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UK Telecoms company has links to Russian oligarchs and sanctioned deals

UK Telecoms company has links to Russian oligarchs and sanctioned deals

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UK Telecoms company has links to Russian oligarchs and sanctioned deals

A UK Telecoms provider has been awarded Russian state contracts from agencies controlled by sanctioned individuals, including an ally of Vladimir Putin, while its Tory-donor backer posts anti-Ukrainian propaganda on social media.

RETN Capital, which provides services across Europe, claims to have limited its exposure to Russia since the invasion of Ukraine and complied with sanctions, but instead its revenue from the country has rocketed since the war began, partly driven by contracts from sanctioned state entities, according to a report in the Daily Telegraph.

An investigation by the newspaper also found that the co-owner of RETN’s primary institutional investor, Njord Partners, was posting content on X (formerly Twitter) attacking Ukraine and President Zelensky.

One repost stated: “Ukraine has always been a very dodgy place, run by friends of the globalists like Hunter Bider where incredibly shifty s*** goes on”.

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Trolle also reposted: “Why is no one stating the obvious? Zelensky has regime-ending dirt on Biden and other Western leaders who have used Ukraine as their corruption playground for decades.”

Trolle, a former Oaktree Capital executive who donated £20,000 to Conservative MP Priti Patel when she was UK Home Secretary, also posted conspiracy theories on his X account, the Telegraph reported.

Trolle’s partner at Njord Partners, Jakob Kjellberg, is currently the Chairman of RETN.

A repost of anti-Ukrainian propaganda (left,centre) by Arvid Trolle (far right) on X in November 2022


RETN’s wholly owned Russian subsidiary received contracts from state entities which have been sanctioned since the war in Ukraine, according to Interfax-Spark, a database of official contracts.

In December 2022, RETN’s Russian arm won a contract with the Kurchatov Institute, a Russian state-controlled aviation research agency which is sanctioned by the UK and US. Its general director Mikhail Kovalchuk and his brother Yury, a close ally of President Putin, are subject to sanctions by the UK, Canada and Ukraine.

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Two months later RETN was awarded a contract with the Russian State Enterprise Fuel and Energy Complex of St Petersburg – known as GUP TEK. Both GUP TEK and its general director, Ivan Boltenkov, are sanctioned by Ukraine.

RETN’s ties with the Russian state and sanctioned agencies are also apparent in the company’s 2022 financial statements, the newspaper reported. One of the main customers of RETN’s Russian subsidiary is PJSC Rostelecom, which is partially state-owned.

The Russian subsidiary is also a client of the Russian bank Rosbank. Both Rosbank and Rostelecom are sanctioned by the West and Ukraine.

There are also questions over the current ownership of RETN Partners, after its major shareholdings were moved around following the full-scale invasion of Ukraine.

Until January 2021, the largest individual beneficial shareholder of RETN Capital was Polina Maltseva, the daughter of Anatoly Danilitsky, a former Russian diplomat and executive director of the Russian National Reserve Corporation. Danilitsky was also previously the chairman of RETN’s Russian subsidiary.

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The UK High Court once declared Maltseva to be a proxy for her father’s financial interests. She acquired her stake in RETN in 2016, shortly after her father resigned as chairman of its subsidiary. After the Russian invasion of Ukraine, Maltseva’s stake in RETN was transferred to Anna Tindl, a German lawyer based in Vienna, Austria.

Tindl is also now a director of RETN, but unlike Kjellberg she does not appear on its website.

The slick public face of RETN (left) and the Russian oligarch whose daughter acted as a proxy (right)

Tindl has had partnerships with numerous entities connected with the Russian and Kremlin interests. This includes the Viennese radio station, Radio Ru, which changed it names to Alpha Radio in 2023. The station was founded by Yuri Aleksandrovich Zaitsev, another former Russian diplomat, whom the FBI suspected of espionage and operating as a Kremlin recruiter, while serving in Washington in 2013.

After the invasion of Ukraine, Zaitsev transferred his stake in Radio Ru to a German company, Iallo Gmbh, whose director is Tindl.

Tindl has also been a shareholder of Radio Ru since about the time Zaitsev founded it in 2019.

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Other former shareholders of Radio Ru included, Andrei Zolotov, head of the Vienna bureau of the Putin aligned RIA Novosti.
A spokesman for RETN said: “RETN Capital Ltd is fully in compliance with all relevant international sanctions.

“Our group policies require all the independent local operating subsidiaries to do likewise and the training and software tools to identify any potential sanctioned transactions are provided to them.

“RETN has consistently strived to construct a reliable international network platform that fosters global interconnectivity and supports the development of the global internet. As such, the company’s products revolve around internet access and other communication services which are generally exempted from international sanctions as most Western governments see them as having fundamental importance for democracy, progress and freedom of expression.

“We will raise the alleged transactions which you have brought to our attention, with the management of RETNNet, our Russian subsidiary, and ask them to reconfirm full compliance with our group sanctions policies.”

Njord Partners were asked to comment but did not respond.

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A former OpenAI leader says safety has ‘taken a backseat to shiny products’ at the AI company

A former OpenAI leader says safety has ‘taken a backseat to shiny products’ at the AI company

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A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company

A former OpenAI leader who resigned from the company earlier this week said Friday that safety has “taken a backseat to shiny products” at the influential artificial intelligence company.

