By Saqib Iqbal Ahmed NEW YORK Investors are piling into bullish options bets on the shares of Rivian

xQc acknowledged feeling nervous about being one of the first to join Kick but saw it as a significant opportunity

By Max A. Cherney (Reuters) -Chip technology design maker Imagination Technologies plans to lay off 20% of the company’s staff,

SAN DIEGO--(BUSINESS WIRE)--Jul 20, 2023--

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Amazon on Thursday reported a quarterly profit that trounced market expectations, driven by strong sales helped by its...

Mastercard says it is helping banks to stop payment scams in their tracks, before funds leave a victim’s account. The payments provider said that in partnership with UK banks including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and TSB, it is using payments data to help identify payment scams. Mastercard’s new tool helps banks to get an instant rating that shows the risk of a payment being made to a fraudulent account. This is based on factors such as account activity and the relationship between the payer and payee. Ajay Bhalla, president of cyber and intelligence at Mastercard, said: “We are helping banks identify and predict which payments are being made to fraudsters and stop them in real-time.” Spotting fraudulent payments among millions made every day is like finding a needle in a haystack Paul Davis, TSB Over four months, TSB said that Mastercard’s tool has increased its fraud detection. Paul Davis, director of fraud prevention at TSB, said: “Spotting fraudulent payments among millions made every day is like finding a needle in a haystack, with scams becoming ever more complex – so prevention and monitoring tools are key. “Our partnership with Mastercard is providing the intelligence needed to identify fraudulent accounts and prevent payments ever reaching them.” The Financial Ombudsman Service recently said it is seeing a higher proportion of complex scam complaints, with some involving investments or cryptocurrency. It is seeing increasing numbers of complaints which contain the features of more than one scam. For example, someone may be duped by a romance scammer who then persuades them to invest in cryptocurrency schemes which do not exist. Or someone may attempt to pay for goods which do not exist and then receive a phone call from a scammer impersonating their bank who persuades them to make multiple payments by claiming their payment attempts have been unsuccessful. Many banks are currently signed up to a voluntary reimbursement code in cases where blameless scam victims transfer money to a fraudster, but there have been concerns about this not always being applied consistently. TSB has its own fraud refund guarantee. Plans are under way to make reimbursement mandatory. The Payment Systems Regulator (PSR) has said new rules compelling banks to reimburse scam victims who have been tricked into paying fraudsters will come into force next year. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Art historian helps build new Assassin’s Creed game after son’s suggestion Twitter to stop TweetDeck access for unverified users Broadband customers plagued by issues despite inflation-busting price hikes

WILMINGTON, Del.--(BUSINESS WIRE)--Jun 13, 2023--

SINGAPORE--(BUSINESS WIRE)--Jun 15, 2023--

Brand new AI shoes have grabbed online attention as the stompers claim to enable wearers to be the "world's fastest shoe" that allows users to "walk at the speed of run." The "Moonwalkers" can accelerate the wearer's walking speed up to 11 km/h (seven miles per hour), a 250 per cent speed increase which means those who use them can walk up to 2.5 times faster. Shift Robotics, an American start-up is the company behind the motorised shoe, and while there are wheels on the design but you don't need to worry about maintaining your balance as they are not like rollerblades because they are not freewheeling and are secured with a magnetic buckle. Sign up to our free Indy100 weekly newsletter While the AI's algorithm picks up on the user's walking behaviour in under 10 steps as it adapts your walking gait. In terms of battery life, the shoes can be charged anywhere, anytime, with any USB-C PD charger and can be fully charged within 1.5 hours for over 6 miles of range. Demonstration videos of the Moonwalkers in action quickly went viral on TikTok as people, with one clip receiving 25.6m views. @shiftrobotics What Are Moonwalkers??? ? ? Moonwalkers are the world’s fastest shoes that allow you to walk up to 7 mph, thats slightly double your average walking speed! ? ? Do you think this is the future of transportation? ?♂️ ? #transportation #transportationdesign #moonwalkers #eshoes #electricshoes #worldsfastestshoes #ShiftRobotics #newtech #newgadgets #electrictransport #electrictechnology The company’s founder and CEO, Xunjie Zhang came up with the Moonwalkers concept after he was almost hit by a car while commuting to work on a scooter. "Like the moving walkways you see in airports, with every step you're making, the conveyer belt moves underneath your feet," Zhang explained to Insider. "The faster you walk, the faster the shoes walk with you". Zhang, who has a Master's in mechatronics from Carnegie Mellon University, worked alongside a team of race car engineers, roboticists, and footwear designers who took five years to build the shoes. People from ages 15 to over 60 have tested the shoes out and Zhang told the publication they were able to walk in the shoes "pretty proficiently" within 10 to 15 minutes of getting them on. On the product's Kickstarter crowdfunding page, it reads: "...a lot of people don't rely on walking. This is surprising, considering it's much safer, more convenient, and better for the environment. Plus it requires no added skill like bikes or skateboards." "The problem is that it was just too slow and inefficient. So we made it our mission to enhance walking instead of replacing it." So far, $329,409 has been raised on the Kickstarter page since it launched in October last year. If you're interested in a pair of the Moonwalkers, they are only available in the US and a pair costs $1399 shift robotics according to Insider, the company has received over 2,000 orders for them as of May 2023. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

BIRMINGHAM, England--(BUSINESS WIRE)--May 14, 2023--

UPDATE: Jun. 21, 2023, 12:50 p.m. EDT We've updated this post with the best prices