OneLiners
SEC Sues Over $12.3 Million Crypto Scheme Involving Fake AI Bots
SEC charged Privvy Investments founder Nathan Fuller with orchestrating a $12.3 million fraudulent scheme. The entrepreneur attracted funds from about 150 investors, promising returns of up to 100% through arbitrage trading with AI bots that did not function properly. Fuller misappropriated at least $6.2 million and used $5.5 million for payouts in a Ponzi scheme.US Seizes $1 Billion in Cryptocurrency Linked to Iran
The US authorities announced the seizure of approximately $1 billion in crypto assets, allegedly connected to Iranian entities. The confiscation is part of a campaign to intensify sanctions and combat the use of digital currencies to circumvent restrictions.University of Tennessee Launches K-Quantum Accelerator
The University of Tennessee, Knoxville has announced the launch of the K-Quantum accelerator in conjunction with the $43 million Tennessee Quantum Initiative. The project includes Oak Ridge National Laboratory, Tennessee Valley Authority, CGI, and IonQ, with goals to establish a quantum factory, a hybrid computing node, and infrastructure for the commercialization of developments.Groq Secures $650 Million Following Nvidia Deal
AI chip developer Groq plans to raise $650 million from existing investors to expand its cloud business following a December deal with Nvidia. According to Axios, the deal was valued at $20 billion and involved the transfer of some Groq executives to Nvidia and the licensing of its hardware technologies. As reported by TechCrunch, citing Axios, investors Disruptive and Infinitium are prepared to close the round if necessary.We use cookies to improve the quality of our service.
By using this website, you agree to the Privacy policy.
