Short-selling firm The Bear Cave has released a scathing report alleging that Roblox, the popular online gaming platform, has facilitated widespread child abuse. The report, which marks the fourth time The Bear Cave has targeted Roblox since 2022, cites numerous instances of alleged child pornography, kidnappings, and physical abuse on the platform. The Bear Cave also alleges that Roblox has been used by foreign actors to spread antisemitism and terrorism.
Verint Systems, a contact center automation company, is facing significant challenges from the rapid advancement of artificial intelligence (AI). Short-seller The Bear Cave published a report highlighting how AI-powered competitors are disrupting Verint’s business, potentially leaving the company behind in the future. The report cites concerns over Verint’s reliance on bots and its slow adoption of AI, while competitors like Google Dialogflow, IBM, and startups are rapidly advancing in this space. Verint’s recent financial performance, including a missed earnings estimate and soft guidance, further fuels these concerns.
Shares of iLearningEngines, a newly public artificial intelligence company, plummeted over 53% after Hindenburg Research accused the company of fabricating revenue and having undisclosed related party transactions. The short report alleges that iLearningEngines’ financial statements are misleading and that the company’s revenue is largely fake. iLearningEngines denies the allegations and insists it will continue executing its business plan.
