Bloomberg Tech

Ocado has reduced prices on more than 100 products as the online grocer attempts to win over shoppers affected by the UK’s cost-of-living crisis.

Artificial intelligence has the potential to accelerate world-altering innovations such as “limitless” clean energy and better meteorological models that help people deal with the effects of climate change, Google DeepMind executive Colin Murdoch said.

The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance policy.

Bankrupt FTX Trading Ltd. is suing the former top compliance officer to the crypto empire, accusing the lawyer of helping company founder and alleged fraudster Sam Bankman-Fried raid customer funds.

BNP Paribas SA is entering in exclusive talks with Orange SA to take on its Orange Bank clients, letting the French mobile phone carrier walk away from the business.

Wall Street traders took Jerome Powell’s hawkish signals in stride, with bond yields down and stocks fluctuating in one of the last few days of a quarter that saw a blistering artificial-intelligence rally.

The Biden administration plans to tighten export controls announced in October to restrict sales of some artificial-intelligence chips to China, amid growing concerns about selling the technology to a key strategic competitor, people familiar with the matter said.

Visa Inc. agreed to acquire Pismo, a Brazilian financial-technology firm that provides cloud-based payment and banking platforms, for $1 billion in cash.

Cathie Wood’s ARK Investment Management and digital-asset manager 21Shares amended their application for a US spot-Bitcoin exchange-traded fund to add a surveillance-sharing agreement.

Activision Blizzard Inc. will likely abandon a $69 billion takeover bid by Microsoft if the US Federal Trade Commission wins a ruling pausing the deal, the game maker’s chief executive officer told a judge.