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US launches new probe into legacy Chinese chips as tech pressure on Beijing escalates

US launches new probe into legacy Chinese chips as tech pressure on Beijing escalates

Finance News

China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models.  Niphon | Istock | Getty Images The Biden administration on Monday said it launched a new probe into legacy Chinese semiconductors that may go into everything from cars to household goods and defense systems. China “routinely […]

US launches new probe into legacy Chinese chips as tech pressure on Beijing escalates Read More »

What Google’s quantum computing breakthrough Willow means for the future of bitcoin and other cryptos

What Google’s quantum computing breakthrough Willow means for the future of bitcoin and other cryptos

Finance News

Google’s recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we think about the risk in cryptocurrencies. Willow’s speed

What Google’s quantum computing breakthrough Willow means for the future of bitcoin and other cryptos Read More »

House Democrats say GOP caved to Musk in funding bill, protecting his China interests

House Democrats say GOP caved to Musk in funding bill, protecting his China interests

Technology News

Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024.  Benoit Tessier | Reuters House Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their Republican colleagues in Congress caved to the demands of Elon Musk, sinking a

House Democrats say GOP caved to Musk in funding bill, protecting his China interests Read More »

FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea, expanding use in U.S.

FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea, expanding use in U.S.

Business News

An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.  Shelby Knowles | Bloomberg | Getty Images The Food and Drug Administration approved Eli Lilly‘s blockbuster weight loss drug Zepbound for treating patients with the most common sleep-related breathing disorder, the drugmaker announced

FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea, expanding use in U.S. Read More »

Elon Musk endorses far-right Alternative for Germany party in upcoming election

Elon Musk endorses far-right Alternative for Germany party in upcoming election

Finance News

Tesla CEO Elon Musk, a meagdonor and adviser to President-elect Donald Trump, is now seeking to influence Germany’s election, posting an endorsement on X of the country’s far-right Alternative for Germany (AfD) party. In a post Thursday night, Musk wrote, “Only the AfD can save Germany.” Musk, who has over 200 million listed followers on

Elon Musk endorses far-right Alternative for Germany party in upcoming election Read More »

Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge

Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge

Business News

Jason Wilk Source: Jason Wilk Jason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm. It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los

Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge Read More »

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud

Business News

Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Friday sued the operator of

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud Read More »

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