Singapore’s new digital retail banks are offering lower fees, more incentives and waiving minimum account balances to win over customers from traditional banks. But how viable is this in the long run? Bloomberg | Bloomberg | Getty Images SINGAPORE — Digital retail banks in Singapore are pulling out all stops to win new customers. Trust
Technology
In this article DARK-GB Follow your favorite stocksCREATE FREE ACCOUNT Darktrace, one of the U.K.’s largest cybersecurity companies, was founded in 2013 by a group of former intelligence experts and mathematicians. Omar Marques | SOPA Images | LightRocket via Getty Images LONDON — Cybersecurity firm Darktrace on Monday said it has appointed auditing firm EY
Tim Berners-Lee is credited with inventing the World Wide Web in 1989. But he has been dissatisfied with the way his original vision for the web has panned out. Rita Franca | Nurphoto | Getty Images Tim Berners-Lee, the inventor of the World Wide Web, called cryptocurrency “dangerous” and likened it to gambling in an
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Visitors take photos in front of the Meta (Facebook) sign at its headquarters in Menlo Park, California, on December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Meta is rolling out a new paid verification subscription service called Meta Verified, CEO Mark Zuckerberg
Philip O’Keefe, one of Synchron’s patients in the SWITCH clinical trial, using his BCI. Source: Synchron In a Brooklyn lab stuffed with 3D printers and a makeshift pickleball court, employees at a brain interface startup called Synchron are working on technology designed to transform daily life for people with paralysis. The Synchron Switch is implanted
In this article PEP TSLA PEP TSLA Follow your favorite stocksCREATE FREE ACCOUNT First announced by Elon Musk in 2017, the Tesla Semi has been one of the longest-delayed products in the company’s history. But the new electric truck is finally here, with PepsiCo being the first customer to receive some of the 100 vehicles
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft’s new versions of Bing and Edge are available to try beginning Tuesday. Jordan Novet | CNBC Microsoft’s Bing AI chatbot will be capped at 50 questions per day and five question-and-answers per individual session, the company said on Friday. The move will limit some
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Yusuf Mehdi, Microsoft Corporate Vice President of Modern Life, Search, and Devices speaks during an event introducing a new AI-powered Microsoft Bing and Edge at Microsoft in Redmond, Washington on February 7, 2023. Jason Redmond | AFP | Getty Images Since Microsoft showcased an early
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla is voluntarily recalling 362,758 vehicles equipped with the company’s experimental driver-assistance software, which is marketed as Full Self-Driving Beta or FSD Beta, in the US, according to a recall notice out Thursday. Tesla will deliver an over-the-air software update to cars to address the
In this article MSFT GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. The CEO Summit entered its second day of events with a formal signing for
The names of two of FTX co-founder Sam Bankman-Fried’s guarantors were revealed on Wednesday, after an unsealing motion from media companies including CNBC was granted by a Manhattan federal judge. Bankman-Fried was released on $250 million recognizance bond in December after he was indicted on criminal fraud charges. In all, there were four guarantors, including
In this article ASML-NL Follow your favorite stocksCREATE FREE ACCOUNT Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. Emmanuel Dunand | AFP |
Christine Wilson, nominee to serve on the Federal Trade Commission, testifies during a Senate Commerce, Science, and Transportation Committee confirmation hearing in Hart Building on February 14, 2018. Tom Williams | Cq-roll Call, Inc. | Getty Images Christine Wilson, the sole remaining Republican on the Federal Trade Commission, announced Tuesday she plans to resign, citing
Chinese technology giants over the past week have announced their intentions to launch ChatGPT-style products, joining the artificial intelligence arms race sparked by the popular chatbot. But announcements from China’s biggest firms have not said they are working on all-encompassing platforms like the U.S.’ ChatGPT, a move which could worry Beijing which heavily censors internet
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT John Hennessy Adam Jeffery | CNBC Google‘s Bard announcement last week was meant to show that the company has similar technology as the popular ChatGPT chatbot, even though it still has ways to go before becoming product-ready, Alphabet Chairman John Hennessy said Monday. “I think
In this article PDD Follow your favorite stocksCREATE FREE ACCOUNT An ad spot during the Super Bowl costs millions of dollars. Temu, the U.S. shopping site launched by China’s PDD Holdings Inc., ran a 30-second ad during the game titled “Shop Like A Billionaire,” highlighting its ambitions to crack the international e-commerce market. Jevone Moore
Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk’s brain-computer interface company Neuralink is being investigated by the U.S. Department of Transportation for allegedly packaging and transporting contaminated hardware in an unsafe manner, a DOT spokesperson confirmed to CNBC. In
In this article NOV.N-CH Follow your favorite stocksCREATE FREE ACCOUNT Novartis manufacturing associate checking punches at compressing machine. Source: Novartis In 2010, a volcano erupted in Iceland. For Dr. Oliver Sartor, a cancer research professor at the Tulane University School of Medicine, it was a problem. Ash from the eruption disrupted flights across Europe —
In this article GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT Last year’s havoc in the cryptocurrencies space has allowed for a “flight to quality” among crypto investors, Mathew McDermott, Goldman Sachs’ global head of digital assets, said on CNBC’s “Crypto World” on Friday. “We do have a crypto trading desk at the firm,” he
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