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U.S. tightens exports of AI chips and tools to China
The Biden administration has tightened regulations of exports of artificial intelligence chips and chipmaking tools to China, it announced Friday....
The top 1%’s wealth hits a record $44.6 trillion
At the end of 2023's fourth quarter, the total wealth of the top 1% richest people in America broke records...
Millions of AT&T customers’ data leaked to dark web
A data breach at AT&T has resulted in more than 70 million current and former customers' private information being leaked...
Report: Smartphone market will rebound this year
Smartphone shipments across the globe are forecast to rise 3% this year, according to a report from Counterpoint Research, thanks...
Crypto exchange founder gets 25 years for fraud
Sam Bankman-Fried, the cofounder of the defunct crypto exchange FTX, was sentenced Thursday to 25 years in prison for defrauding...
U.S. economic growth upgraded to 3.4%
Despite previously estimating a 3.2% growth pace, the U.S. government said Thursday that the economy actually grew at a 3.4%...
SEC wins lawsuit against Coinbase
A judge in Manhattan federal court ruled Wednesday in favor of the Securities and Exchange Commission in its lawsuit against...
Insurers prepare for billions in losses after bridge collapse
Although it's too early to determine the complete financial losses in conjunction with Tuesday's bridge collapse in Baltimore, insurance companies...
Amazon adds $2.75B to funding for AI startup
Amazon announced Wednesday that it is investing an additional $2.75 billion in Anthropic, an artificial intelligence company, bringing the total...
Visa, Mastercard limit swipe fees in class-action settlement
As a result of a class-action settlement, credit card giants Visa and Mastercard will restrict "swipe fees" charged to merchants...
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