Month: 3 months

U.S. regulators issued a fresh warning to banks to be on guard for crypto-related liquidity risks

Top U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related clients, cautioning some of their deposits could prove volatile. In…

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Binance CEO Changpeng Zhao described "Binance Nigeria Limited" in a tweet as a "scammer entity" and stated that Binance has issued a cease and desist order to the Nigerian corporation.

IMF laid out a nine-point crypto action plan, recommends against legal tender status

The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as…

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Elon Musk will confront a critical challenge during Tesla’s Investor Day

Elon Musk will confront a critical challenge during Tesla's Investor Day on March 1: Convincing investors that even though rivals are catching up, the electric-vehicle pioneer can make another leap…

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China’s Ministry of Science and Technology says it sees the potential of ChatGPT-like technology

China's Ministry of Science and Technology said on Friday said it saw the potential of ChatGPT-like tech and would be pushing for the integration of artificial intelligence into Chinese society…

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Netflix will discontinue its DVD-by-mail service, so no more red envelopes

Netflix slashes prices in some countries to maintain subscriber growth as its market shares drop

Netflix Inc said on Thursday it has cut prices of its subscription plans in some countries as the streaming giant looks to maintain subscriber growth amid stiff competition and strained consumer…

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Nvidia leads in AI chip race, results show positive growth

As the artificial intelligence boom takes off, Nvidia Corp is expected to emerge as the biggest - though not the only - winner among chipmakers after years of focusing on the…

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U.S. Justice Dept alleges Google destroyed evidence in antitrust case

U.S. Justice Department lawyers say that Alphabet Inc's Google destroyed internal corporate communications and have asked a federal judge to sanction the company as part of the government's antitrust case over…

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Vietnam will look into the "toxic" content on TikTok

TikTok is being investigated by Canadian privacy regulators in a joint federal and provincial investigation

Canada is launching a joint federal and provincial investigation into short-video app TikTok over concerns about the Chinese-owned platform's collection, use and disclosure of personal information, the Privacy Commissioner of…

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Toyota to begin production of electric SUV in US as early as 2025

Toyota Motor Corp will begin producing mid- to large-sized electric sports utility vehicles (SUVs) at its Kentucky plant as early as in summer 2025, aiming for monthly output of more than…

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Amazon Inc. posted quarterly sales and profit on Thursday that were ahead of estimates, expressing confidence in its cloud business despite a slowdown in consumer spending and highlighting how its ambitious cost-cutting measures were beginning to bear fruit.

Amazon Web Services collaborating with Hugging Face to target AI developers

Amazon Web Services (AWS), the cloud computing arm of Inc, on Tuesday said it is collaborating with startup Hugging Face, a software development hub, to make it easier to…

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