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OpenAI disavows online broker Robinhood's sale of 'OpenAI tokens'

'We did not partner with Robinhood, were not involved in this and do not endorse it.' OpenAI has condemned online brokerage firm Robinhood's sale of "OpenAI tokens," saying they will not give consumers stock in the company. "We did not partner with Robinhood, were not involved in this, and do not endorse it," the company said in a post on X, adding that the tokens are not equity and that it did not give approval for any transfer. The statement addresses a recent move by Robinhood to provide Eu

DOJ investigates ex-ransomware negotiator over extortion kickbacks

An ex-ransomware negotiator is under criminal investigation by the Department of Justice for allegedly working with ransomware gangs to profit from extortion payment deals. The suspect is a former employee of DigitalMint, a Chicago-based incident response and digital asset services company that specializes in ransomware negotiation and facilitating cryptocurrency payments to receive a decryptor or prevent stolen data from being publicly released. The company claims to have conducted over 2,000

Double Is Winding Down

Double is a registered investment adviser with the US Securities and Exchange Commission (SEC). While such registration does not imply a certain level of skill, it does require us to follow federal regulations that protect you, the investor. By law, we must provide investment advice that is in the best interest of our client. Please refer to Double'sfor important additional information.The publicly available portions of the Platform (i.e., the sections of the Platform that are available to indiv

Trump’s prospective TikTok buyer reportedly includes Oracle, Blackstone, a16z

In Brief After pushing the TikTok sale date back yet again, President Donald Trump said in an interview on Sunday that he had found a potential buyer for the ByteDance-owned platform. Though the president said he will not reveal the identities of the buyers for another couple of weeks, Bloomberg is reporting that the buyer is a group of investors from Oracle, Blackstone, and VC firm Andreessen Horowitz (a16z). According to the report, these investors had made a bid, but it lost momentum amid t

Europol helps disrupt $540 million crypto investment fraud ring

Spanish authorities have arrested five individuals in Madrid and the Canary Islands, suspected of laundering $540 million (€460 million) from illegal cryptocurrency investment schemes and defrauding more than 5,000 victims. The law enforcement operation was supported and coordinated by Europol and investigators from Estonia, France, and the U.S. (Homeland Security Investigations – HSI). The investigation into the fraud ring started in 2023 On the day of the arrests a cryptocurrency expert was

Group of investors represented by YouTuber Perifractic buys Commodore

28.Jun.2025 (ANF) Group of investors represented by Youtuber Perifractic buys Commodore Three weeks ago, Youtuber Christian 'Perifractic' Simpson announced in a video that he had received an offer to take over Commodore B.V., the owner of the remaining Commodore trademark rights. In a second video published today he now announces the completed takeover: A group of unnamed angel investors has acquired the company for a low seven-figure sum. He himself is now the acting CEO, but the purch

5 apps I recommend to every savvy investor

Rita El Khoury / Android Authority I’m really into finance and have been investing for a long time. From stocks and crypto to swing trading and holding, I’ve done it all. Over the years, I’ve also tried out all sorts of investment apps in hopes of getting the proper data and setting up a system that works for me. Some were good, others not so much. In this post, I’ll highlight the good ones and talk about why you should consider using them. Before we dive into the list, I want to clarify that

Goodwill shopper discovers $30 PC hiding an RTX 3080 Ti and Ryzen 7

WTF?! Everyone loves a bargain, especially when it involves spending $30 on a PC that has over $1,500 worth of hardware packed inside. That's what happened to one Goodwill shopper who stumbled upon the RTX 3080 Ti/Ryzen 7-powered computer in a South Carolina store. No-Investment9793 posted on Reddit that his dad is a regular customer at the local Goodwill, where he knows everyone. According to the post, someone at the store pointed out the PC, which had been donated by a mother after cleaning o

The Business of Betting on Catastrophe

The Business of Betting on Catastrophe World Bank pandemic bonds paid out only after death tolls passed a threshold. They’re part of a booming market where investors turn calamity into capital. Adobe Stock/MITP Reader By: Susan Erikson A↑ A↓ Off Bright Dark Blues Gray BeeLine Reader uses subtle color gradients to help you read more efficiently. The pandemic bonds — a financial device made up by one of the world’s most powerful institutions, the World Bank — can seem like a great idea f

