Massachusetts securities regulators have opened an investigation into the way investment firms use artificial intelligence in their interactions with investors in the state, citing concerns about the technology’s growth and potential unchecked use.
The U.S. Securities and Exchange Commission on Thursday said it had obtained emergency relief to halt Utah-based Digital Licensing Inc’s crypto asset fraud scheme involving 18 defendants.
Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group and a Samsung investment fund, among others.
Apple’s high-yield savings account offered by its partner Goldman Sachs has reached over $10 billion in customer deposits, the technology giant said on Wednesday.
Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone and collateralized by Nvidia chips, with the funds to be used to expand to meet rising AI workload, the company said on Thursday.
Israeli fintech Vesttoo is considering the removal of its chief executive and chief financial engineer, its board said in a statement on Thursday, following a fake collateral scandal which analysts said could impact the wider insurance market.
Wix.com , which helps small businesses build and operate websites, swung to a net profit in the second quarter that was more than double forecasts and raised estimates for 2023.
A Moscow court fined Apple 400,000 roubles ($4,274) on Thursday for not deleting “inaccurate” content about what Russia calls a “special military operation” in Ukraine, Russian news agencies reported.
India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect, a move that could hit hard the likes of Apple, Dell and Samsung and force them to boost local manufacturing.
Foxconn has rapidly expanded its presence in India by investing in locations in the south of the country for its manufacturing facilities, as the Taiwanese giant seeks to move away from China.
