Social media giant X said Monday that it has refused to cooperate with an investigation by French police over alleged algorithm manipulation and fraudulent use of data, saying the criminal probe is "politically motivated."
Social media giant X said Monday that it has refused to cooperate with an investigation by French police over alleged algorithm manipulation and fraudulent use of data, saying the criminal probe is "politically motivated."
A former Deutsche Bank trader convicted of tricking market competitors through a "spoofing" scheme has sued the bank in a London court, alleging it trained him to use an illegal trading strategy and then "scapegoated" him when he faced prosecution.
A finance company urged the U.K.'s top court Monday to partly override a judgment that found it liable for botched property investments worth approximately £1.7 million ($2.3 million), arguing that its liability to investors should have been limited.
Arcadia Group has failed to strike out claims by the former chief executive and the finance boss at the oil trader who alleged that the company had dishonestly accused them of funneling $335 million profits in their own pockets.
HM Revenue & Customs was right to determine that a company had promoted a contractor loan tax scheme, a London tribunal ruled, finding the Manchester-based business liable for up to £1 million ($1.3 million) in penalties.
Two former directors of a telecom technology company are suing their successors for over £8 million ($10.7 million), alleging they were tricked into selling their shares at a fraction of their true value.
The British Standards Institution on Monday unveiled what it called the world's first standard for companies independently auditing artificial intelligence systems amid concern over a potential "wild west" of unchecked providers.
The European Commission's recent Q&A on artificial intelligence literacy is designed to assist with European Union AI Act compliance, but since the law does not require a one-size-fits-all approach, organizations need to consider specific use cases and focus on implementing staff training, says Edward Machin at Ropes & Gray.
