Finance

Computer researchers in China using domestically made graphics processors have achieved a near-tenfold boost in performance over powerful US supercomputers that rely on Nvidia’s cutting-edge hardware, according to a peer-reviewed study. The accomplishment points to possible unintended consequences of Washington’s escalating […]

Binance and the US Securities and Exchange Commission (SEC) asked a federal judge to stay the regulator’s lawsuit against the cryptocurrency exchange, according to a court filing, citing the potential impact of a newly launched task force. The motion to request […]

Music was blaring and people were cheering at the Artificial Intelligence Action Summit in Paris on Monday as French President Emmanuel Macron declared France is “back in the AI race.” The bold call comes after Macron touted a 109 billion euro ($112.8 billion) […]

Crowdfunding has emerged as one of the fastest-growing financial channels in Saudi Arabia, with platforms doubling in size annually and surpassing SR3 billion ($800 million) in capital last year, according to a top official. During a panel discussion at the […]

Nestlé is launching a new product under its Purina PetCare line, which owns six billionaire brands, including Friskies and Purina One, as the consumer goods company doubles down on its “big bets.” The Swiss giant will launch a new caramel […]

illionaire investor David Tepper increased his positions in a number of China-related stocks and exchange-traded funds (ETFs) last quarter, despite uncertainties about tariffs and China’s slow economic growth. The president and founder of Appaloosa Management, who said in September that […]

Luigi Mangione, the 26-year-old Maryland man accused of stalking and murdering UnitedHealthcare CEO Brian Thompson while Thompson was on his way to a work conference with investors in New York City, has thousands of financial backers for his legal defense. A fundraiser […]

Italy’s second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank’s M&A overtures. Net profit attributable to the group came in at 1.969 billion euros ($2.03 billion) in the fourth quarter, compared with […]

Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, the Wall Street Journal reported on Monday. The bid is for the nonprofit that oversees the artificial intelligence startup, the Journal reported, adding that Musk’s […]

Dongfeng Motor Group Co. surged almost 90% in Hong Kong after the Chinese automaker said its parent company plans to restructure, a move investors speculated could kick start a wave of consolidation in the nation’s ultra-competitive car market. Dongfeng Motor […]