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The companies plan to start robotaxi tests in Luxembourg in the coming months, before expanding to other parts of Europe next year.

The Fed and others no longer believe the requirements are necessary as they are redundant with other provisions banks already make to plan for emergencies.

The central bank policymaker indicated that he still expects his colleagues to vote for another quarter-point reduction.

This latest move from Larry Fink's firm aims to further capitalize on the boom in stablecoin demand, BlackRock first told CNBC.

The Chinese tech giant is spending tens of billions of dollars on AI despite concerns that companies are spending too much on the tech with limited results.

Upgrade raised $165 million in a new funding round that valued the fintech startup at $7.3 billion.

Speaking at CNBC's Invest in America Forum, the CEOs said the U.S. still leads in many sectors, but inconsistent policy and underinvestment is ceding ground.

Even during a blockbuster year for Wall Street as trading and investment banking spins off billions of dollars in revenue, the banks are hiring fewer people.

Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook.

Honor expects people will turn more to AI assistants rather than smartphone apps directly, President of Products Fei Fang told CNBC in an exclusive interview.

Chinese smartphone company Honor said it would release more details about the artificial intelligence-powered robot phone next year.

Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal environment.