FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023. Fatih Aktas/ | Anadolu Agency | Getty Images Federal prosecutors have submitted a request to a judge on Thursday, seeking the removal of five charges against alleged cryptocurrency fraudster Sam Bankman-Fried. The charges …
Zepz, the parent company of popular money transfer brands WorldRemit and Sendwave, is actively seeking mergers and acquisitions following a recent reduction in its workforce. The company’s CEO, Mark Lenhard, revealed to CNBC that Zepz, with a valuation of $5 billion and prominent investors like Accel, TCV, and Leapfrog, aims to expand its portfolio of …
In this image, we can see a busy six-lane road in Beijing near Sanyuanqiao on April 15, 2023. Image Source: Picture Alliance | Getty Images BEIJING — Xpeng, the renowned Chinese electric car brand, announced on Thursday that it has received approval to introduce assisted driving technology to users in Beijing, the capital city of …
Larry Ellison, the chairman and technology chief of Oracle, spoke at the Oracle OpenWorld conference in San Francisco on September 16, 2019. The company’s recent success has caught the attention of Wall Street and investors. Oracle shares have been rising steadily, reaching a record high for the fifth consecutive day and the eighth time this …
Chinese electric car manufacturer, Nio, announced on Monday that it will be reducing the prices of its vehicles by $4,200 and will no longer offer free battery swaps for new buyers. This decision contradicts CEO William Li’s previous statement in April, where he claimed that the company would not engage in a “price war.” The …
Livestream shopping has become a booming industry in the US, creating a market worth $512bn globally. Livestream shopping involves vendors showcasing their wares in real-time to viewers who can ask questions and make purchases instantly. Major firms such as Poshmark, TikTok and eBay have launched or are testing their own platforms for the service. CEO …
Samsung is a ubiquitous presence in households across America, with its gadgets and appliances in nearly three-quarters of homes. However, the company is much more than that, namely a major player in memory chips for digital data storage. Despite a recent downturn in the memory chip market, Samsung has found growth in the semiconductor market …
On June 6, 2023, SkySat captured an image of the breached Kakhovka dam in Ukraine. This image was published by Planet, a satellite-imagery and data-analysis company. However, shares of Planet fell after the company slashed its annual revenue guidance, following its first-quarter results released on Thursday. Planet lowered its guidance for fiscal-year 2024 revenue from …
The CEO of Palantir, Alex Karp, is opposed to the idea of pausing artificial intelligence (AI) research, which some of the biggest names in the tech industry support. Karp believes that a pause in AI research on models larger than GPT-4, which powers tools such as ChatGPT, could lead to adversaries stealing a lead in …
Binance’s struggles in the United States continue as the exchange announced that its customers would no longer be able to purchase crypto using U.S. dollars on its platform starting June 13. The decision was made as Binance’s payment and banking partners signaled their intent to pause USD fiat channels. The move comes in the midst …