EU seeks information from X on content moderation amid first major probe under new tech rules
The EU Commission is requested information from X under the Digital Services Act, a groundbreaking law that aims to crack down on illegal and harmful content.
Shopify shares plunge 18% on weak guidance
The Canadian e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.
Workers are secretly using AI on important tasks over fears it makes them look replaceable, new Microsoft and LinkedIn research finds
Almost half of professionals are worried AI will replace their jobs and are considering quitting in the year ahead, a new Microsoft and LinkedIn report finds.
European markets close higher as investors react to more earnings; Sweden’s central bank cuts rates
European markets closed higher on Wednesday as investors digested more earnings reports in the region.
FTX says most customers of the bankrupt crypto exchange will get all their money back
FTX estimates that it owes creditors around $11.2 billion. FTX said it has between $14.5 billion and $16.3 billion to distribute to creditors.
London’s elite Garrick Club votes to allow women for the first time
Members of Britain’s exclusive all-male Garrick Club voted on Tuesday to permit women to join the institution for the first time in its 193-year history.
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
TS Anil, CEO of Monzo, told CNBC his firm plans to use the cash to build new products and accelerate its international expansion plans.
Big Tech is eating as much data as it can to win in AI — but it’s not ‘winner takes all,’ CEO says
Microsoft, Amazon and Google are spending billions on AI. But Appian CEO Matt Calkins says that ensuring success in the field is “not just about money.”
U.S. and China trade divisions threaten a ‘reversal’ for global economy, IMF official warns
Strained relations between Western and Chinese-aligned economic blocs could cause a “reversal” in global economic growth, an IMF official warns.
Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit
The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid “comprehensive restructuring measures.”
