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Just this week, the SEC sued Kraken, another crypto exchange, alleging that it is operating as an unregistered securities exchange. Binance is exiting the US as part of the agreement the crypto exchange made with law enforcement agencies. That also includes the Justice Department, the Commodity Futures Trading Commission , and the Treasury Department. There is even a National Cryptocurrency Enforcement Team within the Justice Department actively identifying and investigating criminal cases involving digital assets. That is precisely how the feds secured the first ever corporate settlement with a crypto exchange.

Persons: Sam Bankman, Zhao, Binance, Brian Armstrong, Coinbase, ” Armstrong, “, General Merrick Garland, ” Changpeng Zhao, Anthony Kwan, cryptocurrencies, ethereum, Bitcoin, ’, it’s, Ethereum, Treasury Department —, Kraken, Tiffany Hagler, ” Garland, Lisa Monaco, Tuesday’s presser, “ I’ve, Benham Organizations: New, New York CNN, Justice Department, Bloomberg, Getty, Washington DC, US Department of Justice, Department of Justice, Treasury, Securities and Exchange Commission, Treasury Department, SEC, Geard, Futures Trading Commission, Cryptocurrency, feds Locations: New York, United States, Binance, Washington, U.S, “, rulemaking

☆ Tesla beats lawsuit claiming it monopolizes repairs, parts
▼ + stars: | 2023-11-18 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Tesla logo is seen on the steering wheel of an electric vehicle at a dealership in Durango, northern Spain, October 30, 2023. She also said customers could not prove that Tesla coerced them into using its services and parts simply because they had bought their vehicles in the first place. She said customers may choose to amend their complaint, which combined five lawsuits and covered drivers who have paid for Tesla repairs and parts since March 2019. Customers said Tesla differs by requiring them to have vehicles serviced by the Austin, Texas-based company or its approved service centers, and use only Tesla parts. The case is Lambrix v Tesla Inc, U.S. District Court, Northern District of California, No.

Persons: Vincent West, Elon, Trina Thompson, Tesla, Thompson, Jonathan Stempel, Diane Craft Organizations: REUTERS, Tesla Inc, Court, Northern District of, Thomson Locations: Durango, Spain, U.S, San Francisco, California, Austin , Texas, Northern District, Northern District of California, New York

☆ Judge sides with Paramount on some claims in Warner Bros. 'South Park' streaming lawsuit
▼ + stars: | 2023-11-15 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

A judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series "South Park." New York state Supreme Court Justice Margaret Chan said that Paramount did not violate state consumer protection laws after its streaming platform, Paramount+, hosted "South Park" specials. The decision follows a February lawsuit, where Warner alleged that Paramount deceptively withheld the specials and other "South Park" content to bolster Paramount+ offerings. Paramount would later release "South Park: Post Covid" in 2021 and "South Park: The Streaming Wars" in 2022, exclusively on Paramount+.

Persons: Margaret Chan, didn't, Warner, Max, Paramount countersued, Chan, Warner's Organizations: Paramount Global, Warner Bros . Discovery, Paramount, Warner, HBO Max, Comedy Locations: York

☆ Judge narrows lawsuit over 'South Park' streaming rights
▼ + stars: | 2023-11-14 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A New York trial judge has narrowed Warner Bros Discovery's lawsuit against Paramount Global (PARA.O) over the rights to stream "South Park," the animated comedy featuring foul-mouthed children. She also dismissed a claim that Paramount failed to act in good faith, because that claim duplicated Warner's breach of contract claim. Warner sued in February, saying Paramount breached the agreement by providing only 14 new episodes, and diverted other new "South Park" content to its Paramount+ streaming service under a $900 million agreement with Parker and Stone. "South Park" was launched in August 1997 on Comedy Central, owned by Paramount. The case is WarnerMedia Direct LLC v Paramount Global et al, New York State Supreme Court, New York County, No.

