A San Francisco couple has been arrested after being indicted on 25 federal counts of fraud and other crimes relating to their artificial intelligence company, the U.S. Department of Justice said. The indictment against Alexander and Valerie Beckman alleges the pair committed wire and securities fraud,
The former CEO of chatbot company On, which raised $125 million from VCs and sports stars like Joe Montana is now being charged with wire fraud, along with his wife.
Alexander Beckman, 41, and his wife Valerie Lau Beckman, 38, of San Francisco, were arrested today in federal court on charges of bank and wire fraud in connection with AI services for the nation's major sports leagues and biggest team franchises.
An AI startup founder and his wife bilked investors out of $60 million using funds for personal expenses including two homes in Presidio Heights, one of San Francisco’s premier neighborhoods ...
How big is the AI boom? AI companies are leasing millions of square feet, enough to fill a modern San Francisco skyscraper several times over.
The founder of an artificial intelligence company based in San Francisco was arrested Thursday morning on charges connected to “years-long fraud schemes,” the U.S.
Here's what you need to know this week about artificial intelligence in the Bay Area: a San Francisco commercial real estate rally, two news licensing deals, OpenAI's new board member, funding rounds and more must-reads.
This week's announcement by President Donald Trump of a massive private-sector investment to build more AI data centers casts a spotlight on a relatively small and nimble class of cloud computing firms positioned to play a bigger role in the tech sector.
Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.
Christmas, a small Chinese startup called DeepSeek unveiled a new artificial intelligence system that could match the capabilities of cutting-edge chatbots from companies such as OpenAI and Google.
Samsung Electronics on Wednesday unveiled its newest Galaxy S25 smartphones, powered by Qualcomm's chips and Google's artificial-intelligence model, hoping its upgraded AI features can reinvigorate sales and fend off Apple and Chinese rivals.
Thursday's charges came 10 months after Ismail Ramsey, the U.S. attorney in San Francisco, said in an interview that his office was targeting AI start-ups before they went public. Founded in 2014 ...