International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last year’s collapse of the FTX exchange that fuelled concerns over consumer protection.
Blackstone is in talks with companies including Microsoft and Amazon to build Indian data centres for them to meet growing storage and processing demand, the CEO of its Lumina CloudInfra data centre platform told Reuters.
Citizens Bank, one of the largest U.S. regional banks, will pay a $9 million civil penalty to resolve charges it mismanaged customers’ credit card disputes and fraud claims, the Consumer Financial Protection Bureau said on Tuesday.
Spruce Point Capital Management said on Tuesday it was short on ad technology firm Perion Network , as it had concerns about the accuracy of the company’s “financial reporting, efficacy of its product suite, and the sustainability of its growth.”
China plans to build world-class advanced factory clusters in the Beijing-Tianjin-Hebei region focused on products such as electric vehicles and robots, it said on Tuesday, as the country seeks to confirm its global competitiveness.
The European Union and the United States are set to step up cooperation on artificial intelligence with a view to establishing minimum standards before legislation enters force, the EU’s tech chief Margrethe Vestager said on Tuesday.
French President Emmanuel Macron will meet Sam Altman, the Silicon Valley businessman who rose to fame with ChatGPT, on Tuesday to discuss the place of France and Europe in the global race for artificial intelligence (AI), his office said.
Lordstown Motors Corp on Tuesday announced a reverse stock split to meet Nasdaq listing norms and appease investor Foxconn , which has threatened to scrap a crucial $170 million funding for the struggling electric-vehicle maker.
Anthropic, an artificial intelligence startup backed by Google parent Alphabet Inc , said on Tuesday it had raised $450 million, in the latest sign of a recovery in the startup funding space.