Persons: Alyssa Pointer, Margaret Chan, Trey Parker, Matt Stone, HBO Max, Warner, Parker, Stone, countersued Warner, Jonathan Stempel, Franklin Paul Organizations: Warner Bros . Discovery Atlanta, REUTERS, Warner Bros, Paramount Global, Paramount, HBO, Comedy Central, New York, Court, Franklin Paul Our, Thomson Locations: Atlanta , Georgia, U.S, York, Manhattan, New, Court , New York County, New York

☆ A boomer on short-term disability isn't required to make student-loan payments right now. Her servicer took out $200 from her bank anyway.
▼ + stars: | 2023-11-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Amy, 59, is not required to make any student loan payments while pursuing her teaching certificate. It comes as the Education Department is working to strengthen oversight over servicers. AdvertisementAdvertisementWhile federal student-loan payments resumed for most borrowers in October, Amy, 59, knew she was not expected to make any payments. "But that's not the case with student loans. "It's ridiculous these companies get contracts for federal student loans," Amy said.

Persons: Amy, servicer, —, MOHELA, Joe Biden's, servicers, Amy —, she's, that's, it's, Harris, Education Miguel Cardona Organizations: Education Department, Service, Joe Biden's Education Department, The Education Department, Aid, Biden, Harris Administration, Education

☆ Student-loan borrowers facing bad customer service could be transferred to a 'high-performing' company if issues persist, Biden's Education Department says
▼ + stars: | 2023-11-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department released new guidance on holding student-loan servicers accountable. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementPresident Joe Biden's Education Department just warned student-loan companies that they can't keep getting away with bad behavior. On Thursday, the Education Department announced a new framework for holding services accountable as the transition back into repayment for millions of borrowers continues. The framework outlines how the department will monitor the quality of customer service borrowers are receiving from their servicers, along with punishments when servicers do not fulfill their contractual obligations.

Persons: servicers, —, Joe Biden's, Harris, Education Miguel Cardona Organizations: Education Department, Service, Joe Biden's Education, Biden, Harris Administration, Education, MOHELA Locations: servicers

REUTERS/Chris Helgren Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Citigroup Inc (C.N) has agreed to pay $25.9 million to settle U.S. Consumer Financial Protection Bureau (CFPB) charges it intentionally discriminated against credit card applicants who the bank identified as Armenian-American based on their last names. The CFPB also said bank employees lied to applicants by giving them fake reasons for denials, and were instructed not to discuss the discrimination in writing or over the phone. According to a consent order, some employees referred to card applicants they suspected were of Armenian descent as "Armenian bad guys" or the "Southern California Armenian Mafia." The payment includes a $24.5 million civil fine and $1.4 million of restitution to card applicants, for violations of the federal Equal Credit Opportunity Act. Citigroup apologized, saying it had been trying to thwart an Armenian fraud ring in California but that a "small number" of employees circumvented its fraud detection protocols.

Persons: Chris Helgren, Rohit Chopra, Chopra, Biden, Jonathan Stempel, Tatiana Bautzer, Douglas Gillison, Chizu Nomiyama, Mark Potter Organizations: Citigroup Inc, Citi, REUTERS, Consumer Financial Protection Bureau, Citigroup, Southern California Armenian Mafia, Credit, Act, Thomson Locations: Toronto , Ontario, Canada, Glendale , California, Armenia, United States, Southern California, California, York, New York, Washington

☆ As student loan payments restart, one borrower got a $108,895 monthly bill, Education Department memo details
▼ + stars: | 2023-11-02 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

As student loan bills restarted in October for tens of millions of Americans, the companies that service those loans made errors that potentially violate federal and state consumer protection laws. "The restart of repayment has caused pure chaos for nearly 3 million borrowers," said higher education expert Mark Kantrowitz, who reviewed the memo at CNBC's request. That plan, which was touted as the "most affordable repayment plan ever," was meant to ease the transition back to payments for borrowers. Federal student loan payments had been on pause for more than three years until they resumed last month. Yet one woman who signed up for the SAVE plan got a bill for $355, the memo says, when she was only supposed to owe $58.

