Loading… Loading… Loading… AfterMicrosoft MSFT PresidentBrad Smithdismissed the development of any super-intelligent Artificial Intelligence (AI) within the next 12 months, the tech giantannounced a $3.2 billion investment in the U.K. What Happened: Microsoft'sU.K. investment is for artificial intelligence infrastructure and training, which will be spread over the upcoming three years. This marks the company's largest
Montana lawmakers passed a bill on Friday banning TikTok from operating in the state amid growing concerns about the app’s suspected ties to the Chinese government. The bill was passed by the state House in a 5443 vote and now heads to Gov. Greg Gianforte’s desk. If Gianforte signs it into law, Montana will become
Development risk — NASA says SpaceXs next Starship flight could test refueling tech SpaceX appears on track for at least a preliminary propellant transfer test next year. Stephen Clark – Dec 6, 2023 1:06 am UTC Enlarge / A crane is attached to one of several Starship test vehicles at SpaceX’s Starbase facility in South
Loading… Loading… The Ronin crypto wallet mobile app integrated Binance Pay to its interface, enabling users to directly import funds from Binance exchange accounts to their wallets. What Happened: Ronin is one of the first few wallets using this new technology, after Binance Web3 Wallet and Trust Wallet. This feature allows users to automatically convert
Remember the EV3? — The Morgan XP-1 is an extremely eccentric English electric vehicle The three-wheel convertible EV weighs little so should actually be quite efficient. Alex Goy – Dec 6, 2023 9:00 am UTC Enlarge / The British car company Morgan is unashamedly throwback in many regards, but it hasn’t forgotten about electrification.Morgan reader
Homes in Hercules, California, US. Bloomberg | Bloomberg | Getty Images After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.17% from 7.37%,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK ministers are set to pick veteran TV executive Samir Shah as BBC chair to replace Richard Sharp, the former Goldman Sachs banker who resigned this year. Shah has had a 40-year career in TV
The Bitcoin Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains. ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5, according to CoinGecko data. ORDI is up 216%
The city of Chicago and its Sales Tax Securitization Corporation won The Bond Buyer’s 22nd annual Deal of the Year award for its $1.7 billion financing that addressed initiatives related to affordable housing, homelessness support services, environmental justice, and community development. The issuance, which was the Deal of the Year in the Midwest category, included
Municipals improved amid a large new-issue slate pricing in the primary while U.S. Treasuries were back in the black and equities were mixed throughout the day. Triple-A yields fell three to four basis points, depending on the scale, while USTs saw the largest gains out long. The primary market is robust this week, with several
itsskin | Getty High interest rates have pushed many would-be home sellers and buyers to the sidelines in 2023. Yet there are signs both sides may be more willing to take on a high-rate mortgage if other key factors aligned. More than half — 54% — of homeowners said they would move if they found
Loading… Loading… Loading… Standard Chartered ADR SCBFY Bank (China) announced itinitiated the offering of digital yuan exchange services to customers. What Happened: The multinational banks China division is working with City Bank Clearing Services to give customers access to the digital yuan's interconnection platform, offering recharge and redemption. The digital yuan is China's central bank
Loading… Loading… Loading… Artificial Intelligence is likely to be adopted in the coming years across all major industry sectors, but its the banking industry that analysts believe has the most to gain. While banks are likely less attractive places of employment for AI technologists than developers such as Amazon.com Inc AMZN or OpenAI, financial services
so very wrong — Texas sues Pfizer with COVID anti-vax argument that is pure stupid Texas Attorney General Ken Paxton struggles with relative vs. absolute risk. Beth Mole – Dec 4, 2023 11:13 pm UTC Enlarge / Texas Attorney General Ken Paxton.Getty | Brett Coomer/Houston Chronicle reader comments 178 Texas Attorney General Ken Paxton sued
Family matters — Hackers stole ancestry data of 6.9 million users, 23andMe finally confirmed Majority of impacted users are now being notified, 23andMe confirmed. Ashley Belanger – Dec 4, 2023 10:48 pm UTC EnlargeBloomberg / Contributor | Bloomberg reader comments 92 It’s now been confirmed that an additional 6.9 million 23andMe users had ancestry data
Convergence — Dont count on NASA to return humans to the Moon in 2025 or 2026, GAO says No surprise: SpaceX’s lunar lander and Axiom’s spacesuits pace the Artemis III schedule. Stephen Clark – Dec 4, 2023 11:43 pm UTC Enlarge / A crescent Earth rises over the horizon of the Moon in this view
Loading… Loading… Loading… Forbes, known for celebrating the achievements of young entrepreneurs, disclosed its eponymous "30 Under 30" list of finance leaders. Of the individuals who made the list, 14 slots were occupied by professionals either working in or with ties to the crypto sector. The number is down from the prior years crypto bull
Bitcoin (BTC) has seen a mass profit-taking event which rivals its $69,000 all-time highs, new analysis reveals. In a post on Dec. 5, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged billions of dollars heading to exchanges. Bitcoin speculators sell as if all-time highs are back BTC price gains have
Close up of Chinese Yuan notes, with Mao Tse-tung Peter Dazeley | The Image Bank | Getty Images China’s recent policy support is aimed at fixing its system and shouldn’t be seen as economic stimulus, according to Societe Generale’s Asia chief economist and head of research. “Actually, to be frank, I don’t think anything [that]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Airbus has said the group “might need some support” from European governments for a new, multibillion-dollar commercial aircraft programme as it gears up for a successor to its best-selling A320 family of