The Securities and Exchange Commission is scrutinizing internal communications by OpenAI Chief Executive Sam Altman as part of an investigation into whether the company’s investors were misled. The …
FTC investigating Microsoft, Amazon, and Google investments into OpenAI and Anthropic
The Federal Trade Commission (FTC) opened an inquiry into the investments of Big Tech companies that provide cloud services to smaller AI companies like OpenAI and Anthropic. The FTC sent letters to …
Microsoft’s multibillion-dollar investment in OpenAI could face EU merger probe
Microsoft’s multibillion-dollar investment in artificial intelligence firm OpenAI could face a full-blown merger investigation in the European Union, EU officials signaled Tuesday. The European …
Microsoft and Amazon face UK regulator investigation over cloud services
The clouds are gathering over Microsoft’s Azure operations in the EU and now the UK, with the launch of a new investigation into major cloud service providers that also includes Amazon. The UK’s …
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The FTC is investigating whether ChatGPT harms consumers
The Federal Trade Commission has opened an expansive investigation into OpenAI, probing whether the maker of the popular ChatGPT bot has run afoul of consumer protection laws by putting personal …
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Exposing Fraudulent Crypto Firms: AI and Actors in Elaborate Scams
The financial world is no stranger to scams and fraudulent schemes, and the crypto industry has recently come under fire as a series of companies have been accused of running elaborate investment …
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The U.S. Cracked a $3.4 Billion Crypto Heist—And Bitcoin’s Anonymity
James Zhong appeared to have pulled off the perfect crime. In December 2012, he stumbled upon a software bug while withdrawing money from his account on Silk Road, an online marketplace used to hide …
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US seizes $112 million from cryptocurrency investment scammers
Today, the U.S. Department of Justice seized six virtual currency accounts containing over $112 million in funds stolen in cryptocurrency investment schemes. Judges in the Central District of …
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Bankman-Fried charged with paying $40M bribe to China
FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten …
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Crypto ‘Mixer’ Laundered $700 Million For Customers, Including Russian And North Korean Spies, DOJ Says
An international law enforcement operation has taken down ChipMixer, a dark web “mixer” that helped criminals launder over $700 million, Europol and other policing agencies announced on Wednesday. …