Persons: Mark Kantrowitz Organizations: U.S . Department of Education's, Federal, Aid, Finance, Department, Biden, Valuable Education, SAVE

☆ Student-loan borrowers could take legal action against their servicers or the Biden administration if repayment mistakes aren't fully fixed, a new federal memo says
▼ + stars: | 2023-11-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education Department released a memo detailing mistakes it found student-loan servicers are making with repayment. It pushed for the mistakes to be remedied for borrowers to avoid legal action. AdvertisementAdvertisementPresident Joe Biden's Education Department is concerned student-loan borrowers could turn to legal action if issues with their accounts aren't fully resolved. The Education Department said it will continue enforcing oversight over servicers to ensure borrowers are not further harmed by mistakes to no fault of their own. "We are committed to making things right for borrowers and holding our contractors accountable for errors when they do occur."

Persons: MOHELA, —, Joe Biden's, Education James Kvaal, servicers, I've, it's, Richard Cordray Organizations: Education Department, Service, Joe Biden's Education Department, Wednesday, Federal Student Aid, Education, MOHELA, Department, The Education Department Locations: forbearance

SEATTLE (AP) — An Idaho woman is suing her one-time fertility doctor, saying he secretly used his own sperm to inseminate her 34 years ago — the latest in a string of such cases brought as at-home DNA sampling enables people to learn more about their ancestry. He charged $100 cash for each of several treatments, saying the money was for the college or medical students who were donating the sperm, the lawsuit said. But the newspaper reported that Claypool claimed he had no knowledge of the allegations and didn't know Sharon Hayes. “But this is the first I’ve heard of anything in 40 years.”A number of cases of “fertility fraud” have arisen as online DNA services have proliferated. A Colorado jury awarded nearly $9 million to three families who accused a fertility doctor of using his own sperm to inseminate mothers who requested anonymous donors.

Persons: Sharon Hayes, David R, Claypool, Brianna Hayes, 23andMe, “ It's, ”, Hayes, Drew Dalton, Dalton, didn't, “, ” Claypool, RJ Ermola Organizations: SEATTLE, Spokane County Superior Court, Associated Press, AP, Claypool, Seattle Times, New York Times, Netflix Locations: An Idaho, Hauser , Idaho, Spokane , Washington, Spokane County, U.S, Indiana, Colorado

☆ US lawmakers question tax prep companies on sharing of taxpayer data with Big Tech platforms
▼ + stars: | 2023-10-26 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

“Americans should be able to file their taxes without fear that their sensitive data will be shared with Big Tech companies,” said the letters, copies of which were obtained by CNN. The letters — led by Massachusetts Democratic Sen. Elizabeth Warren — focus on the use of tracking technology developed by tech platforms and embedded within the tax prep companies’ websites that quietly transferred users’ personal information to Meta and Google, allegedly without their consent. Of the five tax prep companies, Intuit was not a major focus of the initial congressional probe because it did not use tracking pixels to the same extent as the others, the investigation found. They also asked the same question of each of the four other tax prep companies, as well as requesting a commitment to abide by the FTC’s warning not to use customer data in ways consumers did not expressly approve. The lawmakers requested that the tax prep firms respond by Nov. 8.

