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British renewable energy startup Octopus Energy is set to spin out its AI tech unit Kraken Technologies, as an independent company valued at $8.65 billion.

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Elon Musk envisions humanoid robots everywhere. China may be the first to make it a reality

China has made the development of humanoid robots a strategic priority in its tech battle with the U.S.

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Meta just bought Manus, an AI startup everyone has been talking about

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Meta acquires intelligent agent firm Manus, capping year of aggressive AI moves

Meta Platforms has acquired Manus, a Singapore-based developer of general-purpose AI agents, capping a year of massive spending on artificial intelligence.

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China plans AI rules to protect children and tackle suicide risks

The draft regulations are aimed to address concerns around chatbots, which have surged in popularity in recent months.

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Ankeny contractor sentenced to prison after gambling away customers’ money

An Ankeny contractor who admitted to blowing customer money on “gambling” and “irresponsible spending” was sentenced on December 18, 2025, to three years in federal prison. According to court records, he was punished for lying during bankruptcy proceedings.
Louis Grant Peterson, who also went by “Chip Peterson,” is 61 and formerly owned Legacy Siding and Windows, an exterior construction company based in Ankeny. Prosecutors say Peterson collected hundreds of thousands of dollars in deposits from customers for home improvement projects he never finished. He later told the FBI that he spent much of that money on gambling and other personal expenses.

Ankeny Man Sentenced to Three Years’ Imprisonment for Bankruptcy Fraud https://t.co/ddb1hfUE7S
— US Attorney Office – Southern District of Iowa (@USAO_SDIA) December 23, 2025

Court records also show this wasn’t the first time Peterson had run into trouble. In 2024, he was convicted of theft in Woodbury County after taking more than $50,000 upfront for construction work that was never done.
Unfavorable reviews show pattern of behavior
According to a Yelp review, one user met with Peterson in Des Moines in 2017. They later sent a deposit to start repairs, however, they added: “The job never got finished and we were told that they did not use all of our money that his partner scammed him and we would need to wait until Chip got everything straightened out with the courts. We have not heard anything and the job is not finished. The last [conversation] was in 2019.”
Similar reviews were seen on the company’s Facebook page, however, they have not been independently verified.
Social media users describe alleged unpaid work and complaints involving contractor Chip Peterson. Credit: Facebook / Legacy Siding and Windows
Ankeny contractor admits gambling away customer funds in federal fraud case
After racking up nearly $1 million in unsecured debt, Peterson filed for bankruptcy protection. But during those proceedings, he made several false statements about his job, businesses, income, bank accounts, tools, equipment, electronics, and jewelry. Investigators said Peterson later admitted he had “no idea” where the income figures he reported came from and acknowledged that he hadn’t paid taxes for several years.
Federal court judgment shows Louis Grant Peterson pleaded guilty to false declaration in bankruptcy.
Authorities also said that even after he was federally indicted, Peterson took a $17,000 deposit for a window installation job he never completed. The money was eventually returned after the victims filed a complaint with the Iowa Attorney General’s Office.
The case was announced by U.S. Attorney David C. Waterman of the Southern District of Iowa. The FBI investigated the case with help from the Office of the United States Trustee, and Assistant U.S. Attorney Joseph Lubben prosecuted it.
Featured image: Legacy Siding and Windows via NextDoor
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Builder jailed 14 years after $1.69M fraud funding gambling habit case

A builder who swindled dozens of customers out of about £1.25 million ($1.69 million) has been sentenced to 14 years in prison after a court heard he used some of the money to fund his gambling habit.
Mark Killick, 56, from Paulton in England, who also went by the name Marc Cole, was found guilty of 37 counts of fraud by false representation following a 14-week trial at Bristol Crown Court.

A rogue builder who defrauded dozens of customers out of approximately £1.25million has been jailed for 14 years.
Mark Killick was found guilty of 37 counts of fraud by false representation after a 14-week trial at Bristol Crown Court.
Read more here: https://t.co/fnpov0fP2J pic.twitter.com/pz4UWeLs5z
— Avon and Somerset Police (@ASPolice) December 23, 2025

