Daily Archives: January 6, 2018

China’s Ant Financial is obliged to abandon an American acquisition

It didn’t mean jack “THE geopolitical environment has changed considerably since…a year ago.” That was the explanation given this week by Alex Holmes, chief executive of MoneyGram International, a Dallas-based American money-transfer firm, for Ant Financial abandoning its $1.2bn deal to buy his firm. Ant, the online-payments affiliate of Alibaba Group, a Chinese e-commerce giant, had outbid Euronet, an American ...

Read More »

Sometimes, computer programs seem too human for their own good

DIGITAL assistants such as Siri and Cortana are increasingly common on phones and computers. Most are designed to give their users the impression that a humanlike intelligence lies behind the program’s friendly voice. It does not, of course. But dozens of experiments over the years have shown that people readily build strong bonds with computerised helpers which are endowed with ...

Read More »

Scott Tucker, former racecar driver, gets 16 years in loan scheme

Scott Tucker takes a break during a morning practice session for an auto race in Sebring, Fla., March 19, 2010.  (Associated Press) A former professional racecar driver was sentenced Friday to more than a decade behind bars after being convicted in October of running a payday loan business that reportedly scammed millions of people. Scott Tucker, 55, was sentenced to ...

Read More »