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Yahoo
19 minutes ago
- Yahoo
Why Google should 'walk away' from Waymo
Needham & Company senior media and internet analyst Laura Martin joins Market Domination with Josh Lipton to explain why Alphabet (GOOG, GOOGL) should ditch Waymo and focus on generative artificial intelligence (AI) instead. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Related videos The £70bn pension tax raid Reeves may not be able to resist 10 shares I wouldn't want to hold in a stock market crash After falling 16% in a day, this stock's on my list of shares to buy in August This FTSE 250 trust is easily beating the global index in 2025. Time to buy? Sign in to access your portfolio


New York Post
20 minutes ago
- New York Post
AI-fueled crypto scams are booming, up 456% — and no one is safe, expert warns
Crypto crooks are getting bolder — and now, they sound just like your mom. Global crypto scams soared 456% between May 2024 and April 2025 — becoming increasingly reliant on AI-generated voices, deepfake videos and phony credentials to fleece unsuspecting victims, blockchain intelligence firm TRM Labs' Ari Redbord told The Post after testifying before Congress last Tuesday. 'These scams are highly effective, as the technology feels incredibly real and familiar to the victim,' Redbord said. Advertisement 4 TRM Labs' Ari Redbord, who testified before Congress last week, says scammers are now using AI-generated voices and deepfake credentials to mimic loved ones and steal crypto. Igor Faun – 'We've seen cases where scammers use AI to replicate the voice of a loved one, tricking the victim into transferring money under the guise of an urgent request.' And the threat is exploding — especially in high-density cities like New York, Miami and Los Angeles, he added. In June, New York officials froze $300,000 in stolen cryptocurrency and seized more than 100 scam websites linked to a Vietnam-based ring that targeted Russian-speaking Brooklynites with fake Facebook investment ads. Advertisement Meta shut down over 700 Facebook accounts tied to the scam. Investigators say the group used deepfake BitLicense certificates and moved victims onto encrypted apps like Telegram before draining their wallets. 4 Even crypto pros aren't safe — MoonPay's CEO and CFO were conned into wiring $250,000 to a scammer pretending to be a Trump inauguration insider. Igor Faun – Advertisement Some New Yorkers lost hundreds of thousands of dollars — and it's not just everyday joes getting targeted. Even crypto insiders are falling for it. Florida-based crypto firm MoonPay saw its CEO Ivan Soto-Wright and CFO Mouna Ammari Siala duped into wiring $250,000 in crypto to a scammer posing as Trump inauguration co-chair Steve Witkoff, according to a recent Department of Justice complaint. And that's just the tip of the iceberg. Globally, fraudsters swiped more than $10.7 billion in 2024 through crypto cons — including romance scams, fake trading platforms and 'pig-butchering,' where scammers build fake relationships before draining victims' accounts, Redbord said. Advertisement In the US, Americans filed nearly 150,000 crypto-related fraud complaints in 2024, with losses topping $3.9 billion, according to the FBI. But the real number is likely much higher. 4 A Vietnam-based ring targeted Brooklyn's Russian-speaking community with fake BitLicenses and phony Facebook accounts before vanishing with hundreds of thousands. Igor Faun – 'Only around 15% of victims actually report these crimes,' Redbord said, citing shame, fear and distrust in law enforcement — particularly among older adults and immigrant communities. One of these scammers go-to tools? Crypto ATMs — especially those tucked inside New York delis and convenience stores. Illicit use at these kiosks is more than twice as high as in the broader crypto market, Redbord said. Victims are often directed to scan a QR code and deposit cash, instantly converting it to crypto before the funds disappear. As the scams rage on, Washington is starting to bring order to the Wild West of crypto. 4 Officials say the real number of crypto scam victims is far higher than reported, as shame and fear keep many from coming forward. Igor Faun – House lawmakers wrapped up 'Crypto Week' last Thursday by passing the first-ever comprehensive cryptocurrency legislation — a trio of bills focused on regulating stablecoins, trading platforms and digital asset infrastructure. Advertisement Even so, Redbord advised, common sense is the best defense. 'If something feels too good to be true — especially unsolicited investment advice — it almost always is,' he said. 'Verify the platform. Confirm identities. And when in doubt, report it — whether to IC3, Chainabuse or your local authorities.'
Yahoo
44 minutes ago
- Yahoo
Nissan supplier exploring wind turbine plan
A key supplier to car maker Nissan is exploring plans for a new wind turbine to help reduce carbon emissions. Unipres (UK) Ltd, an automotive manufacturing company, wants to install a 492ft (150m) tip wind turbine at its Sunderland plant on Cherry Blossom Way, in Washington. The firm, which supplies press-formed vehicle parts to the Nissan plant in Washington, said the wind turbine could generate up to 5MW. An application to Sunderland City Council planning officials has requested a "scoping opinion" on the plans to look at environmental impacts. Site plans show the wind turbine proposed for a parcel of land near the Unipres boundary with the Nissan plant site, which already has wind turbines. It was noted the "energy generated would be distributed directly to the warehouse and would function to meet the energy needs of the facility". Applicants said the proposed development would "aim to reduce the carbon emissions from the facility" and would be "largely self-sustainable", with any "excess energy" potentially being exported back to the national grid. 'Employment benefits' Following the period of operation, estimated at 25 years, the applicant is also expected to "decommission" the wind turbine "in line with best practice industry guidance". The supporting environmental impact scoping report adds: "The proposed development would have economic and employment benefits in the form of contracting opportunities for local and regional contractors both for construction activities themselves and throughout the supply chain." A decision on the screening opinion request will be made by the council following a consultation exercise, with a decision expected in coming months. Follow BBC Sunderland on X, Facebook, Nextdoor and Instagram. More on this topic Nissan Sunderland looking to cut 250 jobs Nissan supplier factory pledges more than 180 jobs Related internet links Sunderland City Council Error in retrieving data Sign in to access your portfolio Error in retrieving data