U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday. The Department of Justice did not believe the 56 million shares of Robinhood, worth about $465 […]
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Microsoft Corp is in advanced talks to invest in Gatik, a California-based autonomous driving startup, as part of its cloud partnership with the company, two people familiar with the discussions told Reuters. Microsoft plans to invest over $10 million in a financing round that values Gatik at more than $700 million, the sources added. As […]
Microsoft Corp is in the works to launch a version of its search engine Bing using the artificial intelligence behind OpenAI-launched chatbot ChatGPT, The Information reported on Tuesday, citing two people with direct knowledge of the plans. Microsoft could launch the new feature before the end of March, and hopes to challenge Alphabet-owned search engine […]
Africa is a hub of digitalization. Over the last decade, the continent has proven itself a worthy opponent in the technology race by rapidly adopting technology and innovations. As a result, it implemented practical solutions for the challenges its governments and industries face to better efficiencies, remove barriers, and explore new products or services. The […]
Shopify Technologies Inc on Tuesday launched a new service aimed at big retailers that will allow them to select tools and services the Canadian tech giant offers and integrate it with their own online platform. The company said it had signed up toymaker Mattel Inc for the product, and was looking to bring other enterprise […]
Chipmaker Nvidia Corp and electronics manufacturer Foxconn announced a partnership on Tuesday to develop autonomous vehicle platforms. Taiwanese contract manufacturer Foxconn said it will manufacture electronic control units (ECUs) for cars based on Nvidia’s DRIVE Orin chip made specifically for computing in connected and autonomous vehicles. The ECUs will serve the global automotive market, Foxconn […]
South Korea said on Tuesday it plans to offer large tax breaks to semiconductor and other technology companies investing at home to strengthen its supply-chain security while boosting the economy. Companies making capital investment at home would be given up to a 35% tax deduction which would help companies save more than 3.6 trillion won […]
India has proposed a body for the online gaming industry to regulate itself as concerns rise over the addictiveness of games and as patchy state laws disrupt business, in draft amendments to its information technology rules published on Monday. The proposal comes after a government panel recommended new rules to regulate a sector estimated to […]
Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduction of its workforce as the advertising market cratered. Days later he was back working, seeking investment for his own company Nulink, a blockchain-based payment company, and sent pitches to startup accelerator Y […]
China’s tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue remained flat, suggesting that its sales decline due to U.S. sanctions had come to a halt. Despite sales increasing a mere 0.02%, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed the figure. […]