economy

The U.S. is intensifying its efforts to restrict Chinese access to advanced Nvidia chips, as reports reveal that several Chinese firms are circumventing export controls through data centers in Southeast Asia. This situation highlights the ongoing competition between the U.S. and China in the AI sector and the potential implications for national security and technology policy.

Amazon's announcement to expand its drone delivery service to nearly 500 U.S. cities by year-end marks a significant step in its logistics strategy, aiming for 1 million deliveries this year amidst growing competition in the drone delivery market.

The ongoing trial against Meta, led by California Attorney General Rob Bonta and a coalition of state attorneys general, focuses on the company's alleged role in promoting addictive behaviors among children through its platforms, with potential civil penalties that could significantly impact the company's financial standing.

OpenAI has launched ChatGPT for Teens, a chatbot designed for users under 18 with enhanced safety features, amid increasing scrutiny over the impact of AI on young users. This initiative highlights the company's commitment to providing a safer digital environment for teenagers while navigating legal challenges related to user safety.

Apple's new fee structure for third-party app stores in the EU aims to address regulatory challenges and reduce its commission rates, which could impact its revenue from the App Store amid ongoing scrutiny of its business practices.

Kraken's launch of the Krak Card, a cashback debit card offering up to 2% rewards, marks a strategic move to integrate cryptocurrency into everyday financial transactions, positioning the exchange to compete with established fintech players.