Former nate CEO who used human workers instead of AI allegedly defrauded investors lured by new tech of millions

[ad_1] A fintech startup that raised $40 million based on the premise of its artificial intelligence capabilities was fueled by human labor, allegedly defrauding investors lured by the new technology of millions, federal prosecutors said this week in a statement. Albert Saniger, 35, the former CEO  and founder of nate in 2018, who is from…

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AI is leading to thousands of job losses, report finds

[ad_1] The U.S. job market, already showing the strain from global trade tensions, is showing early signs of another critical issue facing workers today: artificial intelligence.   For the first seven months of 2025, rising adoption of generative AI technology by private employers accounted for more than 10,000 job cuts, according to a report released…

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