned the tech community, and fellow executives and engineers penned tributes to his generosity and brilliance. Lee was chief product officer of cryptocurrency platform MobileCoin when he died. He was a father to two children.

    Prosecutors say Nima Momeni, 40, planned the April 4 attack after a dispute over his younger sister, Khazar, with whom Lee was friends. They say Momeni took a knife from his sister’s condo, drove Lee to a secluded area and stabbed him three times, then fled.

    Defense lawyers disagree, and they say that Lee, high on drugs, attacked Momeni.

    “Our theory is that Bob had the knife, and that Nima acted in self defense,” attorney Saam Zangeneh said.

    He said his client is eager to tell his side of the story, but they haven’t decided whether Momeni will testify in his defense.

    Momeni, who lives in nearby Emeryville, California, has been in custody since his arrest days after Lee died at a San Francisco hospital. Momeni’s mother has been a steadfast presence at court hearings, and he is close to his sister.

    Prosecutors have said in court documents that a friend of Lee’s told homicide investigators they had been drinking with Momeni’s sister the day before the stabbing. The friend said Momeni later questioned Lee about whether his sister was doing drugs or otherwise engaging in inappropriate behavior, and Lee said she had not.

    Surveillance video of Lee’s final night shows him entering the posh Millennium Tower downtown, where Momeni’s sister lives with her husband, a prominent San Francisco plastic surgeon.

    Video then shows Lee and Momeni leaving the building together after 2 a.m. and driving off in Momeni’s car. Lee was found around 2:30 a.m. in the Rincon Hill neighborhood of San Francisco, which has tech offices and condominiums but little activity in the early morning hours.

    Police recovered a knife with a 4-inch (10-centimeter) blade at the scene. Prosecutors said tests showed Momeni’s DNA on the weapon’s handle and Lee’s DNA on the bloody blade. But the defense said police should have tested the handle for fingerprints, namely Lee’s.

    Momeni, who has pleaded not guilty, faces 26 years to life if convicted.

    San Francisco Superior Court Judge Alexandra Gordon has told jurors the trial could last until mid-December.

    Source link

  • Ranbir Kapoor announces lifestyle brand ARKS on his birthday: ‘Son, brother, husband, father and now founder’ | Bollywood News

    Ranbir Kapoor announces lifestyle brand ARKS on his birthday: ‘Son, brother, husband, father and now founder’ | Bollywood News

    Bollywood actor Ranbir Kapoor has embarked on a new journey, venturing into the entrepreneurial world with the launch of his lifestyle brand, ARKS. Coinciding with his 42nd birthday, the actor unveiled his brainchild on social media, generating immense excitement among fans.

    To unveil its launch, the brand shared a captivating visual narrative, featuring Ranbir Kapoor as the founder. The video showcases the actor lounging on a lawn, gazing at the sky, and envisioning the brand’s logo and philosophy. The post’s caption reads: “Meet the founder. He’s not on social media.”

    Ranbir’s family and loved ones were quick to extend warm birthday wishes and support for his new venture. Ranbir’s mother, actor Neetu Kapoor took to the post’s comments section and wished him luck. She wrote, “Good luck 🧿🪬❤️.” She also shared the brand’s video on her social media and wrote, “Son, brother, husband, father and now founder. Happy birthday Ranbir, hope the birth of @ARKS makes this one even more special. Can’t wait to see your journey unfold. My blessings n pyaar ❤️”

    One of his fans commented, “What a beautiful surprise, happy birthday my all time favourite rk🤍” Another user commented, “Happy birthday Ranbir❤️ and congratulations on the new journey of entrepreneurship🥳🙌.”

    The launch of ARKS marks Ranbir’s foray into the business world, leveraging his popularity and influence to create a lifestyle brand that resonates with his personal style and values. Although details about the brand’s product offerings remain scarce, fans anticipate a unique blend of fashion, wellness, and lifestyle essentials.

    Ranbir had recently opened up about his entrepreneurial vision in Nikhil Kamath’s podcast. Talking about the brand, Ranbir had said, “I have been talking about it for many years, around ten years. I have always been a sneakerhead, into basketball, baseball, many other sports, (I) used to travel a lot too… So I am very passionate about it but I am very scared because I don’t know India as well as I should. I don’t know the market. I always questioned how come we don’t have something like  ZARA or H&M in India, we have such a huge consumer market. So yes, I am planning to start a brand, I have been working on it from a couple of years. It’s a lifestyle brand — essentials.”

    Festive offer

    On the work front, Ranbir was last seen in Sandeep Reddy Vanga’s Animal. He is now preparing for Nitesh Tiwari’s Ramayana and Sanjay Leela Bhansali’s Love & War.

    Click for more updates and latest Bollywood news along with Entertainment updates. Also get latest news and top headlines from India and around the world at The Indian Express.



