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US Agencies Accuse China-Based AI Firms Of 'Malicious' Copying Of American Models
US Agencies Accuse China-Based AI Firms Of 'Malicious' Copying Of American Models
Federal cybersecurity and intelligence agencies on Tuesday accused six China-based artificial intelligence companies of running industrial-scale campaigns to extract proprietary features from leading U.S. models.
DeepSeek, Moonshot AI, Alibaba, MiniMax, StepFun, and Z.AI were all named in the joint advisory.
Officials alleged the companies, "likely with Chinese government awareness," pulled billions of tokens across millions of requests from U.S. AI systems. The list included variants of Claude, GPT, Gemini, and Grok. The activity dates back to at least late 2024.
Cybersecurity...
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Sep 16, 2026 / Tyler Durden
WTF Chart Of The Day: Retail Sales Record High, Consumer Sentiment Record Low
WTF Chart Of The Day: Retail Sales Record High, Consumer Sentiment Record Low
Following last month's ugly decline ("see the consumer is getting crushed because of Trump"), August's retail sales is expected to rebound strongly ("see, Trump's war is causing Americans to spend more on gas and less on Louboutin shoes"). BofA's omniscient analysts agree with consensus, seeing a 0.8% MoM jump...
Quick reality check - July retail sales weakness was driven by a plunge in non-discretionary spending by higher income households...
So, what did August bring?
Headline US retail sales rose a...
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May 27, 2026 / Tyler Durden
Food Stamp Fraud Pipeline Exposed: U.S. Taxpayer-Funded Groceries Shipped Overseas And Sold For Profit
Food Stamp Fraud Pipeline Exposed: U.S. Taxpayer-Funded Groceries Shipped Overseas And Sold For Profit
Submitted by Anthony Rubin of Muckraker.Org,
Food stamps and food pantries are intended to keep struggling Americans fed.
What we found is that, in some communities, that food never reaches an American table. Instead, it gets shipped overseas and sold for profit.
The scheme works like this. Residents in cities like Lawrence, Massachusetts collect food through two channels: purchasing it at local markets using EBT cards, and picking it up for free from food banks and churches. That food...
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Apr 15, 2026 / Tyler Durden
Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss
Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss
Following stellar equity trading results from Goldman and JPMorgan, this morning Bank of America reported that its traders also pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed the firm’s stock-trading desk to an all-time record. Bank of America said Q1 profit rose 17% from a year earlier, while net income came in at $8.58 billion. That amounted to $1.11 a share, above...
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