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.

Business

Riding high on AI, Nvidia is no bubble, says Wall Street

The emergence of AI bots like OpenAI's ChatGPT and Google's Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world's fourth biggest company by ...

Internet

Five things to know about Reddit

Wall Street will see one of the year's most highly anticipated IPOs this week, when the nearly two decade old social media platform Reddit goes public, set for Thursday.

Business

TikTok and its 'secret sauce' caught in US-China tussle

As a US campaign to sever TikTok from its Chinese parent heads to the Senate, analysts say Beijing's response to a forced sale of the app—and its 'secret sauce' algorithm—will be clear: Hands off.

Business

US House overwhelmingly passes TikTok ban bill

The US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to divest from its Chinese owner or get banned from the United States.

Business

US House to vote on TikTok ban

The US House of Representatives will vote Wednesday on a bill that would force TikTok to cut ties with its Chinese owner or get banned in the United States.