Tech founder charged with fraud for ‘AI’ that was secretly overseas contract workers

The US Department of Justice has indicted Albert Sangier for defrauding investors with misleading statements about his Nate financial technology platform. Founded by Sangier in 2018, Nate claimed it could offer shoppers a universal checkout app thanks to artificial intelligence. However, the indictment states that the so-called AI-powered transactions in Nate were actually completed by…

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Pentagon awards Lockheed $11.8 billion undefinitized F-35 production contract – Breaking Defense

Airmen assigned to the thirty fourth Fighter Squadron and Fighter Technology Squadron carry out pre-flight checks on F-35A Lightning IIs throughout an agile fight employment train at Mountain House Air Power Base, Idaho, March 28, 2024. (U.S. Air Power photograph by Airman Keagan Lee) WASHINGTON — The Pentagon has awarded Lockheed Martin a roughly $11.8…

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Northrop gets $3.5 billion contract to integrate mission systems for E-6B successor

The US Navy has introduced that it has awarded Northrop Grumman a US$3.5 billion contract to conduct the mission-systems integration for the E-130J, the successor to the E-6B Mercury, for the Take Cost and Transfer Out (TACAMO) strategic communications relay mission. Northrop Grumman will function the first contractor to combine the mission programs into the…

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