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.

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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."

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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."

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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.

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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."

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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.

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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.

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