Caixin Online: How Alibaba’s Mistake Damaged China’s Market

DraftKings has reportedly reached a settlement with a former executive accused of taking trade secrets when he left the company. According to Reuters, Michael Hermalyn allegedly used confidential information to help Fanatics get its VIP client services team off the ground. The settlement appears to have effectively ended litigation between the two sides.

After music publishers sued AI company Anthropic over the alleged use of lyrics to train its AI system, a deal has finally been reached. A U. S. District Judge signed off on the agreement on Thursday (January 2) which states the technology company will maintain its already implemented guardrails that prevent its chatbot from providing lyrics to songs owned by others. It mandates that future product offerings and new large language models should have the same guardrails on text input and output applied. Anthropic is a U.

South Korean crypto mogul Do Hyeong Kwon has entered a not-guilty plea to U. S. criminal fraud charges following his extradition from Montenegro this week. The Terraform Labs co-founder faced a freshly unsealed indictment just in time for his first court appearance in the U. S., tied to the massive multibillion-dollar collapse of his Singapore-based company. Luna stablecoin co-founder Do Kwon faces more charges The updated indictment, revealed on Thursday (Jan.

A number of sports were approved for fixed-odds sports betting in Brazil, less than 24 hours before the markets opened after being made legal. This comes after the South American country has officially allowed licensed gambling operators to accept online sports betting and casino wagers following a six year process of legalization. The full launch took place on New Years Day (January 1) with a total of 68 licenses approved. As for the sports that are now eligible to be bet on, these are vast and include football, basketball, boxing, baseball, hockey, cricket, tennis, and surfing.

Meta’s top policy executive, Nick Clegg, is stepping down and will be succeeded by one of the company’s leading Republican figures. Clegg joined the tech giant back in 2018 after serving as the deputy prime minister of the United Kingdom. He then took over as president of global affairs back in 2022.

Ukrainian troops were trained in trench warfare in French military camps, which Macron visited in October. AP Photo/Thibault Camus, PoolUkraine's investigators are probing the 155th Mechanized Brigade, a unit partially trained by France. Nicknamed "Anne of Kyiv," the highly publicized brigade was an effort by France to bolster Ukraine's defenses.