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Hackers steal .5 billion from exchange Bybit in biggest-ever crypto heist

Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

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Ben Zhou, chief executive officer of ByBit, during the Token2049 conference in Singapore, on Thursday, Sept. 14, 2023.  Joseph Nair | Bloomberg | Getty Images Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history. The attack […]

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Block shares plunge 17%, head for worst day in 5 years after earnings miss

Block shares plunge 17%, head for worst day in 5 years after earnings miss

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Marco Bello | AFP | Getty Images Block shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors. In its financial report late Thursday, Block reported earnings of 71 cents per share, falling

Block shares plunge 17%, head for worst day in 5 years after earnings miss Read More »

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage

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Products of Hims & Hers displayed. Hims & Hers Shares of Hims & Hers Health tumbled more than 23% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved. Semaglutide is the active ingredient in Novo Nordisk’s blockbuster weight loss drugs Wegovy and diabetes treatment Ozempic. Those

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage Read More »

Elon Musk has a problem with X’s Community Notes when he disapproves of the results

Elon Musk has a problem with X’s Community Notes when he disapproves of the results

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Elon Musk, CEO of Tesla and SpaceX and owner of social media platform X, speaks at the Conservative Political Action Conference at the Gaylord National Resort Hotel and Convention Center in Oxon Hill, Maryland, Feb. 20, 2025. Andrew Harnik | Getty Images For X owner Elon Musk, the solution to monitoring misinformation online has been

Elon Musk has a problem with X’s Community Notes when he disapproves of the results Read More »

How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI

How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI

Finance News

Chinese artificial intelligence lab DeepSeek roiled markets in January, setting off a massive tech and semiconductor selloff after unveiling AI models that it said were cheaper and more efficient than American ones.  But the underlying fears and breakthroughs that sparked the selling go much deeper than one AI startup. Silicon Valley is now reckoning with

How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI Read More »

Amazon to gain creative control of James Bond franchise from Broccoli family

Amazon to gain creative control of James Bond franchise from Broccoli family

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Daniel Craig stars as James Bond in “No Time To Die.” Source: MGM Amazon is set to take creative control over the lucrative James Bond movie franchise from the Broccoli family, the company announced Thursday. The James Bond films have long been produced by Michael Wilson and Barbara Broccoli, who inherited the control from their

Amazon to gain creative control of James Bond franchise from Broccoli family Read More »

OpenAI tops 400 million users despite DeepSeek’s emergence

OpenAI tops 400 million users despite DeepSeek’s emergence

Finance News

Brad Lightcap of OpenAI. Courtesy: OpenAI OpenAI appears to be growing quickly despite increasing competition.  The San Francisco-based tech company had 400 million weekly active users as of February, up 33% from 300 million in December, the company’s chief operating officer, Brad Lightcap, told CNBC. These numbers have not been previously reported. Lightcap pointed to

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Chinese smartphone firm Oppo launches slim ,870 folding phone to rival Samsung, Huawei

Chinese smartphone firm Oppo launches slim $1,870 folding phone to rival Samsung, Huawei

Finance News

Oppo’s new Find N5 folding smartphone on display at a press briefing in London. Ryan Browne | CNBC Chinese smartphone firm Oppo has unveiled its new flagship folding phone Thursday, touting a slimmer body and artificial intelligence-focused features in a bid to compete with high-end foldable devices from the likes of Samsung and Huawei. The

Chinese smartphone firm Oppo launches slim $1,870 folding phone to rival Samsung, Huawei Read More »

Law firm repping Tesla drafts Delaware bill that could salvage Musk pay package

Law firm repping Tesla drafts Delaware bill that could salvage Musk pay package

Finance News

Elon Musk leaves after a meeting with Indian Prime Minister Narendra Modi at Blair House, in Washington, D.C., U.S., February 13, 2025.  Nathan Howard | Reuters A law firm that represents Tesla and Elon Musk has written proposed legislation that would alter Delaware corporate law, according to a person directly familiar with the drafting of

Law firm repping Tesla drafts Delaware bill that could salvage Musk pay package Read More »

Huawei launches ,660 trifold phone outside of China as it charts international comeback

Huawei launches $3,660 trifold phone outside of China as it charts international comeback

Finance News

A Huawei Technologies Mate XT smartphone arranged in Hong Kong on Sep. 24, 2024. Lam Yik | Bloomberg | Getty Images Huawei launched its trifold smartphone outside of China on Tuesday, as it plots a comeback in international markets after getting hammered by U.S. sanctions. The Mate XT will have a starting price tag of

Huawei launches $3,660 trifold phone outside of China as it charts international comeback Read More »

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