BusinessPersonal Finance

London Capital & Finance Administrators Sue Payments Provider Over £32M Fraud Claims

Administrators handling the London Capital & Finance collapse have launched a £32 million lawsuit against payments provider GC Partners. The legal action alleges the company processed transactions despite having reasonable grounds to suspect fraud in one of Britain’s largest financial scandals.

LCF Administrators Pursue £32 Million Legal Action

Administrators for failed investment firm London Capital & Finance have filed a substantial lawsuit against payments and custody provider GC Partners, seeking approximately £32 million in damages and interest. According to court documents, the administrators claim GC Partners failed to conduct adequate due diligence while processing transactions for LCF before its collapse.

Arts and EntertainmentAssistive TechnologyPolicy

OpenAI Wins Relief From ChatGPT Log Preservation Order in Copyright Lawsuit

OpenAI will no longer be forced to preserve all deleted ChatGPT conversations indefinitely after a court terminated the preservation order. The requirement stemmed from The New York Times’ copyright lawsuit against the AI company.

In a significant development for both user privacy and artificial intelligence regulation, OpenAI has been granted relief from a court order requiring indefinite preservation of all ChatGPT user conversations, including deleted chats. The ruling comes amid ongoing legal battles between the AI giant and major publishers over copyright infringement allegations.

Background of the Copyright Lawsuit

CybersecurityPolicy

** 4chan Fined $26K Under UK Online Safety Act for Refusing Risk Assessment

** UK regulator Ofcom has fined imageboard 4chan $26,000 for refusing to comply with the Online Safety Act’s risk assessment requirements. The platform faces potential UK blocking and millions in additional fines if it continues to defy the regulator’s information requests. **CONTENT:**

The controversial imageboard 4chan has been fined approximately $26,000 by UK communications regulator Ofcom for refusing to conduct a risk assessment required under the United Kingdom’s Online Safety Act, marking a significant escalation in the battle between international tech platforms and UK regulatory authority.

Arts and EntertainmentSoftware Guides

Apple Faces Lawsuit Over AI Training With Copyrighted Books

Two neuroscientists have sued Apple in California federal court, alleging the company trained its Apple Intelligence AI using thousands of copyrighted books from illegal shadow libraries. The case joins multiple lawsuits against tech companies over unauthorized AI training practices.

Apple Inc. faces serious allegations of training its artificial intelligence systems using copyrighted books without authorization, according to a new lawsuit filed in California federal court. Two prominent neuroscientists have accused the technology giant of utilizing illegal “shadow libraries” containing pirated literary works to develop its Apple Intelligence model, marking the latest in a series of legal challenges confronting major tech companies over their AI training methods.

Neuroscientists Lead Class Action Against Apple