Angus Berwick / Wall Street Journal: How Moscow-based crypto exchange Garantex became a major money laundering channel for cybercriminals and terrorist groups like the Palestinian Islamic Jihad  —  Garantex’s international pipeline helps defy Treasury sanctions by channeling rubles to crypto to dollars.  Customers line up with bags of cash. Lees verder op Tech Meme

Financial Times: Gary Gensler says it’s “nearly unavoidable” that AI will cause a financial crisis if many institutions rely on the same underlying base model or data aggregator  —  SEC head warns reliance on a few data models could unleash a financial crisis within a decade Lees verder op Tech Meme

Angus Berwick / Wall Street Journal: How Moscow-based crypto exchange Garantex has become a major money laundering channel for cybercriminals and terror groups like the Palestinian Islamic Jihad  —  Garantex’s international pipeline helps defy Treasury sanctions by channeling rubles to crypto to dollars.  Customers line up with bags of cash. Lees verder op Tech Meme

Kate Conger / New York Times: Australia says it fined X ~$384K and warned Google after they failed to give adequate info on their efforts to fight CSAM despite a law requiring the disclosure  —  The service formerly known as Twitter told Australian regulators that its automated detection of abusive material had declined after Elon Musk bought it. Lees verder op Tech Meme

New York Times: The Microsoft-Activision deal’s closure shows that tech giants can still grow by getting “vertical mergers” through courts and regulators relatively unscathed  —  With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact. Lees verder op Tech Meme

Elizabeth Dwoskin / Washington Post: How social media is inducing an Israel-Hamas fog of war surpassing previous Gaza clashes, shaping how panicked citizens and a global public view the conflict  —  The barrage of false images, memes, videos and posts — mostly generated from within the region itself — is making it difficult to assess what is real. Lees verder op Tech Meme