Business News

Bankman-Fried presided over the collapse of FTX, and was implicated in witness tampering following the start of his criminal case in 2022.

A new study of the extent to which "smart utility meters" can improve energy efficiency in manufacturing finds that the willingness of managers actually to make use of the technology is a key driver in reducing energy consumption and related costs.

China is the biggest electric vehicle market in the world, a battle royale featuring both established carmakers as well as upstarts such as Xiaomi, which launched its first EV on Thursday.

Artificial Intelligence (AI) is one of the most powerful tools developed in recent decades. And, as the saying goes, with great power comes great responsibility.

Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world's second most popular place to trade digital currency. It collapsed almost as quickly. By the fall of 2022, it was bankrupt.

Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry's collapse. The founder and former CEO of the massive cryptocurrency exchange FTX was sentenced to 25 years in prison Thursday after being convicted of fraud for stealing at least $10 billion from customers and investors. The collapse of one of the largest crypto exchanges in the world shook the digital currency world and sent prices plunging.

The Dutch government on Thursday unveiled a plan worth 2.5 billion euros to retain global firms like chip giant ASML amid fears of a far-right clampdown on immigration.

Amazon.com Inc. plans to spend almost $150 billion in the coming 15 years on data centers, giving the cloud-computing giant the firepower to handle an expected explosion in demand for artificial intelligence applications and other digital services.

Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday following his conviction in one of the biggest financial fraud cases in history.

PG&E is pushing forward with quests to help bolster Silicon Valley's economy and innovation future, including major South Bay and East Bay electricity projects, utility officials have said.

YouTube’s plan to lure more shortform creators is paying off.

China’s Horizon Robotics, a provider of in-car technologies to major automakers like Volkswagen and BYD, has filed to sell an undisclosed amount of shares

Alibaba announced on Tuesday that it is canceling the planned Hong Kong IPO for its logistic arm Cainiao in an unexpected move, with chairman Joe Tsai

Chinese automakers could increase their combined share of the electric vehicle market in Europe to 11% in 2024 from 7.9% last year, with that number set

Short video-sharing platform Douyin has recently launched a standalone app for its e-commerce business, aiming to enhance operations amidst increasing

Sega has sold Relic Entertainment and has cut 240 jobs from its European division and several studios.

A German court ruled Thursday that auto giant Mercedes-Benz knowingly installed emissions-cheating devices in some diesel vehicles, opening the door for owners to seek compensation.

Swedish video game group Embracer said Thursday it was selling Gearbox Entertainment, the developer of the popular first-person shooter franchise "Borderlands", to US company Take-Two for $460 million.

“The inescapable, fundamental problem with plastic: it scratches.”

The AI officers will have to ensure transparency of AI use in government.