Jan Leike, who ran OpenAI’s “Superalignment” team alongside a company co-founder who also resigned this week, wrote in a series of posts on the social media platform X that he joined the San Francisco-based company because he thought it would be the best place to do AI research.

“However, I have been disagreeing with OpenAI leadership about the company’s core priorities for quite some time, until we finally reached a breaking point,” wrote Leike, whose last day was Thursday.

An AI researcher by training, Leike said he believes there should be more focus on preparing for the next generation of AI models, including on things like safety and analyzing the societal impacts of such technologies.

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He said building “smarter-than-human machines is an inherently dangerous endeavor” and that the company “is shouldering an enormous responsibility on behalf of all of humanity.”

“OpenAI must become a safety-first AGI company,” wrote Leike, using the abbreviated version of artificial general intelligence, a futuristic vision of machines that are as broadly smart as humans or at least can do many things as well as people can.

Open AI CEO Sam Altman wrote in a reply to Leike’s posts that he was “super appreciative” of Leike’s contributions to the company was “very sad to see him leave.”

Leike is “right we have a lot more to do; we are committed to doing it,” Altman said, pledging to write a longer post on the subject in the coming days.

The company also confirmed Friday that it had disbanded Leike’s Superalignment team, which was launched last year to focus on AI risks, and is integrating the team’s members across its research efforts.

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Leike’s resignation came after OpenAI co-founder and chief scientist Ilya Sutskever said Tuesday that he was leaving the company after nearly a decade.

Sutskever was one of four board members last fall who voted to push out Altman — only to quickly reinstate him. It was Sutskever who told Altman last November that he was being fired, but he later said he regretted doing so.

Sutskever said he is working on a new project that’s meaningful to him without offering additional details.

He will be replaced by Jakub Pachocki as chief scientist. Altman called Pachocki “also easily one of the greatest minds of our generation” and said he is “very confident he will lead us to make rapid and safe progress towards our mission of ensuring that AGI benefits everyone.”

On Monday, OpenAI showed off the latest update to its artificial intelligence m

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US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban

US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban

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US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban

The U.S. Justice Department and TikTok on Friday asked a U.S. appeals court to set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban.

TikTok, ByteDance and a group of TikTok content creators joined with the Justice Department in asking the U.S. Court of Appeals for the District of Columbia to rule by Dec. 6 to be able to seek review from the Supreme Court if needed before the U.S. deadline. 

On Tuesday, a group of TikTok creators filed suit to block the law that could ban the app used by 170 million Americans, saying it has had “a profound effect on American life.”

Last week, TikTok and parent company ByteDance filed a similar lawsuit, arguing that the law violates the U.S. Constitution on a number of grounds including running afoul of First Amendment free speech protections.

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“In light of the large number of users of the TikTok platform, the public at large has a significant interest in the prompt disposition of this matter,” the U.S. Justice Department and TikTok petitioners said.

TikTok said with a fast-track schedule it believes the legal challenge can be resolved without it needing to request
emergency preliminary injunctive relief.

The law, signed by President Joe Biden on April 24, gives ByteDance until Jan. 19 to sell TikTok or face a ban. The White House says it wants to see Chinese-based ownership ended on national security grounds, but not a ban on TikTok.

The parties asked the court to set the case for oral arguments as soon as practical during the September case calendar. The Justice Department said it may file classified material to support the national security justifications in secret with the court.

Earlier this week the Justice Department said the TikTok law “addresses critical national security concerns in a manner that is consistent with the First Amendment and other constitutional limitations.”

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The law prohibits app stores like Apple and Alphabet’s Google from offering TikTok and bars internet hosting services from supporting TikTok unless ByteDance divests TikTok.

Driven by worries among U.S. lawmakers that China could access data on Americans or spy on them with the app, the measure was passed overwhelmingly in Congress just weeks after being introduced.

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Spotify sued over alleged unpaid royalties

Spotify sued over alleged unpaid royalties

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Spotify sued over alleged unpaid royalties

Music streaming giant Spotify has been sued in a US federal court for allegedly underpaying songwriters, composers and publishers by tens of millions of dollars.

The lawsuit against Spotify USA was filed in New York on Thursday by the Mechanical Licensing Collective (MLC), a non-profit that collects and distributes royalties owed from music streaming services.

The suit alleges that Spotify on March 1, without advance notice, reclassified its paid subscription services, resulting in a nearly 50 percent reduction in royalty payments to MLC.

“The financial consequences of Spotify’s failure to meet its statutory obligations are enormous for Songwriters and Music Publishers,” MLC said.

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“If unchecked, the impact on Songwriters and Music Publishers of Spotify’s unlawful underreporting could run into the hundreds of millions of dollars.”

According to MLC, Spotify reclassified its Premium Individual, Duo and Family subscription streaming plans as Bundled Subscription Offerings because they now include audiobooks.

Royalties paid on bundled services are significantly less. MLC said Premium subscribers already had access to audiobooks and “nothing has been bundled with it.”

“Premium is exactly the same service that Spotify offered to its subscribers before the launch of Audiobooks Access,” it said. In a statement, Spotify said the lawsuit “concerns terms that publishers and streaming services agreed to and celebrated years ago.”

Spotify said it paid a “record amount” in royalties last year and “is on track to pay out an even larger amount in 2024.” “We look forward to a swift resolution of this matter,” the Swedish company said.

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In February, Spotify said it paid $9 billion to musicians and publishers last year, about half of which went to independent artists. 

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