Men allegedly impersonated voices and images of executives to convince employees to send large payments

Three foreign nationals were arrested and charged with using AI to allegedly impersonate corporate CEOs and attorneys to steal over $100m, according to an indictment that was newly unsealed by the US Department of Justice.

According to a press release from the United States attorney’s office for the southern district of New York, three men – Jacob Soall, Sharon Hazan, and Guy Sheetrit – were arrested for using AI to alter and impersonate the voices and images of executives and attorneys at various companies in order to convince employees to send over large payments. Soall and Hazan were arrested in Spain over the summer, while Sheetrit was arrested in the United Kingdom in September. The alleged fraud took place between 2024 and 2026.

Tech industry fears delays to its multi-trillion dollar infrastructure buildout meant to power artificial intelligence

Several newly elected Democrats and Senator Bernie Sanders have renewed calls for datacenter moratoriums in the days after the US midterm elections. The sweeping Democratic victory, which was buoyed in part by backlash to the tech industry, has added momentum to efforts to slow down the multi-trillion-dollar buildout of the controversial facilities.

On the social media platform X, Sanders posted a call for an immediate national datacenter moratorium this week. “Americans don’t want Big Tech oligarchs wrecking the environment, gutting jobs and threatening humanity’s future,” Sanders said on Wednesday.

Global tech stocks have plunged after the Democrats’ victory in the US midterm elections, with fears of a slowdown in AI development. Major tech corporations including Apple, Tesla and Nvidia shed about $1tn in a single trading session. Is this stock market jitters, or a sign the AI bubble might be about to burst? Lucy Hough speaks to senior economics correspondent Richard Partington

After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown?

Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections.

This is not the first time stock markets have wobbled in recent months due to concerns over a tech bubble. But could this volatility be the start of a huge market meltdown?

Asian and European markets follow US tech rout with many analysts predicting more waves of selling to come

European and Asian stock markets fell sharply on Friday after the Democrats’ decisive victory in the midterms triggered a rout in US tech stocks a day earlier.

A sell-off on Wall Street on Thursday was followed by sharp falls in Asian stock markets on Friday. The investor sentiment then reached London, where the market was, at one stage, poised for its worst day since March.