The A.I. Election, Bitcoin’s Wall Street Debut and TikTok’s Doodad Era
“Two truly terrible ways to make money this week.”
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Microsoft hits $3T market value for first time as it chases Apple
Microsoft’s stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world’s second most valuable company, just behind iPhone maker Apple. Microsoft and Apple shares have been vying for the top spot as the most capitalized stock on Wall Street since the start of the year, with…
Alphabet’s X division lays off dozens of workers to further cut costs
Google parent Alphabet will reportedly lay off dozens of workers in a secretive division that develops new technology as part of the search giant’s broader cost-cutting push. In recent months, the division, called X Lab, has been in talks with venture capitalists, sovereign wealth funds and private equity firms on funding, people familiar with the matter…
Cruise Says Hostility Toward Regulators Led to Grounding of Its Autonomous Cars
Cruise, the driverless car subsidiary of General Motors, said in a report on Thursday that an adversarial approach taken by its top executives toward regulators had led to a cascade of events that ended with a nationwide suspension of Cruise’s fleet. The roughly 100-page report was compiled by a law firm that Cruise hired to…
Russian gamers race to prevent nuclear ‘war’
Story highlights Latest craze in Moscow is war game in which players race to find nuclear codes Russian officials are playing on fears, staging a mass nuclear drill CNN — “Attention! Attention!” blares the Russian voice from a loudspeaker. “The nuclear bombs will be launched in one hour.” Inside a room styled as a Soviet-era…
‘Extremely dangerous’ leak reveals 26 billion account records stolen from Twitter, LinkedIn, more: ‘Mother of All Breaches’
One of the largest data breaches to date could compromise billions of accounts worldwide, prompting concerns of widespread cybercrime. Dubbed the “Mother of All Breaches,” the massive leak revealed 26 billion records — including popular sites like LinkedIn, Snapchat, Venmo, Adobe and X, formerly Twitter — in what experts are calling the biggest leak in…