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Montenegro to extradite crypto entrepreneur Do Kwon to US
Montenegro said Friday it will extradite to the United States the South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul for the multi-billion-dollar bankruptcy of his company, Terraform Labs.... Read more
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OpenAI outlines plans to becoming for-profit company
ChatGPT-maker OpenAI laid out plans Friday for a new corporate structure shifting away from control by a non-profit—an issue of contention for the artificial intelligence trailblazer.... Read more
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Taiwan blocks Uber-Foodpanda merger over monopoly concerns
Taiwan has rejected ride-hailing giant Uber's plan to buy Delivery Hero's Foodpanda on the island, stating on Wednesday that the deal would significantly harm market competition.... Read more
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Musk's AI startup raises further $6 bn
Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest funding round, as it battles stiff competition in the artificial intelligence market.... Read more
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Telegram founder says messaging app profitable for first time
The founder and chief executive of the Telegram encrypted messaging app Pavel Durov said on Monday that the platform had recorded a net profit for the first time in 2024, with annual revenue exceeding $1 billion.... Read more
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US probes China chip industry on 'anticompetitive' concerns
The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other economies.... Read more
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Secretive game developer codes hit 'Balatro' in Canadian prairie province
There are no photos or videos of LocalThunk, an anonymous computer programmer who lives in the vast and desolate prairies of Canada's Saskatchewan province, far from Silicon Valley.... Read more
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Qualcomm scores key win in licensing dispute with Arm
A federal jury in the United States on Friday delivered a key win to mobile commputing titan Qualcomm in a licensing dispute with Arm, although proceedings between the chipmakers ended in mistrial.... Read more
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Google counters bid by US to force sale of Chrome
Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address antitrust concerns by barring the firm from making favorable treatment of its software a condition of licensing.... Read more
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Amazon, OSHA reach settlement over warehouse safety citations
Federal safety regulators have dropped nine of 10 citations accusing Amazon of putting warehouse workers at a high risk of injury, part of a settlement agreement that requires the company to continue finding ways to reduce injuries.... Read more
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El Salvador plans to sell or shut its crypto wallet
El Salvador will privatize or close the cryptocurrency wallet "Chivo" created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday.... Read more
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Australian behind false Bitcoin claim given suspended jail term
An Australian computer scientist who falsely claimed to be the founder of Bitcoin received a suspended jail sentence Thursday in Britain for contempt of court after breaching a judge's order.... Read more
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AI will continue to grow in 2025, but it may face major challenges along the way
In 2024, artificial intelligence (AI) continued taking large and surprising steps forward.... Read more
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Apple complains Meta requests risk privacy in spat over EU efforts to widen access to iPhone tech
Apple complained that requests from Meta Platforms for access to its operating software threaten user privacy, in a spat fueled by the European Union's intensifying efforts to get the iPhone maker to open up to products from tech rivals.... Read more
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Thousands of US Amazon staff strike days before Christmas
Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season.... Read more
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Retailers offer last-minute shoppers a Santa's little helper: AI
Say your nephew needs a Christmas present and you vaguely know what he's into these days. A new Gift Finder feature on the Best Buy app lets users ask questions like, "What can I get for a 10-year-old who loves Minecraft?"... Read more
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Sony buys 10% of 'Elden Ring' owner for $320 mn
Japanese electronics titan Sony said Thursday it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game 'Elden Ring'.... Read more
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Spain targets Airbnb in illegal ads probe
Spain's leftist government on Wednesday opened an investigation into holiday rental platform Airbnb for allegedly failing to take down adverts for thousands of apartments without a tourist license.... Read more
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US Supreme Court agrees to hear TikTok ban case
The US Supreme Court agreed on Wednesday to hear TikTok's appeal of a law that would force its Chinese owner to sell the online video-sharing platform or shut it down.... Read more
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Dutch authorities fine Netflix 4.75 mn euros over personal data use
Dutch authorities fined video streaming giant Netflix 4.75 million euros ($4.98 million) Wednesday over its handling of subscribers' personal data, which it said was unclear or incomplete in several respects.... Read more
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ChatGPT errors show it cannot replace finance professionals just yet
While large language models like ChatGPT can do well when choosing multiple-choice answers on financial licensing exams, they falter when dealing with more nuanced tasks.... Read more
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Amazon investing another $10 billion in Ohio-based data centers
Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio.... Read more
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One billion users, but controversies mount up for TikTok
TikTok's breakneck rise from niche video-sharing app to global social media behemoth has drawn intense scrutiny, particularly over its links to China.... Read more
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AI startup Databricks raises $10 bn as value soars
Young startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company's valuation to $62 billion.... Read more
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Travelers weigh in on weight-based airfares for eco-friendly skies
The holidays are in full swing and people are shopping, wrapping and packing to visit loved ones. Along with the extra fees for checked baggage and seat upgrades, some airlines are also considering weight-based pricing.... Read more
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China's Alibaba says to sell department store arm for $1.3 bn loss
China's Alibaba said Tuesday that it had agreed to sell department store chain Intime at a $1.3 billion loss, as the tech giant trims down its operations with competition intensifying in the country's cutthroat e-commerce market.... Read more
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Ireland fines Meta 251 mn euros over Facebook hacks
An Irish regulator helping police European Union data privacy on Tuesday said it had fined Facebook-owner Meta 251 million euros ($263 million) for a data protection failure that saw users' accounts hacked.... Read more
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Tech giant Meta will pay Australians $50 million for enabling the Cambridge Analytica scandal
The Australian Information Commissioner today announced a settlement with tech giant Meta over its involvement in the Cambridge Analytica scandal.... Read more
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Amazon ignored internal warnings of warehouse injuries, Senate probe finds
For years, Amazon has faced accusations that the pressure the company puts on its warehouse workers to work more quickly has led to higher rates of injuries.... Read more
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How are companies really using AI?
