Klarna CEO Siemiatkowski says buy now, pay later is used by shoppers who otherwise avoid credit

Klarna CEO Siemiatkowski says buy now, pay later is used by shoppers who otherwise avoid credit

NEW YORK (AP) — Sebastian Siemiatkowski is a co-founder and CEO of Klarna, the Sweden-based company that’s one of the world’s biggest providers of buy now, pay later services to customers. Klarna started off in Europe and entered the U.S. market in 2015. Buy now, pay later has become an increasingly popular option for consumers … Read more

Epic won’t ban blockchain games over adults-only ratings

Epic won’t ban blockchain games over adults-only ratings

Blockchain games are returning to Epic Games’ marketplace. The Epic Games Store has a strict ban on games classified as “Adults Only” by the Entertainment Software Rating Board (ESRB) — normally games with excessive nudity or violence. But the marketplace announced today that blockchain games classified as AO only because they use blockchain are an … Read more

GM to lay off 1,300 workers in Michigan as Chevy ends Camaro, Bolt production

GM to lay off 1,300 workers in Michigan as Chevy ends Camaro, Bolt production

General Motors (GM) disclosed plans to lay off 1,300 workers from two Michigan plants as it ends production of the iconic Chevrolet Camaro and electric Chevrolet Bolt. GM will lay off 945 workers from the Orion Subsystem facility in Lake Orion, Mich., according to a new Worker Adjustment and Retraining Notification letter. The company is … Read more

SenseTime shares plunge to an all-time low after founder’s death

SenseTime shares plunge to an all-time low after founder’s death

A logo of SenseTime is seen during 2021 China Content Broadcasting Network Exhibition at China International Exhibition Center on May 29, 2021 in Beijing, China. Visual China Group | Getty Images Shares of Chinese artificial intelligence company SenseTime plunged as much as 18.25% on Monday, falling to an all-time low after news of its founder’s death. … Read more

China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

HONG KONG (AP) — China’s Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo. Wu is replacing Trudy Dai, a longtime Alibaba executive who was one of the founding employees of the company. Alibaba’s chairman … Read more

Warren presses Meta on content moderation policies amid Israel-Hamas war

Warren presses Meta on content moderation policies amid Israel-Hamas war

Sen. Elizabeth Warren (D-Mass.) pressed Meta, the parent company of Facebook and Instagram, on Thursday for information about its moderation of Palestinian content amid the ongoing Israel-Hamas war.  Dozens of human rights and civil society organizations have raised concerns about Meta’s “reported suppression, filtering, and mistranslation of Palestine-related content over the past two months,” Warren … Read more

Metaverse firm Improbable sells gaming unit for $97 million

Metaverse firm Improbable sells gaming unit for  million

Herman Narula, co-founder and CEO of Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Metaverse company Improbable has sold one of its key gaming ventures to London-listed video game developer Keywords Studios for £76.5 million ($97.1 million). The company closed the deal … Read more

Pakistan's ex-PM used AI clone to campaign from behind bars

Pakistan's ex-PM used AI clone to campaign from behind bars

ISLAMABAD (AP) — For the first time, artificial intelligence has been used to deliver a speech by Pakistan’s imprisoned former Prime Minister Imran Khan to supporters. The stunning development could help his political party to win upcoming elections, analysts said Monday. The replicated voice of Pakistan’s most popular opposition figure was used to address a … Read more