Technology
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South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom
The 33 billion won figure was about a quarter more than the 26 trillion committed last year.
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Apple, Google, Cash App alums ditch Big Tech to build on bitcoin, fueled by VC money and friendly White House
In Austin, Apple, Google, and Cash App alums ditch big paychecks for bitcoin, backed by VCs, crypto friendly policy and…
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Tesla shares retreat following sharpest rally since 2013
After soaring 23% on Wednesday due to President Trump's pause on most new tariffs, Tesla shares dropped on Thursday along…
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Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day
With shares of Tesla plummeting on tariff concerns, CEO Elon Musk is taking to social media to slam top Trump…
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French fintech Pennylane doubles valuation to $2.2 billion as Alphabet’s venture capital arm takes stake
Accounting software startup Pennylane has raised 75 million euros ($83 million) in a new funding round led by Sequoia Capital.
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Microsoft AI chief Suleyman sees advantage in building models ‘3 or 6 months behind’
Training the top models in the world is very expensive and can duplicate previous work, said Mustafa Suleyman, CEO of…
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De minimis trade loophole that boosted Chinese online retailers to end May 2
The announcement, which came alongside a set of sweeping new tariffs, gives customs officials, retailers and logistics companies a month…
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Amazon resumes drone deliveries after two-month pause
Amazon has resumed making drone deliveries in Texas and Arizona after it halted the program earlier this year.
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Elon Musk must face Twitter shareholders’ lawsuit over alleged securities fraud
A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court, a judge ruled…
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Alibaba has staged a quiet $100 billion rally — AI and Jack Ma’s return are at the heart of it
Alibaba founder Jack Ma has returned to the spotlight as China's political environment for tech improves. Alibaba's successes in AI…
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