Hong Kong police and mainland Chinese authorities arrested 15 individuals between March and June, dismantling a cross-border phishing syndicate that defrauded victims of HK$16.8 million by impersonating the Water Supplies Department through malicious text messages.
The OpenAI chief rejects claims he deceived Elon Musk as high-stakes AI trial nears its endSign up for the Breaking News US newsletter emailThe OpenAI CEO, Sam Altman, took the stand on Tuesday to defend himself and his company against a lawsuit by Elon Musk. Altman is set to be one of the final witnesses in the trial, which has pitted two of the tech industry’s most powerful men against each other in a dramatic courtroom showdown.Musk has accused Altman and OpenAI of breaking the AI firm’s founding agreement by restructuring it into a for-profit enterprise, alleging that Altman essentially swindled him into co-founding the company and providing tens of millions in financial backing. Musk also claims Altman unjustly enriched himself in the process and is seeking the CEO’s removal from OpenAI, the redistribution of $134bn to the firm’s non-profit and the undoing of its for-profit conversion. Continue reading...
A sophisticated investment scam operating for over three years collapsed abruptly, leaving victims across the globe with total losses approaching 100 billion ringgit (US$25 billion). The scheme promised steady 5% fortnightly returns, encouraging investors to pour in their savings before the sudden collapse.
