Transcript
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This episode is brought to you by genspark. Your all in One AI Workspace Work like a Boss.
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Here'S your afternoon TNB Tech minute for Wednesday, December 17th. I'm Danny Lewis for the Wall Street Journal. We are exclusively reporting that Blackstone is leading a $400 million investment in cybersecurity firm Sierra that values the New York based company at $9 billion. That's according to people familiar with the matter. Investor interest in the startup reflects broader confidence in the strength of the AI security business after Google agreed to acquire Wiz for $32 billion earlier this year. A star witness in FTX founder Sam Bankman Fried's criminal trial has left prison early. A spokesperson for the Federal Bureau of Prisons says Caroline Ellison has been transferred to community confinement ahead of her projected release date in February. The former head of FTX's sister investment firm, Alameda Research, Ellison Ellison pleaded guilty to fraud and money laundering charges related to the cryptocurrency exchange's collapse. Her testimony helped put her former boyfriend and boss in prison for 25 years for what prosecutors called one of the largest financial frauds in history and the Oscars are heading to YouTube after decades of airing on Disney's ABC, the video platform struck a multi year deal with the Academy of Motion Picture Arts and Sciences to run the Hollywood awards show from 2029 through 2033. The Oscars will be available live and for free on YouTube and its subscription based service, YouTube TV. That's according to a press release. ABC will continue to broadcast the awards until then. A spokesperson for the network says it looks forward to the next three telecasts, including the show's centennial celebration in 2028. And that's it for your TNB Tech minutes for today. We'll have another quick tech update in the morning.
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