government

The U.S. has a new cybersecurity safety label for smart devices

Security /

The White House this week announced a new label for internet-connected devices, the U.S. Cyber Trust Mark, intended to help consumers make more-informed decisions about the cybersecurity of products they bring into their homes. To earn the U.S. Cyber Trust Mark, which is being administered by the Federal Communications Commission, companies have to test their […]

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Ex-PayPal COO David Sacks is Trump’s new crypto and AI ‘czar’

Government & Policy /

Incoming President Donald Trump has a new crypto and AI “czar”: ex-PayPal COO David Sacks. Trump announced Sacks’ appointment Thursday in a post on Truth Social, Trump’s social networking platform. “[Sacks] will work on a legal framework so the Crypto [sic] industry has the clarity it has been asking for, and can thrive in the

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Consumer Financial Protection Bureau moves to place Google under supervision

Government & Policy /

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 

Fundraising /

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

AI /

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

Government & Policy /

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

Government & Policy /

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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