Bloomberg Tech

New York is seeking to procure a supercomputer to run artificial intelligence systems and gain a deeper understanding of the technology for more effective regulation.

Three Arrows Capital liquidators are seeking to recover $1.3 billion from the co-founders of the failed crypto hedge fund, an amount that reflects losses the founders are accused of racking-up in the months before the firm collapsed, according to a person familiar with the liquidators’ claims.

Walgreens Boots Alliance Inc. shares fell the most since late 2020 after the drugstore chain slashed its fiscal-year earnings forecast, hurt by fading pandemic demand and a slow transition deeper into health care.

Alphabet Inc. received another downgrade on Tuesday, with Bernstein becoming the latest firm on Wall Street to step away from the Google parent company.

Dutch e-commerce investor Prosus NV and its controlling shareholder Naspers Ltd. shares gained after winning approval from South African regulators to unwind their complex ownership structure.

Brilliant Labs, the designer of an AI-powered mixed-reality gadget, has pulled in investors including Oculus co-founder Brendan Iribe, Siri co-founder Adam Cheyer, and Eric Migicovsky, the founder of Pebble, for its seed round.

Nasdaq stock futures rose, signaling a rebound from recent losses, as conviction mounts that an economic downturn may prove less severe than feared.

For people looking on anxiously as stock wealth converges in an oligarchy of high-tech juggernauts, some perspective: It’s nothing new.

German online fashion retailer Zalando SE is fighting the European Union’s decision to add it to a list of companies facing extra scrutiny under the bloc’s new content moderation rules at the EU courts.