Alameda Executives Saw $10 Billion Cash Gap Months Before Collapse
Alameda Research’s former Co-Chief Executive Officer Caroline Ellison estimated there was a more than $10 billion cash deficit
2023-07-21 07:49
Extreme Heat, Weather Conditions Attributed to Stagnant Jet Stream
It’s no coincidence that extreme heat is engulfing huge swaths of Asia, Europe and North America all at
2023-07-21 07:23
China’s $100 Billion Tutoring Ban Backfires, Spawning Black Market
President Xi Jinping’s attack on China’s after-school tutoring industry was meant to ease the burden on households. But
2023-07-21 06:18
Digital Currency Group Is Said Near Deal to Sell CoinDesk to Investor Group
Digital Currency Group is nearing a deal to sell its media company CoinDesk to an investor group, according
2023-07-21 03:15
FTC to Pause Microsoft Merger Trial, Opening Door to Settlement Talks
The US Federal Trade Commission is poised to pause its in-house trial against Microsoft Corp.’s $69 billion acquisition
2023-07-21 02:51
Top US Consumer Watchdog Plots More Regulation for AI in Lending
The top US consumer financial watchdog is sharpening his focus on lenders’ use of artificial intelligence when making
2023-07-21 02:15
OpenAI Backs Idea of Requiring Licenses for Advanced AI Systems
An internal policy memo drafted by OpenAI shows the company supports the idea of requiring government licenses from
2023-07-21 01:17
Jefferies Says Banks Are Failing to Price in Water Risk
As extreme heat dominates news headlines, the gate-keepers of global capital are failing to keep pace with a
2023-07-20 23:18
Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack
The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities. At least
2023-07-20 22:21
Startup Cerebras Takes on Nvidia With Chain of AI Supercomputers
Startup chipmaker Cerebras Systems Inc. announced that it’s built the first of nine artificial intelligence supercomputers with money
2023-07-20 21:30
Infosys Cuts Sales Forecast as Companies Curtail IT Spending
Infosys Ltd. cut its annual sales forecast, signaling companies are delaying discretionary technology spending amid fears of an
2023-07-20 18:56
US-China Climate Dealmaking Hinges on Two Diplomats’ Deep Ties
For roughly a quarter century, US climate envoy John Kerry and his Chinese counterpart, Xie Zhenhua, have sought
2023-07-20 18:49