    Source link

  • Life in Focus: Udita Bansal, Founder, trueBrowns Lifestyle

    Life in Focus: Udita Bansal, Founder, trueBrowns Lifestyle

    Life in Focus: Udita Bansal, Founder, trueBrowns Lifestyle

    Udita, an alumni of NIFT, began her fashion journey with Madura Fashion & Lifestyle, Aditya Birla Group, where she mastered retail strategies. Seeking to enhance her skills, she pursued Marketing and Finance at Harvard University. As the Founder of trueBrowns, an urban ethnic lifestyle brand, Udita transformed the industry with inclusive sizing and expanded into jewellery and menswear. The size-inclusive brand was launched with an initial capital of Rs. 20 lakh, sourced from Udita’s personal savings and now garners approximately 20 per cent – 22 per cent of its sales from extreme sizes. Presently, the brand generates 75 per cent of its revenue from its website, with the remaining 25 percent derived from various marketplaces.

    2 Must-Watch Movies

    The Pursuit of Happiness:  A powerful story of resilience and determination that inspires me to persevere in the face of challenges

    Into the Wild:  A gripping true story of a young man who escapes into nature in the pursuit of solitude and self-discovery

    Must-Read Book

    Steve Jobs by Walter Isaacson:  This biography offers valuable insights into the life and vision of a visionary leader, inspiring me to innovate and pursue excellence in my own endeavours.

    Daily Routine

    I start my day with meditation and yoga to centre myself and set a positive tone for the day ahead. After that, I dive into my work at trueBrowns where I’m constantly inspired by our mission to empower women through fashion. In the evenings, I make time for activities like Kathak dance.

    Passion and Hobbies

    I am deeply passionate about art, spirituality and empowering women. Outside of work, I indulge in activities like Kathak dance, which allows me to express myself creatively. I also enjoy immersing myself in literature, finding inspiration in the wisdom of books. Nature is my sanctuary and I love exploring its beauty through travel and exploration.

    Define Success

    Success, to me, is about making a positive impact on the world, nurturing meaningful relationships and continuously striving to grow and evolve as a person.

    Role Models

    Steve Jobs is my role model and has had a huge impact on my entrepreneurial journey.

    Favourite Cuisine

    Comforting south Indian dishes like sambar idli or a staple like dal chawal and fresh, seasonal fruits resonate with my love for wholesome and balanced nutrition.

    One Superpower I Wish I Had

    If I could choose one superpower, it would be the ability to spread love and compassion unconditionally. Imagine the transformative impact we could have on the world if every interaction was infused with empathy, kindness and understanding.

    Thoughts on AI

    I believe that AI has the potential to revolutionise various aspects of our lives, from enhancing efficiency and productivity to driving innovation in diverse fields. However, it’s essential to approach its development and integration with caution, ensuring that ethical considerations and human values remain at the forefront.

    Advice to Young Professionals

    Stay true to yourself, embrace failure as a stepping stone to growth and never stop learning. Cultivate a strong sense of purpose, surround yourself with mentors and peers who inspire you and prioritise work-life balance to sustain long-term success andwell-being.

    Thoughts on Work-Life Balance

    Work-life balance is essential for holistic well-being and sustainable success. It’s about prioritising self-care, setting boundaries and making time for activities that nourish the mind, body and soul.



    Source link

  • OSOM Ex-CPO files lawsuit alleging founder splurged on expensive lifestyle

    OSOM Ex-CPO files lawsuit alleging founder splurged on expensive lifestyle

    ‘OSOM is being hauled to court by its former Chief Privacy Officer. The lawsuit alleges OSOM’s founder and CEO, Jason Keats spent huge sums of money to fund his lavish lifestyle.

    Born from Essential’s ashes, OSOM too headed for financial disaster?

    While OSOM might not be a household name, the Essential Phone would certainly ring a bell. The company behind this minimalist yet fully functional smartphone couldn’t survive and shut down in 2020.

    The tech world celebrated Essential Phone for its design and long-term software support. However, the real-world performance of the device wasn’t up to the mark, and it sold very poorly, forcing Essential to shut shop in 2020.

    OSOM, which the company claims stands for “Out of Sight, Out of Mind,” was formed by several of Essential’s former employees. The company promised two smartphones: Saga Phone and OV1. These smartphones were to run Android OS. However, both failed to garner any respectable response and failed.

    OSOM is now in financial trouble, and a former employee has alleged the company’s CEO and founder is at fault. Specifically speaking, OSOM’s founder and “Chief Hooligan,” Jason Keats, kept Essential’s previous founder, Andy Rubin away, but hired several ex-employees of the company.

    Why has OSOM Ex-CPO filed a lawsuit?

    OSOM’s former Chief Privacy Officer Mary Ross has filed a lawsuit against the company. Ross, who left the company in May 2024 according to her LinkedIn profile, has reportedly requested the court to scrutinize OSOSM’s books and records.

    The lawsuit against OSOM, specifically aims to prove financial mismanagement by Jason Keats. Android Authority reviewed the court documents, and it appears Ross claims Keats abused his position in the company to misappropriate funds.

    The lawsuit claims he purchased two Lamborghinis, paid for his racing hobby, paid for his racing partner’s salary, expensed multiple first-class travel tickets, paid his mortgage, and more. Besides these allegations, the lawsuit also claims OSOM is on the brink of a financial collapse.

    Ross has alleged the company’s resources are depleted, and the company would need to raise additional capital just to survive. As expected, OSOM has refuted these allegations. The company assures it will disprove all of the allegations in court.



    Source link