Operating under the business name TD Cole Ltd, Killick took large upfront payments for building work that was never finished or, in many cases, never even started. The fraud took place between 2019 and 2021 and was investigated by Avon and Somerset Police alongside Bristol City Council’s Trading Standards team.
Builder carried out fraud to fund personal spending and gambling habit
Jurors were told the scale of the scam was similar to winning the lottery. Prosecutors explained that Killick used money from new customers to pay for earlier jobs, running what they described as a “Ponzi scheme.” He also failed to pay suppliers and contractors and spent some of the cash on personal expenses, including gambling.
During sentencing, several victims spoke about the serious financial and emotional toll the fraud had taken on them.
One victim said the loss of approximately £75,000 ($101,000) was “unbearable and is something that haunts me every day.” He said he had to extend his mortgage to pay for another contractor to complete the unfinished work.
Another victim, who lost around £17,000 ($23,000), said: “My husband was due to retire soon due to some health issues, unfortunately due to the criminal actions of Killick he can no longer do this.”
Several victims said they were forced to move out of their homes because unfinished building work left their properties unlivable.
One victim told the court: “The worst thing was that he just kept telling us lies, making endless false promises, giving fake excuses, and demanding more money for himself. He knew, moreover, in doing this, that he was endangering the health and safety of our children. He knew that our damaged flat roof at the rear was on the verge of collapse, and he knew it was above my son’s bedroom where he sleeps.”
Another said: “We no longer feel as confident in ourselves, as we did. We both had responsible jobs before we retired and thought we were good at being able to judge people. When we discovered that Killick had already been convicted for similar crimes, we realised we had been dealing with a very clever, professional, and competent criminal… Our financial loss means there could be less security for us in old age and less to pass on to children and grandchildren. As we are living on our pensions, we are less able to make up for our financial loss.”
A further victim described living for months without a functioning kitchen, saying: “I was living with the entire contents of my kitchen in my lounge, holes in the walls and floor and no cooking facilities for four months with no line of sight to when it would be done, and it always been ‘next week’… I had to use my bath and bathroom sink for washing up for weeks and weeks and the entire thing was just incredibly frustrating and stressful. Then finding out I would not have a kitchen rebuilt, and with all the money gone, I was obviously distraught.”
Mark Killick ‘a master of deception’
Detective Constable Charlotte Suter, the officer in the case, said in the press release: “Mark Killick defrauded dozens of his customers by taking huge sums of money from them while knowing he would not be using their money to do the work he had promised them.
“The financial impact of his crimes is clear with it being valued at about £1.25million. We are seeking to recover what we can via the Proceeds of Crime Act.
“Building projects are stressful times, even when they go all to plan, so it’s hard to adequately put into words what it’s been like for Killick’s victims.
“It has led to countless sleepless nights for them, as well as detrimental affected their health and future plans. While no sentence can undo the toll it’s caused, we hope they can take some comfort in Killick’s prison sentence.”
The court also heard that Killick had a history of similar offences. Between 2008 and 2014, he was investigated and prosecuted twice for fraud linked to building work, including convictions in 2008 under the name Killick and again in 2014 under the name Mark Jenkins. He was also declared bankrupt in the 2000s.
In January 2019, he changed his name by deed poll to Marc Cole and later set up TD Cole Ltd. Prosecutors said this made it much harder for potential customers to uncover his past when looking him up online.
DC Suter said: “Mark Killick was a master of deception who talked the talk to convince trusting people he was a legitimate.
“In fact he is a serial fraudster who took people’s money and lied to them time and time again.”
Killick was sentenced to 14 years in prison. He will also face a 15-year ban from being a company director and a five-year Serious Crime Prevention Order once he is released.
Senior Investigating Officer DI Hadley Rides said: “This result is the culmination of an exhaustive, multi-agency three-year investigation.
“We would like to thank our partners at Trading Standards for their continued support. I would also like to commend DCs Charlotte Suter, Kelly Pinsker and Rachael Webb for their meticulous work.
“Over the course of the five month trial, our specialist fraud and financial investigators navigated a complex web of banking records and alias names. Their dedication in tracing multiple bank transfers and debunking the defendant’s ‘honest businessman’ narrative was instrumental in securing those 37 guilty verdicts.”
Featured image: Avon and Somerset Police via press release
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How to make your startup stand out in a crowded market, according to investors

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California’s Ro Khanna faces Silicon Valley backlash after embracing wealth tax

A proposal to tax California billionaires at 5% of their wealth could land on the California ballot in November.

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Aflac Data Breach Exposes 22M People in Major Cyber Breach

Aflac confirmed a 2025 data breach impacting 22 million people after an advanced cyberattack exposed sensitive personal and medical data in the US.
The post Aflac Data Breach Exposes 22M People in Major Cyber Breach appeared first on TechRepublic.

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