Persons: ”, Massachusetts Democratic Sen, Elizabeth Warren —, Warren, Meta, — Sens, Ron Wyden, Richard Blumenthal, Tammy Duckworth, Vermont Independent Bernie Sanders, Sheldon Whitehouse, Katie Porter Organizations: CNN, Federal Trade Commission, Big Tech, Massachusetts Democratic, Meta, Google, FTC, Intuit, Ramsey Solutions, Oregon Democrat, Connecticut Democrat, Vermont Independent, Rhode, Rhode Island Democrat, House Democratic Locations: Oregon, Connecticut, Vermont, Rhode Island, California

☆ 1,000 cats rescued in China from being slaughtered and sold as pork, mutton
▼ + stars: | 2023-10-24 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Police in China have rescued some 1,000 cats from a truck en route to a slaughterhouse, state-affiliated media has reported, busting part of an illicit trade that fraudulently sells feline meat as pork or mutton and sparking fresh food safety concerns. The report did not mention whether any arrests had been made, nor whether the cats were strays or pets. CNN has reached out to the Zhangjiagang police and the animal shelter for comment. Images published by The Paper showed rescued cats at the shelter resting in larger cages. Animal rights and environment groups have long campaigned against the use of animal parts – including from many endangered species – for traditional medicine.

Persons: Gong Jian, Han Jiali Organizations: Hong Kong CNN — Police, Police, CNN, Local, corgi Locations: Hong Kong, China, Zhangjiagang, Jiangsu, Guangdong, Chinese, Yulin, Guangxi

The NewsMeta was sued by more than three dozen states on Tuesday for knowingly using features on Instagram and Facebook to hook children to its platforms, even as the company said its social media sites were safe for young people. The District of Columbia and eight other states filed separate lawsuits on Tuesday against Meta with most of the same claims. The states said Meta’s algorithms were designed to push children and teenagers into rabbit holes of toxic and harmful content. Features like “infinite scroll” and persistent alerts were used to hook young users, the states said. “Meta has harnessed powerful and unprecedented technologies to entice, engage, and ultimately ensnare youth and teens,” the states said in their lawsuit.

Persons: “, ” Meta, “ We’re Organizations: Meta, Northern, Northern District of, of Columbia Locations: Colorado , Tennessee, Massachusetts, U.S, Northern District, Northern District of California

☆ Meta sued by 42 attorneys general for addictive features targeting kids
▼ + stars: | 2023-10-24 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

A bipartisan group of 42 attorneys general is suing Meta over addictive features aimed at kids and teens, the AGs announced Tuesday. The support from so many state AGs of different political backgrounds indicates a significant legal challenge to Meta's business. Besides New York, the states that filed the federal suit include California, Colorado, Louisiana, Nebraska, South Carolina, Washington and Wisconsin. It's also not the first time a broad coalition of state AGs have teamed up to go after Meta. Meta was well aware of the negative effects its design could have on its young users, the AGs allege.

Persons: Letitia James, It's, Meta, James, –, Frances Haugen, Instagram, Haugen, Brian Schwalb, Schwalb, Andy Stone, We're, Joe Biden, Jim Cramer Organizations: AGs, Meta, Northern District of, New York, Federal Trade Commission, Facebook, Street, CNBC, State Locations: Northern District, Northern District of California, New York, California , Colorado , Louisiana , Nebraska, South Carolina, Washington and Wisconsin, America

☆ Some student-loan borrowers with private debt are being forced to make payments they don't owe, a federal watchdog says
▼ + stars: | 2023-10-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The CFPB released a report analyzing complaints from private and federal student-loan borrowers. AdvertisementAdvertisementSome lenders might be discouraging private student-loan borrowers from receiving relief to which they're entitled. In that time period, 9,284 student-loan borrowers submitted complaints — 6,934 of which were related to federal loans and 2,350 of which were related to private loans. The current private student-loan portfolio in the US has about $132 billion in outstanding debt, which is 8% of the total outstanding student debt. As Insider previously reported, private student-loan borrowers are more vulnerable than federal borrowers because they do not have the same avenues for federal debt relief and repayment, and it's harder to regulate private lenders that can set their own terms.

