Ant’s surprise share buyback values firm at steep 75% discount to IPO
By Julie Zhu and Josh Ye HONG KONG (Reuters) -Ant Group on Saturday announced a surprise share buyback that values…
Technology
Robots say they won’t steal jobs, rebel against humans
By Emma Farge GENEVA (Reuters) -Robots presented at an AI forum said on Friday they expected to increase in number…
Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout
By Jonathan Stempel (Reuters) – Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover…
Twitter may face difficulties showing Meta stole trade secrets
By Jody Godoy (Reuters) – Twitter’s claim that Meta Platforms stole trade secrets to build its new microblogging site may…
China ends Ant Group’s regulatory revamp with nearly $1 billion fine
By Julie Zhu and Jane Xu HONG KONG (Reuters) -Chinese authorities announced on Friday a 7.12 billion yuan ($984 million)…
AI4Bharat researchers to raise $12 million from Peak XV, Lightspeed for own firm – sources
By Yuvraj Malik (Reuters) – Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and…
Tesla wants EPA to finalize tougher vehicle emissions rules
By David Shepardson WASHINGTON (Reuters) -Tesla wants the Biden administration to finalize more stringent vehicle emissions limits than those proposed…
Central bankers lay out digital currency cyber threat
By Marc Jones LONDON (Reuters) – The central bankers’ central bank, the Bank for International Settlements (BIS), has laid out…
Rivian’s stock rallies to highest in 2023 after posting strong deliveries
By Chibuike Oguh NEW YORK (Reuters) -Shares of Rivian Automotive surged more than 18% on Friday as it continued to…
Crypto firm Gemini sues DCG after conflict over unit’s restructuring deal
By Niket Nishant and Hannah Lang (Reuters) -Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued…