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Sam Bankman-Fried trial: FTX boss stole over $10bn from customers in ’empire built on lies’, jury told | US News
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The trial of embattled crypto executive Sam Bankman-Fried has begun – with prosecutors claiming he stole more than $10bn (£8.2bn) from unsuspecting customers. Almost a year after FTX spectacularly collapsed, leaving millions of people out of pocket, a court heard that the 31-year-old’s multibillion-dollar empire was “built on lies”. Bankman-Fried has been accused of using…
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Ministers told to ‘sit up and take notice’ over concerns about AI being trained on artists’ work | Science & Tech News
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Copyrighted music, literature and art must be protected by law that prevents them from being freely used to train artificial intelligence, MPs have warned. The creative industries have been among the most vocal in their opposition to how powerful AI models like ChatGPT are being developed to generate new work. By training them on huge…
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Elon Musk’s ‘lies’ about Tesla on Twitter cost investors millions, court told | World News
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Elon Musk “lied” when he claimed he had “secured” funding to take Tesla private, a lawyer for investors has told a court. The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to fall and then to soar.…
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Chinese tech firm Nexperia told to sell majority stake in UK microchip factory over ‘national security risk’ | Business News
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A Chinese-owned tech company has been told to sell the majority of its stake in a UK silicon chip factory due to security concerns. The government has said Nexperia must reduce its stake in Newport Wafer Fab by 86%, back to its previous holding of just 14% when it took over the firm in 2021,…