Tag Archives: technology
China Evergrande’s EV share sale deal lapses
By Summer Zhen HONG KONG (Reuters) - A share sale plan between China Evergrande New Energy Vehicle Group, the electric vehicle arm of property developer China Evergrande, and U.S.-listed NWTN has laps...
Jan 01, 2024
Baidu terminates purchase of JOYY’s live streaming business
By Summer Zhen HONG KONG (Reuters) - Chinese tech giant Baidu on Monday said it had terminated its share purchase agreement with Nasdaq listed JOYY Inc, according to a Hong Kong stock exchange filing....
Jan 01, 2024
TSMC gets pulled into Taiwan election fray at VP debate
TAIPEI (Reuters) - Taiwanese chipmaker TSMC was dragged into the election campaigning fray on Monday as vice presidential candidates argued over the company's overseas investments and whether tensions...
Jan 01, 2024
US Supreme Court’s Roberts urges ‘caution’ as AI reshapes legal field
By John Kruzel WASHINGTON (Reuters) - Artificial intelligence represents a mixed blessing for the legal field, U.S. Supreme Court Chief Justice John Roberts said in a year-end report published on Sund...
Dec 31, 2023
OpenAI annualized revenue tops $1.6 billion- The Information
(Reuters) - OpenAI's annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October, the Information reported on Saturday citing peop...
Dec 30, 2023
BlackRock, VanEck among asset managers that submitted updated filings for spot bitcoin ETF
By Suzanne McGee and Hannah Lang (Reuters) - Asset management firms hoping to be among the first to win regulatory approval to launch exchange traded funds (ETFs) tied to the spot price of bitcoin upd...
Dec 29, 2023
Sam Bankman-Fried will not face a second trial, U.S. prosecutors decide
NEW YORK (Reuters) -U.S. prosecutors said on Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankru...
Dec 29, 2023
BuzzFeed president Marcela Martin to resign
(Reuters) - BuzzFeed's Marcela Martin has announced her intention to resign as president effective Jan. 12 to pursue other opportunities, the digital media firm said on Friday. The company is unlikely...
Dec 29, 2023
Special Report-U.S. wants to contain China’s chip industry. This startup shows it won’t be easy
By John Shiffman and Joshua Schneyer WASHINGTON (Reuters) - WASHINGTON-Last year, a veteran Silicon Valley software executive took the helm of a startup in his native China, company records show. The ...
Dec 29, 2023
JD.com wins antimonopoly lawsuit against Alibaba
BEIJING (Reuters) -Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. The High Peop...
Dec 29, 2023
