A musician from North Carolina, Michael Smith, has been charged with using artificial intelligence (AI) and thousands of bots to manipulate music streaming platforms and fraudulently earn millions in royalties. This case marks the first of its kind, as prosecutors allege that Smith generated AI-created songs, artificially used bots to inflate streaming numbers, and collected…
Authorities in the US have charged Abraham Shafi, the founder of the now-defunct social media platform IRL, with fraud amounting to $170 million. The Securities and Exchange Commission (SEC) alleges that Shafi misled investors about the company's growth by making false claims. Background on IRL IRL, which aimed to encourage real-life meetups among its users,…