Firms
Google engineer stole AI tech for Chinese firms
A former Google engineer has been charged with stealing trade secrets related to the company’s AI technology and secretly working with two Chinese firms. Linwei Ding, a 38-year-old Chinese national, was arrested on Wednesday in Newark, California, and faces four counts of federal trade secret theft, each punishable by up to 10 years in prison….
UK FCA Slow to Take Enforcement Action on Crypto Firms, the National Audit Office Says
The FCA has required crypto firms to register to comply with the country’s anti-money laundering regulations since January 2020. Although it then began supervision work, including engaging with unregistered firms, “it did not begin taking enforcement action against illegal operators of crypto ATMs until February 2023,” according to the report. Source link