government

Consumer Financial Protection Bureau moves to place Google under supervision

The Consumer Financial Protection Bureau (CFPB) has taken steps to place Google under formal federal supervision, a move that could subject the company to the same inspections the government imposes on major banks. According to The Washington Post, the CFPB has been in talks with Google for months about the supervision order, which hasn’t yet

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How two brothers went from growing up on a sailboat to making underwater military vehicles 

Vatn Systems founders Nelson and Freddie Mills spent their childhood cruising over turquoise waters, doing their homework on a sailboat off the coast of Caribbean islands. While their surroundings were idyllic, their vessel of choice was decidedly not. “The first boat I remember, I think our parents bought it for like five, ten grand,” Freddie

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Meta says it’s making its Llama models available for US national security applications

To combat the perception that its “open” AI is aiding foreign adversaries, Meta today said that it’s making its Llama series of AI models available to U.S. government agencies and contractors in national security. “We are pleased to confirm that we’re making Llama available to U.S. government agencies, including those that are working on defense

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U.S., China and other nations convene in Seoul for summit on AI use in military

More than 90 nations, including the U.S. and China, will convene at a two-day summit in Seoul starting Monday to attempt to establish a blueprint for the use of AI in the military. As Reuters reports, participants hope to establish minimum guardrails and suggest principles for “responsible” AI deployment aligned with NATO principles. The summit

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SEC charges crypto firm NovaTech with fraud

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme — one that lured investors

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The best hacks and security research from Black Hat and Def Con 2024

Thousands of hackers, researchers and security professionals descended on the Black Hat and Def Con security conferences in Las Vegas this week, an annual pilgrimage aimed at sharing the latest research, hacks, and knowledge across the security community. And TechCrunch was on the ground to report on the back-to-back shows and to cover some of

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OpenAI pledges to give U.S. AI Safety Institute early access to its next model

OpenAI CEO Sam Altman says that OpenAI is working with the U.S. AI Safety Institute, a federal government body that aims to assess and address risks in AI platforms, on an agreement to provide early access to its next major generative AI model for safety testing. The announcement, which Altman made in a post on

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