Business news

Business

Crypto fraudster Bankman-Fried faces sentencing

Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history.

Business

Amazon pours an additional $2.75 billion into AI startup Anthropic

Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion.

Consumer & Gadgets

Two new video game studios form with 'Star Wars' and id Software pedigrees

Video game studios like other tech industry has seen plenty of tumult this year. Publishers have announced several layoffs while others have said they will refocus their approach. That means plenty of talent is out there, ...

Business

Amazon's pharmacy will offer same-day delivery in LA and NYC and plans to expand

Amazon will soon offer same-day delivery of several prescription medications in Los Angeles and New York, yet another example of the online shopping giant's bet on consumers' growing dependence on ease and speed.

Business

California looks to Europe to rein in AI

California, home to Silicon Valley, is eager to rein in the deployment of artificial intelligence and is looking to Europe's tough-on-big-tech approach for inspiration.

Business

Alibaba withdraws Hong Kong IPO for logistics arm

Chinese e-commerce titan Alibaba is withdrawing a planned initial public offering for its logistics arm Cainiao, the company said Tuesday, as a major company overhaul faces setbacks.

Business

Bankrupt FTX sells stake in hot AI startup Anthropic

FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880 million, a court filing said on Monday.