Chinese e-commerce giant Alibaba has pledged to spend more than $50 billion on artificial intelligence over the next three years. CNBC | Evelyn Cheng SHANGHAI — Chinese tech giant Alibaba is already recouping its investment on artificial intelligence in the company’s e-commerce business, vice president Kaifu Zhang told reporters on Thursday. The Chinese tech giant…
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Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images Upgrade, the online lender started by LendingClub founder Renaud Laplanche, has raised a new round of funding that values the startup at $7.3 billion. The company said in a press release on Thursday that…
Untere Schleuse wooden bridge in Thun, Switzerland. Education Images | Universal Images Group | Getty Images Switzerland’s government on Thursday cut its 2026 economic forecast for the country, citing the Trump administration’s punitive tariffs as a “heavy burden” on its industries. Officials held their forecast for the Swiss economy to expand by 1.3% this year,…
Richard Linklater likes to joke that if he and Ethan Hawke didn’t know each other so well, Hawke probably would have punched him during the making of “Blue Moon.” The two Texans have been friends and collaborators for over 30 years. They had made eight films together when they started “Blue Moon,” about the lyricist…
Julio Rodriguez hit a 2-run HR, leading the Seattle Mariners to an early lead over the Toronto Blue Jays <
Once viewed with fear and skepticism, airport biometric screenings are now preferred and even expected by global travelers, according to a report by the air transport technology company Sita. “The more passengers use it, the more they like it,” the report stated. Globally, the number of people who haven’t used biometric technology at airports dropped…
A Paypal logo is seen displayed on a smartphone next to cryptocurrency coins. Sopa Images | Lightrocket | Getty Images Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” Market watchers had spotted the enormous injection of the…
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Joachim Nagel, Germany’s central bank governor and ECB member, shares his latest thoughts on inflation and the possibility of rate hikes in the euro zone. Bloomberg | Bloomberg | Getty Images European Central Bank Governing Council member Joachim Nagel said that while inflation will remain sticky, the current path for interest rates remains clear. Speaking…
