A French-led backlash led to a U.S. economist withdrawing from a top European Union antitrust job on Wednesday, a move some economists said risks undermining competition policy-making.
U.S. financial technology companies are tightening their lending standards, a move that has bolstered their access to debt financing from Wall Street investors, according to industry executives.
EU antitrust regulators have extended their deadline for a decision on Amazon’s $1.7 billion acquisition of robot vacuum cleaner maker iRobot to Dec. 13 after the companies requested more time.
The U.S. Securities and Exchange Commission (SEC) has accepted applications to create spot bitcoin exchange-traded funds from six firms including BlackRock for review, the first step in the agency’s process for deciding whether or not to approve the latest round of proposals.
A group of tech industry actors including Meta , Microsoft and Intel and France’s Atos have teamed up to form an ethernet consortium in a bid to build up networks suited for artificial intelligence, Atos announced on Wednesday.
Activision Blizzard and Microsoft on Wednesday extended the deadline for the close of their $69 billion deal by three months to Oct. 18 as the American companies work to secure UK approval for the biggest gaming deal in history.
French bank Societe Generale has become the first company in France to obtain a license for crypto services, as a growing number of mainstream financial companies embrace crypto globally this year.
Britain’s competition regulator provisionally cleared U.S. tech company Broadcom’s $69 billion purchase of VMware on Wednesday, saying the deal would not weaken competition in the supply of critical computer server products.
In a dimly lit recording studio in Seoul, producers at the K-pop music label that brought the world hit boy group BTS are using artificial intelligence to meld a South Korean singer’s voice with those of native speakers in five other languages.
The head of the U.S. agency responsible for animal welfare has told lawmakers that it did not find any violations of animal research rules at Elon Musk’s Neuralink beyond a 2019 incident the brain implant company had already reported.
