Big Day for Crypto Goes South After Bybit Hack
Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.
Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.
“Elon Musk is willing to spend a phenomenal amount of money and basically do everything he can to stay with the head of the pack on A.I. progress.”
The end of a court fight with the largest U.S. crypto company would be a big win for an industry that financially backed President Trump.
The company said a Chinese operation had built the tool to identify anti-Chinese posts on social media services in Western countries.
Law enforcement in the country was pressuring the company to create a tool that would act like a back door into customers’ data.
The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.
Mr. Musk, one of President Trump’s main advisers, has not outlined a plan to reverse falling sales at the electric car company of which he is chief executive.
Tech start-ups typically raised huge sums to hire armies of workers and grow fast. Now artificial intelligence tools are making workers more productive and spurring tales of “tiny team” success.
"This is the kind of opportunity for industry transformation that really only comes about once every several decades," Alibaba's CEO told analysts.