business

Crypto Magnate Do Kwon Found Liable for Multibillion-Dollar Fraud

A federal jury in New York has found South Korean crypto magnate Do Kwon—and his company Terraform Labs—liable for defrauding investors who collectively sank billions of dollars into cryptoassets whose value later fell to near zero. Filed in February 2023 by the Securities and Exchange Commission, a regulatory body responsible …

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To Build a Better AI Supercomputer, Let There Be Light

Most artificial intelligence experts seem to agree that taking the next big leap in the field will depend at least partly on building supercomputers on a once unimaginable scale. At an event hosted by the venture capital firm Sequoia last month, the CEO of a startup called Lightmatter pitched a …

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OpenAI’s GPT Store Is Triggering Copyright Complaints

For the past few months, Morten Blichfeldt Andersen has spent many hours scouring OpenAI’s GPT Store. Since it launched in January, the marketplace for bespoke bots has filled up with a deep bench of useful and sometimes quirky AI tools. Cartoon generators spin up New Yorker–style illustrations and vivid anime …

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TikTok Shop’s Era of Super Subsidies Is Ending

The days of buying ultracheap stuff on TikTok Shop may be winding down. Starting today, the fees TikTok charges sellers increase from 2 percent to 6 percent of the price of each order. They will creep up to 8 percent in July. The changes may mark a crucial moment for …

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