trade secrets

Ex-Jane Street trader pillories claims he stole trade secrets

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Ex-Jane Street trader pillories claims he stole trade secrets

A former Jane Street Group trader who moved to Millennium Management ridiculed his former employer’s claims that he used its secret strategy to make a killing at his new job in India’s options market. Responding to a lawsuit filed by Jane Street this month, Douglas Schadewald said it was “not only wrong, but impossible” that … Read more

Chinese national charged with stealing Google AI secrets

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Chinese national charged with stealing Google AI secrets

A Chinese national was charged with stealing trade secrets on Google’s artificial intelligence (AI) technology while secretly working for two AI companies based in China, according to an indictment unsealed on Wednesday. Linwei Ding was indicted on four counts of theft of trade secrets, after he allegedly transferred more than 500 unique files containing confidential … Read more