Crypto firm Paxos to face SEC charges, ordered to stop minting Binance stablecoin
The potential SEC charges came through what's known as a Wells notice, which informs firms of the results of an investigation pending charges.
CNBC Technology
Twilio to lay off about 1,500 employees, or 17% of its workforce
Twilio on Monday announced plans to cut about 1,500 employees, or around 17% of its workforce.
Meta's chief business officer will leave the company after 13 years
Meta's Chief Business Officer Marne Levine is stepping down after 13 years with the company, Meta announced in a release Monday.
Amazon's Zoox robotaxi now giving rides to employees on public roads in California
For now, the tests are limited to employees at Zoox's Foster City, California, headquarters.
Vietnamese EV maker VinFast says job cuts won't derail plans to start U.S. production
Vietnam's EV maker VinFast said that its U.S. plant is still on track to start production in 2024 despite a reduction of its U.S. head count.
British semiconductor bosses threaten to move overseas as U.S. and EU splurge on chips
U.K. semiconductor bosses are pleading with the government for subsidies amid fears that some chip firms will be forced to move overseas.
Chinese e-commerce giant PDD splashes on Super Bowl ad for its Temu U.S. shopping site
It is rare for a Chinese firm to buy a Super Bowl ad spot, which cost millions of dollars.
Elon Musk's Neuralink is under investigation for possible unsafe transport of contaminated hardware
Elon Musk's Neuralink under investigation by the U.S. Department of Transportation for allegedly handling contaminated hardware in an unsafe manner.
Radioligand therapy, a 'game-changer' for cancer treatment, forces manufacturers to race against a ticking clock
Radioligand therapy is a 'game -hanger' for cancer treatment, but it forces manufacturers to race against a ticking clock.
Crypto markets are undergoing a 'flight to quality,' says Goldman Sachs digital assets chief
Mathew McDermott, who leads the digital asset unit at Goldman Sachs, lays out how blockchain technology could enable greater liquidity across the marketplace.
Bill Gates: Nuclear waste is not a reason to avoid nuclear energy
In a wide-ranging interview with Handelsblatt, Bill Gates said that the existence of nuclear waste should not be a reason to avoid nuclear power.
Google employees criticize CEO Sundar Pichai for ‘rushed, botched’ announcement of GPT competitor Bard
In addition to a slide in its stock, Alphabet is facing criticism from employees following the announcement of its ChatGPT competitor this week.
Lyft stock is getting punished, down more than 35% after weak guidance
Lyft's CFO pointed to "seasonality and lower prices" to explain the guidance.
Amazon is the latest threat to Facebook as ad targeting suffers
Brands are shifting ad budgets away from Facebook and toward Amazon now that targeting users across social networks has become more difficult.
Lyft shares tank 30% after company issues weak guidance
Lyft shares fell more than 20% during after hours trading after issuing weak guidance in its earnings report on Thursday.
Bill Gates thinks A.I. like ChatGPT is the 'most important' innovation right now
Microsoft co-founder Bill Gates thinks AI software like ChatGPT is the most important innovation right now, and could change health care and education for good.
China's biggest chipmaker SMIC posts record 2022 revenue but warns of a tough year ahead
China's biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead.
Crypto exchange Kraken settles with SEC for $30 million, will close U.S. staking operation
Crypto exchange Kraken will settle with the SEC for $30 million and close its staking operation, which the SEC alleged was an unregistered offering.
Chinese e-commerce giant JD.com to launch ChatGPT-style product
JD.com said it will release an "industrial version" of ChatGPT called ChatJD. It will be a chatbot product focused on the fields of retail and finance.
SEC commissioner Peirce publicly rebukes her agency, Gensler on crypto regulation
In a public dissent, SEC commissioner Hester Peirce rebuked her agency's approach to crypto regulation, questioning whether the "hostile" regulator was right.
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