Apple appeals U.S. ban on watch imports over patent dispute

Sequoia Capital wants you to know that it was “deliberately misled and lied to” by convicted cryptocurrency scam artist Sam Bankman-Fried during the discussions that led to its $213.5-million investment in Bankman-Fried’s firm, FTX, last year. That’s an extraordinary admission, given that Sequoia is one of Silicon Valley’s oldest and largest venture investing firms, with…

Omar Marques | Lightrocket | Getty Images It’s cheaper than ever to buy bitcoin. After 10 years of rejections, the U.S. Securities and Exchange Commission on Wednesday approved 11 applications for bitcoin exchange-traded funds submitted by some of the biggest asset managers in the world, including BlackRock and Fidelity. In many cases, investors will pay…

Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut. Michael Nagle | Bloomberg | Getty Images Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees…

Mattel, the company behind Hot Wheels, Fisher-Price and Barbie, pledged in 2017 to donate $49 million to UCLA to support its children’s hospital. But now the hospital says Mattel never came through with the money. According to a new lawsuit, the El Segundo toy company made “the inexplicable decision a few short years later to…

Amazon continues to trim its headcount after a year of mass layoffs. Beginning at the end of 2022 and continuing through 2023, Amazon initiated the largest layoffs in its history, cutting more than 27,000 jobs across almost every area of the company. Team, We’ve taken significant steps towards our long-term vision of making Prime Video…

OpenAI is offering paltry payouts of as little as $1 million to media outlets in exchange for using their news articles to train the models that power ChatGPT — and the negotiations are playing out even as the company faces a major copyright infringement lawsuit from the New York Times. The proposed licensing fees of…