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On September 19th, Politico reported that AI giants Anthropic, OpenAI, SpaceX AI, and Google face conspiracy charges in a civil lawsuit filed Friday in federal court for recent calls to coordinate a slowdown in AI development. The complaint alleges that Anthropic CEO Dario Amodei publicly called earlier this month for “industry-wide coordination” to “set the pace for the frontier,” a call endorsed by SpaceX AI head Elon Musk, OpenAI CEO Sam Altman, and Google DeepMind co-founder Demis Hassabis. This, the complaint claims, constitutes an illegal business agreement between competitors under U.S. antitrust law. Nick Raleigh, one of the lawyers representing the four plaintiffs in the Northern District of California, stated that the case aims to ensure that private, self-serving agreements between the world’s most powerful for-profit tech companies do not lead to AI “rapidly spiraling out of human control.” He argued that humanity deserves unwavering protection when faced with threats of extinction, such as nuclear war, and the greatest risks in human history. The rule of law should be established transparently and legally by the U.S. government, and be accountable to the public.On September 19th, according to Jubo Information, the domestic petroleum coke market performed well this week, with overall prices trending upwards. For major oil companies, manufacturers had no inventory pressure and were mainly fulfilling existing orders; supply was tight in some areas, leading to price increases for some coke. For independent refineries, market transactions fluctuated, with coke prices rising initially and then falling, and overall production and sales slightly weakening throughout the week. Increased maintenance shutdowns at coke plants this week led to a decline in the overall operating rate, and the petroleum coke market is expected to fluctuate within a range in the short term. Regarding LNG, of the 133 domestic LNG plants, 70 were under maintenance/shutdown/suspended quoting/domestic sales, resulting in an overall operating rate of 47%. Influenced by factors such as raw material gas auctions and supply-side production contraction, domestic LNG market prices fluctuated upwards this week. Multiple positive factors supported the market, leading to strong bullish sentiment and price increases from manufacturers in many regions; however, downstream demand remained weak, with companies showing increasing reluctance to purchase due to high prices, resulting in limited procurement and sluggish sales for some manufacturers, leading to price declines in some areas. The domestic LNG market is expected to consolidate in the near term.According to Politico: Anthropic, OpenAI, SpaceX AI, and Google are being sued for calling for a “slowdown” in AI development.The U.S. State Department has decided to approve the sale of $2.68 billion worth of foreign military equipment to Ukraine to support its air defense development and upgrades.On September 19th, the Shaanxi Provincial Bureau of Statistics released its report on the provinces economic performance in the first eight months of the year: industrial production steadily rebounded, consumer demand continued to be released, and the economy showed a steady and positive development trend. According to relevant personnel from the Provincial Bureau of Statistics, in the first eight months, the added value of industries above designated size increased by 4.6% year-on-year, an acceleration of 0.5 percentage points compared to the first seven months. Industrial production steadily rebounded, and product output grew steadily. Looking at the three major sectors, the added value of mining increased by 7.7% year-on-year, manufacturing by 1.5%, and the added value of electricity, heat, gas and water production and supply by 2.5%. Key industries performed well, with the added value of coal mining and washing increasing by 9.0% year-on-year and the added value of oil and gas extraction increasing by 9.7%. Product output grew steadily, with raw coal output increasing by 3.8% year-on-year and natural gas output increasing by 7.3%.

U.S. lays claim to $1 billion in stolen Silk Road Bitcoin

Skylar Shaw

Nov 08, 2022 16:31

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Federal prosecutors in Manhattan said on Monday that the US is requesting the seizure of more than $1 billion in Bitcoin that was seized from the Silk Road internet bazaar.


Internal Revenue Service (IRS) officials found the 50,000 Bitcoin during a search of the defendant James Zhong's Gainesville, Georgia, residence in November 2021, making it the second-largest seizure in US Department of Justice history.


For fooling Silk Road's processing system into disbursing the payments to his accounts in 2012, Zhong, 32, pleaded guilty to wire fraud on Friday.


The Bitcoin was worth more than $3 billion when it was confiscated. Since then, it has lost around two thirds of its worth.


According to an affidavit signed by IRS special agent Trevor McAleenan, some of the stolen Bitcoin was discovered on a computer inside a popcorn container kept in a bathroom closet.


According to U.S. Attorney Damian Williams in Manhattan, "for almost ten years, the whereabouts of this large chunk of missing Bitcoin had inflated into an over $3.3 billion mystery." "We won't give up looking for the money... even to a circuit board in a popcorn tin's base.


In 2013, the U.S. government shut down Silk Road, citing it as a sizable marketplace for illegal drugs and money laundering.


Ross Ulbricht, the man of Silk Road, was found guilty on seven charges of facilitating the sale of illegal drugs using bitcoin in 2015. He was given a life sentence and lost his 2017 appeal.


At his sentencing on February 22, 2023 before U.S. District Judge Paul Gardephe, Zhong might receive a sentence of 27 to 33 months in prison, although the prosecution may ask for a longer term.


In addition, the defendant consented to give up $661,900 in addition to other assets and his share of a real estate business.


According to Michael Bachner, his attorney, Zhong has "nearly" returned every bitcoin.


In a statement, Bachner stated that Zhong was "very sorry" for his actions, which took place more than 10 years ago when he was only 22.