Alibaba and its US digital payment processor have agreed to pay 600 million dollars to resolve a federal investigation into whether they failed to prevent the sale and importation of illegal pharmaceuticals and controlled substances, the Justice Department said on Wednesday. Alibaba entered into a non-prosecution agreement to end a probe of alleged violations of […]

Together AI has raised 800 million dollars in a Series C round led by Aramco Ventures, valuing the company at more than eight billion dollars. The round also drew Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital, Pegatron, and SentinelOne’s S Ventures. Together AI says it now generates more than one billion dollars […]

SpaceX showed investors a prototype of a handset-like AI device before its record IPO, according to The Wall Street Journal. The prototype is reportedly slimmer than an iPhone, runs on a proprietary operating system, integrates technology from xAI, and uses a Qualcomm Snapdragon chipset. Elon Musk has denied the report, calling it “utterly false” on […]

Ashton Kutcher is leaving Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a new venture capital firm with Morgan Beller, according to TechCrunch. The new firm will target early-stage investments in AI infrastructure, energy, and deep tech, areas where Kutcher believes the next generation of transformative companies will be […]

Hyundai and Kia have unveiled an in-vehicle sanitization system that uses far-ultraviolet light to kill bacteria and viruses inside a car cabin, even while passengers are present. The technology, called Plasma Care UVC, is what the companies describe as the first system of its kind designed for production vehicles. Conventional ultraviolet sterilization poses a risk […]

Honda has begun producing batteries for energy storage systems at its Ohio factory, according to a report from Nikkei Asia. The plant was originally built to supply cells for electric vehicles the company cancelled three months ago. Those batteries are now headed to data centres instead of driveways. The shift follows Honda’s decision in March […]

A Brazilian banking trojan called Ousaban is going after Windows users who bank in Spain and Portugal, using fake PDFs, geofencing, and a payload hidden inside an image to steal credentials without triggering security tools. Fortinet’s FortiGuard Labs identified the campaign in May and published its analysis this week. The attack starts with a phishing […]

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Krafton has agreed to pay bonuses to the entire staff of Unknown Worlds Entertainment, the studio behind Subnautica 2, after reaching a legal settlement with the company’s chief executive and co-founders. CEO Ted Gill told Bloomberg he is stepping down as part of the deal. “We mutually agreed to part ways,” Gill said. The settlement […]

Every summer the world’s most powerful central bankers decamp to a hillside town outside Lisbon to argue about the economy in relative calm. This year the argument had a single organising subject, and it was not inflation in the usual sense. It was artificial intelligence, and specifically the awkward fact that nobody in the room […]