Charlie Javice, the 33-year-old founder of fintech startup Frank, has been sentenced to just over seven years in federal prison after being convicted of defrauding JPMorgan Chase in its $175 million acquisition of her company. In March, a jury found Javice and her former chief growth officer, Olivier Amar, guilty on three counts of fraud […]
Masayoshi Son is placing what may be the most ambitious wager of his career — transforming SoftBank into a global leader at the heart of the artificial intelligence revolution. Son predicts that artificial superintelligence (ASI) — technology 10,000 times more intelligent than humans — could arrive within the next decade. Known for high-stakes moves, such […]
Apple has reported stronger-than-expected fiscal fourth-quarter results, setting the stage for what could be its most successful December quarter in history — powered by exceptional demand for the newly launched iPhone 17 lineup. The company’s shares rose in after-hours trading following the announcement, as Apple’s forecast surpassed market expectations and highlighted solid performance across several […]
Binance CEO Richard Teng has strongly denied allegations that the world’s largest cryptocurrency exchange aided in promoting a Trump-affiliated stablecoin prior to former CEO Changpeng “CZ” Zhao’s presidential pardon. The controversy centers on a $2 billion investment Binance received from Abu Dhabi’s sovereign wealth fund, MGX, which was reportedly settled using USD1, a stablecoin developed […]
Artificial intelligence has become a major catalyst for digital advertising growth, propelling industry giants like Meta and Alphabet to deliver quarterly sales and earnings that exceeded market forecasts. Meta CEO Mark Zuckerberg credited AI for driving “greater efficiency and gains across our ad system,” helping push second-quarter revenue up 22% year-over-year to $47.52 billion. Meta […]
Microsoft’s Outlook email service experienced a major disruption this week, with users across the globe facing hours of downtime on Wednesday and Thursday. The issue began around 6:20 p.m. ET on Wednesday, affecting Outlook.com as well as its mobile and desktop applications. Users flooded social media with complaints, sharing error messages and screenshots showing “something […]
Former U.S. President Donald Trump has unveiled a sweeping national strategy to assert American dominance in artificial intelligence, vowing to eliminate “woke AI” models from federal use and transform the U.S. into a global AI export leader. This initiative was marked by the signing of three executive orders focused on AI development, neutrality, and innovation. […]
Nvidia issued a strong warning on Thursday about the use of unauthorized AI chips in underground data centers, calling the practice both technically flawed and economically unsustainable. The statement followed a recent investigative report alleging that over $1 billion worth of Nvidia’s high-performance chips have been illicitly funneled into China. “Building data centers using smuggled […]
For decades, sci-fi series like Star Trek and novels such as The Hitchhiker’s Guide to the Galaxy envisioned universal translators — futuristic devices that could instantly convert one language into another. What once belonged to the realm of fiction is now becoming a reality. During its latest iPhone event, Apple showcased a dream scenario for […]
REDMOND, Wash. — Microsoft announced on Friday that it will raise the retail prices of several Xbox consoles in the U.S. starting October, citing the impact of a shifting macroeconomic environment. The company clarified that accessories such as controllers and headsets will remain unaffected, and pricing across other countries will stay unchanged. Although Microsoft did […]