Alibaba's revamp puts renewed focus on Ant Group's suspended IPO
The latest overhaul in Alibaba's business announced overnight could be seen as calls for renewed interest for the $34.5 billion listing of Ant Group.
CNBC Technology
Alibaba to split into 6 units and explore IPOs; shares up 14% in the U.S.
Alibaba said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public.
Sam Bankman-Fried paid over $40 million to bribe at least one official in China, DOJ alleges in new indictment
FTX co-founder Sam Bankman-Fried paid over $40 million in bribes to at least one Chinese government official, federal prosecutors alleged in a new indictment.
Apple launches its Pay Later service
Apple on Tuesday introduced Apple Pay Later, which will allow users to split their purchases into four payments spread over six weeks.
Microsoft introduces an A.I. chatbot for cybersecurity experts
Chatbots using generative AI models aren't always accurate. But Microsoft is hoping to make its Security Copilot more accurate with user input.
Disney cuts metaverse division under Iger's restructuring
Disney has cut its metaverse division as part of the layoffs that will begin this week.
Amazon sellers are using ChatGPT to help write product listings in sprawling marketplace
ChatGPT is being used by Amazon sellers to write listings, come up with catchy titles and brainstorm new products.
4G internet is set to arrive on the moon later this year
The aim is to show that terrestrial networks can meet the communications needs of future space missions.
Elon Musk says only verified users will show up in Twitter's recommendation feed in further shake-up
Elon Musk announced that, going forward, only verified accounts will show up in the "For You" recommendation section of Twitter.
Binance and founder Changpeng Zhao violated compliance rules to attract U.S. users, CFTC alleges
The CFTC alleged that Binance violated federal law to solicit U.S. users for millions in revenue, a potentially existential threat to the exchange.
Amazon seller consultant admits to bribing employees to help clients; will plead guilty
In 2020, federal officials charged six individuals, including Ephraim Rosenberg, with conspiracy to commit bribery.
Starlink rival OneWeb aims for global satellite internet coverage after passing a key milestone
Internet satellite company OneWeb is aiming to roll out coverage globally after successfully launching an additional 36 satellites Sunday.
Microsoft says its new version of Teams is twice as fast
Microsoft is starting to test its new version of Teams for Windows. The new version will be twice as fast, the company said.
Huawei reportedly says it has developed domestic chip design tools despite U.S. sanctions
Huawei along with other domestic firms, created electronic chip design tools required to make semiconductors at 14 nanometers and above, a top exec said.
Apple CEO Tim Cook meets with China's commerce minister on supply chain
Apple CEO Tim Cook met with a top China commerce official, Wang Wentao, to discuss China's reopening and broader supply chain issues.
How Walmart is using A.I. to make shopping better for its millions of customers
Walmart is using the massive amount of data it collects to make the shopping experience better through A.I.
Activision shares jump as British competition regulator drops key concern on Microsoft takeover
The U.K.'s competition regulator on Friday said it has narrowed the scope of its investigation into Microsoft's takeover of Activision.
Twitter source code leaked online, court filings show
Pieces of the computer code used to run Twitter were leaked online, according to court filings.
Bitcoin is poised to blow up Africa's $86 billion banking system
CNBC spoke to entrepreneurs in Nigeria and South Africa who have integrated the Lightning Network into mobile money.
The crypto exchange this 26-year-old launched in 2019 has done $1.75 billion in transactions
Co-founders Chris Maurice and Justin Poiroux launched Yellow Card, the largest centralized crypto exchange in Africa from their dorm room in Auburn, Alabama.
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