US House Republicans have told Securities and Exchange Commission Chair Paul Atkins that they are investigating the loss of text messages from former SEC Chair Gary Gensler from when he led the agency. The SEC’s Office of Inspector General’s findings in early September cast doubt on whether the Gensler-led SEC acted with transparency and integrity…
Sen. Josh Hawley (R-MO) said he intends to investigate whether Meta’s generative AI products exploit, deceive, or harm children, after leaked internal documents showed the company’s chatbots were allowed to have “romantic” and “sensual” chats with children. “Is there anything – ANYTHING – Big Tech won’t do for a quick buck?” Hawley wrote in a…
Meta’s building a new AI data center so massive in Louisiana that the local utility company has plans to construct three new gas-fired power plants to provide it with enough electricity. Now, advocates and lawmakers are pressing Meta for answers about how it’ll clean up pollution stemming from the data center’s energy consumption. Sen. Sheldon…
Cryptocurrency exchange OKX reportedly hired former New York Governor Andrew Cuomo to advise it over the federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties. Cuomo, a New York-registered attorney, advised OKX on legal issues stemming from the probe sometime after August…
The British government has pledged to investigate the use of dynamic pricing by ticketing websites after Oasis fans got priced out of the band’s surprise reunion tour. The UK’s advertising regulator told BBC News it had received 450 complaints regarding misleading ticket prices and availability, with many tickets more than doubling in price. Sales began…
Microsoft is facing a full regulatory probe in the U.K. after the tech giant hired the core team behind Inflection AI, a U.S.-based OpenAI rival in which Microsoft had previously invested. The Competition and Markets Authority (CMA) today announced that it’s launching a “phase 1” merger inquiry, which kicks off a 40-working day investigative period where…
Worldcoin — the crypto startup co-founded by OpenAI’s Sam Altman — has been given the green light to resume iris-scanning and other operations in Kenya after a year-long government probe over privacy concerns was dropped. Kenya was one of the Worldcoin’s launch countries for its iris-scanning scheme — which the startup was building out as…