The Lesson From BYD’s EV Takeover- Don’t Discount China

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Here in the U.S., we hear a lot about how legacy automakers are racing to catch up to Tesla and capture a piece of the growing electric vehicle market. Tesla has a head start, but GM, Ford, and Stellantis have poured billions into their respective efforts to catch up.

In the glob…

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The World Economic Forum’s Klaus Schwab on What Lies Ahead

The World Economic Forum may be returning to its long-standing ritual of meeting in Davos, Switzerland, in January, but—even as the pandemic ebbs—this is still a time of remarkable upheaval. WEF founder Klaus Schwab sat down in New York City with TIME’s editor-in-chief Edward Felsenthal to discuss what’s ahead for Davos and the global econo…

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Washington Wants SVB’s Collapse to Be Simple

This article is part of The D.C. Brief, TIME’s politics newsletter. Sign up here to get stories like this sent to your inbox.

No one does blame better than Washington. No one fears it more, either.

The quickly unspooling banking crisis—sparked by the out-of-nowhere collapse of Silicon Valley Bank and Signature Bank, the subsequent panic about other r…

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Yann LeCun On Why AI Should Be Open Source

Yann LeCun has been a believer in the power of neural networks since long before they were fashionable.

In the late 1980s, along with colleagues at Bell Labs, he designed the first neural network that could recognize handwritten numbers at a high level of accuracy. It was an early example of a convolutional neural network, a machine learning algorithm that would allow image-, speech- and …

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U.S. Links North Korean Hacker Group to Record Crypto Heist

The U.S. Treasury Department has tied the North Korean hacking group Lazarus to the theft of more than $600 million in cryptocurrency from a software bridge used for the popular Axie Infinity play-to-earn game.

The department added an Ethereum wallet address tied to the group to its sanction list on Thursday. More than $86 million of the stolen cryptocurrency from the Ronin bridge has mov…

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