Persons: —, Robert Cameron, Federal Trade Commission's, it's, Cameron Organizations: Service, Consumer, Federal Trade

☆ Three Listed Chinese Firms Used Endangered Animal Parts as Ingredients Report
▼ + stars: | 2023-10-22 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

In a report published Monday, the London-based Environmental Investigation Agency urged global investors in the three firms - Beijing Tong Ren Tang group, Tianjin Pharmaceutical group and Jilin Aodong Pharmaceutical Group - to divest their stakes. The group said it focused on the pharmaceutical companies because they are publicly listed, and display products that include leopard or pangolin parts on their websites. Beijing Tong Ren Tang and Tianjin Pharmaceutical group did not respond to several emails and calls from Reuters asking for comment. Jilin Aodong Pharmaceutical Group could not be reached for comment. The environmental group said Deutsche Bank, HSBC Holdings, Citigroup and BlackRock did not respond to its queries.

Persons: Andrew Silver, Selena Li SHANGHAI, Beijing Tong Ren Tang, Avinash Basker, Wells, China's, Selena Li, Miyoung Kim, Miral Organizations: Reuters, UBS, HSBC, Environmental Investigation Agency, Tianjin Pharmaceutical, Jilin Aodong Pharmaceutical, TCM, Deutsche Bank, HSBC Holdings, Citigroup, Co, HSBC Global Asset Management Canada, Royal Bank of Canada, BlackRock, Citigroup ， Deutsche Bank, Medical Products Administration, Protection Locations: HONG KONG, London, Beijing, Tianjin, Jilin, BlackRock, Shanghai, Hong Kong

In a report published Monday, the London-based Environmental Investigation Agency urged global investors in the three firms - Beijing Tong Ren Tang group (600085.SS), Tianjin Pharmaceutical group (600329.SS) and Jilin Aodong Pharmaceutical Group (000623.SZ) - to divest their stakes. The group said it focused on the pharmaceutical companies because they are publicly listed, and display products that include leopard or pangolin parts on their websites. Beijing Tong Ren Tang and Tianjin Pharmaceutical group did not respond to several emails and calls from Reuters asking for comment. Jilin Aodong Pharmaceutical Group could not be reached for comment. The environmental group said Deutsche Bank, HSBC Holdings, Citigroup and BlackRock did not respond to its queries.

Persons: pangolin, Seun, Beijing Tong Ren Tang, Avinash Basker, Wells, China's, Andrew Silver, Selena Li, Miyoung Kim Organizations: REUTERS, Rights, UBS, HSBC, Environmental Investigation Agency, Tianjin Pharmaceutical, Jilin Aodong Pharmaceutical, TCM, Deutsche Bank, HSBC Holdings, Citigroup, BlackRock, & Co, HSBC Global Asset Management Canada, Royal Bank of Canada, Citigroup ， Deutsche Bank, Reuters, Medical Products Administration, Protection, Thomson Locations: Lagos, Nigeria, Rights SHANGHAI, HONG KONG, London, Beijing, Tianjin, Jilin, Shanghai, Hong Kong

☆ Chinese listings overseas getting complicated despite growing interest, says NYSE's Ge
▼ + stars: | 2023-10-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. There is strong appetite among Chinese companies to list on U.S. stock exchanges, but these IPOs have become a more complicated process, according to Kobe Ge, the head of China at the New York Stock Exchange. But they're not so familiar with the procedures, which have proved to be more challenging of late, he added. "Previously, listing in the U.S. was relatively easy," Ge said, noting it would take just four-and-a-half or five months for Chinese firms to complete a U.S. IPO. Amid a tepid U.S. IPO market, the handful of Chinese names that have been able to list this year have mostly been smaller companies.

