Technology

Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

Coinbase plans to offer crypto-linked derivatives in the European Union, and it’s planning to acquire a company with a license…

Microsoft, OpenAI sued for copyright infringement by nonfiction book authors in class action claim

Two nonfiction book authors sued Microsoft and OpenAI in a would-be class action complaint alleging that the defendants “simply stole”…

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

Coinbase, Crypto.com, Gemini and other cryptocurrency exchanges are warning users in the U.K. that they’ll need to start filling out…

BYD’s five best-selling cars, including one edging out Tesla’s Model Y in China

BEIJING — BYD has overtaken Tesla again by the sheer number of new energy vehicles produced in 2023, thanks in…

‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with…

Ex-Trump lawyer Michael Cohen says he unwittingly sent AI-generated fake legal cases to his attorney

Michael Cohen, Donald Trump’s onetime personal lawyer and fixer, says he unwittingly passed along to his attorney bogus artificial intelligence-generated…

China’s Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla

BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete…

AI boom fails to propel China’s cloud market growth

BEIJING — Excitement over artificial intelligence isn’t yet fueling a boom in cloud services spending in mainland China. “The Chinese…