TOKYO (AP) — Asian shares declined Tuesday on heavy selling of property and technology shares. U.S. futures slipped and oil prices were little changed. Hong Kong’s Hang Seng dropped 2.4% to 16,238.79, while the Shanghai Composite lost 1.7% to 2,972.30 as worries flared over weakness in the Chinese economy. Japan’s benchmark Nikkei 225 slipped 1.4% … Read more
Tech leaders have been vocal proponents of the need to regulate artificial intelligence, but they’re also lobbying hard to make sure the new rules work in their favor. That’s not to say they all want the same thing. Facebook parent Meta and IBM on Tuesday launched a new group called the AI Alliance that’s advocating … Read more
The sudden ousting of Sam Altman as CEO of OpenAI has rocked Silicon Valley and the tech industry. The future of advanced artificial intelligence has created controversy across the industry, and Altman has been a voice asking for regulation. OpenAI’s unusual structure underscores the confusion current and potential customers might have about the startup’s future … Read more
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more
Thousands of people have paid $2,500 for full-body MRI scans from Prenuvo, whose technology can detect more than 500 conditions. The scans take about an hour and are reviewed by one of Prenuvo’s licensed radiologists. “When you’re catching stage one cancer, what you’re doing will save lives,” said Prenuvo CEO Andrew Lacy. Prenuvo MRI machine … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) on October 20, 2023 in New York City. Spencer Platt | Getty Images Stock futures ticked higher on Monday morning as traders looked ahead to the release of corporate earnings from tech industry behemoths. Futures tied to the Dow Jones Industrial Average rose … Read more
The Federal Communications Commission on Thursday agreed to open a band of spectrum for some devices in a move that could help pave the way for new applications of augmented and virtual reality wearables. The agency unanimously voted to open the 6 GHz band to what it calls “a new class of very low power … Read more
The criminal trial of FTX founder Sam Bankman-Fried continued on Monday, with the crypto firm’s former engineering director Nishad Singh taking the stand. Singh said he frequently complained to Bankman-Fried that the company’s spending “wreaked of excessiveness.” Singh said he owned around 6% or 7% of FTX, making him a paper billionaire before the company … Read more
In its roundup of top tech predictions for 2024 and beyond, CCS Insight said that it expects smartphone makers to begin producing phones with “self-healing” displays within five years. The way this could work is by incorporating a “nano coating” on the surface of the display that, if scratched, creates a new material thSat reacts … Read more
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more