Jack Ma will cede control of Chinese fintech giant Ant Group, the company announced Saturday, following a Communist Party crackdown on the nation's tech sector that targeted the charismatic billionaire.. His company said in a statement on Saturday it was adjusting its ownership structure so that "no shareholder, alone or jointly with other parties, will have control over Ant Group".
At the CES tech megashow in Las Vegas, it is unusual to see an entrepreneur hold up a plant and present it as the latest breakthrough in consumer technology.. Technology geared towards helping the environment has steadily increased in number at CES since the Sin City expo began fifty years ago.
Whether on pleasure yachts or deep-sea cargo ships, AI-backed navigation assistance and autonomy are helping captains set sail for sunsets or simply moor in a port scratch-free.. Instead, the company developed the docking assistance system "that gives the captain a certain level of control" when mooring the boat, a moment "that remains one of the most stressful in sailing."
The US Food and Drug Administration on Friday approved a highly anticipated new drug designed to slow cognitive decline in patients in the early stages of Alzheimer's disease.. Preliminary data from a trial of Leqembi was released in September and found it slowed cognitive decline in Alzheimer's patients by 27 percent.
A dozen Ukrainian startups proudly showed off innovations at CES on Friday, striving to help their nation triumph economically as well as on the battlefield.. - Saving the planet - Several of the Ukrainian startups at CES were focused on saving the planet as well as the country.
Russian oligarch Roman Abramovich's seven children became the beneficiaries of 10 offshore trusts holding assets worth billions of dollars shortly before he was hit with sanctions, Britain's Guardian newspaper reported Friday.. Through the 10 trusts, Abramovich's seven children now appear to be the ultimate beneficial owners of various trophy assets long linked to him, the Guardian said.
Tech firms have spent years hawking the idea of a connected home filled with "smart" devices that help smooth daily domestic lives -- and this year's CES gadget show in Las Vegas is no different.. The biggest firms have spent years trying to tackle the "interoperability" problem, finally agreeing a protocol last year called "Matter" that sets a standard for connected home products.
The dominant US services sector contracted for the first time in more than two years in December, survey data showed on Friday, as business activity slumped.. The ISM services index "ended a 30-month period of growth, contracting for the first time since two straight months of sub-50 percent readings in April and May 2020," said ISM survey chair Anthony Nieves.
A Gallery of Flops including a handset just for tweeting and a failed Apple stereo system warned entrepreneurs at CES on Thursday that dreams of market glory can crumble. . Failures on display in the cautionary Gallery of Flops also included Zune MP3 players launched by Microsoft and the defunct Pippin game console from Apple, which never became popular.
Southwest Airlines said Friday it expects a fourth-quarter loss following last month's system breakdown that led to thousands of flight cancelations during the peak holiday travel season.. That figure includes a revenue loss of $400 to $425 million from canceled flights, with the remaining sum "primarily due to estimated travel expense reimbursements to customers," as well as additional employee pay, the filing said.
