US Notches One of Its Biggest Annual Trade Gaps Since 1960

The US trade deficit widened in December, capping a turbulent year of erratic tariff policy. The goods and services trade gap expanded from the prior month to $70.3 billion, Commerce Department data showed Thursday. The shortfall culminated in a full-year deficit of...

AI Pioneer Fei-Fei Li’s Startup World Labs Raises $1 Billion

World Labs, a startup from artificial intelligence pioneer Fei-Fei Li, raised $1 billion in a new round of funding to pursue a novel approach to AI development. Autodesk Inc. invested $200 million in World Labs as part of the round. Other backers include Andreessen...

Tesla Avoids California Sales Halt Over Autopilot Marketing

The California Department of Motor Vehicles said Tesla Inc. has come into compliance over marketing practices for its vehicles’ automated-driving capabilities and won’t face a 30-day suspension of sales in the state. The agency said in a statement Tuesday that Tesla...

Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis

A growing procession of tech industry leaders including Elon Musk and Tim Cook are warning about a global crisis in the making: A shortage of memory chips is beginning to hammer profits, derail corporate plans and inflate price tags on everything from laptops and...

MLB Pitcher Used ‘Rooster’ Texts to Tip Off Bettors, US Says

Cleveland Guardians pitcher Emmanuel Clase tipped bettors to his rigged pitches in text messages with coded language like “rooster” and “chicken,” prosecutors said in a revised indictment. Newly retrieved messages show Clase used the coded language and even gave...