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Morgan Stanley boosts managing director ranks after dealmaking revival
Wall Street expects another strong year as equity markets hit record highs and interest rates decline [NEW YORK] Morgan Stanley elevated 184 employees to the managing director rank this...
Google and Character.AI to settle lawsuits alleging chatbots harmed teens
Google and Character.AI, a California startup, have agreed to settle several lawsuits that allege artificial intelligence-powered chatbots harmed the mental health of teenagers.Court documents filed this week show that...
Holiday shoppers spent a record amount online, searching out deals amid economic anxiety
Consumers splurged this last holiday season, enticed by good deals even as they worried about growth and inflation. Online shoppers spent a record $257.8 billion during the holiday season...
Contributor: Tech can avert catastrophic fires. What’s missing is coordination
A year ago Los Angeles woke up to a red sky. Schools closed, and families packed into cars not knowing when or if they would return. In the end...
Elon Musk company bot apologizes for sharing sexualized images of children
Grok, the chatbot of Elon Musk’s artificial intelligence company xAI, published sexualized images of children as its guardrails seem to have failed when it was prompted with vile user...
Tesla dethroned as the world’s top EV maker
Elon Musk’s Tesla is no longer the top electric vehicle seller in the world as demand at home has cooled while competition heated up abroad. Tesla lost its pole...
The biggest startups raised a record amount in 2025, dominated by AI
The excitement around artificial intelligence led to a record year for certain types of fundraising. Silicon Valley’s AI companies secured record funding in 2025, even as investors advised startups...
This Long Beach studio is designing America’s cheapest EV truck
In an echoing Long Beach studio, an ambitious team of designers is trying to reinvent how electric vehicles are made. Slate Auto has assembled a team of EV engineers...
As gold hits records, Indians opt for bars and coins over jewellery
India’s gold demand fell 14 per cent year on year in the first nine months of 2025[MUMBAI] For nearly two decades, Mumbai homemaker Prachi Kadam marked every festive season...
SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and related infrastructure[BENGALURU] Softbank has completed its US$40...
Southern California has an unlikely AI mecca: the very industrial Vernon
Five miles south of downtown Los Angeles, a single industrial block in Vernon is drawing as much electricity as a small town.Inside a three-story, 242,000-square-foot building known as LAX01,...
China vows to stabilise grain, edible oil production in key meeting
Beijing seeks food security in the face of economic challenges and pressures from urbanisation[BEIJING] China must stabilise grain and edible oil production, improve grain varieties and enhance quality, state...