Feds, SEC charge app maker with fraud, saying ‘AI’ service was Philippine workers

Feds, SEC charge app maker with fraud, saying ‘AI’ service was Philippine workers

US authorities allege the Nate app was not powered by artificial intelligence but actually overseas human workers who manually processed transactions. US authorities have charged a tech app founder with fraud, alleging that his advertised artificial intelligence-powered e-commerce app actually relied on human workers in the Philippines. Albert Saniger of Barcelona, Spain, founder and former…

Read More
Justine Bateman Wants to “Give a Book of Matches” to the Tech Companies So They Can Burn Down Hollywood

Justine Bateman Wants to “Give a Book of Matches” to the Tech Companies So They Can Burn Down Hollywood

When it comes to Hollywood’s AI future, few have been more vocal —  or critical — than Justine Bateman. Armed with a computer science degree from UCLA, the veteran actor-filmmaker has sounded an alarm about the dangers of replacing human work with machine fabrication. She became a lead voice, particularly during the strikes, when she advised SAG-AFTRA on…

Read More
#Uber angel investor stirs Bitcoin debate with 'build a better Bitcoin' remark

#Uber angel investor stirs Bitcoin debate with 'build a better Bitcoin' remark

Bitcoiners worldwide strongly disagreed with prominent angel investor Jason Calacanis’ “build a better Bitcoin” comment, arguing that layer-2s can fill any functionality gaps. A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better. “Bitcoin has been…

Read More
#Our current data infrastructure threatens DeFi’s future

#Our current data infrastructure threatens DeFi’s future

The future of DeFi is at risk as outdated data infrastructure struggles to keep pace with high-performance blockchains. Without a fundamental overhaul, innovation and adoption will falter. Opinion by: Maxim Legg, founder and CEO of Pangea The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization,…

Read More
#Supreme Court upholds TikTok ban

#Supreme Court upholds TikTok ban

The app has said that it will shut down on January 19 if the Court did not rule in its favor, but President-elect Trump could enact an extension. Photo by Dan Kirkwood/Getty Images.   The Supreme Court has upheld the TikTok ban, ruling unanimously in favor of legislation forcing ByteDance, the China-based owner of TikTok,…

Read More