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There’s a new trade war brewing – over global dominance in the electric car market | World News
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There’s a trade war brewing between China and the West, at stake is who will dominate the global market for electric vehicles. Outside the port city of Ningbo, Chinese car company Zeekr is rolling out luxury EVs and growing fast. The factory has only been up and running for three years, but this year it’s…
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Arm Holdings IPO: UK-based chip designer valued at £43.6bn ahead of eagerly awaited return to the stock market | Business News
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UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) value ahead of its eagerly anticipated return to the stock market later on Thursday. Shares in the firm, majority-owned by Japan’s SoftBank Group, are scheduled to start trading today on the Nasdaq in New York. High demand from investors meant it was able to sell…
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AI market faces investigation by UK competition regulator | Business News
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A review of the artificial intelligence (AI) market has been launched by the UK competition watchdog. Competition and Markets Authority (CMA) chief executive Sarah Cardell said the regulator’s goal was “to help this new, rapidly scaling technology develop in ways that ensure open, competitive markets and effective consumer protection.” The probe would include the models behind…
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‘Monopoly Market’ taken offline as international raids target dark web drugs traders | Science & Tech News
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Fifty-five people have been arrested in the UK as part of an international crackdown on illegal drugs and goods trading on the dark web. Almost 300 suspects have been detained in total, across countries including the US (153), Germany (52), the Netherlands (10), Austria (nine), France (five), Switzerland (two), Poland and Brazil (one each). They…
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International sting takes down one of world’s biggest online criminal marketplaces Genesis Market | Science & Tech News
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Twenty-four people have been arrested in the UK after an international operation took down one of the world’s biggest online criminal marketplaces. Genesis Market hosted 80 million account credentials and digital footprints stolen from devices of more than two million people, and users could buy “bots” containing the information. The most expensive of them would…
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Crypto.com moves to bolster confidence as market reels from FTX collapse | Business News
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The boss of cryptocurrency exchange Crypto.com has hit out at “naysayers” questioning its financial health as the market jitters after the collapse of rival exchange FTX. Kris Marszalek, chief executive of Singapore-based crypto.com, insisted it had a robust balance sheet and took no risks after investors took to Twitter over the weekend to question a…
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Elon Musk debuts Tesla’s first humanoid robot with eye on mass market | Business News
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Elon Musk has unveiled a prototype of Tesla’s humanoid robot Optimus, which the electric car maker aims to mass produce in the millions and sell for under £18,000. The billionaire tycoon said he expected the company would be ready to take orders in three to five years. Musk said the venture could outstrip that of…