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first_img The United Kingdom and the United States established a joint alliance to combat cryptocurrency fraud

The United States and the United Kingdom announced the establishment of the first joint law enforcement alliance aimed at combating fraud centers involving cryptocurrency and online investment scams. The U.S. Department of Justice stated that the U.S. Attorney's Office for the District of Columbia, the UK Crown Prosecution Service, and the UK's National Crime Agency have signed a memorandum of understanding to conduct parallel investigations on common objectives, share intelligence on organized crime groups, and negotiate jurisdictional prosecution rights for specific cases.This alliance expands upon the "Fraud Center Task Force" initiated by U.S. Attorney Jeanine Ferris Pirro in November 2025, focusing on Chinese organized crime networks primarily located in Southeast Asia that are involved in cryptocurrency investment scams, which are often linked to human trafficking and money laundering. The task force includes the FBI, U.S. Secret Service, IRS Criminal Investigation Division, Homeland Security Investigations, and the Department of Justice, and collaborates with the U.S. Department of the Treasury, the State Department, and private enterprises to dismantle fraud operations and recover victims' funds.The U.S. Department of Justice pointed out that losses reported due to cryptocurrency investment scams in the U.S. continue to rise, with losses reported to the FBI Internet Crime Complaint Center increasing from $4.57 billion in 2023 to $8.65 billion in 2025. Previously, international law enforcement agencies had conducted joint operations, with a raid led by Dubai police on April 29, involving the FBI and the Chinese Ministry of Public Security, resulting in the arrest of 276 individuals and the closure of at least 9 cryptocurrency scam centers. Several Southeast Asian countries are also strengthening domestic legislation, with Myanmar's military government releasing a draft on May 15 proposing a 10-year to life imprisonment for digital currency fraud, and the death penalty if a victim dies due to being coerced to work at a scam center; this bill was passed by parliament on July 28.

first_img Mistral collaborates with Saudi PIF's HUMAIN to jointly build sovereign AI infrastructure

The French open-source weight AI laboratory Mistral and the AI company HUMAIN under the Saudi Arabian Public Investment Fund (PIF) announced plans to build "sovereign AI" infrastructure in Saudi Arabia and the broader region. According to a joint announcement from both parties, this collaboration is valued at "hundreds of millions of euros" and aims to meet the growing demand for sovereign AI, where data is not controlled by third-party companies, and models can be owned under open weights.Both parties will jointly develop and localize advanced models and deploy AI solutions within Saudi Arabia and the broader region. Mistral is building its computing power layout through its end-to-end infrastructure division, Mistral Compute. This collaboration will allow it to run workloads on local computing power in Saudi Arabia, rather than relying solely on computing power from Europe and the United States. The two sides also plan to conduct joint marketing in regulated industries in Saudi Arabia. The first deliverables will cover cybersecurity and voice fields, involving inference, open models, and cutting-edge Arabic models in the region.HUMAIN has accumulated over a year of construction. In November 2025, it expanded its cooperation with NVIDIA, planning to deploy up to 600,000 of NVIDIA's latest AI systems, including the GB300 platform, within three years; it also reached a data center agreement with xAI, relying on a facility with over 500 MW, and made an agreement with AWS to manage up to 150,000 GPUs in the Riyadh AI Zone. In the same month, HUMAIN, AMD, and Cisco established a joint venture aimed at building up to 1 GW of AI infrastructure by 2030.

first_img The financial AI platform Oro has completed a strategic financing of $3 million, led jointly by MH Ventures and Mapleblock Capital

The financial AI platform Oro, which transforms complex user intentions into multi-step executions, announced the completion of a $3 million strategic financing round, led jointly by MH Ventures and Mapleblock Capital, with participation from M2M Capital, Archer Capital, and X21 Digital. Disrupt.com and ZIGLabs provide subsequent strategic support, bringing the total financing amount to $4 million. The funds will be used to advance core AI and agent research and development (including the proprietary Shield Engine and natural language execution stack), global market and user acquisition, build a self-hosted compliance framework with policy constraints, and expand engineering, AI research, and enterprise B2B teams.Oro converts natural language prompts into multi-step transaction paths in a non-custodial, user-signature manner. The official disclosure states that there are already over 350,000 independent active users, supporting more than 80 languages, and has completed mainnet integrations with Morpho, Kamino, Lido, Aave, Uniswap, Raydium, etc.; the activities with Ondo Finance saw over 50,000 verifications completed on the first day of launch. The company's goal is to reach 10 million active users in the next 6 to 12 months, launch native iOS and Android applications, and expand integration as a B2B and B2C intent routing layer.
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