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AI Fraud Case

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Three Charged in Billion-Dollar Scheme to Smuggle Nvidia AI Chips to China
TechnologyReutersBBCFox News+8index-hrhinduhotnewsTimes of Indiaseeking-alphaDaily MaverickRapplerVnExpress4h ago11 sources

Three Charged in Billion-Dollar Scheme to Smuggle Nvidia AI Chips to China

The U.S. has charged three individuals, reportedly tied to Super Micro Computer, for their alleged involvement in a scheme to smuggle billions of dollars worth of Nvidia AI chips from the U.S. to China, using fake papers and dummy gear for shipments through Taiwan to Southeast Asia. The indictment claims a complex scheme involving rerouting at least $2.5 billion of American AI technology.

Jeff Bezos in Talks to Raise $100 Billion for AI Manufacturing Fund
Technologywsjder-standardindian-express12h ago3 sources

Jeff Bezos in Talks to Raise $100 Billion for AI Manufacturing Fund

Amazon founder Jeff Bezos is reportedly in early discussions to raise as much as $100 billion for a new investment vehicle, Project Prometheus, aimed at acquiring and revitalizing manufacturing companies using artificial intelligence, operating alongside his AI start-up.