Accounting irregularities with ILearningEngines send its shares down more than 50% following claims of artificial partners and artificial revenues…

Andy Watkin-Child
August 30, 2024
Artificial Intelligence, Cybersecurity

Accounting irregularities with ILearningEngines send its shares down more than 50% following claims of artificial partners and artificial revenues.

iLearningEngines claims its Indian market has an annual revenue run rate of $216 million. The financials for its sole Indian subsidiary reported ~$853,471 in revenue for its latest fiscal year, or ~99.4% less than iLearningEnginesâ€™ claimed revenue in the country, Hindenburg wrote.

@Thaddeus Dziekanowski Brian D. McCarthy

Veritas GRC

#cybersecurity #cyberriskmanagement #ai

View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7235343483660644355

Accounting irregularities with ILearningEngines send its shares down more than 50% following claims of artificial partners and artificial revenues…

Categories

Tags

The UK Government, specifically the House of Lords, is making amendments to the UK’s Cyber Resilience Bill that are slowly pushing it towards…

The old ones are still effective and with the advent of AI, easier to automate.

Cyber attacks against the CNI sector are increasing.

All UK Critical National Infrastructure is at risk from cyber attacks.

The report from CyberSheath highlights what many in the Defense industry know: CMMC compliance of the US National Defense Industrial Base is not…