Persons: Kobe Ge, they're, Ge Organizations: Global Inc, New York Stock Exchange, CNBC's East Tech West, CNBC, China Securities Regulatory Commission Locations: New York City, U.S, Kobe, China, Covid, Nansha, Guangzhou, Hong Kong

☆ Aindo uses generative AI to develop synthetic data. Check out the 13-slide pitch deck used to secured $6 million.
▼ + stars: | 2023-10-18 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

A startup that uses generative AI to create synthetic data has just nabbed $6 million in Series A funding from United Ventures. Italian startup Aindo, which launched in 2018, has developed and patented a technology which can generate artificial data, which mimics the characteristics and patterns of the original dataset. This can then be used to train AI models across a range of industries. IBy 2024, 60% of the data used for AI will be synthetic, according to estimates from Gartner. Europe's data protection laws also mean that acquiring certain data points – such as medical records or patient details — is difficult.

Persons: Daniele Panfilo, Panfilo, Aindo's, Aindo Organizations: United Ventures, Gartner

☆ Trump and Ivanka's relationship was 'severely damaged' after he found out she was friends with Christopher Steele, the former MI6 agent says
▼ + stars: | 2023-10-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Former MI6 agent Christopher Steele said that his friendship with Ivanka Trump hurt her relationship with her dad. AdvertisementAdvertisementFormer President Donald Trump's relationship with his daughter Ivanka broke down "severely" when the somewhat awkward news emerged that she had an undisclosed friendship with Christopher Steele, the former MI6 agent said on Tuesday. AdvertisementAdvertisement"I informed them that I had in fact had a friendship and professional relationship with Ivanka Trump . AdvertisementAdvertisementBut in his witness statement on Tuesday, Steele said that revealing this had led to trouble with the then-president. Ivanka Trump served as a presidential advisor during the Trump administration and took to the stage in 2020 to introduce him at the RNC.

Persons: Christopher Steele, Ivanka Trump, Steele, —, Donald Trump's, Ivanka, Trump, Sonam Sheth, General Michael Horowitz, Steele's, Ms Trump, Trump's, Mr Steele, Jared Kushner — Organizations: Service, Trump, Associated Press, Business Intelligence, FBI, DOJ, The Times, Guardian, Trump Tower, Times, RNC, DC Locations: London, Trump, Russia, Scotland

☆ Trump committed egregious intelligence breach, ex-UK spy tells court
▼ + stars: | 2023-10-17 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

The former intelligence officer also said: "Two of the named Russian sources have not been seen or heard of since." On the last day of his presidency, Trump declassified Steele's evidence and provided a copy of his testimony to a journalist, Steele said in his statement. "The publication of this document did serious damage to the U.S. government's Russian operations and their ability to recruit new Russian sources," Steele said. Steele also said in his witness statement that he believed Trump was "motivated by a personal vendetta against me and Orbis and a desire for revenge". In his witness statement, Trump said Ivanka was "completely irrelevant to this claim and any mention of her only serves to distract this court from (Orbis') and Mr Steele's reckless behavior".

Persons: Donald Trump, Shannon Stapleton, Steele, Trump, declassification, Donald Trump's, Christopher Steele, president's, Robert Mueller's, Mueller, Ivanka, Mr Steele, Sam Tobin, Emelia Sithole Organizations: U.S, Republican, REUTERS, London's, Trump, Orbis Business Intelligence, FBI, Thomson Locations: West Palm Beach , Florida, U.S, Russia, British

Trump has sued the company founded by Christopher Steele, who created a dossier in 2016 that contained rumors and uncorroborated allegations about Trump that erupted in a political storm just before he was inaugurated. Trump is claiming he “suffered personal and reputational damage and distress" because his data protection rights were violated. Tomlinson said it "contained shocking and scandalous claims about the personal conduct of President Trump” and included allegations he paid bribes to Russian officials to further his business interests. Trump's case “is that this personal data is egregiously inaccurate,” he said. Tomlinson said Trump plans to vindicate himself in court by providing evidence that the report's claims were false.

