Tech

An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images LONDON — Investors have lost billions of dollars to criminals targeting so-called “decentralized finance” platforms this year. According to a report from London-based firm Elliptic, more than $10 billion worth of user funds has been stolen
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In this article RIVN Rivian employees stand beside the new all-electric pickup truck by Rivian, the R1T, as it sits at one of its facilities on November 09, 2021 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Rivian shares continued to rally less than a week after the company went
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In this article GOOGL Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of cloud computing. Michael Short | Bloomberg | Getty Images At Google’s
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A man demonstrates the uSens Inc. Impression Pi virtual reality and augmented reality interactive device at CES Unveiled, a media preview event for CES International, Monday, Jan. 4, 2016, in Las Vegas. John Locher | AP The so-called metaverse has a “big time” investment case, according to Puerto Rican billionaire businessman Orlando Bravo. Bravo, co-founder
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Neal Stephenson Source: Mercatus Center at George Mason University Author Neal Stephenson shot to fame almost 30 years ago with the science-fiction novel “Snow Crash,” which envisioned a future dominated by mega-corporations and organized crime, competing for dominance in both the real world and the “metaverse,” a computer-generated world accessible through virtual reality headsets. Since
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Shares of fintech companies Affirm and SoFi soared Thursday after both companies reported earnings results that beat on revenue. Affirm shares jumped 15% on Thursday after the buy now, pay later company reported revenue of $269.4 million in the fiscal first quarter that beat analyst estimates of $248.2 million. Affirm also reported a quarterly loss
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In this article TSLA According to financial filings out Wednesday, CEO Elon Musk is selling a block of Tesla shares via a plan that he set in motion on September 14 this year. The sales amount to more than 930,000 shares worth over $1.1 billion. He still holds more than 170 million shares. Musk sold
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Bitcoin and ether hit new all-time highs on Monday evening. Bitcoin’s price at one point rose above $67,700 – eclipsing a previous record set in late October – while ether, the native token of ethereum’s blockchain, surpassed $4,800 for the first time ever. These record-breaking moves come amid a wider rally in the crypto market.
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British artificial intelligence scientist and entrepreneur Demis Hassabis. OLI SCARFF | AFP | Getty Images Google parent company Alphabet has launched a new drug discovery company in the U.K. called Isomorphic Labs. The company will build on research carried out by London artificial intelligence lab DeepMind, which Google acquired in 2014. While the firm was
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As travel industry executives tout the rapid resurgence of tourism and entertainment, the pandemic stock portfolio is getting turned upside down. Airlines stocks are rallying alongside online booking sites, ride-hailing companies and Airbnb, after earnings reports showed clear signs of a recovery in travel. At the same time, stay-at-home stocks are sagging as borders reopen
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Sam Altman, co-founder and chief executive officer of OpenAI Inc., speaks during TechCrunch Disrupt 2019 in San Francisco, California, on Thursday, Oct. 3, 2019. David Paul Morris | Bloomberg | Getty Images Nuclear fusion is the ephemeral holy grail of climate technology. It would provide nearly limitless amounts of clean energy without the byproduct of
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In this article ABNB Rafael Henrique | LightRocket | Getty Images Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide. Shares briefly rose more than 3% in after-hours trading. Here’s how Airbnb did compared
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Craig Federighi, Senior Vice President Software Engineering speaks during Apple’s annual world wide developer conference (WWDC) in San Jose, California, U.S. June 5, 2017. Stephen Lam | Reuters Proposed European regulation that could force Apple to allow iPhone users to install software from the web would open ‘”Pandora’s box” and could pose threats to entire
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In this article QCOM Cristiano Amon, president of Qualcomm and Qualcomm CDMA Technologies, responds to a question during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018. Steve Marcus | Reuters Qualcomm stock rose more than 6% at one point in extended trading on
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Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc. Andrew Harrer | Bloomberg | Getty Images Zillow, the digital real estate company, said on Tuesday that it’s exiting its business that buys and flips homes and eliminating 25% of its workforce. The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and earnings
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