Blockchain-driven platform to mimic stock trading, allowing users to buy shares of SpaceX, other hot private companies

Republic, a New York-based investment startup, is offering users exposure to SpaceX by issuing a "tokenized" representation of its shares. The company will begin selling the digital tokens this week and eventually plans to expand the offering to other private companies like artificial intelligence darlings OpenAI and Anthropic, as well as Stripe, X, Waymo, Epic Games and more. The Wall Street Journal first reported the story Wednesday. "We're talking about delivering products to retail investo

Feds question Ford in hands-free driving investigation

The top federal vehicle safety regulator has sent Ford an exhaustive list of questions about its hands-free driver-assistance system known as BlueCruise. It’s the latest development in an investigation that started more than one year ago following two fatal crashes involving the software. The National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation (ODI) sent a letter to Ford on June 18 that contains 25 questions. Many of them are basic, such as asking Ford for a

Amazon to invest $233M to enhance its India infrastructure

In Brief Amazon said on Thursday that it would invest about $233 million in its India business to further build out its operations infrastructure, develop new tools for its delivery network, and work on employee safety and well-being programs. The company said the investment helps it double down on its efforts to deliver to all pin-codes in the country. “This investment will enhance processing capacity, improve fulfilment speed, and increase efficiency across the company’s operations network,

Texas Instruments pledges 'historic' $60bn US chip investment

Texas Instruments pledges 'historic' $60bn US chip investment Texas Instruments operates 15 sites around the world, including facilities in the US and Asia Computer chip giant Texas Instruments (TI) will invest more than $60bn (£44.74bn) in the US, as President Donald Trump pressures big technology firms to increase manufacturing in the country. The company said it plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. TI did not give a

Texas Instruments to make 'historic' $60bn US chip investment

Texas Instruments to make 'historic' $60bn US chip investment Texas Instruments operates 15 sites around the world, including facilities in the US and Asia Computer chip giant Texas Instruments (TI) will invest more than $60bn (£44.74bn) in the US, as President Donald Trump pressures big technology firms to increase manufacturing in the country. The company said it plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. TI did not give a

DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called "pig butchering" scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas. "Thi

Grifin secures $11M to make investing less intimidating

Grifin, an investment app that simplifies investing by automatically purchasing stocks in brands where users regularly shop, announced on Wednesday that it has secured an $11 million Series A funding round, bringing the total amount raised to around $22 million. Alongside the announcement, Grifin also revealed it has surpassed 500,000 registered users, indicating that its approach to investing resonates with a lot of users. Grifin also claims approximately 1 million total app downloads and 100,

Grifin secures $11M to make investing less intimidating for its female user base

Grifin, an investment app that simplifies investing by automatically purchasing stocks in brands where users regularly shop, announced on Wednesday that it has secured a $11 million Series A funding round, bringing the total amount raised to around $22 million. Alongside the announcement, Grifin also revealed it has surpassed 500,000 registered users, indicating that its approach to investing resonates with a lot of users. Grifin also claims approximately 1 million total app downloads and 100,0

Spotify's Daniel Ek leads $694 million investment in defense startup Helsing

Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield. European defense technology startup Helsing on Tuesday said that it's raised 600 million euros ($693.6 million) in a bumper new round of funding. The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing. Existing investors Lightspeed Venture Partners, A

We investigated Amsterdam's attempt to build a 'fair' fraud detection model

METHODOLOGY How we investigated Amsterdam’s attempt to build a ‘fair’ fraud detection model For the past four years, Lighthouse has investigated welfare fraud detection algorithms deployed in five European countries. Our investigations have found evidence that these systems discriminated against vulnerable groups with oftentimes steep consequences for people’s lives. Governments and companies deploying these systems often show little regard for the biases they perpetrate against vulnerable gro

