Welcome to Tech Beat, your daily read on the stories shaping our digital world.
The SEC is going after a Texas man named Fuller, alleging he raised twelve point three million dollars by convincing investors he had AI-powered crypto trading bots. He didn't. Only three percent of funds touched actual trading. The rest went to personal spending and Ponzi-style payouts to earlier investors. It's a familiar story with a fresh coat of artificial intelligence paint.
Closer to home in California, the state Assembly has passed a bill that would require three-D printers to run software blocking the production of untraceable firearms. AB two zero four seven now heads to the Senate. It's a genuine test case for how governments regulate hardware at the point of manufacture, and the legal and technical debates ahead will be worth watching closely.
And in San Francisco, a robot startup is accused of using Airbnb rentals as undisclosed testing grounds for indoor robots. Hosts report scratched surfaces, damaged appliances, missing items, and strange rearrangements. It raises a pointed question about informed consent when the guest checking in isn't entirely human, and the platform sitting in the middle has some explaining to do.
Keep surfing. Tech Beat out.