Generative artificial intelligence is transitioning from a curious toy to an indispensable tool that more companies are integrating into daily operations, according to a new report by Wharton School experts and marketing consultancy GBK Collective.... Read more
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Google seeks to undo Epic Games antitrust win over app store
Alphabet Inc.'s Google is asking a federal appeals court to throw out a ruling in an antitrust case brought by Fortnite-maker Epic Games that would force the search giant to overhaul its Play mobile app store.... Read more
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Inside Amazon's first Alaska delivery station
With Anchorage streets mostly empty early on a November morning, dozens of workers at the new Amazon delivery station used tiny devices on their fingers to scan barcodes on packages. Details appeared on smartphones on their forearms, helping them organize the flood of shipments.... Read more
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Canada watchdog sues Google over 'anti-competitive' ad tech
Canada's competition watchdog announced Thursday it was taking Google to court, accusing the company of "anti-competitive behavior" in online advertising.... Read more
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Uber and Bolt unveil women-only service in Paris
Two rival ride-hailing platforms announced on Thursday options allowing Parisian women to order a car driven by a female driver in a bid to ensure "greater safety" for its customers.... Read more
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Brazil's top court takes on regulation of social media
Brazil's Supreme Court on Wednesday started examining four cases that turn on how far social media should be regulated, and what responsibilities platforms have in cracking down on illegal content.... Read more
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Retrieve-Revise-Refine: A novel framework for retrieval of concise entailing legal articles
Artificial intelligence (AI) continues to redefine the boundaries of legal technology, offering to automate advanced tasks such as legal question answering and consultation. In the domain of statute law, a particular challenge is the task of retrieving the concise set of entailing legal articles to a query. In this context,... Read more
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Spanish media lawsuit against Meta to start in October 2025
A Madrid court set Wednesday an October 2025 trial date for a 550-million-euro lawsuit by more than 80 Spanish media against Facebook owner Meta for allegedly violating EU data protection rules.... Read more
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Samsung reshuffles leadership amid challenge in AI chips
Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production of microchips used for artificial intelligence servers.... Read more
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Vietnamese EV maker Vinfast reports $550 million Q3 loss
Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.... Read more
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Navigating the opt-in maze: Balancing transparency and persuasion in data consent
In the digital age, personal data is hugely valuable. Companies are eager to access this data, but regulations like the EU's General Data Protection Regulation (GDPR) require users' explicit consent. What GDPR doesn't specify, however, is how firms should ask for that consent. Some lean on transparency, while others sweeten... Read more
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AI optimizes hog farming profitability: Advanced machine learning streamlines market-timing decisions
Deciding when to bring a hog to market has never been an easy task.... Read more
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Social media firms raise 'serious concerns' over Australian U-16 ban
Australia's proposal to ban under-16s from social media platforms is "rushed", social media companies claimed Tuesday, expressing "serious concerns" about potential unintended consequences.... Read more
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Indonesia rejects Apple's $100 million investment offer
Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government.... Read more
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US-Google face off as ad tech antitrust trial comes to close
Google and the US government faced off in a federal court on Monday, as each side delivered closing arguments in a case revolving around the technology giant's alleged unfair domination of online advertising.... Read more
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As Amazon expands use of warehouse robots, what will it mean for workers?
Amazon has introduced a handful of robots in its warehouses that the e-commerce giant says will improve efficiency and reduce employee injuries.... Read more
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Hydropower decline due to climate change may increase price tag to decarbonize the grid
A new study warns that current plans to achieve zero emissions on the grid by 2050 vastly underestimate the required investments in generation and transmission infrastructure. The reason: These plans do not account for climate change's impacts on water resources.... Read more
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AI has been a boon for marketing, but the dark side of using algorithms to sell products and brands is little studied
Artificial intelligence is revolutionizing the way companies market their products, enabling them to target consumers in personalized and interactive ways that not long ago seemed like the realm of science fiction.... Read more
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Dogecoin is a joke—so what's behind its rally?
Rockets aren't the only thing Elon Musk is sending into the stratosphere.... Read more
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Closing arguments coming in US-Google antitrust trial on ad tech
Google and the US government will face off in a federal court on Monday, as each side delivers its closing arguments in a case revolving around the technology giant's alleged unfair domination of online advertising.... Read more
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Scammers exploit tiny typos to trick people into sending money to their crypto wallets
A team of cybersecurity researchers at Stony Brook University has uncovered a new way for scammers to steal from unsuspecting cryptocurrency users. They have posted a paper to the arXiv preprint server describing the new crypto scam and how users can protect themselves.... Read more