Rice University students design high-tech vest to help blind dogs navigate

What just happened? A playful Houston dog named Kunde inspired a group of Rice University engineering students to tackle a challenge faced by countless pets: how to help blind dogs explore their world without fear or frustration. Their answer is a high-tech vest that could soon offer new independence to visually impaired animals – without the discomfort of traditional aids. The project began when Kunde's owners, Grant Belton and AJ Price, reached out to Rice University's Oshman Engineering Desi

Meta beefs up disappointing AI division with $15 billion Scale AI investment

Meta has invested $15 billion into data-labeling startup Scale AI and hired its co-founder, Alexandr Wang, as part of its bid to attract talent from rivals in a fiercely competitive market. The deal values Scale at $29 billion, double its valuation last year. Scale said it would “substantially expand” its commercial relationship with Meta “to accelerate deployment of Scale’s data solutions,” without giving further details. Scale helps companies improve their artificial intelligence models by pr

Meta invests $14.8 billion in Scale AI and recruits its CEO

Meta has finalized its $14.3 billion investment in Scale AI, which now values the startup that provides other companies with data labeling and model evaluation services for AI training at $29 billion. As part of the deal, Scale AI's founder and CEO Alexandr Wang will be joining Meta. According to The New York Times, Wang will lead Meta's fledgling "Superintelligence lab." A few days ago, several reports came out that Meta chief Mark Zuckerberg has been personally overseeing the recruitment for a

Shaquille O'Neal settles long-running FTX investor lawsuit for $1.8 million

Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust What just happened? Shaquille O'Neal's long-running legal issues over his promotion of the now-bankrupt crypto exchange FTX appear to have ended. The former NBA star has agreed to pay $1.8 million to settle claims that he misled investors. In November 2022, a class action lawsuit was launched by investor Edwin Garrison against FTX founder Sam Bankman-Fried, claiming he misled customers and cost inv

Amazon to invest $20 billion in AI data centers across Pennsylvania

What just happened? Amazon Web Services, one of the world's three largest cloud providers, is increasingly focused on artificial intelligence and large language models. The company is now planning a significant expansion of its AI infrastructure initiatives in Pennsylvania. Amazon has announced plans to invest at least $20 billion in new cloud computing facilities across Pennsylvania. The tech giant, founded by Jeff Bezos, says the move reflects its commitment to advancing artificial intelligen

Inside Amsterdam’s high-stakes experiment to create fair welfare AI

Finding a better way Every time an Amsterdam resident applies for benefits, a caseworker reviews the application for irregularities. If an application looks suspicious, it can be sent to the city’s investigations department—which could lead to a rejection, a request to correct paperwork errors, or a recommendation that the candidate receive less money. Investigations can also happen later, once benefits have been dispersed; the outcome may force recipients to pay back funds, and even push some

Game investments and M&A totaled $17.5B across 985 deals in 2024 | DDM

As the games industry moves on from “survive til 25,” 2024 games investment and M&A data revealed recovery and improvement, according to market analyst firm Digital Development Management (DDM). In order to properly compare 2024 to 2023, it’s important to remember that in Q4 2023 Microsoft acquired Activision Blizzard for $68.7 billion, the largest gaming M&A in history by over 5.4 times its nearest counterpart of Take-Two Interactive’s $12.7 billion acquisition of Zynga. Removing Microsoft’s

Five of the most important fintech VCs investing heavily in the sector

Global investing in fintech startups is starting to see an uptick. Just this week, KPMG issued its Pulse of Fintech report for the second half of 2024. In the fourth quarter of 2024, investment climbed to $25.9 billion from $18 billion in the third quarter, according to KPMG. Granted, this is not the enthusiasm of years past, especially the wild days of 2021. But judging by our inboxes, there is no shortage of venture capitalists still betting big on the space. Below is a list of just a few VC

Europe risks becoming a 'museum' if it doesn't innovate in AI and deregulate, Swedish PM warns

STOCKHOLM — Europe is at risk of becoming a "museum" if it doesn't soften strict curbs on artificial intelligence technologies and deregulate, Sweden's Prime Minister Ulf Kristersson said Thursday. "I think we really need to step up in Europe ... the American economy, Chinese economy have been growing far faster compared to the European economies over the last 20 years," the premier told attendees of the Techarena event in Stockholm. "If we don't change that, Europe will actually become some k