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North Carolina 'Musician' Faces Charges After Earning $10M from AI-Generated and Bot-Boosted Music

North Carolina 'Musician' Faces Charges After Earning $10M from AI-Generated and Bot-Boosted Music

North Carolina man Michael Smith made $10 million by using AI and fake accounts to flood music streaming services with artificial songs, leading to charges of wire fraud and money laundering.


Goldman Sachs Predicts Strongest US Economic Growth if Harris Wins Presidency

A win for Kamala Harris and the Democrats would boost US economic growth and job opportunities for Americans, while a Trump victory could lead to reduced economic output due to higher tariffs and stricter policies, according to Goldman Sachs.

Hacker Starts Laundering $234M Stolen From India’s WazirX Crypto Exchange

The hacker who stole $234 million from WazirX has started laundering the funds as efforts to recover them face challenges, further frustrating users.

Bluesky Warns of Tech Outage After Usage Traffic Surges in Brazil Following X Ban

Bluesky saw a surge in users in Brazil after the country banned Elon Musk's X platform, leading to performance issues due to high traffic.


Latest News

Hong Kong Exits 'Golden Era' in Retail as Mainland Tourists Cut Back on Luxury Spending
Hong Kong's retail sector has seen a 7.3% decline in 2024, mainly due to reduced spending by mainland Chinese tourists despite a surge in visitor arrivals.
What's Open, Closed on Labor Day 2024: Banks, Government Offices, Retail and Grocery Stores, Restaurants and More
This Labor Day 2024, banks and government offices will be closed but most major retailers and restaurants will remain open with varying hours, and other sectors will open for a limited time.
OLY-PARIS-2024-MEDIA
NBCUniversal's overhaul of its Olympics coverage led to a record $1.2 billion ad revenue and more than 30 million viewers for the 2024 Paris Games, thanks to a revamped strategy focused on Peacock.
GLP-1 Treatments Like Ozempic Reduce Risk of Obesity-Related Cancers in Type 2 Diabetes Patients: Study
A new study reveals that semaglutide, a key ingredient in Ozempic and Wegovy, reduces the risk of dying from Covid-19 by 33%, [otentially boosting its market value.
Gov. Newsom Urges Special Session to Cut California's Gas Prices 40% Higher Than US Average
California Governor Gavin Newsom has called a special session to address the state's rising gas prices, which average $4.64 per gallon, nearly 40% above the national average.
SEC Sues Defunct Crypto Bank Silvergate Over Alleged Bank Secrecy Act Violations
The crypto industry has spent nearly $120 million in the 2024 election cycle to influence US politics and push for favorable regulations.
Disney CEO Bob Iger Speaks At The New York Economic Club
Bob Iger is intensely focused on finding his successor before his contract ends in December 2026, with former Morgan Stanley CEO James Gorman leading the search committee amid ongoing challenges for Disney.
X to be Banned in Brazil After Missing Deadline for New Legal Representative
Elon Musk's X is likely to be blocked in Brazil after missing a deadline to appoint a new legal representative, escalating a dispute with local authorities over compliance with regulations.
Spain Offers to Pay Tech Workers $17,000 If They Relocate to Rural Extremadura Region
Spain will pay digital nomads and remote tech workers up to $17,000 to move to its rural Extremadura region as part of a $2 million effort to combat depopulation.
US Economic Growth Paces Stronger Than Expected, Thanks to HIgh Consumer Spending
The US economy grew at a 3.0% annualized rate in Q2 2024, driven by strong consumer spending and a rebound in corporate profits, reflecting continued economic growth.
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