A group of investors in New York are accused of making a fake debt crisis to extort money. Byju's said on June 6 that it had decided to stop making payments on the $1.2 billion term loan and skip a $40 million interest payment. The offices of Byju's were searched in April as part of a money-laundering probe. Byju's was sued by an agent for the lender in the US state of Delaware in May over the loan taken out in 2021. There is no earnings statement for Byju's. Expenditure more than doubled in the year to March 31, 2021, while revenue fell. Tech workers across the globe have been laid off in the first half of the year due to concerns about the impact of artificial intelligence. The term " will artificial intelligence take my job" registered a search interest of 100 on the internet in April,...