AI scammers on Amazon duped investors out of millions with 'passive income' scheme, FTC alleges

Amazon AI scammers duped investors out of millions with 'passive income' scheme, FTC alleges

The Federal Trade Commission is going after an e-commerce company that allegedly took millions of dollars from consumers as part of a “passive income” scheme, which spun up Amazon storefronts on ...

NBC News - 6h

AI scammers on Amazon duped investors out of millions with 'passive income' scheme, FTC alleges

The company promised better returns than the stock market, with a co-founder appearing in TikTok videos with wads of cash alongside an image of Warren Buffett.

CNBC - 7h

FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls

The Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints.

NBC News - 6d

Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.

The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.

The New York Times - Mar. 8

FTC reverses course, says it has resources to pursue Amazon deceptive practices case

The FTC said it will meet the deadlines for its Amazon Prime deceptive practices case, hours after requesting a delay due to resource constraints.

CNBC - 6d

I have 5 income streams and make over $1 million from Amazon alone: My No. 1 advice for starting a side hustle

Mind Brain Emotion founder and CEO Dr. Jenny Woo shares the strategies that helped make her side hustle a success.

CNBC - Mar. 10

FTC seeks delay in Amazon trial, citing recent cuts in staff, budget

Lawyer for the Federal Trade Commission says agency needs to seek trial delay in case against Amazon due to staffing and budgetary challenges.

CBS News - 5d

Computer owners duped in antivirus scam to get over $25M: What to know about payments

More than $25 million in payments will go out this week to customers who were tricked into paying for fraudulent tech support offered by two companies.

The Hill - Mar. 11

Sydney caravan a ‘fake terrorism plot’ and antisemitic attacks a scheme to divert police resources, authorities allege

‘The caravan plot was an elaborate scheme contrived by organised criminals domestically and from offshore,’ AFP deputy commissioner Krissy Barrett says. Get our breaking news email , free app ...

The Guardian - Mar. 10

Cramer explains why investors are no longer paying up for AI stocks

CNBC's Jim Cramer on Tuesday suggested that despite the fervor for AI, investors are no longer willing to pay high prices for stocks related to the technology.

CNBC - 2h

Amazon is now testing AI-aided dubbing for some movies and series on Prime

Amazon is testing artificial intelligence-aided dubbing for select movies and shows offered on its Prime streaming service

ABC News - Mar. 6

Amazon testing AI-aided dubbing for some movies and series on Prime

Amazon is testing artificial intelligence-aided dubbing for select movies and shows offered on its Prime streaming service

ABC News - Mar. 6

Halliday raises $20 million to build AI agents that operate safely on blockchain

Halliday secures $20 million to develop secure AI agents for blockchain, solving critical safety challenges for enterprise applications with immutable guardrails and automated workflows.

VentureBeat - 12h

Apple’s stock sees worst day since 2022. Here are 2 major worries for investors.

Investors are concerned about delayed AI features and the looming threat of tariffs.

MarketWatch - Mar. 10

Capitalism Is Even Scarier Than Usual In This New Horror Game

A quick search online can provide countless horror stories about working in an Amazon warehouse : Conditions are frequently cited as being unsafe; many workers report feeling burned out, and ...

GameSpot - Mar. 10

Palantir delivers first two AI-enabled systems to U.S. Army

Palantir is rolling out the first two artificial intelligence-enabled systems as part of its $178 million contract with the U.S. Army, the company said Friday.

CNBC - Mar. 7

Everything You Say to Your Echo Will Soon Be Sent to Amazon, and You Can’t Opt Out

Amazon is killing its “Do Not Send Voice Recordings” privacy feature on March 28 as the company aims to bolster Alexa+, its new subscription assistant.

Wired - 1d

Michigan AD says he's had no talks about postseason ban, penalties in relation to sign-stealing scandal

Michigan is waiting for a final report on an NCAA investigation into its alleged sign-stealing scheme

CBS Sports - 10h

Tech stocks tumble as AI boom fizzles out

The world’s biggest technology companies have seen their stock prices tumble over the past month as wider tumult in the market hits the tech sector hard after years of steep gains driven by ...

The Hill - 4d

AI Is Changing Everything. Here’s How to Stand Out as a Thought Leader

A branding expert shares how to get ahead of AI and establish your presence as an authentic thought leader.

