Technology

Genesis sues Gemini over $689 million in customer withdrawals

NEW YORK (Reuters) -Crypto lender Genesis Global on Tuesday sued partner Gemini Trust Co, seeking to recover more than $689 million that customers of the companies withdrew during a "run on the bank" that caused Genesis to collapse into bankruptcy.

Technology

Binance sees $956 million in outflows after Zhao steps down to settle U.S. probe

(Reuters) -Investors pulled about $956 million from crypto exchange Binance over the past 24 hours, data firm Nansen reported on Wednesday, a day after its chief, Changpeng Zhao, stepped down and pleaded guilty to breaking U.S. anti-money laundering laws.

Technology

US lawmakers ask SEC to scrutinize Musk comments on Neuralink

(Reuters) - Four U.S. lawmakers have asked the Securities and Exchange Commission to investigate whether Elon Musk committed securities fraud by allegedly misleading investors about the safety of a brain implant being developed by the billionaire’s firm Neuralink, according to a letter to the regulator.

Technology

Analysis-Temu, Shein far lag Amazon as online holiday shopping ramps up

NEW YORK (Reuters) -Upstart online retailers Temu.com and Shein are drawing millions of window-shoppers to their websites this holiday season, but they far lag market leader Amazon.com where it counts - turning those visits into actual sales.

Technology

Factbox-'Boomerang' CEOs of major companies

(Reuters) - Sam Altman reached an agreement with OpenAI to return as CEO on Wednesday, after a tumultuous few days following his ouster by the company's board. He joins a list of big name "boomerang" chief executives who have made comebacks at a later date.

Technology

German court ruling could cost Intel billions of euros in subsidies - state minister

BERLIN (Reuters) - The negative court ruling on German finances last week could cost Intel billions of euros in subsidies for planned chip-making plants in the state of Saxony-Anhalt, the state economy minister was quoted as saying by magazine WirtschaftsWoche.

Technology

Indian foodtechs Zomato, Swiggy get notice for $90 million in unpaid taxes -CNBC TV18

BENGALURU (Reuters) - India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees ($90 million) to food delivery companies Zomato and Swiggy, CNBC-TV18 reported on Wednesday, citing sources.

Technology

Spain's watchdog clears Amazon, Booking.com, Tripadvisor over fake reviews

(Reuters) - Spain's anti-trust watchdog on Wednesday cleared Amazon, Booking Holdings and Tripadvisor of participating in or facilitating fake reviews on their websites.

Driverless vehicle

Tesla driver’s family can seek punitive damages over fatal crash

Tesla Inc’s trial over a 2019 fatal crash blamed on Autopilot will include a claim against the company for punitive damages, a Florida judge ruled, citing evidence that shows chief executive officer Elon Musk and staff engineers knew its driver-assistance system was defective.

Technology

Reaction to Sam Altman's return as OpenAI CEO

(Reuters) - OpenAI said on Tuesday it had reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the center of the artificial intelligence boom.

Technology

OpenAI's new-look board as Altman returns

(Reuters) -ChatGPT-maker OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, and also agreed in principle to partly reconstitute the board of directors that had dismissed him.

Internet

Icann: Polarised world threatens open Internet

After 25 years of keeping the Internet strong and stable, the nonprofit Icann – responsible for its technical infrastructure – is warning that increasingly polarised geopolitics could start cracking the foundations of the online world.

Video games

Steam store adds full support for PS4 and PS5 controllers

Steam has pushed an update expanding full controller support on the platform to both PlayStation DualShock and DualSense controllers.

AI

OpenAI says ousted CEO Sam Altman to return to company behind ChatGPT

The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, the latest in a saga that has shocked the artificial intelligence industry.

Internet

‘Fines are king’: County in China imposes ‘uncivilised behaviour’ penalty for squatting while eating and not making beds, divides opinions online

New policy aims to address unsanitary living conditions in region. Moves spark debate over government overreach into private lives.

Technology

Sam Altman to return as OpenAI CEO after his tumultuous ouster

SAN FRANCISCO (Reuters) -Sam Altman is returning as CEO of OpenAI just days after his ouster, capping frenzied discussions about the future of the startup at the center of an artificial intelligence boom.

AI

Tencent eyes China’s multibillion dollar healthcare sector with social media and AI models

Other previous products launched by Tencent Healthcare cover both consumer and business-facing software, such as an AI medical imaging product called Miying. At stake is China’s online healthcare market, which is expected to be worth US$311.5bil by 2026, according to ResearchAndMarkets.com.

AI

ChatGPT rolls out voice chat feature to all users for free

OpenAI has announced that ChatGPT's voice chat feature will now be available to all mobile users for free.

AI

Fake AI porn leads to real harassment in US high schools

When Ellis, a 14-year-old from Texas, woke up one October morning with several missed calls and texts, they were all about the same thing: nude images of her circulating on social media.

Internet

Male ex-teacher in SG who sent multiple victims sexually explicit material gets 20 weeks’ jail

A male former secondary school teacher was sentenced to 20 weeks’ jail on Nov 22 after he assumed fake identities online and sent multiple victims sexually explicit material.