News
Alibaba bids US$1.5 billion for China grocer in fight with Meituan
Published Fri, Jun 12, 2026 · 10:12 AM[HONG KONG] Alibaba Group Holding is offering US$1.5 billion to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part...
Microsoft’s Xbox plans significant layoffs as it transforms under new CEO
The layoffs are expected shortly after the close of the company’s fiscal year on Jun 30, according to sourcesPublished Thu, Jun 11, 2026 · 07:16 AM[NEW YORK] Microsoft’s Xbox...
Musicians shortchanged by AI deals with labels, lawsuit alleges
Musicians have been left out of settlements between major record labels and AI companies, a new lawsuit alleges.The American Federation of Musicians of the United States and Canada (AFM),...
US stocks: Wall Street gains as chips rebound, Middle East tensions ease
Published Mon, Jun 8, 2026 · 10:49 PMWALL Street’s major indexes advanced on Monday (Jun 8), as chipmakers bounced back from a sharp selloff last week, while investors took...
Why does California have strong economic growth but high unemployment?
California, the epicenter of the artificial intelligence boom, continues to grow its economy faster than the nation, but more people are losing their jobs and the cost of living...
Martin Scorsese is betting on AI to transform the storyboarding process
Oscar-winning director Martin Scorsese is joining the ranks of entertainment industry power players embracing generative AI.Black Forest Labs, the German AI startup behind the text-to-image model Flux, announced Tuesday...
Aspiration co-founder sentenced to 14 years for fraud
The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over $248 million.The startup, an eco-friendly digital banking...
Trump signs an executive order to vet top AI models for national security risks
WASHINGTON — President Trump signed an executive order Tuesday directing the federal government to establish a voluntary early review process for the country’s most advanced artificial intelligence models, following a months-long...
‘People are getting hurt’: OpenAI sued by Florida over alleged safety risks
Florida sued OpenAI and its chief executive, Sam Altman, on Monday, alleging that the San Francisco tech company failed to inform people about the dangers posed by its popular...
AI company Anthropic files to list shares, heating up race with OpenAI
Anthropic, the company behind the powerful artificial intelligence chatbot Claude, has filed to get ready to list its shares. The development comes days after it raised $65 billion, valuing...
