Theranos' founder, Elizabeth Holmes, is finally set to report to prison today. After several delays, she's expected to report to a federal prison in Texas by 2 p.m. Once worth $4.5 billion, Holmes can expect a drastic change in lifestyle. The Theranos founder turned convicted fraudster is set to bid adieu to her freedom and her estate home costing $13,000 a month as she commences an 11-year prison sentence.
The AI hype train that left the station last November with ChatGPT's release made its grand arrival on Wall Street last week. According to Bloomberg, the top seven tech stocks (Microsoft, Alphabet, etc.) gained a combined $454 billion in market cap over five days, fueled by Nvidia's earnings report that many considered a watershed moment for the technology. AI's disruptive potential is why the tech-heavy Nasdaq is leaving the other indexes in the dust this year.
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