Inc. - Mar. 8

Stephen Miller: Court has 'no authority' in deportation of alleged Venezuelan gang members

Senior White House aide Stephen Miller on Monday asserted a federal judge did not have the authority to direct how the administration carried out the deportations of alleged gang members amid a ...

The Hill - 1d

Liminal Experiences raises $5.8M for UGC and AI gaming

Liminal Experiences, a new user-generated content gaming startup dedicated to using AI to assist human creativity, raised $5.8 million.

VentureBeat - Mar. 11

Dell is a buy as the AI sector takes a hit, Jim Cramer says

As the market sell-off continues, CNBC's Jim Cramer suggested Dell is a good stock to buy even while investors lose faith in the validity of the AI boom.

CNBC - Mar. 11

Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI

Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.

CNBC - Mar. 11

McDonald’s Customers Will Get Their Meals With a Side of AI

The Golden Arches is joining many of its fast-food rivals in rolling out AI technology it hopes will increase efficiency, ease workflows, and boost satisfaction.

Inc. - Mar. 8

Nunu.ai raises $6M for AI agents dubbed ‘unembodied minds’ for game testing

Nunu.ai has raised $6 million and unveiled Unembodied Minds, or AI agents designed for game testing and to control any given body as needed.

VentureBeat - 6d

Baidu shares jump 10% following release of new free-to-use AI models

Shares of Chinese tech giant Baidu were trading up 10% in trading in Asia, as investors reacted positively to a spate of AI model releases over the weekend.

CNBC - 18h

The great software rewiring: AI isn’t just eating everything; it is everything

Gen AI is not just another technology layer; it has the potential to eat the entire software industry from the inside-out.

VentureBeat - Mar. 9

How This Fintech Founder Raised $300 Million and Turned His Customers Into Investors

Capitolis founder and CEO Gil Mandelzis knows how to bide his time when it comes to raising capital.

Inc. - 4d

Jury orders ex-NFL player Le'Veon Bell to pay $25 million in damages in sexual abuse case

Bell denied these allegations through his attorney

CBS Sports - 4d

Inside Elon Musk’s ‘Digital Coup’

Musk’s loyalists at DOGE have infiltrated dozens of federal agencies, pushed out tens of thousands of workers, and siphoned millions of people’s most sensitive data. The next step: Unleash the AI.

Wired - 5d

Inside Elon Musk’s ‘Digital Coup’

Musk’s loyalists at DOGE have infiltrated dozens of federal agencies, pushed out tens of thousands of workers, and siphoned millions of people’s most sensitive data. The next step: Unleash the AI.

Wired - 5d

FTC commissioner says he was ‘illegally fired’ by Trump

A commissioner with the Federal Trade Commission (FTC) said he was “illegally fired” by President Trump. In a statement posted to social platform X, Alvaro Bedoya said he was wrongfully terminated ...

The Hill - 3h

Mark Cuban: Companies can either be 'great at AI' or risk being 'put out of business'

Mark Cuban says AI is already dominating the business world, just like personal computers once did — and companies that don't understand it will be left behind.

CNBC - 3d

David Sacks sold $200 million in crypto-related holdings before taking White House job, ethics memo says

The White House memo revealed that AI and Crypto Czar David Sacks divested over $200 million in digital asset-related investments.

CNBC - 4d

Nvidia’s stock has been ‘brutalized.’ Here’s the big disconnect.

Investors appear worried about the health of AI spending. But big AI customers don’t seem hesitant, an analyst notes.

MarketWatch - Mar. 11

Nvidia debuts Llama Nemotron open reasoning models in a bid to advance agentic AI

At GTC, Nvidia is rolling out an open source reasoning model family to help advance agentic AI for enterprise deployments.

VentureBeat - 6h

First NHS vape clinic treating addicts as young as 11

Pilot scheme could be rolled out across England to help tackle growing nicotine problem impacting adolescents

Financial Times - 6d

How to protect yourself as fraud losses hit $12.5 billion in 2024

A new FTC report reveals a sharp rise in fraud losses, with 2.6 million consumers reporting scams in 2024. With financial fraud surging, CBS News business analyst Jill Schlesinger shares how to ...

CBS News - 5d

Nvidia’s stock is rebounding, but the key to a real recovery may surprise investors

While Wall Street may be worried about the sustainability of AI spending, a BofA analyst thinks gross margins are more crucial to the stock trajectory.

MarketWatch - 6d

Latest in AI scammers on Amazon duped investors out of millions with 'passive income' scheme, FTC alleges

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