Biden will need more than $52B to counter China in chips
President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical...
What is Fastly and why a slew of websites went offline
An outage at Fastly Inc., a cloud-based content platform that serves many leading international websites, sent swaths of the web...
Ant gets go-ahead for consumer lending unit in sign of thaw
China is allowing Jack Ma’s Ant Group Co. to start operations at its consumer finance company, the first sign of...
France deploys AI in 3 billion euro plan to save small businesses
The French government will use algorithms and artificial intelligence to identify small firms at risk of collapse in the wake...
Let 1,000 Libor replacements bloom
It’s Bring Your Own Benchmark time for financial markets. Efforts to replace Libor — the interbank lending rate off which...
Powell seeks input as Fed digs deeper into digital currencies
Federal Reserve Chair Jerome Powell turned up the volume in the U.S. digital dollar debate, announcing the central bank will...
Google puts tools rivaling Microsoft, Slack at center of I/O
Google unfurled an expansive range of consumer products and gee-whiz research at the kickoff of its marquee annual conference, with announcements...
U.S. banks could shed 200,000 jobs in decade in efficiency drive
U.S. banks could cut as many as 200,000 jobs in the next decade as they try to boost efficiency to...
IBM launches new cloud, AI services in bid to modernize business
International Business Machines Corp. is rolling out a new product that will help businesses automate tasks, capitalizing on the rise...
Citi Eyes Mortgage Tech in Push to Close Racial Wealth Gap
Citigroup Inc. said it will invest in digital mortgage offerings as part of its pledge to improve homeownership rates among...
