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May 9th - It was learned from the Anhui Provincial Key Laboratory of Quantum Computing Chips that the "Origin Wukong-180" quantum computer, equipped with a self-developed superconducting quantum chip with 180 computing bits per single core, has been put into operation and will begin receiving quantum computing tasks from around the world starting today.Artificial Intelligence: 1. Googles Isomorphic Labs will raise over $2 billion in new funding. 2. The US plans to issue an executive order on AI safety, but it will not include mandatory model testing. 3. DeepSeek is reportedly seeking 50 billion yuan in funding and will release its V4.1 update next month. 4. The Cyberspace Administration of China and two other departments jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents". 5. The National Energy Administration and three other departments issued the "Action Plan on Promoting the Two-Way Empowerment of Artificial Intelligence and Energy". 6. SenseTime released its new SenseNova 6.7 Flash-Lite multimodal model, with a limited-time free Token Plan. 7. Sony and TSMC plan to establish a strategic partnership to set up a joint venture for image sensors in Japan and explore physical AI. Integrated Circuits (Chips): 1. Apple and Intel reached a preliminary agreement on chip manufacturing. 2. TSMC: April revenue was NT$410.73 billion, compared to NT$415.19 billion last month. 3. Malaysia plans to establish an advanced packaging alliance within two years, investing over RM185 million. New Energy Vehicles: 1. Two departments held discussions with relevant departments of Inner Mongolia Autonomous Region and Hohhot City regarding the testing and demonstration of functional unmanned vehicles. Other: 1. Anthropic will raise billions to target computing power, with a valuation potentially approaching one trillion, surpassing OpenAI. 2. The Tianzhou-10 spacecraft-rocket combination has been transported to the launch area and will be launched soon. 3. H3C released its full series of supernodes, UniPoD S80000, designed for trillion-level large-scale models. 4. Nvidia CEO Jensen Huang: Next-generation AI infrastructure will require a large number of optical connections, and copper wires can no longer meet the demand.On May 9th, Tesla announced a recall of 173 Cybertruck vehicles due to a structural defect in the braking components that could pose a serious safety risk. According to a notification from the National Highway Traffic Safety Administration (NHTSA), the recall covers 2024-2026 Cybertruck models equipped with 18-inch steel wheels. The defect involves brake disc stud holes that are susceptible to mechanical stress and cracking when the vehicle is driven on bumpy roads or during steering maneuvers. With continued vehicle operation, this potential hazard could cause the wheel bolts to eventually break or detach, resulting in a loss of vehicle stability and significantly increasing the risk of collision and injury.On May 9th, Zheng Shanjie, Director of the National Development and Reform Commission, visited the Shanghai Artificial Intelligence Laboratory to conduct a special investigation on the development of artificial intelligence. Zheng stated that the technology and industry of artificial intelligence are currently advancing rapidly, and work must be carried out with a stronger sense of responsibility and mission. First, it is necessary to strengthen overall planning and top-level design, leverage the advantages of national strategic scientific and technological forces such as national laboratories, strengthen basic research in artificial intelligence, enhance original innovation capabilities, promote breakthroughs in key core technologies across the entire chain, and proactively plan for cutting-edge exploration. Second, it is necessary to implement the "AI+" action plan according to local conditions, increase the openness of scientific and intelligent scenarios, collaboratively build national pilot-scale bases for AI applications in the scientific field, and accelerate the application of AI in scientific discovery. Third, it is necessary to coordinate development and security, strengthen the construction of AI security capabilities, explore governance models and mechanism innovations, and ensure the healthy and orderly development of artificial intelligence.Conflict Status: 1. Ukraine attacks major Russian oil refineries and transportation facilities. 2. The Russian Ministry of Defense claims to have shot down over 200 Ukrainian drones. 3. Kremlin: Ukraine continues to attack civilian infrastructure. 4. Russian Ministry of Transport: 13 airports in southern Russia have suspended operations due to drone attacks. 5. Zelensky: Kyiv forces have launched an attack on Russian oil facilities in Yaroslavl, approximately 700 kilometers away, which are crucial for funding Russia. Peace Negotiations: 1. Zelensky: Ukraine and the United States are coordinating the schedule for a US special envoys visit to Ukraine in the spring/summer. 2. Trump announced a three-day ceasefire between Russia and Ukraine starting on the 9th, along with the exchange of 1,000 prisoners of war. 3. Russia agrees to Trumps proposed ceasefire and prisoner exchange plan. 4. Zelensky: Ukraine will not attack the Red Square parade. 5. Trump: The ceasefire between Russia and Ukraine may last more than three days. Other Situations: 1. A large fire breaks out in the Chernobyl nuclear exclusion zone. 2. Russian Ministry of Defense: Ukraine violates the ceasefire agreement. 1. Russian troops retaliated against Ukrainian attacks. 2. Zelensky: Russian troops attacked Ukrainian positions Friday night, showing no intention of a ceasefire. 3. Russian Presidential Press Secretary: Russia will not initiate dialogue with the EU. 4. Rubio: If there is no further progress in Russia-Ukraine negotiations, the US is unwilling to "waste time." 5. The Ukrainian Foreign Minister stated that Ukraine is considering sending a team of experts to assist the Baltic states in their air defense efforts.

Ex-CFO pleads guilty to stealing from SPACs to trade meme stocks, cryptocurrencies

Skylar Shaw

Jan 04, 2023 14:13

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An ex-chief financial officer (CFO) of several special purpose acquisition companies (SPACs) pled guilty to stealing more than $5 million from them and losing almost all of it in joke stocks and cryptocurrencies.


Tuesday in federal court in Manhattan, Cooper Morgenthau, 35, of Fernandina Beach, Florida, entered a plea of guilty to one count of wire fraud. The judge was U.S. District Judge Paul Engelmayer.


When Morgenthau is sentenced on April 25, the suggested federal guidelines call for a jail term of between six and seven and a half years.


The U.S. Securities and Exchange Commission also resolved related civil allegations against him in exchange for his agreement to lose $5.11 million and pay an equivalent amount in restitution.


A representative for Morgenthau, Michael Bowen, refused to comment.


According to the authorities, Morgenthau stole more than $1.2 million from African Gold Acquisition Corp between June 2021 and August 2022, covered it up by fabricating account statements, and either spent it all in securities trading or lost it all.


The SEC said that Morgenthau then solicited $4.7 million from investors in SPACs known as Strategic Metals Acquisition Corp to make up for his losses, only to lose the majority of it in cryptocurrency trading.


African Gold, a New York-based company formed to purchase a gold mining company, raised $414 million in an IPO in February 2021.


According to the SEC, it dismissed Morgenthau in August of last year when he ran out of money and its suppliers refused to do business with him.


At the time, African Gold said that it fired Morgenthau after becoming aware of his "improper withdrawals" and efforts to hide them.


According to a statement from Manhattan U.S. Attorney Damian Williams, Morgenthau "confessed that he betrayed the trust that he owed to his public and private investors."