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  • Associated Press

    Norwegian safety body criticizes cruise ship that nearly ran aground in 2019 storm

    A cruise ship at the center of a dramatic evacuation off north Norway five years ago should never have left port because it was not up to safety standards, officials said Tuesday, adding that it could have developed into one of the worst disasters at sea in modern times. In a report, the Norwegian Safety Investigation Authority upbraided the Viking Sky, saying it was ”a ship's length from running aground.” The ship left the northern city of Tromsoe carrying almost 1,400 people, despite storm warnings.

  • Reuters

    US DOJ to target pre-IPO artificial intelligence frauds, top attorney says

    The U.S. Justice Department's top prosecutor in San Francisco is targeting artificial intelligence (AI) and other tech start-ups that defraud investors before they go public, he told Reuters. Ismail Ramsey, who became U.S. attorney for the Northern District of California a year ago, said his office is uniquely positioned to crack down on tech start-ups that mislead investors on the path to initial public offerings (IPOs) given his proximity to Silicon Valley venture and angel investors. High-profile examples of such frauds by start-ups include Theranos, whose founder Elizabeth Holmes and president Ramesh "Sunny" Balwani were convicted of deceiving Silicon Valley investors about the start-up's blood-testing technology, or uBiome Inc, a San Francisco start-up whose co-founders were charged with defrauding investors about its ability to expand clinical tests to monitor gut health.

  • Insider Monkey

    Should You Consider Buying MongoDB (MDB)?

    ClearBridge Investments, an investment management firm, released its fourth-quarter 2023 “ClearBridge Aggressive Growth Strategy” investor letter, which can be downloaded here. The strategy outperformed its Russell 3000 Growth Index benchmark for the quarter. It had delivered gains across seven of the eight sectors in which it was invested on an absolute basis. Overall stock selection contributed […]