Amazon Faces Full-Scale EU Antitrust Probe Over iRobot Acquisition
Amazon Faces Full-Scale EU Antitrust Probe Over iRobot Acquisition
June 23, 2023  |  Amazon

Amazon is reportedly facing a full-scale EU antitrust investigation over its $1.7 billion acquisition of iRobot, the maker of the popular Roomba vacuum cleaner introduced in 2002. Get...

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OpenAI CEO Sam Altman Says AI Could End Poverty
OpenAI CEO Sam Altman Says AI Could End Poverty
June 23, 2023  |  artificial intelligence

Despite acknowledging the potential dangers of rapidly progressing AI technology, Sam Altman, the head of ChatGPT parent OpenAI, has argued that the benefits outweigh the costs. In an interview Thursday...

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TikTok’s COO Vanessa Pappas Steps Down Amid Security Concerns
TikTok’s COO Vanessa Pappas Steps Down Amid Security Concerns
June 22, 2023  |  Personnel

Vanessa Pappas, chief operating officer at Chinese-owned video-sharing platform TikTok, is stepping down from her position after nearly five years with the company. The announcement...

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Robinhood Acquires FinTech Firm X1 to Offer No-Fee Credit Card
Robinhood Acquires FinTech Firm X1 to Offer No-Fee Credit Card
June 22, 2023  |  Acquisitions

Robinhood Markets announced on Thursday (June 22) the acquisition of San Francisco-based FinTech firm X1, which offers users a no-fee income-based credit card with rewards...

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Federal Reserve’s Powell: Smaller Banks to Be Exempt From New Capital Requirements
Federal Reserve’s Powell: Smaller Banks to Be Exempt From New Capital Requirements
June 22, 2023  |  Banking

Federal Reserve Chair Jerome Powell announced in a Senate Banking Committee hearing on Thursday (June 22) that smaller banks with assets below $100 billion will not...

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Unemployment Claims Remain at Highest Level in 20 Months
Unemployment Claims Remain at Highest Level in 20 Months
June 22, 2023  |  Economy

U.S. unemployment claims were flat last week, remaining at the highest level in 20 months. Get the Full Story Complete the form to unlock this...

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Humanoid AI Robots Step Out of SciFi and Into the Service Economy
Humanoid AI Robots Step Out of SciFi and Into the Service Economy
June 22, 2023  |  Artificial Intelligence

Are we entering the age of the machine? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Overstock.com Wins Auction for Bed Bath and Beyond Digital and Other Assets
Overstock.com Wins Auction for Bed Bath and Beyond Digital and Other Assets
June 22, 2023  |  Retail

Bankrupt Bed Bath and Beyond Inc. is expected to sell its intellectual property and some of its digital assets to online retailer Overstock.com Inc. for...

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AWS Launches $100M Program to Help Customers Implement Generative AI
AWS Launches $100M Program to Help Customers Implement Generative AI
June 22, 2023  |  Artificial Intelligence

Amazon Web Services (AWS) has launched a program to help customers accelerate their implementation of generative artificial intelligence (AI). Get the Full Story Complete the form...

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