Brazil Supreme Court Unseals Banco Master Fraud Probe
Brazil’s Chief Justice Edson Fachin on Thursday ordered the unsealing of thousands of pages from an investigation into an alleged multibillion-dollar fraud involving failed lender Banco Master. The probe has reportedly implicated central bank...
Lawyer Fined After ChatGPT-Generated Fake Testimony Appears in Murder Appeal
The New Mexico Supreme Court has fined and held in contempt defense lawyer Stephen Aarons after finding that a court filing in a murder appeal contained fabricated police testimony and entirely fictional witnesses generated...
US Lawmakers Push for New AI Rules Amid Extinction Warnings
Growing concerns over the potential dangers of artificial intelligence are prompting more U.S. lawmakers to call for tighter regulations. The alarm intensified after Anthropic researchers Jacob Coxon and Evan Hubinger warned that rapidly advancing...
Bayer’s Monsanto Seeks Court Approval for $7.25 Billion Roundup Settlement
Bayer’s Monsanto unit is set to appear before a Missouri state court on Monday seeking final approval of a proposed $7.25 billion settlement aimed at resolving tens of thousands of U.S. lawsuits alleging that...
U.S. Inflation Accelerates in August, Raising Fed Rate-Hike Expectations
U.S. consumer prices accelerated in August, with the Consumer Price Index (CPI) rising 0.4% after a 0.1% increase in July, according to the Labor Department’s Bureau of Labor Statistics. Annual inflation held at 3.4%,...
UK Spends Nearly $40 Million on SpaceX Military Satellite Services
Britain has spent nearly $40 million on SpaceX satellite services, deepening its reliance on Elon Musk’s company for military communications amid growing European concerns about dependence on U.S. security infrastructure. The UK Ministry of...
U.S. Prosecutor Calls Huawei a ‘Criminal Enterprise’ as Trial Begins
A U.S. prosecutor on Wednesday accused Chinese telecommunications giant Huawei of operating a “criminal enterprise” that stole technology from American companies and abused the U.S. financial system to expand its global business. In opening...
The Boring Company Raises $3 Billion at $23 Billion Valuation
The Boring Company, the tunnel construction startup founded by billionaire Elon Musk, has raised $3 billion in a new funding round that values the company at $23 billion, according to a statement released Wednesday....
Volkswagen Faces €16 Billion Cost for Massive Restructuring Plan
Volkswagen is estimating the total cost of its sweeping restructuring program, including job cuts and potential plant closures, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The...
Senate Probes OpenAI Over Hugging Face AI Breach
A Republican-led U.S. Senate subcommittee has launched an inquiry into OpenAI’s response to a July cybersecurity incident involving Hugging Face, amid growing concerns over AI agents circumventing safety controls. Missouri Senator Josh Hawley, who...