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Director Charged With Netflix Fraud After Splurging on Crypto Instead of Finishing Sci-fi Series: Hollywood filmmaker Carl Erik Rinsch has been charged with defrauding Netflix of $11 million after allegedly misusing funds intended for an unfinished science fiction series, federal prosecutors said. Rinsch, 47, was arrested in West Hollywood this week on charges of wire fraud, money laundering and unlawful monetary transactions that could result in decades of imprisonment if convicted. The FBI and Acting U.S. Attorney for the Southern District of New York allege Rinsch diverted funds meant for his series "Conquest" to speculate on cryptocurrency, stay in luxury hotels and purchase high-end items including five Rolls-Royces and a Ferrari. Netflix had paid Rinsch $44 million between 2018 and 2019 for the science fiction project about an artificial humanlike species. Prosecutors say he then requested an additional $11 million but never completed the production. An arbitrator ruled in Netflix's favor last year, ordering Rinsch to pay the company $11.8 million. Rinsch appeared in federal court with shackles and posted a $100,000 bond. Read more of this story at Slashdot.

Apple Sued For False Advertising Over Apple Intelligence: Apple has been hit with a federal lawsuit claiming that the company's promotion of now-delayed Apple Intelligence features constituted false advertising and unfair competition. From a report: The suit, filed Wednesday in U.S. District Court in San Jose, seeks class action status and unspecified financial damages on behalf of those who purchased Apple Intelligence-capable iPhones and other devices. "Apple's advertisements saturated the internet, television, and other airwaves to cultivate a clear and reasonable consumer expectation that these transformative features would be available upon the iPhone's release," the suit reads. "This drove unprecedented excitement in the market, even for Apple, as the company knew it would, and as part of Apple's ongoing effort to convince consumers to upgrade at a premium price and to distinguish itself from competitors deemed to be winning the AI-arms race. [...] Contrary to Defendant's claims of advanced AI capabilities, the Products offered a significantly limited or entirely absent version of Apple Intelligence, misleading consumers about its actual utility and performance. Worse yet, Defendant promoted its Products based on these overstated AI capabilities, leading consumers to believe they were purchasing a device with features that did not exist or were materially misrepresented." Read more of this story at Slashdot.

Meta Spotted Testing AI-Generated Comments on Instagram: Meta is testing an AI feature that generates comment suggestions for Instagram posts. Users with access to the test see a pencil icon beside the comment field that activates "Write with Meta AI." The system analyzes photos before offering three comment suggestions, which users can refresh for alternatives. For a photo showing someone smiling with a thumbs-up in their living room, suggested comments include "Cute living room setup" and "Love the cozy atmosphere." Read more of this story at Slashdot.

OpenAI Study Finds Links Between ChatGPT Use and Loneliness: Higher use of chatbots like ChatGPT may correspond with increased loneliness and less time spent socializing with other people, according to new research from OpenAI in partnership with the Massachusetts Institute of Technology. From a report: Those who spent more time typing or speaking with ChatGPT each day tended to report higher levels of emotional dependence on, and problematic use of, the chatbot, as well as heightened levels of loneliness, according to research released Friday. The findings were part of a pair of studies conducted by researchers at the two organizations and have not been peer reviewed. San Francisco-based OpenAI sees the new studies as a way to get a better sense of how people interact with, and are affected by, its popular chatbot. "Some of our goals here have really been to empower people to understand what their usage can mean and do this work to inform responsible design," said Sandhini Agarwal, who heads OpenAI's trustworthy AI team and co-authored the research. To conduct the studies, the researchers followed nearly 1,000 people for a month. Read more of this story at Slashdot.

US Removes Tornado Cash Sanctions: The U.S. Treasury Department's sanctions watchdog removed cryptocurrency mixing tool Tornado Cash from its global blacklist on Friday, following a federal appeals court ruling last November that the Office of Foreign Asset Control couldn't sanction its smart contracts. Despite the delisting of over 100 Ethereum addresses from the Specially Designated Nationals list, Treasury Secretary Scott Bessent emphasized continuing concerns about North Korea's digital asset theft operations. "We remain deeply concerned about the significant state-sponsored hacking and money laundering campaign aimed at stealing, acquiring, and deploying digital assets for the Democratic People's Republic of Korea," Treasury stated. Roman Storm, Tornado Cash co-founder, still faces a July criminal trial for his alleged development role. A Treasury court filing Monday had warned that completely lifting sanctions could have "significantly disruptive consequences for national security." Read more of this story at Slashdot.

