Business

Bankrupt FTX sells stake in hot AI startup Anthropic

FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880 million, a court filing said on Monday.

Automotive

Flying taxis braced for takeoff at Dubai Airshow

Flying taxis have been a sci-fi fixture for decades, but one operator says they are finally close to reality, first in the United States and then the United Arab Emirates and India.

Business

Musk found not liable in Tesla tweet trial

Jurors on Friday cleared Elon Musk of liability for investors' losses in a fraud trial over his 2018 tweets falsely claiming that he had funding in place to take Tesla private.

Automotive

Aston Martin losses deepen despite rising car sales

British luxury carmaker Aston Martin Lagonda on Wednesday revealed its third-quarter net losses more than doubled on supply-chain disruptions, offsetting accelerating sales.

Automotive

Ford unveils venture with chip company to boost supply

Ford announced Thursday a "strategic collaboration" with chip company GlobalFoundries to bolster its supply of semiconductors as the automaker grapples with a global shortage of the crucial components.

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