<b>Sam Bankman-Fried criminal trial starts today — here's what's at stake</b>
Sam Bankman-Fried criminal trial starts today — here's what's at stake
The Kimchi Swap put Sam Bankman-Fried on the map. The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of on exchanges around the world. Tod...
2023-10-03 23:40:09
Indonesia bans purchases on social media platforms like TikTok
Indonesia bans purchases on social media platforms like TikTok
Indonesia's ministry of trade said Tuesday it is working to further regulate e-commerce, adding that the country does not allow transactions on social media platforms. "One of the things that is regulated is that the government only allows...
2023-09-29 21:49:50
Binance to sell Russia business for undisclosed amount
Binance to sell Russia business for undisclosed amount
Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine. Binance, the world's la...
2023-09-29 21:49:44
Amazon lawsuit protects 'free and fair competition': FTC's Lina Khan
Amazon lawsuit protects 'free and fair competition': FTC's Lina Khan
One day after filing a massive antitrust lawsuit against , Federal Trade Commission Chair Lina Khan defended the agency's decision to pursue the company and explained how its use of monopoly power allowed it to leverage an effective 50% tax...
2023-09-29 21:49:39
Amazon hires former Microsoft product chief to oversee devices unit
Amazon hires former Microsoft product chief to oversee devices unit
Former product chief Panos Panay will join later this year to oversee its devices and services unit, the company Wednesday. Panay will replace longtime Amazon devices head Dave Limp, who he'd step down from his role in the coming months aft...
2023-09-29 21:49:31
<b>Flexport loses CFO, HR chief weeks after ouster of CEO Dave Clark</b>
Flexport loses CFO, HR chief weeks after ouster of CEO Dave Clark
Three weeks after Flexport founder Ryan Petersen as CEO and returned to run his supply chain software startup, the company has ousted its chief financial officer, and its human resources chief has resigned, CNBC has learned. Flexport inform...
2023-09-29 21:49:24
<b>Meta announces new Quest 3 VR headset as Apple competition looms </b>
Meta announces new Quest 3 VR headset as Apple competition looms
announced Quest 3, a sequel to the bestselling VR headset of all time, on Wednesday. The device, starting at $499, is more expensive than its predecessor by $200, but it includes a more powerful chip from Qualcomm, better screens and an abi...
2023-09-29 21:49:18
Microsoft technology chief says supply of Nvidia AI chips is improving
Microsoft technology chief says supply of Nvidia AI chips is improving
technology chief Kevin Scott said on Wednesday that the company is having an easier time getting access to 's chips that run artificial intelligence workloads than it was a few months ago. Speaking on stage at the Code Conference in Dana Po...
2023-09-29 21:49:13
<b>Meta CEO Zuckerberg looks to digital assistants, AI to push metaverse</b>
Meta CEO Zuckerberg looks to digital assistants, AI to push metaverse
has new artificial intelligence tools and celebrity-endorsed digital assistants that CEO hopes will help to jump-start the metaverse. Zuckerberg showed off the AI software as well as the company's new and latest Ray-Ban smart glasses on Wed...
2023-09-29 21:49:07
<b>VinFast aims to sell up to 50,000 EVs in 2023 — but it's far from its target</b>
VinFast aims to sell up to 50,000 EVs in 2023 — but it's far from its target
Vietnamese electric vehicle maker 's ambitious plan to deliver as many as 50,000 vehicles this year is "unrealistic," according to one analyst. VinFast said it expects to despite a weak global economy. That's almost seven times the last yea...
2023-09-29 21:49:01
China's chip firms see revenue surge as Beijing seeks self-reliance
China's chip firms see revenue surge as Beijing seeks self-reliance
Revenue from China's top chip equipment makers surged in the first half of the year, research released Thursday showed, as Beijing continues to aim for self-reliance for its semiconductor industry. The top 10 domestic equipment manufacturer...
2023-09-29 21:48:55
Epic Games is eliminating 16% of its workforce and selling Bandcamp
Epic Games is eliminating 16% of its workforce and selling Bandcamp
Epic Games on Thursday said it's laying off 16% of its workforce, selling its music platform Bandcamp and spinning off most of its SuperAwesome services. In Epic shared on its website, CEO Tim Sweeney said about two-thirds of the roughly 83...
2023-09-29 21:48:49
AMD stock pops after Microsoft CTO touts chipmaker's AI products
AMD stock pops after Microsoft CTO touts chipmaker's AI products
Shares of rose almost 5% Thursday, a day after technology chief said the chipmaker is bolstering its position in artificial intelligence, where dominates. So far this year, Nvidia shares have almost tripled while AMD is up about 60%. Since...
2023-09-29 21:48:44
EEOC sues Tesla alleging widespread racist harassment of Black workers
EEOC sues Tesla alleging widespread racist harassment of Black workers
The U.S. Equal Employment Opportunity Commission has sued , accusing Elon Musk's electric car maker of violating "federal law by tolerating widespread and ongoing racial harassment of its Black employees and by subjecting some of these work...
2023-09-29 21:48:39
<b>‘AI is transformative for the geopolitical order,’ political scientist Ian Bremmer </b>
‘AI is transformative for the geopolitical order,’ political scientist Ian Bremmer
Artificial Intelligence will have a significant impact on both geopolitics and globalization, according to Ian Bremmer, political scientist and president of the Eurasia Group. "I think that AI is transformative for the geopolitical order, b...
2023-09-29 21:48:33