Microsoft Tells Windows 10 Users To Buy New PCs: Microsoft has begun urging Windows 10 users to upgrade their systems ahead of the October 14, 2025 support deadline, but with a solution many find impractical: just buy a new computer. According to StatCounter data, 58.7% of Windows users remain on Windows 10 despite the impending end of security updates and technical assistance. In emails to Windows 10 users, Microsoft's primary recommendation is to trade in old devices for newer Windows 11-compatible hardware, rather than focusing on alternative solutions. Read more of this story at Slashdot.

Yahoo Sells TechCrunch: Yahoo on Friday said it has struck a deal to sell TechCrunch, the 20-year-old tech journalism site, to Regent, a media investment firm. Axios: Yahoo's business centers mostly on aggregation. Journalism isn't its core focus. Regent is trying to pull together a portfolio of tech news sites and is eager to invest in news. Earlier this week, it acquired Foundry, which houses a slew of online tech publications, such as PCWorld, Macworld and TechAdvisor. In a statement, Regent said it is "thrilled to expand its reach as it provides breaking technology news, opinions, and analysis on tech companies worldwide to our audience." Financial deal terms were not disclosed. The deal will not require regulatory review, which is normally needed for deals valued at roughly more than $100 million. Read more of this story at Slashdot.

Google Sues Scammers Over Fake Maps Listings: Google has filed a lawsuit against alleged scammers who created and sold fake business profiles on Google Maps, the company said. The legal action follows an investigation that uncovered and eliminated more than 10,000 illegitimate listings. The investigation began after a Texas business reported an unlicensed locksmith impersonating them on the platform. Google discovered the scams primarily targeted "duress verticals" -- services needed in urgent situations like locksmiths and towing companies. "Once we're alerted to the actual fraud, we take extreme efforts to identify similar fraudulent listings," said Halimah DeLaine Prado, Google's general counsel. The scammers used tactics including bait-and-switch schemes and intercepting calls to legitimate businesses through "lead generation services." They also sold fraudulent positive reviews to suppress negative feedback. Read more of this story at Slashdot.

'Hey Siri, What Month Is It?': DaringFireball: Whole Reddit thread examining this simple question: "What month is it?" and Siri's "I'm sorry, I don't understand" response (which I just reproduced on my iPhone 16 Pro running iOS 18.4b4). One guy changed the question to "What month is it currently?" and got the answer "It is 2025." More comments from that thread:"I ask Siri to play a podcast and she literally says, "I'm trying to play from Apple Podcasts but it doesn't look like you have it installed." I didn't even know you could delete that app. I certainly haven't. So I have to manually do it every time now. It used to work." "I asked Siri last night to set a reminder for 3:50, so naturally she set it for 10:00." Further reading: Apple Shakes Up AI Executive Ranks in Bid to Turn Around Siri; 'Something Is Rotten in the State of Cupertino'. Read more of this story at Slashdot.

European Central Bank Chief Economist Warns of US Financial Dominance: European Central Bank Chief Economist Philip Lane warned that Europe must develop a digital euro to counter growing American influence over the continent's financial system [alternative source] amid escalating geopolitical tensions. Lane specifically cited Europe's "current dependence on US payment-card providers Visa and Mastercard, as well as technology companies including PayPal, Apple and Google" as a vulnerability requiring urgent action. His comments come as President Donald Trump's administration promotes dollar-backed stablecoins worldwide as part of a broader cryptocurrency strategy, alarming European officials. ECB Governing Council member Francois Villeroy de Galhau recently cautioned that "the US risks bringing about the next financial emergency through its support of cryptocurrencies." "The digital euro is not just about adapting to the digital age. It is about ensuring Europe controls its monetary and financial destiny," Lane told a conference in Ireland, noting that a digital currency would "limit the likelihood of foreign-currency stablecoins gaining a foothold" in Europe. Read more of this story at Slashdot.