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    China accuses Evergrande of $78 billion fraud, amongst worst ever

    March 19, 2024 - By how finance works

    China Evergrande Group’s alleged $78 billion income overstatement escalates the authorized peril of founder Hui Ka Yan, who now stands on the middle of one of many largest monetary fraud circumstances in historical past.The nation’s prime securities regulator stated the developer’s onshore unit inflated income by recognizing gross sales prematurely…

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    Elon Musk sues ChatGPT-maker OpenAI, accuses it of changing into a profit-driven enterprise for Microsoft |

    March 1, 2024 - By how finance works

    OpenAI, the corporate that developed the ChatGPT chatbot, is already going through warmth from a number of publishers for allegedly utilizing their information to coach its massive language fashions (LLMs). Now, X Platforms CEO Elon Musk has reportedly filed a lawsuit in opposition to the corporate for deviating from its…

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