Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world’s largest auto
Technology
Jonathan Raa | Nurphoto | Getty Images Crypto had a big bounceback year in 2023. Now, venture investors are returning. Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said Thursday. It marks the first time that venture VC investments in crypto
A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation in this year’s elections. The industry is specifically targeting deepfakes, which can use deceptive audio, video and images to mimic key stakeholders in democratic elections or to provide false voting information. Microsoft, Meta, Google, Amazon, IBM, Adobe and
Autonomous Taxis By Howard Bloom There have been a series of accidents over the last few months that can easily make you leery of autonomous cars, self-driving automobiles controlled by artificial intelligence. Waymo is a self-driving car company owned by Google’s parent, Alphabet. CNN reported on Wednesday, February 14th, that sometime at the end of
In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty Images Shares of cryptocurrency exchange Coinbase soared 12% Friday at 10:05 London time in U.S. premarket trading after the company reported its first profit in two years. Coinbase, the largest U.S.
Jeff Bezos looks on from the sidlines before kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The Amazon founder and chairman is one of the world’s richest men. Cooper Neill | Getty Images Sport | Getty Images Amazon founder
Richard Branson believes the environmental costs of space travel will “come down even further.” Patrick T. Fallon | AFP | Getty Images Dozens of high-profile figures in business and politics are calling on world leaders to address the existential risks of artificial intelligence and the climate crisis. Virgin Group founder Richard Branson, along with former United
Vertigo3d | E+ | Getty Images Not so long ago, drafting a text message to your crush may have involved witty cues from a glossy magazine and the input of everyone in your group chat. As of Valentine’s Day 2024, the world of online romance looks very different. An increasing number of people are using
The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data. The cryptocurrency also broke through the $51,000 level during the day, marking the first time it has hit this price since December 2021. Bitcoin was trading at
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020. Mario Tama | Getty Images Lyft shares initially soared in extended trading on Tuesday but pulled way back after the company’s finance chief acknowledged on an earnings call that the release included a major error.
Microsoft CEO Satya Nadella appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images Amazon Web Services is still the cloud leader. But Microsoft is quickly closing the gap. While Microsoft doesn’t disclose revenue figures for its Azure cloud infrastructure, analyst figures suggest that five
An image of Elon Musk is seen on a mobile device with the X and Twitter logos in the background in this photo illustration, July 23, 2023. Jonathan Raa | Nurphoto | Getty Images Tesla and SpaceX CEO Elon Musk has to testify in a probe by the U.S. Securities and Exchange Commission concerning his
Revolut is launching a travel eSIM plan in the U.K., in a rare move for a financial services firm. Revolut British financial technology company Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services firm in the country to offer telecom plans — and among
Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business. One day in 2022, while scrolling through
Bitcoin marched higher to end the week, with its price breaching the $48,000 level at one point for the first time since spot bitcoin exchange-traded funds began trading. The flagship cryptocurrency was last higher by 4.6% at $47,587.37, according to Coin Metrics. Ether advanced 2.69% to $2,492.97. Earlier, bitcoin rose to as high as $48,207.78
Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY As Sam Bankman-Fried prepares to face sentencing next month for his criminal fraud conviction tied to the epic collapse of FTX in 2022, former customers of the crypto exchange have reasons to believe they could actually recoup their money. Bankman-Fried, who could
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