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SenseTime shares plunge to an all-time low after founder’s death

A logo of SenseTime is seen during 2021 China Content Broadcasting Network Exhibition at China International Exhibition Center on May 29, 2021 in Beijing, China. Visual China Group | Getty Images Shares of Chinese artificial intelligence company SenseTime plunged as much as 18.25% on Monday, falling to an all-time low after …

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Asian family offices bet big on risk — but that could be changing

Singapore city skyline on September 18, 2016. Rustam Azmi | Getty Images News | Getty Images Asia’s family offices used to have a far bigger appetite for risks compared to their global counterparts — but that could be changing, according to a recent survey. A Citi Private Bank global survey …

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Techno-optimists, doomsdayers and Silicon Valley’s riskiest AI debate

WASHINGTON, DC – SEPTEMBER 13: OpenAI CEO Sam Altman speaks with reporters on his arrival to the Senate bipartisan Artificial Intelligence (AI) Insight Forum on Capitol Hill in Washington, DC, on September 13, 2023. (Photo by Elizabeth Frantz for The Washington Post via Getty Images) The Washington Post | The …

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Activision Blizzard agrees to settle California sex discrimination case

Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Microsoft-owned Activision Blizzard has agreed to settle a case from a California state agency that alleged the video game publisher discriminated against women, including denying them promotion opportunities and paying …

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investors digest interest rate outlook

The 10-year Treasury note yield slipped Friday, adding to its sharp downturn this week, as traders brace for possible Federal Reserve rate cuts next year. The yield on the 10-year Treasury was lower by 2 basis points at 3.905%. It had fallen below the 4% level for the first time …

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Citigroup employees told they can work remotely until new year

Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely from anywhere in their country of employment from Monday to Dec. 29, a Friday, making this week the last in-person experience this year for many …

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DocuSign shares spike on report company is exploring a sale

The Docusign Inc. application for download in the Apple App Store on a smartphone arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images DocuSign shares rose about 14% on Friday after the Wall Street Journal reported the e-signature software company …

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Cruise autonomous vehicle venture in danger of becoming latest GM flop

DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. …

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Major central banks diverge on when the first rate cuts will come

European Central Bank (ECB) President Christine Lagarde gestures as she speaks to the media following the Governing Council’s monetary policy meeting at the ECB headquarters in Frankfurt, Germany, December 14, 2023.  Kai Pfaffenbach | Reuters The West’s major central banks all kept interest rates unchanged in recent days, but struck …

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Fed’s John Williams says the central bank isn’t ‘really talking about rate cuts right now’

New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank. “We aren’t really talking about rate cuts right now,” he said on CNBC’s “Squawk Box.” “We’re very focused on the question in front of us, which …

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