Trumps Rush to Cut AI Deals in Saudi Arabia and UAE Opens Rift With China Hawks Bloomberg

The managers of bankrupt crypto exchange FTX sued the parents of co-founder and former Chief Executive Officer Sam Bankman-Fried to “recover millions of dollars in fraudulently transferred and misappropriated funds.”

SoftBank Group Corp. agreed to buy $2 billion of Intel Corp. stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions.

Replaces Mike Ybarra who left the video-game company last week as part of mass layoffs under new owner Microsoft