collateral

Mother sues Google-owned Character.AI over son’s suicide, calling him “collateral damage” in a “big experiment”

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Mother sues Google-owned Character.AI over son’s suicide, calling him “collateral damage” in a “big experiment”

A mother in Florida is suing the Google-owned Character.AI platform, claiming it had a large part in the suicide of her 14-year-old son. Sewell Setzer III fatally shot himself in February 2024, weeks before his 15th birthday, after developing… Article Source https://www.digitalcameraworld.com/news/mother-sues-google-owned-character-ai-over-sons-suicide-calling-him-collateral-damage-in-a-big-experiment

IBM’s Danish pension fund reprimanded by FSA for using major assets as collateral

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IBM’s Danish pension fund reprimanded by FSA for using major assets as collateral

Denmark’s Financial Supervisory Authority (FSA) has issued formal orders to IBM Pensionsfond in Denmark after discovering that assets intended to cover liabilities were also pledged as collateral for derivative transactions. The FSA conducted an inspection in March on the US multinational’s defined benefit pension fund for Danish employees, focusing on investments and registered assets. A … Read more