Once more, welcome to Chain Reaction. If you believed that last week’s events involving the U.S. You should prepare yourself for this week’s news because the Securities and Exchange Commission is cracking down on key cryptocurrency companies like Coinbase and Tron. The U.S. is suing Binance, the largest cryptocurrency exchange …

Virgin Orbit, a troubled space corporation, announced it was unable to get extra finance to keep it solvent, so it is firing about 85% of its workers in an effort to further cut costs. The information was reported to the U.S. Securities and Exchange Commission on Thursday, exactly two weeks …

The U.S. and electric vehicle company Canoo have reached a $1.5 million settlement. Securities and Exchange Commission, per a legal document. Just a few months after the business joined with special purpose acquisition firm Hennessy Capital Acquisition Inc., the SEC launched an investigation into Canoo. The inquiry looked into Canoo’s …

A timely reminder that some nations do have laws that already apply to cutting-edge AI has just been issued by Italy’s data protection authority, which has ordered OpenAI to stop processing people’s data locally with immediate effect. The order comes two days after an open letter called for a moratorium …

A number of security companies have warned about an ongoing supply chain attack that targets downstream clients by employing a trojanized version of 3CX’s popular audio and video calling client. More than 600,000 businesses utilize a software-based phone system created by 3CX, including American Express, BMW, McDonald’s, and the National …

This week, Jeep, a Stellantis brand, had its annual off-roading and concept roadshow in Moab, Utah, and electrification was the name of the game. The annual Easter Jeep Safari is held in Moab, Utah, and this week the Jeep brand and Jeep Performance Parts (JPP) by Mopar unveiled seven prototypes, …

Twitter’s new API pricing mechanisms were introduced on Wednesday after the company dragged its feet for weeks. The free tier is designed primarily for automated content posting, whereas the basic tier costs $100 per month and the enterprise tier costs significantly more. The Advertising API is included at no extra …

Effy is pondering her options. The French energy remodeling firm is successful, but it is attempting to serve a market that is far larger than it initially thought. Because of this, it is taking a risk. The startup has just finished a fundraising round with Felix Capital for €20 million …

Comfort Electric, Uber’s premium electric vehicle service, is being rolled out to 14 additional markets in the United States and Canada. Customers in 40 different regions across North America can now reserve a sleek, eco-friendly ride. Luxury electric vehicles, including the Tesla Model S, Model 3, Model X, and Model …

Bing Chat, Microsoft’s latest search agent powered by OpenAI’s GPT-4, “explores” and includes advertisements in its responses. These sponsored results are labeled as such, but it still raises the question of how far we have progressed from the first generation of search engine advertisements. Microsoft’s official blog post today acknowledged …