#california
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California tightens kids’ online safety, vetoes broad chatbot ban
California just drew a sharper line around kids’ online safety, without banning chatbots outright. Governor Gavin Newsom signed a package targeting age verification, social‑media warnings and companion‑chatbot safeguards, while vetoing a broader bill he called overly sweeping. Deepfake distributors now face civil exposure up to $250,000. 
The U.S. Securities and Exchange Commission (SEC) settled charges against California-based companies TrustToken and TrueCoin, which operate under the Archblock brand, for selling unregistered securities and providing misleading information regarding the reserves backing their stablecoin, TrueUSD (TUSD). 
Elon Musk, the CEO of Tesla and SpaceX, has dropped his lawsuit against OpenAI and its CEO Sam Altman. The suit, filed in California in February 2024, was retracted just one day before a scheduled court hearing on a dismissal motion filed by the defendants. 
Google vs OpenAI: The Battle for Supremacy
As we've previously reported, Google initiated a $500 million investment in Anthropic, an AI startup based in California, with this being the initial portion of their commitment. According to sources cited by The Wall Street Journal, Google is prepared to extend its total investment in Anthropic to $2 billion. Satellites leak unencrypted calls, texts, and military data
A three-year study by researchers at the University of California, San Diego, and the University of Maryland has found that many satellites are transmitting sensitive information – including personal calls, text messages, and military communications – without encryption. 
Silvergate, a banking partner of the bankrupt entities FTX and Alameda, will pay fines totaling $63 million to the Federal Reserve and the California Department of Financial Protection and Innovation (DFPI). Of this sum, $43 million will be paid to the Fed and $20 million to the DFPI. Additionally, the SEC seeks to impose another $50 million in penalties on the company. 
British autonomous vehicle manufacturer Wayve Technologies announces the opening of a new research and development hub in Vancouver, Canada, marking its third establishment following London and Mountain View in California. The initiative will be spearheaded by the company's Chief Scientific Officer, Jamie Shotton. 
