Shares are up 6.2% after the e-commerce collapse in China. After Alibaba Group Holding Ltd. announced the division of its business into six pieces, SoftBank Group Corp. shares surged in…

AI should not become another site for large companies. To prevent major technological platforms from controlling the industry, the US Federal Trade Commission is closely monitoring advancements in artificial intelligence.…

Redemption continues to far exceed coin issuance. Even after the company has returned deposits that were entangled in the SVB crisis, customers are still redeeming the Circle USDC Coin stablecoin…

A simple prompt can generate a three-second video. With still photographs, AI has come a long way. A startup company by the name of Runway AI Inc. now produces videos…

The automaker is looking for a mass-market electric car. A more affordable entry-level electric vehicle will be offered by Volkswagen AG for 20,000 euros ($21,340). The ID.1 model should debut…

Slower demand amid higher interest rates Because of the sales of its most costly vehicles and the counterbalancing effect of reduced pricing for entry-level luxury models, BMW AG anticipates 2023…

To outpace competitors like Microsoft Corporation and startup OpenAI, Google has unveiled new AI-powered services for its cloud computing customers. To entice AI firms to use their platforms, cloud computing…

Canada offers access to raw materials and clean energy. Volkswagen AG has decided to construct its first battery facility outside of Europe in Canada to hasten growth in the crucial…

The agency promotes telephone rules in outlying areas. The potential $30 billion market for direct-to-satellite phone calls has drawn Elon Musk’s SpaceX as well as rivals AT&T Inc. and AST…

Financials are under pressure. Following Credit Suisse Group AG’s announcement that it will borrow money from the Swiss central bank and attempt to buy back debt, European and US stock…