Persons: —, Donald Trump, ”, Trump, Christopher Steele, “, Steele, Tomlinson, Trump ”, Orbis Organizations: Orbis Business Intelligence, London's, Secret Intelligence Service, BuzzFeed Locations: London, British, New York, U.S, Russia, Moscow

Reuters reviewed a confidential draft of the 10-member Association of Southeast Asian Nations' (ASEAN) "guide to AI ethics and governance," whose content has not previously been reported. In contrast to the EU's AI Act, the ASEAN "AI guide" asks companies to take countries' cultural differences into consideration and doesn’t prescribe unacceptable risk categories, according to the current version reviewed. With almost 700 million people and over a thousand ethnic groups and cultures, Southeast Asian countries have widely divergent rules governing censorship, misinformation, public content and hate speech that would likely affect AI regulation. The ASEAN guide advises companies to put in place an AI risk assessment structure and AI governance training, but leaves specifics to companies and local regulators. EU officials and lawmakers told Reuters that the bloc would continue to hold talks with Southeast Asian states to align over broader principles.

Persons: Stephen Braim, Alexandra van Huffelen, Fanny Potkin, Supantha Mukherjee, Panu, Sam Holmes Organizations: Reuters, Association of Southeast Asian Nations, ASEAN Digital, Companies, IBM, Google, ASEAN, Technology, United States, NIST, U.S . Department of Commerce's National Institute of Standards, Meta, Southeast, EU, European Commission, Thomson Locations: SINGAPORE, STOCKHOLM, Thailand, United, Southeast Asia, Japan, South Korea, Brussels, Singapore, Stockholm, Bangkok

☆ Utah accuses TikTok of misleading users about safety, China connection in new lawsuit
▼ + stars: | 2023-10-10 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Utah is the latest state to file suit against TikTok, alleging the social media site misled its citizens about its relationship to its Chinese parent company and deceptively touted its platform as safe. TikTok has already faced similar lawsuits from Arkansas and Indiana, while Montana has chosen to ban the app altogether, a move that TikTok and creators have challenged. "Social media companies must be held responsible for the harms they are causing," Cox said in a statement. The other elements of the suit touch on concerns that many people have about social media platforms in general, not just TikTok. Utah has been particularly active in seeking to protect its citizens from what it sees as the harmful effects of social media.

Persons: Spencer Cox, Joe Biden, George E, TikTok, Cox, Sean Reyes Organizations: Utah Gov, U.S, Wahlen Department of Veterans Affairs Medical, TikTok, . Utah Gov, Social, CNBC, YouTube Locations: Utah, Salt Lake City , Utah, Arkansas, Indiana, Montana, Washington, China, harm's

☆ Rio Tinto Says No Damage to Aboriginal Rock Shelter Structure From Aug. 6 Blast
▼ + stars: | 2023-10-09 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

MELBOURNE (Reuters) - Global miner Rio Tinto has found no damage to the structure of a rock shelter at an Aboriginal heritage site in Western Australia that was impacted by blasting at its Nammuldi iron ore operations, it said after a visit over the weekend. Rio Tinto employees and representatives from the Muntulgura Guruma people visited the site last weekend, where a blast on Aug. 6 led to the fall of a Pilbara scrub tree and one square metre of rock from the overhang of a rock shelter estimated to have been inhabited over 40,000-50,000 years. "Assessments found no structural damage to the rock shelter itself, and no damage to cultural materials," Cecile Thaxter, Rio Tinto Iron Ore Vice President said in a webcast on Monday. Rio's destruction of rock shelters at Juukan Gorge in 2020 prompted a global outcry, the departure of top executives and a parliamentary enquiry that recommended an overhaul of Australia's Aboriginal heritage protection laws. Nevertheless, Western Australia is set to overturn its 2021 Aboriginal cultural heritage protection laws, introduced on July 1 after the destruction of the Juukan Gorge shelters.

Persons: Cecile Thaxter, Wintawari, Rio, Melanie Burton, Sonali Paul Organizations: MELBOURNE, Rio Tinto, Tinto, Rio Tinto Iron Ore, Aboriginal Corporation Locations: Western Australia, Rio

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