Technology

Brazil Supreme Court justice opens inquiry into Elon Musk, escalating dispute over misinformation

Brazilian Supreme Court Justice Alexandre de Moraes initiated an investigation into tech magnate Elon Musk on Sunday, the billionaire owner and…

Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024

The CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year.…

China’s Nio to expand battery swap services to gain an edge on EV infrastructure

BEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an…

Trump to be deposed in dispute with media company co-founders

Republican presidential candidate Donald Trump is scheduled to be deposed later this month by lawyers for co-founders of his social media company…

Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV

BEIJING — Shares of Chinese smartphone maker Xiaomi surged as much as 16% on Tuesday, the first trading day since…

Huawei’s profit doubled in 2023 as smartphone, autos business picked up

BEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product…

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud, to pay $11 billion in forfeiture

Watch Daily: Monday – Friday, 3 PM ET FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on…

Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up

BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model…

TikTok makes $2.1 million TV ad buy as Senate reviews bill that could ban app

TikTok has launched a $2.1 million advertising campaign with a clear message for senators in tough reelection fights this year:…

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the…